NYSE : MLM
Martin Marietta Materials, Inc. — Financial statements
Materials · Building Materials · United States
Last price 534.39 USD (Oct 29, 2026, 4:00 PM EDT) · Market cap 37.95B
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Financial statements
Martin Marietta Materials, Inc. (MLM) reported revenue of 6.69B USD (TTM). Five years of income statement, balance sheet, cash flow and ratios below.
Income statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Revenue | 6.69B | 6.15B | 5.66B | 5.85B | 6.16B | 5.41B |
| Cost of Revenue | 4.80B | 4.26B | 4.01B | 4.11B | 4.74B | 4.07B |
| Gross Profit | 1.89B | 1.89B | 1.66B | 1.75B | 1.42B | 1.35B |
| Selling, General & Admin | 445.00M | 431.00M | 413.00M | 412.00M | 374.00M | 329.20M |
| Other Operating Expenses | 4.00M | -9.00M | -13.00M | -5.00M | -38.00M | -12.70M |
| Operating Expenses | 449.00M | 422.00M | 400.00M | 407.00M | 336.00M | 316.50M |
| Operating Income | 1.44B | 1.47B | 1.26B | 1.34B | 1.09B | 1.03B |
| Interest Expense | -232.00M | -230.00M | -169.00M | -165.00M | -169.00M | -142.70M |
| Interest & Investment Income | 10.00M | 10.00M | 40.00M | 47.00M | 14.00M | |
| Other Non Operating Income (Expenses) | -8.00M | -3.00M | -2.00M | 4.00M | 2.60M | |
| EBT Excluding Unusual Items | 1.21B | 1.25B | 1.13B | 1.22B | 936.00M | 891.80M |
| Merger & Restructuring Charges | -61.00M | -41.00M | -120.00M | -12.00M | -9.00M | -57.90M |
| Gain (Loss) on Sale of Assets | 18.00M | 18.00M | 1.36B | 20.00M | 152.00M | 21.60M |
| Other Unusual Items | 12.00M | |||||
| Pretax Income | 1.17B | 1.23B | 2.37B | 1.23B | 1.09B | 855.50M |
| Income Tax Expense | 236.00M | 236.00M | 550.00M | 234.00M | 235.00M | 153.20M |
| Earnings From Continuing Operations | 930.00M | 990.00M | 1.82B | 992.00M | 856.00M | 702.30M |
| Earnings From Discontinued Operations | 1.53B | 147.00M | 180.00M | 178.00M | 11.00M | 500.00K |
| Net Income to Company | 2.46B | 1.14B | 2.00B | 1.17B | 867.00M | 702.80M |
| Minority Interest in Earnings | -1.00M | -1.00M | -300.00K | |||
| Net Income | 2.46B | 1.14B | 2.00B | 1.17B | 867.00M | 702.50M |
| Preferred Dividends & Other Adjustments | 200.00K | |||||
| Net Income to Common | 2.46B | 1.14B | 2.00B | 1.17B | 867.00M | 702.30M |
| Shares Outstanding (Basic) | 60.30M | 60.50M | 61.40M | 61.90M | 62.30M | 62.40M |
| Shares Outstanding (Diluted) | 60.40M | 60.60M | 61.60M | 62.10M | 62.50M | 62.60M |
| EPS (Basic) | 40.75 | 18.79 | 32.49 | 18.89 | 13.92 | 11.25 |
| EPS (Diluted) | 40.67 | 18.77 | 32.42 | 18.83 | 13.88 | 11.22 |
| Free Cash Flow | 810.00M | 978.00M | 604.00M | 878.00M | 509.00M | 714.60M |
| Free Cash Flow Per Share | 13.41 | 16.14 | 9.80 | 14.14 | 8.14 | 11.41 |
| Dividend Per Share | 3.32 | 3.24 | 3.06 | 2.80 | 2.54 | 2.36 |
| Gross Margin | 28.23% | 30.80% | 29.25% | 29.82% | 23.10% | 24.91% |
| Operating Margin | 21.52% | 23.94% | 22.18% | 22.87% | 17.64% | 19.06% |
| Profit Margin | 36.74% | 18.49% | 35.23% | 19.98% | 14.07% | 12.97% |
| Free Cash Flow Margin | 12.11% | 15.90% | 10.67% | 15.01% | 8.26% | 13.20% |
| EBITDA | 2.13B | 2.11B | 1.83B | 1.85B | 1.59B | 1.48B |
