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Earnings transcript
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MLM
Martin Marietta Materials, Inc.
$597.18
-1.74
(-0.29%)
| Exchange: | NYSE |
| Market Cap: | 36.017B |
| Shares Outstanding: | 45.126M |
About The Company
| Sector: | Basic Materials | |||||
| Industry: | Construction Materials | |||||
| CEO: | C. Howard Nye | |||||
| Full Time Employees: | 9400 | |||||
| Address: |
| |||||
| Website: | https://www.martinmarietta.com |
Martin Marietta Materials, Inc., a natural resource-based building materials company, supplies aggregates and heavy-side building materials to the construction industry in the United States and internationally. It offers crushed stone, sand, and gravel products; ready mixed concrete and asphalt; paving products and services; and Portland and specialty cement for use in the infrastructure projects, and nonresidential and residential construction markets, as well as in the railroad, agricultural, utility, and environmental industries. The company also produces magnesia-based chemicals products that are used in industrial, agricultural, and environmental applications; and dolomitic lime primarily to customers for steel production and soil stabilization. Its chemical products are used in flame retardants, wastewater treatment, pulp and paper production, and other environmental applications. The company was founded in 1939 and is headquartered in Raleigh, North Carolina.
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Revenue Segmentation
EPS
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Earnings Call
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Key takeaways
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Login — it's freeIncome Statement
| Year | 2023 | 2024 | 2025 |
|---|---|---|---|
| Revenue | 6,777,000 | 6,536,000 | 6,544,000 |
| Gross Profit | 2,023,000 | 1,878,000 | 1,962,000 |
| EBITDA | 2,171,000 | 3,338,000 | 2,154,000 |
| Operating Income | 1,596,000 | 2,707,000 | 1,522,000 |
| Net Income | 1,169,000 | 1,995,000 | 1,137,000 |
(* All numbers are in thousands)
Balance Sheet
| Year | 2023 | 2024 | 2025 |
|---|---|---|---|
| Total Assets | 15,125,000 | 18,170,000 | 18,711,000 |
| Total Liabilities | 7,089,000 | 8,714,000 | 8,677,000 |
| Total Stockholders Equity | 8,034,000 | 9,453,000 | 10,034,000 |
| Total Debt | 4,726,000 | 5,804,000 | 5,323,000 |
| Cash and Cash Equivalents | 1,272,000 | 670,000 | 67,000 |
(* All numbers are in thousands)
Cash Flow Statement
| Year | 2023 | 2024 | 2025 |
|---|---|---|---|
| Operating Cash Flow | 1,528,400 | 1,459,000 | 1,785,000 |
| Capital Expenditure | -650,300 | -855,000 | -807,000 |
| Free Cash Flow | 878,100 | 604,000 | 978,000 |
| Net Income | 1,169,400 | 1,996,000 | 1,137,000 |
| Net Change in Cash | 923,500 | -612,000 | -603,000 |
(* All numbers are in thousands)
Analyst Estimates
| Fiscal Year | 2028 | Full Access | Full Access | Full Access | Full Access |
|---|---|---|---|---|---|
| Estimated Revenue (Low) | 8,154,652.733 | Full Access | Full Access | Full Access | Full Access |
| Estimated Revenue (High) | 8,226,589.599 | Full Access | Full Access | Full Access | Full Access |
| Estimated Revenue (Avg) | 8,190,621.166 | Full Access | Full Access | Full Access | Full Access |
| Estimated Ebitda (Low) | 4,003,669.751 | Full Access | Full Access | Full Access | Full Access |
| Estimated Ebitda (High) | 4,038,988.416 | Full Access | Full Access | Full Access | Full Access |
| Estimated Ebitda (Avg) | 4,021,329.084 | Full Access | Full Access | Full Access | Full Access |
| Estimated Net Income (Low) | 1,518,432.050 | Full Access | Full Access | Full Access | Full Access |
| Estimated Net Income (High) | 1,784,676.219 | Full Access | Full Access | Full Access | Full Access |
| Estimated Net Income (Avg) | 1,645,782.840 | Full Access | Full Access | Full Access | Full Access |
| Estimated SGA Expense (Low) | 539,387.413 | Full Access | Full Access | Full Access | Full Access |
| Estimated SGA Expense (High) | 544,145.658 | Full Access | Full Access | Full Access | Full Access |
| Estimated SGA Expense (Avg) | 541,766.536 | Full Access | Full Access | Full Access | Full Access |
| Estimated EPS (Avg) | 27.360 | Full Access | Full Access | Full Access | Full Access |
| Estimated EPS (High) | 29.500 | Full Access | Full Access | Full Access | Full Access |
| Estimated EPS (Low) | 25.100 | Full Access | Full Access | Full Access | Full Access |
| Number of Analysts (Estimated Revenue) | 6 | Full Access | Full Access | Full Access | Full Access |
| Number of Analysts (Estimated EPS) | 5 | Full Access | Full Access | Full Access | Full Access |
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Current Key Metrics
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Login — it's freeForward P/E Ratios
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Login — it's freeSWOT Analysis
Strengths (preview)
- Robust Financial Performance: Martin Marietta reported strong results in Q2 2025, as highlighted in the earnings call transcript, with revenue and net income growth exceeding expectations. Key metrics such as gross profit margin TTM and net profit margin TTM reflect operational efficiency, supported by consistent free cash flow generation as seen in cash flow statements.
