VMC Financials Vulcan Materials

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 Nov 1, 2026, 10:32 UTC Overview →

Growth & profitability

Revenue has grown 2.8% per year over the past 5 years.
Net income has grown faster than revenue (13.0% vs 2.8% per year).
Free cash flow has grown 9.9% per year over the past 5 years.

Financial health

Total debt ($4.4B) exceeds cash ($183M); net debt is $4.2B.
Total debt has grown faster than revenue (5.8% vs 2.8% per year).
Operating income covered interest expense 6.8× in the latest year.
Total debt is 1.8× EBITDA.

Shareholder returns

Dividends have been paid for 15 consecutive years, consuming 24.1% of earnings and 22.9% of free cash flow.
The dividend has grown 7.6% 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	$7.9B	$1.1B	27.4%	20.4%	12.6%	6.4%	$1.1B	$4.4B	$183M
2024	$7.4B	$912M	27.0%	18.4%	11.2%	5.3%	$806M	$5.3B	$560M
2023	$7.8B	$933M	25.0%	18.3%	12.5%	6.4%	$664M	$3.9B	$931M
2022	$7.3B	$576M	21.3%	13.0%	8.3%	4.0%	$536M	$4.0B	$161M
2021	—	$671M	—	—	10.2%	4.9%	$561M	$3.9B	$235M
2020	—	$585M	—	—	9.7%	5.0%	$708M	$3.3B	$1.2B
2019	—	$618M	—	—	11.0%	5.8%	$600M	$2.8B	$272M
2018	—	$516M	—	—	9.9%	5.2%	$364M	$2.9B	$40M
2017	—	$601M	—	—	12.1%	6.3%	$185M	$2.9B	$142M
2016	—	$419M	—	—	9.2%	5.0%	$294M	$2.0B	$259M
2015	—	$221M	—	—	5.0%	2.7%	$230M	$2.0B	$284M
2014	—	$205M	—	—	4.9%	2.5%	$36M	$2.0B	$141M
2013	—	$24M	—	—	0.6%	0.3%	$81M	$2.5B	$194M
2012	—	-$53M	—	—	-1.4%	-0.6%	$145M	$2.7B	$275M
2011	—	-$71M	—	—	-1.9%	-0.9%	$70M	$2.8B	$156M

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	$2.2B	$362M	30.5%	24.0%	4.3%	2.2%	$209M	$4.4B	$107M
Jun '26	$2.2B	$323M	29.0%	21.1%	3.8%	2.0%	$150M	$4.4B	$194M
Mar '26	$1.8B	$166M	24.1%	15.1%	2.0%	1.0%	$65M	$4.4B	$140M
Dec '25	$1.9B	$252M	25.5%	19.8%	3.0%	1.5%	$358M	$4.4B	$183M
Sep '25	$2.3B	$375M	30.4%	23.7%	4.3%	2.2%	$455M	$4.4B	$191M
Jun '25	$2.1B	$321M	29.7%	22.4%	3.8%	1.9%	$239M	$4.4B	$347M
Mar '25	$1.6B	$129M	22.3%	13.9%	1.6%	0.8%	$84M	$5.0B	$181M
Dec '24	$1.9B	$294M	29.0%	21.6%	3.6%	1.7%	$278M	$5.3B	$560M
Sep '24	$2.0B	$208M	28.2%	16.8%	2.6%	1.4%	$498M	$3.4B	$433M
Jun '24	$2.0B	$308M	29.4%	22.5%	4.0%	2.2%	$10M	$3.5B	$111M
Mar '24	$1.5B	$103M	19.7%	11.2%	1.4%	0.7%	$21M	$3.3B	$292M
Dec '23	$1.8B	$227M	25.7%	20.2%	3.0%	1.6%	$275M	$3.9B	$931M
Sep '23	$2.2B	$277M	27.0%	19.2%	3.7%	1.9%	$236M	$3.9B	$340M
Jun '23	$2.1B	$309M	27.6%	21.3%	4.3%	2.2%	$125M	$3.9B	$166M
Mar '23	$1.6B	$121M	18.3%	11.4%	1.7%	0.9%	$28M	$3.9B	$140M
Dec '22	—	$119M	—	—	1.7%	0.8%	$238M	$4.0B	$161M
Sep '22	—	$177M	—	—	2.6%	1.2%	$263M	$4.2B	$122M
Jun '22	—	$187M	—	—	2.8%	1.3%	$20M	$4.1B	$121M
Mar '22	—	$92M	—	—	1.4%	0.7%	$15M	$4.0B	$123M
Dec '21	—	$138M	—	—	2.1%	1.0%	$154M	$3.9B	$235M

Valuation over time

How the market has priced VMC 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 38.3× (Mar '23) to 34.5× (Nov '26).
The price-to-sales ratio has risen from 3.0× (Mar '23) to 4.7× (Nov '26).
The dividend yield has fallen from 1.0% (Mar '23) to 0.7% (Nov '26).

Price / earnings (P/E)

P/E

Price / sales (P/S)

P/S

Dividend yield (%)

Dividend yield %

Frequently asked questions

Is VMC growing its revenue and profit?

Over the past 5 years, Vulcan Materials's revenue has grown 2.8% per year, and net income grown 13.0% per year. These are computed facts, not advice.

How much debt does VMC have?

As of FY2025, Vulcan Materials reported $4.4B of total debt against $183M of cash; operating income covered interest expense 6.8×.

What is VMC's profit margin?

In FY2025, gross margin was 27.4%, operating margin 20.4%, and net margin 13.6%.

What is VMC's P/E ratio?

Vulcan Materials's P/E (TTM) is 33.65 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 VMC stock page. The valuation chart above sets each month-end's price against the latest annual net income instead, so its latest point (about 34.5× 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.