Martin Marietta Materials (MLM) Financials

$575.79 -1.00 (-0.17%)

Closing price 05/14/2026 03:59 PM Eastern

Extended Trading

$574.45 -1.35 (-0.23%)

As of 04:30 AM 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	2025
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	12/31/2025
Net Income / (Loss) Attributable to Common Shareholders	289	425	713	470	612	721	703	867	1,169	1,995	1,137
Consolidated Net Income / (Loss)	289	425	713	470	612	721	703	867	1,170	1,996	1,137
Net Income / (Loss) Continuing Operations	289	425	713	470	612	721	702	856	992	1,816	990
Total Pre-Tax Income	414	607	619	576	748	889	856	1,091	1,226	2,366	1,226
Total Operating Income	494	677	700	691	885	1,005	974	1,207	1,333	2,479	1,437
Total Gross Profit	727	912	972	967	1,179	1,253	1,348	1,423	1,745	1,636	1,889
Total Revenue	3,540	3,819	3,966	4,244	4,739	4,730	5,414	6,161	5,851	5,662	6,150
Operating Revenue	3,540	3,819	3,966	4,244	4,739	4,730	5,414	6,161	5,851	5,662	6,150
Total Cost of Revenue	2,813	2,907	2,994	3,278	3,560	3,477	4,066	4,738	4,106	4,026	4,261
Operating Cost of Revenue	2,813	2,907	2,994	3,278	3,560	3,477	4,066	4,738	4,106	4,026	4,261
Total Operating Expenses	233	234	272	276	294	247	375	216	412	-843	452
Selling, General & Admin Expense	211	242	262	281	303	306	351	397	425	429	443
Other Operating Expenses / (Income)	16	-8.04	0.80	-18	-9.10	-60	-34	-190	-25	-1,322	-6.00
Restructuring Charge	6.35	0.91	8.60	14	0.50	1.30	58	9.00	12	50	15
Total Other Income / (Expense), net	-80	-70	-82	-115	-137	-116	-118	-116	-107	-113	-211
Interest Expense	76	82	92	137	129	118	143	169	165	169	230
Other Income / (Expense), net	-4.08	11	10	23	-7.30	2.00	24	53	58	56	19
Income Tax Expense	125	182	-95	106	136	168	153	235	234	550	236
Net Income / (Loss) Discontinued Operations	-	-	-	-	0.00	0.00	0.50	11	178	180	147
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	0.00
Basic Earnings per Share	$4.31	$6.66	$11.30	$7.46	$9.77	$11.56	$11.26	$13.91	$18.88	$32.50	$18.81
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	60.50M
Diluted Earnings per Share	$4.29	$6.63	$11.25	$7.43	$9.74	$11.54	$11.22	$13.87	$18.82	$32.41	$18.77
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	60.60M
Weighted Average Basic & Diluted Shares Outstanding	67M	63.90M	63.10M	63M	62.20M	62.29M	62.39M	62.10M	61.82M	60.97M	60.31M
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	$3.24

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 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026
Period end date	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025	6/30/2025	9/30/2025	12/31/2025	3/31/2026
Net Income / (Loss) Attributable to Common Shareholders	417	283	1,045	294	363	293	116	328	414	279	1,513
Consolidated Net Income / (Loss)	417	282	1,046	294	363	293	116	328	414	279	1,513
Net Income / (Loss) Continuing Operations	430	287	1,046	294	297	293	104	328	361	185	79
Total Pre-Tax Income	540	342	1,414	372	374	352	132	411	450	217	117
Total Operating Income	567	370	1,421	398	406	399	179	458	505	280	162
Total Gross Profit	676	484	272	517	513	490	315	544	611	399	310
Total Revenue	1,994	1,608	1,251	1,764	1,642	1,632	1,162	1,811	1,846	1,140	1,362
Operating Revenue	1,994	1,608	1,251	1,764	1,642	1,632	1,162	1,811	1,846	1,140	1,362
Total Cost of Revenue	1,318	1,124	979	1,247	1,129	1,142	847	1,267	1,235	741	1,052
Operating Cost of Revenue	1,318	1,124	979	1,247	1,129	1,142	847	1,267	1,235	741	1,052
Total Operating Expenses	109	114	-1,149	119	107	91	136	86	106	119	148
Selling, General & Admin Expense	108	119	118	117	101	107	125	109	110	94	133
Other Operating Expenses / (Income)	-2.00	-13	-1,287	-19	3.00	-21	9.00	-25	-9.00	19	10
Restructuring Charge	3.00	8.00	20	21	3.00	5.00	2.00	2.00	5.00	6.00	5.00
Total Other Income / (Expense), net	-27	-28	-7.00	-26	-32	-47	-47	-47	-55	-63	-45
Interest Expense	41	40	40	40	38	51	56	57	59	58	56
Other Income / (Expense), net	14	12	33	14	6.00	4.00	9.00	10	4.00	-5.00	11
Income Tax Expense	110	55	368	78	77	59	28	83	89	32	38
Net Income / (Loss) Discontinued Operations	-13	-5.00	-	-	66	-	12	-	53	-	1,434
Net Income / (Loss) Attributable to Noncontrolling Interest	0.00	-1.00	1.00	0.00	0.00	-	0.00	0.00	0.00	-	0.00
Basic Earnings per Share	$6.74	$4.56	$16.92	$4.77	$5.93	$4.88	$1.91	$5.44	$6.86	$4.60	$25.11
Weighted Average Basic Shares Outstanding	61.80M	61.90M	61.80M	61.50M	61.10M	61.40M	60.90M	60.30M	60.30M	60.50M	60.30M
Diluted Earnings per Share	$6.72	$4.54	$16.87	$4.76	$5.91	$4.87	$1.90	$5.43	$6.85	$4.59	$25.06
Weighted Average Diluted Shares Outstanding	62M	62.10M	62M	61.60M	61.30M	61.60M	61M	60.40M	60.40M	60.60M	60.40M
Weighted Average Basic & Diluted Shares Outstanding	61.81M	61.82M	61.64M	61.12M	61.12M	60.97M	60.29M	60.31M	60.31M	60.31M	60.05M
Cash Dividends to Common per Share	$0.74	-	$0.74	-	-	-	$0.79	-	-	-	$0.83

