Martin Marietta Materials, Inc. (MLM) Key Metrics
MLM valuation today
Trailing 12 months · as of October 18, 2026- Market cap
- $35.57B
- Enterprise value
- $41.06B
- P/E (TTM)
- 32.6 10-yr median 25.5
- Forward P/E
- 20.6
- PEG ratio
- 1.83
- Price / sales
- 5.3 10-yr median 3.7
- Price / book
- 3.0 10-yr median 3.3
- EV / EBITDA
- 19.7 10-yr median 15.6
- Dividend yield
- 0.67% $3.36 a year
- Beta
- 1.08
MLM key metrics, 2016–2025
Fiscal year ended December 31, 2025 · U.S. dollarsMLM valuation Price multiples at each fiscal year-end price.
MLM returns How much profit the business earns on the capital it uses.
MLM per-share figures Results divided by the shares outstanding at year-end.
MLM financial health Debt, liquidity and how easily interest is covered.
MLM efficiency & capital use Working capital cycle and where the cash goes.
MLM valuation history
MLM returns on capital
Net income (ROE, ROA) or after-tax operating income (ROIC) divided by the average of the opening and closing balance.
MLM debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease liabilities.
MLM cash returned to shareholders
MLM price vs earnings per share
MLM key metrics
2016–2025| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Valuation | ||||||||||
| Market capitalization | $37.67B | $31.82B | $30.98B | $21.12B | $27.58B | $17.72B | $17.53B | $10.84B | $13.97B | $14.15B |
| Enterprise value | $42.93B | $36.95B | $34.44B | $26.19B | $32.47B | $20.19B | $20.77B | $13.92B | $15.55B | $15.78B |
| P/E ratio | 33.1 | 15.9 | 26.5 | 24.4 | 39.3 | 24.6 | 28.7 | 23.1 | 19.6 | 33.3 |
| Price / sales | 5.8 | 4.9 | 4.6 | 3.4 | 5.1 | 3.7 | 3.7 | 2.6 | 3.5 | 3.7 |
| Price / book | 3.8 | 3.4 | 3.9 | 2.9 | 4.2 | 3.0 | 3.3 | 2.2 | 3.0 | 3.4 |
| Price / free cash flow | 38.5 | 52.7 | 35.3 | 41.5 | 38.6 | 25.7 | 30.6 | 33.0 | 56.5 | 46.9 |
| Price / operating cash flow | 21.1 | 21.8 | 20.3 | 21.3 | 24.2 | 16.9 | 18.1 | 15.4 | 21.2 | 20.5 |
| EV / sales | 6.6 | 5.7 | 5.1 | 4.3 | 6.0 | 4.3 | 4.4 | 3.3 | 3.9 | 4.1 |
| EV / EBITDA | 19.9 | 11.1 | 15.9 | 14.9 | 22.5 | 14.3 | 16.5 | 13.1 | 15.3 | 16.1 |
| EV / free cash flow | 43.9 | 61.2 | 39.2 | 51.4 | 45.4 | 29.2 | 36.3 | 42.3 | 62.9 | 52.3 |
| Earnings yield | 3.0% | 6.3% | 3.8% | 4.1% | 2.5% | 4.1% | 3.5% | 4.3% | 5.1% | 3.0% |
| Free cash flow yield | 2.6% | 1.9% | 2.8% | 2.4% | 2.6% | 3.9% | 3.3% | 3.0% | 1.8% | 2.1% |
| Dividend yield | 0.5% | 0.6% | 0.6% | 0.8% | 0.5% | 0.8% | 0.7% | 1.1% | 0.8% | 0.7% |
| Shareholder yield (dividends + buybacks) | 1.7% | 2.0% | 1.0% | 1.6% | 0.6% | 1.2% | 1.5% | 2.1% | 1.6% | 2.6% |
| Share price at fiscal year-end | $622.66 | $516.50 | $498.91 | $337.97 | $440.52 | $283.97 | $279.64 | $171.87 | $221.04 | $221.53 |
| Per share | ||||||||||
| Revenue per share | $108.17 | $106.10 | $109.13 | $98.58 | $86.49 | $75.80 | $75.58 | $67.26 | $62.75 | $59.80 |
