Martin Marietta Materials (NYSE:MLM) Releases Earnings Results, Misses Estimates By $0.19 EPS

Martin Marietta Materials (NYSE:MLM) released its earnings results on Wednesday. The construction company reported $4.62 earnings per share (EPS) for the quarter, missing the consensus estimate of $4.81 by ($0.19), FiscalAI reports. The business had revenue of $1.53 billion during the quarter, compared to the consensus estimate of $1.66 billion. Martin Marietta Materials had a net margin of 17.34% and a return on equity of 11.68%. The business’s revenue was up 9.3% on a year-over-year basis. During the same period in the prior year, the company earned $4.79 earnings per share.

Here are the key takeaways from Martin Marietta Materials’ conference call:

• Martin Marietta reported a record 2025, saying SOAR 2025 targets were met with strong capital allocation (about $16 billion of portfolio transactions), ~$2.1 billion returned to shareholders, and leverage inside their target range (2.0–2.5x).
• 2026 guidance assumes modest growth — shipments ~+2% at the midpoint and consolidated Adjusted EBITDA of approximately $2.49 billion (includes discontinued ops) — while planned capex is cut to $575 million to boost free cash for M&A and buybacks; the pending Quikrete asset exchange (expected close in Q1) will prompt an updated guide.
• The core aggregates business drove results — full-year aggregates revenue up, gross profit per ton rose materially (2025 ag GP/ton of $8.45, +12% YoY), and price-cost spread strength plus a network-optimization pilot that lowered COGS per ton point to further margin upside as rollout continues.
• Near-term demand risks remain — private single-family housing and non-residential starts are well below recent peaks and affordability is a constraint, and the Premier Magnesia acquisition is margin-dilutive to specialties while recently announced M&A (Quikrete, Minnesota) may create ASP/mix headwinds until integrated.

Martin Marietta Materials Price Performance

Shares of MLM traded down $10.90 during trading hours on Thursday, reaching $650.76. 157,434 shares of the company’s stock traded hands, compared to its average volume of 445,812. The company has a current ratio of 2.97, a quick ratio of 2.07 and a debt-to-equity ratio of 0.54. The firm’s 50 day simple moving average is $644.66 and its 200-day simple moving average is $624.71. The stock has a market cap of $39.25 billion, a PE ratio of 34.28 and a beta of 1.16. Martin Marietta Materials has a 12 month low of $441.95 and a 12 month high of $710.97.

Hedge Funds Weigh In On Martin Marietta Materials

A number of institutional investors have recently made changes to their positions in MLM. Quarry LP purchased a new position in Martin Marietta Materials in the third quarter worth $38,000. Osterweis Capital Management Inc. purchased a new position in shares of Martin Marietta Materials during the 2nd quarter valued at about $37,000. Johnson Financial Group Inc. boosted its stake in Martin Marietta Materials by 586.7% in the third quarter. Johnson Financial Group Inc. now owns 103 shares of the construction company’s stock worth $65,000 after buying an additional 88 shares in the last quarter. Caitong International Asset Management Co. Ltd purchased a new stake in Martin Marietta Materials in the third quarter worth approximately $72,000. Finally, MUFG Securities EMEA plc bought a new stake in shares of Martin Marietta Materials in the 2nd quarter worth approximately $98,000. Institutional investors own 95.04% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on MLM shares. JPMorgan Chase & Co. raised their target price on Martin Marietta Materials from $670.00 to $700.00 and gave the company a “neutral” rating in a research report on Tuesday, November 11th. Morgan Stanley increased their price target on shares of Martin Marietta Materials from $660.00 to $690.00 and gave the company an “overweight” rating in a research report on Monday, December 22nd. Barclays lifted their price objective on shares of Martin Marietta Materials from $600.00 to $675.00 and gave the stock an “overweight” rating in a research report on Monday, October 20th. B. Riley Financial assumed coverage on shares of Martin Marietta Materials in a research report on Thursday, January 15th. They set a “neutral” rating and a $700.00 target price for the company. Finally, UBS Group raised their price target on shares of Martin Marietta Materials from $705.00 to $723.00 and gave the stock a “buy” rating in a research note on Friday, November 7th. Ten equities research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $674.81.

Key Martin Marietta Materials News

Here are the key news stories impacting Martin Marietta Materials this week:

• Positive Sentiment: Company set a 2026 adjusted EBITDA target of $2.49 billion and reaffirmed progress on its SOAR 2030 strategy, signaling management is focused on margin expansion and long‑term profitability improvement. Martin Marietta outlines $2.49B adjusted EBITDA target for 2026
• Positive Sentiment: Company reported record aggregates revenues, gross profit and margin for the quarter, which supports the case for structural strength in core operations even as headline numbers disappointed. Martin Marietta Reports Fourth-Quarter and Full-Year 2025 Results
• Neutral Sentiment: Leadership bolstering: Martin Marietta appointed George F. Schoen as EVP, General Counsel and Corporate Secretary, a governance hire that reduces execution risk but is not material to near‑term earnings. Appointment of George F. Schoen
• Neutral Sentiment: Earnings call transcript and slides are available for deeper read-through; useful for investors wanting detail on segment trends, pricing and cost outlook. Q4 2025 Earnings Call Transcript
• Negative Sentiment: Q4 results missed expectations: reported EPS of $4.62 and revenue of $1.53B versus analyst expectations near $4.81 and $1.66B — the misses pressured sentiment and raise short‑term growth concerns. Q4 results and materials
• Negative Sentiment: Management cut 2026 revenue guidance to $6.4–$6.8B versus consensus ~ $7.1B, implying a softer sales outlook that could weigh on near‑term earnings revisions. Guidance and results press release
• Negative Sentiment: Analyst reaction: Wells Fargo cut its price target from $631 to $612 and moved to an “equal weight” rating, signaling reduced upside in broker models and adding selling pressure. Wells Fargo lowers price target
• Negative Sentiment: Market reaction: several headlines note the stock slid after the Q4 miss and softer 2026 outlook, reflecting short‑term investor concern about revenue momentum. Shares fall on earnings miss

Martin Marietta Materials Company Profile

Martin Marietta Materials, Inc (NYSE: MLM) is a leading producer of aggregates and heavy building materials serving the construction and infrastructure markets. The company operates quarries, sand and gravel pits, and other extraction sites to supply crushed stone, sand and gravel, and a range of value‑added products for use in roads, bridges, commercial and residential construction, and other civil engineering projects.

In addition to its core aggregates business, Martin Marietta manufactures and sells asphalt, ready‑mixed concrete and related materials and services.