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
VMC delivered strong Q1 FY2026 results with revenue up 7.4% to $1.76B, net income surging 28.4% to $165.5M, and gross margin expanding 170 bps to 24.1%, driven by improved pricing and cost discipline.
Revenue
$1.76B
+7.42% YoY
EPS (Diluted)
$1.26
+29.90% YoY
Gross Margin
24.1%
+1.7 pts YoY
Operating Income
$265.4M
+17.23% YoY
Source: SEC XBRL
Vulcan Materials (VMC) reported Q1 FY2026 revenue of $1.76B, up 7.4% year over year. Operating margin was 15.1%, up 1.2 points from 13.9% a year earlier. Operating cash flow was $241.1M, down 4.1% year over year. VMC's fiscal Q1 FY2026 corresponds to calendar Q1 2026.
Last 4 quarters: 3 beats
| Quarter | Actual EPS (USD) | Consensus (USD) | Result |
|---|---|---|---|
| Jun 2026 | 2.59 | 2.57 | Beat +0.7% |
| Mar 2026This filing | 1.35 | 1.13 | Beat +19.6% |
| Dec 2025 | 1.70 | 2.14 | Miss -20.4% |
| Sep 2025 | 2.84 | 2.75 | Beat +3.3% |
Adjusted (non-GAAP) EPS of $1.35 versus the $1.13 analyst consensus — a +19.6% beat for Mar 2026. Analyst consensus is quoted on the adjusted (non-GAAP) basis the street uses. GAAP diluted EPS for this quarter was $1.26.
Compiled by AI from this SEC filing
Revenue increased 7.4% year-over-year to $1.76B in Q1 FY2026 from $1.63B in the prior-year period, reflecting continued strength in aggregates pricing and demand from infrastructure and construction end markets.
Source: 10-Q Financial Data, Income Statement
Gross margin improved to 24.1% from 22.3% a year ago (+170 bps), and operating margin expanded to 15.1% from 13.9% (+120 bps), indicating that revenue growth outpaced cost increases and SG&A was trimmed by 1.9% YoY to $135.7M.
Source: 10-Q Financial Data, Income Statement & Key Ratios
Net income grew 28.4% to $165.5M, with diluted EPS rising 29.9% to $1.26 from $0.97, meaningfully outpacing revenue growth and reflecting strong operating leverage and reduced share count from buybacks.
Source: 10-Q Financial Data, Income Statement
Long-term debt declined 11.1% year-over-year to $4.36B, and total liabilities fell 4.2% to $8.20B, improving the debt-to-equity ratio to 0.97x, signaling continued deleveraging progress.
Source: 10-Q Financial Data, Balance Sheet
VMC repurchased $149.5M in shares during Q1 FY2026, a 292.4% increase versus $38.1M in Q1 FY2025, reflecting management's confidence in the business and commitment to returning capital to shareholders.
Source: 10-Q Financial Data, Cash Flow Statement
Compiled by AI from this SEC filing · 1 high, 3 medium, 1 low
Investing cash outflows increased 38.3% year-over-year to -$174.9M, suggesting rising capital intensity. Sustained high capex could constrain free cash flow generation if operating cash flows do not keep pace, particularly given that operating cash flow declined 4.1% to $241.1M.
Source: 10-Q Financial Data, Cash Flow Statement
Cash and equivalents fell 22.7% year-over-year to $140.2M, even as current liabilities rose 25.1% to $997.3M. While the current ratio remains healthy at 2.59x, the shrinking cash buffer warrants monitoring in a higher-rate environment.
Source: 10-Q Financial Data, Balance Sheet
Despite deleveraging progress, VMC carries $4.36B in long-term debt with a debt-to-equity ratio of 0.97x. Elevated interest expense could weigh on net income if rates remain high or if refinancing conditions deteriorate.
Source: 10-Q Financial Data, Balance Sheet
Operating cash flow declined 4.1% to $241.1M even as net income grew 28.4%, a divergence that may reflect working capital build or timing of collections. If this gap persists, it could signal earnings quality concerns.
Source: 10-Q Financial Data, Cash Flow Statement
ROA of approximately 0.99% and ROE of approximately 1.96% remain low on an annualized Q1 basis, reflecting the capital-intensive nature of the aggregates business and the drag from a large asset base of $16.67B.
Source: 10-Q Financial Data, Key Ratios
| Metric | Current | Previous | YoY Change |
|---|---|---|---|
Revenue $B | 1.76 $B | 1.63 $B | +7.42% |
Cost of Revenue $B | 1.33 $B | 1.27 $B | +5.03% |
Gross Profit $M | 422.70 $M | 365.30 $M | +15.71% |
Operating Income $M | 265.40 $M | 226.40 $M | +17.23% |
Net Income $M | 165.50 $M | 128.90 $M | +28.39% |
EPS (Basic) $ | 1.27 $ | 0.97 $ | +30.93% |
EPS (Diluted) $ | 1.26 $ | 0.97 $ | +29.90% |
SG&A Expense $M | 135.70 $M | 138.30 $M | -1.88% |
Answers draw on this SEC filing and the data on this page
In 2026-Q2, Vulcan Materials Company generated $2,155.8M in total revenues (up 3% YoY) and net earnings of $323.4M ($2.48 per diluted share), supported by strong pricing discipline in its core Aggregates segment despite weather disruptions and energy cost headwinds.
VMC delivered strong FY2025 results with revenue growing 7.1% to $7.94B, operating income surging 18.7% to $1.62B, and operating cash flow jumping 28.6% to $1.81B, reflecting meaningful margin expansion and significant debt reduction.
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