Martin Marietta Materials Inc. (MLM)

NYSE: MLM · USD

$510

+5.94 (+1.2%)· Recorded snapshot

영어 원본으로 대체KO

번역하는 동안 영어 원본을 표시 중

이 리포트는 아직 번역되지 않았습니다. 번역 대기열이 따라잡으면 몇 분 후에 새로고침하세요.

StockMarketAgent Research · Analyzed 2026-10-03

Our latest published analysis: MLM rated Sell

Martin Marietta Materials Inc.'s published Sell conclusion compares the analysis-date price with fair value and potential value. Read the full report for assumptions, evidence, and material risks.

Fair value

$371 / share

Potential value

$439 / share

Upside to FV

-23.1%

from $510

Moat

7.5/10

Narrow

Read full analysis →View archive · 24mo

9-phase methodology · same model in each published edition

Market cap	$34.3B
Revenue (ttm)	6.7B
Net income (ttm)	2.5B
EPS (ttm)	$40.7
Shares out	71M
P/E (trailing)	12.5x
P/E (forward)	20.6x
Dividend	$3.36 (0.66%)
Volume	628,351
Beta	1.09

Market data

Price

Recent price action with selectable time range.

Financial snapshot

Revenue (ttm): 6.7B
Net income (ttm): 2.5B
EPS (ttm): $40.7
P/E (trailing): 12.5x
P/E (forward): 20.6x
Market cap: $34.3B

Item	P1	P2	P3	P4	P5	Trend
Period	2021-12-31	2022-12-31	2023-12-31	2024-12-31	2025-12-31	Trend
Revenue	$5.41B	$6.16B	$5.85B	$5.66B	$6.15B	+3.2%
Gross profit	$1.35B	$1.42B	$1.75B	$1.64B	$1.89B	+8.8%
Operating income	$973.8M	$1.21B	$1.33B	$2.48B	$1.44B	+10.2%
Net income	$702.5M	$867.0M	$1.17B	$2.00B	$1.14B	+12.8%
EPS (diluted)	$11.22	$13.87	$18.82	$32.41	$18.77	+13.7%
EBITDA	$1.45B	$1.77B	$2.17B	$3.34B	$2.15B	+10.4%
R&D	—	—	—	—	—	—
SG&A	$351.0M	$397.0M	$425.0M	$429.0M	$443.0M	+6.0%

Ticker	Name	Market cap	P/E	P/S	ROIC	5Y rev CAGR	1Y total return	Rating
AAL	American Airlines Group Inc.	8.3B	—	0.1x	3.0%	+20.0%	-6.9%	보유
ALB	Albemarle Corporation	11.4B	198.9x	1.9x	4.1%	+12.8%	+1.9%	보유
ANET	Arista Networks Inc.	235.7B	59.1x	22.4x	284.8%	+32.0%	+19.7%	매도
APD	Air Products and Chemicals, Inc.	68.3B	—	5.4x	8.9%	+5.2%	+23.1%	보유
AVY	Avery Dennison Corporation	13.7B	19.8x	1.5x	15.1%	+3.3%	+1.6%	보유
BALL	Ball Corporation	16.7B	18.0x	1.2x	8.7%	+2.3%	+28.3%	매수

Base and Bull scenarios

Base60%

Price target

$370.84

-23.1% from spot

The Base case establishes a target value of $370.84, representing an expected return of -23.1% with an assigned probability of 60.0%. This scenario assumes steady shipment volume expansion supported by federal infrastructure outlays under the IIJA, steady aggregates pricing realization, and normalization of West Group operating margins as purchase price accounting inventory adjustments conclude entering FY2027. Disconfirmation would occur if organic pricing decelerates below input cost inflation or if private non-residential construction activity experiences extended delays.

Non-discretionary federal infrastructure funding provides baseline aggregate volume demand across core markets.
Aggregates average selling prices expand steadily to offset labor and operational cost increases.
West Group operating margins recover as acquisition-related inventory step-ups conclude entering FY2027.
Capital expenditures moderate toward normalized maintenance requirements following recent asset additions.

Bull20%

Price target

$439.47

-8.9% from spot

The Bull case models an intrinsic valuation reaching $439.47, implying an expected return of -8.9% with an assigned probability of 20.0%. In this pathway, accelerated federal infrastructure project disbursements intersect with rapid commercialization of semiconductor and clean tech manufacturing mega-projects. Robust pricing power allows the company to push aggressive pricing gains while operating synergies across recently acquired networks expand consolidated operating profitability well above baseline levels. This pathway would be disconfirmed if project financing hurdles or regional supply chain bottlenecks delay mega-project construction schedules.

