Filing Flows › Vulcan Materials (VMC) › Q2 2026 › vs Q1 2026
Vulcan Materials (VMC) Q2 2026 vs Q1 2026 (quarter over quarter)
Vulcan Materials's revenue rose $400M (+23%) from $1.8B in Q1 2026 to $2.2B in Q2 2026. The biggest changes: Aggregates +$286M (+21%); Asphalt +$114M (+53%); Concrete −$700K (-0.4%). Gross margin 29.0% against 24.1% (+4.9 pts).
Vulcan Materials, Q2 2026: revenue $2.2B (+2% year over year), operating margin 21.1%, net earnings $324M, operating cash flow $344M. The chart draws each line against Q1 2026, the increases inside each band.
Margins
| Q2 2026 | Q1 2026 | Change | |
|---|---|---|---|
| Gross margin | 29.0% | 24.1% | +4.9 pts |
| Operating margin | 21.1% | 15.1% | +6.0 pts |
| Net margin | 15.0% | 9.5% | +5.6 pts |
| Free cash flow margin | 6.9% | 3.7% | +3.3 pts |
Every line
| Line | Q2 2026 | Q1 2026 | Change | % |
|---|---|---|---|---|
| Aggregates | $1.6B | $1.4B | $286M | +21% |
| Asphalt | $330M | $216M | $114M | +53% |
| Concrete | $187M | $188M | −$700K | -0.4% |
| Revenue | $2.2B | $1.8B | $400M | +23% |
| Gross profit | $626M | $423M | $203M | +48% |
| Cost of revenue | $1.5B | $1.3B | $197M | +15% |
| Operating profit | $456M | $265M | $190M | +72% |
| Operating expenses | $170M | $157M | $12.7M | +8% |
| Pre-tax earnings | $406M | $212M | $194M | +91% |
| Other expense, net | $49.8M | $53.5M | −$3.7M | -7% |
| SG&A | $141M | $136M | $5.6M | +4% |
| Other operating costs | $28.7M | $21.6M | $7.1M | +33% |
| Net earnings | $324M | $166M | $158M | +95% |
| Income tax | $81.4M | $45.9M | $35.5M | +77% |
| Depreciation & amortization | $178M | $170M | $7.2M | +4% |
| Share-based compensation | $9.2M | $15.5M | −$6.3M | -41% |
| Working capital & other | $168M | $111M | $56.8M | +51% |
| Operating cash flow | $344M | $241M | $102M | +42% |
| Free cash flow (OCF − capex) | $150M | $64.6M | $85.0M | +132% |
| Capital expenditures | $194M | $176M | $17.4M | +10% |
Questions
How much did Vulcan Materials's revenue grow quarter over quarter in Q2 2026?
Vulcan Materials's revenue rose $400M (+23%) from $1.8B in Q1 2026 to $2.2B in Q2 2026.
What drove Vulcan Materials's revenue change in Q2 2026?
Aggregates +$286M (+21%); Asphalt +$114M (+53%); Concrete −$700K (-0.4%).