Martin Marietta Materials (MLM) Financials

$604.82 +26.96 (+4.66%)

As of 03:18 PM Eastern

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	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Period end date	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	289	425	713	470	612	721	703	867	1,169	1,995
Consolidated Net Income / (Loss)	289	425	713	470	612	721	703	867	1,170	1,996
Net Income / (Loss) Continuing Operations	289	425	713	470	612	721	702	856	1,200	1,996
Total Pre-Tax Income	414	607	619	576	748	889	856	1,091	1,493	2,596
Total Operating Income	494	677	700	691	885	1,005	974	1,207	1,596	2,707
Total Gross Profit	727	912	972	967	1,179	1,253	1,348	1,423	2,023	1,878
Total Revenue	3,540	3,819	3,966	4,244	4,739	4,730	5,414	6,161	6,777	6,536
Operating Revenue	3,540	3,819	3,966	4,244	4,739	4,730	5,414	6,161	6,777	6,536
Total Cost of Revenue	2,813	2,907	2,994	3,278	3,560	3,477	4,066	4,738	4,754	4,658
Operating Cost of Revenue	2,813	2,907	2,994	3,278	3,560	3,477	4,066	4,738	4,754	4,658
Total Operating Expenses	233	234	272	276	294	247	375	216	427	-829
Selling, General & Admin Expense	211	242	262	281	303	306	351	397	443	447
Other Operating Expenses / (Income)	16	-8.04	0.80	-18	-9.10	-60	-34	-190	-28	-1,326
Restructuring Charge	6.35	0.91	8.60	14	0.50	1.30	58	9.00	12	50
Total Other Income / (Expense), net	-80	-70	-82	-115	-137	-116	-118	-116	-103	-111
Interest Expense	76	82	92	137	129	118	143	169	165	169
Other Income / (Expense), net	-4.08	11	10	23	-7.30	2.00	24	53	62	58
Income Tax Expense	125	182	-95	106	136	168	153	235	293	600
Net Income / (Loss) Discontinued Operations	-	-	-	-	0.00	0.00	0.50	11	-30	0.00
Net Income / (Loss) Attributable to Noncontrolling Interest	0.15	0.06	0.10	0.40	0.10	0.10	0.30	0.00	1.00	1.00
Basic Earnings per Share	$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	66.77M	63.61M	62.90M	62.90M	62.50M	62.30M	62.40M	62.30M	61.90M	61.40M
Diluted Earnings per Share	$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	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	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	$1.72	$1.72	$1.84	$2.06	$2.24	$2.36	$2.54	$2.80	$3.06

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	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025
Period end date	9/30/2022	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
Net Income / (Loss) Attributable to Common Shareholders	295	184	121	348	417	283	1,045	294	363	293	116
Consolidated Net Income / (Loss)	295	184	122	349	417	282	1,046	294	363	293	116
Net Income / (Loss) Continuing Operations	291	187	135	348	430	287	1,046	294	363	293	116
Total Pre-Tax Income	370	233	171	440	540	342	1,414	372	458	352	148
Total Operating Income	406	263	196	463	567	370	1,421	398	489	399	194
Total Gross Profit	488	354	303	560	676	484	272	517	599	490	335
Total Revenue	1,812	1,477	1,354	1,821	1,994	1,608	1,251	1,764	1,889	1,632	1,353
Operating Revenue	1,812	1,477	1,354	1,821	1,994	1,608	1,251	1,764	1,889	1,632	1,353
Total Cost of Revenue	1,324	1,123	1,051	1,261	1,318	1,124	979	1,247	1,290	1,142	1,018
Operating Cost of Revenue	1,324	1,123	1,051	1,261	1,318	1,124	979	1,247	1,290	1,142	1,018
Total Operating Expenses	82	91	107	97	109	114	-1,149	119	110	91	141
Selling, General & Admin Expense	95	101	104	112	108	119	118	117	105	107	130
Other Operating Expenses / (Income)	-15	-13	2.00	-15	-2.00	-13	-1,287	-19	1.00	-21	9.00
Restructuring Charge	1.80	2.90	1.00	0.00	3.00	8.00	20	21	4.00	5.00	2.00
Total Other Income / (Expense), net	-36	-30	-25	-23	-27	-28	-7.00	-26	-31	-47	-46
Interest Expense	43	43	42	42	41	40	40	40	38	51	56
Other Income / (Expense), net	7.30	13	17	19	14	12	33	14	7.00	4.00	10
Income Tax Expense	79	46	36	92	110	55	368	78	95	59	32
Net Income / (Loss) Attributable to Noncontrolling Interest	0.00	0.20	1.00	1.00	0.00	-1.00	1.00	0.00	0.00	-	0.00
Basic Earnings per Share	$4.74	$2.96	$1.96	$5.62	$6.74	$4.56	$16.92	$4.77	$5.93	$4.88	$1.91
Weighted Average Basic Shares Outstanding	62.30M	62.30M	62.10M	61.90M	61.80M	61.90M	61.80M	61.50M	61.10M	61.40M	60.90M
Diluted Earnings per Share	$4.73	$2.94	$1.95	$5.61	$6.72	$4.54	$16.87	$4.76	$5.91	$4.87	$1.90
Weighted Average Diluted Shares Outstanding	62.50M	62.50M	62.20M	62.10M	62M	62.10M	62M	61.60M	61.30M	61.60M	61M
Weighted Average Basic & Diluted Shares Outstanding	62.09M	62.10M	61.97M	61.80M	61.81M	61.82M	61.64M	61.12M	61.12M	60.97M	60.29M
Cash Dividends to Common per Share	$0.66	-	$0.66	$0.66	$0.74	-	$0.74	$0.74	$0.79	-	$0.79

