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NEW YORK STOCK EXCHANGE, INC. · Construction · CIK 0001396009
$264.97
+1.16% · live
Updated
$34.61B market value
From Vulcan Materials CO's FY2025 10-K, filed Feb 19, 2026 · read the filing
Vulcan Materials quarries stone, sand and minerals. It took in $7.94B last year, which makes it a mid-sized company. Of every dollar it sells, about 14 cents is left as profit.
The financial picture is led by profitability and debt, with growth worth watching.
A conclusion from the filings, not a recommendation. Detailed figures and supporting evidence appear in their dedicated sections below.
Recent open-market selling by 2 insiders, not under a pre-arranged plan.
$4.4M sold in the last 120 days · Read the filing
These are things the company filed or that a published model flagged — not predictions, and not a reason on their own to buy or sell anything.
Financial health
Strong finances across the board.
From Vulcan Materials CO's FY2025 annual filing · share price scored separately
Largest year-over-year changes in FY2025
Free cash flow
$806.1M → $1.14B
Cash
$559.7M → $183.3M
Operating income
$1.36B → $1.62B
Profit
$911.9M → $1.08B
Measured against FY2024, from the 10-K filed Feb 19, 2026
Improved: +40.8%
$806.1M to $1.14BCritical
Why it matters: Cash left after paying for the plant that produced it — the money genuinely available for dividends, buybacks or paying down debt. Harder to flatter than profit.
How the latest move compares (quote live), and what was published around it
VMC rose 1.16% on the latest quote. The average Materials company tracked here moved −1.32%, and the S&P 500 −1.04%. That is 2.5 points above its sector and 2.2 points above the market.
Expectations
Not from the filings — what other people are betting on, and what the price already assumes.
The growth rate someone buying today is paying for, against what the company has delivered
At today's price, the market is paying for free cash flow to grow by about 13% a year for the next 10 years. Over the last 10 years it grew by about 17% a year.
The essentials
Each answered from the filings, with the numbers behind it.
Yes. It keeps about 14 cents of every dollar of sales as profit, earning $1.08B last year.
Slowly. Sales grew 7.1% last year.
No. At its current cash flow it could clear its debt in about 2.3 years. For every $1 it owes, it owns $2.05 in assets.
Core operating and valuation reference metrics
Whether the dividend is covered by what the business actually earns
It pays out 24 cents of every dollar of profit and keeps the rest, which leaves the payment comfortably covered. It paid out 14% of the cash its operations generated. It has paid in each of the last 12 years.
GoodFigures from the FY2025 annual filing
Last year it earned $1.08B and generated $1.81B of cash from operations.
Reported annual figures
As reported to the SEC, in USD. Hover or show sources to see where each figure came from.
| Income statement | FY202510-K · Feb 19, 2026Filing for FY2025 | FY202410-K · Feb 20, 2025Filing for FY2024 | FY202310-K · Feb 20, 2025Filing for FY2023 | FY202210-K · Feb 20, 2025Filing for FY2022 | FY202110-K · Feb 25, 2022Filing for FY2021 | ChangeFY2025 vs FY2024 |
|---|---|---|---|---|---|---|
| RevenueWhat is this? | $7.94B | $7.42B | $7.78B | $7.32B | $5.55B | +7.1% |
| Cost of revenue | $5.77B | $5.42B | $5.83B | $5.76B | $4.18B | +6.4% |
| Gross profit | $2.17B | $2.00B | $1.95B | $1.56B | $1.37B | +8.8% |
| Gross marginGross profit ÷ revenueWhat is this? | 27.4% | 27.0% | 25.0% | 21.3% | 24.7% | +0.4 pts |
| Selling, general and administrative | $564.1M | $531.1M | $542.8M | $515.1M | $417.6M | +6.2% |
| Operating income | $1.62B | $1.36B | $1.43B | $951.4M | $1.01B | +18.7% |
| Operating marginOperating income ÷ revenueWhat is this? | 20.4% | 18.4% | 18.3% | 13.0% | 18.2% | +2.0 pts |
| Interest expense | $239.7M | $191.2M | $196.1M | $169.2M | $149.3M | +25.4% |
| Income before tax | $1.39B | $1.17B | $1.25B | $788.1M | $873.8M | +18.6% |
| Net income | $1.08B | $911.9M | $933.2M | $575.6M | $670.8M | +18.1% |
| Net marginNet income ÷ revenueWhat is this? | 13.6% | 12.3% | 12.0% | 7.9% | 12.1% | +1.3 pts |
| Earnings per shareNet income ÷ shares outstanding at the period end — close to, but not the same as, the reported EPSWhat is this? | $8.24 | $6.90 | $7.06 | $4.33 | $5.06 | +19.4% |
† calculated from other reported figures, such as total liabilities as assets minus equity.
