HMY vs. VMC: Harmony Gold Mining vs. Vulcan Materials Stock Comparison
How do Harmony Gold Mining (HMY) and Vulcan Materials (VMC) stack up? This page sets them side by side across company profile, performance and risk, profitability, growth, financial strength, dividends, and valuation, with selected fundamentals also measured against each stock's industry-group peers.
Company Profile
Harmony Gold Mining (HMY) and Vulcan Materials (VMC) both fall under the Materials industry group, but HMY is classified in Metals & Mining while VMC is classified in Construction Materials.
Vulcan Materials (VMC) trades as ordinary local shares, while Harmony Gold Mining (HMY) trades as an ADR — compare with FX exposure, depositary-program fees, and dividend-withholding-tax differences in mind.
| Profile Item | HMY | VMC |
|---|---|---|
| Name | Harmony Gold Mining Company Limited - Depositary Receipt (Common Stock) | Vulcan Materials Company |
| Country/Region | South Africa | United States |
| GICS Sector | Materials | Materials |
| GICS Industry Group | Materials | Materials |
| GICS Industry | Metals & Mining | Construction Materials |
| GICS Sub-Industry | Gold | Construction Materials |
| Market Capitalization | 10.77 billion USD | 36.29 billion USD |
| Currency | USD | USD |
| Exchange | NYSE | NYSE |
| Listing Date | May 17, 1994 | February 21, 1973 |
| Security Type | ADR | Common Stock |
Price Performance
Cumulative Growth
Trailing Returns
Calendar-Year Returns
Performance Metrics
| Metric | HMY | VMC |
|---|---|---|
| Total Return (1Y) | 10.98% | 2.25% |
| Total Return (3Y, Annualized) | 60.07% | 12.53% |
| Total Return (5Y, Annualized) | 39.44% | 8.08% |
Risk Profile
Drawdown History
Return Distribution
Risk Metrics
| Metric | HMY | VMC |
|---|---|---|
| Volatility (1Y, Annualized) | 63.56% | 30.13% |
| Beta (5Y) | 1.08 | 0.98 |
| Max Drawdown (5Y) | -62.48% | -32.50% |
| Avg. Volume (3M) | 3.68M | 1.16M |
Risk-Adjusted Performance
Risk-Return Positioning
Risk-Adjusted Metrics
| Metric | HMY | VMC |
|---|---|---|
| Sharpe Ratio (1Y) | 0.11 | -0.07 |
| Sortino Ratio (1Y) | 0.15 | -0.09 |
Profitability
ROE (TTM)
Harmony Gold Mining (HMY) at 48.05% sits in the top ROE quartile, while Vulcan Materials (VMC) at 12.88% is closer to the peer norm — stronger capital efficiency for HMY.
HMY
Materials industry group
48.05%
- Max
- 52.88%
- HMY
- 48.05%
- Q3
- 19.49%
- Median
- 8.76%
- Q1
- -3.41%
- Min
- -32.81%
VMC
Materials industry group
12.88%
- Max
- 52.88%
- Q3
- 19.49%
- VMC
- 12.88%
- Median
- 8.76%
- Q1
- -3.41%
- Min
- -32.81%
Net Margin (TTM)
Harmony Gold Mining (HMY) at 29.57% retains a top-quartile share of revenue as profit, ahead of Vulcan Materials (VMC) at 13.78%, which keeps about the industry-typical share.
HMY
Materials industry group
29.57%
- Max
- 38.66%
- HMY
- 29.57%
- Q3
- 15.98%
- Median
- 5.28%
- Q1
- 0.00%
- Min
- -20.40%
VMC
Materials industry group
13.78%
- Max
- 38.66%
- Q3
- 15.98%
- VMC
- 13.78%
- Median
- 5.28%
- Q1
- 0.00%
- Min
- -20.40%
Operating Margin (TTM)
Harmony Gold Mining (HMY) at 47.18% operates in the top operating margin quartile, ahead of Vulcan Materials (VMC) at 23.95%, which runs around its industry’s norm.
HMY
Materials industry group
47.18%
- Max
- 66.70%
- HMY
- 47.18%
- Q3
- 28.92%
- Median
- 12.56%
- Q1
- 3.28%
- Min
- -14.07%
VMC
Materials industry group
23.95%
- Max
- 66.70%
- Q3
- 28.92%
- VMC
- 23.95%
- Median
- 12.56%
- Q1
- 3.28%
- Min
- -14.07%
Profitability Metrics
| Metric | HMY | VMC |
|---|---|---|
| ROE (TTM) | 48.05% | 12.88% |
| ROA (TTM) | 25.06% | 5.89% |
| Net Margin (TTM) | 29.57% | 13.78% |
| Operating Margin (TTM) | 47.18% | 23.95% |
| Gross Margin (TTM) | 49.62% | 27.48% |
Growth
Revenue Growth
Only one side can be read here: Vulcan Materials (VMC) reports revenue growth of 7.06%, ranked against its industry; Harmony Gold Mining (HMY) has no revenue growth figure this period.
EPS Growth
Only one side can be read here: Vulcan Materials (VMC) reports EPS growth of 18.39%, ranked against its industry; Harmony Gold Mining (HMY) has no EPS growth figure this period.
