Company Deep Dive
Business segments breakdown, earnings transcript analysis, management credibility scoring, competitive landscape, and scenario modelling.
VMC
HOLDAPPROVEVulcan Materials Company · Basic Materials · United States · $35.9B · Avg Vol: $366M/d
Vulcan Materials is the ultimate 'picks and shovels' play for the North American nearshoring boom. As global supply chains regionalize, the construction of domestic gigafactories, data centers, and upgraded transport infrastructure requires massive volumes of heavy aggregates. Because aggregates have an extremely low value-to-weight ratio, they cannot be economically shipped long distances, granting Vulcan localized natural monopolies with immense pricing power. This structural moat allows them to consistently pass on inflation and compound capital at high rates, perfectly aligning with the Buffett and Terry Smith lenses.
COMPANY DESCRIPTION
Vulcan Materials Company is the largest producer of construction aggregates—primarily crushed stone, sand, and gravel—in the United States, also manufacturing asphalt mix and ready-mixed concrete. The company benefits from its extensive network of strategically located quarries and distribution facilities, which create significant logistical advantages and high barriers to entry for competitors. It serves as a vital supplier for infrastructure projects, residential, and commercial construction across the nation.
FINANCIAL SUMMARY (USD)
| Year | 2022 | 2023 | 2024 | 2025 | CAGR |
|---|---|---|---|---|---|
| Revenue | 7.3B | 7.8B | 7.4B | 7.9B | 2.8% |
| EPS | 4.33 | 7.02 | 6.89 | 8.16 | 23.5% |
| Shares | 133M | 132M | 132M | 131M | -1.7% |
| Debt | 4.5B | 4.4B | 5.8B | 4.9B | 2.6% |
| Equity | 6.9B | 7.5B | 8.1B | 8.5B | 7.2% |
| Op CF | 1.1B | 1.5B | 1.4B | 1.8B | 16.4% |
| Inv CF | -1.1B | -164M | -2.8B | -529M | — |
| Fin CF | -175M | -586M | 1.1B | -1.7B | — |
SCORE BREAKDOWN
FUNDAMENTALS
SECTOR PEERS
Closest peers in Basic Materials, ranked by industry match, size, and score similarity. Cross-listings of VMC are excluded.
| Ticker | Company | Mkt Cap | StockRank | Signal |
|---|---|---|---|---|
| VMC | Vulcan Materials Company(you) | $35.9B | 47 | HOLD |
| MLM | Martin Marietta Materials, Inc. | $34.5B | 51 | HOLD |
| EXP | Eagle Materials Inc. | $6.8B | 63 | HOLD |
| KNF | Knife River Corporation | $4.5B | 55 | HOLD |
| TGLS | Tecnoglass Inc. | $2.0B | 43 | HOLD |
| USLM | United States Lime & Minerals, Inc. | $3.2B | 65 | HOLD |
| DOW | Dow Inc. | $25.1B | 51 | HOLD |
| SMID | Smith-Midland Corporation | $172M | 53 | HOLD |
| APD | Air Products and Chemicals, Inc. | $64.5B | 47 | HOLD |
| ECL | Ecolab Inc. | $73.2B | 46 | HOLD |
Peer medians: ROE 6.5% · P/E 22.2x · Gross margin 24.1%