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	2025
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	12/31/2025
Net Change in Cash & Equivalents	60	-118	1,396	-1,402	-24	283	-46	100	923	-612	-603
Net Cash From Operating Activities	581	689	658	705	966	1,050	1,138	991	1,528	1,459	1,785
Net Cash From Continuing Operating Activities	581	689	658	705	966	1,050	1,138	991	1,528	1,459	1,785
Net Income / (Loss) Continuing Operations	289	425	713	470	612	721	703	867	1,170	1,996	1,137
Consolidated Net Income / (Loss)	289	425	713	470	612	721	703	867	1,170	1,996	1,137
Depreciation Expense	264	285	297	344	372	394	452	506	513	573	637
Non-Cash Adjustments To Reconcile Net Income	22	2.87	-2.30	-2.00	40	-41	6.40	-165	32	-1,276	34
Changes in Operating Assets and Liabilities, net	6.37	-25	-351	-107	-57	-24	-23	-217	-187	166	-23
Net Cash From Investing Activities	89	-555	-386	-1,948	-386	-410	-3,475	-484	459	-2,444	-1,588
Net Cash From Continuing Investing Activities	89	-555	-386	-1,948	-386	-410	-3,475	-484	459	-2,444	-1,588
Purchase of Property, Plant & Equipment	-318	-387	-410	-376	-394	-360	-423	-482	-650	-855	-807
Acquisitions	-43	-175	-12	-1,642	0.00	-65	-3,109	11	0.00	-3,642	-685
Purchase of Investments	-	-	-	-	-	0.00	0.00	-704	-27	-117	-128
Divestitures	448	6.48	36	69	8.40	142	43	687	427	2,160	38
Sale and/or Maturity of Investments	-	0.29	-	-	-	-	0.00	0.00	700	0.00	0.00
Other Investing Activities, net	1.81	0.00	0.30	0.80	-0.80	-127	15	4.00	9.00	10	-6.00
Net Cash From Financing Activities	-609	-252	1,125	-158	-604	-357	2,291	-407	-1,064	373	-800
Net Cash From Continuing Financing Activities	-609	-252	1,125	-158	-604	-357	2,291	-407	-1,064	373	-800
Repayment of Debt	-241	-465	-1,071	-918	-975	-779	-428	-53	-701	-1,694	-739
Repurchase of Common Equity	-520	-259	-100	-100	-98	-50	0.00	-150	-150	-450	-450
Payment of Dividends	-108	-105	-109	-116	-130	-140	-148	-160	-174	-189	-197
Issuance of Debt	230	560	2,409	1,000	625	628	2,897	0.00	0.00	2,758	640
Other Financing Activities, net	30	18	-4.50	-24	-25	-16	-29	-44	-39	-52	-54

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 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026
Period end date	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025	6/30/2025	9/30/2025	12/31/2025	3/31/2026
Net Change in Cash & Equivalents	226	634	1,368	-2,541	-57	618	-569	135	-166	-3.00	206
Net Cash From Operating Activities	454	555	172	1.00	600	686	218	387	551	629	227
Net Cash From Continuing Operating Activities	454	555	172	1.00	600	686	218	387	551	629	227
Net Income / (Loss) Continuing Operations	417	283	1,046	294	362	294	116	328	414	279	1,513
Consolidated Net Income / (Loss)	417	283	1,046	294	362	294	116	328	414	279	1,513
Depreciation Expense	132	128	130	142	152	149	154	167	159	157	167
Non-Cash Adjustments To Reconcile Net Income	28	-4.00	-1,271	13	6.00	-24	31	-15	-5.00	23	-1,931
Changes in Operating Assets and Liabilities, net	-123	148	267	-448	80	267	-83	-93	-17	170	478
Net Cash From Investing Activities	523	133	1,425	-2,191	-298	-1,380	-262	-190	-761	-375	293
Net Cash From Continuing Investing Activities	523	133	1,425	-2,191	-298	-1,380	-262	-190	-761	-375	293
Purchase of Property, Plant & Equipment	-171	-186	-200	-139	-283	-233	-233	-179	-190	-205	-186
Acquisitions	-	-	-488	-2,050	-	-1,104	0.00	-	-577	-108	20
Purchase of Investments	-	-	0.00	-	-	-	-20	-24	-10	-74	0.00
Divestitures	3.00	329	2,107	14	7.00	32	2.00	16	11	9.00	452
Other Investing Activities, net	-9.00	17	6.00	-16	-22	42	-11	-3.00	5.00	3.00	7.00
Net Cash From Financing Activities	-751	-54	-229	-351	-359	1,312	-525	-62	44	-257	-314
Net Cash From Continuing Financing Activities	-751	-54	-229	-351	-359	1,312	-525	-62	44	-257	-314
Repayment of Debt	-	-1.00	-1.00	-	-	-899	0.00	1.00	-411	-329	-206
Repurchase of Common Equity	-	-	-150	-300	-	-	-450	-	-	-	-200
Payment of Dividends	-45	-45	-46	-45	-50	-47	-49	-48	-50	-50	-51
Issuance of Debt	-	-	-	-	-	2,268	0.00	-	-	130	175
Other Financing Activities, net	-6.00	-8.00	-32	-6.00	-4.00	-10	-26	-15	-5.00	-8.00	-32

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	2025
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	12/31/2025
Total Assets	6,958	7,301	8,993	9,551	10,132	10,581	14,393	14,994	15,125	18,170	18,711
Total Current Assets	1,082	1,086	2,631	1,366	1,427	1,668	2,026	2,877	3,919	2,449	3,193
Cash & Equivalents	168	50	1,446	45	21	207	258	358	1,272	670	67
Accounts Receivable	411	458	487	523	574	575	774	786	753	678	723
Inventories, net	469	522	601	663	691	709	753	874	989	1,018	1,078
Other Current Assets	33	57	97	135	141	80	138	81	88	68	95
Other Current Nonoperating Assets	-	-	-	-	-	-	102	73	807	15	1,230
Plant, Property, & Equipment, net	3,156	3,423	3,593	5,157	5,206	5,242	6,338	6,317	6,186	9,660	10,290
Plant, Property & Equipment, gross	-	-	-	-	-	-	-	-	-	-	15,330
Accumulated Depreciation	-	-	-	-	-	-	-	-	-	-	5,040
Total Noncurrent Assets	2,720	2,791	2,769	3,028	3,499	3,670	6,029	5,800	5,020	6,061	5,228
Goodwill	2,068	2,159	2,160	2,399	2,397	2,414	3,494	3,650	3,389	3,393	3,614
Intangible Assets	66	511	506	501	487	508	1,065	848	698	477	459
Other Noncurrent Operating Assets	586	120	102	128	615	748	853	930	933	1,012	1,155
Total Liabilities & Shareholders' Equity	6,958	7,301	8,993	9,551	10,132	10,581	14,393	14,994	15,125	18,170	18,711
Total Liabilities	2,897	3,158	4,310	4,602	4,778	4,688	7,855	7,821	7,089	8,714	8,677
Total Current Liabilities	367	547	694	787	839	499	753	1,446	1,170	1,002	895
Short-Term Debt	19	180	300	390	340	-	0.00	699	400	125	30
Accounts Payable	165	179	184	211	230	208	356	385	343	375	389
Accrued Expenses	-	-	-	-	44	45	-	-	-	45	46
Current Deferred & Payable Income Tax Liabilities	-	-	-	-	-	-	-	-	6.00	102	5.00
Current Employee Benefit Liabilities	39	57	58	-	-	-	87	72	102	73	100
Other Current Liabilities	81	71	88	71	169	145	196	187	231	282	287
Other Current Nonoperating Liabilities	-	-	-	-	-	18	56	47	41	0.00	38
Total Noncurrent Liabilities	2,531	2,612	3,616	3,815	3,940	4,188	7,103	6,375	5,919	7,712	7,782
Long-Term Debt	1,550	1,506	2,727	2,730	2,434	2,626	5,101	4,341	3,946	5,288	5,293
Noncurrent Deferred & Payable Income Tax Liabilities	583	663	411	706	733	782	895	914	874	1,169	1,266
Other Noncurrent Operating Liabilities	173	194	234	379	773	781	1,053	721	716	1,255	1,223
Commitments & Contingencies	-	-	-	-	-	-	-	-	0.00	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	10,034
Total Preferred & Common Equity	4,057	4,140	4,680	4,946	5,351	5,891	6,535	7,171	8,034	9,453	10,032
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	4,057	4,140	4,680	4,946	5,351	5,891	6,535	7,171	8,034	9,453	10,032
Common Stock	3,288	3,335	3,369	3,397	3,419	3,441	3,471	3,490	3,520	3,551	3,570
Retained Earnings	874	936	1,440	1,693	2,077	2,608	3,162	3,719	4,563	5,915	6,402
Accumulated Other Comprehensive Income / (Loss)	-106	-131	-129	-144	-146	-158	-98	-39	-49	-13	60
Noncontrolling Interest	2.89	2.61	2.88	3.00	2.50	2.60	2.30	2.30	2.00	3.00	2.00

