CRH PUBLIC LTD COCRH
CRH PUBLIC LTD CO Segments Disclosure
19. Segment information
The Company has the following three operating and reportable segments:
Americas Materials Solutions;
Americas Building Solutions; and
International Solutions
The Americas Materials Solutions segment provides building materials, products and services for the construction and maintenance of public infrastructure and commercial and residential buildings in North America. The primary materials produced by this segment include aggregates, cementitious materials, readymixed concrete and asphalt. This segment also provides paving and construction services for customers.
The Americas Building Solutions segment manufactures, supplies and delivers building products for the built environment in communities across North America. Our subsidiaries within this segment offer building and infrastructure solutions serving complex critical infrastructure (such as water, energy, transportation and telecommunications projects) and outdoor living solutions for enhancing private and public spaces.
The International Solutions segment provides building materials, products and services across Europe and Australia, for the use in the construction of critical infrastructure, commercial and residential buildings and outdoor living spaces.
The segment structure reflects the nature of the financial information reported to and assessed by the Chief Executive Officer, Chief Financial Officer and Chief Operating Officer, who are together determined to fulfill the role of Chief Operating Decision Maker (CODM).
The principal factors employed in the identification of the three segments reflected in this note include:
(i) the Company’s organizational structure in 2025 (during 2025 the Divisional President fulfilled the role of “segment manager”);
(ii) the nature of the reporting lines to the CODM; and
(iii) the structure of internal reporting documentation such as management accounts and budgets.
The Company’s reportable segments are the same as the Company’s operating segments and correspond with how the CODM regularly reviews financial information to allocate resources and assess performance under the Company’s organizational structure.
The CODM uses Adjusted EBITDA as part of their review of the monthly operating results on a segment basis. The CODM considers actual monthly results against the budget and the prior year as part of their assessment of the performance of the business and when making decisions regarding resource allocation. Given that Interest expense and Income tax expense are managed on a centralized basis, these items are not allocated between operating segments for the purposes of the information presented to the CODM and are accordingly omitted from the detailed segmental analysis below. There are no asymmetrical allocations to reporting segments which would require disclosure.
Adjusted EBITDA is defined as earnings from continuing operations before interest, taxes, depreciation, depletion, amortization, Loss on impairments, gain/loss on divestitures and investments, Income/loss from equity method investments, substantial acquisition-related costs, and pension expense/income excluding current service cost component.
The key performance measures and segment expenses for the Company’s reportable segments for the years ended December 31 were:
in $ millions | 2025 | |||||||||||||
| Americas Materials Solutions | Americas Building Solutions | International Solutions | Total | |||||||||||
| Revenue | 17,029 | 7,122 | 13,296 | 37,447 | ||||||||||
| Less: | ||||||||||||||
| Labor | 3,665 | 1,513 | 2,669 | 7,847 | ||||||||||
| Energy costs | 796 | 123 | 1,061 | 1,980 | ||||||||||
| Other segment items (i) | 8,566 | 4,012 | 7,361 | 19,939 | ||||||||||
| Adjusted EBITDA | 4,002 | 1,474 | 2,205 | 7,681 | ||||||||||
| in $ millions | 2024 | |||||||||||||
| Americas Materials Solutions | Americas Building Solutions | International Solutions | Total | |||||||||||
| Revenue | 16,173 | 7,059 | 12,340 | 35,572 | ||||||||||
| Less: | ||||||||||||||
| Labor | 3,493 | 1,447 | 2,389 | 7,329 | ||||||||||
| Energy costs | 743 | 121 | 983 | 1,847 | ||||||||||
| Other segment items (i) | 8,192 | 4,102 | 7,172 | 19,466 | ||||||||||
| Adjusted EBITDA | 3,745 | 1,389 | 1,796 | 6,930 | ||||||||||
| in $ millions | 2023 | |||||||||||||
| Americas Materials Solutions | Americas Building Solutions | International Solutions | Total | |||||||||||
| Revenue | 15,435 | 7,017 | 12,497 | 34,949 | ||||||||||
| Less: | ||||||||||||||
| Labor | 3,274 | 1,306 | 2,264 | 6,844 | ||||||||||
| Energy costs | 805 | 122 | 1,314 | 2,241 | ||||||||||
| Other segment items (i) | 8,297 | 4,147 | 7,244 | 19,688 | ||||||||||
| Adjusted EBITDA | 3,059 | 1,442 | 1,675 | 6,176 | ||||||||||
(i) The nature of other segment items is similar for each segment and primarily includes raw materials, haulage costs, subcontractor costs and other Selling, general and administrative expenses. The composition of other segment items is such that at a segment level none of these items is individually significant in determining segment performance.
| in $ millions | 2025 | 2024 | 2023 | ||||||||
| Adjusted EBITDA | 7,681 | 6,930 | 6,176 | ||||||||
| Depreciation, depletion and amortization | (2,156) | (1,798) | (1,633) | ||||||||
| Loss on impairments (i) | (40) | (161) | (357) | ||||||||
| Interest income | 146 | 143 | 206 | ||||||||
| Interest expense | (810) | (612) | (376) | ||||||||
| Gain on divestitures and investments (ii) | 1 | 250 | – | ||||||||
| Pension income excluding current service cost component (ii) | 21 | 7 | 3 | ||||||||
| Other interest, net (ii) | 7 | 1 | (5) | ||||||||
| Substantial acquisition-related costs | (45) | (46) | – | ||||||||
| Income before income tax expense and income from equity method investments | 4,805 | 4,714 | 4,014 | ||||||||
(i) The total Loss on impairments is comprised of $40 million, $161 million and $295 million within International Solutions for the years ended December 31, 2025, 2024, and 2023, respectively and $62 million within Americas Materials Solutions for the year ended December 31, 2023.
