MLM · NYSE · Construction Materials

Martin Marietta (MLM)

Supplies aggregates, asphalt, concrete and specialty minerals for construction and industrial markets.

$499.10
vs last close−0.57 (−0.11%)
Loading prices…

Martin Marietta Materials, Inc.MLM
Materials

Supplies crushed stone, sand and gravel for infrastructure, nonresidential and residential construction, with asphalt, paving, ready-mixed concrete and specialty magnesia and lime products adding smaller revenue streams. Its quarry network is concentrated across U.S. growth markets and linked by truck, rail and water distribution.

Supplies crushed stone, sand and gravel from a quarry and distribution network spanning much of the United States, Canada and The Bahamas. Aggregates anchor the business, serving public infrastructure, nonresidential and residential construction; targeted asphalt, paving and ready-mixed concrete operations extend the materials offering. The Specialties segment sells high-purity magnesia products and dolomitic lime for industrial, environmental and agricultural uses worldwide.

Executes through geographically organized East and West groups, using local quarry proximity plus rail and water links to reach supply-constrained markets. The completed Quikrete asset exchange added aggregates while divesting the Midlothian cement plant and Texas ready-mixed concrete assets; a pending Lhoist North America combination would expand lime and industrial minerals. Demand follows construction activity and public funding, while permitting, weather, energy costs and transport availability constrain production and delivery.

Company facts

CEOC. Howard Nye
ListedFeb 17, 1994
ExchangeNYSE
HeadquartersRaleigh, NC
CountryUnited States
Employees9,600
CIK0000916076
ISINUS5732841060

Market cap$30.01B
EPS (ttm)$40.70
P/E (ttm)12.28
ROE23.1%
P/B2.60
P/S4.49
Dividend yieldDiv yield0.67%
Beta0.85vs XLB 1.00

Price target$643.50+28.8%Average of 40 analysts
ConsensusBuy25 of 40 analysts
Ratings

Target rangeAs of Sep 21, 2026

Latest analyst notes

DateFirmActionPriorCurrent
Sep 21, 2026Wells FargoTarget
Target: $609
Target: $585
Sep 9, 2026Wells FargoUpgrade
Rating: CautiousTarget: $616
Rating: OverweightTarget: $609
Sep 2, 2026BernsteinDowngrade
Rating:
Rating: Underweight
Sep 2, 2026JP MorganUpgrade
Rating: Neutral
Rating: Overweight
Aug 28, 2026RBC CapitalReiterate
Rating: Target: $610
Rating: Sector PerformTarget: $620

Next report
Nov 3, 26
in 42 days
EPS estimate
$6.70
Revenue estimate
$2.17B
Fiscal quarter
Q3 FY26

EPSReportedEstimate

Feb '25Apr '25Aug '25Nov '25Feb '26Apr '26Jul '26Nov '26
Reported$4.79$1.90$5.43$5.97$3.85$1.93$5.00Pending
Estimate$4.62$1.88$5.31$6.72$4.78$1.78$4.76$6.70
Surprise+3.7%+1.1%+2.3%−11.2%−19.5%+8.4%+5.0%

RevenueReportedEstimate

Feb '25Apr '25Aug '25Nov '25Feb '26Apr '26Jul '26Nov '26
Reported$1.63B$1.35B$1.81B$1.85B$1.53B$1.36B$1.95BPending
Estimate$1.65B$1.36B$1.87B$2.07B$1.65B$1.31B$1.87B$2.17B
Surprise−1.0%−0.3%−3.3%−10.7%−7.0%+3.7%+4.1%
Estimate$6.70
ReportedDue Nov 3, 2026
Estimate$2.17B
ReportedDue Nov 3, 2026
View details

Debt to equity51.50%
Current ratio140.20%

ProfitabilityRevenueNet incomeNet margin

Q3 FY24Q4 FY24Q1 FY25Q2 FY25Q3 FY25Q4 FY25Q1 FY26Q2 FY26
Revenue$1.89B$1.63B$1.35B$1.81B$1.85B$1.53B$1.36B$1.95B
Net income$363.0M$294.0M$116.0M$328.0M$414.0M$279.0M$1.51B$256.0M
Net margin19.2%18.0%8.6%18.1%22.4%18.2%111.1%13.1%

GrowthOperating income

Q3 FY24Q4 FY24Q1 FY25Q2 FY25Q3 FY25Q4 FY25Q1 FY26Q2 FY26
Operating income$489.0M$399.0M$194.0M$458.0M$505.0M$365.0M$162.0M$379.0M
YoY growth−13.8%+7.8%−86.3%+15.1%+3.3%−8.5%−16.5%−17.2%

Balance sheet, Jun 30, 2026Cash & short-term investments $112.0M · Total debt $5.95B · Total assets $21.31B · Shareholders' equity $11.55B

Revenue
$1.95B
Operating income
$379.0M
Net income
$256.0M
View details

Dividend yield
0.67%
Next ex-date
Dec 1, 26
estimated · in 70 days
Annual dividend
$3.33
per share
Schedule
Quarterly
4 payments a year

HistoryDividendAnnual yield

Dec '24Mar '25Jun '25Sep '25Dec '25Mar '26Jun '26Sep '26
Dividend$0.79$0.79$0.79$0.83$0.83$0.83$0.83$0.84
Annual yield0.52%0.66%0.58%0.52%0.53%0.49%0.58%0.66%
Ex-dateDec 2Mar 3Jun 2Sep 2Dec 1Mar 2Jun 1Sep 1
Payment dateDec 31Mar 31Jun 30Sep 30Dec 31Mar 31Jun 30Sep 30
View details

Institutions99.61%59.83M shares
1,093 holders · as of Jun 30, 2026
Insiders0.73%438.3K shares
23 holders · as of Sep 2, 2026
Adds to100.34%

60.07M company shares as of Sep 22, 2026 · institutions as of Jun 30, 2026 · holders as of their latest filing

These groups come from separate filings that can overlap, so they add to 100.34%; nothing is left for Other.

Top shareholders13F · 13D/G · Form 4

HolderStakeSharesDate
BlackRock, Inc.Institution
7.81%4.69Mas of Jun 30, 2026
Vanguard Capital Management LLCInstitution
6.54%3.93Mas of Jun 30, 2026
Vanguard Portfolio Management LLCInstitution
5.32%3.20Mas of Jun 30, 2026
State Street CorpInstitution
5.26%3.16Mas of Jun 30, 2026
Bank of America Corp /DE/Institution
4.07%2.45Mas of Jun 30, 2026

Insider tradesForm 4

No open-market trades in the last 12 months.

View details

  • Vulcan Materials

    Nation's largest aggregates supplier; head-to-head in every U.S. market.

  • CRH

    #1 aggregates in North America; acquired MLM's South Texas cement in 2024.

  • Amrize

    NA's largest building materials firm; #1-#2 in 85% of aggregates markets.

  • Eagle Materials

    Sun Belt/Heartland cement and aggregates; shared infrastructure markets.

  • Knife River

    Aggregates-led vertically integrated materials; Mountain/West/Heartland focus.

Compare

CompanyPriceChange
Martin Marietta$499.10−0.11%$30.01B12.325.64.5+7.5%
Vulcan Materials$245.57−0.26%$31.90B29.025.03.9+2.5%
CRH$87.17+0.03%$58.23B+5.6%
Amrize$39.10+1.33%$21.36B17.715.21.8+8.5%
Eagle Materials$180.54+0.78%$5.50B14.213.92.4+2.6%
Knife River$55.07−0.61%$3.15B22.618.01.0+12.6%
Median20.216.62.1+5.6%