VMC Vulcan Materials Company (Holding Company) Common Stock

NYSE · Construction · View on SEC EDGAR ↗
$275.37
Price · Aug 19, 2026
Fundamentals as of Jul 29, 2026

About Vulcan Materials Company (Holding Company) Common Stock Company overview from Wikipedia

Vulcan Materials Company is an American company based in Birmingham, Alabama. It is principally engaged in the production, distribution and sale of construction materials. Vulcan is the largest producer of construction materials, primarily gravel, crushed stone, and sand, and employs approximately 12,000 people at over 400 facilities. Vulcan serves 22 states, the District of Columbia, Mexico, Canada, Bahamas and the U.S. Virgin Islands. Vulcan's Crescent Market project led to construction of a large quarry and deep water seaport on the Yucatán Peninsula of Mexico, just south of Cancún. This quarry supplies Tampa, New Orleans, Houston, and Brownsville, Texas, as well as other Gulf coast seaports, with crushed limestone via large 62,000-ton self-discharging ships.

Read more

Vulcan Materials Company (NYSE: VMC) is an American company based in Birmingham, Alabama. It is principally engaged in the production, distribution and sale of construction materials. Vulcan is the largest producer of construction materials, primarily gravel, crushed stone, and sand, and employs approximately 12,000 people at over 400 facilities. Vulcan serves 22 states, the District of Columbia, Mexico, Canada, Bahamas and the U.S. Virgin Islands. Vulcan's Crescent Market project led to construction of a large quarry and deep water seaport on the Yucatán Peninsula of Mexico, just south of Cancún. This quarry supplies Tampa, New Orleans, Houston, and Brownsville, Texas, as well as other Gulf coast seaports, with crushed limestone via large 62,000-ton self-discharging ships.

## History

Vulcan Materials Company was founded in 1909 as the Birmingham Slag Company by Solon Jacobs and Henry Badham in Birmingham, Alabama. They recognized the potential to repurpose blast furnace slag from the local steel industry into materials for road construction and railroad ballast. The company was later acquired by the Ireland family in 1916, who expanded it.

In the late 1980s Vulcan acquired Reed Crushed Stone, near Kentucky.

On November 16, 1998, Vulcan announced it was purchasing CalMat Company, a producer of asphalt and ready-mixed concrete based in Los Angeles, for $760 million in cash.

On June 7, 2005, Vulcan completed the sale of its chemicals business, known as Vulcan Chemicals, to Occidental Chemical Corporation. The sale of assets included Vulcan's chloralkali plants in Wichita, Kansas; Geismar, Louisiana; and Port Edwards, Wisconsin, as well as Vulcan Chemicals' joint venture located in Geismar, Louisiana. In 2005, Vulcan acquired 11 aggregates operations and five asphalt plants in Arizona, Georgia, Indiana and Tennessee.

On February 19, 2007, Vulcan announced that it would buy stone and cement producer Florida Rock Industries for $4.7 billion. Vulcan completed the acquisition of Florida Rock on November 16, 2007.

In March 2007, Vulcan announced that it had been named to Fortune Magazine's list of Most Admired Companies for the sixth time. The company was ranked first in its industry sector, "Building Materials, Glass." Overall, Vulcan ranked among the top 10 companies in the Fortune 1000 for both long-term investment and social responsibility.

In January 2014, Vulcan Materials announced they would be selling their Florida Rock Industry (cement and ready-mixed concrete) plants and equipment to Cementos Argos, of Colombia. In March 2014, Vulcan was able to fully divest these properties to Cementos Argos.

In January 2018, Vulcan Materials was found to be partially responsible for the Bayou Corne sinkhole, along with Occidental Petroleum and Texas Brine Company.

In June 2021, Vulcan Materials announced they would be acquiring US Concrete (USCR) for $74 per share, a 30% premium on the date of the announcement. U.S. Concrete was formed in 1999, with its headquarters in Euless, TX. The deal is valued at $1.3 billion. The acquisition will allow for integrated expansion of Vulcan and make the subsidiary debt-free with adequate working capital. The deal has been approved by both boards and will close in the second half of 2021.

