CRH PUBLIC LTD CO

Dominant, scaled building-materials franchise with durable local-monopoly moats, top-decile cash generation, and strong returns.

Strengths

• $37.4B revenue, $3.8B net income, $2.9B FCF (96th pct) with operating margin 14.5% (79th) and ROA 6.4% (82nd)
• ROE 15.6% (73rd) and 148% operating-cash-to-net-income conversion; consistent record performance
• Wide moat from non-transportable aggregates, scale, and a proven acquisition/integration engine; IIJA/reindustrialization tailwinds

Risks

• Cyclical, weather- and rate-sensitive demand tied to construction and public infrastructure budgets
• Leverage debt/equity 0.74 plus an active $4B/yr acquisition cadence; Adjusted ROIC slipped 130bps to 12.1%

Notable findings

• Exec changeRecent 8-K item 5.02 8-K ↗
• Customer concentration~10% of revenue from one customer/distributor — In addition, CRH may also be negatively impacted by fluctuations in the price of fuel and principal energy-related raw materials, which accounted for approximately 10% of Total revenues in 2025, consi
• Strong balance sheetStrong balance sheet — $4.1B cash & investments
• Insider buyingInsider buying — 2 open-market buy(s) by 2 insider(s) (cluster of 2 insiders, ~$601,285, last 6mo) Form 4 ↗
• Buying back stockNet buyback — share count -4%/yr over 2y
• Revenue declineRevenue -21.7% YoY