Short answer
Vulcan Materials Company (VMC) filed its fiscal 2025 10-K annual report with the SEC on Feb 19, 2026. It reported revenue of $7.9B (+7.1% year over year) and net income of $1.1B.
- Top risk flagged: EPA notices as potentially responsible party under CERCLA Superfund at limited sites with uncertain remediation cost allocation
FY2025 key financial metrics · XBRL
- Revenue
- $7.9B
- +7.1% YoY
- Net income
- $1.1B
- +18.1% YoY
- Operating margin
- 20.4%
- +2.0 pp YoY
- Gross margin
- 27.4%
- +0.4 pp YoY
- EPS (diluted)
- $8.11
- +18.4% YoY
- ROE
- 12.6%
- +1.4 pp YoY
- Operating cash flow
- $1.8B
- +28.6% YoY
Source: XBRL data from the Vulcan Materials Company (VMC) FY2025 10-K on SEC EDGAR. USD.
Vulcan Materials Company FY2025 10-K analysis
AI summary of each section, grounded in the filing text
Business Overview
- Core business model: Production and sale of aggregates, asphalt mix, and ready-mixed concrete with related freight and construction services
- No new products or segments introduced; discontinued Chemicals business reported separately as discontinued operations
- Strategic emphasis on operational efficiency reflected in gross profit margin increase to 27.4% from 27.0% in prior year
- Adjusted EBITDA $2,323.6 million, up from $2,057.2 million in prior year, indicating improved profitability
- Noteworthy 31% increase in ready-mixed concrete shipments from 3.6 to 4.5 million cubic yards and price rise to $188.82 per cubic yard
Management Discussion & Analysis
- Long-term debt fair value $4,333.7M vs face value $4,440.6M as of Dec 31, 2025
- Interest rates drop of 1% would increase debt fair value by $386.7M
- Use of interest rate swaps to manage fixed vs floating rate debt exposure
- Pension and postretirement benefit costs sensitive to discount rate and asset return assumptions
- No revenue, profit, cash flow, segment performance, or forward-looking guidance disclosed in this section
Risk Factors
- EPA notices as potentially responsible party under CERCLA Superfund at limited sites with uncertain remediation cost allocation
- Reclamation liabilities recorded at fair value estimating third-party reclamation cost, adjusted for inflation and risk
- Compliance investments for MSHA and OSHA safety regulations required, but not material to earnings or competitive position
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