Martin Marietta Materials (MLM) FY2024 results: revenue $5.7 billion, down 3.2% on the year
Martin Marietta Materials Inc. (MLM) reported revenue of $5.7 billion for fiscal 2024, the year ended 31 December 2024, down 3.2% on the year before. Net income was $2.0 billion, up 70.7%, and diluted earnings per share $32.41. The figures are the company's own, from the 10-K it filed with the SEC on 21 February 2025.
Revenue
$5.7 billion
-3.2% on the year
FY2017FY2024
Operating margin
43.8%
22.8% a year earlier
FY2017FY2024
Net income
$2.0 billion
+70.7% on the year
FY2017FY2024
Diluted EPS
$32.41
+72.2% on the year
FY2017FY2024
this yearthe year beforeHover a bar for its figure.
$ million except per share. Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.
Cash flow
$ million
FY2024
FY2023
FY2022
On the year
Last 8 years
Operating cash flow
1,459
1,528
991
-4.5%
Capital expenditure
855
650
482
+31.5%
Free cash flow
604
878
509
-31.2%
Free cash flow margin
10.7%
15.0%
8.3%
Cash from investing
-2,444
459
-484
Cash from financing
373
-1,064
-408
Depreciation and amortisation
573
513
506
+11.7%
Share-based compensation
58.0
50.0
43.0
+16.0%
Buybacks
450
150
150
+200.0%
Dividends paid
189
174
160
+8.6%
Dividend per share
$3.06
$2.80
$2.54
+9.3%
Diluted shares, weighted
62m
62m
62m
-0.8%
Shares outstanding at period end
61m
62m
62m
-1.1%
Balance sheet
$ million
FY2024
FY2023
FY2022
On the year
Last 8 years
Shareholders' equity
9,453
8,033
7,170
+17.7%
Non-controlling interest
3.0
2.0
2.3
+50.0%
Debt
5,413
4,345
5,040
+24.6%
Operating lease liabilities
327
327
336
+0.1%
Finance lease liabilities
190
180
182
+5.6%
Other liabilities
2,784
2,238
2,263
+24.4%
Total liabilities and equity
18,170
15,125
14,994
+20.1%
Fixed assets
9,660
6,186
6,317
+56.2%
Goodwill
3,393
3,390
3,650
+0.1%
Intangible assets
62.0
664
812
-90.7%
Cash and equivalents
670
1,272
358
-47.3%
Receivables
678
753
786
-10.0%
Inventory
1,018
989
874
+3.0%
Other assets
2,689
1,872
2,198
+43.6%
Total assets
18,170
15,125
14,994
+20.1%
10-K for the year ended 31 December 2024, filed 21 February 2025: the filing.