Martin Marietta Materials, Inc. (MLM) Financials

EPS

Hollow marker is the consensus estimate; filled is the reported figure, colored by beat or miss.

Revenue

Outlined bar is the consensus estimate; solid is reported.

Results

Periods without a consensus estimate or a reported figure show a dash.

Period	EPS estimate	EPS actual	EPS surprise %	Revenue estimate	Revenue actual	Revenue surprise %
Q4 26	$4.64	$5	+7.8%	—	—	—
Q3 26	$1.84	$1.93	+4.9%	—	—	—
Q2 26	$6.68	$6.85	+2.5%	—	—	—
Q1 26	$5.26	$5.43	+3.2%	—	—	—
Q4 25	$1.88	$1.9	+1.1%	—	—	—
Q3 25	$4.56	$4.81	+5.5%	—	—	—
Q2 25	$6.3	$5.95	-5.6%	—	—	—
Q1 25	$5.33	$5.27	-1.1%	—	—	—
Q4 24	$1.86	$1.77	-4.8%	—	—	—
Q3 24	$3.95	$4.74	+20.0%	—	—	—
Q2 24	$6.07	$6.98	+15.0%	—	—	—
Q1 24	$4.86	$5.6	+15.2%	—	—	—
Q4 23	$1.02	$1.96	+92.2%	—	—	—
Q3 23	$3.04	$3.04	0.0%	—	—	—
Q2 23	$4.63	$4.69	+1.3%	—	—	—
Q1 23	$3.76	$3.96	+5.3%	—	—	—

EPS

Reported per-share earnings by fiscal year; the line turns dotted where reported figures end and the analyst consensus begins, with the shaded band marking the low–high range.

Revenue

Reported revenue by fiscal year; the line turns dotted where reported figures end and the analyst consensus begins, with the shaded band marking the low–high range.

Results

Periods without a consensus estimate or a reported figure show a dash.

Period	EPS estimate	EPS actual	EPS surprise %	Revenue estimate	Revenue actual	Revenue surprise %
FY25	—	$18.8	—	—	$6.2B	—
FY24	—	$32.5	—	—	$6.5B	—
FY23	—	$18.9	—	—	$6.8B	—
FY22	—	$13.9	—	—	$6.2B

Total revenue

Reported revenue per period; the line is the change from the same period a year earlier, on its own left axis.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Revenue	$3.8B	$4B	$4.2B	$4.7B	$4.7B	$5.4B	$6.2B	$6.8B	$6.5B	$6.2B
YoY change	+7.89%	+3.85%	+7.03%	+11.7%	-0.19%	+14.5%	+13.8%	+10%	-3.56%	-5.91%

Revenue and profits

Revenue, gross profit, operating income, and net income per period.

Condensed income statement

Click a row to chart it; unreported figures show a dash.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Revenue	3.8B	4B	4.2B	4.7B	4.7B	5.4B	6.2B	6.8B	6.5B	6.2B
Cost of revenue	2.9B	3B	3.3B	3.6B	3.5B	4.1B	4.7B	4.8B	4.7B	4.3B
Gross profit	911.7M	971.9M	966.6M	1.2B	1.3B	1.3B	1.4B	2B	1.9B	1.9B
Gross margin	23.9%	24.5%	22.8%	24.9%	26.5%	24.9%	23.1%	29.8%	28.7%	30.7%
Research & development	—	—	—	—	—	—	—	—	—	—
Selling, general & administrative	241.6M	262.1M	280.6M	302.7M	305.9M	351M	396.7M	442.8M	447M	443M
Operating expenses	233.6M	262.9M	262.4M	293.6M	246.1M	316.7M	207.5M	414.4M	-879M	434M
Operating income	678.2M	709M	704.2M	885.4M	1B	1B	1.2B	1.6B	2.8B	1.5B
Operating margin	17.8%	17.9%	16.6%	18.7%	21.3%	19.1%	19.7%	23.7%	42.2%	23.7%
Non-operating income, net	10.5M	1.4M	9M	-7.8M	700K	-33.5M	44.3M	49.9M	8M	1M
Pretax income	607M	618.9M	576.1M	748.3M	889.3M	855.5M	1.1B	1.5B	2.6B	1.2B
Income tax	181.6M	-94.5M	105.7M	136.3M	168.2M	153.2M	234.8M	292.5M	600M	236M
Net income	425.4M	713.4M	470.4M	612M	721.1M	702.8M	866.8M	1.2B	2B	1.1B
Net margin	11.1%	18%	11.1%	12.9%	15.2%	13%	14.1%	17.3%	30.5%	18.5%
EBITDA	974.9M	1B	1.1B	1.2B	1.4B	1.5B	1.8B	2.2B	3.4B	2.1B
EPS	6.66	11.3	7.46	9.77	11.6	11.3	13.9	18.9	32.5	18.8
Diluted EPS	6.63	11.3	7.43	9.74	11.5	11.2	13.9	18.8	32.4	18.8

