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Screener / SEC EDGAR /CIK 0000916076 /10-K filed Feb 19, 2026, compared with Feb 21, 2025 /Numbers from the XBRL of the 10-Ks
Materials peers:
MLMALBCFPKGAVYVMC
NYSE Materials · Aggregates

Martin Marietta Materials MLM

MLM quote by TradingView

Martin Marietta Materials, Inc. (the Company or Martin Marietta) is a leading natural resource-based building materials company. 10-K, Item 1

Headquarters
Raleigh, NC
CEO
C. Howard Nye
Next results
around Feb 10, 2027
Compare with peers Embed

Where each dollar of revenue went, FY2025

Revenue of $6.2B through the costs to a net profit of $1.1B · income statement of the 10-K

23% operating margin
Revenue to Gross profit: $1.9BRevenue to Cost of revenue: $4.3BGross profit to Operating profit: $1.4BGross profit to Operating expenses: $452.0MOperating profit to Net profit: $1.1BOperating profit to Tax & other: $300.0M Revenue: $6.2B REVENUE $6.2B +9% Y/Y Gross profit: $1.9B · 31% margin GROSS PROFIT $1.9B 31% margin · +15% Y/Y Cost of revenue: $4.3B · 69% of revenue COST OF REVENUE $4.3B 69% of revenue Operating profit: $1.4B · 23% margin OPERATING PROFIT $1.4B 23% margin · −42% Y/Y Operating expenses: $452.0M · 7% of revenue OPERATING EXPENSES $452.0M 7% of revenue Net profit: $1.1B · 18% margin NET PROFIT $1.1B 18% margin · −43% Y/Y Tax & other: $300.0M · 5% of revenue TAX & OTHER $300.0M 5% of revenue
Gross profit $1.9B 31% margin · +15% Y/Y
Operating profit $1.4B 23% margin · −42% Y/Y
Net profit $1.1B 18% margin · −43% Y/Y
The full income statement, year by year

MLM among Materials peers

Six ratios from the latest 10-K. Each corner is the share of 23 peers the company is above, not a score.

Compare
Revenue growth: 8.6%, above 74% of 23 peers (their median 3.6%) REVENUE GROWTH 8.6% · above 74% Gross margin: 26.7%, above 47% of 19 peers (their median 27.5%) GROSS MARGIN 26.7% · above 47% Operating margin: 18.2%, above 73% of 15 peers (their median 11.2%) OPERATING MARGIN 18.2% · above 73% Net margin: 31.9%, above 96% of 23 peers (their median 8.8%) NET MARGIN 31.9% · above 96% FCF margin: 12.1%, above 78% of 23 peers (their median 6.8%) FCF MARGIN 12.1% · above 78% Return on capital: 3.8%, above 9% of 11 peers (their median 9.5%) RETURN ON CAPITAL 3.8% · above 9%
MLM Peer median Below the median

What changed

45 new risk paragraphs and 1 accounting fact worth reading about. 10-K filed Feb 19, 2026 against Feb 21, 2025.

Risk factors
45 new paragraphs, nothing like them in the previous 10-K
10-K Item 1A
Critical audit matters changed
New this year: Valuation of the Projected Benefit Obligation - Defined Benefit Pension Plans (“As described in Note J to the consolidated financial statements, the Company’s net projected benefit obligation for defined benefit pension plans was $1,008 million as of December 31, 2025. As disclosed by management, annually, as of December 31, management remeasures the defined benefit pension pla”). No longer listed: Acquisition of BWI Southeast - Valuation of Mineral Reserves
10-K · XBRL
Accounting checks
10 other checks clear, 1 worth a look
10-K · XBRL
Insiders
No open-market buys in the last 90 days
Form 4
Filings
3 in the last 30 days
EDGAR

Each row opens the detail with the quote and the filing. A row is a change worth reading, not a verdict.

Accounting checks

11 checks on the latest 10-K. Checks, not verdicts.