In early 2023, after being accused by president Andrés Manuel López Obrador of exporting materials from Mexico without a permit, the Mexican military seized a marine terminal belonging to Vulcan, leading to a diplomatic spat between the U.S. and Mexico.

In July 2026, Mexico announced that it would compensate Vulcan with less than 1% of the US$1.7 billion sought in international arbitration over the closure of its Mexican mining operations. Vulcan had initiated arbitration under the North American Free Trade Agreement in 2018 through its subsidiary, Calizas Industriales del Carmen.

Source: Wikipedia, CC BY-SA 4.0 · View on Wikipedia ↗

Wikidata ↗

VMC Stock Snapshot Price, market cap, P/E, EPS, ROE, debt/equity, 52-week range

Price
$275.37
Market Cap
$35.96B
P/E (TTM)
34.0
EPS (TTM)
$8.11
Revenue (TTM)
$7.94B
Div Yield
0.73%
ROE
12.9%
Debt/Equity
0.5
52W Range
$252 – $331

VMC Stock Price Chart Daily OHLCV with technical indicators — pan, zoom, and customize your view

10-Year Performance Revenue, net income, margins and EPS trends

Revenue & Net Income $7.94B
3-point trend, +2.0%
2023-12-31 2025-12-31
EPS $8.11
3-point trend, +16.2%
2023-12-31 2025-12-31
Free Cash Flow $1.14B
3-point trend, +70.9%
2023-12-31 2025-12-31
Margins 13.6%
3-point trend, +9.3%
2023-12-31 2025-12-31

Valuation P/E, P/S, P/B, EV/EBITDA ratios — is the stock expensive or cheap?

Metric
5Y trend
VMC
Peer Median
P/E (TTM)
3-point trend, +8.1%
34.0
24.2
P/S (TTM)
3-point trend, +21.7%
4.5
2.5
P/B
3-point trend, +9.0%
4.2
5.0
EV / EBITDA
3-point trend, +8.6%
17.0
Price / FCF
3-point trend, -27.3%
31.7

Profitability Gross, operating and net margins; ROE, ROA, ROIC

Metric
5Y trend
VMC
Peer Median
Gross Margin
3-point trend, +9.3%
27.4%
27.9%
Operating Margin
3-point trend, +11.2%
20.4%
Net Profit Margin
3-point trend, +13.1%
13.6%
13.5%
ROA
3-point trend, -0.5%
6.4%
9.5%
ROE
3-point trend, +3.4%
12.9%
17.2%
ROIC
3-point trend, +2.6%
9.8%

Financial Health Debt, liquidity, solvency — balance sheet strength

Metric
5Y trend
VMC
Peer Median
Debt / Equity
3-point trend, -1.3%
0.5
8.8
Current Ratio
3-point trend, -15.2%
2.7
2.7
Quick Ratio
3-point trend, -83.6%
0.2

Growth Revenue, EPS and net income growth: YoY, 3Y CAGR, 5Y CAGR

Metric
5Y trend
VMC
Peer Median
Revenue YoY
3-point trend, +2.0%
7.1%
Revenue CAGR 3Y
3-point trend, +2.0%
2.8%
Revenue CAGR 5Y
3-point trend, +2.0%
10.3%
EPS YoY
3-point trend, +16.2%
18.4%
Net Income YoY
3-point trend, +15.4%
18.1%

Per Share Metrics EPS, book value per share, cash flow per share, dividend per share

Metric
5Y trend
VMC
Peer Median
EPS (Diluted)
3-point trend, +16.2%
$8.11

Capital Efficiency Asset turnover, inventory turnover, receivables turnover

Metric
5Y trend
VMC
Peer Median
Payout Ratio
3-point trend, -1.4%
24.1%

Dividends Yield, payout ratio, dividend history, 5Y CAGR

Dividend Yield
0.73%
Payout Ratio
24.1%
5Y Div CAGR
Ex-dateAmount
Aug. 13, 2026$0.5200
May 22, 2026$0.5200
March 9, 2026$0.5200
Nov. 10, 2025$0.4900
Aug. 14, 2025$0.4900
May 23, 2025$0.4900
March 10, 2025$0.4900
Nov. 4, 2024$0.4600
Aug. 15, 2024$0.4600
May 23, 2024$0.4600
March 1, 2024$0.4600
Nov. 10, 2023$0.4300
Aug. 16, 2023$0.4300
May 25, 2023$0.4300
March 3, 2023$0.4300
Nov. 14, 2022$0.4000
Aug. 16, 2022$0.4000
May 26, 2022$0.4000
Feb. 28, 2022$0.4000
Nov. 15, 2021$0.3700

