Filing Flows › United States Lime & Minerals (USLM) › Q4 2025
United States Lime & Minerals (USLM) Q4 2025 earnings results (fourth quarter 2025)
10-K filed Feb 26, 2026
United States Lime & Minerals (USLM) reported revenue of $87.9M for the fourth quarter 2025 (Q4 2025), +10% from a year earlier and -14% from the quarter before. Operating margin was 41.0%, net earnings $30.5M (34.7% of revenue).
United States Lime & Minerals, Q4 2025: revenue $87.9M (+10% year over year), operating margin 41.0%, net earnings $30.5M, operating cash flow $45.6M. The chart follows the revenue to costs, profit and cash.
| Q4 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $87.9M | -14% | +10% |
| Gross profit | $42.2M | -19% | +19% |
| Operating profit | $36.0M | -22% | +16% |
| Net earnings | $30.5M | -21% | +13% |
| Operating cash flow | $45.6M | -0.8% | +18% |
| Free cash flow | $25.7M | -18% | -7% |
What changed
Revenue was $87.9M in Q4 2025, up 10% year over year and down 14% from the previous quarter.
Gross margin was 48.0%, up 3.7 points from a year earlier. Operating profit was $36.0M, a 41.0% margin (up 2.1 points year over year). Of the extra revenue versus a year earlier, 63% reached operating profit, above the 39% margin then. Operating expenses grew 42% against revenue growth of 10%. Net earnings were $30.5M, up 13% year over year. The effective tax rate was 22.8%.
Operating cash flow was $45.6M (up 18% year over year), 149% of net earnings. Non-cash charges added back $6.7M of depreciation and amortization and $1.9M of share-based compensation. Working capital and other items added $6.4M. Capital expenditures of $19.9M left free cash flow of $25.7M.
Questions
What was United States Lime & Minerals' revenue in the fourth quarter 2025?
United States Lime & Minerals (USLM) reported revenue of $87.9M for the fourth quarter 2025 (Q4 2025), +10% from a year earlier and -14% from the quarter before.
Was United States Lime & Minerals profitable in the fourth quarter 2025?
Operating profit was $36.0M (41.0% of revenue) and net earnings $30.5M.