Vulcan Materials Company (VMC) Key Metrics
VMC valuation today
Trailing 12 months · as of October 18, 2026- Market cap
- $33.38B
- Enterprise value
- $36.36B
- P/E (TTM)
- 30.4 10-yr median 34.3
- Forward P/E
- 22.4
- PEG ratio
- 1.65
- Price / sales
- 4.1 10-yr median 4.3
- Price / book
- 3.7 10-yr median 3.6
- EV / EBITDA
- 15.4 10-yr median 17.8
- Dividend yield
- 0.81% $2.08 a year
- Beta
- 1.05
VMC key metrics, 2016–2025
Fiscal year ended December 31, 2025 · U.S. dollarsVMC valuation Price multiples at each fiscal year-end price.
VMC returns How much profit the business earns on the capital it uses.
VMC per-share figures Results divided by the shares outstanding at year-end.
VMC financial health Debt, liquidity and how easily interest is covered.
VMC efficiency & capital use Working capital cycle and where the cash goes.
VMC valuation history
VMC returns on capital
Net income (ROE, ROA) or after-tax operating income (ROIC) divided by the average of the opening and closing balance.
VMC debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease liabilities.
VMC cash returned to shareholders
VMC price vs earnings per share
VMC key metrics
2016–2025| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Valuation | ||||||||||
| Market capitalization | $37.63B | $34.24B | $30.35B | $23.39B | $27.71B | $19.76B | $19.21B | $13.23B | $17.31B | $16.99B |
| Enterprise value | $42.86B | $39.51B | $33.81B | $27.76B | $32.00B | $22.25B | $22.11B | $16.10B | $20.38B | $18.72B |
| P/E ratio | 34.8 | 37.5 | 32.5 | 40.6 | 41.3 | 33.8 | 31.1 | 25.7 | 28.8 | 40.5 |
| Price / sales | 4.7 | 4.6 | 3.9 | 3.2 | 5.0 | 4.1 | 3.9 | 3.0 | 4.5 | 4.7 |
| Price / book | 4.4 | 4.2 | 4.1 | 3.4 | 4.2 | 3.3 | 3.4 | 2.5 | 3.5 | 3.7 |
| Price / free cash flow | 33.1 | 42.5 | 45.7 | 43.7 | 49.4 | 27.9 | 32.0 | 36.4 | 93.5 | 57.7 |
| Price / operating cash flow | 20.8 | 24.3 | 19.7 | 20.4 | 27.4 | 18.5 | 19.5 | 15.9 | 26.9 | 26.4 |
| EV / sales | 5.4 | 5.3 | 4.3 | 3.8 | 5.8 | 4.6 | 4.5 | 3.7 | 5.2 | 5.2 |
| EV / EBITDA | 16.6 | 19.8 | 16.4 | 18.1 | 22.2 | 17.4 | 17.5 | 14.5 | 21.2 | 19.4 |
| EV / free cash flow | 37.7 | 49.0 | 50.9 | 51.8 | 57.1 | 31.4 | 36.8 | 44.3 | 110.1 | 63.6 |
| Earnings yield | 2.9% | 2.7% | 3.1% | 2.5% | 2.4% | 3.0% | 3.2% | 3.9% | 3.5% | 2.5% |
| Free cash flow yield | 3.0% | 2.4% | 2.2% | 2.3% | 2.0% | 3.6% | 3.1% | 2.7% | 1.1% | 1.7% |
| Dividend yield | 0.7% | 0.7% | 0.8% | 0.9% | 0.7% | 0.9% | 0.9% | 1.1% | 0.8% | 0.6% |
| Shareholder yield (dividends + buybacks) | 1.9% | 0.9% | 1.4% | 1.1% | 0.8% | 1.0% | 0.9% | 2.1% | 1.1% | 1.6% |
| Share price at fiscal year-end | $285.22 | $257.23 | $227.01 | $175.11 | $207.58 | $148.31 | $143.99 | $98.80 | $128.37 | $125.15 |
| Per share | ||||||||||
| Revenue per share | $60.13 | $55.73 | $58.20 | $54.75 | $41.59 | $36.45 | $36.95 | $32.73 | $28.84 | $26.46 |
