Martin Marietta (MLM) | Financial Analysis & Statements
TL;DR: Financial Overview - Revenue, Profits & Key Metrics
Latest Quarterly: Mar 2025Income Metrics
Revenue
1.4B
Gross Profit
335.0M
24.76%
Operating Income
196.0M
14.49%
Net Income
116.0M
8.57%
Balance Sheet Metrics
Total Assets
17.7B
Total Liabilities
8.6B
Shareholders Equity
9.1B
Debt to Equity
0.95
Cash Flow Metrics
Operating Cash Flow
403.0M
Free Cash Flow
208.0M
Revenue & Profitability Trend
Martin Marietta Income Statement From 2020 to 2024
| Metric | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|
| Revenue | 6.5B | 6.8B | 6.2B | 5.4B | 4.7B |
| Cost of Goods Sold | 4.7B | 4.8B | 4.7B | 4.1B | 3.5B |
| Gross Profit | 1.9B | 2.0B | 1.4B | 1.3B | 1.3B |
| Gross Margin % | 28.7% | 29.8% | 23.1% | 24.9% | 26.5% |
| Operating Expenses | |||||
| Research & Development | - | - | - | - | - |
| Selling, General & Administrative | 447.0M | 442.8M | 396.7M | 351.0M | 305.9M |
| Other Operating Expenses | -1.3B | -28.4M | -189.2M | -34.3M | -59.8M |
| Total Operating Expenses | -879.0M | 414.4M | 207.5M | 316.7M | 246.1M |
| Operating Income | 2.8B | 1.6B | 1.2B | 1.0B | 1.0B |
| Operating Margin % | 42.2% | 23.7% | 19.7% | 19.1% | 21.3% |
| Non-Operating Items | |||||
| Interest Income | - | - | - | - | - |
| Interest Expense | 169.0M | 165.3M | 169.0M | 142.7M | 118.1M |
| Other Non-Operating Income | 8.0M | 49.9M | 44.3M | -33.5M | 700.0K |
| Pre-tax Income | 2.6B | 1.5B | 1.1B | 855.5M | 889.3M |
| Income Tax | 600.0M | 292.5M | 234.8M | 153.2M | 168.2M |
| Effective Tax Rate % | 23.1% | 19.6% | 21.5% | 17.9% | 18.9% |
| Net Income | 2.0B | 1.2B | 866.8M | 702.8M | 721.1M |
| Net Margin % | 30.5% | 17.3% | 14.1% | 13.0% | 15.2% |
| Key Metrics | |||||
| EBITDA | 3.4B | 2.2B | 1.8B | 1.5B | 1.4B |
| EPS (Basic) | $32.50 | $18.88 | $13.91 | $11.26 | $11.56 |
| EPS (Diluted) | $32.41 | $18.82 | $13.87 | $11.22 | $11.54 |
| Basic Shares Outstanding | 61400000 | 61900000 | 62300000 | 62400000 | 62300000 |
| Diluted Shares Outstanding | 61400000 | 61900000 | 62300000 | 62400000 | 62300000 |
Income Statement Trend
Martin Marietta Balance Sheet From 2020 to 2024
| Metric | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|
| Assets | |||||
| Current Assets | |||||
| Cash & Equivalents | 670.0M | 1.3B | 358.0M | 258.4M | 207.3M |
| Short-term Investments | - | - | - | - | - |
| Accounts Receivable | 678.0M | 746.7M | 781.0M | 767.5M | 572.6M |
| Inventory | 1.1B | 988.6M | 873.7M | 752.6M | 709.0M |
| Other Current Assets | 71.0M | 87.6M | 80.7M | 137.9M | 70.0M |
| Total Current Assets | 2.5B | 3.9B | 2.9B | 2.0B | 1.7B |
| Non-Current Assets | |||||
| Property, Plant & Equipment | 671.0M | 3.6B | 3.5B | 3.6B | 3.0B |
| Goodwill | 8.3B | 7.5B | 8.1B | 8.1B | 5.3B |
| Intangible Assets | 730.0M | 697.7M | 847.8M | 1.1B | 508.0M |
| Long-term Investments | - | - | - | - | - |
| Other Non-Current Assets | 646.0M | 561.3M | 919.2M | 1.0B | 295.2M |
| Total Non-Current Assets | 15.6B | 11.2B | 12.1B | 12.4B | 8.9B |
| Total Assets | 18.2B | 15.1B | 15.0B | 14.4B | 10.6B |
| Liabilities | |||||
| Current Liabilities | |||||
| Accounts Payable | 375.0M | 343.3M | 385.0M | 356.2M | 207.8M |
| Short-term Debt | 181.0M | 452.9M | 751.2M | 53.9M | 48.6M |
| Current Portion of Long-term Debt | - | - | - | - | - |
