# Martin Marietta Materials Inc. (MLM) fundamentals

Data as of 2026-09-08. NYSE, United States. Sector: Basic Materials / Construction Materials. Price $514.77, market value $36.6 billion.

## Valuation
- **P/E (trailing): 33.4×** (5-yr avg 27.4×, 3-yr avg 25.0×). Martin Marietta Materials Inc. trades at 33.4× trailing earnings, well above its own five-year average of 27.4×: investors are paying up relative to the company's past. The Basic Materials median in the September 2026 study was 19.0×. Forward P/E is 23.9×, lower than trailing, so analysts expect earnings to grow.
- **Price / sales: 5.6×**. Each dollar of revenue is priced at 5.6×.
- **Price / book: 2.7×**. The shares trade at 2.7× book value; book value is a meaningful part of the valuation.
- **EV / EBITDA: 20.7×**. Enterprise value is 20.7× operating earnings before depreciation, the multiple that ignores how the company is financed; above 20× is demanding.
- **Free-cash-flow yield: 2.2%** (5-yr avg 2.5%). Free cash flow equals 2.2% of the market value, in line with its five-year average of 2.5%.
- **Earnings yield: 3.0%**. The inverse of the P/E: 3.0% of the price is earned each year.

## Profitability
- **Gross margin: 28.3%**. Martin Marietta Materials Inc. keeps 28.3% of revenue after the direct cost of what it sells.
- **Operating margin: 20.6%**. 20.6% of revenue is left after running the business, a healthy level in most sectors.
- **Net margin: 18.5%**. 18.5% of each dollar of sales reaches the bottom line.
- **Return on equity: 11.3%**. 11.3% on shareholders' equity is solid.
- **Return on invested capital: 6.9%**. Return on all capital, debt included, is 6.9%.
- **Return on assets: 13.1%**. Each dollar of assets produces 13.1% of profit.

## Growth
- **Revenue growth (1 yr): 8.6%** (3-yr -0.1%/yr, 5-yr 5.4%/yr). Revenue grew 8.6% over the last year, against 5.4% a year compounded over five years: growth is accelerating.
- **EPS growth (1 yr): -42.1%** (3-yr 10.6%/yr, 5-yr 10.2%/yr). Earnings per share fell 42.1%, slower than revenue, so margins compressed.
- **Free-cash-flow growth (3 yr): 24.3%/yr**. Free cash flow has compounded at 24.3% a year over three years, keeping pace with earnings: the growth is real cash.

## Financial health
- **Debt to equity: 0.53**. Debt is 0.53 times equity, moderate leverage.
- **Net debt / EBITDA: 2.6×**. It would take 2.6 years of operating earnings to repay net borrowings, within the comfortable range.
- **Altman Z-score: 3.86**. A Z-score of 3.86 places the company in the safe zone for bankruptcy risk.
- **Piotroski F-score: 7/9**. 7 of 9 fundamental checks pass: strong and improving financials.

## Dividends
- **Dividend yield: 0.65%** ($3.32 per share, trailing). Martin Marietta Materials Inc. yields 0.65%, a modest yield more typical of a growth-oriented payer.
- **Payout ratio: 17%** (25% of free cash flow). 17% of earnings goes out as dividends, leaving room to keep raising it.
- **Consecutive years of increases: 26**. 26 straight years of increases (the data covers 26 years, so this may be longer): a record very few companies hold.
- **Dividend growth (5 yr): 7.7%/yr** (1-yr 5.9%). The dividend has grown 7.7% a year over five years.

## Analyst view
- **Analyst consensus: buy** (24 analysts). 24 analysts cover Martin Marietta Materials Inc.; the consensus is buy, with an average price target of $661.54 (+29% from the current price). Analyst opinion is shown for context; it is not part of the Fundamental Score.

## Price and momentum
- **Total return (1 yr): -16.5%** (YTD -17.1%, 3-mo -10.6%). The shares are down 16.5% over twelve months including dividends.
- **From 52-week high: -27.6%** (2.4% above the low). Trading 28% below its 52-week high.
- **200-day average: below**. The price sits below its 200-day moving average, the usual definition of a downtrend.
- **RSI (14-day): 41**. An RSI of 41 is neutral.
- **Beta (1 yr): 0.85** (volatility 28%). Beta of 0.85 against the S&P 500: the shares move roughly with the market.

Live score and charts: https://foliofundamentals.com/analyzer?s=MLM · Page: https://foliofundamentals.com/stocks/mlm

Not investment advice.