Martin Marietta Materials (MLM) Stock Analysis

November 11, 2026

This is a peer-relative look at Martin Marietta Materials (MLM): its performance, risk, profitability, growth, financial strength, dividend, and valuation are each measured against its Materials peers, so every number reads in context rather than in isolation.

Company Profile

Company profile fields for Martin Marietta Materials (MLM)
Profile Item	MLM
Name	Martin Marietta Materials, Inc.
Country/Region	United States
GICS Sector	Materials
GICS Industry Group	Materials
GICS Industry	Construction Materials
GICS Sub-Industry	Construction Materials
Market Capitalization	36.85 billion USD
Currency	USD
Exchange	NYSE
Listing Date	February 17, 1994
Security Type	Common Stock

Price Performance

Cumulative Growth

MLM

GSPC

Martin Marietta Materials (MLM) vs. S&P 500 (GSPC): Growth of a $10,000 investment over the past five years. Adjusted for dividends and splits.

Trailing Returns

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Trailing total returns for Martin Marietta Materials (MLM) and S&P 500 (GSPC). Returns over one year are annualized.

Calendar-Year Returns

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Calendar-year total returns for Martin Marietta Materials (MLM) and S&P 500 (GSPC). Each bar is that year's total return, measured year-end to year-end.

Performance Metrics

Martin Marietta Materials (MLM) metric values compared with Materials industry-group medians
Metric	Current stock: MLM	Industry group median
Total Return (1Y)	-12.23%	19.59%
Total Return (3Y, Annualized)	6.32%	18.91%
Total Return (5Y, Annualized)	5.43%	5.70%

Risk Profile

Drawdown History

MLM

GSPC

Martin Marietta Materials (MLM) vs. S&P 500 (GSPC): Drawdown from the running peak over the past five years. Each line shows the decline from its prior peak; 0% marks a new high.

Return Distribution

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Distribution of monthly total returns for Martin Marietta Materials (MLM) and S&P 500 (GSPC). Each bar is the share of months whose return fell in that 5% bucket.

Risk Metrics

Martin Marietta Materials (MLM) metric values compared with Materials industry-group medians
Metric	Current stock: MLM	Industry group median
Volatility (1Y, Annualized)	29.72%	52.82%
Beta (5Y)	1.02	0.97
Max Drawdown (5Y)	-33.19%	-58.44%

Risk-Adjusted Performance

Risk-Return Positioning

Each dot is a stock plotted by 1-year volatility (risk) and 1-year return. MLM is highlighted; the dashed line is the Capital Allocation Line from the risk-free rate through the industry median — dots above it are stronger on a risk-adjusted basis.

Risk-Adjusted Metrics

Martin Marietta Materials (MLM) metric values compared with Materials industry-group medians
Metric	Current stock: MLM	Industry group median
Sharpe Ratio (1Y)	-0.56	0.32
Sortino Ratio (1Y)	-0.75	0.47

Profitability

ROE (TTM)

Martin Marietta Materials (MLM) posts ROE of 6.02%, roughly around the peer group’s normal range. Shareholders’ equity is producing a return that looks broadly typical for the industry.

MLM

Materials industry group

6.02%

Group distribution

Max: 52.88%
Q3: 19.49%
Median: 8.76%
MLM: 6.02%
Q1: -3.41%
Min: -32.81%

Largest peers

SCCO: 52.88%
NEM: 27.26%
BHP: 24.00%
AEM: 23.24%
RIO: 19.31%
LIN: 17.72%
MLM: 6.02%

Where Martin Marietta Materials (MLM) stands on ROE within its Materials peer group — the box is the group’s distribution and the dots its largest members.

Net Margin (TTM)

Martin Marietta Materials (MLM) keeps 31.88% of revenue as net profit, putting net margin in the upper peer quartile. After operating costs, interest, and taxes, more of each sales dollar reaches shareholders than it does at most industry peers.

MLM

Materials industry group

31.88%

Group distribution

Max: 38.66%
MLM: 31.88%
Q3: 15.98%
Median: 5.28%
Q1: 0.00%
Min: -20.40%

Largest peers

AEM: 41.01%
SCCO: 37.16%
NEM: 34.73%
MLM: 31.88%
RIO: 19.59%
LIN: 19.34%
BHP: 16.73%

Where Martin Marietta Materials (MLM) stands on net margin within its Materials peer group — the box is the group’s distribution and the dots its largest members.

