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Stocks · Materials · Mining & Quarrying of Nonmetallic Minerals (No Fuels)

Vulcan Materials Company

VMC Clue Score55
United States Fiscal year ends December CIK 0001396009
$244.58 -0.68% Close, 9 Oct 2026
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Price $244.58 +42.30% Close, 9 Oct 2026

Closing prices at the end of each trading day, from 12 Oct 2016. Not a live quote. Adjusted for share splits, so the line has no step at a split; dividends are not added back. P/E and P/FCF are the market value over the last full fiscal year's net income or free cash flow, as public on each day, so they step once a year when the annual report comes out. A hatched band marks a stretch with none: a year of net loss, or of cash burnt.

Revenue and profit

What the business sells, and what is left of it. Point at a year for the detail.
RevenueOperating incomeNet income
Fiscal year 2016Revenue3.59Operating income0.67Net income0.42EPS, diluted3.09Fiscal year 2017Revenue3.89 +8.3%Operating income0.64Net income0.60 +43.3%EPS, diluted4.46 +44.3%Fiscal year 2018Revenue4.38 +12.7%Operating income0.75Net income0.52 −14.2%EPS, diluted3.85 −13.7%Fiscal year 2019Revenue4.93 +12.5%Operating income0.88Net income0.62 +19.8%EPS, diluted4.63 +20.3%Fiscal year 2020Revenue4.86 −1.5%Operating income0.90Net income0.58 −5.4%EPS, diluted4.39 −5.2%Fiscal year 2021Revenue5.55 +14.3%Operating income1.01Net income0.67 +14.8%EPS, diluted5.02 +14.4%Fiscal year 2022Revenue7.32 +31.8%Operating income0.95Net income0.58 −14.2%EPS, diluted4.31 −14.1%Fiscal year 2023Revenue7.78 +6.4%Operating income1.43Net income0.93 +62.1%EPS, diluted6.98 +61.9%Fiscal year 2024Revenue7.42 −4.7%Operating income1.36Net income0.91 −2.3%EPS, diluted6.85 −1.9%Fiscal year 2025Revenue7.94 +7.1%Operating income1.62Net income1.08 +18.1%EPS, diluted8.11 +18.4%
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Revenue 3.59 3.89 4.38 4.93 4.86 5.55 7.32 7.78 7.42 7.94
Growth +8.3% +12.7% +12.5% −1.5% +14.3% +31.8% +6.4% −4.7% +7.1%
Operating income 0.67 0.64 0.75 0.88 0.90 1.01 0.95 1.43 1.36 1.62
Net income 0.42 0.60 0.52 0.62 0.58 0.67 0.58 0.93 0.91 1.08
Growth +43.3% −14.2% +19.8% −5.4% +14.8% −14.2% +62.1% −2.3% +18.1%
EPS, diluted 3.09 4.46 3.85 4.63 4.39 5.02 4.31 6.98 6.85 8.11
Growth +44.3% −13.7% +20.3% −5.2% +14.4% −14.1% +61.9% −1.9% +18.4%

Margins

How much of each dollar of revenue it keeps. Point at a year for the detail.
Gross marginOperating marginNet margin
Fiscal year 2016Gross margin27.5%Operating margin18.5%Net margin11.7%Free cash flow margin8.2%Fiscal year 2017Gross margin25.5%Operating margin16.4%Net margin15.5%Free cash flow margin4.8%Fiscal year 2018Gross margin25.1%Operating margin17.1%Net margin11.8%Free cash flow margin8.3%Fiscal year 2019Gross margin25.5%Operating margin17.8%Net margin12.5%Free cash flow margin12.2%Fiscal year 2020Gross margin26.4%Operating margin18.4%Net margin12.0%Free cash flow margin14.6%Fiscal year 2021Gross margin24.7%Operating margin18.2%Net margin12.1%Free cash flow margin10.1%Fiscal year 2022Gross margin21.3%Operating margin13.0%Net margin7.9%Free cash flow margin7.3%Fiscal year 2023Gross margin25.0%Operating margin18.3%Net margin12.0%Free cash flow margin8.5%Fiscal year 2024Gross margin27.0%Operating margin18.4%Net margin12.3%Free cash flow margin10.9%Fiscal year 2025Gross margin27.4%Operating margin20.4%Net margin13.6%Free cash flow margin14.3%
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Gross margin 27.5% 25.5% 25.1% 25.5% 26.4% 24.7% 21.3% 25.0% 27.0% 27.4%
Operating margin 18.5% 16.4% 17.1% 17.8% 18.4% 18.2% 13.0% 18.3% 18.4% 20.4%
Net margin 11.7% 15.5% 11.8% 12.5% 12.0% 12.1% 7.9% 12.0% 12.3% 13.6%
Free cash flow margin 8.2% 4.8% 8.3% 12.2% 14.6% 10.1% 7.3% 8.5% 10.9% 14.3%

