VMCNYSEMining & Quarrying of Nonmetallic Minerals (No Fuels)Fiscal year ends December 31
Vulcan Materials CO
Financials through Q1 FY2026, quarter ended Mar 31, 2026Last filing: 10-Q on Jul 29, 2026
$257.45−0.18 (-0.07%)
Close on Oct 19, 2026
- Market cap
- $33.78B
- P/E (TTM)
- 30.6
- Dividend yield
- 0.76%
Margins
Share of revenue, fiscal years 2011 to 2025
Gross margin
27.4%+1.0 pts over 5 years
Operating margin
20.4%+2.0 pts over 5 years
Net margin
13.6%+1.5 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 | +7.1% | +2.8% | +10.3% | +8.8% | |
| Gross profit | +8.8% | +11.8% | +11.2% | +9.8% | |
| Operating income | +18.7% | +19.4% | +12.6% | +11.4% | |
| Net income | +18.1% | +23.2% | +13.0% | +17.1% | |
| EPS, diluted | +18.4% | +23.5% | +13.1% | +17.3% | |
| Free cash flow | +40.8% | +28.5% | +9.9% | +17.3% | |
| Dividend per share | +6.5% | +7.0% | +7.6% | +17.2% |
Returns and balance sheet
10 fiscal years. Hover a measure to see how it is calculated.
| Measure | FY2016 | FY2020 | FY2025 | Trend |
|---|---|---|---|---|
| Return on equity | 9.3% | 10.0% | 12.9% | |
| Return on assets | 5.0% | 5.2% | 6.4% | |
| Current ratio | 3.05 | 2.17 | 2.69 | |
| Debt to equity | 0.43 | 0.55 | 0.51 | |
| Net debt to EBITDA | 1.80× | 1.62× | 1.76× | |
| Interest coverage | 5.0× | 6.6× | 6.8× | |
| Inventory turnover | 7.5× | 7.9× | 8.5× | |
| Capex to revenue | 9.7% | 7.5% | 8.5% | |
| Diluted shares | 136M | 133M | 133M |
Where the cash went
Fiscal 2021 to 2025, five years combined
Vulcan Materials generated $6.92B from operations and spent $5.07B on capital expenditure, dividends and share buybacks. 64% of that went back into the business.
Generated
$6.92B
Used
$5.07B
Capital expenditure$3.22B64%Dividends$1.14B23%Share buybacks$707.20M14%
DuPont analysis
Return on equity split into margin, efficiency and leverage
Net margin13.6%
×Asset turnover0.47×
×Equity multiplier2.03×
=Return on equity, FY202512.9%
| Fiscal year | Net margin | Asset turnover | Equity multiplier | Return on equity |
|---|---|---|---|---|
| FY2025 | 13.6% | 0.47× | 2.03× | 12.9% |
| FY2024 | 12.3% | 0.47× | 2.03× | 11.7% |
| FY2023 | 12.0% | 0.54× | 2.00× | 13.0% |
| FY2022 | 7.9% | 0.52× | 2.07× | 8.5% |
| FY2021 | 12.1% | 0.44× | 2.02× | 10.7% |
| FY2020 | 12.0% | 0.43× | 1.92× | 10.0% |
| FY2019 | 12.5% | 0.48× | 1.89× | 11.4% |
| FY2018 | 11.8% | 0.45× | 1.90× | 10.1% |
| FY2017 | 15.5% | 0.43× | 1.88× | 12.6% |
| FY2016 | 11.7% | 0.43× | 1.86× | 9.3% |
Piotroski F-Score
Nine tests of profitability, balance sheet and efficiency, fiscal 2025 against fiscal 2024
8of 9 tests passed in fiscal 2025. Scores of 7 to 9 are usually read as strong.
- ProfitableNet income above zero$1.08B
- Cash generatingOperating cash flow above zero$1.81B
- Return on assets improvedROA up on the prior year6.3% → 6.3%
- Earnings backed by cashOperating cash flow above net income$1.81B vs $1.08B
- Less leverageLong-term debt to assets fell28.7% → 26.1%
- Better liquidityCurrent ratio rose1.83 → 2.69
- No dilutionShare count did not rise133M → 133M
- Gross margin improvedGross margin up on the prior year26.96% → 27.38%
- More efficientAsset turnover rose0.51 → 0.46