Martin Marietta Reports 2.7% Revenue Increase to $1.811 Billion in Q2 2025

Martin Marietta Materials, Inc. reported a revenue increase of 2.7% for the second quarter of 2025, reaching $1.811 billion compared to $1.764 billion in the same period last year. The company’s net earnings attributable to shareholders rose to $328 million, or $5.43 per diluted share, up from $294 million, or $4.76 per diluted share, in the prior year. For the first half of 2025, total revenues were $3.164 billion, a 4.9% increase from $3.015 billion in the first half of 2024. The gross profit for the quarter was $544 million, reflecting a gross margin of 30%, compared to $517 million and a margin of 29% in the previous year.

The company experienced notable changes in its operational metrics, with aggregates shipments slightly declining by 0.6% to 52.7 million tons due to adverse weather conditions and a soft residential market. However, the average selling price for aggregates increased by 7.4% to $23.21 per ton, contributing to a 9% rise in aggregates gross profit to $430 million. The company’s Magnesia Specialties segment also saw a revenue increase of 12% to $90 million, with gross profit rising 32% to $36 million, driven by improved pricing and operational efficiencies.

Strategically, Martin Marietta has been active in expanding its footprint through acquisitions. In April 2024, the company acquired 20 active aggregates operations from Blue Water Industries for $2.05 billion, enhancing its presence in the Southeast. Additionally, the company announced the acquisition of Premier Magnesia, LLC in July 2025, which is expected to bolster its Magnesia Specialties business. The company is also in the process of a significant asset exchange with Quikrete Holdings, which is anticipated to close in early 2026.

As of June 30, 2025, Martin Marietta's total assets stood at $18.070 billion, a slight decrease from $18.170 billion at the end of 2024. The company’s total liabilities were $8.704 billion, with long-term debt remaining stable at $5.291 billion. The company’s equity decreased to $9.366 billion from $9.456 billion, primarily due to a reduction in retained earnings. The company’s employee headcount remained stable, supporting its operational capabilities across its extensive network of approximately 390 quarries and distribution yards.

Looking ahead, Martin Marietta anticipates continued challenges from economic conditions and weather-related disruptions, which may impact construction activity and demand for its products. However, the company remains optimistic about its strategic initiatives, including ongoing acquisitions and operational improvements, to drive future growth. The company’s effective income tax rate for the first half of 2025 was 20.5%, down from 25.0% in the previous year, reflecting the impact of prior divestitures and tax strategies.