MARTIN MARIETTA MATERIALS (MLM) Fundamental Analysis & Valuation

NYSE:MLM • US5732841060

590.54 USD
+3.17 (+0.54%)
Last: Mar 13, 2026, 10:37 AM
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This MLM fundamental analysis includes valuation metrics, fair value assessment, financial health analysis, profitability trends, growth metrics and dividend sustainability analysis.

Fundamental Rating

6

MLM gets a fundamental rating of 6 out of 10. The analysis compared the fundamentals against 13 industry peers in the Construction Materials industry. MLM gets an excellent profitability rating and is at the same time showing great financial health properties. While showing a medium growth rate, MLM is valued expensive at the moment. With these ratings, MLM could be worth investigating further for quality investing!.


Dividend Valuation Growth Profitability Health

7

1. MLM Profitability Analysis

1.1 Basic Checks

  • In the past year MLM was profitable.
  • In the past year MLM had a positive cash flow from operations.
  • In the past 5 years MLM has always been profitable.
  • Each year in the past 5 years MLM had a positive operating cash flow.
MLM Yearly Net Income VS EBIT VS OCF VS FCFMLM Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 500M 1B 1.5B

1.2 Ratios

  • The Return On Assets of MLM (6.08%) is comparable to the rest of the industry.
  • With a Return On Equity value of 11.33%, MLM perfoms like the industry average, outperforming 53.85% of the companies in the same industry.
  • The Return On Invested Capital of MLM (6.78%) is comparable to the rest of the industry.
  • The Average Return On Invested Capital over the past 3 years for MLM is in line with the industry average of 8.87%.
Industry RankSector Rank
ROA 6.08%
ROE 11.33%
ROIC 6.78%
ROA(3y)8.26%
ROA(5y)7.09%
ROE(3y)15.66%
ROE(5y)13.96%
ROIC(3y)7.11%
ROIC(5y)6.67%
MLM Yearly ROA, ROE, ROICMLM Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 5 10 15 20

1.3 Margins

  • Looking at the Profit Margin, with a value of 17.38%, MLM belongs to the top of the industry, outperforming 84.62% of the companies in the same industry.
  • In the last couple of years the Profit Margin of MLM has grown nicely.
  • The Operating Margin of MLM (23.44%) is better than 84.62% of its industry peers.
  • MLM's Operating Margin has improved in the last couple of years.
  • MLM's Gross Margin of 29.91% is fine compared to the rest of the industry. MLM outperforms 61.54% of its industry peers.
  • MLM's Gross Margin has improved in the last couple of years.
Industry RankSector Rank
OM 23.44%
PM (TTM) 17.38%
GM 29.91%
OM growth 3Y11.52%
OM growth 5Y2.39%
PM growth 3Y9.53%
PM growth 5Y3.95%
GM growth 3Y9.96%
GM growth 5Y3.01%
MLM Yearly Profit, Operating, Gross MarginsMLM Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 10 20 30

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ROAROEROICOperating and Profit MarginShow most profitable peers

7

2. MLM Health Analysis

2.1 Basic Checks

  • MLM has a Return on Invested Capital (ROIC), which is below the Cost of Capital (WACC), which means it is destroying value.
  • MLM has less shares outstanding than it did 1 year ago.
  • MLM has less shares outstanding than it did 5 years ago.
  • MLM has a better debt/assets ratio than last year.
MLM Yearly Shares OutstandingMLM Yearly Shares OutstandingYearly Shares Outstanding 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 20M 40M 60M
MLM Yearly Total Debt VS Total AssetsMLM Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 5B 10B 15B

2.2 Solvency

  • An Altman-Z score of 3.70 indicates that MLM is not in any danger for bankruptcy at the moment.
  • MLM has a Altman-Z score of 3.70. This is in the better half of the industry: MLM outperforms 76.92% of its industry peers.
  • MLM has a debt to FCF ratio of 5.44. This is a neutral value as MLM would need 5.44 years to pay back of all of its debts.
  • MLM has a Debt to FCF ratio of 5.44. This is in the better half of the industry: MLM outperforms 69.23% of its industry peers.
  • A Debt/Equity ratio of 0.53 indicates that MLM is somewhat dependend on debt financing.
  • MLM has a Debt to Equity ratio of 0.53. This is in the lower half of the industry: MLM underperforms 61.54% of its industry peers.
Industry RankSector Rank
Debt/Equity 0.53
Debt/FCF 5.44
Altman-Z 3.7
ROIC/WACC0.66
WACC10.34%
MLM Yearly LT Debt VS Equity VS FCFMLM Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2B 4B 6B 8B 10B

