— Know what they know.
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Not Investment Advice

MLM

NYSE · USD
Martin Marietta Materials, Inc.
Basic Materials · Construction Materials
CEO C. Howard Nye Employees 9,600 R&D / revenue 0.0%
Last price
$500.84+1.96%last session
Market cap
$30.1B
P/E (TTM)
12.3x
From 52w high
−29.6%
From 52w low
+7.7%
1-year return
−19.6%
RSI 14 · vs SMA200
55.7 · −13.9%
IS score
55.6/ 100
Factor model across 8 sub-scores, ranked against 3,010 US stocks. Describes the business, not the outlook.
Download full factsheet (PDF)

One year, rebased to 100

MLM   SPY   XLB (sector ETF) · weekly closes
8090100110120Jan 26Apr 26Jul 26Oct 26XLB 118SPY 116MLM 80

Score DNA

Each bar is a 0-100 score within the scored universe
61
Profitability
58
Growth
69
Value
65
Momentum
80
Risk (safety)
63
Quality
56
Balance sheet
57
Earnings quality

Flags

Strengths
✓ Congress buying
Warnings
None of the computed warning flags fires for MLM (Altman, Beneish, accruals, FCF, dilution).
Observations
Moat model: Weak, Efficient ScalePiotroski 5 / 9Altman Z 3.2Beta 1.103 of 4 smart-money sources active

Smart-money strip

Each disclosure source on its own window. Filings coinciding is not coordination.
INSForm 4 · 180 days
Insider open-market buys
0
No open-market sales on file
No Form 144 notices in 12 months
CONGSTOCK Act · 180 days
Congressional purchases
16
Last disclosed purchase 2026-09-25
Members disclose in ranges, 30-45 days after the trade
13F13F · quarter to 2026-06-30
Net change in institutional holders
+4
111 new holders, 98 closed
1,081 filers hold 99.6% · 364 added, 396 trimmed
ETFETF holdings · 30 days
Net funds accumulating
+290
970 funds adding shares
680 funds trimming · counts of funds, not dollars
DARKFINRA · daily
Short-sale share of off-exchange volume
61.5%
20-day avg 52.0%, 50-day avg 56.0%
Latest 9.5 pp over its 20-day average · a flow, not short interest

Key financials · FY2025

USD, fiscal year. Stock-based compensation is non-cash; shown against FCF.
Income statement
Revenue$6.5B
Revenue growth YoY+0.1%
Gross margin30.0%
Operating income$1.5B
Operating margin23.3%
Net income$1.1B
Net margin17.4%
EPS (diluted)$18.80
Cash flow
Operating cash flow$1.8B
Capital expenditure$807.0M
Free cash flow$978.0M
FCF conversion (FCF / OCF)54.8%
Stock-based compensation$46.0M
FCF less SBC$932.0M
Buybacks$450.0M
Dividends$197.0M
Balance sheet & returns
Cash & short-term investments$67.0M
Total debt$5.3B
Net debt$5.3B
Shareholders' equity$10.0B
Goodwill & intangibles$4.1B
Debt / equity0.52
ROE (TTM)23.1%
ROIC (TTM)5.5%
Operating margin by fiscal year
18.0%FY202119.6%FY202223.6%FY202341.4%FY202423.3%FY2025
Revenue $5.4B (FY2021) to $6.5B (FY2025), a 4.9% CAGR.

Valuation

P/E (TTM)12.3x
EV / EBITDA17.2x
Price / sales4.50x
Price / FCF37.1x
FCF yield2.69%
Buyback yield1.50%
SBC / revenue0.7%
Price / book2.61x
Forward P/E FY202628.4x
Forward P/E FY202723.7x
Forward P/E FY202820.3x
Forward multiples divide today's price by Street EPS estimates. Street mean target $628.47 across 15 analysts last quarter is theirs, not ours.

MLM vs industry median

94 companies in Construction Materials
Gross margin 28.2% 29.0% Operating margin 21.1% 10.9% Net margin 36.8% 6.4% ROIC 5.5% 7.8%
MLM (TTM)Industry median Asset turnover 0.31 vs industry 0.72 · financial leverage 1.84

Earnings delivery

Next report 2026-11-03 · consensus EPS $6.17
67%
beat rate, 8 of 12 quarters
+3.0%
median EPS surprise
4
longest beat streak
+15+15+16+4-11-6+4+1+2-11-19+8
EPS surprise in % vs the consensus at the time, oldest (left) to newest, 2023-07-27 to 2026-04-30. Bars cap at ±60%.

