Vulcan Materials (VMC) Financials

$270.27 +2.08 (+0.78%)

Closing price 05/27/2025 03:59 PM Eastern

Extended Trading

$270.00 -0.27 (-0.10%)

As of 05/27/2025 07:27 PM Eastern

Annual Income Statements for Vulcan Materials

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

Metric	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
Period end date	12/31/2024	12/31/2023	12/31/2022	12/31/2021	12/31/2020	12/31/2019	12/31/2018	12/31/2017	12/31/2016	12/31/2015
Net Income / (Loss) Attributable to Common Shareholders	912	933	576	671	585	618	516	601	419	221
Consolidated Net Income / (Loss)	913	935	577	670	585	618	516	601	419	221
Net Income / (Loss) Continuing Operations	921	946	595	674	588	623	518	593	422	233
Total Pre-Tax Income	1,172	1,245	788	874	744	758	623	361	547	328
Total Operating Income	1,365	1,427	951	1,011	896	878	748	639	666	550
Total Gross Profit	2,000	1,949	1,558	1,373	1,282	1,256	1,101	994	989	858
Total Revenue	7,418	7,782	7,315	5,552	4,857	4,929	4,383	3,890	3,593	3,422
Total Cost of Revenue	5,418	5,833	5,758	4,179	3,575	3,673	3,282	2,897	2,604	2,565
Operating Cost of Revenue	5,418	5,833	5,758	4,179	3,575	3,673	3,282	2,897	2,604	2,565
Total Operating Expenses	635	521	606	363	386	378	353	354	323	308
Selling, General & Admin Expense	531	543	515	478	390	402	368	372	338	318
Other Operating Expenses / (Income)	70	26	34	-	-	-	-	-	-	-
Impairment Charge	87	28	68	4.60	0.00	-	-	-	-	-
Other Special Charges / (Income)	-52	-76	-11	-120	-4.00	-24	-15	-18	-15	-9.93
Total Other Income / (Expense), net	-192	-182	-163	-137	-152	-120	-124	-278	-119	-222
Interest Expense	191	196	169	149	136	130	138	296	134	221
Interest & Investment Income	21	17	0.80	1.60	1.60	1.20	0.55	4.44	0.81	0.35
Other Income / (Expense), net	-22	-2.70	5.10	11	-18	9.20	13	13	15	-1.68
Income Tax Expense	251	299	193	200	156	135	105	-232	125	95
Net Income / (Loss) Discontinued Operations	-7.60	-11	-19	-3.30	-3.50	-4.80	-2.04	7.79	-2.92	-12
Net Income / (Loss) Attributable to Noncontrolling Interest	1.20	1.70	0.90	-0.40	0.00	0.00	-	-	-	-
Basic Earnings per Share	$6.89	$7.02	$4.33	$5.05	$4.41	$4.67	$3.90	$4.54	$3.15	$1.66
Weighted Average Basic Shares Outstanding	132.30M	133M	133M	132.80M	132.60M	132.30M	132.39M	132.51M	133.21M	133.21M
Diluted Earnings per Share	$6.85	$6.98	$4.31	$5.02	$4.39	$4.63	$3.85	$4.46	$3.09	$1.64
Weighted Average Diluted Shares Outstanding	133.10M	133.70M	133.60M	133.50M	133.20M	133.40M	133.93M	134.88M	135.79M	135.09M
Weighted Average Basic & Diluted Shares Outstanding	132.11M	132.23M	132.97M	132.79M	132.55M	132.39M	132.30M	132.40M	133.20M	133.20M
Cash Dividends to Common per Share	$1.84	$1.72	$1.60	$1.48	$1.36	$1.24	$1.12	$1.00	$0.80	$0.40

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

Metric	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Period end date	3/31/2025	12/31/2024	9/30/2024	6/30/2024	3/31/2024	12/31/2023	9/30/2023	6/30/2023	3/31/2023	12/31/2022	9/30/2022
Net Income / (Loss) Attributable to Common Shareholders	129	294	208	308	103	227	277	309	121	119	177
Consolidated Net Income / (Loss)	129	294	208	308	103	228	277	309	121	120	177
Net Income / (Loss) Continuing Operations	130	296	210	310	105	230	280	312	123	122	178
Total Pre-Tax Income	164	339	295	405	134	335	366	404	140	151	261
Total Operating Income	226	401	337	454	173	370	419	451	187	191	305
Total Gross Profit	365	537	565	592	305	472	591	583	302	350	493
Total Revenue	1,635	1,854	2,004	2,014	1,546	1,834	2,186	2,113	1,649	1,732	2,088
Total Cost of Revenue	1,269	1,316	1,439	1,422	1,241	1,362	1,595	1,530	1,347	1,382	1,595
Operating Cost of Revenue	1,269	1,316	1,439	1,422	1,241	1,362	1,595	1,530	1,347	1,382	1,595
Total Operating Expenses	139	136	228	139	132	102	172	132	115	158	188
Selling, General & Admin Expense	138	138	129	134	130	143	144	139	117	126	135
Other Operating Expenses / (Income)	8.00	46	13	8.30	2.90	13	4.20	9.80	-0.80	14	8.20
Other Special Charges / (Income)	-7.40	-48	-0.20	-3.80	-0.60	-54	-4.30	-17	-1.70	18	-24
Total Other Income / (Expense), net	-62	-62	-42	-49	-39	-35	-53	-47	-48	-41	-45
Interest Expense	60	-	38	40	-	-	47	47	-	-	-
Other Income / (Expense), net	-2.60	-9.30	-3.80	-8.70	-0.30	2.40	-6.40	-0.10	1.40	7.00	1.30
Income Tax Expense	34	43	85	94	29	105	86	92	17	28	82
Net Income / (Loss) Discontinued Operations	-0.90	-2.60	-1.30	-2.00	-1.70	-2.20	-2.80	-3.70	-2.10	-2.50	-1.20
Net Income / (Loss) Attributable to Noncontrolling Interest	0.50	-0.10	0.80	0.30	0.20	0.70	0.80	0.00	0.20	0.40	0.00
Basic Earnings per Share	$0.97	$2.21	$1.57	$2.33	$0.78	$1.71	$2.08	$2.32	$0.91	$0.90	$1.33
Weighted Average Basic Shares Outstanding	132.40M	132.30M	132.20M	132.40M	132.40M	133M	133M	133.20M	133.20M	133M	133M
Diluted Earnings per Share	$0.97	$2.21	$1.56	$2.31	$0.77	$1.70	$2.07	$2.31	$0.90	$0.89	$1.33
Weighted Average Diluted Shares Outstanding	133M	133.10M	133M	133.10M	133.10M	133.70M	133.70M	133.80M	133.70M	133.60M	133.60M
Weighted Average Basic & Diluted Shares Outstanding	132.10M	132.11M	132.06M	132.06M	132.25M	132.23M	132.87M	132.87M	133.06M	132.97M	132.91M

