What is the primary revenue source for Martin Marietta Materials (MLM)?

According to the latest financial reports, the company's revenue is driven by its core business segments and operational services. You can explore the exact breakdown and proportions of each revenue stream using the interactive charts on this page.

How can I visualize and analyze MLM's financial statements?

gkcal provides interactive Sankey diagrams and profit waterfall charts that map out Martin Marietta Materials's total revenue, cost of goods sold, operating expenses, and net income, making it easy to understand their business model and cash flow at a glance.

How Martin Marietta Materials Makes Money: MLM Revenue Breakdown (2026)

Operations

Where did the money come from, and where was it spent?

Watch

Revenue grew while operating profit fell, so growth did not translate into better earnings.

The largest revenue segment accounts for 91.12% of revenue, indicating concentration.

Operating margin declined by 5.22 percentage points year over year.

Revenue: USD 3.31B
Largest revenue segment share (Building Materials Business): 91.12%
Cost of revenue: USD 2.50B
Selling, general and administrative: USD 249.00M

View calculation evidence

YoY periods: H1 2026 compared with H1 2025

Source metrics

RevenueRevenues · RevenueFromContractWithCustomerExcludingAssessedTax
Cost of revenueTotal cost of revenues · CostOfGoodsAndServicesSold
Selling, general and administrativeSelling, general and administrative expenses · SellingGeneralAndAdministrativeExpense
Largest revenue segment share (Building Materials Business)Building Materials Business · segment_value / revenue * 100
Operating marginSegment earnings (loss) from operations · operating_income / revenue * 100

Assets

Where is the money tied up, and how is the company financed?

Neutral

Liabilities and shareholder equity jointly fund the asset base, with a broadly stable mix.

Property, plant and equipment: USD 13.10B
Goodwill: USD 3.96B
Inventory: USD 1.17B
Total liabilities: USD 9.76B
Shareholder equity: USD 11.55B

View calculation evidence

YoY periods: H1 2026 compared with H1 2025

Source metrics

GoodwillGoodwill · Goodwill
Property, plant and equipmentProperty, plant and equipment, net · PropertyPlantAndEquipmentNet
Shareholder equityEquity, including portion attributable to noncontrolling interest · StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
Total liabilitiesLiabilities · Liabilities
InventoryInventories, net · InventoryNet

Cash

Did accounting profit ultimately turn into cash?

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Operating cash flow is positive, but profit-to-cash conversion is relatively weak.

Operating cash flow equals 19.22% of net income.

Free cash flow remains positive after capital expenditure.

Net income: USD 1.76B
Operating cash flow: USD 339.00M
Cash conversion: 19.22%
Free cash flow: USD 25.00M

View calculation evidence

YoY periods: H1 2026 compared with H1 2025

Source metrics

Net incomeNet earnings attributable to martin marietta · NetIncomeLoss
Free cash flowcfo - capex
Cash conversionoperating_cash_flow / net_income * 100
Operating cash flowsum(waterfull.operating)

Shareholders

Did the money earned actually make its way back to shareholders?

Watch

Dividends and net buybacks exceed free cash flow, raising questions about sustainability.

Cash dividends: USD 102.00M
Share repurchases: USD 200.00M
Net shareholder return: USD 302.00M

View calculation evidence

YoY periods: H1 2026 compared with H1 2025

Source metrics

Cash dividendsPayments of ordinary dividends, common stock · PaymentsOfDividendsCommonStock · abs(node_value)
Net shareholder returndividends_paid + share_repurchases - stock_issuance_proceeds
Share repurchasesPayments for repurchase of common stock · PaymentsForRepurchaseOfCommonStock · abs(node_value)

Diluted share count is missing, so dilution cannot be assessed against buybacks.

Financial Insights

Please select a report to view

Where did the money come from, and where was it spent?

Where is the money tied up, and how is the company financed?

Did accounting profit ultimately turn into cash?

Did the money earned actually make its way back to shareholders?