Peers

Market-cap band, not the industry cohort above
CompanyMkt capP/EROENet marginRev growth12m return
MLM Martin Marietta Materials, I $30.1B12.3x23.1%36.8%+0.1% −19.6%
VMC Vulcan Materials Company $33.4B30.3x13.3%15.0%+6.8% −12.9%
AMRZ Amrize AG $20.7B24.5x9.5%13.7%+278.4% −21.7%
CRH CRH plc $55.6B14.6x25.2%13.8%+76.0% −28.2%
JHX James Hardie Industries plc $15.0B101.9x3.3%7.1%+42.9% +19.0%
CX CEMEX, S.A.B. de C.V. $14.9B30.9x3.7%7.5%+8.5% —
MAS Masco Corporation $14.4B16.8x-393.3%16.0%−0.6% —
CSL Carlisle Companies Incorpora $13.3B19.1x38.8%16.3%+1.9% —
12-month window: SPY +15.9%, sector ETF XLB +17.8%. Past returns describe history only.

Recent 8-K filings

2026-09-16Material Agreement; Exhibits
2026-08-24Material Agreement; Acquisition/Disposition; Unregistered Equity Sales; Officer/Director Change; Regulation FD; Exhibits
2026-08-18Material Agreement; Termination of Agreement; Financial Obligation; Exhibits
2026-08-14Material Agreement; Financial Obligation; Other Events; Exhibits
2026-08-12Material Agreement; Regulation FD; Exhibits
2026-08-10Other Events; Exhibits

Context

Shares outstanding60,065,800
Free float99.2%
Institutional ownership99.6%
Beta1.10
Dividend yield0.66%
Last dividend$0.84 on 2026-09-01
50 / 200-day average$508.24 / $582.56
Large-cap Basic Materials median P/E30.3x

Full factsheet

The PDF carries everything on this page plus the cash-allocation waterfall, Form 144 notices, 13F holder detail, dark-pool and short-flow history, seasonality and the moat assessment (Weak).

Read it in the browser Download (PDF)

All fundamentals · 140 measures in 13 categories

Percentile = where MLM sits among 31 scored companies in Construction Materials (0 = lowest value, 100 = highest). It is a position, not a grade.
ValuationProfitability (TTM)Returns on capitalGrowthMargin history & stabilityLiquidity (latest quarter)Leverage & solvency (latest quarter)EfficiencyCash flow & earnings qualityDividends & buybacksScores & forensic checksPer shareSize (TTM)

Valuation

MeasureMLMIndustry medianIndustry percentileSector median
P/E (TTM) 12.2x 19.9x
3rd		 19.5x
PEG (P/E ÷ 3-yr EPS CAGR) 0.31 0.95
0th		 0.89
Price / sales 4.5x 1.9x
97th		 1.9x
Price / book 2.6x 2.4x
59th		 2.3x
Price / tangible book 4.9x 5.4x
39th		 3.3x
Price / free cash flow 37.1x 17.6x
83rd		 16.3x
Price / operating cash flow 19.8x 10.6x
83rd		 9.6x
Enterprise value $35.9B $7.4B
90th		 $5.4B
EV / sales 5.4x 2.3x
97th		 2.0x
EV / EBITDA 17.2x 11.6x
87th		 10.8x
EV / EBIT 25.7x 15.6x
83rd		 14.7x
EV / free cash flow 44.3x 21.9x
87th		 21.6x
Earnings yield 8.2% 4.9%
97th		 3.9%
FCF yield 2.7% 5.7%
17th		 4.3%
Operating cash flow yield 5.0% 9.5%
17th		 9.8%
Graham number (per share) $420.14 $42.52
100th		 $36.55

Profitability (TTM)

MeasureMLMIndustry medianIndustry percentileSector median
Gross margin 28.2% 35.0%
34th		 32.1%
EBITDA margin 31.2% 20.2%
87th		 19.0%
Operating margin 21.1% 15.4%
87th		 13.8%
EBIT margin 20.9% 15.1%
83rd		 12.3%
Net margin 36.8% 10.4%
100th		 6.8%
NOPAT margin 16.8% 11.4%
87th		 10.1%
FCF margin 12.1% 9.1%
63rd		 6.4%
Operating cash flow margin 22.7% 17.1%
80th		 15.6%
R&D / revenue 0.0% 0.0%
0th		 0.0%
SG&A / revenue 6.8% 15.3%
10th		 9.4%
Stock comp / revenue 0.7% 0.7%
54th		 0.4%
Effective tax rate 20.3% 23.8%
17th		 22.5%