| Earnings per share | $18.79 | $32.39 | $18.82 | $13.87 | $11.22 | $11.55 | $9.76 | $7.45 | $11.29 | $6.66 |
| Operating cash flow per share | $29.50 | $23.69 | $24.61 | $15.86 | $18.17 | $16.83 | $15.41 | $11.17 | $10.41 | $10.79 |
| Free cash flow per share | $16.17 | $9.81 | $14.14 | $8.15 | $11.42 | $11.06 | $9.13 | $5.22 | $3.91 | $4.72 |
| Cash per share | $1.11 | $10.88 | $20.48 | $5.73 | $4.13 | $3.32 | $0.33 | $0.71 | $22.89 | $0.78 |
| Book value per share | $165.82 | $153.46 | $129.37 | $114.73 | $104.43 | $94.44 | $85.34 | $78.39 | $74.04 | $64.83 |
| Tangible book value per share | $98.50 | $80.45 | $63.56 | $42.77 | $31.60 | $47.62 | $39.35 | $32.42 | $31.85 | $23.01 |
| Dividends per share | $3.26 | $3.07 | $2.80 | $2.55 | $2.36 | $2.25 | $2.07 | $1.84 | $1.72 | $1.64 |
| Capex per share | $13.34 | $13.88 | $10.47 | $7.71 | $6.76 | $5.76 | $6.28 | $5.96 | $6.49 | $6.06 |
| Debt per share | $87.98 | $94.22 | $76.10 | $86.85 | $82.34 | $42.86 | $52.00 | $49.45 | $47.90 | $26.40 |
| Shares outstanding | 60.5M | 61.6M | 62.1M | 62.5M | 62.6M | 62.4M | 62.7M | 63.1M | 63.2M | 63.9M |
| Change in shares outstanding | −1.8% | −0.8% | −0.6% | −0.2% | +0.3% | −0.5% | −0.6% | −0.2% | −1.0% | −4.7% |
| Returns & profitability | ||||||||||
| Return on equity (ROE) | 11.7% | 22.8% | 15.4% | 12.6% | 11.3% | 12.8% | 11.9% | 9.8% | 16.2% | 10.4% |
| Return on invested capital (ROIC) | 8.2% | 16.0% | 10.8% | 8.0% | 8.1% | 9.6% | 8.7% | 7.9% | 11.6% | 8.4% |
| Return on assets (ROA) | 6.2% | 12.0% | 7.8% | 5.9% | 5.6% | 7.0% | 6.2% | 5.1% | 8.8% | 6.0% |
| Return on tangible assets | 7.8% | 14.6% | 10.6% | 8.3% | 7.1% | 9.4% | 8.4% | 7.1% | 11.3% | 9.2% |
| Free cash flow margin | 14.9% | 9.2% | 13.0% | 8.3% | 13.2% | 14.6% | 12.1% | 7.8% | 6.2% | 7.9% |
| Income quality (OCF / net income) | 1.57 | 0.73 | 1.31 | 1.14 | 1.62 | 1.46 | 1.58 | 1.50 | 0.92 | 1.62 |
| Financial health | ||||||||||
| Total debt | $5.32B | $5.80B | $4.73B | $5.43B | $5.15B | $2.67B | $3.26B | $3.12B | $3.03B | $1.69B |
| Cash & short-term investments | $67.0M | $670.0M | $1.27B | $358.0M | $258.4M | $207.3M | $21.0M | $44.9M | $1.45B | $50.0M |
| Net debt | $5.26B | $5.13B | $3.45B | $5.07B | $4.90B | $2.47B | $3.24B | $3.08B | $1.58B | $1.64B |
| Debt / equity | 0.53 | 0.61 | 0.59 | 0.76 | 0.79 | 0.45 | 0.61 | 0.63 | 0.65 | 0.41 |
| Debt / assets | 0.28 | 0.32 | 0.31 | 0.36 | 0.36 | 0.25 | 0.32 | 0.33 | 0.34 | 0.23 |
| Net debt / EBITDA | 2.44 | 1.54 | 1.60 | 2.88 | 3.39 | 1.74 | 2.57 | 2.89 | 1.56 | 1.66 |
| Current ratio | 3.57 | 2.50 | 3.35 | 1.99 | 2.69 | 3.34 | 1.70 | 1.74 | 3.79 | 1.99 |
| Quick ratio | 2.36 | 1.40 | 2.50 | 1.39 | 1.69 | 1.92 | 0.88 | 0.89 | 2.92 | 1.03 |
| Interest coverage | 6.6 | 16.0 | 9.7 | 7.1 | 6.8 | 8.5 | 6.8 | 5.0 | 7.7 | 8.3 |
| Working capital | $2.30B | $1.53B | $2.75B | $1.43B | $1.27B | $1.17B | $588.2M | $579.1M | $1.94B | $539.8M |
