A Business at a Glance
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Martin Marietta Materials, Inc. (the Company or Martin Marietta) is a leading natural resource-based building materials company. The Company supplies aggregates (crushed stone, sand and gravel) through its network of approximately 400 quarries, mines and distribution yards in 28 states, Canada and The Bahamas. In 2025, aggregates generated 88% of the Company’s total reportable segment gross profit. As of December 31, 2025, Martin Marietta also provides other building materials, namely, cement, ready mixed concrete, asphalt and paving services in targeted markets where the Company has a notable aggregates position. The Company’s heavy-side building materials are used in infrastructure, nonresidential and residential construction projects. Aggregates are also used in agricultural, utility and environmental applications and as railroad ballast. The aggregates, cement, ready mixed concrete, asphalt and paving operations are reported collectively as the “Building Materials business”.
| Metric | TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|---|
| Revenue | 6.2B | 6.2B | 5.7B | 6.8B | 6.2B | 5.4B |
| Net Income | 1.1B | 1.1B | 2.0B | 1.2B | 867M | 703M |
| EPS | $18.77 | $18.77 | $32.41 | $18.82 | $13.87 | $11.22 |
| Free Cash Flow | 978M | 978M | 604M | 878M | 509M | 715M |
| ROIC | 7.6% | 7.9% | 13.6% | 12.1% | 7.5% | 6.9% |
| Gross Margin | 30.7% | 30.7% | 28.9% | 29.9% | 23.1% | 24.9% |
| Debt/Equity | 0.57 | 0.57 | 0.63 | 0.64 | 0.85 | 0.85 |
| Dividends/Share | $3.25 | $3.24 | $3.06 | $2.80 | $2.54 | $2.36 |
| Operating Income | 1.4B | 1.4B | 2.5B | 1.6B | 1.2B | 974M |
| Operating Margin | 23.4% | 23.4% | 43.8% | 23.6% | 19.6% | 18.0% |
| ROE | 11.3% | 11.7% | 21.1% | 14.6% | 12.1% | 10.7% |
| Shares Outstanding | 61M | 61M | 62M | 62M | 62M | 63M |
MARTIN MARIETTA MATERIALS INC passes 5 of 9 quality checks, suggesting mixed fundamentals.
MARTIN MARIETTA MATERIALS INC trades at 33.8x trailing earnings, compared to its 15-year median P/E of 25.1x, suggesting it is currently Expensive relative to its historical range. On a free-cash-flow basis, the stock trades at 39.2x vs a median of 38.8x. The company's 5-year average ROIC is 9.6% with a gross margin of 27.5%. Total shareholder yield (dividends + buybacks) is 1.7%. At current prices, the estimated annualized return to fair value is +9.6%.
MARTIN MARIETTA MATERIALS INC (MLM) has a current P/E ratio of 33.8, compared to its historical median P/E of 25.1. The stock is currently considered Expensive based on its historical valuation range.
MARTIN MARIETTA MATERIALS INC (MLM) has a 5-year average return on invested capital (ROIC) of 9.6%. This is below average and may indicate limited pricing power.
MARTIN MARIETTA MATERIALS INC (MLM) has a market capitalization of $38.5B. It is classified as a large-cap stock.
Yes, MARTIN MARIETTA MATERIALS INC (MLM) pays a dividend with a trailing twelve-month yield of 0.51%. The company also returns capital through share buybacks, with a buyback yield of 1.17%.
Based on historical P/E analysis, MARTIN MARIETTA MATERIALS INC (MLM) appears expensive. The current P/E of 33.8 is 35% above its historical median of 25.1. The estimated fair value CAGR (P/E method) is 18.0%.
MARTIN MARIETTA MATERIALS INC (MLM) operates in the Mining & Quarrying Of Nonmetallic Minerals (No Fuels) industry, within the Materials sector.
MARTIN MARIETTA MATERIALS INC (MLM) reported annual revenue of $6.2 billion in its most recent fiscal year, based on SEC EDGAR filings.
MARTIN MARIETTA MATERIALS INC (MLM) has a net profit margin of 18.5%. This is a healthy margin.
MARTIN MARIETTA MATERIALS INC (MLM) generated $978 million in free cash flow in its most recent fiscal year. Positive free cash flow supports dividends, buybacks, and debt reduction.
MARTIN MARIETTA MATERIALS INC (MLM) has a debt-to-equity ratio of 0.57. This indicates moderate leverage.
MARTIN MARIETTA MATERIALS INC (MLM) reported earnings per share (EPS) of $18.77 in its most recent fiscal year.
MARTIN MARIETTA MATERIALS INC (MLM) has a return on equity (ROE) of 11.7%. This indicates moderate shareholder returns.
MARTIN MARIETTA MATERIALS INC (MLM) has a 5-year average gross margin of 27.5%. This lower margin is typical of capital-intensive or commodity businesses.
The Ledger Terminal provides 18 years of financial data for MARTIN MARIETTA MATERIALS INC (MLM), sourced directly from SEC EDGAR filings. This includes income statements, balance sheets, cash flow statements, and key financial ratios.
MARTIN MARIETTA MATERIALS INC (MLM) has a book value per share of $165.61, based on its most recent annual SEC filing.