Martin Marietta Materials Inc (MLM)
Materials · Construction Materials · US stock · S&P 500 component
$500.84
▲ +9.61 (1.96%)
Fair valueFair
$411 −18.0% to fair value
$205fair band $247–$575$616
Day's range
$494.21 – $507.82
52-week range
$464.92 – $707.94
About Martin Marietta Materials Inc
The building materials used in roads, bridges, housing, warehouses and other construction are supplied by Martin Marietta Materials. It quarries aggregates such as crushed stone, sand and gravel, and also supplies related products such as asphalt in some regions. Its customers are contractors, infrastructure builders, developers and public agencies, mainly in the United States.
Revenue comes from shipments of aggregates and related products to construction sites. Over the last twelve months it was $6.7 billion, while revenue growth over the last three years was -0.1% a year, a very small decline. The operating margin is 20.6%, and the business earns a profit of 6% on the capital invested in it. It carries net debt of 2.8 times EBITDA. The company pays a dividend with a yield of 0.7%. On the site's X-Ray Score it receives 44 out of 100.
Written with AI from public information and the filing figures on this page, then checked automatically for unsupported numbers. It can contain mistakes: read the company's own filings below before relying on it.
Price chart
52-wk range $464.92 – $707.94Volume 963,200Daily, split-adjusted
Vitals
Market cap$30.2B
52-week range$464.92 – $707.94
Volume (last day)963,200
P/E (TTM)12.3
EBIT / EV yield3.8%
Free-cash-flow yield2.7%
Dividend yield0.7%
Revenue (TTM)$6.7B
Net income (TTM)$2.5B
Operating margin20.6%
Return on capital6.3%
Debt incl. leases$6.0B
Cash & securities$112M
Debt = borrowings plus lease liabilities. Cash & securities = cash, equivalents and short-term marketable securities (long-term securities are not counted, so net cash can be understated for companies like Apple). Net debt = debt minus cash & securities. Source: latest SEC 10-Q/10-K. EBIT / EV yield = operating profit divided by market cap plus net debt.
Fair value estimate
$411model spread $398 – $429
Fair
−18.0% to fair value
Equal blend of three models: peer multiples, a fundamentals-adjusted multiple (growth, ROIC and margin) and a 10-year DCF scaled to the market's average. Earnings-power value (no growth) is a floor and not part of the blend. Model uncertainty is High, so the safety margin is 40%.
Price $501
Undervalued < $247Fair $247 – $575Overvalued > $575
10-year DCF (market-scaled)
$170
Peer multiples
$345
Earnings power floor (not blended)
$145
Fundamentals-adjusted multiple
$718
Growth the price implies
24.4%/yr
A model estimate, not a price target or recommendation. Inputs: risk-free 5.09%, equity risk premium 4.23% (Damodaran). How it works.
What this means
Weak business, fairly priced
The price sits inside our fair-value band. A high score does not guarantee a good outcome; it shifts the odds a little. Use the checklist as a prompt for your own research.
Before you invest · decision checklist
Ticked boxes are filled in from our data; the rest are yours to answer.
The five-lens scan
Every score explained in one sentence, ranked against Materials peers. Open a lens to see the numbers behind it.
Valuation
Weak
32/100
Expensive against its sector on earnings and cash flow.
See the numbers →
EBIT / EV yield3.8%
Free-cash-flow yield2.7%
Fair value vs price0.8×
Growth
Fair
62/100
Growing at a typical pace for its sector.
See the numbers →
Revenue growth (3y)-0.1%
EPS growth (3y)10.6%
Growth consistency70%
Profitability
Weak
30/100
Earns lower returns on its capital than most peers.
See the numbers →
Return on invested capital6.3%
Operating margin20.6%
Gross profitability8.8%
Financial health
Fair
53/100
Balance sheet is in typical shape for its sector.
See the numbers →
Piotroski F-Score8 / 9
Net debt / EBITDA2.8×
Interest cover5.9×
Dividends
Fair
55/100
Dividend is typical for its sector.
See the numbers →
Dividend yield0.7%
Dividends vs free cash flow25%
Dividend growth7.2%
Quarterly results: last 6 quarters
+10.0%
Mar '25
+3.7%
Jun '25
+12.4%
Sep '25
+8.6%
Dec '25
+17.2%
Mar '26
+21.0%
Jun '26
Revenue against the same quarter a year earlier. Latest quarter revenue $1.9B, diluted EPS $4.17.
Compare with peers
CRH Crh Public Ltd Co61 VMC Vulcan Materials CO58Other Construction Materials companies by X-Ray Score.