Insider activity, ownership stakes and what's coming — straight from EDGAR, before any article is written about it
Officers, directors and major shareholders must report within two business days of a trade.
Sold on the open market — 5,696 shares at $275.49 ($1.6M)
Holds 66,513 shares after this filing.
Sold on the open market — 3,762 shares at $276.51 ($1.0M)
Holds 62,751 shares after this filing.
20 recent filings, newest first. Each is labelled from its form and item numbers, not from its wording.
Quarterly report on Form 10-Q
Read the filingPublished results
Read the filingWrite down why you are following Vulcan Materials CO, what has to go right and what would change your mind, then see each new annual report measured against it. Sign in to start one.
Go deeper
Every figure above traces back to a filing in the timeline, each linked to the document itself.
The 106 subsidiaries named in its 10-K, incorporated across 19 places. A filer lists the significant ones and may leave the rest out, so this is the floor rather than the full count.
Every company's figures are checked for internal consistency: the balance sheet adding up, figures sharing one currency, cash flow and share counts within plausible ranges, and how recent the latest annual report is. Nothing here changes a figure.
Financial figures are from VMC's 10-K for fiscal year 2025 (period ending 2025-12-31, filed Feb 19, 2026), reported under the US GAAP taxonomy. View the source filing.
3 of 4 scored areas had enough reported figures to judge
The score averages profitability, growth, debt and accounting. Accounting had too few reported figures and is left out of the average rather than counted as a weakness, so a company is never marked down for a figure it did not publish. Cash generation is shown for context and already feeds profitability. Valuation is scored separately, because a share price says nothing about whether the business is sound. 9 of the 9 Piotroski checks could be evaluated. How the score works
Each year scored only from its annual report as it was first filed
| Fiscal year | Health | F-Score | Scored from |
|---|---|---|---|
| FY2025 | 8.7 | 9/9 | 10-K, filed Feb 19, 2026 |
| FY2024 | 6.0 | 5/9 | 10-K, filed Feb 20, 2025 |
| FY2023 | 8.7 | 9/9 | 10-K, filed Feb 22, 2024 |
| FY2022 | 8.0 | 6/9 | 10-K, filed Feb 24, 2023 |
| FY2021 | 7.0 | 6/9 | 10-K, filed Feb 25, 2022 |
| FY2020 | 8.0 | 6/9 | 10-K, filed Feb 25, 2022 |
A later restatement never reaches back into an earlier year, and every year is scored without a share price, so the latest point can differ a little from the headline score, which uses today's price.
Every check behind the three models, and what each one tests
9 of 9 checks passed
Nine yes-or-no tests of whether this year's finances improved on last year's.
3.47
In the safe zone
For this model, above 2.6 is safe and below 1.1 is distress.
Distance from bankruptcy, from a model fitted on companies that did and did not go bust. It describes a balance sheet's shape today; it does not forecast a failure.
not reported — This company has not reported enough of the required figures to calculate this score.
This company has not reported enough of the required figures to calculate this score.
Screens eight accounting ratios for the pattern earnings manipulators tend to leave. A flag is a reason to read the filing closely, never evidence of wrongdoing.
Every figure above comes from the FY2025 filing as filed with the SEC.
Deteriorated: -67.3%
$559.7M to $183.3MCritical
Why it matters: A falling cash pile is only a warning if the company is consuming it. Paying down debt, buying back stock and paying a dividend all reduce cash by choice.
Improved: +18.7%
$1.36B to $1.62BSignificant
Why it matters: Profit from running the business, before interest and tax. Less exposed than profit to one-off financing and tax items, so a clearer read on the business itself.
Improved: +18.1%
$911.9M to $1.08BSignificant
Why it matters: Profit swings far more than sales do, and one-off items — a legal settlement, a tax charge, an asset sale — move it without the underlying business changing.
Improved: +19.4%
$6.90 to $8.24Significant
Why it matters: Profit divided by the shares in issue at the period end, so it sits close to but not on the company's own reported figure. It can rise with no growth in profit when the company buys back stock — read it beside the share count.
Improved: +7.1%
$7.42B to $7.94BNotable
Why it matters: Sales are what everything else is built on. A fall can be lost customers, lower prices, or a business the company sold — the filing itself says which.
Improved: +8.8%
$2.00B to $2.17BNotable
Why it matters: What is left of sales after the direct cost of producing them. It normally moves with revenue, so a move out of step with revenue is the part worth noticing.
