Vulcan Materials (VMC) Financials

$244.58 +1.10 (+0.45%)

As of 03:04 PM Eastern

Annual Income Statements for Vulcan Materials

This table shows Vulcan Materials' income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Net Income / (Loss) Attributable to Common Shareholders	221	419	601	516	618	585	671	576	933	912
Consolidated Net Income / (Loss)	221	419	601	516	618	585	670	577	935	913
Net Income / (Loss) Continuing Operations	233	422	593	518	623	588	674	595	946	921
Total Pre-Tax Income	328	547	361	623	758	744	874	788	1,245	1,172
Total Operating Income	550	666	639	748	878	896	1,011	951	1,427	1,365
Total Gross Profit	858	989	994	1,101	1,256	1,282	1,373	1,558	1,949	2,000
Total Revenue	3,422	3,593	3,890	4,383	4,929	4,857	5,552	7,315	7,782	7,418
Total Cost of Revenue	2,565	2,604	2,897	3,282	3,673	3,575	4,179	5,758	5,833	5,418
Operating Cost of Revenue	2,565	2,604	2,897	3,282	3,673	3,575	4,179	5,758	5,833	5,418
Total Operating Expenses	308	323	354	353	378	386	363	606	521	635
Selling, General & Admin Expense	318	338	372	368	402	390	478	515	543	531
Other Operating Expenses / (Income)	-	-	-	-	-	-	-	34	26	70
Impairment Charge	-	-	-	-	-	0.00	4.60	68	28	87
Other Special Charges / (Income)	-9.93	-15	-18	-15	-24	-4.00	-120	-11	-76	-52
Total Other Income / (Expense), net	-222	-119	-278	-124	-120	-152	-137	-163	-182	-192
Interest Expense	221	134	296	138	130	136	149	169	196	191
Interest & Investment Income	0.35	0.81	4.44	0.55	1.20	1.60	1.60	0.80	17	21
Other Income / (Expense), net	-1.68	15	13	13	9.20	-18	11	5.10	-2.70	-22
Income Tax Expense	95	125	-232	105	135	156	200	193	299	251
Net Income / (Loss) Discontinued Operations	-12	-2.92	7.79	-2.04	-4.80	-3.50	-3.30	-19	-11	-7.60
Net Income / (Loss) Attributable to Noncontrolling Interest	-	-	-	-	0.00	0.00	-0.40	0.90	1.70	1.20
Basic Earnings per Share	$1.66	$3.15	$4.54	$3.90	$4.67	$4.41	$5.05	$4.33	$7.02	$6.89
Weighted Average Basic Shares Outstanding	133.21M	133.21M	132.51M	132.39M	132.30M	132.60M	132.80M	133M	133M	132.30M
Diluted Earnings per Share	$1.64	$3.09	$4.46	$3.85	$4.63	$4.39	$5.02	$4.31	$6.98	$6.85
Weighted Average Diluted Shares Outstanding	135.09M	135.79M	134.88M	133.93M	133.40M	133.20M	133.50M	133.60M	133.70M	133.10M
Weighted Average Basic & Diluted Shares Outstanding	133.20M	133.20M	132.40M	132.30M	132.39M	132.55M	132.79M	132.97M	132.23M	132.11M
Cash Dividends to Common per Share	$0.40	$0.80	$1.00	$1.12	$1.24	$1.36	$1.48	$1.60	$1.72	$1.84

This table shows Vulcan Materials' income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024
Net Income / (Loss) Attributable to Common Shareholders	177	119	121	309	277	227	103	308	208	294
Consolidated Net Income / (Loss)	177	120	121	309	277	228	103	308	208	294
Net Income / (Loss) Continuing Operations	178	122	123	312	280	230	105	310	210	296
Total Pre-Tax Income	261	151	140	404	366	335	134	405	295	339
Total Operating Income	305	191	187	451	419	370	173	454	337	401
Total Gross Profit	493	350	302	583	591	472	305	592	565	537
Total Revenue	2,088	1,732	1,649	2,113	2,186	1,834	1,546	2,014	2,004	1,854
Total Cost of Revenue	1,595	1,382	1,347	1,530	1,595	1,362	1,241	1,422	1,439	1,316
Operating Cost of Revenue	1,595	1,382	1,347	1,530	1,595	1,362	1,241	1,422	1,439	1,316
Total Operating Expenses	188	158	115	132	172	102	132	139	228	136
Selling, General & Admin Expense	135	126	117	139	144	143	130	134	129	138
Other Operating Expenses / (Income)	8.20	14	-0.80	9.80	4.20	13	2.90	8.30	13	46
Other Special Charges / (Income)	-24	18	-1.70	-17	-4.30	-54	-0.60	-3.80	-0.20	-48
Total Other Income / (Expense), net	-45	-41	-48	-47	-53	-35	-39	-49	-42	-62
Other Income / (Expense), net	1.30	7.00	1.40	-0.10	-6.40	2.40	-0.30	-8.70	-3.80	-9.30
Income Tax Expense	82	28	17	92	86	105	29	94	85	43
Net Income / (Loss) Discontinued Operations	-1.20	-2.50	-2.10	-3.70	-2.80	-2.20	-1.70	-2.00	-1.30	-2.60
Net Income / (Loss) Attributable to Noncontrolling Interest	0.00	0.40	0.20	0.00	0.80	0.70	0.20	0.30	0.80	-0.10
Basic Earnings per Share	$1.33	$0.90	$0.91	$2.32	$2.08	$1.71	$0.78	$2.33	$1.57	$2.21
Weighted Average Basic Shares Outstanding	133M	133M	133.20M	133.20M	133M	133M	132.40M	132.40M	132.20M	132.30M
Diluted Earnings per Share	$1.33	$0.89	$0.90	$2.31	$2.07	$1.70	$0.77	$2.31	$1.56	$2.21
Weighted Average Diluted Shares Outstanding	133.60M	133.60M	133.70M	133.80M	133.70M	133.70M	133.10M	133.10M	133M	133.10M
Weighted Average Basic & Diluted Shares Outstanding	132.91M	132.97M	133.06M	132.87M	132.87M	132.23M	132.25M	132.06M	132.06M	132.11M

