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Side-by-side financial comparison of EAGLE MATERIALS INC (EXP) and HALOZYME THERAPEUTICS, INC. (HALO). Click either name above to swap in a different company.

EAGLE MATERIALS INC is the larger business by last-quarter revenue ($556.0M vs $451.8M, roughly 1.2× HALOZYME THERAPEUTICS, INC.). EAGLE MATERIALS INC runs the higher net margin — 18.5% vs -31.3%, a 49.9% gap on every dollar of revenue. On growth, HALOZYME THERAPEUTICS, INC. posted the faster year-over-year revenue change (51.6% vs -0.4%). HALOZYME THERAPEUTICS, INC. produced more free cash flow last quarter ($217.6M vs $60.8M). Over the past eight quarters, HALOZYME THERAPEUTICS, INC.'s revenue compounded faster (51.9% CAGR vs 8.0%).

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.

Halozyme Therapeutics, Inc. is an American biotechnology company. It develops oncology therapies designed to target the tumor microenvironment.

EXP vs HALO — Head-to-Head

Bigger by revenue
EXP
EXP
1.2× larger
EXP
$556.0M
$451.8M
HALO
Growing faster (revenue YoY)
HALO
HALO
+52.0% gap
HALO
51.6%
-0.4%
EXP
Higher net margin
EXP
EXP
49.9% more per $
EXP
18.5%
-31.3%
HALO
More free cash flow
HALO
HALO
$156.8M more FCF
HALO
$217.6M
$60.8M
EXP
Faster 2-yr revenue CAGR
HALO
HALO
Annualised
HALO
51.9%
8.0%
EXP

Income Statement — Q3 FY2026 vs Q4 FY2025

Metric
EXP
EXP
HALO
HALO
Revenue
$556.0M
$451.8M
Net Profit
$102.9M
$-141.6M
Gross Margin
28.9%
82.6%
Operating Margin
-20.6%
Net Margin
18.5%
-31.3%
Revenue YoY
-0.4%
51.6%
Net Profit YoY
-13.9%
-203.3%
EPS (diluted)
$3.22
$-1.13

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
HALO
HALO
Q4 25
$556.0M
$451.8M
Q3 25
$638.9M
$354.3M
Q2 25
$634.7M
$325.7M
Q1 25
$470.2M
$264.9M
Q4 24
$558.0M
$298.0M
Q3 24
$623.6M
$290.1M
Q2 24
$608.7M
$231.4M
Q1 24
$476.7M
$195.9M
Net Profit
EXP
EXP
HALO
HALO
Q4 25
$102.9M
$-141.6M
Q3 25
$137.4M
$175.2M
Q2 25
$123.4M
$165.2M
Q1 25
$66.5M
$118.1M
Q4 24
$119.6M
$137.0M
Q3 24
$143.5M
$137.0M
Q2 24
$133.8M
$93.2M
Q1 24
$77.1M
$76.8M
Gross Margin
EXP
EXP
HALO
HALO
Q4 25
28.9%
82.6%
Q3 25
31.3%
84.4%
Q2 25
29.2%
85.8%
Q1 25
22.2%
81.7%
Q4 24
31.9%
85.9%
Q3 24
32.7%
83.0%
Q2 24
30.7%
82.9%
Q1 24
25.1%
85.5%
Operating Margin
EXP
EXP
HALO
HALO
Q4 25
-20.6%
Q3 25
61.5%
Q2 25
62.2%
Q1 25
53.4%
Q4 24
32.8%
58.9%
Q3 24
34.2%
56.3%
Q2 24
32.0%
50.7%
Q1 24
26.9%
48.8%
Net Margin
EXP
EXP
HALO
HALO
Q4 25
18.5%
-31.3%
Q3 25
21.5%
49.5%
Q2 25
19.4%
50.7%
Q1 25
14.1%
44.6%
Q4 24
21.4%
46.0%
Q3 24
23.0%
47.2%
Q2 24
22.0%
40.3%
Q1 24
16.2%
39.2%
EPS (diluted)
EXP
EXP
HALO
HALO
Q4 25
$3.22
$-1.13
Q3 25
$4.23
$1.43
Q2 25
$3.76
$1.33
Q1 25
$2.01
$0.93
Q4 24
$3.56
$1.06
Q3 24
$4.26
$1.05
Q2 24
$3.94
$0.72
Q1 24
$2.23
$0.60

