— Know what they know.
/
Not Investment Advice

VMC

NYSE · USD
Vulcan Materials Company
Basic Materials · Construction Materials
CEO Ronnie A. Pruitt Employees 11,172 R&D / revenue 0.0%
Last price
$257.63+2.07%last session
Market cap
$33.4B
P/E (TTM)
30.3x
From 52w high
−22.2%
From 52w low
+8.7%
1-year return
−12.9%
RSI 14 · vs SMA200
59.1 · −8.6%
IS score
62.6/ 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

VMC   SPY   XLB (sector ETF) · weekly closes
8090100110120Jan 26Apr 26Jul 26Oct 26XLB 118SPY 116VMC 87

Score DNA

Each bar is a 0-100 score within the scored universe
50
Profitability
57
Growth
44
Value
85
Momentum
100
Risk (safety)
78
Quality
56
Balance sheet
78
Earnings quality

Flags

Strengths
✓ Piotroski 8+✓ Congress buying
Warnings
None of the computed warning flags fires for VMC (Altman, Beneish, accruals, FCF, dilution).
Observations
Moat model: Weak, Efficient ScalePiotroski 8 / 9Altman Z 4.3Beta 1.053 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
6 open-market sales, $5.1M
Form 144 notices (12m): 14, $36.8M proposed, not confirmed sales
CONGSTOCK Act · 180 days
Congressional purchases
2
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
+38
142 new holders, 93 closed
1,071 filers hold 99.0% · 390 added, 369 trimmed
ETFETF holdings · 30 days
Net funds accumulating
+214
988 funds adding shares
774 funds trimming · counts of funds, not dollars
DARKFINRA · daily
Short-sale share of off-exchange volume
46.9%
20-day avg 49.7%, 50-day avg 57.8%
Latest 2.8 pp under 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$7.9B
Revenue growth YoY+6.9%
Gross margin27.3%
Operating income$1.6B
Operating margin20.1%
Net income$1.1B
Net margin13.6%
EPS (diluted)$8.12
Cash flow
Operating cash flow$1.8B
Capital expenditure$677.7M
Free cash flow$1.1B
FCF conversion (FCF / OCF)62.6%
Stock-based compensation$63.1M
FCF less SBC$1.1B
Buybacks$438.4M
Dividends$259.8M
Balance sheet & returns
Cash & short-term investments$183.3M
Total debt$4.9B
Net debt$4.7B
Shareholders' equity$8.5B
Goodwill & intangibles$5.3B
Debt / equity0.58
ROE (TTM)13.1%
ROIC (TTM)8.2%
Operating margin by fiscal year
18.2%FY202113.0%FY202218.3%FY202318.4%FY202420.1%FY2025
Revenue $5.6B (FY2021) to $7.9B (FY2025), a 9.3% CAGR.

Valuation

P/E (TTM)30.3x
EV / EBITDA14.9x
Price / sales4.12x
Price / FCF32.5x
FCF yield3.08%
Buyback yield1.31%
SBC / revenue0.7%
Price / book3.96x
Forward P/E FY202629.0x
Forward P/E FY202725.1x
Forward P/E FY202822.0x
Forward multiples divide today's price by Street EPS estimates. Street mean target $285.50 across 6 analysts last quarter is theirs, not ours.

VMC vs industry median

94 companies in Construction Materials
Gross margin 27.4% 29.0% Operating margin 19.9% 10.9% Net margin 13.8% 6.4% ROIC 8.2% 7.8%
VMC (TTM)Industry median Asset turnover 0.49 vs industry 0.72 · financial leverage 1.94

Earnings delivery

Next report 2026-10-29 · consensus EPS $2.85
50%
beat rate, 6 of 12 quarters
+1.8%
median EPS surprise
2
longest beat streak
+20-0+5-18-5-3+21+31-3+4-19+23
EPS surprise in % vs the consensus at the time, oldest (left) to newest, 2023-08-03 to 2026-04-29. Bars cap at ±60%.

