← Filings of MLM

Tables in the 10-K of MARTIN MARIETTA MATERIALS INC

90 tables with numbers, filed Feb 19, 2026. Each one downloads as a CSV for Excel or Google Sheets, with the filing's address in the last row. Only the layout is tidied (a "$" or ")" in a cell of its own is joined to its number); no value is changed. Open the filing on sec.gov ↗

PART I	1
ITEM 1.	BUSINESS	1
ITEM 1A.	RISK FACTORS	14
ITEM 1B.	UNRESOLVED STAFF COMMENTS	27
ITEM 1C.	CYBERSECURITY	28
ITEM 2.	PROPERTIES	29
ITEM 3.	LEGAL PROCEEDINGS	33
ITEM 4.	MINE SAFETY DISCLOSURES	33

PART IV	112
ITEM 15.	EXHIBITS AND FINANCIAL STATEMENT SCHEDULES	112
ITEM 16.	FORM 10-K SUMMARY	118
SIGNATURES	119

Summary Mineral Reserves At End of Fiscal Year Ended December 31, 2025 1,2
	Proven Mineral Reserves	Probable Mineral Reserves	Total Mineral Reserves
	Tons (in thousands)		Grades/Qualities	Tons (in thousands)	Grades/Qualities	Tons (in thousands)		Grades/Qualities
Crushed Stone
East Division		4,415,304		Crushed Stone	4,324,181		Crushed Stone		8,739,485	Crushed Stone
Central Division		1,414,378		Crushed Stone	1,395,001		Crushed Stone		2,809,379	Crushed Stone
Southwest Division		1,967,115		Crushed Stone	1,495,006		Crushed Stone		3,462,121	Crushed Stone
West Division		434,551		Crushed Stone	542,725		Crushed Stone		977,276	Crushed Stone

	Total Annual Production (tons in millions) For year ended December 31
	2025		2024		2023
Aggregates		194.2		190.8		208.5
Cement limestone		2.6		3.3		6.1
Specialties limestone		3.2		3.1		3.5
Specialties magnesite1		0.2		—		—
Total		200.2		197.2		218.1

Name	Age	Present Position	Year Assumed Present Position	Other Positions and Other Business Experience Within the Last Five Years
C. Howard Nye	63	Chair of the Board,	2014
		Chief Executive Officer,	2010
		President,	2006
		President of AggregatesBusiness,	2010
		Chair of Magnesia Specialties Business	2007
Donald A. McCunniff	68	Executive Vice President, Chief Human Resources Officer	2024
Robert J. Cardin	62	Senior Vice President,Controller andChief Accounting Officer	2019	Interim Chief Financial Officer (2025)

Period	Total Number of Shares Purchased		Average Price Paid per Share		Total Number of Shares Purchased as Part of Publicly Announced Plans or Programs(1)		Maximum Number of Shares that May Yet be Purchased Under the Plans or Programs
October 1, 2025 — October 31, 2025		—		$—		—		11,024,507
November 1, 2025 — November 30, 2025		—		$—		—		11,024,507
December 1, 2025 — December 31, 2025		—		$—		—		11,024,507
Total		—		$—		—		11,024,507

years ended December 31 (in millions, except for % of revenues)	2025		% of Revenues		2024		% of Revenues		2023	% of Revenues
Revenues	$6,150			100		$5,662			100	$5,851		100
Cost of revenues		4,261			69			4,026		71		4,106	70
Gross Profit		1,889			31			1,636		29		1,745	30
Selling, general and administrative expenses		443			7			429		8		425	7
Acquisition, divestiture and integration expenses		15					50				12
Other operating income, net		(6)					(1,322)				(25)
Earnings from Operations		1,437			23			2,479		44		1,333	23

years ended December 31
(in millions)	2025		2024		2023
Building Materials business:
East Group:
Aggregates	$3,065		$2,787		$2,593
Other Building Materials		156		184		199
Less: interproduct revenues		(27)		(30)		(29)
East Group Total		3,194		2,941		2,763

years ended December 31 (in millions)	2025		2024		2023
Cash Provided by Operating Activities:
Continuing operations	$1,598		$1,227		$1,307
Discontinued operations		187		232		221
	$1,785		$1,459		$1,528
Cash (Used for) Provided by Investing Activities:
Continuing operations	$(1,507)		$(2,326)		$185
Discontinued operations		(81)		(118)		274

