Vulcan Materials Company (VMC) Financial Ratios
30 years of historical data (1996–2025) · Basic Materials · Construction Materials
EV/EBITDA
↓
19.19
+1% vs avg
5yr avg: 19.02
30Y Low5.7·High23.3
P/FCF
↓
34.79
↓-19% vs avg
5yr avg: 42.89
30Y Low11.1·High94.2
P/B Ratio
↑
4.70
+16% vs avg
5yr avg: 4.05
30Y Low1.3·High4.5
ROE
↑
13.0%
↓+14% vs avg
5yr avg: 11.3%
30Y Low-2%·High24%
Debt/EBITDA
↓
2.32
↓-14% vs avg
5yr avg: 2.70
30Y Low0.2·High7.6
Percentile shows where the current value sits in 30-year historical distribution. Sparklines show 5-year trend.
VMC Valuation Multiples
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
Vulcan Materials Company trades at 37.5x earnings, roughly in line with its 5-year average of 37.4x, sitting at the 75th percentile of its historical range. Compared to the Basic Materials sector median P/E of 23.4x, the stock trades at a premium of 60%. On a free-cash-flow basis, the stock trades at 34.8x P/FCF, 19% below the 5-year average of 42.9x.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Market Cap | $39.5B | $37.6B | $34.2B | $30.4B | $23.4B | $27.7B | $19.8B | $19.2B | $13.2B | $17.3B | $17.0B |
| Enterprise Value | $44.7B | $42.9B | $39.5B | $33.8B | $27.8B | $32.0B | $22.3B | $22.1B | $16.1B | $20.0B | $18.7B |
| P/E Ratio → | 37.49 | 35.13 | 37.55 | 32.52 | 40.63 | 41.35 | 33.78 | 31.10 | 25.66 | 28.78 | 40.50 |
| P/S Ratio | 4.98 | 4.74 | 4.62 | 3.90 | 3.20 | 4.99 | 4.07 | 3.90 | 3.02 | 4.45 | 4.73 |
| P/B Ratio | 4.70 | 4.40 | 4.20 | 4.04 | 3.37 | 4.22 | 3.28 | 3.42 | 2.54 | 3.48 | 3.72 |
| P/FCF | 34.79 | 33.15 | 42.47 | 45.70 | 43.68 | 49.43 | 27.91 | 32.01 | 36.38 | 93.53 | 57.72 |
| P/OCF | 21.79 | 20.76 | 24.29 | 19.75 | 20.38 | 27.39 | 18.46 | 19.52 | 15.89 | 26.86 | 26.36 |
P/E links to full P/E history page with 30-year chart
VMC EV Ratios
Enterprise-value multiples — capital-structure-neutral measures of total business value
Vulcan Materials Company's enterprise value stands at 19.2x EBITDA, roughly in line with its 5-year average of 19.0x. The Basic Materials sector median is 11.0x, placing the stock at a 75% premium on an enterprise-value basis.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| EV / Revenue | — | 5.40 | 5.33 | 4.34 | 3.79 | 5.76 | 4.58 | 4.48 | 3.67 | 5.15 | 5.21 |
| EV / EBITDA | 19.19 | 18.39 | 19.93 | 16.65 | 18.20 | 21.91 | 17.22 | 17.66 | 14.72 | 21.19 | 19.69 |
| EV / EBIT | 28.10 | 23.42 | 28.98 | 23.46 | 29.00 | 31.28 | 25.29 | 24.90 | 21.15 | 30.49 | 27.47 |
| EV / FCF | — | 37.75 | 49.01 | 50.90 | 51.82 | 57.08 | 31.42 | 36.84 | 44.28 | 108.19 | 63.57 |
VMC Profitability
Margins and return-on-capital ratios measuring operating efficiency
Vulcan Materials Company earns an operating margin of 20.1%, above the Basic Materials sector average of 10.3%. Operating margins have expanded from 18.3% to 20.1% over the past 3 years, signaling improving operational efficiency. ROE of 13.0% is modest. ROIC of 8.8% represents adequate returns on invested capital.
