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United States Lime & Minerals, Inc. manufactures and supplies lime and limestone products in the United States. It extracts limestone from open-pit quarries and an underground mine, and processes it as pulverized limestone, quicklime, hydrated lime, and lime slurry. The company supplies its products primarily to the construction customers, including highway, road, and building contractors; industrial customers, such as paper and glass manufacturers; environmental customers comprising municipal sanitation and water treatment facilities, and flue gas treatment processes; oil and gas services companies; roof shingle manufacturers; and poultry producers, as well as steel producers. In addition, the company has various royalty interests with respect to oil and gas rights in natural gas wells located in Johnson County, Texas in the Barnett Shale Formation. The company was incorporated in 1950 and is headquartered in Dallas, Texas. United States Lime & Minerals, Inc. is a subsidiary of Inberdon Enterprises Ltd.
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 | $373M | $183M | $134M | $102M | 21.3% | 17.3% | 23.4% |
| 2024 | $318M | $149M | $109M | $99M | 21.9% | 12.9% | 46.0% |
| 2023 | $281M | $109M | $75M | $58M | 19.0% | 19.1% | 64.1% |
| 2022 | $236M | $77M | $45M | $38M | 14.1% | - | - |
Income statement, balance sheet, and cash flow as reported
Consolidated Figures in USD Millions.
| Metric | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| Total Revenue | 236.15 | 281.33 | 317.72 | 372.73 |
| Cost Of Revenue | 165.81 | 178.46 | 173.74 | 190.33 |
| Gross Profit | 70.34 | 102.87 | 143.98 | 182.40 |
| Operating Expense | 15.56 | 17.45 | 19.06 | 24.54 |
| Operating Income | 54.78 | 85.42 | 124.92 | 157.86 |
| EBITDA | 76.98 | 109.25 | 149.09 | 183.08 |
| EBIT | 54.78 | 85.42 | 124.92 | 157.86 |
| Pretax Income | 56.56 | 93.36 | 136.38 | 171.02 |
| Tax Provision | 11.13 | 18.81 | 27.54 | 36.74 |
| Net Income | 45.43 | 74.55 | 108.84 | 134.28 |
| Net Income Common Stockholders | 45.43 | 74.55 | 108.84 | 134.28 |
| Total Expenses | 181.37 | 195.91 | 192.80 | 214.87 |
| Interest Expense | 0.25 | 0 | 0 | 0 |
| Interest Income | 2.03 | 0 | 0 | 0 |
| Selling General And Administration | 15.56 | 17.15 | 18.74 | 24.20 |
| Normalized EBITDA | 76.98 | 109.25 | 149.09 | 183.08 |
| Normalized Income | 45.43 | 74.55 | 108.84 | 134.28 |
| Basic EPS | 1.60 | 2.62 | 3.81 | 4.69 |
| Diluted EPS | 1.60 | 2.61 | 3.79 | 4.67 |
| Tax Effect Of Unusual Items | 0 | 0 | 0 | 0 |
| Tax Rate For Calcs | 0.20 | 0.20 | 0.20 | 0.21 |
| Total Unusual Items | 0 | 0 | 0 | 0 |
| Total Unusual Items Excluding Goodwill | 0 | 0 | 0 | 0 |
| Net Income From Continuing Operation Net Minority Interest | 45.43 | 74.55 | 108.84 | 134.28 |
| Reconciled Depreciation | 22.20 | 23.83 | 24.17 | 25.22 |
| Reconciled Cost Of Revenue | 165.81 | 154.93 | 149.89 | 165.45 |
| Net Interest Income | 1.78 | 0 | 0 | 0 |
| Net Income From Continuing And Discontinued Operation | 45.43 | 74.55 | 108.84 | 134.28 |
| Total Operating Income As Reported | 54.78 | 85.42 | 124.92 | 157.86 |
| Diluted Average Shares | 28.40 | 28.54 | 28.68 | 28.73 |
| Basic Average Shares | 28.36 | 28.46 | 28.57 | 28.64 |
| Diluted NI Availto Com Stockholders | 45.43 | 74.55 | 108.84 | 134.28 |
| Net Income Including Noncontrolling Interests | 45.43 | 74.55 | 108.84 | 134.28 |
| Net Income Continuous Operations | 45.43 | 74.55 | 108.84 | 134.28 |
| Other Income Expense | 1.78 | 7.94 | 11.46 | 13.16 |
| Other Non Operating Income Expenses | 1.78 | 7.94 | 11.46 | 13.16 |
| Special Income Charges | 0 | 0 | 0 | 0 |
| Impairment Of Capital Assets | 0 | 0 | 0 | 0 |
| Net Non Operating Interest Income Expense | 1.78 | 0 | 0 | 0 |
| Interest Expense Non Operating | 0.25 | 0 | 0 | 0 |
| Interest Income Non Operating | 2.03 | 0 | 0 | 0 |
| Depreciation Amortization Depletion Income Statement | 0 | 0.29 | 0.32 | 0.34 |
| Depreciation And Amortization In Income Statement | 0 | 0.29 | 0.32 | 0.34 |
| Depreciation Income Statement | 0 | 0.29 | 0.32 | 0.34 |
| Operating Revenue | 236.15 | 281.33 | 317.72 | 372.73 |
Basic Materials sector peers, ranked by market cap
| Company | Ticker | Market Cap | P/E | P/B | ROE | EV/EBITDA |
|---|---|---|---|---|---|---|
| United States Lime & Minerals, Inc.this co. | USLM | $3.7B | 27.46↑ premium | 5.82 | 21.3% | 18.03 |
| USA Rare Earth, Inc. | USAR | $4.8B | - | 6.62 | -60.2% | -96.24 |
| Constellium SE | CSTM | $4.4B | 16.79 | 4.58 | 28.1% | 7.60 |
| Cabot Corporation | CBT | $4.0B | 13.24 | 2.51 | 19.4% | 6.56 |
| NovaGold Resources Inc. | NG |
| $3.4B |
| - |
| 7.70 |
| -57.8% |
| -109.35 |
| Avient Corporation | AVNT | $3.3B | 40.65 | 1.40 | 3.4% | 8.87 |
| Perpetua Resources Corp. | PPTA | $3.3B | - | 3.78 | - | -20.07 |
| Titan America SA | TTAM | $3.0B | 15.91 | 2.87 | 17.9% | 8.97 |
| Calumet, Inc. | CLMT | $2.8B | - | -3.85 | 6.9% | 23.77 |
| Peer Median | - | 16.35 | 3.32 | 6.9% | 7.08 | |