Discount rate	5.97%
Rate of increase in future compensation levels	4.50%
Expected long-term rate of return on assets	6.75%
Average remaining service period for participants	9 years
Mortality Tables:
Base Table	Pri-2012
Mortality Improvement Scale	MP-2020

	2025			2024			2023
years ended December 31 (dollars in millions)	Amount		% of Revenues			Amount		% of Revenues			Amount		% of Revenues
Building Materials business:
Aggregates	$1,677			34%			$1,449			32%			$1,378		32%
Other Building Materials		98			10%				119			11%			267	18%
Total Building Materials business		1,775			31%				1,568			29%			1,645	30%
Specialties		137			31%				107			33%			97	31%
Corporate		(23)		NM				(39)		NM				3	NM

years ended December 31
(in millions)	2025		2024		2023
Net earnings from continuing operations attributable to Martin Marietta	$990		$1,815		$991
Add back (deduct):
Interest expense, net of interest income		220		128		119
Income tax expense for controlling interests		236		549		234
Depreciation, depletion and amortization expense and earnings/loss from nonconsolidated equity affiliates		581		500		449
Acquisition, divestiture and integration expenses		12		40		12

years ended December 31
(in millions)	2025		2024		2023
Consolidated net earnings attributable to Martin Marietta	$1,137		$1,995		$1,169
Add back (Deduct):
Adjustments to net earnings from continuing operations attributable to Martin Marietta		1,075		(44)		814
Adjustments to earnings from discontinued operations, net of income tax expense		90		115		136
Consolidated Adjusted EBITDA	$2,302		$2,066		$2,119

Martin Marietta Materials, Inc. and Consolidated Subsidiaries Consolidated Statements of Comprehensive Earnings
years ended December 31 (in millions)	2025		2024		2023
Consolidated Net Earnings	$1,137		$1,996		$1,170
Other comprehensive earnings (loss), net of tax:
Defined benefit pension and postretirement plans:
Net gain (loss) arising during period, net of tax of $21, $11 and $(5), respectively		62		33		(16)
Amortization of prior service cost, net of tax of $2, $1 and $2, respectively		4		5		4
Amortization of actuarial loss, net of tax of $0, $0 and $0, respectively		1		1		—

Index to Consolidated Financial Statements		Page
	Statement of Responsibility and Management’s Report onInternal Control over Financial Reporting	66
	Report of Independent Registered Public Accounting Firm	68
	Consolidated Statements of Earnings –for years ended December 31, 2025, 2024 and 2023	70
	Consolidated Statements of Comprehensive Earnings –for years ended December 31, 2025, 2024 and 2023	71
	Consolidated Balance Sheets –at December 31, 2025 and 2024	72
	Consolidated Statements of Cash Flows –for years ended December 31, 2025, 2024 and 2023	73
	Consolidated Statements of Total Equity –for years ended December 31, 2025, 2024 and 2023	74

Martin Marietta Materials, Inc. and Consolidated Subsidiaries Consolidated Balance Sheets
December 31 (in millions, except share and par value data)	2025		2024
Assets
Current Assets:
Cash and cash equivalents	$67		$670
Accounts receivable, net		723		678
Inventories, net		1,078		1,018
Current assets held for sale		1,230		15

Martin Marietta Materials, Inc. and Consolidated Subsidiaries Consolidated Statements of Total Equity
(in millions, except share and per share data)	Shares of Common Stock		Common Stock			Additional Paid-In Capital		Accumulated Other Comprehensive (Loss) Earnings		Retained Earnings		Total Shareholders’ Equity			Noncontrolling Interests		Total Equity
Balance at December 31, 2022		62,102,353		$1			$3,489		$(38)		$3,719		$7,171			$2		$7,173
Consolidated net earnings		—			—			—			—			1,169			1,169		1	1,170
Other comprehensive loss		—			—			—			(11)			—			(11)		—	(11)
Dividends declared ($2.80 per common share)		—			—			—			—			(174)			(174)		—	(174)
Issuances of common stock for stock award plans		100,588			—			2			—			—			2		—	2
Shares withheld for employees’ income tax obligations		—			—			(22)			—			—			(22)		—	(22)