Peers

Market-cap band, not the industry cohort above
CompanyMkt capP/EROENet marginRev growth12m return
VMC Vulcan Materials Company $33.4B30.3x13.1%13.8%+6.9% −12.9%
MLM Martin Marietta Materials, I $30.1B12.3x23.5%13.1%+0.1% −19.6%
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

2026-07-29Earnings Release; Exhibits
2026-07-27Other Events; Exhibits
2026-04-29Earnings Release; Exhibits
2026-03-12Regulation FD Disclosure; Financial Statements and Exhibits
2026-02-17Results of Operations and Financial Condition; Financial Statements and Exhibits
2025-12-12Departure/Election of Directors; Appointment of Officers

Context

Shares outstanding129,579,000
Free float99.8%
Institutional ownership99.0%
Beta1.05
Dividend yield0.80%
Last dividend$0.52 on 2026-11-09
50 / 200-day average$258.78 / $282.02
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 VMC 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

MeasureVMCIndustry medianIndustry percentileSector median
P/E (TTM) 29.8x 19.9x
83rd		 19.5x
PEG (P/E ÷ 3-yr EPS CAGR) 1.81 0.95
73rd		 0.89
Price / sales 4.1x 1.9x
90th		 1.9x
Price / book 3.9x 2.4x
76th		 2.3x
Price / tangible book 11.9x 5.4x
83rd		 3.3x
Price / free cash flow 32.5x 17.6x
77th		 16.3x
Price / operating cash flow 18.5x 10.6x
73rd		 9.6x
Enterprise value $38.1B $7.4B
93rd		 $5.4B
EV / sales 4.7x 2.3x
93rd		 2.0x
EV / EBITDA 14.8x 11.6x
73rd		 10.8x
EV / EBIT 20.5x 15.6x
70th		 14.7x
EV / free cash flow 37.1x 21.9x
77th		 21.6x
Earnings yield 3.4% 4.9%
20th		 3.9%
FCF yield 3.1% 5.7%
23rd		 4.3%
Operating cash flow yield 5.4% 9.5%
27th		 9.8%
Graham number (per share) $111.67 $42.52
86th		 $36.55

Profitability (TTM)

MeasureVMCIndustry medianIndustry percentileSector median
Gross margin 27.4% 35.0%
31st		 32.1%
EBITDA margin 31.7% 20.2%
90th		 19.0%
Operating margin 19.9% 15.4%
73rd		 13.8%
EBIT margin 22.9% 15.1%
90th		 12.3%
Net margin 13.8% 10.4%
67th		 6.8%
NOPAT margin 15.9% 11.4%
83rd		 10.1%
FCF margin 12.7% 9.1%
70th		 6.4%
Operating cash flow margin 22.3% 17.1%
77th		 15.6%
R&D / revenue 0.0% 0.0%
0th		 0.0%
SG&A / revenue 5.9% 15.3%
3rd		 9.4%
Stock comp / revenue 0.5% 0.7%
39th		 0.4%
Effective tax rate 20.3% 23.8%
13th		 22.5%

Returns on capital

MeasureVMCIndustry medianIndustry percentileSector median
ROE (on average equity) 13.3% 15.3%
45th		 12.1%
ROA 6.7% 8.7%
37th		 5.0%
ROIC 9.8% 11.5%
40th		 9.8%
ROCE 12.2% 12.2%
50th		 9.7%
Return on tangible assets 11.1% 11.0%
53rd		 8.5%
Cash ROIC (OCF / invested capital) 13.7% 15.1%
40th		 14.9%
Gross profitability (GP / assets) 13.5% 24.0%
10th		 17.5%
ROIC, 3-yr average 7.4% 8.5%
33rd		 6.5%
ROIC, 5-yr average 7.7% 11.5%
20th		 8.1%
ROE, 5-yr average 11.1% 18.1%
20th		 9.1%
Incremental ROIC -105.4% 30.3%
4th		 28.3%

Growth

MeasureVMCIndustry medianIndustry percentileSector median
Revenue growth (TTM YoY) 6.8% 7.0%
43rd		 9.7%
Revenue growth (QoQ) 22.8% 17.5%
70th		 9.5%
Revenue CAGR, 3 yr 2.3% 2.7%
48th		 2.3%
Revenue CAGR, 5 yr 10.5% 6.8%
65th		 7.3%
Gross profit CAGR, 3 yr 8.8% 3.9%
63rd		 5.4%
Operating income CAGR, 3 yr 12.5% 2.2%
68th		 7.8%
Net income growth (TTM YoY) 17.8% 8.6%
59th		 45.4%
Net income CAGR, 3 yr 15.6% 3.6%
67th		 7.3%
EPS growth (TTM YoY) 19.7% 16.9%
56th		 44.1%
EPS CAGR, 3 yr 16.4% 8.7%
62nd		 8.0%
EPS CAGR, 5 yr 11.3% 14.0%
35th		 11.5%
FCF growth (TTM YoY) -6.5% 8.9%
41st		 19.4%
FCF CAGR, 3 yr 16.3% 5.2%
64th		 3.8%
Operating cash flow CAGR, 3 yr 10.7% 5.9%
63rd		 7.7%
Book value CAGR, 3 yr 6.3% 11.5%
31st		 6.5%
Dividend CAGR, 3 yr 2.4% 3.4%
17th		 2.6%
Sustainable growth rate 10.1% 14.4%
36th		 13.5%