Improved: +2.0 pts
18.4% to 20.4%Notable
Why it matters: What survives each sale after running the business. A falling operating margin beside a steady gross margin points at overheads — wages, marketing, research — rather than pricing.
Improved: +1.3 pts
12.3% to 13.6%Notable
Why it matters: What survives to the very end of each sale. Worth reading beside revenue: growing sales on a shrinking margin means the company is buying its growth.
Improved: -11.1%
$4.91B to $4.36BNotable
Why it matters: Rising debt is not automatically bad — borrowing to build something that earns more than the interest is ordinary. It matters when it grows faster than the profit meant to service it.
Improved: -1.1%
132.1M to 130.6MNotable
Why it matters: The company bought back stock, so each remaining holding owns slightly more of it. Worth checking it was not funded by borrowing.
Changed: +6.3%
$244.4M to $259.8MNotable
Why it matters: Cash handed to shareholders. A rise can be a higher dividend or simply more shares, and a cut is a decision the company explains in its own filing — neither is rated here.
Changed: +12.3%
$603.5M to $677.7MNotable
Why it matters: Neither good nor bad on its own. Heavy spending is a company building capacity or a company struggling to stand still, and the two look identical in this figure.
Q1 FY2026 against Q1 FY2025, from the 10-Q filed Apr 29, 2026 — read it.
Improved: +15.7%
$365.3M to $422.7MSignificant
Why it matters: What is left of sales after the direct cost of producing them. It normally moves with revenue, so a move out of step with revenue is the part worth noticing.
Improved: +17.2%
$226.4M to $265.4MSignificant
Why it matters: Profit from running the business, before interest and tax. Less exposed than profit to one-off financing and tax items, so a clearer read on the business itself.
Improved: +28.4%
$128.9M to $165.5MSignificant
Why it matters: Profit swings far more than sales do, and one-off items — a legal settlement, a tax charge, an asset sale — move it without the underlying business changing.
Deteriorated: -22.6%
$83.5M to $64.6MSignificant
Why it matters: Cash left after paying for the plant that produced it — the money genuinely available for dividends, buybacks or paying down debt. Harder to flatter than profit.
Improved: +30.2%
$0.98 to $1.27Significant
Why it matters: Profit divided by the shares in issue at the period end, so it sits close to but not on the company's own reported figure. It can rise with no growth in profit when the company buys back stock — read it beside the share count.
Deteriorated: -22.7%
$181.3M to $140.2MSignificant
Why it matters: A falling cash pile is only a warning if the company is consuming it. Paying down debt, buying back stock and paying a dividend all reduce cash by choice.
Improved: +7.4%
$1.63B to $1.76BNotable
Why it matters: Sales are what everything else is built on. A fall can be lost customers, lower prices, or a business the company sold — the filing itself says which.
Improved: +1.7 pts
22.3% to 24.1%Notable
Why it matters: What survives each sale before overheads. Falling gross margin usually means the company is discounting or its input costs rose — it is the earliest place pricing pressure shows.
Improved: +1.3 pts
13.9% to 15.1%Notable
Why it matters: What survives each sale after running the business. A falling operating margin beside a steady gross margin points at overheads — wages, marketing, research — rather than pricing.
Improved: +1.5 pts
7.9% to 9.4%Notable
Why it matters: What survives to the very end of each sale. Worth reading beside revenue: growing sales on a shrinking margin means the company is buying its growth.
Improved: -11.1%
$4.91B to $4.36BNotable
Why it matters: Rising debt is not automatically bad — borrowing to build something that earns more than the interest is ordinary. It matters when it grows faster than the profit meant to service it.
Improved: -1.4%
132.1M to 130.3MNotable
Why it matters: The company bought back stock, so each remaining holding owns slightly more of it. Worth checking it was not funded by borrowing.
Changed: +5.1%
$168.0M to $176.5MNotable
Why it matters: Neither good nor bad on its own. Heavy spending is a company building capacity or a company struggling to stand still, and the two look identical in this figure.
1 other measure barely moved. Figures compare the two most recent annual filings — read the latest one. Moves are graded on fixed lines — 5%, 15% and 40% for amounts, and 1, 3 and 8 points for margins — as notable, significant or critical. Nothing here reads the management commentary, which is where a company explains its own numbers.
These coincide with the move in time. None is presented as its cause: a price can move on news that names no company, on the wider market, or on trading that no document records.
