Where it stands
MLM among the 24 companies we cover
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MLM and 9 peers, year by year
The 9 Materials companies closest to MLM in revenue over the last twelve months. Every number is from the 10-K and links to it in SEC's Inline XBRL viewer.
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| Company | Year | Revenue | Sales growth | Gross margin | Operating margin | Net margin | FCF margin | Return on equity | Debt / equity |
|---|---|---|---|---|---|---|---|---|---|
| MLM Martin Marietta Materials | FY2025 | $6.2B | +8.6% | 30.7% | 23.4% | 18.5% | 15.9% | 11.3% | 0.53 |
| CF CF Industries | FY2025 | $7.1B | +19.3% | 38.5% | 32.5% | 20.5% | 25.4% | 30.1% | 0.66 |
| VMC Vulcan Materials Company | FY2025 | $7.9B | +7.1% | 27.4% | 20.4% | 13.6% | 14.3% | 12.6% | 0.51 |
| ALB Albemarle Corporation | FY2025 | $5.1B | −4.4% | 13.0% | −7.1% | −9.9% | 13.5% | −5.4% | 0.33 |
| AVY Avery Dennison | FY2025 | $8.9B | +1.1% | 28.8% | - | 7.8% | 8.0% | 30.7% | 1.66 |
| PKG Packaging Corporation of America | FY2025 | $9.0B | +7.2% | 21.0% | 12.3% | 8.6% | 8.1% | 16.8% | 0.87 |
| IFF International Flavors & Fragrances | FY2025 | $10.9B | −5.2% | 36.2% | −3.5% | −3.3% | 2.4% | −2.6% | 0.42 |
| MOS Mosaic | FY2025 | $12.1B | +8.4% | 15.8% | 6.8% | 4.5% | −4.4% | 4.5% | 0.42 |
| APD Air Products | FY2025 | $12.0B | −0.5% | - | −7.3% | −3.3% | −31.3% | −2.6% | 1.18 |
| BALL Ball Corporation | FY2025 | $13.2B | +11.6% | - | - | 6.9% | 6.0% | 16.8% | 1.29 |
Revenue, FY2021 to FY2025
Revenue as reported in the 10-K.| Company | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|
| MLM Dec | $5.4B | $6.2B | $5.9B | $5.7B | $6.2B |
| CF Dec | $6.5B | $11.2B | $6.6B | $5.9B | $7.1B |
| VMC Dec | $5.6B | $7.3B | $7.8B | $7.4B | $7.9B |
| ALB Dec | $7.3B | - | $9.6B | $5.4B | $5.1B |
| AVY Dec | $8.4B | $9.0B | $8.4B | $8.8B | $8.9B |
| PKG Dec | $7.7B | $8.5B | $7.8B | $8.4B | $9.0B |
| IFF Dec | $11.7B | $12.4B | $11.5B | $11.5B | $10.9B |
| MOS Dec | $12.4B | $19.1B | $13.7B | $11.1B | $12.1B |
| APD Sep | $10.3B | $12.7B | $12.6B | $12.1B | $12.0B |
| BALL Dec | $13.8B | $15.3B | $14.0B | $11.8B | $13.2B |
| Peer median | $8.4B | $11.8B | $9.6B | $8.8B | $9.0B |
Sales growth, FY2021 to FY2025
Revenue against the fiscal year before.| Company | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|
| MLM Dec | +14.5% | +13.8% | +10.0% | −3.2% | +8.6% |
| CF Dec | +58.5% | +71.1% | −40.7% | −10.5% | +19.3% |
| VMC Dec | +14.3% | +31.8% | +6.4% | −4.7% | +7.1% |
| ALB Dec | +120% | - | +31.4% | −44.1% | −4.4% |
| AVY Dec | +20.6% | +7.5% | −7.5% | +4.7% | +1.1% |
| PKG Dec | +16.1% | +9.7% | −8.0% | +7.4% | +7.2% |
| IFF Dec | +129% | +6.7% | −7.7% | 0.0% | −5.2% |
| MOS Dec | +42.3% | +54.8% | −28.4% | −18.8% | +8.4% |
| APD Sep | +16.6% | +23.0% | −0.8% | −4.0% | −0.5% |
| BALL Dec | +17.2% | +11.1% | −9.8% | −2.2% | +11.6% |
| Peer median | +20.6% | +17.1% | −7.7% | −4.0% | +7.1% |
Gross margin, FY2021 to FY2025
Gross profit / revenue.| Company | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|