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

Metric	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
Period end date	12/31/2024	12/31/2023	12/31/2022	12/31/2021	12/31/2020	12/31/2019	12/31/2018	12/31/2017	12/31/2016	12/31/2015
Net Change in Cash & Equivalents	-348	788	-80	-957	924	230	-102	-121	-17	144
Net Cash From Operating Activities	1,410	1,537	1,148	1,012	1,070	984	833	645	645	520
Net Cash From Continuing Operating Activities	1,410	1,537	1,148	1,012	1,070	984	833	645	645	520
Net Income / (Loss) Continuing Operations	913	935	577	670	585	618	516	601	419	221
Consolidated Net Income / (Loss)	913	935	577	670	585	618	516	601	419	221
Depreciation Expense	632	617	588	463	397	375	346	306	285	275
Amortization Expense	51	54	60	-	-	-	-	-	-	-
Non-Cash Adjustments To Reconcile Net Income	108	29	123	0.00	76	72	23	163	8.93	58
Changes in Operating Assets and Liabilities, net	-296	-98	-199	-122	14	-80	-52	-425	-69	-34
Net Cash From Investing Activities	-2,815	-164	-1,053	-1,874	-382	-416	-670	-1,269	-357	-309
Net Cash From Continuing Investing Activities	-2,815	-164	-1,053	-1,874	-382	-416	-670	-1,269	-357	-309
Purchase of Property, Plant & Equipment	-604	-873	-613	-451	-362	-384	-469	-460	-350	-289
Acquisitions	-2,266	0.90	-529	-1,639	-43	-44	-221	-1,110	-33	-27
Sale of Property, Plant & Equipment	55	95	39	217	12	23	22	16	23	8.22
Divestitures	0.20	614	50	0.00	1.00	1.70	11	287	0.00	0.00
Other Investing Activities, net	-0.10	0.00	0.10	0.10	11	-12	-13	-3.25	2.17	-0.35
Net Cash From Financing Activities	1,057	-586	-175	-94	235	-338	-265	503	-305	-67
Net Cash From Continuing Financing Activities	1,057	-586	-175	-94	235	-338	-265	503	-305	-67
Repayment of Debt	-590	-820	-1,821	-1,465	-266	-500	-1,544	-1,484	-4.99	-908
Repurchase of Common Equity	-69	-200	0.00	0.00	-26	-2.60	-134	-60	-161	-21
Payment of Dividends	-246	-229	-213	-196	-180	-164	-148	-132	-106	-53
Issuance of Debt	2,008	716	1,911	1,600	750	367	1,590	2,205	3.00	841
Other Financing Activities, net	-46	-53	-52	-33	-44	-39	-28	-25	-35	75

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

Metric	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Period end date	3/31/2025	12/31/2024	9/30/2024	6/30/2024	3/31/2024	12/31/2023	9/30/2023	6/30/2023	3/31/2023	12/31/2022	9/30/2022
Net Change in Cash & Equivalents	-408	167	323	-189	-649	604	177	28	-22	15	23
Net Cash From Operating Activities	252	440	595	201	173	482	548	286	221	400	423
Net Cash From Continuing Operating Activities	252	440	595	201	173	482	548	286	221	400	423
Net Income / (Loss) Continuing Operations	129	294	208	308	103	228	277	309	121	120	177
Consolidated Net Income / (Loss)	129	294	208	308	103	228	277	309	121	120	177
Depreciation Expense	186	164	161	157	151	153	161	155	148	153	151
Amortization Expense	14	13	13	13	13	13	13	14	14	14	15
Non-Cash Adjustments To Reconcile Net Income	10	-18	99	15	13	-32	48	4.00	8.80	47	59
Changes in Operating Assets and Liabilities, net	-88	-12	114	-292	-106	120	48	-195	-70	67	21
Net Cash From Investing Activities	-127	-2,173	-108	-370	-164	346	-306	-142	-62	-112	-472
Net Cash From Continuing Investing Activities	-127	-2,173	-108	-370	-164	346	-306	-142	-62	-112	-472
Purchase of Property, Plant & Equipment	-168	-163	-97	-191	-153	-206	-312	-161	-194	-162	-160
Acquisitions	4.70	-2,060	-13	-181	-12	-	-	0.40	0.50	-1.20	-340
Sale of Property, Plant & Equipment	18	49	2.00	2.20	1.40	68	5.70	19	1.40	0.90	28
Divestitures	19	-	-	0.20	0.00	484	-	-	130	50	-
Other Investing Activities, net	0.10	0.10	-	-	-0.10	-	-	-	0.00	0.20	0.10
Net Cash From Financing Activities	-533	1,900	-164	-20	-659	-223	-65	-117	-181	-273	72
Net Cash From Continuing Financing Activities	-533	1,900	-164	-20	-659	-223	-65	-117	-181	-273	72
Repayment of Debt	-401	-28	-3.60	-7.90	-551	0.20	-91	-47	-682	-285	-1,144
Repurchase of Common Equity	-38	-	-	-50	-19	-150	-	-50	0.00	-	-
Payment of Dividends	-66	-61	-63	-61	-62	-58	-57	-57	-57	-53	-53
Other Financing Activities, net	-28	-12	-3.20	-3.90	-27	-16	-7.70	-9.30	-20	-7.90	-8.40

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

Metric	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
Period end date	12/31/2024	12/31/2023	12/31/2022	12/31/2021	12/31/2020	12/31/2019	12/31/2018	12/31/2017	12/31/2016	12/31/2015
Total Assets	17,105	14,546	14,235	13,683	11,687	10,649	9,832	9,505	8,471	8,302
Total Current Assets	2,266	2,525	1,902	1,697	2,277	1,379	1,079	1,180	1,137	1,085
Cash & Equivalents	560	931	161	235	1,197	272	40	142	259	284
Restricted Cash	41	18	0.10	6.50	0.90	2.92	4.37	5.00	9.03	1.15
Note & Lease Receivable	892	890	-	-	-	-	-	-	-	-
Inventories, net	682	616	579	521	449	458	429	384	346	347
Other Current Assets	91	70	116	95	74	76	65	61	-	-
Plant, Property, & Equipment, net	8,462	6,218	6,051	5,547	4,426	4,316	4,237	3,919	3,261	3,156
Total Noncurrent Assets	6,378	5,803	6,281	6,439	4,984	4,953	4,516	4,406	4,073	4,061
Long-Term Investments	31	31	32	34	34	61	45	35	39	41
Goodwill	3,788	3,532	3,690	3,697	3,172	3,167	3,165	3,122	3,095	3,095
Intangible Assets	1,715	1,461	1,702	1,749	1,124	1,091	1,095	1,064	769	767
Other Noncurrent Operating Assets	844	779	858	959	654	634	210	185	170	159
Total Liabilities & Shareholders' Equity	17,105	14,546	14,235	13,683	11,687	10,649	9,832	9,505	8,471	8,302
Total Liabilities	8,962	7,038	7,282	7,115	5,660	5,027	4,629	4,536	3,899	3,847
Total Current Liabilities	1,239	798	957	769	1,048	536	603	443	372	353
Short-Term Debt	401	0.50	101	5.20	515	0.03	133	41	0.14	0.13
Accounts Payable	407	390	455	366	273	265	216	197	145	176
Current Employee Benefit Liabilities	124	136	113	121	92	97	92	87	91	91
Other Current Liabilities	276	238	269	259	148	154	141	105	126	76
Other Current Nonoperating Liabilities	31	33	20	20	20	19	20	12	9.75	9.75
Total Noncurrent Liabilities	7,723	6,240	6,326	6,346	4,612	4,491	4,027	4,093	3,527	3,494
Long-Term Debt	4,907	3,877	3,875	3,875	2,772	2,784	2,779	2,813	1,983	1,980
Asset Retirement Reserve & Litigation Obligation	427	324	311	315	283	210	226	218	224	227
Noncurrent Deferred Revenue	138	145	160	167	174	180	186	191	198	208
Noncurrent Deferred & Payable Income Tax Liabilities	1,337	1,029	1,073	1,006	706	633	567	464	703	681
Noncurrent Employee Benefit Liabilities	75	84	82	106	137	201	171	303	307	292
Other Noncurrent Operating Liabilities	839	781	825	876	540	483	96	103	112	106
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	8,143	7,508	6,952	6,568	6,027	5,622	5,203	4,969	4,572	4,454
Total Preferred & Common Equity	8,119	7,483	6,929	6,545	6,027	5,622	5,203	4,969	4,572	4,454
Total Common Equity	8,119	7,483	6,929	6,545	6,027	5,622	5,203	4,969	4,572	4,454
Common Stock	3,032	3,012	2,972	2,949	2,935	2,924	2,930	2,938	2,940	2,956
Retained Earnings	5,214	4,615	4,111	3,749	3,274	2,896	2,445	2,180	1,772	1,619
Accumulated Other Comprehensive Income / (Loss)	-127	-144	-155	-153	-181	-198	-172	-149	-139	-120
Noncontrolling Interest	24	25	24	23	0.00	-	-	-	-	-

