Financials · MLM

Martin Marietta Materials Inc. (MLM) financials

For the twelve months ended Sep 30, 2026, Martin Marietta Materials Inc. reported $7.21B of revenue and $2.30B of net income.

Revenue, TTM
$7.21B
Revenue growth, YoY
+19.6%
Net income, TTM
$2.30B
Net income growth, YoY
+99.6%
Net margin
31.9%
Free cash flow, TTM
$875.00M
EPS, diluted, TTM
$37.76
EPS growth, YoY
+98.2%
Cash
$140.00M
Total debt
$12.82B
P/E
16.03
P/S
5.11
Market cap
$36.85B
Annual revenue$6.15B
FY2016FY2025
Annual net income$1.14B
FY2016FY2025
Annual free cash flow$978.00M
FY2016FY2025

MLM revenue and earnings growth

MLM revenueQ3 2026$2.37B

Quarter YoY
+28.3%
QoQ
+21.7%
FY YoY
+8.6%
5Y CAGR
+5.4%
10Y CAGR
+5.7%

MLM revenue was $2.37B in fiscal Q3 2026 (ended Sep 30, 2026), up 28.3% from a year earlier and up 21.7% from the prior quarter. For the full fiscal 2025 it was $6.15B, up 8.6% from fiscal 2024. Compound annual growth was +5.4% over 5 years and +5.7% over 10 years. It rose in 7 of the last 10 fiscal years.

MLM net incomeQ3 2026$256.00M

Quarter YoY
-38.2%
QoQ
+2.0%
FY YoY
-43.0%
5Y CAGR
+9.5%
10Y CAGR
+14.7%

MLM net income was $256.00M in fiscal Q3 2026 (ended Sep 30, 2026), down 38.2% from a year earlier and up 2.0% from the prior quarter. For the full fiscal 2025 it was $1.14B, down 43.0% from fiscal 2024. Compound annual growth was +9.5% over 5 years and +14.7% over 10 years. It rose in 7 of the last 10 fiscal years.

MLM EPSQ3 2026$3.94

Quarter YoY
-42.5%
QoQ
-5.5%
FY YoY
-42.1%
5Y CAGR
+10.2%
10Y CAGR
+15.9%

MLM diluted EPS was $3.94 in fiscal Q3 2026 (ended Sep 30, 2026), down 42.5% from a year earlier and down 5.5% from the prior quarter. For the full fiscal 2025 it was $18.77, down 42.1% from fiscal 2024. Compound annual growth was +10.2% over 5 years and +15.9% over 10 years.

MLM free cash flowQ3 2026$426.00M

Quarter YoY
+18.0%
FY YoY
+61.9%
5Y CAGR
+7.2%
10Y CAGR
+14.1%

MLM free cash flow was $426.00M in fiscal Q3 2026 (ended Sep 30, 2026), up 18.0% from a year earlier. For the full fiscal 2025 it was $978.00M, up 61.9% from fiscal 2024. Compound annual growth was +7.2% over 5 years and +14.1% over 10 years. It rose in 7 of the last 10 fiscal years. Fiscal 2025 is the highest of the 15 fiscal years on file.

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Income statement

Income statement
Line item
Dec 31, 2025
Dec 31, 2024
Dec 31, 2023
Dec 31, 2022
Dec 31, 2021
Dec 31, 2020
Dec 31, 2019
Dec 31, 2018
Dec 31, 2017
Dec 31, 2016
Revenue$6.15B$5.66B$5.85B$6.16B$5.41B$4.73B$4.74B$4.24B$3.97B$3.82B
Cost of revenue$4.26B$4.03B$4.11B$4.74B$4.07B$3.48B$3.56B$3.28B$2.99B$2.91B
Gross profit$1.89B$1.64B$1.75B$1.42B$1.35B$1.25B$1.18B$966.60M$971.90M$911.74M
Selling, general and admin$443.00M$429.00M$425.00M$397.00M$351.00M$305.90M$302.70M$280.60M$262.10M$241.61M
Operating income$1.44B$2.48B$1.33B$1.21B$973.80M$1.01B$884.90M$690.70M$700.40M$677.27M
Interest expense$230.00M$169.00M$165.00M$169.00M$142.70M$118.10M$129.30M$137.10M$91.50M$81.68M
Pre-tax income$1.23B$2.37B$1.23B$1.09B$855.50M$889.30M$748.30M$576.10M$618.90M$607.03M
Income tax$236.00M$550.00M$234.00M$235.00M$153.20M$168.20M$136.30M$105.70M-$94.50M$181.58M
Net income$1.14B$2.00B$1.17B$867.00M$702.50M$721.00M$611.90M$470.00M$713.30M$425.39M
EPS, basic$18.81$32.50$18.88$13.91$11.26$11.56$9.77$7.46$11.30$6.66
EPS, diluted$18.77$32.41$18.82$13.87$11.22$11.54$9.74$7.43$11.25$6.63
Diluted shares60.6M61.6M62.1M62.5M62.6M62.4M62.7M63.1M63.2M63.9M

