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Martin Marietta Materials cash flow, quarter by quarter

Latest: Q3 2026 · from the cash-flow statements filed with the SEC

Free cash flow$426M in Q3 2026 · $875M over twelve months

Operating cash flow$557M
Capital spending−$131M
Free cash flow+$426M
Cash / net income2.2×
Cash conversion cycle88 days

Analysis

In Q3 2026, Martin Marietta Materials generated $557M of operating cash flow and spent $131M on capital projects, leaving free cash flow of $426M. That is $65.0M more than in Q3 2025 ($361M).

Over the twelve months to Sep 30, 2026, operating cash flow was $1.5B; the largest uses were acquisitions ($8.0B), capital spending ($650M), dividends ($211M); besides operations, cash came from net borrowing (+) / repaid (−) ($7.3B), asset & business sales ($493M); the cash balance rose by $82.0M.

Operating cash flow was $557M against net income of $256M — 2.2× profit, cash ran ahead of reported earnings. The largest differences: depreciation & amortization +$246M, inventory +$84.0M, receivables −$57.0M.

Its cash conversion cycle was 88 days (receivables 45 + inventory 65 − payables 22).

Free cash flow

Martin Marietta Materials: free cash flow by quarterMartin Marietta Materials: free cash flow by quarter$453MQ4 2024−$15.0MQ1 2025$208MQ2 2025$361MQ3 2025$424MQ4 2025$41.0MQ1 2026−$16.0MQ2 2026$426MQ3 2026
Operating cash flow less capital spending.
Martin Marietta Materials: operating cash flow against capital spendingMartin Marietta Materials: operating cash flow against capital spendingOperating cash flowCapital spending$686M$233MQ4 2024$218M$233MQ1 2025$387M$179MQ2 2025$551M$190MQ3 2025$629M$205MQ4 2025$227M$186MQ1 2026$112M$128MQ2 2026$557M$131MQ3 2026
Latest (Q3 2026): Operating cash flow $557M, Capital spending $131M.

Capital allocation, year by year

Martin Marietta Materials: where the cash came from (up) and went (down), by fiscal yearMartin Marietta Materials: where the cash came from (up) and went (down), by fiscal yearOperating cash flowNet borrowingShares issuedAsset salesCapital spendingAcquisitionsBuybacksDividendsFY2021: Operating cash flow $1.1BFY2021: Net borrowing $2.5BFY2021: Shares issued $1.3MFY2021: Asset sales $42.8MFY2021: Capital spending −$423MFY2021: Acquisitions −$3.1BFY2021: Dividends −$148M$3.6BFY2021FY2022: Operating cash flow $991MFY2022: Net borrowing −$69.0MFY2022: Shares issued $600KFY2022: Asset sales $687MFY2022: Capital spending −$482MFY2022: Acquisitions $11.0MFY2022: Buybacks −$150MFY2022: Dividends −$160M$1.7BFY2022FY2023: Operating cash flow $1.5BFY2023: Net borrowing −$717MFY2023: Shares issued $1.2MFY2023: Asset sales $427MFY2023: Capital spending −$650MFY2023: Buybacks −$150MFY2023: Dividends −$174M$2.0BFY2023FY2024: Operating cash flow $1.5BFY2024: Net borrowing $1.0BFY2024: Asset sales $2.2BFY2024: Capital spending −$855MFY2024: Acquisitions −$3.6BFY2024: Buybacks −$450MFY2024: Dividends −$189M$4.7BFY2024FY2025: Operating cash flow $1.8BFY2025: Net borrowing −$118MFY2025: Asset sales $38.0MFY2025: Capital spending −$807MFY2025: Acquisitions −$685MFY2025: Buybacks −$450MFY2025: Dividends −$197M$1.8BFY2025
Over these 5 years operating cash flow totalled $6.9B; the largest uses were acquisitions ($7.4B) and capital spending ($3.2B). Cash-flow statements as filed.

