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Stocks/Materials/Construction Materials

Martin Marietta MaterialsMLM

Construction Materials · Raleigh, North Carolina · In the S&P 500
High qualityPricier than peers
$540.41+1.13%After hours: $540.61 (+0.04%)At the close, 30 Oct · Prices from CNBC, may be delayed
▼ 12.4% over 1 year
Martin Marietta Materials over 1 yearDaily close, $, to 30 Oct 2026
$500$600$700Nov2026MarMayJulSep$540.41$500$600$700NovMarJul$540.41
Source: Nasdaq daily closes
Market value$38.38B
Price to earnings35.1x
Forward P/E29.5x
Dividend yield0.62%
Year to date−13.2%
One year−12.4%
Next earningsWed 4 Nov, before the open
SectorMaterials
52-week range (closes)
$471.10$708.11

Quality and valuation

How Martin Marietta Materials compares with other materials stocks. A description, not a recommendation.

Martin Marietta Materials and 4 construction materials peers. Across: valuation (P/E) against the sector. Up: business quality against the sector. Hover or tap a logo for its numbers.

Business quality: stronger than mostValuation: pricier than most

A stronger business than most materials companies, priced above most of them.

Martin Marietta Materials trades at 29.5 times the next 12 months of expected earnings, against a median of 16.1x for the 28 materials stocks we cover. The quality score blends where it ranks on revenue growth, gross margin, operating margin and free-cash-flow margin (net margin for banks and insurers) over the last 12 months, from SEC filings.

  • Revenue grew faster than the sector median: +14.8% vs +9.1%
  • Keeps more of each sale (gross margin): 28.2% vs 27.9%
  • More profitable (operating margin): 20.6% vs 10.9%
  • Turns more of its sales into cash: 12.1% vs 7.6%
MLM trades at 29.5x forward earnings, above the sector medianForward p/e, Construction Materials peers
NEM12.0xAEM14.6xFCX16.0xLIN27.6xMLM29.5xECL35.5xSector median 16.1xNEM12.0xAEM14.6xFCX16.0xLIN27.6xMLM29.5xECL35.5xSector median 16.1x
Source: CNBC quotes; Mostly Markets
At 13.3x earnings, MLM is cheaper than its average since Aug 2024Price over the last 12 months of reported (GAAP) diluted EPS
P/EUsual range (±1 s.d.)
20x30xAverage 23.0x2025202613.3x20x30xAverage 23.0x2025202613.3x
Source: Nasdaq prices; SEC filings

Financials

From Martin Marietta Materials's SEC filings, through the quarter ending 30 Jun 2026. Hover or tap a bar for its value.

Revenue grew 21.0% from a year earlierQuarterly revenue, $bn, latest Q2 ’26
$0.0bn$0.5bn$1.0bn$1.5bnQ3 ’24Q1 ’25Q3 ’25$1.9bnQ2 ’26$0bn$1bnQ3 ’24Q1 ’25Q3 ’25$1.9bnQ2 ’26
Source: SEC filings
Growth sped up to +21.0% last quarterRevenue growth, year on year, %
−20%0%20%Q4 ’24Q1 ’25Q2 ’25Q3 ’25Q4 ’25Q1 ’2621.0%Q2 ’26−20%0%20%Q4 ’24Q2 ’25Q4 ’2521.0%Q2 ’26
Source: SEC filings
Operating margin was 19.1% last quarterOperating income as a share of revenue, %
0%10%20%Q3 ’24Q1 ’25Q3 ’2519.1%Q2 ’260%10%20%Q3 ’24Q1 ’25Q3 ’2519.1%Q2 ’26
Source: SEC filings
Free cash flow was $810 million over 12 monthsQuarterly free cash flow (operating cash flow minus capex), $m
$0m$200m$400mQ3 ’24Q1 ’25Q3 ’25−$16mQ2 ’26$0m$200m$400mQ3 ’24Q1 ’25Q3 ’25−$16mQ2 ’26
Source: SEC filings
Last 12 monthsMLMSector median
Revenue growth+14.8%+9.1%
Gross margin28.2%27.9%
Operating margin20.6%10.9%
Free cash flow margin12.1%7.6%
Price to earnings35.1x19.9x

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