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

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	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025
Period end date	9/30/2022	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
Net Change in Cash & Equivalents	-562	148	-129	192	226	634	1,368	-2,541	-57	618	-569
Net Cash From Operating Activities	275	430	161	358	454	555	172	1.00	600	686	218
Net Cash From Continuing Operating Activities	349	356	161	358	454	555	172	1.00	600	686	218
Net Income / (Loss) Continuing Operations	295	184	122	348	417	283	1,046	294	362	294	116
Consolidated Net Income / (Loss)	295	184	122	348	417	283	1,046	294	362	294	116
Depreciation Expense	124	126	124	129	132	128	130	142	152	149	154
Non-Cash Adjustments To Reconcile Net Income	-4.60	-7.60	11	-3.00	28	-4.00	-1,271	13	6.00	-24	31
Changes in Operating Assets and Liabilities, net	-65	53	-96	-116	-123	148	267	-448	80	267	-83
Net Cash From Investing Activities	-758	-160	-152	-45	523	133	1,425	-2,191	-298	-1,380	-262
Net Cash From Continuing Investing Activities	-758	-160	-152	-45	523	133	1,425	-2,191	-298	-1,380	-262
Purchase of Property, Plant & Equipment	-88	-173	-174	-119	-171	-186	-200	-139	-283	-233	-233
Acquisitions	-	-	0.00	-	-	-	-488	-2,050	-	-1,104	0.00
Purchase of Investments	-	0.60	-	-	-	-	-	-	-	-	-20
Divestitures	35	7.90	22	73	3.00	329	2,107	14	7.00	32	2.00
Other Investing Activities, net	0.40	4.80	0.00	1.00	-9.00	17	6.00	-16	-22	42	-11
Net Cash From Financing Activities	-153	-48	-138	-121	-751	-54	-229	-351	-359	1,312	-525
Net Cash From Continuing Financing Activities	-153	-48	-138	-121	-751	-54	-229	-351	-359	1,312	-525
Repayment of Debt	-7.10	1.80	-	-	-	-1.00	-	-	-	-899	0.00
Repurchase of Common Equity	-100	-	-75	-75	-	-	-150	-300	-	-	-450
Payment of Dividends	-41	-42	-42	-42	-45	-45	-47	-45	-50	-47	-49
Other Financing Activities, net	-4.80	-7.40	-21	-4.00	-6.00	-8.00	-32	-6.00	-4.00	-10	-26

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	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Period end date	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	6,958	7,301	8,993	9,551	10,132	10,581	14,393	14,994	15,125	18,170
Total Current Assets	1,082	1,086	2,631	1,366	1,427	1,668	2,026	2,877	3,919	2,542
Cash & Equivalents	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	411	458	487	523	574	575	774	786	753	678
Inventories, net	469	522	601	663	691	709	753	874	989	1,115
Other Current Assets	33	57	97	135	141	80	138	81	88	71
Other Current Nonoperating Assets	-	-	-	-	-	-	102	73	807	8.00
Plant, Property, & Equipment, net	3,156	3,423	3,593	5,157	5,206	5,242	6,338	6,317	6,186	10,109
Total Noncurrent Assets	2,720	2,791	2,769	3,028	3,499	3,670	6,029	5,800	5,020	5,519
Goodwill	2,068	2,159	2,160	2,399	2,397	2,414	3,494	3,650	3,389	3,767
Intangible Assets	66	511	506	501	487	508	1,065	848	698	730
Other Noncurrent Operating Assets	586	120	102	128	615	748	853	930	933	1,022
Other Noncurrent Nonoperating Assets	-	-	-	-	-	-	617	373	0.00	0.00
Total Liabilities & Shareholders' Equity	6,958	7,301	8,993	9,551	10,132	10,581	14,393	14,994	15,125	18,170
Total Liabilities	2,897	3,158	4,310	4,602	4,778	4,688	7,855	7,821	7,089	8,714
Total Current Liabilities	367	547	694	787	839	499	753	1,446	1,170	1,016
Short-Term Debt	19	180	300	390	340	-	0.00	699	400	125
Accounts Payable	165	179	184	211	230	208	356	385	343	375
Current Deferred & Payable Income Tax Liabilities	-	-	-	-	-	-	-	-	6.00	102
Current Employee Benefit Liabilities	39	57	58	-	-	-	87	72	102	73
Other Taxes Payable	63	60	65	115	57	83	58	55	47	50
Other Current Liabilities	81	71	88	71	169	145	196	187	231	246
Other Current Nonoperating Liabilities	-	-	-	-	-	18	56	47	41	45
Total Noncurrent Liabilities	2,531	2,612	3,616	3,815	3,940	4,188	7,103	6,375	5,919	7,698
Long-Term Debt	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	583	663	411	706	733	782	895	914	874	1,169
Other Noncurrent Operating Liabilities	173	194	234	379	773	781	1,053	721	716	818
Other Noncurrent Nonoperating Liabilities	-	-	-	-	-	-	54	22	0.00	0.00
Commitments & Contingencies	-	-	-	-	-	-	-	-	0.00	0.00
Total Equity & Noncontrolling Interests	4,060	4,143	4,682	4,949	5,353	5,893	6,538	7,173	8,036	9,456
Total Preferred & Common Equity	4,057	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
Total Common Equity	4,057	4,140	4,680	4,946	5,351	5,891	6,535	7,171	8,034	9,453
Common Stock	3,288	3,335	3,369	3,397	3,419	3,441	3,471	3,490	3,520	3,551
Retained Earnings	874	936	1,440	1,693	2,077	2,608	3,162	3,719	4,563	5,915
Accumulated Other Comprehensive Income / (Loss)	-106	-131	-129	-144	-146	-158	-98	-39	-49	-13
Noncontrolling Interest	2.89	2.61	2.88	3.00	2.50	2.60	2.30	2.30	2.00	3.00

