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Martin Marietta Materials (MLM) Financials

Martin Marietta Materials logo
$607.03 +6.29 (+1.05%)
Closing price 08/22/2025 03:59 PM Eastern
Extended Trading
$607.73 +0.70 (+0.11%)
As of 08/22/2025 07:05 PM Eastern
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Annual Income Statements for Martin Marietta Materials

Annual Income Statements for Martin Marietta Materials

This table shows Martin Marietta Materials' income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024
Period end date 12/31/2014 12/31/2015 12/31/2016 12/31/2017 12/31/2018 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024
Net Income / (Loss) Attributable to Common Shareholders		 156 289 425 713 470 612 721 703 867 1,169 1,995
Consolidated Net Income / (Loss)		 154 289 425 713 470 612 721 703 867 1,170 1,996
Net Income / (Loss) Continuing Operations		 154 289 425 713 470 612 721 702 856 1,200 1,996
Total Pre-Tax Income 		249 414 607 619 576 748 889 856 1,091 1,493 2,596
Total Operating Income		 315 494 677 700 691 885 1,005 974 1,207 1,596 2,707
Total Gross Profit		 522 727 912 972 967 1,179 1,253 1,348 1,423 2,023 1,878
Total Revenue		 2,958 3,540 3,819 3,966 4,244 4,739 4,730 5,414 6,161 6,777 6,536
Operating Revenue		 2,958 3,540 3,819 3,966 4,244 4,739 4,730 5,414 6,161 6,777 6,536
Total Cost of Revenue		 2,436 2,813 2,907 2,994 3,278 3,560 3,477 4,066 4,738 4,754 4,658
Operating Cost of Revenue		 2,436 2,813 2,907 2,994 3,278 3,560 3,477 4,066 4,738 4,754 4,658
Total Operating Expenses		 207 233 234 272 276 294 247 375 216 427 -829
Selling, General & Admin Expense		 169 211 242 262 281 303 306 351 397 443 447
Other Operating Expenses / (Income)		 -4.65 16 -8.04 0.80 -18 -9.10 -60 -34 -190 -28 -1,326
Restructuring Charge		 43 6.35 0.91 8.60 14 0.50 1.30 58 9.00 12 50
Total Other Income / (Expense), net		 -66 -80 -70 -82 -115 -137 -116 -118 -116 -103 -111
Interest Expense		 66 76 82 92 137 129 118 143 169 165 169
Other Income / (Expense), net		 0.36 -4.08 11 10 23 -7.30 2.00 24 53 62 58
Income Tax Expense		 95 125 182 -95 106 136 168 153 235 293 600
Net Income / (Loss) Discontinued Operations		 -0.04 - - - - 0.00 0.00 0.50 11 -30 0.00
Net Income / (Loss) Attributable to Noncontrolling Interest		 -1.31 0.15 0.06 0.10 0.40 0.10 0.10 0.30 0.00 1.00 1.00
Basic Earnings per Share		 $2.73 $4.31 $6.66 $11.30 $7.46 $9.77 $11.56 $11.26 $13.91 $18.88 $32.50
Weighted Average Basic Shares Outstanding		 56.85M 66.77M 63.61M 62.90M 62.90M 62.50M 62.30M 62.40M 62.30M 61.90M 61.40M
Diluted Earnings per Share		 $2.71 $4.29 $6.63 $11.25 $7.43 $9.74 $11.54 $11.22 $13.87 $18.82 $32.41
Weighted Average Diluted Shares Outstanding		 57.09M 67.02M 63.86M 63.20M 63.10M 62.70M 62.40M 62.60M 62.50M 62.10M 61.60M
Weighted Average Basic & Diluted Shares Outstanding		 57M 67M 63.90M 63.10M 63M 62.20M 62.29M 62.39M 62.10M 61.82M 60.97M
Cash Dividends to Common per Share		 $1.60 $1.60 $1.72 $1.72 $1.84 $2.06 $2.24 $2.36 $2.54 $2.80 $3.06

Quarterly Income Statements for Martin Marietta Materials

This table shows Martin Marietta Materials' income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric Q4 2022 Q1 2023 Q2 2023 Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025
Period end date 12/31/2022 3/31/2023 6/30/2023 9/30/2023 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025 6/30/2025
Net Income / (Loss) Attributable to Common Shareholders		 184 121 348 417 283 1,045 294 363 293 116 328
Consolidated Net Income / (Loss)		 184 122 349 417 282 1,046 294 363 293 116 328
Net Income / (Loss) Continuing Operations		 187 135 348 430 287 1,046 294 363 293 116 328
Total Pre-Tax Income 		233 171 440 540 342 1,414 372 458 352 148 411
Total Operating Income		 263 196 463 567 370 1,421 398 489 399 194 458
Total Gross Profit		 354 303 560 676 484 272 517 599 490 335 544
Total Revenue		 1,477 1,354 1,821 1,994 1,608 1,251 1,764 1,889 1,632 1,353 1,811
Operating Revenue		 1,477 1,354 1,821 1,994 1,608 1,251 1,764 1,889 1,632 1,353 1,811
Total Cost of Revenue		 1,123 1,051 1,261 1,318 1,124 979 1,247 1,290 1,142 1,018 1,267
Operating Cost of Revenue		 1,123 1,051 1,261 1,318 1,124 979 1,247 1,290 1,142 1,018 1,267
Total Operating Expenses		 91 107 97 109 114 -1,149 119 110 91 141 86
Selling, General & Admin Expense		 101 104 112 108 119 118 117 105 107 130 109
Other Operating Expenses / (Income)		 -13 2.00 -15 -2.00 -13 -1,287 -19 1.00 -21 9.00 -25
Restructuring Charge		 2.90 1.00 0.00 3.00 8.00 20 21 4.00 5.00 2.00 2.00
Total Other Income / (Expense), net		 -30 -25 -23 -27 -28 -7.00 -26 -31 -47 -46 -47
Interest Expense		 43 42 42 41 40 40 40 38 51 56 57
Other Income / (Expense), net		 13 17 19 14 12 33 14 7.00 4.00 10 10
Income Tax Expense		 46 36 92 110 55 368 78 95 59 32 83
Net Income / (Loss) Attributable to Noncontrolling Interest		 0.20 1.00 1.00 0.00 -1.00 1.00 0.00 0.00 - 0.00 0.00
Basic Earnings per Share		 $2.96 $1.96 $5.62 $6.74 $4.56 $16.92 $4.77 $5.93 $4.88 $1.91 $5.44
Weighted Average Basic Shares Outstanding		 62.30M 62.10M 61.90M 61.80M 61.90M 61.80M 61.50M 61.10M 61.40M 60.90M 60.30M
Diluted Earnings per Share		 $2.94 $1.95 $5.61 $6.72 $4.54 $16.87 $4.76 $5.91 $4.87 $1.90 $5.43
Weighted Average Diluted Shares Outstanding		 62.50M 62.20M 62.10M 62M 62.10M 62M 61.60M 61.30M 61.60M 61M 60.40M
Weighted Average Basic & Diluted Shares Outstanding		 62.10M 61.97M 61.80M 61.81M 61.82M 61.64M 61.12M 61.12M 60.97M 60.29M 60.31M

