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Martin Marietta Materials, Inc.

MLM Basic Materials Building Materials

In the quarter to June 2026, revenue grew 21.0%, EPS fell 23.2%, free cash flow fell 107.7% and total debt rose 9.88%, each against the same quarter a year earlier. Member of the S&P 500; dividend growth for twenty-five consecutive years.

500.84 9.61 +1.96%
Market cap
$34.9B
P/E
12.3×
Fwd P/E
30.7×
Dividend yield
0.66%
F-score
7/9
Altman Z
3.81
Beneish M
−2.70
Dividend safety
80/100
Overview Business Profile Financial Analysis Income Statement Balance Sheet Cash Flow Metrics & Ratios Filings 10-Q 10-K

Insider Decisions trades per month

Dec 25 Mar 26 Jun 26 Sep 26
Buy — — — — — — — — — — — —
Sell — — — — — — — — — — — —
Insider Ownership 0.85%

Capital & Financial Ratios $m

Market Cap 34,890.00
Revenue 6,688.00
Net Income 2,457.00
Free Cash Flow 810.00
Net Debt 5,831.00
Current Ratio 1.41
Debt/Equity 0.52
P/E ratio 12.28
Fwd P/E 30.70
P/S ratio 4.50
P/B ratio 2.61
Past 5Y EPS Growth 10.22%
This Y EPS Growth 7.92%
Next Y EPS Growth 19.66% (at or above 15%: strong)
Next Y revenue growth 27.17% (at or above 10%: strong)
Next 5Y EPS Growth 14.75%

Green and red mark values outside typical ranges. How we judge →

Valuation vs history

EV/Sales, ten years
EV/Sales is 5.4×, against a ten-year median of 4.3×; over the ten years it ranged from 2.8× in 2016 to 7.8× in 2025.
P/E against its own 10 years 0.85%
10-year low 10-year high
P/S against its own 10 years 67.67%
10-year low 10-year high
P/B against its own 10 years 14.23%
10-year low 10-year high
EV/Sales against its own 10 years 71.77%
10-year low 10-year high
EV/FCF against its own 10 years 44.08%
10-year low 10-year high

Dividends

Payout Ratio 0.08
Annual Dividend Rate 3.33
Annual Dividend Yield 0.66%
total individual payouts
2028 Powerpack
2027 Powerpack
2026 3.46
0.83
0.83
0.84
2025 3.24
0.79
0.79
0.83
0.83
2024 3.06
0.74
0.74
0.79
0.79
2023 2.80
0.66
0.66
0.74
0.74
2022 2.54
0.61
0.61
0.66
0.66
2021 2.36
0.57
0.57
0.61
0.61
2020 2.24
0.55
0.55
0.57
0.57
2019 2.06
0.48
0.48
0.55
0.55
2018 1.84
0.44
0.44
0.48
0.48
2017 1.72
0.42
0.42
0.44
0.44
2016 1.64
0.40
0.40
0.42
0.42
predictions special payouts not included in total or ratios

Assets vs Liabilities $m

2023 2024 2025 Q'26
Cash 1,282 670 67 120
Receivables 753 678 723 1,020
Inventory 989 1,018 1,078 1,169
Other 895 83 1,325 137
3,919 2,449 3,193 2,446
2023 2024 2025 Q'26
Payables 343 375 389 349
ST’ Debt 400 125 30 860
Other 178 183 212 288
1,170 1,002 895 1,739

Compound Annual Growth %

10y 5y 3y
Sales 5.68% 5.39% (0.06%)
Cash Flow 11.89% 11.19% 21.67%
Earnings 14.69% 9.54% 9.46%
Book Value 9.47% 11.23% 11.84%

Revenue $m

Mar Jun Sep Dec Year
’26 1,362 1,947 — — —
’25 1,162 1,609 1,846 1,533 6,150
’24 1,251 1,764 1,642 1,005 5,662
’23 1,354 1,821 1,994 682 5,851
’22 1,231 1,642 1,812 1,477 6,161
’21 982 1,378 1,557 1,496 5,414
’20 958 1,271 1,321 1,180 4,730
Fiscal quarters ending in the months shown.

Operating Cash Flow $m

Mar Jun Sep Dec Year
’26 227 112 — — —
’25 218 387 551 629 1,785
’24 172 1 600 686 1,459
’23 161 358 454 555 1,528
’22 170 116 275 430 991
’21 192 249 339 357 1,138
’20 107 267 311 366 1,050
Fiscal quarters ending in the months shown.