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	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025
Period end date	9/30/2022	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
Total Assets	14,730	14,994	14,891	15,246	14,918	15,125	16,240	16,333	16,469	18,170	17,724
Total Current Assets	2,847	2,877	2,813	3,192	2,817	3,919	4,518	2,229	2,319	2,542	2,103
Cash & Equivalents	136	358	229	422	648	1,272	2,648	109	52	670	101
Accounts Receivable	1,012	786	797	979	1,048	753	703	909	916	678	733
Inventories, net	823	874	949	955	993	989	1,077	1,105	1,089	1,115	1,173
Other Current Assets	92	81	75	90	83	88	70	96	252	71	96
Plant, Property, & Equipment, net	6,154	6,317	6,280	6,313	6,353	6,186	6,600	8,610	8,714	10,109	10,095
Plant, Property & Equipment, gross	10,400	-	10,721	10,859	11,011	-	11,257	13,383	13,588	-	15,187
Accumulated Depreciation	4,246	-	4,442	4,547	4,658	-	4,657	4,773	4,874	-	5,092
Total Noncurrent Assets	5,729	5,800	5,799	5,741	5,748	5,020	5,122	5,494	5,436	5,519	5,526
Goodwill	3,640	3,650	3,650	3,650	3,650	3,389	3,479	3,842	3,768	3,767	3,773
Intangible Assets	856	848	841	834	827	698	702	713	705	730	721
Other Noncurrent Operating Assets	857	930	934	932	964	933	941	939	963	1,022	1,032
Total Liabilities & Shareholders' Equity	14,730	14,994	14,891	15,246	14,918	15,125	16,240	16,333	16,469	18,170	17,724
Total Liabilities	7,792	7,821	7,713	7,823	7,113	7,089	7,363	7,493	7,298	8,714	8,640
Total Current Liabilities	1,420	1,446	1,328	1,442	1,141	1,170	1,429	1,196	993	1,016	935
Short-Term Debt	699	699	700	700	400	400	400	400	95	125	125
Accounts Payable	334	385	303	347	342	343	266	304	315	375	298
Current Deferred & Payable Income Tax Liabilities	-	-	-	-	-	6.00	457	158	231	102	125
Current Employee Benefit Liabilities	77	72	38	64	85	102	37	58	67	73	41
Other Taxes Payable	-	55	-	91	-	47	-	-	61	50	50
Other Current Liabilities	207	187	191	198	197	231	192	185	188	246	227
Other Current Nonoperating Liabilities	46	47	45	43	41	41	40	41	36	45	69
Total Noncurrent Liabilities	6,372	6,375	6,385	6,380	5,972	5,919	5,934	6,297	6,305	7,698	7,705
Long-Term Debt	4,340	4,341	4,342	4,343	3,945	3,946	3,947	3,947	3,948	5,288	5,289
Asset Retirement Reserve & Litigation Obligation	-	378	-	-	378	383	388	397	409	423	373
Noncurrent Deferred & Payable Income Tax Liabilities	886	914	921	916	914	874	865	1,110	1,127	1,169	1,172
Other Noncurrent Operating Liabilities	1,123	721	1,101	1,104	715	716	734	843	821	818	871
Commitments & Contingencies	-	-	-	-	-	0.00	-	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	6,938	7,173	7,178	7,423	7,805	8,036	8,877	8,840	9,171	9,456	9,084
Total Preferred & Common Equity	6,936	7,171	7,175	7,421	7,803	8,034	8,875	8,838	9,169	9,453	9,081
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	6,936	7,171	7,175	7,421	7,803	8,034	8,875	8,838	9,169	9,453	9,081
Common Stock	3,484	3,490	3,488	3,501	3,512	3,520	3,513	3,530	3,545	3,551	3,564
Retained Earnings	3,577	3,719	3,725	3,955	4,326	4,563	5,411	5,356	5,670	5,915	5,529
Accumulated Other Comprehensive Income / (Loss)	-125	-39	-37	-36	-35	-49	-49	-48	-46	-13	-12
Noncontrolling Interest	2.10	2.30	2.50	2.30	2.30	2.00	2.00	2.00	2.00	3.00	3.00

