Martin Marietta Materials (MLM) AI Stock Analysis

• Market Cap: $35.58B
• Dividend Yield: 0.54%
• Average Volume (3M): 369.11K
• Price to Earnings (P/E): 31.1
• Beta (1Y): 0.76
• Revenue Growth: 1.99%
• EPS Growth: -41.08%
• Country: US
• Employees: 9,400
• Sector: Basic Materials
• Sector Strength: 58
• Industry: Construction Materials
• EPS (TTM): 5.97
• Shares Outstanding: 60,307,144
• 10 Day Avg. Volume: 436,053
• 30 Day Avg. Volume: 369,108
• PEG Ratio: 0.22
• Price to Book (P/B): 3.35
• Price to Sales (P/S): 4.85
• P/FCF Ratio: 52.51
• Enterprise Value/Market Cap: 1.23
• Enterprise Value/Revenue: 6.61
• Enterprise Value/Gross Profit: 22.13
• Enterprise Value/Ebitda: 19.84
• 1Y Price Target: $661.73
• Price Target Upside: 11.56% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 12
• EPS Forecast (FY): 18.34
• Revenue Forecast (FY): $6.65B

• Rating: 68 Neutral
• Price Target: $682.00 ▲(14.97% Upside)

Martin Marietta Materials' overall stock score is driven by a strong earnings call performance and a stable financial position. However, the high P/E ratio and low dividend yield weigh negatively on the valuation score. Technical indicators suggest a neutral market position, with no strong momentum signals. The company's strategic focus on infrastructure and nonresidential construction provides a positive outlook, despite some operational challenges.

Positive Factors

Strong Aggregates Performance

The significant growth in aggregates revenue and profit highlights Martin Marietta's strong market position and ability to capitalize on infrastructure demand, ensuring long-term revenue stability.

Improved Safety Performance

Enhanced safety performance reflects effective management practices, reducing operational risks and potentially lowering costs associated with workplace incidents.

Strategic Asset Exchange

The strategic asset exchange positions Martin Marietta for growth, aligning with long-term goals and enhancing its competitive advantage in the construction materials industry.

Negative Factors

Declining Net Profit Margins

The significant drop in net profit margins indicates challenges in maintaining profitability, which could affect long-term financial health if not addressed.

Weakness in Downstream Products

Declining revenues in downstream products suggest operational challenges, potentially impacting overall profitability and growth prospects.

Impact of Government Shutdowns

Government shutdowns could disrupt administrative functions and project timelines, affecting revenue recognition and operational efficiency in the long term.

Martin Marietta Materials Business Overview & Revenue Model

Company Description

Martin Marietta Materials, Inc. is a leading supplier of construction materials in the United States, focusing primarily on aggregates, cement, and ready-mixed concrete. The company operates in two main segments: the Aggregates segment, which includes crushed stone, sand, and gravel, and the Cement segment, which encompasses the production and sale of cement. Martin Marietta serves a diverse range of customers, including public and private construction projects, infrastructure development, and various industrial applications.

How the Company Makes Money

Martin Marietta generates revenue primarily through the sale of construction materials. The Aggregates segment is the largest revenue contributor, as aggregates are essential components in construction and infrastructure projects, including roads, bridges, and commercial buildings. The company benefits from a robust pricing strategy and a high demand for aggregates driven by ongoing construction activity. Additionally, the Cement segment adds to revenue through the sale of cement used in various construction applications. Martin Marietta also engages in strategic partnerships and acquisitions to expand its market presence and enhance operational efficiency. The company's earnings are further supported by favorable economic conditions and infrastructure spending initiatives at both the federal and state levels.

Martin Marietta Materials Financial Statement Overview

Summary

Martin Marietta Materials shows a stable financial position with strong gross margins and a solid balance sheet. However, challenges in maintaining revenue growth and profitability are evident, as seen in declining net profit margins and return on equity. Cash flow generation remains a positive aspect, supporting the company's financial health despite some operational inefficiencies.

Income Statement

The income statement shows a mixed performance. The TTM gross profit margin is healthy at 30.6%, indicating efficient cost management. However, the net profit margin has decreased to 16.8% from 30.5% in the previous year, reflecting a significant drop in profitability. Revenue growth is negative in the TTM, suggesting challenges in maintaining sales momentum. The EBIT and EBITDA margins have also declined, indicating reduced operational efficiency.