Operating Margin (TTM)

Martin Marietta Materials (MLM) turns 22.29% of revenue into operating profit, roughly in line with the peer group’s normal operating margin range. Its core cost structure looks typical for the industry.

MLM

Materials industry group

22.29%

Group distribution

Max: 66.70%
Q3: 28.92%
MLM: 22.29%
Median: 12.56%
Q1: 3.28%
Min: -14.07%

Largest peers

SCCO: 59.94%
AEM: 55.49%
NEM: 49.99%
BHP: 43.34%
RIO: 28.05%
LIN: 27.97%
MLM: 22.29%

Where Martin Marietta Materials (MLM) stands on operating margin within its Materials peer group — the box is the group’s distribution and the dots its largest members.

Profitability Metrics

Martin Marietta Materials (MLM) metric values compared with Materials industry-group medians
Metric	Current stock: MLM	Industry group median
ROE (TTM)	6.02%	8.76%
ROA (TTM)	3.27%	4.42%
Net Margin (TTM)	31.88%	5.28%
Operating Margin (TTM)	22.29%	12.56%
Gross Margin (TTM)	26.74%	27.57%

Growth

Revenue Growth

Martin Marietta Materials (MLM) grew revenue 8.62%, roughly around the peer group's normal range. Top-line momentum looks broadly typical for the industry.

Martin Marietta Materials (MLM): Revenue Growth across different time periods, set against Materials industry-group medians.

EPS Growth

Martin Marietta Materials (MLM) grew earnings per share -42.09%, roughly around the peer group's normal range. Bottom-line momentum looks broadly typical for the industry.

Martin Marietta Materials (MLM): EPS Growth across different time periods, set against Materials industry-group medians.

Growth Metrics

Martin Marietta Materials (MLM) metric values compared with Materials industry-group medians
Metric	Current stock: MLM	Industry group median
Revenue Growth (YoY)	8.62%	8.36%
Revenue Growth (3Y CAGR)	-0.06%	0.59%
EPS Growth (YoY)	-42.09%	-1.73%
EPS Growth (3Y CAGR)	10.61%	2.12%

Financial Strength

Current Ratio (MRQ)

Martin Marietta Materials (MLM) has current ratio of 1.63, in the healthier middle range for its industry. The short-term asset cushion looks balanced relative to peers rather than stretched thin.

MLM

Materials industry group

1.63

Group distribution

Max: 5.96
Q3: 3.30
Median: 2.24
MLM: 1.63
Q1: 1.45
Min: 0.16

Largest peers

SCCO: 4.31
AEM: 2.75
NEM: 2.45
BHP: 1.89
MLM: 1.63
RIO: 1.42
LIN: 0.86

Where Martin Marietta Materials (MLM) stands on current ratio within its Materials peer group — the box is the group’s distribution and the dots its largest members.

Debt / Equity (MRQ)

Martin Marietta Materials (MLM) has debt-to-equity ratio of 0.75, roughly in line with the peer group’s normal leverage range. Its mix of debt and equity looks typical for the industry.

MLM

Materials industry group

0.75

Group distribution

Max: 1.98
Q3: 0.89
MLM: 0.75
Median: 0.47
Q1: 0.13
Min: 0.00

Largest peers

MLM: 0.75
LIN: 0.65
SCCO: 0.63
BHP: 0.50
RIO: 0.32
NEM: 0.16
AEM: 0.01

Where Martin Marietta Materials (MLM) stands on debt-to-equity ratio within its Materials peer group — the box is the group’s distribution and the dots its largest members.

Financial Strength Metrics

Martin Marietta Materials (MLM) metric values compared with Materials industry-group medians
Metric	Current stock: MLM	Industry group median
Current Ratio (MRQ)	1.63	2.24
Debt / Equity (MRQ)	0.75	0.47
Net Debt / EBITDA	5.88	1.37

Dividends

Dividend Yield (TTM)

Martin Marietta Materials (MLM) has dividend yield of 0.63%, in the industry’s normal income range. It provides a meaningful dividend without the red flag of an unusually high headline yield.

