Vulcan Matrls Financials
This page shows Vulcan Matrls (VMC) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 19 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).
Vulcan’s FY2025 model shows modest sales growth translating into faster margin and cash expansion.
From FY2024 to FY2025, revenue rose only7.1% , but operating cash flow climbed28.6% ; paired with a higher operating margin, that says incremental sales are dropping through more efficiently rather than merely adding volume. Total assets shrank about2.4% while ROA improved to6.5% , showing asset productivity improved after the heavier FY2024 balance sheet.
FY2025 net income of
Year-end cash fell to
Financial Health Signals
Scored against operating companies for FY2025. Each of the six dimensions is a percentile rank within that peer group; the overall is their average, with missing dimensions counted as zero out of six. A high score means strong standing among peers, not absolute cross-industry strength. How this score is calculated →
Health score ≠ stock price. This rates the quality of Vulcan Matrls's business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.
Vulcan Matrls has an operating margin of 20.4%, meaning the company retains $20 of operating profit per $100 of revenue. This strong profitability earns a score of 85/100, reflecting efficient cost management and pricing power. This is up from 18.4% the prior year.
Vulcan Matrls's revenue grew 7.1% year-over-year to $7.9B, a solid pace of expansion. This earns a growth score of 35/100.
Vulcan Matrls has a moderate D/E ratio of 0.51. This balance of debt and equity financing earns a leverage score of 33/100.
With a current ratio of 2.69, Vulcan Matrls holds $2.69 in current assets for every $1 of short-term obligations. This comfortable liquidity earns a score of 72/100.
Vulcan Matrls converts 14.3% of revenue into free cash flow ($1.1B). This strong cash generation earns a score of 73/100.
Vulcan Matrls earns a strong 12.6% return on equity (ROE), meaning it generates $13 of profit for every $100 of shareholders' equity. This efficient capital use earns a returns score of 74/100. This is up from 11.2% the prior year.
Vulcan Matrls scores 4.05, well above the 2.99 safe threshold. The score is driven primarily by a large market capitalization ($36.3B) relative to total liabilities ($8.2B). This indicates low bankruptcy risk based on profitability, leverage, and asset efficiency.
Distress-screening estimate for non-financial companies. Not computed for banks or insurers, where the Altman model does not apply.
Vulcan Matrls passes 9 of 9 financial strength tests. All 4 profitability signals pass (positive income, cash flow, and earnings quality), all 3 leverage/liquidity signals pass, both operating efficiency signals pass.
For every $1 of reported earnings, Vulcan Matrls generates $1.68 in operating cash flow ($1.8B OCF vs $1.1B net income). This indicates profits are well-supported by actual cash generation, not accounting adjustments.
Vulcan Matrls earns $6.8 in operating income for every $1 of interest expense ($1.6B vs $239.7M). This wide margin provides strong safety for debt servicing, even if earnings decline temporarily.
Key Financial Metrics
Earnings & Revenue
Vulcan Matrls generated $7.9B in revenue in fiscal year 2025. This represents an increase of 7.1% from the prior year.
Vulcan Matrls's EBITDA was $2.4B in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 18.6% from the prior year.
Vulcan Matrls reported $1.1B in net income in fiscal year 2025. This represents an increase of 18.1% from the prior year.
Vulcan Matrls earned $8.11 per diluted share (EPS) in fiscal year 2025. This represents an increase of 18.4% from the prior year.
Cash & Balance Sheet
Vulcan Matrls generated $1.1B in free cash flow in fiscal year 2025, representing cash available after capex. This represents an increase of 40.8% from the prior year.
Vulcan Matrls held $183.3M in cash against $4.4B in long-term debt as of fiscal year 2025.
Vulcan Matrls paid $1.96 per share in dividends in fiscal year 2025. This represents an increase of 6.5% from the prior year.
Vulcan Matrls had 131M shares outstanding in fiscal year 2025. This represents a decrease of 1.2% from the prior year.