Balance Sheet

The balance sheet reflects a stable financial position with a debt-to-equity ratio of 0.54 in the TTM, showing a decrease from previous years, which is a positive sign of reduced leverage. The return on equity has decreased to 11.2% in the TTM from 21.1% in the previous year, indicating lower profitability relative to shareholder equity. The equity ratio remains strong, suggesting a solid capital structure.

Cash Flow

Cash flow analysis reveals a positive trend with a 4.6% growth in free cash flow in the TTM, indicating improved cash generation. The operating cash flow to net income ratio is 0.35, lower than previous years, suggesting a potential area for improvement. The free cash flow to net income ratio is stable at 0.55, reflecting consistent cash flow relative to net income.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	6.64B	6.54B	6.78B	6.16B	5.41B	4.73B
Gross Profit	1.98B	1.88B	2.02B	1.42B	1.35B	1.25B
EBITDA	2.21B	3.34B	2.17B	1.77B	1.45B	1.40B
Net Income	1.15B	2.00B	1.17B	867.00M	702.50M	721.00M
Balance Sheet
Total Assets	18.65B	18.17B	15.13B	14.99B	14.39B	10.58B
Cash, Cash Equivalents and Short-Term Investments	57.00M	670.00M	1.27B	358.00M	258.40M	207.30M
Total Debt	5.90B	5.80B	4.73B	5.43B	5.53B	3.08B
Total Liabilities	8.91B	8.71B	7.09B	7.82B	7.86B	4.69B
Stockholders Equity	9.73B	9.45B	8.03B	7.17B	6.54B	5.89B
Cash Flow
Free Cash Flow	1.01B	604.00M	878.00M	509.00M	714.60M	690.40M
Operating Cash Flow	1.84B	1.46B	1.53B	991.00M	1.14B	1.05B
Investing Cash Flow	-2.59B	-2.44B	459.00M	-484.00M	-3.47B	-409.70M
Financing Cash Flow	769.00M	373.00M	-1.06B	-407.00M	2.29B	-357.00M

Martin Marietta Materials Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 593.18
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Positive
• MACD: Positive
• RSI: Neutral
• STOCH: Positive

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For MLM, the sentiment is Negative. The current price of 593.18 is below the 20-day moving average (MA) of 614.32, below the 50-day MA of 620.23, and above the 200-day MA of 558.59, indicating a neutral trend. The MACD of -6.01 indicates Positive momentum. The RSI at 33.70 is Neutral, neither overbought nor oversold. The STOCH value of 5.38 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for MLM.

Martin Marietta Materials Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
CX	78 Outperform	$15.20B	10.91	7.10%	0.86%	-6.34%	210.97%
VMC	72 Outperform	$37.07B	33.35	13.56%	0.70%	6.54%	32.48%
TGLS	70 Outperform	$2.63B	14.39	26.21%	1.33%	15.70%	19.92%
MLM	68 Neutral	$35.58B	31.08	11.63%	0.54%	1.99%	-41.08%
EXP	67 Neutral	$6.48B	14.91	30.10%	0.48%	1.50%	-4.44%
KNF	67 Neutral	$3.75B	25.42	9.71%	―	5.52%	-25.56%
Sector *	61 Neutral	$10.43B	7.12	-0.05%	2.87%	2.86%	-36.73%

Martin Marietta Materials Corporate Events

Martin Marietta Reports Record Third-Quarter Results

Martin Marietta Materials, Inc., a prominent supplier of aggregates and heavy building materials, operates within the construction sector, providing essential resources for infrastructure and building projects across the United States, Canada, and The Bahamas. In its third-quarter 2025 earnings report, Martin Marietta announced record-breaking revenues and profitability, particularly in its aggregates and Specialties business segments, prompting an upward revision of its full-year guidance. The company reported a 12% increase in revenues to $1.846 billion and a 19% rise in gross profit to $611 million compared to the previous year. Key performance metrics included a 23% increase in earnings per diluted share from continuing operations and an 8% rise in aggregates shipments. The Specialties business achieved record revenues of $131 million, driven by strong pricing and increased shipments. Looking ahead, Martin Marietta remains optimistic about future growth, supported by robust infrastructure demand and strategic portfolio optimization efforts, positioning the company to continue delivering strong financial performance and shareholder value.

