Vulcan Materials Company (VMC) Income Statement
VMC 2025 at a glance
Fiscal year ended December 31, 2025 · U.S. dollarsVMC revenue and net income
Where VMC's revenue goes
2025Each bar shows an amount and its share of revenue. VMC kept 13.6% of revenue as net income.
VMC profit margins
VMC growth rates
to 2025| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Revenue | +6.9% | +2.7% | +10.3% | +8.8% |
| Gross profit | +8.3% | +11.6% | +11.1% | +9.7% |
| Operating income | +16.7% | +18.7% | +12.2% | +11.2% |
| Net income | +18.5% | +23.4% | +13.1% | +17.2% |
| EPS (diluted) | +6.0% | +16.0% | +11.2% | +14.0% |
1-year change and average annual growth (CAGR) over 3, 5 and 10 fiscal years. "—" when a starting value was zero or negative.
VMC quarterly EPS vs estimates
Vulcan Materials beat the analyst EPS estimate in 5 of the last 8 quarters. Next report: October 29, 2026 (estimate $2.89).
VMC income statement
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $7.93B | $7.42B | $7.78B | $7.32B | $5.55B | $4.86B | $4.93B | $4.38B | $3.89B | $3.59B |
| Cost of revenue | $5.77B | $5.42B | $5.83B | $5.76B | $4.18B | $3.58B | $3.67B | $3.28B | $2.90B | $2.60B |
| Gross profit | $2.17B | $2.00B | $1.95B | $1.56B | $1.37B | $1.28B | $1.26B | $1.10B | $993.5M | $988.9M |
| Research & development | — | — | — | — | — | — | — | $0 | $0 | $0 |
| Sales, general & admin | $564.1M | $531.1M | $526.8M | $515.1M | $417.6M | $359.8M | $370.5M | $333.4M | $323.9M | $315.0M |
| Total operating expenses | $574.3M | $635.1M | $521.1M | $606.3M | $362.6M | $385.8M | $378.4M | $353.2M | $354.5M | $323.0M |
| Operating income | $1.59B | $1.36B | $1.43B | $951.4M | $1.01B | $895.7M | $877.5M | $747.7M | $639.0M | $665.9M |
| Interest income | $226.3M | $20.9M | $16.5M | $168.4M | $147.7M | $134.4M | $1.2M | $554,000 | $4.4M | $807,000 |
| Interest expense | $467.0M | $191.2M | $196.1M | $169.2M | $149.3M | $136.0M | $130.2M | $138.0M | $295.5M | $134.1M |
| Income before taxes | $1.36B | $1.17B | $1.25B | $788.1M | $873.8M | $743.8M | $757.7M | $623.3M | $361.3M | $547.3M |
| Income taxes | $281.5M | $251.4M | $299.4M | $193.0M | $200.1M | $155.8M | $135.2M | $105.4M | −$232.1M | $124.9M |
| Net income | $1.08B | $911.9M | $933.2M | $575.6M | $670.8M | $584.5M | $617.7M | $515.8M | $601.2M | $419.5M |
| EBITDA | $2.58B | $2.00B | $2.06B | $1.53B | $1.44B | $1.28B | $1.26B | $1.11B | $962.8M | $966.3M |
| EPS (diluted) | $7.99 | $7.54 | $6.99 | $5.12 | $5.05 | $4.70 | $4.70 | $4.06 | $3.02 | $2.86 |
| Gross margin | 27.3% | 27.0% | 25.0% | 21.3% | 24.7% | 26.4% | 25.5% | 25.1% | 25.5% | 27.5% |
| Operating margin | 20.1% | 18.4% | 18.3% | 13.0% | 18.2% | 18.4% | 17.8% | 17.1% | 16.4% | 18.5% |
| Net margin | 13.6% | 12.3% | 12.0% | 7.9% | 12.1% | 12.0% | 12.5% | 11.8% | 15.5% | 11.7% |
| Jun '26 | Mar '26 | Dec '25 | Sep '25 | Jun '25 | Mar '25 | Dec '24 | Sep '24 | Jun '24 | Mar '24 | Dec '23 | Sep '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $2.16B | $1.76B | $1.91B | $2.28B | $2.10B | $1.63B | $1.85B | $2.00B | $2.01B | $1.55B | $1.83B | $2.19B |
| Cost of revenue | $1.53B | $1.33B | $1.43B | $1.59B | $1.48B | $1.27B | $1.32B | $1.44B | $1.42B | $1.24B | $1.36B | $1.59B |
| Gross profit | $625.5M | $422.7M | $487.0M | $688.5M | $625.2M | $365.3M | $537.2M | $565.2M | $592.2M | $304.9M | $472.2M | $591.0M |
| Sales, general & admin | $141.3M | $135.7M | $136.1M | $145.3M | $138.3M | $138.3M | $138.1M | $129.1M | $134.1M | $129.7M | $142.4M | $143.9M |
