Vulcan Materials Co
VMC - Insider Information
Get informed when a big investor buys or sells
+ FollowMarket Cap$36.95B
Close$
Earnings Call Q3 2026
October 29, 2026 - AI Summary
Q3 fundamentals: resilient aggregates-led performance despite energy headwinds
- Adjusted EBITDA for the quarter: $707M with 20 bps of YoY margin expansion.
- Underlying growth: Adjusted EBITDA for underlying business grew 5%; resilience emphasized despite ~$40M energy cost headwinds in Q3 and excluding impacts from prior-year divestitures of more cyclical downstream businesses.
- Profitability trend: Aggregates cash gross profit per ton continued to compound higher even with higher energy.
Shipments & pricing: mixed demand; price actions offset cost inflation
- Shipments: down ~3% YoY (Q3); management cited prior-year weather favorability (slow start in prior year due to winter/rain, then outsized weather-adjusted shipments).
- Pricing: on a mix-adjusted basis average selling prices up 5% YoY.
- Costs: diesel sharply higher, but excluding diesel aggregates freight-adjusted unit cash cost of sales up 3% YoY; indicates cost-control discipline.
- Commercial execution: ~half of products sold via daily bidding and ~half via fixed plant, with pricing announcements sent earlier to help customers prepare (supports ability to raise prices).
2026 outlook: earnings growth expected; energy headwinds larger than previously expected
- Company expects another year of earnings growth and ~$2.4B adjusted EBITDA.
- Key negative/challenge: over $100M of energy headwinds expected for the year (cited as a major headwind).
- Demand environment for 2026 described as muted but stable, with public activity healthy and private non-residential remaining supportive; residential remains challenged due to affordability/rate environment.
Exclusive for Stockcircle Pro members
Sign up
$170.69
42.7% downside
Current Fair Value
42.7% downsideOvervalued by 42.7% based on the discounted cash flow analysis.
Insider Trades
Loading insider trades…
Congress Trades
Loading congress trades…
Share Statistics
| Market cap | $36.95 Billion |
|---|---|
| Enterprise Value | $41.76 Billion |
| Annual dividend | $2.05 |
| Dividend yield | 0.73% |
| Earnings per Share | $8.15 |
| Beta | 1.05 |
| Outstanding Shares | 129,100,000 |
Return
| Return on Equity | 13.03% |
|---|---|
| Return on Assets | 6.71% |
| Return on Invested Capital | 10.62% |
Valuation & Multiples
| P/E Ratio | 33.21 |
|---|---|
| PEG | -745.06 |
| Price to Sales | 4.8 |
| Price to Book Ratio | 4.58 |
| Enterprise Value to Revenue | 5.21 |
| Enterprise Value to EBIT | 25.85 |
| Enterprise Value to Net Income | 37 |
| Total Debt to Enterprise | 0.12 |
| Debt to Equity | 0.59 |
Revenue Sources
No data
Last Earnings Call
Report Date
October 29, 2026
EPS Estimate
$2.81
Consensus analyst estimateRevenue Estimate
$2.24 B
Consensus analyst estimateNext Earnings Call
Expected Date
February 16, 2027
EPS Estimate
$2.06
Consensus analyst estimateRevenue Estimate
$1.94 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▼ 33.90% |
|---|---|
| Total Calls | -▼ 100.00% |
| Total Puts | -▼ 100.00% |
Institutional Ownership
Holdings and activity of institutional investors.
| Ownership % | 5.57%▼ 93.48% |
|---|---|
| Total Invested | $1.77B▼ 95.35% |
| Investors Holding | 340▼ 756.00% |
About Vulcan Materials Co
8,373 employees
CEO: J. Thomas Hill
Vulcan Materials Company, a member of the S&P 500 index with headquarters in Birmingham, Alabama, is the nation's largest producer of construction aggregates – primarily crushed stone, sand and gravel – and a major producer of aggregates...