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

Metric	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Period end date	3/31/2025	12/31/2024	9/30/2024	6/30/2024	3/31/2024	12/31/2023	9/30/2023	6/30/2023	3/31/2023	12/31/2022	9/30/2022
Total Assets	16,712	17,105	14,352	14,216	13,911	14,546	14,621	14,334	14,077	14,235	14,616
Total Current Assets	1,926	2,266	2,213	1,977	1,908	2,525	2,701	2,044	1,793	1,902	2,333
Cash & Equivalents	181	560	433	111	292	931	340	166	140	161	122
Restricted Cash	12	41	1.10	0.60	7.70	18	5.00	2.20	0.40	0.10	25
Note & Lease Receivable	929	892	1,017	1,061	886	890	1,185	1,160	975	-	-
Inventories, net	721	682	648	650	647	616	571	595	586	579	542
Other Current Assets	83	91	114	153	74	70	106	121	92	116	141
Plant, Property, & Equipment, net	8,381	8,462	6,414	6,416	6,209	6,218	6,112	6,106	6,045	6,051	5,985
Plant, Property & Equipment, gross	14,534	-	12,351	12,241	11,949	-	11,610	11,562	11,414	-	11,134
Accumulated Depreciation	6,153	-	5,937	5,825	5,740	-	5,498	5,456	5,369	-	5,148
Total Noncurrent Assets	6,405	6,378	5,726	5,824	5,794	5,803	5,807	6,184	6,240	6,281	6,297
Long-Term Investments	31	31	31	31	31	31	31	31	31	32	33
Goodwill	3,815	3,788	3,450	3,537	3,532	3,532	3,532	3,690	3,690	3,690	3,705
Intangible Assets	1,846	1,715	1,448	1,463	1,446	1,461	1,472	1,653	1,679	1,702	1,708
Other Noncurrent Operating Assets	712	844	796	793	785	779	773	810	839	858	851
Total Liabilities & Shareholders' Equity	16,712	17,105	14,352	14,216	13,911	14,546	14,621	14,334	14,077	14,235	14,616
Total Liabilities	8,554	8,962	6,459	6,486	6,394	7,038	7,155	7,107	7,066	7,282	7,737
Total Current Liabilities	797	1,239	774	797	696	798	864	793	757	957	1,363
Short-Term Debt	0.50	401	0.50	96	0.50	0.50	0.50	0.50	0.50	101	313
Accounts Payable	355	407	353	327	321	390	413	402	370	455	484
Other Current Liabilities	442	276	421	375	375	238	441	391	386	269	455
Total Noncurrent Liabilities	7,757	7,723	5,685	5,689	5,698	6,240	6,291	6,314	6,309	6,326	6,374
Long-Term Debt	4,908	4,907	3,329	3,332	3,331	3,877	3,874	3,873	3,877	3,875	3,874
Noncurrent Deferred Revenue	136	138	139	141	144	145	147	150	158	160	162
Noncurrent Deferred & Payable Income Tax Liabilities	1,331	1,337	1,000	1,012	1,027	1,029	1,068	1,070	1,060	1,073	1,073
Other Noncurrent Operating Liabilities	1,381	839	1,216	1,205	1,197	781	1,201	1,221	1,215	825	1,266
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	8,159	8,143	7,893	7,730	7,517	7,508	7,465	7,226	7,011	6,952	6,879
Total Preferred & Common Equity	8,134	8,119	7,869	7,705	7,492	7,483	7,441	7,203	6,987	6,929	6,856
Total Common Equity	8,134	8,119	7,869	7,705	7,492	7,483	7,441	7,203	6,987	6,929	6,856
Common Stock	3,021	3,032	3,027	3,012	2,997	3,012	2,995	2,978	2,966	2,972	2,960
Retained Earnings	5,239	5,214	4,981	4,834	4,637	4,615	4,595	4,376	4,174	4,111	4,045
Accumulated Other Comprehensive Income / (Loss)	-126	-127	-139	-141	-142	-144	-150	-151	-153	-155	-149
Noncontrolling Interest	24	24	24	25	25	25	25	24	24	24	23