Revenue and profits

Revenue, gross profit, operating income, and net income per period.

Condensed income statement

Click a row to chart it; unreported figures show a dash.

Period	Q3 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26
Revenue	2B	1.6B	1.3B	1.8B	1.9B	1.6B	1.4B	1.8B	1.8B	1.5B	1.4B	1.9B
Cost of revenue	1.3B	1.1B	979M	1.2B	1.3B	1.1B	1B	1.3B	1.2B	1.1B	1.1B	1.5B
Gross profit	676M	483.4M	272M	517M	599M	490M	335M	544M	611M	467M	310M	495M
Gross margin	33.9%	30.1%	21.7%	29.3%	31.7%	30%	24.8%	30%	33.1%	30.5%	22.8%	25.4%
Research & development	—	—	—	—	—	—	—	—	—	—	—	—
Selling, general & administrative	108M	118.7M	118M	117M	105M	106M	130M	109M	110M	103M	133M	116M
Operating expenses	106M	105.6M	-1.2B	98M	106M	85M	139M	84M	101M	117M	143M	105M
Operating income	570M	377.8M	1.4B	419M	493M	405M	196M	460M	510M	350M	167M	390M
Operating margin	28.6%	23.5%	115.2%	23.8%	26.1%	24.8%	14.5%	25.4%	27.6%	22.8%	12.3%	20%
Non-operating income, net	11M	5.2M	13M	-7M	3M	-2M	8M	8M	-1M	-13M	6M	-11M
Pretax income	540M	342.8M	1.4B	372M	458M	353M	148M	411M	450M	279M	117M	320M
Income tax	110M	55.1M	368M	78M	95M	59M	32M	83M	89M	46M	38M	64M
Net income	417M	282.6M	1B	294M	363M	294M	116M	328M	414M	279M	1.5B	251M
Net margin	20.9%	17.6%	83.6%	16.7%	19.2%	18%	8.57%	18.1%	22.4%	18.2%	111.1%	12.9%
EBITDA	716M	519.3M	1.6B	575M	652M	558M	360M	637M	673M	503M	345M	601M
EPS	6.74	4.57	16.9	4.77	5.93	4.81	1.91	5.44	6.86	4.63	25.1	4.18
Diluted EPS	6.72	4.55	16.9	4.76	5.91	4.79	1.9	5.43	6.85	4.62	25.1	4.17

P/E

Annual history by fiscal year; click a table row below to chart a different metric.

Current values are trailing twelve months where available, otherwise the latest fiscal year; unreported figures show a dash.

Key stats

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Market cap	14.1B	13.9B	10.8B	17.5B	17.7B	27.5B	21.1B	30.9B	31.7B	37.7B	34.9B
Enterprise value	15.7B	15.5B	13.9B	20.7B	20.6B	32.8B	26.1B	34.3B	36.8B	43.3B	35.3B
Shares outstanding	63.6M	62.9M	62.9M	62.5M	62.3M	62.4M	62.3M	61.9M	61.4M	60.5M	60.5M

Valuation

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
P/E	33.1	19.5	23	28.6	24.5	39.1	24.3	26.4	15.9	33.1	31.4
P/S	3.69	3.51	2.55	3.69	3.74	5.08	3.42	4.56	4.85	6.13	5.14
P/B	3.4	2.97	2.18	3.27	3	4.2	2.94	3.84	3.35	3.75	2.52
EV/EBITDA	16.1	15.2	13	16.6	14.7	21.7	14.7	15.7	10.9	20.5	16.6
EV/Sales	4.12	3.9	3.27	4.37	4.35	6.05	4.24	5.07	5.64	7.04	5.28
Earnings yield	3.02%	5.13%	4.35%	3.5%	4.08%	2.56%	4.12%	3.79%	6.29%	3.02%	3.18%
FCF yield	2.14%	1.78%	3.04%	3.27%	3.9%	2.6%	2.42%	2.84%	1.9%	2.6%	1.7%
PEG	—	—	—	—	—	—	—	—	—	—	-1.36

