AI Takeaway
CRH delivered strong FY2025 results with revenue growing 5.3% to $37.4B, operating income rising 10.5% to $5.4B, and operating cash flow reaching $5.6B, reflecting solid margin expansion and continued acquisition-driven growth.
Revenue
$37.45B
++5.27% YoY
EPS (Basic)
$5.54
++9.49% YoY
Gross Margin
36.1%
++0.42% YoY
Operating Income
$5.44B
++10.46% YoY
Filed · Analysis updated · Source: SEC EDGAR 10-K filing
CRH grew total revenue by 5.3% year-over-year to $37.4B in FY2025, up from $35.6B in the prior year. This growth reflects a combination of organic pricing gains and contributions from acquisitions, consistent with CRH's strategy of expanding its integrated solutions platform across North America and Europe.
Source: Source: 10-K Income Statement (XBRL Financial Data)
Gross margin improved 42 basis points to 36.1%, and operating margin expanded 68 basis points to 14.5% in FY2025. This margin improvement indicates that revenue growth outpaced cost increases, with cost of revenue rising only 4.6% versus revenue growth of 5.3%, demonstrating operating leverage.
Source: Source: 10-K Income Statement & Key Ratios (XBRL Financial Data)
Operating cash flow increased 12.7% to $5.6B in FY2025, significantly outpacing net income growth of 7.5%, supported by $2.2B in depreciation and amortization. This robust cash generation underpins CRH's capacity to fund capital expenditures, acquisitions, and shareholder returns simultaneously.
Source: Source: 10-K Cash Flow Statement (XBRL Financial Data)
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Upgrade to unlockLong-term debt increased 26.6% to $17.5B in FY2025, pushing the debt-to-equity ratio to 1.37. This elevated leverage increases CRH's sensitivity to interest rate movements and could constrain financial flexibility if earnings or cash flows deteriorate. The financing cash flow turning positive at $596M (vs. -$1.2B prior year) suggests net new debt issuance exceeded repayments.
Source: Source: 10-K Balance Sheet & Cash Flow Statement (XBRL Financial Data)
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Upgrade to unlockReported EPS of $1.51 versus the $1.55 analyst consensus — a -2.4% miss for FY2025.
| Metric | Current | Previous | YoY Change |
|---|---|---|---|
Revenue | $37.45B | $35.57B | +5.27% |
Cost of Revenue | $23.92B | $22.87B | +4.58% |
Gross Profit | $13.53B | $12.7B | +6.51% |
Operating Income | $5.44B | $4.92B | +10.46% |
Net Income | $3.75B | $3.49B | +7.47% |
EPS (Basic) | $5.54 | $5.06 | +9.49% |
EPS (Diluted) | $5.51 | $5.02 | +9.76% |
SG&A Expense | $8.28B | $7.85B | +5.49% |
| Metric | Current | Previous | YoY Change |
|---|---|---|---|
Total Assets | $58.33B | $50.61B | +15.25% |
Current Assets | $15.25B | $14.08B | +8.31% |
Total Liabilities | $32.85B | $27.76B | +18.33% |
Current Liabilities | $8.75B | $10.3B | -14.98% |
Stockholders' Equity | $24B | $21.61B | +11.09% |
Cash & Equivalents | $4.1B | $3.72B | +10.11% |
Long-Term Debt | $17.53B | $13.85B | +26.58% |
| Metric | Current | Previous | YoY Change |
|---|---|---|---|
Operating Cash Flow | $5.63B | $4.99B | +12.75% |
Investing Cash Flow | $-6.04B | $-6.29B | +3.91% |
Financing Cash Flow | $596M | $-1.19B | +150.25% |
Share Buybacks | $1.18B | $1.48B | -20.31% |
D&A | $2.16B | $1.8B | +19.91% |
| Metric | Current | Previous | YoY Change |
|---|---|---|---|
Gross Margin | 36.1% | 35.7% | +0.42% |
Operating Margin | 14.5% | 13.8% | +0.68% |
Net Margin | 10.0% | — | — |
ROE | 15.6% | — | — |
ROA | 6.4% | — | — |
Current Ratio | $1.743 | — | — |
Debt to Equity | $1.369 | — | — |
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CRH delivered strong FY2025 results with revenue of $37.4B (+5.3% YoY), net income of $3.8B (+7.5%), and diluted EPS of $5.51 (+9.8%). Operating income grew even faster at 10.5% to $5.4B, reflecting meaningful margin expansion across the business.
Yes, CRH expanded both gross margin (to 36.1% from 35.7%) and operating margin (to 14.5% from 13.8%) in FY2025. This margin improvement was driven by revenue growth outpacing cost increases, with cost of revenue rising only 4.6% versus revenue growth of 5.3%.
CRH's long-term debt increased 26.6% to $17.5B at the end of FY2025, up from $13.9B in the prior year, reflecting significant acquisition financing activity. The debt-to-equity ratio stands at 1.37, indicating a moderately leveraged balance sheet.
CRH generated $5.6B in operating cash flow in FY2025, up 12.7% year-over-year, demonstrating strong cash conversion from its operations. The company invested $6.0B in investing activities (primarily acquisitions) and returned $1.2B to shareholders through share buybacks.
CRH's total assets grew 15.2% to $58.3B in FY2025, primarily driven by acquisition activity, as evidenced by $6.0B in investing cash outflows and a $3.7B increase in long-term debt. This asset expansion reflects CRH's ongoing strategy of growing its integrated building materials platform through M&A.