Filing Flows › Martin Marietta Materials (MLM) › Q3 2025
Martin Marietta Materials (MLM) Q3 2025 earnings results (third quarter 2025)
10-Q filed Nov 4, 2025
Martin Marietta Materials (MLM) reported revenue of $1.8B for the third quarter 2025 (Q3 2025), +12% from a year earlier and +2% from the quarter before. Operating margin was 27.4%, net earnings $414M (22.4% of revenue).
Martin Marietta Materials, Q3 2025: revenue $1.8B (+12% year over year), operating margin 27.4%, net earnings $414M, operating cash flow $551M. The chart follows the revenue to costs, profit and cash.
| Q3 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $1.8B | +2% | +12% |
| Gross profit | $611M | +12% | +19% |
| Operating profit | $505M | +10% | +24% |
| Net earnings | $414M | +26% | +14% |
| Operating cash flow | $551M | +42% | -8% |
| Free cash flow | $361M | +74% | +14% |
What changed
Revenue was $1.8B in Q3 2025, up 12% year over year and up 2% from the previous quarter.
Gross margin was 33.1%, up 1.9 points from a year earlier. Operating profit was $0.51B, a 27.4% margin (up 2.6 points year over year). Of the extra revenue versus a year earlier, 49% reached operating profit, above the 25% margin then. Operating expenses fell 1% while revenue rose 12%. Net earnings were $0.41B, up 14% year over year. The effective tax rate was 17.7%.
Operating cash flow was $0.55B (down 8% year over year), 133% of net earnings. Non-cash charges added back $0.16B of depreciation and amortization and $0.01B of share-based compensation. Capital expenditures of $0.19B left free cash flow of $0.36B.
Questions
What was Martin Marietta Materials' revenue in the third quarter 2025?
Martin Marietta Materials (MLM) reported revenue of $1.8B for the third quarter 2025 (Q3 2025), +12% from a year earlier and +2% from the quarter before.
Was Martin Marietta Materials profitable in the third quarter 2025?
Operating profit was $505M (27.4% of revenue) and net earnings $414M.