(ii) Gain on divestitures and investments, pension income excluding current service cost component and other interest, net have been included in , net in the Consolidated Statements of Income.
Depreciation, depletion and amortization for each of the segments for the years ended December 31 were:
| in $ millions | 2025 | 2024 | 2023 | ||||||||
| Depreciation, depletion and amortization | |||||||||||
| Americas Materials Solutions | 983 | 846 | 781 | ||||||||
| Americas Building Solutions | 387 | 337 | 299 | ||||||||
| International Solutions | 786 | 615 | 553 | ||||||||
| Total depreciation, depletion and amortization | 2,156 | 1,798 | 1,633 | ||||||||
The gain on divestitures and investments for each of the segments for the years ended December 31 were:
| in $ millions | 2025 | 2024 | 2023 | ||||||||
| Gain on divestitures and investments | |||||||||||
| Americas Materials Solutions | 19 | – | – | ||||||||
| Americas Building Solutions | – | 1 | – | ||||||||
| International Solutions | (18) | 249 | – | ||||||||
| Total gain on divestitures and investments | 1 | 250 | – | ||||||||
The segment assets as of December 31 were:
| in $ millions | 2025 | 2024 | 2023 | ||||||||
| Assets | |||||||||||
| Americas Materials Solutions | 25,396 | 21,474 | 17,534 | ||||||||
| Americas Building Solutions | 9,712 | 9,049 | 7,961 | ||||||||
| International Solutions | 18,121 | 15,011 | 13,373 | ||||||||
| Total assets for reportable segments | 53,229 | 45,534 | 38,868 | ||||||||
| Cash and cash equivalents | 4,096 | 3,720 | 6,341 | ||||||||
| Restricted cash | 51 | 39 | – | ||||||||
| Other current assets, excluding segment assets | 290 | 446 | 193 | ||||||||
| Equity method investments | 502 | 737 | 620 | ||||||||
| Assets held for sale | – | – | 1,268 | ||||||||
| Other noncurrent assets, excluding segment assets | 161 | 137 | 179 | ||||||||
| Total assets as reported in the Consolidated Balance Sheets | 58,329 | 50,613 | 47,469 | ||||||||
The segment liabilities as of December 31 were:
| in $ millions | 2025 | 2024 | 2023 | ||||||||
| Liabilities | |||||||||||
| Americas Materials Solutions | 3,407 | 3,154 | 3,349 | ||||||||
| Americas Building Solutions | 1,899 | 1,769 | 1,770 | ||||||||
| International Solutions | 5,339 | 4,848 | 5,050 | ||||||||
| Total liabilities for reportable segments | 10,645 | 9,771 | 10,169 | ||||||||
| Other current liabilities, excluding segment liabilities | 166 | 163 | 156 | ||||||||
| Total debt | 17,653 | 13,968 | 11,642 | ||||||||
| Deferred income tax liabilities | 3,511 | 3,105 | 2,738 | ||||||||
| Liabilities held for sale | – | – | 375 | ||||||||
| Other noncurrent liabilities, excluding segment liabilities | 876 | 756 | 768 | ||||||||
| Total liabilities as reported in the Consolidated Balance Sheets | 32,851 | 27,763 | 25,848 | ||||||||
Additions to property, plant and equipment and intangible assets for each of the segments for the years ended December 31 were:
| in $ millions | 2025 | 2024 | 2023 | ||||||||
| Property, plant and equipment and intangible asset additions (i) | |||||||||||
| Americas Materials Solutions | 1,148 | 1,151 | 854 | ||||||||
| Americas Building Solutions | 507 | 480 | 360 | ||||||||
| International Solutions | 1,223 | 1,074 | 664 | ||||||||
| Total property, plant and equipment and intangible asset additions | 2,878 | 2,705 | 1,878 | ||||||||
(i) Property, plant and equipment and intangible asset additions exclude asset retirement cost additions.
Long-lived assets by geographic area as of December 31 were:
| in $ millions | 2025 | 2024 | 2023 | ||||||||
| Long-lived assets by geographical area (i) | |||||||||||
| United Kingdom | 2,028 | 1,819 | 1,786 | ||||||||
| United States | 15,177 | 13,504 | 10,821 | ||||||||
| Other | 9,203 | 7,403 | 6,526 | ||||||||
| Total long-lived assets by geographical area | 26,408 | 22,726 | 19,133 | ||||||||
(i) Long-lived assets are comprised of property, plant and equipment and operating lease right-of-use assets.
Information about major customers
There are no material dependencies or concentrations of individual customers that require disclosure. The individual entities within the Company have a large number of customers spread across various activities, end-users and geographies.
About Segments Disclosures
Segment disclosures break a company into its reportable operating units, revealing revenue, profit, and asset allocation that consolidated financial statements obscure. Under ASC 280, segments must match how the chief operating decision maker views the business, providing a window into internal management structure and resource allocation priorities.
Key signals: compare segment margins to identify which units drive profitability and which destroy value. Watch for changes in the number of reportable segments — segment aggregation or disaggregation often coincides with strategic shifts or attempts to obscure declining performance. Intersegment elimination patterns reveal internal pricing practices. The reconciliation between segment totals and consolidated figures exposes corporate overhead allocation and unallocated items. Geographic revenue concentration highlights regulatory and currency exposure. Compare segment-level capital expenditure against segment revenue to assess where management is investing for future growth versus harvesting existing assets.