Fundamentals checklist
● 2 Good · ● 9 Average · ● 5 BadCash quality
Earnings backed by cashBad
Free-cash-flow yieldBad
Risk models
Altman Z''Average
Piotroski F-ScoreGood
Growth
EPS growth (3y)Average
Free-cash-flow growth (3y)Average
Revenue growth (3y)Average
Growth consistencyAverage
Balance sheet
Current ratioAverage
Net debt / EBITDAAverage
Interest coverAverage
Valuation
Fair value vs priceBad
EBIT / EV yieldAverage
Profitability
Return on invested capitalBad
Operating marginGood
Gross profitabilityBad
Each check is graded against the company's sector, not a fixed number. Checklist score 40/100.
Financials
| FY21 | FY22 | FY23 | FY24 | FY25 | |
|---|---|---|---|---|---|
| Revenue | $5.4B | $6.2B | $5.9B | $5.7B | $6.2B |
| Operating income | $974M | $1.2B | $1.3B | $2.5B | $1.4B |
| Net income | $703M | $867M | $1.2B | $2.0B | $1.1B |
| Operating cash flow | $1.1B | $991M | $1.5B | $1.5B | $1.8B |
| Operating margin | 18.0% | 19.6% | 22.8% | 43.8% | 23.4% |
| Free cash flow | $715M | $509M | $878M | $604M | $978M |
| Diluted EPS | $11.22 | $13.87 | $18.82 | $32.41 | $18.77 |
Fiscal years, from SEC filings.
Technical summary
Daily
Bearish
5 bullish · 1 neutral · 10 bearish
Weekly
Strongly bearish
0 bullish · 1 neutral · 11 bearish
Monthly
Strongly bearish
1 bullish · 1 neutral · 6 bearish
Moving averages (daily)
| SMA 10 | 482.6 | Bullish |
| EMA 10 | 484.6 | Bullish |
| SMA 20 | 484.6 | Bullish |
| EMA 20 | 487.5 | Bullish |
| SMA 50 | 507.2 | Bearish |
| EMA 50 | 505.9 | Bearish |
| SMA 100 | 540.7 | Bearish |
| EMA 100 | 531.3 | Bearish |
| SMA 200 | 580.5 | Bearish |
| EMA 200 | 556.7 | Bearish |
Oscillators (daily)
| RSI (14) | 55.75 | Neutral |
| MACD (12, 26) | -6.14 | Bearish |
| Momentum (12) | 4.38 | Bullish |
| Stochastic %K (14) | 83.73 | Bearish |
| Williams %R (14) | -16.27 | Bearish |
| CCI (20) | 165.1 | Bearish |
Pivot points (classic, last session)
S3 480.5 | S2 487.3 | S1 494.1 | Pivot 501.0 | R1 507.7 | R2 514.6 | R3 521.3 |
Signals describe what the chart is doing, not what to do. Moving averages: price above the average is bullish. Oscillators use the usual thresholds (RSI 30/70, Stochastic 20/80, CCI ±100, Williams %R −80/−20; MACD and momentum above zero are bullish). Weekly and monthly views use closing prices only.
Dividends
Paid, last 12 months
3.33 USD
Yield on today's price
0.66%
Frequency
Quarterly
Next ex-dividend date
Not announced
| Ex-dividend date | Amount per share |
|---|---|
| 1 Sep 2026 | 0.8400 |
| 1 Jun 2026 | 0.8300 |
| 2 Mar 2026 | 0.8300 |
| 1 Dec 2025 | 0.8300 |
| 2 Sep 2025 | 0.8300 |
| 2 Jun 2025 | 0.7900 |
| 3 Mar 2025 | 0.7900 |
| 2 Dec 2024 | 0.7900 |
| 3 Sep 2024 | 0.7900 |
| 3 Jun 2024 | 0.7400 |
| 1 Mar 2024 | 0.7400 |
| 30 Nov 2023 | 0.7400 |
Ex-dividend dates and amounts from EODHD. Shown as declared, before tax.
MLM SEC filings
16 Sep 2026
8-KSEC EDGAR
Entered a material agreement
24 Aug 2026
8-KSEC EDGAR
Entered a material agreement; Completed an acquisition or disposal
18 Aug 2026
8-KSEC EDGAR
Entered a material agreement
14 Aug 2026
8-KSEC EDGAR
Entered a material agreement; Other events
12 Aug 2026
8-KSEC EDGAR
Entered a material agreement; Regulation FD disclosure
10 Aug 2026
424B5SEC EDGAR
424B5
10 Aug 2026
8-KSEC EDGAR
Other events
5 Aug 2026
8-KSEC EDGAR
Other events
Where the numbers come from
Statements SEC EDGAR filings (10-K, 10-Q), quarters derived from year-to-date figures.
Prices end-of-day closes, split-adjusted.
Industry inputs beta, multiples and equity risk premium from Damodaran Online (NYU Stern).
StocksXray is for education only and is not financial advice. Scores and fair values are model estimates from public filings and carry uncertainty.