| Earnings per share | $8.19 | $6.85 | $6.98 | $4.31 | $5.02 | $4.39 | $4.63 | $3.85 | $4.46 | $3.09 |
| Operating cash flow per share | $13.74 | $10.59 | $11.49 | $8.59 | $7.58 | $8.03 | $7.38 | $6.22 | $4.78 | $4.75 |
| Free cash flow per share | $8.60 | $6.06 | $4.97 | $4.01 | $4.20 | $5.31 | $4.50 | $2.72 | $1.37 | $2.17 |
| Cash per share | $1.39 | $4.21 | $6.96 | $1.21 | $1.76 | $8.98 | $2.04 | $0.30 | $1.05 | $1.91 |
| Book value per share | $64.61 | $61.00 | $55.97 | $51.86 | $49.03 | $45.23 | $42.15 | $38.85 | $36.84 | $33.67 |
| Tangible book value per share | $24.67 | $19.65 | $18.63 | $11.50 | $8.23 | $13.00 | $10.22 | $7.03 | $5.80 | $5.22 |
| Dividends per share | $1.97 | $1.84 | $1.71 | $1.59 | $1.47 | $1.35 | $1.23 | $1.11 | $0.98 | $0.78 |
| Capex per share | $5.14 | $4.53 | $6.53 | $4.59 | $3.38 | $2.72 | $2.88 | $3.50 | $3.41 | $2.58 |
| Debt per share | $40.98 | $43.79 | $32.80 | $33.86 | $33.88 | $27.67 | $23.78 | $21.75 | $23.76 | $14.60 |
| Shares outstanding | 131.9M | 133.1M | 133.7M | 133.6M | 133.5M | 133.2M | 133.4M | 133.9M | 134.9M | 135.8M |
| Change in shares outstanding | −0.9% | −0.4% | +0.1% | +0.1% | +0.2% | −0.1% | −0.4% | −0.7% | −0.7% | +0.5% |
| Returns & profitability | ||||||||||
| Return on equity (ROE) | 13.0% | 11.7% | 13.0% | 8.5% | 10.7% | 10.0% | 11.4% | 10.1% | 12.6% | 9.3% |
| Return on invested capital (ROIC) | 9.3% | 8.8% | 9.8% | 6.5% | 8.1% | 8.3% | 8.7% | 7.7% | 8.9% | 8.3% |
| Return on assets (ROA) | 6.4% | 5.8% | 6.5% | 4.1% | 5.3% | 5.2% | 6.0% | 5.3% | 6.7% | 5.0% |
| Return on tangible assets | 9.5% | 7.9% | 9.8% | 6.5% | 8.1% | 7.9% | 9.7% | 9.3% | 11.3% | 9.1% |
| Free cash flow margin | 14.3% | 10.9% | 8.5% | 7.3% | 10.1% | 14.6% | 12.2% | 8.3% | 4.8% | 8.2% |
| Income quality (OCF / net income) | 1.68 | 1.55 | 1.65 | 1.99 | 1.51 | 1.83 | 1.59 | 1.61 | 1.07 | 1.54 |
| Financial health | ||||||||||
| Total debt | $5.41B | $5.83B | $4.39B | $4.52B | $4.52B | $3.69B | $3.17B | $2.91B | $3.20B | $1.98B |
| Cash & short-term investments | $183.3M | $559.7M | $931.1M | $161.4M | $235.0M | $1.20B | $271.6M | $40.0M | $141.6M | $259.0M |
| Net debt | $5.22B | $5.27B | $3.45B | $4.36B | $4.29B | $2.49B | $2.90B | $2.87B | $3.06B | $1.72B |
| Debt / equity | 0.63 | 0.72 | 0.59 | 0.65 | 0.69 | 0.61 | 0.56 | 0.56 | 0.64 | 0.43 |
| Debt / assets | 0.32 | 0.34 | 0.30 | 0.32 | 0.33 | 0.32 | 0.30 | 0.30 | 0.34 | 0.23 |
| Net debt / EBITDA | 2.03 | 2.64 | 1.68 | 2.85 | 2.97 | 1.95 | 2.30 | 2.59 | 3.18 | 1.78 |
| Current ratio | 2.69 | 1.83 | 3.17 | 1.99 | 2.20 | 2.17 | 2.58 | 1.79 | 1.49 | 3.01 |
| Quick ratio | 1.97 | 1.28 | 2.39 | 1.38 | 1.52 | 1.74 | 1.72 | 1.08 | 1.00 | 2.08 |
| Interest coverage | 3.4 | 7.1 | 7.3 | 5.6 | 6.8 | 6.6 | 6.7 | 5.4 | 2.2 | 5.0 |
