Vulcan Materials CO

Listed Company

VMCCIK 0001396009NYSELarge AcceleratedMining & Quarrying Of Nonmetallic Minerals (No Fuels)New JerseyFY ends Dec 31

Period

FY 2025

Revenue

$7.94B

Net Income

$1.08B

Total Assets

$16.70B

Equity

$8.53B

Shares Out

129.75M

Op. Cash Flow

$1.81B

Business

Vulcan Materials Company is a leading construction materials company that supplies aggregates and aggregates-intensive products for infrastructure and building projects. It produces and sells crushed stone, sand and gravel, asphalt mix and ready-mixed concrete alongside related services such as paving and logistics. The company operates through three reportable segments—Aggregates, Asphalt and Concrete—leveraging vertical integration between aggregates and downstream products in select markets. Vulcan serves primarily U.S. metropolitan and infrastructure markets using truck, barge, ship and rail distribution across a coast-to-coast footprint.

Summary from filing dated 2025-02-20

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
Total revenues	7,941	7,418	7,782	7,315	—
Cost of revenues	−5,767	−5,418	−5,833	−5,758	−4,179
Gross profit	2,175	2,000	1,949	1,558	1,373
Selling, administrative and general expenses	−564	−531	−543	−515	−418
Gain on sale of property, plant & equipment and businesses	52	52	76	11	120
Loss on impairments	0	−87	−28	−68	−5
Other operating expense, net	−43	−70	−26	−34	—
Operating earnings	1,620	1,365	1,427	951	1,011
Other nonoperating expense, net	−3	−22	−3	5	11
Interest income	13	21	17	800,000	2
Interest expense	−240	−191	−196	−169	—
Earnings from continuing operations before income taxes	1,390	1,172	1,245	788	874
Current	−282	−261	−344	−133	−134
Deferred	−26	10	44	−60	−67
Total income tax expense	−308	−251	−299	−193	200
Earnings from continuing operations	1,083	921	946	595	674
Loss on discontinued operations, net of tax	−5	−8	−11	−19	−3
Net earnings	1,078	913	935	577	670
Earnings attributable to noncontrolling interest	−1	−1	−2	−900,000	400,000
Net earnings attributable to Vulcan	1,077	912	933	576	671
Amortization of accumulated cash flow hedge losses	2	2	2	2	2
Adjustment for funded status of benefit plans	−4	10	4	−7	13
Amortization of accumulated benefit plan costs	4	5	5	3	14
Other comprehensive income	2	16	11	−2	29
Comprehensive income	1,080	930	946	575	699
Comprehensive earnings attributable to noncontrolling interest	−1	−1	−2	−900,000	400,000
Comprehensive income attributable to Vulcan	1,079	928	944	574	699
Continuing operations	8.19	6.95	7.1	4.47	5.08
Discontinued operations	−0.03	−0.06	−0.08	−0.14	−0.03
Net earnings (per share)	8.16	6.89	7.02	4.33	5.05
Continuing operations	8.15	6.91	7.06	4.45	5.05
Discontinued operations	−0.04	−0.06	−0.08	−0.14	−0.03
Net earnings (per share)	8.11	6.85	6.98	4.31	5.02
Basic (in shares)	132	132	133	133	133
Assuming dilution (in shares)	133	133	134	134	134