Martin Marietta’s Earnings Call Highlights Record Growth

Martin Marietta Materials recently held its earnings call, showcasing a strong financial performance and record achievements in their aggregates and specialties businesses. The sentiment was largely positive, with optimism for future growth, although some challenges were noted in downstream products and potential impacts from government shutdowns.

Martin Marietta Reports Record Q3 2025 Financial Results

On November 4, 2025, Martin Marietta reported record financial results for the third quarter of 2025, with significant increases in revenues, gross profit, and earnings from operations compared to the previous year. The company achieved all-time quarterly records in its aggregates business and raised its full-year guidance for Consolidated Adjusted EBITDA. The acquisition of Premier Magnesia and a strategic asset exchange with Quikrete Holdings are expected to enhance Martin Marietta’s portfolio and operational capabilities.

The most recent analyst rating on (MLM) stock is a Buy with a $680.00 price target. To see the full list of analyst forecasts on Martin Marietta Materials stock, see the MLM Stock Forecast page.

Martin Marietta Extends Securitization Facility Maturity Date

On September 16, 2025, Martin Marietta Materials, Inc. and its subsidiary entered into the Seventeenth Amendment to extend the maturity date of their $400 million trade receivables securitization facility to September 16, 2026. This amendment allows for potential increase of the facility to $600 million, impacting the company’s financial operations by providing more flexibility in managing its trade receivables and potentially enhancing its liquidity position.

The most recent analyst rating on (MLM) stock is a Buy with a $600.00 price target. To see the full list of analyst forecasts on Martin Marietta Materials stock, see the MLM Stock Forecast page.

Martin Marietta Unveils SOAR 2030 Strategic Plan

On September 3, 2025, Martin Marietta Materials presented its SOAR 2030 plan during its Capital Markets Day, highlighting its strategic focus on disciplined pricing, operational excellence, and market expansion. The company emphasized its strong financial performance and shareholder returns, while acknowledging potential risks and uncertainties that could impact future results.

The most recent analyst rating on (MLM) stock is a Hold with a $670.00 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 Q2 2025 Results

Martin Marietta Materials, Inc. is a major American supplier of building materials, including aggregates, cement, ready mixed concrete, and asphalt, with operations across the United States, Canada, and The Bahamas. The company also operates a Magnesia Specialties business, providing high-purity magnesia and dolomitic lime products for various applications.

Martin Marietta’s Earnings Call Highlights Resilience and Growth

Martin Marietta’s recent earnings call showcased a robust financial performance and strategic growth initiatives, despite facing some operational challenges. The overall sentiment was positive, with the company demonstrating resilience through increased EBITDA guidance and favorable market trends in infrastructure and nonresidential construction.

Martin Marietta Enters Equity and Asset Exchange

On August 3, 2025, Martin Marietta Materials entered into an Equity and Asset Exchange Agreement with Quikrete Holdings. This agreement involves Martin Marietta exchanging its cement and ready-mix concrete operations in North Texas for Quikrete’s aggregates operations in several regions and $450 million in cash. The transaction is subject to regulatory approvals and customary closing conditions. This strategic move is expected to impact Martin Marietta’s operations by shifting its focus more towards aggregates, potentially affecting its market positioning and stakeholder interests.

The most recent analyst rating on (MLM) stock is a Buy with a $646.00 price target. To see the full list of analyst forecasts on Martin Marietta Materials stock, see the MLM Stock Forecast page.

Martin Marietta Reports Record Q2 2025 Profitability

On August 7, 2025, Martin Marietta Materials reported its second-quarter 2025 financial results, highlighting record profitability in its aggregates unit and Magnesia Specialties business. The company achieved a 3% increase in revenues to $1.811 billion and a 15% rise in earnings from operations compared to the previous year. The company also announced a strategic asset exchange agreement with Quikrete Holdings, Inc. and completed the acquisition of Premier Magnesia, LLC, enhancing its position in the magnesia-based products market. These moves are expected to strengthen Martin Marietta’s long-term earnings growth potential and provide a more resilient earnings profile through economic cycles.

The most recent analyst rating on (MLM) stock is a Buy with a $646.00 price target. To see the full list of analyst forecasts on Martin Marietta Materials stock, see the MLM Stock Forecast page.