2.3 Liquidity

  • MLM has a Current Ratio of 3.57. This indicates that MLM is financially healthy and has no problem in meeting its short term obligations.
  • MLM has a better Current ratio (3.57) than 84.62% of its industry peers.
  • MLM has a Quick Ratio of 2.36. This indicates that MLM is financially healthy and has no problem in meeting its short term obligations.
  • With an excellent Quick ratio value of 2.36, MLM belongs to the best of the industry, outperforming 84.62% of the companies in the same industry.
Industry RankSector Rank
Current Ratio 3.57
Quick Ratio 2.36
MLM Yearly Current Assets VS Current LiabilitesMLM Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 1B 2B 3B

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WACCDebt/EquityHow to determine the health of a companyAltman-Z scoreShow peers with great health

5

3. MLM Growth Analysis

3.1 Past

  • MLM shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 8.11%, which is quite good.
  • The Earnings Per Share has been growing by 11.97% on average over the past years. This is quite good.
  • Looking at the last year, MLM shows a small growth in Revenue. The Revenue has grown by 0.12% in the last year.
  • Measured over the past years, MLM shows a small growth in Revenue. The Revenue has been growing by 5.39% on average per year.
EPS 1Y (TTM)8.11%
EPS 3Y15.82%
EPS 5Y11.97%
EPS Q2Q%-3.55%
Revenue 1Y (TTM)0.12%
Revenue growth 3Y-0.06%
Revenue growth 5Y5.39%
Sales Q2Q%-6%

3.2 Future

  • Based on estimates for the next years, MLM will show a quite strong growth in Earnings Per Share. The EPS will grow by 9.60% on average per year.
  • Based on estimates for the next years, MLM will show a small growth in Revenue. The Revenue will grow by 7.37% on average per year.
EPS Next Y8.89%
EPS Next 2Y10.42%
EPS Next 3Y13.74%
EPS Next 5Y9.6%
Revenue Next Year8.84%
Revenue Next 2Y8.62%
Revenue Next 3Y8.13%
Revenue Next 5Y7.37%

3.3 Evolution

  • The EPS growth rate is stable: in the next years the growth will be about the same than in the last years.
  • The Revenue growth rate is accelerating: in the next years the growth will be better than in the last years.
MLM Yearly Revenue VS EstimatesMLM Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2015 2017 2019 2021 2023 2025 2027 2029 2031 2033 2B 4B 6B 8B 10B
MLM Yearly EPS VS EstimatesMLM Yearly EPS VS EstimatesYearly EPS VS Estimates 2015 2017 2019 2021 2023 2025 2027 2029 2031 2033 10 20 30

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Find the best growth stocksShow best growing peers

1

4. MLM Valuation Analysis

4.1 Price/Earnings Ratio

  • MLM is valuated quite expensively with a Price/Earnings ratio of 31.41.
  • 69.23% of the companies in the same industry are cheaper than MLM, based on the Price/Earnings ratio.
  • MLM's Price/Earnings ratio indicates a valuation a bit more expensive than the S&P500 average which is at 25.71.
  • With a Price/Forward Earnings ratio of 28.85, MLM can be considered very expensive at the moment.
  • Based on the Price/Forward Earnings ratio, MLM is valued a bit more expensive than 69.23% of the companies in the same industry.
  • When comparing the Price/Forward Earnings ratio of MLM to the average of the S&P500 Index (23.82), we can say MLM is valued slightly more expensively.
Industry RankSector Rank
PE 31.41
Fwd PE 28.85
MLM Price Earnings VS Forward Price EarningsMLM Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 10 20 30

4.2 Price Multiples

  • Based on the Enterprise Value to EBITDA ratio, MLM is valued a bit more expensive than the industry average as 76.92% of the companies are valued more cheaply.
  • Compared to the rest of the industry, the Price/Free Cash Flow ratio of MLM is on the same level as its industry peers.
Industry RankSector Rank
P/FCF 36.42
EV/EBITDA 18.74
MLM Per share dataMLM EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 50 100 150

