Vulcan Materials Company
Rank #421Capital ReturnVMC · NYSE · Basic Materials
Vulcan Materials Company (VMC) — Rank #421 by gross profitability (GP/assets 0.13) · ROE 12.7% · Piotroski F-Score 8 / 9.
As-of 2026-09-15 · CIK 0001396009 · all metrics point-in-time as of the filing date.
About
Vulcan Materials Company produces and supplies construction aggregates in the United States.
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It operates through three segments: Aggregates, Asphalt, and Concrete. The company provides crushed stone, sand and gravel, sand, and other aggregates for use in construction and maintenance of highways, streets, and other public works, as well as in the construction of housing and commercial, industrial, and other nonresidential facilities; aggregates that are used as ballast for construction and maintenance of railroad tracks; riprap and jetty stones for use in erosion control along roads and waterways; asphalt mix; asphalt construction paving services; and ready-mixed concrete products. The company was formerly known as Virginia Holdco, Inc. and changed its name to Vulcan Materials Company.
Vulcan Materials Company was founded in 1909 and is headquartered in Birmingham, Alabama.
- Industry
- Building Materials
- Sector
- Basic Materials
- State
- NJ
- Filer Category
- Large accelerated filer
- Fiscal Year End
- December 31
- Website
- vulcanmaterials.com
Price History
Company Snapshot
P/E and reverse DCF are the primary valuation lenses at this stage.
Market Cap
$32.19B
P/E (annual)
30.6
P/S (annual)
4.1
P/B
3.8
P/OCF (annual)
17.8
Shareholder Yield
1.5%
Employees
11,548
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 thresholds1 of 5 threshold not computable from filed data.
What Growth Is Priced In
Implied revenue growth (10Y)
12.8%
The annual FCF growth rate today's price requires over a 10-year horizon (discount rate 10%, terminal growth 2.5%).
Buyback tailwind: -0.7% — per-share value needs a total required return of 12.1% once share-count change is priced in.
vs. own 6-year median revenue growth: 12.6%
within its own historyCost-of-equity sensitivity (implied growth at different discount rates)
r = 8%
8.2%
r = 10% (base)
12.8%
r = 12%
16.8%
Net debt / market cap: 13.4%
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
Disclosure regression check
3 previously-disclosed line items are no longer reported. Worth checking the filing for why.
FCF yield, shareholder yield, and buyback activity are the primary reads at this stage.
Profitability
Gross profitability (GP / assets)
0.13
Primary signal (Novy-Marx).
4th of 6 SIC 1400 peers
Return on equity
12.7%
Gross margin
27.4%
5th of 6 SIC 1400 peers
Revenue growth (YoY)
8.6%
Gross margin improving
Margin trend vs prior year.
Operating Leverage
| 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|
| Revenue vs COGS | ||||
| Revenue vs OpEx | ||||
| Op. Income vs Revenue |
Growth
Revenue CAGR (3Y)
—
Revenue CAGR (5Y)
—
Earnings CAGR (3Y)
23.2%
FCF CAGR (3Y)
—
Anti-fragile safety
Balance-sheet safety
Composite anti-fragile check.
Debt / equity
0.97
6th of 6 SIC 1400 peers (best = lowest)
Current ratio
2.59×
5th of 6 SIC 1400 peers
Quick ratio
—
Net cash
-$4.42B
Cash & equivalents minus total debt.
Cash-flow health
Free cash flow
$1.14B
Operating cash flow minus capex.
Positive free cash flow
FCF / net income
0.05
Cash-backing of earnings.
FCF/NI divergence
Unfavorable divergence (yellow flag).
Accruals healthy
Cash-backed earnings.
SBC / revenue
0.8%
Stock-based comp intensity.
Dividend safety
Composite score
4.2 / 5
Piotroski F-Score
F-Score
8 / 9
Fundamental-strength score (0-9).
Lifecycle Phase History
Lynch sell alert: Fast grower deceleration
Revenue growth decelerated to 6.4% after being classified hypergrowth as of 2022-12-31 -- Lynch's fast-grower rule: sell once growth slows below the pace that justified the label, not on price weakness.