Cash flow

The cash the business makes, what it reinvests, and what it hands back. Point at a year for the detail.
Operating cash flowCapital expenditureFree cash flow
Fiscal year 2016Operating cash flow0.64Capital expenditure−0.35Free cash flow0.29Buybacks−0.16Dividends paid−0.11Fiscal year 2017Operating cash flow0.64Capital expenditure−0.46Free cash flow0.19 −37.1%Buybacks−0.06Dividends paid−0.13Fiscal year 2018Operating cash flow0.83Capital expenditure−0.47Free cash flow0.36 +96.5%Buybacks−0.13Dividends paid−0.15Fiscal year 2019Operating cash flow0.98Capital expenditure−0.38Free cash flow0.60 +65.0%Buybacks−0.00Dividends paid−0.16Fiscal year 2020Operating cash flow1.07Capital expenditure−0.36Free cash flow0.71 +18.0%Buybacks−0.03Dividends paid−0.18Fiscal year 2021Operating cash flow1.01Capital expenditure−0.45Free cash flow0.56 −20.8%Buybacks0.00Dividends paid−0.20Fiscal year 2022Operating cash flow1.15Capital expenditure−0.61Free cash flow0.54 −4.5%Buybacks0.00Dividends paid−0.21Fiscal year 2023Operating cash flow1.54Capital expenditure−0.87Free cash flow0.66 +24.0%Buybacks−0.20Dividends paid−0.23Fiscal year 2024Operating cash flow1.41Capital expenditure−0.60Free cash flow0.81 +21.4%Buybacks−0.07Dividends paid−0.24Fiscal year 2025Operating cash flow1.81Capital expenditure−0.68Free cash flow1.14 +40.8%Buybacks−0.44Dividends paid−0.26
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Operating cash flow 0.64 0.64 0.83 0.98 1.07 1.01 1.15 1.54 1.41 1.81
Capital expenditure −0.35 −0.46 −0.47 −0.38 −0.36 −0.45 −0.61 −0.87 −0.60 −0.68
Free cash flow 0.29 0.19 0.36 0.60 0.71 0.56 0.54 0.66 0.81 1.14
Growth −37.1% +96.5% +65.0% +18.0% −20.8% −4.5% +24.0% +21.4% +40.8%
Buybacks −0.16 −0.06 −0.13 −0.00 −0.03 0.00 0.00 −0.20 −0.07 −0.44
Dividends paid −0.11 −0.13 −0.15 −0.16 −0.18 −0.20 −0.21 −0.23 −0.24 −0.26

