MLM
Basic MaterialsMartin Marietta Materials, Inc. · Construction Materials · $32B
What is Martin Marietta Materials, Inc.?
Martin Marietta Materials is a large-cap natural resource company supplying aggregates and heavy-side building materials across the United States and select international markets. Founded in 1994 and headquartered in Raleigh, North Carolina, it serves infrastructure, residential, and nonresidential construction customers.
The company quarries and sells crushed stone, sand, and gravel — the foundational materials behind roads, bridges, and buildings. Beyond aggregates, it produces ready mixed concrete, asphalt, and Portland cement for construction projects. A smaller but distinct segment manufactures magnesia-based chemicals used in flame retardants, wastewater treatment, and agricultural applications, along with dolomitic lime sold primarily to steel producers. Revenue is tied closely to construction activity and public infrastructure spending cycles.
Martin Marietta Materials was incorporated in 1994 and is headquartered in Raleigh, North Carolina.
- Crushed stone, sand, and gravel aggregates
- Ready mixed concrete and asphalt paving products
- Portland and specialty cement for construction
- Magnesia-based chemicals for industrial and environmental use
- Dolomitic lime for steel production and soil stabilization
Is MLM a Good Stock to Buy?
UQS Score rates MLM as Below Average overall, reflecting a mixed profile across its five quality pillars.
The Risk pillar stands out as the clearest positive — Martin Marietta carries a relatively measured financial risk profile compared to many peers in the Basic Materials sector. The Quality and Growth pillars both land at Neutral, suggesting the business is operationally stable without delivering standout returns or expansion momentum.
The Moat pillar registers as Weak, indicating limited evidence of durable competitive advantages that would protect pricing power over the long term. Valuation is Neutral, offering neither a clear discount nor a premium signal.
Pro members can view the complete pillar breakdown and underlying financial metrics behind each label at UQS Score. Sign up free →
Past performance does not guarantee future results. UQS Score is based on fundamental data and is not a buy/sell recommendation.
Does MLM pay dividends?
Yes — Martin Marietta Materials, Inc. pays a dividend.
Martin Marietta pays a regular dividend, consistent with its position as a mature, asset-heavy materials company generating relatively predictable cash flows from long-lived quarry assets. The dividend reflects management's willingness to return capital alongside reinvestment in reserves and operations. Investors seeking income alongside exposure to infrastructure spending may find the dividend cadence relevant to their thesis.
When does MLM report earnings?
Martin Marietta Materials reports earnings on a quarterly cadence, typical for US-listed equities.
Results tend to be influenced by seasonal construction activity, weather patterns, and the pace of public infrastructure funding. Aggregates volumes and pricing are the primary drivers investors watch each quarter, alongside any commentary on backlog and regional demand trends.
For the most recent quarter's results and guidance, visit Martin Marietta's investor relations page directly.
MLM Price History
+74.0% over 5Y
Monthly close, adjusted for stock splits and dividend reinvestment.
What if I invested in Martin Marietta Materials, Inc.?
Based on Martin Marietta Materials, Inc.'s historical closing prices, adjusted for stock splits and dividend reinvestment. Past performance does not guarantee future results. This is for informational purposes only and is not financial advice.
MLM Long-term Outlook
With Growth and Quality both rated Neutral, Martin Marietta's fundamental trajectory appears steady rather than accelerating. The company is positioned to benefit from ongoing infrastructure investment cycles, but the Weak Moat rating suggests pricing power may face pressure as competition for large contracts intensifies. The Good Risk rating provides some confidence that the balance sheet is not a near-term concern, though the Neutral Valuation label means the stock does not appear to offer a clear margin of safety at current levels.
Growth drivers
- Federal and state infrastructure spending supporting aggregates demand
- Long-lived quarry reserves providing multi-decade supply visibility
- Specialty chemicals segment offering diversification beyond construction cycles
Key risks
- Cyclical exposure to residential and nonresidential construction downturns
- Weak Moat rating signals limited pricing power relative to local competitors
- Neutral Valuation leaves little buffer if growth disappoints
MLM vs Peers
Martin Marietta operates in a concentrated aggregates market alongside a small number of large national and international players.