Accelerated federal IIJA disbursements drive double-digit public infrastructure volume demand.
Contractual price escalators on manufacturing mega-projects deliver premium realized pricing across heavy materials.
Rapid operational integration and quarry network optimization expand consolidated operating margins significantly.
Surging free cash flow enables accelerated balance sheet deleveraging and resumes substantial capital returns.

Sensitivity: Ke × terminal growth

The highlighted cell is Fair value when every assumption sits at its base level ($370.84). Each row and column shows what Fair value becomes when one assumption moves.

Ke ↓ / g →	2.3%	2.5%	2.8%	3.0%	3.3%
8.8%	$399	$407	$415	$424	$434
9.3%	$378	$384	$391	$399	$407
9.8%	$360	$365	$371	$377	$384
10.3%	$343	$348	$353	$358	$364
10.8%	$329	$333	$337	$342	$346

Scorecard

Published factor rows and weighted composite

Calendar

Next earnings

Upcoming earnings date and setup when available.

Upcoming

DateLoading

Window—

EPS estimate—

Revenue estimate—

Sector percentile context

Refreshed 2026-10-28 19:55 UTC

Forward P/E20.6

P25 n/aP50 n/aP75 n/a

Trailing P/E31.4

P25 n/aP50 n/aP75 n/a

ROE8.9

P25 n/aP50 n/aP75 n/a

ROIC6.7

P25 n/aP50 n/aP75 n/a

Benchmarks · 1M

All MLM indicators

Market & fundamental data

Available fields

287

Groups with data

Currency

USD

Showing 287 of 287 available metrics for this ticker.

Profile and market data

Ticker identity, listing, currency, market cap, and source dates.

Metric	Value
Amount currency	USD
CIK code	0000916076
Company name	Martin Marietta Materials, Inc.
Country	United States
Country code	US
CUSIP number	573284106
Earnings date	2026-11-04
Earnings time	bmo
Employees	9,600
Employees change	200
Employees growth	2.13%
Enterprise value	$42.4B
Exchange	NYSE
Financial currency	USD
Financial report date	2026-06-30
First seen	2026-05-09
Fiscal year end	December
Founded	1993
In index	SP500
Industry	Building Materials
IPO date	1994-02-16
Is primary listing	Yes
Is SPAC	No
ISIN number	US5732841060
Last 10-K release date	2026-02-19
Last earnings date	2026-07-30
Last refreshed	2026-10-28
Last stock split type	Never
Market cap	$36.2B
Market cap category	Large-Cap
Next earnings date	2026-11-04
Options	Yes
Price	$509.61
Price currency	USD
Sector	Materials
SIC code	1400
Stock price date	2026-10-28
Symbol	MLM
U.S. state	North Carolina
Website	https://www.martinmarietta.com

Valuation

Multiples, yields, enterprise-value ratios, and valuation checks.

Metric	Value
Adjusted P/E ratio	27.7x
Average P/E ratio (10Y)	25.11x
Average P/E ratio (3Y)	22.38x
Average P/E ratio (5Y)	24.89x
Earnings yield	7.98%
EV/Earnings	17.27x
EV/EBIT	29.48x
EV/EBITDA	19.96x
EV/FCF	52.38x
EV/Sales	6.34x
FCF / EV yield	1.91%
FCF yield	2.24%
Forward EV/Sales	4.73x
Forward P/E	28.12x
Forward P/S	4.03x
Graham number	419.47465
Graham upside	-17.69%
Industry forward P/E	18.58x
Industry P/E	19.12x
Lynch fair value	$1,016.85
Lynch upside	99.53%
P/(FCF - SBC) ratio	47.62x
P/(OCF - SBC) ratio	24.64x
P/B ratio	2.62x
P/E ratio	12.53x
P/FCF ratio	44.68x
P/OCF ratio	23.83x
P/S ratio	5.41x
PEG ratio	3.13x
Price / tangible book value	5.15x
Price/EBITDA ratio	17.02x
Sector forward P/E	15.02x
Sector P/E	22.73x

Profitability

Margins, returns on capital, cash conversion, and quality metrics.

Metric	Value
EBIT margin	21.52%
EBITDA margin	31.79%
Effective tax rate	20.24%
FCF margin	12.11%
Gross margin	28.23%
Operating margin	21.52%
Pretax margin	17.43%
Profit margin	36.74%
Profit per employee	$255,938
Profitable quarters	49
Profitable years	32
Revenue per employee	$696,667
ROA	4.57%
ROA (5Y)	5.01%
ROCE	7.35%
ROE	8.89%
ROE (5Y)	13.55%
ROIC	6.66%
ROIC (5Y)	7.82%
SBC / revenue	0.75%
Tax / revenue	3.53%

Growth

Revenue, earnings, cash-flow, and forward growth indicators.

