Vulcan Materials (VMC) FY2024 results: revenue $7.4 billion, down 4.7% on the year
Vulcan Materials Co. (VMC) reported revenue of $7.4 billion for fiscal 2024, the year ended 31 December 2024, down 4.7% on the year before. Net income was $912 million, down 2.3%, and diluted earnings per share $6.85. The figures are the company's own, from the 10-K it filed with the SEC on 20 February 2025.
Revenue
$7.4 billion
-4.7% on the year
FY2017FY2024
Operating margin
18.4%
18.3% a year earlier
FY2017FY2024
Net income
$912 million
-2.3% on the year
FY2017FY2024
Diluted EPS
$6.85
-1.9% 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
1,410
1,537
1,148
-8.3%
Capital expenditure
604
873
613
-30.8%
Free cash flow
806
664
536
+21.4%
Free cash flow margin
10.9%
8.5%
7.3%
Cash from investing
-2,815
-164
-1,053
Cash from financing
1,057
-586
-175
Depreciation and amortisation
632
617
588
+2.5%
Share-based compensation
53.4
63.2
41.1
-15.5%
Buybacks
68.8
200
0.0
-65.6%
Dividends paid
244
228
213
+7.0%
Dividend per share
$1.84
$1.72
$1.60
+7.0%
Diluted shares, weighted
133m
134m
134m
-0.4%
Shares outstanding at period end
132m
132m
133m
0.0%
Balance sheet
$ million
FY2024
FY2023
FY2022
On the year
Last 8 years
Shareholders' equity
8,119
7,483
6,929
+8.5%
Non-controlling interest
23.9
24.5
23.6
-2.4%
Short-term borrowings
0.0
0.0
n/a
Debt
5,307
3,878
3,976
+36.9%
Operating lease liabilities
521
507
548
+2.8%
Finance lease liabilities
9.7
16.6
34.8
-41.6%
Other liabilities
3,124
2,636
2,724
+18.5%
Total liabilities and equity
17,105
14,546
14,235
+17.6%
Fixed assets
8,462
6,218
6,051
+36.1%
Goodwill
3,788
3,532
3,690
+7.3%
Intangible assets
1,883
1,461
1,702
+28.9%
Cash and equivalents
560
931
161
-39.9%
Receivables
n/a
n/a
846
Inventory
682
616
579
+10.8%
Other assets
1,731
1,789
1,205
-3.3%
Total assets
17,105
14,546
14,235
+17.6%
10-K for the year ended 31 December 2024, filed 20 February 2025: the filing.