MARTIN MARIETTA MATERIALS INC

10-K & 10-Q Filings

Martin Marietta Materials, Inc. is a natural resource-based building materials company that supplies aggregates (crushed stone, sand, and gravel), cement, and downstream products such as ready mixed concrete, asphalt, and paving services. The company operates in the United States, Canada, and The Bahamas. Its business strategy includes expanding its inland and offshore capacity, acquiring distribution facilities and port locations, and pursuing new opportunities in existing markets or new markets. The company's Building Materials business is organized into two reportable segments: East Group and West Group. The East Group provides aggregates and asphalt products, while the West Group provides aggregates, cement, downstream products, and paving services. The Magnesia Specialties business produces magnesia-based chemical products and dolomitic lime. The company's website is <https://www.martinmarietta.com>, and its ticker symbol is MLM.

12 mos ending Dec 31, 201112 mos ending Dec 31, 201212 mos ending Dec 31, 201312 mos ending Dec 31, 201412 mos ending Dec 31, 201512 mos ending Dec 31, 201612 mos ending Dec 31, 201712 mos ending Dec 31, 201812 mos ending Dec 31, 201912 mos ending Dec 31, 202012 mos ending Dec 31, 202112 mos ending Dec 31, 202212 mos ending Dec 31, 20233 mos ending Mar 31, 20233 mos ending Mar 31, 2024CAGR %YoY %Revenue (+)
$1713.82
2037.67
2155.55
2957.95
3539.57
3818.75
3965.59
4244.27
4739.10
4729.90
5414.00
6160.70
6777.20
1354.10
1251.00
12.14%-7.61%Cost of Revenue (-)
$1411.81
1711.75
1791.59
2435.59
2817.80
2909.78
2993.65
3277.69
3560.10
3477.10
4065.60
4737.40
4754.60
1051.30
979.00
10.65%-6.88%Gross Profit (+)
$302.01
325.92
363.96
522.36
721.77
908.97
971.94
966.58
1179.00
1252.80
1348.40
1423.30
2022.60
302.80
272.00
17.17%-10.17%Selling, General & Administrative (-)
$124.14
138.40
150.09
169.25
218.23
248.00
262.13
280.55
302.70
305.90
351.00
396.70
442.80
104.30
118.00
11.18%13.14%Non-recurring Operating Expenses (-)
$
42.89
8.46
1.68
8.64
13.48
0.50
1.30
57.90
Operating Expenses (-)
$140.99
170.96
145.97
207.49
242.35
241.64
271.56
275.84
294.10
247.40
374.60
216.60
426.60
106.70
-1149.00
9.67%-1176.85%Costs & Expenses (Total) (-)
$1552.80
1882.71
1937.56
2643.08
3060.15
3151.43
3265.21
3553.53
3854.20
3724.50
4440.20
4954.00
5181.20
1158.00
-170.00
10.56%-114.68%Operating Income/Loss (+)
$161.02
154.95
217.99
314.87
479.42
667.32
700.38
690.74
884.90
1005.40
973.80
1206.70
1596.00
196.10
1421.00
21.06%624.63%Non-operating Income/Expense (+)
$-1.83
1.30
-0.29
0.36
10.67
21.38
10.03
22.41
-7.30
2.00
24.40
53.40
62.10
16.10
33.00
104.97%Interest Expense (-)
$58.59
53.34
53.47
66.06
76.29
81.68
91.49
137.07
129.30
118.10
142.70
169.00
165.30
42.20
40.00
9.03%-5.21%Earnings before Tax (+)
$100.60
102.91
164.23
249.18
413.80
607.03
618.93
576.08
748.30
889.30
855.50
1091.10
1492.80
170.00
1414.00
25.20%731.76%Tax Expense (-)