This table details how cash moves in and out of Vulcan Materials' business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Net Change in Cash & Equivalents	144	-17	-121	-102	230	924	-957	-80	788	-348
Net Cash From Operating Activities	520	645	645	833	984	1,070	1,012	1,148	1,537	1,410
Net Cash From Continuing Operating Activities	520	645	645	833	984	1,070	1,012	1,148	1,537	1,410
Net Income / (Loss) Continuing Operations	221	419	601	516	618	585	670	577	935	913
Consolidated Net Income / (Loss)	221	419	601	516	618	585	670	577	935	913
Depreciation Expense	275	285	306	346	375	397	463	588	617	632
Amortization Expense	-	-	-	-	-	-	-	60	54	51
Non-Cash Adjustments To Reconcile Net Income	58	8.93	163	23	72	76	0.00	123	29	108
Changes in Operating Assets and Liabilities, net	-34	-69	-425	-52	-80	14	-122	-199	-98	-296
Net Cash From Investing Activities	-309	-357	-1,269	-670	-416	-382	-1,874	-1,053	-164	-2,815
Net Cash From Continuing Investing Activities	-309	-357	-1,269	-670	-416	-382	-1,874	-1,053	-164	-2,815
Purchase of Property, Plant & Equipment	-289	-350	-460	-469	-384	-362	-451	-613	-873	-604
Acquisitions	-27	-33	-1,110	-221	-44	-43	-1,639	-529	0.90	-2,266
Sale of Property, Plant & Equipment	8.22	23	16	22	23	12	217	39	95	55
Divestitures	0.00	0.00	287	11	1.70	1.00	0.00	50	614	0.20
Other Investing Activities, net	-0.35	2.17	-3.25	-13	-12	11	0.10	0.10	0.00	-0.10
Net Cash From Financing Activities	-67	-305	503	-265	-338	235	-94	-175	-586	1,057
Net Cash From Continuing Financing Activities	-67	-305	503	-265	-338	235	-94	-175	-586	1,057
Repayment of Debt	-908	-4.99	-1,484	-1,544	-500	-266	-1,465	-1,821	-820	-590
Repurchase of Common Equity	-21	-161	-60	-134	-2.60	-26	0.00	0.00	-200	-69
Payment of Dividends	-53	-106	-132	-148	-164	-180	-196	-213	-229	-246
Issuance of Debt	841	3.00	2,205	1,590	367	750	1,600	1,911	716	2,008
Other Financing Activities, net	75	-35	-25	-28	-39	-44	-33	-52	-53	-46

This table details how cash moves in and out of Vulcan Materials' business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024
Net Change in Cash & Equivalents	23	15	-22	28	177	604	-649	-189	323	167
Net Cash From Operating Activities	423	400	221	286	548	482	173	201	595	440
Net Cash From Continuing Operating Activities	423	400	221	286	548	482	173	201	595	440
Net Income / (Loss) Continuing Operations	177	120	121	309	277	228	103	308	208	294
Consolidated Net Income / (Loss)	177	120	121	309	277	228	103	308	208	294
Depreciation Expense	151	153	148	155	161	153	151	157	161	164
Amortization Expense	15	14	14	14	13	13	13	13	13	13
Non-Cash Adjustments To Reconcile Net Income	59	47	8.80	4.00	48	-32	13	15	99	-18
Changes in Operating Assets and Liabilities, net	21	67	-70	-195	48	120	-106	-292	114	-12
Net Cash From Investing Activities	-472	-112	-62	-142	-306	346	-164	-370	-108	-2,173
Net Cash From Continuing Investing Activities	-472	-112	-62	-142	-306	346	-164	-370	-108	-2,173
Purchase of Property, Plant & Equipment	-160	-162	-194	-161	-312	-206	-153	-191	-97	-163
Acquisitions	-340	-1.20	0.50	0.40	-	-	-12	-181	-13	-2,060
Sale of Property, Plant & Equipment	28	0.90	1.40	19	5.70	68	1.40	2.20	2.00	49
Other Investing Activities, net	0.10	0.20	0.00	-	-	-	-0.10	-	-	0.10
Net Cash From Financing Activities	72	-273	-181	-117	-65	-223	-659	-20	-164	1,900
Net Cash From Continuing Financing Activities	72	-273	-181	-117	-65	-223	-659	-20	-164	1,900
Repayment of Debt	-1,144	-285	-682	-47	-91	0.20	-551	-7.90	-3.60	-28
Payment of Dividends	-53	-53	-57	-57	-57	-58	-62	-61	-63	-61
Issuance of Debt	1,278	73	578	47	91	-	0.00	103	-95	2,000
Other Financing Activities, net	-8.40	-7.90	-20	-9.30	-7.70	-16	-27	-3.90	-3.20	-12

This table presents Vulcan Materials' assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Total Assets	8,302	8,471	9,505	9,832	10,649	11,687	13,683	14,235	14,546	17,105
Total Current Assets	1,085	1,137	1,180	1,079	1,379	2,277	1,697	1,902	2,525	2,266
Cash & Equivalents	284	259	142	40	272	1,197	235	161	931	560
Restricted Cash	1.15	9.03	5.00	4.37	2.92	0.90	6.50	0.10	18	41
Note & Lease Receivable	-	-	-	-	-	-	-	-	890	892
Inventories, net	347	346	384	429	458	449	521	579	616	682
Other Current Assets	-	-	61	65	76	74	95	116	70	91
Plant, Property, & Equipment, net	3,156	3,261	3,919	4,237	4,316	4,426	5,547	6,051	6,218	8,462
Total Noncurrent Assets	4,061	4,073	4,406	4,516	4,953	4,984	6,439	6,281	5,803	6,378
Long-Term Investments	41	39	35	45	61	34	34	32	31	31
Goodwill	3,095	3,095	3,122	3,165	3,167	3,172	3,697	3,690	3,532	3,788
Intangible Assets	767	769	1,064	1,095	1,091	1,124	1,749	1,702	1,461	1,715
Other Noncurrent Operating Assets	159	170	185	210	634	654	959	858	779	844
Total Liabilities & Shareholders' Equity	8,302	8,471	9,505	9,832	10,649	11,687	13,683	14,235	14,546	17,105
Total Liabilities	3,847	3,899	4,536	4,629	5,027	5,660	7,115	7,282	7,038	8,962
Total Current Liabilities	353	372	443	603	536	1,048	769	957	798	1,239
Short-Term Debt	0.13	0.14	41	133	0.03	515	5.20	101	0.50	401
Accounts Payable	176	145	197	216	265	273	366	455	390	407
Current Employee Benefit Liabilities	91	91	87	92	97	92	121	113	136	124
Other Current Liabilities	76	126	105	141	154	148	259	269	238	276
Other Current Nonoperating Liabilities	9.75	9.75	12	20	19	20	20	20	33	31
Total Noncurrent Liabilities	3,494	3,527	4,093	4,027	4,491	4,612	6,346	6,326	6,240	7,723
Long-Term Debt	1,980	1,983	2,813	2,779	2,784	2,772	3,875	3,875	3,877	4,907
Asset Retirement Reserve & Litigation Obligation	227	224	218	226	210	283	315	311	324	427
Noncurrent Deferred Revenue	208	198	191	186	180	174	167	160	145	138
Noncurrent Deferred & Payable Income Tax Liabilities	681	703	464	567	633	706	1,006	1,073	1,029	1,337
Noncurrent Employee Benefit Liabilities	292	307	303	171	201	137	106	82	84	75
Other Noncurrent Operating Liabilities	106	112	103	96	483	540	876	825	781	839
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	4,454	4,572	4,969	5,203	5,622	6,027	6,568	6,952	7,508	8,143
Total Preferred & Common Equity	4,454	4,572	4,969	5,203	5,622	6,027	6,545	6,929	7,483	8,119
Total Common Equity	4,454	4,572	4,969	5,203	5,622	6,027	6,545	6,929	7,483	8,119
Common Stock	2,956	2,940	2,938	2,930	2,924	2,935	2,949	2,972	3,012	3,032
Retained Earnings	1,619	1,772	2,180	2,445	2,896	3,274	3,749	4,111	4,615	5,214
Accumulated Other Comprehensive Income / (Loss)	-120	-139	-149	-172	-198	-181	-153	-155	-144	-127
Noncontrolling Interest	-	-	-	-	-	0.00	23	24	25	24