| MLM Dec | 24.9% | 23.1% | 29.8% | 28.9% | 30.7% |
| CF Dec | 36.5% | 52.4% | 38.4% | 34.6% | 38.5% |
| VMC Dec | 24.7% | 21.3% | 25.0% | 27.0% | 27.4% |
| ALB Dec | 42.0% | - | 12.3% | 1.2% | 13.0% |
| AVY Dec | 27.5% | 26.6% | 27.2% | 28.9% | 28.8% |
| PKG Dec | 24.2% | 24.7% | 21.8% | 21.3% | 21.0% |
| IFF Dec | 32.0% | 33.4% | 32.1% | 35.9% | 36.2% |
| MOS Dec | 25.9% | 30.1% | 16.1% | 13.6% | 15.8% |
| APD Sep | - | - | - | - | - |
| BALL Dec | - | - | - | - | - |
| Peer median | 27.5% | 28.3% | 25.0% | 27.0% | 27.4% |
Operating margin, FY2021 to FY2025
Operating income / revenue.| Company | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|
| MLM Dec | 18.0% | 19.6% | 22.8% | 43.8% | 23.4% |
| CF Dec | 26.4% | 48.2% | 33.6% | 29.4% | 32.5% |
| VMC Dec | 18.2% | 13.0% | 18.3% | 18.4% | 20.4% |
| ALB Dec | 33.7% | - | 2.6% | −33.0% | −7.1% |
| AVY Dec | - | - | - | - | - |
| PKG Dec | 16.1% | 16.8% | 13.8% | 13.1% | 12.3% |
| IFF Dec | 5.0% | −10.7% | −18.4% | 6.7% | −3.5% |
| MOS Dec | 20.0% | 25.0% | 9.8% | 5.6% | 6.8% |
| APD Sep | 22.1% | 18.4% | 19.8% | 36.9% | −7.3% |
| BALL Dec | 9.3% | 7.9% | 9.1% | - | - |
| Peer median | 19.1% | 16.8% | 11.8% | 13.1% | 6.8% |
Net margin, FY2021 to FY2025
Net income / revenue.| Company | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|
| MLM Dec | 13.0% | 14.1% | 20.0% | 35.2% | 18.5% |
| CF Dec | 14.0% | 29.9% | 23.0% | 20.5% | 20.5% |
| VMC Dec | 12.1% | 7.9% | 12.0% | 12.3% | 13.6% |
| ALB Dec | 36.7% | - | 16.4% | −21.9% | −9.9% |
| AVY Dec | 8.8% | 8.4% | 6.0% | 8.1% | 7.8% |
| PKG Dec | 10.9% | 12.1% | 9.8% | 9.6% | 8.6% |
| IFF Dec | 2.3% | −15.0% | −22.6% | 2.3% | −3.3% |
| MOS Dec | 13.2% | 18.7% | 8.5% | 1.6% | 4.5% |
| APD Sep | 20.3% | 17.8% | 18.3% | 31.6% | −3.3% |
| BALL Dec | 6.4% | 4.7% | 5.0% | 34.0% | 6.9% |
| Peer median | 12.1% | 10.3% | 9.8% | 9.6% | 6.9% |
Free cash flow, FY2021 to FY2025
Cash from operations minus capital spending.| Company | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|
| MLM Dec | $714.6M | $509.0M | $878.0M | $604.0M | $978.0M |
| CF Dec | $2.4B | $3.4B | $2.3B | $1.8B | $1.8B |
| VMC Dec | $560.6M | $535.6M | $664.2M | $806.1M | $1.1B |
| ALB Dec | $646.2M | - | −$828.0M | −$992.7M | $692.5M |
| AVY Dec | $791.8M | $682.9M | $560.7M | $730.0M | $712.4M |
| PKG Dec | $489.0M | $670.8M | $845.4M | $521.5M | $728.6M |
| IFF Dec | $1.0B | −$107.0M | $952.0M | $607.0M | $256.0M |
| MOS Dec | $898.4M | $2.7B | $1.0B | $47.4M | −$534.6M |
| APD Sep | $871.0M | $244.1M | −$1.4B | −$3.1B | −$3.8B |
| BALL Dec | $34.0M | −$1.4B | $818.0M | −$369.0M | $788.0M |
| Peer median | $791.8M | $603.2M | $818.0M | $521.5M | $712.4M |
FCF margin, FY2021 to FY2025
Free cash flow / revenue.| Company | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|
| MLM Dec | 13.2% | 8.3% | 15.0% | 10.7% | 15.9% |
| CF Dec | 36.1% | 30.4% | 34.1% | 29.5% | 25.4% |
| VMC Dec | 10.1% | 7.3% | 8.5% | 10.9% | 14.3% |
| ALB Dec | 8.8% | - | −8.6% | −18.5% | 13.5% |
