Vulcan Materials Co
vulcanmaterials.comWhat Do They Do?
Supplies construction aggregates, asphalt mix and ready-mixed concrete to private industry for infrastructure, housing and commercial building projects.
10-K for FY2025, filed Feb 19, 2026
How Do They Make Money?
Customers pay for aggregates, asphalt mix and ready-mixed concrete after delivery, by the 15th day of the following month. Asphalt paving work is billed for actual units produced as the project progresses; freight and delivery charges pass through transportation costs.
10-K for FY2025, filed Feb 19, 2026Revenue is recognized when obligations under the terms of a contract with our customer are satisfied; generally, this occurs at a point in…View ↗
Revenue from our asphalt construction paving business is recognized over time using the percentage-of-completion method under the cost…View ↗
Our construction contracts are unit priced, and an account receivable is recorded for amounts invoiced based on actual units produced.…View ↗
Total revenues include sales of product and services to customers, net of any discounts and taxes, and freight and delivery revenues billed…View ↗
-
10-K for FY2025, filed Feb 19, 2026
FY2025 revenue by product or service ↗
$7.9B
-
10-K for FY2025, filed Feb 19, 2026
$7.9B ↗
| Segment | Share | Revenue | How money arrives |
|---|---|---|---|
|
Freight & Delivery Revenues
|
−13%
FY2022: −13%
|
Freight & Delivery Revenues, FY2025
−$1B Sources
|
|
|
Total Revenues Excluding Freight & Delivery
Sold outright
10-K for FY2025, filed Feb 19, 2026 |
87%
FY2022: 87%
|
Total Revenues Excluding Freight & Delivery, FY2025
$6.9B Sources
|
Sold outright |
Who Are Their Customers?
Private industry is the main customer base, buying materials used in construction. Aggregates are delivered by truck, rail and water from facilities and sales yards; asphalt and concrete are served locally at production facilities or by truck, while direct sales to government agencies are relatively small.
10-K for FY2025, filed Feb 19, 2026Our products typically are sold to private industry and not directly to governmental entities. Although approximately 40% to 55% of our…View ↗
The Aggregates segment produces and sells aggregates (crushed stone, sand and gravel, sand, and other aggregates) and related products and…View ↗
Aggregates comprise approximately 95% of asphalt mix by weight and 80% of ready-mixed concrete by weight. Our Asphalt and Concrete segments…View ↗
Do Revenues Turn Into Profits?
Yes. It kept 14 cents of every revenue dollar as net income in FY2025 and turned 14 cents into free cash flow.
10-K for FY2025, filed Feb 19, 2026
$1.6BView ↗
10-K for FY2025, filed Feb 19, 2026
$1.1BView ↗
10-K for FY2025, filed Feb 19, 2026
$1.1BView ↗
How Are They Changing?
- Net income
-
Sources
10-Q for Q2 FY2026, filed Jul 29, 2026
$323.4MView ↗
- ▲ +1%
- vs $320.9M in Q2 FY2025
10-Q for Q2 FY2026, filed Jul 29, 2026
Open tableView ↗
-
Jul 29, 2026
Reaffirmed full-year adjusted EBITDA outlook
Management reiterated its full-year adjusted EBITDA outlook.
Sources
8-K, filed Jul 29, 2026
Regarding the Company’s outlook, Mr. Pruitt said, “Our aggregates business is executing well, and we reiterate our full-year outlook to…View ↗
Growing. Revenue grew 43% in 4 years, from $5.6B in FY2021 to $7.9B in FY2025, about 9% a year.
Who Do They Compete With?
Competes with Arcosa, Amrize, Cemex, CRH, Heidelberg Materials, Knife River, and Martin Marietta Materials
10-K for FY2025, filed Feb 19, 2026Arcosa, Inc. Amrize Cemex S.A.B. de C.V. CRH plc Heidelberg Materials AG Knife River Corporation Martin Marietta Materials, Inc.View ↗
Loading...