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

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Period end date	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	19.66%	7.89%	3.85%	7.03%	11.66%	-0.19%	14.46%	13.80%	10.00%	-3.56%
EBITDA Growth	40.09%	29.23%	3.45%	4.92%	18.15%	12.15%	3.50%	21.80%	22.93%	53.75%
EBIT Growth	55.47%	40.53%	3.15%	0.39%	23.05%	14.79%	-0.91%	26.23%	31.59%	66.77%
NOPAT Growth	76.93%	37.56%	70.08%	-30.14%	28.32%	12.65%	-1.94%	18.46%	35.46%	62.25%
Net Income Growth	87.26%	47.24%	67.68%	-34.06%	30.10%	17.83%	-2.54%	23.36%	34.95%	70.60%
EPS Growth	58.30%	54.55%	69.68%	-33.96%	31.09%	18.48%	-2.77%	23.62%	35.69%	72.21%
Operating Cash Flow Growth	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	123.26%	-78.09%	106.28%	-471.04%	153.67%	7.02%	-352.48%	154.33%	82.45%	-205.75%
Invested Capital Growth	-6.33%	5.83%	8.39%	28.13%	1.01%	1.57%	30.80%	0.03%	-4.07%	37.76%
Revenue Q/Q Growth	-0.33%	2.81%	0.55%	1.19%	-31.09%	94.48%	6.21%	-0.32%	1.98%	0.37%
EBITDA Q/Q Growth	2.19%	2.67%	3.32%	-2.07%	3.39%	4.22%	0.30%	3.44%	5.27%	1.27%
EBIT Q/Q Growth	4.51%	2.34%	4.39%	-4.98%	4.44%	5.21%	-2.55%	5.42%	6.86%	0.76%
NOPAT Q/Q Growth	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	7.13%	3.80%	64.04%	-37.55%	6.34%	7.80%	-3.61%	3.23%	9.16%	0.58%
EPS Q/Q Growth	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	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	-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	-1.42%	-1.82%	3.54%	-1.29%	-0.88%	0.52%	17.82%	0.20%	-7.81%	7.95%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-
Gross Margin	20.54%	23.88%	24.51%	22.77%	24.88%	26.49%	24.91%	23.10%	29.85%	28.73%
EBITDA Margin	21.29%	25.50%	25.41%	24.91%	26.36%	29.62%	26.78%	28.66%	32.03%	51.07%
Operating Margin	13.96%	17.74%	17.66%	16.27%	18.67%	21.26%	17.99%	19.59%	23.55%	41.42%
EBIT Margin	13.85%	18.03%	17.91%	16.80%	18.52%	21.30%	18.44%	20.45%	24.47%	42.30%
Profit (Net Income) Margin	8.16%	11.14%	17.99%	11.08%	12.91%	15.25%	12.98%	14.07%	17.26%	30.54%
Tax Burden Percent	69.83%	70.09%	115.27%	81.65%	81.79%	81.09%	82.15%	79.47%	78.37%	76.89%
Interest Burden Percent	84.43%	88.14%	87.12%	80.78%	85.27%	88.28%	85.70%	86.59%	90.05%	93.89%
Effective Tax Rate	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)	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)	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)	0.76%	1.93%	2.76%	1.87%	2.91%	2.84%	2.89%	3.86%	3.23%	5.88%
Return on Equity (ROE)	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)	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)	6.91%	9.66%	8.72%	7.69%	8.92%	9.73%	7.99%	8.58%	11.01%	16.61%
Return on Assets (ROA)	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)	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)	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)	345	475	807	564	724	815	799	947	1,283	2,081
NOPAT Margin	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)	3.90%	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	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	5.95%	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%
Operating Expenses to Revenue	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)	490	689	710	713	878	1,007	998	1,260	1,658	2,765
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	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)	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)	4.39	9.02	6.56	5.05	6.86	5.82	13.68	7.76	7.77	6.37
Price to Revenue (P/Rev)	2.39	3.47	3.33	2.44	3.57	3.65	4.99	3.37	4.53	4.83
Price to Earnings (P/E)	29.23	31.17	18.52	22.00	27.64	23.98	38.48	23.91	26.24	15.82
Dividend Yield	1.25%	0.79%	0.82%	1.12%	0.76%	0.81%	0.54%	0.76%	0.56%	0.59%
Earnings Yield	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)	1.80	2.58	2.36	1.67	2.43	2.38	2.96	2.29	3.26	2.55
Enterprise Value to Revenue (EV/Rev)	2.78	3.90	3.73	3.16	4.15	4.15	5.89	4.01	4.98	5.56
Enterprise Value to EBITDA (EV/EBITDA)	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)	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)	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)	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)	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	0.39	0.41	0.65	0.63	0.52	0.45	0.78	0.70	0.54	0.57
Long-Term Debt to Equity	0.38	0.36	0.58	0.55	0.45	0.45	0.78	0.61	0.49	0.56
Financial Leverage	0.34	0.37	0.36	0.48	0.57	0.45	0.53	0.57	0.39	0.40
Leverage Ratio	1.69	1.74	1.85	1.93	1.91	1.84	2.01	2.14	1.98	1.90
Compound Leverage Factor	1.42	1.53	1.61	1.56	1.63	1.63	1.72	1.86	1.78	1.79
Debt to Total Capital	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	0.33%	3.09%	3.89%	4.83%	4.18%	0.00%	0.00%	5.72%	3.23%	0.84%
Long-Term Debt to Total Capital	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%
Noncontrolling Interests to Total Capital	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	72.08%	71.03%	60.70%	61.30%	65.84%	69.15%	56.15%	58.71%	64.88%	63.58%
Debt to EBITDA	2.08	1.73	3.00	2.95	2.22	1.87	3.52	2.85	2.00	1.62
Net Debt to EBITDA	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	2.06	1.55	2.71	2.58	1.95	1.87	3.52	2.46	1.82	1.58
Debt to NOPAT	4.55	3.55	3.75	5.53	3.83	3.22	6.38	5.32	3.39	2.60
Net Debt to NOPAT	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	4.49	3.17	3.38	4.84	3.36	3.22	6.38	4.58	3.08	2.54
Altman Z-Score	2.79	3.62	3.02	2.36	3.23	3.45	3.08	2.74	4.05	3.59
Noncontrolling Interest Sharing Ratio	0.05%	0.07%	0.06%	0.06%	0.05%	0.05%	0.04%	0.03%	0.03%	0.03%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-
Current Ratio	2.95	1.99	3.79	1.74	1.70	3.34	2.69	1.99	3.35	2.50
Quick Ratio	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)	714	156	323	-1,198	643	688	-1,737	944	1,722	-1,821
Operating Cash Flow to CapEx	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	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	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	3.44	3.69	2.70	2.40	4.43	5.85	5.01	3.01	5.32	3.57
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.50	0.54	0.49	0.46	0.48	0.46	0.43	0.42	0.45	0.39
Accounts Receivable Turnover	8.51	8.79	8.39	8.40	8.64	8.23	8.03	7.90	8.81	9.13
Inventory Turnover	5.90	5.87	5.34	5.19	5.26	4.97	5.56	5.83	5.10	4.43
Fixed Asset Turnover	1.08	1.16	1.13	0.97	0.91	0.91	0.94	0.97	1.08	0.80
Accounts Payable Turnover	15.32	16.93	16.53	16.62	16.17	15.90	14.42	12.78	13.06	12.97
Days Sales Outstanding (DSO)	42.89	41.52	43.50	43.45	42.24	44.33	45.48	46.21	41.44	39.96
Days Inventory Outstanding (DIO)	61.90	62.20	68.41	70.36	69.40	73.47	65.61	62.64	71.51	82.43
Days Payable Outstanding (DPO)	23.83	21.55	22.08	21.96	22.58	22.96	25.32	28.55	27.95	28.13
Cash Conversion Cycle (CCC)	80.97	82.17	89.83	91.85	89.07	94.84	85.77	80.30	85.00	94.26
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-
Invested Capital	5,461	5,779	6,263	8,025	8,106	8,233	10,769	10,773	10,334	14,236
Invested Capital Turnover	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	-369	318	485	1,762	81	127	2,536	3.40	-439	3,902
Enterprise Value (EV)	9,846	14,898	14,791	13,416	19,670	19,611	31,878	24,711	33,737	36,313
Market Capitalization	8,442	13,259	13,208	10,338	16,915	17,287	27,033	20,732	30,671	31,567
Book Value per Share	$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	$29.08	$23.15	$32.02	$32.63	$39.47	$47.67	$31.67	$43.05	$63.86	$81.09
Total Capital	5,629	5,829	7,710	8,070	8,127	8,519	11,638	12,213	12,382	14,869
Total Debt	1,569	1,686	3,027	3,120	2,774	2,626	5,101	5,040	4,346	5,413
Total Long-Term Debt	1,550	1,506	2,727	2,730	2,434	2,626	5,101	4,341	3,946	5,288
Net Debt	1,400	1,636	1,581	3,076	2,753	2,321	4,842	3,977	3,064	4,743
Capital Expenditures (CapEx)	318	387	410	376	394	360	423	482	650	855
Debt-free, Cash-free Net Working Capital (DFCFNWC)	565	670	790	924	907	865	1,014	1,067	1,867	981
Debt-free Net Working Capital (DFNWC)	734	720	2,237	969	928	1,169	1,273	2,130	3,149	1,651
Net Working Capital (NWC)	715	540	1,937	579	588	1,169	1,273	1,431	2,749	1,526
Net Nonoperating Expense (NNE)	56	49	94	94	112	94	97	80	113	85
Net Nonoperating Obligations (NNO)	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)	264	285	297	344	372	394	452	506	513	573
Debt-free, Cash-free Net Working Capital to Revenue	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	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	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	$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	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	$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	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
Adjusted Weighted Average Basic & Diluted Shares Outstanding	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)	349	475	496	575	724	816	847	954	1,292	2,120
Normalized NOPAT Margin	9.87%	12.45%	12.52%	13.55%	15.28%	17.26%	15.64%	15.49%	19.07%	32.43%
Pre Tax Income Margin	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	6.42	8.43	7.76	5.20	6.79	8.53	7.00	7.46	10.05	16.36
NOPAT to Interest Expense	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	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	0.35	1.07	4.34	1.37	2.55	3.86	2.64	2.75	3.84	7.26
Payout Ratios	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	37.30%	24.78%	15.26%	24.74%	21.31%	19.46%	21.12%	18.45%	14.87%	9.47%
Augmented Payout Ratio	217.26%	85.71%	29.28%	46.09%	37.35%	26.39%	21.12%	35.76%	27.69%	32.01%

