Vulcan Matrls Financials
Financial Health Signals
Based on FY2024 annual data. Scores normalized against common benchmarks. How we calculate these scores
Vulcan Matrls has an operating margin of 18.4%, meaning the company retains $18 of operating profit per $100 of revenue. This strong profitability earns a score of 92/100, reflecting efficient cost management and pricing power. This is up from 18.3% the prior year.
Vulcan Matrls's revenue declined 4.7% year-over-year, from $7.8B to $7.4B. This contraction results in a growth score of 15/100.
Vulcan Matrls carries a low D/E ratio of 0.60, meaning only $0.60 of long-term debt for every $1 of shareholders' equity. This conservative leverage earns a score of 89/100, indicating a strong balance sheet with room for future borrowing.
Vulcan Matrls's current ratio of 1.83 indicates adequate short-term liquidity, earning a score of 53/100. The company can meet its near-term obligations, though with limited headroom.
Vulcan Matrls has a free cash flow margin of 10.9%, earning a moderate score of 54/100. The company generates positive cash flow after capital investments, but with room for improvement.
Vulcan Matrls's ROE of 11.2% shows moderate profitability relative to equity, earning a score of 45/100. This is down from 12.5% the prior year.
Vulcan Matrls scores 4.09, well above the 2.99 safe threshold. The score is driven primarily by a large market capitalization ($43.3B) relative to total liabilities ($9.0B). This indicates low bankruptcy risk based on profitability, leverage, and asset efficiency.
Vulcan Matrls passes 5 of 9 financial strength tests. 3 of 4 profitability signals pass, 1 of 3 leverage/liquidity signals pass, 1 of 2 efficiency signals pass.
For every $1 of reported earnings, Vulcan Matrls generates $1.55 in operating cash flow ($1.4B OCF vs $911.9M net income). This indicates profits are well-supported by actual cash generation, not accounting adjustments.
Vulcan Matrls earns $7.1 in operating income for every $1 of interest expense ($1.4B vs $191.2M). This wide margin provides strong safety for debt servicing, even if earnings decline temporarily.
This page shows Vulcan Matrls (VMC) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 18 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).
Key Financial Metrics
Vulcan Matrls generated $7.4B in revenue in fiscal year 2024. This represents a decrease of 4.7% from the prior year.
Vulcan Matrls's EBITDA was $2.0B in fiscal year 2024, measuring earnings before interest, taxes, depreciation, and amortization. This represents a decrease of 2.3% from the prior year.
Vulcan Matrls generated $806.1M in free cash flow in fiscal year 2024, representing cash available after capex. This represents an increase of 21.4% from the prior year.
Vulcan Matrls reported $911.9M in net income in fiscal year 2024. This represents a decrease of 2.3% from the prior year.
Vulcan Matrls earned $6.85 per diluted share (EPS) in fiscal year 2024. This represents a decrease of 1.9% from the prior year.
Vulcan Matrls held $559.7M in cash against $4.9B in long-term debt as of fiscal year 2024.
Vulcan Matrls paid $1.84 per share in dividends in fiscal year 2024. This represents an increase of 7.0% from the prior year.
Vulcan Matrls had 132M shares outstanding in fiscal year 2024. This represents a decrease of 0.1% from the prior year.
Vulcan Matrls's gross margin was 27.0% in fiscal year 2024, indicating the percentage of revenue retained after direct costs. This is up 1.9 percentage points from the prior year.
Vulcan Matrls's operating margin was 18.4% in fiscal year 2024, reflecting core business profitability. This is up 0.1 percentage points from the prior year.
Vulcan Matrls's net profit margin was 12.3% in fiscal year 2024, showing the share of revenue converted to profit. This is up 0.3 percentage points from the prior year.
Vulcan Matrls's ROE was 11.2% in fiscal year 2024, measuring profit generated per dollar of shareholder equity. This is down 1.2 percentage points from the prior year.
Vulcan Matrls spent $68.8M on share buybacks in fiscal year 2024, returning capital to shareholders by reducing shares outstanding. This represents a decrease of 65.6% from the prior year.
Vulcan Matrls invested $603.5M in capex in fiscal year 2024, funding long-term assets and infrastructure. This represents a decrease of 30.8% from the prior year.
