TORVANTA
Materials · S&P 500 · data as of 2026-10-05

MLM stock analysis: Martin Marietta

Martin Marietta (MLM) is an S&P 500 company in Construction Materials. It grades weakest on momentum.

The model's view of MLM · subscribers

Where MLM ranks among the 1,500 U.S. stocks the model scores each trading day, its expected return, the evidence for and against it, and whether the model portfolio holds it. The grades below describe the company's data; they are not the model's view.

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What's happening with MLM · updated 2026-10-05 · from prices and SEC filings

MLM price performance

MLM against the S&P 500, one year
-20%+0%+20%S&P 500 +18%MLM -21%2025-09-292026-10-05
Year to date-21.7%S&P 500 +14.5% · behind by 36.2 pts
1 year-23.1%S&P 500 +17.0% · behind by 40.1 pts
3 years+17.5%S&P 500 +89.3% · behind by 71.7 pts
5 years+43.9%S&P 500 +91.3% · behind by 47.5 pts

Total returns with dividends reinvested.

MLM factor grades

Each grade compares MLM with the rest of its sector (A+ best, F worst); the numbers behind it are shown with the typical figure for its peers.

BValueP/E 11.9x (sector 21.7x)FCF yield 2.8% (sector 4.4%)
B-GrowthRevenue growth +3% (sector +6%)EPS growth +125% (sector +14%)
BProfitabilityOperating margin 20.6% (sector 10.4%)ROIC 6.3% (sector 9.9%)
DMomentum12-month change -23%From 52-wk high -31%

MLM in plain numbers

MLM key statistics

SectorMaterials
IndustryConstruction Materials
IndexS&P 500
Market value$29.2B
Revenue growth (y/y)+3%
Free-cash-flow yield2.8%
Dividend yield0.7%
Next earnings (expected)2026-11-03
Valuation measures
Market value$29.2B
Enterprise value$35.0B
P/E (trailing)11.9x
Forward P/E (Torvanta estimate)8.0x
PEG (Torvanta estimate)0.16
Price / sales4.4x
Price / book2.5x
EV / revenue5.2x
EV / EBITDA16.9x
Financial highlights
Revenue, last 12 months$6.7B
Net income, last 12 months$2.5B
EPS, last 12 months (GAAP)$40.70
Gross margin28.2%
Operating margin20.6%
Net margin36.7%
Return on equity23.5%
Return on invested capital6.3%
Cash$112.0M
Total debt$6.0B
Debt / equity0.52x
Free cash flow, last 12 months$810.0M
Interest cover5.9x
Current ratio1.41x

Company figures from its latest SEC filings; market value and returns from end-of-day prices.

MLM earnings trends

Revenue vs earnings
$0$486.8M$1.0B$1.5B$1.9BSep 2024 Revenue: $1.9BDec 2024 Revenue: $1.4BMar 2025 Revenue: $1.4BJun 2025 Revenue: $1.8BSep 2025 Revenue: $1.8BDec 2025 Revenue: $1.5BMar 2026 Revenue: $1.4BJun 2026 Revenue: $1.9BSep 2024 Net income: $363.0MDec 2024 Net income: $294.0MMar 2025 Net income: $116.0MJun 2025 Net income: $328.0MSep 2025 Net income: $414.0MDec 2025 Net income: $279.0MMar 2026 Net income: $1.5BJun 2026 Net income: $251.0MSep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026Net margin: 19.2%Net margin: 20.8%Net margin: 8.6%Net margin: 18.1%Net margin: 22.4%Net margin: 18.2%Net margin: 111.1%Net margin: 12.9%0%56%111%■ Revenue ■ Net income ━ Net margin
Earnings per share$0.0$6.3$12.5$18.8$25.1Sep 2024 EPS (GAAP, diluted): $5.9Dec 2024 EPS (GAAP, diluted): $4.8Mar 2025 EPS (GAAP, diluted): $1.9Jun 2025 EPS (GAAP, diluted): $5.4Sep 2025 EPS (GAAP, diluted): $6.9Dec 2025 EPS (GAAP, diluted): $4.6Mar 2026 EPS (GAAP, diluted): $25.1Jun 2026 EPS (GAAP, diluted): $4.2Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026■ EPS (GAAP, diluted) Change from a year earlier: Sep 2025 +16% · Dec 2025 -4% · Mar 2026 +1219% · Jun 2026 -23%

From the company's 10-Q and 10-K filings with the SEC.

Martin Marietta financials (from SEC filings)

Fiscal yearFY2021FY2022FY2023FY2024FY2025
Revenue$5.4B$6.2B$6.8B$6.3B$6.5B
Net income$702.5M$866.8M$1.2B$2.0B$1.1B
EPS (GAAP)$11.22$13.88$18.83$32.35$18.80
Free cash flow$714.6M$509.4M$878.1M$604.0M$1.0B

MLM earnings history

ReportedEPS (GAAP)EPS y/yRevenue y/yStock vs S&P 500, 2 days
2026-07-30$4.17-23%+8%-10.2%
2026-04-30$25.06+1219%+1%-1.0%
2026-02-11$4.62-4%+9%-5.2%
2025-11-04$6.85+16%-2%-0.6%
2025-08-07$5.43+14%+3%+1.5%
2025-08-04$5.43+14%+3%+4.1%

About Martin Marietta

HeadquartersRaleigh, NC
Industry (SEC code)Mining & Quarrying Of Nonmetallic Minerals (No Fuels)
Fiscal year endsDecember 31
Incorporated inNC
Listed onNYSE

From the company's SEC registration record.

Companies similar to MLM

CompanyMarket valueP/ERevenue growthOperating margin12-month change
MLM Martin Marietta$29.2B11.9x+3%20.6%-23%
VMC Vulcan Materials$31.9B29.2x+7%20.6%-19%compare
STLD Steel Dynamics$34.5B21.9x+20%10.0%+68%compare
PPG PPG Industries$23.5B15.0x+6%n/a+3%compare
SW Smurfit Westrock$22.2B44.6x+2%4.7%+5%
IFF Intl Flavors & Fragrances$21.2B73.0x-12%7.6%+37%
DOW Dow Inc$20.5Bn/a-8%n/a+26%

All Materials stock ratings

Frequently asked questions

Is MLM stock a buy?

Torvanta does not tell individuals what to buy. Its grades for MLM are shown above. Subscribers see the model's rank, expected return and whether the model portfolio holds it. This is research, not a recommendation.

What is MLM's P/E ratio?

MLM trades at about 11.9 times its last 12 months of GAAP earnings reported to the SEC, and about 8.0 times Torvanta's own estimate of the next 12 months.

When does MLM report earnings next?

Based on its filing history, Torvanta expects Martin Marietta to report around 2026-11-03.

Does MLM pay a dividend?

Yes. Its dividend yield is about 0.7%, and it has raised its dividend 10 years in a row.

How has MLM performed against the S&P 500?

Over the past year MLM returned -23.1%, against +17.0% for the S&P 500, dividends reinvested.

See the model's view

Subscribers get the model's rank and expected return for every covered company, the reasoning behind each, and the Torvanta model portfolio's trades each trading day, sized and explained, at three risk levels.

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Torvanta is research only - not investment advice and not a recommendation to buy or sell any security. Grades describe a company's reported data against its sector; they are not the model's view, change as data changes and can be wrong. Financial figures come from the company's SEC filings; returns include reinvested dividends. Past performance does not predict future results.

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