Fundamentals · 2026-09-09S&P 500ANNUAL BASIS

Martin Marietta Materials

MLM stock analysis · Materials · Construction Materials

FY 2025-12-31ANNUAL FILINGS
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These are research estimates based on annual filings. Valuation uses a cash-flow proxy and explicit assumptions; prices are not live. Published valuations use annual periods first filed by the price date, with later restatements retained.
Reference share price · USD
$576.70HISTORICAL SNAPSHOT

As of · fund-implied per-share value

Fund holding value ÷ shares held. Not a live quote; not adjusted for later stock splits.

View SEC fund filing ↗
Estimated issuer market cap
$34.6B

Price × SEC outstanding shares. Shares measured 2026-06-30. Approximate; share and price dates can differ.

View share-count filing ↗
Valuation

DCF value

$247.36

Equity cash-flow scenario · SEC outstanding shares at 2026-06-30 · -57.1% versus input cap

How this is calculated ↗
Valuation

Reverse DCF

26.6%

Annual basis · read assumptions below

How this is calculated ↗
Valuation

Relative valuation

-6.4%

18 sector peers · median 28.5×

How this is calculated ↗
Valuation

Historical multiples

29.9×

7 annual observations · snapshot P/E 30.5× · 1.9% versus history

How this is calculated ↗
Valuation

Free cash flow yield

2.8%

Annual basis · read assumptions below

How this is calculated ↗
Quality

ROIC / quality

7.7%

Normalized tax · financing-capital proxy · short-term borrowing coverage incomplete

How this is calculated ↗
Valuation

Value composite

43/100

Annual basis · read assumptions below

How this is calculated ↗
Momentum

12–1 price momentum

Split and corporate-action verification is incomplete for these fund observations. Verified adjusted endpoints are required for 12–1 momentum.

Split and corporate-action verification is incomplete for these fund observations. Verified adjusted endpoints are required for 12–1 momentum.

How this is calculated ↗
Investment

Asset growth

3.0%

Annual basis · read assumptions below

How this is calculated ↗
Investment

Net payout yield

Requires reported dividends, repurchases and issuance; missing values are not zero.

Requires reported dividends, repurchases and issuance; missing values are not zero.

How this is calculated ↗
Quality

Accrual quality

-3.5%

Annual basis · read assumptions below

How this is calculated ↗
Momentum

Fundamental momentum

-2.8%

Annual basis · read assumptions below

How this is calculated ↗

Follow the cash

ANNUAL · USD

Operating cash flow and reinvestment over time

USD · bar maximum 1.8B2020-12-31: cfo $1,050,100,000.002020-12-31: capex $359,700,000.0020202021-12-31: cfo $1,137,700,000.002021-12-31: capex $423,100,000.0020212022-12-31: cfo $991,000,000.002022-12-31: capex $482,000,000.0020222023-12-31: cfo $1,528,000,000.002023-12-31: capex $650,000,000.0020232024-12-31: cfo $1,459,000,000.002024-12-31: capex $855,000,000.0020242025-12-31: cfo $1,785,000,000.002025-12-31: capex $807,000,000.002025
Operating cash flowCapital expenditure

Annual USD. Negative bars use a compressed lower scale. Hover or inspect the financial history table for exact values.

Make the assumptions yours

Personal inputs stay in this browser. Blank fields retain published inputs. Five-year forecast; zero net borrowing. Required return must exceed terminal growth.

How sensitive is the valuation?

DCF per-share sensitivity · includes reviewed preferred and minority-owner claims · rows: required return · columns: growth
Return / Growth3.0%5.0%7.0%
8.0%$310.26$338.53$368.92
10.0%$227.36$247.36$268.84
12.0%$179.37$194.63$211.00

Annual financial history

Open SEC filings ↗
Fiscal year-endRevenueNet incomeOperating cash flowCapital expenditureAssets
2025-12-316.2B1.1B1.8B807M18.7B
2024-12-315.7B2B1.5B855M18.2B
2023-12-315.9B1.2B1.5B650M15.1B
2022-12-316.2B867M991M482M15B
2021-12-315.4B702.8M1.1B423.1M14.4B
2020-12-314.7B721.1M1.1B359.7M10.6B
2019-12-314.7B612M966.1M393.5M10.1B
2018-12-314.2B470.4M705.1M376M9.6B

USD, abbreviated. Restated annual history; not a point-in-time backtest. Missing values appear as dashes.

Trace the inputs

MODEL ANNUAL PERIOD
InputValueSEC tag / sourceFiled
revenue6.2BRevenueFromContractWithCustomerExcludingAssessedTax2026-02-19
netIncome1.1BProfitLoss
Explicit consolidated amount, including the portion attributable to noncontrolling interests.
2026-02-19
Parent/common earnings proxy1.1BNetIncomeLoss2026-02-19
cfo1.8BNetCashProvidedByUsedInOperatingActivities2026-02-19
capex807MPaymentsToAcquirePropertyPlantAndEquipment2026-02-19
operatingIncome1.4BOperatingIncomeLoss2026-02-19
assets18.7BAssets2026-02-19
equity10BStockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
Explicit consolidated amount, including the portion attributable to noncontrolling interests.
2026-02-19
Parent book equity proxy10BStockholdersEquity2026-02-19
debt5.3BLongTermDebt2026-02-19
shortDebtNot reported under a supported tag
cash67MCashAndCashEquivalentsAtCarryingValue2026-02-19
shares60.6MWeightedAverageNumberOfDilutedSharesOutstanding2026-02-19
dividends197MPaymentsOfDividendsCommonStock2026-02-19
buybacks450MPaymentsForRepurchaseOfCommonStock2026-02-19
issuanceNot reported under a supported tag