Annual Cash Flow Statements for Martin Marietta Materials

This table details how cash moves in and out of Martin Marietta Materials' business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024
Period end date 12/31/2014 12/31/2015 12/31/2016 12/31/2017 12/31/2018 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024
Net Change in Cash & Equivalents		 66 60 -118 1,396 -1,402 -24 283 -46 100 923 -612
Net Cash From Operating Activities		 382 581 689 658 705 966 1,050 1,138 991 1,528 1,459
Net Cash From Continuing Operating Activities		 382 581 689 658 705 966 1,050 1,138 991 1,528 1,459
Net Income / (Loss) Continuing Operations		 154 289 425 713 470 612 721 703 867 1,170 1,996
Consolidated Net Income / (Loss)		 154 289 425 713 470 612 721 703 867 1,170 1,996
Depreciation Expense		 223 264 285 297 344 372 394 452 506 513 573
Non-Cash Adjustments To Reconcile Net Income		 -41 22 2.87 -2.30 -2.00 40 -41 6.40 -165 32 -1,276
Changes in Operating Assets and Liabilities, net		 46 6.37 -25 -351 -107 -57 -24 -23 -217 -187 166
Net Cash From Investing Activities		 -49 89 -555 -386 -1,948 -386 -410 -3,475 -484 459 -2,444
Net Cash From Continuing Investing Activities		 -49 89 -555 -386 -1,948 -386 -410 -3,475 -484 459 -2,444
Purchase of Property, Plant & Equipment		 -232 -318 -387 -410 -376 -394 -360 -423 -482 -650 -855
Acquisitions		 -0.19 -43 -175 -12 -1,642 0.00 -65 -3,109 11 0.00 -3,642
Purchase of Investments		 - - - - - - 0.00 0.00 -704 -27 -117
Divestitures		 182 448 6.48 36 69 8.40 142 43 687 427 2,160
Sale and/or Maturity of Investments		 - - 0.29 - - - - 0.00 0.00 700 0.00
Other Investing Activities, net		 1.18 1.81 0.00 0.30 0.80 -0.80 -127 15 4.00 9.00 10
Net Cash From Financing Activities		 -266 -609 -252 1,125 -158 -604 -357 2,291 -407 -1,064 373
Net Cash From Continuing Financing Activities		 -266 -609 -252 1,125 -158 -604 -357 2,291 -407 -1,064 373
Repayment of Debt		 -1,066 -241 -465 -1,071 -918 -975 -779 -428 -53 -701 -1,694
Repurchase of Common Equity		 0.00 -520 -259 -100 -100 -98 -50 0.00 -150 -150 -450
Payment of Dividends		 -92 -108 -105 -109 -116 -130 -140 -148 -160 -174 -189
Issuance of Debt		 869 230 560 2,409 1,000 625 628 2,897 0.00 0.00 2,758
Other Financing Activities, net		 -17 30 18 -4.50 -24 -25 -16 -29 -44 -39 -52

Quarterly Cash Flow Statements for Martin Marietta Materials

This table details how cash moves in and out of Martin Marietta Materials' business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric Q4 2022 Q1 2023 Q2 2023 Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025
Period end date 12/31/2022 3/31/2023 6/30/2023 9/30/2023 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025 6/30/2025
Net Change in Cash & Equivalents		 148 -129 192 226 634 1,368 -2,541 -57 618 -569 135
Net Cash From Operating Activities		 430 161 358 454 555 172 1.00 600 686 218 387
Net Cash From Continuing Operating Activities		 356 161 358 454 555 172 1.00 600 686 218 387
Net Income / (Loss) Continuing Operations		 184 122 348 417 283 1,046 294 362 294 116 328
Consolidated Net Income / (Loss)		 184 122 348 417 283 1,046 294 362 294 116 328
Depreciation Expense		 126 124 129 132 128 130 142 152 149 154 167
Non-Cash Adjustments To Reconcile Net Income		 -7.60 11 -3.00 28 -4.00 -1,271 13 6.00 -24 31 -15
Changes in Operating Assets and Liabilities, net		 53 -96 -116 -123 148 267 -448 80 267 -83 -93
Net Cash From Investing Activities		 -160 -152 -45 523 133 1,425 -2,191 -298 -1,380 -262 -190
Net Cash From Continuing Investing Activities		 -160 -152 -45 523 133 1,425 -2,191 -298 -1,380 -262 -190
Purchase of Property, Plant & Equipment		 -173 -174 -119 -171 -186 -200 -139 -283 -233 -233 -179
Purchase of Investments		 0.60 - - - - 0.00 - - - -20 -24
Divestitures		 7.90 22 73 3.00 329 2,107 14 7.00 32 2.00 16
Other Investing Activities, net		 4.80 0.00 1.00 -9.00 17 6.00 -16 -22 42 -11 -3.00
Net Cash From Financing Activities		 -48 -138 -121 -751 -54 -229 -351 -359 1,312 -525 -62
Net Cash From Continuing Financing Activities		 -48 -138 -121 -751 -54 -229 -351 -359 1,312 -525 -62
Repayment of Debt		 1.80 - - - -1.00 -1.00 - - -899 0.00 1.00
Payment of Dividends		 -42 -42 -42 -45 -45 -46 -45 -50 -47 -49 -48
Other Financing Activities, net		 -7.40 -21 -4.00 -6.00 -8.00 -32 -6.00 -4.00 -10 -26 -15

Annual Balance Sheets for Martin Marietta Materials

This table presents Martin Marietta Materials' assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024
Period end date 12/31/2014 12/31/2015 12/31/2016 12/31/2017 12/31/2018 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024
Total Assets		 7,220 6,958 7,301 8,993 9,551 10,132 10,581 14,393 14,994 15,125 18,170
Total Current Assets		 1,044 1,082 1,086 2,631 1,366 1,427 1,668 2,026 2,877 3,919 2,542
Cash & Equivalents		 109 168 50 1,446 45 21 207 258 358 1,272 670
Restricted Cash		 - - - - - 0.00 97 0.50 705 10 0.00
Accounts Receivable		 421 411 458 487 523 574 575 774 786 753 678
Inventories, net		 485 469 522 601 663 691 709 753 874 989 1,115
Other Current Assets		 30 33 57 97 135 141 80 138 81 88 79
Plant, Property, & Equipment, net		 3,403 3,156 3,423 3,593 5,157 5,206 5,242 6,338 6,317 6,186 10,109
Plant, Property & Equipment, gross		 - - - - - - - - - - 15,086
Accumulated Depreciation		 - - - - - - - - - - 4,977
Total Noncurrent Assets		 2,773 2,720 2,791 2,769 3,028 3,499 3,670 6,029 5,800 5,020 5,519
Goodwill		 2,069 2,068 2,159 2,160 2,399 2,397 2,414 3,494 3,650 3,389 3,767
Intangible Assets		 595 66 511 506 501 487 508 1,065 848 698 730
Other Noncurrent Operating Assets		 109 586 120 102 128 615 748 853 930 933 1,022
Total Liabilities & Shareholders' Equity		 7,220 6,958 7,301 8,993 9,551 10,132 10,581 14,393 14,994 15,125 18,170
Total Liabilities		 2,867 2,897 3,158 4,310 4,602 4,778 4,688 7,855 7,821 7,089 8,714
Total Current Liabilities		 397 367 547 694 787 839 499 753 1,446 1,170 1,016
Short-Term Debt		 14 19 180 300 390 340 - 0.00 699 400 125
Accounts Payable		 202 165 179 184 211 230 208 356 385 343 375
Current Deferred & Payable Income Tax Liabilities		 - - - - - - - - - 6.00 102
Current Employee Benefit Liabilities		 44 39 57 58 - - - 87 72 102 73
Other Taxes Payable		 58 63 60 65 115 57 83 58 55 47 50
Other Current Liabilities		 78 81 71 88 71 169 145 196 187 231 246
Other Current Nonoperating Liabilities		 - - - - - - 18 56 47 41 45
Total Noncurrent Liabilities		 2,470 2,531 2,612 3,616 3,815 3,940 4,188 7,103 6,375 5,919 7,698
Long-Term Debt		 1,571 1,550 1,506 2,727 2,730 2,434 2,626 5,101 4,341 3,946 5,288
Asset Retirement Reserve & Litigation Obligation		 - - - - - - - - 378 383 423
Noncurrent Deferred & Payable Income Tax Liabilities		 490 583 663 411 706 733 782 895 914 874 1,169
Other Noncurrent Operating Liabilities		 160 173 194 234 379 773 781 1,053 721 716 818
Commitments & Contingencies		 - - - - - - - - - 0.00 0.00
Total Equity & Noncontrolling Interests		 4,353 4,060 4,143 4,682 4,949 5,353 5,893 6,538 7,173 8,036 9,456
Total Preferred & Common Equity		 4,351 4,057 4,140 4,680 4,946 5,351 5,891 6,535 7,171 8,034 9,453
Preferred Stock		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Common Equity		 4,351 4,057 4,140 4,680 4,946 5,351 5,891 6,535 7,171 8,034 9,453
Common Stock		 3,244 3,288 3,335 3,369 3,397 3,419 3,441 3,471 3,490 3,520 3,551
Retained Earnings		 1,213 874 936 1,440 1,693 2,077 2,608 3,162 3,719 4,563 5,915
Accumulated Other Comprehensive Income / (Loss)		 -106 -106 -131 -129 -144 -146 -158 -98 -39 -49 -13
Noncontrolling Interest		 1.58 2.89 2.61 2.88 3.00 2.50 2.60 2.30 2.30 2.00 3.00