Vulcan is the largest US aggregates producer by volume, with a quarry network that overlaps significantly with Martin Marietta's footprint, making it the most direct rival in most regional markets.
Amrize competes across construction materials categories, bringing a broader product portfolio that extends beyond aggregates into areas where Martin Marietta has a narrower presence.
CRH is a global building materials group with US aggregates and downstream construction products operations, competing with Martin Marietta on both scale and geographic reach.
Frequently Asked Questions
What does Martin Marietta Materials do?
Martin Marietta quarries and sells crushed stone, sand, and gravel — the core inputs for roads, bridges, and buildings. It also produces ready mixed concrete, asphalt, Portland cement, magnesia-based chemicals, and dolomitic lime. The company serves infrastructure contractors, homebuilders, and industrial customers across the United States.
Does MLM pay dividends?
Yes, Martin Marietta pays a regular dividend. As a mature, asset-heavy materials company with long-lived quarry reserves, it generates relatively predictable cash flows that support ongoing capital returns to shareholders. Investors should check the company's investor relations page for the current dividend rate and payment schedule.
When does MLM report earnings?
Martin Marietta reports on a quarterly cadence, in line with standard US-listed company practice. Seasonal construction patterns mean results can vary meaningfully by quarter. For the exact timing of the next earnings release, refer to the investor relations section of the company's official website.
Is MLM a good stock to buy?
The UQS Score rates MLM as Below Average overall. The Risk pillar is the clearest strength, while the Moat pillar is rated Weak. Quality, Growth, and Valuation all sit at Neutral. Whether that profile fits your portfolio depends on your investment criteria — the full pillar breakdown is available to Pro members on UQS Score.
Is MLM overvalued?
The UQS Valuation pillar for MLM is rated Neutral, suggesting the stock is neither clearly cheap nor obviously expensive relative to the framework's assessment. A Neutral Valuation combined with a Weak Moat rating means investors are not getting a significant discount for the competitive risks present in the business.
How does MLM compare to its competitors?
Martin Marietta competes primarily with Vulcan Materials, CRH, and Amrize in the aggregates and building materials space. Vulcan is its closest US rival by business model. CRH brings greater global scale, while Amrize competes across a broader product range. UQS Score provides side-by-side pillar comparisons for Pro members.
What is MLM's market cap bracket?
Martin Marietta Materials is classified as a large-cap stock. This places it among the more established and widely followed companies in the Basic Materials sector, typically associated with greater liquidity and institutional coverage than smaller peers.
Who founded Martin Marietta Materials?
Martin Marietta Materials was incorporated in 1994 as a spin-off from the former Martin Marietta Corporation. The company's roots in materials production trace back to 1939. Full historical context is available through publicly accessible corporate filings and the company's official history.
Is MLM a long-term quality stock?
As a long-term quality indicator, MLM's UQS profile is mixed. The Good Risk rating and stable cash-generating quarry assets are positives for durability. However, the Weak Moat rating raises questions about whether the business can sustain above-average returns over a full cycle. Pro members can explore the complete multi-pillar view.
What is the main competitive advantage of Martin Marietta Materials?
Martin Marietta's primary practical advantage lies in the location of its quarries — aggregates are heavy and expensive to transport, so proximity to construction markets matters. That said, the UQS Moat pillar rates this advantage as Weak, suggesting it may not translate into durable pricing power at a company-wide level.
What sector does MLM belong to?
Martin Marietta Materials is classified in the Basic Materials sector. Within that sector, it operates specifically in the aggregates and construction materials industry, which is closely tied to infrastructure spending, housing starts, and nonresidential construction activity.
