| Factor | Score | Distribution | Value | Avg | Rank |
|---|---|---|---|---|---|
Valuation | 42 | 12.5x | 17.8x | Around median | |
Growth | 72 | 23.4% | 7.1% | Top tier | |
Quality | 51 | 6.7% | 4.5% | Around median | |
Safety | 61 | 3.4x | 2.6x | Around median | |
Capital Return | 28 | 0.65% | 2.12% | Bottom tier | |
Momentum | 21 | -12.4% | 2.9% | Bottom tier | |
Sentiment | 86 | 15 | 3 | Top tier |
Estimates — analyst targets and a simplified DCF, not investment advice.
Ten ratios that matter, each compared against its sector median and average — so you can see whether a number is rich or cheap relative to peers in the same sector.
Martin Marietta Materials produces essential raw materials for construction and industry, with its aggregates business leading its business model through the sale of stone and related materials for infrastructure projects and heavy nonresidential construction. The Specialty Products platform also includes lime and magnesia used in applications such as steel production, water treatment, soil stabilization, and flue-gas treatment, products that management described as having limited substitutes and representing only 1% to 4% of customers' production costs. Revenue and earnings depend on shipment volumes, pricing, and geographic sales mix, alongside improved asset utilization, network management, and acquisition integration.
In fiscal Q2 2026, the company recorded revenue of $1.9 billion and gross profit of $495 million, equivalent to a gross margin of approximately 26.1%. Net income was $251 million, or approximately 13.2% of revenue, and earnings per share were $4.17. The aggregates business generated record revenue of $1.5 billion and gross profit of $418 million, while the Specialty Products business recorded record revenue of $152 million and gross profit of $50 million.
Aggregates revenue rose 16% in fiscal Q2 2026, with organic shipments growing 2.3% and total shipments reaching 61.6 million tons, up 17%, supported by contributions from Quikrete assets and a partial period from New Frontier Materials. Reported average selling price declined 2% due to acquisition and geographic mix, but increased 3.7% after adjusting for the geographic mix impact. Reported aggregates gross profit absorbed a $52 million noncash inventory revaluation charge and $42 million of higher depreciation, depletion, and amortization expense, while adjusted cash gross profit reached $636 million, up 15%.
Analyst consensus is “Buy,” with an average price target of $647.9 and a wide range between $556 and $730. The average target is below the 52-week range high of $710.97, while the highest target is slightly above that high, but the absence of a usable price-to-earnings ratio and the $174 spread in targets require balancing the Lhoist expansion against new debt, integration risks, and energy pressures.
Figures in the text are as of 2026-08-28; the live price is shown at the top of the page.
Aggregates lead Martin Marietta's business model, and this business generated record revenue of $1.5 billion in fiscal Q2 2026. Shipments reached 61.6 million tons, up 17%, while organic shipments grew 2.3%. This is complemented by the Specialty Products business, which recorded revenue of $152 million from products including lime and magnesia used in steel, water treatment, soil stabilization, and other industrial applications.
Revenue was $1.9 billion and gross profit was $495 million in fiscal Q2 2026, equivalent to a gross margin of approximately 26.1%. Net income was $251 million, and earnings per share were $4.17. Adjusted EBITDA in the first half also exceeded $1 billion for the first time, according to the July 30, 2026 call.
Martin Marietta completed the acquisition of Lhoist North America on August 25, 2026 for $13.5 billion. The transaction adds a network of 20 quarries and production facilities and 45 distribution terminals, along with more than 200 years of high-quality limestone reserves. It expands exposure to high-calcium and dolomitic lime used in steel, water treatment, and soil stabilization, but it also involved the issuance of $5.5 billion of bonds to finance it.
Automated analysis for informational purposes only — not investment advice.
On July 30, 2026, management raised revenue guidance to a range of $7.2 billion to $7.4 billion for fiscal 2026. It maintained adjusted EBITDA guidance from continuing operations at $2.36 billion to $2.5 billion due to continued energy cost pressures. That guidance did not include a contribution from Lhoist North America, and the company announced on August 25, 2026 that it expected to update it following completion of the acquisition.
Infrastructure and heavy nonresidential construction demand remained key supports in fiscal Q2 2026. Management said data center activity increased 90%, energy 23%, and warehouses 53%, with more than 70% of planned or under-construction data center and manufacturing space located within 55 miles of the company's facilities. It also noted that more than $150 billion of federal infrastructure funds remained undeployed, while residential construction remained weak.
The largest risk is financing and integrating the $13.5 billion acquisition of Lhoist North America, following the issuance of $5.5 billion of bonds on August 15, 2026. Management is targeting a return of leverage to its target range within 24 months of completing the transaction. Higher energy costs also pressured profitability guidance, and reported average aggregates selling price declined 2% in fiscal Q2 2026 due to acquisition and geographic mix, while the single-family housing market remained weak.