Margins & Returns
Vulcan Matrls's gross margin was 27.4% in fiscal year 2025, indicating the percentage of revenue retained after direct costs. This is up 0.4 percentage points from the prior year.
Vulcan Matrls's operating margin was 20.4% in fiscal year 2025, reflecting core business profitability. This is up 2.0 percentage points from the prior year.
Vulcan Matrls's net profit margin was 13.6% in fiscal year 2025, showing the share of revenue converted to profit. This is up 1.3 percentage points from the prior year.
Vulcan Matrls's ROE was 12.6% in fiscal year 2025, measuring profit generated per dollar of shareholder equity. This is up 1.4 percentage points from the prior year.
Capital Allocation
Vulcan Matrls spent $438.4M on share buybacks in fiscal year 2025, returning capital to shareholders by reducing shares outstanding. This represents an increase of 537.2% from the prior year.
Vulcan Matrls invested $677.7M in capex in fiscal year 2025, funding long-term assets and infrastructure. This represents an increase of 12.3% from the prior year.
VMC Income Statement
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $1.8B-8.2% | $1.9B-16.5% | $2.3B+9.0% | $2.1B+28.6% | $1.6B-11.8% | $1.9B-7.5% | $2.0B-0.5% | $2.0B |
| Cost of Revenue | $1.3B-6.5% | $1.4B-10.6% | $1.6B+7.9% | $1.5B+16.4% | $1.3B-3.6% | $1.3B-8.5% | $1.4B+1.2% | $1.4B |
| Gross Profit | $422.7M-13.2% | $486.9M-30.2% | $697.2M+11.5% | $625.2M+71.1% | $365.3M-32.0% | $537.3M-4.9% | $565.2M-4.6% | $592.2M |
| R&D Expenses | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| SG&A Expenses | $135.7M-0.2% | $136.0M-6.4% | $145.3M+0.6% | $144.5M+4.5% | $138.3M+0.1% | $138.2M+7.0% | $129.1M-3.7% | $134.1M |
| Operating Income | $265.4M-30.0% | $379.0M-30.2% | $543.2M+15.3% | $471.0M+108.0% | $226.4M-43.5% | $400.9M+18.9% | $337.1M-25.7% | $453.6M |
| Interest Expense | $53.9M-17.7% | $65.5M+18.4% | $55.3M-6.6% | $59.2M-0.8% | $59.7M-18.8% | $73.5M+91.4% | $38.4M-4.5% | $40.2M |
| Income Tax | $45.9M-34.4% | $70.0M-37.7% | $112.4M+23.1% | $91.3M+170.1% | $33.8M-21.2% | $42.9M-49.6% | $85.2M-9.7% | $94.4M |
| Net Income | $165.5M-34.3% | $252.0M-32.8% | $374.9M+16.8% | $320.9M+149.0% | $128.9M-56.1% | $293.6M+41.4% | $207.6M-32.6% | $308.0M |
| EPS (Diluted) | $1.26 | N/A | $2.82+16.5% | $2.42+149.5% | $0.97 | N/A | $1.56-32.5% | $2.31 |
VMC Balance Sheet
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $16.7B-0.2% | $16.7B-1.6% | $17.0B0.0% | $17.0B+1.6% | $16.7B-2.3% | $17.1B+19.2% | $14.4B+1.0% | $14.2B |
| Current Assets | $2.6B+0.6% | $2.6B+13.2% | $2.3B+1.1% | $2.2B+16.5% | $1.9B-15.0% | $2.3B+2.4% | $2.2B+12.0% | $2.0B |
| Cash & Equivalents | $140.2M-23.5% | $183.3M-4.2% | $191.3M-44.9% | $347.4M+91.6% | $181.3M-67.6% | $559.7M+29.2% | $433.2M+290.3% | $111.0M |
| Inventory | $695.8M+2.2% | $680.5M-1.0% | $687.1M-5.3% | $725.5M+0.6% | $721.0M+5.7% | $681.8M+5.3% | $647.7M-0.4% | $650.3M |
