Analyst Consensus ?
ConsensusBuy38 ratings
Bullish2360.5%
Neutral1539.5%
Bearish00.0%
Martin Marietta Materials, Inc. · MLM · FY2026 Q1 · Calendar Q2 2026
MLM Q1 2026: Record Revenue, Quikrete Closed, EBITDA Guidance Reaffirmed
Martin Marietta delivered a record first quarter with revenue up 17% to $1.4 billion and aggregate shipments up 12% to 43.9 million tons, beating consensus on both EPS ($1.93 vs $1.78 estimate) and revenue ($1.36B vs $1.31B estimate). The company closed the Quikrete asset exchange generating $450 million in cash and announced a pending acquisition of New Frontier Materials, reinforcing its pure-play aggregates strategy. Management reaffirmed full-year adjusted EBITDA guidance despite approximately $50 million in company-wide diesel cost headwinds, citing mid-year price increases and continued infrastructure demand. The stock showed essentially no abnormal reaction on the day but subsequently drifted approximately 6% lower. With shares at $569.66 versus a consensus analyst target of $683.30, the market appears cautious on near-term cost pressures while the demand backdrop from…
Reported Before market openNYSEBasic Materials
$34.21B market cap
100quality score
Company 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.…
Earnings scorecard
Reported versus consensus
Reported EPS
$1.93
Consensus $2
EPS surprise
+8.4%
Reported versus consensus
Reported revenue
$1.36B
Consensus $1.31B
Revenue surprise
+3.7%
Reported versus consensus
Earnings History
Estimate
Beat
Miss
Match
Analyst 52W Price Targets
$569.66Previous close
$380Low
$603.73Average
$785High
Latest persisted target per named analyst; persisted previous close from FN2's market snapshot as of Jul 30, 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 |
|---|---|---|---|---|
| Raymond James | Outperform | Outperform | Maintain | Jul 15, 2026 |
| Wells Fargo | Equal Weight | Equal Weight | Maintain | Jul 8, 2026 |
| Citigroup | Buy | Buy | Maintain | Jul 8, 2026 |
| Truist Securities | Buy | Buy | Maintain | May 4, 2026 |
| RBC Capital | Sector Perform | Sector Perform | Maintain | May 4, 2026 |
| Morgan Stanley | Overweight | Overweight | Maintain | Apr 6, 2026 |
| B. Riley Securities | Buy | Neutral | Upgrade | Apr 2, 2026 |
| Barclays | Overweight | Overweight | Maintain | Mar 31, 2026 |
| Stephens & Co. | Overweight | Overweight | Maintain | Feb 13, 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 |
| JP Morgan | Neutral | Neutral | Maintain | Nov 11, 2025 |
| UBS | Buy | Buy | Maintain | Nov 7, 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 previous close $569.66. FMP does not supply a rating on these named-analyst rows.
| Firm | Analyst | 52W target | Price when posted | Upside | Date |
|---|---|---|---|---|---|
| Raymond James | Analyst unavailable | $675 | $573.75 | +18.5% | Jul 15, 2026 |
| Wells Fargo | Timna Tanners | $616 | $594.17 | +8.1% | Jul 8, 2026 |
| Berenberg Bank | Analyst unavailable | $556 | $570.96 | -2.4% | Jun 2, 2026 |
| UBS | Analyst unavailable | $739 | $590.38 | +29.7% | May 10, 2026 |
| Truist Financial | Analyst unavailable | $730 | $606.92 | +28.1% | May 4, 2026 |
| RBC Capital | Anthony Codling | $615 | $607.34 | +8.0% | May 4, 2026 |
| Raymond James | Analyst unavailable | $690 | $615.66 | +21.1% | Apr 27, 2026 |
| Wells Fargo | Analyst unavailable | $608 | $630.8 | +6.7% | Apr 15, 2026 |
| Morgan Stanley | Analyst unavailable | $702 | $612.52 | +23.2% | Mar 9, 2026 |
| Jefferies | Philip Ng | $785 | $678.46 | +37.8% | Feb 26, 2026 |
| RBC Capital | Anthony Codling | $630 | $678.46 | +10.6% | Feb 26, 2026 |
| Morgan Stanley | Angel Castillo | $706 | $654 | +23.9% | Feb 17, 2026 |
| RBC Capital | Analyst unavailable | $575 | $679.83 | +0.9% | Feb 13, 2026 |
| Stephens | Analyst unavailable | $735 | $673.25 | +29.0% | Feb 13, 2026 |
| Truist Financial | Keith Hughes | $710 | $662.94 | +24.6% | Feb 12, 2026 |
| D.A. Davidson | Analyst unavailable | $680 | $655.84 | +19.4% | Feb 12, 2026 |
| Wells Fargo | Analyst unavailable | $631 | $650.23 | +10.8% | Jan 29, 2026 |
| Loop Capital Markets | Analyst unavailable | $690 | $649.25 | +21.1% | Jan 28, 2026 |
| Morgan Stanley | Analyst unavailable | $690 | $633.37 | +21.1% | Dec 22, 2025 |
| Jefferies | Philip Ng | $730 | $628.44 | +28.1% | Dec 15, 2025 |
| Morgan Stanley | Analyst unavailable | $660 | $622.55 | +15.9% | Dec 1, 2025 |
| UBS | Steven Fisher | $723 | $606.07 | +26.9% | Nov 7, 2025 |
| D.A. Davidson | Analyst unavailable | $690 | $602.07 | +21.1% | Nov 6, 2025 |
| Barclays | Adam Seiden | $675 | $625.4 | +18.5% | Oct 20, 2025 |
| Wells Fargo | Timna Tanners | $620 | $629.61 | +8.8% | Oct 7, 2025 |
| Stephens | Analyst unavailable | $700 | $602.32 | +22.9% | Aug 4, 2025 |
| UBS | Steven Fisher | $491 | $484.97 | -13.8% | Apr 7, 2025 |
