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Stock research / United States / USLM · Mining & Quarrying Of Nonmetallic Minerals (No Fuels) · Nasdaq

United States Lime & Minerals Inc. (USLM)

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United States Lime & Minerals Inc. (USLM) reported revenue of $99 million for Q2 FY2026, the quarter ended 30 June 2026, up 8.3% on the same quarter a year earlier. Net income was $35 million, up 11.9% on the year, and diluted earnings per share $1.20. The figures are the company's own, from the 10-Q it filed with the SEC on 30 July 2026.

Revenue$99 millionup 8.3%
Net income$35 millionup 11.9%
Diluted EPS$1.20
QuarterQ2 FY2026ended 30 June 2026

United States Lime & Minerals (USLM) in brief

United States Lime & Minerals (USLM) reported revenue of $373 million for fiscal 2025, the year ended 31 December 2025, up 17.3% on the year before.
Read moreNet income was $134 million and diluted earnings per share $4.67. Revenue was $318 million in fiscal 2024, $281 million in fiscal 2023, $236 million in fiscal 2022 and $189 million in fiscal 2021. Net income in the same years was $109 million, $75 million, $45 million and $37 million. Over the twelve months to 30 June 2026, United States Lime & Minerals reported revenue of $377 million and net income of $134 million. Revenue grew 18.3% a year, compounded, over the five years to fiscal 2025. United States Lime & Minerals declared $0.24 a share in dividends over the last four quarters and had 29 million shares outstanding at the latest filed count. At 30 June 2026 it carried $0 million of debt and $403 million of cash. At the close of 9 October 2026 the market cap of United States Lime & Minerals was $3.1 billion, 23.2 times its earnings over the last twelve months.

Ratios

From the filings

ROE19.3%
ROCE22.8%
Operating margin42.1%
Net margin35.7%
FCF margin24.4%
Interest covern/a
Debt to equity0.00
Cash conversion1.21
Share count, 1 year0.2%
Sales CAGR, 3 years16.4%
Profit CAGR, 3 years43.5%
EPS, TTM$4.67

At the close of 9 October 2026

Price$108.53
Market cap$3.1 billion
Stock P/E23.24
Price to book4.48
EV / EBITDA14.68
Dividend yield0.2%
Market cap / sales8.26
52-week high$139.46
52-week low$97.49
Price, 1 year-11.3%
Price CAGR, 3 years36.8%
Price CAGR, 5 years35.8%
Worked from the filed figures; hover a name for the formula.
Read moreThe priced ones use the latest price, the last regular-hours trade on IEX. Debt to equity here stands on long-term debt as United States Lime & Minerals Inc. files it, with lease liabilities counted separately and never inside it. Nothing here is a valuation or a view.
USLMgreeksoup.ai
Daily prices to 9 October 2026, adjusted for splits; from 28 September 2026 each day's price is the last regular-hours trade on IEX.
Read moreData provided for free by IEX. By accessing or using IEX Historical Data, you agree to the IEX Historical Data Terms of Use. Day by day for the last three years; before that one point a week, carrying the week's last close and its average daily volume, so a volume bar means the same thing across the whole series; the bars sit under the price on their own scale, on the right. The moving averages need consecutive days and are drawn from the daily part. P/E is the close over the trailing four quarters' EPS as filed at each filing date, on the current share count; the dashed line is the median over the range shown. Sales and margin are quarterly revenue and the operating margin from the tables above. EV/EBITDA, price to book and market cap to sales use the latest filed balance sheet and share count at each date. Before the quarters on file begin, P/E, price to book and market cap to sales stand on each annual report from the day it was filed. Drawn in your browser; the range and overlay you pick are remembered here only.