Returns on capital

MeasureMLMIndustry medianIndustry percentileSector median
ROE (on average equity) 23.5% 15.3%
76th		 12.1%
ROA 12.5% 8.7%
90th		 5.0%
ROIC 6.5% 11.5%
27th		 9.8%
ROCE 7.1% 12.2%
27th		 9.7%
Return on tangible assets 7.1% 11.0%
30th		 8.5%
Cash ROIC (OCF / invested capital) 8.7% 15.1%
7th		 14.9%
Gross profitability (GP / assets) 8.9% 24.0%
0th		 17.5%
ROIC, 3-yr average 8.6% 8.5%
52nd		 6.5%
ROIC, 5-yr average 9.5% 11.5%
36th		 8.1%
ROE, 5-yr average 16.1% 18.1%
40th		 9.1%
Incremental ROIC 10.6% 30.3%
36th		 28.3%

Growth

MeasureMLMIndustry medianIndustry percentileSector median
Revenue growth (TTM YoY) 0.1% 7.0%
17th		 9.7%
Revenue growth (QoQ) 43.0% 17.5%
80th		 9.5%
Revenue CAGR, 3 yr 1.2% 2.7%
37th		 2.3%
Revenue CAGR, 5 yr 6.6% 6.8%
46th		 7.3%
Gross profit CAGR, 3 yr 3.5% 3.9%
44th		 5.4%
Operating income CAGR, 3 yr 2.1% 2.2%
48th		 7.8%
Net income growth (TTM YoY) 123.6% 8.6%
89th		 45.4%
Net income CAGR, 3 yr 37.5% 3.6%
96th		 7.3%
EPS growth (TTM YoY) 124.4% 16.9%
85th		 44.1%
EPS CAGR, 3 yr 38.9% 8.7%
92nd		 8.0%
EPS CAGR, 5 yr 27.2% 14.0%
87th		 11.5%
FCF growth (TTM YoY) -15.9% 8.9%
30th		 19.4%
FCF CAGR, 3 yr 6.5% 5.2%
52nd		 3.8%
Operating cash flow CAGR, 3 yr 7.5% 5.9%
56th		 7.7%
Book value CAGR, 3 yr 17.1% 11.5%
65th		 6.5%
Dividend CAGR, 3 yr 2.4% 3.4%
22nd		 2.6%
Sustainable growth rate 21.6% 14.4%
82nd		 13.5%

Margin history & stability

MeasureMLMIndustry medianIndustry percentileSector median
Gross margin, 3-yr average 29.0% 35.6%
30th		 29.8%
Operating margin, 3-yr average 28.6% 14.8%
96th		 12.0%
Net margin, 3-yr average 28.0% 9.1%
96th		 6.3%
FCF margin, 3-yr average 11.3% 9.3%
63rd		 7.1%
Revenue stability (0-1) 0.76 0.71
63rd		 0.60
Earnings stability (0-1) 0.61 0.42
74th		 0.41
Margin stability (0-1) 0.95 0.93
74th		 0.83

Liquidity (latest quarter)

MeasureMLMIndustry medianIndustry percentileSector median
Cash & short-term investments $112.0M $162.3M
43rd		 $245.7M
Net cash (− = net debt) −$5.8B −$1.2B
13th		 −$465.1M
Working capital $699.0M $474.0M
70th		 $531.5M
Current ratio 1.40 1.86
17th		 2.08
Quick ratio 0.73 1.21
13th		 1.42
Cash ratio (cash + ST investments / current liabilities) 0.06 0.23
10th		 0.45
Defensive interval (days) 866 days 488 days
83rd		 773 days

Leverage & solvency (latest quarter)

MeasureMLMIndustry medianIndustry percentileSector median
Total debt $6.0B $1.4B
87th		 $807.4M
Debt / equity 0.52 0.62
34th		 0.50
Net debt / equity 0.51 0.56
45th		 0.30
Debt / assets 27.9% 28.9%
47th		 24.4%
Debt / capital 34.0% 38.1%
34th		 33.5%
Debt / EBITDA 2.86 2.31
77th		 1.80
Net debt / EBITDA 2.80 1.83
77th		 1.17
Interest coverage (EBIT / interest) 6.0x 7.1x
46th		 6.7x
Cash interest coverage 6.6x 6.6x
46th		 7.7x
Debt payback (years of OCF) 3.9 yrs 2.8 yrs
70th		 2.6 yrs
Liabilities / assets 45.8% 54.6%
27th		 47.8%
IS credit model rating A- — —
Implied credit spread (bps) 175 150
63rd		 162