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	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q1 2026
Period end date	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	9/30/2025	3/31/2026
Total Assets	15,246	14,918	15,125	16,240	16,333	16,469	18,170	17,724	18,070	18,653	20,497
Total Current Assets	3,192	2,817	3,919	4,518	2,229	2,319	2,542	2,103	2,393	3,423	2,356
Cash & Equivalents	422	648	1,272	2,648	109	52	670	101	225	57	273
Accounts Receivable	979	1,048	753	703	909	916	678	733	904	984	780
Inventories, net	955	993	989	1,077	1,105	1,089	1,115	1,173	1,155	1,034	1,213
Other Current Assets	90	83	88	70	96	252	71	96	98	111	82
Other Current Nonoperating Assets	45	46	807	18	10	10	8.00	-	-	1,224	8.00
Plant, Property, & Equipment, net	6,313	6,353	6,186	6,600	8,610	8,714	10,109	10,095	10,127	10,064	12,642
Plant, Property & Equipment, gross	10,859	11,011	-	11,257	13,383	13,588	-	15,187	15,354	14,980	17,810
Accumulated Depreciation	4,547	4,658	-	4,657	4,773	4,874	-	5,092	5,227	4,916	5,168
Total Noncurrent Assets	5,741	5,748	5,020	5,122	5,494	5,436	5,519	5,526	5,550	5,166	5,499
Goodwill	3,650	3,650	3,389	3,479	3,842	3,768	3,767	3,773	3,777	3,607	3,828
Intangible Assets	834	827	698	702	713	705	730	721	713	462	505
Other Noncurrent Operating Assets	932	964	933	941	939	963	1,022	1,032	1,060	1,097	1,166
Total Liabilities & Shareholders' Equity	15,246	14,918	15,125	16,240	16,333	16,469	18,170	17,724	18,070	18,653	20,497
Total Liabilities	7,823	7,113	7,089	7,363	7,493	7,298	8,714	8,640	8,704	8,915	9,200
Total Current Liabilities	1,442	1,141	1,170	1,429	1,196	993	1,016	935	1,019	1,154	1,034
Short-Term Debt	700	400	400	400	400	95	125	125	125	230	0.00
Accounts Payable	347	342	343	266	304	315	375	298	336	349	329
Current Deferred & Payable Income Tax Liabilities	-	-	6.00	457	158	231	102	125	156	1.00	261
Current Employee Benefit Liabilities	64	85	102	37	58	67	73	41	62	88	53
Other Taxes Payable	91	-	47	-	-	61	50	50	65	66	47
Other Current Liabilities	198	197	231	192	185	188	246	227	236	192	284
Other Current Nonoperating Liabilities	43	41	41	40	41	36	45	69	39	103	60
Total Noncurrent Liabilities	6,380	5,972	5,919	5,934	6,297	6,305	7,698	7,705	7,685	7,761	8,166
Long-Term Debt	4,343	3,945	3,946	3,947	3,947	3,948	5,288	5,289	5,291	5,292	5,294
Noncurrent Deferred & Payable Income Tax Liabilities	916	914	874	865	1,110	1,127	1,169	1,172	1,178	1,250	1,627
Other Noncurrent Operating Liabilities	1,104	715	716	734	843	821	818	871	872	887	1,245
Commitments & Contingencies	-	-	0.00	-	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	7,423	7,805	8,036	8,877	8,840	9,171	9,456	9,084	9,366	9,738	11,297
Total Preferred & Common Equity	7,421	7,803	8,034	8,875	8,838	9,169	9,453	9,081	9,363	9,735	11,295
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	7,421	7,803	8,034	8,875	8,838	9,169	9,453	9,081	9,363	9,735	11,295
Common Stock	3,501	3,512	3,520	3,513	3,530	3,545	3,551	3,564	3,563	3,568	3,579
Retained Earnings	3,955	4,326	4,563	5,411	5,356	5,670	5,915	5,529	5,809	6,172	7,663
Accumulated Other Comprehensive Income / (Loss)	-36	-35	-49	-49	-48	-46	-13	-12	-9.00	-5.00	53
Noncontrolling Interest	2.30	2.30	2.00	2.00	2.00	2.00	3.00	3.00	3.00	3.00	2.00