Profitability

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Gross margin	23.9%	24.5%	22.8%	24.9%	26.5%	24.9%	23.1%	29.8%	28.7%	30.7%	25.4%
Operating margin	17.8%	17.9%	16.6%	18.7%	21.3%	19.1%	19.7%	23.7%	42.2%	23.7%	20.2%
Net margin	11.1%	18%	11.1%	12.9%	15.2%	13%	14.1%	17.3%	30.5%	18.5%	36.7%
ROE	10.3%	15.2%	9.5%	11.4%	12.2%	10.8%	12.1%	14.6%	21.1%	11.3%	8.89%
ROA	5.83%	7.93%	4.92%	6.04%	6.82%	4.88%	5.78%	7.73%	11%	6.08%	4.57%
ROIC	8.23%	11.3%	7.17%	8.43%	9.31%	7.17%	7.79%	11.3%	14.5%	7.5%	6.35%
Return on tangible assets	21.7%	19.5%	12.5%	14%	15.2%	13.3%	14.4%	16.8%	21.8%	10.8%	20%

Financial health

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Current ratio	1.99	3.79	1.74	1.7	3.34	2.69	1.99	3.35	2.5	3.57	1.41
Quick ratio	1.03	2.92	0.89	0.88	1.92	1.69	1.39	2.5	1.4	2.36	0.73
Debt / equity	0.41	0.65	0.63	0.61	0.52	0.85	0.76	0.59	0.61	0.57	0.55
Debt / assets	0.23	0.34	0.33	0.32	0.29	0.38	0.36	0.31	0.32	0.3	0.3
Net debt / EBITDA	1.68	1.56	2.87	2.59	2.05	3.5	2.86	1.58	1.52	2.67	2.94
Interest coverage	8.43	7.76	5.2	6.79	8.53	7	7.46	10	16.4	6.33	6.03
Effective tax rate	29.9%	0%	18.3%	18.2%	18.9%	17.9%	21.5%	19.6%	23.1%	19.2%	20.3%

Per share

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Revenue per share	60	63	67.5	75.8	75.9	86.8	98.9	109.5	106.4	101.7	110.9
EPS (basic)	6.66	11.3	7.46	9.77	11.6	11.3	13.9	18.9	32.5	18.8	18.8
EPS (diluted)	6.63	11.3	7.43	9.74	11.5	11.2	13.9	18.8	32.4	18.8	15.4
Book value per share	65.1	74.4	78.7	85.6	94.6	104.8	115.1	129.8	154	165.9	192.3
FCF per share	4.74	3.93	5.23	9.16	11.1	11.5	8.18	14.2	9.84	16.2	13.5
Cash per share	0.79	23	0.71	0.34	3.33	4.14	5.75	20.5	10.9	1.11	1.86
Capex per share	6.09	6.52	5.98	6.29	5.77	6.78	7.73	10.5	13.9	—	—

Capital allocation

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Capex / revenue	10.1%	10.3%	8.86%	8.3%	7.6%	7.81%	7.82%	9.6%	13.1%	—	—
Capex / operating cash flow	56.2%	60.6%	50.5%	40.6%	32%	36.5%	40.6%	42.5%	30.2%	—	—
Payout ratio	24.7%	15.3%	24.7%	21.2%	19.5%	21%	18.4%	14.9%	9.47%	17.3%	21.6%
Dividend yield	0.75%	0.78%	1.08%	0.74%	0.79%	0.54%	0.76%	0.56%	0.6%	0.52%	0.68%

Yield

0.68%

trailing twelve months

Frequency

Quarterly

Last dividend

$0.84

ex-dividend Sep 1, 2026

Payout ratio

22%

of earnings

Dividend growth

10 years

consecutive annual raises

Dividend per share

Split-adjusted payout per share by ex-dividend date.

