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
Return on equity & assets (ROE / ROA)
ROEROA
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
ROE
ROA
FCF
Total debt
Cash
2025
$6.2B
$1.1B
30.7%
23.4%
11.3%
6.1%
$978M
$5.3B
$67M
2024
$5.7B
$2.0B
28.9%
43.8%
21.1%
11.0%
$604M
$5.4B
$670M
2023
$5.9B
$1.2B
29.8%
22.8%
14.6%
7.7%
$878M
$4.3B
$1.3B
2022
$6.2B
$867M
23.1%
19.6%
12.1%
5.8%
$509M
$5.0B
$358M
2021
$5.4B
$703M
24.9%
18.0%
10.8%
4.9%
$715M
$5.1B
$258M
2020
$4.7B
$721M
26.5%
21.3%
12.2%
6.8%
$690M
$2.6B
$207M
2019
$4.7B
$612M
24.9%
18.7%
11.4%
6.0%
$573M
$2.8B
$21M
2018
$4.2B
$470M
22.8%
16.3%
9.5%
4.9%
$329M
$3.1B
$45M
2017
$4.0B
$713M
24.5%
17.7%
15.2%
7.9%
$247M
$3.0B
$1.4B
2016
$3.8B
$425M
23.9%
17.7%
10.3%
5.8%
$302M
$1.7B
$50M
2015
—
$289M
—
—
7.1%
4.2%
$262M
$1.6B
$168M
2014
—
$156M
—
—
3.6%
2.2%
$154M
$1.6B
$109M
2013
—
$121M
—
—
7.9%
3.8%
$154M
$1.0B
$42M
2012
—
$84M
—
—
6.0%
2.7%
$72M
$1.0B
$25M
2011
—
$82M
—
—
5.8%
2.6%
$104M
$1.1B
$26M
Revenue & net income
RevenueNet income
Margins (gross / operating / net)
GrossOperatingNet
Return on equity & assets (ROE / ROA)
ROEROA
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
ROE
ROA
FCF
Total debt
Cash
Jun '26
$1.9B
$251M
25.4%
19.1%
2.2%
1.2%
-$16M
$6.0B
$112M
Mar '26
$1.4B
$1.5B
22.8%
11.9%
13.4%
7.4%
$41M
$5.3B
$273M
Dec '25
$1.5B
$279M
30.5%
22.2%
2.8%
1.5%
$424M
$5.3B
$67M
Sep '25
$1.8B
$414M
33.1%
27.4%
4.3%
2.2%
$361M
$5.5B
$57M
Jun '25
$1.6B
$328M
30.8%
25.7%
3.5%
1.8%
$208M
$5.4B
$225M
Mar '25
$1.2B
$116M
27.1%
15.4%
1.3%
0.7%
-$15M
$5.4B
$101M
Dec '24
$1.4B
$294M
30.0%
24.0%
3.1%
1.6%
$453M
$5.4B
$670M
Sep '24
$1.6B
$363M
31.2%
24.7%
4.0%
2.2%
$317M
$4.0B
$52M
Jun '24
$1.6B
$293M
28.9%
25.6%
3.3%
1.8%
-$138M
$4.3B
$109M
Mar '24
$1.3B
$1.0B
21.7%
113.6%
11.8%
6.4%
-$28M
$4.3B
$2.6B
Dec '23
$1.6B
$283M
30.1%
23.0%
3.5%
1.9%
$369M
$4.3B
$1.3B
Sep '23
$2.0B
$417M
33.9%
28.4%
5.3%
2.8%
$283M
$4.3B
$648M
Jun '23
$1.8B
$348M
30.8%
25.4%
4.7%
2.3%
$239M
$5.0B
$422M
Mar '23
$1.4B
$121M
22.4%
14.5%
1.7%
0.8%
-$13M
$5.0B
$229M
Dec '22
$1.5B
$184M
24.0%
17.8%
2.6%
1.2%
$258M
$5.0B
$358M
Sep '22
$1.8B
$295M
26.9%
22.4%
4.3%
2.0%
$186M
$5.0B
$136M
Jun '22
$1.6B
$367M
25.9%
29.2%
5.4%
2.5%
$35M
$5.0B
$772M
Mar '22
$1.2B
$21M
12.7%
4.9%
0.3%
0.2%
$30M
$5.1B
$190M
Dec '21
$1.5B
$157M
23.2%
14.0%
2.4%
1.1%
$256M
$5.1B
$258M
Sep '21
$1.6B
$255M
28.4%
22.9%
4.0%
1.8%
$231M
$5.1B
$2.4B
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 28.7× (Nov '26).
The price-to-sales ratio has risen from 3.5× (Mar '23) to 5.3× (Nov '26).
The dividend yield has fallen from 0.8% (Mar '23) to 0.6% (Nov '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'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 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?
Martin Marietta's P/E (TTM) is 13.30 as of the 2026-11-03 close — market cap ÷ net income over the trailing twelve months where four consecutive quarters are reported, otherwise the latest fiscal year, the same figure as on the MLM stock page. The valuation chart above sets each month-end's price against the latest annual net income instead, so its latest point (about 28.7× as of Nov '26) can differ. 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), split-adjusted; price return — dividends not reinvested ·
growth rates, valuation multiples & ratios computed by tradmap. Valuation uses each month-end price
against the latest annual filing. Informational only — not investment advice.