MLM

Materials industry group

0.63%

Group distribution

Max: 4.52%
Q3: 1.85%
MLM: 0.63%
Median: 0.38%
Q1: 0.00%
Min: 0.00%

Largest peers

RIO: 5.59%
SCCO: 2.30%
BHP: 2.19%
LIN: 1.21%
AEM: 0.93%
NEM: 0.87%
MLM: 0.63%

Where Martin Marietta Materials (MLM) stands on dividend yield within its Materials peer group — the box is the group’s distribution and the dots its largest members.

Dividend Payout Ratio (TTM)

Martin Marietta Materials (MLM) has payout ratio of 24.85%, within the industry’s typical payout band. The dividend shares profits with investors while leaving earnings coverage that looks normal for the peer group.

MLM

Materials industry group

24.85%

Group distribution

Max: 83.62%
Q3: 41.37%
MLM: 24.85%
Median: 9.54%
Q1: 0.00%
Min: 0.00%

Largest peers

BHP: 68.84%
RIO: 54.46%
SCCO: 52.43%
LIN: 41.83%
MLM: 24.85%
AEM: 14.26%
NEM: 11.95%

Where Martin Marietta Materials (MLM) stands on payout ratio within its Materials peer group — the box is the group’s distribution and the dots its largest members.

Dividend Metrics

Martin Marietta Materials (MLM) metric values compared with Materials industry-group medians
Metric	Current stock: MLM	Industry group median
Dividend Yield (TTM)	0.63%	0.38%
Dividend Payout Ratio (TTM)	24.85%	9.54%

Valuation

P/E Ratio (TTM)

Martin Marietta Materials (MLM) trades at P/E ratio of 38.67, in the richer earnings-multiple quartile for its industry. That premium needs support from growth, durable earnings, or stronger business quality.

MLM

Materials industry group

38.67

Group distribution

Max: 59.00
MLM: 38.67
Q3: 32.93
Median: 18.82
Q1: 11.96
Min: 3.93

Largest peers

MLM: 38.67
LIN: 34.21
SCCO: 22.27
BHP: 20.70
AEM: 15.61
NEM: 14.03
RIO: 11.35

Where Martin Marietta Materials (MLM) stands on P/E ratio within its Materials peer group — the box is the group’s distribution and the dots its largest members.

P/S Ratio (TTM)

Martin Marietta Materials (MLM) trades at 5.11 on P/S ratio, in the higher sales-valuation quartile. Investors are paying up for each dollar of revenue, so stronger margins, growth, or revenue quality need to carry that price.

MLM

Materials industry group

5.11

Group distribution

Max: 9.62
MLM: 5.11
Q3: 4.34
Median: 1.87
Q1: 0.73
Min: 0.00

Largest peers

SCCO: 8.34
LIN: 6.53
AEM: 6.44
MLM: 5.11
NEM: 4.72
BHP: 3.46
RIO: 2.20

Where Martin Marietta Materials (MLM) stands on P/S ratio within its Materials peer group — the box is the group’s distribution and the dots its largest members.

P/B Ratio (MRQ)

Martin Marietta Materials (MLM) trades at 2.09 on P/B ratio, roughly in line with the industry’s normal price-to-book range. Its balance sheet is not being priced at a clear discount or premium versus peers.

MLM

Materials industry group

2.09

Group distribution

Max: 6.59
Q3: 3.55
MLM: 2.09
Median: 2.08
Q1: 1.26
Min: -0.17

Largest peers

SCCO: 10.89
LIN: 6.00
BHP: 3.98
NEM: 3.53
AEM: 3.27
MLM: 2.09
RIO: 2.08

Where Martin Marietta Materials (MLM) stands on P/B ratio within its Materials peer group — the box is the group’s distribution and the dots its largest members.

Valuation Metrics

Martin Marietta Materials (MLM) metric values compared with Materials industry-group medians
Metric	Current stock: MLM	Industry group median
P/E Ratio (TTM)	38.67	18.82
P/S Ratio (TTM)	5.11	1.87
P/B Ratio (MRQ)	2.09	2.08
Free Cash Flow Yield (TTM)	4.54%	3.08%