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

Metric	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
Period end date	12/31/2024	12/31/2023	12/31/2022	12/31/2021	12/31/2020	12/31/2019	12/31/2018	12/31/2017	12/31/2016	12/31/2015
Growth Metrics	-	-	-	-	-	-	-	-	-	-
Revenue Growth	-4.68%	6.38%	31.75%	14.32%	-1.47%	12.46%	12.66%	8.28%	4.98%	14.29%
EBITDA Growth	-3.32%	30.62%	8.07%	16.43%	1.09%	13.94%	15.50%	-0.74%	17.32%	0.27%
EBIT Growth	-5.78%	48.95%	-6.36%	16.32%	-0.96%	16.56%	16.60%	-4.13%	24.16%	1.27%
NOPAT Growth	-1.14%	50.91%	-7.82%	10.06%	-1.78%	16.05%	-40.81%	104.19%	31.60%	4.70%
Net Income Growth	-2.33%	62.17%	-14.01%	14.70%	-5.37%	19.75%	-14.20%	43.31%	89.66%	7.93%
EPS Growth	-1.86%	61.95%	-14.14%	14.35%	-5.18%	20.26%	-13.68%	44.34%	88.41%	6.49%
Operating Cash Flow Growth	-8.28%	33.84%	13.47%	-5.47%	8.77%	18.17%	29.18%	0.01%	24.07%	99.05%
Free Cash Flow Firm Growth	-195.62%	800.76%	111.87%	-288.27%	2.82%	195.51%	166.12%	-192.40%	53.56%	-61.00%
Invested Capital Growth	23.10%	-2.94%	5.52%	25.78%	0.15%	0.55%	5.12%	22.30%	2.28%	2.45%
Revenue Q/Q Growth	0.26%	1.33%	1.75%	8.42%	-0.23%	2.03%	2.59%	2.76%	0.44%	3.08%
EBITDA Q/Q Growth	4.20%	12.22%	4.18%	5.01%	-1.28%	1.28%	4.51%	-1.76%	0.24%	9.89%
EBIT Q/Q Growth	1.44%	13.93%	-0.66%	3.00%	-2.42%	1.15%	4.96%	-3.49%	0.11%	15.77%
NOPAT Q/Q Growth	9.83%	9.91%	-2.41%	1.67%	-0.84%	2.15%	-41.33%	111.13%	0.84%	14.65%
Net Income Q/Q Growth	7.72%	13.09%	-3.00%	3.58%	-4.35%	2.85%	-28.29%	55.65%	5.99%	29.87%
EPS Q/Q Growth	8.04%	13.13%	-3.36%	3.72%	-4.15%	2.66%	-28.04%	56.49%	5.10%	31.20%
Operating Cash Flow Q/Q Growth	-2.86%	5.61%	10.89%	-0.53%	-4.08%	8.59%	1.83%	0.81%	0.28%	32.33%
Free Cash Flow Firm Q/Q Growth	-291.99%	15.46%	-20.44%	0.01%	-13.35%	19.44%	205.87%	-824.50%	13.58%	-5.52%
Invested Capital Q/Q Growth	19.45%	-0.39%	0.46%	0.26%	0.17%	-1.06%	0.10%	13.17%	-0.88%	-0.25%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-
Gross Margin	26.96%	25.04%	21.29%	24.74%	26.39%	25.48%	25.12%	25.54%	27.53%	25.06%
EBITDA Margin	27.31%	26.93%	21.93%	26.74%	26.25%	25.59%	25.26%	24.63%	26.87%	24.05%
Operating Margin	18.40%	18.34%	13.01%	18.21%	18.44%	17.80%	17.06%	16.43%	18.54%	16.07%
EBIT Margin	18.10%	18.31%	13.08%	18.40%	18.08%	17.99%	17.36%	16.77%	18.94%	16.02%
Profit (Net Income) Margin	12.31%	12.01%	7.88%	12.07%	12.03%	12.53%	11.77%	15.45%	11.68%	6.46%
Tax Burden Percent	77.90%	75.09%	73.15%	76.72%	78.58%	81.52%	82.76%	166.39%	76.65%	67.46%
Interest Burden Percent	87.31%	87.39%	82.39%	85.54%	84.70%	85.45%	81.94%	55.38%	80.42%	59.82%
Effective Tax Rate	21.45%	24.05%	24.49%	22.90%	20.95%	17.84%	16.92%	-64.23%	22.81%	28.96%
Return on Invested Capital (ROIC)	9.21%	10.23%	6.86%	8.52%	8.75%	8.94%	7.91%	15.09%	8.31%	6.46%
ROIC Less NNEP Spread (ROIC-NNEP)	5.05%	5.80%	3.04%	4.70%	3.31%	5.05%	4.10%	-5.43%	2.66%	-3.33%
Return on Net Nonoperating Assets (RNNOA)	2.46%	2.70%	1.67%	2.13%	1.29%	2.48%	2.23%	-2.49%	0.99%	-1.34%
Return on Equity (ROE)	11.67%	12.93%	8.53%	10.65%	10.04%	11.41%	10.14%	12.60%	9.29%	5.13%
Cash Return on Invested Capital (CROIC)	-11.50%	13.22%	1.48%	-14.32%	8.59%	8.39%	2.92%	-4.98%	6.06%	4.04%
Operating Return on Assets (OROA)	8.48%	9.90%	6.85%	8.05%	7.86%	8.66%	7.87%	7.26%	8.11%	6.71%
Return on Assets (ROA)	5.77%	6.50%	4.13%	5.29%	5.23%	6.03%	5.33%	6.69%	5.00%	2.71%
Return on Common Equity (ROCE)	11.63%	12.89%	8.50%	10.63%	10.04%	11.41%	10.14%	12.60%	9.29%	5.13%
Return on Equity Simple (ROE_SIMPLE)	11.25%	12.49%	8.32%	10.24%	9.70%	10.99%	9.91%	12.10%	9.17%	4.97%
Net Operating Profit after Tax (NOPAT)	1,072	1,084	718	779	708	721	621	1,050	514	391
NOPAT Margin	14.45%	13.93%	9.82%	14.04%	14.58%	14.63%	14.17%	26.98%	14.31%	11.41%
Net Nonoperating Expense Percent (NNEP)	4.16%	4.43%	3.82%	3.82%	5.44%	3.89%	3.81%	20.52%	5.64%	9.79%
Return On Investment Capital (ROIC_SIMPLE)	7.97%	9.52%	6.57%	-	-	-	-	-	-	-
Cost of Revenue to Revenue	73.04%	74.96%	78.71%	75.26%	73.61%	74.52%	74.88%	74.46%	72.47%	74.94%
SG&A Expenses to Revenue	7.16%	6.98%	7.04%	8.61%	8.03%	8.16%	8.40%	9.57%	9.42%	9.28%
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	8.56%	6.70%	8.29%	6.53%	7.94%	7.68%	8.06%	9.11%	8.99%	8.99%
Earnings before Interest and Taxes (EBIT)	1,342	1,425	957	1,022	878	887	761	652	681	548
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	2,026	2,096	1,604	1,485	1,275	1,261	1,107	958	965	823
Valuation Ratios	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	4.18	4.00	3.31	4.11	3.16	3.25	2.38	3.21	3.38	2.63
Price to Tangible Book Value (P/TBV)	12.99	12.02	14.91	24.49	11.00	13.40	13.15	20.40	21.79	19.78
Price to Revenue (P/Rev)	4.58	3.85	3.13	4.85	3.92	3.71	2.83	4.10	4.30	3.43
Price to Earnings (P/E)	37.25	32.09	39.80	40.13	32.59	29.58	24.02	26.56	36.81	53.01
Dividend Yield	0.72%	0.76%	0.93%	0.73%	0.95%	0.90%	1.19%	0.83%	0.69%	0.45%
Earnings Yield	2.68%	3.12%	2.51%	2.49%	3.07%	3.38%	4.16%	3.76%	2.72%	1.89%
Enterprise Value to Invested Capital (EV/IC)	3.01	3.15	2.48	3.00	2.60	2.56	1.89	2.44	2.74	2.19
Enterprise Value to Revenue (EV/Rev)	5.21	4.22	3.65	5.50	4.35	4.20	3.47	4.79	4.77	3.91
Enterprise Value to EBITDA (EV/EBITDA)	19.09	15.69	16.65	20.58	16.55	16.43	13.74	19.45	17.73	16.26
Enterprise Value to EBIT (EV/EBIT)	28.81	23.07	27.93	29.90	24.03	23.37	20.00	28.57	25.16	24.41
Enterprise Value to NOPAT (EV/NOPAT)	36.08	30.32	37.19	39.19	29.81	28.74	24.49	17.76	33.31	34.26
Enterprise Value to Operating Cash Flow (EV/OCF)	27.43	21.39	23.27	30.19	19.72	21.05	18.27	28.92	26.56	25.75
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	23.47	171.81	0.00	30.34	30.62	66.43	0.00	45.68	54.83
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.65	0.52	0.57	0.59	0.55	0.50	0.56	0.57	0.43	0.44
Long-Term Debt to Equity	0.60	0.52	0.56	0.59	0.46	0.50	0.53	0.57	0.43	0.44
Financial Leverage	0.49	0.47	0.55	0.45	0.39	0.49	0.54	0.46	0.37	0.40
Leverage Ratio	2.02	1.99	2.06	2.01	1.92	1.89	1.90	1.88	1.86	1.89