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	2025
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	12/31/2025
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	19.66%	7.89%	3.85%	7.03%	11.66%	-0.19%	14.46%	13.80%	10.00%	-3.56%	8.62%
EBITDA Growth	40.09%	29.23%	3.45%	4.92%	18.15%	12.15%	3.50%	21.80%	22.93%	53.75%	-32.66%
EBIT Growth	55.47%	40.53%	3.15%	0.39%	23.05%	14.79%	-0.91%	26.23%	31.59%	66.77%	-42.56%
NOPAT Growth	76.93%	37.56%	70.08%	-30.14%	28.32%	12.65%	-1.94%	18.46%	35.46%	62.25%	-39.01%
Net Income Growth	87.26%	47.24%	67.68%	-34.06%	30.10%	17.83%	-2.54%	23.36%	34.95%	70.60%	-43.04%
EPS Growth	58.30%	54.55%	69.68%	-33.96%	31.09%	18.48%	-2.77%	23.62%	35.69%	72.21%	-42.09%
Operating Cash Flow Growth	52.13%	18.66%	-4.55%	7.22%	37.02%	8.69%	8.34%	-12.89%	54.19%	-4.52%	22.34%
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%	113.72%
Invested Capital Growth	-6.33%	5.83%	8.39%	28.13%	1.01%	1.57%	30.80%	0.03%	-4.07%	37.76%	8.11%
Revenue Q/Q Growth	-0.33%	2.81%	0.55%	1.19%	-31.09%	94.48%	6.21%	-0.32%	1.98%	0.37%	-10.73%
EBITDA Q/Q Growth	2.19%	2.67%	3.32%	-2.07%	3.39%	4.22%	0.30%	3.44%	5.27%	1.27%	-8.88%
EBIT Q/Q Growth	4.51%	2.34%	4.39%	-4.98%	4.44%	5.21%	-2.55%	5.42%	6.86%	0.76%	-12.71%
NOPAT Q/Q Growth	8.50%	2.27%	62.82%	-35.79%	5.09%	7.47%	-2.17%	1.99%	8.39%	0.97%	-12.11%
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%	-1.22%
EPS Q/Q Growth	3.37%	4.57%	63.99%	-37.41%	6.45%	7.85%	-3.69%	3.28%	9.29%	1.03%	-1.47%
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%	-3.09%
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%	-76.01%
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%	-0.06%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	20.54%	23.88%	24.51%	22.77%	24.88%	26.49%	24.91%	23.10%	29.85%	28.73%	30.72%
EBITDA Margin	21.29%	25.50%	25.41%	24.91%	26.36%	29.62%	26.78%	28.66%	32.03%	51.07%	34.03%
Operating Margin	13.96%	17.74%	17.66%	16.27%	18.67%	21.26%	17.99%	19.59%	23.55%	41.42%	23.37%
EBIT Margin	13.85%	18.03%	17.91%	16.80%	18.52%	21.30%	18.44%	20.45%	24.47%	42.30%	23.67%
Profit (Net Income) Margin	8.16%	11.14%	17.99%	11.08%	12.91%	15.25%	12.98%	14.07%	17.26%	30.54%	18.49%
Tax Burden Percent	69.83%	70.09%	115.27%	81.65%	81.79%	81.09%	82.15%	79.47%	78.37%	76.89%	92.74%
Interest Burden Percent	84.43%	88.14%	87.12%	80.78%	85.27%	88.28%	85.70%	86.59%	90.05%	93.89%	84.20%
Effective Tax Rate	30.17%	29.91%	-15.27%	18.35%	18.21%	18.91%	17.91%	21.54%	19.62%	23.11%	19.25%
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%	8.57%
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%	7.96%
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%	3.09%
Return on Equity (ROE)	6.87%	10.37%	16.17%	9.77%	11.88%	12.82%	11.31%	12.65%	15.39%	22.82%	11.67%
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%	0.78%
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%	7.90%
Return on Assets (ROA)	4.08%	5.97%	8.76%	5.07%	6.22%	6.96%	5.63%	5.90%	7.77%	11.99%	6.17%
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%	11.66%
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%	0.00%
Net Operating Profit after Tax (NOPAT)	345	475	807	564	724	815	799	947	1,283	2,081	1,160
NOPAT Margin	9.75%	12.43%	20.36%	13.29%	15.27%	17.24%	14.77%	15.37%	18.93%	31.84%	18.87%
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%	0.62%
Return On Investment Capital (ROIC_SIMPLE)	-	-	-	-	-	-	-	7.75%	10.36%	14.00%	7.56%
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%	69.28%
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%	7.20%
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	6.58%	6.14%	6.85%	6.50%	6.21%	5.23%	6.92%	3.51%	6.30%	-12.68%	7.35%
Earnings before Interest and Taxes (EBIT)	490	689	710	713	878	1,007	998	1,260	1,658	2,765	1,456
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	2,093
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	3.74
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	6.30
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	6.11
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	33.03
Dividend Yield	1.25%	0.79%	0.82%	1.12%	0.76%	0.81%	0.54%	0.76%	0.56%	0.59%	0.52%
Earnings Yield	3.42%	3.21%	5.40%	4.55%	3.62%	4.17%	2.60%	4.18%	3.81%	6.32%	3.03%
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	3.04
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	6.96
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	20.45
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	29.40
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	36.89
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	23.98
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	406.22
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	0.53
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	0.53
Financial Leverage	0.34	0.37	0.36	0.48	0.57	0.45	0.53	0.57	0.39	0.40	0.39
Leverage Ratio	1.69	1.74	1.85	1.93	1.91	1.84	2.01	2.14	1.98	1.90	1.89
Compound Leverage Factor	1.42	1.53	1.61	1.56	1.63	1.63	1.72	1.86	1.78	1.79	1.59
Debt to Total Capital	27.87%	28.93%	39.27%	38.67%	34.13%	30.82%	43.83%	41.27%	35.10%	36.40%	34.66%
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%	0.20%
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%	34.47%
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	0.05%	0.04%	0.04%	0.04%	0.03%	0.03%	0.02%	0.02%	0.02%	0.02%	0.01%
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%	65.33%
Debt to EBITDA	2.08	1.73	3.00	2.95	2.22	1.87	3.52	2.85	2.00	1.62	2.54
Net Debt to EBITDA	1.86	1.68	1.57	2.91	2.20	1.66	3.34	2.25	1.41	1.42	2.51
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	2.53
Debt to NOPAT	4.55	3.55	3.75	5.53	3.83	3.22	6.38	5.32	3.39	2.60	4.59
Net Debt to NOPAT	4.06	3.45	1.96	5.45	3.80	2.85	6.06	4.20	2.39	2.28	4.53
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	4.56
Altman Z-Score	2.79	3.62	3.02	2.36	3.23	3.45	3.08	2.74	4.05	3.59	3.81
Noncontrolling Interest Sharing Ratio	0.05%	0.07%	0.06%	0.06%	0.05%	0.05%	0.04%	0.03%	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	3.57
Quick Ratio	1.58	0.93	2.79	0.72	0.71	1.57	1.37	0.79	1.73	1.33	0.88
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	714	156	323	-1,198	643	688	-1,737	944	1,722	-1,821	105
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%	221.19%
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	0.46
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	7.76
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	4.25
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.50	0.54	0.49	0.46	0.48	0.46	0.43	0.42	0.45	0.39	0.33
Accounts Receivable Turnover	8.51	8.79	8.39	8.40	8.64	8.23	8.03	7.90	8.81	9.13	8.78
Inventory Turnover	5.90	5.87	5.34	5.19	5.26	4.97	5.56	5.83	5.10	4.43	4.07
Fixed Asset Turnover	1.08	1.16	1.13	0.97	0.91	0.91	0.94	0.97	1.08	0.80	0.62
Accounts Payable Turnover	15.32	16.93	16.53	16.62	16.17	15.90	14.42	12.78	13.06	12.97	11.15
Days Sales Outstanding (DSO)	42.89	41.52	43.50	43.45	42.24	44.33	45.48	46.21	41.44	39.96	41.57
Days Inventory Outstanding (DIO)	61.90	62.20	68.41	70.36	69.40	73.47	65.61	62.64	71.51	82.43	89.77
Days Payable Outstanding (DPO)	23.83	21.55	22.08	21.96	22.58	22.96	25.32	28.55	27.95	28.13	32.72
Cash Conversion Cycle (CCC)	80.97	82.17	89.83	91.85	89.07	94.84	85.77	80.30	85.00	94.26	98.62
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	14,060
Invested Capital Turnover	0.63	0.68	0.66	0.59	0.59	0.58	0.57	0.57	0.64	0.53	0.45
Increase / (Decrease) in Invested Capital	-369	318	485	1,762	81	127	2,536	3.40	-439	3,902	1,055
Enterprise Value (EV)	9,846	14,898	14,791	13,416	19,670	19,611	31,878	24,711	33,737	36,313	42,809
Market Capitalization	8,442	13,259	13,208	10,338	16,915	17,287	27,033	20,732	30,671	31,567	37,551
Book Value per Share	$61.34	$65.23	$74.45	$78.87	$85.61	$94.59	$104.76	$115.48	$129.98	$154.67	$166.35
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	$98.81
Total Capital	5,629	5,829	7,710	8,070	8,127	8,519	11,638	12,213	12,382	14,869	15,357
Total Debt	1,569	1,686	3,027	3,120	2,774	2,626	5,101	5,040	4,346	5,413	5,323
Total Long-Term Debt	1,550	1,506	2,727	2,730	2,434	2,626	5,101	4,341	3,946	5,288	5,293
Net Debt	1,400	1,636	1,581	3,076	2,753	2,321	4,842	3,977	3,064	4,743	5,256
Capital Expenditures (CapEx)	318	387	410	376	394	360	423	482	650	855	807
Debt-free, Cash-free Net Working Capital (DFCFNWC)	565	670	790	924	907	865	1,014	1,067	1,867	981	2,261
Debt-free Net Working Capital (DFNWC)	734	720	2,237	969	928	1,169	1,273	2,130	3,149	1,651	2,328
Net Working Capital (NWC)	715	540	1,937	579	588	1,169	1,273	1,431	2,749	1,526	2,298
Net Nonoperating Expense (NNE)	56	49	94	94	112	94	97	80	113	85	23
Net Nonoperating Obligations (NNO)	1,400	1,636	1,581	3,076	2,753	2,340	4,232	3,600	2,298	4,780	4,026
Total Depreciation and Amortization (D&A)	264	285	297	344	372	394	452	506	513	573	637
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%	36.76%
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%	37.85%
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%	37.37%
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	$18.81
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	60.50M
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	$18.77
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	60.60M
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	64.33M	63.07M	62.80M	62.43M	62.20M	62.29M	62.39M	62.10M	61.82M	60.97M	60.31M
Normalized Net Operating Profit after Tax (NOPAT)	349	475	496	575	724	816	847	954	1,292	2,120	1,172
Normalized NOPAT Margin	9.87%	12.45%	12.52%	13.55%	15.28%	17.26%	15.64%	15.49%	19.07%	32.43%	19.07%
Pre Tax Income Margin	11.69%	15.90%	15.61%	13.57%	15.79%	18.80%	15.80%	17.71%	22.03%	39.72%	19.94%
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	6.33
NOPAT to Interest Expense	4.52	5.81	8.82	4.11	5.60	6.90	5.60	5.60	7.77	12.32	5.05
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	2.82
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	1.54
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%	17.33%
Augmented Payout Ratio	217.26%	85.71%	29.28%	46.09%	37.35%	26.39%	21.12%	35.76%	27.69%	32.01%	56.90%