This table presents Vulcan Materials' assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024
Total Assets	14,616	14,235	14,077	14,334	14,621	14,546	13,911	14,216	14,352	17,105
Total Current Assets	2,333	1,902	1,793	2,044	2,701	2,525	1,908	1,977	2,213	2,266
Cash & Equivalents	122	161	140	166	340	931	292	111	433	560
Restricted Cash	25	0.10	0.40	2.20	5.00	18	7.70	0.60	1.10	41
Note & Lease Receivable	-	-	975	1,160	1,185	890	886	1,061	1,017	892
Inventories, net	542	579	586	595	571	616	647	650	648	682
Other Current Assets	141	116	92	121	106	70	74	153	114	91
Plant, Property, & Equipment, net	5,985	6,051	6,045	6,106	6,112	6,218	6,209	6,416	6,414	8,462
Total Noncurrent Assets	6,297	6,281	6,240	6,184	5,807	5,803	5,794	5,824	5,726	6,378
Long-Term Investments	33	32	31	31	31	31	31	31	31	31
Goodwill	3,705	3,690	3,690	3,690	3,532	3,532	3,532	3,537	3,450	3,788
Intangible Assets	1,708	1,702	1,679	1,653	1,472	1,461	1,446	1,463	1,448	1,715
Other Noncurrent Operating Assets	851	858	839	810	773	779	785	793	796	844
Total Liabilities & Shareholders' Equity	14,616	14,235	14,077	14,334	14,621	14,546	13,911	14,216	14,352	17,105
Total Liabilities	7,737	7,282	7,066	7,107	7,155	7,038	6,394	6,486	6,459	8,962
Total Current Liabilities	1,363	957	757	793	864	798	696	797	774	1,239
Short-Term Debt	313	101	0.50	0.50	0.50	0.50	0.50	96	0.50	401
Accounts Payable	484	455	370	402	413	390	321	327	353	407
Current Employee Benefit Liabilities	-	113	-	-	-	136	-	-	-	124
Other Current Liabilities	455	269	386	391	441	238	375	375	421	276
Other Current Nonoperating Liabilities	111	20	-	-	10	33	-	-	0.00	31
Total Noncurrent Liabilities	6,374	6,326	6,309	6,314	6,291	6,240	5,698	5,689	5,685	7,723
Long-Term Debt	3,874	3,875	3,877	3,873	3,874	3,877	3,331	3,332	3,329	4,907
Asset Retirement Reserve & Litigation Obligation	-	311	-	-	-	324	-	-	-	427
Noncurrent Deferred Revenue	162	160	158	150	147	145	144	141	139	138
Noncurrent Deferred & Payable Income Tax Liabilities	1,073	1,073	1,060	1,070	1,068	1,029	1,027	1,012	1,000	1,337
Noncurrent Employee Benefit Liabilities	-	82	-	-	-	84	-	-	-	75
Other Noncurrent Operating Liabilities	1,266	825	1,215	1,221	1,201	781	1,197	1,205	1,216	839
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	6,879	6,952	7,011	7,226	7,465	7,508	7,517	7,730	7,893	8,143
Total Preferred & Common Equity	6,856	6,929	6,987	7,203	7,441	7,483	7,492	7,705	7,869	8,119
Total Common Equity	6,856	6,929	6,987	7,203	7,441	7,483	7,492	7,705	7,869	8,119
Common Stock	2,960	2,972	2,966	2,978	2,995	3,012	2,997	3,012	3,027	3,032
Retained Earnings	4,045	4,111	4,174	4,376	4,595	4,615	4,637	4,834	4,981	5,214
Accumulated Other Comprehensive Income / (Loss)	-149	-155	-153	-151	-150	-144	-142	-141	-139	-127
Noncontrolling Interest	23	24	24	24	25	25	25	25	24	24