Efficiency

MeasureMLMIndustry medianIndustry percentileSector median
Asset turnover 0.34 0.76
0th		 0.66
Fixed asset turnover 0.50 2.29
0th		 1.53
Inventory turnover 4.1 5.6
17th		 4.9
Receivables turnover 7.0 6.5
53rd		 8.7
Days sales outstanding 52 days 56 days
47th		 42 days
Days inventory outstanding 88 days 65 days
83rd		 74 days
Days payables outstanding 13 days 40 days
3rd		 49 days
Cash conversion cycle (days) 128 days 78 days
90th		 61 days
Capex / revenue 10.6% 5.4%
83rd		 7.8%
Capex / depreciation 1.03 0.91
63rd		 1.09
Operating expense ratio 6.0% 17.2%
3rd		 11.3%

Cash flow & earnings quality

MeasureMLMIndustry medianIndustry percentileSector median
Operating cash flow / net income 0.62 1.79
0th		 1.55
FCF / net income 0.33 1.21
7th		 0.89
FCF / operating cash flow 53.3% 62.9%
27th		 52.6%
Capex / operating cash flow 46.7% 37.1%
73rd		 47.0%
Accruals ratio 4.8% -5.4%
100th		 -5.6%
Sloan accruals ratio -6.9% -4.3%
30th		 -3.6%
Earnings quality score (0-1) 0.50 0.75
0th		 0.75

Dividends & buybacks

MeasureMLMIndustry medianIndustry percentileSector median
Dividend yield 0.7% 0.7%
47th		 0.9%
Dividend per share (TTM) $3.33 $0.55
97th		 $0.40
Payout ratio (dividends / net income) 8.2% 10.6%
45th		 18.3%
Dividends / FCF 24.9% 10.4%
80th		 17.9%
Dividend growth (YoY) 4.5% 6.5%
28th		 4.2%
Buyback yield 0.6% 1.4%
33rd		 0.2%
Shareholder yield (dividends + buybacks) 1.3% 2.9%
30th		 2.3%
Share count change (YoY) -0.3% -1.6%
73rd		 0.0%
Buybacks, last 5 years $1.8B $199.8M
77th		 $35.6M

Scores & forensic checks

MeasureMLMIndustry medianIndustry percentileSector median
IS score 56 61
37th		 57
IS profitability 61 50
73rd		 44
IS growth 58 55
63rd		 59
IS value 69 53
83rd		 54
IS momentum 65 76
23rd		 78
IS risk (safety) 80 80
37th		 80
IS quality 63 70
23rd		 70
IS balance sheet 56 58
43rd		 65
IS earnings quality 57 71
20th		 71
IS cash flow 35 60
13th		 49
Piotroski F-score (0-9) 5 6
10th		 6
Altman Z-score 3.2 3.5
43rd		 3.1
Beneish M-score −2.06 −2.54
90th		 −2.55
Ohlson O-score −8.99 −7.74
10th		 −8.14
IS credit score 68 74
33rd		 70

Per share

MeasureMLMIndustry medianIndustry percentileSector median
EPS, diluted (TTM) $40.90 $3.31
100th		 $1.57
Book value per share $191.83 $24.18
100th		 $16.95
Tangible book per share $116.87 $3.80
100th		 $8.43
Revenue per share $111.11 $48.62
87th		 $31.21
FCF per share $13.46 $4.20
97th		 $1.99
Operating cash flow per share $25.23 $6.94
100th		 $4.23
Cash per share $1.86 $1.86
50th		 $2.16

Size (TTM)

MeasureMLMIndustry medianIndustry percentileSector median
Market cap $30.1B $5.9B
90th		 $4.7B
Revenue $6.7B $2.5B
73rd		 $2.5B
EBITDA $2.1B $553.1M
83rd		 $488.0M
Net income $2.5B $177.4M
93rd		 $137.1M
Free cash flow $810.0M $287.8M
77th		 $142.7M
Total assets $21.3B $3.9B
87th		 $3.8B
Shareholders' equity $11.5B $1.6B
87th		 $1.6B
Employees 9,600 5,900
67th		 4,067

Insider transactions, last 6 months

Form 4 · most recent 12
DateInsiderTypeSharesPriceValueOwned after
2026-09-01Petro Michael J
SVP and CFO
 Award / grant 9,331——24,322
2026-08-31Wajsgras David C
Director
 Award / grant 78$518.70$40,4595,106
2026-08-31Pike Thomas
Director
 Award / grant 66$518.70$34,2345,029
2026-08-31Lyons Martin J
Director
 Award / grant 68$518.70$35,272442
2026-08-21Niemann Philipp
Director
 Award / grant 337——337
2026-08-03Petro Michael J
SVP and CFO
 Tax withholding 368$542.27$199,55514,991
2026-05-29Wajsgras David C
Director
 Award / grant 69$581.64$40,1335,028
2026-05-29Pike Thomas
Director
 Award / grant 59$581.64$34,3174,963
2026-05-29Lyons Martin J
Director
 Award / grant 61$581.64$35,480374
2026-05-14Wajsgras David C
Director
 Award / grant 313——4,959
2026-05-14Slager Donald W
Director
 Award / grant 313——5,064
2026-05-14Pike Thomas
Director
 Award / grant 313——4,904

