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MLMMartin Marietta Materials, Inc.
$499.34$30.0B
Overview & Tools
OverviewChart Terminal ↗Visualize
Valuation & Forecasts
Valuation ModelsEstimatesDCF Model
Price & Analyst Data
Analyst TargetsPrice History
Financial Statements
Income StatementBalance SheetCash FlowRatios & Margins
Performance
P/E HistoryRevenue HistoryEarnings HistoryDividend HistoryTotal Return
Discovery & Screens
Live BreakoutsStock ScreenerOwnership
MLM logo

Martin Marietta Materials, Inc.

MLM
NYSE · Construction Materials
$499.34
At close - Sep 22, 4:00 PM EDT - USD
Market Cap$29.98B
P/E26.6x
52W High$710.97
Volume708.15K
OverviewTerminalAnalysisFinancialsValuationEarningsBreakoutsOwnership
VCP Research Verdict2026Q2

Margin Compression and Cash Flow Volatility Cloud Aggregates Growth

Martin Marietta's acquisition-driven expansion has grown total assets 31% to $21.3B since 2024Q1, but the strategy is straining near-term profitability and cash generation. Gross margin fell to 25.4% in 2026Q2 from 30.0% a year earlier, while operating margin ...

GrowthStable
ProfitabilityModerate
ValuationAttractive
TechnicalsWeak
Explore valuation models
MARKET ACTION

MLM price & volume

Price trend, volume and key moving averages

Launch Terminal
Loading chart...
Decision Checklist4 Core Signals

What matters now

The signals most likely to change the investment case.

01

Earnings momentum

8/12 Beats

EPS beat 8 of last 12 quarters

02

Valuation risk

In Line

P/E is in line with peer median

03

Market leadership

RS 25 · Lag

Laggard (Underperforming 75% of market)

04

Weak Trend

Below 200DMA

Price < 200DMA

Next CatalystEstimated earnings · Oct 30
01

Build the investment case

Start with the evidence for owning the stock and the risks that can break the thesis.

EXECUTIVE THESIS

The Investment Case

Full Analysis
Fundamental Trajectory

Revenue growth of 7.5% in 2026Q2 was price-led, but gross margin contracted to 25.4% from 30.0% year-over-year, and EPS fell 23.2%, indicating fading operating leverage and cost headwinds.

Analyst Consensus+29.8% target
Buy(40 analysts)
25 Buy15 Hold0 Sell

The Bull Case

Upside Catalysts

Strong revenue growth

Martin Marietta Materials reported rising sales to US$1,534 million for the quarter and US$6.15 billion for the year, indicating robust business performance.

Long-term demand visibility

The company's positioning supports visibility into long-term demand for aggregates and related materials, ensuring sustained revenue and earnings growth.

Structural advantages

Martin Marietta benefits from structural advantages that underscore its quality and earnings durability, despite short-term market volatility.

The Bear Case

Key Downside Risks

Market performance

Price History →

Trailing total returns as of 9/23/2026, which may include dividends or other distributions. Benchmark is S&P 500 (^GSPC).

YTD Return
MLM-20.90%
S&P 500 (^GSPC)+13.20%
1-Year Return
MLM-18.90%
S&P 500 (^GSPC)+15.98%
3-Year Return
MLM+25.22%
S&P 500 (^GSPC)+79.65%
5-Year Return
MLM+46.77%
S&P 500 (^GSPC)+73.56%
02

Test the fundamentals

Check whether operating performance supports the current valuation.

VALUATION & INTRINSIC VALUE

Valuation Scenarios

Valuation Analysis
Trailing P/EMedian
26.6x
Forward P/E
27.6x
EV/EBITDA40th %ile
16.3x
FCF YieldCash Flow
3.3%

Valuation vs 5-Year History

Multiple Range
Metric
Current
5Y Median
Historical Range
Percentile
P/E
26.6x
26.5x
60th· Fair
EV/EBITDA
16.3x
16.3x
40th· Fair
Price/FCF
30.7x
38.6x
0th· Low
Current Multiple
5Y Median (50th %ile)

Intrinsic Value Scenarios

DCF Projection
Bear$185.33-62.9%
Base (Fair)$418.69-14.7%
Bull$606.57+21.5%
$185.33 Bear$418.69 Base$606.57 Bull
Current Market Price: $499.34
Trades at a 19.3% premium to Base DCF ($418.69)
Open DCF & Valuation Models →Chart Terminal ↗

Growth & profitability

Annual revenue & EPS trend
Revenue
$6.54B+0.1% YoY
Net income
$1.14B-43.0% YoY
Free cash flow
$978M+61.9% YoY
Operating margin
23.3%-18.2 pts YoY
ROIC (TTM)7.6%
Avg ROIC 5Y-
ROE (TTM)11.7%
Piotroski Score7 / 9
Financial Statements →
03

Monitor what changed

Recent results and news deserve attention only when they alter the forward view.