4.3 Compensation for Growth

  • The high PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates MLM does not grow enough to justify the current Price/Earnings ratio.
  • MLM has a very decent profitability rating, which may justify a higher PE ratio.
  • A more expensive valuation may be justified as MLM's earnings are expected to grow with 13.74% in the coming years.
PEG (NY)3.53
PEG (5Y)2.62
EPS Next 2Y10.42%
EPS Next 3Y13.74%

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Price/EarningsPrice/FCFFCF per shareEV/EBITDAPEG RATIOShow best valued peers

6

5. MLM Dividend Analysis

5.1 Amount

  • With a yearly dividend of 0.52%, MLM is not a good candidate for dividend investing.
  • MLM's Dividend Yield is a higher than the industry average which is at 2.11.
  • Compared to an average S&P500 Dividend Yield of 1.82, MLM's dividend is way lower than the S&P500 average.
Industry RankSector Rank
Dividend Yield 0.52%

5.2 History

  • On average, the dividend of MLM grows each year by 7.47%, which is quite nice.
  • MLM has paid a dividend for at least 10 years, which is a reliable track record.
  • MLM has not decreased their dividend for at least 10 years, which is a reliable track record.
Dividend Growth(5Y)7.47%
Div Incr Years9
Div Non Decr Years30
MLM Yearly Dividends per shareMLM Yearly Dividends per shareYearly Dividends per share 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 1 2 3

5.3 Sustainability

  • 17.33% of the earnings are spent on dividend by MLM. This is a low number and sustainable payout ratio.
  • The dividend of MLM is growing, but earnings are growing more, so the dividend growth is sustainable.
DP17.33%
EPS Next 2Y10.42%
EPS Next 3Y13.74%
MLM Yearly Income VS Free CF VS DividendMLM Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 500M 1B 1.5B
MLM Dividend Payout.MLM Dividend Payout, showing the Payout Ratio.MLM Dividend Payout.PayoutRetained Earnings

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Find the best dividend stocksShow peers with best dividend

MLM Fundamentals: All Metrics, Ratios and Statistics

MARTIN MARIETTA MATERIALS

NYSE:MLM (3/13/2026, 10:37:57 AM)

590.54

+3.17 (+0.54%)