Growth Metrics
| Metric | HMY | VMC |
|---|---|---|
| Revenue Growth (YoY) | -- | 7.06% |
| Revenue Growth (3Y CAGR) | 26.28% | 2.77% |
| EPS Growth (YoY) | -- | 18.39% |
| EPS Growth (3Y CAGR) | 81.32% | 23.46% |
Financial Strength
Current Ratio (MRQ)
Both Harmony Gold Mining (HMY) at 0.84 and Vulcan Materials (VMC) at 1.43 run current ratio in the tighter-liquidity quartile of industry peers, leaving thinner cushions against current liabilities than typical competitors.
HMY
Materials industry group
0.84
- Max
- 5.96
- Q3
- 3.30
- Median
- 2.24
- Q1
- 1.45
- HMY
- 0.84
- Min
- 0.16
VMC
Materials industry group
1.43
- Max
- 5.96
- Q3
- 3.30
- Median
- 2.24
- Q1
- 1.45
- VMC
- 1.43
- Min
- 0.16
Debt / Equity (MRQ)
Harmony Gold Mining (HMY) at 0.13 keeps leverage in the lower industry quartile, while Vulcan Materials (VMC) at 0.63 runs a more typical debt-to-equity mix.
HMY
Materials industry group
0.13
- Max
- 1.98
- Q3
- 0.89
- Median
- 0.47
- Q1
- 0.13
- HMY
- 0.13
- Min
- 0.00
VMC
Materials industry group
0.63
- Max
- 1.98
- Q3
- 0.89
- VMC
- 0.63
- Median
- 0.47
- Q1
- 0.13
- Min
- 0.00
Financial Strength Metrics
| Metric | HMY | VMC |
|---|---|---|
| Current Ratio (MRQ) | 0.84 | 1.43 |
| Debt / Equity (MRQ) | 0.13 | 0.63 |
| Net Debt / EBITDA | 0.02 | 2.27 |
Dividends
Dividend Yield (TTM)
Vulcan Materials (VMC) at 0.72% pays an industry-typical yield; Harmony Gold Mining (HMY) at 75.74% is above its entire peer range — the higher number, but one that calls for a look at payout sustainability before treating it as an advantage.
HMY
Materials industry group
75.74%
- HMY
- 75.74%
- Max
- 4.52%
- Q3
- 1.85%
- Median
- 0.38%
- Q1
- 0.00%
- Min
- 0.00%
VMC
Materials industry group
0.72%
- Max
- 4.52%
- Q3
- 1.85%
- VMC
- 0.72%
- Median
- 0.38%
- Q1
- 0.00%
- Min
- 0.00%
Dividend Payout Ratio (TTM)
Both Harmony Gold Mining (HMY) at 15.28% and Vulcan Materials (VMC) at 24.26% keep payout ratio within their industries’ typical mid-ranges — dividend policies that share earnings without consuming too much of them.
HMY
Materials industry group
15.28%
- Max
- 83.62%
- Q3
- 41.37%
- HMY
- 15.28%
- Median
- 9.54%
- Q1
- 0.00%
- Min
- 0.00%
VMC
Materials industry group
24.26%
- Max
- 83.62%
- Q3
- 41.37%
- VMC
- 24.26%
- Median
- 9.54%
- Q1
- 0.00%
- Min
- 0.00%
Dividend Metrics
| Metric | HMY | VMC |
|---|---|---|
| Dividend Yield (TTM) | 75.74% | 0.72% |
| Dividend Payout Ratio (TTM) | 15.28% | 24.26% |
Valuation
P/E Ratio (TTM)
Harmony Gold Mining (HMY) at 6.27 sits in the cheaper P/E ratio quartile, while Vulcan Materials (VMC) at 33.46 sits in the richer quartile — a clear split in what investors pay for each dollar of trailing earnings.
HMY
Materials industry group
6.27
- Max
- 59.00
- Q3
- 32.93
- Median
- 18.82
- Q1
- 11.96
- HMY
- 6.27
- Min
- 3.93
VMC
Materials industry group
33.46
- Max
- 59.00
- VMC
- 33.46
- Q3
- 32.93
- Median
- 18.82
- Q1
- 11.96
- Min
- 3.93
P/S Ratio (TTM)
Harmony Gold Mining (HMY) at 0.11 looks cheap on sales in the lower P/S ratio quartile, while Vulcan Materials (VMC) at 4.53 looks rich in the upper quartile — a clear gap in price per dollar of revenue.
HMY
Materials industry group
0.11
- Max
- 9.62
- Q3
- 4.34
- Median
- 1.87
- Q1
- 0.73
- HMY
- 0.11
- Min
- 0.00
VMC
Materials industry group
4.53
- Max
- 9.62
- VMC
- 4.53
- Q3
- 4.34
- Median
- 1.87
- Q1
- 0.73
- Min
- 0.00
P/B Ratio (MRQ)
Harmony Gold Mining (HMY) at 2.34 is valued about in line with its industry on P/B ratio, while Vulcan Materials (VMC) at 4.31 carries an above-peer premium to book — VMC is pricier on assets.
HMY
Materials industry group
2.34
- Max
- 6.59
- Q3
- 3.55
- HMY
- 2.34
- Median
- 2.08
- Q1
- 1.26
- Min
- -0.17
VMC
Materials industry group
4.31
- Max
- 6.59
- VMC
- 4.31
- Q3
- 3.55
- Median
- 2.08
- Q1
- 1.26
- Min
- -0.17
Valuation Metrics
| Metric | HMY | VMC |
|---|---|---|
| P/E Ratio (TTM) | 6.27 | 33.46 |
| P/S Ratio (TTM) | 0.11 | 4.53 |
| P/B Ratio (MRQ) | 2.34 | 4.31 |
| Free Cash Flow Yield (TTM) | 91.49% | 1.96% |