Cash runway and the debt wall

Cash & investments$140M
Debt$12.8B
Net debt$12.7B
Due within a year$30.0M

Martin Marietta Materials funds itself: free cash flow was $875M over the last twelve months, and $140M of cash and investments stands against $12.8B of debt ($30.0M due within a year, 4.7× covered by cash).

Martin Marietta Materials: debt maturities by year (FY2025)Martin Marietta Materials: debt maturities by year (FY2025)$30.0MYear 1$792MYear 2$473MYear 5$4.0BAfter year 5
Principal due in each year as disclosed in the annual report, against $140M of cash and investments now.

Where the cash came from and went

Martin Marietta Materials: sources (+) and uses (−) of cash, Q3 2026Martin Marietta Materials: sources (+) and uses (−) of cash, Q3 2026Acquisitions−$7.1BNet borrowing (+) / repaid (−)$6.9BOperating cash flow$557MCapital spending−$131MDividends−$59.0MOther investing−$51.0MOther financing−$41.0MCash drawn (+) / kept (−)−$32.0MAsset & business sales$15.0MTaxes on employees’ shares−$2.0M
Martin Marietta Materials: sources (+) and uses (−) of cash, TTM to Q3 2026Martin Marietta Materials: sources (+) and uses (−) of cash, TTM to Q3 2026Acquisitions−$8.0BNet borrowing (+) / repaid (−)$7.3BOperating cash flow$1.5BCapital spending−$650MAsset & business sales$493MDividends−$211MBuybacks−$200MOther investing−$112MCash drawn (+) / kept (−)−$82.0MOther financing−$44.0MTaxes on employees’ shares−$31.0M

From profit to cash

Martin Marietta Materials: net income to operating cash flow, Q3 2026Martin Marietta Materials: net income to operating cash flow, Q3 2026Net income$256MDepreciation & amortization$246MStock-based pay$8.0MDeferred taxes−$18.0MGains on disposals−$10.0MOther non-cash−$1.0MReceivables−$57.0MInventory$84.0MPayables$37.0MOther operating capital−$15.0MOperating cash flow$557M
Non-cash charges are added back; money tied up in receivables or inventory is subtracted.
QuarterReceivable daysInventory daysPayable daysCash conversion cycle
Q3 202645652288
Q2 202642752195
Q1 2026509831117
Q4 2025519132110
Q3 2025478226103
Q2 2025469526116
Q1 20255511636135
Q4 2024529832118

Every quarter

QuarterOperating cash flowCapital spendingAcquisitionsBuybacksDividendsNet borrowing (+) / repaid (−)Cash drawn (+) / kept (−)Free cash flow
Q3 2026$557M−$131M−$7.1B—−$59.0M$6.9B−$32.0M$426M
Q2 2026$112M−$128M−$753M—−$51.0M$651M$153M−$16.0M
Q1 2026$227M−$186M$20.0M−$200M−$51.0M−$36.0M−$206M$41.0M
Q4 2025$629M−$205M−$108M—−$50.0M−$206M$3.0M$424M
Q3 2025$551M−$190M−$577M—−$50.0M$100M$166M$361M
Q2 2025$387M−$179M——−$48.0M−$7.0M−$135M$208M
Q1 2025$218M−$233M—−$450M−$49.0M−$5.0M$569M−$15.0M
Q4 2024$686M−$233M−$1.1B—−$48.0M$1.4B−$618M$453M

Martin Marietta Materials: income statement and cash flow

Martin Marietta Materials, Q3 2026: revenue $2.4B (+28% year over year), operating margin 18.5%. The chart follows the revenue to costs, profit and cash.

Martin Marietta Materials: every quarter, Q/Q and Y/Y → Open in the app

Read automatically from the company’s XBRL cash-flow statements; quarterly figures for the fourth quarter are the year less the first three. Errors are possible. Not investment advice.