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

Metric	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026
Period end date	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025	6/30/2025	9/30/2025	12/31/2025	3/31/2026
DEI Shares Outstanding	-	-	-	-	-	-	-	-	-	-	60,312,046.00
DEI Adjusted Shares Outstanding	-	-	-	-	-	-	-	-	-	-	60,312,046.00
DEI Earnings Per Adjusted Shares Outstanding	-	-	-	-	-	-	-	-	-	-	25.09
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	10.06%	8.88%	-7.61%	-3.13%	-5.27%	1.49%	8.15%	2.66%	12.42%	13.43%	17.21%
EBITDA Growth	32.80%	27.12%	370.03%	-9.33%	-9.12%	8.24%	-77.40%	14.62%	18.44%	6.40%	-0.58%
EBIT Growth	40.61%	38.66%	582.63%	-14.52%	-14.63%	5.50%	-85.97%	13.59%	23.54%	7.00%	-7.98%
NOPAT Growth	41.49%	47.03%	579.33%	-14.10%	-14.16%	6.96%	-85.53%	16.20%	25.65%	8.16%	-22.44%
Net Income Growth	41.21%	53.26%	757.38%	-15.76%	-12.95%	3.90%	-88.91%	11.56%	14.05%	-4.78%	1,204.31%
EPS Growth	42.07%	54.42%	765.13%	-15.15%	-12.05%	7.27%	-88.74%	14.08%	15.91%	-5.75%	1,218.95%
Operating Cash Flow Growth	65.39%	28.98%	6.83%	-99.72%	32.16%	23.60%	26.74%	38,600.00%	-8.17%	-8.31%	4.13%
Free Cash Flow Firm Growth	99.44%	260.61%	1,256.27%	-20,365.45%	-21,993.47%	-576.43%	-370.52%	36.95%	71.26%	66.69%	51.87%
Invested Capital Growth	4.27%	-4.07%	-2.96%	18.81%	17.65%	37.76%	36.52%	11.26%	6.68%	8.11%	13.16%
Revenue Q/Q Growth	9.50%	-19.36%	-22.21%	41.01%	7.09%	-13.61%	-17.10%	33.85%	1.93%	-38.24%	19.47%
EBITDA Q/Q Growth	16.69%	-28.47%	210.10%	-65.03%	16.97%	-14.81%	-35.14%	77.37%	5.20%	-35.33%	-21.30%
EBIT Q/Q Growth	20.54%	-34.25%	280.43%	-71.66%	20.39%	-18.75%	-49.38%	129.41%	8.76%	-45.97%	-37.09%
NOPAT Q/Q Growth	23.30%	-31.23%	237.77%	-70.08%	23.21%	-14.31%	-54.22%	140.38%	10.84%	-41.08%	-54.18%
Net Income Q/Q Growth	19.48%	-32.37%	271.19%	-71.89%	23.47%	-19.28%	-60.41%	182.76%	26.22%	-32.61%	442.29%
EPS Q/Q Growth	19.79%	-32.44%	271.59%	-71.78%	24.16%	-17.60%	-60.99%	185.79%	26.15%	-32.99%	445.97%
Operating Cash Flow Q/Q Growth	26.82%	22.25%	-69.06%	-99.42%	59,900.00%	14.33%	-68.22%	77.52%	42.38%	14.16%	-63.91%
Free Cash Flow Firm Q/Q Growth	-182.85%	10,506.90%	87.75%	-228.15%	9.68%	-124.42%	-4.15%	70.13%	57.15%	-71.53%	-119.85%
Invested Capital Q/Q Growth	1.60%	-7.81%	2.36%	23.72%	0.60%	7.95%	1.62%	0.82%	-3.54%	-0.06%	16.43%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	33.90%	30.10%	21.74%	29.31%	31.71%	30.02%	24.76%	30.04%	33.10%	35.00%	22.76%
EBITDA Margin	35.76%	31.72%	126.62%	31.41%	34.30%	33.82%	26.46%	35.06%	36.19%	37.89%	24.96%
Operating Margin	28.44%	23.01%	113.59%	22.56%	25.89%	24.45%	14.34%	25.29%	27.36%	24.56%	11.89%
EBIT Margin	29.14%	23.76%	116.23%	23.36%	26.26%	24.69%	15.08%	25.84%	27.57%	24.12%	12.70%
Profit (Net Income) Margin	20.91%	17.54%	83.61%	16.67%	19.22%	17.95%	8.57%	18.11%	22.43%	24.47%	111.09%
Tax Burden Percent	77.22%	82.46%	73.97%	79.03%	79.26%	83.24%	78.38%	79.81%	92.00%	128.57%	1,293.16%
Interest Burden Percent	92.94%	89.53%	97.25%	90.29%	92.34%	87.34%	72.55%	87.82%	88.41%	78.91%	67.63%
Effective Tax Rate	20.37%	16.08%	26.03%	20.97%	20.74%	16.76%	21.62%	20.19%	19.78%	14.75%	32.48%
Return on Invested Capital (ROIC)	13.70%	12.40%	52.13%	9.78%	10.95%	10.83%	5.95%	9.74%	11.09%	9.52%	3.31%
ROIC Less NNEP Spread (ROIC-NNEP)	12.75%	11.43%	51.94%	9.25%	10.29%	9.72%	4.94%	8.95%	11.31%	10.58%	30.16%
Return on Net Nonoperating Assets (RNNOA)	6.24%	4.43%	17.67%	4.48%	4.50%	3.93%	1.95%	4.67%	4.99%	4.11%	15.47%
Return on Equity (ROE)	19.95%	16.83%	69.80%	14.26%	15.45%	14.76%	7.91%	14.41%	16.08%	13.63%	18.78%
Cash Return on Invested Capital (CROIC)	6.60%	16.31%	23.24%	0.41%	0.68%	-14.82%	-21.42%	-1.72%	3.22%	0.78%	-5.01%
Operating Return on Assets (OROA)	13.06%	10.69%	49.84%	9.79%	10.90%	9.70%	5.89%	10.04%	10.82%	8.05%	4.22%
Return on Assets (ROA)	9.38%	7.89%	35.85%	6.98%	7.97%	7.05%	3.35%	7.04%	8.80%	8.16%	36.91%
Return on Common Equity (ROCE)	19.94%	16.83%	69.78%	14.25%	15.45%	14.76%	7.90%	14.41%	16.08%	13.62%	18.77%
Return on Equity Simple (ROE_SIMPLE)	13.74%	0.00%	23.59%	23.06%	21.64%	0.00%	11.74%	0.00%	0.00%	0.00%	0.00%
Net Operating Profit after Tax (NOPAT)	452	310	1,051	315	388	332	152	366	405	239	109
NOPAT Margin	22.64%	19.31%	84.03%	17.83%	20.52%	20.35%	11.24%	20.18%	21.95%	20.94%	8.03%
Net Nonoperating Expense Percent (NNEP)	0.96%	0.97%	0.19%	0.52%	0.66%	1.11%	1.02%	0.79%	-0.21%	-1.06%	-26.85%