Shares acquired vs disposed, by month

acquired disposed · all Form 4 types
MarMayAugSep

By transaction type, 6 months

TypeDirectionFilingsSharesValue
Award / grantAcquired1820,987$219,894
Tax withholdingDisposed1368$199,555
—Disposed50—
Awards, option exercises and tax withholding are compensation mechanics; open-market buys and sales are the discretionary ones.

Form 144 notices

FiledFilerShares proposedEst. proceeds
2025-08-08Perez Laree E1,038$623,111
2025-02-26Mccunniff Donald A.1,332$653,066
2024-03-19Mohr John P3,335$2.0M
2024-03-14Bar Roselyn R10,000$6.0M
A Form 144 is notice of a proposed sale, not a confirmed one.

Congress trades

12 months: House 33 trades (22 purchases) · Senate 0 (0 purchases)
TradedMemberChamberTypeAmountDisclosed
2026-09-25Ro KhannaHousePurchase$1,001 - $15,0002026-10-09
2026-09-11Ro KhannaHousePurchase$1,001 - $15,0002026-10-09
2026-08-25April DelaneyHouseSale$250,001 - $500,0002026-09-10
2026-08-25April McClain DelaneyHouseSale$250,001 - $500,0002026-09-10
2022-11-30Dan SullivanSenateSale$1,001 - $15,0002023-07-26
2022-11-30Dan SullivanSenateSale (Full)$1,001 - $15,0002023-07-25
2022-11-30Daniel Scott SullivanSenateSale (Full)$1,001 - $15,0002023-07-25
2022-11-30Dan SullivanSenateSale (Full)$1,001 - $15,0002022-12-21
STOCK Act disclosures, in ranges, filed up to 45 days after the trade.

Largest 13F holders

Quarter to 2026-06-30, the latest most managers have filed
ManagerSharesValue% of shares out
BlackRock, Inc.4,692,446$2.7B7.81%
VANGUARD CAPITAL MANAGEMENT LLC3,929,705$2.3B6.54%
VANGUARD PORTFOLIO MANAGEMENT LLC3,197,395$1.8B5.32%
STATE STREET CORP3,159,639$1.8B5.26%
BANK OF AMERICA CORP /DE/2,446,762$1.4B4.07%
FMR LLC2,192,603$1.3B3.65%
PRINCIPAL FINANCIAL GROUP INC2,116,369$1.2B3.52%
Aristotle Capital Management, LLC1,831,597$1.1B3.05%
VICTORY CAPITAL MANAGEMENT INC1,783,432$1.0B2.97%
GEODE CAPITAL MANAGEMENT, LLC1,601,490$919.9M2.67%
PRICE T ROWE ASSOCIATES INC /MD/1,599,324$922.3M2.66%
JPMORGAN CHASE & CO1,329,463$772.7M2.21%
TCI Fund Management Ltd1,315,109$758.4M2.19%
GOLDMAN SACHS GROUP INC1,163,330$670.9M1.94%
BAILLIE GIFFORD & CO991,786$572.0M1.65%

Institutional ownership by quarter

2023-092026-0699.6%
% of shares held by 13F filers
2023-092026-061,081
Number of 13F filers holding

Holder changes by quarter

QuarterHoldersOwnershipNewIncreasedReducedClosed
2026-06-301,08199.6%11136439698
2026-03-311,07797.2%102372377131
2025-12-311,12099.1%15636335369
2025-09-301,05396.9%13236634567
2025-06-301,00399.3%13237932374
2025-03-3195699.3%111355325138
2024-12-3199698.5%15635432988
2024-09-30948100.2%9336631981
2024-06-3094399.2%8733333799
2024-03-3196499.2%14130635359
2023-12-3189097.8%14232529558
2023-09-3081797.7%9627629166

Schedule 13D / 13G filers

FiledFormFiler% of classShares
2026-08-24SCHEDULE 13DLNA Holding SRL15.4%10,953,543
2026-08-24SCHEDULE 13DGPI SA15.4%10,953,543
2026-08-07SCHEDULE 13GSTATE STREET CORPORATION5.2%3,162,829
2026-04-30SCHEDULE 13GVanguard Capital Management7.5%4,505,369
Required above 5% of a class; 13G is the passive form.