Margin history & stability

MeasureVMCIndustry medianIndustry percentileSector median
Gross margin, 3-yr average 26.9% 35.6%
22nd		 29.8%
Operating margin, 3-yr average 19.2% 14.8%
67th		 12.0%
Net margin, 3-yr average 12.8% 9.1%
67th		 6.3%
FCF margin, 3-yr average 11.4% 9.3%
67th		 7.1%
Revenue stability (0-1) 0.78 0.71
67th		 0.60
Earnings stability (0-1) 0.89 0.42
85th		 0.41
Margin stability (0-1) 0.93 0.93
48th		 0.83

Liquidity (latest quarter)

MeasureVMCIndustry medianIndustry percentileSector median
Cash & short-term investments $194.2M $162.3M
57th		 $245.7M
Net cash (− = net debt) −$4.7B −$1.2B
23rd		 −$465.1M
Working capital $932.7M $474.0M
77th		 $531.5M
Current ratio 1.76 1.86
37th		 2.08
Quick ratio 1.20 1.21
47th		 1.42
Cash ratio (cash + ST investments / current liabilities) 0.16 0.23
27th		 0.45
Defensive interval (days) 783 days 488 days
80th		 773 days

Leverage & solvency (latest quarter)

MeasureVMCIndustry medianIndustry percentileSector median
Total debt $4.9B $1.4B
77th		 $807.4M
Debt / equity 0.58 0.62
48th		 0.50
Net debt / equity 0.55 0.56
48th		 0.30
Debt / assets 29.7% 28.9%
53rd		 24.4%
Debt / capital 36.6% 38.1%
48th		 33.5%
Debt / EBITDA 1.90 2.31
40th		 1.80
Net debt / EBITDA 1.83 1.83
47th		 1.17
Interest coverage (EBIT / interest) 4.0x 7.1x
32nd		 6.7x
Cash interest coverage 3.9x 6.6x
25th		 7.7x
Debt payback (years of OCF) 2.7 yrs 2.8 yrs
43rd		 2.6 yrs
Liabilities / assets 48.4% 54.6%
33rd		 47.8%
IS credit model rating A+ — —
Implied credit spread (bps) 125 150
40th		 162

Efficiency

MeasureVMCIndustry medianIndustry percentileSector median
Asset turnover 0.49 0.76
3rd		 0.66
Fixed asset turnover 0.53 2.29
3rd		 1.53
Inventory turnover 8.3 5.6
83rd		 4.9
Receivables turnover 7.4 6.5
60th		 8.7
Days sales outstanding 49 days 56 days
40th		 42 days
Days inventory outstanding 44 days 65 days
17th		 74 days
Days payables outstanding 12 days 40 days
0th		 49 days
Cash conversion cycle (days) 81 days 78 days
60th		 61 days
Capex / revenue 9.6% 5.4%
77th		 7.8%
Capex / depreciation 1.09 0.91
73rd		 1.09
Operating expense ratio 9.3% 17.2%
20th		 11.3%

Cash flow & earnings quality

MeasureVMCIndustry medianIndustry percentileSector median
Operating cash flow / net income 1.61 1.79
41st		 1.55
FCF / net income 0.92 1.21
38th		 0.89
FCF / operating cash flow 56.9% 62.9%
40th		 52.6%
Capex / operating cash flow 43.1% 37.1%
60th		 47.0%
Accruals ratio -4.1% -5.4%
73rd		 -5.6%
Sloan accruals ratio -4.1% -4.3%
53rd		 -3.6%
Earnings quality score (0-1) 1.00 0.75
76th		 0.75