$20.99
16.95
44.05
94.85
124.86
181.58
-94.46
105.70
136.30
168.20
153.20
234.80
292.50
35.50
368.00
24.55%936.62%Income/Loss (Continuing Operations) (+)
$79.62
85.96
120.18
154.33
288.94
425.44
713.38
470.38
612.00
721.10
702.30
856.30
1200.30
134.50
1046.00
25.37%677.70%Income/Loss (Discontinued Operations) (+)
$3.96
-0.44
-0.75
-0.04
0.50
10.50
-30.90
-12.90
Profit/Loss (+)
$83.57
85.53
119.43
154.29
288.94
425.44
713.38
470.38
612.00
721.10
702.80
866.80
1169.40
121.60
1046.00
24.59%760.20%Net Income/Loss (NCI) (-)
$1.19
1.05
-1.91
-1.31
0.15
0.06
0.04
0.38
0.10
0.10
0.30
0.50
0.20
1.00
-7.00%400.00%Net Income/Loss (+)
$82.38
84.47
121.34
155.60
288.79
425.39
713.34
470.00
611.90
721.00
702.50
866.80
1168.90
121.40
1045.00
24.74%760.79%Net Income/Loss (Common) (+)
$82.38
84.47
121.34
155.60
288.79
425.39
713.34
470.00
611.90
721.00
702.50
866.80
1168.90
121.40
1045.00
24.74%760.79%EPS (Basic)
$1.79
1.83
2.62
2.73
4.31
6.66
11.30
7.46
9.77
11.56
11.26
13.91
18.88
1.96
16.92
21.69%763.27%EPS (Diluted)
$1.78
1.83
2.61
2.71
4.29
6.63
11.25
7.43
9.74
11.54
11.22
13.87
18.82
1.95
16.87
21.72%765.13%Weighted Avg Shares (Basic)
45.65
45.83
46.16
56.85
66.77
63.61
62.93
62.90
62.50
62.30
62.40
62.30
61.90
62.10
61.80
2.57%-0.48%Weighted Avg Shares (Diluted)
45.79
45.97
46.28
57.09
67.02
63.86
63.22
63.15
62.70
62.40
62.60
62.50
62.10
62.20
62.00
2.57%-0.32%Cash
$26.02
25.39
42.44
108.65
168.41
50.04
1446.36
44.89
21.00
304.40
258.90
1063.40
1282.30
931.80
2650.00
38.37%184.40%Receivables
$203.75
224.05
245.42
421.00
410.92
457.91
487.24
523.28
573.70
575.10
774.00
785.90
753.30
796.70
703.00
11.51%-11.76%Inventory
$322.61
332.31
347.31
484.92
469.14
521.62
600.59
663.03
690.80
709.00
752.60
873.70
988.60
948.70
1077.00
9.78%13.52%Other Assets (Current)
$105.47
118.65
120.20
274.25
33.70
56.81
96.97
134.61
141.20
79.80
240.10
153.90
894.70
135.50
88.00
19.50%-35.06%Assets (Current)
$657.85
700.40
755.37
1288.82
1082.17
1086.38
2631.16
1365.82
1426.70
1668.30
2025.60
2876.90
3918.90
2812.70
4518.00
16.03%60.63%Property, Plant & Equipment (Net)
$1774.29
1753.24
1799.24
3402.77
3156.00
3423.39
3592.81
5157.23
5687.90
5695.30
6764.70
6700.20
6557.50
6279.50
6600.00
11.51%5.10%Accumulated Depreciation
$
4441.50
4657.00
4.85%Goodwill & Intangibles
$670.80
666.64
665.21
2664.00
2578.79
2228.45
2227.52
2900.40
2883.60
2922.00
4559.40
4497.30
4087.20
4490.30
4181.00
16.25%-6.89%Other Assets
$44.88
40.65
40.01
108.80
144.78
562.68
541.01
127.97
133.40
295.20
1043.30
919.20
561.30
925.50
559.00
23.43%-39.60%Assets (Non-current)
$2489.97
2460.53
2504.46
6175.58
5879.56
6214.52
6361.35
8185.60
8704.90
8912.50
12367.40
12116.70
11206.00
12078.20
11722.00
13.35%-2.95%Assets (Total)
$3147.82
3160.93
3259.83
7464.39
6961.73
7300.90
8992.51
9551.42
10131.60
10580.80
14393.00
14993.60
15124.90
14890.90
16240.00
13.97%9.06%Accounts Payable
$108.94
103.00
121.71
297.41
258.44
286.12
292.85
325.78
229.60
207.80
404.20
499.40