This table displays calculated financial ratios and metrics derived from Vulcan Materials' official financial filings.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Growth Metrics	-	-	-	-	-	-	-	-	-	-
Revenue Growth	14.29%	4.98%	8.28%	12.66%	12.46%	-1.47%	14.32%	31.75%	6.38%	-4.68%
EBITDA Growth	0.27%	17.32%	-0.74%	15.50%	13.94%	1.09%	16.43%	8.07%	30.62%	-3.32%
EBIT Growth	1.27%	24.16%	-4.13%	16.60%	16.56%	-0.96%	16.32%	-6.36%	48.95%	-5.78%
NOPAT Growth	4.70%	31.60%	104.19%	-40.81%	16.05%	-1.78%	10.06%	-7.82%	50.91%	-1.14%
Net Income Growth	7.93%	89.66%	43.31%	-14.20%	19.75%	-5.37%	14.70%	-14.01%	62.17%	-2.33%
EPS Growth	6.49%	88.41%	44.34%	-13.68%	20.26%	-5.18%	14.35%	-14.14%	61.95%	-1.86%
Operating Cash Flow Growth	99.05%	24.07%	0.01%	29.18%	18.17%	8.77%	-5.47%	13.47%	33.84%	-8.28%
Free Cash Flow Firm Growth	-61.00%	53.56%	-192.40%	166.12%	195.51%	2.82%	-288.27%	111.87%	800.76%	-195.62%
Invested Capital Growth	2.45%	2.28%	22.30%	5.12%	0.55%	0.15%	25.78%	5.52%	-2.94%	23.10%
Revenue Q/Q Growth	3.08%	0.44%	2.76%	2.59%	2.03%	-0.23%	8.42%	1.75%	1.33%	0.26%
EBITDA Q/Q Growth	9.89%	0.24%	-1.76%	4.51%	1.28%	-1.28%	5.01%	4.18%	12.22%	4.20%
EBIT Q/Q Growth	15.77%	0.11%	-3.49%	4.96%	1.15%	-2.42%	3.00%	-0.66%	13.93%	1.44%
NOPAT Q/Q Growth	14.65%	0.84%	111.13%	-41.33%	2.15%	-0.84%	1.67%	-2.41%	9.91%	9.83%
Net Income Q/Q Growth	29.87%	5.99%	55.65%	-28.29%	2.85%	-4.35%	3.58%	-3.00%	13.09%	7.72%
EPS Q/Q Growth	31.20%	5.10%	56.49%	-28.04%	2.66%	-4.15%	3.72%	-3.36%	13.13%	8.04%
Operating Cash Flow Q/Q Growth	32.33%	0.28%	0.81%	1.83%	8.59%	-4.08%	-0.53%	10.89%	5.61%	-2.86%
Free Cash Flow Firm Q/Q Growth	-5.52%	13.58%	-824.50%	205.87%	19.44%	-13.35%	0.01%	-20.44%	15.46%	-291.99%
Invested Capital Q/Q Growth	-0.25%	-0.88%	13.17%	0.10%	-1.06%	0.17%	0.26%	0.46%	-0.39%	19.45%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-
Gross Margin	25.06%	27.53%	25.54%	25.12%	25.48%	26.39%	24.74%	21.29%	25.04%	26.96%
EBITDA Margin	24.05%	26.87%	24.63%	25.26%	25.59%	26.25%	26.74%	21.93%	26.93%	27.31%
Operating Margin	16.07%	18.54%	16.43%	17.06%	17.80%	18.44%	18.21%	13.01%	18.34%	18.40%
EBIT Margin	16.02%	18.94%	16.77%	17.36%	17.99%	18.08%	18.40%	13.08%	18.31%	18.10%
Profit (Net Income) Margin	6.46%	11.68%	15.45%	11.77%	12.53%	12.03%	12.07%	7.88%	12.01%	12.31%
Tax Burden Percent	67.46%	76.65%	166.39%	82.76%	81.52%	78.58%	76.72%	73.15%	75.09%	77.90%
Interest Burden Percent	59.82%	80.42%	55.38%	81.94%	85.45%	84.70%	85.54%	82.39%	87.39%	87.31%
Effective Tax Rate	28.96%	22.81%	-64.23%	16.92%	17.84%	20.95%	22.90%	24.49%	24.05%	21.45%
Return on Invested Capital (ROIC)	6.46%	8.31%	15.09%	7.91%	8.94%	8.75%	8.52%	6.86%	10.23%	9.21%
ROIC Less NNEP Spread (ROIC-NNEP)	-3.33%	2.66%	-5.43%	4.10%	5.05%	3.31%	4.70%	3.04%	5.80%	5.05%
Return on Net Nonoperating Assets (RNNOA)	-1.34%	0.99%	-2.49%	2.23%	2.48%	1.29%	2.13%	1.67%	2.70%	2.46%
Return on Equity (ROE)	5.13%	9.29%	12.60%	10.14%	11.41%	10.04%	10.65%	8.53%	12.93%	11.67%
Cash Return on Invested Capital (CROIC)	4.04%	6.06%	-4.98%	2.92%	8.39%	8.59%	-14.32%	1.48%	13.22%	-11.50%
Operating Return on Assets (OROA)	6.71%	8.11%	7.26%	7.87%	8.66%	7.86%	8.05%	6.85%	9.90%	8.48%
Return on Assets (ROA)	2.71%	5.00%	6.69%	5.33%	6.03%	5.23%	5.29%	4.13%	6.50%	5.77%
Return on Common Equity (ROCE)	5.13%	9.29%	12.60%	10.14%	11.41%	10.04%	10.63%	8.50%	12.89%	11.63%
Return on Equity Simple (ROE_SIMPLE)	4.97%	9.17%	12.10%	9.91%	10.99%	9.70%	10.24%	8.32%	12.49%	11.25%
Net Operating Profit after Tax (NOPAT)	391	514	1,050	621	721	708	779	718	1,084	1,072
NOPAT Margin	11.41%	14.31%	26.98%	14.17%	14.63%	14.58%	14.04%	9.82%	13.93%	14.45%
Net Nonoperating Expense Percent (NNEP)	9.79%	5.64%	20.52%	3.81%	3.89%	5.44%	3.82%	3.82%	4.43%	4.16%
Return On Investment Capital (ROIC_SIMPLE)	-	-	-	-	-	-	-	6.57%	9.52%	7.97%
Cost of Revenue to Revenue	74.94%	72.47%	74.46%	74.88%	74.52%	73.61%	75.26%	78.71%	74.96%	73.04%
SG&A Expenses to Revenue	9.28%	9.42%	9.57%	8.40%	8.16%	8.03%	8.61%	7.04%	6.98%	7.16%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	8.99%	8.99%	9.11%	8.06%	7.68%	7.94%	6.53%	8.29%	6.70%	8.56%
Earnings before Interest and Taxes (EBIT)	548	681	652	761	887	878	1,022	957	1,425	1,342
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	823	965	958	1,107	1,261	1,275	1,485	1,604	2,096	2,026
Valuation Ratios	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	2.63	3.38	3.21	2.38	3.25	3.16	4.11	3.31	4.00	4.18
Price to Tangible Book Value (P/TBV)	19.78	21.79	20.40	13.15	13.40	11.00	24.49	14.91	12.02	12.99
Price to Revenue (P/Rev)	3.43	4.30	4.10	2.83	3.71	3.92	4.85	3.13	3.85	4.58
Price to Earnings (P/E)	53.01	36.81	26.56	24.02	29.58	32.59	40.13	39.80	32.09	37.25
Dividend Yield	0.45%	0.69%	0.83%	1.19%	0.90%	0.95%	0.73%	0.93%	0.76%	0.72%
Earnings Yield	1.89%	2.72%	3.76%	4.16%	3.38%	3.07%	2.49%	2.51%	3.12%	2.68%
Enterprise Value to Invested Capital (EV/IC)	2.19	2.74	2.44	1.89	2.56	2.60	3.00	2.48	3.15	3.01
Enterprise Value to Revenue (EV/Rev)	3.91	4.77	4.79	3.47	4.20	4.35	5.50	3.65	4.22	5.21
Enterprise Value to EBITDA (EV/EBITDA)	16.26	17.73	19.45	13.74	16.43	16.55	20.58	16.65	15.69	19.09
Enterprise Value to EBIT (EV/EBIT)	24.41	25.16	28.57	20.00	23.37	24.03	29.90	27.93	23.07	28.81
Enterprise Value to NOPAT (EV/NOPAT)	34.26	33.31	17.76	24.49	28.74	29.81	39.19	37.19	30.32	36.08
Enterprise Value to Operating Cash Flow (EV/OCF)	25.75	26.56	28.92	18.27	21.05	19.72	30.19	23.27	21.39	27.43
Enterprise Value to Free Cash Flow (EV/FCFF)	54.83	45.68	0.00	66.43	30.62	30.34	0.00	171.81	23.47	0.00
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.44	0.43	0.57	0.56	0.50	0.55	0.59	0.57	0.52	0.65
Long-Term Debt to Equity	0.44	0.43	0.57	0.53	0.50	0.46	0.59	0.56	0.52	0.60
Financial Leverage	0.40	0.37	0.46	0.54	0.49	0.39	0.45	0.55	0.47	0.49
Leverage Ratio	1.89	1.86	1.88	1.90	1.89	1.92	2.01	2.06	1.99	2.02
Compound Leverage Factor	1.13	1.49	1.04	1.56	1.62	1.62	1.72	1.70	1.74	1.77