Dividends & buybacks

MeasureVMCIndustry medianIndustry percentileSector median
Dividend yield 0.8% 0.7%
53rd		 0.9%
Dividend per share (TTM) $2.05 $0.55
90th		 $0.40
Payout ratio (dividends / net income) 23.6% 10.6%
72nd		 18.3%
Dividends / FCF 25.7% 10.4%
83rd		 17.9%
Dividend growth (YoY) 6.5% 6.5%
50th		 4.2%
Buyback yield 2.4% 1.4%
57th		 0.2%
Shareholder yield (dividends + buybacks) 3.2% 2.9%
53rd		 2.3%
Share count change (YoY) -1.6% -1.6%
57th		 0.0%
Buybacks, last 5 years $1.9B $199.8M
80th		 $35.6M

Scores & forensic checks

MeasureVMCIndustry medianIndustry percentileSector median
IS score 63 61
60th		 57
IS profitability 50 50
50th		 44
IS growth 57 55
60th		 59
IS value 44 53
23rd		 54
IS momentum 85 76
70th		 78
IS risk (safety) 100 80
57th		 80
IS quality 78 70
83rd		 70
IS balance sheet 56 58
37th		 65
IS earnings quality 78 71
90th		 71
IS cash flow 54 60
37th		 49
Piotroski F-score (0-9) 8 6
90th		 6
Altman Z-score 4.3 3.5
67th		 3.1
Beneish M-score −3.18 −2.54
7th		 −2.55
Ohlson O-score −8.63 −7.74
33rd		 −8.14
IS credit score 76 74
53rd		 70

Per share

MeasureVMCIndustry medianIndustry percentileSector median
EPS, diluted (TTM) $8.56 $3.31
83rd		 $1.57
Book value per share $64.71 $24.18
93rd		 $16.95
Tangible book per share $25.11 $3.80
83rd		 $8.43
Revenue per share $61.98 $48.62
73rd		 $31.21
FCF per share $7.85 $4.20
83rd		 $1.99
Operating cash flow per share $13.80 $6.94
80th		 $4.23
Cash per share $1.48 $1.86
40th		 $2.16

Size (TTM)

MeasureVMCIndustry medianIndustry percentileSector median
Market cap $33.4B $5.9B
93rd		 $4.7B
Revenue $8.1B $2.5B
80th		 $2.5B
EBITDA $2.6B $553.1M
87th		 $488.0M
Net income $1.1B $177.4M
87th		 $137.1M
Free cash flow $1.0B $287.8M
83rd		 $142.7M
Total assets $16.4B $3.9B
83rd		 $3.8B
Shareholders' equity $8.5B $1.6B
83rd		 $1.6B
Employees 11,548 5,900
77th		 4,067

Insider transactions, last 6 months

Form 4 · most recent 12
DateInsiderTypeSharesPriceValueOwned after
2026-08-21Hill J Thomas
Director
 Open-market sale 5,696$275.49$1.6M66,513
2026-08-21Hill J Thomas
Director
 Open-market sale 3,762$276.51$1.0M62,751
2026-08-21Hill J Thomas
Director
 Open-market sale 542$277.09$150,18362,209
2026-08-21Hill J Thomas
Director
 Open-market sale 4,000$276.70$1.1M58,209
2026-08-14Render Stephen J
SVP
 — 680——0
2026-08-14Render Stephen J
SVP
 — 85——0
2026-08-14Render Stephen J
SVP
 — 560$302.85$169,5960
2026-08-12Hill J Thomas
Director
 Option exercise 26,100$113.16$3.0M66,615
2026-08-12Hill J Thomas
Director
 Option exercise 24,800$164.38$4.1M91,415
2026-08-12Hill J Thomas
Director
 Option exercise 22,400$185.31$4.2M113,815
2026-08-12Hill J Thomas
Director
 Option exercise 21,670$180.52$3.9M135,485
2026-08-12Hill J Thomas
Director
 Option exercise 27,000$133.95$3.6M162,485

Shares acquired vs disposed, by month

acquired disposed · all Form 4 types
MayJunJulAug

By transaction type, 6 months

TypeDirectionFilingsSharesValue
Award / grantAcquired1817,016—
Open-market saleDisposed618,212$5.1M
Option exerciseAcquired7123,280$18.7M
Option exerciseDisposed7123,280$18.7M
Tax withholdingDisposed590,276$26.0M
—Disposed168,515$999,405
Awards, option exercises and tax withholding are compensation mechanics; open-market buys and sales are the discretionary ones.