| Accounts Receivable | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Goodwill | $3.8B0.0% | $3.8B-1.5% | $3.8B+0.2% | $3.8B+0.4% | $3.8B+0.7% | $3.8B+9.8% | $3.5B-2.4% | $3.5B |
| Total Liabilities | $8.2B+0.6% | $8.2B-0.9% | $8.2B-3.8% | $8.5B-0.1% | $8.6B-4.6% | $9.0B+38.8% | $6.5B-0.4% | $6.5B |
| Current Liabilities | $997.3M+4.3% | $956.1M-6.0% | $1.0B-24.2% | $1.3B+68.4% | $796.9M-35.7% | $1.2B+60.1% | $774.1M-2.8% | $796.8M |
| Long-Term Debt | $4.4B0.0% | $4.4B0.0% | $4.4B0.0% | $4.4B-11.2% | $4.9B0.0% | $4.9B+47.4% | $3.3B-0.1% | $3.3B |
| Total Equity | $8.5B-0.9% | $8.5B-2.4% | $8.7B+3.9% | $8.4B+3.4% | $8.1B+0.2% | $8.1B+3.2% | $7.9B+2.1% | $7.7B |
| Retained Earnings | $5.5B-0.9% | $5.6B-3.7% | $5.8B+5.6% | $5.5B+4.9% | $5.2B+0.5% | $5.2B+4.7% | $5.0B+3.0% | $4.8B |
VMC Cash Flow Statement
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $241.1M-55.6% | $543.0M-19.8% | $676.8M+98.1% | $341.7M+35.9% | $251.5M-42.9% | $440.1M-26.0% | $595.0M+195.9% | $201.1M |
| Capital Expenditures | $176.5M-4.5% | $184.8M-16.8% | $222.0M+115.7% | $102.9M-38.8% | $168.0M+3.4% | $162.5M+67.9% | $96.8M-49.4% | $191.4M |
| Free Cash Flow | $64.6M-82.0% | $358.2M-21.2% | $454.8M+90.5% | $238.8M+186.0% | $83.5M-69.9% | $277.6M-44.3% | $498.2M+5036.1% | $9.7M |
| Investing Cash Flow | -$174.9M-123.4% | -$78.3M+63.4% | -$214.0M-93.8% | -$110.4M+12.7% | -$126.5M+94.2% | -$2.2B-1912.1% | -$108.0M+70.8% | -$370.0M |
| Financing Cash Flow | -$111.9M+76.2% | -$470.5M+23.9% | -$618.6M-745.1% | -$73.2M+86.3% | -$532.9M-128.1% | $1.9B+1256.1% | -$164.3M-738.3% | -$19.6M |
| Dividends Paid | $67.9M+5.4% | $64.4M-0.5% | $64.7M0.0% | $64.7M-2.0% | $66.0M+8.6% | $60.8M0.0% | $60.8M0.0% | $60.8M |
| Share Buybacks | $149.5M-62.7% | $400.3M | $0 | $0-100.0% | $38.1M | $0 | $0-100.0% | $50.0M |
VMC Financial Ratios
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | 24.1%-1.4pp | 25.5%-5.0pp | 30.4%+0.7pp | 29.7%+7.4pp | 22.4%-6.6pp | 29.0%+0.8pp | 28.2%-1.2pp | 29.4% |
| Operating Margin | 15.1%-4.7pp | 19.8%-3.9pp | 23.7%+1.3pp | 22.4%+8.5pp | 13.9%-7.8pp | 21.6%+4.8pp | 16.8%-5.7pp | 22.5% |
| Net Margin | 9.4%-3.8pp | 13.2%-3.2pp | 16.4%+1.1pp | 15.3%+7.4pp | 7.9%-8.0pp | 15.8%+5.5pp | 10.4%-4.9pp | 15.3% |
| Return on Equity | 2.0%-1.0pp | 3.0%-1.3pp | 4.3%+0.5pp | 3.8%+2.2pp | 1.6%-2.0pp | 3.6%+1.0pp | 2.6%-1.4pp | 4.0% |
| Return on Assets | 1.0%-0.5pp | 1.5%-0.7pp | 2.2%+0.3pp | 1.9%+1.1pp | 0.8%-0.9pp | 1.7%+0.3pp | 1.5%-0.7pp | 2.2% |
| Current Ratio | 2.59-0.1 | 2.69+0.5 | 2.23+0.6 | 1.67-0.7 | 2.42+0.6 | 1.83-1.0 | 2.86+0.4 | 2.48 |
| Debt-to-Equity | 0.520.0 | 0.51+0.0 | 0.50-0.0 | 0.52-0.1 | 0.600.0 | 0.60+0.2 | 0.420.0 | 0.43 |
| FCF Margin | 3.7%-15.0pp | 18.7%-1.1pp | 19.9%+8.5pp | 11.4%+6.3pp | 5.1%-9.9pp | 15.0%-9.9pp | 24.9%+24.4pp | 0.5% |
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Frequently Asked Questions
What is Vulcan Matrls's annual revenue?
Vulcan Matrls (VMC) reported $7.9B in total revenue for fiscal year 2025. This represents a 7.1% 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 grew by 7.1% year-over-year, from $7.4B to $7.9B in fiscal year 2025.