Balance sheet

Balance sheet
Line item
Dec 31, 2025
Dec 31, 2024
Dec 31, 2023
Dec 31, 2022
Dec 31, 2021
Dec 31, 2020
Dec 31, 2019
Dec 31, 2018
Dec 31, 2017
Dec 31, 2016
Cash and equivalents$67.00M$670.00M$1.27B$359.00M$259.00M$304.40M$21.00M$44.90M$1.45B$50.04M
Receivables$723.00M$678.00M$753.00M$785.90M$774.00M$575.10M$573.70M$523.30M$487.24M-
Inventory$1.08B$1.02B$989.00M$873.70M$752.60M$709.00M$690.80M$663.00M$600.59M$521.62M
Current assets$3.19B$2.45B$3.92B$2.88B$2.03B$1.67B$1.43B$1.37B$2.63B$1.09B
Goodwill$3.61B$3.39B$3.39B$3.65B$3.49B$2.41B$2.40B$2.40B$2.16B$2.16B
Total assets$18.71B$18.17B$15.13B$14.99B$14.39B$10.58B$10.13B$9.55B$8.99B$7.30B
Current liabilities$895.00M$1.00B$1.17B$1.45B$752.60M$499.30M$838.50M$786.70M$694.22M$546.59M
Short-term debt$30.00M$125.00M$400.00M$699.10M$100.0K-$340.00M$390.00M$299.91M$180.04M
Long-term debt$5.29B$5.29B$3.95B$4.34B$5.10B$2.63B$2.43B$2.73B$2.73B$1.51B
Total debt$5.32B$5.41B$4.35B$5.04B$5.10B$2.63B$2.77B$3.12B$3.03B$1.69B
Total liabilities$8.68B$8.71B$7.09B$7.82B$7.86B$4.69B$4.78B$4.60B$4.31B$3.16B
Shareholders' equity$10.03B$9.46B$8.04B$7.17B$6.54B$5.89B$5.35B$4.95B$4.68B$4.14B

Cash flow

Cash flow
Line item
Dec 31, 2025
Dec 31, 2024
Dec 31, 2023
Dec 31, 2022
Dec 31, 2021
Dec 31, 2020
Dec 31, 2019
Dec 31, 2018
Dec 31, 2017
Dec 31, 2016
Operating cash flow$1.78B$1.46B$1.53B$991.00M$1.14B$1.05B$966.10M$705.10M$657.60M$688.94M
Capital expenditures$807.00M$855.00M$650.00M$482.00M$423.10M$359.70M$393.50M$376.00M$410.30M$387.27M
Free cash flow$978.00M$604.00M$878.00M$509.00M$714.60M$690.40M$572.60M$329.10M$247.30M$301.67M
Investing cash flow-$1.59B-$2.44B$459.00M-$484.00M-$3.47B-$409.70M-$385.90M-$1.95B-$386.10M-$555.02M
Financing cash flow-$800.00M$373.00M-$1.06B-$407.00M$2.29B-$357.00M-$604.10M-$158.40M$1.12B-$252.29M
Dividends paid$197.00M$189.00M$174.00M$160.00M$147.80M$140.30M$129.80M$116.40M$108.90M$105.04M
Share repurchases$450.00M$450.00M$150.00M$150.00M$0$50.00M$98.20M$100.40M$100.00M$259.23M
Stock-based compensation$46.00M$58.00M$50.00M$43.00M$43.00M$30.00M$34.10M$29.30M$30.50M$20.48M
Depreciation and amortization$637.00M$573.00M$513.00M$506.00M$451.70M$393.50M$371.50M$344.00M$297.20M$285.25M