| EBITDA Margin | 31.79% | 34.29% | 32.30% | 31.64% | 25.86% | 27.40% |
| D&A For EBITDA | 687.00M | 637.00M | 573.00M | 513.00M | 506.00M | 451.70M |
| EBIT | 1.44B | 1.47B | 1.26B | 1.34B | 1.09B | 1.03B |
| EBIT Margin | 21.52% | 23.94% | 22.18% | 22.87% | 17.64% | 19.06% |
| Effective Tax Rate | 20.24% | 19.25% | 23.25% | 19.09% | 21.54% | 17.91% |
Balance sheet
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 112.00M | 67.00M | 670.00M | 1.27B | 358.00M | 258.40M |
| Cash & Short-Term Investments | 112.00M | 67.00M | 670.00M | 1.27B | 358.00M | 258.40M |
| Accounts Receivable | 1.02B | 708.00M | 670.00M | 735.00M | 783.40M | 772.20M |
| Other Receivables | 15.00M | 8.00M | 18.00M | 15.90M | 12.30M | |
| Receivables | 1.02B | 723.00M | 678.00M | 753.00M | 799.30M | 784.50M |
| Inventory | 1.17B | 1.08B | 1.02B | 989.00M | 873.70M | 752.60M |
| Restricted Cash | 8.00M | 10.00M | 800.00K | 500.00K | ||
| Other Current Assets | 137.00M | 1.32B | 83.00M | 895.00M | 845.10M | 229.60M |
| Total Current Assets | 2.45B | 3.19B | 2.45B | 3.92B | 2.88B | 2.03B |
| Property, Plant & Equipment | 13.48B | 10.66B | 10.03B | 6.56B | 6.70B | 6.76B |
| Goodwill | 3.96B | 3.61B | 3.39B | 3.39B | 3.65B | 3.49B |
| Other Intangible Assets | 565.00M | 459.00M | 477.00M | 698.00M | 847.80M | 1.06B |
| Other Long-Term Assets | 853.00M | 788.00M | 1.82B | 561.00M | 919.20M | 1.04B |
| Total Assets | 21.30B | 18.71B | 18.17B | 15.12B | 14.99B | 14.39B |
| Accounts Payable | 349.00M | 389.00M | 375.00M | 343.00M | 385.00M | 356.20M |
| Accrued Expenses | 71.00M | 146.00M | 118.00M | 190.00M | 114.40M | 134.60M |
| Current Portion of Long-Term Debt | 860.00M | 30.00M | 125.00M | 400.00M | 699.10M | |
| Current Portion of Leases | 70.00M | 77.00M | 68.00M | 73.00M | 69.90M | 67.20M |
| Current Income Taxes Payable | 50.00M | 5.00M | 102.00M | 6.00M | 55.40M | 58.40M |
| Other Current Liabilities | 339.00M | 248.00M | 214.00M | 158.00M | 121.80M | 136.20M |
| Total Current Liabilities | 1.74B | 895.00M | 1.00B | 1.17B | 1.45B | 752.60M |
| Long-Term Debt | 5.09B | 5.29B | 5.29B | 3.95B | 4.34B | 5.10B |
| Long-Term Leases | 324.00M | 607.00M | 517.00M | 507.00M | 518.00M | 570.50M |
| Long-Term Deferred Tax Liabilities | 1.64B | 1.27B | 1.17B | 874.00M | 914.30M | 895.30M |
| Other Long-Term Liabilities | 962.00M | 616.00M | 738.00M | 592.00M | 602.00M | 536.20M |
| Total Liabilities | 9.76B | 8.68B | 8.71B | 7.09B | 7.82B | 7.86B |
| Common Stock | 1.00M | 1.00M | 1.00M | 1.00M | 600.00K | 600.00K |
| Additional Paid-In Capital | 3.59B | 3.57B | 3.55B | 3.52B | 3.49B | 3.47B |
| Retained Earnings | 7.86B | 6.40B | 5.92B | 4.56B | 3.72B | 3.16B |
| Comprehensive Income & Other | 94.00M | 60.00M | -13.00M | -49.00M | -38.50M | -97.60M |
| Total Common Equity | 11.55B | 10.03B | 9.45B | 8.03B | 7.17B | 6.54B |
| Minority Interest | 2.00M | 2.00M | 3.00M | 2.00M | 2.30M | 2.30M |
| Shareholders' Equity | 11.55B | 10.03B | 9.46B | 8.04B | 7.17B | 6.54B |
| Total Liabilities & Equity | 21.30B | 18.71B | 18.17B | 15.12B | 14.99B | 14.39B |
| Total Debt | 6.34B | 6.01B | 6.00B | 4.93B | 5.63B | 5.74B |
