Filing Flows › United States Lime & Minerals (USLM) › Q3 2025
United States Lime & Minerals (USLM) Q3 2025 earnings results (third quarter 2025)
10-Q filed Oct 30, 2025
United States Lime & Minerals (USLM) reported revenue of $102M for the third quarter 2025 (Q3 2025), +14% from a year earlier and +11% from the quarter before. Operating margin was 45.3%, net earnings $38.8M (38.0% of revenue).
United States Lime & Minerals, Q3 2025: revenue $102M (+14% year over year), operating margin 45.3%, net earnings $38.8M, operating cash flow $45.9M. The chart follows the revenue to costs, profit and cash.
| Q3 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $102M | +11% | +14% |
| Gross profit | $52.2M | +25% | +21% |
| Operating profit | $46.3M | +30% | +21% |
| Net earnings | $38.8M | +26% | +16% |
| Operating cash flow | $45.9M | +35% | +18% |
| Free cash flow | $31.3M | +51% | -8% |
What changed
Revenue was $102.0M in Q3 2025, up 14% year over year and up 11% from the previous quarter.
Gross margin was 51.2%, up 2.9 points from a year earlier. Operating profit was $46.3M, a 45.3% margin (up 2.7 points year over year). Of the extra revenue versus a year earlier, 65% reached operating profit, above the 43% margin then. Operating expenses grew 19% against revenue growth of 14%. Net earnings were $38.8M, up 16% year over year. The effective tax rate was 21.9%.
Operating cash flow was $45.9M (up 18% year over year), 118% of net earnings. Non-cash charges added back $6.2M of depreciation and amortization and $1.9M of share-based compensation. Capital expenditures of $14.7M left free cash flow of $31.3M.
Questions
What was United States Lime & Minerals' revenue in the third quarter 2025?
United States Lime & Minerals (USLM) reported revenue of $102M for the third quarter 2025 (Q3 2025), +14% from a year earlier and +11% from the quarter before.
Was United States Lime & Minerals profitable in the third quarter 2025?
Operating profit was $46.3M (45.3% of revenue) and net earnings $38.8M.