Short answer
CRH plc (CRH) filed its fiscal 2025 10-K annual report with the SEC on Feb 18, 2026. It reported revenue of $37.4B (+5.3% year over year) and net income of $3.8B.
- Top risk flagged: Regulatory risk: potential impacts from U.S. infrastructure laws driving significant public investment in North America, 75% of Net income sourced here
FY2025 key financial metrics · XBRL
- Revenue
- $37.4B
- +5.3% YoY
- Net income
- $3.8B
- +7.5% YoY
- Operating margin
- 14.5%
- +0.7 pp YoY
- Gross margin
- 36.1%
- +0.4 pp YoY
- EPS (diluted)
- $5.51
- +9.8% YoY
- ROE
- 15.6%
- −0.5 pp YoY
- Operating cash flow
- $5.6B
- +12.7% YoY
Source: XBRL data from the CRH plc (CRH) FY2025 10-K on SEC EDGAR. USD.
CRH plc FY2025 10-K analysis
AI summary of each section, grounded in the filing text
Business Overview
- Core business model: Production and supply of building materials and infrastructure solutions across Americas Materials, Americas Building, and International Solutions segments
- Emphasis on infrastructure growth, driven by $350B IIJA federal funding including $110B incremental for roads and bridges, and expanded multi-year non-residential projects like data centers and semiconductors
- Strategic focus on acquisitions increased headcount and capital expenditure, driving 20% higher depreciation and amortization expenses in 2025
- Revenue $37.4B up 5% YoY, gross profit margin improved to 36.1% from 35.7%, and adjusted EBITDA rose to $7.68B from $6.93B in 2024
- Interest expense jumped 32% YoY to $810M due to significantly higher gross debt balances reflecting increased leverage
Management Discussion & Analysis
- Revenue and net income: Net income $3.79B in 2025 vs $3.52B in 2024, diluted EPS pre-impairment $5.57 vs $5.43, +$0.14
- Operating margin proxy: Adjusted Free Cash Flow $4.97B in 2025 vs $4.23B in 2024, conversion rate 131% vs 120% conversion
- Best segment: Not explicitly segmented revenue, but bottom-line net income increased by $0.27B YoY, impairments sharply reduced to $40M in 2025 from $161M in 2024
- Cash flow & capital allocation: Operating cash flow $5.63B; total capex $2.71B (growth capex $1.74B, maintenance $0.97B); repaid $1.4B commercial paper and $1.25B 2025 notes; new senior notes issued ~$5.5B
- Outlook & liquidity: Cash flows and credit lines sufficient for working capital, capex, dividends, buybacks, debt maturities, plus acquisition funding flexibility
Risk Factors
- Regulatory risk: potential impacts from U.S. infrastructure laws driving significant public investment in North America, 75% of Net income sourced here
- Geopolitical/macro risk: exposure to economic conditions in North America and International markets, generating 71% and 29% of Adjusted EBITDA respectively
- Operational/supply chain risk: integration challenges related to 38 acquisitions totaling $4.1B in 2025, including $2.1B Eco Material acquisition in SCMs
- Competitive risk: market leadership challenged by operators in cement and aggregates sectors, such as the Australian competitor Adbri recently acquired stake in
- Financial risk: capital allocation involves $2.7B growth and maintenance capex plus $1.2B share buybacks, balancing growth with shareholder returns
Generated from the filing text; verify against the original. How to read a 10-K
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