ETFs with the largest holding

ETFWeight in fundHolding value
VITSX0.04%$920.7M
VTI0.04%$920.7M
VSMPX0.04%$920.7M
VTSAX0.04%$920.7M
VOO0.04%$756.9M
VFIAX0.04%$756.9M

Share structure

Shares outstanding60,065,800
Float59,614,345
Free float99.2%

Income statement

Fiscal years, USD
FY2021FY2022FY2023FY2024FY2025
Revenue$5.4B$6.2B$6.8B$6.5B$6.5B
Cost of revenue$4.1B$4.7B$4.8B$4.7B$4.6B
Gross profit$1.3B$1.4B$2.0B$1.9B$2.0B
R&D$0$0$0$0$0
SG&A$351.0M$397.0M$443.0M$447.0M$443.0M
Operating income$973.8M$1.2B$1.6B$2.7B$1.5B
EBITDA$1.4B$1.8B$2.2B$3.3B$2.2B
Pretax income$855.5M$1.1B$1.5B$2.6B$1.3B
Income tax$153.2M$235.0M$293.0M$600.0M$250.0M
Net income$702.5M$867.0M$1.2B$2.0B$1.1B
EPS, diluted$11.22$13.87$18.82$32.41$18.80
Diluted shares62.6M62.5M62.1M61.6M60.5M

Balance sheet

FY2021FY2022FY2023FY2024FY2025
Cash & short-term investments$258.4M$358.0M$1.3B$670.0M$67.0M
Receivables$774.0M$785.9M$753.0M$678.0M$723.0M
Inventory$752.6M$873.7M$989.0M$1.1B$1.1B
Total current assets$2.0B$2.9B$3.9B$2.5B$3.2B
PP&E, net$6.8B$6.7B$6.6B$10.5B$10.7B
Goodwill & intangibles$4.6B$4.5B$4.1B$4.5B$4.1B
Total assets$14.4B$15.0B$15.1B$18.2B$18.7B
Accounts payable$356.2M$385.0M$343.0M$375.0M$0
Total current liabilities$752.6M$1.4B$1.2B$1.0B$895.0M
Long-term debt$5.1B$4.3B$3.9B$5.3B$5.3B
Total liabilities$7.9B$7.8B$7.1B$8.7B$8.7B
Shareholders' equity$6.5B$7.2B$8.0B$9.5B$10.0B

Cash flow statement

Outflows are negative
FY2021FY2022FY2023FY2024FY2025
Net income$702.8M$867.0M$1.2B$2.0B$1.1B
Depreciation & amortization$446.4M$499.4M$507.3M$573.0M$637.0M
Stock-based compensation$43.0M$43.0M$50.0M$58.0M$46.0M
Change in working capital−$115.4M−$216.0M−$151.0M$211.0M−$92.0M
Operating cash flow$1.1B$991.0M$1.5B$1.5B$1.8B
Capital expenditure−$423.1M−$482.0M−$650.0M−$855.0M−$807.0M
Free cash flow$714.6M$509.0M$878.0M$604.0M$978.0M
Investing cash flow−$3.5B−$484.0M$459.0M−$2.4B−$1.6B
Net debt issued / repaid$2.5B−$69.0M−$717.0M$1.0B−$118.0M
Buybacks$0−$150.0M−$150.0M−$450.0M−$450.0M
Dividends paid−$147.8M−$160.0M−$174.0M−$189.0M−$197.0M

Ratio history

Margins on the fiscal-year (TTM at Q4) basis; multiples at each year end
FY2021FY2022FY2023FY2024FY2025
Gross margin24.9%23.1%29.8%28.7%30.0%
Operating margin18.0%19.6%23.6%41.4%23.3%
Net margin13.0%14.1%17.2%30.5%17.4%
FCF margin13.2%8.3%13.0%9.2%14.9%
ROE11.3%12.6%15.4%22.8%11.7%
ROIC6.8%7.7%11.2%14.3%8.0%
ROA5.6%5.9%7.8%12.0%6.2%
Debt / equity0.850.760.590.610.53
Interest coverage7.0x7.5x10.0x16.5x6.6x
Current ratio2.691.993.352.503.57
Revenue growth+14.5%+13.8%+10.0%−3.6%+0.1%
EPS growth−2.9%+24.2%+35.5%+72.8%−42.3%
P/E at year end38.3x23.9x26.2x15.8x33.1x
EV / EBITDA at year end22.2x14.6x15.7x11.0x19.9x
FCF yield at year end2.65%2.46%2.87%1.92%2.60%
Dividend payout21.0%18.4%14.9%9.5%17.3%

