(MLM) Martin Marietta Materials - Ratings and Ratios
Aggregates, Cement, Concrete, Asphalt, Lime
Dividends
| Dividend Yield | 0.52% |
| Yield on Cost 5y | 1.29% |
| Yield CAGR 5y | 8.11% |
| Payout Consistency | 99.1% |
| Payout Ratio | 17.0% |
| Risk via 10d forecast | |
|---|---|
| Volatility | 21.9% |
| Value at Risk 5%th | 36.1% |
| Relative Tail Risk | 0.37% |
| Reward TTM | |
|---|---|
| Sharpe Ratio | 0.46 |
| Alpha | 1.25 |
| CAGR/Max DD | 0.85 |
| Character TTM | |
|---|---|
| Hurst Exponent | 0.355 |
| Beta | 0.651 |
| Beta Downside | 0.318 |
| Drawdowns 3y | |
|---|---|
| Max DD | 26.77% |
| Mean DD | 7.17% |
| Median DD | 5.94% |
Description: MLM Martin Marietta Materials December 04, 2025
Martin Marietta Materials Inc. (NYSE: MLM) is a U.S.-based natural-resource building-materials producer that markets aggregates (crushed stone, sand, gravel), ready-mix concrete and asphalt, paving services, and Portland-plus specialty cement to a broad construction base-including infrastructure, residential, non-residential, rail, agricultural, utility, and environmental projects. The firm also manufactures magnesia-based chemicals and dolomitic lime, primarily for steelmaking, soil stabilization, flame-retardant, wastewater-treatment, and pulp-and-paper applications.
Key operating metrics (FY 2023) show revenue of roughly **$3.2 billion**, an adjusted EBITDA margin near **15 %**, and a net debt-to-EBITDA ratio of **2.1×**, indicating moderate leverage. The company reported **≈ 55 million tons** of aggregate shipments and **≈ 5 million tons** of cement sold, both tracking with U.S. construction-spending trends.
Primary economic drivers for MLM are the health of the U.S. construction sector and fiscal policy. The 2021 Infrastructure Investment and Jobs Act and ongoing state-level road-and-bridge programs are expected to boost demand for aggregates and cement, while higher interest rates could suppress residential housing starts, creating a mixed outlook. Seasonal weather patterns also materially affect aggregate production capacity and logistics costs.
For a deeper quantitative dive, the ValueRay platform offers a consolidated view of MLM’s valuation multiples, cash-flow forecasts, and scenario analyses.
Piotroski VR‑10 (Strict, 0-10) 7.5
| Net Income (1.15b TTM) > 0 and > 6% of Revenue (6% = 398.5m TTM) |
| FCFTA 0.05 (>2.0%) and ΔFCFTA 2.24pp (YES ≥ +1.0pp, WARN ≥ +0.5pp) |
| NWC/Revenue 34.17% (prev 20.36%; Δ 13.80pp) (YES ≤20% & Δ≤-1pp; WARN ≤25% & Δ≤0 oder ≤40% & Δ≤-3pp) |
| CFO/TA 0.10 (>3.0%) and CFO 1.84b > Net Income 1.15b (YES >=105%, WARN >=100%) |
| Net Debt (5.85b) to EBITDA (2.21b) ratio: 2.64 <= 3.0 (WARN <= 3.5) |
| Current Ratio 2.97 (target 1.5–3.0; WARN 1.2–<1.5 or >3.0–5.0; CFO/TA gate active) |
| Outstanding Shares last Quarter (60.6m) change vs 12m ago -1.14% (target <= -2.0% for YES) |
| Gross Margin 29.81% (prev 28.74%; Δ 1.08pp) >=18% & Δ>=+0.5pp (WARN >=15% & Δ>=0) |
| Asset Turnover 37.82% (prev 39.54%; Δ -1.73pp) >=50% & Δ>=+2pp (WARN >=35% & Δ>=0) |
| Interest Coverage Ratio 7.14 (EBITDA TTM 2.21b / Interest Expense TTM 222.0m) >= 6 (WARN >= 3) |
Altman Z'' 3.21
| (A) 0.12 = (Total Current Assets 3.42b - Total Current Liabilities 1.15b) / Total Assets 18.65b |
| (B) 0.33 = Retained Earnings (Balance) 6.17b / Total Assets 18.65b |
| (C) 0.09 = EBIT TTM 1.58b / Avg Total Assets 17.56b |
| (D) 0.69 = Book Value of Equity 6.17b / Total Liabilities 8.91b |
| Total Rating: 3.21 = (6.56 * A) + (3.26 * B) + (6.72 * C) + (1.05 * D) |
ValueRay F-Score (Strict, 0-100) 65.50
| 1. Piotroski 7.50pt |
| 2. FCF Yield 2.33% |
| 3. FCF Margin 15.16% |
| 4. Debt/Equity 0.61 |
| 5. Debt/Ebitda 2.64 |
| 6. ROIC - WACC (= 1.19)% |
| 7. RoE 12.24% |
| 8. Rev. Trend 31.08% |
| 9. EPS Trend 41.98% |
What is the price of MLM shares?