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Discounted at 8%–10% a year, with growth settling to 2.5% after 10 years. Those rates are ordinary choices, not measurements: across that range the assumed growth works out between 10% and 15%. This describes what the price implies — it is not a forecast, and not a view on whether the price is right.
Measured on and published about a week later — this is a fortnightly snapshot, not a live position.
About 4.1% of this company's shares have been borrowed and sold by people expecting to buy them back cheaper. That is a bet the price falls. Those people can be wrong, and when a heavily shorted share rises they have to buy it back, which pushes it up further.
Collected by FINRA from broker-dealers twice a month. It counts positions, not intentions, and some of it is hedging rather than a directional bet against the company.
Nothing in this section is a figure this company reported about itself. These are expectations and positions — what the price implies, what analysts have published, what short sellers are betting, and what large funds held at the last count. WylthIQ reports them; it does not endorse them, does not forecast prices, and takes no view on whether any of them will turn out to be right.
The trailing P/E is 34.9x — a high multiple relative to the current trailing profit.
This company has not reported enough of the required figures to calculate this score.
Sold on the open market — 542 shares at $277.09 ($150.2K)
Holds 62,209 shares after this filing.
Sold on the open market — 4,000 shares at $276.70 ($1.1M)
Holds 58,209 shares after this filing.
Exercised stock options — 26,100 shares at $113.16 ($3.0M)
Holds 66,615 shares after this filing.
Exercised stock options — 24,800 shares at $164.38 ($4.1M)
Holds 91,415 shares after this filing.
Exercised stock options — 22,400 shares at $185.31 ($4.2M)
Holds 113,815 shares after this filing.
Exercised stock options — 21,670 shares at $180.52 ($3.9M)
Holds 135,485 shares after this filing.
Exercised stock options — 27,000 shares at $133.95 ($3.6M)
Holds 162,485 shares after this filing.
Had shares withheld to cover taxes — 18,882 shares at $287.79 ($5.4M)
Holds 143,603 shares after this filing.
Had shares withheld to cover taxes — 18,969 shares at $287.79 ($5.5M)
Holds 124,634 shares after this filing.
Had shares withheld to cover taxes — 17,287 shares at $287.79 ($5.0M)
Holds 107,347 shares after this filing.
Had shares withheld to cover taxes — 17,176 shares at $287.79 ($4.9M)
Holds 90,171 shares after this filing.
Had shares withheld to cover taxes — 17,962 shares at $287.79 ($5.2M)
Holds 72,209 shares after this filing.
Sold on the open market — 2,000 shares at $285.10 ($570.2K)
Holds 6,716 shares after this filing.
Notice filed ahead of a planned sale — the sale itself has not necessarily happened yet.
Filed notice to sell 14,000 shares ($3.9M) on or after .
Shares originally obtained via Exercised Shares.
Filed notice to sell 2,000 shares ($570.2K) on or after .
Shares originally obtained via Performance Shares.
Filed notice to sell 71,629 shares ($19.4M) on or after .
Shares originally obtained via EMPLOYEE COMPENSATION.
Not investment advice, and not a signal to act on by itself — a filing says what happened, not why, and insiders trade for ordinary reasons having nothing to do with where they think the company is headed.
Reported another event
Had a director or senior officer leave or join · Held a shareholder vote
Read the filingQuarterly report for Q1 FY2026
Revenue +7.4% · Operating margin +1.3 pts · Gross profit +15.7% — against Q1 FY2025
Read the filingPublished results
Read the filingProxy statement for a shareholder meeting
Read the filingMade a Regulation FD disclosure
Read the filingAnnual report for FY2025
Revenue +7.1% · Operating margin +2.0 pts · Free cash flow +40.8% — against FY2024
Read the filingPublished results
Read the filingHad a director or senior officer leave or join
Read the filingHad a director or senior officer leave or join
Read the filingReported a mine safety matter
Read the filingQuarterly report for Q3 FY2025
Revenue +14.4% · Operating margin +6.9 pts · Operating income +61.1% — against Q3 FY2024
Read the filingPublished results
Read the filingHad a director or senior officer leave or join
Read the filingQuarterly report for Q2 FY2025
Cash +213.0% · Long-term debt +30.8% · Gross profit +5.6% — against Q2 FY2024
Read the filingPublished results
Read the filingReported a mine safety matter
Read the filingHad a director or senior officer leave or join · Held a shareholder vote
Read the filingThe first 40 of 106. The rest are in the exhibit.
Source: Exhibit 21 of the 10-K filed 2026-02-19. These are legal entities, not brands or acquisitions — a company that bought a business may hold it inside an entity named here, or inside one small enough that the rule does not require naming it at all.
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