Margins
Full margin charts and quarterly trend are on the Earnings History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 27.3% | 27.3% | 27.0% | 25.0% | 21.3% | 24.7% | 26.4% | 25.5% | 25.1% | 25.5% | 27.5% |
| Operating Margin | 20.1% | 20.1% | 18.4% | 18.3% | 13.0% | 18.2% | 18.4% | 17.8% | 17.1% | 16.4% | 18.5% |
| Net Profit Margin | 13.6% | 13.6% | 12.3% | 12.0% | 7.9% | 12.1% | 12.0% | 12.5% | 11.8% | 15.5% | 11.7% |
Return on Capital
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 13.0% | 13.0% | 11.7% | 12.9% | 8.5% | 10.7% | 10.0% | 11.4% | 10.1% | 12.6% | 9.3% |
| ROA | 6.4% | 6.4% | 5.8% | 6.5% | 4.1% | 5.3% | 5.2% | 6.0% | 5.3% | 6.7% | 5.0% |
| ROIC | 8.8% | 8.8% | 8.4% | 9.6% | 6.4% | 7.8% | 7.9% | 7.9% | 7.1% | 6.9% | 8.0% |
| ROCE | 10.1% | 10.1% | 9.2% | 10.6% | 7.3% | 8.6% | 8.6% | 9.1% | 8.2% | 7.5% | 8.3% |
VMC Leverage & Debt
Solvency and debt-coverage ratios — lower is generally safer
Vulcan Materials Company carries a Debt/EBITDA ratio of 2.3x, which is manageable (roughly in line with the sector average of 2.4x). Net debt stands at $5.2B ($5.4B total debt minus $183M cash). Interest coverage of 3.9x is adequate, though a cyclical earnings downturn could tighten the margin of safety.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 0.63 | 0.63 | 0.72 | 0.58 | 0.65 | 0.69 | 0.61 | 0.56 | 0.56 | 0.57 | 0.43 |
| Debt / EBITDA | 2.32 | 2.32 | 2.94 | 2.16 | 2.97 | 3.10 | 2.85 | 2.53 | 2.66 | 3.02 | 2.09 |
| Net Debt / Equity | — | 0.61 | 0.65 | 0.46 | 0.63 | 0.65 | 0.41 | 0.52 | 0.55 | 0.55 | 0.38 |
| Net Debt / EBITDA | 2.24 | 2.24 | 2.66 | 1.70 | 2.86 | 2.94 | 1.93 | 2.32 | 2.63 | 2.87 | 1.81 |
| Debt / FCF | — | 4.60 | 6.54 | 5.20 | 8.15 | 7.65 | 3.52 | 4.83 | 7.90 | 14.66 | 5.85 |
| Interest Coverage | 3.92 | 3.92 | 7.13 | 7.35 | 5.66 | 6.85 | 6.47 | 6.82 | 5.52 | 2.22 | 5.08 |
VMC Liquidity & Efficiency
Short-term solvency ratios and asset-utilisation metrics
Vulcan Materials Company's current ratio of 2.69x is well above the 1.0 safety threshold, indicating strong short-term liquidity with ample room to cover current liabilities. The quick ratio of 1.97x is notably lower than the current ratio, indicating a significant portion of current assets is tied up in inventory. The current ratio has declined from 3.17x to 2.69x over the past 3 years.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 2.69 | 2.69 | 1.83 | 3.17 | 1.99 | 2.20 | 2.17 | 2.58 | 1.79 | 2.66 | 3.01 |
| Quick Ratio | 1.97 | 1.97 | 1.28 | 2.39 | 1.38 | 1.52 | 1.74 | 1.72 | 1.08 | 1.80 | 2.08 |
| Cash Ratio | 0.19 | 0.19 | 0.45 | 1.17 | 0.17 | 0.31 | 1.14 | 0.51 | 0.07 | 0.32 | 0.70 |
| Asset Turnover | — | 0.48 | 0.43 | 0.53 | 0.51 | 0.41 | 0.42 | 0.46 | 0.45 | 0.41 | 0.42 |
| Inventory Turnover | 8.47 | 8.47 | 7.95 | 9.48 | 9.94 | 8.02 | 7.97 | 8.01 | 7.64 | 7.54 | 7.53 |
| Days Sales Outstanding | — | 40.84 | 43.91 | 41.73 | 52.16 | 55.14 | 41.81 | 42.22 | 45.04 | 55.20 | 49.97 |
VMC Shareholder Yields
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
Vulcan Materials Company returns 1.8% to shareholders annually — split between a 0.6% dividend yield and 1.1% buyback yield. The payout ratio of 24.0% is conservative, leaving significant room for dividend growth or reinvestment. The earnings yield of 2.7% (inverse of P/E) provides a useful comparison to bond yields when assessing the stock's relative attractiveness to fixed income.
