Filing Flows › Vulcan Materials (VMC) › Q3 2025
Vulcan Materials (VMC) Q3 2025 earnings results (third quarter 2025)
10-Q filed Oct 30, 2025
Vulcan Materials (VMC) reported revenue of $2.3B for the third quarter 2025 (Q3 2025), +14% from a year earlier and +9% from the quarter before. Operating margin was 23.7%, net earnings $375M (16.4% of revenue).
Vulcan Materials, Q3 2025: revenue $2.3B (+14% year over year), operating margin 23.7%, net earnings $375M, operating cash flow $677M. The chart follows the revenue to costs, profit and cash.
| Q3 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $2.3B | +9% | +14% |
| Gross profit | $697M | +12% | +23% |
| Operating profit | $543M | +15% | +61% |
| Net earnings | $375M | +17% | +80% |
| Operating cash flow | $677M | +98% | +14% |
| Free cash flow | $455M | +90% | -9% |
What changed
Revenue was $2.3B in Q3 2025, up 14% year over year and up 9% from the previous quarter. Aggregates was the largest line at 71% of revenue. Aggregates added $0.19B year over year (up 13%), 66% of the total change.
Gross margin was 30.4%, up 2.2 points from a year earlier. Operating profit was $0.54B, a 23.7% margin (up 6.9 points year over year). Of the extra revenue versus a year earlier, 72% reached operating profit, above the 17% margin then. Operating expenses fell 32% while revenue rose 14%. The fastest-growing cost line was SG&A (+13%). Net earnings were $0.37B, up 81% year over year. The effective tax rate was 23.0%.
Operating cash flow was $0.68B (up 14% year over year), 180% 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 added $0.09B. Capital expenditures of $0.22B left free cash flow of $0.45B.
Questions
What was Vulcan Materials' revenue in the third quarter 2025?
Vulcan Materials (VMC) reported revenue of $2.3B for the third quarter 2025 (Q3 2025), +14% from a year earlier and +9% from the quarter before.
Was Vulcan Materials profitable in the third quarter 2025?
Operating profit was $543M (23.7% of revenue) and net earnings $375M.
Source: Vulcan Materials 10-Q on SEC EDGAR.