Martin Marietta Materials
Mining & Quarrying Of Nonmetallic Minerals (No Fuels)
Martin Marietta Materials is one of the United States' largest producer of construction aggregates (crushed stone, sand, and gravel). Martin Marietta's most important markets include Texas, North Carolina, Colorado, California, and Georgia, accounting for most of its sales.
It is a $33.9B materials company. Revenue shrank 5.8% over the last year, it keeps 39¢ of every dollar of sales as profit, and its net debt equals ~6.5 years of free cash flow. It trades at 13.8× earnings — near the lowest of its own history.
- Website
- martinmarietta.com
- Location
- Raleigh, NC
- Employees
- 9 600
- Sector
- Basic Materials
- Founded
- 1939
Skills
Six independent scores, 0–100, built from reported numbers and valuation history. Click a row to see how it was scored.
Strong profitability; Growth and Health lag behind.
Valuation54
- P/E vs own history6th pct · 25/25
- FCF yield2.4% · 5/25
- P/S5.1x · 12/25
- EV/EBITDA19.3x · 12/25
Growth46
- Revenue CAGR3.2% · 6/25
- Net income CAGR12.8% · 20/25
- EPS CAGR ~5Y10.2% · 20/25
- Fwd implied growth-42.6% · 0/25
Profitability77
- ROIC8.6% · 12/25
- ROE23.1% · 20/25
- Net margin39.0% · 25/25
- Operating margin20.6% · 20/25
Health42
- Altman Zn/a · 0/25
- Current ratio1.41 · 12/25
- Interest coverage6.6x · 18/25
- Net cash / debtD/A 28% · 12/25
Quality56
- Piotroski F7/9 · 22/25
- Beneish M-2.27 · 20/25
- FCF conversion33% · 8/25
- Margin stabilityσ 24.2% · 6/25
Moat56
- ROIC >12% years0/10 yrs · 0/25
- Median gross margin24.9% · 6/25
- FCF-positive years10/10 yrs · 25/25
- Worst-year net marginworst 11.1% · 25/25
Experience
The company's career so far — founding, the IPO, landmark products and acquisitions, plus revenue milestones and insider buying.
- FY2024FinancialBest year on record$2.00B net income
- FY2016FinancialProfitable every year on record10 consecutive profitable years in our data
- FY2016FinancialRevenue already above $1B$3.82B in first reported year
- FY2016FinancialPositive free cash flow every year since10-year streak
- 2014AcquisitionThe company acquired Texas Industries for $2 billion
- 1995AcquisitionMartin Marietta merged with Lockheed Corporation in 1995, and a year later, Martin Marietta Materials was spun off…
- 1971AcquisitionMartin Marietta acquired Harvey Aluminum, a company which made aluminum oxide, aluminum ingot and aircraft…
- 1959AcquisitionThe company, led by William Trent Ragland as president, merged with the American-Marietta Corporation
- 1939FoundedThe present-day materials business is distantly descended from Superior Stone, an aggregates company founded in 1939…
Achievements
Verifiable track record, straight from the reported numbers.
Strengths & watch-outs
What a bull and a bear would each point to. Both lists come from the reported numbers, not opinions.
Strengths
- Strongly profitable — 39.0% net margin
- Interest covered 6.6× by operating earnings
- Piotroski F-Score 7/9 — fundamentally strong checklist
Watch-outs
- Revenue shrinking 5.8% year over year
- Net debt equals ~6.5 years of free cash flow
Qualifications
The basics a company should meet before you research it further. Each check uses the reported numbers.
- Revenue growing — the company sells more than a year ago-5.8% YoY
- Profitable — makes more than it spends$2.46B TTM
- Profit growing — earnings are higher than last year+10.6% YoY
- Generates cash — cash left after running and investing$810M TTM
- Debt under control — could handle its obligations~6.5y of cash flow to repay
- Established company — not a micro-cap — lower blow-up risk$33.9B market cap
- Not printing shares — share count not ballooning — you keep your slice-2.9% shares over ~5y
- Proven track record — years of profitability behind it10/10 profitable years
- Financially stable — balance sheet not near distresshealth score 22/100
- Pays a dividend — returns cash to shareholdersyield 0.59%
- Valuation not extreme — price not wildly above earningsP/E 13.8
Peer comparisonMartin Marietta Materials vs 6 largest basic materials peers — cap, P/E, growth and margin side by sideOpen ▾Close ▴
| Company | Market cap | P/E | Revenue growth | Net margin | Profile |
|---|---|---|---|---|---|
| MLM this company | $33.9B | 13.8 | -5.8% | 39.0% | Strained |
| LIN Linde plc Ordinary Share | $223.2B | 30.8 | +6.6% | 20.4% | Solid |
| SCCO Southern Copper Corporation | $176.8B | 31.2 | +32.8% | 35.9% | Strong |
| NEM Newmont Corporation | $124.2B | 14.4 | +25.2% | 33.4% | Strong |
| FCX Freeport-McMoran Inc. | $105.8B | 35.9 | +0.2% | 11.4% | Strong |
| AEM Agnico Eagle Mines Ltd. | $95.8B | 15.9 | +43.7% | 37.5% | Strong |
| B Barrick Mining Corporation | $67.5B | 10.1 | +9.2% | 31.6% | Strong |
Head-to-head: MLM vs LIN · MLM vs SCCO · MLM vs NEM
References
What covering analysts publish about the company — information only, not a recommendation.
Appendix · Financial records
The full statements behind this CV, FY2016–FY2025. For readers who want to check the numbers.
Live data and quarterly detail: stockcv.com/MLM
Want the live picture — intraday moves, valuation history and full analysis?
Deeper analysis of MLM on PreMarketPriceFigures are derived from company filings (quarterly values normalised from as-filed year-to-date data where applicable) and may be delayed, restated or incomplete. This page is information, not investment advice. Latest price $477.87 · market cap $33.9B.