Debt to Total Capital	30.78%	30.25%	36.49%	35.89%	33.12%	35.29%	37.14%	36.38%	34.06%	39.46%
Short-Term Debt to Total Capital	0.00%	0.00%	0.53%	1.64%	0.00%	5.53%	0.05%	0.92%	0.00%	2.98%
Long-Term Debt to Total Capital	30.78%	30.25%	35.96%	34.25%	33.12%	29.76%	37.09%	35.46%	34.05%	36.48%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.22%	0.22%	0.22%	0.18%
Common Equity to Total Capital	69.22%	69.75%	63.51%	64.11%	66.88%	64.71%	62.65%	63.40%	65.73%	60.36%
Debt to EBITDA	2.41	2.05	2.98	2.63	2.21	2.58	2.61	2.48	1.85	2.62
Net Debt to EBITDA	2.01	1.74	2.79	2.55	1.94	1.61	2.43	2.36	1.38	2.31
Long-Term Debt to EBITDA	2.41	2.05	2.94	2.51	2.21	2.17	2.61	2.42	1.85	2.42
Debt to NOPAT	5.07	3.86	2.72	4.69	3.86	4.64	4.98	5.53	3.58	4.95
Net Debt to NOPAT	4.24	3.26	2.55	4.54	3.40	2.90	4.63	5.27	2.67	4.36
Long-Term Debt to NOPAT	5.07	3.86	2.68	4.47	3.86	3.92	4.97	5.39	3.58	4.58
Altman Z-Score	2.84	3.47	3.16	2.71	3.39	3.20	3.39	3.11	4.00	3.47
Noncontrolling Interest Sharing Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.18%	0.34%	0.33%	0.31%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-
Current Ratio	3.07	3.05	2.66	1.79	2.58	2.17	2.21	1.99	3.17	1.83
Quick Ratio	1.99	2.02	1.65	0.96	1.57	1.67	1.40	1.26	2.28	1.17
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	244	375	-346	229	677	696	-1,310	156	1,401	-1,339
Operating Cash Flow to CapEx	184.86%	197.22%	145.26%	186.35%	272.30%	305.22%	430.96%	200.07%	197.53%	256.85%
Free Cash Flow to Firm to Interest Expense	1.11	2.80	-1.17	1.66	5.20	5.12	-8.77	0.92	7.14	-7.01
Operating Cash Flow to Interest Expense	2.36	4.81	2.18	6.04	7.56	7.87	6.78	6.79	7.84	7.37
Operating Cash Flow Less CapEx to Interest Expense	1.08	2.37	0.68	2.80	4.78	5.29	5.21	3.39	3.87	4.50
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.42	0.43	0.43	0.45	0.48	0.43	0.44	0.52	0.54	0.47
Accounts Receivable Turnover	8.64	7.90	7.20	7.76	8.87	8.62	7.96	7.77	0.00	0.00
Inventory Turnover	7.67	7.52	7.94	8.07	8.28	7.88	8.62	10.46	9.76	8.35
Fixed Asset Turnover	1.10	1.12	1.08	1.07	1.15	1.11	1.11	1.26	1.27	1.01
Accounts Payable Turnover	15.99	16.23	16.92	15.86	15.25	13.28	13.09	14.04	13.81	13.59
Days Sales Outstanding (DSO)	42.23	46.22	50.67	47.02	41.13	42.33	45.85	47.00	0.00	0.00
Days Inventory Outstanding (DIO)	47.60	48.55	45.99	45.25	44.10	46.29	42.36	34.89	37.38	43.70
Days Payable Outstanding (DPO)	22.83	22.48	21.57	23.01	23.93	27.48	27.89	25.99	26.43	26.86
Cash Conversion Cycle (CCC)	66.99	72.29	75.09	69.25	61.30	61.14	60.32	55.90	10.95	16.84
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-
Invested Capital	6,119	6,258	7,654	8,046	8,090	8,103	10,192	10,755	10,438	12,849
Invested Capital Turnover	0.57	0.58	0.56	0.56	0.61	0.60	0.61	0.70	0.73	0.64
Increase / (Decrease) in Invested Capital	147	139	1,396	392	44	12	2,089	563	-317	2,411
Enterprise Value (EV)	13,380	17,119	18,642	15,212	20,719	21,105	30,544	26,718	32,872	38,669
Market Capitalization	11,725	15,443	15,969	12,389	18,270	19,050	26,917	22,912	29,950	33,970
Book Value per Share	$33.41	$34.56	$37.56	$39.40	$42.48	$45.49	$49.32	$52.13	$56.32	$61.48
Tangible Book Value per Share	$4.45	$5.36	$5.92	$7.13	$10.30	$13.07	$8.28	$11.56	$18.75	$19.81
Total Capital	6,435	6,555	7,824	8,115	8,406	9,315	10,448	10,928	11,386	13,450
Total Debt	1,980	1,983	2,855	2,912	2,784	3,288	3,880	3,976	3,878	5,307
Total Long-Term Debt	1,980	1,983	2,813	2,779	2,784	2,772	3,875	3,875	3,877	4,907
Net Debt	1,655	1,676	2,673	2,823	2,449	2,055	3,604	3,782	2,897	4,675
Capital Expenditures (CapEx)	281	327	444	447	361	351	235	574	778	549
Debt-free, Cash-free Net Working Capital (DFCFNWC)	446	497	632	565	569	547	691	884	779	826
Debt-free Net Working Capital (DFNWC)	731	765	779	610	844	1,745	933	1,046	1,728	1,427
Net Working Capital (NWC)	731	765	737	477	844	1,229	927	945	1,727	1,027
Net Nonoperating Expense (NNE)	169	94	448	105	103	124	109	142	149	159
Net Nonoperating Obligations (NNO)	1,664	1,685	2,685	2,843	2,468	2,075	3,624	3,802	2,930	4,707
Total Depreciation and Amortization (D&A)	275	285	306	346	375	397	463	648	671	684
Debt-free, Cash-free Net Working Capital to Revenue	13.03%	13.84%	16.24%	12.90%	11.55%	11.26%	12.45%	12.09%	10.01%	11.14%
Debt-free Net Working Capital to Revenue	21.37%	21.30%	20.01%	13.91%	17.12%	35.92%	16.80%	14.30%	22.20%	19.24%
Net Working Capital to Revenue	21.36%	21.29%	18.95%	10.87%	17.12%	25.31%	16.70%	12.92%	22.20%	13.84%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$1.66	$3.15	$4.54	$3.90	$4.67	$4.41	$5.05	$4.33	$7.02	$6.89
Adjusted Weighted Average Basic Shares Outstanding	133.21M	133.21M	132.51M	132.39M	132.30M	132.58M	132.80M	133M	133M	132.30M
Adjusted Diluted Earnings per Share	$1.64	$3.09	$4.46	$3.85	$4.63	$4.39	$5.02	$4.31	$6.98	$6.85
Adjusted Weighted Average Diluted Shares Outstanding	135.09M	135.79M	134.88M	133.93M	133.39M	133.25M	133.50M	133.60M	133.70M	133.10M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	133.18M	132.36M	132.48M	131.83M	132.39M	132.55M	132.79M	132.97M	132.23M	132.11M
Normalized Net Operating Profit after Tax (NOPAT)	384	502	435	609	701	705	690	762	1,048	1,099
Normalized NOPAT Margin	11.21%	13.97%	11.18%	13.89%	14.23%	14.51%	12.43%	10.41%	13.46%	14.81%
Pre Tax Income Margin	9.58%	15.23%	9.29%	14.22%	15.37%	15.31%	15.74%	10.77%	16.00%	15.80%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	2.48	5.08	2.21	5.51	6.81	6.46	6.84	5.65	7.27	7.02
NOPAT to Interest Expense	1.77	3.83	3.55	4.50	5.54	5.21	5.22	4.25	5.53	5.61
EBIT Less CapEx to Interest Expense	1.21	2.64	0.71	2.27	4.03	3.88	5.27	2.26	3.30	4.15
NOPAT Less CapEx to Interest Expense	0.50	1.40	2.05	1.26	2.76	2.63	3.65	0.85	1.56	2.74
Payout Ratios	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	24.06%	25.35%	22.01%	28.71%	26.55%	30.83%	29.30%	36.88%	24.52%	26.96%
Augmented Payout Ratio	33.77%	63.84%	32.04%	54.69%	26.97%	35.30%	29.30%	36.88%	45.91%	34.50%