Metric	Value
EPS growth	125.11%
EPS growth (Q)	-23.17%
EPS growth (QoQ)	-83.33%
EPS growth 10Y	21.9%
EPS growth 3Y	38.73%
EPS growth 5Y	27.05%
EPS growth years	0
FCF growth	-15.89%
FCF growth 3Y	6.53%
FCF growth 5Y	2.35%
Gross profit growth	6.73%
Gross profit growth (Q)	-0.2%
Gross profit growth 3Y	3.46%
Gross profit growth 5Y	7.88%
Net income growth	123.16%
Net income growth (Q)	-23.48%
Net income growth (QoQ)	-83.41%
Net income growth 3Y	37.37%
Net income growth 5Y	26.19%
Net income growth years	0
OCF growth	-19.67%
OCF growth (Q)	-71.06%
OCF growth (QoQ)	-50.66%
OCF growth 10Y	8.76%
OCF growth 3Y	7.46%
OCF growth 5Y	6.32%
Operating income growth	5.27%
Operating income growth (Q)	-6.43%
Operating income growth 3Y	2.21%
Operating income growth 5Y	7.91%
Revenue growth	14.82%
Revenue growth (Q)	21.01%
Revenue growth (QoQ)	42.95%
Revenue growth 10Y	6.89%
Revenue growth 3Y	1.15%
Revenue growth 5Y	7.92%
Revenue growth quarters	4
Revenue growth years	1

Financial statements

Income-statement and cash-flow amounts, totals and per share.

Metric	Value
Capital expenditures	$-709M
Depreciation and amortization	$687M
EBIT	$1.4B
EBITDA	$2.1B
EPS	$40.67
FCF per share	$11.41
Financing cash flow	$69M
Free cash flow	$810M
Free cash flow minus SBC	$760M
Gross profit	$1.9B
Income taxes	$236M
Investing cash flow	$-1.7B
Net borrowing	$509M
Net cash flow	$-116M
Net income	$2.5B
Operating cash flow minus SBC	$1.5B
Operating income	$1.4B
Revenue	$6.7B
Stock-based compensation	$50M

Financial strength

Debt, cash, solvency, accounting-quality, and balance-sheet signals.

Metric	Value
Altman Z-Score	3.36
Book value per share	$192.27
Debt / EBITDA	2.78
Debt / equity	0.55
Debt / FCF	7.83
Goodwill	$4B
Interest coverage	6.2
Long-term assets	$18.9B
Long-term liabilities	$8B
Net cash (debt)	$-6.2B
Net cash / market cap	-17.22%
Net debt / EBITDA	2.93
Net debt / equity	0.54
Net debt / FCF	7.7
Piotroski F-Score	5
Property, plant and equipment	$13.5B
Shareholders' equity	$11.5B
Tangible book value	$7B
Tangible book value per share	$116.93
Total assets	$21.3B
Total cash	$112M
Total debt	$6.3B
Total liabilities	$9.8B
WACC	9.13%

Liquidity

Current-asset coverage and working-capital efficiency metrics.

Metric	Value
Asset turnover	0.34
Current assets	$2.4B
Current liabilities	$1.7B
Current ratio	1.41
Inventory turnover	4.13
Net working capital	$1.5B
Quick ratio	0.65
Working capital	$707M
Working capital turnover	6.43

Dividends and buybacks

Dividend yield, payout, buybacks, and shareholder-yield indicators.

Metric	Value
Buyback yield / dilution	1.11%
Dividend growth	4.06%
Dividend growth (10Y)	7.47%
Dividend growth (3Y)	6.98%
Dividend growth (5Y)	7.5%
Dividend growth years	10
Dividend payment date	2026-09-30
Dividend payment years	33
Dividend payout frequency	Quarterly
Dividend per share	$3.36
Dividend yield	0.66%
Ex-dividend date	2026-09-01
FCF payout ratio	29.46%
Last dividend	$0.84
Payout ratio	8.26%
Shareholder yield	1.77%

Performance and technicals

Returns, volatility, beta, momentum, RSI, and moving-average context.