Quarterly Balance Sheets for Martin Marietta Materials

This table presents Martin Marietta Materials' assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric Q4 2022 Q1 2023 Q2 2023 Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025
Period end date 12/31/2022 3/31/2023 6/30/2023 9/30/2023 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025 6/30/2025
Total Assets		 14,994 14,891 15,246 14,918 15,125 16,240 16,333 16,469 18,170 17,724 18,070
Total Current Assets		 2,877 2,813 3,192 2,817 3,919 4,518 2,229 2,319 2,542 2,103 2,393
Cash & Equivalents		 358 229 422 648 1,272 2,648 109 52 670 101 225
Restricted Cash		 705 702 702 0.00 10 2.00 0.00 0.00 0.00 - 11
Accounts Receivable		 786 797 979 1,048 753 703 909 916 678 733 904
Inventories, net		 874 949 955 993 989 1,077 1,105 1,089 1,115 1,173 1,155
Other Current Assets		 81 75 90 83 88 70 96 252 71 96 98
Plant, Property, & Equipment, net		 6,317 6,280 6,313 6,353 6,186 6,600 8,610 8,714 10,109 10,095 10,127
Plant, Property & Equipment, gross		 - 10,721 10,859 11,011 - 11,257 13,383 13,588 - 15,187 15,354
Accumulated Depreciation		 - 4,442 4,547 4,658 - 4,657 4,773 4,874 - 5,092 5,227
Total Noncurrent Assets		 5,800 5,799 5,741 5,748 5,020 5,122 5,494 5,436 5,519 5,526 5,550
Goodwill		 3,650 3,650 3,650 3,650 3,389 3,479 3,842 3,768 3,767 3,773 3,777
Intangible Assets		 848 841 834 827 698 702 713 705 730 721 713
Other Noncurrent Operating Assets		 930 934 932 964 933 941 939 963 1,022 1,032 1,060
Total Liabilities & Shareholders' Equity		 14,994 14,891 15,246 14,918 15,125 16,240 16,333 16,469 18,170 17,724 18,070
Total Liabilities		 7,821 7,713 7,823 7,113 7,089 7,363 7,493 7,298 8,714 8,640 8,704
Total Current Liabilities		 1,446 1,328 1,442 1,141 1,170 1,429 1,196 993 1,016 935 1,019
Short-Term Debt		 699 700 700 400 400 400 400 95 125 125 125
Accounts Payable		 385 303 347 342 343 266 304 315 375 298 336
Current Deferred & Payable Income Tax Liabilities		 - - - - 6.00 457 158 231 102 125 156
Current Employee Benefit Liabilities		 72 38 64 85 102 37 58 67 73 41 62
Other Taxes Payable		 55 - 91 - 47 - - 61 50 50 65
Other Current Liabilities		 187 191 198 197 231 192 185 188 246 227 236
Other Current Nonoperating Liabilities		 47 45 43 41 41 40 41 36 45 69 39
Total Noncurrent Liabilities		 6,375 6,385 6,380 5,972 5,919 5,934 6,297 6,305 7,698 7,705 7,685
Long-Term Debt		 4,341 4,342 4,343 3,945 3,946 3,947 3,947 3,948 5,288 5,289 5,291
Asset Retirement Reserve & Litigation Obligation		 378 - - 378 383 388 397 409 423 373 344
Noncurrent Deferred & Payable Income Tax Liabilities		 914 921 916 914 874 865 1,110 1,127 1,169 1,172 1,178
Other Noncurrent Operating Liabilities		 721 1,101 1,104 715 716 734 843 821 818 871 872
Commitments & Contingencies		 - - - - 0.00 - 0.00 0.00 0.00 0.00 0.00
Total Equity & Noncontrolling Interests		 7,173 7,178 7,423 7,805 8,036 8,877 8,840 9,171 9,456 9,084 9,366
Total Preferred & Common Equity		 7,171 7,175 7,421 7,803 8,034 8,875 8,838 9,169 9,453 9,081 9,363
Preferred Stock		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Common Equity		 7,171 7,175 7,421 7,803 8,034 8,875 8,838 9,169 9,453 9,081 9,363
Common Stock		 3,490 3,488 3,501 3,512 3,520 3,513 3,530 3,545 3,551 3,564 3,563
Retained Earnings		 3,719 3,725 3,955 4,326 4,563 5,411 5,356 5,670 5,915 5,529 5,809
Accumulated Other Comprehensive Income / (Loss)		 -39 -37 -36 -35 -49 -49 -48 -46 -13 -12 -9.00
Noncontrolling Interest		 2.30 2.50 2.30 2.30 2.00 2.00 2.00 2.00 3.00 3.00 3.00

Annual Metrics And Ratios for Martin Marietta Materials

This table displays calculated financial ratios and metrics derived from Martin Marietta Materials' official financial filings.

