Monday 2 November 2026 Export VMC’s income statement to Excel — free account

Vulcan Materials Company

Vulcan Materials Company’s revenue for fiscal 2025 (year ended December 2025) was $7.9 billion, up 7.06% from fiscal 2024.

Revenue: −4.67%
EPS: −1.02%
Free cash flow: −54.2%
Total debt: +0.11%

Quarter to September 2026, against a year earlier

289.85 8.60 +3.06%

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Market cap: $36.1B
P/E: 34.1×
Fwd P/E: 32.4×
Dividend yield: 0.89%
F-score: 9/9
Altman Z: 4.15
Beneish M: −2.68
Dividend safety: 80/100

Overview Earnings & Analysis Segments Filings

Vulcan Materials Company (VMC) revenue by segment, product and region

Where the money comes from and where it goes

Fiscal 2025: revenue by segment, and margins
Aggregates	6,297	79.30%
Asphalt	1,294	16.30%
Concrete	847	10.66%
Gross margin		27.38%
Operating margin		20.40%
Pre-tax margin		17.51%

Revenue by segment $m

Line	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018	FY2017	FY2016	FY2015	FY2014	FY2013
Aggregates	6,297 79.30%	5,950 80.21%	5,919 76.06%	5,281 72.19%	4,345 78.26%	3,944 81.21%	3,990 80.95%	3,240 73.91%	2,843 73.07%	2,741 76.30%	2,778 81.17%	2,346 78.37%	2,025 73.09%
Asphalt	1,294 16.30%	1,246 16.79%	1,141 14.66%	990 13.54%	778 14.01%	793 16.32%	856 17.36%	733 16.73%	622 15.99%	512 14.26%	531 15.51%	446 14.88%	408 14.71%
Concrete	847 10.66%	654 8.81%	1,249 16.05%	1,594 21.79%	767 13.81%	384 7.90%	396 8.03%	402 9.17%	418 10.74%	330 9.19%	299 8.74%	376 12.55%	472 17.03%
Calcium	—	—	—	—	7 0.12%	8 0.16%	8 0.17%	8 0.19%	8 0.20%	9 0.25%	9 0.25%	25 0.84%	99 3.57%
Eliminations	(497) (6.26%)	(431) (5.81%)	(527) (6.77%)	(549) (7.51%)	(344) (6.20%)	(271) (5.59%)	(321) (6.51%)	—	—	—	(194) (5.67%)	(199) (6.63%)	(233) (8.40%)
Revenue	7,941	7,418	7,782	7,315	5,552	4,857	4,929	4,383	3,890	3,593	3,422	2,994	2,771

Gross profit by segment $m, and margin

	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018	FY2017	FY2016	FY2015	FY2014	FY2013
Aggregates	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Asphalt	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Concrete	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Gross profit	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡

Revenue by region $m

Line	FY2015	FY2014
United States	3,411 99.67%	2,979 99.51%
Revenue	3,422	2,994

Operating figures as reported in each quarter’s results release or filing

Figure	Quarter	Latest	A year before	Change
Aggregates segment cash gross profit per ton	Q3 FY2026	$11.95	$11.84	+0.93%
Aggregates segment freight-adjusted cash cost of sales per ton	Q3 FY2026	$10.89	$10.17	+7.08%
Aggregates segment gross profit per ton	Q3 FY2026	$9.46	$9.46	0.00%
Aggregates - tons	Q3 FY2026	62.7M	64.7M	−3.09%
Asphalt Mix - sales price	Q3 FY2026	$85.49	$82.70	+3.37%
Asphalt Mix - tons	Q3 FY2026	3.9M	4.3M	−9.30%
Freight-adjusted sales price	Q3 FY2026	$22.84	$22.01	+3.77%
Ready-mixed concrete - cubic yards	Q3 FY2026	500.0K	1.2M	−58.33%
Ready-mixed concrete - sales price	Q3 FY2026	$192.21	$190.90	+0.69%

	Q3 FY2026	Q2 FY2026	Q1 FY2026	Q4 FY2025	Q3 FY2025	Q2 FY2025	Q1 FY2025	Q4 FY2024	Q3 FY2024	Q2 FY2024	Q1 FY2024	Q4 FY2023	Q3 FY2023
Aggregates segment cash gross profit per ton	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Aggregates segment freight-adjusted cash cost of sales per ton	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Aggregates segment gross profit per ton	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Aggregates - tons	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Asphalt Mix - sales price	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Asphalt Mix - tons	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Freight-adjusted sales price	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Ready-mixed concrete - cubic yards	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Ready-mixed concrete - sales price	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡

As each company reports them in its 10-K and 10-Q filings, in US dollars. Where a later filing recast a year's segments, the year is shown as recast; a period whose breakdown does not add up to the company's revenue is left out.