Recent payouts

Ex-dividend	Amount
Sep 1, 2026	$0.84
Jun 1, 2026	$0.83
Mar 2, 2026	$0.83

Period	Q3 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26
Revenue	$2B	$1.6B	$1.3B	$1.8B	$1.9B	$1.6B	$1.4B	$1.8B	$1.8B	$1.5B	$1.4B	$1.9B
YoY change	+10.1%	+8.92%	-7.61%	-3.13%	-5.27%	+1.42%	+8.15%	+2.66%	-2.28%	-6.01%	+0.67%	+7.51%

Assets vs. liabilities & equity

What the company owns (left stack) against what it owes plus shareholders' equity (right stack). The two stacks should match — that's the balance.

Condensed balance sheet

Click a row to chart it; unreported figures show a dash.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Cash & short-term investments	50M	1.4B	44.9M	21M	207.3M	258.4M	358M	1.3B	670M	67M
Receivables	456.5M	480.1M	514.1M	564.4M	572.6M	767.5M	781M	746.7M	678M	715M
Inventory	521.6M	600.6M	663M	690.8M	709M	752.6M	873.7M	988.6M	1.1B	1.1B
Total current assets	1.1B	2.6B	1.4B	1.4B	1.7B	2B	2.9B	3.9B	2.5B	3.2B
Property, plant & equipment	3.3B	3.4B	5B	5.5B	5.5B	6.6B	6.5B	6.4B	4B	10.5B
Goodwill & intangibles	5.3B	5.3B	5.8B	5.8B	5.8B	9.1B	9B	8.2B	9B	8.1B
Total assets	7.3B	9B	9.6B	10.1B	10.6B	14.4B	15B	15.1B	18.2B	18.7B
Accounts payable	178.6M	183.6M	210.8M	229.6M	207.8M	356.2M	385M	343.3M	375M	389M
Short-term debt	180M	299.9M	390M	392.7M	48.6M	53.9M	751.2M	452.9M	181M	92M
Total current liabilities	546.6M	694.2M	786.7M	838.5M	499.3M	752.6M	1.4B	1.2B	1B	895M
Long-term debt	1.5B	2.7B	2.7B	2.9B	3B	5.5B	4.7B	4.3B	5.6B	5.6B
Total liabilities	3.2B	4.3B	4.6B	4.8B	4.7B	7.9B	7.8B	7.1B	8.7B	8.7B
Shareholders' equity	4.1B	4.7B	4.9B	5.4B	5.9B	6.5B	7.2B	8B	9.5B	10B
Total debt	1.7B	3B	3.1B	3.3B	3.1B	5.5B	5.4B	4.7B	5.8B	5.7B
Net debt	1.6B	1.6B	3.1B	3.2B	2.9B	5.3B	5.1B	3.5B	5.1B	5.6B

Assets vs. liabilities & equity

What the company owns (left stack) against what it owes plus shareholders' equity (right stack). The two stacks should match — that's the balance.

Condensed balance sheet

Click a row to chart it; unreported figures show a dash.

Period	Q3 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26
Cash & short-term investments	647.6M	1.3B	2.6B	109M	52M	670M	101M	225M	57M	67M	273M	112M
Receivables	1B	746.7M	703M	909M	916M	678M	733M	904M	984M	715M	780M	1B
Inventory	993.1M	988.6M	1.1B	1.1B	1.1B	1.1B	1.2B	1.2B	1B	1.1B	1.2B	1.2B
Total current assets	2.8B	3.9B	4.5B	2.2B	2.3B	2.5B	2.1B	2.4B	3.4B	3.2B	2.4B	2.4B
Property, plant & equipment	6.7B	6.4B	7B	9B	9.1B	4B	10.5B	10.5B	10.4B	10.5B	13B	13.5B
Goodwill & intangibles	9B	8.2B	8.4B	9.1B	8.9B	9B	9B	9B	8.1B	8.1B	8.7B	9B
Total assets	14.9B	15.1B	16.2B	16.3B	16.5B	18.2B	17.7B	18.1B	18.7B	18.7B	20.5B	21.3B
Accounts payable	342.2M	343.3M	266M	304M	315M	375M	298M	336M	349M	389M	329M	349M
Short-term debt	451M	452.9M	452M	453M	149M	181M	184M	187M	291M	92M	65M	930M
Total current liabilities	1.1B	1.2B	1.4B	1.2B	993M	1B	935M	1B	1.2B	895M	1B	1.7B
Long-term debt	4.3B	4.3B	4.3B	4.3B	4.3B	5.6B	5.6B	5.6B	5.6B	5.6B	5.6B	5.4B
Total liabilities	7.1B	7.1B	7.4B	7.5B	7.3B	8.7B	8.6B	8.7B	8.9B	8.7B	9.2B	9.8B
Shareholders' equity	7.8B	8B	8.9B	8.8B	9.2B	9.5B	9.1B	9.4B	9.7B	10B	11.3B	11.5B
Total debt	4.7B	4.7B	4.7B	4.7B	4.4B	5.8B	5.8B	5.8B	5.9B	5.7B	5.7B	6.3B
Net debt	4.1B	3.5B	2.1B	4.6B	4.4B	5.1B	5.7B	5.6B	5.8B	5.6B	5.4B	6.2B

