MLMNYSEMining & Quarrying of Nonmetallic Minerals (No Fuels)Fiscal year ends December 31
MARTIN MARIETTA MATERIALS INC
Financials through Q2 FY2026, quarter ended Jun 30, 2026Last filing: 10-Q on Jul 30, 2026
$501.65+0.81 (+0.16%)
Close on Oct 19, 2026
- Market cap
- $30.20B
- P/E (TTM)
- 12.3
- Dividend yield
- 0.65%
Margins
Share of revenue, fiscal years 2011 to 2025
Gross margin
30.7%+4.2 pts over 5 years
Operating margin
23.4%+2.1 pts over 5 years
Net margin
18.5%+3.2 pts over 5 years
Growth rates
Compound annual growth to fiscal 2025
| Per year | 1 year | 3 years | 5 years | 10 years | Five-year pace |
|---|---|---|---|---|---|
| Revenue | +8.6% | -0.1% | +5.4% | +5.7% | |
| Gross profit | +15.5% | +9.9% | +8.6% | +10.0% | |
| Operating income | -42.0% | +6.0% | +7.4% | +11.3% | |
| Net income | -43.0% | +9.5% | +9.5% | +14.7% | |
| EPS, diluted | -42.1% | +10.6% | +10.2% | +15.9% | |
| Free cash flow | +61.9% | +24.3% | +7.2% | +14.1% | |
| Dividend per share | +5.9% | +8.5% | +7.7% | +7.0% |
Returns and balance sheet
10 fiscal years. Hover a measure to see how it is calculated.
| Measure | FY2016 | FY2020 | FY2025 | Trend |
|---|---|---|---|---|
| Return on equity | 10.4% | 12.8% | 11.7% | |
| Return on assets | 6.0% | 7.0% | 6.2% | |
| Current ratio | 1.99 | 3.34 | 3.57 | |
| Debt to equity | 0.41 | 0.45 | 0.53 | |
| Net debt to EBITDA | 1.70× | 1.66× | 2.53× | |
| Interest coverage | 8.3× | 8.5× | 6.2× | |
| Inventory turnover | 5.9× | 5.0× | 4.1× | |
| Capex to revenue | 10.1% | 7.6% | 13.1% | |
| Diluted shares | 64M | 62M | 61M |
Where the cash went
Fiscal 2021 to 2025, five years combined
Martin Marietta Materials generated $6.90B from operations and spent $5.28B on capital expenditure, dividends and share buybacks. 61% of that went back into the business.
Generated
$6.90B
Used
$5.28B
Capital expenditure$3.22B61%Dividends$867.80M16%Share buybacks$1.20B23%
DuPont analysis
Return on equity split into margin, efficiency and leverage
Net margin18.5%
×Asset turnover0.33×
×Equity multiplier1.89×
=Return on equity, FY202511.7%
| Fiscal year | Net margin | Asset turnover | Equity multiplier | Return on equity |
|---|---|---|---|---|
| FY2025 | 18.5% | 0.33× | 1.89× | 11.7% |
| FY2024 | 35.2% | 0.34× | 1.90× | 22.8% |
| FY2023 | 20.0% | 0.39× | 1.98× | 15.4% |
| FY2022 | 14.1% | 0.42× | 2.14× | 12.7% |
| FY2021 | 13.0% | 0.43× | 2.01× | 11.3% |
| FY2020 | 15.2% | 0.46× | 1.84× | 12.8% |
| FY2019 | 12.9% | 0.48× | 1.91× | 11.9% |
| FY2018 | 11.1% | 0.46× | 1.93× | 9.8% |
| FY2017 | 18.0% | 0.49× | 1.85× | 16.2% |
| FY2016 | 11.1% | 0.54× | 1.74× | 10.4% |
Piotroski F-Score
Nine tests of profitability, balance sheet and efficiency, fiscal 2025 against fiscal 2024
7of 9 tests passed in fiscal 2025. Scores of 7 to 9 are usually read as strong.
- ProfitableNet income above zero$1.14B
- Cash generatingOperating cash flow above zero$1.79B
- Return on assets improvedROA up on the prior year13.2% → 6.3%
- Earnings backed by cashOperating cash flow above net income$1.79B vs $1.14B
- Less leverageLong-term debt to assets fell29.1% → 28.3%
- Better liquidityCurrent ratio rose2.44 → 3.57
- No dilutionShare count did not rise62M → 61M
- Gross margin improvedGross margin up on the prior year28.89% → 30.72%
- More efficientAsset turnover rose0.37 → 0.34