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United States Lime & Minerals, Inc.

USLM Basic Materials Building Materials

United States Lime & Minerals, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $372.7 million, up 17.3% from fiscal 2024. In the quarter to June 2026, revenue grew 8.31%, EPS grew 11.1% and free cash flow was flat, each against the same quarter a year earlier. Dividend growth for five consecutive years, revenue growth for five, operating cash flow growth for three; insiders bought in the last twelve months.

106.05 0.99 −0.92%
Market cap
$3.1B
P/E
22.6×
Fwd P/E
24.3×
Dividend yield
0.23%
F-score
5/9
Altman Z
44.31
Beneish M
−2.83
Dividend safety
89/100
Overview Business Profile Financial Analysis Income Statement Balance Sheet Cash Flow Metrics & Ratios 10-Q 10-K

Insider Decisions trades per month

Total buys 2.20
Total sells 2.35
Totals in millions of $.
Dec 25 Mar 26 Jun 26 Sep 26
Buy — — — — — — — — — — 1 —
Sell — — — — 1 — — — — — 1 —
Insider Ownership 62.56%

Capital & Financial Ratios $m

Market Cap 3,070.00
Revenue 376.92
Net Income 134.42
Free Cash Flow 92.11
Net Debt (402.64)
Current Ratio 27.54 (at or above 1.5: strong)
Debt/Equity 0.00 (at or below 0.5: strong)
P/E ratio 22.61
Fwd P/E 24.30
P/S ratio 8.07
P/B ratio 4.37
Past 5Y EPS Growth 36.10% (at or above 15%: strong)
This Y EPS Growth 7.92%
Next Y EPS Growth 13.10%
Next Y revenue growth 11.88% (at or above 10%: strong)
Next 5Y EPS Growth 9.79%

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

Valuation vs history

EV/Sales, ten years
EV/Sales is 7.1×, against a ten-year median of 3.1×; over the ten years it ranged from 2.0× in 2016 to 13.7× in 2024.
P/E against its own 10 years 57.50%
10-year low 10-year high
P/S against its own 10 years 81.83%
10-year low 10-year high
P/B against its own 10 years 77.70%
10-year low 10-year high
EV/Sales against its own 10 years 81.09%
10-year low 10-year high
EV/FCF against its own 10 years 75.29%
10-year low 10-year high

Dividends

Payout Ratio 0.05
Annual Dividend Rate 0.24
Annual Dividend Yield 0.23%
total individual payouts
2027 Powerpack
2026 0.94
0.06
0.06
0.06
2025 0.43
0.06
0.06
0.06
0.06
2024 0.20
0.05
0.05
0.05
0.05
2023 0.16
0.04
0.04
0.04
0.04
2022 0.16
0.04
0.04
0.04
0.04
2021 0.13
0.03
0.03
0.03
0.03
2020 0.13
0.03
0.03
0.03
0.03
2019 0.11
0.03
0.03
0.03
0.03
1.07
2018 0.11
0.03
0.03
0.03
0.03
2017 0.11
0.03
0.03
0.03
0.03
2016 0.10
0.03
0.03
0.03
0.03
predictions special payouts not included in total or ratios

Assets vs Liabilities $m

2023 2024 2025 Q'26
Cash 188 278 371 403
Receivables 38 44 48 61
Inventory 24 28 31 32
Other — — — —
255 355 455 500
2023 2024 2025 Q'26
Payables 7 9 15 10
ST’ Debt — — — —
Other — — — —
17 17 24 18

Compound Annual Growth %

10y 5y 3y
Sales 11.04% 18.32% 16.43%
Cash Flow 17.64% 23.01% 36.85%
Earnings 26.41% 36.61% 43.51%
Book Value 14.24% 21.00% 25.24%

Revenue $m

Mar Jun Sep Dec Year
’26 88 99 — — —
’25 91 92 102 88 373
’24 72 77 89 80 318
’23 67 74 75 66 281
’22 51 60 66 58 236
’21 42 49 52 46 189
’20 38 38 44 41 161
Fiscal quarters ending in the months shown.

Operating Cash Flow $m

Mar Jun Sep Dec Year
’26 32 39 — — —
’25 39 34 46 46 165
’24 27 21 39 39 126
’23 21 20 24 28 92
’22 8 14 22 20 64
’21 12 16 17 12 56
’20 12 16 15 17 59
Fiscal quarters ending in the months shown.

Free Cash Flow $m

Mar Jun Sep Dec Year
’26 14 21 — — —
’25 25 21 31 26 102
’24 20 17 34 28 99
’23 15 10 21 14 60
’22 3 8 15 13 39
’21 7 3 11 5 26
’20 5 11 12 13 42
Fiscal quarters ending in the months shown.

EPS $

Mar Jun Sep Dec Year
’26 1.06 1.20 — — —
’25 1.19 1.07 1.35 1.06 4.67
’24 0.78 0.91 1.16 0.94 3.79
’23 0.60 0.69 0.73 0.60 2.61
’22 0.31 0.36 0.55 0.38 1.60
’21 0.25 0.39 0.40 0.27 1.31
’20 0.20 0.22 0.33 0.26 1.00
Fiscal quarters ending in the months shown.

