Loading…
Martin Marietta Materials, Inc., a natural resource-based building materials company, supplies aggregates and heavy-side building materials to the construction industry in the United States and internationally. It operates through East Group and West Group segments. The company offers crushed stone, sand, and gravel products; ready mixed concrete and asphalt; and paving products and services for use in the infrastructure projects, and nonresidential and residential construction projects, as well as in the railroad, agricultural, utility, and environmental industries. It also produces magnesia-based chemicals products, and dolomitic lime primarily to customers for steel production and soil stabilization. Its chemical products are used in flame retardants, wastewater treatment, pulp and paper production, and other applications. The company was founded in 1939 and is based in Raleigh, North Carolina.
5-year financial trends. Figures in USD millions.
Latest fiscal year: 2025
Year-by-year revenue, profitability, and cash flow (USD millions, last 10 years)
| Year | Revenue | EBITDA | Net Profit | FCF | ROE | Rev Growth 1Y | NP Growth 1Y |
|---|---|---|---|---|---|---|---|
| 2025 | $6.2B | $2.1B | $1.1B | $978M | 11.3% | 8.6% | -43.0% |
| 2024 | $5.7B | $3.1B | $2.0B | $604M | 21.1% | -3.2% | 70.7% |
| 2023 | $5.9B | $1.9B | $1.2B | $878M | 14.6% | -5.0% | 34.8% |
| 2022 | $6.2B | $1.8B | $867M | $509M | 12.1% | - | - |
| 2021 |
Income statement, balance sheet, and cash flow as reported
Consolidated Figures in USD Millions.
| Metric | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Total Revenue | - | 6,161 | 5,851 | 5,662 | 6,150 |
| Operating Revenue | - | 6,161 | 5,851 | 5,662 | 6,150 |
| Cost Of Revenue | - | 4,738 | 4,106 | 4,026 | 4,261 |
| Gross Profit | - | 1,423 | 1,745 | 1,636 | 1,889 |
| Operating Expense | - | 207 | 420 | 385 | 434 |
| Selling General And Administration | - | 397 | 425 | 429 | 443 |
| Total Expenses | - | 4,945 | 4,526 | 4,411 | 4,695 |
| Operating Income | - | 1,216 | 1,325 | 1,251 | 1,455 |
| Total Operating Income As Reported | - | 1,207 | 1,333 | 2,479 | 1,437 |
| EBITDA | - | 1,766 | 1,904 | 3,108 | 2,093 |
| Normalized EBITDA | - | 1,775 | 1,896 | 1,880 | 2,111 |
| EBIT | - | 1,260 | 1,391 | 2,535 | 1,456 |
| Interest Expense | - | 169 | 165 | 169 | 230 |
| Net Interest Income | - | -169 | -165 | -169 | -230 |
| Other Non Operating Income Expenses | - | 53 | 58 | 56 | 19 |
| Other Income Expense | - | 44 | 66 | 1,284 | 1 |
| Interest Expense Non Operating | - | 169 | 165 | 169 | 230 |
| Net Non Operating Interest Income Expense | - | -169 | -165 | -169 | -230 |
| Pretax Income | - | 1,091 | 1,226 | 2,366 | 1,226 |
| Tax Provision | - | 235 | 234 | 550 | 236 |
| Tax Rate For Calcs | - | 0 | 0 | 0 | 0 |
| Tax Effect Of Unusual Items | - | -1.94 | 1.53 | 284.90 | -3.46 |
| Net Income Continuous Operations | - | 856 | 992 | 1,816 | 990 |
| Net Income From Continuing And Discontinued Operation | - | 867 | 1,169 | 1,995 | 1,137 |
| Net Income From Continuing Operation Net Minority Interest | - | 856 | 991 | 1,815 | 990 |
| Net Income | - | 867 | 1,169 | 1,995 | 1,137 |
| Net Income Common Stockholders | - | 867 | 1,169 | 1,995 | 1,137 |
| Net Income Including Noncontrolling Interests | - | 867 | 1,170 | 1,996 | 1,137 |
| Normalized Income | - | 863.06 | 984.53 | 871.90 | 1,004.54 |
| Diluted NI Availto Com Stockholders | - | 867 | 1,169 | 1,995 | 1,137 |
| Basic Average Shares | - | 62.30 | 61.90 | 61.40 | 60.50 |
| Diluted Average Shares | - | 62.50 | 62.10 | 61.60 | 60.60 |
| Reconciled Depreciation | - | 506 | 513 | 573 | 637 |
| Reconciled Cost Of Revenue | - | 4,738 | 4,106 | 4,026 | 4,261 |
| Total Unusual Items | - | -9 | 8 | 1,228 | -18 |
| Total Unusual Items Excluding Goodwill | - | -9 | 8 | 1,228 | -18 |
| Minority Interests | - | 0 | -1 | -1 | 0 |
| Net Income Discontinuous Operations | - | 11 | 178 | 180 | 147 |
| Special Income Charges | - | -9 | 8 | 1,228 | -18 |
| Gain On Sale Of Business | - | - | - | 1,300 | - |
| Restructuring And Mergern Acquisition | - | 9 | 12 | 100 | 36 |
| Gain On Sale Of Ppe | - | - | 20 | 28 | 18 |
| Other Operating Expenses | - | -190 | -5 | -44 | -9 |
| Otherunder Preferred Stock Dividend | 0.70 | 10.50 | -30.90 | - | - |
Basic Materials sector peers, ranked by market cap
| Company | Ticker | Market Cap | P/E | P/B | ROE | EV/EBITDA |
|---|---|---|---|---|---|---|
| Martin Marietta Materials, Inc.this co. | MLM | $34.9B | 30.68↑ premium | 3.48 | 11.3% | 19.36 |
| Steel Dynamics, Inc. | STLD | $39.9B | 33.68 | 4.46 | 13.2% | 20.51 |
| Vulcan Materials Company | VMC | $36.7B | 34.11 | 4.31 | 12.6% | 17.57 |
| Dow Inc. | DOW | $25.1B | -9.56 | 1.57 | -16.4% | 34.39 |
| PPG Industries, Inc. | PPG |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| $25.0B |
| 15.83 |
| 3.14 |
| 19.8% |
| 10.91 |
| LyondellBasell Industries N.V. | LYB | $21.4B | - | 2.12 | -7.5% | 28.02 |
| Albemarle Corporation | ALB | $19.5B | - | 2.05 | -7.1% | 67.51 |
| DuPont de Nemours, Inc. | DD | $19.3B | -24.78 | 1.39 | -5.6% | 18.78 |
| International Flavors & Fragrances Inc. | IFF | $18.7B | - | 1.32 | -2.6% | 31.74 |
| Peer Median | - | 15.83 | 2.08 | -4.1% | 24.26 | |