Compound Leverage Factor	1.77	1.74	1.70	1.72	1.62	1.62	1.56	1.04	1.49	1.13
Debt to Total Capital	39.46%	34.06%	36.38%	37.14%	35.29%	33.12%	35.89%	36.49%	30.25%	30.78%
Short-Term Debt to Total Capital	2.98%	0.00%	0.92%	0.05%	5.53%	0.00%	1.64%	0.53%	0.00%	0.00%
Long-Term Debt to Total Capital	36.48%	34.05%	35.46%	37.09%	29.76%	33.12%	34.25%	35.96%	30.25%	30.78%
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	0.18%	0.22%	0.22%	0.22%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Common Equity to Total Capital	60.36%	65.73%	63.40%	62.65%	64.71%	66.88%	64.11%	63.51%	69.75%	69.22%
Debt to EBITDA	2.62	1.85	2.48	2.61	2.58	2.21	2.63	2.98	2.05	2.41
Net Debt to EBITDA	2.31	1.38	2.36	2.43	1.61	1.94	2.55	2.79	1.74	2.01
Long-Term Debt to EBITDA	2.42	1.85	2.42	2.61	2.17	2.21	2.51	2.94	2.05	2.41
Debt to NOPAT	4.95	3.58	5.53	4.98	4.64	3.86	4.69	2.72	3.86	5.07
Net Debt to NOPAT	4.36	2.67	5.27	4.63	2.90	3.40	4.54	2.55	3.26	4.24
Long-Term Debt to NOPAT	4.58	3.58	5.39	4.97	3.92	3.86	4.47	2.68	3.86	5.07
Altman Z-Score	3.47	4.00	3.11	3.39	3.20	3.39	2.71	3.16	3.47	2.84
Noncontrolling Interest Sharing Ratio	0.31%	0.33%	0.34%	0.18%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-
Current Ratio	1.83	3.17	1.99	2.21	2.17	2.58	1.79	2.66	3.05	3.07
Quick Ratio	1.17	2.28	1.26	1.40	1.67	1.57	0.96	1.65	2.02	1.99
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	-1,339	1,401	156	-1,310	696	677	229	-346	375	244
Operating Cash Flow to CapEx	256.85%	197.53%	200.07%	430.96%	305.22%	272.30%	186.35%	145.26%	197.22%	184.86%
Free Cash Flow to Firm to Interest Expense	-7.01	7.14	0.92	-8.77	5.12	5.20	1.66	-1.17	2.80	1.11
Operating Cash Flow to Interest Expense	7.37	7.84	6.79	6.78	7.87	7.56	6.04	2.18	4.81	2.36
Operating Cash Flow Less CapEx to Interest Expense	4.50	3.87	3.39	5.21	5.29	4.78	2.80	0.68	2.37	1.08
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.47	0.54	0.52	0.44	0.43	0.48	0.45	0.43	0.43	0.42
Accounts Receivable Turnover	0.00	0.00	7.77	7.96	8.62	8.87	7.76	7.20	7.90	8.64
Inventory Turnover	8.35	9.76	10.46	8.62	7.88	8.28	8.07	7.94	7.52	7.67
Fixed Asset Turnover	1.01	1.27	1.26	1.11	1.11	1.15	1.07	1.08	1.12	1.10
Accounts Payable Turnover	13.59	13.81	14.04	13.09	13.28	15.25	15.86	16.92	16.23	15.99
Days Sales Outstanding (DSO)	0.00	0.00	47.00	45.85	42.33	41.13	47.02	50.67	46.22	42.23
Days Inventory Outstanding (DIO)	43.70	37.38	34.89	42.36	46.29	44.10	45.25	45.99	48.55	47.60
Days Payable Outstanding (DPO)	26.86	26.43	25.99	27.89	27.48	23.93	23.01	21.57	22.48	22.83
Cash Conversion Cycle (CCC)	16.84	10.95	55.90	60.32	61.14	61.30	69.25	75.09	72.29	66.99
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-
Invested Capital	12,849	10,438	10,755	10,192	8,103	8,090	8,046	7,654	6,258	6,119
Invested Capital Turnover	0.64	0.73	0.70	0.61	0.60	0.61	0.56	0.56	0.58	0.57
Increase / (Decrease) in Invested Capital	2,411	-317	563	2,089	12	44	392	1,396	139	147
Enterprise Value (EV)	38,669	32,872	26,718	30,544	21,105	20,719	15,212	18,642	17,119	13,380
Market Capitalization	33,970	29,950	22,912	26,917	19,050	18,270	12,389	15,969	15,443	11,725
Book Value per Share	$61.48	$56.32	$52.13	$49.32	$45.49	$42.48	$39.40	$37.56	$34.56	$33.41
Tangible Book Value per Share	$19.81	$18.75	$11.56	$8.28	$13.07	$10.30	$7.13	$5.92	$5.36	$4.45
Total Capital	13,450	11,386	10,928	10,448	9,315	8,406	8,115	7,824	6,555	6,435
Total Debt	5,307	3,878	3,976	3,880	3,288	2,784	2,912	2,855	1,983	1,980
Total Long-Term Debt	4,907	3,877	3,875	3,875	2,772	2,784	2,779	2,813	1,983	1,980
Net Debt	4,675	2,897	3,782	3,604	2,055	2,449	2,823	2,673	1,676	1,655
Capital Expenditures (CapEx)	549	778	574	235	351	361	447	444	327	281
Debt-free, Cash-free Net Working Capital (DFCFNWC)	826	779	884	691	547	569	565	632	497	446
Debt-free Net Working Capital (DFNWC)	1,427	1,728	1,046	933	1,745	844	610	779	765	731
Net Working Capital (NWC)	1,027	1,727	945	927	1,229	844	477	737	765	731
Net Nonoperating Expense (NNE)	159	149	142	109	124	103	105	448	94	169
Net Nonoperating Obligations (NNO)	4,707	2,930	3,802	3,624	2,075	2,468	2,843	2,685	1,685	1,664
Total Depreciation and Amortization (D&A)	684	671	648	463	397	375	346	306	285	275
Debt-free, Cash-free Net Working Capital to Revenue	11.14%	10.01%	12.09%	12.45%	11.26%	11.55%	12.90%	16.24%	13.84%	13.03%
Debt-free Net Working Capital to Revenue	19.24%	22.20%	14.30%	16.80%	35.92%	17.12%	13.91%	20.01%	21.30%	21.37%
Net Working Capital to Revenue	13.84%	22.20%	12.92%	16.70%	25.31%	17.12%	10.87%	18.95%	21.29%	21.36%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$6.89	$7.02	$4.33	$5.05	$4.41	$4.67	$3.90	$4.54	$3.15	$1.66
Adjusted Weighted Average Basic Shares Outstanding	132.30M	133M	133M	132.80M	132.58M	132.30M	132.39M	132.51M	133.21M	133.21M
Adjusted Diluted Earnings per Share	$6.85	$6.98	$4.31	$5.02	$4.39	$4.63	$3.85	$4.46	$3.09	$1.64
Adjusted Weighted Average Diluted Shares Outstanding	133.10M	133.70M	133.60M	133.50M	133.25M	133.39M	133.93M	134.88M	135.79M	135.09M
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	132.11M	132.23M	132.97M	132.79M	132.55M	132.39M	131.83M	132.48M	132.36M	133.18M
Normalized Net Operating Profit after Tax (NOPAT)	1,099	1,048	762	690	705	701	609	435	502	384
Normalized NOPAT Margin	14.81%	13.46%	10.41%	12.43%	14.51%	14.23%	13.89%	11.18%	13.97%	11.21%
Pre Tax Income Margin	15.80%	16.00%	10.77%	15.74%	15.31%	15.37%	14.22%	9.29%	15.23%	9.58%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	7.02	7.27	5.65	6.84	6.46	6.81	5.51	2.21	5.08	2.48
NOPAT to Interest Expense	5.61	5.53	4.25	5.22	5.21	5.54	4.50	3.55	3.83	1.77
EBIT Less CapEx to Interest Expense	4.15	3.30	2.26	5.27	3.88	4.03	2.27	0.71	2.64	1.21
NOPAT Less CapEx to Interest Expense	2.74	1.56	0.85	3.65	2.63	2.76	1.26	2.05	1.40	0.50
Payout Ratios	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	26.96%	24.52%	36.88%	29.30%	30.83%	26.55%	28.71%	22.01%	25.35%	24.06%
Augmented Payout Ratio	34.50%	45.91%	36.88%	29.30%	35.30%	26.97%	54.69%	32.04%	63.84%	33.77%