Metric 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024
Period end date 12/31/2014 12/31/2015 12/31/2016 12/31/2017 12/31/2018 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024
Growth Metrics		 - - - - - - - - - - -
Revenue Growth		 37.22% 19.66% 7.89% 3.85% 7.03% 11.66% -0.19% 14.46% 13.80% 10.00% -3.56%
EBITDA Growth		 37.43% 40.09% 29.23% 3.45% 4.92% 18.15% 12.15% 3.50% 21.80% 22.93% 53.75%
EBIT Growth		 44.81% 55.47% 40.53% 3.15% 0.39% 23.05% 14.79% -0.91% 26.23% 31.59% 66.77%
NOPAT Growth		 22.25% 76.93% 37.56% 70.08% -30.14% 28.32% 12.65% -1.94% 18.46% 35.46% 62.25%
Net Income Growth		 29.19% 87.26% 47.24% 67.68% -34.06% 30.10% 17.83% -2.54% 23.36% 34.95% 70.60%
EPS Growth		 3.83% 58.30% 54.55% 69.68% -33.96% 31.09% 18.48% -2.77% 23.62% 35.69% 72.21%
Operating Cash Flow Growth		 23.53% 52.13% 18.66% -4.55% 7.22% 37.02% 8.69% 8.34% -12.89% 54.19% -4.52%
Free Cash Flow Firm Growth		 -4,690.31% 123.26% -78.09% 106.28% -471.04% 153.67% 7.02% -352.48% 154.33% 82.45% -205.75%
Invested Capital Growth		 127.23% -6.33% 5.83% 8.39% 28.13% 1.01% 1.57% 30.80% 0.03% -4.07% 37.76%
Revenue Q/Q Growth		 11.77% -0.33% 2.81% 0.55% 1.19% -31.09% 94.48% 6.21% -0.32% 1.98% 0.37%
EBITDA Q/Q Growth		 18.13% 2.19% 2.67% 3.32% -2.07% 3.39% 4.22% 0.30% 3.44% 5.27% 1.27%
EBIT Q/Q Growth		 22.33% 4.51% 2.34% 4.39% -4.98% 4.44% 5.21% -2.55% 5.42% 6.86% 0.76%
NOPAT Q/Q Growth		 19.50% 8.50% 2.27% 62.82% -35.79% 5.09% 7.47% -2.17% 1.99% 8.39% 0.97%
Net Income Q/Q Growth		 22.98% 7.13% 3.80% 64.04% -37.55% 6.34% 7.80% -3.61% 3.23% 9.16% 0.58%
EPS Q/Q Growth		 13.87% 3.37% 4.57% 63.99% -37.41% 6.45% 7.85% -3.69% 3.28% 9.29% 1.03%
Operating Cash Flow Q/Q Growth		 10.65% 16.21% 0.91% -4.05% 3.54% 5.77% 4.98% -0.76% 7.94% 8.87% 9.83%
Free Cash Flow Firm Q/Q Growth		 5.12% -1.01% 32.78% -2.80% 0.37% 0.39% -7.84% -1,204.17% 238.41% 137.51% -2,294.44%
Invested Capital Q/Q Growth		 -1.90% -1.42% -1.82% 3.54% -1.29% -0.88% 0.52% 17.82% 0.20% -7.81% 7.95%
Profitability Metrics		 - - - - - - - - - - -
Gross Margin		 17.66% 20.54% 23.88% 24.51% 22.77% 24.88% 26.49% 24.91% 23.10% 29.85% 28.73%
EBITDA Margin		 18.19% 21.29% 25.50% 25.41% 24.91% 26.36% 29.62% 26.78% 28.66% 32.03% 51.07%
Operating Margin		 10.65% 13.96% 17.74% 17.66% 16.27% 18.67% 21.26% 17.99% 19.59% 23.55% 41.42%
EBIT Margin		 10.66% 13.85% 18.03% 17.91% 16.80% 18.52% 21.30% 18.44% 20.45% 24.47% 42.30%
Profit (Net Income) Margin		 5.22% 8.16% 11.14% 17.99% 11.08% 12.91% 15.25% 12.98% 14.07% 17.26% 30.54%
Tax Burden Percent		 61.92% 69.83% 70.09% 115.27% 81.65% 81.79% 81.09% 82.15% 79.47% 78.37% 76.89%
Interest Burden Percent		 79.05% 84.43% 88.14% 87.12% 80.78% 85.27% 88.28% 85.70% 86.59% 90.05% 93.89%
Effective Tax Rate		 38.06% 30.17% 29.91% -15.27% 18.35% 18.21% 18.91% 17.91% 21.54% 19.62% 23.11%
Return on Invested Capital (ROIC)		 4.65% 6.11% 8.45% 13.41% 7.89% 8.97% 9.98% 8.41% 8.79% 12.16% 16.94%
ROIC Less NNEP Spread (ROIC-NNEP)		 1.34% 2.21% 5.20% 7.57% 3.88% 5.14% 6.28% 5.47% 6.75% 8.33% 14.53%
Return on Net Nonoperating Assets (RNNOA)		 0.56% 0.76% 1.93% 2.76% 1.87% 2.91% 2.84% 2.89% 3.86% 3.23% 5.88%
Return on Equity (ROE)		 5.21% 6.87% 10.37% 16.17% 9.77% 11.88% 12.82% 11.31% 12.65% 15.39% 22.82%
Cash Return on Invested Capital (CROIC)		 -73.12% 12.65% 2.78% 5.36% -16.76% 7.97% 8.42% -18.28% 8.76% 16.31% -14.82%
Operating Return on Assets (OROA)		 6.02% 6.91% 9.66% 8.72% 7.69% 8.92% 9.73% 7.99% 8.58% 11.01% 16.61%
Return on Assets (ROA)		 2.94% 4.08% 5.97% 8.76% 5.07% 6.22% 6.96% 5.63% 5.90% 7.77% 11.99%
Return on Common Equity (ROCE)		 5.17% 6.87% 10.37% 16.16% 9.76% 11.87% 12.82% 11.30% 12.64% 15.38% 22.82%
Return on Equity Simple (ROE_SIMPLE)		 3.55% 7.12% 10.28% 15.24% 9.51% 11.44% 12.24% 10.75% 12.09% 14.56% 21.12%
Net Operating Profit after Tax (NOPAT)		 195 345 475 807 564 724 815 799 947 1,283 2,081
NOPAT Margin		 6.59% 9.75% 12.43% 20.36% 13.29% 15.27% 17.24% 14.77% 15.37% 18.93% 31.84%
Net Nonoperating Expense Percent (NNEP)		 3.30% 3.90% 3.24% 5.84% 4.02% 3.83% 3.70% 2.94% 2.04% 3.82% 2.41%
Return On Investment Capital (ROIC_SIMPLE)		 - - - - - - - - 7.75% 10.36% 14.00%
Cost of Revenue to Revenue		 82.34% 79.46% 76.12% 75.49% 77.23% 75.12% 73.51% 75.09% 76.90% 70.15% 71.27%
SG&A Expenses to Revenue		 5.72% 5.95% 6.33% 6.61% 6.61% 6.39% 6.47% 6.48% 6.44% 6.54% 6.84%
R&D to Revenue		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Operating Expenses to Revenue		 7.01% 6.58% 6.14% 6.85% 6.50% 6.21% 5.23% 6.92% 3.51% 6.30% -12.68%
Earnings before Interest and Taxes (EBIT)		 315 490 689 710 713 878 1,007 998 1,260 1,658 2,765
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)		 538 754 974 1,008 1,057 1,249 1,401 1,450 1,766 2,171 3,338
Valuation Ratios		 - - - - - - - - - - -
Price to Book Value (P/BV)		 1.58 2.08 3.20 2.82 2.09 3.16 2.93 4.14 2.89 3.82 3.34
Price to Tangible Book Value (P/TBV)		 4.07 4.39 9.02 6.56 5.05 6.86 5.82 13.68 7.76 7.77 6.37
Price to Revenue (P/Rev)		 2.32 2.39 3.47 3.33 2.44 3.57 3.65 4.99 3.37 4.53 4.83
Price to Earnings (P/E)		 44.11 29.23 31.17 18.52 22.00 27.64 23.98 38.48 23.91 26.24 15.82
Dividend Yield		 1.57% 1.25% 0.79% 0.82% 1.12% 0.76% 0.81% 0.54% 0.76% 0.56% 0.59%
Earnings Yield		 2.27% 3.42% 3.21% 5.40% 4.55% 3.62% 4.17% 2.60% 4.18% 3.81% 6.32%
Enterprise Value to Invested Capital (EV/IC)		 1.43 1.80 2.58 2.36 1.67 2.43 2.38 2.96 2.29 3.26 2.55
Enterprise Value to Revenue (EV/Rev)		 2.82 2.78 3.90 3.73 3.16 4.15 4.15 5.89 4.01 4.98 5.56
Enterprise Value to EBITDA (EV/EBITDA)		 15.51 13.06 15.30 14.68 12.69 15.75 14.00 21.99 13.99 15.54 10.88
Enterprise Value to EBIT (EV/EBIT)		 26.46 20.09 21.63 20.82 18.81 22.41 19.47 31.94 19.61 20.35 13.13
Enterprise Value to NOPAT (EV/NOPAT)		 42.78 28.53 31.39 18.32 23.79 27.18 24.06 39.88 26.09 26.30 17.45
Enterprise Value to Operating Cash Flow (EV/OCF)		 21.86 16.96 21.62 22.49 19.03 20.36 18.68 28.02 24.94 22.08 24.89
Enterprise Value to Free Cash Flow (EV/FCFF)		 0.00 13.79 95.21 45.83 0.00 30.60 28.51 0.00 26.19 19.60 0.00
Leverage & Solvency		 - - - - - - - - - - -
Debt to Equity		 0.36 0.39 0.41 0.65 0.63 0.52 0.45 0.78 0.70 0.54 0.57
Long-Term Debt to Equity		 0.36 0.38 0.36 0.58 0.55 0.45 0.45 0.78 0.61 0.49 0.56
Financial Leverage		 0.42 0.34 0.37 0.36 0.48 0.57 0.45 0.53 0.57 0.39 0.40
Leverage Ratio		 1.77 1.69 1.74 1.85 1.93 1.91 1.84 2.01 2.14 1.98 1.90
Compound Leverage Factor		 1.40 1.42 1.53 1.61 1.56 1.63 1.63 1.72 1.86 1.78 1.79
Debt to Total Capital		 26.70% 27.87% 28.93% 39.27% 38.67% 34.13% 30.82% 43.83% 41.27% 35.10% 36.40%
