Filing Flows › Martin Marietta Materials (MLM) › Q4 2025
Martin Marietta Materials (MLM) Q4 2025 earnings results (fourth quarter 2025)
10-K filed Feb 19, 2026
Martin Marietta Materials (MLM) reported revenue of $1.5B for the fourth quarter 2025 (Q4 2025), +9% from a year earlier and -17% from the quarter before. Operating margin was 22.2%, net earnings $279M (18.2% of revenue).
Martin Marietta Materials, Q4 2025: revenue $1.5B (+9% year over year), operating margin 22.2%, net earnings $279M, operating cash flow $629M. The chart follows the revenue to costs, profit and cash.
| Q4 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $1.5B | -17% | +9% |
| Gross profit | $468M | -23% | +10% |
| Operating profit | $341M | -32% | +0.6% |
| Net earnings | $279M | -33% | -5% |
| Operating cash flow | $629M | +14% | -8% |
| Free cash flow | $424M | +17% | -6% |
What changed
Revenue was $1.5B in Q4 2025, up 9% year over year and down 17% from the previous quarter.
Gross margin was 30.5%, up 0.5 points from a year earlier. Operating profit was $0.34B, a 22.2% margin (down 1.8 points year over year). Of the extra revenue versus a year earlier, 2% reached operating profit, below the 24% margin then. Operating expenses grew 49% against revenue growth of 9%. Net earnings were $0.28B, down 5% year over year. The effective tax rate was 14.2%.
Operating cash flow was $0.63B (down 8% year over year), 225% of net earnings. Non-cash charges added back $0.16B of depreciation and amortization and $4.0M of share-based compensation. Working capital and other items added $0.19B. Capital expenditures of $0.20B left free cash flow of $0.42B.
Questions
What was Martin Marietta Materials' revenue in the fourth quarter 2025?
Martin Marietta Materials (MLM) reported revenue of $1.5B for the fourth quarter 2025 (Q4 2025), +9% from a year earlier and -17% from the quarter before.
Was Martin Marietta Materials profitable in the fourth quarter 2025?
Operating profit was $341M (22.2% of revenue) and net earnings $279M.