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

Metric	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Period end date	3/31/2025	12/31/2024	9/30/2024	6/30/2024	3/31/2024	12/31/2023	9/30/2023	6/30/2023	3/31/2023	12/31/2022	9/30/2022
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	5.75%	1.06%	-8.32%	-4.66%	-6.26%	5.91%	4.67%	8.12%	7.03%	7.81%	37.71%
EBITDA Growth	25.95%	5.53%	-13.65%	-0.82%	-4.05%	47.67%	24.10%	34.46%	14.61%	5.13%	23.50%
EBIT Growth	29.66%	5.10%	-19.20%	-1.35%	-8.48%	87.80%	34.50%	48.89%	27.00%	-3.13%	15.52%
NOPAT Growth	32.70%	37.71%	-25.25%	-0.19%	-17.87%	63.56%	53.47%	49.27%	34.55%	-10.23%	2.89%
Net Income Growth	25.75%	28.67%	-24.85%	-0.10%	-14.89%	90.24%	56.58%	64.67%	31.27%	-12.93%	0.17%
EPS Growth	25.97%	30.00%	-24.64%	0.00%	-14.44%	91.01%	55.64%	65.00%	30.43%	-14.42%	0.76%
Operating Cash Flow Growth	45.04%	-8.62%	8.64%	-29.73%	-21.64%	20.43%	29.54%	90.93%	26.03%	39.29%	29.34%
Free Cash Flow Firm Growth	-738.93%	-461.03%	-107.05%	174.04%	332.25%	240.11%	265.03%	103.67%	93.67%	78.73%	82.29%
Invested Capital Growth	22.12%	23.10%	2.66%	1.04%	-1.87%	-2.94%	-2.12%	2.47%	2.97%	5.52%	5.32%
Revenue Q/Q Growth	-11.82%	-7.50%	-0.52%	30.32%	-15.73%	-16.09%	3.45%	28.13%	-4.79%	-17.07%	6.86%
EBITDA Q/Q Growth	-25.43%	12.09%	-17.51%	82.67%	-35.95%	-8.28%	-5.26%	76.73%	-0.09%	-22.92%	2.65%
EBIT Q/Q Growth	-42.85%	17.49%	-25.08%	157.76%	-53.68%	-9.67%	-8.54%	139.13%	-4.94%	-35.31%	1.25%
NOPAT Q/Q Growth	-48.66%	46.08%	-31.08%	156.73%	-46.72%	-20.71%	-7.97%	111.26%	6.10%	-25.60%	-10.49%
Net Income Q/Q Growth	-55.91%	40.83%	-32.40%	199.61%	-54.89%	-17.74%	-10.14%	155.25%	0.83%	-32.30%	-5.50%
EPS Q/Q Growth	-56.11%	41.67%	-32.47%	200.00%	-54.71%	-17.87%	-10.39%	156.67%	1.12%	-33.08%	-5.00%
Operating Cash Flow Q/Q Growth	-42.85%	-26.03%	195.87%	15.97%	-64.00%	-12.07%	91.37%	29.33%	-44.66%	-5.42%	182.05%
Free Cash Flow Firm Q/Q Growth	-4.15%	-5,240.56%	-116.50%	-30.38%	-44.35%	4.27%	541.44%	159.00%	64.50%	-22.82%	85.75%
Invested Capital Q/Q Growth	-0.05%	19.45%	-2.34%	4.74%	1.07%	-0.39%	-3.87%	1.72%	-0.35%	0.46%	0.64%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	22.35%	28.99%	28.21%	29.40%	19.73%	25.74%	27.04%	27.61%	18.31%	20.20%	23.60%
EBITDA Margin	25.92%	30.65%	25.30%	30.51%	21.76%	29.35%	26.86%	29.32%	21.26%	21.05%	22.65%
Operating Margin	13.85%	21.63%	16.82%	22.52%	11.19%	20.18%	19.16%	21.35%	11.35%	11.05%	14.62%
EBIT Margin	13.69%	21.13%	16.63%	22.09%	11.17%	20.31%	18.87%	21.35%	11.44%	11.46%	14.69%
Profit (Net Income) Margin	7.92%	15.83%	10.40%	15.30%	6.66%	12.44%	12.69%	14.61%	7.33%	6.92%	8.48%
Tax Burden Percent	78.85%	86.58%	70.67%	76.18%	77.08%	68.03%	75.79%	76.33%	86.60%	79.56%	67.96%
Interest Burden Percent	73.32%	86.57%	88.48%	90.96%	77.35%	89.99%	88.70%	89.65%	74.02%	75.96%	84.97%
Effective Tax Rate	20.60%	12.65%	28.89%	23.33%	21.65%	31.32%	23.45%	22.76%	11.89%	18.78%	31.58%
Return on Invested Capital (ROIC)	7.07%	12.03%	8.33%	11.94%	6.34%	10.18%	10.64%	11.61%	7.03%	6.27%	6.89%
ROIC Less NNEP Spread (ROIC-NNEP)	5.76%	10.55%	7.27%	10.81%	5.37%	9.40%	9.37%	10.56%	5.86%	5.31%	6.05%
Return on Net Nonoperating Assets (RNNOA)	2.82%	5.15%	2.78%	5.03%	2.48%	4.38%	4.47%	5.72%	3.23%	2.92%	3.42%
Return on Equity (ROE)	9.89%	17.18%	11.12%	16.97%	8.82%	14.56%	15.10%	17.33%	10.27%	9.19%	10.32%
Cash Return on Invested Capital (CROIC)	-10.37%	-11.50%	6.57%	8.61%	11.85%	13.22%	11.45%	5.68%	4.26%	1.48%	1.87%
Operating Return on Assets (OROA)	6.71%	9.90%	8.49%	11.73%	6.13%	10.99%	9.91%	11.35%	6.08%	6.00%	7.46%
Return on Assets (ROA)	3.88%	7.42%	5.31%	8.13%	3.65%	6.73%	6.66%	7.77%	3.90%	3.63%	4.31%
Return on Common Equity (ROCE)	9.86%	17.13%	11.08%	16.92%	8.79%	14.51%	15.05%	17.27%	10.23%	9.16%	10.28%
Return on Equity Simple (ROE_SIMPLE)	11.55%	0.00%	10.77%	11.90%	12.24%	0.00%	11.11%	10.09%	8.66%	0.00%	8.67%
Net Operating Profit after Tax (NOPAT)	180	350	240	348	135	254	321	348	165	155	209
NOPAT Margin	11.00%	18.89%	11.96%	17.27%	8.76%	13.86%	14.67%	16.49%	10.00%	8.98%	10.01%
Net Nonoperating Expense Percent (NNEP)	1.31%	1.48%	1.07%	1.14%	0.97%	0.78%	1.27%	1.05%	1.17%	0.96%	0.84%
Return On Investment Capital (ROIC_SIMPLE)	1.38%	2.60%	-	-	-	2.23%	-	-	-	1.42%	-
Cost of Revenue to Revenue	77.65%	71.01%	71.80%	70.60%	80.27%	74.26%	72.96%	72.39%	81.69%	79.80%	76.40%
SG&A Expenses to Revenue	8.46%	7.46%	6.44%	6.66%	8.39%	7.77%	6.58%	6.58%	7.11%	7.30%	6.48%
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	8.50%	7.36%	11.38%	6.88%	8.54%	5.56%	7.87%	6.26%	6.96%	9.15%	8.98%
Earnings before Interest and Taxes (EBIT)	224	392	333	445	173	373	413	451	189	198	307
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	424	568	507	615	336	538	587	620	351	365	473
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	3.79	4.18	4.20	4.26	4.82	4.00	3.58	4.13	3.23	3.31	3.01
Price to Tangible Book Value (P/TBV)	12.46	12.99	11.13	12.13	14.37	12.02	10.93	15.98	13.94	14.91	14.29
Price to Revenue (P/Rev)	4.11	4.58	4.47	4.33	4.71	3.85	3.47	3.92	3.04	3.13	2.87
Price to Earnings (P/E)	32.85	37.25	39.11	35.89	39.48	32.09	32.29	40.94	37.30	39.80	34.71
Dividend Yield	0.80%	0.72%	0.72%	0.72%	0.64%	0.76%	0.84%	0.74%	0.96%	0.93%	1.01%
Earnings Yield	3.04%	2.68%	2.56%	2.79%	2.53%	3.12%	3.10%	2.44%	2.68%	2.51%	2.88%
Enterprise Value to Invested Capital (EV/IC)	2.77	3.01	3.34	3.28	3.72	3.15	2.88	3.07	2.45	2.48	2.30
Enterprise Value to Revenue (EV/Rev)	4.73	5.21	4.86	4.77	5.10	4.22	3.93	4.41	3.54	3.65	3.43
Enterprise Value to EBITDA (EV/EBITDA)	16.81	19.09	18.49	17.85	19.31	15.69	16.15	19.08	16.51	16.65	16.01
Enterprise Value to EBIT (EV/EBIT)	25.50	28.81	27.17	25.76	27.80	23.07	24.12	29.19	26.37	27.93	25.60
Enterprise Value to NOPAT (EV/NOPAT)	31.84	36.08	36.85	34.19	37.02	30.32	30.58	38.21	34.61	37.19	33.49
Enterprise Value to Operating Cash Flow (EV/OCF)	23.88	27.43	24.78	25.74	26.30	21.39	20.73	25.12	22.01	23.27	23.81
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	0.00	51.55	38.32	31.12	23.47	24.86	54.64	58.43	171.81	126.12
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.60	0.65	0.42	0.44	0.44	0.52	0.52	0.54	0.55	0.57	0.61
Long-Term Debt to Equity	0.60	0.60	0.42	0.43	0.44	0.52	0.52	0.54	0.55	0.56	0.56
Financial Leverage	0.49	0.49	0.38	0.47	0.46	0.47	0.48	0.54	0.55	0.55	0.57
Leverage Ratio	1.95	2.02	1.89	1.91	1.93	1.99	2.04	2.04	2.05	2.06	2.12