Short-Term Debt to Total Capital		 0.24% 0.33% 3.09% 3.89% 4.83% 4.18% 0.00% 0.00% 5.72% 3.23% 0.84%
Long-Term Debt to Total Capital		 26.46% 27.54% 25.84% 35.37% 33.83% 29.95% 30.82% 43.83% 35.54% 31.87% 35.56%
Preferred Equity to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Noncontrolling Interests to Total Capital		 0.03% 0.05% 0.04% 0.04% 0.04% 0.03% 0.03% 0.02% 0.02% 0.02% 0.02%
Common Equity to Total Capital		 73.27% 72.08% 71.03% 60.70% 61.30% 65.84% 69.15% 56.15% 58.71% 64.88% 63.58%
Debt to EBITDA		 2.95 2.08 1.73 3.00 2.95 2.22 1.87 3.52 2.85 2.00 1.62
Net Debt to EBITDA		 2.75 1.86 1.68 1.57 2.91 2.20 1.66 3.34 2.25 1.41 1.42
Long-Term Debt to EBITDA		 2.92 2.06 1.55 2.71 2.58 1.95 1.87 3.52 2.46 1.82 1.58
Debt to NOPAT		 8.13 4.55 3.55 3.75 5.53 3.83 3.22 6.38 5.32 3.39 2.60
Net Debt to NOPAT		 7.57 4.06 3.45 1.96 5.45 3.80 2.85 6.06 4.20 2.39 2.28
Long-Term Debt to NOPAT		 8.06 4.49 3.17 3.38 4.84 3.36 3.22 6.38 4.58 3.08 2.54
Altman Z-Score		 2.33 2.79 3.62 3.02 2.36 3.23 3.45 3.08 2.74 4.05 3.59
Noncontrolling Interest Sharing Ratio		 0.65% 0.05% 0.07% 0.06% 0.06% 0.05% 0.05% 0.04% 0.03% 0.03% 0.03%
Liquidity Ratios		 - - - - - - - - - - -
Current Ratio		 2.63 2.95 1.99 3.79 1.74 1.70 3.34 2.69 1.99 3.35 2.50
Quick Ratio		 1.34 1.58 0.93 2.79 0.72 0.71 1.57 1.37 0.79 1.73 1.33
Cash Flow Metrics		 - - - - - - - - - - -
Free Cash Flow to Firm (FCFF)		 -3,069 714 156 323 -1,198 643 688 -1,737 944 1,722 -1,821
Operating Cash Flow to CapEx		 164.38% 182.45% 177.90% 160.27% 187.53% 245.51% 291.94% 268.90% 205.60% 235.08% 170.64%
Free Cash Flow to Firm to Interest Expense		 -46.46 9.36 1.92 3.53 -8.74 4.97 5.82 -12.17 5.58 10.43 -10.77
Operating Cash Flow to Interest Expense		 5.78 7.61 8.43 7.19 5.14 7.47 8.89 7.97 5.86 9.26 8.63
Operating Cash Flow Less CapEx to Interest Expense		 2.26 3.44 3.69 2.70 2.40 4.43 5.85 5.01 3.01 5.32 3.57
Efficiency Ratios		 - - - - - - - - - - -
Asset Turnover		 0.56 0.50 0.54 0.49 0.46 0.48 0.46 0.43 0.42 0.45 0.39
Accounts Receivable Turnover		 8.88 8.51 8.79 8.39 8.40 8.64 8.23 8.03 7.90 8.81 9.13
Inventory Turnover		 5.85 5.90 5.87 5.34 5.19 5.26 4.97 5.56 5.83 5.10 4.43
Fixed Asset Turnover		 1.14 1.08 1.16 1.13 0.97 0.91 0.91 0.94 0.97 1.08 0.80
Accounts Payable Turnover		 15.91 15.32 16.93 16.53 16.62 16.17 15.90 14.42 12.78 13.06 12.97
Days Sales Outstanding (DSO)		 41.12 42.89 41.52 43.50 43.45 42.24 44.33 45.48 46.21 41.44 39.96
Days Inventory Outstanding (DIO)		 62.36 61.90 62.20 68.41 70.36 69.40 73.47 65.61 62.64 71.51 82.43
Days Payable Outstanding (DPO)		 22.93 23.83 21.55 22.08 21.96 22.58 22.96 25.32 28.55 27.95 28.13
Cash Conversion Cycle (CCC)		 80.54 80.97 82.17 89.83 91.85 89.07 94.84 85.77 80.30 85.00 94.26
Capital & Investment Metrics		 - - - - - - - - - - -
Invested Capital		 5,829 5,461 5,779 6,263 8,025 8,106 8,233 10,769 10,773 10,334 14,236
Invested Capital Turnover		 0.70 0.63 0.68 0.66 0.59 0.59 0.58 0.57 0.57 0.64 0.53
Increase / (Decrease) in Invested Capital		 3,264 -369 318 485 1,762 81 127 2,536 3.40 -439 3,902
Enterprise Value (EV)		 8,343 9,846 14,898 14,791 13,416 19,670 19,611 31,878 24,711 33,737 36,313
Market Capitalization		 6,864 8,442 13,259 13,208 10,338 16,915 17,287 27,033 20,732 30,671 31,567
Book Value per Share		 $64.68 $61.34 $65.23 $74.45 $78.87 $85.61 $94.59 $104.76 $115.48 $129.98 $154.67
Tangible Book Value per Share		 $25.08 $29.08 $23.15 $32.02 $32.63 $39.47 $47.67 $31.67 $43.05 $63.86 $81.09
Total Capital		 5,938 5,629 5,829 7,710 8,070 8,127 8,519 11,638 12,213 12,382 14,869
Total Debt		 1,585 1,569 1,686 3,027 3,120 2,774 2,626 5,101 5,040 4,346 5,413
Total Long-Term Debt		 1,571 1,550 1,506 2,727 2,730 2,434 2,626 5,101 4,341 3,946 5,288
Net Debt		 1,477 1,400 1,636 1,581 3,076 2,753 2,321 4,842 3,977 3,064 4,743
Capital Expenditures (CapEx)		 232 318 387 410 376 394 360 423 482 650 855
Debt-free, Cash-free Net Working Capital (DFCFNWC)		 553 565 670 790 924 907 865 1,014 1,067 1,867 981
Debt-free Net Working Capital (DFNWC)		 662 734 720 2,237 969 928 1,169 1,273 2,130 3,149 1,651
Net Working Capital (NWC)		 648 715 540 1,937 579 588 1,169 1,273 1,431 2,749 1,526
Net Nonoperating Expense (NNE)		 41 56 49 94 94 112 94 97 80 113 85
Net Nonoperating Obligations (NNO)		 1,477 1,400 1,636 1,581 3,076 2,753 2,340 4,232 3,600 2,298 4,780
Total Depreciation and Amortization (D&A)		 223 264 285 297 344 372 394 452 506 513 573
Debt-free, Cash-free Net Working Capital to Revenue		 18.70% 15.97% 17.54% 19.93% 21.78% 19.14% 18.28% 18.73% 17.32% 27.55% 15.01%
Debt-free Net Working Capital to Revenue		 22.38% 20.73% 18.85% 56.41% 22.83% 19.59% 24.72% 23.51% 34.58% 46.47% 25.26%
Net Working Capital to Revenue		 21.89% 20.20% 14.14% 48.84% 13.64% 12.41% 24.72% 23.51% 23.23% 40.56% 23.35%
Earnings Adjustments		 - - - - - - - - - - -
Adjusted Basic Earnings per Share		 $2.73 $4.31 $6.66 $11.30 $7.46 $9.77 $11.56 $11.26 $13.91 $18.88 $32.50
Adjusted Weighted Average Basic Shares Outstanding		 56.85M 66.77M 63.61M 62.93M 62.90M 62.50M 62.30M 62.40M 62.30M 61.90M 61.40M
Adjusted Diluted Earnings per Share		 $2.71 $4.29 $6.63 $11.25 $7.43 $9.74 $11.54 $11.22 $13.87 $18.82 $32.41
Adjusted Weighted Average Diluted Shares Outstanding		 57.09M 67.02M 63.86M 63.22M 63.15M 62.70M 62.40M 62.60M 62.50M 62.10M 61.60M
Adjusted Basic & Diluted Earnings per Share		 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding		 46.16M 64.33M 63.07M 62.80M 62.43M 62.20M 62.29M 62.39M 62.10M 61.82M 60.97M
Normalized Net Operating Profit after Tax (NOPAT)		 222 349 475 496 575 724 816 847 954 1,292 2,120
Normalized NOPAT Margin		 7.49% 9.87% 12.45% 12.52% 13.55% 15.28% 17.26% 15.64% 15.49% 19.07% 32.43%
Pre Tax Income Margin		 8.42% 11.69% 15.90% 15.61% 13.57% 15.79% 18.80% 15.80% 17.71% 22.03% 39.72%
Debt Service Ratios		 - - - - - - - - - - -
EBIT to Interest Expense		 4.77 6.42 8.43 7.76 5.20 6.79 8.53 7.00 7.46 10.05 16.36
NOPAT to Interest Expense		 2.95 4.52 5.81 8.82 4.11 5.60 6.90 5.60 5.60 7.77 12.32
EBIT Less CapEx to Interest Expense		 1.26 2.25 3.69 3.28 2.46 3.74 5.48 4.03 4.60 6.11 11.30
NOPAT Less CapEx to Interest Expense		 -0.56 0.35 1.07 4.34 1.37 2.55 3.86 2.64 2.75 3.84 7.26
Payout Ratios		 - - - - - - - - - - -
Dividend Payout Ratio		 59.69% 37.30% 24.78% 15.26% 24.74% 21.31% 19.46% 21.12% 18.45% 14.87% 9.47%
Augmented Payout Ratio		 59.69% 217.26% 85.71% 29.28% 46.09% 37.35% 26.39% 21.12% 35.76% 27.69% 32.01%

