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Vulcan Materials (VMC) Q2 2025 earnings results (second quarter 2025)

10-Q filed Jul 31, 2025

Vulcan Materials (VMC) reported revenue of $2.1B for the second quarter 2025 (Q2 2025), +4% from a year earlier and +29% from the quarter before. Operating margin was 22.4%, net earnings $321M (15.3% of revenue).

Revenue$2.1B
Year over year+4%
Quarter over quarter+29%
Operating margin22.4%
Net earnings$321M

Vulcan Materials, Q2 2025: revenue $2.1B (+4% year over year), operating margin 22.4%, net earnings $321M, operating cash flow $342M. The chart follows the revenue to costs, profit and cash.

Q2 2025AmountQ/QY/Y
Revenue$2.1B+29%+4%
Gross profit$625M+71%+6%
Operating profit$471M+108%+4%
Net earnings$321M+148%+4%
Operating cash flow$342M+36%+70%
Free cash flow$239M+186%25×

What changed

Revenue was $2.1B in Q2 2025, up 4% year over year and up 29% from the previous quarter. Aggregates was the largest line at 72% of revenue. Concrete added $0.05B year over year (up 32%), 61% of the total change.

Gross margin was 29.7%, up 0.3 points from a year earlier. Operating profit was $0.47B, a 22.4% margin (down 0.1 points year over year). Of the extra revenue versus a year earlier, 20% reached operating profit, below the 23% margin then. Operating expenses grew 11% against revenue growth of 4%. The fastest-growing cost line was Other operating costs (+116%). Net earnings were $0.32B, up 4% year over year. The effective tax rate was 22.2%.

Operating cash flow was $0.34B (up 70% year over year), 107% of net earnings. Non-cash charges added back $0.19B of depreciation and amortization and $0.02B of share-based compensation. Working capital and other items used $0.18B. Capital expenditures of $0.10B left free cash flow of $0.24B.

Questions

What was Vulcan Materials' revenue in the second quarter 2025?

Vulcan Materials (VMC) reported revenue of $2.1B for the second quarter 2025 (Q2 2025), +4% from a year earlier and +29% from the quarter before.

Was Vulcan Materials profitable in the second quarter 2025?

Operating profit was $471M (22.4% of revenue) and net earnings $321M.

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Source: Vulcan Materials 10-Q on SEC EDGAR.