Return On Investment Capital (ROIC_SIMPLE)	-	2.51%	-	-	-	2.23%	1.05%	2.47%	2.65%	1.55%	0.66%
Cost of Revenue to Revenue	66.10%	69.90%	78.26%	70.69%	68.29%	69.98%	75.24%	69.96%	66.90%	65.00%	77.24%
SG&A Expenses to Revenue	5.42%	7.40%	9.43%	6.63%	5.56%	6.56%	9.61%	6.02%	5.96%	8.25%	9.77%
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	5.47%	7.09%	-91.85%	6.75%	5.82%	5.58%	10.42%	4.75%	5.74%	10.44%	10.87%
Earnings before Interest and Taxes (EBIT)	581	382	1,454	412	496	403	204	468	509	275	173
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	713	510	1,584	554	648	552	358	635	668	432	340
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	3.23	3.82	4.27	3.78	3.59	3.34	3.21	3.53	3.90	3.74	3.14
Price to Tangible Book Value (P/TBV)	7.58	7.77	8.07	7.80	7.01	6.37	6.36	6.79	6.71	6.30	5.10
Price to Revenue (P/Rev)	3.80	4.53	5.68	5.05	5.05	4.83	4.39	4.95	5.52	6.11	5.59
Price to Earnings (P/E)	23.58	26.24	18.11	16.38	16.57	15.82	27.35	30.09	33.02	33.03	14.01
Dividend Yield	0.67%	0.56%	0.47%	0.55%	0.56%	0.59%	0.65%	0.58%	0.51%	0.52%	0.56%
Earnings Yield	4.24%	3.81%	5.52%	6.11%	6.03%	6.32%	3.66%	3.32%	3.03%	3.03%	7.14%
Enterprise Value to Invested Capital (EV/IC)	2.58	3.26	3.74	2.87	2.80	2.55	2.38	2.62	3.09	3.04	2.48
Enterprise Value to Revenue (EV/Rev)	4.35	4.98	5.93	5.69	5.66	5.56	5.19	5.73	6.31	6.96	6.38
Enterprise Value to EBITDA (EV/EBITDA)	14.03	15.54	11.58	11.20	11.19	10.88	16.32	17.45	18.92	20.45	19.38
Enterprise Value to EBIT (EV/EBIT)	18.64	20.35	13.66	13.30	13.44	13.13	22.75	24.36	26.06	29.40	28.12
Enterprise Value to NOPAT (EV/NOPAT)	24.44	26.30	18.19	17.71	17.90	17.45	29.06	30.93	32.92	36.89	35.82
Enterprise Value to Operating Cash Flow (EV/OCF)	20.61	22.08	25.72	31.83	27.77	24.89	22.90	20.24	23.60	23.98	22.59
Enterprise Value to Free Cash Flow (EV/FCFF)	39.91	19.60	15.84	760.09	444.63	0.00	0.00	0.00	98.95	406.22	0.00
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.56	0.54	0.49	0.49	0.44	0.57	0.60	0.58	0.57	0.53	0.47
Long-Term Debt to Equity	0.51	0.49	0.44	0.45	0.43	0.56	0.58	0.56	0.54	0.53	0.47
Financial Leverage	0.49	0.39	0.34	0.48	0.44	0.40	0.40	0.52	0.44	0.39	0.51
Leverage Ratio	2.01	1.98	1.94	1.94	1.85	1.90	1.89	1.89	1.86	1.89	1.88
Compound Leverage Factor	1.87	1.77	1.89	1.75	1.71	1.66	1.37	1.66	1.64	1.49	1.27
Debt to Total Capital	35.76%	35.10%	32.87%	32.96%	30.60%	36.40%	37.34%	36.64%	36.19%	34.66%	31.91%
Short-Term Debt to Total Capital	3.29%	3.23%	3.02%	3.03%	0.72%	0.84%	0.86%	0.85%	1.51%	0.20%	0.00%
Long-Term Debt to Total Capital	32.47%	31.87%	29.85%	29.93%	29.88%	35.56%	36.48%	35.79%	34.68%	34.47%	31.91%
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%	0.01%	0.01%
Common Equity to Total Capital	64.22%	64.88%	67.11%	67.02%	69.39%	63.58%	62.64%	63.34%	63.79%	65.33%	68.08%
Debt to EBITDA	2.11	2.00	1.27	1.29	1.23	1.62	2.56	2.47	2.40	2.54	2.53
Net Debt to EBITDA	1.79	1.41	0.50	1.26	1.21	1.42	2.52	2.36	2.37	2.51	2.40
Long-Term Debt to EBITDA	1.91	1.82	1.15	1.17	1.20	1.58	2.50	2.41	2.30	2.53	2.53
Debt to NOPAT	3.67	3.39	2.00	2.05	1.96	2.60	4.56	4.38	4.18	4.59	4.68
Net Debt to NOPAT	3.12	2.39	0.78	1.99	1.94	2.28	4.48	4.19	4.13	4.53	4.44
Long-Term Debt to NOPAT	3.33	3.08	1.81	1.86	1.92	2.54	4.46	4.28	4.01	4.56	4.68
Altman Z-Score	3.24	3.77	4.49	3.70	3.78	3.16	2.95	3.28	3.63	3.60	3.25
Noncontrolling Interest Sharing Ratio	0.03%	0.03%	0.03%	0.03%	0.03%	0.03%	0.03%	0.03%	0.03%	0.03%	0.02%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Current Ratio	2.47	3.35	3.16	1.86	2.34	2.50	2.25	2.35	2.97	3.57	2.28
Quick Ratio	1.49	1.73	2.35	0.85	0.97	1.33	0.89	1.11	0.90	0.88	1.02
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	-7.20	749	1,374	-1,761	-1,591	-3,570	-3,718	-1,110	-476	-816	-1,795
Operating Cash Flow to CapEx	265.50%	298.39%	86.00%	0.72%	212.01%	294.42%	93.56%	216.20%	290.00%	306.83%	122.04%
Free Cash Flow to Firm to Interest Expense	-0.18	18.73	34.36	-44.03	-41.86	-70.00	-66.39	-19.48	-8.07	-14.07	-32.05
Operating Cash Flow to Interest Expense	11.07	13.88	4.30	0.03	15.79	13.45	3.89	6.79	9.34	10.84	4.05
Operating Cash Flow Less CapEx to Interest Expense	6.90	9.23	-0.70	-3.45	8.34	8.88	-0.27	3.65	6.12	7.31	0.73
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.45	0.45	0.43	0.42	0.42	0.39	0.39	0.39	0.39	0.33	0.33