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	183	560	931	161	235
Restricted cash	6	41	18	100,000	7
Accounts and notes receivable, net	888	892	890	—	—
Inventories	681	682	616	579	521
Other current assets	102	91	70	116	95
Assets held for sale	709	0	—	—	—
Total current assets	2,568	2,266	2,525	1,902	1,697
Investments and long-term receivables	34	31	31	32	34
Property, plant & equipment, net	8,149	8,462	6,218	—	—
Operating lease right-of-use assets, net	522	526	512	573	691
Goodwill	3,781	3,788	3,532	3,690	3,697
Other intangible assets, net	1,489	1,883	1,461	1,702	1,749
Other noncurrent assets	159	149	268	285	268
Total assets	16,700	17,105	14,546	14,235	13,683
Current maturities of long-term debt	400,000	401	500,000	500,000	5
Trade payables and accruals	439	407	390	455	366
Accrued salaries, wages and management incentives	131	124	136	113	121
Accrued interest	24	31	33	20	20
Other current liabilities	333	276	238	269	259
Liabilities held for sale	29	0	—	—	—
Total current liabilities	956	1,239	798	957	769
Long-term debt	4,362	4,907	3,877	3,875	3,875
Deferred income taxes, net	1,358	1,337	1,029	1,073	1,006
Pension and other postretirement benefits	64	75	84	82	106
Asset retirement obligations	457	427	324	311	315
Deferred revenue	131	138	145	160	167
Noncurrent operating lease liabilities	523	521	507	548	643
Other noncurrent liabilities	302	318	274	276	234
Total liabilities	8,152	8,962	7,038	7,282	7,115
Other commitments and contingencies (Note 12)	—	—	—	—	—
Common stock, $1 par value, Authorized 480.0 shares, Outstanding 130.6 and 132.1 shares, respectively	131	132	132	—	—
Capital in excess of par value	2,930	2,900	2,880	2,839	2,817
Retained earnings	5,590	5,214	4,615	4,111	3,749
Accumulated other comprehensive loss	−126	−127	−144	−155	−153
Total shareholders' equity	8,525	8,119	7,483	6,929	6,545
Noncontrolling interest	24	24	25	24	23
Total equity	8,549	8,143	7,508	6,952	6,568
Total liabilities and equity	16,700	17,105	14,546	14,235	13,683

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, accretion and amortization	749	632	617	588	463
Noncash operating lease expense	54	51	54	60	—
Contributions to pension plans	−15	−9	−7	−8	−8
Share-based compensation expense	63	53	63	41	35
Deferred income taxes, net	26	−9	−43	58	67
Accounts and notes receivable	4	63	28	−53	−42
Inventories	−16	−27	−55	−50	8
Other assets	−52	−93	28	−92	−44
Accrued interest and income taxes	−7	−7	19	400,000	−400,000
Trade payables and other accruals	76	−193	−25	−17	−23
Other noncurrent liabilities	−104	−20	−42	−36	−79
Other, net	9	21	14	24	32
Net cash provided by operating activities	1,813	1,410	1,537	1,148	1,012
Purchases of property, plant & equipment	−678	−604	−873	−613	−451
Proceeds from sale of property, plant & equipment	24	55	95	39	217
Proceeds from sale of businesses	127	200,000	614	50	0
Payment for businesses acquired, net of acquired cash and adjustments	−14	−2,266	900,000	−529	−1,639
Other, net	11	−100,000	0	100,000	100,000
Net cash used for investing activities	−529	−2,815	−164	−1,053	−1,874
Proceeds from short-term debt	0	8	166	1,361	0
Payment of short-term debt	−550	−8	−266	−1,261	0
Payment of current maturities and long-term debt	−401	−551	−551	−558	−1,452
Proceeds from issuance of long-term debt	0	2,000	550	550	1,600
Debt issuance and exchange costs	0	−32	−3	−3	−13
Payment of finance leases	−11	−13	−31	−34	−14
Purchases of common stock	−438	−69	−200	0	0
Dividends paid	−260	−244	−228	−213	−196
Share-based compensation, shares withheld for taxes	−34	−33	−22	−19	−19
Distribution to noncontrolling interest	−2	−2	−800,000	0	0
Other, net	−100,000	0	200,000	200,000	−300,000
Net cash provided by (used for) financing activities	−1,695	1,057	−586	−175	−94
Net increase (decrease) in cash and cash equivalents and restricted cash	−411	−348	788	−80	−957

Filings

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