| Net Cash (Debt) | -6.23B | -5.94B | -5.33B | -3.65B | -5.27B | -5.48B |
| Net Cash Per Share | -103.20 | -98.02 | -86.49 | -58.84 | -84.32 | -87.54 |
| Filing Date Shares Outstanding | 60.07M | 60.31M | 60.97M | 61.82M | 62.10M | 62.39M |
| Total Common Shares Outstanding | 60.05M | 60.31M | 61.13M | 61.82M | 62.10M | 62.40M |
| Working Capital | 707.00M | 2.30B | 1.45B | 2.75B | 1.43B | 1.27B |
| Book Value Per Share | 192.27 | 166.34 | 154.65 | 129.95 | 115.47 | 104.73 |
| Tangible Book Value | 7.02B | 5.96B | 5.58B | 3.95B | 2.67B | 1.98B |
| Tangible Book Value Per Share | 116.93 | 98.81 | 91.33 | 63.85 | 43.05 | 31.67 |
| Land | 1.93B | 1.79B | 1.60B | 1.52B | 1.53B | |
| Buildings | 193.00M | 160.00M | 160.00M | 164.10M | 169.60M | |
| Machinery | 5.99B | 5.45B | 5.38B | 5.48B | 5.36B | |
| Construction In Progress | 319.00M | 286.00M | 333.00M | 338.50M | 162.20M |
Cash flow statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Net Income | 2.46B | 1.14B | 2.00B | 1.17B | 867.00M | 702.50M |
| Depreciation & Amortization | 687.00M | 637.00M | 573.00M | 513.00M | 506.00M | 451.70M |
| Loss (Gain) From Sale of Assets | -25.00M | -25.00M | -1.37B | -2.00M | -196.00M | -21.70M |
| Asset Writedown & Restructuring Costs | 21.00M | 21.00M | 50.00M | |||
| Stock-Based Compensation | 50.00M | 46.00M | 58.00M | 50.00M | 43.00M | 43.00M |
| Other Operating Activities | 326.00M | 61.00M | -59.00M | -51.00M | -13.00M | 77.60M |
| Change in Accounts Receivable | -94.00M | -51.00M | 81.00M | 31.00M | -12.00M | -194.40M |
| Change in Inventory | 73.00M | -30.00M | -52.00M | -189.00M | -132.00M | 73.20M |
| Change in Accounts Payable | 28.00M | 21.00M | 17.00M | -17.00M | -31.00M | 109.80M |
| Change in Other Net Operating Assets | -42.00M | -32.00M | 165.00M | 24.00M | -41.00M | -104.00M |
| Operating Cash Flow | 1.52B | 1.78B | 1.46B | 1.53B | 991.00M | 1.14B |
| Capital Expenditures | -709.00M | -807.00M | -855.00M | -650.00M | -482.00M | -423.10M |
| Cash Acquisitions | -1.42B | -685.00M | -3.64B | 11.00M | -3.11B | |
| Divestitures | 489.00M | 38.00M | 2.16B | 427.00M | 687.00M | 42.80M |
| Investment in Securities | -84.00M | -128.00M | -117.00M | -27.00M | ||
| Other Investing Activities | 18.00M | -6.00M | 10.00M | 709.00M | -700.00M | 14.90M |
| Investing Cash Flow | -1.70B | -1.59B | -2.44B | 459.00M | -484.00M | -3.47B |
| Long-Term Debt Issued | 640.00M | 2.76B | 2.90B | |||
| Total Debt Issued | 1.73B | 640.00M | 2.76B | 2.90B | ||
| Long-Term Debt Repaid | -758.00M | -1.71B | -717.00M | -69.00M | -431.20M | |
| Total Debt Repaid | -1.22B | -758.00M | -1.71B | -717.00M | -69.00M | -431.20M |
| Net Debt Issued (Repaid) | 509.00M | -118.00M | 1.05B | -717.00M | -69.00M | 2.47B |
| Issuance of Common Stock | 1.30M | |||||
| Repurchase of Common Stock | -229.00M | -481.00M | -482.00M | -172.00M | -179.00M | -19.50M |
| Common Dividends Paid | -202.00M | -197.00M | -189.00M | -174.00M | -160.00M | -147.80M |
| Other Financing Activities | -9.00M | -4.00M | -4.00M | -1.00M | 1.00M | -8.10M |
| Financing Cash Flow | 69.00M | -800.00M | 373.00M | -1.06B | -407.00M | 2.29B |