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

Metric	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025
Period end date	9/30/2022	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
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	16.34%	-1.31%	10.01%	10.92%	10.06%	8.88%	-7.61%	-3.13%	-5.27%	1.49%	8.15%
EBITDA Growth	12.79%	17.17%	69.43%	-2.86%	32.80%	27.12%	370.03%	-9.33%	-9.12%	8.24%	-77.40%
EBIT Growth	13.99%	30.75%	201.27%	-3.72%	40.61%	38.66%	582.63%	-14.52%	-14.63%	5.50%	-85.97%
NOPAT Growth	11.75%	7.84%	219.73%	-0.86%	41.49%	47.03%	579.33%	-14.10%	-14.16%	6.96%	-85.53%
Net Income Growth	15.99%	17.27%	472.77%	-4.75%	41.21%	53.26%	757.38%	-15.76%	-12.95%	3.90%	-88.91%
EPS Growth	16.22%	17.60%	473.53%	-4.27%	42.07%	54.42%	765.13%	-15.15%	-12.05%	7.27%	-88.74%
Operating Cash Flow Growth	-19.05%	20.40%	-5.24%	207.82%	65.39%	28.98%	6.83%	-99.72%	32.16%	23.60%	26.74%
Free Cash Flow Firm Growth	-94.24%	108.88%	94.98%	100.64%	99.44%	260.61%	1,256.27%	-20,365.45%	-21,993.47%	-576.43%	-370.52%
Invested Capital Growth	17.62%	0.03%	2.57%	3.35%	4.27%	-4.07%	-2.96%	18.81%	17.65%	37.76%	36.52%
Revenue Q/Q Growth	10.36%	-18.49%	-8.30%	34.49%	9.50%	-19.36%	-22.21%	41.01%	7.09%	-13.61%	-17.10%
EBITDA Q/Q Growth	-14.64%	-25.27%	-16.02%	81.31%	16.69%	-28.47%	210.10%	-65.03%	16.97%	-14.81%	-35.14%
EBIT Q/Q Growth	-17.46%	-33.33%	-22.71%	126.29%	20.54%	-34.25%	280.43%	-71.66%	20.39%	-18.75%	-49.38%
NOPAT Q/Q Growth	-13.61%	-33.82%	-26.73%	136.65%	23.30%	-31.23%	237.77%	-70.08%	23.21%	-14.31%	-54.22%
Net Income Q/Q Growth	-19.41%	-37.69%	-33.62%	186.07%	19.48%	-32.37%	271.19%	-71.89%	23.47%	-19.28%	-60.41%
EPS Q/Q Growth	-19.28%	-37.84%	-33.67%	187.69%	19.79%	-32.44%	271.59%	-71.78%	24.16%	-17.60%	-60.99%
Operating Cash Flow Q/Q Growth	136.03%	56.76%	-62.60%	122.36%	26.82%	22.25%	-69.06%	-99.42%	59,900.00%	14.33%	-68.22%
Free Cash Flow Firm Q/Q Growth	5.25%	116.09%	-157.20%	107.31%	-182.85%	10,506.90%	87.75%	-228.15%	9.68%	-124.42%	-4.15%
Invested Capital Q/Q Growth	0.71%	0.20%	1.36%	1.04%	1.60%	-7.81%	2.36%	23.72%	0.60%	7.95%	1.62%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	26.93%	23.96%	22.38%	30.75%	33.90%	30.10%	21.74%	29.31%	31.71%	30.02%	24.76%
EBITDA Margin	29.64%	27.17%	24.89%	33.55%	35.76%	31.72%	126.62%	31.41%	34.30%	33.82%	26.46%
Operating Margin	22.40%	17.78%	14.48%	25.43%	28.44%	23.01%	113.59%	22.56%	25.89%	24.45%	14.34%
EBIT Margin	22.81%	18.66%	15.73%	26.47%	29.14%	23.76%	116.23%	23.36%	26.26%	24.69%	15.08%
Profit (Net Income) Margin	16.30%	12.46%	9.01%	19.17%	20.91%	17.54%	83.61%	16.67%	19.22%	17.95%	8.57%
Tax Burden Percent	79.72%	79.00%	71.35%	79.32%	77.22%	82.46%	73.97%	79.03%	79.26%	83.24%	78.38%
Interest Burden Percent	89.64%	84.54%	80.28%	91.29%	92.94%	89.53%	97.25%	90.29%	92.34%	87.34%	72.55%
Effective Tax Rate	21.38%	19.58%	21.05%	20.91%	20.37%	16.08%	26.03%	20.97%	20.74%	16.76%	21.62%
Return on Invested Capital (ROIC)	10.95%	8.18%	6.66%	11.97%	13.70%	12.40%	52.13%	9.78%	10.95%	10.83%	5.95%
ROIC Less NNEP Spread (ROIC-NNEP)	10.22%	7.49%	5.84%	11.52%	12.75%	11.43%	51.94%	9.25%	10.29%	9.72%	4.94%
Return on Net Nonoperating Assets (RNNOA)	5.07%	4.28%	3.41%	6.10%	6.24%	4.43%	17.67%	4.48%	4.50%	3.93%	1.95%
Return on Equity (ROE)	16.02%	12.46%	10.07%	18.07%	19.95%	16.83%	69.80%	14.26%	15.45%	14.76%	7.91%
Cash Return on Invested Capital (CROIC)	-6.85%	8.76%	7.24%	6.39%	6.60%	16.31%	23.24%	0.41%	0.68%	-14.82%	-21.42%
Operating Return on Assets (OROA)	9.89%	7.82%	6.79%	11.49%	13.06%	10.69%	49.84%	9.79%	10.90%	9.70%	5.89%
Return on Assets (ROA)	7.07%	5.22%	3.89%	8.32%	9.38%	7.89%	35.85%	6.98%	7.97%	7.05%	3.35%
Return on Common Equity (ROCE)	16.01%	12.45%	10.07%	18.06%	19.94%	16.83%	69.78%	14.25%	15.45%	14.76%	7.90%
Return on Equity Simple (ROE_SIMPLE)	12.11%	0.00%	13.48%	12.80%	13.74%	0.00%	23.59%	23.06%	21.64%	0.00%	11.74%
Net Operating Profit after Tax (NOPAT)	319	211	155	366	452	310	1,051	315	388	332	152
NOPAT Margin	17.61%	14.30%	11.43%	20.11%	22.64%	19.31%	84.03%	17.83%	20.52%	20.35%	11.24%
Net Nonoperating Expense Percent (NNEP)	0.72%	0.69%	0.82%	0.46%	0.96%	0.97%	0.19%	0.52%	0.66%	1.11%	1.02%
