Vulcan Materials Company (VMC)
Materials · $32.7B market cap · SEC CIK 0001396009
fundamentals score out of 100
Next reports on Oct 28, 2026, with analysts expecting $3.04 in earnings per share.
The case for VMC
- Has compounded revenue at 10.3% a year over five years.
The case against
- Near the bottom of its 52-week range, 25% below the high. Falling prices usually have a reason; find it first.
- Long-term debt of $4.4B against $183M of cash.
What the score is made of
Each factor is half a curve over reported figures and half a rank among the other Materials companies (momentum is judged against fixed thresholds only), and the five are blended by weight. It describes the last filing and the current price. It is not a forecast.
| Valuewhat you pay for the earnings, sales, assets and cash | 50 |
|---|---|
| Growthhow fast revenue and earnings are moving, this year and over five | 69 |
| Profitabilityhow much of the revenue becomes profit, and how much of that is cash | 67 |
| Momentumhow the price has behaved lately | 17 |
| Stabilityhow violently it moves, what it owes and what it pays you | 54 |
- Each factor except momentum is half fixed thresholds, half rank among the 26 Materials companies.
Key numbers
| Price / earnings | 29.3× |
|---|---|
| Price / book | 4.52× |
| Price / sales | 4.0× |
| Revenue growth (YoY) | +6.9% |
| EPS growth (YoY) | +18.5% |
| Gross margin | 28% |
| Operating margin | 20% |
| Net margin | 14% |
| Return on equity | 13% |
| Debt / equity | 0.52× |
| Current ratio | 1.76 |
| Dividend yield | 0.81% |
| Beta | 1.02 |
| 52-week range | $240.69 – $331.09 |
| Position in that range | 8% of the way up |
| 3-month return | -18.7% |
| 1-year return | -17.3% |
Five years of financials, as filed
Pulled from Vulcan Materials Company's XBRL filings on SEC EDGAR. Italic rows are derived from the rows above.
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|
| Revenue | $7.9B | $7.4B | $7.8B | $7.3B | $5.6B |
| Gross profit | $2.2B | $2.0B | $1.9B | $1.6B | $1.4B |
| Operating income | $1.6B | $1.4B | $1.4B | $951M | $1.0B |
| Net income | $1.1B | $912M | $933M | $576M | $671M |
| Operating cash flow | $1.8B | $1.4B | $1.5B | $1.1B | $1.0B |
| Capital expenditure | $678M | $604M | $873M | $613M | $451M |
| Total assets | $16.7B | $17.1B | $14.5B | $14.2B | $13.7B |
| Total liabilities | $8.2B | $9.0B | $7.0B | $7.3B | $7.1B |
| Shareholder equity | $8.5B | $8.1B | $7.5B | $6.9B | $6.5B |
| Cash | $183M | $560M | $931M | $161M | $235M |
| Long-term debt | $4.4B | $4.9B | $3.9B | $3.9B | $3.9B |
| Free cash flow | $1.1B | $806M | $664M | $536M | $561M |
| Gross margin | 27.4% | 27.0% | 25.0% | 21.3% | 24.7% |
| Operating margin | 20.4% | 18.4% | 18.3% | 13.0% | 18.2% |
| Net margin | 13.6% | 12.3% | 12.0% | 7.9% | 12.1% |
| Diluted shares | 133M | 133M | 134M | 134M | 134M |
Share count is essentially flat over 4 years.
What Vulcan Materials Company says it does
Vulcan Materials Company operates primarily in the U.S. and is the nation’s largest supplier of construction aggregates (mainly crushed stone, sand and gravel) and a major producer of aggregates-intensive downstream products such as asphalt mix and ready-mixed concrete. Delivered by trucks, ships, barges and trains, we provide the materials needed for the infrastructure that maintains and expands the U.S. economy. Our products are essential for building homes, offices, data centers, places of worship, schools, hospitals and factories, as well as vital infrastructure including highways, bridges, roads, ports and harbors, water systems, campuses, dams, airports and rail networks. During the year ended December 31, 2025, we had 425 active aggregates facilities as shown below. Production and sales are currently halted at our Calica operations in Mexico and our Puerto Cort é s operations in Honduras. For additional information…
Risk factors VMC lists in its 10-K
- Our business is dependent on the construction industry and is subject to economic cycles
- Our business is dependent on the timing and amount of federal, state and local funding for infrastructure
- We are subject to various risks arising from our international business operations and relationships
- Operations, Growth and Competitive Risks
- Within our local markets, we operate in a highly competitive industry
- Certain markets are experiencing the expanded use of aggregates substitutes
- Our long-term success depends upon securing and permitting aggregates reserves in strategically located areas
- Our future growth depends in part on acquiring and successfully integrating other businesses in our industry
- Our aggregates operations are subject to the risks of open pit and underground mining
- Our industry is capital intensive, resulting in significant fixed and semi-fixed costs
- A deterioration in our credit ratings and/or the state of the capital markets could negatively impact the cost and/or availability of financing
- We use estimates in accounting for a number of significant items
- Our effective tax rate is subject to change
- Our operations are subject to changes in legal requirements and governmental policies