| Invested capital | $15.29B | $14.59B | $11.49B | $12.24B | $11.43B | $8.36B | $8.59B | $8.02B | $6.26B | $5.78B |
| Tangible asset value | $5.96B | $4.96B | $3.95B | $2.68B | $1.98B | $2.97B | $2.47B | $2.05B | $2.02B | $1.47B |
| Net current asset value | −$5.48B | −$6.17B | −$3.17B | −$4.94B | −$5.83B | −$3.02B | −$3.35B | −$3.24B | −$1.68B | −$2.07B |
| Graham number | $264.80 | $334.40 | $234.08 | $189.23 | $162.39 | $156.69 | $136.89 | $114.62 | $137.12 | $98.57 |
| Graham net-net per share | −$124.44 | −$113.28 | −$76.61 | −$102.98 | −$106.07 | −$59.20 | −$63.50 | −$60.75 | −$34.78 | −$39.21 |
| Capital allocation | ||||||||||
| Dividends paid | $197.0M | $189.0M | $174.0M | $159.1M | $147.8M | $140.3M | $129.8M | $116.4M | $108.9M | $105.0M |
| Share buybacks (net) | $450.0M | $450.0M | $150.0M | $178.8M | $19.5M | $64.5M | $126.4M | $112.3M | $111.8M | $269.0M |
| Dividend payout ratio | 17.3% | 9.5% | 14.9% | 18.4% | 21.0% | 19.5% | 21.2% | 24.8% | 15.3% | 24.7% |
| Dividends + buybacks / free cash flow | 66.2% | 105.8% | 36.9% | 66.3% | 23.4% | 29.7% | 44.7% | 69.5% | 89.2% | 124.0% |
| Capex / revenue | 12.3% | 13.1% | 9.6% | 7.8% | 7.8% | 7.6% | 8.3% | 8.9% | 10.3% | 10.1% |
| Capex / operating cash flow | 45.2% | 58.6% | 42.5% | 48.6% | 37.2% | 34.3% | 40.7% | 53.3% | 62.4% | 56.2% |
| Capex / depreciation | 1.27 | 1.49 | 1.28 | 0.95 | 0.98 | 1.12 | 1.07 | 1.07 | 1.34 | 1.32 |
| Stock-based compensation / revenue | 0.7% | 0.9% | 0.7% | 0.7% | 0.8% | 0.6% | 0.7% | 0.7% | 0.8% | 0.5% |
| SG&A / revenue | 6.8% | 6.8% | 6.3% | 6.4% | 6.5% | 6.5% | 6.4% | 6.6% | 6.6% | 6.5% |
| Efficiency | ||||||||||
| Days sales outstanding | 39.1 | 40.0 | 41.4 | 46.2 | 45.5 | 44.3 | 42.2 | 43.5 | 43.5 | 41.5 |
| Days of inventory on hand | 87.3 | 82.4 | 71.5 | 62.6 | 65.6 | 73.5 | 69.4 | 70.4 | 68.4 | 62.2 |
| Days payables outstanding | 30.4 | 28.1 | 27.9 | 28.5 | 25.3 | 23.0 | 22.6 | 22.0 | 22.1 | 21.6 |
| Cash conversion cycle (days) | 95.9 | 94.3 | 85.0 | 80.3 | 85.8 | 94.8 | 89.1 | 91.8 | 89.8 | 82.2 |
| Receivables turnover | 9.34 | 9.13 | 8.81 | 7.90 | 8.03 | 8.23 | 8.64 | 8.40 | 8.39 | 8.79 |
| Payables turnover | 12.01 | 12.97 | 13.06 | 12.78 | 14.42 | 15.90 | 16.17 | 16.62 | 16.53 | 16.93 |
| Inventory turnover | 4.18 | 4.43 | 5.10 | 5.83 | 5.56 | 4.97 | 5.26 | 5.19 | 5.34 | 5.87 |
| Asset turnover | 0.35 | 0.39 | 0.45 | 0.42 | 0.43 | 0.46 | 0.48 | 0.46 | 0.49 | 0.54 |
| Average receivables | $700.5M | $715.5M | $769.5M | $780.0M | $674.5M | $574.4M | $548.5M | $505.3M | $472.6M | $434.4M |
| Average payables | $382.0M | $359.0M | $364.0M | $370.6M | $282.0M | $218.7M | $220.2M | $197.2M | $181.1M | $171.7M |
| Average inventory | $1.10B | $1.05B | $931.4M | $813.1M | $730.8M | $699.9M | $676.9M | $631.8M | $561.1M | $495.4M |
| Intangibles / total assets | 21.8% | 24.7% | 27.0% | 30.0% | 31.7% | 27.6% | 28.5% | 30.4% | 29.7% | 36.6% |