Form 144 notices

12 months: 14 notices · 131,177 shares · $36.8M
FiledFilerShares proposedEst. proceeds
2026-08-21James T Hill14,000$3.9M
2026-08-07David Clement2,000$570,200
2026-07-31Baker Thompson S Ii71,629$19.4M
2026-06-16Stanley Bass7,312$2.2M
A Form 144 is notice of a proposed sale, not a confirmed one.

Congress trades

12 months: House 10 trades (3 purchases) · Senate 0 (0 purchases)
TradedMemberChamberTypeAmountDisclosed
2026-09-25Ro KhannaHousePurchase$1,001 - $15,0002026-10-09
2026-09-11Ro KhannaHouseSale$1,001 - $15,0002026-10-09
2026-08-10Ro KhannaHouseSale$1,001 - $15,0002026-09-07
2026-05-01Ro KhannaHousePurchase$1,001 - $15,0002026-06-11
2020-06-05Ron WydenSenatePurchase$15,001 - $50,0002020-07-02
2020-06-05Ron WydenSenatePurchase$15,001 - $50,0002020-07-01
2020-06-05Ronald Lee WydenSenatePurchase$15,001 - $50,0002020-07-01
2020-06-04Ron WydenSenatePurchase$50,001 - $100,0002020-07-02
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.9,723,208$2.9B7.50%
STATE FARM MUTUAL AUTOMOBILE INSURANCE CO9,521,730$2.8B7.35%
VANGUARD CAPITAL MANAGEMENT LLC8,472,805$2.5B6.54%
VANGUARD PORTFOLIO MANAGEMENT LLC7,016,149$2.1B5.41%
STATE STREET CORP6,145,077$1.8B4.74%
PRINCIPAL FINANCIAL GROUP INC5,466,956$1.6B4.22%
JPMORGAN CHASE & CO4,318,353$1.3B3.33%
FMR LLC3,666,226$1.1B2.83%
GEODE CAPITAL MANAGEMENT, LLC3,449,887$1.0B2.66%
TCI Fund Management Ltd2,447,004$721.9M1.89%
BANK OF AMERICA CORP /DE/2,334,089$688.6M1.80%
Clearbridge Investments, LLC2,299,084$678.3M1.77%
MASSACHUSETTS FINANCIAL SERVICES CO /MA/2,102,064$625.2M1.62%
Egerton Capital1,971,694$581.7M1.52%
PARNASSUS INVESTMENTS, LLC1,893,294$558.5M1.46%

Institutional ownership by quarter

2023-092026-0699.0%
% of shares held by 13F filers
2023-092026-061,071
Number of 13F filers holding

Holder changes by quarter

QuarterHoldersOwnershipNewIncreasedReducedClosed
2026-06-301,07199.0%14239036993
2026-03-311,03394.8%109359393124
2025-12-311,06696.0%15235436171
2025-09-301,00593.9%13236632279
2025-06-3096594.4%14037329481
2025-03-3191993.5%111340321105
2024-12-3192893.4%13033231272
2024-09-3088792.1%11933428574
2024-06-3085392.6%7131230180
2024-03-3187392.6%10529032448
2023-12-3182593.0%12229527357
2023-09-3076893.2%9027025967

Schedule 13D / 13G filers

FiledFormFiler% of classShares
2026-05-13SCHEDULE 13G/AJPMORGAN CHASE & CO4.4%5,743,652
2026-05-12SCHEDULE 13G/APRINCIPAL GLOBAL INVESTORS4.8%6,315,161
2026-04-30SCHEDULE 13GVanguard Capital Management7.5%9,843,352
2026-04-29SCHEDULE 13GVanguard Portfolio Management5.4%7,046,686
Required above 5% of a class; 13G is the passive form.

ETFs with the largest holding

ETFWeight in fundHolding value
VITSX0.04%$1.0B
VTSAX0.04%$1.0B
VSMPX0.04%$1.0B
VTI0.04%$1.0B
VFIAX0.05%$832.0M
VOO0.05%$832.0M

