Martin Marietta Materials Inc

Industrials
Mining & Quarrying of Nonmetallic Minerals (No Fuels)
www.martinmarietta.com

Earnings Score
Moat Score
Safety Score
Final Score

Market Cap $32.26B
PE 30
Debt $5.54B
Cash $101.00M
EV $37.70B
FCF $617.00M

Earnings

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Sales & Net Margins

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Earnings	$1.07B
EBIT	$1.48B
ROE	12%
ROA	8%
FCF	$617.00M
Equity	$9.08B
Growth Stability	99%
PE	30.26
PEG	1.15
PB	3.55
P/FCF	52.28
P/S	4.86
Price/Cash	0
Debt/Equity	0.61
Debt/FCF	8.98
Net Margins	9%
Gross Margins	29%
Op. Margins	22%
Earnings CAGR	16%
Sales Growth YoY	8%
Sales Growth QoQ	-17%
Sales CAGR	8%
FCF CAGR	13%
Equity CAGR	9%
Earnings Stability	0.76
Earnings Growth YoY	-89%
Earnings Growth QoQ	-61%
Earnings CAGR 5Y	26%

Sales CAGR 5Y	9%
FCF CAGR 5Y	-2%
Equity CAGR 5Y	12%
Earnings CAGR 3Y	4%
Sales CAGR 3Y	4%
FCF CAGR 3Y	6%
Equity CAGR 3Y	14%
Market Cap	$32.26B
Revenue	$6.64B
Dividend Yield	1%
Payout Ratio	18%
Assets	$17.72B
Total Debt	$5.54B
Cash	$101.00M
Shares Outstanding	60.28M
EV	37.7B
Earnings Score	92%
Moat Score	89%
Safety Score	78%
Final Score	86%
Working Capital	1.17B
Current Ratio	2.25
Gross Profit	$1.94B
Shares Growth 3y	-0%
Equity Growth QoQ	-4%
Equity Growth YoY	2%

Assets & ROA

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Stockholders Equity & ROE

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Martin Marietta Materials is one of the United States' largest producer of construction aggregates (crushed stone, sand, and gravel). In 2021, Martin Marietta sold 201 million tons of aggregates. Martin Marietta's most important markets include Texas, Colorado, North Carolina, Georgia, and Florida, accounting for most of its sales. The company also produces cement in Texas and uses its aggregates in its asphalt and ready-mixed concrete businesses. Martin's magnesia specialties business produces magnesia-based chemical products and dolomitic lime.

SEC Filings

Direct access to Martin Marietta Materials Inc (MLM) Annual Reports (10K) and Quarterly Reports (10Q) from the SEC website.

2025
- 10-Q Mar 31
2024
- 10-K Dec 31
- 10-Q Sep 30
- 10-Q Jun 30
- 10-Q Mar 31
2023
- 10-K Dec 31
- 10-Q Sep 30
- 10-Q Jun 30
- 10-Q Mar 31

Sector Comparison

How does Martin Marietta Materials Inc compare to its competitors?

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Peter Lynch's Chart

This chart shows the current pricing of Martin Marietta Materials Inc compared to its past. The addition of the earnings trend line provides further insights into the company's earnings power.

CAGR 16%

Stability 76%

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Martin Marietta Materials Inc Discounted Cash Flow

Fully customizable DCF calculator online for Martin Marietta Materials Inc.

Years

Calculation mode

= $15B

	0	1	2	3	4	5	6	7	8	9	10	TV
fcf	$617M	$696M	$785M	$886M	$999M	$1.1B	$1.3B	$1.4B	$1.6B	$1.8B	$2.1B	$21B
DCF		$633M	$649M	$665M	$682M	$700M	$718M	$736M	$755M	$774M	$794M	$7.9B
Value	$15B

Competitiveness and MOAT

High margins render the company resilient under dire circumstances, hence able to drive competitors out or acquire them. ROE and ROA measure the average flow generated by each invested dollar. Their marginal value is a forecast of future growth, and it is considered by Buffett and Munger the most important single indicator.

Years	12/2015	12/2016	12/2017	12/2018	12/2019	12/2020	12/2021	12/2022	12/2023	12/2024	TTM
Net Margins	8%	11%	18%	11%	13%	15%	13%	14%	17%	31%	9%
ROA	-	9%	8%	7%	9%	10%	7%	8%	11%	15%	8%
ROE	-	10%	15%	9%	11%	12%	11%	12%	15%	21%	12%

Net Margins (8.57%)

Net Margins are at a level that is not too high nor too low. They are not a competitive advantage but they are not a competitive disadvantage either.

Safety and Stability

Being debt the number one cause of investment losses and company death, the ratio Debt/FCF is of utmost importance to guarantee safety. On the other hand the Graham’s stability measures the drawdown of earnings, hence indicating the reliability of the flow generated by the company.

Years	12/2015	12/2016	12/2017	12/2018	12/2019	12/2020	12/2021	12/2022	12/2023	12/2024	TTM
Debt over FCF	-	6.4	13.44	10.66	5.44	3.8	7.14	11.27	5.4	9.17	8.98
Debt over Equity	0.39	0.45	0.71	0.71	0.58	0.45	0.78	0.8	0.59	0.59	0.61
Growth Stability	-	-	-	99%	100%	100%	100%	100%	100%	100%	99%

Bad Debt/FCF ratio (8.98)

Net Margins are too low to guarantee profitability in case of higher costs or higher interest rates. Furthermore lower margins cause higher earnings’ volatility.

Good Debt/Equity ratio (0.61)

The company is not overleveraged and has a good balance between equity and debt.

Good Graham’s Stability (99%)

The company has a good stability in its earnings, which is a sign of a good competitive advantage.

Growth

Growth can be dangerous when forecasting, simply projecting the current growth is in general wrong. A company passes through multiple phases, from being young and unprofitable, to the first periods of profitability and high growth, until it arrives at a period of regime with limited growth. Identifying in which phase the company is in may help forecasting.

Years	12/2015	12/2016	12/2017	12/2018	12/2019	12/2020	12/2021	12/2022	12/2023	12/2024	CAGR 5Y
Revenue YoY growth	-	8%	4%	7%	12%	-0%	14%	14%	10%	-4%	9%
Earnings YoY growth	-	47%	68%	-34%	30%	18%	-3%	23%	35%	71%	26%
Equity YoY growth	-	2%	13%	6%	8%	10%	11%	10%	12%	18%	12%
FCF YoY growth	-	14%	-15%	33%	74%	21%	4%	-29%	72%	-31%	-2%