Martin Marietta Materials, Inc.
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+ FollowMarket Cap$33.75B
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Earnings Call Q2 2026
July 30, 2026 - AI Summary
Strong Q2 operating performance; raises full-year guidance
- Record Q2 revenue and record adjusted EBITDA (from continuing ops).
- Aggregates revenue: $1.5B (+16%); total shipments 61.6M tons (+17%) with organic shipments +2.3%; organic ASP (mix-adjusted) +3.7%, reported ASP -2% largely due to mix + acquisitions.
- Safety: achieved the best first-half safety performance in company history (TIR and LTI rates).
- Updated outlook (2026): revenue guidance raised to $7.2B–$7.4B and adjusted EBITDA from continuing ops reaffirmed/raised to $2.36B–$2.5B. Does not include LNA (pending transaction).
SOAR 2030 execution: quantified cash improvements + Precision IQ rollout
- Identified ~$350M run-rate pretax cash flow improvement opportunities driven by asset utilization, network optimization, and lower sustaining capital.
- Year-to-date cash benefits > $200M already achieved from disciplined inventory management and reduced capital spending.
- Commercial/Execution: completed enterprise rollout of Precise IQ (mobile quoting + pricing algorithm) in June, designed to improve pricing precision and responsiveness and standardize go-to-market execution.
Key business drivers & what’s “good” operationally
- Organic aggregates cost performance: organic COGS per ton +3.6% (includes ~150 bps headwind from higher pass-through external freight). Controllable cost growth was below implied ~3% guidance.
- Management emphasized that energy spike is the main drag; excluding energy-related pressure, COGS would have been ~flat—a positive indicator for underlying cost discipline.
- Specialties (lime): record Q2 revenues/gross profit, driven by pricing and acquisitions; highlighted Woodville, Ohio resilience through downturns and demonstrated compounding profitability (e.g., Q2 gross profit +7% YoY to a record).
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$343.11
38.4% downside
Current Fair Value
38.4% downsideOvervalued by 38.4% based on the discounted cash flow analysis.
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Share Statistics
| Market cap | $33.75 Billion |
|---|---|
| Enterprise Value | $39.59 Billion |
| Annual dividend | $3.33 |
| Dividend yield | 0.62% |
| Earnings per Share | $18.85 |
| Beta | 1.09 |
| Outstanding Shares | 60,100,000 |
Return
| Return on Equity | 21.32% |
|---|---|
| Return on Assets | 11.56% |
| Return on Invested Capital | 7.14% |
Valuation & Multiples
| P/E Ratio | 13.25 |
|---|---|
| PEG | -60.37 |
| Price to Sales | 5.01 |
| Price to Book Ratio | 2.9 |
| Enterprise Value to Revenue | 5.92 |
| Enterprise Value to EBIT | 28.34 |
| Enterprise Value to Net Income | 16 |
| Total Debt to Enterprise | 0.15 |
| Debt to Equity | 0.52 |
Revenue Sources
No data
Last Earnings Call
Report Date
November 4, 2026
EPS Estimate
$5.99
Consensus analyst estimateRevenue Estimate
$2.24 B
Consensus analyst estimateInstitutional Put/Call Ratio
Compares institutional put options with call options. At 0.00, the ratio is below 1, so institutions hold more calls than puts.
| Put/Call Ratio | 0.0000▼ 42.68% |
|---|---|
| Total Calls | -▼ 100.00% |
| Total Puts | -▼ 100.00% |
Institutional Ownership
Holdings and activity of institutional investors.
| Ownership % | 3.72%▼ 95.51% |
|---|---|
| Total Invested | $1.06B▼ 96.92% |
| Investors Holding | 344▼ 750.00% |
About Martin Marietta Materials, Inc.
9,600 employees
CEO: C. Howard Nye
Martin Marietta Materials, Inc. is a leading producer of natural resource-derived construction materials, serving the building industry both domestically within the United States and on an international scale. Its extensive product portf...