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Pro Analysis
MLM — Score History
| Date | UQS | Quality | Moat | Growth | Risk | Value | Change |
|---|---|---|---|---|---|---|---|
| May 7, 2026 | 50.2 | 58.8 | 37.0 | 45.8 | 65.5 | 48.3 | 0.0 |
| May 4, 2026 | 50.2 | 58.8 | 37.0 | 45.8 | 65.5 | 48.4 | +0.4 |
| May 2, 2026 | 49.8 | 58.8 | 37.0 | 44.8 | 65.5 | 47.2 | 0.0 |
| May 1, 2026 | 49.8 | 58.8 | 37.0 | 44.8 | 65.5 | 46.9 | 0.0 |
| Apr 26, 2026 | 49.8 | 58.8 | 37.0 | 44.8 | 65.5 | 47.4 | +0.2 |
| Apr 22, 2026 | 49.6 | 58.8 | 37.0 | 43.9 | 65.5 | 46.8 | -0.3 |
| Apr 19, 2026 | 49.9 | 58.8 | 37.0 | 44.9 | 65.5 | 47.7 | +0.2 |
| Apr 18, 2026 | 49.7 | 58.7 | 37.0 | 44.9 | 65.5 | 46.8 | -0.4 |
| Apr 15, 2026 | 50.1 | 58.7 | 37.0 | 44.9 | 65.5 | 49.4 | -0.1 |
| Apr 14, 2026 | 50.2 | 58.7 | 37.0 | 44.8 | 65.5 | 50.2 | -3.3 |
MLM — Pillar Breakdown
Quality
— 65.8/100 (25%)Martin Marietta Materials, Inc. shows solid profitability with healthy returns on capital and reasonable margins.
How effectively capital is deployed to generate returns.
Profitability relative to shareholders' equity.
Ability to convert revenue into operating profit.
Bottom-line profit as a share of revenue.
Asset productivity — how much gross profit each dollar of assets generates.
Free cash flow relative to market value.
Growth
— 46.3/100 (20%)Martin Marietta Materials, Inc. shows steady but unspectacular growth, typical for mature companies.
Revenue trajectory over the last twelve months.
Compound annual revenue growth rate over 3 years.
Year-over-year earnings per share growth.
Analyst consensus for future revenue growth.
Analyst consensus for future earnings growth.
Risk
— 57.4/100 (15%)Martin Marietta Materials, Inc. maintains a reasonable risk profile with manageable debt levels.
Debt levels relative to earnings capacity.
Total debt relative to shareholder equity.
Short-term liquidity — ability to pay near-term obligations.
Earnings capacity relative to interest payments.
Valuation
— 48.2/100 (15%)Martin Marietta Materials, Inc. has a mixed valuation — some metrics suggest fair value while others appear stretched.
Inverse of forward P/E — higher yield means cheaper stock.
How many years of FCF the market cap represents.
P/E relative to earnings growth — lower is more attractive.
Enterprise value multiple relative to sector median.
Moat
— 37/100 (25%)Martin Marietta Materials, Inc. possesses some competitive advantages but faces meaningful competition. The Moat pillar evaluates competitive advantages across five dimensions: Switching Costs, Network Effects, Cost Advantage, Intangible Assets, and Scale & Ecosystem. Sign in to customize moat ratings for MLM.
Score Composition
Financial Data
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How is the MLM UQS Score Calculated?
The UQS (Unified Quality Score) for Martin Marietta Materials, Inc. is calculated using a proprietary 6-pillar framework with 29 financial metrics. Each pillar evaluates a different dimension on a 0–100 scale, then combines into a single weighted score. Scoring thresholds are calibrated per sector. Momentum is an optional Pro toggle — without it, you get the 5-pillar / 25-metric core shown below.
Quality (25%) measures profitability and capital efficiency — ROIC, ROE, margins, GP/Assets, and FCF Yield.
Moat (25%) assesses Martin Marietta Materials, Inc.'s competitive advantages across switching costs, network effects, cost advantages, intangible assets, and ecosystem scale.
Growth (20%) tracks revenue trajectory and earnings momentum, combining historical results with analyst forward estimates.
Risk (15%) is inversely scored — lower leverage and strong balance sheet health result in higher scores.
Valuation (15%) measures whether Martin Marietta Materials, Inc. is fairly priced using earnings yield, price-to-FCF, PEG ratio, and EV/EBITDA relative to sector peers.
Six investor-inspired presets are available, each with different pillar weights: Balanced, Buffett, Munger, Lynch, Cathie Wood, and Graham. The public score shown here uses the Balanced preset. Learn more in our FAQ.