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Side-by-side financial comparison of EAGLE MATERIALS INC (EXP) and Fidelis Insurance Holdings Ltd (FIHL). Click either name above to swap in a different company.

Fidelis Insurance Holdings Ltd is the larger business by last-quarter revenue ($651.9M vs $556.0M, roughly 1.2× EAGLE MATERIALS INC). Fidelis Insurance Holdings Ltd runs the higher net margin — 20.0% vs 18.5%, a 1.5% gap on every dollar of revenue. On growth, EAGLE MATERIALS INC posted the faster year-over-year revenue change (-0.4% vs -5.0%). Fidelis Insurance Holdings Ltd produced more free cash flow last quarter ($154.6M vs $60.8M).

Eagle Materials Inc. is an American producer of building materials based in Dallas, Texas. The company produces cement, concrete, construction aggregate, gypsum, wallboard, paperboard, and sand for hydraulic fracturing.

Fidelis Insurance Holdings Ltd is a global specialty insurance and reinsurance firm headquartered in Bermuda. It offers tailored coverage solutions across property, casualty, marine, aviation, and specialty risk segments, serving corporate and institutional clients across North America, Europe, and other international markets.

EXP vs FIHL — Head-to-Head

Bigger by revenue
FIHL
FIHL
1.2× larger
FIHL
$651.9M
$556.0M
EXP
Growing faster (revenue YoY)
EXP
EXP
+4.6% gap
EXP
-0.4%
-5.0%
FIHL
Higher net margin
FIHL
FIHL
1.5% more per $
FIHL
20.0%
18.5%
EXP
More free cash flow
FIHL
FIHL
$93.8M more FCF
FIHL
$154.6M
$60.8M
EXP

Income Statement — Q3 FY2026 vs Q3 FY2025

Metric
EXP
EXP
FIHL
FIHL
Revenue
$556.0M
$651.9M
Net Profit
$102.9M
$130.5M
Gross Margin
28.9%
Operating Margin
24.7%
Net Margin
18.5%
20.0%
Revenue YoY
-0.4%
-5.0%
Net Profit YoY
-13.9%
29.7%
EPS (diluted)
$3.22
$1.24

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
EXP
EXP
FIHL
FIHL
Q4 25
$556.0M
Q3 25
$638.9M
$651.9M
Q2 25
$634.7M
$589.3M
Q1 25
$470.2M
$658.4M
Q4 24
$558.0M
Q3 24
$623.6M
$686.1M
Q2 24
$608.7M
$540.1M
Q1 24
$476.7M
$520.0M
Net Profit
EXP
EXP
FIHL
FIHL
Q4 25
$102.9M
Q3 25
$137.4M
$130.5M
Q2 25
$123.4M
$19.7M
Q1 25
$66.5M
$-42.5M
Q4 24
$119.6M
Q3 24
$143.5M
$100.6M
Q2 24
$133.8M
$53.7M
Q1 24
$77.1M
$81.2M
Gross Margin
EXP
EXP
FIHL
FIHL
Q4 25
28.9%
Q3 25
31.3%
Q2 25
29.2%
Q1 25
22.2%
Q4 24
31.9%
Q3 24
32.7%
Q2 24
30.7%
Q1 24
25.1%
Operating Margin
EXP
EXP
FIHL
FIHL
Q4 25
Q3 25
24.7%
Q2 25
3.8%
Q1 25
-7.6%
Q4 24
32.8%
Q3 24
34.2%
17.2%
Q2 24
32.0%
11.6%
Q1 24
26.9%
18.3%
Net Margin
EXP
EXP
FIHL
FIHL
Q4 25
18.5%
Q3 25
21.5%
20.0%
Q2 25
19.4%
3.3%
Q1 25
14.1%
-6.5%
Q4 24
21.4%
Q3 24
23.0%
14.7%
Q2 24
22.0%
9.9%
Q1 24
16.2%
15.6%
EPS (diluted)
EXP
EXP
FIHL
FIHL
Q4 25
$3.22
Q3 25
$4.23
$1.24
Q2 25
$3.76
$0.18
Q1 25
$2.01
$-0.38
Q4 24
$3.56
Q3 24
$4.26
$0.88
Q2 24
$3.94
$0.46
Q1 24
$2.23
$0.69

