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

Vulcan Materials Company

VMC 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
$295.01HISTORICAL 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
$38.3B

Price × SEC outstanding shares. Shares measured 2026-04-21. Approximate; share and price dates can differ.

View share-count filing ↗
Valuation

DCF value

$132.89

Equity cash-flow scenario · SEC outstanding shares at 2026-04-21 · -55.0% versus input cap

How this is calculated ↗
Valuation

Reverse DCF

25.3%

Annual basis · read assumptions below

How this is calculated ↗
Valuation

Relative valuation

-19.8%

18 sector peers · median 28.5×

How this is calculated ↗
Valuation

Historical multiples

36.4×

7 annual observations · snapshot P/E 35.6× · -2.4% versus history

How this is calculated ↗
Valuation

Free cash flow yield

3.0%

Annual basis · read assumptions below

How this is calculated ↗
Quality

ROIC / quality

10.0%

Normalized tax · financing-capital proxy

How this is calculated ↗
Valuation

Value composite

33/100

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

-2.4%

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

-4.3%

Annual basis · read assumptions below

How this is calculated ↗
Momentum

Fundamental momentum

4.3%

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 $1,070,400,000.002020-12-31: capex $362,200,000.0020202021-12-31: cfo $1,011,900,000.002021-12-31: capex $451,300,000.0020212022-12-31: cfo $1,148,200,000.002022-12-31: capex $612,600,000.0020222023-12-31: cfo $1,536,800,000.002023-12-31: capex $872,600,000.0020232024-12-31: cfo $1,409,600,000.002024-12-31: capex $603,500,000.0020242025-12-31: cfo $1,813,000,000.002025-12-31: capex $677,700,000.002025
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%$166.69$181.87$198.20
10.0%$122.15$132.89$144.43
12.0%$96.36$104.56$113.36

Annual financial history

Open SEC filings ↗
Fiscal year-endRevenueNet incomeOperating cash flowCapital expenditureAssets
2025-12-317.9B1.1B1.8B677.7M16.7B
2024-12-317.4B913.1M1.4B603.5M17.1B
2023-12-317.8B934.9M1.5B872.6M14.5B
2022-12-317.3B576.5M1.1B612.6M14.2B
2021-12-315.6B670.4M1B451.3M13.7B
2020-12-314.9B584.5M1.1B362.2M11.7B
2019-12-314.9B617.7M984.1M384.1M10.6B
2018-12-314.4B515.8M832.8M469.1M9.8B

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
revenue7.9BRevenueFromContractWithCustomerExcludingAssessedTax2026-02-19
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
capex677.7MPaymentsToAcquirePropertyPlantAndEquipment2026-02-19
operatingIncome1.6BOperatingIncomeLoss2026-02-19
assets16.7BAssets2026-02-19
equity8.5BStockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
Explicit consolidated amount, including the portion attributable to noncontrolling interests.
2026-02-19
Parent book equity proxy8.5BStockholdersEquity2026-02-19
debt4.4BLongTermDebt2026-02-19
shortDebt0ShortTermBorrowings2026-02-19
cash183.3MCashAndCashEquivalentsAtCarryingValue2026-02-19
shares132.7MWeightedAverageNumberOfDilutedSharesOutstanding2026-02-19
dividends259.8MPaymentsOfDividendsCommonStock2026-02-19
buybacks438.4MPaymentsForRepurchaseOfCommonStock2026-02-19
issuanceNot reported under a supported tag