VMC Analyst Consensus Bullish and bearish analyst opinions, 12-month price target, upside

BUY 29 analysts
  • Strong Buy 9 31.0%
  • Buy 9 31.0%
  • Hold 10 34.5%
  • Sell 1 3.4%
  • Strong Sell 0 0.0%

12-Month Price Target

22 analysts · 2026-08-15
Median target $337.50 +22.6%
Mean target $325.55 +18.2%

Earnings History EPS actual vs estimate, surprise %, beat rate, next earnings date

Avg Surprise
-0.00%
Period EPS Actual EPS Est Surprise
June 30, 2026 $2.59 $2.57 0.02%
March 31, 2026 $1.35 $1.13 0.22%
Dec. 31, 2025 $1.70 $2.14 -0.44%
Sept. 30, 2025 $2.84 $2.75 0.09%
June 30, 2025 $2.45 $2.56 -0.11%
March 31, 2025 $1.00 $0.79 0.21%

Peer comparison (GICS sub-industry) Key metrics vs sector peers

Ticker Market Cap P/E Rev YoY Net Margin ROE Gross Margin
VMC $37.25B 35.2 7.1% 13.6% 12.9% 27.4%
MLM $37.55B 33.2 8.6% 18.5% 11.7% 30.7%
AMRZ $29.91B 25.3 0.95% 10.0% 10.2% 25.7%
EXP $5.92B 14.4 2.1% 18.4% 28.1% 28.3%
KNF $3.99B 25.5 8.5% 5.0% 10.1% 18.4%
USLM 25.6 17.3% 36.0% 22.5% 48.9%
KNF $3.99B 25.5 8.5% 5.0% 10.1% 18.4%
RMIX
SMID $193M 15.4 19.0% 13.4% 24.1% 27.9%

Full Fundamentals All metrics by year — income statement, balance sheet, cash flow