Metric	Value
10Y price change	187.85%
10Y return CAGR	11.97%
10Y total return	209.77%
150-day SMA	$554.69
15Y price change	571.12%
15Y return CAGR	14.64%
15Y total return	676.2%
1D price change	1.18%
1M price change	5.14%
1M total return	5.14%
1W price change	0.32%
1W total return	0.32%
1Y price change	-17.45%
1Y return CAGR	-17%
1Y total return	-16.99%
20-day SMA	$492.38
200-day SMA	$576.51
20Y price change	465.19%
20Y return CAGR	10.29%
20Y total return	608.57%
3M price change	-10.99%
3M total return	-10.84%
3Y price change	27.6%
3Y return CAGR	9.08%
3Y total return	29.79%
50-day SMA	$501.70
50-day SMA vs 200-day SMA	50under200
52-week high	$710.97
52-week high date	2026-02-10
52-week low	$464.92
52-week low date	2026-10-14
5Y price change	32.88%
5Y return CAGR	6.5%
5Y total return	37.02%
6M price change	-16.49%
6M total return	-16.24%
All-time high	$710.97
All-time high date	2026-02-10
All-time low	$16.50
All-time low date	1995-01-05
Average true range (ATR)	$11.79
Average volume	734.1K
Beta (1Y)	0.64
Beta (2Y)	0.67
Beta (5Y)	1.09
Change from 52-week high	-28.32%
Change from 52-week low	9.61%
Change from all-time high	-28.38%
Change from all-time low	2,985.94%
Change from open	1.1%
Day's gap	0.08%
Dollar volume	$320.2M
High price	$509.63
Low price	$502.97
Monthly RSI	44.39
Open price	$504.09
Position in 52-week range	99.7%
Premarket change	-0.14%
Premarket close	$503.69
Premarket price	$503.00
Previous close	$503.69
Price vs 150-day SMA	-8.2%
Price vs 20-day SMA	3.41%
Price vs 200-day SMA	-11.68%
Price vs 50-day SMA	1.49%
Relative volume	0.86
RSI	57.33
Sharpe ratio	-0.65
Sharpe ratio (3Y)	0.27
Sharpe ratio (5Y)	0.22
Sortino ratio	-0.68
Sortino ratio (3Y)	0.61
Sortino ratio (5Y)	0.53
Volume	628.4K
Weekly RSI	41.45
YTD price change	-18.23%
YTD total return	-17.87%

Ownership and float

Institutional, insider, float, short-interest, and share-count fields.

Metric	Value
Float	59.6M
Float percentage	83.96%
Shares change (QoQ)	-0.33%
Shares change (YoY)	-1.11%
Shares held by insiders	0.52%
Shares held by institutions	85.62%
Shares outstanding	71M
Short % of float	5.35%
Short % of shares	4.49%
Short ratio	3.6 days

Deeper analysis on MLM

14 sections in the full report · jump straight to what you need

Forecast

Base and Bull forecast paths with report-date return framing.

→

Valuation

Fair-value bridge, DCF, owner earnings, and peer multiples.

→

Sensitivity

Cost-of-equity and terminal-growth stress table.

→

Risks

Kill scenarios, soft-pass flags, and downside catalysts.

→

Earnings

Next earnings setup and beat / inline / miss thresholds.

→

Position sizing

Entry, exit, conviction, and quarterly monitoring rules.

→

Financials

Revenue, margins, cash flow, and balance-sheet context.

→

Peers

Relative valuation and profitability against the cohort.

→

Moat

Economic-profit evidence and competitive advantage risk.

→

Industry cycle

Sector phase, capital cycle, and secular tailwinds.

→

Quote this valuation with its source: Fair value, Potential value and the price at analysis.

Frequently asked questions

About this MLM report

What is the latest published MLM stock rating?

Martin Marietta Materials Inc. is shown with Sell in the latest published report, analyzed 2026-10-03. The hub links directly to the full analysis surface where the dated rating, fair-value bridge, risks, and scorecard are documented together.

Where can I read the full MLM analysis?

The full latest published report, analyzed 2026-10-03, lives at /stocks/MLM/analysis. The bare ticker page summarizes that read and links to each analysis tab; earlier editions remain under /analysis/archive.

What fair value is used for MLM?

The latest published report analyzed 2026-10-03 gives MLM a fair value of USD 371 and a potential value of USD 439. These are dated research outputs, not live market prices; review the valuation assumptions, sensitivity analysis, and material risks before making a decision.

How often is the MLM page updated?

The hub selects the latest published stock report regardless of age and displays its analysis date (2026-10-03). Separately sourced market data is labeled with its own recorded timestamp and is never inferred from the report.

SellMLM · Fair value $371-23.1%

Read full analysis →

Martin Marietta Materials Inc. (MLM)

Our latest published analysis: MLM rated Sell

Price

Financial snapshot

Fair-value bridge

Latest news · MLM

Valuation

Profitability

Balance sheet

Trading

Base and Bull scenarios

Sensitivity: Ke × terminal growth

Scorecard

Next earnings

Sector percentile context

All MLM indicators

Profile and market data

Valuation

Profitability

Growth

Financial statements

Financial strength

Liquidity

Dividends and buybacks

Performance and technicals

Ownership and float

Deeper analysis on MLM

Frequently asked questions

등급 이력

Category	Score	Reading
Valuation	1.5
Management	8.5
Balance Sheet	6.0
Profitability	6.5
Revenue Growth	7.5
Risk Assessment	6.5
Competitive Moat	7.5
Earnings Quality	6.0
Capital Efficiency	3.5