Free Cash Flow $m

Mar Jun Sep Dec Year
’26 41 (16) — — —
’25 (15) 208 361 424 978
’24 (28) (138) 317 453 604
’23 (13) 239 283 369 878
’22 31 34 186 257 509
’21 82 147 231 256 715
’20 3 195 236 257 690
Fiscal quarters ending in the months shown.

EPS $

Mar Jun Sep Dec Year
’26 25.06 4.17 — — —
’25 1.90 5.43 6.85 4.62 18.77
’24 16.87 4.76 5.91 4.79 32.41
’23 1.95 5.61 6.72 4.55 18.82
’22 0.34 5.86 4.73 2.95 13.87
’21 1.04 3.61 4.07 2.50 11.22
’20 0.41 3.49 4.71 2.93 11.54
Fiscal quarters ending in the months shown.

Target Price Range

Analyst price targets

Recommendation Rating

1.9
1Buy 2 3Hold 4 5Sell

Ten years at a glance Fiscal years to December

Group Line 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 Trend 2026e 2027e 2028e
Price, $
Price, $ Low 108.31 191.09 150.75 167.62 135.08 274.64 284.99 317.94 479.67 441.95

Analyst estimates 2026–2028

Powerpack
High 236.41 244.32 241.33 281.17 287.51 445.00 446.46 500.91 633.23 665.18
People
People Employees 8,111 8,406 8,714 8,846 8,700 10,000 9,400 9,400 9,400 9,600
Revenue/emp, $m 0.47 0.47 0.49 0.54 0.54 0.54 0.66 0.62 0.60 0.64
Income, $m
Income, $m Revenue 3,819 3,966 4,244 4,739 4,730 5,414 6,161 5,851 5,662 6,150
Gross margin, % 23.88 24.51 22.77 24.88 26.49 24.91 23.10 29.82 28.89 30.72
EBT 607 619 576 748 889 856 1,091 1,226 2,366 1,226
EBT margin, % 15.90 15.61 13.57 15.79 18.80 15.80 17.71 20.95 41.79 19.93
Net income 425 713 470 612 721 703 867 1,170 1,996 1,137
Depreciation 285 297 344 372 394 452 506 513 573 637
Per share, $
Per share, $ Revenue 60.03 63.05 67.48 75.83 75.92 86.76 98.89 94.52 92.22 101.65
Earnings 6.66 11.30 7.46 9.77 11.56 11.26 13.91 18.88 32.50 18.81
Cash flow 10.83 10.45 11.21 15.46 16.86 18.23 15.91 24.69 23.76 29.50
Capex (6.09) (6.52) (5.98) (6.30) (5.77) (6.78) (7.74) (10.50) (13.93) (13.34)
Free cash flow 4.74 3.93 5.23 9.16 11.08 11.45 8.17 14.18 9.84 16.17
Book value 65.12 74.44 78.69 85.65 94.60 104.77 115.13 129.82 154.01 165.85
Shares, m 64 63 63 63 62 62 62 62 61 61
Valuation, ×
Valuation, × P/E 33.48 19.89 23.04 28.62 24.54 39.12 24.31 25.99 15.93 33.05
P/S 3.72 3.57 2.55 3.69 3.74 5.08 3.42 5.19 5.60 6.13
P/B 3.43 3.02 2.18 3.26 3.00 4.20 2.94 3.78 3.35 3.75
EV/Sales 4.15 3.97 3.27 4.27 4.24 5.98 4.07 5.72 6.44 6.98
EV/FCF 52.51 63.62 42.19 35.33 29.06 45.34 49.21 38.11 60.36 43.89
Cash, $m
Cash, $m Operating cash flow 689 658 705 966 1,050 1,138 991 1,528 1,459 1,785
Capex (387) (410) (376) (393) (360) (423) (482) (650) (855) (807)
Free cash flow 302 247 329 573 690 715 509 878 604 978
Balance, $m
Balance, $m Working capital 540 1,937 579 588 1,169 1,273 1,431 2,749 1,447 2,298
Total debt 1,686 3,027 3,120 2,774 2,678 5,168 5,040 4,346 5,413 5,323
Net debt 1,636 1,581 3,076 2,753 2,373 4,909 3,977 3,064 4,743 5,256
Shareholders’ equity 4,143 4,682 4,949 5,353 5,893 6,538 7,173 8,036 9,456 10,034
Returns, %
Returns, % ROA 5.97 8.76 5.07 6.22 6.96 5.63 5.90 7.76 11.98 6.17
ROIC 7.32 6.99 5.38 6.82 7.60 5.32 6.77 7.51 10.91 5.87
ROE 10.37 16.17 9.76 11.88 12.82 11.30 12.65 15.37 22.81 11.67
Negative figures in brackets.