Return On Investment Capital (ROIC_SIMPLE)	-	1.73%	-	-	-	2.51%	-	-	-	2.23%	1.05%
Cost of Revenue to Revenue	73.08%	76.04%	77.62%	69.25%	66.10%	69.90%	78.26%	70.69%	68.29%	69.98%	75.24%
SG&A Expenses to Revenue	5.24%	6.83%	7.68%	6.15%	5.42%	7.40%	9.43%	6.63%	5.56%	6.56%	9.61%
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	4.52%	6.18%	7.90%	5.33%	5.47%	7.09%	-91.85%	6.75%	5.82%	5.58%	10.42%
Earnings before Interest and Taxes (EBIT)	413	276	213	482	581	382	1,454	412	496	403	204
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	537	401	337	611	713	510	1,584	554	648	552	358
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	2.86	2.89	3.05	3.83	3.23	3.82	4.27	3.78	3.59	3.34	3.21
Price to Tangible Book Value (P/TBV)	8.14	7.76	8.15	9.68	7.58	7.77	8.07	7.80	7.01	6.37	6.36
Price to Revenue (P/Rev)	3.21	3.37	3.48	4.40	3.80	4.53	5.68	5.05	5.05	4.83	4.39
Price to Earnings (P/E)	23.65	23.91	22.65	30.01	23.58	26.24	18.11	16.38	16.57	15.82	27.35
Dividend Yield	0.78%	0.76%	0.73%	0.58%	0.67%	0.56%	0.47%	0.55%	0.56%	0.59%	0.65%
Earnings Yield	4.23%	4.18%	4.42%	3.33%	4.24%	3.81%	5.52%	6.11%	6.03%	6.32%	3.66%
Enterprise Value to Invested Capital (EV/IC)	2.24	2.29	2.38	2.93	2.58	3.26	3.74	2.87	2.80	2.55	2.38
Enterprise Value to Revenue (EV/Rev)	3.89	4.01	4.14	5.01	4.35	4.98	5.93	5.69	5.66	5.56	5.19
Enterprise Value to EBITDA (EV/EBITDA)	14.10	13.99	13.65	17.16	14.03	15.54	11.58	11.20	11.19	10.88	16.32
Enterprise Value to EBIT (EV/EBIT)	20.14	19.61	18.54	23.39	18.64	20.35	13.66	13.30	13.44	13.13	22.75
Enterprise Value to NOPAT (EV/NOPAT)	25.92	26.09	24.67	30.79	24.44	26.30	18.19	17.71	17.90	17.45	29.06
Enterprise Value to Operating Cash Flow (EV/OCF)	26.21	24.94	26.47	26.44	20.61	22.08	25.72	31.83	27.77	24.89	22.90
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	26.19	33.32	46.66	39.91	19.60	15.84	760.09	444.63	0.00	0.00
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.73	0.70	0.70	0.68	0.56	0.54	0.49	0.49	0.44	0.57	0.60
Long-Term Debt to Equity	0.63	0.61	0.60	0.59	0.51	0.49	0.44	0.45	0.43	0.56	0.58
Financial Leverage	0.50	0.57	0.58	0.53	0.49	0.39	0.34	0.48	0.44	0.40	0.40
Leverage Ratio	2.14	2.14	2.14	2.10	2.01	1.98	1.94	1.94	1.85	1.90	1.89
Compound Leverage Factor	1.92	1.81	1.72	1.92	1.87	1.77	1.89	1.75	1.71	1.66	1.37
Debt to Total Capital	42.07%	41.27%	41.26%	40.45%	35.76%	35.10%	32.87%	32.96%	30.60%	36.40%	37.34%
Short-Term Debt to Total Capital	5.83%	5.72%	5.73%	5.62%	3.29%	3.23%	3.02%	3.03%	0.72%	0.84%	0.86%
Long-Term Debt to Total Capital	36.24%	35.54%	35.53%	34.84%	32.47%	31.87%	29.85%	29.93%	29.88%	35.56%	36.48%
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	57.91%	58.71%	58.72%	59.53%	64.22%	64.88%	67.11%	67.02%	69.39%	63.58%	62.64%
Debt to EBITDA	2.95	2.85	2.65	2.67	2.11	2.00	1.27	1.29	1.23	1.62	2.56
Net Debt to EBITDA	2.46	2.25	2.16	2.08	1.79	1.41	0.50	1.26	1.21	1.42	2.52
Long-Term Debt to EBITDA	2.54	2.46	2.28	2.30	1.91	1.82	1.15	1.17	1.20	1.58	2.50
Debt to NOPAT	5.43	5.32	4.78	4.80	3.67	3.39	2.00	2.05	1.96	2.60	4.56
Net Debt to NOPAT	4.52	4.20	3.90	3.73	3.12	2.39	0.78	1.99	1.94	2.28	4.48
Long-Term Debt to NOPAT	4.67	4.58	4.12	4.13	3.33	3.08	1.81	1.86	1.92	2.54	4.46
Altman Z-Score	2.50	2.52	2.64	3.21	3.24	3.77	4.49	3.70	3.78	3.16	2.95
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	2.01	1.99	2.12	2.21	2.47	3.35	3.16	1.86	2.34	2.50	2.25
Quick Ratio	0.81	0.79	0.77	0.97	1.49	1.73	2.35	0.85	0.97	1.33	0.89
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	-1,291	208	-119	8.69	-7.20	749	1,374	-1,761	-1,591	-3,570	-3,718
Operating Cash Flow to CapEx	310.52%	248.87%	92.53%	300.84%	265.50%	298.39%	86.00%	0.72%	212.01%	294.42%	93.56%
Free Cash Flow to Firm to Interest Expense	-30.17	4.88	-2.83	0.21	-0.18	18.73	34.36	-44.03	-41.86	-70.00	-66.39
Operating Cash Flow to Interest Expense	6.41	10.10	3.83	8.52	11.07	13.88	4.30	0.03	15.79	13.45	3.89
Operating Cash Flow Less CapEx to Interest Expense	4.35	6.04	-0.31	5.69	6.90	9.23	-0.70	-3.45	8.34	8.88	-0.27
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.43	0.42	0.43	0.43	0.45	0.45	0.43	0.42	0.42	0.39	0.39
Accounts Receivable Turnover	6.82	7.90	8.08	6.44	6.45	8.81	8.90	7.01	6.63	9.13	9.25
Inventory Turnover	6.18	5.83	5.45	5.32	5.23	5.10	4.62	4.53	4.46	4.43	4.18