Income Statement 15
Annual Income Statement data for VMC
Metric Trend 20252024202320222021202020192018
Revenue 8-point trend, +81.2% $7.94B $7.42B $7.78B $7.32B $5.55B $4.86B $4.93B $4.38B
Cost of Revenue 8-point trend, +75.7% $5.77B $5.42B $5.83B $5.76B $4.18B $3.58B $3.67B $3.28B
Gross Profit 8-point trend, +97.5% $2.17B $2.00B $1.95B $1.56B $1.37B $1.28B $1.26B $1.10B
SG&A Expense 8-point trend, +69.2% $564M $531M $543M $515M $418M $360M $370M $333M
Operating Income 8-point trend, +116.6% $1.62B $1.36B $1.43B $951M $1.01B $896M $878M $748M
Interest Expense 6-point trend, +42.1% · · $196M $169M $149M $136M $130M $138M
Other Non-op 8-point trend, -124.6% $-3M $-22M $-3M $5M $11M $-18M $9M $13M
Pretax Income 8-point trend, +123.0% $1.39B $1.17B $1.25B $788M $874M $744M $758M $623M
Income Tax 8-point trend, +191.6% $308M $251M $299M $193M $200M $156M $135M $105M
Net Income 8-point trend, +108.7% $1.08B $912M $933M $576M $671M $584M $618M $516M
EPS (Basic) 8-point trend, +109.2% $8.16 $6.89 $7.02 $4.33 $5.05 $4.41 $4.67 $3.90
EPS (Diluted) 8-point trend, +110.6% $8.11 $6.85 $6.98 $4.31 $5.02 $4.39 $4.63 $3.85
Shares (Basic) 8-point trend, -0.3% 132,000,000 132,300,000 133,000,000 133,000,000 132,800,000 132,600,000 132,300,000 132,393,000
Shares (Diluted) 8-point trend, -0.9% 132,700,000 133,100,000 133,700,000 133,600,000 133,500,000 133,200,000 133,400,000 133,926,000
EBITDA 8-point trend, +116.5% $2.37B $2.00B $2.04B $1.54B $1.47B $1.29B $1.25B $1.09B
Balance Sheet 26
Annual Balance Sheet data for VMC
Metric Trend 20252024202320222021202020192018
Cash & Equivalents 8-point trend, +357.8% $183M $560M $931M $161M $235M $1.20B $272M $40M
Receivables 5-point trend, +65.1% · · · $846M $783M $513M $532M $512M
Inventory 8-point trend, +58.5% $680M $682M $616M $579M $521M $449M $458M $429M
Other Current Assets 8-point trend, +57.5% $102M $91M $70M $116M $95M $74M $76M $65M
Current Assets 8-point trend, +138.0% $2.57B $2.27B $2.52B $1.90B $1.70B $2.28B $1.38B $1.08B
PP&E (Net) 8-point trend, +92.3% $8.15B $8.46B $6.22B $6.05B $5.55B $4.43B $4.32B $4.24B
PP&E (Gross) 7-point trend, +71.6% · $14.52B $11.84B $11.31B $10.44B $9.10B $8.75B $8.46B
Accum. Depreciation 7-point trend, +43.5% · $6.06B $5.62B $5.26B $4.90B $4.68B $4.43B $4.22B
Goodwill 8-point trend, +19.4% $3.78B $3.79B $3.53B $3.69B $3.70B $3.17B $3.17B $3.17B
Intangibles 8-point trend, +35.9% $1.49B $1.88B $1.46B $1.70B $1.75B $1.12B $1.09B $1.10B
Other Non-current Assets 8-point trend, -24.5% $159M $149M $268M $285M $268M $231M $226M $210M
Total Assets 8-point trend, +69.9% $16.70B $17.10B $14.55B $14.23B $13.68B $11.69B $10.65B $9.83B
Short-term Debt 8-point trend, -100.0% $0 $0 $0 $100M $0 $0 $0 $133M
Current Liabilities 8-point trend, +58.7% $956M $1.24B $798M $957M $769M $1.05B $536M $603M
Capital Leases 8-point trend, +522600000.00 $523M $521M $507M $548M $642M $400M $388M $0
Deferred Tax 8-point trend, +139.4% $1.36B $1.34B $1.03B $1.07B $1.01B $706M $633M $567M
Other Non-current Liabilities 8-point trend, +752.5% $822M $318M $274M $276M $234M $140M $95M $96M
Total Liabilities 8-point trend, +76.1% $8.15B $8.96B $7.04B $7.28B $7.11B $5.66B $5.03B $4.63B
Long-term Debt 8-point trend, +56.9% $4.36B $5.31B $3.88B $3.88B $3.88B $3.29B $2.78B $2.78B