Compound Leverage Factor	1.43	1.75	1.67	1.74	1.49	1.79	1.81	1.83	1.52	1.57	1.80
Debt to Total Capital	37.56%	39.46%	29.67%	30.72%	30.71%	34.06%	34.17%	34.90%	35.61%	36.38%	37.84%
Short-Term Debt to Total Capital	0.00%	2.98%	0.00%	0.86%	0.00%	0.00%	0.00%	0.00%	0.00%	0.92%	2.82%
Long-Term Debt to Total Capital	37.56%	36.48%	29.66%	29.86%	30.70%	34.05%	34.16%	34.89%	35.61%	35.46%	35.01%
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	0.19%	0.18%	0.21%	0.23%	0.23%	0.22%	0.22%	0.21%	0.22%	0.22%	0.21%
Common Equity to Total Capital	62.25%	60.36%	70.12%	69.06%	69.06%	65.73%	65.61%	64.89%	64.17%	63.40%	61.96%
Debt to EBITDA	2.32	2.62	1.71	1.69	1.64	1.85	2.08	2.21	2.44	2.48	2.72
Net Debt to EBITDA	2.22	2.31	1.47	1.62	1.48	1.38	1.87	2.10	2.33	2.36	2.60
Long-Term Debt to EBITDA	2.32	2.42	1.71	1.65	1.64	1.85	2.07	2.21	2.44	2.42	2.52
Debt to NOPAT	4.40	4.95	3.41	3.24	3.15	3.58	3.93	4.43	5.11	5.53	5.69
Net Debt to NOPAT	4.20	4.36	2.93	3.11	2.84	2.67	3.55	4.20	4.88	5.27	5.44
Long-Term Debt to NOPAT	4.40	4.58	3.41	3.15	3.15	3.58	3.93	4.43	5.11	5.39	5.26
Altman Z-Score	3.18	3.28	4.27	4.25	4.55	3.76	3.44	3.67	2.99	2.93	2.63
Noncontrolling Interest Sharing Ratio	0.31%	0.31%	0.32%	0.33%	0.33%	0.33%	0.33%	0.34%	0.34%	0.34%	0.35%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Current Ratio	2.42	1.83	2.86	2.48	2.74	3.17	3.13	2.58	2.37	1.99	1.71
Quick Ratio	1.39	1.17	1.87	1.47	1.69	2.28	1.76	1.67	1.47	1.26	0.98
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	-2,147	-2,061	-39	234	336	571	547	85	-145	-407	-332
Operating Cash Flow to CapEx	167.33%	388.10%	627.64%	106.29%	114.53%	349.24%	178.99%	201.69%	115.14%	247.92%	319.82%
Free Cash Flow to Firm to Interest Expense	-35.96	0.00	-1.01	5.82	0.00	0.00	11.75	1.83	0.00	0.00	0.00
Operating Cash Flow to Interest Expense	4.21	0.00	15.49	5.00	0.00	0.00	11.75	6.13	0.00	0.00	0.00
Operating Cash Flow Less CapEx to Interest Expense	1.70	0.00	13.03	0.30	0.00	0.00	5.19	3.09	0.00	0.00	0.00
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.49	0.47	0.51	0.53	0.55	0.54	0.53	0.53	0.53	0.52	0.51
Accounts Receivable Turnover	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	7.77	6.69
Inventory Turnover	7.96	8.35	8.97	9.03	9.29	9.76	10.52	10.47	10.51	10.46	10.68
Fixed Asset Turnover	1.03	1.01	1.18	1.21	1.25	1.27	1.27	1.28	1.26	1.26	1.25
Accounts Payable Turnover	16.12	13.59	14.28	15.42	16.57	13.81	13.05	13.89	15.34	14.04	12.59
Days Sales Outstanding (DSO)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	47.00	54.59
Days Inventory Outstanding (DIO)	45.84	43.70	40.69	40.43	39.28	37.38	34.69	34.88	34.73	34.89	34.17
Days Payable Outstanding (DPO)	22.64	26.86	25.57	23.66	22.03	26.43	27.97	26.28	23.79	25.99	28.99
Cash Conversion Cycle (CCC)	23.21	16.84	15.13	16.76	17.26	10.95	6.72	8.59	10.94	55.90	59.77
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	12,843	12,849	10,757	11,015	10,516	10,438	10,479	10,901	10,717	10,755	10,706
Invested Capital Turnover	0.64	0.64	0.70	0.69	0.72	0.73	0.73	0.70	0.70	0.70	0.69
Increase / (Decrease) in Invested Capital	2,326	2,411	278	114	-201	-317	-227	263	310	563	541
Enterprise Value (EV)	35,530	38,669	35,960	36,135	39,156	32,872	30,166	33,415	26,280	26,718	24,653
Market Capitalization	30,821	33,970	33,072	32,826	36,131	29,950	26,642	29,717	22,550	22,912	20,623
Book Value per Share	$61.57	$61.48	$59.59	$58.26	$56.59	$56.32	$56.00	$54.13	$52.54	$52.13	$51.59
Tangible Book Value per Share	$18.72	$19.81	$22.50	$20.46	$18.99	$18.75	$18.34	$13.98	$12.17	$11.56	$10.86
Total Capital	13,067	13,450	11,223	11,158	10,848	11,386	11,340	11,100	10,888	10,928	11,066
Total Debt	4,908	5,307	3,330	3,427	3,331	3,878	3,875	3,874	3,877	3,976	4,187
Total Long-Term Debt	4,908	4,907	3,329	3,332	3,331	3,877	3,874	3,873	3,877	3,875	3,874
Net Debt	4,684	4,675	2,864	3,284	3,000	2,897	3,499	3,674	3,706	3,782	4,007
Capital Expenditures (CapEx)	150	113	95	189	151	138	306	142	192	161	132
Debt-free, Cash-free Net Working Capital (DFCFNWC)	937	826	1,005	1,164	912	779	1,493	1,083	896	884	1,137
Debt-free Net Working Capital (DFNWC)	1,130	1,427	1,439	1,275	1,212	1,728	1,838	1,251	1,036	1,046	1,283
Net Working Capital (NWC)	1,129	1,027	1,439	1,180	1,211	1,727	1,837	1,250	1,036	945	971
Net Nonoperating Expense (NNE)	50	57	31	39	33	26	43	40	44	36	32
Net Nonoperating Obligations (NNO)	4,684	4,707	2,864	3,284	3,000	2,930	3,014	3,674	3,706	3,802	3,827
Total Depreciation and Amortization (D&A)	200	177	174	170	164	166	175	169	162	166	166
Debt-free, Cash-free Net Working Capital to Revenue	12.48%	11.14%	13.58%	15.35%	11.87%	10.01%	19.43%	14.28%	12.07%	12.09%	15.81%
Debt-free Net Working Capital to Revenue	15.05%	19.24%	19.45%	16.82%	15.78%	22.20%	23.93%	16.50%	13.96%	14.30%	17.85%
Net Working Capital to Revenue	15.04%	13.84%	19.45%	15.56%	15.78%	22.20%	23.92%	16.49%	13.95%	12.92%	13.50%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$0.97	$2.21	$1.57	$2.33	$0.78	$1.71	$2.08	$2.32	$0.91	$0.90	$1.33
Adjusted Weighted Average Basic Shares Outstanding	132.40M	132.30M	132.20M	132.40M	132.40M	133M	133M	133.20M	133.20M	133M	133M
Adjusted Diluted Earnings per Share	$0.97	$2.21	$1.56	$2.31	$0.77	$1.70	$2.07	$2.31	$0.90	$0.89	$1.33
Adjusted Weighted Average Diluted Shares Outstanding	133M	133.10M	133M	133.10M	133.10M	133.70M	133.70M	133.80M	133.70M	133.60M	133.60M
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	132.10M	132.11M	132.06M	132.06M	132.25M	132.23M	132.87M	132.87M	133.06M	132.97M	132.91M
Normalized Net Operating Profit after Tax (NOPAT)	174	309	301	345	135	217	339	336	163	170	239
Normalized NOPAT Margin	10.64%	16.64%	15.03%	17.12%	8.73%	11.85%	15.51%	15.88%	9.91%	9.81%	11.45%
Pre Tax Income Margin	10.04%	18.29%	14.72%	20.09%	8.64%	18.28%	16.74%	19.13%	8.47%	8.70%	12.48%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	3.75	0.00	8.68	11.07	0.00	0.00	8.85	9.66	0.00	0.00	0.00
NOPAT to Interest Expense	3.01	0.00	6.24	8.65	0.00	0.00	6.88	7.46	0.00	0.00	0.00
EBIT Less CapEx to Interest Expense	1.23	0.00	6.21	6.36	0.00	0.00	2.29	6.62	0.00	0.00	0.00
NOPAT Less CapEx to Interest Expense	0.49	0.00	3.77	3.95	0.00	0.00	0.31	4.42	0.00	0.00	0.00
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	26.63%	26.96%	28.67%	25.92%	25.52%	24.52%	27.18%	30.38%	35.78%	36.88%	35.10%
Augmented Payout Ratio	36.00%	34.50%	54.49%	49.80%	49.38%	45.91%	33.22%	37.25%	35.78%	36.88%	35.10%

