Analyst Consensus ?
ConsensusBuy38 ratings
Bullish2565.8%
Neutral1334.2%
Bearish00.0%
Martin Marietta Materials, Inc. · MLM · FY2025 Q3 · Calendar Q4 2025
Martin Marietta: Records, Guidance Raise, and Portfolio Shift
The supplied analysis supports a constructive operating thesis: record aggregates and specialties, infrastructure and heavy non-residential demand, pricing initiatives, and portfolio changes could support longer-term growth. Evidence against it includes weather and funding sensitivity, downstream weakness, transaction execution risk, and the need to deliver planned cost improvements.
Reported Before market openNYSEBasic Materials
$28.98B market cap
100quality score
Earnings scorecard
Reported versus consensus
Reported EPS
$5.97
Consensus $6.72
EPS surprise
-11.2%
Reported versus consensus
Reported revenue
$1.85B
Consensus $2.07B
Revenue surprise
-10.7%
Reported versus consensus
Market reaction
prior-close to event-session close
Stock move
+1.0%
Event window
SPY move
-1.2%
Same window
Abnormal move
+2.1%
Stock minus SPY
Volume
2.2×
Versus trailing sessions
Subsequent drift
-1.5%
Up to 20 sessions
MLMSPY benchmark
Ask FN2 about MLM FY2025 Q3
Transcript, numbers and history already loaded
Why did MLM rise 1.0% after missing EPS estimates in FY2025 Q3?What changed in MLM's guidance and outlook in FY2025 Q3?Give me the bull and bear case for MLM after FY2025 Q3 earnings.
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Transcript intelligence
What changed
The current analysis emphasizes record performance in aggregates and specialties, a higher full-year 2025 adjusted EBITDA outlook, the planned QUIKRETE asset exchange, and a shift toward lower 2026 capital expenditure. Compared with the prior analysis, the focus moves from elevated spending and transaction planning toward execution, pricing tools, and cost discipline.
Guidance delta
Management raised full-year 2025 adjusted EBITDA guidance to $2.32 billion.
Key takeaways
- Aggregates and specialties both reached all-time quarterly records in the supplied analysis.
- Infrastructure and heavy non-residential projects, including data centers and LNG, were identified as growth drivers.
- Management is pursuing a QUIKRETE asset exchange and a SOAR 2030 strategy while targeting tighter cost control.
- The analysis points to weather, funding uncertainty, and downstream weakness as key risks.
Management priorities
- Execute the SOAR 2030 strategic initiative.
- Close the QUIKRETE asset exchange and integrate portfolio changes.
- Roll out the Precise IQ pricing tool by mid-2026.
- Target a 250-basis-point price/cost spread and reduce 2026 capital expenditures while preserving growth investments.
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Try FN2 freeEarnings History
Estimate
Beat
Miss
Match
Analyst 52W Price Targets
$484.04Current
$380Low
$605.97Average
$785High
Latest persisted target per named analyst; persisted current price from FN2's market snapshot as of Oct 5, 2026. Not an FN2 forecast.
Firm-level rating actions
FMP grade actions identify the grading firm, not a named analyst.
