Filing Flows › Vulcan Materials (VMC) › How it makes money
How Vulcan Materials (VMC) makes money
Vulcan Materials (VMC) made $2.2B of revenue in the third quarter 2026 (Q3 2026), -5% from a year earlier. Aggregates brought in $1.7B (78%); Asphalt brought in $381M (17%); Concrete brought in $92.4M (4%). Of every dollar of revenue, 30¢ was left as gross profit, 24¢ was left as operating profit, 17¢ was left as net earnings.
Drawing the Sankey…
Revenue by segment, Q3 2026
| Segment | Revenue | Share | Q/Q | Y/Y |
|---|---|---|---|---|
| Aggregates | $1.7B | 78.3% | +4% | +4% |
| Asphalt | $381M | 17.4% | +16% | -8% |
| Concrete | $92.4M | 4.2% | -51% | -61% |
Where each dollar of revenue goes
| Line | Q3 2026 | % of revenue |
|---|---|---|
| Revenue | $2.2B | 100.0% |
| Cost of revenue | $1.5B | 69.5% |
| Gross profit | $666M | 30.5% |
| Operating expenses | $141M | 6.5% |
| Operating profit | $525M | 24.0% |
| Income tax | $107M | 4.9% |
| Net earnings | $363M | 16.6% |
| Operating cash flow | $386M | 17.7% |
| Free cash flow | $209M | 9.6% |
Revenue, quarter by quarter
| Quarter | Revenue | Y/Y |
|---|---|---|
| Q3 2026 | $2.2B | -5% |
| Q2 2026 | $2.2B | +2% |
| Q1 2026 | $1.8B | +7% |
| Q4 2025 | $1.9B | +3% |
| Q3 2025 | $2.3B | +14% |
| Q2 2025 | $2.1B | +4% |
| Q1 2025 | $1.6B | +6% |
From Vulcan Materials' 10-Q filed Oct 29, 2026 (on EDGAR).
Questions
How does Vulcan Materials make money?
Vulcan Materials (VMC) made $2.2B of revenue in the third quarter 2026 (Q3 2026), -5% from a year earlier. Aggregates brought in $1.7B (78%); Asphalt brought in $381M (17%); Concrete brought in $92.4M (4%). Of every dollar of revenue, 30¢ was left as gross profit, 24¢ was left as operating profit, 17¢ was left as net earnings.
What is Vulcan Materials' biggest business?
Aggregates: $1.7B in the third quarter 2026, 78% of revenue, +4% from a year earlier.
What is Vulcan Materials' profit margin?
Net earnings were $363M, 16.6% of revenue, in the third quarter 2026; the operating margin was 24.0%.
Updated Nov 8, 2026. Read automatically from SEC filings and public data; errors are possible. Not investment advice.