Vulcan Materials Company (VMC) quarterly income statement — complete revenue, gross profit & net income history
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 | Q1'22 | Q4'21 | Q3'21 | Q2'21 |
|---|
| Sales/Revenue | 1.76B | 1.91B | 2.28B | 2.1B | 1.63B | 1.85B | 2B | 2.01B | 1.55B | 1.83B | 2.19B | 2.11B | 1.65B | 1.73B | 2.09B | 1.95B | 1.54B | 1.61B | 1.52B | 1.36B |
| Revenue Growth % | 7.42% | 3.2% | 13.92% | 4.37% | 5.75% | 1.06% | -8.32% | -4.66% | -6.26% | 5.91% | 4.67% | 8.12% | 7.03% | 7.82% | 37.71% | 43.59% | 44.22% | 36.69% | 15.77% | 2.91% |
| Cost of Goods Sold | 1.33B | 1.43B | 1.59B | 1.48B | 1.27B | 1.32B | 1.44B | 1.42B | 1.24B | 1.36B | 1.59B | 1.53B | 1.35B | 1.38B | 1.6B | 1.51B | 1.27B | 1.25B | 1.12B | 962.6M |
| COGS % of Revenue | 75.93% | 74.54% | 69.84% | 70.26% | 77.65% | 71.02% | 71.8% | 70.6% | 80.27% | 74.26% | 72.96% | 72.39% | 81.69% | 79.8% | 76.4% | 77.17% | 82.55% | 78.1% | 74.01% | 70.73% |
| Gross Profit | 422.7M | 487M | 688.5M | 625.2M | 365.3M | 537.2M | 565.2M | 592.2M | 304.9M | 472.2M | 591M | 583.3M | 302M | 349.9M | 492.9M | 446.2M | 268.8M | 351.71M | 394.1M | 398.4M |
| Gross Margin % | 24.07% | 25.46% | 30.16% | 29.74% | 22.35% | 28.98% | 28.21% | 29.4% | 19.73% | 25.74% | 27.04% | 27.61% | 18.31% | 20.2% | 23.6% | 22.83% | 17.45% | 21.9% | 25.99% | 29.27% |
| Gross Profit Growth % | 15.71% | -9.34% | 21.82% | 5.57% | 19.81% | 13.77% | -4.37% | 1.53% | 0.96% | 34.95% | 19.9% | 30.73% | 12.35% | -0.51% | 25.07% | 12% | 17.23% | 16.17% | 3.57% | 0.47% |
| Operating Expenses | 127.1M | 136M | 145.2M | 154.2M | 138.9M | 136.2M | 228.1M | 138.6M | 132M | 102.1M | 172.1M | 132.2M | 114.8M | 158.4M | 187.5M | 138.6M | 121.8M | 140.32M | 131.7M | 110.9M |
| OpEx % of Revenue | 7.24% | 7.11% | 6.36% | 7.33% | 8.5% | 7.35% | 11.38% | 6.88% | 8.54% | 5.57% | 7.87% | 6.26% | 6.96% | 9.15% | 8.98% | 7.09% | 7.91% | 8.74% | 8.68% | 8.15% |
| Selling, General & Admin | 0 | 136M | 145.2M | 144.5M | 138.3M | 138.1M | 129.1M | 134.1M | 129.7M | 142.4M | 143.9M | 139.1M | 117.3M | 126.4M | 135.3M | 134.4M | 119M | 124.55M | 103.8M | 100.7M |
| SG&A % of Revenue | - | 7.11% | 6.36% | 6.87% | 8.46% | 7.45% | 6.44% | 6.66% | 8.39% | 7.76% | 6.58% | 6.58% | 7.11% | 7.3% | 6.48% | 6.88% | 7.72% | 7.75% | 6.84% | 7.4% |
| Research & Development | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| R&D % of Revenue | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Other Operating Expenses | 1000K | 0 | 0 | 1000K | 600K | -1000K | 1000K | 1000K | 1000K | -1000K | 1000K | -1000K | -1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K |
