Vulcan Materials
Produces construction aggregates, asphalt mix, and ready-mixed concrete across U.S. growth markets.
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Profile
Produces and sells crushed stone, sand, and gravel for public infrastructure and private construction, alongside asphalt mix and ready-mixed concrete. Most profit comes from aggregates, whose transportation costs favor quarries and distribution terminals close to demand.
Produces crushed stone, sand, and gravel for roads, bridges, airports, utilities, homes, and commercial projects. Aggregates are the core business, supported by asphalt mix and ready-mixed concrete; recent divestitures of Houston asphalt and California concrete operations sharpened that focus while quarry and rail assets extended the distribution footprint.
Concentrates permitted reserves around growing U.S. metropolitan markets. Most aggregate shipments leave producing locations by truck, while rail, barge, and ship links reach coastal markets with limited nearby deposits of suitable rock. This network matches a heavy, transportation-intensive material with demand near construction sites.
Serves both publicly funded infrastructure and private residential and nonresidential construction. Results depend on construction activity, infrastructure appropriations, weather, energy and freight costs, and the ability to secure and permit strategically located reserves; trucking economics keep most aggregates markets local.
Company facts
Categories
Key statistics
Year to date −6.2% · Average volume (30d) 982.9K
Analysts
Ratings
Target range
Latest analyst notes
| Date | Firm | Action | Rating | Prior target | Target |
|---|---|---|---|---|---|
| Jul 8, 2026 | UBS | Reiterate | Buy | $318 | $349 |
| Jun 30, 2026 | RBC Capital | Reiterate | Sector Perform | $298 | $293 |
| Jun 2, 2026 | Berenberg Bank | Target | $180 | $283 | |
| Apr 30, 2026 | Raymond James | Target | $320 | $325 | |
| Apr 30, 2026 | Stifel Nicolaus | Target | $327 | $333 |
Earnings
EPS
Revenue
History
| Report date | EPS est | EPS | Surprise | Revenue est | Revenue | Surprise | Next session |
|---|---|---|---|---|---|---|---|
| Jul 29, 2026Q2 FY26 | $2.46 | $2.59 | +5.3% | $2.14B | $2.16B | +0.7% | −1.56% |
| Apr 29, 2026Q1 FY26 | $1.10 | $1.35 | +22.7% | $1.64B | $1.76B | +7.1% | +1.91% |
| Feb 17, 2026Q4 FY25 | $2.11 | $1.70 | −19.4% | $1.96B | $1.91B | −2.3% | −0.95% |
| Oct 30, 2025Q3 FY25 | $2.73 | $2.84 | +4.0% | $2.27B | $2.28B | +0.7% | −0.17% |
Financial highlights
| 12 quarters | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | |
|---|---|---|---|---|---|---|---|
| Revenue | $1.63B | $2.10B | $2.28B | $1.91B | $1.76B | $2.16B | |
| Gross profit | $365.3M | $625.2M | $688.5M | $487.0M | $422.7M | $625.5M | |
| Operating income | $226.4M | $471.0M | $543.3M | $351.0M | $295.6M | $425.3M | |
| Net income | $128.9M | $320.9M | $379.2M | $252.0M | $165.5M | $323.4M | |
| Diluted EPS | $0.97 | $2.41 | $2.83 | $1.91 | $1.26 | $2.48 | |
| Gross margin | 22.3% | 29.7% | 30.2% | 25.5% | 24.1% | 29.0% | |
| Operating margin | 13.9% | 22.4% | 23.8% | 18.3% | 16.8% | 19.7% |
Fiscal years (4-quarter sums)FY21 $5.55B · FY22 $7.32B · FY23 $7.78B · FY24 $7.42B · FY25 $7.93B
Revenue by product · Q2 FY26
Revenue by geography · Q2 FY26
Balance sheet, Jun 30, 2026Cash & short-term investments $194.2M · Total debt $4.89B · Total assets $16.44B · Shareholders' equity $8.46B
Dividends
Raised for 13 straight years — most recently to $0.52 from $0.49 in Mar 2026. To collect a payout, hold shares through the close before the ex-date.