Chartmill FA Rating
GICS SectorMaterials
GICS IndustryGroupMaterials
GICS IndustryConstruction Materials
Earnings (Last)02-11
Earnings (Next)04-28
Inst Owners101%
Inst Owner Change0.63%
Ins Owners0.6%
Ins Owner Change9.15%
Market Cap35.62B
Revenue(TTM)6.54B
Net Income(TTM)1.14B
Analysts74.67
Price Target711.05 (20.41%)
Short Float %2.73%
Short Ratio3.39
Dividend
Industry RankSector Rank
Dividend Yield 0.52%
Yearly Dividend3.24
Dividend Growth(5Y)7.47%
DP17.33%
Div Incr Years9
Div Non Decr Years30
Ex-Date03-02
Surprises & Revisions
EPS beat(2)1
Avg EPS beat(2)-0.23%
Min EPS beat(2)-1.52%
Max EPS beat(2)1.06%
EPS beat(4)3
Avg EPS beat(4)0.61%
Min EPS beat(4)-1.52%
Max EPS beat(4)1.56%
EPS beat(8)5
Avg EPS beat(8)-0.91%
EPS beat(12)9
Avg EPS beat(12)12.83%
EPS beat(16)11
Avg EPS beat(16)7.33%
Revenue beat(2)0
Avg Revenue beat(2)-7.26%
Min Revenue beat(2)-11.29%
Max Revenue beat(2)-3.22%
Revenue beat(4)0
Avg Revenue beat(4)-4.88%
Min Revenue beat(4)-11.29%
Max Revenue beat(4)-0.88%
Revenue beat(8)0
Avg Revenue beat(8)-4.43%
Revenue beat(12)1
Avg Revenue beat(12)-2.61%
Revenue beat(16)5
Avg Revenue beat(16)0.16%
PT rev (1m)1.8%
PT rev (3m)4.06%
EPS NQ rev (1m)-16.49%
EPS NQ rev (3m)-14.92%
EPS NY rev (1m)-5.86%
EPS NY rev (3m)-7.32%
Revenue NQ rev (1m)-7.81%
Revenue NQ rev (3m)-8.08%
Revenue NY rev (1m)-1.26%
Revenue NY rev (3m)-4.94%
Valuation
Industry RankSector Rank
PE 31.41
Fwd PE 28.85
P/S 5.44
P/FCF 36.42
P/OCF 19.95
P/B 3.55
P/tB 5.98
EV/EBITDA 18.74
EPS(TTM)18.8
EY3.18%
EPS(NY)20.47
Fwd EY3.47%
FCF(TTM)16.22
FCFY2.75%
OCF(TTM)29.6
OCFY5.01%
SpS108.49
BVpS166.34
TBVpS98.81
PEG (NY)3.53
PEG (5Y)2.62
Graham Number265.26
Profitability
Industry RankSector Rank
ROA 6.08%
ROE 11.33%
ROCE 8.61%
ROIC 6.78%
ROICexc 6.81%
ROICexgc 8.83%
OM 23.44%
PM (TTM) 17.38%
GM 29.91%
FCFM 14.95%
ROA(3y)8.26%
ROA(5y)7.09%
ROE(3y)15.66%
ROE(5y)13.96%
ROIC(3y)7.11%
ROIC(5y)6.67%
ROICexc(3y)7.49%
ROICexc(5y)6.96%
ROICexgc(3y)10.47%
ROICexgc(5y)10.01%
ROCE(3y)9.02%
ROCE(5y)8.47%
ROICexgc growth 3Y-4.17%
ROICexgc growth 5Y-5.75%
ROICexc growth 3Y0.95%
ROICexc growth 5Y-4.03%
OM growth 3Y11.52%
OM growth 5Y2.39%
PM growth 3Y9.53%
PM growth 5Y3.95%
GM growth 3Y9.96%
GM growth 5Y3.01%
F-Score7
Asset Turnover0.35
Health
Industry RankSector Rank
Debt/Equity 0.53
Debt/FCF 5.44
Debt/EBITDA 2.44
Cap/Depr 126.69%
Cap/Sales 12.33%
Interest Coverage 6.7
Cash Conversion 82.22%
Profit Quality 86.02%
Current Ratio 3.57
Quick Ratio 2.36
Altman-Z 3.7
F-Score7
WACC10.34%
ROIC/WACC0.66
Cap/Depr(3y)134.21%
Cap/Depr(5y)118.3%
Cap/Sales(3y)12.61%
Cap/Sales(5y)10.69%
Profit Quality(3y)63.8%
Profit Quality(5y)70.39%
High Growth Momentum
Growth
EPS 1Y (TTM)8.11%
EPS 3Y15.82%
EPS 5Y11.97%
EPS Q2Q%-3.55%
EPS Next Y8.89%
EPS Next 2Y10.42%
EPS Next 3Y13.74%
EPS Next 5Y9.6%
Revenue 1Y (TTM)0.12%
Revenue growth 3Y-0.06%
Revenue growth 5Y5.39%
Sales Q2Q%-6%
Revenue Next Year8.84%
Revenue Next 2Y8.62%
Revenue Next 3Y8.13%
Revenue Next 5Y7.37%
EBIT growth 1Y3.93%
EBIT growth 3Y11.46%
EBIT growth 5Y7.91%
EBIT Next Year55.74%
EBIT Next 3Y23.8%
EBIT Next 5Y15.62%
FCF growth 1Y61.92%
FCF growth 3Y24.29%
FCF growth 5Y7.21%
OCF growth 1Y22.34%
OCF growth 3Y21.66%
OCF growth 5Y11.19%

MARTIN MARIETTA MATERIALS / MLM FAQ

What is the ChartMill fundamental rating of MARTIN MARIETTA MATERIALS (MLM) stock?

ChartMill assigns a fundamental rating of 6 / 10 to MLM.


What is the valuation status of MARTIN MARIETTA MATERIALS (MLM) stock?

ChartMill assigns a valuation rating of 1 / 10 to MARTIN MARIETTA MATERIALS (MLM). This can be considered as Overvalued.


Can you provide the profitability details for MARTIN MARIETTA MATERIALS?

MARTIN MARIETTA MATERIALS (MLM) has a profitability rating of 7 / 10.


How financially healthy is MARTIN MARIETTA MATERIALS?

The financial health rating of MARTIN MARIETTA MATERIALS (MLM) is 7 / 10.


Can you provide the dividend sustainability for MLM stock?

The dividend rating of MARTIN MARIETTA MATERIALS (MLM) is 6 / 10 and the dividend payout ratio is 17.33%.