Total Debt 8-point trend, +49.8% $4.36B $5.31B $3.88B $3.98B $3.88B $3.29B $2.78B $2.91B
Common Stock 6-point trend, +0.3% · · $132M $133M $133M $132M $132M $132M
Retained Earnings 8-point trend, +128.6% $5.59B $5.21B $4.62B $4.11B $3.75B $3.27B $2.90B $2.44B
AOCI 8-point trend, +27.1% $-126M $-127M $-144M $-155M $-153M $-181M $-198M $-172M
Stockholders' Equity 8-point trend, +63.9% $8.53B $8.12B $7.48B $6.93B $6.54B $6.03B $5.62B $5.20B
Liabilities + Equity 8-point trend, +69.9% $16.70B $17.10B $14.55B $14.23B $13.68B $11.69B $10.65B $9.83B
Shares Outstanding 8-point trend, -0.9% 130,600,000 132,100,000 132,100,000 132,900,000 132,700,000 132,500,000 132,371,000 131,762,000
Cash Flow 18
Annual Cash Flow data for VMC
Metric Trend 20252024202320222021202020192018
D&A 8-point trend, +116.2% $748M $632M $617M $588M $463M $397M $375M $346M
Stock-based Comp 8-point trend, +150.2% $63M $53M $63M $41M $35M $33M $32M $25M
Deferred Tax 8-point trend, -60.1% $26M $-10M $-44M $60M $67M $62M $76M $65M
Amort. of Intangibles 8-point trend, +154.8% $89M $84M $88M $98M $68M $47M $40M $35M
Other Non-cash 8-point trend, +15.3% $-101M $-178M $-32M $-116M $-223M $-6M $-116M $-119M
Operating Cash Flow 8-point trend, +117.7% $1.81B $1.41B $1.54B $1.15B $1.01B $1.07B $984M $833M
CapEx 8-point trend, +44.5% $678M $604M $873M $613M $451M $362M $384M $469M
Investing Cash Flow 8-point trend, +21.0% $-529M $-2.81B $-164M $-1.05B $-1.87B $-382M $-416M $-670M
Debt Issued 8-point trend, -100.0% $0 $2.00B $550M $550M $1.60B $750M $0 $850M
Net Debt Issued 8-point trend, -852.3% $-400M $1.45B $-500.0K $-8M $148M $500M $-23.0K $-42M
Stock Repurchased 8-point trend, +227.2% $438M $69M $200M $0 $0 $26M $3M $134M
Net Stock Activity 8-point trend, -227.2% $-438M $-69M $-200M $0 $0 $-26M $-3M $-134M
Dividends Paid 8-point trend, +75.4% $260M $244M $228M $213M $196M $180M $164M $148M
Financing Cash Flow 8-point trend, -539.4% $-1.70B $1.06B $-586M $-175M $-94M $235M $-338M $-265M
Net Change in Cash 8-point trend, -302.4% $-411M $-348M $788M $-80M $-956M $924M $230M $-102M
Taxes Paid 8-point trend, +540.7% $291M $280M $292M $144M $128M $96M $57M $-66M
Free Cash Flow 8-point trend, +212.2% $1.14B $806M $664M $536M $561M $708M $600M $364M
Levered FCF 6-point trend, +106.9% · · $515M $408M $445M $601M $493M $249M
Profitability 8
Annual Profitability data for VMC
Metric Trend 20252024202320222021202020192018
Gross Margin 8-point trend, +9.0% 27.4% 27.0% 25.0% 21.3% 24.7% 26.4% 25.5% 25.1%
Operating Margin 8-point trend, +19.6% 20.4% 18.4% 18.3% 13.0% 18.2% 18.4% 17.8% 17.1%
Net Margin 8-point trend, +15.2% 13.6% 12.3% 12.0% 7.9% 12.1% 12.0% 12.5% 11.8%
Pretax Margin 8-point trend, +23.1% 17.5% 15.8% 16.0% 10.8% 15.7% 15.3% 15.4% 14.2%
EBITDA Margin 8-point trend, +19.5% 29.8% 26.9% 26.3% 21.0% 26.5% 26.6% 25.4% 25.0%
ROA 8-point trend, +21.8% 6.4% 5.8% 6.4% 4.0% 4.9% 5.0% 5.8% 5.2%
ROE 8-point trend, +29.8% 12.9% 11.4% 12.5% 8.3% 10.3% 9.8% 11.1% 10.0%
ROIC 8-point trend, +28.0% 9.8% 8.0% 9.5% 6.6% 7.5% 7.6% 8.6% 7.6%
Liquidity & Solvency 5
Annual Liquidity & Solvency data for VMC
Metric Trend 20252024202320222021202020192018
Current Ratio 8-point trend, +50.0% 2.7 1.8 3.2 2.0 2.2 2.2 2.6 1.8
Quick Ratio 8-point trend, -79.1% 0.2 0.5 1.2 1.1 1.3 1.6 1.5 0.9