Fixed Asset Turnover	1.05	0.97	1.01	1.04	1.06	1.08	1.04	0.89	0.86	0.80	0.80
Accounts Payable Turnover	16.35	12.78	13.73	13.47	14.07	13.06	16.47	14.35	14.12	12.97	16.66
Days Sales Outstanding (DSO)	53.55	46.21	45.19	56.64	56.55	41.44	41.01	52.08	55.03	39.96	39.48
Days Inventory Outstanding (DIO)	59.02	62.64	67.02	68.65	69.76	71.51	78.95	80.52	81.88	82.43	87.42
Days Payable Outstanding (DPO)	22.32	28.55	26.58	27.10	25.95	27.95	22.16	25.44	25.85	28.13	21.91
Cash Conversion Cycle (CCC)	90.25	80.30	85.63	98.19	100.36	85.00	97.80	107.15	111.06	94.26	104.99
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	10,751	10,773	10,919	11,033	11,210	10,334	10,596	13,109	13,188	14,236	14,466
Invested Capital Turnover	0.62	0.57	0.58	0.60	0.61	0.64	0.62	0.55	0.53	0.53	0.53
Increase / (Decrease) in Invested Capital	1,610	3.40	274	358	459	-439	-323	2,076	1,978	3,902	3,870
Enterprise Value (EV)	24,068	24,711	25,998	32,365	28,925	33,737	39,596	37,637	36,889	36,313	34,470
Market Capitalization	19,867	20,732	21,886	28,444	25,226	30,671	37,897	33,397	32,896	31,567	29,154
Book Value per Share	$111.20	$115.48	$115.53	$119.76	$126.25	$129.98	$143.61	$143.38	$150.02	$154.67	$148.93
Tangible Book Value per Share	$39.11	$43.05	$43.23	$47.41	$53.82	$63.86	$75.95	$69.48	$76.84	$81.09	$75.23
Total Capital	11,976	12,213	12,219	12,467	12,149	12,382	13,224	13,187	13,214	14,869	14,498
Total Debt	5,039	5,040	5,042	5,043	4,344	4,346	4,347	4,347	4,043	5,413	5,414
Total Long-Term Debt	4,340	4,341	4,342	4,343	3,945	3,946	3,947	3,947	3,948	5,288	5,289
Net Debt	4,198	3,977	4,110	3,919	3,697	3,064	1,697	4,238	3,991	4,743	5,313
Capital Expenditures (CapEx)	88	173	174	119	171	186	200	139	283	233	233
Debt-free, Cash-free Net Working Capital (DFCFNWC)	1,286	1,067	1,253	1,326	1,428	1,867	839	1,324	1,369	981	1,192
Debt-free Net Working Capital (DFNWC)	2,126	2,130	2,184	2,450	2,076	3,149	3,489	1,433	1,421	1,651	1,293
Net Working Capital (NWC)	1,428	1,431	1,485	1,750	1,676	2,749	3,089	1,033	1,326	1,526	1,168
Net Nonoperating Expense (NNE)	24	27	33	17	35	28	5.18	21	25	39	36
Net Nonoperating Obligations (NNO)	3,813	3,600	3,742	3,610	3,405	2,298	1,719	4,269	4,017	4,780	5,382
Total Depreciation and Amortization (D&A)	124	126	124	129	132	128	130	142	152	149	154
Debt-free, Cash-free Net Working Capital to Revenue	20.81%	17.32%	19.93%	20.52%	21.49%	27.55%	12.57%	20.01%	21.02%	15.01%	17.96%
Debt-free Net Working Capital to Revenue	34.40%	34.58%	34.76%	37.91%	31.24%	46.47%	52.28%	21.66%	21.82%	25.26%	19.48%
Net Working Capital to Revenue	23.10%	23.23%	23.63%	27.07%	25.22%	40.56%	46.28%	15.61%	20.36%	23.35%	17.60%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$4.74	$2.96	$1.96	$5.62	$6.74	$4.56	$16.92	$4.77	$5.93	$4.88	$1.91
Adjusted Weighted Average Basic Shares Outstanding	62.30M	62.30M	62.10M	61.90M	61.80M	61.90M	61.80M	61.50M	61.10M	61.40M	60.90M
Adjusted Diluted Earnings per Share	$4.73	$2.94	$1.95	$5.61	$6.72	$4.54	$16.87	$4.76	$5.91	$4.87	$1.90
Adjusted Weighted Average Diluted Shares Outstanding	62.50M	62.50M	62.20M	62.10M	62M	62.10M	62M	61.60M	61.30M	61.60M	61M
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	62.09M	62.10M	61.97M	61.80M	61.81M	61.82M	61.64M	61.12M	61.12M	60.97M	60.29M
Normalized Net Operating Profit after Tax (NOPAT)	321	214	156	366	454	317	1,066	331	391	336	154
Normalized NOPAT Margin	17.69%	14.46%	11.49%	20.11%	22.76%	19.73%	85.21%	18.77%	20.69%	20.61%	11.35%
Pre Tax Income Margin	20.44%	15.77%	12.63%	24.16%	27.08%	21.27%	113.03%	21.09%	24.25%	21.57%	10.94%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	9.65	6.47	5.07	11.48	14.17	9.55	36.35	10.30	13.05	7.90	3.64
NOPAT to Interest Expense	7.46	4.96	3.68	8.72	11.01	7.76	26.28	7.86	10.20	6.51	2.72
EBIT Less CapEx to Interest Expense	7.59	2.41	0.93	8.64	10.00	4.90	31.35	6.83	5.61	3.33	-0.52
NOPAT Less CapEx to Interest Expense	5.39	0.90	-0.46	5.89	6.84	3.11	21.28	4.39	2.75	1.94	-1.45
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	18.61%	18.45%	16.76%	17.48%	15.86%	14.87%	8.57%	8.95%	9.45%	9.47%	18.01%
Augmented Payout Ratio	36.47%	35.76%	34.85%	43.80%	29.86%	27.69%	19.32%	31.03%	32.13%	32.01%	88.37%