| Loop Capital Markets | Garik Shmois | $680 | $604.85 | +19.4% | Oct 31, 2024 |
| Loop Capital Markets | Garik Shmois | $600 | $537.78 | +5.3% | Oct 1, 2024 |
| Loop Capital Markets | Garik Shmois | $615 | $525.11 | +8.0% | Aug 13, 2024 |
| Citigroup | Anthony Pettinari | $646 | $533.55 | +13.4% | Aug 12, 2024 |
| Stephens | Trey Grooms | $610 | $538.98 | +7.1% | Aug 9, 2024 |
| Bank of America Securities | Timna Tanners | $575 | $538.98 | +0.9% | Aug 9, 2024 |
| Jefferies | Philip Ng | $665 | $577.46 | +16.7% | Jul 17, 2024 |
| D.A. Davidson | Brent Thielman | $675 | $583.1 | +18.5% | May 20, 2024 |
| HSBC | Wesley Brooks | $543 | $536.3 | -4.7% | Feb 22, 2024 |
| Seaport Global | Rohit Seth | $520 | $414.72 | -8.7% | Oct 24, 2023 |
| Morgan Stanley | Analyst unavailable | $399 | $368.73 | -30.0% | Dec 14, 2022 |
| J.P. Morgan | Analyst unavailable | $395 | $352.5 | -30.7% | Dec 8, 2022 |
| Raymond James | Patrick Tyler Brown | $380 | $337.16 | -33.3% | Nov 6, 2022 |
| J.P. Morgan | Analyst unavailable | $410 | $329.27 | -28.0% | Sep 22, 2022 |
| Raymond James | Patrick Tyler | $410 | $367.55 | -28.0% | Aug 18, 2022 |
| Morgan Stanley | Analyst unavailable | $420 | $352.5 | -26.3% | Aug 1, 2022 |
| Morgan Stanley | Analyst unavailable | $394 | $314.72 | -30.8% | Jul 18, 2022 |
| Wolfe Research | Analyst unavailable | $384 | $309.69 | -32.6% | Jul 14, 2022 |
| D.A. Davidson | Brent Thielman | $375 | $299.24 | -34.2% | Jul 1, 2022 |
| Morgan Stanley | Analyst unavailable | $443 | $343.08 | -22.2% | May 6, 2022 |
| Stephens | Analyst unavailable | $455 | $359.89 | -20.1% | May 5, 2022 |
| Berenberg Bank | Daniel Wang | $389 | $378.28 | -31.7% | Sep 2, 2021 |
| J.P. Morgan | Adrian Huerta | $385 | $365.89 | -32.4% | May 26, 2021 |
Track every rating change on MLM the moment it posts. Free to start.
Start freeMarket reaction
prior-close to event-session close
Stock move
+1.0%
Event window
SPY move
+1.0%
Same window
Abnormal move
+0.0%
Stock minus SPY
Volume
2.2×
Versus trailing sessions
Subsequent drift
-6.0%
Up to 20 sessions
MLMSPY benchmark
Follow MLM with an agent that reads every filing, transcript, and price print. Free to start.
Try FN2 freeTranscript intelligence
What changed
Q1 2026 set records across revenue, aggregate shipments, and safety performance. Revenue rose 17% year-over-year to $1.4 billion, with aggregate shipments up 12% to 43.9 million tons. EPS of $1.93 beat the $1.78 consensus by 8.4%, and revenue of $1.362 billion exceeded the $1.313 billion estimate by 3.7%. The Quikrete asset exchange closed during the quarter, generating $450 million in cash and shifting the portfolio away from cyclical cement assets toward pure-play aggregates. A new acquisition of New Frontier Materials (8.5 million tons of aggregates and 1.5 million tons of asphalt) was announced, pending close in H2 2026. Management quantified diesel price headwinds at approximately $36 million for aggregates and $50 million company-wide, deeming them immaterial to the overall outlook. The stock's abnormal move on the report day was effectively flat (+0.02%), though volume ran at 2.2x the baseline, and shares subsequently drifted roughly 6% lower.
Guidance delta
Full-year adjusted EBITDA guidance was reaffirmed despite diesel cost pressures, consistent with the prior quarter's maintained stance. Capex outlook continues to decrease, building on the prior quarter's 29% reduction to $575 million. Management expects mid-year price increases to offset cost headwinds and support margin expansion. The overall guidance sentiment remains 'maintained' with no upward or downward revision.
Key takeaways
- Q1 2026 set new records for revenue, aggregate shipments, and safety performance.
- Revenue rose 17% to $1.4 billion with aggregate shipments up 12% to 43.9 million tons.
- EPS of $1.93 beat consensus by 8.4%; revenue beat by 3.7%.
- Quikrete asset exchange closed, generating $450 million in cash and exiting cyclical cement.
- New Frontier Materials acquisition pending H2 2026 close, adding 8.5M tons of aggregates.
- Full-year adjusted EBITDA guidance reaffirmed despite approximately $50M company-wide diesel headwinds.
Management priorities
- Execute SOAR 2030 strategic plan with a focus on pure-play aggregates acquisitions.
- Complete New Frontier Materials acquisition in the second half of 2026.
- Integrate Quikrete assets and realize targeted $50 million in synergies.
- Pursue additional bolt-on aggregate purchases across attractive geographies.
- Continue share repurchases and maintain a strong balance sheet.
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 · 2026-07-30T08:21:24.451216+00:00
- Financial Modeling Prep analyst price-target consensus and quote snapshot · 2026-07-30T08:21:24.448343+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 . For educational purposes only; not investment advice.