Filing Flows › Vulcan Materials (VMC) › Q3 2026 › vs Q3 2025
Vulcan Materials (VMC) Q3 2026 vs Q3 2025 (year over year)
Vulcan Materials's revenue fell $107M (-5%) from $2.3B in Q3 2025 to $2.2B in Q3 2026. The biggest changes: Concrete −$145M (-61%); Aggregates +$73.1M (+4%); Asphalt −$34.9M (-8%). Gross margin 30.5% against 30.4% (+0.0 pts).
Vulcan Materials, Q3 2026: revenue $2.2B (-5% year over year), operating margin 24.0%, net earnings $363M, operating cash flow $386M. The chart draws each line against Q3 2025, the increases inside each band.
Margins
| Q3 2026 | Q3 2025 | Change | |
|---|---|---|---|
| Gross margin | 30.5% | 30.4% | +0.0 pts |
| Operating margin | 24.0% | 23.7% | +0.3 pts |
| Net margin | 16.6% | 16.4% | +0.2 pts |
| Free cash flow margin | 9.6% | 19.8% | -10.3 pts |
Every line
| Line | Q3 2026 | Q3 2025 | Change | % |
|---|---|---|---|---|
| Aggregates | $1.7B | $1.6B | $73.1M | +4% |
| Asphalt | $381M | $416M | −$34.9M | -8% |
| Concrete | $92.4M | $238M | −$145M | -61% |
| Revenue | $2.2B | $2.3B | −$107M | -5% |
| Gross profit | $666M | $697M | −$31.6M | -5% |
| Cost of revenue | $1.5B | $1.6B | −$75.3M | -5% |
| Operating profit | $525M | $543M | −$18.6M | -3% |
| Operating expenses | $141M | $154M | −$13.0M | -8% |
| Pre-tax earnings | $471M | $489M | −$17.4M | -4% |
| Other expense, net | $53.4M | $54.6M | −$1.2M | -2% |
| SG&A | $137M | $145M | −$8.3M | -6% |
| Other operating costs | $4.0M | $8.7M | −$4.7M | -54% |
| Net earnings | $363M | $375M | −$12.1M | -3% |
| Income tax | $107M | $112M | −$5.3M | -5% |
| Depreciation & amortization | $181M | $191M | −$10.2M | -5% |
| Share-based compensation | $8.6M | $16.9M | −$8.3M | -49% |
| Working capital & other | $166M | −$93.5M | $260M | — |
| Operating cash flow | $386M | $677M | −$290M | -43% |
| Free cash flow (OCF − capex) | $209M | $455M | −$246M | -54% |
| Capital expenditures | $178M | $222M | −$44.4M | -20% |
Questions
How much did Vulcan Materials's revenue grow year over year in Q3 2026?
Vulcan Materials's revenue fell $107M (-5%) from $2.3B in Q3 2025 to $2.2B in Q3 2026.
What drove Vulcan Materials's revenue change in Q3 2026?
Concrete −$145M (-61%); Aggregates +$73.1M (+4%); Asphalt −$34.9M (-8%).