The public record on USLM

Filings12 in twelve months: 5 current reports (8-K), about 4 results of operations; 1 shareholder vote
Planned insider salesno Form 144 notice in twelve months
Options tapeput/call 0.99 by open interest at the 9 October 2026 close; the straddle prices a 4.2% move to 16 October 2026
13F holders8 of the followed funds hold it; largest Renaissance Technologies; 1 Schedule 13D or 13G filing in twelve months
Insider trading2 sales and 1 purchase on Form 4 in twelve months
Congress0 House trades disclosed in six months
Short interest1.1 million shares short, 6.72 days to cover at 30 September 2026
Documentsthe 10-K, the 10-Qs, the proxy and 4 earnings press releases, each linked

Quarterly results, the last 12 quarters

Q3 FY2023Q4 FY2023 *Q1 FY2024Q2 FY2024Q3 FY2024Q4 FY2024 *Q1 FY2025Q2 FY2025Q3 FY2025Q4 FY2025 *Q1 FY2026Q2 FY2026
Revenue74.965.771.776.589.480.191.391.510287.987.899.1
Cost of revenue46.742.141.141.746.344.645.149.649.845.846.152.4
Gross profit28.223.630.634.843.135.446.241.952.242.241.846.7
Gross margin38%36%43%45%48%44%51%46%51%48%48%47%
SG&A4.44.64.84.95.04.46.36.25.96.26.06.1
Operating income23.819.025.829.938.131.139.935.746.336.035.840.7
Operating margin32%29%36%39%43%39%44%39%45%41%41%41%
Pre-tax income26.021.428.332.741.234.243.038.849.739.639.044.0
Tax rate20%20%21%20%19%21%21%21%22%23%22%22%
Net income20.717.022.426.133.427.034.130.838.830.530.634.5
Net margin28%26%31%34%37%34%37%34%38%35%35%35%
Diluted EPS$0.73$0.60$0.78$0.91$1.16$0.94$1.19$1.07$1.35$1.06$1.06$1.20
Operating cash flow24.427.627.221.239.038.639.434.045.945.632.139.1
Capital expenditure5.113.76.84.45.211.014.913.314.719.918.317.9
Free cash flow19.313.920.316.833.927.624.620.831.325.713.721.2
Buybacks0.01.20.20.00.03.30.40.00.02.30.40.0
Dividends paid1.11.11.41.41.41.41.71.71.71.71.71.7
Shares outstanding28m143m29m29m29m29m29m29m29m29m29m29m
Filing10-Q10-K10-Q10-Q10-Q10-K10-Q10-Q10-Q10-K10-Q10-Q
Each quarter as filed, linked to its filing.
Read more* The fourth quarter is the full year less the first three quarters, because the company files the year and not the quarter on its own. A fourth quarter's EPS and diluted share count are from the company's results press release for that quarter, used where the release gives the same revenue and net income as the table. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and the share count are as they are. Free 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. Cash flow lines filed year to date are the difference between two filings. Shares outstanding are at the period end where the balance sheet tags them, otherwise the count on the filing's cover page. A derived fourth-quarter EPS is left blank when a split in the year makes the arithmetic meaningless.

Income statement (profit and loss), 12 fiscal years and the trailing twelve months

FY2014 †FY2015FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025TTM
Revenue150131139145144158161189236281318373377
Cost of revenue113102106110114117113130166178174190194
Gross profit36.828.733.134.430.541.747.659.370.3103144182183
Gross margin24.6%21.9%23.8%23.7%21.1%26.3%29.6%31.3%29.8%36.6%45.3%48.9%48.5%
Selling, general and administrative9.59.69.610.210.511.512.212.815.617.419.124.524.1
Operating income27.319.123.524.220.029.233.946.454.885.4125158159
Operating margin18.2%14.6%16.9%16.7%13.8%18.5%21.1%24.5%23.2%30.4%39.3%42.4%42.1%
Interest expense1.51.00.20.20.20.20.20.20.3n/an/an/an/a
Pre-tax income25.917.523.624.921.630.934.146.556.693.4136171172
Income tax6.64.65.9-2.21.94.85.89.511.118.827.536.737.9
Effective tax rate25.3%26.3%24.8%-8.8%8.7%15.7%17.2%20.4%19.7%20.2%20.2%21.5%22.0%
Net income19.412.917.827.119.726.128.237.045.474.5109134134
Net margin12.9%9.8%12.7%18.7%13.6%16.5%17.6%19.6%19.2%26.5%34.3%36.0%35.7%
Diluted EPS$0.69$0.46$0.64$0.97$0.70$0.93$1.00$1.31$1.60$2.61$3.79$4.67$4.67
Filing10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K
From each year's 10-K, linked; TTM is the last four quarters.
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. † The year as the company last restated it in a later filing; rest on a figure for the one first filed. EPS is as filed.