Debt / Equity 8-point trend, -8.6% 0.5 0.7 0.5 0.6 0.6 0.5 0.5 0.6
LT Debt / Equity 8-point trend, -4.2% 0.5 0.6 0.5 0.6 0.6 0.5 0.5 0.5
Interest Coverage 6-point trend, +34.3% · · 7.3 5.6 6.8 6.6 6.7 5.4
Efficiency 3
Annual Efficiency data for VMC
Metric Trend 20252024202320222021202020192018
Asset Turnover 8-point trend, +5.6% 0.5 0.5 0.5 0.5 0.4 0.4 0.5 0.4
Inventory Turnover 8-point trend, +8.1% 8.5 8.2 9.8 10.3 8.1 7.9 8.3 7.8
Receivables Turnover 5-point trend, -3.0% · · · 9.0 8.6 9.3 9.4 9.3
Per Share 7
Annual Per Share data for VMC
Metric Trend 20252024202320222021202020192018
Book Value / Share 8-point trend, +65.3% $65.28 $61.46 $56.65 $52.13 $49.32 $45.48 $42.47 $39.49
Revenue / Share 8-point trend, +82.9% $59.84 $55.73 $58.20 $54.75 $41.59 $36.45 $36.95 $32.73
Cash Flow / Share 8-point trend, +119.7% $13.66 $10.59 $11.49 $8.59 $7.58 $8.03 $7.38 $6.22
Cash / Share 8-point trend, +361.8% $1.40 $4.24 $7.05 $1.21 $1.77 $9.03 $2.05 $0.30
Dividend / Share 4-point trend, +22.5% $2 $2 $2 $2 · · · ·
Dividend Paid / Share 6-point trend, +53.6% · · $2 $2 $1 $1 $1 $1
EPS (TTM) 8-point trend, +110.6% $8.11 $6.85 $6.98 $4.31 $5.02 $4.39 $4.63 $3.85
Growth Rates 10
Annual Growth Rates data for VMC
Metric Trend 20252024202320222021202020192018
Revenue YoY 5-point trend, -50.7% 7.1% -4.7% 6.4% 31.8% 14.3% · · ·
Revenue CAGR 3Y 3-point trend, -83.7% 2.8% 10.1% 17.0% · · · · ·
Revenue CAGR 5Y 10.3% · · · · · · ·
EPS YoY 5-point trend, +28.2% 18.4% -1.9% 62.0% -14.1% 14.3% · · ·
EPS CAGR 3Y 3-point trend, +40.3% 23.5% 10.9% 16.7% · · · · ·
EPS CAGR 5Y 13.1% · · · · · · ·
Net Income YoY 5-point trend, +22.4% 18.1% -2.3% 62.1% -14.2% 14.8% · · ·
Net Income CAGR 3Y 3-point trend, +37.5% 23.2% 10.8% 16.9% · · · · ·
Net Income CAGR 5Y 13.0% · · · · · · ·
Dividend CAGR 5Y 7.6% · · · · · · ·
Valuation (TTM) 17
Annual Valuation (TTM) data for VMC
Metric Trend 20252024202320222021202020192018
Revenue TTM 8-point trend, +81.2% $7.94B $7.42B $7.78B $7.32B $5.55B $4.86B $4.93B $4.38B
Net Income TTM 8-point trend, +108.7% $1.08B $912M $933M $576M $671M $584M $618M $516M
Market Cap 8-point trend, +186.1% $37.25B $33.98B $29.99B $23.27B $27.55B $19.65B $19.06B $13.02B
Enterprise Value 8-point trend, +160.7% $41.43B $38.73B $32.93B $27.09B $31.19B $21.74B $21.57B $15.89B
P/E 8-point trend, +37.0% 35.2 37.6 32.5 40.6 41.4 33.8 31.1 25.7
P/S 8-point trend, +57.9% 4.7 4.6 3.9 3.2 5.0 4.0 3.9 3.0
P/B 8-point trend, +74.6% 4.4 4.2 4.0 3.4 4.2 3.3 3.4 2.5
P / Tangible Book 6-point trend, +0.8% 11.4 13.9 12.0 15.1 25.1 11.3 · ·
P / Cash Flow 8-point trend, +31.4% 20.5 24.1 19.5 20.3 27.2 18.4 19.4 15.6
P / FCF 8-point trend, -8.3% 32.8 42.2 45.1 43.5 49.1 27.8 31.8 35.8
EV / EBITDA 8-point trend, +20.4% 17.5 19.4 16.1 17.6 21.2 16.8 17.2 14.5
EV / FCF 8-point trend, -16.5% 36.5 48.0 49.6 50.6 55.6 30.7 36.0 43.7
EV / Revenue 8-point trend, +43.9% 5.2 5.2 4.2 3.7 5.6 4.5 4.4 3.6
Dividend Yield 8-point trend, -38.6% 0.70% 0.72% 0.76% 0.91% 0.71% 0.92% 0.86% 1.1%
Earnings Yield 8-point trend, -27.2% 2.8% 2.7% 3.1% 2.5% 2.4% 3.0% 3.2% 3.9%
Payout Ratio 8-point trend, -16.0% 24.1% 26.8% 24.5% 36.9% 29.3% 30.8% 26.6% 28.7%
Annual Payout 8-point trend, +75.4% $260M $244M $228M $213M $196M $180M $164M $148M

