10-K · February 19, 2026
Martin Marietta positions itself as a pure‑play aggregates-led building materials company: in 2025 aggregates produced 88% of the Company’s total reportable segment gross profit and aggregates reserves averaged…
Earnings analysis · 10-Q
MLM earnings analysis
Filed April 30, 2026 · Our reading of the company's report
The latest report
Martin Marietta reported Q1 2026 revenues of $1.362 billion, reflecting a year-over-year increase of 17% compared to the $1.162 billion reported in Q1 2025. However, the diluted EPS was $1.31, falling short of the…
Read full summary
Martin Marietta reported Q1 2026 revenues of $1.362 billion, reflecting a year-over-year increase of 17% compared to the $1.162 billion reported in Q1 2025. However, the diluted EPS was $1.31, falling short of the expected $1.86. Management indicated strong demand in the market but acknowledged ongoing operational headwinds.
Gross and operating margin
How much of each revenue dollar the business keeps.
One point per quarterly or annual filing. Both margins are shares of that report's revenue.
How we read each report
Our analysis across the last few reports.
Our model's reading of each filing, not the share price or the market's reaction. Annual and quarterly reports each occupy one position.
Reported figures
- Earnings per share
- $1.31
- Segment
- Building Materials - East Group
- Segment
- Building Materials - West Group
- Segment
- Specialties
What stood out
-
Revenue Increased 17% YoY
Revenue for Q1 2026 was $1.362 billion, up from $1.162 billion in Q1 2025.
-
EPS Missed Consensus
Diluted EPS for Q1 2026 was reported at $1.31, missing estimates of $1.86.
-
Cash Flow from Operations Solid
Operating cash flow was $227 million compared to $218 million in Q1 2025.
-
Strong Segment Growth in Specialties
The Specialties segment revenue rose significantly to $143 million from $87 million year-over-year.
-
Cost Management Improvements
Costs related to Continuing Operations were adequately managed, supporting margins despite revenue shifts.
-
Successful Asset Exchange
The company completed an $450 million asset exchange with QUIKRETE, enhancing resources.
What to watch
-
Decline in Net Earnings
Net earnings from continuing operations slipped to $79 million in Q1 2026 from $104 million year-over-year.
-
Weather Impact on Operations
Ongoing weather challenges could affect production and shipment levels adversely.
-
Cost Volatility
Rising costs for materials and potential fluctuations in energy costs may squeeze margins.
Management's outlook
Management reaffirmed their full-year guidance, emphasizing strong demand to continue.
Earlier filings 4
10-K · February 21, 2025
Martin Marietta executed significant portfolio actions in 2024, selling its South Texas cement business for $2.1 billion (generating a $1.3 billion pretax gain) and completing the $2.05 billion BWI Southeast aggregates…
10-Q · October 30, 2024
Martin Marietta reported third-quarter revenue of $1,889 million, down from $1,994 million a year ago, and diluted EPS of $5.91 versus $6.94 in Q3 2023. Gross profit fell to $599 million and operating earnings to $489…
10-Q · July 27, 2023
Martin Marietta reported Q2 revenue of $1,820.8 million, up from $1,641.7 million a year ago (+$179.1M, +10.9%), with gross profit rising to $560.4 million (gross margin ~30.8% vs 25.9% LY). Earnings from operations…
This is our reading of a public filing, not the filing itself. Analysis can contain errors; check the source document for full context.