This table displays calculated financial ratios and metrics derived from Vulcan Materials' official financial filings.

Metric	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024
Growth Metrics	-	-	-	-	-	-	-	-	-	-
Revenue Growth	37.71%	7.81%	7.03%	8.12%	4.67%	5.91%	-6.26%	-4.66%	-8.32%	1.06%
EBITDA Growth	23.50%	5.13%	14.61%	34.46%	24.10%	47.67%	-4.05%	-0.82%	-13.65%	5.53%
EBIT Growth	15.52%	-3.13%	27.00%	48.89%	34.50%	87.80%	-8.48%	-1.35%	-19.20%	5.10%
NOPAT Growth	2.89%	-10.23%	34.55%	49.27%	53.47%	63.56%	-17.87%	-0.19%	-25.25%	37.71%
Net Income Growth	0.17%	-12.93%	31.27%	64.67%	56.58%	90.24%	-14.89%	-0.10%	-24.85%	28.67%
EPS Growth	0.76%	-14.42%	30.43%	65.00%	55.64%	91.01%	-14.44%	0.00%	-24.64%	30.00%
Operating Cash Flow Growth	29.34%	39.29%	26.03%	90.93%	29.54%	20.43%	-21.64%	-29.73%	8.64%	-8.62%
Free Cash Flow Firm Growth	82.29%	78.73%	93.67%	103.67%	265.03%	240.11%	332.25%	174.04%	-107.05%	-461.03%
Invested Capital Growth	5.32%	5.52%	2.97%	2.47%	-2.12%	-2.94%	-1.87%	1.04%	2.66%	23.10%
Revenue Q/Q Growth	6.86%	-17.07%	-4.79%	28.13%	3.45%	-16.09%	-15.73%	30.32%	-0.52%	-7.50%
EBITDA Q/Q Growth	2.65%	-22.92%	-0.09%	76.73%	-5.26%	-8.28%	-35.95%	82.67%	-17.51%	12.09%
EBIT Q/Q Growth	1.25%	-35.31%	-4.94%	139.13%	-8.54%	-9.67%	-53.68%	157.76%	-25.08%	17.49%
NOPAT Q/Q Growth	-10.49%	-25.60%	6.10%	111.26%	-7.97%	-20.71%	-46.72%	156.73%	-31.08%	46.08%
Net Income Q/Q Growth	-5.50%	-32.30%	0.83%	155.25%	-10.14%	-17.74%	-54.89%	199.61%	-32.40%	40.83%
EPS Q/Q Growth	-5.00%	-33.08%	1.12%	156.67%	-10.39%	-17.87%	-54.71%	200.00%	-32.47%	41.67%
Operating Cash Flow Q/Q Growth	182.05%	-5.42%	-44.66%	29.33%	91.37%	-12.07%	-64.00%	15.97%	195.87%	-26.03%
Free Cash Flow Firm Q/Q Growth	85.75%	-22.82%	64.50%	159.00%	541.44%	4.27%	-44.35%	-30.38%	-116.50%	-5,240.56%
Invested Capital Q/Q Growth	0.64%	0.46%	-0.35%	1.72%	-3.87%	-0.39%	1.07%	4.74%	-2.34%	19.45%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-
Gross Margin	23.60%	20.20%	18.31%	27.61%	27.04%	25.74%	19.73%	29.40%	28.21%	28.99%
EBITDA Margin	22.65%	21.05%	21.26%	29.32%	26.86%	29.35%	21.76%	30.51%	25.30%	30.65%
Operating Margin	14.62%	11.05%	11.35%	21.35%	19.16%	20.18%	11.19%	22.52%	16.82%	21.63%
EBIT Margin	14.69%	11.46%	11.44%	21.35%	18.87%	20.31%	11.17%	22.09%	16.63%	21.13%
Profit (Net Income) Margin	8.48%	6.92%	7.33%	14.61%	12.69%	12.44%	6.66%	15.30%	10.40%	15.83%
Tax Burden Percent	67.96%	79.56%	86.60%	76.33%	75.79%	68.03%	77.08%	76.18%	70.67%	86.58%
Interest Burden Percent	84.97%	75.96%	74.02%	89.65%	88.70%	89.99%	77.35%	90.96%	88.48%	86.57%
Effective Tax Rate	31.58%	18.78%	11.89%	22.76%	23.45%	31.32%	21.65%	23.33%	28.89%	12.65%
Return on Invested Capital (ROIC)	6.89%	6.27%	7.03%	11.61%	10.64%	10.18%	6.34%	11.94%	8.33%	12.03%
ROIC Less NNEP Spread (ROIC-NNEP)	6.05%	5.31%	5.86%	10.56%	9.37%	9.40%	5.37%	10.81%	7.27%	10.55%
Return on Net Nonoperating Assets (RNNOA)	3.42%	2.92%	3.23%	5.72%	4.47%	4.38%	2.48%	5.03%	2.78%	5.15%
Return on Equity (ROE)	10.32%	9.19%	10.27%	17.33%	15.10%	14.56%	8.82%	16.97%	11.12%	17.18%
Cash Return on Invested Capital (CROIC)	1.87%	1.48%	4.26%	5.68%	11.45%	13.22%	11.85%	8.61%	6.57%	-11.50%
Operating Return on Assets (OROA)	7.46%	6.00%	6.08%	11.35%	9.91%	10.99%	6.13%	11.73%	8.49%	9.90%
Return on Assets (ROA)	4.31%	3.63%	3.90%	7.77%	6.66%	6.73%	3.65%	8.13%	5.31%	7.42%
Return on Common Equity (ROCE)	10.28%	9.16%	10.23%	17.27%	15.05%	14.51%	8.79%	16.92%	11.08%	17.13%
Return on Equity Simple (ROE_SIMPLE)	8.67%	0.00%	8.66%	10.09%	11.11%	0.00%	12.24%	11.90%	10.77%	0.00%
Net Operating Profit after Tax (NOPAT)	209	155	165	348	321	254	135	348	240	350
NOPAT Margin	10.01%	8.98%	10.00%	16.49%	14.67%	13.86%	8.76%	17.27%	11.96%	18.89%
Net Nonoperating Expense Percent (NNEP)	0.84%	0.96%	1.17%	1.05%	1.27%	0.78%	0.97%	1.14%	1.07%	1.48%
Return On Investment Capital (ROIC_SIMPLE)	-	1.42%	-	-	-	2.23%	-	-	-	2.60%
Cost of Revenue to Revenue	76.40%	79.80%	81.69%	72.39%	72.96%	74.26%	80.27%	70.60%	71.80%	71.01%
SG&A Expenses to Revenue	6.48%	7.30%	7.11%	6.58%	6.58%	7.77%	8.39%	6.66%	6.44%	7.46%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	8.98%	9.15%	6.96%	6.26%	7.87%	5.56%	8.54%	6.88%	11.38%	7.36%
Earnings before Interest and Taxes (EBIT)	307	198	189	451	413	373	173	445	333	392
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	473	365	351	620	587	538	336	615	507	568
Valuation Ratios	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	3.01	3.31	3.23	4.13	3.58	4.00	4.82	4.26	4.20	4.18
Price to Tangible Book Value (P/TBV)	14.29	14.91	13.94	15.98	10.93	12.02	14.37	12.13	11.13	12.99
Price to Revenue (P/Rev)	2.87	3.13	3.04	3.92	3.47	3.85	4.71	4.33	4.47	4.58
Price to Earnings (P/E)	34.71	39.80	37.30	40.94	32.29	32.09	39.48	35.89	39.11	37.25
Dividend Yield	1.01%	0.93%	0.96%	0.74%	0.84%	0.76%	0.64%	0.72%	0.72%	0.72%
Earnings Yield	2.88%	2.51%	2.68%	2.44%	3.10%	3.12%	2.53%	2.79%	2.56%	2.68%
Enterprise Value to Invested Capital (EV/IC)	2.30	2.48	2.45	3.07	2.88	3.15	3.72	3.28	3.34	3.01
Enterprise Value to Revenue (EV/Rev)	3.43	3.65	3.54	4.41	3.93	4.22	5.10	4.77	4.86	5.21
Enterprise Value to EBITDA (EV/EBITDA)	16.01	16.65	16.51	19.08	16.15	15.69	19.31	17.85	18.49	19.09
Enterprise Value to EBIT (EV/EBIT)	25.60	27.93	26.37	29.19	24.12	23.07	27.80	25.76	27.17	28.81
Enterprise Value to NOPAT (EV/NOPAT)	33.49	37.19	34.61	38.21	30.58	30.32	37.02	34.19	36.85	36.08
Enterprise Value to Operating Cash Flow (EV/OCF)	23.81	23.27	22.01	25.12	20.73	21.39	26.30	25.74	24.78	27.43
Enterprise Value to Free Cash Flow (EV/FCFF)	126.12	171.81	58.43	54.64	24.86	23.47	31.12	38.32	51.55	0.00
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.61	0.57	0.55	0.54	0.52	0.52	0.44	0.44	0.42	0.65
Long-Term Debt to Equity	0.56	0.56	0.55	0.54	0.52	0.52	0.44	0.43	0.42	0.60
Financial Leverage	0.57	0.55	0.55	0.54	0.48	0.47	0.46	0.47	0.38	0.49
Leverage Ratio	2.12	2.06	2.05	2.04	2.04	1.99	1.93	1.91	1.89	2.02
Compound Leverage Factor	1.80	1.57	1.52	1.83	1.81	1.79	1.49	1.74	1.67	1.75