| Working capital | $1.61B | $1.03B | $1.73B | $945.4M | $921.8M | $1.23B | $843.8M | $476.6M | $387.2M | $747.6M |
| Invested capital | $13.75B | $13.39B | $10.94B | $11.29B | $10.83B | $8.52B | $8.52B | $8.08B | $8.03B | $6.30B |
| Tangible asset value | $3.28B | $2.64B | $2.52B | $1.56B | $1.12B | $1.73B | $1.36B | $942.1M | $782.9M | $691.3M |
| Net current asset value | −$5.58B | −$6.70B | −$4.51B | −$5.38B | −$5.42B | −$3.38B | −$3.65B | −$3.55B | −$3.36B | −$2.78B |
| Graham number | $109.14 | $96.97 | $93.76 | $70.90 | $74.45 | $66.82 | $66.27 | $58.02 | $60.78 | $48.38 |
| Graham net-net per share | −$52.77 | −$55.54 | −$38.38 | −$45.26 | −$44.87 | −$28.68 | −$30.73 | −$29.64 | −$27.88 | −$22.82 |
| Capital allocation | ||||||||||
| Dividends paid | $259.8M | $244.4M | $228.4M | $212.6M | $196.4M | $180.2M | $164.0M | $148.1M | $132.3M | $106.3M |
| Share buybacks (net) | $438.4M | $68.8M | $200.0M | $49.9M | $19.1M | $26.1M | $2.6M | $134.0M | $60.3M | $161.5M |
| Dividend payout ratio | 24.0% | 26.8% | 24.5% | 36.9% | 29.3% | 30.8% | 26.5% | 28.7% | 22.0% | 25.3% |
| Dividends + buybacks / free cash flow | 61.5% | 38.9% | 64.5% | 49.0% | 38.4% | 29.1% | 27.8% | 77.6% | 104.1% | 91.0% |
| Capex / revenue | 8.5% | 8.1% | 11.2% | 8.4% | 8.1% | 7.5% | 7.8% | 10.7% | 11.8% | 9.7% |
| Capex / operating cash flow | 37.4% | 42.8% | 56.8% | 53.4% | 44.6% | 33.8% | 39.0% | 56.3% | 71.3% | 54.3% |
| Capex / depreciation | 0.91 | 0.95 | 1.41 | 1.04 | 1.32 | 0.92 | 1.09 | 1.35 | 1.50 | 1.23 |
| Stock-based compensation / revenue | 0.8% | 0.7% | 0.8% | 0.6% | 0.6% | 0.7% | 0.6% | 0.6% | 0.7% | 0.6% |
| SG&A / revenue | 7.1% | 7.2% | 6.8% | 7.0% | 7.5% | 7.4% | 7.5% | 7.6% | 8.3% | 8.8% |
| Efficiency | ||||||||||
| Days sales outstanding | 41.0 | 43.8 | 45.4 | 47.0 | 45.9 | 42.3 | 41.1 | 47.0 | 50.7 | 46.2 |
| Days of inventory on hand | 43.1 | 43.7 | 37.4 | 34.9 | 42.4 | 46.3 | 44.1 | 45.2 | 46.0 | 48.6 |
| Days payables outstanding | 26.8 | 26.9 | 26.4 | 26.0 | 27.9 | 27.5 | 23.9 | 23.0 | 21.6 | 22.5 |
| Cash conversion cycle (days) | 57.3 | 60.7 | 56.3 | 55.9 | 60.3 | 61.1 | 61.3 | 69.3 | 75.1 | 72.3 |
| Receivables turnover | 8.91 | 8.33 | 8.04 | 7.77 | 7.96 | 8.62 | 8.87 | 7.76 | 7.20 | 7.90 |
| Payables turnover | 13.64 | 13.59 | 13.81 | 14.04 | 13.09 | 13.28 | 15.25 | 15.86 | 16.92 | 16.23 |
| Inventory turnover | 8.47 | 8.35 | 9.76 | 10.46 | 8.62 | 7.88 | 8.28 | 8.07 | 7.94 | 7.52 |
| Asset turnover | 0.47 | 0.47 | 0.54 | 0.52 | 0.44 | 0.43 | 0.48 | 0.45 | 0.43 | 0.43 |
| Average receivables | $890.0M | $891.0M | $967.5M | $942.0M | $697.5M | $563.2M | $555.4M | $564.6M | $540.1M | $454.9M |
| Average payables | $422.8M | $398.7M | $422.4M | $410.0M | $319.3M | $269.1M | $240.8M | $206.9M | $171.2M | $160.4M |