| Firm | Rating | Prior rating | Action | Date |
|---|---|---|---|---|
| Citigroup | Buy | Buy | Maintain | Oct 2, 2026 |
| Wells Fargo | Overweight | Overweight | Maintain | Sep 21, 2026 |
| JP Morgan | Overweight | Neutral | Upgrade | Sep 2, 2026 |
| RBC Capital | Sector Perform | Sector Perform | Maintain | Aug 28, 2026 |
| Morgan Stanley | Overweight | Overweight | Maintain | Aug 13, 2026 |
| UBS | Buy | Buy | Maintain | Aug 3, 2026 |
| Stephens & Co. | Overweight | Overweight | Maintain | Jul 31, 2026 |
| Raymond James | Outperform | Outperform | Maintain | Jul 15, 2026 |
| Truist Securities | Buy | Buy | Maintain | May 4, 2026 |
| B. Riley Securities | Buy | Neutral | Upgrade | Apr 2, 2026 |
| Barclays | Overweight | Overweight | Maintain | Mar 31, 2026 |
| Jefferies | Buy | Buy | Maintain | Feb 12, 2026 |
| Loop Capital | Hold | Buy | Downgrade | Jan 28, 2026 |
| DA Davidson | Neutral | Buy | Downgrade | Jan 14, 2026 |
| Stifel | Buy | Buy | Maintain | Nov 11, 2025 |
| B of A Securities | Neutral | Neutral | Maintain | Aug 5, 2025 |
| Goldman Sachs | Buy | Buy | Maintain | Apr 16, 2024 |
| Seaport Global | Buy | Buy | Maintain | Mar 12, 2024 |
| Wolfe Research | Peer Perform | Outperform | Downgrade | Mar 8, 2024 |
| HSBC | Hold | Reduce | Upgrade | Feb 22, 2024 |
| Atlantic Equities | Neutral | Overweight | Downgrade | Jan 24, 2023 |
| BMO Capital | Market Perform | Outperform | Downgrade | Nov 10, 2022 |
| Exane BNP Paribas | Outperform | Neutral | Upgrade | Sep 20, 2022 |
| Deutsche Bank | Buy | Hold | Upgrade | Oct 8, 2020 |
| ScotiaBank | Sector Perform | Sector Perform | Maintain | Sep 22, 2020 |
| CFRA | Buy | Buy | Maintain | May 6, 2020 |
| Nomura | Buy | Buy | Maintain | Apr 17, 2020 |
| Stephens& Co. | Equal Weight | Overweight | Downgrade | Feb 23, 2020 |
| SunTrust Robinson Humphrey | Buy | Buy | Maintain | Oct 30, 2019 |
| Stifel Nicolaus | Buy | Buy | Maintain | Oct 30, 2019 |
| Bank of America | Neutral | Underperform | Upgrade | Oct 15, 2019 |
| Longbow Research | Buy | Buy | Maintain | Jul 31, 2019 |
| Berenberg | Hold | Hold | Maintain | Apr 3, 2019 |
| Cleveland Research | Buy | Neutral | Upgrade | Mar 31, 2017 |
| BB&T Capital | Buy | Hold | Upgrade | Jul 17, 2015 |
| Susquehanna | Positive | Neutral | Upgrade | May 13, 2015 |
| Sterne Agee | Buy | Buy | Maintain | Oct 8, 2012 |
| Keybanc | Hold | Buy | Downgrade | Sep 25, 2012 |
Named analyst price targets
Upside is calculated against the persisted current price $484.04. FMP does not supply a rating on these named-analyst rows.
| Firm | Analyst | 52W target | Price when posted | Upside | Date |
|---|---|---|---|---|---|
| Wells Fargo | Analyst unavailable | $585 | $490.64 | +20.9% | Sep 21, 2026 |
| Wells Fargo | Timna Tanners | $609 | $511.98 | +25.8% | Sep 9, 2026 |
| RBC Capital | Analyst unavailable | $620 | $528.32 | +28.1% | Aug 28, 2026 |
| D.A. Davidson | Analyst unavailable | $625 | $533.11 | +29.1% | Aug 24, 2026 |
| Morgan Stanley | Analyst unavailable | $639 | $543.9 | +32.0% | Aug 13, 2026 |
| Wolfe Research | Analyst unavailable | $648 | $543.74 | +33.9% | Aug 4, 2026 |
| RBC Capital | Analyst unavailable | $610 | $537.46 | +26.0% | Aug 3, 2026 |
| UBS | Analyst unavailable | $715 | $525.14 | +47.7% | Aug 3, 2026 |