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
EXP
EXP
FIHL
FIHL
Cash + ST InvestmentsLiquidity on hand
$419.0M
$892.5M
Total DebtLower is stronger
$842.9M
Stockholders' EquityBook value
$1.5B
$2.4B
Total Assets
$3.8B
$12.5B
Debt / EquityLower = less leverage
0.35×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
EXP
EXP
FIHL
FIHL
Q4 25
$419.0M
Q3 25
$35.0M
$892.5M
Q2 25
$59.7M
$919.4M
Q1 25
$20.4M
$733.4M
Q4 24
$31.2M
Q3 24
$93.9M
$806.8M
Q2 24
$46.5M
$628.6M
Q1 24
$34.9M
$671.7M
Total Debt
EXP
EXP
FIHL
FIHL
Q4 25
Q3 25
$842.9M
Q2 25
$842.6M
Q1 25
$1.2B
$449.1M
Q4 24
Q3 24
$448.8M
Q2 24
$448.6M
Q1 24
$1.1B
$448.4M
Stockholders' Equity
EXP
EXP
FIHL
FIHL
Q4 25
$1.5B
Q3 25
$1.5B
$2.4B
Q2 25
$1.5B
$2.3B
Q1 25
$1.5B
$2.4B
Q4 24
$1.5B
Q3 24
$1.4B
$2.6B
Q2 24
$1.4B
$2.5B
Q1 24
$1.3B
$2.5B
Total Assets
EXP
EXP
FIHL
FIHL
Q4 25
$3.8B
Q3 25
$3.4B
$12.5B
Q2 25
$3.4B
$13.0B
Q1 25
$3.3B
$12.8B
Q4 24
$3.0B
Q3 24
$3.1B
$11.7B
Q2 24
$3.0B
$11.9B
Q1 24
$2.9B
$11.3B
Debt / Equity
EXP
EXP
FIHL
FIHL
Q4 25
Q3 25
0.35×
Q2 25
0.36×
Q1 25
0.86×
0.19×
Q4 24
Q3 24
0.17×
Q2 24
0.18×
Q1 24
0.84×
0.18×

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
EXP
EXP
FIHL
FIHL
Operating Cash FlowLast quarter
$170.8M
$155.2M
Free Cash FlowOCF − Capex
$60.8M
$154.6M
FCF MarginFCF / Revenue
10.9%
23.7%
Capex IntensityCapex / Revenue
19.8%
0.1%
Cash ConversionOCF / Net Profit
1.66×
1.19×
TTM Free Cash FlowTrailing 4 quarters
$231.8M
$-320.9M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
EXP
EXP
FIHL
FIHL
Q4 25
$170.8M
Q3 25
$204.6M
$155.2M
Q2 25
$136.6M
$-359.2M
Q1 25
$62.8M
$-433.1M
Q4 24
$119.9M
Q3 24
$233.3M
$318.9M
Q2 24
$132.6M
$208.5M
Q1 24
$63.4M
$-35.3M
Free Cash Flow
EXP
EXP
FIHL
FIHL
Q4 25
$60.8M
Q3 25
$96.1M
$154.6M
Q2 25
$60.5M
$-359.3M
Q1 25
$14.5M
$-433.4M
Q4 24
$72.5M
Q3 24
$166.8M
$317.2M
Q2 24
$99.5M
$206.6M
Q1 24
$30.9M
$-35.6M
FCF Margin
EXP
EXP
FIHL
FIHL
Q4 25
10.9%
Q3 25
15.0%
23.7%
Q2 25
9.5%
-61.0%
Q1 25
3.1%
-65.8%
Q4 24
13.0%
Q3 24
26.7%
46.2%
Q2 24
16.3%
38.3%
Q1 24
6.5%
-6.8%
Capex Intensity
EXP
EXP
FIHL
FIHL
Q4 25
19.8%
Q3 25
17.0%
0.1%
Q2 25
12.0%
0.0%
Q1 25
10.3%
0.0%
Q4 24
8.5%
Q3 24
10.7%
0.2%
Q2 24
5.4%
0.4%
Q1 24
6.8%
0.1%
Cash Conversion
EXP
EXP
FIHL
FIHL
Q4 25
1.66×
Q3 25
1.49×
1.19×
Q2 25
1.11×
-18.23×
Q1 25
0.94×
Q4 24
1.00×
Q3 24
1.63×
3.17×
Q2 24
0.99×
3.88×
Q1 24
0.82×
-0.43×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

EXP
EXP

External Customers$283.5M51%
Gypsum Wallboard$175.9M32%
Recycled Paperboard$47.8M9%
Corporate Joint Venture$29.4M5%
Other$11.8M2%
Western Pennsylvania Acquisition$7.6M1%

FIHL
FIHL

Segment breakdown not available.

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