MLM
Martin Marietta Materials
$550.27
▲ 2.2%Updated Aug 7, 11:30 AM ET
MLM at a glance — five pillars scored 0–100 from real filed financials.
Overall: Strong · 72/100. A wider, greener shape means more pillars look healthy. Dividends scores 0 when a company pays none — that is a choice, not a flaw.
▲ Up 13.1% over the last 12 months
Market Cap
$35.99B
P/E
13.03x
Forward P/E (est.)
9.31x
ROE
25.1%
Revenue Growth
-1.3%
EPS Growth
141.5%
Profit Margin
38.7%
FCF Yield
4.3%
Debt / Equity
0.56x
ROIC
7.0%
Interest Coverage
6.25x
Current Ratio
2.28x
Dividend Yield
0.6%
Implied Growth (rev. DCF)
6.1%
Rating Score
72/100
Martin Marietta Materials (MLM) is a large-cap company in the Construction Materials industry, part of the Materials sector of the S&P 500, with a market value around $35.99B.
In its latest reported year it generated about $6.15B in revenue and $1.14B in net profit.
Our model rates MLM Strong (72/100) on growth, profitability, financial health, and valuation. The summary below is built from its filed financials and current ratios and refreshes automatically.
Evidence of durable competitive advantage in the filed financials (10 years of history).
Some durable-advantage evidence, but not across the board — dig into which ingredient is weak and whether it's cyclical or structural.
29.8% average over the last 3 years
±2.7 pts around 26.0% across 10 years
grew in 6 of the last 9 year-over-year periods
positive in 10 of 10 years
7.0% latest fiscal year
A moat can't be proven by numbers alone — this scores the evidence a durable advantage leaves behind (pricing power, consistency, returns on capital), computed the same way for every stock. Pair it with the business overview before concluding anything.
Technical analysis reads price and volume to judge momentum and timing. It complements the fundamentals above — it does not replace them. Here is what MLM's chart says today, with each tool explained.
Trend — moving averages. A moving average is the average closing price over a window, which smooths out daily noise. MLM trades near $550.27, below its 50-day average ($586.40) and 200-day average ($617.25). Price below both averages is a downtrend — momentum is against buyers for now.
Momentum — RSI. The Relative Strength Index runs 0–100 and measures how strong recent gains are versus losses. Above 70 is "overbought", below 30 "oversold". At 60 it is in neutral territory — neither stretched nor washed out.
MACD. MACD compares two moving averages to flag shifts in momentum. Its histogram is currently negative — short-term momentum is fading.
Volatility — ATR. Average True Range is the typical daily move. MLM's is $22.03 (~4.0% of price), so swings of about that size each day are normal — handy for setting a stop that isn't too tight.
Support & resistance. Over the last month MLM found buyers near $545.56 (support) and sellers near $642.18 (resistance); its 52-week range is $525.38–$710.97. A decisive break beyond either edge often marks the next move.
Volume. The latest session traded 1.1× the 20-day average — about normal. Rising volume on up-days suggests real buying; on down-days, real selling.
Educational information to help you read a chart — not a recommendation or a forecast. It updates daily as the price and indicators change.
4Y CAGR
3.2%
Revenue moved from $3.82B in 2016 to $6.15B in 2025, a 5.4% compound annual growth rate. The most recent year declined 1.3% year over year. Shrinking revenue is worth a closer look — is it cyclical or structural?
Gross Margin
30.7%
Operating Margin
23.4%
Net Margin
18.5%
ROE
25.1%
Martin Marietta Materials keeps about 38.7% of each sales dollar as net profit, with a 30.7% gross margin and 23.4% operating margin. Return on equity is 25.1% and return on invested capital about 7.0%. Margins this wide usually signal pricing power or a cost advantage.
Total Debt
$5.29B
Net Debt
$5.02B
Net Debt / EBITDA
3.49x
Debt / Equity
0.56x
Leverage: debt-to-equity is 0.6x, and operating profit covers interest about 6.3x, with a current ratio of 2.3x. That is a moderate, manageable debt load for most businesses. It carries roughly $5.29B of total debt against $273.00M of cash.
Operating CF
$1.78B
Free Cash Flow
$978.00M
FCF Margin
15.9%
In the latest year Martin Marietta Materials produced about $1.78B of operating cash flow and $978.00M of free cash flow after capital spending. That is a free-cash-flow yield of about 4.3% on today's price. Strong cash generation funds dividends, buybacks, and reinvestment.
Can the payout survive a bad year? Scored from filed cash flow, earnings coverage, and the raise/cut record.
The payout is comfortably covered by cash the business actually generates, with a raise habit behind it.
Dividend yield
0.6%
Per share (latest FY)
$3.24
Total paid (latest FY)
$197.00M
History on record
10 years
dividend uses 20% of free cash flow
17% of net income paid out
total dividends increased 9 years in a row
no cuts in the last 10 years on record
Coverage uses the latest fiscal year as filed with the SEC; the streak counts total dollars paid (per-share figures can carry split artifacts). Educational information, not income advice.
P/E
13.03x
P/S
5.89x
P/B
3.41x
EV / EBITDA
—
MLM trades at 13.0x trailing earnings (about 9.3x on estimated forward earnings), 5.9x sales, and 3.4x book value. Reverse-engineering today's price implies the market expects roughly 6.1% long-term free-cash-flow growth. That is an undemanding multiple — potentially cheap if the business is stable.