| Operating Income | 295.6M | 351M | 543.3M | 471M | 226.4M | 401M | 337.1M | 453.6M | 172.9M | 370.1M | 418.9M | 451.1M | 187.2M | 191.5M | 305.4M | 307.6M | 147M | 211.39M | 262.4M | 287.5M |
| Operating Margin % | 16.83% | 18.35% | 23.8% | 22.4% | 13.85% | 21.63% | 16.82% | 22.52% | 11.19% | 20.18% | 19.16% | 21.35% | 11.35% | 11.06% | 14.62% | 15.74% | 9.54% | 13.16% | 17.3% | 21.12% |
| Operating Income Growth % | 30.57% | -12.47% | 61.17% | 3.84% | 30.94% | 8.35% | -19.53% | 0.55% | -7.64% | 93.26% | 37.16% | 46.65% | 27.35% | -9.41% | 16.39% | 6.99% | -41.08% | 7.61% | -8.92% | -3.81% |
| EBITDA | 465.9M | 526M | 734.7M | 656.4M | 412.8M | 550.1M | 497.8M | 610.4M | 323.8M | 508.8M | 580M | 606M | 335.6M | 344M | 456.4M | 450.6M | 288M | 353.39M | 379.9M | 390.6M |
| EBITDA Margin % | 26.53% | 27.5% | 32.18% | 31.22% | 25.25% | 29.68% | 24.84% | 30.3% | 20.95% | 27.74% | 26.53% | 28.68% | 20.35% | 19.86% | 21.86% | 23.06% | 18.69% | 22% | 25.05% | 28.7% |
| EBITDA Growth % | 12.86% | -4.38% | 47.59% | 7.54% | 27.49% | 8.12% | -14.17% | 0.73% | -3.52% | 47.91% | 27.08% | 34.49% | 16.53% | -2.66% | 20.14% | 15.36% | -17.69% | 18.86% | -2.36% | -1.95% |
| D&A (Non-Cash Add-back) | 170.3M | 175M | 191.4M | 185.4M | 186.4M | 149.1M | 160.7M | 156.8M | 150.9M | 138.7M | 161.1M | 154.9M | 148.4M | 152.5M | 151M | 143M | 141M | 142.01M | 117.5M | 103.1M |
| EBIT | 295.6M | 351M | 781.7M | 473.4M | 223.8M | 412.5M | 333.3M | 444.9M | 172.6M | 389.2M | 412.5M | 451M | 188.6M | 199.1M | 306.7M | 302.9M | 148.5M | 206.4M | 265.5M | 295.8M |
| Net Interest Income | -53.3M | -55M | -293.1M | -59.2M | -59.7M | -52.6M | -38.4M | -40.2M | -39.1M | -37.4M | -46.6M | -46.7M | -49M | -47.6M | -46.1M | -38.7M | -35.9M | -36.11M | -36.8M | -41.7M |
| Interest Income | 0 | 0 | 0 | 0 | 0 | 20.9M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 800K | 0 | 0 | 0 | 0 | 0 | 0 |
| Interest Expense | 53.3M | 55M | 293.1M | 59.2M | 59.7M | 73.5M | 38.4M | 40.2M | 39.1M | 37.4M | 46.6M | 46.7M | 49M | 48.4M | 46.1M | 38.7M | 35.9M | 36.1M | 36.8M | 41.7M |
| Other Income/Expense | -82.7M | -55M | -54.7M | -56.8M | -62.3M | -62M | -42.2M | -48.9M | -39.4M | -34.8M | -53M | -46.8M | -47.6M | -40.7M | -44.8M | -43.4M | -34.4M | -42.69M | -33.66M | -33.47M |
| Pretax Income | 212.9M | 296M | 488.6M | 414.2M | 164.1M | 339M | 294.9M | 404.7M | 133.5M | 335.3M | 365.9M | 404.3M | 139.6M | 150.8M | 260.6M | 264.2M | 112.6M | 168.7M | 228.74M | 254.06M |
| Pretax Margin % | 12.12% | 15.47% | 21.4% | 19.7% | 10.04% | 18.29% | 14.72% | 20.09% | 8.64% | 18.28% | 16.74% | 19.13% | 8.47% | 8.71% | 12.48% | 13.52% | 7.31% | 10.5% | 15.08% | 18.67% |
