VMC Financials Vulcan Materials Company

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 28 h ago 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

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	$7.9B	$1.1B	27.4%	20.4%	$1.1B	$4.4B	$183M
2024	$7.4B	$912M	27.0%	18.4%	$806M	$5.3B	$560M
2023	$7.8B	$933M	25.0%	18.3%	$664M	$3.9B	$931M
2022	$7.3B	$576M	21.3%	13.0%	$536M	$4.0B	$161M
2021	—	$671M	—	—	$561M	$3.9B	$235M
2020	—	$585M	—	—	$708M	$3.3B	$1.2B
2019	—	$618M	—	—	$600M	$2.8B	$272M
2018	—	$516M	—	—	$364M	$2.9B	$40M
2017	—	$601M	—	—	$185M	$2.9B	$142M
2016	—	$419M	—	—	$294M	$2.0B	$259M
2015	—	$221M	—	—	$230M	$2.0B	$284M
2014	—	$205M	—	—	$36M	$2.0B	$141M
2013	—	$24M	—	—	$81M	$2.5B	$194M
2012	—	-$53M	—	—	$145M	$2.7B	$275M
2011	—	-$71M	—	—	$70M	$2.8B	$156M

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	$1.8B	$166M	24.1%	15.1%	$65M	$4.4B	$140M
Dec '25	$1.9B	$252M	25.5%	19.8%	$358M	$4.4B	$183M
Sep '25	$2.3B	$375M	30.4%	23.7%	$455M	$4.4B	$191M
Jun '25	$2.1B	$321M	29.7%	22.4%	$239M	$4.4B	$347M
Mar '25	$1.6B	$129M	22.3%	13.9%	$84M	$5.0B	$181M
Dec '24	$1.9B	$294M	29.0%	21.6%	$278M	$5.3B	$560M
Sep '24	$2.0B	$208M	28.2%	16.8%	$498M	$3.4B	$433M
Jun '24	$2.0B	$308M	29.4%	22.5%	$10M	$3.5B	$111M
Mar '24	$1.5B	$103M	19.7%	11.2%	$21M	$3.3B	$292M
Dec '23	$1.8B	$227M	25.7%	20.2%	$275M	$3.9B	$931M
Sep '23	$2.2B	$277M	27.0%	19.2%	$236M	$3.9B	$340M
Jun '23	$2.1B	$309M	27.6%	21.3%	$125M	$3.9B	$166M
Mar '23	$1.6B	$121M	18.3%	11.4%	$28M	$3.9B	$140M
Dec '22	—	$119M	—	—	$238M	$4.0B	$161M
Sep '22	—	$177M	—	—	$263M	$4.2B	$122M
Jun '22	—	$187M	—	—	$20M	$4.1B	$121M
Mar '22	—	$92M	—	—	$15M	$4.0B	$123M
Dec '21	—	$138M	—	—	$154M	$3.9B	$235M
Sep '21	—	$177M	—	—	$201M	$3.9B	$136M
Jun '21	—	$195M	—	—	$137M	$2.8B	$858M

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 38.7× (Mar '23) to 37.7× (Jun '26).
The price-to-sales ratio has risen from 3.0× (Mar '23) to 5.1× (Jun '26).
The dividend yield has fallen from 1.0% (Mar '23) to 0.6% (Jun '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 Company'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 Company 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?

As of Jun '26, Vulcan Materials Company traded at a price-to-earnings ratio of about 37.7× (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.