| Raymond James | Analyst unavailable | $660 | $534.08 | +36.4% | Jul 31, 2026 |
| Stephens | Analyst unavailable | $680 | $540 | +40.5% | Jul 31, 2026 |
| Raymond James | Analyst unavailable | $675 | $573.75 | +39.5% | Jul 15, 2026 |
| Wells Fargo | Timna Tanners | $616 | $594.17 | +27.3% | Jul 8, 2026 |
| Berenberg Bank | Analyst unavailable | $556 | $570.96 | +14.9% | Jun 2, 2026 |
| UBS | Analyst unavailable | $739 | $590.38 | +52.7% | May 10, 2026 |
| Truist Financial | Analyst unavailable | $730 | $606.92 | +50.8% | May 4, 2026 |
| RBC Capital | Anthony Codling | $615 | $607.34 | +27.1% | May 4, 2026 |
| Raymond James | Analyst unavailable | $690 | $615.66 | +42.6% | Apr 27, 2026 |
| Wells Fargo | Analyst unavailable | $608 | $630.8 | +25.6% | Apr 15, 2026 |
| Morgan Stanley | Analyst unavailable | $702 | $612.52 | +45.0% | Mar 9, 2026 |
| Jefferies | Philip Ng | $785 | $678.46 | +62.2% | Feb 26, 2026 |
| RBC Capital | Anthony Codling | $630 | $678.46 | +30.2% | Feb 26, 2026 |
| Morgan Stanley | Angel Castillo | $706 | $654 | +45.9% | Feb 17, 2026 |
| RBC Capital | Analyst unavailable | $575 | $679.83 | +18.8% | Feb 13, 2026 |
| Stephens | Analyst unavailable | $735 | $673.25 | +51.8% | Feb 13, 2026 |
| Truist Financial | Keith Hughes | $710 | $662.94 | +46.7% | Feb 12, 2026 |
| D.A. Davidson | Analyst unavailable | $680 | $655.84 | +40.5% | Feb 12, 2026 |
| Wells Fargo | Analyst unavailable | $631 | $650.23 | +30.4% | Jan 29, 2026 |
| Loop Capital Markets | Analyst unavailable | $690 | $649.25 | +42.6% | Jan 28, 2026 |
| Morgan Stanley | Analyst unavailable | $690 | $633.37 | +42.6% | Dec 22, 2025 |
| Jefferies | Philip Ng | $730 | $628.44 | +50.8% | Dec 15, 2025 |
| Morgan Stanley | Analyst unavailable | $660 | $622.55 | +36.4% | Dec 1, 2025 |
| UBS | Steven Fisher | $723 | $606.07 | +49.4% | Nov 7, 2025 |
| D.A. Davidson | Analyst unavailable | $690 | $602.07 | +42.6% | Nov 6, 2025 |
| Barclays | Adam Seiden | $675 | $625.4 | +39.5% | Oct 20, 2025 |
| Wells Fargo | Timna Tanners | $620 | $629.61 | +28.1% | Oct 7, 2025 |
| Stephens | Analyst unavailable | $700 | $602.32 | +44.6% | Aug 4, 2025 |
| UBS | Steven Fisher | $491 | $484.97 | +1.4% | Apr 7, 2025 |
| Loop Capital Markets | Garik Shmois | $680 | $604.85 | +40.5% | Oct 31, 2024 |
| Loop Capital Markets | Garik Shmois | $600 | $537.78 | +24.0% | Oct 1, 2024 |
| Loop Capital Markets | Garik Shmois | $615 | $525.11 | +27.1% | Aug 13, 2024 |
| Citigroup | Anthony Pettinari | $646 | $533.55 | +33.5% | Aug 12, 2024 |
| Stephens | Trey Grooms | $610 | $538.98 | +26.0% | Aug 9, 2024 |
| Bank of America Securities | Timna Tanners | $575 | $538.98 | +18.8% | Aug 9, 2024 |
| Jefferies | Philip Ng | $665 | $577.46 | +37.4% | Jul 17, 2024 |
| D.A. Davidson | Brent Thielman | $675 | $583.1 | +39.5% | May 20, 2024 |
| HSBC | Wesley Brooks | $543 | $536.3 | +12.2% | Feb 22, 2024 |
| Seaport Global | Rohit Seth | $520 | $414.72 | +7.4% | Oct 24, 2023 |
| Morgan Stanley | Analyst unavailable | $399 | $368.73 | -17.6% | Dec 14, 2022 |
| J.P. Morgan | Analyst unavailable | $395 | $352.5 | -18.4% | Dec 8, 2022 |
| Raymond James | Patrick Tyler Brown | $380 | $337.16 | -21.5% | Nov 6, 2022 |
| J.P. Morgan | Analyst unavailable | $410 | $329.27 | -15.3% | Sep 22, 2022 |