Share structure

Shares outstanding129,579,000
Float129,269,825
Free float99.8%

Income statement

Fiscal years, USD
FY2021FY2022FY2023FY2024FY2025
Revenue$5.6B$7.3B$7.8B$7.4B$7.9B
Cost of revenue$4.2B$5.8B$5.8B$5.4B$5.8B
Gross profit$1.4B$1.6B$1.9B$2.0B$2.2B
R&D$0$0$0$0$0
SG&A$417.6M$515.1M$542.8M$531.1M$564.0M
Operating income$1.0B$951.4M$1.4B$1.4B$1.6B
EBITDA$1.5B$1.5B$2.0B$2.0B$2.6B
Pretax income$873.8M$788.1M$1.2B$1.2B$1.4B
Income tax$200.1M$193.0M$299.4M$251.4M$281.5M
Net income$670.8M$575.6M$933.2M$911.9M$1.1B
EPS, diluted$5.02$4.31$6.98$6.85$8.12
Diluted shares133.5M133.6M133.7M133.1M131.9M

Balance sheet

FY2021FY2022FY2023FY2024FY2025
Cash & short-term investments$235.0M$161.4M$931.1M$559.7M$183.3M
Receivables$838.7M$1.0B$889.7M$892.3M$887.7M
Inventory$521.3M$579.3M$615.6M$681.8M$680.5M
Total current assets$1.7B$1.9B$2.5B$2.3B$2.6B
PP&E, net$6.2B$6.6B$6.7B$9.0B$15.0B
Goodwill & intangibles$5.4B$5.4B$5.0B$5.5B$5.3B
Total assets$13.7B$14.2B$14.5B$17.1B$16.7B
Accounts payable$365.5M$454.5M$390.4M$407.0M$438.5M
Total current liabilities$769.3M$956.6M$797.6M$1.2B$956.1M
Long-term debt$3.9B$3.9B$3.9B$4.9B$4.9B
Total liabilities$7.1B$7.3B$7.0B$9.0B$8.2B
Shareholders' equity$6.6B$7.0B$7.5B$8.1B$8.5B

Cash flow statement

Outflows are negative
FY2021FY2022FY2023FY2024FY2025
Net income$670.4M$576.5M$914.6M$913.1M$1.1B
Depreciation & amortization$418.7M$587.5M$617.0M$632.2M$748.5M
Stock-based compensation$34.7M$41.1M$63.2M$53.4M$63.1M
Change in working capital−$143.9M−$224.3M−$33.4M−$277.4M−$90.0M
Operating cash flow$1.0B$1.1B$1.5B$1.4B$1.8B
Capital expenditure−$451.3M−$612.6M−$872.6M−$603.5M−$677.7M
Free cash flow$560.6M$535.6M$664.2M$806.1M$1.1B
Investing cash flow−$1.9B−$1.1B−$163.5M−$2.8B−$529.2M
Net debt issued / repaid$121.5M$89.5M−$103.9M$1.4B−$961.4M
Buybacks−$19.1M−$18.5M−$200.0M−$68.8M−$438.4M
Dividends paid−$196.4M−$212.6M−$228.4M−$244.4M−$259.8M

Ratio history

Margins on the fiscal-year (TTM at Q4) basis; multiples at each year end
FY2021FY2022FY2023FY2024FY2025
Gross margin24.7%21.3%25.0%27.0%27.3%
Operating margin18.2%13.0%18.3%18.4%20.1%
Net margin12.1%7.9%12.0%12.3%13.6%
FCF margin10.1%7.3%8.5%10.9%14.3%
ROE10.7%8.5%13.0%11.7%13.0%
ROIC7.2%6.4%9.9%8.0%9.2%
ROA5.3%4.1%6.5%5.8%6.4%
Debt / equity0.690.650.590.720.63
Interest coverage6.9x5.7x8.0x7.1x3.9x
Current ratio2.201.993.171.832.69
Revenue growth+14.3%+31.8%+6.4%−4.7%+6.9%
EPS growth+14.6%−14.3%+62.4%−2.0%+19.6%
P/E at year end40.0x39.7x32.0x37.3x34.8x
EV / EBITDA at year end21.0x17.6x16.3x19.8x16.7x
FCF yield at year end2.09%2.34%2.22%2.37%3.02%
Dividend payout29.3%36.9%24.5%26.8%24.0%

Revenue by segment

FY2021FY2022FY2023FY2024FY2025
Aggregates$4.3B$5.3B$5.9B$5.9B$6.3B
Concrete$766.8M$1.6B$1.2B$653.5M$846.6M
Asphalt$777.8M$990.2M$1.1B$1.2B$1.3B
Calcium$6.9M$7.8M$9.0M——

