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CRH Public (CRH) FY2024 results: revenue $35.6 billion, up 1.8% on the year

CRH Public Ltd. Co. (CRH) reported revenue of $35.6 billion for fiscal 2024, the year ended 31 December 2024, up 1.8% on the year before. Net income was $3.5 billion, up 9.9%, and diluted earnings per share $5.02. The figures are the company's own, from the 10-K it filed with the SEC on 26 February 2025.

Revenue
$35.6 billion
+1.8% on the year
FY2021FY2024
Operating margin
13.8%
12.0% a year earlier
FY2021FY2024
Net income
$3.5 billion
+9.9% on the year
FY2021FY2024
Diluted EPS
$5.02
+15.9% on the year
FY2021FY2024

this yearthe year beforeHover a bar for its figure.

The year in brief

The four quarters: Q1 FY2024 · Q2 FY2024 · Q3 FY2024 · Q4 FY2024

Income statement (profit and loss)

$ millionFY2024FY2023FY2022On the yearLast 8 years
Revenue35,57234,94932,723+1.8%
Cost of revenue22,87122,98621,908-0.5%
Gross profit12,70111,96310,815+6.2%
Gross margin35.7%34.2%33.1%
Selling, general and administrative7,8527,4867,056+4.9%
Operating income4,9254,1863,809+17.7%
Operating margin13.8%12.0%11.6%
Interest expense612376344+62.8%
Pre-tax income4,7144,0143,461+17.4%
Income tax1,085925762+17.3%
Effective tax rate23.0%23.0%22.0%
Net income3,4923,1783,862+9.9%
Net margin9.8%9.1%11.8%
Diluted EPS$5.02$4.33$5.11+15.9%
$ million except per share.
Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.

Cash flow

$ millionFY2024FY2023FY2022On the yearLast 8 years
Operating cash flow4,9895,0173,800-0.6%
Capital expenditure2,5781,8171,523+41.9%
Free cash flow2,4113,2002,277-24.7%
Free cash flow margin6.8%9.2%7.0%
Cash from investing-6,291-2,391-917
Cash from financing-1,186-2,380-2,499
Depreciation and amortisation1,7981,6331,577+10.1%
Share-based compensation125123101+1.6%
Buybacks1,4823,0671,178-51.7%
Dividend per share$1.40$1.33$1.27+5.3%
Diluted shares, weighted690m729m764m-5.4%
Shares outstanding at period end719m735m752m-2.2%

Balance sheet

$ millionFY2024FY2023FY2022On the yearLast 8 years
Shareholders' equity21,60720,85422,157+3.6%
Non-controlling interest859434575+97.9%
Redeemable equity384333308+15.3%
Debt13,96811,6429,636+20.0%
Operating lease liabilities1,0741,1251,000-4.5%
Finance lease liabilities19086.059.0+120.9%
Other liabilities12,53112,99511,584-3.6%
Total liabilities and equity50,61347,46945,319+6.6%
Fixed assets21,45217,84117,768+20.2%
Goodwill11,0619,1589,199+20.8%
Intangible assets1,2111,0411,088+16.3%
Cash and equivalents3,7206,3415,936-41.3%
Inventory4,7554,2914,194+10.8%
Other assets8,4148,7977,134-4.4%
Total assets50,61347,46945,319+6.6%

10-K for the year ended 31 December 2024, filed 26 February 2025: the filing.