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Martin Marietta Materials, Inc. logo

Martin Marietta Materials, Inc.

martinmarietta.com

What Do They Do?

Supplies aggregates and other building materials to construction customers, and magnesia and lime products to industrial, agricultural and other customers.

How Do They Make Money?

Customers buy finished products when they ship; paving customers pay as the work progresses.

revenue
SegmentShareRevenue
Building Materials Business
93%
FY2022: 95%
Specialties
Sold outright
7.2%

Who Are Their Customers?

The company sells mainly to commercial customers in private industry, whose materials go into public infrastructure and residential and nonresidential construction. Direct sales to government agencies are relatively insignificant.

Do Revenues Turn Into Profits?

Yes. It kept 18 cents of every revenue dollar as net income in FY2025 and turned 16 cents into free cash flow.

Operating income, FY2025
23% of revenue
▼ −42% vs FY2024 ($2.5B, 44%)
Net income, FY2025
18% of revenue
▼ −43% vs FY2024 ($2B, 35%)
Free cash flow, FY2025
16% of revenue
▲ +62% vs FY2024 ($604M, 11%)

How Are They Changing?

Since the FY2025 annual report
Latest quarter: Q2 FY2026, the three months to Jun 30, 2026
Revenue
▲ +21%
vs $1.6B in Q2 FY2025
Net income
▼ −23%
vs $328M in Q2 FY2025
Building Materials Business share of revenue vs 94.4% in Q2 FY2025
  • Aug 24, 2026 Completed the Lhoist North America combination Adds lime, dolomitic lime and industrial mineral products serving steel, infrastructure, construction and environmental markets.
  • Aug 4, 2026 Michael J. Petro promoted to Chief Financial Officer

Growing. Revenue grew 14% in 4 years, from $5.4B in FY2021 to $6.2B in FY2025, about 3% a year.

Cement and Texas ready-mix assets The older report describes cement and downstream products as part of its Texas offering; the latest classifies its Midlothian cement operations and Texas ready-mix assets as held for sale and discontinued operations under the QUIKRETE agreement.

Expanded Specialties portfolio The older report describes magnesia chemicals and lime; the latest says the Premier Magnesia acquisition expanded the product portfolio and lists high-purity natural and synthetic products for a broader set of applications.

Revenue over time
Building Materials Business Specialties Magnesia Specialties
$10B$5B$0

Who Do They Compete With?

Competes with Amrize, Arcosa, CEMEX, CRH, Heidelberg Materials, Holcim, Knife River, and Vulcan Materials

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