AI Takeaway
CRH reported Q1 2026 revenue of $7.37B (+9.1% YoY), but swung to an operating loss of -$38M and a net loss of -$176M as SG&A expenses surged 12.2% to $2.06B, outpacing gross profit growth.
Revenue
$7.37B
++9.09% YoY
EPS (Basic)
$-0.27
-80.00% YoY
Gross Margin
27.7%
++0.56% YoY
Operating Income
$-38M
-311.11% YoY
Filed · Source: SEC EDGAR 10-Q filing
CRH grew Q1 2026 revenue by 9.1% YoY to $7.37B (from $6.76B), reflecting continued demand in its construction materials and solutions segments. This top-line expansion suggests underlying market strength despite the seasonally weak first quarter.
Source: Source: 10-Q Income Statement
Gross profit improved 11.3% YoY to $2.05B, pushing gross margin modestly higher to 27.7% from 27.2%. However, SG&A expenses rose 12.2% YoY to $2.06B — exceeding gross profit — resulting in an operating loss of -$38M versus operating income of $18M in Q1 2025.
Source: Source: 10-Q Income Statement
Net loss deepened to -$176M in Q1 2026 from -$94M in Q1 2025, an 87.2% deterioration. This reflects the operating loss combined with below-the-line costs such as interest expense on the company's growing long-term debt load of $18.44B.
Source: Source: 10-Q Income Statement & Balance Sheet
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Upgrade to unlockLong-term debt increased 18.4% YoY to $18.44B, pushing the debt-to-equity ratio to 1.46x. With net losses and negative operating cash flow in Q1, the company's ability to service this debt depends heavily on seasonal recovery in later quarters. Rising interest rates could further pressure interest expense.
Source: Source: 10-Q Balance Sheet
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Upgrade to unlockReported EPS of $-0.20 versus the $-0.23 analyst consensus — a +11.8% beat for Q1 FY2026.
| Metric | Current | Previous | YoY Change |
|---|---|---|---|
Revenue | $7.37B | $6.76B | +9.09% |
Cost of Revenue | $5.33B | $4.92B | +8.25% |
Gross Profit | $2.04B | $1.84B | +11.32% |
Operating Income | $-38M | $18M | -311.11% |
Net Income | $-176M | $-94M | -87.23% |
EPS (Basic) | $-0.27 | $-0.15 | -80.00% |
EPS (Diluted) | $-0.27 | $-0.15 | -80.00% |
SG&A Expense | $2.06B | $1.83B | +12.22% |
| Metric | Current | Previous | YoY Change |
|---|---|---|---|
Total Assets | $58.17B | $51.92B | +12.03% |
Current Assets | $16.24B | $14.24B | +14.02% |
Total Liabilities | $33.62B | $29.56B | +13.73% |
Current Liabilities | $10.21B | $8.71B | +17.21% |
Stockholders' Equity | $23.07B | $21.12B | +9.24% |
Cash & Equivalents | $3.24B | $3.35B | -3.34% |
Long-Term Debt | $18.44B | $15.58B | +18.36% |
| Metric | Current | Previous | YoY Change |
|---|---|---|---|
Operating Cash Flow | $-616M | $-659M | +6.53% |
Investing Cash Flow | $-722M | $-964M | +25.10% |
Financing Cash Flow | $572M | $1.14B | -49.87% |
Share Buybacks | $332M | $310M | +7.10% |
D&A | $576M | $477M | +20.75% |
| Metric | Current | Previous | YoY Change |
|---|---|---|---|
Gross Margin | 27.7% | 27.2% | +0.56% |
Operating Margin | -0.5% | 0.3% | -0.78% |
Net Margin | -2.4% | — | — |
ROE | -0.8% | — | — |
ROA | -0.3% | — | — |
Current Ratio | $1.59 | — | — |
Debt to Equity | $1.457 | — | — |
Other companies in Construction Materials
CRH reported a net loss of -$176M and EPS of -$0.27 in Q1 2026, which was worse than Q1 2025's net loss of -$94M and EPS of -$0.15. Whether this beat or missed analyst consensus estimates is not available in the filing data, but the year-over-year deterioration in profitability is notable.
CRH's Q1 2026 results showed strong revenue growth of 9.1% to $7.37B, but profitability deteriorated sharply as SG&A expenses of $2.06B exceeded gross profit of $2.05B, resulting in an operating loss of -$38M. The company also saw long-term debt rise 18.4% to $18.44B, suggesting active acquisition spending funded by borrowings.
CRH's net loss of -$176M in Q1 2026 was primarily driven by SG&A expenses of $2.06B growing 12.2% YoY and surpassing gross profit of $2.05B, creating an operating loss of -$38M. Additional interest costs on $18.44B of long-term debt further widened the net loss beyond the operating line.
CRH grew Q1 2026 revenue by 9.1% year-over-year to $7.37B, up from $6.76B in Q1 2025, demonstrating solid top-line momentum in its construction materials business. Gross profit also grew faster than revenue at 11.3%, suggesting improved pricing or mix, though cost control at the SG&A level remains a challenge.
CRH's financial health shows a mixed picture: the company has a solid current ratio of 1.59x and $3.24B in cash, but long-term debt has risen 18.4% to $18.44B, pushing debt-to-equity to 1.46x. Operating and free cash flows are negative in Q1 (seasonally typical), and the company must generate strong cash flows in Q2–Q4 to cover debt service and ongoing capital needs.