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Martin Marietta Materials vs Vulcan Materials: revenue, profit, margins and growth compared

Martin Marietta Materials brought in $6.2B of revenue in fiscal 2025, Vulcan Materials $7.9B in fiscal 2025. Revenue changed by +8.6% at Martin Marietta Materials and +7.1% at Vulcan Materials on the year before, so Martin Marietta Materials grew faster. Martin Marietta Materials kept 18.5% of its revenue as net profit, Vulcan Materials 13.6%. Free cash flow was $978M at Martin Marietta Materials and $1.1B at Vulcan Materials.

Side by side, latest fiscal year

MLMVMC
Fiscal year endedFY2025 (December 31, 2025)FY2025 (December 31, 2025)
Revenue$6.2B$7.9B
Revenue growth+8.6%+7.1%
Net income$1.1B$1.1B
Net margin18.5%13.6%
Free cash flow$978M$1.1B
Free cash flow margin15.9%14.3%
Earnings per share (diluted)$18.77$8.11
Cash$67M$183.3M
Debt$5.3B$4.4B
Price to earnings25.830.2
Market value$29.1B$31.7B
Dividend yield0.67%0.80%
Rank by revenue in sector#104 of 451 · Industrials#80 of 451 · Industrials

Over the years

Revenue
MLM FY2018: $4.2BMLM FY2019: $4.7BMLM FY2020: $4.7BMLM FY2021: $5.4BMLM FY2022: $6.2BMLM FY2023: $5.9BMLM FY2024: $5.7BMLM FY2025: $6.2BVMC FY2018: $4.4BVMC FY2019: $4.9BVMC FY2020: $4.9BVMC FY2021: $5.6BVMC FY2022: $7.3BVMC FY2023: $7.8BVMC FY2024: $7.4BVMC FY2025: $7.9BFY18FY19FY20FY21FY22FY23FY24FY25
MLM $6.2BVMC $7.9B
Net income
MLM FY2018: $470MMLM FY2019: $611.9MMLM FY2020: $721MMLM FY2021: $702.5MMLM FY2022: $867MMLM FY2023: $1.2BMLM FY2024: $2BMLM FY2025: $1.1BVMC FY2018: $515.8MVMC FY2019: $617.7MVMC FY2020: $584.5MVMC FY2021: $670.8MVMC FY2022: $575.6MVMC FY2023: $933.2MVMC FY2024: $911.9MVMC FY2025: $1.1BFY18FY19FY20FY21FY22FY23FY24FY25
MLM $1.1BVMC $1.1B
Net margin
MLM FY2018: 11.1%MLM FY2019: 12.9%MLM FY2020: 15.2%MLM FY2021: 13.0%MLM FY2022: 14.1%MLM FY2023: 20.0%MLM FY2024: 35.2%MLM FY2025: 18.5%VMC FY2018: 11.8%VMC FY2019: 12.5%VMC FY2020: 12.0%VMC FY2021: 12.1%VMC FY2022: 7.9%VMC FY2023: 12.0%VMC FY2024: 12.3%VMC FY2025: 13.6%FY18FY19FY20FY21FY22FY23FY24FY25
MLM 18.5%VMC 13.6%
Revenue growth
MLM FY2019: +11.7%MLM FY2020: -0.2%MLM FY2021: +14.5%MLM FY2022: +13.8%MLM FY2023: -5.0%MLM FY2024: -3.2%MLM FY2025: +8.6%VMC FY2019: +12.5%VMC FY2020: -1.5%VMC FY2021: +14.3%VMC FY2022: +31.8%VMC FY2023: +6.4%VMC FY2024: -4.7%VMC FY2025: +7.1%FY19FY20FY21FY22FY23FY24FY25
MLM +8.6%VMC +7.1%
Free cash flow
MLM FY2018: $329.1MMLM FY2019: $572.6MMLM FY2020: $690.4MMLM FY2021: $714.6MMLM FY2022: $509MMLM FY2023: $878MMLM FY2024: $604MMLM FY2025: $978MVMC FY2018: $363.7MVMC FY2019: $600MVMC FY2020: $708.2MVMC FY2021: $560.6MVMC FY2022: $535.6MVMC FY2023: $664.2MVMC FY2024: $806.1MVMC FY2025: $1.1BFY18FY19FY20FY21FY22FY23FY24FY25
MLM $978MVMC $1.1B

Fiscal years as each company reports them; the two may end in different months.

Questions about Martin Marietta Materials and Vulcan Materials

Which is bigger by revenue, Martin Marietta Materials or Vulcan Materials?

Vulcan Materials is bigger by revenue: $7.9B in fiscal 2025, against $6.2B for Martin Marietta Materials in fiscal 2025.

Which keeps more of its revenue as profit, Martin Marietta Materials or Vulcan Materials?

Martin Marietta Materials had a net margin of 18.5% in fiscal 2025; Vulcan Materials had 13.6% in fiscal 2025.

Which grew revenue faster, Martin Marietta Materials or Vulcan Materials?

In their latest fiscal years revenue changed by +8.6% at Martin Marietta Materials and +7.1% at Vulcan Materials.

Where do these numbers come from?

From the annual reports each company files with the SEC (10-K, or 20-F and 40-F for foreign companies), read from their XBRL data. Margins and growth are simple arithmetic on those figures. Nothing here is a recommendation.

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