History
| Ex-date | Record | Paid | Amount | Note |
|---|---|---|---|---|
| Aug 13, 2026 | Aug 13 | Sep 2 | $0.52 | |
| May 22, 2026 | May 22 | Jun 5 | $0.52 | |
| Mar 9, 2026 | Mar 9 | Mar 23 | $0.52 | raised from $0.49 |
| Nov 10, 2025 | Nov 10 | Nov 25 | $0.49 | |
| Aug 14, 2025 | Aug 14 | Sep 3 | $0.49 | |
| May 23, 2025 | May 23 | Jun 6 | $0.49 | |
| Mar 10, 2025 | Mar 10 | Mar 24 | $0.49 | raised from $0.46 |
| Nov 4, 2024 | Nov 4 | Nov 27 | $0.46 |
Ownership
A 13F quarter can total more than the shares outstanding — sub-advisers file the same block twice, and a filer's own share count can be a quarter stale. No split is drawn from it.
Shares outstanding 129.58M · Float 129.30M · 99.8% free float
Top shareholders13F · 13D/G · Form 4
| Holder | Shares | % outstanding | Form | Filed |
|---|---|---|---|---|
| BlackRock, Inc. | 9.72M | 7.50% | 13F | Aug 7, 2026 |
| State Farm Mutual Automobile Insurance Co | 9.52M | 7.35% | 13F | Aug 12, 2026 |
| Vanguard Capital Management LLC | 8.47M | 6.54% | 13F | Aug 13, 2026 |
| Vanguard Portfolio Management LLC | 7.02M | 5.41% | 13F | Aug 13, 2026 |
| State Street Corp | 6.15M | 4.74% | 13F | Aug 7, 2026 |
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Aug 21, 2026 | J. Thomas Hill | director | −14,000 | $276.17 |
| Aug 7, 2026 | David P. Clement | officer: Senior Vice President | −2,000 | $285.10 |
| Jun 15, 2026 | David P. Clement | officer: Senior Vice President | −2,212 | $292.29 |
| Feb 20, 2026 | Melissa H. Anderson | director | −1,137 | $303.72 |
| Dec 11, 2025 | Thompson S. Ii Baker | officer: President | −7,135 | $300.81 |
Peers
- Martin Marietta
Closest pure-play U.S. aggregates peer; head-to-head in Texas and the Southeast.
- CRH
Vertically integrated; #1 North American aggregates by volume, S&P 500.
- Amrize
#1 North American cement; 462 aggregate operations; NYSE-listed June 2025.
- Eagle Materials
Heartland cement and growing aggregates producer; makes gypsum wallboard too.
- Cemex (ADR)
Mexican multinational; cement, aggregates, ready-mix in Florida and California.
- Knife River
4th-largest U.S. sand and gravel producer; West/Mountain, expanding to Texas.
CompareAfter-hours close
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| Vulcan Materials | $274.03 | −0.20% | $35.57B | 32.4 | 27.8 | 4.4 | +2.5% |
| Martin Marietta | $530.45 | −0.09% | $31.90B | 13.0 | 26.9 | 4.8 | +7.5% |
| CRH | $95.86 | −0.03% | $64.05B | 15.1 | 22.7 | 1.1 | +5.6% |
| Amrize | $44.51 | −0.35% | $24.73B | 20.5 | 16.7 | — | +8.5% |
| Eagle Materials | $197.56 | 0.00% | $6.06B | 15.6 | 15.1 | 2.6 | +2.6% |
| Cemex (ADR) | $10.77 | −0.83% | $15.77B | 6.9 | 11.9 | 1.0 | +1,975.1% |
| Knife River | $64.37 | +0.16% | $3.65B | 26.2 | 20.4 | 1.1 | +12.6% |
| Median | 15.3 | 18.5 | 1.1 | +8.0% |