USLM
Basic MaterialsUnited States Lime & Minerals, Inc. · Construction Materials · $3B
What is United States Lime & Minerals, Inc.?
United States Lime & Minerals is a mid-cap producer of lime and limestone products serving a wide range of industrial, environmental, and construction end markets across the United States. Headquartered in Dallas, Texas, the company has operated in this niche materials segment for decades.
USLM extracts limestone from open-pit quarries and an underground mine, then processes it into several forms — pulverized limestone, quicklime, hydrated lime, and lime slurry. These products reach a broad customer base: highway and building contractors, paper and glass manufacturers, municipal water treatment facilities, steel producers, oil and gas services companies, and agricultural feed producers. The company also holds royalty and non-operating working interests in natural gas wells in the Barnett Shale Formation in Texas.
The company was incorporated in 1950 and is headquartered in Dallas, Texas.
- Quicklime and hydrated lime for industrial and environmental use
- Pulverized limestone for construction and agriculture
- Lime slurry for water treatment and flue gas processing
- Limestone supply to steel producers and roof shingle manufacturers
- Royalty interests in Barnett Shale natural gas wells
Is USLM a Good Stock to Buy?
UQS Score rates USLM as Good overall, reflecting a balanced profile with notable strengths and one area of concern.
The Quality and Risk pillars both come in as Strong, suggesting the business generates reliable results and carries a manageable risk profile relative to sector peers. The Growth pillar is also rated Strong, indicating the company's expansion trajectory compares favorably within the Basic Materials space.
The Moat pillar is rated Weak — a meaningful flag for long-term investors, as it suggests limited structural competitive advantages that could protect earnings over time. Valuation sits at Neutral.
Pro members can view the full pillar breakdown and underlying financial metrics behind each rating. 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 USLM pay dividends?
Yes — United States Lime & Minerals, Inc. pays a dividend.
United States Lime & Minerals pays a regular dividend, which is relatively uncommon among smaller Basic Materials producers. The dividend reflects the company's consistent cash generation and its willingness to return capital to shareholders alongside reinvestment in its quarrying and processing operations. Income-oriented investors may find this cadence appealing within the sector.
When does USLM report earnings?
United States Lime & Minerals reports earnings on a quarterly cadence, typical for US-listed equities.
The company's Strong Quality and Growth pillar ratings suggest its recent operating results have held up well relative to sector peers. Demand from construction, environmental, and industrial end markets has supported the business across recent reporting periods.
For the most recent quarter's results and upcoming reporting dates, visit United States Lime & Minerals' investor relations page directly.
USLM Price History
+374.2% over 5Y
Monthly close, adjusted for stock splits and dividend reinvestment.
What if I invested in United States Lime & Minerals, Inc.?
Based on United States Lime & Minerals, 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.
USLM Long-term Outlook
The combination of Strong Growth and Strong Risk pillar ratings points to a business with a credible near-term trajectory and limited balance-sheet concerns. Demand for lime and limestone products tends to track infrastructure spending, environmental regulation, and industrial activity — all of which remain active themes. The Weak Moat rating, however, is a reminder that pricing power and competitive barriers are less entrenched than in some peers, which could weigh on margins if input costs or competition intensify.
Growth drivers
- Infrastructure and highway construction spending driving lime demand
- Expanding environmental regulations increasing water treatment and flue gas processing needs
- Steady industrial demand from steel, paper, and glass manufacturers
Key risks
- Weak competitive moat leaves pricing power vulnerable to new entrants or substitutes
- Cyclical exposure to construction and industrial activity
- Energy and transportation cost volatility affecting quarrying and distribution economics
USLM vs Peers
USLM operates in a fragmented Basic Materials segment alongside several regional and national producers of construction and industrial materials.
Knife River focuses on aggregates and construction materials across a broad geographic footprint, competing with USLM primarily on the construction-supply side of the market.
Titan America is a cement and ready-mix concrete producer, overlapping with USLM in serving highway and building contractors but with a different core product chemistry.
Boise Cascade centers on wood products and building materials distribution, sharing some construction end-market exposure with USLM but operating in a distinct materials category.
Frequently Asked Questions
What does United States Lime & Minerals do?
The company mines limestone from quarries and an underground mine, then processes it into quicklime, hydrated lime, pulverized limestone, and lime slurry. These products serve construction contractors, steel producers, water treatment facilities, paper and glass manufacturers, and agricultural feed producers across the United States.
Does USLM pay dividends?
Yes, United States Lime & Minerals pays a regular dividend. This is relatively uncommon among mid-cap Basic Materials producers and reflects the company's consistent cash generation. For current yield and payment schedule details, check the company's investor relations page.
When does USLM report earnings?
USLM reports on a quarterly cadence, as is standard for US-listed companies. For exact upcoming reporting dates, refer to the investor relations section of the United States Lime & Minerals website, which publishes the current earnings calendar.