OPERATING RESULTS

Recent Earnings

Earnings History
EPS Beat Rate8/12 (67%)
Revenue Beat Rate2/12 (17%)
QuarterEPS (Act vs Est)Revenue (Act vs Est)
Q3 2026Latest
Jul 30, 2026
$5.00+5.0%
vs $4.76
$1.9B+4.1%
vs $1.9B
Q2 2026
Apr 30, 2026
$1.93+8.4%
vs $1.78
$1.4B+3.7%
vs $1.3B
Q1 2026
Feb 11, 2026
$3.85-19.5%
vs $4.78
$1.5B-7.0%
vs $1.6B
Q4 2025
Nov 4, 2025
$5.97-11.2%
vs $6.72
$1.8B-10.7%
vs $2.1B
Historical baseline: 12 quarters analyzedGAAP / Adjusted
MARKET COVERAGE

Latest News

5 Stories
247 Wallst·Sep 9, 2026
Here Are Tuesday’s Top Wall Street Analyst Research Calls: Abercrombie & Fitch, Affirm Holdings, Eagle Materials, Klarna Group, Martin Marietta Materials, Oklo, Qualcomm, Robinhood Markets, Ulta Beauty, and More

Stocks took a beating Tuesday as surging oil prices and looming inflation data rattled every corner of the market, and now Wall Street analysts are reshuffling their calls on names ranging from nuclear energy upstart Oklo to retail giants Abercrombie and Ulta Beauty.

Defense World·Sep 8, 2026
Martin Marietta Materials, Inc. $MLM Shares Purchased by Hsbc Holdings PLC

Hsbc Holdings PLC raised its holdings in Martin Marietta Materials, Inc. (NYSE: MLM) by 6.6% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 118,981 shares of the construction company's stock after acquiring an additional 7,361 shares during the quarter. Hsbc Holdings

247 Wallst·Sep 2, 2026
Here Are Wednesday’s Top Wall Street Analyst Research Calls: Ally Financial, GitLab, GLOBAL FOUNDRIES, Martin Marietta Materials, Rocket Lab USA, Strategy, Toast, Tower Semiconductor, and More

Markets took a beating Tuesday as war tensions, surging oil, and the September curse hammered stocks, bonds, and gold all at once. Find out which stocks Wall Street upgraded, downgraded, or initiated fresh coverage on as analysts scramble to reposition heading into a brutal stretch.

Defense World·Aug 31, 2026
Caisse de depot et placement du Quebec Makes New $663,000 Investment in Martin Marietta Materials, Inc. $MLM

Caisse de depot et placement du Quebec bought a new position in Martin Marietta Materials, Inc. (NYSE: MLM) in the undefined quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm bought 1,149 shares of the construction company's stock, valued at approximately $663,000. Several

Filtered for Martin Marietta Materials, Inc.More Headlines
04

Compare before deciding

Benchmark MLM against direct peers instead of judging its metrics in isolation.

Peers Comparison

Key metrics vs top competitors for Martin Marietta Materials, Inc. (MLM)

Full Screener →
CompanyPriceMarket CapP/E RatioRev Growth (1Y)Net MarginROEDiv Yield
MLM logoMLMMartin Marietta Materials, Inc.Current
$499.34$29.98B26.560.12%17.37%11.67%0.65%
VMC logoVMCVulcan Materials Company
$247.87$32.16B30.536.94%13.82%13.07%—
USLM logoUSLMUnited States Lime & Minerals, Inc.
$113.78$3.26B24.3617.31%35.66%20.76%—
MDU logoMDUMDU Resources Group, Inc.
$18.56$3.88B19.966.66%10.75%6.95%—
CRH logoCRHCRH plc
$88.04$58.83B15.989.01%9.35%22.44%—
EXP logoEXPEagle Materials Inc.
$183.16$5.62B13.962.13%17.32%26.87%—

Compare MLM vs Peers

Martin Marietta Materials, Inc. (MLM) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.

Closest Rival

vs VMC

Most directly comparable listed peer for MLM.

Scale Benchmark

vs CAT

Larger-name benchmark to compare MLM against a more recognizable public peer.

Peer Set

Compare Top 5

vs VMC, USLM, MDU, CRH

05

Keep researching

Verify the primary filings, follow material updates, and answer the remaining questions.

MLM SEC Filings & Documents

Martin Marietta Materials, Inc. (MLM) SEC filings — annual & quarterly reports (10-K, 10-Q)

8-K Announcements

6
Material company update

Aug 18, 2026·SEC

Material company update

Aug 14, 2026·SEC

Material company update

Aug 12, 2026·SEC

10-K Annual Reports

2
FY 2026

Feb 19, 2026·SEC

FY 2025

Feb 21, 2025·SEC

10-Q Quarterly Reports

6
FY 2026

Jul 30, 2026·SEC

FY 2026

Apr 30, 2026·SEC

FY 2025

Nov 4, 2025·SEC

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MLM Frequently Asked Questions

Martin Marietta Materials, Inc. (MLM) stock FAQ — growth, dividends, profitability & financials explained

Growth & Financials
What is Martin Marietta Materials, Inc.'s revenue?

Martin Marietta Materials, Inc. (MLM) reported $6.69B in revenue for fiscal year 2025. This represents a 827% increase from $721.9M in 1996.

How fast is Martin Marietta Materials, Inc. growing?

Martin Marietta Materials, Inc. (MLM) grew revenue by 0.1% over the past year. Growth has been modest.

Is MLM profitable?

Yes, Martin Marietta Materials, Inc. (MLM) is profitable, generating $2.46B in net income for fiscal year 2025 (17.4% net margin).

Dividend & Returns
Does MLM pay dividends?

Yes, Martin Marietta Materials, Inc. (MLM) pays a dividend with a yield of 0.65%. This makes it attractive for income-focused investors.

What is MLM's return on equity?

Martin Marietta Materials, Inc. (MLM) has a return on equity (ROE) of 11.7%. This is reasonable for most industries.

What is Martin Marietta Materials, Inc.'s free cash flow?

Martin Marietta Materials, Inc. (MLM) generated $810.0M in free cash flow for fiscal year 2025. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.

What if you invested $1,000 in MLM back in 1996?

Total return calculator · dividends reinvested · 30+ years of data

See returns →