MLM

Basic Materials

Martin Marietta Materials, Inc. · Construction Materials · $32B

UQS Score — Balanced Preset
50.8
Below Average

Martin Marietta Materials, Inc. scores 50.8/100 using the Balanced preset.

UQS vs Basic Materials Sector
MLM
50.8
Sector avg
38.2
Quality
Good
Moat
Weak
Growth
Neutral
Risk
Neutral
Valuation
Neutral

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.

Return Calculator

What if I invested in Martin Marietta Materials, Inc.?

$
Today it would be worth
$18,394
That's a +83.9% total return, or +13.0% annualized.

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.

VMCSimilar UQS
Vulcan Materials Company

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.

AMRZMLM scores higher
Amrize Ltd

Amrize competes across construction materials categories, bringing a broader product portfolio that extends beyond aggregates into areas where Martin Marietta has a narrower presence.

CRHSimilar UQS
CRH plc

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

4045505560Apr 2Apr 12Apr 22May 2May 12May 22May 24v5
Score changes· 15 most recent
DateUQSQualityMoatGrowthRiskValueChange
May 7, 202650.258.837.045.865.548.30.0
May 4, 202650.258.837.045.865.548.4+0.4
May 2, 202649.858.837.044.865.547.20.0
May 1, 202649.858.837.044.865.546.90.0
Apr 26, 202649.858.837.044.865.547.4+0.2
Apr 22, 202649.658.837.043.965.546.8-0.3
Apr 19, 202649.958.837.044.965.547.7+0.2
Apr 18, 202649.758.737.044.965.546.8-0.4
Apr 15, 202650.158.737.044.965.549.4-0.1
Apr 14, 202650.258.737.044.865.550.2-3.3

MLM — Pillar Breakdown

Quality

65.8/100 (25%)

Martin Marietta Materials, Inc. shows solid profitability with healthy returns on capital and reasonable margins.

Capital Efficiency (ROIC)Weak

How effectively capital is deployed to generate returns.

Return on EquityStrong

Profitability relative to shareholders' equity.

Operating ProfitabilityStrong

Ability to convert revenue into operating profit.

Net ProfitabilityStrong

Bottom-line profit as a share of revenue.

Gross Profit / AssetsWeak

Asset productivity — how much gross profit each dollar of assets generates.

Cash GenerationModerate

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.

Recent Revenue TrendWeak

Revenue trajectory over the last twelve months.

3Y Revenue CAGRWeak

Compound annual revenue growth rate over 3 years.

EPS GrowthWeak

Year-over-year earnings per share growth.

Forward Revenue OutlookStrong

Analyst consensus for future revenue growth.

Forward EPS GrowthStrong

Analyst consensus for future earnings growth.

Risk

57.4/100 (15%)

Martin Marietta Materials, Inc. maintains a reasonable risk profile with manageable debt levels.

Financial LeverageWeak

Debt levels relative to earnings capacity.

Debt/EquityStrong

Total debt relative to shareholder equity.

Current RatioModerate

Short-term liquidity — ability to pay near-term obligations.

Interest CoverageWeak

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.

Earnings YieldModerate

Inverse of forward P/E — higher yield means cheaper stock.

Price to Free Cash FlowModerate

How many years of FCF the market cap represents.

PEG RatioStrong

P/E relative to earnings growth — lower is more attractive.

EV/EBITDA vs SectorWeak

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

Quality
65.8×25%16.4
Growth
46.3×20%9.3
Risk
57.4×15%8.6
Valuation
48.2×15%7.2
Moat
37.0×25%9.3
Total
50.8Below Average

Financial Data

More Stock Analysis

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.