Balance sheet

What it holds against what it owes, at each year end. Point at a year for the detail.
CashTotal debt
Fiscal year 2016Cash0.26Total debt1.98Net cash (debt)−1.72Shareholders’ equity4.57Debt to equity0.43Fiscal year 2017Cash0.14Total debt2.85Net cash (debt)−2.71Shareholders’ equity4.97Debt to equity0.57Fiscal year 2018Cash0.04Total debt2.78Net cash (debt)−2.74Shareholders’ equity5.20Debt to equity0.53Fiscal year 2019Cash0.27Total debt2.78Net cash (debt)−2.51Shareholders’ equity5.62Debt to equity0.50Fiscal year 2020Cash1.20Total debt3.29Net cash (debt)−2.09Shareholders’ equity6.03Debt to equity0.55Fiscal year 2021Cash0.24Total debt3.88Net cash (debt)−3.65Shareholders’ equity6.55Debt to equity0.59Fiscal year 2022Cash0.16Total debt3.88Net cash (debt)−3.71Shareholders’ equity6.93Debt to equity0.56Fiscal year 2023Cash0.93Total debt3.88Net cash (debt)−2.95Shareholders’ equity7.48Debt to equity0.52Fiscal year 2024Cash0.56Total debt5.31Net cash (debt)−4.75Shareholders’ equity8.12Debt to equity0.65Fiscal year 2025Cash0.18Total debt4.36Net cash (debt)−4.18Shareholders’ equity8.53Debt to equity0.51
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Cash 0.26 0.14 0.04 0.27 1.20 0.24 0.16 0.93 0.56 0.18
Total debt 1.98 2.85 2.78 2.78 3.29 3.88 3.88 3.88 5.31 4.36
Net cash (debt) −1.72 −2.71 −2.74 −2.51 −2.09 −3.65 −3.71 −2.95 −4.75 −4.18
Shareholders’ equity 4.57 4.97 5.20 5.62 6.03 6.55 6.93 7.48 8.12 8.53
Debt to equity 0.43 0.57 0.53 0.50 0.55 0.59 0.56 0.52 0.65 0.51

In billions of USD, except per-share figures and ratios. Fiscal years, as last filed with the SEC.

Financial statements FY2025 · 10-K

Ratios

Percentages worked out from the filed figures; debt to equity in times. Fiscal years ending December, each column as last filed with the SEC.
Click a line to chart it
Fiscal year FY2016 31 Dec 2016 FY2017 31 Dec 2017 FY2018 31 Dec 2018 FY2019 31 Dec 2019 FY2020 31 Dec 2020 FY2021 31 Dec 2021 FY2022 31 Dec 2022 FY2023 31 Dec 2023 FY2024 31 Dec 2024 FY2025 31 Dec 2025
Margins
27.5% 25.5% 25.1% 25.5% 26.4% 24.7% 21.3% 25.0% 27.0% 27.4%
18.5% 16.4% 17.1% 17.8% 18.4% 18.2% 13.0% 18.3% 18.4% 20.4%
15.2% 9.3% 14.2% 15.4% 15.3% 15.7% 10.8% 16.0% 15.8% 17.5%
11.7% 15.5% 11.8% 12.5% 12.0% 12.1% 7.9% 12.0% 12.3% 13.6%
8.2% 4.8% 8.3% 12.2% 14.6% 10.1% 7.3% 8.5% 10.9% 14.3%
Spending
8.8% 8.4% 7.6% 7.5% 7.4% 7.5% 7.0% 7.0% 7.2% 7.1%
9.7% 11.8% 10.7% 7.8% 7.5% 8.1% 8.4% 11.2% 8.1% 8.5%
22.8% −64.2% 16.9% 17.8% 20.9% 22.9% 24.5% 24.0% 21.4% 22.1%
Returns
9.2% 12.1% 9.9% 11.0% 9.7% 10.2% 8.3% 12.5% 11.2% 12.6%
5.0% 6.3% 5.2% 5.8% 5.0% 4.9% 4.0% 6.4% 5.3% 6.4%
Balance and payout
0.43 0.57 0.53 0.50 0.55 0.59 0.56 0.52 0.65 0.51
46.0% 47.7% 47.1% 47.2% 48.4% 52.0% 51.2% 48.4% 52.4% 48.8%
25.3% 22.0% 28.7% 26.6% 30.8% 29.3% 36.9% 24.5% 26.8% 24.1%
91.0% 104.1% 77.6% 27.8% 29.1% 35.0% 39.7% 64.5% 38.9% 61.5%