Revenue by segment

FY2021FY2022FY2023FY2024FY2025
Building Materials Business$5.1B$5.9B$6.5B$6.2B$5.7B
Aggregates————$5.0B
Other Building Materials————$992.0M
Specialties————$441.0M
Magnesia Specialties$298.7M$304.0M$315.4M$320.0M—
Interproduct Revenues————−$287.0M

Revenue by region · FY2025

Southeast Group$3.2B · 56%
West Group$2.5B · 44%

Street estimates by fiscal year

Next report 2026-11-03 · consensus EPS $6.17 · these are analysts' numbers, not ours
Fiscal yearRevenue (mean)Revenue rangeEPS (mean)EPS rangeAnalystsP/E on mean EPS
2026$7.2B$7.0B – $7.8B$17.63$15.62 – $19.01728.4x
2027$7.7B$7.3B – $9.2B$21.10$19.74 – $24.04923.7x
2028$10.2B$9.5B – $10.5B$24.69$20.07 – $28.55820.3x

Reported vs expected, every quarter on file

ReportedEPS expectedEPS actualEPS surpriseRevenue expectedRevenue actualRevenue surprise
2026-04-30$1.78$1.93+8.4%$1.3B$1.4B+3.7%
2026-02-11$4.78$3.85−19.5%$1.6B$1.5B−7.0%
2025-11-04$6.72$5.97−11.2%$2.1B$1.8B−10.7%
2025-08-07$5.31$5.43+2.3%$1.9B$1.8B−3.3%
2025-04-30$1.88$1.90+1.1%$1.4B$1.4B−0.3%
2025-02-12$4.62$4.79+3.7%$1.6B$1.6B−1.0%
2024-10-30$6.28$5.91−5.9%$1.9B$1.9B−2.1%
2024-08-08$5.36$4.76−11.2%$1.8B$1.8B−3.9%
2024-04-30$1.86$1.93+3.8%$1.3B$1.3B−4.6%
2024-02-14$3.99$4.63+16.0%$1.6B$1.6B−1.4%
2023-11-01$6.06$6.94+14.5%$2.0B$2.0B−0.3%
2023-07-27$4.86$5.60+15.2%$2.0B$1.8B−9.0%
2023-05-04$0.98$2.16+120.4%$1.2B$1.4B+10.8%
2023-02-15$3.07$3.04−1.0%$1.4B$1.5B+2.6%
2022-11-02$4.63$4.69+1.3%$1.7B$1.8B+9.2%
2022-07-28$3.72$3.96+6.5%$1.5B$1.6B+10.1%
2022-05-03$0.67$0.41−38.8%$1.1B$1.2B+14.7%
2022-02-10$2.91$3.15+8.2%$1.3B$1.5B+11.0%
2021-11-02$4.24$4.25+0.2%$1.4B$1.6B+9.6%
2021-07-29$3.84$3.81−0.8%$1.3B$1.4B+6.2%
2021-05-04$0.50$1.04+108.0%$656.5M$982.4M+49.6%
2021-02-09$2.30$2.93+27.4%$1.0B$1.2B+16.2%
2020-10-29$3.76$3.85+2.4%$1.1B$1.3B+25.2%
2020-07-28$3.02$3.49+15.6%$1.1B$1.3B+15.6%

Off-exchange (dark pool) volume, weekly

FINRA ATS, $ billions · through the week of 2026-08-31 (FINRA publishes with a delay)
0.506-150.406-220.906-290.607-060.307-130.507-200.907-270.608-030.308-100.608-170.408-240.708-31
Week ofNotionalSharesTrades
2026-08-31$686.0M1,335,47553,403
2026-08-24$440.2M826,88740,115
2026-08-17$632.8M1,186,93645,304
2026-08-10$302.3M552,13931,253
2026-08-03$649.4M1,188,01147,635
2026-07-27$856.8M1,542,61858,632

Short-sale share of off-exchange volume

daily 20-day average
07-2310-1561.5%
DateShort shareShort volumeTotal volume
2026-10-1561.5%294,561479,318
2026-10-1443.3%187,948433,907
2026-10-1336.2%109,370302,046
2026-10-1242.8%97,466227,805
2026-10-0960.3%119,704198,378
2026-10-0867.2%228,176339,668
2026-10-0772.1%170,001235,627
2026-10-0648.3%147,802306,229
2026-10-0548.2%133,358276,468
2026-10-0263.5%205,915324,274
A daily flow measure from FINRA, not short interest.