December 31 (in millions)	2025		2024		2023
Cash and cash equivalents	$67		$670		$1,272
Restricted cash		—		—		10
Total cash, cash equivalents and restricted cash presented in the consolidated statements of cash flows	$67		$670		$1,282

years ended December 31	Pension and Postretirement Benefit Plans		Foreign Currency		Total
(in millions)	2025
Accumulated other comprehensive loss at beginning of period	$(9)		$(4)		$(13)
Other comprehensive earnings before reclassifications, net of tax		62		2		64
Amounts reclassified from accumulated other comprehensive loss, net of tax		9		—		9
Other comprehensive earnings, net of tax		71		2		73
Accumulated other comprehensive earnings (loss) at end of period	$62		$(2)		$60
Cumulative noncurrent deferred tax assets at end of period	$18		$—		$18

(in millions)
Assets:
Inventories	$47
Property, plant and equipment1		2,052
Intangible assets, other than goodwill		19
Other assets		2
Total assets		2,120
Liabilities:

December 31	East Group		West Group		Specialties	Total
(in millions)	2025
Balance at beginning of period	$1,031		$2,362		$—	$3,393
Acquisitions		5		—		209	214
Adjustments to purchase price allocations		(1)		8		—	7
Balance at end of period	$1,035		$2,370		$209	$3,614
	2024
Balance at beginning of period	$764		$2,625		$—	$3,389

December 31	Gross Amount		Accumulated Amortization		Net Balance
(in millions)	2025
Noncompetition agreements	$1		$(1)		$—
Customer relationships		418		(99)		319
Operating permits		110		(33)		77
Use rights and other		29		(14)		15
Trade names		10		(5)		5
Total	$568		$(152)		$416

December 31	Building Materials Business		Specialties		Total
(in millions)	2025
Operating permits	$7		$—		$7
Use rights		29		—		29
Trade names		—		7		7
Total	$36		$7		$43
	2024
Operating permits	$7		$—		$7

(in millions, except year data)	Amount		Weighted-average amortization period
Subject to amortization:
Customer relationships	$3		8 years
Total subject to amortization	$3		8 years
Not subject to amortization:
Trade names		5		N/A
Total	$8

Tables in the 10-K of MARTIN MARIETTA MATERIALS INC

Table 1 after “TABLE OF CONTENTS”

Table 2 after “TABLE OF CONTENTS”

Table 3 after “Division includes Indiana, Iowa, Kansas, Kentucky, Minnesota, Missouri, Nebraska, Ohio, Tennessee and West Virginia. The Southwest Division ”

Table 4 after “Division includes Indiana, Iowa, Kansas, Kentucky, Minnesota, Missouri, Nebraska, Ohio, Tennessee and West Virginia. The Southwest Division ”

Table 5 after “The following presents the Company’s annual production by product line for the last three years.”

Table 6 after “The following sets forth certain information regarding the executive officers of Martin Marietta as of February 19, 2026:”

Table 7 after “Issuer Purchases of Equity Securities”

Table 8 after “The Company’s consolidated operating results and certain operating results as a percentage of revenues are as follows:”

Table 9 after “The following table presents revenues for the Company and its reportable segments by product line for continuing operations:”

Table 10 after “The following table presents gross profit (loss) and gross margin data for the Company by product line for continuing operations:”

Table 11 after “The following table presents a reconciliation of net earnings from continuing operations attributable to Martin Marietta to Adjusted EBITDA ”

Table 12 after “The following table presents a reconciliation of earnings from discontinued operations, net of income tax expense, to Adjusted EBITDA from d”

Table 13 after “The following tables presents a reconciliation of consolidated net earnings attributable to Martin Marietta to Consolidated Adjusted EBITDA:”

Table 14 after “Cash flow information for the Company is as follows:”

Table 15 after “Assumptions are selected on December 31 to calculate the succeeding year’s expense. The assumptions selected at December 31, 2025 are as fol”

Table 16 after “TS AND SUPPLEMENTARY DATA”

Table 17 after “Financial Statements”

Table 18 after “Item 8 – Financial Statements and Supplementary Data”

Table 19 after “Item 8 – Financial Statements and Supplementary Data”

Table 20 after “Item 8 – Financial Statements and Supplementary Data”

