Martin Marietta Materials vs United States Lime & Minerals
Add, change or remove companies; up to four.
KIRA’s take AI analyst
I put Martin Marietta Materials and United States Lime & Minerals side by side, using each one’s latest annual report. Here is what stands out:
- Martin Marietta Materials is the larger business, with $6.2B of revenue in fiscal 2025 against $373M for United States Lime & Minerals, about 17 times as much.
- United States Lime & Minerals grew revenue faster (17.3%, against 8.6%).
- United States Lime & Minerals kept more of each dollar of sales as operating profit (42.4% operating margin, against 23.4%).
- United States Lime & Minerals turned more of its sales into free cash flow (27.4% FCF margin, against 15.9%).
- United States Lime & Minerals earned a higher return on the capital invested in it (51.7%, against 7.7%).
- Investors pay more for each dollar of United States Lime & Minerals’s earnings: a P/E of 23.9x against 12.4x for Martin Marietta Materials.
Who comes out ahead
Of the 11 measures where higher (or lower) is clearly better, how many each company leads.
Martin Marietta Materials
MLM
2/11
Piotroski F-scoreShare count change
United States Lime & Minerals
USLM
9/11
Revenue growth5-year growthGross marginOperating marginNet marginFCF marginReturn on capitalReturn on equityNet debt / EBITDA
Side by side
Best in the row
| Latest fiscal year | MLM FY25 | USLM FY25 |
|---|---|---|
| Size | ||
| Market cap | $30.3B | $3.2B |
| Revenue | $6.2B | $373M |
| Free cash flow | $978M | $102M |
| Net income | $1.1B | $134M |
| Growth | ||
| Revenue growth | 8.6% | 17.3% |
| 5-year growth | 5.4% | 18.3% |
| Share count change | −1.6% | 0.2% |
| Profitability | ||
| Gross margin | 30.7% | 48.9% |
| Operating margin | 23.4% | 42.4% |
| Net margin | 18.5% | 36.0% |
| FCF margin | 15.9% | 27.4% |
| Return on capital | 7.7% | 51.7% |
| Return on equity | 11.7% | 23.8% |
| Balance sheet | ||
| Net debt | $5.6B | −$371M |
| Net debt / EBITDA | 2.7x | −2.0x |
| Dividends and buybacks | $647M | $9.6M |
| Valuation & quality | ||
| P/E | 12.4x | 23.9x |
| Piotroski F-score | 7 | 5 |
Ten years
Revenue
Operating margin
Free cash flow
Return on capital
Each company's latest fiscal year; fiscal years end in different months. The best value in each row is highlighted where higher (or lower) is clearly better. Not investment advice.