486.10
381.70
800.00
13.27%109.59%Debt (Current)
$7.18
5.68
14.96
14.52
29.48
180.04
299.91
390.04
392.70
699.10
399.60
699.60
400.00
39.78%-42.82%Other Liabilities (Current)
$57.59
64.66
73.88
84.72
79.27
80.43
101.46
70.92
216.20
291.50
348.40
247.10
284.50
246.70
229.00
14.24%-7.17%Liabilities (Current)
$173.71
173.34
210.55
396.65
367.19
546.59
694.22
786.75
838.50
499.30
752.60
1445.60
1170.20
1328.00
1429.00
17.23%7.61%Debt (Non-current)
$1052.90
1042.18
1018.52
1571.06
1553.65
1506.15
2727.29
2730.44
2867.50
2625.80
5100.80
4340.90
3945.60
4342.00
3947.00
11.64%-9.10%Other Liabilities
$472.34
495.11
455.84
1143.94
980.71
1105.57
888.52
1084.82
1072.30
1562.40
2002.00
2034.30
1973.50
2043.40
1987.00
12.65%-2.76%Liabilities (Non-current)
$1525.25
1537.29
1474.36
2715.00
2534.36
2611.73
3615.82
3815.26
3939.80
4188.20
7102.80
6375.20
5919.10
6385.40
5934.00
11.96%-7.07%Liabilities (Total)
$1698.96
1710.63
1684.91
3111.64
2901.55
3158.32
4310.03
4602.01
4778.30
4687.50
7855.40
7820.80
7089.30
7713.40
7363.00
12.64%-4.54%Retained Earnings
$1090.89
1101.60
1148.74
1213.04
874.44
935.57
1440.07
1693.26
2077.20
2607.70
3161.90
3719.40
4562.60
3724.60
5411.00
12.66%45.28%AOCI
$-83.89
-106.17
-44.11
-106.16
-105.62
-130.69
-129.10
-143.58
-145.80
-158.40
-97.60
-38.50
-49.20
-37.40
-49.00
-31.02%Shareholder's Equity
$1448.86
1450.30
1574.92
4352.75
4060.18
4142.59
4682.48
4949.41
5353.30
5893.30
6537.60
7172.80
8035.60
7177.50
8877.00
15.35%23.68%Liabilities & Equity
$3147.82
3160.93
3259.83
7464.39
6961.73
7300.90
8992.51
9551.42
10131.60
10580.80
14393.00
14993.60
15124.90
14890.90
16240.00
13.97%9.06%Net Income/Loss
$83.57
85.53
119.43
154.29
288.94
425.44
470.38
612.00
721.10
702.80
866.80
1169.40
121.60
1046.00
24.59%760.20%Depreciation & Amortization
$173.41
177.21
173.76
222.75
263.59
285.25
297.16
344.03
371.50
393.50
451.70
506.00
513.20
123.60
130.00
9.46%5.18%Increase/Decrease in Working Capital
$6.84
62.10
10.30
4.66
86.31
95.46
111.55
192.40
86.40
67.40
115.40
216.30
149.70
102.00
-362.00
29.33%-454.90%Share-based Compensation
$11.52
7.78
7.01
8.99
13.59
20.48
30.46
29.25
34.10
30.00
43.00
42.70
50.00
13.70
15.00
13.01%9.49%Adjustments to Reconcile Net Income
$175.52
137.16
189.52
227.36
284.21
253.21
-55.51
234.77
354.10
329.00
434.90
124.40
359.00
38.90
-874.00
6.14%-2346.79%Net Cash (Operating)
$259.09
222.69
308.95
381.66
573.15
678.65
657.88
705.15
966.10
1050.10
1137.70
991.20
1528.40
160.50
172.00
15.94%7.17%Capital Expenditure
$257.33
151.18
219.71
191.96
361.38
561.79
422.42
2018.09
393.50
424.80
3532.30
470.80
650.30
173.90
688.00
8.03%295.63%Net Cash (Investing)
$-238.92
-143.21
-214.55
-49.33
88.55
-555.31
-386.48
-1948.21
-385.90
-409.70
-3474.60
-483.80
458.70
-152.40
1425.00
1035.04%Increase/Decrease in Debt
$22.43
-12.66
-14.20
-193.98
-11.27
97.10
1340.24
86.46
-361.10
-152.50
2465.50
-69.50
-717.60
-4.30
-5.00
-16.28%Increase/Decrease in Equity
$-1.86
6.34
9.54
36.93