How it works

1fact worth reading about the other 10 checks found nothing to note

  • Critical audit matters changed
    New this year: Valuation of the Projected Benefit Obligation - Defined Benefit Pension Plans (“As described in Note J to the consolidated financial statements, the Company’s net projected benefit obligation for defined benefit pension plans was $1,008 million as of December 31, 2025. As disclosed by management, annually, as of December 31, management remeasures the defined benefit pension pla”). No longer listed: Acquisition of BWI Southeast - Valuation of Mineral Reserves
  • Receivables +6.6% vs revenue +8.6% (-2.0 pts)
9 more checks with nothing to note
  • Cash from operations $1.8B vs net income $1.1B (FY ending Dec 31, 2025)
  • Inventory +5.9% vs revenue +8.6% (-2.7 pts)
  • Same auditor in both 10-Ks: PricewaterhouseCoopers LLP
  • No statement of substantial doubt about going concern
  • No 8-K item 4.02 in the last 2 years
  • No NT 10-K or NT 10-Q in the last 2 years
  • No sentence in the 10-K concludes that controls were not effective because of a material weakness
  • No 8-K item 2.06 in the last 2 years
  • No 8-K item 1.03 in the last 2 years

In their words

45 paragraphs in Risk Factors that were not in the 10-K filed Feb 21, 2025. Quoted as filed.

All 45 new paragraphs
  1. Item 1A · new paragraph · not in the 10-K filed Feb 21, 2025 10-K, ITEM 1A
    Our business depends on construction activity, which is cyclical and sensitive to macroeconomic, funding and operating conditions. Demand for our construction materials is inherently cyclical and may decline or become more volatile due to economic and political uncertainty, elevated interest rates and inflation, reduced housing…
  2. Item 1A · new paragraph · not in the 10-K filed Feb 21, 2025 10-K, ITEM 1A
    In addition, reductions in defense spending and declines in energy-related construction could lower demand in certain markets and adversely affect our business. A portion of our aggregates and downstream shipments is tied to construction activity funded by, or adjacent to, U.S. Department of Defense installations and to private…
  3. Item 1A · new paragraph · not in the 10-K filed Feb 21, 2025 10-K, ITEM 1A
    Widespread declines in aggregates pricing could adversely affect our business, financial condition, and results of operations. Aggregates pricing is set locally and is sensitive to supply-demand conditions within each market. A broad decline in construction activity or shifts in project timing can reduce shipment volumes and intensify…
  4. Item 1A · new paragraph · not in the 10-K filed Feb 21, 2025 10-K, ITEM 1A
    We expect to continue to pursue acquisitions, joint ventures, leaseholds, licenses and other strategic transactions to strengthen our existing locations, expand our operations and enter new geographic markets. The success of this strategy depends on our ability to identify, evaluate, negotiate, finance, close, and integrate…

New risk paragraphs, against peers

Latest 10-K of each, Materials companies closest in revenue

Paragraphs in Risk Factors with nothing like them in the company's 10-K the year before. A count of text, not of risk.

Financial performance

Last 4 fiscal years · 10-K XBRL

All years
MetricFY2022FY2023FY2024FY2025
Revenue$6.2B$5.9B$5.7B$6.2B
Net income$867.0M$1.2B$2.0B$1.1B
Operating cash flow$991.0M$1.5B$1.5B$1.8B
Free cash flow$509.0M$878.0M$604.0M$978.0M

Revenue, FY2016 to FY2025

Ten fiscal years, each from its own 10-K · XBRL · USD

$6.2B ▲ 8.6% in FY2025

FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Every number, year by year

Recent filings

3 filings in the last 30 days · SEC EDGAR

All filings

About the company

Martin Marietta Materials, Raleigh, NC · from the 10-K filed Feb 19, 2026

Martin Marietta Materials, Inc. (the Company or Martin Marietta) is a leading natural resource-based building materials company. The Company supplies aggregates (crushed stone, sand and gravel) through its network of approximately 400 quarries, mines and distribution yards in 28 states, Canada and The Bahamas. In 2025, aggregates generated 88% of the Company’s total reportable segment gross profit. As of December 31, 2025, Martin Marietta also provides other building materials, namely, cement, ready mixed concrete, asphalt and paving services in targeted markets where the Company has a notable aggregates position.

Headquarters
Raleigh, NC
Country
United States
Reports in
USD
Listed on
NYSE
Fiscal year ends
December 31
Last results
Nov 4, 2026
Incorporated in
NC

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Sources

The 10-K filed Feb 19, 2026 (open at SEC), compared with the 10-K filed Feb 21, 2025. Numbers from the XBRL of the 10-Ks; filings from SEC EDGAR.

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