Cash generation and uses

Cash from operations, what's left after capex, and what went back to shareholders. Bars below the line are cash going out.

Condensed cash flow statement

Click a row to chart it; unreported figures show a dash.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Net income	425.4M	713.4M	470.4M	612M	721.1M	702.8M	866.8M	1.2B	2B	1.1B
Depreciation & amortization	285.3M	297.2M	344M	371.5M	393.5M	451.7M	506M	513.2M	573M	637M
Stock-based compensation	20.5M	30.5M	29.3M	34.1M	30M	43M	42.7M	50M	58M	46M
Change in working capital	-91.7M	-111.6M	-192.4M	-86.4M	-67.4M	-115.4M	-216.3M	-149.7M	211M	-92M
Operating cash flow	688.5M	677M	744.4M	969.2M	1.1B	1.2B	1.2B	1.5B	2.8B	1.8B
Capital expenditure	-387.3M	-410.3M	-376M	-393.5M	-359.7M	-423.1M	-481.8M	-650.3M	-855M	—
Investing cash flow	-554.7M	-385.8M	-1.9B	-385.9M	-409.7M	-3.5B	-483.8M	458.7M	-2.4B	-781M
Dividends paid	-105M	-108.9M	-116.4M	-129.8M	-140.3M	-147.8M	-159.1M	-174M	-189M	-197M
Share repurchases	-269M	-111.8M	-112.3M	-126.3M	-64.5M	-19.5M	-178.8M	-172.1M	-450M	-450M
Financing cash flow	-258.2M	1.1B	-165.7M	-617.8M	-359.3M	2.3B	-408.1M	-1.1B	405M	-769M
Net change in cash	-124.4M	1.4B	-1.4B	-34.5M	354.1M	-10.2M	295M	924.2M	789M	235M
Free cash flow	301.7M	247.3M	329.1M	572.6M	690.4M	714.6M	509.4M	878.1M	604M	978M

Cash generation and uses

Cash from operations, what's left after capex, and what went back to shareholders. Bars below the line are cash going out.

Condensed cash flow statement

Click a row to chart it; unreported figures show a dash.

Period	Q3 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26
Net income	—	—	—	—	—	—	—	—	414M	279M	1.5B	251M
Depreciation & amortization	—	—	—	—	—	—	—	—	159M	157M	167M	204M
Stock-based compensation	—	—	—	—	—	—	—	—	5M	4M	31M	10M
Change in working capital	—	—	—	—	—	—	—	—	-83M	176M	201M	-329M
Operating cash flow	—	—	—	—	—	—	—	—	551M	629M	227M	112M
Capital expenditure	—	—	—	—	—	—	—	—	—	—	—	—
Investing cash flow	—	—	—	—	—	—	—	—	-570M	-170M	479M	-736M
Dividends paid	—	—	—	—	—	—	—	—	-50M	-50M	-51M	-51M
Share repurchases	—	—	—	—	—	—	—	—	0	0	-200M	0
Financing cash flow	—	—	—	—	—	—	—	—	44M	-255M	-288M	597M
Net change in cash	—	—	—	—	—	—	—	—	25M	204M	418M	-27M
Free cash flow	—	—	—	—	—	—	—	—	361M	424M	41M	-16M

Martin Marietta Materials, Inc. Financials

EPS

Revenue

Results

EPS

Revenue

Results

Total revenue

Total revenue

Revenue and profits

Condensed income statement

Revenue and profits

Condensed income statement

P/E

Key stats

Valuation

Profitability

Financial health

Per share

Capital allocation

Dividend per share

Recent payouts

Assets vs. liabilities & equity

Condensed balance sheet

Assets vs. liabilities & equity

Condensed balance sheet

Cash generation and uses

Condensed cash flow statement

Cash generation and uses

Condensed cash flow statement