Reading the tape
NYSE: MLM
Martin Marietta Materials, Inc.
Basic Materials · Construction Materials
Market Cap
$35.45B
52w High
$710.97
52w Low
$532.80
P/E
14.05
Volume
257.39K
Outstanding Shares
60.05M
Price vs Fundamentals
Why The Stock Is Moving
Mixed / unclearLow confidence
1Y Price: 9.01%Revenue (TTM): -1.27%FCF (TTM): 67.59%P/FCF: 35th pct
What changed
The stock rose 9.01% over the last year. Revenue declined 1.27% over the trailing twelve months. Operating margin moved from 22.3% to 22.74%. Free cash flow grew 67.59% over the trailing twelve months.
What the market seems to be pricing
The stock has moved higher against modestly improving underlying metrics. The operating data does not yet tell a clear story — the move may reflect sentiment, sector rotation, or macro factors rather than company-specific earnings power.
What would invalidate this read
Operating margin currently stands at 22.74%. A decisive move in revenue — currently down 1.27% — would be the clearest signal to resolve the ambiguity.
Company profile
Martin Marietta Materials, Inc., a natural resource-based building materials company, supplies aggregates and heavy-side building materials to the construction industry in the United States and internationally.
CEOC. Howard Nye
SectorBasic Materials
IndustryConstruction Materials
Employees9,400
IPO dateFeb 17, 1994
Valuation
Forward P/E—
EV/EBITDA19.87
Enterprise value$42.8B
Stock splits
No stock splits recorded for this ticker.
Profitability & growth
Revenue growth0.67%
Gross margin29.56%▲4.35%vs FY2024
Operating margin22.74%▼43.84%vs FY2024
ROE11.33%▼46.31%vs FY2024
Analyst consensus
RatingBuy
Target price$692.78▲17.34%
23
Buy
17
Hold
0
Sell
Analyst ratings tend to be lagging indicators. Use as one signal among many.
Earnings
Full quarter-by-quarter history of actuals vs estimates. Switch into compare mode to inspect one metric year-over-year.
Next report
Aug 6, 2026
Q3 FY26 · EPS est $5.10 · Revenue est $1.89B
View
Dividends
$3.28/shareQuarterlyDividend Aristocrat · 30yrSafeMLM pays a dividend with a 0.56% dividend yield, 30 consecutive years of growth, growing at 7.73% annually, covered 5.0× by free cash flow.
Dividend Yield
0.56%
Annual Div / Share
$3.28
5yr CAGR
+7.73%
Doubles every ~9.3yr
Payout Ratio
7.85%
Safe
Dividend Growth Rate
3yr CAGR
+8.19%
5yr CAGR
+7.73%
10yr CAGR
+7.44%
Dividend Safety
10/10Safe
Dividend History
Annualized dividend cycles per share
YearAnnual DivYoY
2025$3.28+5.5%
2024$3.11+8.0%
2023$2.88+11.2%
2022$2.59+7.9%
2021$2.40+6.2%
2020$2.26+6.1%
2019$2.13+13.3%
Income Projection
Invest
$
Growth rate:
Reinvest dividends
Today
$6/yr
$0/mo
In 5 yrs
$8/yr+45%
$1/mo
In 10 yrs
$12/yr+111%
$1/mo
| Today | In 5 yrs | In 10 yrs |
|---|---|---|
$6/yr $0/mo | $8/yr+45% $1/mo | $12/yr+111% $1/mo |
Yield-on-cost grows from 0.56% → 1.17% over 10yr
Analysis
Dividend Strengths
Dividend Aristocrat
MLM has raised its dividend for 30 consecutive years — qualifying as a Dividend Aristocrat, demonstrating long-term commitment to shareholder income.
Well-covered by free cash flow
The dividend is covered 5.0× by free cash flow, indicating the company generates sufficient cash to sustain and potentially grow the payout without straining its finances.
Strong dividend growth rate
The 5-year CAGR of 7.73% meaningfully outpaces inflation, compounding real income growth for long-term holders.
Risks to Watch
No strong risk signal stands out from the latest period pair.
Congressional Activity
Congress Trades in MLM
STOCK Act disclosures from senators and representatives.
April Delaney
MDhouseDemocratPurchase2026-03-09$1,001 - $15,000+30d to disclose