VMC Vulcan Materials CO

Overview and Growth

Vulcan Materials CO generated $7.94B of revenue in fiscal 2025, with net income of $1.08B and an operating cash inflow of $1.81B. The $7.94B revenue base provides substantial context for the company’s earnings, cash generation, and capital requirements. The top line expanded 7.1% from $7.42B in fiscal 2024, increasing the company’s operating scale. On a per-share basis, diluted EPS was $8.11, which connects the reported earnings outcome with the company’s diluted share count. Against diluted EPS of $6.85 in fiscal 2024, the current result was 18.4% higher. The revenue-to-assets relationship was 0.48x, showing the sales generated relative to the resources carried on the balance sheet.

Profitability

After reported cost of revenue, the company retained $2.17B as gross profit before recognizing operating expenses and other items. The gross-profit relationship equaled 27.4% of revenue, quantifying the portion retained before operating expenses were recognized. Operations produced $1.62B of income after the reported operating expense base, before the remaining non-operating and tax effects. Operating margin measured 20.4%, showing the portion of revenue preserved after the full set of operating costs. Net income came to $1.08B, completing the progression from revenue through gross and operating profitability to the final reported result. Measured against reported revenue, net income produced a 13.6% margin after operating costs and the remaining recognized items. Pretax income was $1.39B, isolating the reported earnings outcome before the income-tax provision recognized for the fiscal year. Measured against revenue, pretax income equaled 17.5%, adding a pre-tax profitability layer between revenue and net income. The company recognized $307.50M of income tax for the period, completing the transition from pretax income to net income. The effective relationship between income tax and positive pretax income was 22.1%, without assuming a statutory-rate comparison.

Liquidity and Capital Structure

Total assets were $16.70B, supported by $8.15B of liabilities and $8.55B of shareholder equity. The near-term balance sheet paired $2.57B of current assets with $956.10M of current liabilities at the reporting date. At 2.69x, the current ratio shows that short-term assets were greater than short-term liabilities at period end. Reported cash and equivalents were $183.30M, separating immediately recognizable cash resources from the rest of the current-asset base. Cash and equivalents represented 19.2% of current liabilities, showing the portion of near-term obligations matched by reported cash alone. Total debt was $4.36B, establishing the amount of borrowing carried within the company’s capital structure. Against book equity, debt measured 0.51x, placing the company’s financial leverage in clear balance-sheet terms. Debt represented 26.1% of total assets, placing borrowing in the context of the company’s full resource base. The liabilities-to-assets relationship was 48.8%, placing reported obligations against the full positive asset balance. Measured against total assets, cash and equivalents represented 1.1%, a balance-sheet composition measure rather than a liquidity forecast.

Cash Flow and Earnings Quality

Cash flow from operations was $1.81B, a reported cash inflow that can be compared directly with net income and capital spending. Operating cash flow equaled 1.68x of net income, showing how strongly accounting earnings converted into cash from operations. The cash-flow statement records $677.70M of capital expenditures, the investment amount considered after operating cash generation. Capital spending absorbed 37.4% of operating cash flow, quantifying the share of cash from operations directed to investment. Free cash flow came to $1.14B, leaving a positive amount after capital expenditures. Relative to revenue, free cash flow equaled 14.3%, showing how much sales converted into cash after investment. Measured against total assets, free cash flow represented 6.8%, showing the cash productivity of the company’s assets.

Based on the annual report for the fiscal year ending Dec 31, 2025. Analysis generated Sep 24, 2026.