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United States Lime & Minerals, Inc.

Rank #280Capital ReturnWatchlistCompare with other stocks

USLM · Nasdaq · Basic Materials

United States Lime & Minerals, Inc. (USLM) — Rank #280 by gross profitability (GP/assets 0.24) · ROE 19.3% · Piotroski F-Score 4 / 9.

As-of 2026-10-30 · CIK 0000082020 · all metrics point-in-time as of the filing date.

About

United States Lime & Minerals, Inc. manufactures and supplies lime and limestone products in the United States.

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It extracts limestone from open-pit quarries and an underground mine, and processes it as pulverized limestone, quicklime, hydrated lime, and lime slurry. The company supplies its products primarily to the construction customers, including highway, road, and building contractors; industrial customers, such as paper and glass manufacturers; environmental customers comprising municipal sanitation and water treatment facilities, and flue gas treatment processes; oil and gas services companies; roof shingle manufacturers; and poultry producers, as well as steel producers. In addition, the company has various royalty interests with respect to oil and gas rights in natural gas wells located in Johnson County, Texas in the Barnett Shale Formation.

The company was incorporated in 1950 and is headquartered in Dallas, Texas. United States Lime & Minerals, Inc. is a subsidiary of Inberdon Enterprises Ltd.

Industry
Building Materials
Sector
Basic Materials
State
TX
Filer Category
Large accelerated filer
Fiscal Year End
December 31
Website
uslm.com

Company Snapshot

P/E and reverse DCF are the primary valuation lenses at this stage.

Market Cap

—

P/E (annual)

—

P/S (annual)

—

P/B

—

P/OCF (annual)

—

Shareholder Yield

—

Employees

346

Industry

Building Materials

Exchange

Nasdaq

12/12

Flags passed

USLM passes 12/12 quality flags

  • PASS
    Gross margin holding
  • PASS
    Dilution within 2%
  • PASS
    FCF not negative from investment
  • PASS
    Disclosure consistent
  • PASS
    Revenue not declining
  • PASS
    Operating margin holding
  • PASS
    Free cash flow intact
  • PASS
    Passes safety gate
  • PASS
    Balance sheet stable
  • PASS
    No competitive retreat
  • PASS
    SBC not compressing margin
  • PASS
    No valuation convergence

Strengths Revenue growth accelerating · Operating leverage expanding · Sequential beat (rev + EPS)

A count of the 12 warning flags that could be evaluated. Unweighted: colour follows the worst flag.

Quality Profile

Profitability

1/1 pass
GP / assets
0.24
Return on equity
19.3%
Gross margin trend
PASS

Safety

1/1 pass
Balance-sheet safety
PASS
Debt / equity
0.07
Current ratio
27.54×
Net cash
$402.64M

Cash Flow

2/3 pass
Positive FCF
PASS
Cash-backed earnings
WARN
Accruals healthy
PASS
SBC / revenue
2.2%

Growth

2/2 pass
Revenue growth
17.3%
Piotroski F-Score
4 / 9
Share dilution
0.2%

FCF yield, shareholder yield, and buyback activity are the primary reads at this stage.

Profitability

Does it make money well?

No warning flags · GP/assets 0.24

Gross profitability (GP / assets)

0.24

Primary signal (Novy-Marx).

1st of 6 SIC 1400 peers

Return on equity

19.3%

Gross margin

48.9%

1st of 6 SIC 1400 peers

Revenue growth (YoY)

17.3%

Gross margin improving

Margin trend vs prior year.

PASS

Operating Leverage

2022202320242025
Revenue vs COGS
Revenue vs OpEx
Op. Income vs Revenue

Growth

Revenue CAGR (3Y)

16.4%

Revenue CAGR (5Y)

18.3%

Earnings CAGR (3Y)

43.5%

FCF CAGR (3Y)

39.7%

Cash Flow Health

Is the cash real?

No warning flags · FCF 24% below net income

Free cash flow

$102.27M

Operating cash flow minus capex.

Positive free cash flow

PASS

FCF vs net income

-23.8%

(FCF − net income) ÷ |net income|. Positive: cash above earnings. Negative: below.

FCF not below net income

Fails when free cash flow is below net income (yellow flag).

WARN

Accruals healthy

Cash-backed earnings.

PASS

SBC / revenue

2.2%

Stock-based comp intensity.

Balance Sheet Strength

Can it survive a storm?

No warning flags · net cash $402.64M, F-Score 4/9

Balance-sheet safety

Composite anti-fragile check.

PASS

Debt / equity

0.07

1st of 6 SIC 1400 peers (best = lowest)

Current ratio

27.54×

1st of 6 SIC 1400 peers

Quick ratio

25.52×

Net cash

$402.64M

Cash & equivalents minus total debt.

Piotroski F-Score

4 / 9

Fundamental-strength score (0-9).

Valuation

Is the price reasonable?

No warning flags

Dividend safety

Composite score

3.8 / 5

Good
Payout ratio
5.1%5/5 Strong
FCF coverage
14.88×5/5 Strong
Dividend growth streak
5 yr3/5 Good
Balance-sheet health
D/E 0.07 · IC N/A2/5 Fair

Capital allocation quality

Composite score

3.3 / 5

Good
Share count trend
0.2%2/5 Fair
Buyback timing
N/AN/A
Dividend growth consistency
5 yr3/5 Good
Net debt trajectory(deleveraging)
13.7%5/5 Strong

Lifecycle Phase History

20202025
Value
Capital Return
Op. Leverage

Price History

USLM+328.3% · +33.7% CAGRSPY+82.9% · +12.8% CAGR

View full financial statements →

Source filings on SEC EDGAR: 10-K annual reports · 10-Q quarterly reports