Revenue by region · FY2025

Gulf Coast$3.7B · 44%
East$2.5B · 29%
West$2.3B · 27%

Street estimates by fiscal year

Next report 2026-10-29 · consensus EPS $2.85 · these are analysts' numbers, not ours
Fiscal yearRevenue (mean)Revenue rangeEPS (mean)EPS rangeAnalystsP/E on mean EPS
2026$8.1B$8.0B – $8.4B$8.90$8.57 – $9.031329.0x
2027$8.6B$8.3B – $9.0B$10.26$9.59 – $10.881525.1x
2028$9.1B$8.4B – $9.7B$11.73$9.88 – $13.081022.0x

Reported vs expected, every quarter on file

ReportedEPS expectedEPS actualEPS surpriseRevenue expectedRevenue actualRevenue surprise
2026-04-29$1.10$1.35+22.7%$1.6B$1.8B+7.1%
2026-02-17$2.11$1.70−19.4%$2.0B$1.9B−2.3%
2025-10-30$2.73$2.84+4.0%$2.3B$2.3B+0.7%
2025-07-31$2.53$2.45−3.2%$2.2B$2.1B−4.6%
2025-04-30$0.76$1.00+30.9%$1.7B$1.6B−1.2%
2025-02-18$1.79$2.17+21.2%$1.8B$1.9B+2.3%
2024-10-30$2.30$2.22−3.5%$2.0B$2.0B+0.2%
2024-08-06$2.48$2.35−5.2%$2.0B$2.0B−1.0%
2024-05-02$0.97$0.80−17.5%$1.5B$1.5B+2.9%
2024-02-16$1.39$1.46+5.0%$1.8B$1.8B−0.1%
2023-10-26$2.30$2.29−0.4%$2.2B$2.2B+0.5%
2023-08-03$1.91$2.29+19.9%$2.0B$2.1B+3.5%
2023-05-04$0.61$0.95+55.7%$1.6B$1.6B+5.1%
2023-02-16$1.26$1.08−14.3%$1.8B$1.7B−5.8%
2022-11-02$1.71$1.78+4.1%$2.0B$2.1B+4.1%
2022-08-04$1.69$1.64−3.0%$1.9B$2.0B+5.1%
2022-05-04$0.62$0.73+17.7%$1.4B$1.5B+6.8%
2022-02-16$1.16$1.25+7.8%$1.6B$1.6B+0.6%
2021-11-04$1.65$1.54−6.7%$1.5B$1.5B+4.4%
2021-08-04$1.66$1.57−5.4%$1.4B$1.4B−0.0%
2021-05-04$0.41$0.69+68.3%$1.0B$1.1B+4.5%
2021-02-16$0.98$1.07+9.2%$1.1B$1.2B+8.8%
2020-11-05$1.62$1.56−3.7%$1.4B$1.3B−3.5%
2020-08-04$1.38$1.60+15.9%$1.1B$1.3B+15.9%

Off-exchange (dark pool) volume, weekly

FINRA ATS, $ billions · through the week of 2026-08-31 (FINRA publishes with a delay)
0.406-150.506-220.506-290.407-060.307-130.407-200.707-270.408-030.308-100.408-170.308-240.508-31
Week ofNotionalSharesTrades
2026-08-31$459.5M1,744,90459,924
2026-08-24$327.7M1,192,10245,287
2026-08-17$372.1M1,351,26551,615
2026-08-10$254.2M901,45544,049
2026-08-03$415.6M1,468,12850,211
2026-07-27$683.4M2,436,52570,031

Short-sale share of off-exchange volume

daily 20-day average
07-2310-1546.9%
DateShort shareShort volumeTotal volume
2026-10-1546.9%367,352782,633
2026-10-1447.5%220,412463,656
2026-10-1349.1%213,931435,464
2026-10-1253.4%113,797213,198
2026-10-0958.6%203,775347,777
2026-10-0856.0%267,138477,021
2026-10-0765.9%259,869394,476
2026-10-0659.4%242,768408,506
2026-10-0562.6%206,642330,151
2026-10-0258.1%194,606334,694
A daily flow measure from FINRA, not short interest.

Seasonality

Average return by calendar month
+0.2Jan+0.8Feb-0.8Mar+1.7Apr+0.1May-1.8Jun+0.1Jul+1.0Aug+0.7Sep+0.2Oct+5.8Nov+2.6Dec
MonthAvg returnUp yearsYears
Jan+0.2%70%20
Feb+0.8%50%20
Mar−0.8%38%21
Apr+1.7%55%20
May+0.1%55%20
Jun−1.8%30%20
Jul+0.1%55%20
Aug+1.0%65%20
Sep+0.7%45%20
Oct+0.2%55%20
Nov+5.8%90%20
Dec+2.6%60%20
History, not a forecast.

