Martin Marietta Materials (MLM) AI Stock Analysis

• Market Cap: $34.96B
• Dividend Yield: 0.54%
• Average Volume (3M): 368.82K
• Price to Earnings (P/E): 33.3
• Beta (1Y): 0.91
• Revenue Growth: -0.54%
• EPS Growth: -48.61%
• Country: US
• Employees: 9,400
• Sector: Basic Materials
• Sector Strength: 67
• Industry: Construction Materials
• EPS (TTM): 1.90
• Shares Outstanding: 60,285,410
• 10 Day Avg. Volume: 329,100
• 30 Day Avg. Volume: 368,819
• PEG Ratio: -0.68
• Price to Book (P/B): 3.69
• Price to Sales (P/S): 0.00
• P/FCF Ratio: 53.74
• Enterprise Value/Market Cap: 1.11
• Enterprise Value/Revenue: 1.47
• Enterprise Value/Gross Profit: 19.97
• Enterprise Value/Ebitda: 4.88
• 1Y Price Target: $608.17
• Price Target Upside: 4.87% Upside
• Rating Consensus: Strong Buy
• Number of Analyst Covering: 13

• Rating: 69 Neutral
• Price Target: $612.00 ▲(5.53%Upside)

Martin Marietta Materials demonstrates robust financial performance and positive growth outlook, particularly in infrastructure and nonresidential sectors. However, the stock's valuation appears stretched, and technical indicators suggest caution in the short term. Recent corporate events and earnings call insights support a stable long-term outlook.

Positive Factors

Financial Performance

MLM reiterated its full-year guidance with an EBITDA midpoint of $2.25 billion, indicating stability and confidence in its financial outlook.

Market Opportunities

End market strength, pricing potential, and other key takeaways from NDR bolster our conviction that Aggregates and Martin Marietta remain an attractive and differentiated investment opportunity.

Pricing Strategy

Aggregates pricing is tracking at the top end of its guidance and costs are moderating, setting MLM up for a strong performance.

Negative Factors

Construction Trends

Private construction trends are weakening to start the year, raising concerns that volumes could take a leg down into 2026 and placing pressure on price increases.

Pricing Timing Issues

The Jan 1 vs. April 1 price increase timing issue is expected to remain an area of heightened focus for investors until industry discipline is proven to be restored.

Stock Performance

MLM shares off -23% from November highs, reflecting investor concerns about the future.

Martin Marietta Materials Business Overview & Revenue Model

Company Description

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.

How the Company Makes Money

Martin Marietta generates revenue primarily through the sale of construction aggregates, such as crushed stone, sand, and gravel, which are essential components in concrete, asphalt, and various construction projects. The company's aggregates business is its largest revenue stream, benefiting from sustained demand in the infrastructure and construction sectors. Additionally, Martin Marietta produces cement and ready-mixed concrete, which contribute to its earnings. The company also engages in asphalt production, further diversifying its product offerings. Strategic acquisitions and partnerships in key geographic regions enhance its market reach and operational efficiency, driving sustained revenue growth.

Martin Marietta Materials Financial Statement Overview

Summary

Martin Marietta Materials displays solid financial stability with consistent revenue growth and strong operational efficiency. Despite a slight decline in profitability metrics and return on equity, the company's capital structure remains robust, supported by healthy cash flow.

Income Statement

Martin Marietta Materials exhibits solid financial performance with a consistent revenue growth trajectory. The TTM gross profit margin stands at 29.24%, indicating efficient cost management. However, the net profit margin has declined from the previous year to 16.07% in the TTM, mainly due to reduced net income. The revenue growth rate from 2024 to TTM is modest at 1.55%, reflecting stable but slow growth in sales. The company maintains a strong EBITDA margin of 29.94%, highlighting operational efficiency.

Balance Sheet

The company has a moderate debt-to-equity ratio of 0.58, indicating a balanced approach to leverage. The equity ratio is solid at 51.26%, suggesting a strong capital structure. However, the return on equity has decreased to 11.75% in the TTM, reflecting a need for better capital utilization. Overall, the balance sheet portrays a stable financial position with a focus on equity.

Cash Flow

Martin Marietta Materials demonstrates a healthy operating cash flow to net income ratio of 1.41, indicating robust cash generation relative to profit. Free cash flow has grown by 2.15% from 2024 to TTM, showcasing effective cash management. However, the free cash flow to net income ratio is lower at 0.58, indicating that a significant portion of earnings is reinvested or impacted by capital expenditures.

