Computed from published fixed rules, not a model's judgement — though one input, the count of high-severity risks, comes from the AI analysis below.
Not investment advice and not a price target: it scores the quarter's fundamentals, not the stock. Full methodology →
AI Takeaway
MLM reported Q1 FY2026 revenue of $1.36B (+17.2% YoY), but gross profit declined 1.6% as cost pressures compressed margins, while net income surged to $1.51B (+1,204% YoY) driven by a large non-operating gain rather than core operating performance.
Revenue
$1.36B
+17.21% YoY
EPS (Diluted)
$25.06
+1218.95% YoY
Gross Margin
22.8%
-4.3 pts YoY
Operating Income
$162M
-9.50% YoY
Source: SEC XBRL
Martin Marietta Materials (MLM) reported Q1 FY2026 revenue of $1.36B, up 17.2% year over year. Operating margin was 11.9%, down 3.5 points from 15.4% a year earlier. Operating cash flow was $227M, up 4.1% year over year. MLM's fiscal Q1 FY2026 corresponds to calendar Q1 2026.
Last 4 quarters: 2 beats
| Quarter | Actual EPS (USD) | Consensus (USD) | Result |
|---|---|---|---|
| Jun 2026 | 5.00 | 4.79 | Beat +4.3% |
| Mar 2026This filing | 1.93 | 1.93 | Miss -0.2% |
| Dec 2025 | 4.62 | 4.69 | Miss -1.5% |
| Sep 2025 | 6.85 | 6.78 | Beat +1.1% |
Adjusted (non-GAAP) EPS of $1.93 versus the $1.93 analyst consensus — a -0.2% miss for Mar 2026. Analyst consensus is quoted on the adjusted (non-GAAP) basis the street uses. GAAP diluted EPS for this quarter was $25.06.
Compiled by AI from this SEC filing
Revenue grew 17.2% YoY to $1.36B in Q1 FY2026, up from $1.16B in the prior-year period, suggesting strong demand for MLM's aggregates and construction materials, though the exact mix of volume vs. pricing is not available from financial data alone.
Source: 10-Q Income Statement
Cost of revenue rose 24.2% YoY to $1.05B, outpacing revenue growth of 17.2%, which caused gross profit to decline 1.6% to $310M and compressed gross margin by approximately 430 basis points to 22.8% from 27.1%.
Source: 10-Q Income Statement
Operating income fell 9.5% YoY to $162M, with operating margin contracting from 15.4% to 11.9%, reflecting the combination of higher cost of revenue and a 6.4% increase in SG&A expenses to $133M.
Source: 10-Q Income Statement
Net income of $1.51B represents a 1,204% YoY increase from $116M, producing a net margin of approximately 111%, which is far above the operating margin of 11.9% and strongly implies a significant one-time non-operating gain (e.g., asset sale or divestiture proceeds) in Q1 FY2026.
Source: 10-Q Income Statement & Cash Flow Statement
Total assets grew 15.6% to $20.5B, stockholders' equity increased 24.4% to $11.3B, and long-term debt declined 2.2% to $5.29B, reflecting an improved leverage profile with a debt-to-equity ratio of 0.81.
Source: 10-Q Balance Sheet
Compiled by AI from this SEC filing · 2 high, 3 medium, 0 low
Cost of revenue grew 24.2% YoY versus revenue growth of 17.2%, compressing gross margin by ~430 basis points to 22.8%. If input cost inflation (fuel, labor, materials) persists, core operating profitability could continue to deteriorate even as revenues grow.
Source: 10-Q Income Statement
Net income of $1.51B vastly exceeds operating income of $162M, implying the reported earnings are dominated by a one-time non-operating item. Investors relying on headline net income may overestimate the company's recurring earnings power, which is more accurately reflected in the declining operating income.
Source: 10-Q Income Statement
Share repurchases declined 55.6% YoY to $200M from $450M, while financing cash outflows remain significant at -$314M. The shift in capital allocation strategy may signal management prioritizing debt management or integration of assets over shareholder returns.
Source: 10-Q Cash Flow Statement
Long-term debt stands at $5.29B against stockholders' equity of $11.3B (debt-to-equity of 0.81). While leverage has modestly improved, the absolute debt level remains substantial and exposes the company to refinancing risk and interest rate sensitivity in a higher-rate environment.
Source: 10-Q Balance Sheet
Operating cash flow grew only 4.1% YoY to $227M despite 17.2% revenue growth, suggesting working capital consumption or other cash drains are absorbing the incremental revenue. This divergence could constrain future investment capacity if sustained.
Source: 10-Q Cash Flow Statement
| Metric | Current | Previous | YoY Change |
|---|---|---|---|
Revenue $B | 1.36 $B | 1.16 $B | +17.21% |
Cost of Revenue $B | 1.05 $B | 0.85 $B | +24.20% |
Gross Profit $M | 310.00 $M | 315.00 $M | -1.59% |
Operating Income $M | 162.00 $M | 179.00 $M | -9.50% |
Net Income $B | 1.51 $B | 0.12 $B | +1204.31% |
EPS (Basic) $ | 25.11 $ | 1.91 $ | +1214.66% |
EPS (Diluted) $ | 25.06 $ | 1.90 $ | +1218.95% |
SG&A Expense $M | 133.00 $M | 125.00 $M | +6.40% |
Answers draw on this SEC filing and the data on this page
In Q2 FY2026, MLM achieved a 21.0% YoY revenue increase to $1.95B driven by strategic acquisitions and organic price gains, though net income dropped 23.5% YoY to $251M due to acquisition-related inventory markups and increased operating costs.
MLM (Martin Marietta Materials) grew FY2025 revenue 8.6% to $6.15B on strong gross profit expansion, but operating and net income fell sharply (~42-43%) year-over-year, likely due to a large prior-year gain that inflated FY2024 comparisons, while operating cash flow surged 22.3% to $1.79B.
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