Vulcan Materials Co (VMC)

Vulcan Materials Company produces and supplies construction aggregates in the United States. It operates through three segments: Aggregates, Asphalt, and Concrete. The company provides crushed stone, sand and gravel, sand, and other aggregates for use in construction and maintenance of highways, streets, and other public works, as well as in the construction of housing and commercial, industrial, and other nonresidential facilities; aggregates that are used as ballast for construction and maintenance of railroad tracks; riprap and jetty stones for use in erosion control along roads and waterways; asphalt mix; asphalt construction paving services; and ready-mixed concrete products. The company was formerly known as Virginia Holdco, Inc. and changed its name to Vulcan Materials Company. Vulcan Materials Company was founded in 1909 and is headquartered in Birmingham, Alabama.

Symbol: VMC
Exchange: NYSE
Sector: Basic Materials
Industry: Building Materials
Market cap: $31.67B
52 week range: 237.03 - 331.09

Valuation

Share price: $243.06 (close of 2026-10-02)
P/E (TTM): 28.73x
Price to book: 3.74x
Price to free cash flow: 28.37x
Enterprise value: $36.62B
Book value per share: $65.05

Price performance

Period	Change
1 day	-0.38%
5 days	-0.79%
1 month	-7.91%
3 months	-19.83%
6 months	-13.16%
Year to date	-14.78%
1 year	-19.88%
3 years	+20.97%
5 years	+40.55%
10 years	+113.72%
All time	+21409.73%

Members of Congress who disclosed VMC trades

Val Hoyle

Super investors holding VMC

Chris Hohn (TCI Fund Management Ltd) · John Armitage (Egerton Capital (UK) LLP) · Lee Ainslie (Maverick Capital LTD) · Wallace Weitz (Weitz Investment Management) · Ken Griffin (Citadel) · Ray Dalio (Bridgewater Associates) · Dodge & Cox (Dodge & Cox Funds) · Thomas Russo (Gardner Russo & Quinn LLC)

Profitability and growth

Return on equity: 12.59%
Return on invested capital: 9.90%
Return on assets: 6.45%
Return on capital employed: 10.29%
Gross margin: 27.38%
Net margin: 13.56%
EBITDA margin: 29.82%
Revenue growth: 7.06%
Net income growth: 18.07%
Free cash flow growth: 40.84%

Cash flow and balance sheet

Free cash flow yield (TTM): 3.53%
Current ratio: 2.59x
Net debt to EBITDA: 2.07x

Latest reported year

Period end: 2025-12-31
Fiscal year: 2025
Revenue: $7.94B
Cost of revenue: $5.77B
Gross profit: $2.17B
EBITDA: $2.37B
Net income: $1.08B
Earnings per share: $8.16
Shares outstanding: 132.00M

Income statement by year

Period end	Revenue	Gross profit	Net income	EPS
2025-12-31	$7.94B	$2.17B	$1.08B	$8.16
2024-12-31	$7.42B	$2.00B	$911.90M	$6.89
2023-12-31	$7.78B	$1.95B	$933.20M	$7.02
2022-12-31	$7.32B	$1.56B	$575.60M	$4.33
2021-12-31	$5.55B	$1.37B	$670.80M	$5.05
2020-12-31	$4.86B	$1.28B	$584.50M	$4.41
2019-12-31	$4.93B	$1.26B	$617.70M	$4.67
2018-12-31	$4.38B	$1.10B	$515.80M	$3.90
2017-12-31	$3.89B	$993.51M	$601.18M	$4.54
2016-12-31	$3.59B	$988.88M	$419.49M	$3.15

Margins and returns by year

Period end	Gross margin	Net margin	Return on equity	Return on capital
2025-12-31	27.38%	13.56%	12.59%	9.90%
2024-12-31	26.96%	12.29%	11.20%	8.30%
2023-12-31	25.04%	11.99%	12.43%	10.29%
2022-12-31	21.29%	7.87%	8.28%	6.70%
2021-12-31	24.74%	12.08%	10.21%	7.37%
2020-12-31	26.39%	12.03%	9.70%	8.64%
2019-12-31	25.48%	12.53%	10.99%	8.68%
2018-12-31	25.12%	11.77%	9.91%	8.09%
2017-12-31	25.54%	15.45%	12.10%	8.32%
2016-12-31	27.53%	11.68%	9.17%	8.59%

Cash and debt by year

Period end	Cash	Debt
2025-12-31	$183.30M	$4.36B
2024-12-31	$559.70M	$4.91B
2023-12-31	$931.10M	$3.88B
2022-12-31	$161.40M	$3.88B
2021-12-31	$235.00M	$3.87B
2020-12-31	$1.20B	$2.77B
2019-12-31	$271.59M	$2.78B
2018-12-31	$40.04M	$2.78B
2017-12-31	$141.65M	$2.81B
2016-12-31	$258.99M	$1.98B

Free cash flow by year

Period end	Free cash flow	Stock-based compensation
2025-12-31	$1.14B	$63.10M
2024-12-31	$806.10M	$53.40M
2023-12-31	$664.20M	$63.20M
2022-12-31	$535.60M	$41.10M
2021-12-31	$560.60M	$34.70M
2020-12-31	$708.20M	$33.00M
2019-12-31	$600.00M	$31.80M
2018-12-31	$363.69M	$25.21M
2017-12-31	$185.11M	$26.64M
2016-12-31	$294.44M	$20.67M

Dividend history

Most recent payment: 2026-08-13
Paid in the last twelve months: $2.05

Payment date	Dividend per share
2026-08-13	$0.52
2026-05-22	$0.52
2026-03-09	$0.52
2025-11-10	$0.49
2025-08-14	$0.49
2025-05-23	$0.49
2025-03-10	$0.49
2024-11-04	$0.46

Investor relations

Next earnings report

Next confirmed report: 2026-10-29
Consensus EPS estimate: $3.00

Past earnings dates

Reported	Fiscal period	EPS estimate
2026-07-29	Jun/2026	$2.50
2026-04-29	Mar/2026	$1.12
2026-02-17	Dec/2025	$2.13
2025-10-30	Sep/2025	$2.68
2025-07-31	Jun/2025	$2.55
2025-04-30	Mar/2025	$0.79
2025-02-18	Dec/2024	$1.76
2024-10-30	Sep/2024	$2.34

Filings and sources

Company website: vulcanmaterials.com
SEC filings: 10-K, 10-Q and 8-K on EDGAR
Earnings calendar: All upcoming reports

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