Key Financial Trends

Martin Marietta Materials (NYSE: MLM) has experienced notable changes in financial performance and position over the past four years, with detailed data available for the last several quarters through Q1 2025. Here’s an analysis of key financial trends and insights from income statements, cash flow statements, and balance sheets:

Revenue Growth: From Q1 2022 to Q1 2025, operating revenues have generally trended higher, peaking in the range of $1.8 to $1.9 billion per quarter in 2023 and 2024, although Q1 2025 shows a slight decline to $1.35 billion. This indicates persistent demand for Martin Marietta’s products.
Strong Net Income Levels: Martin Marietta reported quarterly net income attributable to common shareholders ranging from about $121 million in Q1 2023 to $363 million in Q3 2024, showing robust profitability in most quarters, although Q1 2025 net income decreased to $116 million.
Consistent Dividend Payments: The company has steadily paid cash dividends per share rising from $0.66 in early 2022 quarters to $0.79 in Q1 2025, reflecting shareholder returns and confidence in cash generation.
Operating Cash Flow Strength: Operating cash flow has been strong, with Martin Marietta generating positive cash from operations every quarter, reaching over $600 million in several quarters during 2023 and 2024, supporting capital investment and shareholder distributions.
Capital Expenditures and Investments: The company continues to invest significantly in property, plant, and equipment, with quarterly capital expenditures ranging from approximately $86 million to $283 million, underpinning growth and maintenance.
Fluctuations in Gross Profit Margins: Gross profits have fluctuated, reflecting changes in revenue and cost of revenue dynamics. Higher costs sometimes compressed margins, but overall gross profit values remain substantial.
Debt Levels Stable: Total long-term debt has been relatively stable around $4.3 to $5.3 billion, while short-term debt varies, indicating manageable leverage though elevated indebtedness requires monitoring.
Share Repurchases: The company executed sizeable common equity repurchases especially in recent quarters, including $450 million in Q1 2025, which can support EPS but reduces cash reserves.
Net Income Decline in Recent Quarter: Q1 2025 showed a decline in net income compared to recent quarters in 2024 (e.g., down from $363 million in Q3 2024 to $116 million), which may warrant investor attention on quarterly volatility.
Net Cash Reduction in Q1 2025: The company’s cash and equivalents dropped from $670 million at end of Q4 2024 to $101 million in Q1 2025, a significant reduction linked to high equity repurchases and investing outflows.

Summary: Martin Marietta Materials has demonstrated strong revenue growth and profitability over the past several years with robust cash flow generation supporting continuous capital investments and shareholder returns through dividends and buybacks. The company maintains a stable balance sheet with manageable debt levels. However, the latest quarter shows some softness in net income and a material cash reduction due to repurchase activity and capital expenditures. Retail investors should watch upcoming earnings releases and operational updates to assess sustainability of earnings and cash flow trends in a cyclical materials sector environment.

08/04/25 02:18 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 9 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 $288.94 million in 2015. The previous period was $1.17 billion in 2023. See where experts think Martin Marietta Materials is headed by visiting Martin Marietta Materials' forecast page.

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 9 years?

Over the last 9 years, Martin Marietta Materials' total revenue changed from $3.54 billion in 2015 to $6.54 billion in 2024, a change of 84.7%.

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 200.7% increase since 2015.

How much cash does Martin Marietta Materials have?

In the past 9 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 9 years?

Over the last 9 years, Martin Marietta Materials' book value per share changed from 61.34 in 2015 to 154.67 in 2024, a change of 152.1%.

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This page (NYSE:MLM) was last updated on 8/4/2025 by MarketBeat.com Staff

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Martin Marietta Materials (MLM) Financials

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