Quarterly Metrics And Ratios for Martin Marietta Materials

This table displays calculated financial ratios and metrics derived from Martin Marietta Materials' official financial filings.

Metric Q4 2022 Q1 2023 Q2 2023 Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025
Period end date 12/31/2022 3/31/2023 6/30/2023 9/30/2023 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025 6/30/2025
Growth Metrics		 - - - - - - - - - - -
Revenue Growth		 -1.31% 10.01% 10.92% 10.06% 8.88% -7.61% -3.13% -5.27% 1.49% 8.15% 2.66%
EBITDA Growth		 17.17% 69.43% -2.86% 32.80% 27.12% 370.03% -9.33% -9.12% 8.24% -77.40% 14.62%
EBIT Growth		 30.75% 201.27% -3.72% 40.61% 38.66% 582.63% -14.52% -14.63% 5.50% -85.97% 13.59%
NOPAT Growth		 7.84% 219.73% -0.86% 41.49% 47.03% 579.33% -14.10% -14.16% 6.96% -85.53% 16.20%
Net Income Growth		 17.27% 472.77% -4.75% 41.21% 53.26% 757.38% -15.76% -12.95% 3.90% -88.91% 11.56%
EPS Growth		 17.60% 473.53% -4.27% 42.07% 54.42% 765.13% -15.15% -12.05% 7.27% -88.74% 14.08%
Operating Cash Flow Growth		 20.40% -5.24% 207.82% 65.39% 28.98% 6.83% -99.72% 32.16% 23.60% 26.74% 38,600.00%
Free Cash Flow Firm Growth		 108.88% 94.98% 100.64% 99.44% 260.61% 1,256.27% -20,365.45% -21,993.47% -576.43% -370.52% 36.95%
Invested Capital Growth		 0.03% 2.57% 3.35% 4.27% -4.07% -2.96% 18.81% 17.65% 37.76% 36.52% 11.26%
Revenue Q/Q Growth		 -18.49% -8.30% 34.49% 9.50% -19.36% -22.21% 41.01% 7.09% -13.61% -17.10% 33.85%
EBITDA Q/Q Growth		 -25.27% -16.02% 81.31% 16.69% -28.47% 210.10% -65.03% 16.97% -14.81% -35.14% 77.37%
EBIT Q/Q Growth		 -33.33% -22.71% 126.29% 20.54% -34.25% 280.43% -71.66% 20.39% -18.75% -49.38% 129.41%
NOPAT Q/Q Growth		 -33.82% -26.73% 136.65% 23.30% -31.23% 237.77% -70.08% 23.21% -14.31% -54.22% 140.38%
Net Income Q/Q Growth		 -37.69% -33.62% 186.07% 19.48% -32.37% 271.19% -71.89% 23.47% -19.28% -60.41% 182.76%
EPS Q/Q Growth		 -37.84% -33.67% 187.69% 19.79% -32.44% 271.59% -71.78% 24.16% -17.60% -60.99% 185.79%
Operating Cash Flow Q/Q Growth		 56.76% -62.60% 122.36% 26.82% 22.25% -69.06% -99.42% 59,900.00% 14.33% -68.22% 77.52%
Free Cash Flow Firm Q/Q Growth		 116.09% -157.20% 107.31% -182.85% 10,506.90% 87.75% -228.15% 9.68% -124.42% -4.15% 70.13%
Invested Capital Q/Q Growth		 0.20% 1.36% 1.04% 1.60% -7.81% 2.36% 23.72% 0.60% 7.95% 1.62% 0.82%
Profitability Metrics		 - - - - - - - - - - -
Gross Margin		 23.96% 22.38% 30.75% 33.90% 30.10% 21.74% 29.31% 31.71% 30.02% 24.76% 30.04%
EBITDA Margin		 27.17% 24.89% 33.55% 35.76% 31.72% 126.62% 31.41% 34.30% 33.82% 26.46% 35.06%
Operating Margin		 17.78% 14.48% 25.43% 28.44% 23.01% 113.59% 22.56% 25.89% 24.45% 14.34% 25.29%
EBIT Margin		 18.66% 15.73% 26.47% 29.14% 23.76% 116.23% 23.36% 26.26% 24.69% 15.08% 25.84%
Profit (Net Income) Margin		 12.46% 9.01% 19.17% 20.91% 17.54% 83.61% 16.67% 19.22% 17.95% 8.57% 18.11%
Tax Burden Percent		 79.00% 71.35% 79.32% 77.22% 82.46% 73.97% 79.03% 79.26% 83.24% 78.38% 79.81%
Interest Burden Percent		 84.54% 80.28% 91.29% 92.94% 89.53% 97.25% 90.29% 92.34% 87.34% 72.55% 87.82%
Effective Tax Rate		 19.58% 21.05% 20.91% 20.37% 16.08% 26.03% 20.97% 20.74% 16.76% 21.62% 20.19%
Return on Invested Capital (ROIC)		 8.18% 6.66% 11.97% 13.70% 12.40% 52.13% 9.78% 10.95% 10.83% 5.95% 9.74%
ROIC Less NNEP Spread (ROIC-NNEP)		 7.49% 5.84% 11.52% 12.75% 11.43% 51.94% 9.25% 10.29% 9.72% 4.94% 8.95%
Return on Net Nonoperating Assets (RNNOA)		 4.28% 3.41% 6.10% 6.24% 4.43% 17.67% 4.48% 4.50% 3.93% 1.95% 4.67%
Return on Equity (ROE)		 12.46% 10.07% 18.07% 19.95% 16.83% 69.80% 14.26% 15.45% 14.76% 7.91% 14.41%
Cash Return on Invested Capital (CROIC)		 8.76% 7.24% 6.39% 6.60% 16.31% 23.24% 0.41% 0.68% -14.82% -21.42% -1.72%
Operating Return on Assets (OROA)		 7.82% 6.79% 11.49% 13.06% 10.69% 49.84% 9.79% 10.90% 9.70% 5.89% 10.04%
Return on Assets (ROA)		 5.22% 3.89% 8.32% 9.38% 7.89% 35.85% 6.98% 7.97% 7.05% 3.35% 7.04%
Return on Common Equity (ROCE)		 12.45% 10.07% 18.06% 19.94% 16.83% 69.78% 14.25% 15.45% 14.76% 7.90% 14.41%
Return on Equity Simple (ROE_SIMPLE)		 0.00% 13.48% 12.80% 13.74% 0.00% 23.59% 23.06% 21.64% 0.00% 11.74% 0.00%
Net Operating Profit after Tax (NOPAT)		 211 155 366 452 310 1,051 315 388 332 152 366
NOPAT Margin		 14.30% 11.43% 20.11% 22.64% 19.31% 84.03% 17.83% 20.52% 20.35% 11.24% 20.18%
Net Nonoperating Expense Percent (NNEP)		 0.69% 0.82% 0.46% 0.96% 0.97% 0.19% 0.52% 0.66% 1.11% 1.02% 0.79%
Return On Investment Capital (ROIC_SIMPLE)		 1.73% - - - 2.51% - - - 2.23% 1.05% 2.47%
Cost of Revenue to Revenue		 76.04% 77.62% 69.25% 66.10% 69.90% 78.26% 70.69% 68.29% 69.98% 75.24% 69.96%
SG&A Expenses to Revenue		 6.83% 7.68% 6.15% 5.42% 7.40% 9.43% 6.63% 5.56% 6.56% 9.61% 6.02%
R&D to Revenue		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Operating Expenses to Revenue		 6.18% 7.90% 5.33% 5.47% 7.09% -91.85% 6.75% 5.82% 5.58% 10.42% 4.75%
Earnings before Interest and Taxes (EBIT)		 276 213 482 581 382 1,454 412 496 403 204 468
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)		 401 337 611 713 510 1,584 554 648 552 358 635
Valuation Ratios		 - - - - - - - - - - -
Price to Book Value (P/BV)		 2.89 3.05 3.83 3.23 3.82 4.27 3.78 3.59 3.34 3.21 3.53
Price to Tangible Book Value (P/TBV)		 7.76 8.15 9.68 7.58 7.77 8.07 7.80 7.01 6.37 6.36 6.79
Price to Revenue (P/Rev)		 3.37 3.48 4.40 3.80 4.53 5.68 5.05 5.05 4.83 4.39 4.95
Price to Earnings (P/E)		 23.91 22.65 30.01 23.58 26.24 18.11 16.38 16.57 15.82 27.35 30.09
Dividend Yield		 0.76% 0.73% 0.58% 0.67% 0.56% 0.47% 0.55% 0.56% 0.59% 0.65% 0.58%
Earnings Yield		 4.18% 4.42% 3.33% 4.24% 3.81% 5.52% 6.11% 6.03% 6.32% 3.66% 3.32%
Enterprise Value to Invested Capital (EV/IC)		 2.29 2.38 2.93 2.58 3.26 3.74 2.87 2.80 2.55 2.38 2.62
Enterprise Value to Revenue (EV/Rev)		 4.01 4.14 5.01 4.35 4.98 5.93 5.69 5.66 5.56 5.19 5.73
Enterprise Value to EBITDA (EV/EBITDA)		 13.99 13.65 17.16 14.03 15.54 11.58 11.20 11.19 10.88 16.32 17.45
Enterprise Value to EBIT (EV/EBIT)		 19.61 18.54 23.39 18.64 20.35 13.66 13.30 13.44 13.13 22.75 24.36
Enterprise Value to NOPAT (EV/NOPAT)		 26.09 24.67 30.79 24.44 26.30 18.19 17.71 17.90 17.45 29.06 30.93
Enterprise Value to Operating Cash Flow (EV/OCF)		 24.94 26.47 26.44 20.61 22.08 25.72 31.83 27.77 24.89 22.90 20.24
Enterprise Value to Free Cash Flow (EV/FCFF)		 26.19 33.32 46.66 39.91 19.60 15.84 760.09 444.63 0.00 0.00 0.00
Leverage & Solvency		 - - - - - - - - - - -
Debt to Equity		 0.70 0.70 0.68 0.56 0.54 0.49 0.49 0.44 0.57 0.60 0.58
Long-Term Debt to Equity		 0.61 0.60 0.59 0.51 0.49 0.44 0.45 0.43 0.56 0.58 0.56
Financial Leverage		 0.57 0.58 0.53 0.49 0.39 0.34 0.48 0.44 0.40 0.40 0.52
Leverage Ratio		 2.14 2.14 2.10 2.01 1.98 1.94 1.94 1.85 1.90 1.89 1.89
