MARTIN MARIETTA MATERIALS INC（MLM）の決算・業績分析
MARTIN MARIETTA MATERIALS INCの2025年有価証券報告書をAI分析。売上高$6.2B(-5.9%)。営業利益$1.4B。Materials。
目次
MARTIN MARIETTA MATERIALS INCの2025年度 業績サマリー
MARTIN MARIETTA MATERIALS INC（証券コード: MLM）の2025年度決算・業績分析。売上高は$6.2B（前年比-5.9%）。営業利益は$1.4B（前年比-46.9%）。純利益は$1.1B（前年比-43.0%）。有価証券報告書を基に、業績変化の要因・リスク・見通し・セグメント構成を AI が分析しました。
MARTIN MARIETTA MATERIALS INCの2024年度 注目ポイント
※ 直近の2025年度XBRLデータは取込済みですが、AI分析は2024年度の10-Kを対象としています。
- Revenue grew 13.8% YoY to $6.2B (XBRL), driven by strategic acquisitions and strong demand in aggregates and cement.
- Operating income surged 23.9% YoY to $1.2B (XBRL), with gross margin at 23.1% and net margin at 14.1% (XBRL).
- Net debt stood at $3.6B (2.1x EBITDA) (XBRL), while cash reserves totaled $358M (XBRL).
- Shareholder returns reached $310M via dividends ($160M) and buybacks ($150M) (XBRL).
MARTIN MARIETTA MATERIALS INCの売上高変化の要因
- •Total revenue reached $6.2B (XBRL), reflecting a 13.8% YoY increase. Growth was driven by strategic acquisitions, divestitures of non-core assets, and strong demand in aggregates, cement, and downstream products (10-K). The 5-year revenue CAGR was 6.6% (XBRL). Segment-specific revenue figures are not disclosed in the XBRL data or 10-K (N/A).
MARTIN MARIETTA MATERIALS INCの営業利益変化の要因
- •Gross profit was $1.4B (23.1% margin) (XBRL), while operating income rose 23.9% YoY to $1.2B (19.6% margin) (XBRL). Net income increased 23.4% YoY to $867M (14.1% margin) (XBRL), boosted by a $976M nonrecurring gain from the South Texas divestiture (10-K).
MARTIN MARIETTA MATERIALS INCの事業リスクと対応
Cyclical dependence on construction industry (10-K).
Economic/political uncertainty affecting credit and infrastructure funding (10-K).
High transportation costs making profitability sensitive to local economic conditions (10-K).
Recession risks reducing demand for products (10-K).
Geopolitical disruptions (e.g., terrorism) impacting construction spending (10-K).
MARTIN MARIETTA MATERIALS INCの今後の見通し・業績予想
MARTIN MARIETTA MATERIALS INCの事業内容
Martin Marietta Materials Inc. (MLM) operates as a natural resource-based building materials company, generating revenue through aggregates (crushed stone, sand, gravel), cement, ready-mixed concrete, asphalt, paving services, and magnesia-based chemicals/dolomitic lime (10-K). Its competitive advantages include geographic expansion via acquisitions (e.g., Albert Frei & Sons), long-term reserves, and diversified product lines across building materials and magnesia specialties (10-K). Key customers include construction industries for infrastructure, nonresidential, and residential projects, with no significant customer concentration (10-K).
MARTIN MARIETTA MATERIALS INCのAI業績分析レポート（2024年度）
Annual Report Analysis: Martin Marietta Materials Inc. (MLM) FY2024
Highlights
Business Overview
Martin Marietta Materials Inc. (MLM) operates as a natural resource-based building materials company, generating revenue through aggregates (crushed stone, sand, gravel), cement, ready-mixed concrete, asphalt, paving services, and magnesia-based chemicals/dolomitic lime (10-K). Its competitive advantages include geographic expansion via acquisitions (e.g., Albert Frei & Sons), long-term reserves, and diversified product lines across building materials and magnesia specialties (10-K). Key customers include construction industries for infrastructure, nonresidential, and residential projects, with no significant customer concentration (10-K).
Revenue Analysis
Total revenue reached $6.2B (XBRL), reflecting a 13.8% YoY increase. Growth was driven by strategic acquisitions, divestitures of non-core assets, and strong demand in aggregates, cement, and downstream products (10-K). The 5-year revenue CAGR was 6.6% (XBRL). Segment-specific revenue figures are not disclosed in the XBRL data or 10-K (N/A).
Profitability Analysis
Gross profit was $1.4B (23.1% margin) (XBRL), while operating income rose 23.9% YoY to $1.2B (19.6% margin) (XBRL). Net income increased 23.4% YoY to $867M (14.1% margin) (XBRL), boosted by a $976M nonrecurring gain from the South Texas divestiture (10-K).
Balance Sheet Analysis
Equity ratio was 53.1% (XBRL), with debt-to-equity (D/E) at 0.88x (XBRL) and current ratio at 3.35x (XBRL). Net debt totaled $3.6B (2.1x EBITDA) (XBRL), while cash reserves were $358M (XBRL). Long-term debt was $3.9B (XBRL), but maturity schedules and interest rates are not disclosed (N/A).
Cash Flow Analysis
Operating cash flow was $991M (XBRL), with free cash flow (FCF) at $509M (XBRL) after $482M in CapEx (XBRL). Shareholder returns totaled $310M via dividends ($160M) and share repurchases ($150M) (XBRL).
Working Capital Analysis
Cash conversion cycle (CCC) was 94 days (XBRL), with receivables at 45 days, inventory at 76 days, and payables at 26 days (XBRL).
Risks
Outlook
Management emphasized aggregates-led growth, divestitures of non-core assets, and acquisitions in attractive markets as key trends (10-K). No specific forward-looking guidance figures are provided (N/A).
Historical Time Series
| Metric | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|
| Revenue | 4.2B | 4.7B | 4.7B | 5.4B | 6.2B | 5.9B |
| Operating Income | 691M | 885M | 1.0B | 974M | 1.2B | 1.3B |
| Net Income | 470M | 612M | 721M | 702M | 867M | 1.2B |
| Total Assets | 9.6B | 10.1B | 10.6B | 14.4B | 15.1B | 18.2B |
| Total Equity | 5.4B | 5.9B | 6.5B | 7.2B | 8.0B | 9.5B |
| Operating Cash Flow | 705M | 966M | 1.1B | 1.1B | 991M | 1.5B |
Materialsの企業一覧
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