| AVY Dec | 9.4% | 7.6% | 6.7% | 8.3% | 8.0% |
| PKG Dec | 6.3% | 7.9% | 10.8% | 6.2% | 8.1% |
| IFF Dec | 9.0% | −0.9% | 8.3% | 5.3% | 2.4% |
| MOS Dec | 7.3% | 14.1% | 7.3% | 0.4% | −4.4% |
| APD Sep | 8.4% | 1.9% | −11.3% | −26.0% | −31.3% |
| BALL Dec | 0.2% | −8.8% | 5.8% | −3.1% | 6.0% |
| Peer median | 8.8% | 7.4% | 7.3% | 5.3% | 8.0% |
Return on equity, FY2021 to FY2025
Net income / shareholders' equity at the year end.| Company | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|
| MLM Dec | 10.7% | 12.1% | 14.6% | 21.1% | 11.3% |
| CF Dec | 28.6% | 66.2% | 26.7% | 24.4% | 30.1% |
| VMC Dec | 10.2% | 8.3% | 12.5% | 11.2% | 12.6% |
| ALB Dec | 33.7% | - | 16.7% | −11.8% | −5.4% |
| AVY Dec | 38.5% | 37.3% | 23.6% | 30.5% | 30.7% |
| PKG Dec | 23.3% | 28.1% | 19.1% | 18.3% | 16.8% |
| IFF Dec | 1.3% | −10.6% | −17.7% | 1.9% | −2.6% |
| MOS Dec | 15.4% | 29.7% | 9.5% | 1.5% | 4.5% |
| APD Sep | 15.5% | 17.2% | 16.1% | 22.5% | −2.6% |
| BALL Dec | 24.2% | 20.8% | 18.8% | 68.4% | 16.8% |
| Peer median | 23.3% | 24.4% | 16.7% | 18.3% | 12.6% |
Debt / equity, FY2021 to FY2025
Total debt / shareholders' equity at the year end.| Company | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|
| MLM Dec | 0.78 | 0.70 | 0.54 | 0.57 | 0.53 |
| CF Dec | 1.08 | 0.59 | 0.52 | 0.60 | 0.66 |
| VMC Dec | 0.59 | 0.79 | 0.52 | 0.65 | 0.51 |
| ALB Dec | 0.40 | - | 0.44 | 0.35 | 0.33 |
| AVY Dec | 1.61 | 1.40 | 1.38 | 1.12 | 1.66 |
| PKG Dec | 0.69 | 0.68 | 0.72 | 0.57 | 0.87 |
| IFF Dec | 0.54 | 0.61 | 0.68 | 0.64 | 0.42 |
| MOS Dec | 0.40 | 0.30 | 0.31 | 0.37 | 0.42 |
| APD Sep | 0.54 | 0.53 | 0.72 | 0.84 | 1.18 |
| BALL Dec | 2.13 | 2.59 | 2.27 | 0.97 | 1.29 |
| Peer median | 0.59 | 0.64 | 0.68 | 0.64 | 0.66 |
EPS (diluted), FY2021 to FY2025
Diluted earnings per share, on today's share count after splits.| Company | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|
| MLM Dec | $11.22 | $13.87 | $18.82 | $32.41 | $18.77 |
| CF Dec | $4.24 | $16.38 | $7.87 | $6.74 | $8.97 |
| VMC Dec | $5.02 | $4.31 | $6.98 | $6.85 | $8.11 |
| ALB Dec | $22.84 | - | $13.36 | −$11.20 | −$5.76 |
| AVY Dec | $8.83 | $9.21 | $6.20 | $8.73 | $8.79 |
| PKG Dec | $8.83 | $11.03 | $8.48 | $8.93 | $8.58 |
| IFF Dec | $1.10 | −$7.32 | −$10.14 | $1.04 | −$1.41 |
| MOS Dec | $4.27 | $10.06 | $3.50 | $0.55 | $1.70 |
| APD Sep | $9.43 | $10.14 | $10.33 | $17.18 | −$1.77 |
| BALL Dec | $2.65 | $2.25 | $2.23 | $13.00 | $3.30 |
| Peer median | $5.02 | $9.64 | $6.98 | $6.85 | $3.30 |
Fiscal years are lined up as each company's 10-K names them; the month next to a ticker is when its year ends. Hover a number for the XBRL line items and the filing; click it to open the filing on sec.gov. "n/m" means not meaningful: equity below zero, or a base so close to zero that the ratio says nothing. The peer median leaves out MLM and needs at least three peers with the number. P/E, P/S and P/FCF at each year end appear here once the site has daily prices. What the same companies write about AI, tariffs and more →
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