Compound Leverage Factor		 1.81 1.72 1.92 1.87 1.77 1.89 1.75 1.71 1.66 1.37 1.66
Debt to Total Capital		 41.27% 41.26% 40.45% 35.76% 35.10% 32.87% 32.96% 30.60% 36.40% 37.34% 36.64%
Short-Term Debt to Total Capital		 5.72% 5.73% 5.62% 3.29% 3.23% 3.02% 3.03% 0.72% 0.84% 0.86% 0.85%
Long-Term Debt to Total Capital		 35.54% 35.53% 34.84% 32.47% 31.87% 29.85% 29.93% 29.88% 35.56% 36.48% 35.79%
Preferred Equity to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Noncontrolling Interests to Total Capital		 0.02% 0.02% 0.02% 0.02% 0.02% 0.02% 0.02% 0.02% 0.02% 0.02% 0.02%
Common Equity to Total Capital		 58.71% 58.72% 59.53% 64.22% 64.88% 67.11% 67.02% 69.39% 63.58% 62.64% 63.34%
Debt to EBITDA		 2.85 2.65 2.67 2.11 2.00 1.27 1.29 1.23 1.62 2.56 2.47
Net Debt to EBITDA		 2.25 2.16 2.08 1.79 1.41 0.50 1.26 1.21 1.42 2.52 2.36
Long-Term Debt to EBITDA		 2.46 2.28 2.30 1.91 1.82 1.15 1.17 1.20 1.58 2.50 2.41
Debt to NOPAT		 5.32 4.78 4.80 3.67 3.39 2.00 2.05 1.96 2.60 4.56 4.38
Net Debt to NOPAT		 4.20 3.90 3.73 3.12 2.39 0.78 1.99 1.94 2.28 4.48 4.19
Long-Term Debt to NOPAT		 4.58 4.12 4.13 3.33 3.08 1.81 1.86 1.92 2.54 4.46 4.28
Altman Z-Score		 2.52 2.64 3.21 3.24 3.77 4.49 3.70 3.78 3.16 2.95 3.28
Noncontrolling Interest Sharing Ratio		 0.03% 0.03% 0.03% 0.03% 0.03% 0.03% 0.03% 0.03% 0.03% 0.03% 0.03%
Liquidity Ratios		 - - - - - - - - - - -
Current Ratio		 1.99 2.12 2.21 2.47 3.35 3.16 1.86 2.34 2.50 2.25 2.35
Quick Ratio		 0.79 0.77 0.97 1.49 1.73 2.35 0.85 0.97 1.33 0.89 1.11
Cash Flow Metrics		 - - - - - - - - - - -
Free Cash Flow to Firm (FCFF)		 208 -119 8.69 -7.20 749 1,374 -1,761 -1,591 -3,570 -3,718 -1,110
Operating Cash Flow to CapEx		 248.87% 92.53% 300.84% 265.50% 298.39% 86.00% 0.72% 212.01% 294.42% 93.56% 216.20%
Free Cash Flow to Firm to Interest Expense		 4.88 -2.83 0.21 -0.18 18.73 34.36 -44.03 -41.86 -70.00 -66.39 -19.48
Operating Cash Flow to Interest Expense		 10.10 3.83 8.52 11.07 13.88 4.30 0.03 15.79 13.45 3.89 6.79
Operating Cash Flow Less CapEx to Interest Expense		 6.04 -0.31 5.69 6.90 9.23 -0.70 -3.45 8.34 8.88 -0.27 3.65
Efficiency Ratios		 - - - - - - - - - - -
Asset Turnover		 0.42 0.43 0.43 0.45 0.45 0.43 0.42 0.42 0.39 0.39 0.39
Accounts Receivable Turnover		 7.90 8.08 6.44 6.45 8.81 8.90 7.01 6.63 9.13 9.25 7.37
Inventory Turnover		 5.83 5.45 5.32 5.23 5.10 4.62 4.53 4.46 4.43 4.18 4.17
Fixed Asset Turnover		 0.97 1.01 1.04 1.06 1.08 1.04 0.89 0.86 0.80 0.80 0.71
Accounts Payable Turnover		 12.78 13.73 13.47 14.07 13.06 16.47 14.35 14.12 12.97 16.66 14.74
Days Sales Outstanding (DSO)		 46.21 45.19 56.64 56.55 41.44 41.01 52.08 55.03 39.96 39.48 49.49
Days Inventory Outstanding (DIO)		 62.64 67.02 68.65 69.76 71.51 78.95 80.52 81.88 82.43 87.42 87.44
Days Payable Outstanding (DPO)		 28.55 26.58 27.10 25.95 27.95 22.16 25.44 25.85 28.13 21.91 24.76
Cash Conversion Cycle (CCC)		 80.30 85.63 98.19 100.36 85.00 97.80 107.15 111.06 94.26 104.99 112.17
Capital & Investment Metrics		 - - - - - - - - - - -
Invested Capital		 10,773 10,919 11,033 11,210 10,334 10,596 13,109 13,188 14,236 14,466 14,585
Invested Capital Turnover		 0.57 0.58 0.60 0.61 0.64 0.62 0.55 0.53 0.53 0.53 0.48
Increase / (Decrease) in Invested Capital		 3.40 274 358 459 -439 -323 2,076 1,978 3,902 3,870 1,476
Enterprise Value (EV)		 24,711 25,998 32,365 28,925 33,737 39,596 37,637 36,889 36,313 34,470 38,277
Market Capitalization		 20,732 21,886 28,444 25,226 30,671 37,897 33,397 32,896 31,567 29,154 33,094
Book Value per Share		 $115.48 $115.53 $119.76 $126.25 $129.98 $143.61 $143.38 $150.02 $154.67 $148.93 $155.31
Tangible Book Value per Share		 $43.05 $43.23 $47.41 $53.82 $63.86 $75.95 $69.48 $76.84 $81.09 $75.23 $80.83
Total Capital		 12,213 12,219 12,467 12,149 12,382 13,224 13,187 13,214 14,869 14,498 14,782
Total Debt		 5,040 5,042 5,043 4,344 4,346 4,347 4,347 4,043 5,413 5,414 5,416
Total Long-Term Debt		 4,341 4,342 4,343 3,945 3,946 3,947 3,947 3,948 5,288 5,289 5,291
Net Debt		 3,977 4,110 3,919 3,697 3,064 1,697 4,238 3,991 4,743 5,313 5,180
Capital Expenditures (CapEx)		 173 174 119 171 186 200 139 283 233 233 179
Debt-free, Cash-free Net Working Capital (DFCFNWC)		 1,067 1,253 1,326 1,428 1,867 839 1,324 1,369 981 1,192 1,263
Debt-free Net Working Capital (DFNWC)		 2,130 2,184 2,450 2,076 3,149 3,489 1,433 1,421 1,651 1,293 1,499
Net Working Capital (NWC)		 1,431 1,485 1,750 1,676 2,749 3,089 1,033 1,326 1,526 1,168 1,374
Net Nonoperating Expense (NNE)		 27 33 17 35 28 5.18 21 25 39 36 38
Net Nonoperating Obligations (NNO)		 3,600 3,742 3,610 3,405 2,298 1,719 4,269 4,017 4,780 5,382 5,219
Total Depreciation and Amortization (D&A)		 126 124 129 132 128 130 142 152 149 154 167
Debt-free, Cash-free Net Working Capital to Revenue		 17.32% 19.93% 20.52% 21.49% 27.55% 12.57% 20.01% 21.02% 15.01% 17.96% 18.89%
Debt-free Net Working Capital to Revenue		 34.58% 34.76% 37.91% 31.24% 46.47% 52.28% 21.66% 21.82% 25.26% 19.48% 22.42%
Net Working Capital to Revenue		 23.23% 23.63% 27.07% 25.22% 40.56% 46.28% 15.61% 20.36% 23.35% 17.60% 20.55%
Earnings Adjustments		 - - - - - - - - - - -
Adjusted Basic Earnings per Share		 $2.96 $1.96 $5.62 $6.74 $4.56 $16.92 $4.77 $5.93 $4.88 $1.91 $5.44
Adjusted Weighted Average Basic Shares Outstanding		 62.30M 62.10M 61.90M 61.80M 61.90M 61.80M 61.50M 61.10M 61.40M 60.90M 60.30M
Adjusted Diluted Earnings per Share		 $2.94 $1.95 $5.61 $6.72 $4.54 $16.87 $4.76 $5.91 $4.87 $1.90 $5.43
Adjusted Weighted Average Diluted Shares Outstanding		 62.50M 62.20M 62.10M 62M 62.10M 62M 61.60M 61.30M 61.60M 61M 60.40M
Adjusted Basic & Diluted Earnings per Share		 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding		 62.10M 61.97M 61.80M 61.81M 61.82M 61.64M 61.12M 61.12M 60.97M 60.29M 60.31M
Normalized Net Operating Profit after Tax (NOPAT)		 214 156 366 454 317 1,066 331 391 336 154 367
Normalized NOPAT Margin		 14.46% 11.49% 20.11% 22.76% 19.73% 85.21% 18.77% 20.69% 20.61% 11.35% 20.27%
Pre Tax Income Margin		 15.77% 12.63% 24.16% 27.08% 21.27% 113.03% 21.09% 24.25% 21.57% 10.94% 22.69%
Debt Service Ratios		 - - - - - - - - - - -
EBIT to Interest Expense		 6.47 5.07 11.48 14.17 9.55 36.35 10.30 13.05 7.90 3.64 8.21
NOPAT to Interest Expense		 4.96 3.68 8.72 11.01 7.76 26.28 7.86 10.20 6.51 2.72 6.41
EBIT Less CapEx to Interest Expense		 2.41 0.93 8.64 10.00 4.90 31.35 6.83 5.61 3.33 -0.52 5.07
NOPAT Less CapEx to Interest Expense		 0.90 -0.46 5.89 6.84 3.11 21.28 4.39 2.75 1.94 -1.45 3.27
Payout Ratios		 - - - - - - - - - - -
Dividend Payout Ratio		 18.45% 16.76% 17.48% 15.86% 14.87% 8.57% 8.95% 9.45% 9.47% 18.01% 17.64%
Augmented Payout Ratio		 35.76% 34.85% 43.80% 29.86% 27.69% 19.32% 31.03% 32.13% 32.01% 88.37% 58.55%

