MLM vs VMC
Martin Marietta Materials Inc. and Vulcan Materials Co., side by side — 10 fiscal years reported in USD, drawn from SEC filings.
Most recent reported year
| Metric | MLM | VMC |
|---|---|---|
| Revenue | $6.2B | $7.9B |
| Net income | $1.1B | $1.1B |
| Gross margin | 30.7% | 27.4% |
| Net margin | 18.5% | 13.6% |
| Return on equity | 11.7% | 12.9% |
| Diluted EPS | $18.77 | $8.11 |
| Dividend / share | $3.24 | $1.96 |
| Payout ratio | 17.3% | 24.1% |
| Free cash flow | $978.0M | $1.1B |
| Equity | $10.0B | $8.5B |
| Net debt / equity | 0.52× | 0.49× |
| Current ratio | 3.57× | 2.69× |
| Revenue CAGR 5y | 5.4% | 10.3% |
| Profit CAGR 5y | 9.5% | 13.0% |
VMC bills 1.3× the revenue of MLM, and MLM keeps more of each dollar of revenue as profit (18.5% against 13.6%).
The stronger figure of the pair is set in bold. That is arithmetic, not a recommendation — this page does not pick a winner. "·" marks a figure not available in our data.
10 years side by side
| Fiscal year | MLM | VMC |
|---|---|---|
| FY2025 | $6.2B | $7.9B |
| FY2024 | $5.7B | $7.4B |
| FY2023 | $5.9B | $7.8B |
| FY2022 | $6.2B | $7.3B |
| FY2021 | $5.4B | $5.6B |
| FY2020 | $4.7B | $4.9B |
| FY2019 | $4.7B | $4.9B |
| FY2018 | $4.2B | $4.4B |
| FY2017 | $4.0B | $3.9B |
| FY2016 | $3.8B | $3.6B |
Bottom line
| Fiscal year | MLM | VMC |
|---|---|---|
| FY2025 | $1.1B | $1.1B |
| FY2024 | $2.0B | $911.9M |
| FY2023 | $1.2B | $933.2M |
| FY2022 | $867.0M | $575.6M |
| FY2021 | $702.5M | $670.8M |
| FY2020 | $721.0M | $584.5M |
| FY2019 | $611.9M | $617.7M |
| FY2018 | $470.0M | $515.8M |
| FY2017 | $713.3M | $601.2M |
| FY2016 | $425.4M | $419.5M |
18 fiscal years
| Fiscal year | Difference | Ahead |
|---|---|---|
| FY2025 | −$1,791,100,000 | VMC |
| FY2024 | −$1,755,700,000 | VMC |
| FY2023 | −$1,930,900,000 | VMC |
| FY2022 | −$1,154,200,000 | VMC |
| FY2021 | −$138,200,000 | VMC |
| FY2020 | −$126,900,000 | VMC |
| FY2019 | −$190,000,000 | VMC |
| FY2018 | −$138,569,000 | VMC |
| FY2017 | +$75,304,000 | MLM |
| FY2016 | +$226,082,000 | MLM |
| FY2015 | +$117,389,000 | MLM |
| FY2014 | −$36,218,000 | VMC |
| FY2013 | −$615,158,000 | VMC |
| FY2012 | −$535,409,000 | VMC |
| FY2011 | −$850,934,000 | VMC |
| FY2010 | −$906,056,000 | VMC |
| FY2009 | −$1,117,174,000 | VMC |
| FY2008 | −$1,535,017,000 | VMC |
The higher-revenue side has changed between MLM and VMC over this period. The gap has widened since the earliest year compared.
18 of 19 comparable fiscal years — a year missing data on either side is not counted.
18 fiscal years
| Fiscal year | Difference | Ahead |
|---|---|---|
| FY2025 | +4.9 pp | MLM |
| FY2024 | +22.9 pp | MLM |
| FY2023 | +8.0 pp | MLM |
| FY2022 | +6.2 pp | MLM |
| FY2021 | +0.9 pp | MLM |
| FY2020 | +3.2 pp | MLM |
| FY2019 | +0.4 pp | MLM |
| FY2018 | −0.7 pp | VMC |
| FY2017 | +2.5 pp | MLM |
| FY2016 | −0.5 pp | VMC |
| FY2015 | +1.7 pp | MLM |
| FY2014 | −1.6 pp | VMC |
| FY2013 | +4.7 pp | MLM |
| FY2012 | +6.3 pp | MLM |
| FY2011 | +7.6 pp | MLM |
| FY2010 | +9.7 pp | MLM |
| FY2009 | +4.5 pp | MLM |
| FY2008 | +8.5 pp | MLM |
The higher net margin has changed hands between MLM and VMC over this period.
18 of 19 comparable fiscal years — a year missing data on either side is not counted.
Standard deviation, each side
MLM's net margin has been more volatile than VMC's over the 18 comparable fiscal years — 7.5 percentage points of standard deviation against 6.3.
18 of 19 comparable fiscal years — a year missing data on either side is not counted.
Year by year
The lead in net margin changed hands between MLM and VMC over these 18 fiscal years — MLM led in 15 and VMC in 3.
18 of 19 comparable fiscal years — a year missing data on either side is not counted.
Standard deviation, each side
VMC's return on equity has been more volatile than MLM's over the 18 comparable fiscal years — 5.5 percentage points of standard deviation against 4.5.
18 of 19 comparable fiscal years — a year missing data on either side is not counted.
Year by year
The lead in return on equity changed hands between MLM and VMC over these 18 fiscal years — MLM led in 16 and VMC in 2.
18 of 19 comparable fiscal years — a year missing data on either side is not counted.