Over the past week, the price has changed by +0.62%, over one month by +2.32%, over three months by +2.15% and over the past year by +13.48%.
Is MLM a buy, sell or hold?
- Strong Buy: 11
- Buy: 4
- Hold: 7
- Sell: 0
- Strong Sell: 1
What are the forecasts/targets for the MLM price?
| Issuer | Target | Up/Down from current |
|---|---|---|
| Wallstreet Target Price | 668.4 | 6.4% |
| Analysts Target Price | 668.4 | 6.4% |
| ValueRay Target Price | 742.9 | 18.2% |
MLM Fundamental Data Overview December 05, 2025
P/E Trailing = 31.7975
P/E Forward = 28.0899
P/S = 5.4059
P/B = 3.8152
P/EG = 3.584
Beta = 1.161
Revenue TTM = 6.64b USD
EBIT TTM = 1.58b USD
EBITDA TTM = 2.21b USD
Long Term Debt = 5.29b USD (from longTermDebt, last quarter)
Short Term Debt = 291.0m USD (from shortTermDebt, last quarter)
Debt = 5.90b USD (from shortLongTermDebtTotal, last quarter)
Net Debt = 5.85b USD (from netDebt column, last quarter)
Enterprise Value = 43.16b USD (37.32b + Debt 5.90b - CCE 57.0m)
Interest Coverage Ratio = 7.14 (Ebit TTM 1.58b / Interest Expense TTM 222.0m)
FCF Yield = 2.33% (FCF TTM 1.01b / Enterprise Value 43.16b)
FCF Margin = 15.16% (FCF TTM 1.01b / Revenue TTM 6.64b)
Net Margin = 17.35% (Net Income TTM 1.15b / Revenue TTM 6.64b)
Gross Margin = 29.81% ((Revenue TTM 6.64b - Cost of Revenue TTM 4.66b) / Revenue TTM)
Gross Margin QoQ = 33.10% (prev 30.04%)
Tobins Q-Ratio = 2.31 (Enterprise Value 43.16b / Total Assets 18.65b)
Interest Expense / Debt = 1.00% (Interest Expense 59.0m / Debt 5.90b)
Taxrate = 19.78% (89.0m / 450.0m)
NOPAT = 1.27b (EBIT 1.58b * (1 - 19.78%))
Current Ratio = 2.97 (Total Current Assets 3.42b / Total Current Liabilities 1.15b)
Debt / Equity = 0.61 (Debt 5.90b / totalStockholderEquity, last quarter 9.73b)
Debt / EBITDA = 2.64 (Net Debt 5.85b / EBITDA 2.21b)
Debt / FCF = 5.81 (Net Debt 5.85b / FCF TTM 1.01b)
Total Stockholder Equity = 9.41b (last 4 quarters mean from totalStockholderEquity)
RoA = 6.18% (Net Income 1.15b / Total Assets 18.65b)
RoE = 12.24% (Net Income TTM 1.15b / Total Stockholder Equity 9.41b)
RoCE = 10.78% (EBIT 1.58b / Capital Employed (Equity 9.41b + L.T.Debt 5.29b))
RoIC = 8.56% (NOPAT 1.27b / Invested Capital 14.85b)
WACC = 7.37% (E(37.32b)/V(43.22b) * Re(8.41%) + D(5.90b)/V(43.22b) * Rd(1.00%) * (1-Tc(0.20)))
Discount Rate = 8.41% (= CAPM, Blume Beta Adj.)
Shares Correlation 3-Years: -100.0 | Cagr: -1.14%
[DCF Debug] Terminal Value 76.65% ; FCFE base≈812.5m ; Y1≈796.1m ; Y5≈810.8m
Fair Price DCF = 223.0 (DCF Value 13.45b / Shares Outstanding 60.3m; 5y FCF grow -2.99% → 3.0% )
EPS Correlation: 41.98 | EPS CAGR: 23.02% | SUE: 0.44 | # QB: 0
Revenue Correlation: 31.08 | Revenue CAGR: 5.76% | SUE: -4.0 | # QB: 0
EPS next Quarter (2026-03-31): EPS=2.59 | Chg30d=+0.150 | Revisions Net=+2 | Analysts=8
EPS next Year (2026-12-31): EPS=22.20 | Chg30d=+0.348 | Revisions Net=-2 | Growth EPS=+18.6% | Growth Revenue=+9.4%
Additional Sources for MLM Stock
Tweets: X | Stocktwits
Fund Manager Positions: Dataroma | Stockcircle