Dividends
Full dividend history and growth charts are on the Dividend History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend Yield | 0.6% | 0.7% | 0.7% | 0.8% | 0.9% | 0.7% | 0.9% | 0.9% | 1.1% | 0.8% | 0.6% |
| Payout Ratio | 24.0% | 24.0% | 26.8% | 24.5% | 36.9% | 29.3% | 30.8% | 26.5% | 28.7% | 22.0% | 25.3% |
Total Shareholder Return Metrics
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | 2.7% | 2.8% | 2.7% | 3.1% | 2.5% | 2.4% | 3.0% | 3.2% | 3.9% | 3.5% | 2.5% |
| FCF Yield | 2.9% | 3.0% | 2.4% | 2.2% | 2.3% | 2.0% | 3.6% | 3.1% | 2.7% | 1.1% | 1.7% |
| Buyback Yield | 1.1% | 1.2% | 0.2% | 0.7% | 0.1% | 0.1% | 0.1% | 0.0% | 1.0% | 0.3% | 1.0% |
| Total Shareholder Yield | 1.8% | 1.9% | 0.9% | 1.4% | 1.0% | 0.8% | 1.0% | 0.9% | 2.1% | 1.1% | 1.6% |
| Shares Outstanding | — | $132M | $133M | $134M | $134M | $134M | $133M | $133M | $134M | $135M | $136M |
Peer Comparison
Compare VMC with 10 similar companies in its peer group
| Company | Market Cap | P/E | EV/EBITDA | P/FCF | Gross Margin | Op Margin | ROE | ROIC | Debt/EBITDA |
|---|---|---|---|---|---|---|---|---|---|
 VMCYou | $39B | 37.5 | 19.2 | 34.8 | 27.3% | 20.1% | 13.0% | 8.8% | 2.3 |
 MLM | $37B | 32.4 | 19.5 | 37.6 | 30.0% | 23.3% | 11.7% | 7.6% | 2.5 |
 CRH | $74B | 20.2 | 12.0 | 29.5 | 36.1% | 14.2% | 15.7% | 10.7% | 2.6 |
 USLM | $3B | 23.8 | 15.4 | 31.2 | 48.8% | 42.4% | 23.8% | 48.5% | 0.0 |
 MDU | $4B | 22.8 | 14.4 | — | 21.6% | 15.5% | 7.0% | 4.2% | 5.5 |
 EXP | $7B | 17.0 | 14.0 | 35.0 | 28.3% | 24.3% | 28.9% | 14.8% | 3.0 |
 BCPC | $5B | 34.9 | 20.6 | 30.6 | 35.7% | 21.1% | 12.9% | 12.2% | 0.7 |
 RMBS | $15B | 66.5 | 51.7 | 45.6 | 76.0% | 36.8% | 18.5% | 17.1% | 0.1 |
 CAT | $476B | 54.3 | 37.8 | 46.3 | 32.3% | 16.6% | 43.5% | 15.9% | 3.2 |
 CMI | $100B | 35.4 | 21.2 | 42.0 | 25.3% | 11.5% | 23.0% | 16.1% | 1.6 |
 URI | $68B | 28.3 | 11.9 | 103.4 | 35.4% | 24.7% | 28.4% | 12.4% | 2.3 |
| Basic Materials Median | — | 23.4 | 11.0 | 28.7 | 30.9% | 10.3% | -0.0% | 4.6% | 2.4 |
Peer selection based on competitive and market overlap. Compare multiple stocks →
Download Financial Ratios Data
Includes 30+ ratios · 30 years · Updated daily
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VMC — Frequently Asked Questions
Quick answers to the most common questions about buying VMC stock.
What is Vulcan Materials Company's P/E ratio?
Vulcan Materials Company's current P/E ratio is 37.5x. The historical average is 28.2x. This places it at the 75th percentile of its historical range.
What is Vulcan Materials Company's EV/EBITDA?
Vulcan Materials Company's current EV/EBITDA is 19.2x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 14.7x.
What is Vulcan Materials Company's ROE?
Vulcan Materials Company's return on equity (ROE) is 13.0%. The historical average is 10.8%.
Is VMC stock overvalued?
Based on historical data, Vulcan Materials Company is trading at a P/E of 37.5x. This is at the 75th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
What is Vulcan Materials Company's dividend yield?
Vulcan Materials Company's current dividend yield is 0.65% with a payout ratio of 24.0%.
What are Vulcan Materials Company's profit margins?
Vulcan Materials Company has 27.3% gross margin and 20.1% operating margin. Operating margin above 20% indicates strong pricing power and cost efficiency.
How much debt does Vulcan Materials Company have?
Vulcan Materials Company's Debt/EBITDA ratio is 2.3x, indicating moderate leverage. A ratio between 2-4x is manageable but warrants monitoring.