All 10 years →

Fiscal years to Dec 2025 · latest quarter Jun 2026

Charts ten years each

Martin Marietta Materials, Inc. vs peers in Building Materials (Q) = latest quarter vs a year earlier

Company Market cap P/E Fwd P/E Revenue growth (Q) EPS growth (Q) FCF growth (Q) Gross margin (Q) EBIT margin (Q) Compare
CRH CRH PLC $54.8B 14.6× 17.7× +5.59% (above 0%: growing) +13.85% (above 0%: growing) −25.90% (below 0%: shrinking) 39.84% 18.81% Compare
MLM Martin Marietta Materials, Inc. $34.9B 12.3× 30.7× +21.01% (above 0%: growing) −23.16% (below 0%: shrinking) −107.69% (below 0%: shrinking) 25.42% 19.11%
VMC Vulcan Materials Company $32.7B 30.2× 30.5× +2.54% (above 0%: growing) +2.47% (above 0%: growing) −30.88% (below 0%: shrinking) 29.01% 21.13% Compare
AMRZ Amrize Ltd $20.4B 17.3× 20.6× +8.58% (above 0%: growing) +11.54% (above 0%: growing) −4.55% (below 0%: shrinking) 28.42% 20.32% Compare
CX Cemex S.A.B. de C.V. $15.2B 29.3× 12.1× +12.24% (above 0%: growing) +9.09% (above 0%: growing) −33.65% (below 0%: shrinking) 35.22% 13.74% Compare
JHX James Hardie Industries PLC. $15.0B 103× 22.4× +63.86% (above 0%: growing) +20.00% (above 0%: growing) +145.13% (above 0%: growing) 37.21% 14.76% Compare
EXP Eagle Materials Inc $5.2B 13.4× 16.3× +2.56% (above 0%: growing) −12.70% (below 0%: shrinking) −44.46% (below 0%: shrinking) 24.77% 22.10% Compare
USLM United States Lime & Minerals, Inc. $3.1B 22.6× 24.3× +8.31% (above 0%: growing) +11.11% (above 0%: growing) +0.98% (above 0%: growing) 47.13% 41.01% Compare
KNF Knife River Corporation $2.8B 20.4× 22.4× +12.57% (above 0%: growing) −13.48% (below 0%: shrinking) +19.76% (above 0%: growing) 17.34% 8.64% Compare
Median of peers $15.1B 21.5× 21.5× +8.45% +10.10% −15.22% 32.12% 19.57%

All 18 Building Materials stocks →

MLM metrics, ten years each

Martin Marietta Materials, Inc. (MLM) key facts

  • Concern: Net income was $1.1 billion, or $18.81 per share (basic), a net margin of 18.5%.
  • Martin Marietta Materials, Inc. (MLM) is a Building Materials company in the Basic Materials sector, listed on the New York Stock Exchange.
  • As of October 16, 2026, MLM traded at $500.84, a market capitalization of $34.9 billion.
  • At that price the stock trades at 12.3× trailing-twelve-month earnings and 4.5× sales; its P/E is higher than 1% of its own readings over the past ten years.
  • Martin Marietta Materials, Inc. pays an annual dividend of $3.33 per share, a yield of 0.66%, with a payout ratio of 8.18%.
  • Return on equity was 11.7% and debt-to-equity 0.52.
  • Its Piotroski F-score is 7 out of 9 and its Altman Z-score is 3.81 (safe zone) for fiscal 2025.

Source: company filings (standardised) and stockrow calculations.

Martin Marietta Materials, Inc. (MLM) Latest News

1 Sep

Impact 5 ·

29 Jun

Impact 5 ·
Impact 5 ·
Impact 5 ·
stockrow.com/MLM · Data as of Jun 30, 2026 · For information only; not investment advice. · © 2026 stockrow.com