Target Price Range

Analyst price targets

Recommendation Rating

1
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 9.68 14.32 13.72 13.64 12.20 22.37 20.42 26.94 42.87 80.47

Analyst estimates 2026–2028

Powerpack
High 15.63 20.28 17.19 20.80 23.85 31.20 30.80 48.14 159.53 137.96
People
People Employees 321 318 287 282 317 308 338 333 345 346
Revenue/emp, $m 0.43 0.46 0.50 0.56 0.51 0.61 0.70 0.84 0.92 1.08
Income, $m
Income, $m Revenue 139 145 144 158 161 189 236 281 318 373
Gross margin, % 23.76 23.74 21.11 26.33 29.61 31.31 29.79 36.56 45.32 48.94
EBT 24 25 22 31 34 47 57 93 136 171
EBT margin, % 16.96 17.22 14.93 19.52 21.20 24.58 23.95 33.19 42.93 45.88
Net income 18 27 20 26 28 37 45 75 109 134
Depreciation 16 17 18 18 20 21 22 24 24 25
Per share, $
Per share, $ Revenue 5.00 5.19 5.16 5.64 5.71 6.69 8.33 9.88 11.12 13.02
Earnings 0.64 0.97 0.70 0.93 1.00 1.31 1.60 2.62 3.81 4.69
Cash flow 1.36 1.23 1.38 1.68 2.08 1.97 2.27 3.24 4.41 5.76
Capex (0.63) (0.74) (1.90) (0.95) (0.60) (1.05) (0.90) (1.12) (0.94) (2.18)
Free cash flow 0.73 0.49 (0.52) 0.73 1.48 0.92 1.37 2.12 3.47 3.58
Book value 6.45 7.36 7.97 7.74 8.64 9.84 11.32 13.81 17.42 22.03
Shares, m 28 28 28 28 28 28 28 28 29 29
Valuation, ×
Valuation, × P/E 23.38 15.90 20.17 19.50 22.71 19.69 17.13 17.57 34.88 25.53
P/S 2.97 2.99 2.75 3.20 3.99 3.86 3.29 4.65 11.94 9.20
P/B 2.30 2.11 1.78 2.33 2.64 2.62 2.42 3.33 7.62 5.44
EV/Sales 2.64 2.60 2.48 3.04 3.65 3.45 2.85 4.09 11.15 8.28
EV/FCF 18.03 27.78 (24.85) 23.49 14.04 25.04 17.30 19.07 35.74 30.11
Cash, $m
Cash, $m Operating cash flow 38 34 39 47 59 56 64 92 126 165
Capex (17) (21) (53) (27) (17) (30) (26) (32) (27) (62)
Free cash flow 20 14 (14) 20 42 26 39 60 99 102
Balance, $m
Balance, $m Working capital 96 109 93 83 112 139 174 237 338 432
Total debt — — — 3 2 3 6 — — —
Net debt (75) (85) (67) (54) (84) (105) (133) (188) (278) (371)
Shareholders’ equity 180 205 223 217 243 278 321 393 498 631
Returns, %
Returns, % ROA 8.73 12.38 8.32 10.60 10.73 12.45 13.28 18.44 22.13 21.94
ROIC 13.99 12.59 8.03 11.22 13.26 16.78 18.24 26.03 35.54 38.00
ROE 10.25 14.11 9.19 11.84 12.26 14.21 15.16 20.88 24.44 23.80
Negative figures in brackets.

All 10 years →

Fiscal years to Dec 2025 · latest quarter Jun 2026

Charts ten years each

United States Lime & Minerals, 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
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%
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
TTAM Titan America SA $2.5B 14.2× 14.4× +9.64% (above 0%: growing) −17.86% (below 0%: shrinking) −14.52% (below 0%: shrinking) 24.04% 13.33% Compare
TGLS Tecnoglass Holdings Inc. $1.7B 13.4× 15.6× +15.55% (above 0%: growing) −41.49% (below 0%: shrinking) −111.60% (below 0%: shrinking) 37.26% 12.38% Compare
LOMA Loma Negra Compania Industrial Argentina S.A. Sponsored ADR $1.2B 34.6× 17.5× +6.10% (above 0%: growing) +1,566.67% (above 0%: growing) +116.93% (above 0%: growing) 19.18% 7.91% Compare
CPAC Cementos Pacasmayo S.A.A. $1.1B 17.6× — +22.91% (above 0%: growing) +73.33% (above 0%: growing) +516.57% (above 0%: growing) 39.57% 24.41% Compare
RMIX Suncrete, Inc. $740.7M — — — n/m — 29.12% (8.98%) Compare
Median of peers $2.1B 17.6× 16.9× +12.57% −12.70% +19.76% 26.95% 12.86%

All 18 Building Materials stocks →

United States Lime & Minerals, Inc. (USLM) key facts

  • Strength: United States Lime & Minerals, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $372.7 million, up 17.3% from fiscal 2024.
  • Strength: Net income was $134.3 million, or $4.69 per share (basic), a net margin of 36.0%.
  • United States Lime & Minerals, Inc. (USLM) is a Building Materials company in the Basic Materials sector, listed on Nasdaq.
  • As of October 16, 2026, USLM traded at $106.05, a market capitalization of $3.1 billion.
  • At that price the stock trades at 22.6× trailing-twelve-month earnings and 8.1× sales; its P/E is higher than 57% of its own readings over the past ten years.
  • United States Lime & Minerals, Inc. pays an annual dividend of $0.24 per share, a yield of 0.23%, with a payout ratio of 5.14%.
  • Return on equity was 23.8% and debt-to-equity 0.00.
  • Its Piotroski F-score is 5 out of 9 and its Altman Z-score is 44.31 (safe zone) for fiscal 2025.

Source: company filings (standardised) and stockrow calculations.

United States Lime & Minerals, Inc. (USLM) Latest News

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