A two-stage discounted cash flow on real SEC-filed free cash flow — the intrinsic-value anchor professional analysts triangulate from.
DCF fair value / share
$207.00
Current price
$550.27
Starting FCF (latest 10-K)
$978.00M
Growth, years 1–5
-1.3%
Fade to terminal, years 6–10
2.5%
Discount rate
9.0%
Cash flows grow at the stage-1 rate (trailing revenue growth, capped at 20%) for five years, fade to 2.5% by year 10, and continue at that rate forever (Gordon terminal value), all discounted at 9.0%. Small changes in assumptions move the result a lot — treat this as one reference point, not a target price. Educational only, not investment advice.
Where MLM sits versus its Materials sector peers in the S&P 500.
Bands show the middle half (25th–75th percentile) of the 54 Materials companies in the S&P 500 — the peer-relative anchor professional comps analysis uses. Context only — not investment advice.
How MLM stacks up against its Materials peers — valuation, profitability, and growth versus the sector median.
In the Materials sector (78 S&P 500 companies), MLM ranks #16 of 78 by our overall rating. It trades at a discount versus the sector on earnings (13x P/E vs. 22.7x median) with a higher return on equity (25.1% vs. 16.1%) and slower revenue growth (-1.3% vs. 7.9%).
P/E vs sector
13x
median 22.7x
ROE vs sector
25.1%
median 16.1%
Growth vs sector
-1.3%
median 7.9%
Sector rank
#16
of 78 by rating
Valuation vs. quality map
The sweet spot is upper-left: more profitable (higher ROE) for a lower P/E. Dashed lines mark the sector median.
Peers are the closest Materials companies by sub-industry and size. Sector median is across all 78 S&P 500 names in the sector. Educational, not a recommendation.
Project revenue → earnings → price. Edit the assumptions to build your own case.
2030 price target (Base Case)
$0.00 – $0.00
vs. $550.27 today · expected CAGR -22% – -14%
| Metric | 2026 | 2027 | 2028 | 2029 | 2030 |
|---|---|---|---|---|---|
| Revenue | $6.33B | $6.52B | $6.72B | $6.92B | $7.13B |
| Net income | $1.14B | $1.17B | $1.21B | $1.25B | $1.28B |
| EPS | $17.43 | $17.95 | $18.49 | $19.05 | $19.62 |
| Share price (low) | $139.46 | $143.64 | $147.95 | $152.39 | $156.96 |
| Share price (high) | $226.62 | $233.41 | $240.42 | $247.63 | $255.06 |
| CAGR (low–high) | -75% / -59% | -49% / -35% | -35% / -24% | -27% / -18% | -22% / -14% |
Educational model on sample fundamentals — not a forecast or investment advice. Outputs are only as good as your assumptions.
The case for MLM:
- High net margins (38.7%) point to pricing power or efficiency.
- Strong return on equity (25.1%) shows capital is put to work well.
- Healthy free-cash-flow yield (~4.3%) funds buybacks and dividends.
- Our model's overall read is Strong (72/100).
The case against MLM:
- Revenue growth is slow/negative (-1.3%), limiting the upside engine.
- Like any single stock, it is exposed to competition, the economic cycle, and shifts in its end markets.
Growth risk — sluggish revenue (-1.3%) leaves little margin for execution missteps.
Market risk — sector rotation, the economic cycle, and broad sentiment move the stock regardless of fundamentals.
On balance, the fundamentals screen favourably: Martin Marietta Materials is a large-cap materials business with shrinking revenue, with solid profitability, and a sound balance sheet. It trades at 13.0x earnings, which our model scores Strong (72/100). Weigh this against your own goals and time horizon — this is educational information, not a recommendation.
Analyst Ratings
What 30 Wall Street analysts covering MLM recommend (August 2026). Consensus is a useful sanity check — not a substitute for your own homework.
Latest SEC Filings
MLM's most recent filings, straight from SEC EDGAR. Annual and quarterly reports are the deep dives; 8-Ks flag material events the moment they happen.
MLM — frequently asked questions
Is MLM a good stock to buy?
We don't give buy or sell advice. Our model rates Martin Marietta Materials Strong (72/100) based on its growth, profitability, financial health, and valuation — use that as a research starting point and make your own decision.
What is MLM's rating on The Stocks School?
Martin Marietta Materials currently scores 72/100 (Strong) on our transparent model, which weighs real fundamentals: growth, margins, returns on capital, balance-sheet strength, and valuation.
How our ratings work →Where does MLM's data come from?
Live price data plus real fundamentals and 5-year financials pulled directly from Martin Marietta Materials's SEC filings — refreshed automatically, not hand-entered.
How is the 5-year projection for MLM calculated?
It's a scenario model: it grows revenue at an assumed rate, applies a profit margin and a valuation multiple, and shows the resulting share-price range. The assumptions are yours to change — it's a tool for thinking, not a prediction.
Is this MLM analysis financial advice?
No. Everything on this page is educational research, not financial advice or a recommendation to buy or sell MLM. Always do your own research and consider a licensed professional.
Data notice. Fundamentals and financial statements are sourced from company filings (SEC EDGAR) and market-data providers; prices and market caps refresh on trading days and may be delayed. Ratings, projections, technical signals, and written summaries are model- or rule-generated for education and may simplify or lag the latest filings.
Not advice. Nothing on this page is investment advice or a recommendation to buy, hold, or sell any security. Do your own research and consult a licensed financial professional before investing.