Financial Statements Income statement, balance sheet, cash flow — annual, last 5 years

Income Statement
2025-12-312025-06-302025-03-312024-12-312024-09-30
Revenue $7.94B$7.42B
Gross Margin % 27.4%27.0%
Operating Margin % 20.4%18.4%
Net Income $1.08B$912M
Diluted EPS $8.11$6.85
Balance Sheet
2025-12-312025-06-302025-03-312024-12-312024-09-30
Debt / Equity 0.50.7
Current Ratio 2.71.8
Quick Ratio 0.20.5
Cash Flow
2025-12-312025-06-302025-03-312024-12-312024-09-30
Free Cash Flow $1.14B$806M

Latest News Recent headlines mentioning this company

Trading Signals Recent buy/sell signals with entry price and risk/reward ratio

My Metrics Your personal watchlist — selected rows from Full Fundamentals

📊

Pick the metrics that matter to you — click the ➕ next to any row in Full Fundamentals above.

Your selection is saved and follows you across all tickers.

Institutional owners (13F) 1,160 filers · $23.7B total · As of June 30, 2026

Institutions that report holding this stock in their quarterly SEC Form 13F. Long positions only; a single filer may appear twice for separate option legs. Large offsetting put/call legs typically reflect market-making or hedged inventory, not directional conviction.

Institutional activity — Q2 2026 vs prior quarter
New positions Exited positions Increased Decreased Net shares change
137 (+11 vs prior Q) 86 (-26 vs prior Q) 374 (+6 vs prior Q) 367 (+9 vs prior Q) +24.2M

Compared to Q1 2026. SEC Form 13F filings are due within 45 days of quarter-end plus a short buffer for late filers — quarters still inside that window are skipped in favor of the most recent fully-reported pair.