-482.88
-240.21
-92.09
-97.07
-84.50
-49.70
-6.20
-149.40
-148.80
-74.80
-150.00
-100.53%Interest Expenses
$60.74
53.04
52.03
81.30
71.01
Dividends Paid
$74.65
74.57
75.07
92.10
107.79
105.44
108.85
116.44
130.40
140.30
148.40
159.10
174.50
41.60
47.00
7.33%12.98%Net Cash (Financing)
$-64.47
-80.11
-77.36
-266.12
-601.94
-241.71
1124.93
-158.41
-604.10
-357.00
2291.40
-407.50
-1063.60
-137.40
-229.00
-66.67%Cash Taxes Paid
$13.89
12.83
23.49
15.96
46.77
Increase/Decrease in Cash
$-44.30
-0.63
17.04
66.21
59.76
-118.37
1396.33
-1401.47
-23.90
283.40
-45.50
99.90
923.50
-129.30
1368.00
1158.00%Cash (Beginning)
$70.32
26.02
25.39
42.44
108.65
168.41
50.04
1446.36
44.90
21.00
304.40
258.90
358.80
358.80
1282.00
14.55%257.30%Cash (Ending)
$26.02
25.39
42.44
108.65
168.41
50.04
1446.36
44.89
21.00
304.40
258.90
358.80
1282.30
229.50
2650.00
38.37%1054.68%NOPAT
$138.79
135.64
186.81
294.71
425.23
467.70
807.27
563.99
723.72
815.24
799.42
947.02
1283.28
155.15
1051.18
20.36%577.53%Gross Margin %
17.62%
15.99%
16.88%
17.66%
20.39%
23.80%
24.51%
22.77%
24.88%
26.49%
24.91%
23.10%
29.84%
22.36%
21.74%
Operating Margin %
9.40%
7.60%
10.11%
10.64%
13.54%
17.47%
17.66%
16.27%
18.67%
21.26%
17.99%
19.59%
23.55%
14.48%
113.59%
NOPAT Margin %
8.10%
6.66%
8.67%
9.96%
12.01%
12.25%
20.36%
13.29%
15.27%
17.24%
14.77%
15.37%
18.94%
11.46%
84.03%
Net Margin %
4.81%
4.15%
5.63%
5.26%
8.16%
11.14%
17.99%
11.07%
12.91%
15.24%
12.98%
14.07%
17.25%
8.97%
83.53%
Tax Rate %
13.81%
12.46%
14.30%
6.40%
11.30%
29.91%
-15.26%
18.35%
18.21%
18.91%
17.91%
21.52%
19.59%
20.88%
26.03%
ROA
4.41%
4.29%
5.73%
3.95%
6.11%
6.41%
8.98%
5.90%
7.14%
7.70%
5.55%
6.32%
8.48%
1.04%
6.47%
ROE
9.58%
9.35%
11.86%
6.77%
10.47%
11.29%
17.24%
11.40%
13.52%
13.83%
12.23%
13.20%
15.97%
2.16%
11.84%
ROIC
4.85%
4.73%
6.35%
4.37%
6.56%
7.36%
11.60%
6.32%
7.60%
8.27%
6.38%
7.37%
10.32%
1.28%
8.93%
Asset Turnover
0.54
0.64
0.66
0.40
0.51
0.52
0.44
0.44
0.47
0.45
0.38
0.41
0.45
0.09
0.08
Inventory Turnover
4.38
5.15
5.16
5.02
6.01
5.58
4.98
4.94
5.15
4.90
5.40
5.42
4.81
1.11
0.91
Equity Multiplier
2.17
2.18
2.07
1.71
1.71
1.76
1.92
1.93
1.89
1.80
2.20
2.09
1.88
2.07
1.83
Current Ratio
3.79
4.04
3.59
3.25
2.95
1.99
3.79
1.74
1.70
3.34
2.69
1.99
3.35
2.12
3.16
Quick Ratio
1.32
1.44
1.37
1.34
1.58
0.93
2.79
0.72
0.71
1.76
1.37
1.28
1.74
1.30
2.35
Debt/Equity Ratio
0.73
0.72
0.66
0.36
0.39
0.41
0.65
0.63
0.61
0.45
0.78
0.70
0.54
0.70
0.49
Interest Coverage Ratio
2.65
2.92
4.19
3.87
6.75
Working Capital/Sales
0.24
0.22
0.22
0.23
0.21
0.18
0.29
0.20
0.20
0.26
0.22
0.27
0.26
1.02
0.79
Dividend Payout Ratio %
53.78%
54.97%
40.19%
31.25%
25.35%
22.54%
13.48%
20.64%
18.02%
17.21%
18.56%
16.80%
13.60%
26.81%
4.47%
Total Payout
$114.82
133.92
131.76
330.45
672.95
248.55
-1139.29
127.04
576.00
342.50
-2310.90
378.00
1040.90
120.70
202.00
20.17%67.36%Payout Ratio %
82.73%
98.73%
70.53%
112.13%
158.26%
53.14%
-141.13%
22.53%
79.59%
42.01%
-289.07%
39.91%
81.11%
77.80%
19.22%