Martin Marietta Materials Inc

Latest Results (28.08.2026):

This summary covers Martin Marietta Materials Inc.'s fourth quarter of 2025 results (quarter ended December 31, 2025). The company reported record fourth-quarter revenues and gross profit for its aggregates and Specialties businesses, with consolidated revenues of $1,534 million (up 9% year-over-year) and gross profit of $468 million (up 10%). Adjusted EBITDA from continuing operations was $515 million (up 10%); diluted EPS from continuing operations was $3.85 (down 4%) and consolidated net earnings were $279 million (down 5%). Full-year 2025 results show revenue of $6,150 million (up 9%) and gross profit of $1,889 million (up 16%), while full-year net earnings from continuing operations declined to $990 million (impacted by the absence of a prior-year divestiture gain).

Q4 consolidated financials

Revenues $1,534M (+9% YoY), gross profit $468M (+10%), Adjusted EBITDA (continuing) $515M (+10%), consolidated Adjusted EBITDA $577M (+6%), diluted EPS (continuing) $3.85 (‑4%), consolidated diluted EPS $4.62 (‑4%).

Aggregates performance (Q4 2025)

Aggregates shipments 48.9M tons (+2%), average selling price $23.11/ton (+5%), aggregates revenues $1,225M (+8%), aggregates gross profit $420M (+11%) — all fourth-quarter records. Gross profit per ton $8.59 (+9%) and aggregates gross margin expanded to ~34% (up 93 bps).

Specialties & Building Materials

Specialties delivered record Q4 revenues $133M and gross profit $29M, benefiting from Premier Magnesia contributions and pricing. Building Materials business (total) had Q4 revenues $1.401B and gross profit $443M (both Q4 records).

Full‑year 2025 and drivers

Full-year revenue $6,150M (+9%) and gross profit $1,889M (+16%). Adjusted EBITDA from continuing operations $2,065M (+17%). Full‑year net earnings from continuing operations $990M (‑45%), reflecting that 2024 included a significant nonrecurring divestiture gain.

Cash flow, capital allocation & liquidity

Operating cash flow for 2025 was a record $1.79B (+22%). CapEx $807M. The company returned $647M to shareholders (dividends + repurchases) and had 11.0M shares remaining under repurchase authorization. Cash on hand was $67M with $1.17B of unused borrowing capacity at year end.

Portfolio actions & discontinued operations

Martin Marietta entered a definitive asset-exchange agreement with QUIKRETE (expected to close Q1 2026) and acquired Minnesota aggregates/FOB asphalt assets in Dec 2025. Midlothian cement plant, related terminals and Texas ready-mix plants were classified as held for sale; discontinued operations contributed $46M in Q4 2025.

2026 guidance

2026 guidance (continuing operations): revenues $6.42–6.78B (midpoint $6.60B); Adjusted EBITDA $2.16–2.31B (midpoint $2.235B); net earnings (continuing) $1,043–1,158M (midpoint $1,100M). Aggregates shipment growth guided to 1–3% and ASP growth 4–6% versus 2025.