| Income Tax | 45.9M | 44M | 112.4M | 91.3M | 33.8M | 42.9M | 85.2M | 94.4M | 28.9M | 105M | 85.8M | 92M | 16.6M | 28.5M | 82.3M | 63.7M | 18.7M | 30.4M | 51.77M | 57.28M |
| Effective Tax Rate % | 21.56% | 14.86% | 23% | 22.04% | 20.6% | 12.65% | 28.89% | 23.33% | 21.65% | 31.32% | 23.45% | 22.76% | 11.89% | 18.9% | 31.58% | 24.11% | 16.61% | 18.02% | 22.63% | 22.55% |
| Net Income | 165.5M | 252M | 379.2M | 320.9M | 128.9M | 293.7M | 207.6M | 308M | 102.7M | 227.4M | 276.5M | 308.6M | 120.7M | 119.4M | 177.1M | 187.3M | 91.8M | 138.08M | 176.9M | 195.3M |
| Net Margin % | 9.43% | 13.17% | 16.61% | 15.26% | 7.89% | 15.84% | 10.36% | 15.29% | 6.64% | 12.4% | 12.65% | 14.61% | 7.32% | 6.89% | 8.48% | 9.58% | 5.96% | 8.6% | 11.67% | 14.35% |
| Net Income Growth % | 28.39% | -14.2% | 82.66% | 4.19% | 25.51% | 29.16% | -24.92% | -0.19% | -14.91% | 90.45% | 56.13% | 64.76% | 31.48% | -13.53% | 0.11% | -4.1% | -42.84% | 20.58% | -11.46% | -6.96% |
| Net Income (Continuing) | 167M | 252M | 376.2M | 322.9M | 130.3M | 296.1M | 209.7M | 310.3M | 104.6M | 230.3M | 280.1M | 312.3M | 123M | 122.3M | 178.3M | 200.5M | 93.9M | 138.3M | 177M | 196.8M |
| Discontinued Operations | -1000K | 0 | 1000K | -1000K | -900K | -1000K | -1000K | -1000K | -1000K | -1000K | -1000K | -1000K | -1000K | -1000K | -1000K | -1000K | -1000K | -598K | -200K | -1000K |
| Minority Interest | 24.4M | 23.8M | 22.9M | 22.8M | 24.4M | 23.9M | 24.1M | 25.1M | 24.7M | 24.5M | 24.6M | 23.8M | 23.8M | 23.6M | 23.2M | 23.1M | 23M | 22.7M | 23.04M | 0 |
| EPS (Diluted) | 1.26 | 1.91 | 2.83 | 2.41 | 0.97 | 2.21 | 1.56 | 2.31 | 0.77 | 1.70 | 2.07 | 2.31 | 0.90 | 0.89 | 1.33 | 1.40 | 0.69 | 1.03 | 1.32 | 1.46 |
| EPS Growth % | 29.9% | -13.57% | 81.41% | 4.33% | 25.97% | 30% | -24.64% | 0% | -14.44% | 91.01% | 55.64% | 65% | 30.43% | -13.59% | 0.76% | -4.11% | -42.5% | 19.77% | -12% | -7.59% |
| EPS (Basic) | 1.27 | 1.91 | 2.84 | 2.43 | 0.97 | 2.22 | 1.57 | 2.33 | 0.78 | 1.71 | 2.08 | 2.32 | 0.91 | 0.90 | 1.33 | 1.41 | 0.69 | 1.04 | 1.33 | 1.47 |
| Diluted Shares Outstanding | 131.94M | 131.94M | 132.9M | 132.9M | 133M | 133.1M | 133M | 133.1M | 133.1M | 133.5M | 133.7M | 133.8M | 133.7M | 133.7M | 133.6M | 133.5M | 133.6M | 133.6M | 133.5M | 133.5M |
| Basic Shares Outstanding | 131.94M | 131.94M | 132.2M | 132.3M | 132.4M | 132.3M | 132.2M | 132.4M | 132.4M | 132.7M | 133M | 133.2M | 133.2M | 133M | 133M | 133M | 133M | 132.8M | 132.8M | 132.8M |
| Dividend Payout Ratio | 41.03% | 25.56% | 17.06% | 20.16% | 51.2% | 20.7% | 29.29% | 19.74% | 60.37% | 24.98% | 20.69% | 18.54% | 47.39% | 44.47% | 30.04% | 28.35% | 57.95% | 35.58% | 27.76% | 25.14% |