CRH Public (CRH) FY2025 results: revenue $37.4 billion, up 5.3% on the year

CRH supplies building materials for infrastructure and construction, with 83,032 people across 3,961 locations and market positions in North America, Europe and Australia. It was formed in 1970. In 2025 infrastructure was 40% of total revenues, residential construction 32% and non-residential construction 28%, with 60% of revenues from new-build work and 40% from repair and remodelling. Its shares have a primary listing on the New York Stock Exchange and a secondary listing in London. The company has completed over 1,250 acquisitions in its history, buying businesses and connecting them to existing operations to create value; in 2025 it completed 38 acquisitions, the largest being Eco Material Technologies, a North American supplier of supplementary cementitious materials.

The portfolio

Essential Materials, meaning aggregates and cementitious materials, is the base of the portfolio, supplied into everything from road and infrastructure projects to large reindustrialisation facilities and commercial and residential building, with customers ranging from national, regional and local governments to contractors and other product and service providers. Road Solutions covers materials, products and services for road construction in North America and Europe, including manufacturing, installation, maintenance and the use of recycled material in paving. Building and Infrastructure Solutions supplies materials, products and engineering services for transportation, water, energy, telecommunications and reindustrialisation projects, with a particular focus on below-ground construction. Outdoor Living Solutions combines materials, products and design features for private and public outdoor spaces in residential and commercial markets.

The segments

For 2025 the company was organised into three segments across two divisions. The Americas Division employs 49,828 people at 2,127 locations across 48 United States states and seven Canadian provinces. Americas Materials Solutions makes and supplies aggregates, cementitious materials, readymixed concrete and asphalt and provides paving and construction services, and was 45% of total revenues and 52% of adjusted earnings before interest, tax, depreciation and amortisation in 2025; it holds long-term reserves at quarries mostly next to urban areas where demand is strongest. Americas Building Solutions makes specified, engineered products that connect and protect critical infrastructure, serving large-scale infrastructure, reindustrialisation including manufacturing and data centre projects, and outdoor living, and was 19% of total revenues and 19% of that earnings measure. The International Division, a single segment called International Solutions, employs 33,204 people at 1,834 locations across 27 countries and integrates materials, products and services for transportation infrastructure, utility networks, commercial and residential buildings and outdoor spaces across Europe and Australia; it was 36% of the group total and 29% of adjusted earnings.

What it makes

Aggregates are naturally occurring mineral deposits such as granite, limestone and sandstone, extracted and processed into crushed stone, sand and gravel for road and rail infrastructure, building foundations and the production of concrete and asphalt; annualised sales volumes were 380.7 million tons in 2025, 231.1 million in the Americas and 149.6 million internationally. Cement, made from limestone reserves, is the primary binding agent in concrete products, and cementitious materials also include fly ash, pozzolans, synthetic gypsum, calcined clay and ground granulated blast-furnace slag; annualised volumes were 59.0 million tons. Readymixed concrete is supplied for on-site casting while infrastructural concrete businesses make precast and pre-stressed products such as vaults, pipes and manholes; annualised volumes were 39.5 million cubic yards. Asphalt, aggregates bound with bitumen, is used on roads, bridges, runways and sidewalks, increasingly with recycled asphalt pavement and shingles; annualised volumes were 62.8 million tons. Building products include concrete and polymer underground vaults, drainage systems, enclosures and modular precast structures for transportation, water, energy and telecommunications markets, along with masonry and hardscape products such as pavers, blocks, curbs, retaining walls and slabs, fencing and railing systems, lawn and garden products and packaged concrete mixes for residential, commercial and do-it-yourself markets.

Competition and people

Many of the markets the company operates in are highly fragmented, so its products and services face heavy competition, and profits are sensitive to changes in volumes and prices driven by competitive conditions in different markets. Pricing depends on macroeconomic conditions, the number of competitors, how fully production capacity is used, the specifics of demand, and product differentiation. Fragmented markets also offer growth opportunities, though competitors may expand or enter new markets and compete for the same acquisitions. In 2025 the company employed 83,032 people at 3,961 locations in 28 countries, and some businesses are seasonal, which moves employment numbers across parts of the workforce through the year.

From CRH's annual report on Form 10-K for the year ended 31 December 2025. The filing

Written from the 10-K filed 18 February 2026: read the full 10-K.