Table 21 after “Item 8 – Financial Statements and Supplementary Data”

Table 22 after “The following table reconciles cash, cash equivalents and restricted cash as reported on the consolidated balance sheets to the aggregated a”

Table 23 after “The components of the changes in accumulated other comprehensive earnings (loss) and related cumulative noncurrent deferred tax assets are a”

Table 24 after “Reclassifications out of accumulated other comprehensive loss are as follows:”

Table 25 after “The following table reconciles the denominator for basic and diluted earnings from continuing operations per common share:”

Table 26 after “The following is a summary of the fair values of the assets acquired and liabilities assumed as of April 5, 2024:”

Table 27 after “The following pro forma financial information is for informational purposes only and is not indicative of the results of operations that wou”

Table 28 after “Financial results for the Company's discontinued operations are as follows:”

Table 29 after “Cash flow information for the Company's discontinued operations is as follows:”

Table 30 after “Assets and liabilities held for sale are as follows:”

Table 31 after “Item 8 – Financial Statements and Supplementary Data”

Table 32 after “The following table shows the changes in goodwill by reportable segment and in total:”

Table 33 after “Intangible assets subject to amortization consist of the following:”

Table 34 after “Intangible assets deemed to have an indefinite life that are therefore not amortized consist of the following:”

Table 35 after “2025 were from business combinations and are as follows:”

Table 36 after “The estimated amortization expense for intangible assets for each of the next five years and thereafter is as follows:”

Table 37 after “Note D: Accounts Receivable, Net”

Table 38 after “Note E: Inventories, Net”

Table 39 after “Note F: Property, Plant and Equipment, Net”

Table 40 after “Note G: Debt”

Table 41 after “The Senior Notes are carried net of original issue discount, which is being amortized by the effective interest method over the life of the ”

Table 42 after “years and thereafter are as follows:”

Table 43 after “The components of the Company’s income tax expense from continuing operations are as follows:”

Table 44 after “December 31, 2025, 2024 and 2023 are as follows:”

Table 45 after “The Company’s effective income tax rate on continuing operations varied from the statutory United States income tax rate due to the followin”

Table 46 after “The amounts of income taxes paid (refunded) by the Company are as follows:”

Table 47 after “The principal components of the Company’s deferred tax assets and liabilities are as follows:”

Table 48 after “The net periodic benefit cost of defined benefit plans includes the following components:”

Table 49 after “The Company recognized the following pretax amounts in consolidated comprehensive earnings:”

Table 50 after “Accumulated other comprehensive (earnings) loss includes the following amounts that have not yet been recognized in net periodic benefit cos”

Table 51 after “The defined benefit plans’ change in projected benefit obligation is as follows:”

Table 52 after “The Company’s change in plan assets, funded status and amounts recognized on the Company’s consolidated balance sheets are as follows:”

Table 53 after “The Company’s change in plan assets, funded status and amounts recognized on the Company’s consolidated balance sheets are as follows:”

Table 54 after “The Company’s change in plan assets, funded status and amounts recognized on the Company’s consolidated balance sheets are as follows:”

Table 55 after “Benefit obligations and fair value of plan assets for pension plans with accumulated benefit obligations in excess of plan assets are as fol”

Table 56 after “Weighted-average assumptions used to determine benefit obligations as of December 31 are:”

Table 57 after “Weighted-average assumptions used to determine net periodic benefit cost for the years ended December 31 are:”

Table 58 after “2025 and the actual pension plan asset allocation by asset class are as follows:”

Table 59 after “The fair values of pension plan assets by asset class and fair value hierarchy level are as follows:”

Table 60 after “The expected benefit payments to be paid from plan assets for each of the next five years and the five-year period thereafter are as follows”

Table 61 after “2025:”

Table 62 after “December 31, 2025:”

Table 63 after “December 31, 2025, 2024 and 2023, unrecognized compensation cost for nonvested awards at December 31, 2025 and the weighted-average period o”

Table 64 after “December 31, 2025:”

Table 65 after “The components of lease cost are as follows:”

Table 66 after “The balance sheet classifications of operating and finance leases are as follows:”

Table 67 after “Weighted-average remaining lease terms and discount rates are as follows:”

Table 68 after “December 31, 2025 are as follows:”

