15 years of revenue, profit, cash flow and balance-sheet history through FY2025,
from SEC filings — with a computed, factual read of the trend.
Updated Overview →
Growth & profitability
Revenue has grown 5.4% per year over the past 5 years.
Net income has grown faster than revenue (9.5% vs 5.4% per year).
Operating margin has expanded, at 23.4% in the latest year.
Free cash flow has grown 7.2% per year over the past 5 years.
Financial health
Total debt ($5.3B) exceeds cash ($67M); net debt is $5.3B.
Total debt has grown faster than revenue (15.2% vs 5.4% per year).
Operating income covered interest expense 6.2× in the latest year, down from 8.5× 5 years ago.
Total debt is 2.6× EBITDA.
Shareholder returns
Dividends have been paid for 15 consecutive years, consuming 17.3% of earnings and 20.1% of free cash flow.
The dividend has grown 7.0% per year over the past 5 years.
Revenue & net income
RevenueNet income
Margins (gross / operating / net)
GrossOperatingNet
Free cash flow (CFO − capex)
Free cash flow
Cash vs total debt
CashTotal debt
Cash flow: operating / investing / financing
OperatingInvestingFinancing
Key annual figures
FY
Revenue
Net income
Gross M
Op M
FCF
Total debt
Cash
2025
$6.2B
$1.1B
30.7%
23.4%
$978M
$5.3B
$67M
2024
$5.7B
$2.0B
28.9%
43.8%
$604M
$5.4B
$670M
2023
$5.9B
$1.2B
29.8%
22.8%
$878M
$4.3B
$1.3B
2022
$6.2B
$867M
23.1%
19.6%
$509M
$5.0B
$358M
2021
$5.4B
$703M
24.9%
18.0%
$715M
$5.1B
$258M
2020
$4.7B
$721M
26.5%
21.3%
$690M
$2.6B
$207M
2019
$4.7B
$612M
24.9%
18.7%
$573M
$2.8B
$21M
2018
$4.2B
$470M
22.8%
16.3%
$329M
$3.1B
$45M
2017
$4.0B
$713M
24.5%
17.7%
$247M
$3.0B
$1.4B
2016
$3.8B
$425M
23.9%
17.7%
$302M
$1.7B
$50M
2015
—
$289M
—
—
$262M
$1.6B
$168M
2014
—
$156M
—
—
$154M
$1.6B
$109M
2013
—
$121M
—
—
$154M
$1.0B
$42M
2012
—
$84M
—
—
$72M
$1.0B
$25M
2011
—
$82M
—
—
$104M
$1.1B
$26M
Revenue & net income
RevenueNet income
Margins (gross / operating / net)
GrossOperatingNet
Free cash flow (CFO − capex, quarterly)
Free cash flow
Cash vs total debt
CashTotal debt
Cash flow: operating / investing / financing
OperatingInvestingFinancing
Key quarterly figures
Quarter
Revenue
Net income
Gross M
Op M
FCF
Total debt
Cash
Mar '26
$1.4B
$1.5B
22.8%
11.9%
$41M
$5.3B
$273M
Dec '25
$1.5B
$279M
30.5%
22.2%
$424M
$5.3B
$67M
Sep '25
$1.8B
$414M
33.1%
27.4%
$361M
$5.5B
$57M
Jun '25
$1.6B
$328M
30.8%
28.5%
$208M
$5.4B
$225M
Mar '25
$1.2B
$116M
27.1%
15.4%
-$15M
$5.4B
$101M
Dec '24
$1.4B
$294M
30.0%
24.0%
$453M
$5.4B
$670M
Sep '24
$1.6B
$363M
31.2%
24.7%
$317M
$4.0B
$52M
Jun '24
$1.6B
$293M
28.9%
25.6%
-$138M
$4.3B
$109M
Mar '24
$1.3B
$1.0B
21.7%
113.6%
-$28M
$4.3B
$2.6B
Dec '23
$1.6B
$283M
30.1%
23.0%
$369M
$4.3B
$1.3B
Sep '23
$2.0B
$417M
33.9%
28.4%
$283M
$4.3B
$648M
Jun '23
$1.8B
$348M
30.8%
25.4%
$239M
$5.0B
$422M
Mar '23
$1.4B
$121M
22.4%
14.5%
-$13M
$5.0B
$229M
Dec '22
$1.5B
$184M
24.0%
17.8%
$258M
$5.0B
$358M
Sep '22
$1.8B
$295M
26.9%
22.4%
$186M
$5.0B
$136M
Jun '22
$1.6B
$367M
25.9%
29.2%
$35M
$5.0B
$772M
Mar '22
$1.2B
$21M
12.7%
4.9%
$30M
$5.1B
$190M
Dec '21
$1.5B
$157M
23.2%
14.0%
$256M
$5.1B
$258M
Sep '21
$1.6B
$255M
28.4%
22.9%
$231M
$5.1B
$2.4B
Jun '21
$1.4B
$226M
27.9%
22.3%
$147M
$2.9B
$53M
Valuation over time
How the market has priced MLM against its own fundamentals since 2023-03 —
each month-end's share price set against the most recent annual filing, so the multiple moves
as price runs ahead of (or behind) earnings. Split-adjusted.
The price-to-earnings ratio has risen from 24.6× (Mar '23) to 33.2× (Jun '26).
The price-to-sales ratio has risen from 3.5× (Mar '23) to 6.1× (Jun '26).
The dividend yield has fallen from 0.8% (Mar '23) to 0.5% (Jun '26).
Price / earnings (P/E)
P/E
Price / sales (P/S)
P/S
Dividend yield (%)
Dividend yield %
Frequently asked questions
Is MLM growing its revenue and profit?
Over the past 5 years, Martin Marietta Materials's revenue has grown 5.4% per year, and net income grown 9.5% per year. These are computed facts, not advice.
How much debt does MLM have?
As of FY2025, Martin Marietta Materials reported $5.3B of total debt against $67M of cash; operating income covered interest expense 6.2×.
What is MLM's profit margin?
In FY2025, gross margin was 30.7%, operating margin 23.4%, and net margin 18.5%.
What is MLM's P/E ratio?
As of Jun '26, Martin Marietta Materials traded at a price-to-earnings ratio of about 33.2× (market cap ÷ latest annual net income). The valuation charts above show how its P/E, P/S and dividend yield have moved with the share price. These are computed facts, not advice.
Where does this data come from?
All figures are extracted from the company’s SEC EDGAR/XBRL filings — 10-K annual reports and 10-Q quarterly reports (use the Annual / Quarterly toggle). Quarterly figures are derived from the as-filed statements (year-to-date amounts are differenced into discrete quarters). Growth rates and ratios are computed by tradmap; nothing here is investment advice.
Source: SEC EDGAR / XBRL (10-K + 10-Q filings) · prices EOD (Databento), corporate-action-adjusted ·
growth rates, valuation multiples & ratios computed by tradmap. Valuation uses each month-end price
against the latest annual filing. Informational only — not investment advice.