Filing Flows › Vulcan Materials (VMC) › Q4 2025
Vulcan Materials (VMC) Q4 2025 earnings results (fourth quarter 2025)
10-K filed Feb 19, 2026
Vulcan Materials (VMC) reported revenue of $1.9B for the fourth quarter 2025 (Q4 2025), +3% from a year earlier and -17% from the quarter before. Operating margin was 19.8%, net earnings $253M (13.2% of revenue).
Vulcan Materials, Q4 2025: revenue $1.9B (+3% year over year), operating margin 19.8%, net earnings $253M, operating cash flow $543M. The chart follows the revenue to costs, profit and cash.
| Q4 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $1.9B | -17% | +3% |
| Gross profit | $487M | -30% | -9% |
| Operating profit | $379M | -30% | -6% |
| Net earnings | $253M | -33% | -14% |
| Operating cash flow | $543M | -20% | +23% |
| Free cash flow | $358M | -21% | +29% |
What changed
Revenue was $1.9B in Q4 2025, up 3% year over year and down 17% from the previous quarter. Aggregates was the largest line at 73% of revenue.
Gross margin was 25.5%, down 3.5 points from a year earlier. Operating profit was $0.38B, a 19.8% margin (down 1.8 points year over year). Operating profit fell $0.02B even though revenue rose $0.06B versus a year earlier, so costs grew faster than sales. Operating expenses fell 21% while revenue rose 3%. Net earnings were $0.25B, down 14% year over year. The effective tax rate was 21.7%.
Operating cash flow was $0.54B (up 23% year over year), 215% of net earnings. Non-cash charges added back $0.19B of depreciation and amortization and $0.01B of share-based compensation. Working capital and other items added $0.09B. Capital expenditures of $0.18B left free cash flow of $0.36B.
Questions
What was Vulcan Materials' revenue in the fourth quarter 2025?
Vulcan Materials (VMC) reported revenue of $1.9B for the fourth quarter 2025 (Q4 2025), +3% from a year earlier and -17% from the quarter before.
Was Vulcan Materials profitable in the fourth quarter 2025?
Operating profit was $379M (19.8% of revenue) and net earnings $253M.
Source: Vulcan Materials 10-K on SEC EDGAR.