VMC · Vulcan Materials Co - Financials
Annual line items from SEC XBRL filings, sourced from EDGAR's Company Facts API with fallback to the quarterly Financial Statement Data Sets. See issuer overview for Form 4 activity and 10-K signals.
Income Statement
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Revenue | $7.94B | $7.42B | $7.78B | $7.32B | $5.55B | $4.86B |
| Cost of Revenue | $5.77B | $5.42B | $5.83B | $5.76B | $4.18B | $3.58B |
| Gross Profit | $2.17B | $2.00B | $1.95B | $1.56B | $1.37B | $1.28B |
| R&D | - | - | - | - | - | - |
| SG&A | $564.10M | $531.10M | $542.80M | $515.10M | $417.60M | $359.77M |
| Total Operating Expenses | - | - | - | - | - | - |
| D&A | $748.50M | $632.20M | $617.00M | $587.50M | $463.00M | $396.81M |
| Operating Income | $1.62B | $1.36B | $1.43B | $951.40M | $1.01B | $895.73M |
| Interest Expense | $239.70M | $191.20M | $196.10M | $169.20M | $149.30M | $135.96M |
| Income Tax | $307.50M | $251.40M | $299.40M | $193.00M | $200.10M | $155.80M |
| Net Income | $1.08B | $911.90M | $933.20M | $575.60M | $670.80M | $584.48M |
| EPS - Basic | $8.16 | $6.89 | $7.02 | $4.33 | $5.05 | $4.41 |
| EPS - Diluted | $8.11 | $6.85 | $6.98 | $4.31 | $5.02 | $4.39 |
Balance Sheet
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Cash & Equivalents | $183.30M | $559.70M | $931.10M | $161.40M | $235.00M | $1.20B |
| Accounts Receivable | - | - | - | $845.60M | $783.20M | $512.95M |
| Inventory | $680.50M | $681.80M | $615.60M | $579.30M | $521.30M | $448.58M |
| Accounts Payable | - | - | - | - | - | - |
| Current Assets | $2.57B | $2.27B | $2.52B | $1.90B | $1.70B | $2.28B |
| Total Assets | $16.70B | $17.10B | $14.55B | $14.23B | $13.68B | $11.69B |
| Current Liabilities | $956.10M | $1.24B | $797.60M | $956.60M | $769.30M | $1.05B |
| Long-term Debt | $4.36B | $4.91B | $3.88B | $3.88B | $3.87B | $2.77B |
| Total Liabilities | $8.15B | $8.96B | $7.04B | $7.28B | $7.11B | $5.66B |
| Stockholders' Equity | $8.53B | $8.12B | $7.48B | $6.93B | $6.54B | $6.03B |
| Retained Earnings | $5.59B | $5.21B | $4.62B | $4.11B | $3.75B | $3.27B |
Cash Flow
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Operating Cash Flow | $1.81B | $1.41B | $1.54B | $1.15B | $1.01B | $1.07B |
| Investing Cash Flow | ($529.20M) | ($2.81B) | ($163.50M) | ($1.05B) | ($1.87B) | ($381.51M) |
| Financing Cash Flow | ($1.70B) | $1.06B | ($585.60M) | ($175.20M) | ($94.30M) | $234.66M |
| CapEx | $677.70M | $603.50M | $872.60M | $612.60M | $451.30M | $362.19M |
| Free Cash Flow | $1.14B | $806.10M | $664.20M | $535.60M | $560.60M | $708.16M |
Ratios
| Metric | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Profitability | ||||||
| Gross margin | 27.4% | 27.0% | 25.0% | 21.3% | 24.7% | 26.4% |
| Operating margin | 20.4% | 18.4% | 18.3% | 13.0% | 18.2% | 18.4% |
| EBITDA margin | 29.8% | 26.9% | 26.3% | 21.0% | 26.5% | 26.6% |
| Net margin | 13.6% | 12.3% | 12.0% | 7.9% | 12.1% | 12.0% |
| Free cash flow margin | 14.3% | 10.9% | 8.5% | 7.3% | 10.1% | 14.6% |
| FCF / Net income | 1.05 | 0.88 | 0.71 | 0.93 | 0.84 | 1.21 |
| R&D / Revenue | - | - | - | - | - | - |
| SG&A / Revenue | 7.1% | 7.2% | 7.0% | 7.0% | 7.5% | 7.4% |
| Effective tax rate | 22.2% | 21.6% | 24.3% | 25.1% | 23.0% | 21.0% |
| Return on assets | 6.4% | 5.3% | 6.4% | 4.0% | 4.9% | 5.0% |
| Return on equity | 12.6% | 11.2% | 12.5% | 8.3% | 10.2% | 9.7% |
| Return on invested capital | 9.8% | 8.2% | 9.5% | 6.6% | 7.5% | 8.0% |
| Liquidity | ||||||
| Current ratio | 2.69 | 1.83 | 3.17 | 1.99 | 2.21 | 2.17 |
| Quick ratio | 1.97 | 1.28 | 2.39 | 1.38 | 1.53 | 1.75 |
| Cash ratio | 0.19 | 0.45 | 1.17 | 0.17 | 0.31 | 1.14 |
| Leverage | ||||||
