Filing Flows › Martin Marietta Materials (MLM) › Q1 2026
Martin Marietta Materials (MLM) Q1 2026 earnings results (first quarter 2026)
10-Q filed Apr 30, 2026
Martin Marietta Materials (MLM) reported revenue of $1.4B for the first quarter 2026 (Q1 2026), +17% from a year earlier and -11% from the quarter before. Operating margin was 11.9%, net earnings $1.5B (111.1% of revenue).
Martin Marietta Materials, Q1 2026: revenue $1.4B (+17% year over year), operating margin 11.9%, net earnings $1.5B, operating cash flow $227M. The chart follows the revenue to costs, profit and cash.
| Q1 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $1.4B | -11% | +17% |
| Gross profit | $310M | -34% | -2% |
| Operating profit | $162M | -52% | -9% |
| Net earnings | $1.5B | +442% | 13× |
| Operating cash flow | $227M | -64% | +4% |
| Free cash flow | $41.0M | -90% | — |
What changed
Revenue was $1.4B in Q1 2026, up 17% year over year and down 11% from the previous quarter.
Gross margin was 22.8%, down 4.3 points from Q1 2025. Operating profit was $0.16B, a 11.9% margin (down 3.5 points year over year). Operating profit fell $0.02B even though revenue rose $0.20B versus Q1 2025, so costs grew faster than sales. Operating expenses grew 9% against revenue growth of 17%. The fastest-growing cost line was Other operating costs (+36%). Net earnings were $1.5B, up 1204% year over year. The effective tax rate was 2.5%. Non-operating items added $1.4B, 90% of pre-tax earnings, so the bottom line overstates operating performance.
Operating cash flow was $0.23B (up 4% year over year), 15% of net earnings. Non-cash charges added back $0.17B of depreciation and amortization and $0.03B of share-based compensation. Working capital and other items used $1.5B. Capital expenditures of $0.19B left free cash flow of $0.04B.
Questions
What was Martin Marietta Materials' revenue in the first quarter 2026?
Martin Marietta Materials (MLM) reported revenue of $1.4B for the first quarter 2026 (Q1 2026), +17% from a year earlier and -11% from the quarter before.
Was Martin Marietta Materials profitable in the first quarter 2026?
Operating profit was $162M (11.9% of revenue) and net earnings $1.5B.