VMC

MKT CAP:$38B

Vulcan Materials Company

Market Cap

$38B

Basic Materials·Construction Materials·🇺🇸 United States·NYSE

Materials·Construction·🇺🇸·NYSE

Stock Price

$292.81+$0.16 (+0.05%)

Apr 24, 2026

Company Details

Vulcan Materials Company, together with its subsidiaries, produces and supplies construction aggregates primarily in the United States. It operates through four segments: Aggregates, Asphalt, Concrete, and Calcium. The Aggregates segment pr...

CEO

Ronnie A. Pruitt

IPO Date

Jan 2, 1957

Website

www.vulcanmaterials.com

Key Metrics TTM

Revenue

$7.5B

+1.4% YoY

Net Income

$996M

EPS (Diluted)

$7.50

Free Cash Flow

$958M

Revenue / Share

$56.87

Gross Margin

26.8%

Operating Margin

19.3%

Net Margin

13.3%

FCF Margin

12.8%

P/S

5.1x

P/E

38.3x

Earnings Reports

Q1 2026

Apr 29, 2026

PENDING

FY 2025

Feb 19, 2026

$7.9B+6.9%EPS $8.12

Q4 2025

Feb 19, 2026

$1.9B+3.2%EPS $1.91

Q2 2025

Jul 31, 2025

$2.1B+4.4%EPS $2.41

Q1 2025

Apr 30, 2025

$1.6B+5.8%EPS $0.97

Revenue & Profitability

Quarter	Revenue	Gross Profit	Operating Income
Q4 21	$1.6B	$352M	$211M
Q1 22	$1.5B	$269M	$147M
Q2 22	$2.0B	$446M	$308M
Q3 22	$2.1B	$493M	$305M
Q4 22	$1.7B	$350M	$192M
Q1 23	$1.6B	$302M	$187M
Q2 23	$2.1B	$583M	$451M
Q3 23	$2.2B	$591M	$419M
Q4 23	$1.8B	$472M	$370M
Q1 24	$1.5B	$305M	$173M
Q2 24	$2.0B	$592M	$454M
Q3 24	$2.0B	$565M	$337M
Q4 24	$1.9B	$537M	$401M
Q1 25	$1.6B	$365M	$226M
Q2 25	$2.1B	$625M	$471M
Q4 25	$1.9B	$487M	$351M

Valuation

Quarter	P/S	P/E
Q4 21	5.0x	41.2x
Q1 22	4.1x	41.4x
Q2 22	2.9x	32.7x
Q3 22	3.0x	35.9x
Q4 22	3.2x	41.2x
Q1 23	3.1x	38.1x
Q2 23	3.9x	40.9x
Q3 23	3.5x	32.3x
Q4 23	3.8x	31.8x
Q1 24	4.7x	39.0x
Q2 24	4.3x	35.2x
Q3 24	4.5x	39.2x
Q4 24	4.6x	37.5x
Q1 25	4.1x	32.9x
Q2 25	4.5x	36.3x
Q4 25	5.1x	38.8x

Operating Cash Flow

Quarter	Operating CF	Free CF
Q4 21	$287M	$154M
Q1 22	$176M	$15M
Q2 22	$150M	$20M
Q3 22	$423M	$263M
Q4 22	$400M	$238M
Q1 23	$221M	$28M
Q2 23	$286M	$125M
Q3 23	$548M	$236M
Q4 23	$482M	$275M
Q1 24	$173M	$21M
Q2 24	$201M	$10M
Q3 24	$595M	$498M
Q4 24	$440M	$278M
Q1 25	$252M	$84M
Q2 25	$342M	$239M
Q4 25	$543M	$358M

Capital Expenditures

Quarter	CapEx
Q4 21	$133M
Q1 22	$160M
Q2 22	$130M
Q3 22	$160M
Q4 22	$162M
Q1 23	$194M
Q2 23	$161M
Q3 23	$312M
Q4 23	$206M
Q1 24	$153M
Q2 24	$191M
Q3 24	$97M
Q4 24	$163M
Q1 25	$168M
Q2 25	$103M
Q4 25	$185M

CapEx

OpEx vs Revenue Growth (YoY)