Cash flow and capital returned

FY2014 †FY2015FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025TTM
Operating cash flow32.032.537.834.338.747.058.655.764.492.3126165163
Capital expenditure11.711.517.721.353.827.117.129.926.834.227.462.770.8
Free cash flow20.321.020.212.9-15.019.941.425.837.558.098.610291.8
Free cash flow margin13.5%16.1%14.5%8.9%-10.4%12.6%25.8%13.6%15.9%20.6%31.0%27.4%24.4%
Cash from investingn/a-11.1-17.5-20.7-53.2-26.5-25.2-29.6-31.2-32.0-26.9-62.5-70.5
Cash from financingn/a-19.8-5.6-3.2-3.4-33.4-4.1-4.3-5.2-5.7-9.1-9.4-9.4
Depreciation and amortisation14.916.016.116.517.617.619.620.922.223.824.225.225.9
Share-based compensation1.11.21.01.41.51.51.92.22.63.24.98.17.4
Buybacks0.30.42.90.30.40.40.60.70.81.33.52.72.6
Dividends paid2.82.82.83.03.033.13.63.64.54.65.76.96.9
Dividend per share$0.10$0.10$0.10$0.11$0.11$1.18$0.13$0.13$0.16$0.16$0.20$0.24n/a
Diluted shares, weighted28m28m28m28m28m28m28m28m28m29m29m29m29m
Shares outstanding at period endn/an/an/an/an/an/an/an/an/a143mn/an/a29m
Filing10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K
Cash paid in the year, from the cash flow statement.
Read moreThe dividend per share is as declared. Diluted shares are the weighted average for the year; a falling count is the buybacks net of issuance. TTM sums the last four quarters; the share counts are the latest quarter's.

Balance sheet at year end

FY2014 †FY2015FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025TTM
Funded by
Shareholders' equity155167180205223217243278321393498631696
Debt16.70.00.00.00.00.00.00.00.00.00.00.00.0
Operating lease liabilitiesn/an/an/an/an/a1.91.02.34.13.93.42.41.7
Other liabilities28.629.930.523.221.728.034.935.742.643.642.047.949.9
Total liabilities and equity200196210228245247279316368441543681747
Owned
Fixed assets109104105110143151152162172180183221242
Cash and equivalents58.359.974.785.067.254.383.6105133188278371403
Receivables17.415.916.816.519.622.923.026.733.638.144.047.961.0
Inventory13.414.712.413.512.813.415.215.119.624.327.730.932.0
Other assets2.31.61.33.72.25.84.96.89.210.510.69.79.7
Total assets200196210228245247279316368441543681747
Filing10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K
At the fiscal year end; the TTM column is the latest quarter end.
Read moreBoth totals are the company's own. Other liabilities is the filed total less the rows above it: payables, deferred revenue, taxes, borrowings the rows above do not carry and the rest; other assets is the same on the other side. Investments add the current and non-current lines as filed. Debt is the company's own stated total where it files one, otherwise its long-term debt with the current maturities, never parts added together. A row is left blank in a year where the lines shown overlap and the remainder would fall below nil.