Is USLM a good stock to buy?
UQS Score rates USLM as Good overall. The Quality, Growth, and Risk pillars are all rated Strong, which is a positive combination. The Moat pillar is rated Weak, which is worth monitoring. Valuation is Neutral. The full pillar breakdown is available to Pro members.
Is USLM overvalued?
The UQS Valuation pillar for USLM is rated Neutral, suggesting the stock is neither clearly cheap nor obviously expensive relative to its fundamentals. Investors seeking a deeper look at the underlying valuation metrics can access the full analysis through a Pro membership.
How does USLM compare to its competitors?
USLM operates in a niche corner of Basic Materials focused on lime and limestone, which differentiates it from broader aggregates or cement producers. Competitors like Knife River and Titan America serve overlapping construction end markets but with different core products. The UQS platform scores each ticker independently for direct comparison.
What is USLM's market cap bracket?
United States Lime & Minerals is classified as a mid-cap company. This places it in a segment that often balances growth potential with more established operations than smaller micro- or small-cap peers in the materials sector.
Who founded United States Lime & Minerals?
The company was incorporated in 1950, making it one of the longer-standing lime producers in the United States. Detailed founding history and leadership background are available through publicly accessible corporate filings and the company's official website.
Is USLM a long-term quality indicator?
From a quality standpoint, USLM's Strong Quality and Strong Risk pillar ratings suggest the business has demonstrated operational consistency. The Weak Moat rating is the primary long-term concern, as durable competitive advantages are a key ingredient for sustained value creation over multi-year horizons.
What is the main competitive advantage of United States Lime & Minerals?
USLM's advantage lies in its established quarry assets and long-standing customer relationships across construction, industrial, and environmental end markets. However, the UQS Moat pillar rates this as Weak, indicating that structural barriers to competition are limited compared to businesses with stronger pricing power or switching costs.
What sector does USLM belong to?
USLM is classified in the Basic Materials sector. Within that broad category, it occupies a specialized niche focused on lime and limestone — products essential to construction, environmental compliance, steel production, and several industrial manufacturing processes.
Is USLM a growth stock or value stock?
Based on UQS pillar ratings, USLM carries a Strong Growth label alongside a Neutral Valuation label. That combination suggests the company is expanding at an above-average pace for its sector without appearing significantly overpriced — though it does not fit neatly into a pure value category either.
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Pro Analysis
USLM — Score History
| Date | UQS | Quality | Moat | Growth | Risk | Value | Change |
|---|---|---|---|---|---|---|---|
| May 22, 2026 | 69.8 | 85.8 | 31.0 | 94.6 | 82.4 | 62.1 | 0.0 |
| May 21, 2026 | 69.8 | 85.9 | 31.0 | 94.6 | 82.4 | 62.3 | +0.3 |
| May 14, 2026 | 69.5 | 85.5 | 31.0 | 94.6 | 82.4 | 60.8 | +0.1 |
| May 12, 2026 | 69.4 | 85.5 | 31.0 | 94.6 | 82.4 | 59.6 | -0.1 |
| May 8, 2026 | 69.5 | 85.5 | 31.0 | 94.6 | 82.4 | 60.5 | +0.4 |
| May 7, 2026 | 69.1 | 86.2 | 31.0 | 94.6 | 82.4 | 56.6 | +0.2 |
| May 3, 2026 | 68.9 | 86.2 | 31.0 | 94.6 | 82.4 | 55.6 | +1.0 |
| Apr 26, 2026 | 67.9 | 86.2 | 31.0 | 94.6 | 82.4 | 48.7 | +0.4 |
| Apr 19, 2026 | 67.5 | 86.2 | 31.0 | 94.6 | 82.4 | 46.3 | -0.1 |
| Apr 18, 2026 | 67.6 | 86.2 | 31.0 | 94.6 | 82.4 | 47.0 | -1.8 |
USLM — Pillar Breakdown
Quality
— 85.8/100 (25%)United States Lime & Minerals, Inc. demonstrates outstanding capital efficiency and profitability, placing it among the highest-quality businesses in the market.
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
— 94.6/100 (20%)United States Lime & Minerals, Inc. is growing rapidly with strong revenue and earnings expansion.
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
— 82.4/100 (15%)United States Lime & Minerals, Inc. carries minimal financial risk with conservative leverage and strong solvency.
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
— 62.3/100 (15%)United States Lime & Minerals, Inc. trades at a reasonable valuation with decent earnings yield and FCF multiples.
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
— 31/100 (25%)United States Lime & Minerals, Inc. operates in a highly competitive environment with limited sustainable advantages. 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 USLM.
Score Composition
Financial Data
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How is the USLM UQS Score Calculated?
The UQS (Unified Quality Score) for United States Lime & Minerals, 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 United States Lime & Minerals, 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 United States Lime & Minerals, 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.