Is Vulcan Matrls profitable?
Yes, Vulcan Matrls (VMC) reported a net income of $1.1B in fiscal year 2025, with a net profit margin of 13.6%.
What is Vulcan Matrls's EBITDA?
Vulcan Matrls (VMC) had EBITDA of $2.4B in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.
How much debt does Vulcan Matrls have?
As of fiscal year 2025, Vulcan Matrls (VMC) had $183.3M in cash and equivalents against $4.4B in long-term debt.
What is Vulcan Matrls's gross margin?
Vulcan Matrls (VMC) had a gross margin of 27.4% in fiscal year 2025, 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 20.4% in fiscal year 2025, 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 13.6% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.
Does Vulcan Matrls pay dividends?
Yes, Vulcan Matrls (VMC) paid $1.96 per share in dividends during fiscal year 2025.
What is Vulcan Matrls's return on equity (ROE)?
Vulcan Matrls (VMC) has a return on equity of 12.6% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.
What is Vulcan Matrls's free cash flow?
Vulcan Matrls (VMC) generated $1.1B in free cash flow during fiscal year 2025. This represents a 40.8% 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 $1.8B in operating cash flow during fiscal year 2025, representing cash generated from core business activities.
What are Vulcan Matrls's total assets?
Vulcan Matrls (VMC) had $16.7B in total assets as of fiscal year 2025, including both current and long-term assets.
What are Vulcan Matrls's capital expenditures?
Vulcan Matrls (VMC) invested $677.7M in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.
What is Vulcan Matrls's current ratio?
Vulcan Matrls (VMC) had a current ratio of 2.69 as of fiscal year 2025, which is generally considered healthy.
What is Vulcan Matrls's debt-to-equity ratio?
Vulcan Matrls (VMC) had a debt-to-equity ratio of 0.51 as of fiscal year 2025, 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 6.5% for fiscal year 2025, 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 4.05, 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 9 out of 9, indicating strong 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 to 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 1.68x, 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 6.8x, 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 62 out of 100 on our Financial Health Score, indicating moderate standing within its operating companies peer group. The score is a 0-100 composite of six dimensions (Profitability, Growth, Leverage, Liquidity, Cash Flow, Returns), each ranked as a percentile relative to companies in the same scoring family (banks against banks, REITs against REITs, and so on) rather than across all industries. It rates the quality of the business, not whether the stock is fairly priced, and is not financial advice. Learn more in our complete guide to financial health indicators.