| Average inventory | $681.1M | $648.7M | $597.5M | $550.3M | $484.9M | $453.4M | $443.8M | $406.8M | $365.0M | $346.3M |
| Intangibles / total assets | 31.6% | 32.2% | 34.3% | 37.9% | 39.8% | 36.8% | 40.0% | 43.3% | 44.0% | 45.7% |
Computed from VMC'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.
VMC valuation and financial ratios
At the end of fiscal 2025 (December 31, 2025), Vulcan Materials traded at 34.8 times earnings, against a 10-year median of 34.3. Based on the latest twelve months, the trailing P/E is 30.4 and the forward P/E is 22.4. Vulcan Materials earned a return on equity of 13.0% and a return on invested capital of 9.3% in fiscal 2025. It ended the year with $5.4 billion of debt and $183.3 million in cash and short-term investments, net debt of $5.2 billion. It returned $698.2 million to shareholders: $259.8 million in dividends and $438.4 million in share buybacks, 61% of free cash flow.
See the VMC income statement, the VMC chart for price history, or the VMC stock overview for the latest quote and news.
VMC key metrics FAQ
What is Vulcan Materials's P/E ratio?
Vulcan Materials's trailing P/E ratio is 30.4 based on the last twelve months of earnings (as of October 18, 2026), and its forward P/E is 22.4. At the end of fiscal 2025 it was 34.8, compared with a 10-year median of 34.3.
What is Vulcan Materials's EV/EBITDA?
Vulcan Materials's enterprise value was 16.6 times EBITDA at the end of fiscal 2025 (enterprise value $42.9 billion, EBITDA $2.6 billion); the current EV/EBITDA is 15.4.
What is Vulcan Materials's return on equity?
Vulcan Materials's return on equity (ROE) was 13.0% in fiscal 2025: net income of $1.1 billion on average shareholders' equity of $8.3 billion.
What is Vulcan Materials's ROIC?
Vulcan Materials's return on invested capital was 9.3% in fiscal 2025, using after-tax operating income divided by average debt plus equity minus cash.
How much debt does Vulcan Materials have?
Vulcan Materials had total debt of $5.4 billion at the end of fiscal 2025, a debt-to-equity ratio of 0.63 and $5.2 billion of net debt (2.03 times EBITDA).
What is Vulcan Materials's dividend yield?
Vulcan Materials's forward dividend yield is 0.81%. Vulcan Materials paid $259.8 million in dividends in fiscal 2025 ($1.97 per share), a payout ratio of 24.0%.
Does Vulcan Materials buy back its shares?
Yes. Vulcan Materials spent $438.4 million on net share repurchases in fiscal 2025 Shares outstanding changed −0.9% over the year, to 131.9M..
What is Vulcan Materials's free cash flow yield?
Vulcan Materials generated $1.1 billion of free cash flow in fiscal 2025, a free cash flow yield of 3.0% on its market value at year-end ($37.6 billion).
What is Vulcan Materials's current ratio?
Vulcan Materials's current ratio was 2.69 at the end of fiscal 2025: current assets were 2.69 times current liabilities.