- Cost Management and Commercial Discipline: The earnings call emphasized effective cost control and pricing strategies, enabling the company to maintain profitability despite market challenges. This is further evidenced by a healthy ROE TTM and ROIC TTM, indicating strong returns on capital.
- Solid Balance Sheet: Balance sheet data shows a reasonable debt-to-equity ratio TTM, suggesting manageable leverage. High levels of cash and cash equivalents provide liquidity to weather short-term volatility and fund strategic initiatives.
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At what price to buy it? -
Intrinsic Value Calculator
Based on current fundamentals and analyst forecasts, MARKETSnap estimates MLM intrinsic value between $144.28 – $310.60 per share. This depends on revenue growth, margins, and discount rate.
This is an automatic estimate. The most reliable way to know fair value for your own assumptions is to run the calculator below.
Common questions about MLM valuation
Is Martin Marietta Materials, Inc. (MLM) overvalued or undervalued right now?
MARKETSnap estimates intrinsic value for Martin Marietta Materials, Inc. (MLM) using its proprietary valuation methodology, which incorporates discounted cash flow (DCF) analysis together with long-term earnings and fundamentals assumptions. By comparing intrinsic value to the current market price, long-term investors can see whether the stock screens as potentially overvalued, fairly valued, or undervalued today.
Is MLM a buy, hold, or sell for long-term investors?
MARKETSnap does not give one-word “buy” or “sell” calls. Instead, it shows whether MLM trades at a premium or discount to its estimated intrinsic value, how sensitive that value is to growth and margin assumptions, and how the stock fits into a diversified, long-term portfolio so investors can make their own buy, hold, or sell decision.
What is MLM’s P/E ratio?
You can see MLM’s trailing P/E (TTM) and forward P/E estimates in the Current Key Metrics and Forward P/E Ratios sections above. The P/E ratio compares the current share price to earnings per share and helps investors gauge valuation relative to earnings.
How is intrinsic value calculated for MLM?
MARKETSnap uses its own valuation framework—not a generic spreadsheet DCF alone. Future cash flows and earnings are projected, discounted, and combined with MARKETSnap’s methodology so intrinsic value reflects fundamentals and long-term assumptions. You can run your own inputs and see the result using the Intrinsic Value Calculator above.
Is MLM a good long-term investment?
Whether MLM fits a long-term portfolio depends on your assumptions about growth, margins, and risk. MARKETSnap provides the metrics, intrinsic value calculator, and SWOT context so you can form your own view rather than rely on a single buy/sell rating.
MLM
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Daily snapshot
-0.29
Trading Metrics:
| Open: | 591.72 | Previous Close: | 598.92 | |
| Day Low: | 587.21 | Day High: | 609.14 | |
| Year Low: | 441.95 | Year High: | 710.97 | |
| Price Avg 50: | 634.83 | Price Avg 200: | 614.83 | |
| Volume: | 209752 | Average Volume: | 524319 |
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Login — it's freeMLM full analysis
Welcome to MARKETSNAP’s SWOT analysis for Martin Marietta Materials, or MLM as it’s known on the ticker. If you’re a long-term investor looking to build wealth through smart stock picks, you’re in the right place. Today, we’re diving deep into Martin Marietta, a heavyweight in the construction materials space, to break down its strengths, weaknesses, opportunities, and threats. I’ve got some juicy insights from recent financials, earnings calls, and performance metrics to share, so let’s get started and see if…