Debt to Total Capital	37.84%	36.38%	35.61%	34.90%	34.17%	34.06%	30.71%	30.72%	29.67%	39.46%
Short-Term Debt to Total Capital	2.82%	0.92%	0.00%	0.00%	0.00%	0.00%	0.00%	0.86%	0.00%	2.98%
Long-Term Debt to Total Capital	35.01%	35.46%	35.61%	34.89%	34.16%	34.05%	30.70%	29.86%	29.66%	36.48%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.21%	0.22%	0.22%	0.21%	0.22%	0.22%	0.23%	0.23%	0.21%	0.18%
Common Equity to Total Capital	61.96%	63.40%	64.17%	64.89%	65.61%	65.73%	69.06%	69.06%	70.12%	60.36%
Debt to EBITDA	2.72	2.48	2.44	2.21	2.08	1.85	1.64	1.69	1.71	2.62
Net Debt to EBITDA	2.60	2.36	2.33	2.10	1.87	1.38	1.48	1.62	1.47	2.31
Long-Term Debt to EBITDA	2.52	2.42	2.44	2.21	2.07	1.85	1.64	1.65	1.71	2.42
Debt to NOPAT	5.69	5.53	5.11	4.43	3.93	3.58	3.15	3.24	3.41	4.95
Net Debt to NOPAT	5.44	5.27	4.88	4.20	3.55	2.67	2.84	3.11	2.93	4.36
Long-Term Debt to NOPAT	5.26	5.39	5.11	4.43	3.93	3.58	3.15	3.15	3.41	4.58
Altman Z-Score	2.63	2.93	2.99	3.67	3.44	3.76	4.55	4.25	4.27	3.28
Noncontrolling Interest Sharing Ratio	0.35%	0.34%	0.34%	0.34%	0.33%	0.33%	0.33%	0.33%	0.32%	0.31%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-
Current Ratio	1.71	1.99	2.37	2.58	3.13	3.17	2.74	2.48	2.86	1.83
Quick Ratio	0.98	1.26	1.47	1.67	1.76	2.28	1.69	1.47	1.87	1.17
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	-332	-407	-145	85	547	571	336	234	-39	-2,061
Operating Cash Flow to CapEx	319.82%	247.92%	115.14%	201.69%	178.99%	349.24%	114.53%	106.29%	627.64%	388.10%
Free Cash Flow to Firm to Interest Expense	0.00	0.00	0.00	1.83	11.75	0.00	0.00	5.82	-1.01	0.00
Operating Cash Flow to Interest Expense	0.00	0.00	0.00	6.13	11.75	0.00	0.00	5.00	15.49	0.00
Operating Cash Flow Less CapEx to Interest Expense	0.00	0.00	0.00	3.09	5.19	0.00	0.00	0.30	13.03	0.00
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.51	0.52	0.53	0.53	0.53	0.54	0.55	0.53	0.51	0.47
Accounts Receivable Turnover	6.69	7.77	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Inventory Turnover	10.68	10.46	10.51	10.47	10.52	9.76	9.29	9.03	8.97	8.35
Fixed Asset Turnover	1.25	1.26	1.26	1.28	1.27	1.27	1.25	1.21	1.18	1.01
Accounts Payable Turnover	12.59	14.04	15.34	13.89	13.05	13.81	16.57	15.42	14.28	13.59
Days Sales Outstanding (DSO)	54.59	47.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Days Inventory Outstanding (DIO)	34.17	34.89	34.73	34.88	34.69	37.38	39.28	40.43	40.69	43.70
Days Payable Outstanding (DPO)	28.99	25.99	23.79	26.28	27.97	26.43	22.03	23.66	25.57	26.86
Cash Conversion Cycle (CCC)	59.77	55.90	10.94	8.59	6.72	10.95	17.26	16.76	15.13	16.84
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-
Invested Capital	10,706	10,755	10,717	10,901	10,479	10,438	10,516	11,015	10,757	12,849
Invested Capital Turnover	0.69	0.70	0.70	0.70	0.73	0.73	0.72	0.69	0.70	0.64
Increase / (Decrease) in Invested Capital	541	563	310	263	-227	-317	-201	114	278	2,411
Enterprise Value (EV)	24,653	26,718	26,280	33,415	30,166	32,872	39,156	36,135	35,960	38,669
Market Capitalization	20,623	22,912	22,550	29,717	26,642	29,950	36,131	32,826	33,072	33,970
Book Value per Share	$51.59	$52.13	$52.54	$54.13	$56.00	$56.32	$56.59	$58.26	$59.59	$61.48
Tangible Book Value per Share	$10.86	$11.56	$12.17	$13.98	$18.34	$18.75	$18.99	$20.46	$22.50	$19.81
Total Capital	11,066	10,928	10,888	11,100	11,340	11,386	10,848	11,158	11,223	13,450
Total Debt	4,187	3,976	3,877	3,874	3,875	3,878	3,331	3,427	3,330	5,307
Total Long-Term Debt	3,874	3,875	3,877	3,873	3,874	3,877	3,331	3,332	3,329	4,907
Net Debt	4,007	3,782	3,706	3,674	3,499	2,897	3,000	3,284	2,864	4,675
Capital Expenditures (CapEx)	132	161	192	142	306	138	151	189	95	113
Debt-free, Cash-free Net Working Capital (DFCFNWC)	1,137	884	896	1,083	1,493	779	912	1,164	1,005	826
Debt-free Net Working Capital (DFNWC)	1,283	1,046	1,036	1,251	1,838	1,728	1,212	1,275	1,439	1,427
Net Working Capital (NWC)	971	945	1,036	1,250	1,837	1,727	1,211	1,180	1,439	1,027
Net Nonoperating Expense (NNE)	32	36	44	40	43	26	33	39	31	57
Net Nonoperating Obligations (NNO)	3,827	3,802	3,706	3,674	3,014	2,930	3,000	3,284	2,864	4,707
Total Depreciation and Amortization (D&A)	166	166	162	169	175	166	164	170	174	177
Debt-free, Cash-free Net Working Capital to Revenue	15.81%	12.09%	12.07%	14.28%	19.43%	10.01%	11.87%	15.35%	13.58%	11.14%
Debt-free Net Working Capital to Revenue	17.85%	14.30%	13.96%	16.50%	23.93%	22.20%	15.78%	16.82%	19.45%	19.24%
Net Working Capital to Revenue	13.50%	12.92%	13.95%	16.49%	23.92%	22.20%	15.78%	15.56%	19.45%	13.84%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$1.33	$0.90	$0.91	$2.32	$2.08	$1.71	$0.78	$2.33	$1.57	$2.21
Adjusted Weighted Average Basic Shares Outstanding	133M	133M	133.20M	133.20M	133M	133M	132.40M	132.40M	132.20M	132.30M
Adjusted Diluted Earnings per Share	$1.33	$0.89	$0.90	$2.31	$2.07	$1.70	$0.77	$2.31	$1.56	$2.21
Adjusted Weighted Average Diluted Shares Outstanding	133.60M	133.60M	133.70M	133.80M	133.70M	133.70M	133.10M	133.10M	133M	133.10M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	132.91M	132.97M	133.06M	132.87M	132.87M	132.23M	132.25M	132.06M	132.06M	132.11M
Normalized Net Operating Profit after Tax (NOPAT)	239	170	163	336	339	217	135	345	301	309
Normalized NOPAT Margin	11.45%	9.81%	9.91%	15.88%	15.51%	11.85%	8.73%	17.12%	15.03%	16.64%
Pre Tax Income Margin	12.48%	8.70%	8.47%	19.13%	16.74%	18.28%	8.64%	20.09%	14.72%	18.29%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	0.00	0.00	0.00	9.66	8.85	0.00	0.00	11.07	8.68	0.00
NOPAT to Interest Expense	0.00	0.00	0.00	7.46	6.88	0.00	0.00	8.65	6.24	0.00
EBIT Less CapEx to Interest Expense	0.00	0.00	0.00	6.62	2.29	0.00	0.00	6.36	6.21	0.00
NOPAT Less CapEx to Interest Expense	0.00	0.00	0.00	4.42	0.31	0.00	0.00	3.95	3.77	0.00
Payout Ratios	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	35.10%	36.88%	35.78%	30.38%	27.18%	24.52%	25.52%	25.92%	28.67%	26.96%
Augmented Payout Ratio	35.10%	36.88%	35.78%	37.25%	33.22%	45.91%	49.38%	49.80%	54.49%	34.50%

