Latest revenue
$1.76B
as of 2026-03-31
Latest net income
$165.5M
as of 2026-03-31
Net margin
9.4%
as of 2026-03-31
Price · 5Y
Live market
delayed ≤15 min- Market cap
- $34.41B
- Enterprise value
- $38.83B
- P/E (trailing)
- 32.0×
- Forward P/E
- —
- P/B
- 4.07×
- Dividend yield
- 0.8%
- 52-wk high
- $331.09
- 52-wk low
- $252.35
- Beta
- —
- Shares out
- 132.0M
5-year trend
What this company does
Vulcan Materials is the largest US producer of construction aggregates—crushed stone, sand, and gravel—used in roads, buildings, and infrastructure projects. It generates revenue mainly by selling these aggregates plus downstream asphalt mix and ready-mixed concrete to public and private construction markets across major US metros. Q1 2026 revenue rose 7% to $1.76 billion with operating earnings up 17%, while $698 million of assets held for sale signals a pending divestiture reshaping the portfolio.
Generated from VMC's filing dated 2026-02-19
Key risks
- Leverage: $4.36B long-term debt plus new $197M short-term borrowings, while cash fell to $140M from $183M at year-end 2025.
- Legacy Chemicals liabilities continue generating losses ($1.0M Q1 2026), with ongoing general/product liability exposure from 2005-divested business.
- Capital returns outpacing cash generation: $149.5M buybacks plus $67.9M dividends vs. $241M operating cash flow, forcing short-term debt issuance.
Generated from VMC's filing dated 2026-02-19
Profitability
Gross margin
27.4%
1.6%Operating margin
20.4%
10.9%Net margin
13.6%
10.3%Return on equity
12.6%
12.4%Return on assets
6.4%
20.9%Leverage
Debt / equity
0.96×
13.4%Long-term debt / equity
0.51×
15.3%Debt / assets
49.0%
6.8%Earnings tracker
| Quarter | Revenue | YoY | Net income | YoY | Net margin |
|---|---|---|---|---|---|
Q1 2026 2026-03-31 | $1.76B | +7.4% | $165.5M | +28.4% | 9.4% |
Q4 2025 2025-12-31 | $1.91B | +3.2% | $252.0M | -14.2% | 13.2% |
Q3 2025 2025-09-30 | $2.29B | +14.4% | $374.9M | +80.6% | 16.4% |
Q2 2025 2025-06-30 | $2.10B | +4.4% | $320.9M | +4.2% | 15.3% |
Q1 2025 2025-03-31 | $1.63B | +5.8% | $128.9M | +25.5% | 7.9% |
Q4 2024 2024-12-31 | $1.85B | — | $293.6M | — | 15.8% |
Q3 2024 2024-09-30 | $2.00B | -8.3% | $207.6M | -24.9% | 10.4% |
Q2 2024 2024-06-30 | $2.01B | -4.7% | $308.0M | -0.2% | 15.3% |
Year-over-year change vs the same fiscal quarter one year prior. Revenue + net income sourced from SEC 10-Q / 10-K filings — no analyst-consensus dependency.
Industry trend
Mining & Quarrying of Nonmetallic Minerals (No Fuels) · SIC 1400
Your notes
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Insider activity
Insider buying
$0
Insider selling
$10.3M
Net activity
−$10.3M
Distinct insiders
7
Open-market trades over the last 365 days.
Recent transactions
Source: SEC Form 4 filings. Officers, directors, and 10%+ owners must disclose share transactions within two business days. RSU grants and tax-withholding rows are excluded by default — compensation activity is not a trading signal.
Who owns VMC
Institutional value
$19.25B
Total shares held
71.8M
Distinct holders
729
As of
2026-03-31
Filers with $100M+ AUM disclose holdings 45 days after quarter end.
Top institutional holders
| # | Manager | Shares | Value | QoQ change | Action |
|---|---|---|---|---|---|
| 1 | BlackRock, Inc. | 10.0M | $2.71B | — | New |
| 2 | STATE FARM MUTUAL AUTOMOBILE INSURANCE CO | 9.5M | $2.59B | — | New |
| 3 | VANGUARD CAPITAL MANAGEMENT LLC | 8.5M | $2.32B | — | New |
| 4 | VANGUARD PORTFOLIO MANAGEMENT LLC | 7.0M | $1.91B | — | New |
| 5 | PRINCIPAL FINANCIAL GROUP INC | 6.6M | $1.81B | — | New |
| 6 | Clearbridge Investments, LLC | 2.3M | $633.4M | — | New |
| 7 | Egerton Capital (UK) LLP | 1.8M | $481.8M | — | New |
| 8 | PARNASSUS INVESTMENTS, LLC | 1.7M | $471.3M | — | New |
| 9 | Allspring Global Investments Holdings, LLC | 1.4M | $389.7M | — | New |
| 10 | DIMENSIONAL FUND ADVISORS LP | 1.3M | $366.6M | — | New |
| 11 | Invesco Ltd. | 1.1M | $309.6M | — | New |
| 12 | FRANKLIN RESOURCES INC | 992.0K | $270.1M | — | New |
| 13 | Vontobel Holding Ltd. | 821.5K | $223.7M | — | New |
| 14 | Bank of New York Mellon Corp | 781.4K | $212.8M | — | New |
| 15 | VANGUARD FIDUCIARY TRUST CO | 742.6K | $202.2M | — | New |
| 16 | Legal & General Group Plc | 663.7K | $180.7M | — | New |
| 17 | DEUTSCHE BANK AG\ | 627.6K | $170.9M | — | New |
| 18 | UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC | 549.5K | $149.6M | — | New |
| 19 | WELLS FARGO & COMPANY/MN | 530.4K | $144.4M | — | New |
| 20 | UBS Group AG | 450.3K | $122.6M | — | New |
Source: SEC Form 13F-HR. Positions aggregated across sub-managers within each firm. Options (puts/calls) excluded — common stock only.
Top questions investors are asking
- 1
With $698M assets held for sale on the balance sheet, what's the expected divestiture price, timing, and gain/loss versus carrying value?
- 2
Why did you draw $197M in short-term debt while accelerating buybacks to $149.5M—is this signaling confidence or stretching liquidity at $140M cash?
- 3
Aggregates pricing has driven gross margin to 24.1% from 22.3%; how much is price versus mix, and is volume actually declining?
Refreshed when VMC files a new report · last from 2026-02-19