VMC Income Statement
| Metric | Q3'25 | Q2'25 | Q1'25 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $2.3B+9.0% | $2.1B+28.6% | $1.6B-11.8% | $1.9B-8.0% | $2.0B+30.3% | $1.5B-15.7% | $1.8B-16.1% | $2.2B |
| Cost of Revenue | $1.6B+7.9% | $1.5B+16.4% | $1.3B-3.6% | $1.3B-7.4% | $1.4B+14.6% | $1.2B-8.9% | $1.4B-14.6% | $1.6B |
| Gross Profit | $697.2M+11.5% | $625.2M+71.1% | $365.3M-32.0% | $537.3M-9.3% | $592.2M+94.2% | $304.9M-35.4% | $472.2M-20.1% | $591.0M |
| R&D Expenses | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| SG&A Expenses | $145.3M+0.6% | $144.5M+4.5% | $138.3M+0.1% | $138.2M+3.1% | $134.1M+3.4% | $129.7M-9.0% | $142.5M-1.0% | $143.9M |
| Operating Income | $543.2M+15.3% | $471.0M+108.0% | $226.4M-43.5% | $400.9M-11.6% | $453.6M+162.3% | $172.9M-53.3% | $370.2M-11.6% | $418.9M |
| Interest Expense | $55.3M-6.6% | $59.2M-0.8% | $59.7M-18.8% | $73.5M+82.8% | $40.2M+2.8% | $39.1M | N/A | $46.6M |
| Income Tax | $112.4M+23.1% | $91.3M+170.1% | $33.8M-21.2% | $42.9M-54.6% | $94.4M+226.6% | $28.9M-72.5% | $105.0M+22.4% | $85.8M |
| Net Income | $374.9M+16.8% | $320.9M+149.0% | $128.9M-56.1% | $293.6M-4.7% | $308.0M+199.9% | $102.7M-54.8% | $227.4M-17.8% | $276.5M |
| EPS (Diluted) | $2.82+16.5% | $2.42+149.5% | $0.97-56.1% | $2.21-4.3% | $2.31+200.0% | $0.77-54.7% | $1.70-17.9% | $2.07 |
VMC Balance Sheet
| Metric | Q3'25 | Q2'25 | Q1'25 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $17.0B0.0% | $17.0B+1.6% | $16.7B-2.3% | $17.1B+20.3% | $14.2B+2.2% | $13.9B-4.4% | $14.5B-0.5% | $14.6B |
| Current Assets | $2.3B+1.1% | $2.2B+16.5% | $1.9B-15.0% | $2.3B+14.6% | $2.0B+3.6% | $1.9B-24.4% | $2.5B-6.5% | $2.7B |
| Cash & Equivalents | $191.3M-44.9% | $347.4M+91.6% | $181.3M-67.6% | $559.7M+404.2% | $111.0M-62.0% | $292.4M-68.6% | $931.1M+173.9% | $340.0M |
| Inventory | $687.1M-5.3% | $725.5M+0.6% | $721.0M+5.7% | $681.8M+4.8% | $650.3M+0.5% | $647.2M+5.1% | $615.6M+7.9% | $570.6M |
| Accounts Receivable | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Goodwill | $3.8B+0.2% | $3.8B+0.4% | $3.8B+0.7% | $3.8B+7.1% | $3.5B+0.1% | $3.5B0.0% | $3.5B0.0% | $3.5B |
| Total Liabilities | $8.2B-3.8% | $8.5B-0.1% | $8.6B-4.6% | $9.0B+38.2% | $6.5B+1.4% | $6.4B-9.1% | $7.0B-1.6% | $7.2B |
| Current Liabilities | $1.0B-24.2% | $1.3B+68.4% | $796.9M-35.7% | $1.2B+55.5% | $796.8M+14.4% | $696.2M-12.7% | $797.6M-7.7% | $864.2M |
| Long-Term Debt | $4.4B0.0% | $4.4B-11.2% | $4.9B0.0% | $4.9B+47.3% | $3.3B0.0% | $3.3B-14.1% | $3.9B+0.1% | $3.9B |
| Total Equity | $8.7B+3.9% | $8.4B+3.4% | $8.1B+0.2% | $8.1B+5.4% | $7.7B+2.8% | $7.5B+0.1% | $7.5B+0.6% | $7.4B |
| Retained Earnings | $5.8B+5.6% | $5.5B+4.9% | $5.2B+0.5% | $5.2B+7.9% | $4.8B+4.3% | $4.6B+0.5% | $4.6B+0.4% | $4.6B |
VMC Cash Flow Statement
