11 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 18.3% per year over the past 5 years.
Net income has grown faster than revenue (36.6% vs 18.3% per year).
Operating margin has expanded, at 42.4% in the latest year.
Free cash flow has grown 19.8% per year over the past 5 years.
Financial health
The company holds more cash ($371M) than total debt ($0).
Shareholder returns
Dividends have been paid for 11 consecutive years, consuming 5.1% of earnings and 6.7% of free cash flow.
The dividend has grown 13.8% 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
$373M
$134M
48.9%
42.4%
21.3%
19.7%
$102M
$0
$371M
2024
$318M
$109M
45.3%
39.3%
21.9%
20.0%
$99M
$0
$278M
2023
$281M
$75M
36.6%
30.4%
19.0%
16.9%
$58M
$0
$188M
2022
$236M
$45M
29.8%
23.2%
14.1%
12.4%
$38M
$0
$133M
2021
$189M
$37M
31.3%
24.5%
13.3%
11.7%
$26M
$0
$105M
2020
$161M
$28M
29.6%
21.1%
11.6%
10.1%
$41M
$0
$84M
2019
$158M
$26M
26.3%
18.5%
12.0%
10.5%
$20M
$0
$54M
2018
$144M
$20M
21.1%
13.8%
8.8%
8.0%
-$15M
$0
$67M
2017
$145M
$27M
23.7%
16.7%
13.2%
11.9%
$13M
$0
$85M
2016
$139M
$18M
23.8%
16.9%
9.9%
8.4%
$20M
$0
$75M
2015
—
$13M
—
—
7.7%
6.6%
$21M
$0
$60M
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
Sep '26
$106M
$38M
47.8%
42.1%
5.2%
4.8%
$38M
$0
$439M
Jun '26
$99M
$35M
47.1%
41.0%
5.0%
4.6%
$21M
$0
$403M
Mar '26
$88M
$31M
47.5%
40.7%
4.6%
4.3%
$14M
$0
$383M
Dec '25
$88M
$31M
48.0%
41.0%
4.8%
4.5%
$26M
$0
$371M
Sep '25
$102M
$39M
51.2%
45.3%
6.4%
5.9%
$31M
$0
$350M
Jun '25
$92M
$31M
45.8%
39.0%
5.5%
5.1%
$21M
$0
$320M
Mar '25
$91M
$34M
50.6%
43.7%
6.4%
5.8%
$25M
$0
$301M
Dec '24
$80M
$27M
44.3%
38.8%
5.4%
5.0%
$28M
$0
$278M
Sep '24
$89M
$33M
48.2%
42.6%
7.0%
6.4%
$34M
$0
$255M
Jun '24
$77M
$26M
45.5%
39.1%
5.9%
5.4%
$17M
$0
$223M
Mar '24
$72M
$22M
42.7%
35.9%
5.4%
4.8%
$20M
$0
$207M
Dec '23
$66M
$17M
35.9%
28.9%
4.3%
3.9%
$14M
$0
$188M
Sep '23
$75M
$21M
37.6%
31.8%
5.5%
4.9%
$19M
$0
$176M
Jun '23
$74M
$20M
36.7%
30.8%
5.5%
4.9%
$10M
$0
$156M
Mar '23
$67M
$17M
35.9%
29.7%
5.1%
4.4%
$15M
$0
$148M
Dec '22
$58M
$11M
28.8%
21.1%
3.4%
2.9%
$12M
$0
$133M
Sep '22
$66M
$16M
34.0%
28.7%
5.1%
4.4%
$15M
$0
$123M
Jun '22
$60M
$10M
27.2%
20.9%
3.5%
3.0%
$8M
$0
$109M
Mar '22
$51M
$9M
28.4%
21.3%
3.0%
2.7%
$3M
$0
$101M
Dec '21
$46M
$8M
28.9%
20.9%
2.7%
2.4%
$5M
$0
$105M
Valuation over time
How the market has priced USLM 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 19.2× (Mar '23) to 25.4× (Nov '26).
The price-to-sales ratio has risen from 3.7× (Mar '23) to 9.1× (Nov '26).
The dividend yield has fallen from 0.5% (Mar '23) to 0.2% (Nov '26).
Price / earnings (P/E)
P/E
Price / sales (P/S)
P/S
Dividend yield (%)
Dividend yield %
Frequently asked questions
Is USLM growing its revenue and profit?
Over the past 5 years, United States Lime & Minerals Inc's revenue has grown 18.3% per year, and net income grown 36.6% per year. These are computed facts, not advice.
How much debt does USLM have?
As of FY2025, United States Lime & Minerals Inc reported $0 of total debt against $371M of cash.
What is USLM's profit margin?
In FY2025, gross margin was 48.9%, operating margin 42.4%, and net margin 36.0%.
What is USLM's P/E ratio?
United States Lime & Minerals Inc's P/E (TTM) is 25.49 as of the 2026-11-02 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 USLM stock page. The valuation chart above sets each month-end's price against the latest annual net income instead, so its latest point (about 25.4× 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.