| Debt / Equity | 0.51 | 0.60 | 0.52 | 0.56 | 0.59 | 0.46 |
| Debt / Assets | 0.26 | 0.29 | 0.27 | 0.27 | 0.28 | 0.24 |
| Debt / EBITDA | 1.84 | 2.46 | 1.90 | 2.52 | 2.63 | 2.14 |
| Interest coverage | 6.8x | 7.1x | 7.3x | 5.6x | 6.8x | 6.6x |
| Equity multiplier | 1.96 | 2.11 | 1.94 | 2.05 | 2.09 | 1.94 |
| Liabilities / Assets | 0.49 | 0.52 | 0.48 | 0.51 | 0.52 | 0.48 |
| Efficiency | ||||||
| Asset turnover | 0.48 | 0.43 | 0.53 | 0.51 | 0.41 | 0.42 |
| Inventory turnover | 8.47 | 7.95 | 9.48 | 9.94 | 8.02 | 7.97 |
| Days sales outstanding | - | - | - | 42d | 51d | 39d |
| Days inventory outstanding | 43d | 46d | 39d | 37d | 46d | 46d |
| Days payable outstanding | - | - | - | - | - | - |
| Cash conversion cycle | - | - | - | - | - | - |
| Valuation | ||||||
| P / E | 35.2x | 37.6x | 32.5x | 40.6x | 41.4x | 33.8x |
| P / B | 4.4x | 4.2x | 4.1x | 3.4x | 4.2x | 3.3x |
| P / S | 4.8x | 4.6x | 3.9x | 3.2x | 5.0x | 4.1x |
| EV / EBITDA | 17.7x | 19.3x | 16.3x | 17.6x | 21.3x | 16.5x |
| Growth | ||||||
| Revenue growth (YoY) | 7.1% | -4.7% | 6.4% | 31.8% | 14.3% | -1.5% |
| Revenue CAGR (3y) | 2.8% | 10.1% | 17.0% | 14.1% | 15.6% | 7.7% |
| Revenue CAGR (5y) | 10.3% | 8.5% | 16.7% | 13.5% | 9.1% | 7.3% |
| Gross profit growth (YoY) | 8.8% | 2.6% | 25.1% | 13.4% | 7.2% | 2.0% |
| Operating income growth (YoY) | 18.7% | -4.4% | 50.0% | -5.9% | 12.8% | 2.1% |
| Net income growth (YoY) | 18.1% | -2.3% | 62.1% | -14.2% | 14.8% | -5.4% |
| EPS growth (YoY) | 18.4% | -1.9% | 61.9% | -14.1% | 14.4% | -5.2% |
| EPS CAGR (3y) | 23.5% | 10.9% | 16.7% | -2.4% | 9.2% | -0.5% |
| EPS CAGR (5y) | 13.1% | 8.1% | 12.6% | -0.7% | 10.2% | 21.8% |
| FCF growth (YoY) | 40.8% | 21.4% | 24.0% | -4.5% | -20.8% | 18.0% |
| FCF CAGR (5y) | 9.9% | 6.1% | 12.8% | 23.7% | 13.7% | 27.0% |
| Book value growth (YoY) | 5.0% | 8.5% | 8.0% | 5.9% | 8.6% | 7.2% |
Sales by segment
From XBRL dimensional facts in the 10-K period ending 2025-12-31.
Business segments
$8.44B totalAggregates$6.30B · 74.6%
Asphalt$1.29B · 15.3%
Concrete$846.60M · 10.0%
Product / service
$6.24B totalRevenue Excluding Freight Delivery$6.93B · 111.1%
Service$313.70M · 5.0%
Cargo And Freight($1.01B) · -16.2%
Geographic
$14.24B totalUS$7.93B · 55.7%
Gulf Coast$3.38B · 23.7%
East$1.92B · 13.5%
West$1.00B · 7.0%
Non Us$14.90M · 0.1%
Stability scores
Altman Z′
FY 2025 · bankruptcy risk
1.57
Grey zone
Private-firm variant - uses book equity instead of market cap. > 2.90 safe · 1.23-2.90 grey · < 1.23 distress.
Piotroski F-score
FY 2025 · 9-point quality
9/9
Strong
- ✓Net income positive
- ✓Operating cash flow positive
- ✓ROA improved YoY
- ✓Cash flow > net income
- ✓Long-term debt decreased
- ✓Current ratio improved
- ✓No share dilution
- ✓Gross margin improved
- ✓Asset turnover improved
Peer comparison
Same SIC group: Mining & Quarrying of Nonmetallic Minerals (No Fuels)
Comparing Vulcan Materials CO against the 5 most active filers in the same SIC group.
Dividends
$2.02/share trailing 12 months · +6.3% YoY
| Ex-date | Per share |
|---|---|
| May 22, 2026 | $0.5200 |
| Mar 9, 2026 | $0.5200 |
| Nov 10, 2025 | $0.4900 |
| Aug 14, 2025 | $0.4900 |
| May 23, 2025 | $0.4900 |
| Mar 10, 2025 | $0.4900 |
| Nov 4, 2024 | $0.4600 |
| Aug 15, 2024 | $0.4600 |
| May 23, 2024 | $0.4600 |
| Mar 1, 2024 | $0.4600 |
| Nov 10, 2023 | $0.4300 |
| Aug 16, 2023 | $0.4300 |
| May 25, 2023 | $0.4300 |
| Mar 3, 2023 | $0.4300 |
| Nov 14, 2022 | $0.4000 |
| Aug 16, 2022 | $0.4000 |
| May 26, 2022 | $0.4000 |
| Feb 28, 2022 | $0.4000 |
| Nov 15, 2021 | $0.3700 |
| Aug 17, 2021 | $0.3700 |
| May 27, 2021 | $0.3700 |
| Feb 26, 2021 | $0.3700 |
| Nov 16, 2020 | $0.3400 |
| Aug 18, 2020 | $0.3400 |