Quarter	Revenue Growth	OpEx Growth
Q4 21	+36.7%	+42.5%
Q1 22	+44.2%	+70.2%
Q2 22	+43.6%	+53.4%
Q3 22	+37.7%	+42.2%
Q4 22	+7.8%	+10.4%
Q1 23	+7.0%	+4.9%
Q2 23	+8.1%	+0.9%
Q3 23	+4.7%	-0.9%
Q4 23	+5.9%	-4.9%
Q1 24	-6.3%	-6.1%
Q2 24	-4.7%	-6.1%
Q3 24	-8.3%	-5.7%
Q4 24	+1.1%	-0.8%
Q1 25	+5.8%	+2.6%
Q2 25	+4.4%	+4.5%
Q4 25	-4.5%	-6.3%

Stock-Based Compensation

Quarter	SBC ($)	% of Revenue
Q4 21	$10M	0.6%
Q1 22	$8M	0.5%
Q2 22	$11M	0.5%
Q3 22	$10M	0.5%
Q4 22	$13M	0.8%
Q1 23	$8M	0.5%
Q2 23	$16M	0.8%
Q3 23	$19M	0.9%
Q4 23	$20M	1.1%
Q1 24	$9M	0.6%
Q2 24	$15M	0.8%
Q3 24	$15M	0.8%
Q4 24	$14M	0.7%
Q1 25	$14M	0.9%
Q2 25	$19M	0.9%
Q4 25	$0	0.0%

OpEx Breakdown

Quarter	SG&A
Q4 21	$125M
Q1 22	$119M
Q2 22	$134M
Q3 22	$135M
Q4 22	$126M
Q1 23	$117M
Q2 23	$139M
Q3 23	$144M
Q4 23	$142M
Q1 24	$130M
Q2 24	$134M
Q3 24	$129M
Q4 24	$138M
Q1 25	$138M
Q2 25	$145M
Q4 25	$136M

Revenue Segments

Quarter	Aggregates	Asphalt	Calcium	Concrete
Q1 23	$1.2B	$170M	$2M	$285M

Revenue by Geography

Quarter

War Chest

Quarter	Cash	Short-term Investments	Total
Q1 22	$123M	$0	$123M
Q2 22	$121M	$0	$121M
Q3 22	$122M	$0	$122M
Q4 22	$161M	$0	$161M
Q1 23	$140M	$0	$140M
Q2 23	$166M	$0	$166M
Q3 23	$340M	$0	$340M
Q4 23	$931M	$0	$931M
Q1 24	$292M	$0	$292M
Q2 24	$111M	$0	$111M
Q3 24	$433M	$0	$433M
Q4 24	$560M	$0	$560M
Q1 25	$181M	$0	$181M
Q2 25	$347M	$0	$347M
Q3 25	$191M	$0	$191M
Q4 25	$183M	$0	$183M

Shares Outstanding

Quarter	Shares (Diluted)	QoQ Change	YoY Change
Q4 21	134M	+0.1%	+0.2%
Q1 22	134M	0.0%	+0.1%
Q2 22	134M	-0.1%	0.0%
Q3 22	134M	+0.1%	+0.1%
Q4 22	134M	+0.1%	+0.1%
Q1 23	134M	0.0%	+0.1%
Q2 23	134M	+0.1%	+0.2%
Q3 23	134M	-0.1%	+0.1%
Q4 23	134M	-0.1%	-0.1%
Q1 24	133M	-0.3%	-0.4%
Q2 24	133M	0.0%	-0.5%
Q3 24	133M	-0.1%	-0.5%
Q4 24	133M	+0.1%	-0.3%
Q1 25	133M	-0.1%	-0.1%
Q2 25	133M	-0.1%	-0.2%
Q4 25	132M	-0.7%	-0.8%

Shares Outstanding

Revenue Per Employee

Period	Revenue/Employee	Employees
Q4 21	$140.4K	11K
Q1 22	$134.7K	11K
Q2 22	$170.9K	11K
Q3 22	$182.6K	11K
Q4 22	$144.3K	12K
Q1 23	$137.4K	12K
Q2 23	$176.1K	12K
Q3 23	$182.2K	12K
Q4 23	$176.7K	10K
Q1 24	$148.9K	10K
Q2 24	$194.0K	10K
Q3 24	$193.0K	10K
Q4 24	$162.1K	11K
Q1 25	$142.9K	11K
Q2 25	$183.8K	11K
Q4 25	$171.2K	11K

Revenue / Employee