| Raymond James | Patrick Tyler | $410 | $367.55 | -15.3% | Aug 18, 2022 |
| Morgan Stanley | Analyst unavailable | $420 | $352.5 | -13.2% | Aug 1, 2022 |
| Morgan Stanley | Analyst unavailable | $394 | $314.72 | -18.6% | Jul 18, 2022 |
| Wolfe Research | Analyst unavailable | $384 | $309.69 | -20.7% | Jul 14, 2022 |
| D.A. Davidson | Brent Thielman | $375 | $299.24 | -22.5% | Jul 1, 2022 |
| Morgan Stanley | Analyst unavailable | $443 | $343.08 | -8.5% | May 6, 2022 |
| Stephens | Analyst unavailable | $455 | $359.89 | -6.0% | May 5, 2022 |
| Berenberg Bank | Daniel Wang | $389 | $378.28 | -19.6% | Sep 2, 2021 |
| J.P. Morgan | Adrian Huerta | $385 | $365.89 | -20.5% | May 26, 2021 |
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Start freeCompany context
Snapshot as of publicationMartin Marietta Materials, Inc. functions as a company specializing in natural resource-derived building materials. This enterprise delivers a wide range of aggregates and other heavy construction components to the building industry, serving both domestic and international markets. Its product portfolio includes foundational raw materials like crushed stone, sand, and gravel, in addition to manufactured items such as ready-mix concrete, asphalt, and comprehensive paving solutions.…
Historical context
All MLM earningsBasic Materials peers this season
Latest reports in the same sector| Company | Quarter | EPS surprise | Market move | Headline |
|---|---|---|---|---|
| HMY Harmony Gold Mining Company Limited | FY2026 Q4 · Calendar Q3 2026 | 0.0% | -6.2% | Harmony Gold posts record FY2026 while Eva Copper risks remain |
Latest beats and misses
Who reports nextBeat on EPS
- ACNFY2026 Q4 · October 1, 2026+3.5% EPS+15.8% move
- MKCFY2026 Q3 · October 1, 2026+13.9% EPS-4.9% move
- NKEFY2027 Q1 · October 1, 2026+10.0% EPS-0.7% move
- CAGFY2027 Q1 · September 30, 2026+44.4% EPS-4.9% move
- FDSFY2026 Q4 · September 30, 2026+3.9% EPS+3.8% move
- JBLFY2026 Q4 · September 30, 2026+8.1% EPS-10.0% move
Get the MLM recap when the next report posts
One email per quarter with the scorecard, the market reaction and what changed on the call. No account needed.
Sources
- Earnings call transcript and parsed analysis · 2026-05-11T10:29:34.698584+00:00
- FN2 earnings calendar · 2026-07-26T00:37:12.209961+00:00
- Polygon adjusted daily market bars · 2026-10-05T16:40:42.695148+00:00
- Financial Modeling Prep analyst price-target consensus and quote snapshot · 2026-10-05T16:40:42.692390+00:00
Methodology
Reported and consensus figures come from FN2's earnings event records. Market reaction and volume are calculated from daily adjusted bars around the event; abnormal move subtracts the SPY move over the same window.
Analyst target low, average, and high values are derived at request time from each named analyst's latest persisted FMP target. The current-price marker comes from FN2's persisted market snapshot. They are sell-side estimates, not an FN2 valuation or recommendation.
Transcript intelligence is a structured synthesis of the current and prior earnings-call analyses. Missing values stay missing and are never estimated.
By FN2 Research · Updated · As of 2026-10-05. For educational purposes only; not investment advice.