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MLM

Martin Marietta Materials Inc

US$482.27+0.65% (US$3.10)
Day's range
US$480.47 – US$487.98
Day's volume
US$350.8m
52-week range
US$479.09 – US$705.09

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MLM in numbers

Market cap
US$29bn
P/E
11.79
P/B
2.51
Dividend yield (12m)
0.69%
Net debt/EBITDA
2.82

The 12-month dividend yield of MLM is 0.69%, above its 5-year average of 0.59%.

MLM price history

06/10/202502/10/2026
Compare with

MLM risk and return

Monthly closes adjusted for splits and distributions.

Metric12 months36 months60 months
Return-22.18%+5.42%+23.06%
Volatility (annualised)19.76%23.25%25.52%
Largest drawdown-28.78%-28.78%-31.84%
Positive months5/1221/3633/60

How much did investing in MLM return?

US$1,000.00 invested on 01/11/2021 would be worth US$1,230.65 today.

Value today in MLM
US$1,230.65
Return over the period
+23.06%
Return per year
+4.31%
In the S&P 500
US$1,690.98

With dividends reinvested, before taxes and costs, at month-end closes. Past returns do not guarantee future ones.

MLM fundamentals

Valuation

  • P/E
    11.79
  • P/B
    2.51
  • EV/EBITDA
    16.84
  • EV/EBIT
    25.22
  • EV/Revenue
    5.20
  • P/EBIT
    20.99
  • P/S
    4.33
  • P/OCF
    19.07
  • P/FCF
    35.76
  • Earnings yield
    3.96%
  • PEG ratio
    —
  • Earnings per share
    US$40.91
  • Book value per share
    US$192.22

Debt

  • Net debt
    US$5.8bn
  • Net debt/EBITDA
    2.82
  • Net debt/Equity
    0.51
  • Debt/Equity
    0.52
  • Current ratio
    1.41
  • Quick ratio
    0.73
  • Cash ratio
    0.06

Efficiency

  • Gross margin
    28.17%
  • EBITDA margin
    30.90%
  • Operating margin
    20.63%
  • Net margin
    36.73%
  • Asset turnover
    0.31

Profitability

  • ROE
    21.28%
  • ROA
    11.53%
  • ROIC
    6.32%
  • Payout
    8.14%

Growth

  • Revenue CAGR (5 years)
    6.59%
  • Earnings CAGR (5 years)
    26.17%
  • Revenue growth (year)
    —
  • Earnings growth (year)
    —
  • Revenue growth (quarter)
    —
  • Earnings growth (quarter)
    —

What is MLM's fair price?

Two classic value formulas, with today's numbers. The current price is US$482.27.

Graham's fair price
US$420.61
12.78% below the price

√(22.50 × US$40.91 × US$192.22)

Benjamin Graham paid no more than a P/E of 15 and a P/B of 1.5. Their product, 22.5, times earnings (EPS) and book value per share gives the fair price.

Bazin's ceiling price
US$46.67
90.32% below the price

US$2.80 (5-year average) ÷ 6%

Décio Bazin only bought shares yielding at least 6% a year in distributions. The ceiling price is the average dividend per share of recent years divided by 6%.

Graham ignores growth and debt; Bazin assumes past distributions will repeat. They are reference points for comparison, not a buy recommendation.

MLM indicators by year

Multiples at each year's closing price; margins and returns from that year's accounts.

Indicator20252024202320222021202020192018
P/E33.0115.7826.3824.2239.1124.5328.4322.83
P/B3.743.333.842.934.213.003.252.17
EV/EBITDA20.6411.8718.3714.9922.6814.3716.0313.34
Dividend yield0.52%0.59%0.56%0.75%0.54%0.79%0.74%1.07%
Earnings per shareUS$18.86US$32.73US$18.92US$13.96US$11.26US$11.58US$9.84US$7.53
Book value per shareUS$166.33US$155.03US$129.95US$115.46US$104.74US$94.57US$86.03US$79.23
ROE11.34%21.11%14.56%12.09%10.75%12.24%11.44%9.50%
ROIC7.59%13.40%9.71%7.99%7.03%9.81%8.93%7.03%
Gross margin30.72%28.89%29.82%23.10%24.91%26.49%24.88%22.77%
EBITDA margin33.72%53.90%31.55%27.80%26.33%29.58%26.51%24.38%
Net margin18.50%35.25%19.99%14.07%12.98%15.24%12.91%11.07%
Net debt/EBITDA2.531.551.672.733.401.732.192.97