| Total operating expenses | $200.2M | $127.1M | $136.0M | $145.2M | $154.2M | $138.9M | $136.2M | $228.1M | $138.6M | $132.0M | $102.1M | $172.1M |
| Operating income | $425.3M | $295.6M | $351.0M | $543.3M | $471.0M | $226.4M | $401.0M | $337.1M | $453.6M | $172.9M | $370.1M | $418.9M |
| Interest income | — | — | $52.1M | $55.3M | $59.2M | $59.7M | $52.6M | $38.4M | — | — | — | $46.6M |
| Interest expense | $60.0M | $53.3M | $55.0M | $293.1M | $59.2M | $59.7M | $73.5M | $38.4M | $40.2M | $39.1M | $37.4M | $46.6M |
| Income before taxes | $404.5M | $212.9M | $296.0M | $488.6M | $414.2M | $164.1M | $339.0M | $294.9M | $404.7M | $133.5M | $335.3M | $365.9M |
| Income taxes | $82.1M | $45.9M | $44.0M | $112.4M | $91.3M | $33.8M | $42.9M | $85.2M | $94.4M | $28.9M | $105.0M | $85.8M |
| Net income | $323.4M | $165.5M | $252.0M | $379.2M | $320.9M | $128.9M | $293.7M | $207.6M | $308.0M | $102.7M | $227.4M | $276.5M |
| EBITDA | $632.2M | $436.5M | $515.5M | $973.1M | $658.8M | $410.2M | $576.3M | $494.0M | $601.7M | $323.5M | $541.7M | $573.6M |
| EPS (diluted) | $2.59 | $1.35 | $1.70 | $2.84 | $2.45 | $1.00 | $2.17 | $2.22 | $2.35 | $0.80 | $1.46 | $2.29 |
| Gross margin | 29.0% | 24.1% | 25.5% | 30.2% | 29.7% | 22.3% | 29.0% | 28.2% | 29.4% | 19.7% | 25.7% | 27.0% |
| Operating margin | 19.7% | 16.8% | 18.3% | 23.8% | 22.4% | 13.9% | 21.6% | 16.8% | 22.5% | 11.2% | 20.2% | 19.2% |
| Net margin | 15.0% | 9.4% | 13.2% | 16.6% | 15.3% | 7.9% | 15.8% | 10.4% | 15.3% | 6.6% | 12.4% | 12.6% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported in VMC's financial statements (latest annual report filed February 19, 2026); data from EODHD. Sales, general & administrative expenses include sales and marketing.
VMC financial results
In fiscal year 2025 (ended December 31, 2025), Vulcan Materials reported revenue of $7.9 billion, up 6.9% from the year before. It had net income of $1.1 billion (up 18.5%), a net profit margin of 13.6%. Diluted earnings per share came to $7.99. Over five years revenue grew at an average rate of 10.3% a year.
See the VMC stock overview for the latest quote and news, or the VMC chart for price history and technical indicators.
VMC income statement FAQ
What is Vulcan Materials's annual revenue?
Vulcan Materials reported total revenue of $7.9 billion for fiscal year 2025, which ended on December 31, 2025. That was up 6.9% from $7.4 billion the previous year.
Is Vulcan Materials profitable?
Yes. Vulcan Materials reported net income of $1.1 billion in fiscal 2025, a net profit margin of 13.6%; its operating margin was 20.1%.
What is Vulcan Materials's gross margin?
Vulcan Materials's gross margin was 27.3% in fiscal 2025: for every $100 of revenue, Vulcan Materials kept $27 after the direct cost of its products and services.
How fast is Vulcan Materials growing?
Revenue grew 10.3% a year on average over the last five fiscal years, from $4.9 billion to $7.9 billion.
What are Vulcan Materials's earnings per share?
Vulcan Materials earned $7.99 per diluted share in fiscal 2025, compared with $7.54 a year earlier.
When will Vulcan Materials report its next earnings?
Vulcan Materials is expected to report results for the quarter ending September 30, 2026 on October 29, 2026 before the market opens.
When does Vulcan Materials's fiscal year end?
Vulcan Materials's fiscal year ends in December. The latest annual report covers the year ended December 31, 2025 and was filed on February 19, 2026.