Martin Marietta Materials (MLM)
NYSEMaterialsBuilding MaterialsSnapshot 2026-07-07
$594.23-1.83%
Close 2026-07-07 · 1-day change
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Track MLM free→Martin Marietta sells building materials for roads and foundations. Revenue should reach about $7.16 billion in 2026. Profit (Adjusted EBITDA) is expected near $2.43 billion. The company is growing by buying related businesses.
Revenue growth could slow below 7%. Profit margins might shrink. Capital spending discipline could weaken, raising costs.
The price is about 8% above our fair value near $552. Analysts expect about 13% revenue growth. Our fair value is 20% below the Street median, so the market is somewhat optimistic.
Breaks if: Adjusted EBITDA falls below $2.3 billion in FY26
Maintain full-year 2026 Adjusted EBITDA guidance around $2.43 billion midpoint, reflecting strong demand, price increases, and optimization efforts.
Stated as a priority in 3 of last 3 quarters. Management reaffirmed 2026 Adjusted EBITDA guidance at $2.43 billion midpoint in 2026-Q1, consistent with prior 2025-Q4 guidance raised to $2.32 billion midpoint. The trajectory shows delivery on guidance with stable to improving EBITDA expectations.
Breaks if: Capital spending exceeds $600 million in FY26
Maintain disciplined capital expenditures guidance for 2026 between $550 million and $600 million to support growth and portfolio optimization.
Stated as a priority in 3 of last 3 quarters. Management reaffirmed 2026 capital expenditures guidance at $575 million midpoint in 2026-Q1, consistent with prior 2025-Q4 guidance. Actual capex was $807 million in 2025, indicating disciplined management aiming to reduce capex in 2026. The trajectory is consistent with stated capital allocation discipline.
Breaks if: No significant acquisitions or divestitures completed in FY26
Continue to optimize portfolio by acquiring aggregates-led businesses and divesting non-core assets to enhance earnings durability and margin profile.
Breaks if: Revenue falls below $6.6 billion in FY26
Maintain full-year 2026 revenue guidance around $7.16 billion midpoint, supported by strong product demand and price increases.
Stated as a priority in 3 of last 3 quarters. Management reaffirmed 2026 revenue guidance at $7.16 billion midpoint in 2026-Q1, consistent with prior 2025-Q4 guidance. Revenue grew from $6.15 billion in 2024 to $6.6 billion guidance midpoint for 2025, showing a positive trajectory aligned with guidance.
Standing thesis, reviewed periodically — not a price target or advice.
Not investment advice. Scores describe historical and current data; they are not forecasts of future returns. Consult a licensed advisor before making investment decisions.
“We are reaffirming our full-year 2026 Adjusted EBITDA from continuing operations guidance of $2.43 billion at the midpoint.”
“The Company is reaffirming its 2026 Adjusted EBITDA guidance of $2.43 billion at the midpoint.”
“We are raising our full-year 2025 Adjusted EBITDA guidance to $2.32 billion at the midpoint.”
“2026 capital expenditures guidance reaffirmed at $575 million midpoint.”
“2026 capital expenditures guidance set between $550 million and $600 million.”
“2025 capital expenditures guidance was $810 million to $840 million.”
Stated as a priority in 4 of last 4 quarters. Management completed the QUIKRETE asset exchange providing $450 million cash and 20 million tons of aggregates operations in 2026-Q1, acquired Premier Magnesia in 2025-Q3, and signed agreement to acquire New Frontier Materials producing over 8 million tons annually. These actions demonstrate active portfolio optimization with ongoing delivery.
“Completed asset exchange with QUIKRETE and signed agreement to acquire New Frontier Materials.”
“Completed QUIKRETE asset exchange and acquired assets in Minnesota from CRH.”
“Completed acquisition of Premier Magnesia and entered agreement with QUIKRETE for asset exchange.”
“Completed acquisition of Premier Magnesia and entered definitive agreement with QUIKRETE.”
“We are reaffirming our full-year 2026 revenue guidance of $7.16 billion at the midpoint.”
“The Company's 2026 revenue guidance midpoint is $7.16 billion.”
“We are raising our full-year 2025 revenue guidance to $7.0 billion.”