Aureus
AExcellent

Martin Marietta Materials, Inc.(MLM)

A

Financial data as of Dec 31, 2025Stable · Materials

FCF Margin15.9%Free Cash Flow / Revenue
Cash Conversion157.0%Operating CF / Net Income
Free Cash Flow$978.0M
Revenue$6.2B
Net Cash-$5.6BNet debt position
Debt / FCF5.8xElevated debt burden
Current Ratio3.57Adequate short-term liquidity
YoY FCF Growth-6.4%4 of 5 quarters positive

How This Grade Was Calculated

Base grade from FCF margin, adjusted by financial health factors

BaseA
→
-0.5Elevated debt-to-FCF ratio (5.8x)
→
+0.5Healthy FCF margin with manageable debt (15.9%, 5.8x)
→
FinalA

Analysis Summary

Strengths

  • Strong FCF margin (15.9%)
  • Excellent cash conversion (157%)
  • Strong liquidity (current ratio: 3.57)

Concerns

  • Heavy debt position ($5.6B net debt, 5.8x FCF)
  • High debt-to-FCF ratio (5.8x)

Financial Breakdown

Key financials compared side by side

Margin Composition

FCF Margin15.9%
Net Margin18.5%
Operating CF Margin29.0%
CapEx Ratio13.1%

Balance Sheet Health

Debt, liquidity, and leverage snapshot

Net Cash-$5.6BNet debt position
Debt / FCF5.8xElevated debt burden
Current Ratio3.57Strong liquidity
Debt / Equity0.57Low leverage

Quarterly FCF Trend

-6.4% YoYStable (-6.4%)

Free cash flow per quarter

Sector Comparison — Materials

FCF Margin ranked against sector peers

View all →

Detailed Metrics

Company NameMartin Marietta Materials, Inc.
SectorMaterials
Free Cash Flow$978.0M
Revenue$6.2B
Net Income$1.1B
Operating Cash Flow$1.8B
Capital Expenditure$807.0M
FCF Margin15.9%
Cash Conversion Rate157.0%
Net Margin18.5%
Total Debt$5.7B
Total Cash$67.0M
Net Cash-$5.6B
Current Ratio3.57
Debt / Equity0.57
Debt / FCF5.8x
YoY FCF Growth-6.4%
Positive Quarters4 of 5
Trend DirectionStable
Report DateDec 31, 2025
GradeA
Data SourceYahoo Finance