MLM financial statements

Line202520242023202220212020
Net revenueUS$6.2bnUS$5.7bnUS$5.9bnUS$6.2bnUS$5.4bnUS$4.7bn
Cost of sales-US$4.3bn-US$4bn-US$4.1bn-US$4.7bn-US$4.1bn-US$3.5bn
Gross profitUS$1.9bnUS$1.6bnUS$1.7bnUS$1.4bnUS$1.3bnUS$1.3bn
EBITDAUS$2.1bnUS$3.1bnUS$1.8bnUS$1.7bnUS$1.4bnUS$1.4bn
EBITUS$1.4bnUS$2.5bnUS$1.3bnUS$1.2bnUS$973.8mUS$1bn
Net finance result——————
Profit before taxUS$1.2bnUS$2.4bnUS$1.2bnUS$1.1bnUS$855.5mUS$889.3m
Income tax-US$236m-US$550m-US$234m-US$235m-US$153.2m-US$168.2m
Net incomeUS$1.1bnUS$2bnUS$1.2bnUS$866.7mUS$702.8mUS$721m

Figures the company filed with the CVM. Debt excludes leases; each quarter is that quarter alone.

Does MLM pay dividends?

Dividend yield per year

  • 0.78%2017
  • 1.07%2018
  • 0.74%2019
  • 0.79%2020
  • 0.54%2021
  • 0.75%2022
  • 0.56%2023
  • 0.59%2024
  • 0.52%2025
  • 0.52%2026
Payment history
TypeLast day to ownPaymentPer share
Dividend31/08/202630/09/2026US$0.84
Dividend29/05/202630/06/2026US$0.83
Dividend27/02/202631/03/2026US$0.83
Dividend28/11/202531/12/2025US$0.83
Dividend01/09/202530/09/2025US$0.83
Dividend30/05/202530/06/2025US$0.79
Dividend28/02/202531/03/2025US$0.79
Dividend29/11/202431/12/2024US$0.79
Dividend02/09/202430/09/2024US$0.79
Dividend31/05/202428/06/2024US$0.74
Dividend29/02/202428/03/2024US$0.74
Dividend29/11/202329/12/2023US$0.74
See all 40 distributions
Earlier distributions
TypeLast day to ownPaymentPer share
Dividend30/08/202329/09/2023US$0.74
Dividend30/05/202330/06/2023US$0.66
Dividend02/03/202331/03/2023US$0.66
Dividend29/11/202230/12/2022US$0.66
Dividend30/08/202230/09/2022US$0.66
Dividend30/05/202230/06/2022US$0.61
Dividend25/02/202231/03/2022US$0.61
Dividend29/11/202131/12/2021US$0.61
Dividend30/08/202130/09/2021US$0.61
Dividend27/05/202130/06/2021US$0.57
Dividend25/02/202131/03/2021US$0.57
Dividend27/11/202031/12/2020US$0.57
Dividend28/08/202030/09/2020US$0.57
Dividend28/05/202030/06/2020US$0.55
Dividend27/02/202031/03/2020US$0.55
Dividend28/11/201931/12/2019US$0.55
Dividend29/08/201930/09/2019US$0.55
Dividend30/05/201928/06/2019US$0.48
Dividend28/02/201929/03/2019US$0.48
Dividend29/11/201831/12/2018US$0.48
Dividend30/08/201828/09/2018US$0.48
Dividend30/05/201829/06/2018US$0.44
Dividend01/03/201829/03/2018US$0.44
Dividend29/11/201729/12/2017US$0.44
Dividend30/08/201729/09/2017US$0.44
Dividend29/05/201730/06/2017US$0.42
Dividend01/03/201731/03/2017US$0.42
Dividend28/11/201630/12/2016US$0.42

About Martin Marietta Materials

Sector
Mining

Questions about MLM

How much is MLM today?

MLM is at US$482.27 (0.65% on the day), last traded on 02/10/2026.

How much did MLM pay in dividends in 2025?

MLM paid US$3.24 per share in 2025, a dividend yield of 0.52%.

What are the P/E and P/B of MLM?

MLM trades at a P/E of 11.79 and a P/B of 2.51.

How much did MLM return in 12 months?

MLM returned -22.18% in 12 months, with annualised volatility of 19.76% and a largest drawdown of -28.78%.