Short answer
Martin Marietta Materials (MLM) filed its fiscal 2025 10-K annual report with the SEC on Feb 19, 2026. It reported revenue of $6.2B (−5.9% year over year) and net income of $1.1B.
- Top risk flagged: Transportation service cost and availability risk from third-party truckers in oil and gas fields affecting product and fuel logistics
FY2025 key financial metrics · XBRL
- Revenue
- $6.2B
- −5.9% YoY
- Net income
- $1.1B
- −43.0% YoY
- Operating margin
- 23.4%
- −18.1 pp YoY
- Gross margin
- 30.7%
- +2.0 pp YoY
- EPS (diluted)
- $18.77
- −42.1% YoY
- ROE
- 11.3%
- −9.8 pp YoY
- Operating cash flow
- $1.8B
- +22.3% YoY
Source: XBRL data from the Martin Marietta Materials (MLM) FY2025 10-K on SEC EDGAR. USD.
Martin Marietta Materials FY2025 10-K analysis
AI summary of each section, grounded in the filing text
Business Overview
- Core business: Supplier of construction aggregates and heavy building materials
- New emphasis on diversity through three employee resource groups: Military & Veterans, MERGE, Women Who Build
- Expanded talent pipeline via academic partnership with Shaw University in Raleigh, NC
- Formal adoption and public disclosure of updated Corporate Governance Guidelines and committee charters
- CEO and CFO quarterly and annual SEC certifications on financial disclosure quality, plus NYSE CEO certification
Management Discussion & Analysis
- No profitability or margin percentages mentioned
- Variable-rate borrowings $30M with $800M Revolving Facility and $400M Trade Receivable Facility
- Management highlights risks: interest rates, federal/state budget impacts, project delays, and pension expense sensitivity to discount rates
Risk Factors
- Transportation service cost and availability risk from third-party truckers in oil and gas fields affecting product and fuel logistics
- Shipping agreements for Bahamas and Nova Scotia coastal ports expiring in 2026 and 2027 respectively, risking transport disruptions
- Railcar availability risk as owners may lease or sell railcars to other industries, limiting product transport capacity
- Corporate governance provisions allowing board to deter takeover attempts, including preferred stock issuance without shareholder approval
- Change-of-control events potentially triggering defaults under existing or future debt instruments impacting financial stability
Generated from the filing text; verify against the original. How to read a 10-K
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