Compounded growth

10 years5 years3 yearsTTM
Sales growth, compounded11.0%18.3%16.4%7.0%
Profit growth, compounded26.4%36.6%43.5%7.3%
Return on equity, average14.5%17.9%20.7%21.3%
Yearly growth, compounded; TTM is the last four quarters against the four before.
Read moreReturn on equity is net income over shareholders' equity at each year end, averaged over the window (the TTM column is the latest year alone); equity is the parent's shareholders' equity as tagged in the 10-K. Arithmetic on filed numbers, nothing forecast.

Questions

What was United States Lime & Minerals' revenue in fiscal 2025?

United States Lime & Minerals (USLM) reported revenue of $373 million for fiscal 2025, the year ended 31 December 2025, up 17.3% on the year before.

How much did United States Lime & Minerals earn in fiscal 2025?

Net income was $134 million for fiscal 2025, and diluted earnings per share $4.67.

What is United States Lime & Minerals' P/E ratio?

At the close of 9 October 2026, United States Lime & Minerals traded at 23.2 times its earnings over the twelve months to 30 June 2026.

What is United States Lime & Minerals' market cap?

The market cap of United States Lime & Minerals was $3.1 billion at the close of 9 October 2026.

Does United States Lime & Minerals pay a dividend?

Yes. United States Lime & Minerals declared $0.24 a share in dividends over the four quarters to 30 June 2026.

Peers: Non-Metallic and Industrial Metal Mining

CompanyMarket capP/EROEOp. marginSales growth
TTM
Debt to equityDiv. yield
BHP Group Limited BHP *$220.4 billion22.4519.3%40.6%14.6%0.463.1%
Rio Tinto plc RIO *$154.2 billion15.5816.0%25.9%7.4%0.354.0%
Freeport-McMoRan Inc. FCX$105.8 billion36.3114.6%26.8%0.2%0.470.8%
Vale S.A. VALE *$58.2 billionn/a7.0%15.4%0.9%0.546.1%
Vulcan Materials Co. VMC$31.7 billion28.8813.2%20.2%6.9%0.520.8%
Martin Marietta Materials Inc. MLM$28.7 billion11.7621.3%n/a14.8%0.520.7%
Hecla Mining Co. HL$11.5 billion34.8212.5%46.0%51.2%0.000.1%
MP Materials Corp. MP$8.2 billionn/a-3.1%-41.5%26.1%0.48n/a
Cleveland-Cliffs Inc. CLF$7.4 billionn/a-15.6%-4.2%4.0%1.370.5%
Centrus Energy Corp. LEU$3.1 billion64.735.7%1.6%8.5%1.39n/a
United States Lime & Minerals Inc. USLM$3.1 billion23.2419.3%42.1%7.0%0.000.2%
Knife River Corp. KNF$2.8 billion20.348.7%8.3%12.1%1.01n/a
5 companies share its SEC industry code (Mining & Quarrying Of Nonmetallic Minerals (No Fuels)); the rest are the names nearest in size in its wider industry, Non-Metallic and Industrial Metal Mining, one of the Fama-French 48 industries, a published grouping of SEC industry codes.
Read moreBy market capitalisation; a click on a heading sorts by it, largest first, and a second click turns it round. Each figure is the same arithmetic as the ratio box above, on each company's own filings and latest close; a name marked * is a foreign company that files once a year, on its latest fiscal year.

Filings

FilingPeriodFiledWhere
10-Q30 June 202630 July 2026EDGAR
10-Q31 March 202630 April 2026EDGAR
10-K31 December 202526 February 2026EDGAR
10-Q30 September 202530 October 2025EDGAR
10-Q30 June 202531 July 2025EDGAR
10-Q31 March 20251 May 2025EDGAR
10-K31 December 202427 February 2025EDGAR
10-Q30 September 202431 October 2024EDGAR
10-Q30 June 20242 August 2024EDGAR
10-Q31 March 20241 May 2024EDGAR

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