Seasonality

Average return by calendar month
-0.6Jan+2.3Feb+1.1Mar+1.4Apr+0.5May-0.5Jun+1.0Jul+0.1Aug-0.6Sep+0.6Oct+5.2Nov+1.3Dec
MonthAvg returnUp yearsYears
Jan−0.6%60%20
Feb+2.3%50%20
Mar+1.1%67%21
Apr+1.4%50%20
May+0.5%55%20
Jun−0.5%40%20
Jul+1.0%55%20
Aug+0.1%45%20
Sep−0.6%40%20
Oct+0.6%55%20
Nov+5.2%85%20
Dec+1.3%65%20
History, not a forecast.

Indicators

as of 2026-10-16
RSI 1455.7
MFI36.7
ADX23.1
Stochastic %K / %D63.1 / 39.1
Williams %R-16.3
CCI166
TSI / signal-15.4 / -22.1
Chaikin money flow-0.05
ATR$12.80
Bollinger width7.0%
Volume vs 20-day avg0.99x
SupertrendDown

Moving averages and bands

level (price vs level)
SMA 20$484.56 (+3.4%)
SMA 50$507.32 (−1.3%)
SMA 200$581.67 (−13.9%)
EMA 21$488.04 (+2.6%)
EMA 50$506.12 (−1.0%)
EMA 200$557.77 (−10.2%)
Bollinger upper$501.40 (−0.1%)
Bollinger lower$467.71 (+7.1%)
Parabolic SAR$465.50 (+7.6%)
Open the live chart, 110+ indicators

About Martin Marietta Materials, Inc.

Martin Marietta Materials, Inc. functions as a company specializing in natural resource-derived building materials. This enterprise delivers a wide range of aggregates and other heavy construction components to the building industry, serving both domestic and international markets. Its product portfolio includes foundational raw materials like crushed stone, sand, and gravel, in addition to manufactured items such as ready-mix concrete, asphalt, and comprehensive paving solutions. These offerings are essential for infrastructure projects, commercial and residential developments, and various other sectors including railroads, agriculture, utilities, and environmental applications. Beyond its core construction offerings, Martin Marietta also produces magnesia-based chemicals, which are utilized in industrial, agricultural, and environmental contexts. The company further supplies dolomitic lime, primarily for steel manufacturing and soil stabilization. Its broader chemical products contribute to areas such as flame retardants, wastewater treatment, and pulp and paper production, among other environmental uses. Established in 1939, the firm's main office is situated in Raleigh, North Carolina.

https://www.martinmarietta.com

Key executives

NameTitlePayBorn
C. Howard NyeChairman, CEO, President, President of Aggregates Business & Chair of Magnesia Specialties Business$4.2M1963
Donald A. McCunniffExecutive Vice President & Chief Human Resources Officer$2.0M1957
George F. SchoenExecutive Vice President, General Counsel & Corporate Secretary$1.9M—
Robert J. CardinSenior Vice President, Controller & Chief Accounting Officer$1.8M1963
Michael J. PetroExecutive Vice President & Chief Financial Officer$1.4M1984
Jason FlynnSenior Vice President & Chief Information Officer$749,8021981
Jacklyn RookerVice President of Investor Relations——
Kirk LightPresident of Cement & Southwest Ready Mix——

Executive pay, latest proxy

ExecutiveYearSalaryStock awardsIncentiveTotal
C. Howard Nye Chair, President and CEO2025$1.4M$9.4M$2.8M$14.3M
Robert J. Cardin Senior Vice President, Controller and Chief Accounting Officer; Former Interim Chief Financial Officer2025$467,176$2.5M$777,999$4.8M
Donald A. McCunniff Executive Vice President, Chief Human Resources Officer2025$697,500$1.7M$1.3M$3.8M
Michael J. Petro Senior Vice President and Chief Financial Officer2025$510,910$1.8M$851,877$3.4M
Bradley D. Kohn 10, Former Senior Vice President, General Counsel and Corporate Secretary2025$580,000$1.1M$522,000$2.3M
Jason P. Flynn Senior Vice President, Chief Information Officer2025$389,856$1.0M$324,735$1.8M

Employees

9k20189k20199k202010k20219k20229k20239k202410k2025

Dividends

Ex-dateAmountPaid
2026-09-01$0.842026-09-30
2026-06-01$0.832026-06-30
2026-03-02$0.832026-03-31
2025-12-01$0.832025-12-31
2025-09-02$0.832025-09-30
2025-06-02$0.792025-06-30
2025-03-03$0.792025-03-31
2024-12-02$0.792024-12-31

Moat model

Weak · Efficient Scale · 2026-06-30
Cost advantage51
Intangibles30
Switching costs50
Network effect35
Efficient scale61
Our component scores (0-100) and overall 44.6; a model of the business, not a call on the stock.
InsiderStreet reports findings from filings and market data. Nothing on this page is a recommendation to buy or sell.Every figure is computed in code · data as of 2026-10-17

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