| Net Cash Flow | -116.00M | -603.00M | -612.00M | 923.00M | 100.00M | -45.50M |
| Free Cash Flow | 810.00M | 978.00M | 604.00M | 878.00M | 509.00M | 714.60M |
| Free Cash Flow Margin | 12.11% | 15.90% | 10.67% | 15.01% | 8.26% | 13.20% |
| Free Cash Flow Per Share | 13.41 | 16.14 | 9.80 | 14.14 | 8.14 | 11.41 |
| Levered Free Cash Flow | 593.38M | -715.75M | 1.44B | 538.42M | -119.75M | 559.15M |
| Unlevered Free Cash Flow | 738.38M | -572.00M | 1.54B | 641.55M | -14.12M | 648.34M |
| Cash Interest Paid | 224.00M | 229.00M | 158.00M | 159.00M | 165.00M | 104.90M |
| Cash Income Tax Paid | 456.00M | 192.00M | 382.00M | 292.00M | 201.00M | 102.90M |
| Change in Working Capital | -35.00M | -92.00M | 211.00M | -151.00M | -216.00M | -115.40M |
Ratios
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 39.22B | 37.55B | 31.57B | 30.84B | 20.98B | 27.48B |
| Enterprise Value | 45.45B | 43.40B | 35.82B | 34.92B | 26.29B | 30.64B |
| Last Close Price | 552.22 | 620.00 | 511.34 | 491.28 | 330.57 | 427.83 |
| PE Ratio | 13.58 | 33.03 | 15.82 | 26.38 | 24.20 | 39.13 |
| Forward PE | 30.66 | 30.39 | 26.11 | 24.45 | 23.74 | 31.66 |
| PS Ratio | 5.86 | 6.11 | 5.58 | 5.27 | 3.41 | 5.08 |
| PB Ratio | 2.87 | 3.74 | 3.34 | 3.84 | 2.93 | 4.20 |
| P/TBV Ratio | 5.59 | 6.30 | 5.65 | 7.81 | 7.85 | 13.91 |
| P/FCF Ratio | 48.42 | 38.40 | 52.26 | 35.12 | 41.23 | 38.46 |
| P/OCF Ratio | 25.82 | 21.04 | 21.64 | 20.18 | 21.18 | 24.15 |
| PEG Ratio | 3.44 | 4.47 | 3.11 | 1.13 | 1.52 | 1.51 |
| EV/Sales Ratio | 6.80 | 7.06 | 6.33 | 5.97 | 4.27 | 5.66 |
| EV/EBITDA Ratio | 21.38 | 20.58 | 19.58 | 18.86 | 16.50 | 20.66 |
| EV/EBIT Ratio | 31.59 | 29.48 | 28.52 | 26.10 | 24.19 | 29.70 |
| EV/FCF Ratio | 56.11 | 44.38 | 59.30 | 39.77 | 51.66 | 42.88 |
| Debt / Equity Ratio | 0.55 | 0.60 | 0.63 | 0.61 | 0.79 | 0.88 |
| Debt / EBITDA Ratio | 2.78 | 2.66 | 3.06 | 2.48 | 3.26 | 3.57 |
| Debt / FCF Ratio | 7.83 | 6.14 | 9.93 | 5.61 | 11.06 | 8.03 |
| Net Debt / Equity Ratio | 0.54 | 0.59 | 0.56 | 0.46 | 0.73 | 0.84 |
| Net Debt / EBITDA Ratio | 2.93 | 2.82 | 2.91 | 1.97 | 3.31 | 3.69 |
| Net Debt / FCF Ratio | 7.70 | 6.07 | 8.82 | 4.16 | 10.35 | 7.67 |
| Asset Turnover | 0.34 | 0.33 | 0.34 | 0.39 | 0.42 | 0.43 |
| Inventory Turnover | 4.13 | 4.06 | 3.99 | 4.41 | 5.83 | 5.56 |
| Quick Ratio | 0.65 | 0.88 | 1.34 | 1.73 | 0.80 | 1.39 |
| Current Ratio | 1.41 | 3.57 | 2.44 | 3.35 | 1.99 | 2.69 |
| Return on Equity (ROE) | 8.89% | 10.16% | 20.76% | 13.05% | 12.49% | 11.30% |
| Return on Assets (ROA) | 4.57% | 4.99% | 4.71% | 5.55% | 4.62% | 5.17% |
| Return on Invested Capital (ROIC) | 6.65% | 7.73% | 7.28% | 8.97% | 6.97% | 8.14% |
| Return on Capital Employed (ROCE) | 7.40% | 8.30% | 7.30% | 9.60% | 8.00% | 7.60% |
| Earnings Yield | 7.37% | 3.03% | 6.32% | 3.79% | 4.13% | 2.56% |
| FCF Yield | 2.07% | 2.60% | 1.91% | 2.85% | 2.43% | 2.60% |
| Dividend Yield | 0.61% | 0.52% | 0.59% | 0.56% | 0.75% | 0.54% |
| Payout Ratio | 8.26% | 17.33% | 9.47% | 14.89% | 18.45% | 21.04% |
| Buyback Yield / Dilution | 1.10% | 1.62% | 0.80% | 0.64% | 0.16% | -0.32% |
| Total Shareholder Return | 1.71% | 2.14% | 1.40% | 1.20% | 0.91% | 0.21% |