Key Financial Trends

Martin Marietta Materials (NYSE: MLM) has shown a generally positive financial trajectory over the last several quarters and years based on the available quarterly financial data. Here are some key points summarizing the trends:

  • Net Income Growth: The company reported solid earnings growth with Q2 2025 net income at $328 million, up from $116 million in Q1 2025 and improving significantly from previous quarters. Annual net income has grown steadily from around $184 million in Q4 2022 to higher quarterly amounts in 2024 and 2025.
  • Revenue Expansion: Operating revenue has increased from approximately $1.48 billion in Q4 2022 to $1.81 billion in Q2 2025, indicating rising demand and expanded operations.
  • Strong Operating Cash Flow: Cash from continuing operating activities has remained strong, with $387 million generated in Q2 2025 and a robust $686 million in Q4 2024, facilitating investments and other activities.
  • Stable Gross Profit Margins: Gross profit consistently remains substantial, for example, $544 million in Q2 2025 and $599 million in Q3 2024, supporting overall profitability.
  • Capital Investments: The company continues investing in property, plant, and equipment with purchases around $179 million in Q2 2025 and similar levels in prior quarters, supporting growth.
  • Dividend Payments: Regular dividend payments have been maintained, with roughly $48 million paid in Q2 2025, reflecting steady shareholder returns.
  • Leverage Level: Long-term debt has risen somewhat from approximately $4.3 billion in mid-2022 to $5.29 billion in Q2 2025. While manageable, it is a factor to monitor closely.
  • Share Repurchases: The company has repurchased common shares periodically (e.g., $450 million in Q1 2025), which can boost earnings per share but also reduces cash reserves.
  • Volatile Cash Flow from Investing Activities: There have been large swings in investing cash flows due to acquisitions and divestitures (e.g., significant acquisitions in 2024's Q2 and 2023), which could pose integration risks.
  • Operating Expense Volatility: Restructuring charges and other non-operating items occasionally impact operating expenses, such as a $21 million restructuring charge in Q2 2024, potentially pressuring margins.

Summary: Martin Marietta Materials has demonstrated consistent revenue and earnings growth over the last few years with strong operating cash flows supporting ongoing investments and dividends. The company is expanding its asset base and maintaining profitability at solid levels. However, investors should keep an eye on increasing leverage and significant investing activity that could affect cash flow stability. Operating expense fluctuations related to restructuring also warrant monitoring. Overall, the financial data suggests a healthy growth-oriented business with reasonable capital management measures, making it an attractive prospect for investors seeking exposure to the building materials sector.

08/24/25 04:27 PMAI Generated. May Contain Errors.

Frequently Asked Questions About Martin Marietta Materials' Financials

When does Martin Marietta Materials' financial year end?

According to the most recent income statement we have on file, Martin Marietta Materials' fiscal year ends in December. Their fiscal year 2024 ended on December 31, 2024.

How has Martin Marietta Materials' net income changed over the last 10 years?

Martin Marietta Materials' net income appears to be on an upward trend, with a most recent value of $2.00 billion in 2024, rising from $154.29 million in 2014. The previous period was $1.17 billion in 2023. Check out Martin Marietta Materials' forecast to explore projected trends and price targets.

What is Martin Marietta Materials' operating income?
Martin Marietta Materials' total operating income in 2024 was $2.71 billion, based on the following breakdown:
  • Total Gross Profit: $1.88 billion
  • Total Operating Expenses: -$829 million
How has Martin Marietta Materials' revenue changed over the last 10 years?

Over the last 10 years, Martin Marietta Materials' total revenue changed from $2.96 billion in 2014 to $6.54 billion in 2024, a change of 121.0%.

How much debt does Martin Marietta Materials have?

Martin Marietta Materials' total liabilities were at $8.71 billion at the end of 2024, a 22.9% increase from 2023, and a 203.9% increase since 2014.

How much cash does Martin Marietta Materials have?

In the past 10 years, Martin Marietta Materials' cash and equivalents has ranged from $21 million in 2019 to $1.45 billion in 2017, and is currently $670 million as of their latest financial filing in 2024.

How has Martin Marietta Materials' book value per share changed over the last 10 years?

Over the last 10 years, Martin Marietta Materials' book value per share changed from 64.68 in 2014 to 154.67 in 2024, a change of 139.1%.


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This page (NYSE:MLM) was last updated on 8/24/2025 by MarketBeat.com Staff
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