Martin Marietta Materials, Inc.
Rank #451Capital ReturnMLM · NYSE · Basic Materials
Martin Marietta Materials, Inc. (MLM) — Rank #451 by gross profitability (GP/assets 0.09) · ROE 9.8% · Piotroski F-Score 8 / 9.
As-of 2026-09-15 · CIK 0000916076 · all metrics point-in-time as of the filing date.
About
Martin Marietta Materials, Inc., a natural resource-based building materials company, supplies aggregates and heavy-side building materials to the construction industry in the United States and internationally.
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It operates through East Group and West Group segments. The company offers crushed stone, sand, and gravel products; ready mixed concrete and asphalt; and paving products and services for use in the infrastructure projects, and nonresidential and residential construction projects, as well as in the railroad, agricultural, utility, and environmental industries. It also produces magnesia-based chemicals products, and dolomitic lime primarily to customers for steel production and soil stabilization. Its chemical products are used in flame retardants, wastewater treatment, pulp and paper production, and other applications.
The company was founded in 1939 and is based in Raleigh, North Carolina.
- Industry
- Building Materials
- Sector
- Basic Materials
- State
- NC
- Filer Category
- Large accelerated filer
- Fiscal Year End
- December 31
- Website
- martinmarietta.com
Price History
Company Snapshot
P/E and reverse DCF are the primary valuation lenses at this stage.
Market Cap
$35.38B
P/E (annual)
26.5
P/S (annual)
5.8
P/B
3.1
P/OCF (annual)
19.8
Shareholder Yield
2.2%
Employees
9,600
Industry
Building Materials
Exchange
NYSE
Signal Flags
Quality Profile
Profitability
1/1 passSafety
1/1 passCash Flow
3/3 passGrowth
2/2 passTerry Smith quality gate
Passes 2/5 Terry Smith thresholdsWhat Growth Is Priced In
Implied revenue growth (10Y)
6.6%
The annual FCF growth rate today's price requires over a 10-year horizon (discount rate 10%, terminal growth 2.5%).
Buyback tailwind: -1.6% — per-share value needs a total required return of 5.0% once share-count change is priced in.
vs. own 6-year median revenue growth: 9.3%
within its own historyCost-of-equity sensitivity (implied growth at different discount rates)
r = 8%
2.4%
r = 10% (base)
6.6%
r = 12%
10.3%
Net debt / market cap: 19.3%
Note: current FCF margin is 2.1σ above its historical mean — implied growth may understate valuation risk if the margin reverts.
Valuation History
Current multiple vs historical range at each filing date. Band spans 25th-75th percentile.
P / E
Price / diluted EPS
P / S
Price / revenue per share
P / B
Price / book value per share
P / GP
Price / gross profit per share
P / FCF
Price / free cash flow per share
Earnings bubble check
Current margins may be above sustainable levels — a P/E based on peak earnings can overstate cheapness.
FCF yield, shareholder yield, and buyback activity are the primary reads at this stage.
Profitability
Gross profitability (GP / assets)
0.09
Primary signal (Novy-Marx).
5th of 6 SIC 1400 peers
Return on equity
9.8%
Gross margin
30.7%
4th of 6 SIC 1400 peers
Revenue growth (YoY)
8.6%
RPO growth (YoY)
-36.5%
Remaining performance obligations growth — RPO > revenue = forward demand building.
Gross margin improving
Margin trend vs prior year.
Operating Leverage
| 2022 | 2023 | 2024 | 2025 | |
|---|---|---|---|---|
| Revenue vs COGS | ||||
| Revenue vs OpEx | ||||
| Op. Income vs Revenue |
Growth
Revenue CAGR (3Y)
-0.1%
Revenue CAGR (5Y)
5.4%
Earnings CAGR (3Y)
9.5%
FCF CAGR (3Y)
21.9%
Anti-fragile safety
Balance-sheet safety
Composite anti-fragile check.
Debt / equity
0.84
5th of 6 SIC 1400 peers (best = lowest)
Current ratio
1.41×
6th of 6 SIC 1400 peers
Quick ratio
0.65×
Net cash
-$5.84B
Cash & equivalents minus total debt.
Cash-flow health
Free cash flow
$1.64B
Operating cash flow minus capex.
Positive free cash flow
FCF / net income
0.44
Cash-backing of earnings.
FCF/NI divergence
Unfavorable divergence (yellow flag).
Accruals healthy
Cash-backed earnings.
SBC / revenue
0.7%
Stock-based comp intensity.
Dividend safety
Composite score
4.5 / 5
Piotroski F-Score
F-Score
8 / 9
Fundamental-strength score (0-9).