| Other Current Liabilities | 190.0M | 177.9M | 139.6M | 149.5M | 96.6M |
| Total Current Liabilities | 1.0B | 1.2B | 1.4B | 752.6M | 499.3M |
| Non-Current Liabilities | |||||
| Long-term Debt | 5.6B | 4.3B | 4.7B | 5.5B | 3.0B |
| Deferred Tax Liabilities | 1.2B | 874.6M | 914.3M | 895.3M | 781.5M |
| Other Non-Current Liabilities | 483.0M | 389.1M | 384.6M | 673.8M | 370.5M |
| Total Non-Current Liabilities | 7.7B | 5.9B | 6.4B | 7.1B | 4.2B |
| Total Liabilities | 8.7B | 7.1B | 7.8B | 7.9B | 4.7B |
| Equity | |||||
| Common Stock | 1.0M | 600.0K | 600.0K | 600.0K | 600.0K |
| Retained Earnings | 5.9B | 4.6B | 3.7B | 3.2B | 2.6B |
| Treasury Stock | - | - | - | - | - |
| Other Equity | - | - | - | - | - |
| Total Shareholders Equity | 9.5B | 8.0B | 7.2B | 6.5B | 5.9B |
| Key Metrics | |||||
| Total Debt | 5.8B | 4.7B | 5.4B | 5.5B | 3.1B |
| Working Capital | 1.5B | 2.7B | 1.4B | 1.3B | 1.2B |
Balance Sheet Composition
Martin Marietta Cash Flow Statement From 2020 to 2024
| Metric | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|
| Operating Activities | |||||
| Net Income | 2.0B | 1.2B | 866.8M | 702.8M | 721.1M |
| Depreciation & Amortization | 573.0M | 513.2M | 506.0M | 451.7M | 393.5M |
| Stock-Based Compensation | 58.0M | 50.0M | 42.7M | 43.0M | 30.0M |
| Working Capital Changes | 211.0M | -149.7M | -216.3M | -115.4M | -67.4M |
| Operating Cash Flow | 2.8B | 1.5B | 1.2B | 1.2B | 1.1B |
| Investing Activities | |||||
| Capital Expenditures | -855.0M | -650.3M | -481.8M | -423.1M | -359.7M |
| Acquisitions | -1.6B | 399.5M | 698.1M | -3.1B | 77.2M |
| Investment Purchases | - | - | - | - | -111.2M |
| Investment Sales | - | 7.4M | 7.5M | 14.9M | - |
| Investing Cash Flow | -2.4B | 458.7M | -483.8M | -3.5B | -409.7M |
| Financing Activities | |||||
| Share Repurchases | -450.0M | -172.1M | -178.8M | -19.5M | -64.5M |
| Dividends Paid | -189.0M | -174.0M | -159.1M | -147.8M | -140.3M |
| Debt Issuance | 2.8B | 0 | 0 | 2.9B | 628.1M |
| Debt Repayment | -1.7B | -717.6M | -69.5M | -431.2M | -780.6M |
| Financing Cash Flow | 405.0M | -1.1B | -408.1M | 2.3B | -359.3M |
| Free Cash Flow | 604.0M | 878.1M | 509.4M | 714.6M | 690.4M |
| Net Change in Cash | 789.0M | 924.2M | 295.0M | -10.2M | 354.1M |
Cash Flow Trend
Martin Marietta Key Financial Ratios
Valuation Ratios
P/E Ratio (TTM)
33.34
Forward P/E
28.93
Price to Book
3.88
Price to Sales
5.44
PEG Ratio
2.37
Profitability Ratios
Profit Margin
16.46%
Operating Margin
25.68%
Return on Equity
12.08%
Return on Assets
5.64%
Financial Health
Current Ratio
2.35
Debt to Equity
62.02
Beta
0.89
Per Share Data
EPS (TTM)
$18.08
Book Value per Share
$155.26
Revenue per Share
$109.77
Peer Financial Comparison
| Company | Market Cap | P/E Ratio | P/B Ratio | ROE | Profit Margin | Debt/Equity |
|---|---|---|---|---|---|---|
| mlm | 36.4B | 33.34 | 3.88 | 12.08% | 16.46% | 62.02 |
| Vulcan Materials | 38.7B | 40.67 | 4.60 | 11.87% | 12.52% | 65.38 |
| Eagle Materials | 7.6B | 17.17 | 5.09 | 31.87% | 19.81% | 90.48 |
| Summit Materials | 6.3B | 61.75 | 2.07 | 12.34% | 28.90% | 0.65 |
| Knife River | 5.1B | 33.09 | 3.46 | 11.11% | 5.20% | 95.96 |
| Tecnoglass | 3.4B | 18.76 | 4.66 | 27.89% | 19.13% | 17.71 |
Financial data is updated regularly. All figures are in the company's reporting currency.