Indicators

as of 2026-10-16
RSI 1459.1
MFI56.3
ADX23.2
Stochastic %K / %D76.0 / 61.6
Williams %R-8.6
CCI354
TSI / signal-9.6 / -20.7
Chaikin money flow0.13
ATR$6.44
Bollinger width5.9%
Volume vs 20-day avg1.18x
SupertrendDown

Moving averages and bands

level (price vs level)
SMA 20$245.78 (+4.8%)
SMA 50$258.26 (−0.2%)
SMA 200$281.78 (−8.6%)
EMA 21$248.42 (+3.7%)
EMA 50$256.55 (+0.4%)
EMA 200$274.43 (−6.1%)
Bollinger upper$253.04 (+1.8%)
Bollinger lower$238.52 (+8.0%)
Parabolic SAR$239.27 (+7.7%)
Open the live chart, 110+ indicators

About Vulcan Materials Company

Vulcan Materials Company, alongside its affiliated entities, stands as a prominent producer and distributor of construction aggregates, primarily operating within the United States. The company's activities are organized into four distinct divisions: Aggregates, Asphalt, Concrete, and Calcium. The Aggregates division focuses on providing essential materials like crushed stone, sand, gravel, and other foundational aggregates, along with related services. These products are vital for building and maintaining highways, public infrastructure, residential properties, and various commercial, industrial, and other non-residential structures. Through its Asphalt Mix segment, the firm furnishes asphalt mixture to locations in Alabama, Arizona, California, New Mexico, Tennessee, and Texas, additionally performing asphalt paving work in Alabama, Tennessee, and Texas. The Concrete segment supplies ready-mixed concrete to customers in California, Maryland, New Jersey, New York, Oklahoma, Pennsylvania, Texas, Virginia, and Washington D.C. Lastly, the Calcium division is responsible for mining, manufacturing, and marketing calcium products for use in animal feed, plastics, and water treatment industries. Established in 1909, the corporation, initially known as Virginia Holdco, Inc. before its name change, is headquartered in Birmingham, Alabama.

https://www.vulcanmaterials.com

Key executives

NameTitlePayBorn
James Thomas HillExecutive Chairman of the Board$4.8M1959
Ronnie A. PruittCEO & Director$2.4M1971
Mary Andrews CarlisleSenior Vice President & Chief Financial Officer$1.9M1981
David ClementSenior Vice President of Operations Support, Procurement & Strategic Sourcing$1.6M1960
Jerry F. Perkins Jr.Chief Administrative Officer—1970
Krzysztof SoltanChief Information Officer——
Mark D. WarrenVice President of Investor Relations——
Mitesh ShahSenior Vice President & Chief Human Resources Officer—1978

Executive pay, latest proxy

ExecutiveYearSalaryStock awardsIncentiveTotal
J. Thomas Hill Chairman and Chief Executive Officer2025$1.2M$7.9M$3.0M$14.7M
Thompson S. Baker, II President2025$800,000$5.5M$1.2M$8.4M
Ronnie A. Pruitt Chief Operating Officer2025$791,667$2.2M$1.2M$5.2M
David P. Clement Senior Vice President2025$613,333$2.4M$806,300$4.2M
Mary Andrews Carlisle Senior Vice President and Chief Financial Officer2025$697,500$1.5M$1.0M$3.8M

Employees

9k20189k20190k202012k202112k202210k202311k202411k2025

Dividends

Ex-dateAmountPaid
2026-11-09$0.522026-11-24
2026-08-13$0.522026-09-02
2026-05-22$0.522026-06-05
2026-03-09$0.522026-03-23
2025-11-10$0.492025-11-25
2025-08-14$0.492025-09-03
2025-05-23$0.492025-06-06
2025-03-10$0.492025-03-24

Moat model

Weak · Efficient Scale · 2026-06-30
Cost advantage49
Intangibles42
Switching costs55
Network effect40
Efficient scale61
Our component scores (0-100) and overall 49.2; 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

Sign in to InsiderStreet

You'll also get our free weekly newsletter with
smart money signals, market insights, and alpha ideas.
Unsubscribe anytime.

For informational purposes only. Not investment advice. Data sourced from SEC filings. Privacy Terms