MARTIN MARIETTA MATERIALS INC

Listed Company

MLMCIK 0000916076NYSELarge AcceleratedMining & Quarrying Of Nonmetallic Minerals (No Fuels)North CarolinaFY ends Dec 31

Period

FY 2025

Revenue

$6.15B

Net Income

$1.14B

Total Assets

$18.71B

Equity

$10.03B

Shares Out

60.05M

Op. Cash Flow

$1.78B

Business

MARTIN MARIETTA MATERIALS INC is a natural resource‑based building materials company that supplies aggregates and related heavy‑side materials and operates a magnesia‑based chemicals business. It offers crushed stone, sand and gravel aggregates, cement, ready mixed concrete, asphalt and paving services, as well as magnesia‑based chemical products and dolomitic lime. The company reports two geographic Building Materials segments (East Group and West Group) and a separate Magnesia Specialties segment. Its operations and distribution network span approximately 390 quarries, mines and yards across 28 U.S. states, Canada and The Bahamas and use trucks, rail and waterborne transport to serve public infrastructure, nonresidential and residential construction and various industrial customers domestically and internationally.

Summary from filing dated 2025-02-21

Financials

Consolidated Statement of Income

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Revenues	6,150	5,662	5,851	6,161	5,414
Cost of revenues	4,261	4,026	4,106	4,738	4,066
Gross Profit	1,889	1,636	1,745	1,423	1,348
Selling, general and administrative expenses	443	429	425	397	351
Acquisition, divestiture and integration expenses	15	50	12	9	58
Other operating income, net	−6	−1,300	−25	−190	−34
Earnings from Operations	1,437	2,479	1,333	1,207	974
Interest expense	230	169	165	169	143
Other nonoperating income, net	−19	−56	−58	−53	−24
Earnings from continuing operations before income tax expense	1,226	2,366	1,226	1,091	856
Income tax expense	236	550	234	235	153
Earnings from continuing operations	990	1,816	992	856	702
Earnings from discontinued operations, net of income tax expense	147	180	178	11	500,000
Consolidated net earnings	1,137	1,996	1,170	867	703
Less: Net earnings attributable to noncontrolling interests	0	1	1	0	300,000
Net Earnings Attributable to Martin Marietta	1,137	1,995	1,169	867	703
Basic from continuing operations attributable to common shareholders	16.37	29.58	16.01	13.74	11.25
Basic from discontinued operations attributable to common shareholders	2.44	2.92	2.87	0.17	0.01
Total basic attributable to common shareholders	18.81	32.5	18.88	13.91	11.26
Diluted from continuing operations attributable to common shareholders	16.34	29.5	15.96	13.7	11.21
Diluted from discontinued operations attributable to common shareholders	2.43	2.91	2.86	0.17	0.01
Total diluted attributable to common shareholders	18.77	32.41	18.82	13.87	11.22
Basic	61	61	62	62	62
Diluted	61	62	62	63	63

Consolidated Balance Sheet

As of · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Cash and cash equivalents	67	670	1,272	358	258
Accounts receivable, net	723	678	753	786	774
Inventories, net	1,078	1,018	989	874	753
Current assets held for sale	1,230	15	807	73	102
Other current assets	95	68	88	81	138
Total Current Assets	3,193	2,449	3,919	2,877	2,026
Property, plant and equipment, net	10,290	9,660	6,186	6,317	6,338
Goodwill	3,614	3,393	3,389	3,649	3,494
Other intangibles, net	459	477	698	848	1,065
Operating lease right-of-use assets, net	367	366	372	384	427
Noncurrent assets held for sale	0	1,179	0	373	617
Other noncurrent assets	788	646	561	547	426
Total Assets	18,711	18,170	15,125	14,994	14,393
Accounts payable	389	375	343	385	356
Accrued salaries, benefits and payroll taxes	100	73	102	72	87
Accrued income taxes	5	102	6	—	—
Accrued other taxes	46	45	47	55	58
Current maturities of long-term debt	30	125	400	699	0
Current operating lease liabilities	62	55	53	52	54
Unpaid commitments to limited liability companies	51	44	—	—	—
Other current liabilities	212	183	178	135	142
Total Current Liabilities	895	1,002	1,170	1,446	753
Long-term debt	5,293	5,288	3,946	4,341	5,101
Deferred income taxes, net	1,266	1,169	874	914	895
Noncurrent operating lease liabilities	320	327	327	336	379
Other noncurrent liabilities	903	928	389	385	674
Total Liabilities	8,677	8,714	7,089	7,821	7,855
Commitments and Contingent Liabilities - Note N	—	—	—	—	—
Common stock ($0.01 par value; 100,000,000 shares authorized; 60,309,739 shares and 61,126,646 shares outstanding at December 31 , 2025 and 2024, respectively)	1	1	1	600,000	600,000
Preferred stock ($0.01 par value; 10,000,000 shares authorized; no shares outstanding)	0	0	0	0	0
Additional paid-in capital	3,569	3,550	3,519	3,489	3,470
Accumulated other comprehensive earnings (loss)	60	−13	−49	−39	−98
Retained earnings	6,402	5,915	4,563	3,719	3,162
Total Shareholders Equity	10,032	9,453	8,034	7,171	6,535
Noncontrolling interests	2	3	2	2	2
Total Equity	10,034	9,456	8,036	7,173	6,537
Total Liabilities and Equity	18,711	18,170	15,125	14,994	14,393

Consolidated Statement of Cash Flows

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Depreciation, depletion and amortization	637	573	513	506	452
Stock-based compensation expense	46	58	50	43	43
Net gains on divestitures and sales of assets	−25	−1,369	−2	—	−22
Deferred income taxes, net	69	−45	−36	−1	92
Asset and portfolio rationalization charges	21	50	0	—	—
Other items, net	−8	−15	−16	−12	−15
Accounts receivable, net	−51	81	31	−12	−194
Inventories, net	−30	−52	−189	−132	73
Accounts payable	21	17	−17	−31	110
Other assets and liabilities, net	−32	165	24	−41	−104
Net Cash Provided by Operating Activities	1,785	1,459	1,528	991	1,138
Additions to property, plant and equipment	−807	−855	−650	−482	−423
Acquisitions, net of cash acquired	−685	−3,642	0	11	−3,109
Proceeds from divestitures and sales of assets	38	2,160	427	687	43
Proceeds from sale of restricted investments to discharge long term debt	0	0	700	0	0
Investments in limited liability companies	−128	−117	−27	0	0
Other investing activities, net	−6	10	9	4	0
Net Cash (Used for) Provided by Investing Activities	−1,588	−2,444	459	−484	−3,475
Proceeds from borrowings	640	2,758	0	—	—
Repayments of debt	−735	−1,690	−700	−54	−420
Payments on finance lease obligations	−23	−20	−17	−15	−11
Dividends paid	−197	−189	−174	−160	−148
Repurchases of common stock	−450	−450	−150	−150	0
Shares withheld for employees income tax obligations	−31	−32	−22	−29	−20
Other financing activities, net	−4	−4	−1	1	—
Net Cash (Used for) Provided by Financing Activities	−800	373	−1,064	−407	2,291
Net (Decrease) Increase in Cash, Cash Equivalents and Restricted Cash	−603	−612	923	100	−46

Filings

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