| Metric | Q3'25 | Q2'25 | Q1'25 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $676.8M+98.1% | $341.7M+35.9% | $251.5M-42.9% | $440.1M+118.8% | $201.1M+16.0% | $173.4M-64.0% | $481.6M-12.1% | $547.7M |
| Capital Expenditures | $222.0M+115.7% | $102.9M-38.8% | $168.0M+3.4% | $162.5M-15.1% | $191.4M+25.3% | $152.8M-25.9% | $206.3M-33.8% | $311.7M |
| Free Cash Flow | $454.8M+90.5% | $238.8M+186.0% | $83.5M-69.9% | $277.6M+2761.9% | $9.7M-52.9% | $20.6M-92.5% | $275.3M+16.7% | $236.0M |
| Investing Cash Flow | -$214.0M-93.8% | -$110.4M+12.7% | -$126.5M+94.2% | -$2.2B-487.3% | -$370.0M-125.9% | -$163.8M-147.4% | $345.7M+213.0% | -$306.0M |
| Financing Cash Flow | -$618.6M-745.1% | -$73.2M+86.3% | -$532.9M-128.1% | $1.9B+9791.3% | -$19.6M+97.0% | -$658.7M-195.2% | -$223.1M-243.8% | -$64.9M |
| Dividends Paid | $64.7M0.0% | $64.7M-2.0% | $66.0M+8.6% | $60.8M0.0% | $60.8M-1.9% | $62.0M+9.2% | $56.8M-0.7% | $57.2M |
| Share Buybacks | $0 | $0-100.0% | $38.1M | $0-100.0% | $50.0M+166.0% | $18.8M-87.5% | $150.1M | $0 |
VMC Financial Ratios
| Metric | Q3'25 | Q2'25 | Q1'25 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | 30.4%+0.7pp | 29.7%+7.4pp | 22.4%-6.6pp | 29.0%-0.4pp | 29.4%+9.7pp | 19.7%-6.0pp | 25.7%-1.3pp | 27.0% |
| Operating Margin | 23.7%+1.3pp | 22.4%+8.5pp | 13.9%-7.8pp | 21.6%-0.9pp | 22.5%+11.3pp | 11.2%-9.0pp | 20.2%+1.0pp | 19.2% |
| Net Margin | 16.4%+1.1pp | 15.3%+7.4pp | 7.9%-8.0pp | 15.8%+0.6pp | 15.3%+8.7pp | 6.6%-5.8pp | 12.4%-0.3pp | 12.7% |
| Return on Equity | 4.3%+0.5pp | 3.8%+2.2pp | 1.6%-2.0pp | 3.6%-0.4pp | 4.0%+2.6pp | 1.4%-1.7pp | 3.0%-0.7pp | 3.7% |
| Return on Assets | 2.2%+0.3pp | 1.9%+1.1pp | 0.8%-0.9pp | 1.7%-0.5pp | 2.2%+1.4pp | 0.7%-0.8pp | 1.6%-0.3pp | 1.9% |
| Current Ratio | 2.23+0.6 | 1.67-0.7 | 2.42+0.6 | 1.83-0.7 | 2.48-0.3 | 2.74-0.4 | 3.17+0.0 | 3.13 |
| Debt-to-Equity | 0.50-0.0 | 0.52-0.1 | 0.600.0 | 0.60+0.2 | 0.43-0.0 | 0.44-0.1 | 0.520.0 | 0.52 |
| FCF Margin | 19.9%+8.5pp | 11.4%+6.3pp | 5.1%-9.9pp | 15.0%+14.5pp | 0.5%-0.9pp | 1.3%-13.7pp | 15.0%+4.2pp | 10.8% |
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Frequently Asked Questions
What is Vulcan Matrls's annual revenue?
Vulcan Matrls (VMC) reported $7.4B in total revenue for fiscal year 2024. This represents a -4.7% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.
How fast is Vulcan Matrls's revenue growing?
Vulcan Matrls (VMC) revenue declined by 4.7% year-over-year, from $7.8B to $7.4B in fiscal year 2024.
Is Vulcan Matrls profitable?
Yes, Vulcan Matrls (VMC) reported a net income of $911.9M in fiscal year 2024, with a net profit margin of 12.3%.
What is Vulcan Matrls's earnings per share (EPS)?
Vulcan Matrls (VMC) reported diluted earnings per share of $6.85 for fiscal year 2024. This represents a -1.9% change compared to the previous fiscal year. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.
What is Vulcan Matrls's EBITDA?