Frequently Asked Questions About Vulcan Materials' Financials

When does Vulcan Materials's fiscal year end?

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

How has Vulcan Materials' net income changed over the last 9 years?

Vulcan Materials' net income appears to be on an upward trend, with a most recent value of $913.10 million in 2024, rising from $221.18 million in 2015. The previous period was $934.90 million in 2023. View Vulcan Materials' forecast to see where analysts expect Vulcan Materials to go next.

What is Vulcan Materials's operating income?

Vulcan Materials's total operating income in 2024 was $1.36 billion, based on the following breakdown:

Total Gross Profit: $2.00 billion
Total Operating Expenses: $635.10 million

How has Vulcan Materials revenue changed over the last 9 years?

Over the last 9 years, Vulcan Materials' total revenue changed from $3.42 billion in 2015 to $7.42 billion in 2024, a change of 116.8%.

How much debt does Vulcan Materials have?

Vulcan Materials' total liabilities were at $8.96 billion at the end of 2024, a 27.3% increase from 2023, and a 132.9% increase since 2015.

How much cash does Vulcan Materials have?

In the past 9 years, Vulcan Materials' cash and equivalents has ranged from $40.04 million in 2018 to $1.20 billion in 2020, and is currently $559.70 million as of their latest financial filing in 2024.

How has Vulcan Materials' book value per share changed over the last 9 years?

Over the last 9 years, Vulcan Materials' book value per share changed from 33.41 in 2015 to 61.48 in 2024, a change of 84.0%.

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This page (NYSE:VMC) was last updated on 5/28/2025 by MarketBeat.com Staff

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Vulcan Materials (VMC) Financials

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Vulcan Materials (VMC) Financials

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