Breakdown	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	6.54B	6.78B	6.16B	5.41B	4.73B
Gross Profit	1.88B	2.02B	1.42B	1.35B	1.25B
EBITDA	3.33B	2.17B	1.59B	1.46B	1.42B
Net Income	2.00B	1.17B	866.80M	702.50M	721.00M
Balance Sheet
Total Assets	18.17B	15.12B	14.99B	14.39B	10.58B
Cash, Cash Equivalents and Short-Term Investments	670.00M	1.27B	358.00M	258.40M	207.30M
Total Debt	5.80B	4.92B	5.04B	5.10B	2.63B
Total Liabilities	8.71B	7.09B	7.82B	7.86B	4.69B
Stockholders Equity	9.45B	8.03B	7.17B	6.54B	5.89B
Cash Flow
Free Cash Flow	604.00M	878.10M	509.40M	714.60M	690.40M
Operating Cash Flow	1.46B	1.53B	991.20M	1.14B	1.05B
Investing Cash Flow	-2.44B	458.70M	-483.80M	-3.47B	-409.70M
Financing Cash Flow	373.00M	-1.06B	-407.50M	2.29B	-357.00M

Martin Marietta Materials Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 579.92
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For MLM, the sentiment is Positive. The current price of 579.92 is above the 20-day moving average (MA) of 565.52, above the 50-day MA of 556.41, and above the 200-day MA of 537.54, indicating a bullish trend. The MACD of 7.69 indicates Negative momentum. The RSI at 58.16 is Neutral, neither overbought nor oversold. The STOCH value of 76.69 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for MLM.

Martin Marietta Materials Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
VMC	78 Outperform	$35.68B	38.30	12.10%	0.69%	-2.24%	3.00%
EXP	77 Outperform	$7.21B	16.28	31.87%	0.44%	0.88%	-4.17%
CX	75 Outperform	$12.71B	8.19	7.12%	0.98%	-9.62%	795.20%
MLM	69 Neutral	$34.96B	33.34	11.88%	0.54%	-0.54%	-48.61%
KNF	68 Neutral	$4.65B	25.78	13.76%	―	2.48%	2.22%
Sector *	44 Neutral	AU$1.49B	-6.14	-41.46%	4.16%	-2.94%	-41.86%

Martin Marietta Materials Corporate Events

Martin Marietta Appoints New CFO Michael J. Petro

On July 7, 2025, Martin Marietta Materials announced the appointment of Michael J. Petro as Senior Vice President and Chief Financial Officer, effective July 8, 2025. Petro, who has been with the company since 2015, has played a significant role in the company’s strategic growth initiatives and will continue to oversee the Strategy and Development team. This appointment is expected to further strengthen Martin Marietta’s financial leadership and support its ongoing strategy to deliver long-term value for shareholders.

The most recent analyst rating on (MLM) stock is a Buy with a $658.00 price target. To see the full list of analyst forecasts on Martin Marietta Materials stock, see the MLM Stock Forecast page.

Martin Marietta Holds Annual Shareholder Meeting 2025

Martin Marietta Materials, Inc. held its Annual Meeting of Shareholders on May 15, 2025, with a 92% quorum of shares represented. During the meeting, ten directors were elected to the Board, PricewaterhouseCoopers LLP was ratified as the independent auditor for 2025, executive compensation was approved, and the 2025 Employee Stock Purchase Plan was sanctioned. These decisions reflect the company’s strategic direction and governance, potentially impacting its operational efficiency and stakeholder confidence.

The most recent analyst rating on (MLM) stock is a Buy with a $696.00 price target. To see the full list of analyst forecasts on Martin Marietta Materials stock, see the MLM Stock Forecast page.

Martin Marietta Reports Strong Q1 2025 Financial Results

On April 30, 2025, Martin Marietta Materials announced its financial results for the first quarter ending March 31, 2025, highlighting significant growth in key areas. The company reported an 8% increase in revenues to $1.3 billion and a 23% rise in gross profit to $335 million, driven by pricing momentum, cost discipline, and acquisition contributions. The aggregates segment saw a record gross profit per ton growth of 16%, while the Magnesia Specialties business achieved quarterly records in revenues and profitability. Despite challenges such as winter weather and reduced residential demand, the company maintained strong performance, supported by infrastructure demand and strategic positioning in growth markets. Cash generation improved, with $218 million provided by operating activities, and the company returned $499 million to shareholders through dividends and share repurchases.