Balance Sheet & Financial Strength

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

Metric
EXP
EXP
HALO
HALO
Cash + ST InvestmentsLiquidity on hand
$419.0M
$133.8M
Total DebtLower is stronger
$2.1B
Stockholders' EquityBook value
$1.5B
$48.8M
Total Assets
$3.8B
$2.5B
Debt / EquityLower = less leverage
43.89×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
EXP
EXP
HALO
HALO
Q4 25
$419.0M
$133.8M
Q3 25
$35.0M
$419.7M
Q2 25
$59.7M
$61.9M
Q1 25
$20.4M
$176.3M
Q4 24
$31.2M
$115.8M
Q3 24
$93.9M
$154.3M
Q2 24
$46.5M
$187.9M
Q1 24
$34.9M
$164.6M
Total Debt
EXP
EXP
HALO
HALO
Q4 25
$2.1B
Q3 25
$1.5B
Q2 25
$1.5B
Q1 25
$1.2B
$1.5B
Q4 24
$1.5B
Q3 24
$1.5B
Q2 24
$1.5B
Q1 24
$1.1B
$1.5B
Stockholders' Equity
EXP
EXP
HALO
HALO
Q4 25
$1.5B
$48.8M
Q3 25
$1.5B
$503.9M
Q2 25
$1.5B
$332.7M
Q1 25
$1.5B
$482.3M
Q4 24
$1.5B
$363.8M
Q3 24
$1.4B
$452.7M
Q2 24
$1.4B
$289.4M
Q1 24
$1.3B
$177.8M
Total Assets
EXP
EXP
HALO
HALO
Q4 25
$3.8B
$2.5B
Q3 25
$3.4B
$2.2B
Q2 25
$3.4B
$2.1B
Q1 25
$3.3B
$2.2B
Q4 24
$3.0B
$2.1B
Q3 24
$3.1B
$2.1B
Q2 24
$3.0B
$2.0B
Q1 24
$2.9B
$1.8B
Debt / Equity
EXP
EXP
HALO
HALO
Q4 25
43.89×
Q3 25
3.00×
Q2 25
4.54×
Q1 25
0.86×
3.13×
Q4 24
4.14×
Q3 24
3.32×
Q2 24
5.19×
Q1 24
0.84×
8.44×

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
HALO
HALO
Operating Cash FlowLast quarter
$170.8M
$219.0M
Free Cash FlowOCF − Capex
$60.8M
$217.6M
FCF MarginFCF / Revenue
10.9%
48.2%
Capex IntensityCapex / Revenue
19.8%
0.3%
Cash ConversionOCF / Net Profit
1.66×
TTM Free Cash FlowTrailing 4 quarters
$231.8M
$644.6M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
EXP
EXP
HALO
HALO
Q4 25
$170.8M
$219.0M
Q3 25
$204.6M
$178.6M
Q2 25
$136.6M
$99.7M
Q1 25
$62.8M
$154.2M
Q4 24
$119.9M
$178.5M
Q3 24
$233.3M
$115.4M
Q2 24
$132.6M
$55.8M
Q1 24
$63.4M
$129.4M
Free Cash Flow
EXP
EXP
HALO
HALO
Q4 25
$60.8M
$217.6M
Q3 25
$96.1M
$175.6M
Q2 25
$60.5M
$98.1M
Q1 25
$14.5M
$153.3M
Q4 24
$72.5M
$175.4M
Q3 24
$166.8M
$113.9M
Q2 24
$99.5M
$53.2M
Q1 24
$30.9M
$125.9M
FCF Margin
EXP
EXP
HALO
HALO
Q4 25
10.9%
48.2%
Q3 25
15.0%
49.6%
Q2 25
9.5%
30.1%
Q1 25
3.1%
57.9%
Q4 24
13.0%
58.9%
Q3 24
26.7%
39.3%
Q2 24
16.3%
23.0%
Q1 24
6.5%
64.3%
Capex Intensity
EXP
EXP
HALO
HALO
Q4 25
19.8%
0.3%
Q3 25
17.0%
0.9%
Q2 25
12.0%
0.5%
Q1 25
10.3%
0.4%
Q4 24
8.5%
1.0%
Q3 24
10.7%
0.5%
Q2 24
5.4%
1.1%
Q1 24
6.8%
1.8%
Cash Conversion
EXP
EXP
HALO
HALO
Q4 25
1.66×
Q3 25
1.49×
1.02×
Q2 25
1.11×
0.60×
Q1 25
0.94×
1.31×
Q4 24
1.00×
1.30×
Q3 24
1.63×
0.84×
Q2 24
0.99×
0.60×
Q1 24
0.82×
1.68×

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%

HALO
HALO

Royalty$258.0M57%
Products$122.7M27%
Proprietary Products Sales$59.6M13%
Device Partnered Products$12.9M3%

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