Accounts Receivable Turnover	6.45	8.81	8.90	7.01	6.63	9.13	9.25	7.37	7.25	8.78	8.39
Inventory Turnover	5.23	5.10	4.62	4.53	4.46	4.43	4.18	4.17	4.54	4.07	3.74
Fixed Asset Turnover	1.06	1.08	1.04	0.89	0.86	0.80	0.80	0.71	0.73	0.62	0.56
Accounts Payable Turnover	14.07	13.06	16.47	14.35	14.12	12.97	16.66	14.74	14.53	11.15	14.25
Days Sales Outstanding (DSO)	56.55	41.44	41.01	52.08	55.03	39.96	39.48	49.49	50.33	41.57	43.48
Days Inventory Outstanding (DIO)	69.76	71.51	78.95	80.52	81.88	82.43	87.42	87.44	80.33	89.77	97.50
Days Payable Outstanding (DPO)	25.95	27.95	22.16	25.44	25.85	28.13	21.91	24.76	25.13	32.72	25.62
Cash Conversion Cycle (CCC)	100.36	85.00	97.80	107.15	111.06	94.26	104.99	112.17	105.54	98.62	115.36
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	11,210	10,334	10,596	13,109	13,188	14,236	14,466	14,585	14,069	14,060	16,370
Invested Capital Turnover	0.61	0.64	0.62	0.55	0.53	0.53	0.53	0.48	0.51	0.45	0.41
Increase / (Decrease) in Invested Capital	459	-439	-323	2,076	1,978	3,902	3,870	1,476	881	1,055	1,904
Enterprise Value (EV)	28,925	33,737	39,596	37,637	36,889	36,313	34,470	38,277	43,465	42,809	40,527
Market Capitalization	25,226	30,671	37,897	33,397	32,896	31,567	29,154	33,094	38,010	37,551	35,504
Book Value per Share	$126.25	$129.98	$143.61	$143.38	$150.02	$154.67	$148.93	$155.31	$161.43	$166.35	$187.28
Tangible Book Value per Share	$53.82	$63.86	$75.95	$69.48	$76.84	$81.09	$75.23	$80.83	$93.95	$98.81	$115.43
Total Capital	12,149	12,382	13,224	13,187	13,214	14,869	14,498	14,782	15,260	15,357	16,591
Total Debt	4,344	4,346	4,347	4,347	4,043	5,413	5,414	5,416	5,522	5,323	5,294
Total Long-Term Debt	3,945	3,946	3,947	3,947	3,948	5,288	5,289	5,291	5,292	5,293	5,294
Net Debt	3,697	3,064	1,697	4,238	3,991	4,743	5,313	5,180	5,452	5,256	5,021
Capital Expenditures (CapEx)	171	186	200	139	283	233	233	179	190	205	186
Debt-free, Cash-free Net Working Capital (DFCFNWC)	1,428	1,867	839	1,324	1,369	981	1,192	1,263	2,429	2,261	1,049
Debt-free Net Working Capital (DFNWC)	2,076	3,149	3,489	1,433	1,421	1,651	1,293	1,499	2,499	2,328	1,322
Net Working Capital (NWC)	1,676	2,749	3,089	1,033	1,326	1,526	1,168	1,374	2,269	2,298	1,322
Net Nonoperating Expense (NNE)	35	28	5.18	21	25	39	36	38	-8.88	-40	-1,404
Net Nonoperating Obligations (NNO)	3,405	2,298	1,719	4,269	4,017	4,780	5,382	5,219	4,331	4,026	5,073
Total Depreciation and Amortization (D&A)	132	128	130	142	152	149	154	167	159	157	167
Debt-free, Cash-free Net Working Capital to Revenue	21.49%	27.55%	12.57%	20.01%	21.02%	15.01%	17.96%	18.89%	35.26%	36.76%	16.52%
Debt-free Net Working Capital to Revenue	31.24%	46.47%	52.28%	21.66%	21.82%	25.26%	19.48%	22.42%	36.28%	37.85%	20.82%
Net Working Capital to Revenue	25.22%	40.56%	46.28%	15.61%	20.36%	23.35%	17.60%	20.55%	32.94%	37.37%	20.82%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$6.74	$4.56	$16.92	$4.77	$5.93	$4.88	$1.91	$5.44	$6.86	$4.60	$25.11
Adjusted Weighted Average Basic Shares Outstanding	61.80M	61.90M	61.80M	61.50M	61.10M	61.40M	60.90M	60.30M	60.30M	60.50M	60.30M
Adjusted Diluted Earnings per Share	$6.72	$4.54	$16.87	$4.76	$5.91	$4.87	$1.90	$5.43	$6.85	$4.59	$25.06
Adjusted Weighted Average Diluted Shares Outstanding	62M	62.10M	62M	61.60M	61.30M	61.60M	61M	60.40M	60.40M	60.60M	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	61.81M	61.82M	61.64M	61.12M	61.12M	60.97M	60.29M	60.31M	60.31M	60.31M	60.05M
Normalized Net Operating Profit after Tax (NOPAT)	454	317	1,066	331	391	336	154	367	409	244	113
Normalized NOPAT Margin	22.76%	19.73%	85.21%	18.77%	20.69%	20.61%	11.35%	20.27%	22.16%	21.39%	8.28%
Pre Tax Income Margin	27.08%	21.27%	113.03%	21.09%	24.25%	21.57%	10.94%	22.69%	24.38%	19.04%	8.59%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	14.17	9.55	36.35	10.30	13.05	7.90	3.64	8.21	8.63	4.74	3.09
NOPAT to Interest Expense	11.01	7.76	26.28	7.86	10.20	6.51	2.72	6.41	6.87	4.12	1.95
EBIT Less CapEx to Interest Expense	10.00	4.90	31.35	6.83	5.61	3.33	-0.52	5.07	5.41	1.21	-0.23
NOPAT Less CapEx to Interest Expense	6.84	3.11	21.28	4.39	2.75	1.94	-1.45	3.27	3.65	0.58	-1.37
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	15.86%	14.87%	8.57%	8.95%	9.45%	9.47%	18.01%	17.64%	16.94%	17.33%	7.85%
Augmented Payout Ratio	29.86%	27.69%	19.32%	31.03%	32.13%	32.01%	88.37%	58.55%	56.04%	56.90%	15.75%