Key ratios

Key ratios
Line item
Dec 31, 2025
Dec 31, 2024
Dec 31, 2023
Dec 31, 2022
Dec 31, 2021
Dec 31, 2020
Dec 31, 2019
Dec 31, 2018
Dec 31, 2017
Dec 31, 2016
Revenue growth, YoY8.6%-3.2%-5.0%13.8%14.5%-0.2%11.7%7.0%3.8%7.9%
Net income growth, YoY-43.0%70.7%34.8%23.4%-2.6%17.8%30.2%-34.1%67.7%47.3%
EPS growth, YoY-42.1%72.2%35.7%23.6%-2.8%18.5%31.1%-34.0%69.7%54.5%
Gross margin30.7%28.9%29.8%23.1%24.9%26.5%24.9%22.8%24.5%23.9%
Operating margin23.4%43.8%22.8%19.6%18.0%21.3%18.7%16.3%17.7%17.7%
Net margin18.5%35.2%20.0%14.1%13.0%15.2%12.9%11.1%18.0%11.1%
Free cash flow margin15.9%10.7%15.0%8.3%13.2%14.6%12.1%7.8%6.2%7.9%
Return on equity11.3%21.1%14.5%12.1%10.7%12.2%11.4%9.5%15.2%10.3%
Return on assets6.1%11.0%7.7%5.8%4.9%6.8%6.0%4.9%7.9%5.8%
Current ratio3.572.443.351.992.693.341.701.743.791.99
Debt to equity0.530.570.540.700.780.450.520.630.650.41

Source: XBRL data Martin Marietta Materials Inc. files with the SEC, latest filing dated Nov 4, 2026 (see filings on SEC EDGAR). Provided for information only, not investment advice. Check the filing before relying on a number.

* Worked out from the filings rather than stated in them: Q4 is the full year less the first nine months.

Per-share figures are as filed. The filings show no stock split in these periods.

EPS growth is left out where the share count moved enough to suggest a split the filings do not show. Growth rates need a positive starting figure. CAGR is compound annual growth between fiscal years. The CSV holds every period on file, in full figures, from the same SEC filings.

MLM peers

CompanyRevenueGrowthNet incomeNet marginMarket cap
MLM$7.21B+19.6%$2.30B31.9%$36.85B
VMC$8.01B+1.6%$1.10B13.8%$36.29B
TECKC$10.76B+18.7%C$1.40B13.0%$29.69B
SQM$4.58B+1.0%$588.14M12.9%$16.43B
HL$1.82B+84.1%$382.86M21.0%$9.90B
MDU$1.83B-1.4%$196.71M10.7%$3.92B
USLM$381.09M+4.5%$133.68M35.1%$3.39B
KNF$3.38B+10.9%$134.62M4.0%$3.20B
LEU$454.50M+0.1%$76.20M16.8%$2.08B

MLM FAQ

9 questions
  • What is MLM revenue?
    Martin Marietta Materials Inc. (MLM) reported $7.21B of revenue for the twelve months ended Sep 30, 2026. That is up 19.6% from the year before. Revenue for fiscal 2025 was $6.15B.
  • Is MLM profitable?
    Yes. Martin Marietta Materials Inc. earned $2.30B in net income for the twelve months ended Sep 30, 2026, a net margin of 31.9%.
  • How much cash and debt does MLM have?
    Martin Marietta Materials Inc. reported $140.00M in cash and cash equivalents and $12.82B of debt on its most recent balance sheet in SEC filings.
  • How fast is MLM revenue growing?
    Martin Marietta Materials Inc.'s revenue changed +8.6% in fiscal 2025, to $6.15B. Its compound annual growth rate was +5.4% over 5 years and +5.7% over 10 years.
  • What is MLM gross margin?
    Martin Marietta Materials Inc.'s gross profit was $1.92B on $7.21B of revenue for the twelve months ended Sep 30, 2026, a gross margin of 26.7%.
  • What is MLM free cash flow?
    Martin Marietta Materials Inc. generated $875.00M of free cash flow for the twelve months ended Sep 30, 2026, which is operating cash flow of $1.52B less capital expenditures.
  • What is MLM earnings per share?
    Diluted earnings per share were $37.76 for the twelve months ended Sep 30, 2026, from SEC filings, restated for any stock split those filings show.
  • When did MLM last report financial results?
    The latest statements here come from Martin Marietta Materials Inc.'s 10-Q filed on Nov 4, 2026, covering the period ended Sep 30, 2026.
  • Where does this MLM financial data come from?
    Quantisnow builds these statements from the structured XBRL data Martin Marietta Materials Inc. files with the SEC. It is provided for information only and is not investment advice.