Frequently Asked Questions About Vulcan Materials' Financials

When does Vulcan Materials's fiscal year end?

According to the most recent income statement we have on file, Vulcan Materials' financial year ends in December. Their financial year 2024 ended on December 31, 2024.

How has Vulcan Materials' net income changed over the last 9 years?

Vulcan Materials' net income appears to be on an upward trend, with a most recent value of $913.10 million in 2024, rising from $221.18 million in 2015. The previous period was $934.90 million in 2023.

What is Vulcan Materials's operating income?

Vulcan Materials's total operating income in 2024 was $1.36 billion, based on the following breakdown:

Total Gross Profit: $2.00 billion
Total Operating Expenses: $635.10 million

How has Vulcan Materials revenue changed over the last 9 years?

Over the last 9 years, Vulcan Materials' total revenue changed from $3.42 billion in 2015 to $7.42 billion in 2024, a change of 116.8%.

How much debt does Vulcan Materials have?

Vulcan Materials' total liabilities were at $8.96 billion at the end of 2024, a 27.3% increase from 2023, and a 132.9% increase since 2015.

How much cash does Vulcan Materials have?

In the past 9 years, Vulcan Materials' cash and equivalents has ranged from $40.04 million in 2018 to $1.20 billion in 2020, and is currently $559.70 million as of their latest financial filing in 2024.

How has Vulcan Materials' book value per share changed over the last 9 years?

Over the last 9 years, Vulcan Materials' book value per share changed from 33.41 in 2015 to 61.48 in 2024, a change of 84.0%.

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This page (NYSE:VMC) was last updated on 4/15/2025 by MarketBeat.com Staff

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Vulcan Materials (VMC) Financials

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Vulcan Materials (VMC) Financials

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