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
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
$373M
$134M
48.9%
42.4%
$102M
$0
$371M
2024
$318M
$109M
45.3%
39.3%
$99M
$0
$278M
2023
$281M
$75M
36.6%
30.4%
$58M
$0
$188M
2022
$236M
$45M
29.8%
23.2%
$38M
$0
$133M
2021
$189M
$37M
31.3%
24.5%
$26M
$0
$105M
2020
$161M
$28M
29.6%
21.1%
$41M
$0
$84M
2019
$158M
$26M
26.3%
18.5%
$20M
$0
$54M
2018
$144M
$20M
21.1%
13.8%
-$15M
$0
$67M
2017
$145M
$27M
23.7%
16.7%
$13M
$0
$85M
2016
$139M
$18M
23.8%
16.9%
$20M
$0
$75M
2015
—
$13M
—
—
$21M
$0
$60M
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
$88M
$31M
47.5%
40.7%
$14M
$0
$383M
Dec '25
$88M
$31M
48.0%
41.0%
$26M
$0
$371M
Sep '25
$102M
$39M
51.2%
45.3%
$31M
$0
$350M
Jun '25
$92M
$31M
45.8%
39.0%
$21M
$0
$320M
Mar '25
$91M
$34M
50.6%
43.7%
$25M
$0
$301M
Dec '24
$80M
$27M
44.3%
38.8%
$28M
$0
$278M
Sep '24
$89M
$33M
48.2%
42.6%
$34M
$0
$255M
Jun '24
$77M
$26M
45.5%
39.1%
$17M
$0
$223M
Mar '24
$72M
$22M
42.7%
35.9%
$20M
$0
$207M
Dec '23
$66M
$17M
35.9%
28.9%
$14M
$0
$188M
Sep '23
$75M
$21M
37.6%
31.8%
$19M
$0
$176M
Jun '23
$74M
$20M
36.7%
30.8%
$10M
$0
$156M
Mar '23
$67M
$17M
35.9%
29.7%
$15M
$0
$148M
Dec '22
$58M
$11M
28.8%
21.1%
$12M
$0
$133M
Sep '22
$66M
$16M
34.0%
28.7%
$15M
$0
$123M
Jun '22
$60M
$10M
27.2%
20.9%
$8M
$0
$109M
Mar '22
$51M
$9M
28.4%
21.3%
$3M
$0
$101M
Dec '21
$46M
$8M
28.9%
20.9%
$5M
$0
$105M
Sep '21
$52M
$11M
33.1%
27.1%
$11M
$0
$101M
Jun '21
$49M
$11M
34.2%
28.1%
$3M
$0
$91M
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 fallen from 96.0× (Mar '23) to 22.9× (Jun '26).
The price-to-sales ratio has fallen from 18.5× (Mar '23) to 8.2× (Jun '26).
The dividend yield has risen from 0.1% (Mar '23) to 0.2% (Jun '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?
As of Jun '26, United States Lime & Minerals Inc traded at a price-to-earnings ratio of about 22.9× (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.