Vulcan Matrls (VMC) had EBITDA of $2.0B in fiscal year 2024, measuring earnings before interest, taxes, depreciation, and amortization.
How much debt does Vulcan Matrls have?
As of fiscal year 2024, Vulcan Matrls (VMC) had $559.7M in cash and equivalents against $4.9B in long-term debt.
What is Vulcan Matrls's gross margin?
Vulcan Matrls (VMC) had a gross margin of 27.0% in fiscal year 2024, indicating the percentage of revenue retained after direct costs of goods sold.
What is Vulcan Matrls's operating margin?
Vulcan Matrls (VMC) had an operating margin of 18.4% in fiscal year 2024, reflecting the profitability of core business operations before interest and taxes.
What is Vulcan Matrls's net profit margin?
Vulcan Matrls (VMC) had a net profit margin of 12.3% in fiscal year 2024, representing the share of revenue converted into profit after all expenses.
Does Vulcan Matrls pay dividends?
Yes, Vulcan Matrls (VMC) paid $1.84 per share in dividends during fiscal year 2024.
What is Vulcan Matrls's return on equity (ROE)?
Vulcan Matrls (VMC) has a return on equity of 11.2% for fiscal year 2024, measuring how efficiently the company generates profit from shareholder equity.
What is Vulcan Matrls's free cash flow?
Vulcan Matrls (VMC) generated $806.1M in free cash flow during fiscal year 2024. This represents a 21.4% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.
What is Vulcan Matrls's operating cash flow?
Vulcan Matrls (VMC) generated $1.4B in operating cash flow during fiscal year 2024, representing cash generated from core business activities.
What are Vulcan Matrls's total assets?
Vulcan Matrls (VMC) had $17.1B in total assets as of fiscal year 2024, including both current and long-term assets.
What are Vulcan Matrls's capital expenditures?
Vulcan Matrls (VMC) invested $603.5M in capital expenditures during fiscal year 2024, funding long-term assets and infrastructure.
Does Vulcan Matrls buy back shares?
Yes, Vulcan Matrls (VMC) spent $68.8M on share buybacks during fiscal year 2024, returning capital to shareholders by reducing shares outstanding.
How many shares does Vulcan Matrls have outstanding?
Vulcan Matrls (VMC) had 132M shares outstanding as of fiscal year 2024.
What is Vulcan Matrls's current ratio?
Vulcan Matrls (VMC) had a current ratio of 1.83 as of fiscal year 2024, which is generally considered healthy.
What is Vulcan Matrls's debt-to-equity ratio?
Vulcan Matrls (VMC) had a debt-to-equity ratio of 0.60 as of fiscal year 2024, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is Vulcan Matrls's return on assets (ROA)?
Vulcan Matrls (VMC) had a return on assets of 5.3% for fiscal year 2024, measuring how efficiently the company uses its assets to generate profit.
What is Vulcan Matrls's Altman Z-Score?
Vulcan Matrls (VMC) has an Altman Z-Score of 4.09, placing it in the Safe Zone (low bankruptcy risk). The Z-Score combines five financial ratios—working capital, retained earnings, EBIT, market capitalization, and revenue relative to total assets—to predict the likelihood of bankruptcy. Scores above 2.99 indicate financial safety while scores below 1.81 suggest financial distress. Learn more in our complete guide to financial health indicators.
What is Vulcan Matrls's Piotroski F-Score?
Vulcan Matrls (VMC) has a Piotroski F-Score of 5 out of 9, indicating neutral financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7–9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Are Vulcan Matrls's earnings high quality?
Vulcan Matrls (VMC) has an earnings quality ratio of 1.55x, considered cash-backed (high quality). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.
Can Vulcan Matrls cover its interest payments?
Vulcan Matrls (VMC) has an interest coverage ratio of 7.1x, meaning it can comfortably cover its interest obligations. This ratio divides operating income by interest expense. Ratios above 5x indicate strong debt-servicing ability, while ratios below 2x suggest the company may face difficulty meeting interest payments if earnings decline. Learn more in our complete guide to financial health indicators.
How financially healthy is Vulcan Matrls?
Vulcan Matrls (VMC) scores 58 out of 100 on our Financial Profile, indicating moderate overall financial health. This composite score evaluates six dimensions: profitability (operating margin), revenue growth, leverage (debt-to-equity), liquidity (current ratio), cash flow quality (free cash flow margin), and shareholder returns (return on equity). Each dimension is normalized against standard financial benchmarks. Learn more in our complete guide to financial health indicators.