Computed from MLM's annual financial statements (latest annual report filed February 19, 2026) and the closing share price on each fiscal year-end, adjusted for stock splits. Figures in U.S. dollars; data from EODHD. Averages use the opening and closing balance of each year.
MLM valuation and financial ratios
At the end of fiscal 2025 (December 31, 2025), Martin Marietta traded at 33.1 times earnings, against a 10-year median of 25.5. Based on the latest twelve months, the trailing P/E is 32.6 and the forward P/E is 20.6. Martin Marietta earned a return on equity of 11.7% and a return on invested capital of 8.2% in fiscal 2025. It ended the year with $5.3 billion of debt and $67.0 million in cash and short-term investments, net debt of $5.3 billion. It returned $647.0 million to shareholders: $197.0 million in dividends and $450.0 million in share buybacks, 66% of free cash flow. The share count fell 5.3% from 63.9M to 60.5M over 9 years.
See the MLM income statement, the MLM chart for price history, or the MLM stock overview for the latest quote and news.
MLM key metrics FAQ
What is Martin Marietta's P/E ratio?
Martin Marietta's trailing P/E ratio is 32.6 based on the last twelve months of earnings (as of October 18, 2026), and its forward P/E is 20.6. At the end of fiscal 2025 it was 33.1, compared with a 10-year median of 25.5.
What is Martin Marietta's EV/EBITDA?
Martin Marietta's enterprise value was 19.9 times EBITDA at the end of fiscal 2025 (enterprise value $42.9 billion, EBITDA $2.2 billion); the current EV/EBITDA is 19.7.
What is Martin Marietta's return on equity?
Martin Marietta's return on equity (ROE) was 11.7% in fiscal 2025: net income of $1.1 billion on average shareholders' equity of $9.7 billion.
What is Martin Marietta's ROIC?
Martin Marietta's return on invested capital was 8.2% in fiscal 2025, using after-tax operating income divided by average debt plus equity minus cash.
How much debt does Martin Marietta have?
Martin Marietta had total debt of $5.3 billion at the end of fiscal 2025, a debt-to-equity ratio of 0.53 and $5.3 billion of net debt (2.44 times EBITDA).
What is Martin Marietta's dividend yield?
Martin Marietta's forward dividend yield is 0.67%. Martin Marietta paid $197.0 million in dividends in fiscal 2025 ($3.26 per share), a payout ratio of 17.3%.
Does Martin Marietta buy back its shares?
Yes. Martin Marietta spent $450.0 million on net share repurchases in fiscal 2025 Shares outstanding changed −1.8% over the year, to 60.5M..
What is Martin Marietta's free cash flow yield?
Martin Marietta generated $978.0 million of free cash flow in fiscal 2025, a free cash flow yield of 2.6% on its market value at year-end ($37.7 billion).
What is Martin Marietta's current ratio?
Martin Marietta's current ratio was 3.57 at the end of fiscal 2025: current assets were 3.57 times current liabilities.