Vulcan Materials' aggregates franchise continues to demonstrate pricing power, with gross margins holding at 29.0% in Q2 2026 despite energy and labor cost pressures. The company's strategic acquisitions and elevated capex (9.0% of revenue) are expanding its a...
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Revenue growth stabilized at 2.5% in Q2 2026, with gross margin resilient at 29.0% despite COGS rising to 71.0% of revenue, though operating margin contracted to 19.7% from 22.4% a year earlier.
Vulcan is the top supplier of aggregates in the U.S., with high-quality reserves in key growth markets.
Strong demand for construction materials supports Vulcan's growth, driven by infrastructure projects like highways and data centers.
The company benefits from pricing power and operational efficiencies, enhancing profitability and cash gross profit per ton.
Trailing total returns as of 10/3/2026, which may include dividends or other distributions. Benchmark is S&P 500 (^GSPC).
Check whether operating performance supports the current valuation.
Recent results and news deserve attention only when they alter the forward view.
| Quarter | EPS (Act vs Est) | Revenue (Act vs Est) |
|---|---|---|
Q3 2026Latest Jul 29, 2026 | $2.59+5.3% vs $2.46 | $2.2B+0.7% vs $2.1B |
Q2 2026 Apr 29, 2026 | $1.35+22.7% vs $1.10 | $1.8B+7.1% vs $1.6B |
Q1 2026 Feb 17, 2026 | $1.70-19.4% vs $2.11 | $1.9B-2.3% vs $2.0B |
Q4 2025 Oct 30, 2025 | $2.84+4.0% vs $2.73 | $2.3B+0.7% vs $2.3B |
AI data center growth is driving demand for copper, concrete, and cooling. Freeport-McMoRan, Vulcan Materials, and Vertiv are well positioned to benefit.
Vulcan Materials remains the dominant U.S. producer of construction aggregates, benefiting from secular demand and high barriers to entry. Q2 2026 results reinforced the thesis: revenue rose 2.6% to $2.16B, with adjusted EPS up 5.7% to $2.59, beating the consensus. VMC trades at a forward P/E of 27.39, below its 10-year average, with a fair value estimate of $337 per share and potential for 31% total return by 2027.
Vulcan Materials Company is positioned as a high-margin, infrastructure-focused 'picks and shovels' play within the Heavy Assets, Low Obsolescence, or HALO, theme. Aggregates drive 90% of VMC's gross profit, with a 72.7-year reserve life and a focus on unit profitability, evidenced by a 45% increase in cash gross profit per ton since 2022. VMC management targets a doubling of EBITDA in five to six years via M&A, greenfield expansion, and steady per-ton margin growth, despite cyclical construction demand risks.
Amundi decreased its position in shares of Vulcan Materials Company (NYSE: VMC) by 17.8% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 407,298 shares of the construction company's stock after selling 88,105 shares during the period. Amundi
Benchmark VMC against direct peers instead of judging its metrics in isolation.
Key metrics vs top competitors for Vulcan Materials Company (VMC)
| Company | Price | Market Cap | P/E Ratio | Rev Growth (1Y) | Net Margin | ROE | Div Yield |
|---|---|---|---|---|---|---|---|
| $243.06 | $31.54B | 29.93 | 6.94% | 13.63% | 12.95% | 0.81% | |
| $482.49 | $28.97B | 25.66 | 0.12% | 36.81% | 23.11% | — | |
| $81.94 | $54.75B | 14.87 | 9.01% | 9.35% | 22.44% | — | |
| $111.01 | $3.18B | 23.77 | 17.31% | 35.66% | 20.76% | — | |
| $18.61 | $3.89B | 20.01 | 6.66% | 10.75% | 6.95% | — | |
| $171.36 | $5.26B | 13.06 | 2.13% | 17.32% | 26.87% | — |
Vulcan Materials Company (VMC) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
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Vulcan Materials Company (VMC) SEC filings — annual & quarterly reports (10-K, 10-Q)
Jul 29, 2026·SEC
Jul 27, 2026·SEC
May 11, 2026·SEC
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Vulcan Materials Company (VMC) stock FAQ — growth, dividends, profitability & financials explained
Vulcan Materials Company (VMC) reported $8.11B in revenue for fiscal year 2025. This represents a 417% increase from $1.57B in 1996.
Vulcan Materials Company (VMC) grew revenue by 6.9% over the past year. This is steady growth.
Yes, Vulcan Materials Company (VMC) is profitable, generating $1.12B in net income for fiscal year 2025 (13.6% net margin).
Yes, Vulcan Materials Company (VMC) pays a dividend with a yield of 0.81%. This makes it attractive for income-focused investors.
Vulcan Materials Company (VMC) has a return on equity (ROE) of 13.0%. This is reasonable for most industries.
Vulcan Materials Company (VMC) generated $1.03B in free cash flow for fiscal year 2025. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.