Table 69 after “The following shows the changes in asset retirement obligations:”

Table 70 after “December 31, 2025 are as follows:”

Table 71 after “December 31, 2025 are as follows:”

Table 72 after “. Revenues, as presented on the consolidated statements of earnings, reflect the elimination of intersegment revenues, which represent sales”

Table 73 after “Item 8 – Financial Statements and Supplementary Data”

Table 74 after “Item 8 – Financial Statements and Supplementary Data”

Table 75 after “Item 8 – Financial Statements and Supplementary Data”

Table 76 after “The following tables display property additions for the Company's reportable segments:”

Table 77 after “The following tables display property additions for the Company's reportable segments:”

Table 78 after “Item 8 – Financial Statements and Supplementary Data”

Table 79 after “Domestic and foreign revenues are as follows:”

(in millions)
2026	$25
2027		25
2028		25
2029		24
2030		23
Thereafter		294
Total	$416

	Principal Amount (in millions)	Effective Interest Rate	Maturity Date
3.450% Senior Notes	$300	3.55%	June 1, 2027
3.500% Senior Notes	$495	3.61%	December 15, 2027
2.500% Senior Notes	$478	2.71%	March 15, 2030
2.400% Senior Notes	$896	2.48%	July 15, 2031
5.150% Senior Notes	$750	5.33%	December 1, 2034
6.25% Senior Notes	$230	6.32%	May 1, 2037
4.250% Senior Notes	$598	4.32%	December 15, 2047

December 31	Deferred Assets (Liabilities)
(in millions)	2025		2024
Deferred tax assets related to:
Inventories	$163		$147
Valuation and other reserves		65		65
Net operating loss carryforwards		3		2
Accumulated other comprehensive loss		18		41
Lease liabilities		171		147

	Percentage of Plan Assets
		2025
		Target	December 31
Asset Class		Allocation	2025	2024
Equity securities		56%	58%	58%
Debt securities		28%	24%	22%
Real estate		10%	10%	10%
Private infrastructure		6%	7%	8%

	Fair Value Measurements
December 31		Quoted Prices in Active Markets for Identical Assets (Level 1)		Significant Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)	Net Asset Value	Total Fair Value
(in millions)		2025
Equity securities1:
Mid-sized to large cap		$—		$—		$—	$391	$391
Small cap, international and emerging growth funds			—		—		—		425	425
Debt securities1:
Core fixed income			—		—		—		334	334

	Restricted Stock - Service Based		Restricted Stock - Performance Based		Incentive Compensation Stock
	Number of Awards		Weighted- Average Grant-Date Fair Value		Number of Awards		Weighted- Average Grant-Date Fair Value		Number of Awards	Weighted- Average Grant-Date Fair Value
January 1, 2025		191,534		$370.27		88,504		$468.71		15,543	$497.76
Awarded		55,701		$510.86		32,254		$503.38		8,234	$489.84
Distributed		(73,623)		$383.21		(66,977)		$417.26		(4,378)	$367.88
Forfeited		(6,752)		$470.05		(7,545)		$499.19		(377)	$517.31
Adjustment for performance		—		$—		38,268		$417.25		—	$—
December 31, 2025		166,860		$407.46		84,504		$496.69		19,022	$523.83

	Number of Options		Weighted- Average Exercise Price
Outstanding at January 1, 2025		3,623		$154.58
Exercised		(3,623)		$154.58
Outstanding at December 31, 2025		-		$-
Exercisable at December 31, 2025		-		$-

(in millions, except year data)	Restricted Stock (Service- and Performance-Based)	Incentive Compensation Stock	Directors’ Fees Paid in Stock	Total
Stock-based compensation expense recognized for years ended December 31:
2025	$45	$1	$—	$46
2024	$56	$1	$1	$58
2023	$49	$1	$—	$50
Unrecognized compensation cost at December 31, 2025	$28	$1	$—	$29
Weighted-average period over which unrecognized compensation cost will be recognized	2.1 years	1.6 years

	Operating		Finance
(in millions)	Leases		Leases
2026	$80		$28
2027		69		27
2028		58		29
2029		44		25
2030		36		25
Thereafter		208		345

(in millions)
2026	$174
2027		31
2028		13
2029		11
2030		12
Thereafter		32
Total	$273