Financials Breakdown Chart

Key Financial Trends

Martin Marietta Materials (MLM) has shown solid cash flow generation and a strong balance sheet over the last four years, with notable seasonality in quarterly results and meaningful investing activity that has influenced cash flow and liquidity. Below are the 10 most important trends for retail investors to consider, based on MLM’s quarterly statements from 2022 through 2025 and the most recent four quarters of 2025 data.

Running cash flow from operations improved through 2025, culminating in a strong quarterly figure: Net cash from continuing operating activities rose from about $218M in Q1 2025 to $629M in Q4 2025.
Earnings per share metrics reached a peak in Q3 2025: diluted EPS was $6.85 and basic EPS around $6.86, reflecting a period of stronger margin leverage and profitability per share.
Free cash flow showed meaningful cash conversion late in 2025: estimated free cash flow was about $424M in Q4 2025 (roughly operating cash flow minus capex), with about $361M in Q3 2025, indicating substantial cash generation after reinvestment needs.
Balance sheet supports a large equity cushion: Total equity around $9.7B in 2025 Q3, with long-term debt near $5.29B, indicating a solid base for financing growth and weathering downturns.
Seasonality in quarterly revenue is evident: MLM generated about $1.85B in operating revenue in Q3 2025 but only about $1.14B in Q4 2025, highlighting typical construction-cycle effects rather than an ongoing revenue deterioration.
Cash balance fluctuates by quarter: Cash & equivalents ranged from roughly $57M (Q3 2025) to $225M (Q2 2025), suggesting near-term liquidity varies with the timing of investments and financing activity.
Debt levels appear stable: Long-term debt around $5.29B and total liabilities near $8.92B in 2025 Q3 point to a manageable leverage profile within a large, asset-rich balance sheet.
Investing outflows are sizable: 2025 included meaningful acquisitions (around $577M in Q3) and ongoing capital expenditure, contributing to negative cash flow from investing activities in several quarters.
Quarterly cash balance and net change in cash can be negative despite high operating cash flow: for example, Q3 2025 shows a net change in cash and equivalents of about -$166M due to investing/financing outflows; Q4 2025 also slightly negative.
Near-term earnings volatility: Q4 2025 net income attributable to common shareholders moderated to about $279M from the Q3 high of $414M, illustrating quarterly earnings swings that may reflect seasonality and cost dynamics (SG&A, restructuring, other income/expense).

05/15/26 04:35 AM ETAI Generated. May Contain Errors.

Martin Marietta Materials Financials - Frequently Asked Questions

According to the most recent income statement we have on file, Martin Marietta Materials' fiscal year ends in December. Their fiscal year 2025 ended on December 31, 2025.

Martin Marietta Materials' net income appears to be on an upward trend, with a most recent value of $1.14 billion in 2025, rising from $288.94 million in 2015. The previous period was $2.00 billion in 2024. Find out what analysts predict for Martin Marietta Materials in the coming months.

Martin Marietta Materials' total operating income in 2025 was $1.44 billion, based on the following breakdown:

Total Gross Profit: $1.89 billion
Total Operating Expenses: $452 million

Over the last 10 years, Martin Marietta Materials' total revenue changed from $3.54 billion in 2015 to $6.15 billion in 2025, a change of 73.7%.

Martin Marietta Materials' total liabilities were at $8.68 billion at the end of 2025, a 0.4% decrease from 2024, and a 199.5% increase since 2015.

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 $67 million as of their latest financial filing in 2025.

Over the last 10 years, Martin Marietta Materials' book value per share changed from 61.34 in 2015 to 166.35 in 2025, a change of 171.2%.

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Financial statements for NYSE:MLM last updated on 5/3/2026 by MarketBeat.com Staff. New filings and market data are monitored continuously.

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Martin Marietta Materials (MLM) Financials

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Martin Marietta Materials (MLM) Financials

Annual Income Statements for Martin Marietta Materials

Quarterly Income Statements for Martin Marietta Materials

Annual Cash Flow Statements for Martin Marietta Materials

Quarterly Cash Flow Statements for Martin Marietta Materials

Annual Balance Sheets for Martin Marietta Materials

Quarterly Balance Sheets for Martin Marietta Materials

Annual Metrics And Ratios for Martin Marietta Materials

Quarterly Metrics And Ratios for Martin Marietta Materials

Financials Breakdown Chart

Key Financial Trends

Martin Marietta Materials Financials - Frequently Asked Questions

When does Martin Marietta Materials' financial year end?

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

What is Martin Marietta Materials' operating income?

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

How much debt does Martin Marietta Materials have?

How much cash does Martin Marietta Materials have?

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

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