Institution Value Shares % of tracked 13F Type
VANGUARD CAPITAL MANAGEMENT LLC $2,499,562,203 8,472,805 10.57% Shares
STATE FARM MUTUAL AUTOMOBILE INSURANCE CO $2,261,273,481 7,665,074 9.56% Shares
VANGUARD PORTFOLIO MANAGEMENT LLC $2,069,834,116 7,016,149 8.75% Shares
STATE STREET CORP $1,812,859,166 6,145,077 7.66% Shares
GEODE CAPITAL MANAGEMENT, LLC $888,220,948 3,024,668 3.76% Shares
TCI FUND MANAGEMENT LTD $721,890,650 2,447,004 3.05% Shares
Clearbridge Investments, LLC $675,359,828 2,289,278 2.86% Shares
Egerton Capital (UK) LLP $581,669,447 1,971,694 2.46% Shares
FMR LLC $570,795,261 1,934,833 2.41% Shares
PARNASSUS INVESTMENTS, LLC $558,540,663 1,893,294 2.36% Shares
MANUFACTURERS LIFE INSURANCE COMPANY, THE $451,118,810 1,529,164 1.91% Shares
DIMENSIONAL FUND ADVISORS LP $363,247,801 1,231,306 1.54% Shares
NORGES BANK $360,701,647 1,222,676 1.53% Shares
CHARLES SCHWAB INVESTMENT MANAGEMENT INC $314,594,239 1,066,385 1.33% Shares
Stockbridge Partners LLC $314,469,745 1,065,963 1.33% Shares
Veritas Asset Management LLP $306,641,064 1,039,426 1.30% Shares
BANK OF AMERICA CORP /DE/ $239,865,255 813,075 1.01% Shares
ARROWSTREET CAPITAL, LIMITED PARTNERSHIP $216,061,784 732,388 0.91% Shares
VANGUARD FIDUCIARY TRUST CO $214,937,206 728,576 0.91% Shares
NOMURA ASSET MANAGEMENT INTERNATIONAL INC. $213,186,000 722,640 0.90% Shares
Fenimore Asset Management Inc $194,873,522 660,566 0.82% Shares
59 North Capital Management, LP $189,953,104 643,887 0.80% Shares
MAVERICK CAPITAL LTD $187,999,253 637,264 0.79% Shares
Avantyr Capital Partners, LP $184,176,218 624,305 0.78% Shares
W1M Asset Management Ltd $168,186,491 570,288 0.71% Shares
LONDON CO OF VIRGINIA $165,346,888 560,475 0.70% Shares
PARK PRESIDIO CAPITAL LLC $164,625,020 558,032 0.70% Shares
DF DENT & CO INC $144,617,574 490,212 0.61% Shares
BARCLAYS PLC $143,040,317 484,866 0.60% Shares
NORDEA INVESTMENT MANAGEMENT AB $120,372,488 400,654 0.51% Shares
RAYMOND JAMES FINANCIAL INC $118,463,414 401,557 0.50% Shares
AMERICAN CENTURY COMPANIES INC $113,895,691 386,074 0.48% Shares
Swiss National Bank $108,557,780 367,980 0.46% Shares
Empower Advisory Group, LLC $100,866,384 341,908 0.43% Shares
HighTower Advisors, LLC $98,532,486 333,997 0.42% Shares
Mitsubishi UFJ Asset Management Co., Ltd. $92,870,328 314,804 0.39% Shares
Skye Global Management LP $91,010,585 308,500 0.38% Shares
Vanguard Global Advisers, LLC $82,632,596 280,101 0.35% Shares
Sumitomo Mitsui Trust Group, Inc. $82,137,864 278,424 0.35% Shares
CANADA PENSION PLAN INVESTMENT BOARD $81,947,878 277,780 0.35% Shares
VANGUARD GROUP INC $81,908,909 287,178 0.35% Shares
GOLDMAN SACHS GROUP INC $81,275,014 275,499 0.34% Shares
ENVESTNET ASSET MANAGEMENT INC $78,963,212 267,663 0.33% Shares
NICHOLAS COMPANY, INC. $76,355,963 258,825 0.32% Shares
AMERIPRISE FINANCIAL INC $75,942,951 257,425 0.32% Shares
California Public Employees Retirement System $75,174,743 254,821 0.32% Shares
W1M Investment Management Ltd $74,617,011 242,653 0.32% Shares
JONES FINANCIAL COMPANIES LLLP $74,296,999 238,629 0.31% Shares
VANGUARD ASSET MANAGEMENT, Ltd $74,282,043 251,795 0.31% Shares
BlackRock, Inc. $72,511,688 245,794 0.31% Shares
RHUMBLINE ADVISERS $71,621,555 242,777 0.30% Shares
ALKEON CAPITAL MANAGEMENT LLC $70,368,449 238,529 0.30% Shares
UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC $66,965,105 245,924 0.28% Shares
BAMCO INC /NY/ $64,444,344 218,448 0.27% Shares
FIL Ltd $64,222,792 217,697 0.27% Shares
MONTANOVA CAPITAL, LLC $63,420,660 214,978 0.27% Shares
Legal & General Group Plc $62,493,445 211,835 0.26% Shares
Vontobel Holding Ltd. $62,374,849 211,433 0.26% Shares
CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM $61,038,496 224,159 0.26% Shares
National Pension Service $60,548,737 205,243 0.26% Shares
WEITZ INVESTMENT MANAGEMENT, INC. $60,123,038 203,800 0.25% Shares
BNP PARIBAS FINANCIAL MARKETS $58,783,103 199,258 0.25% Shares
BROWN BROTHERS HARRIMAN & CO $57,545,536 195,063 0.24% Shares
WELLS FARGO & COMPANY/MN $52,592,023 178,272 0.22% Shares
Assenagon Asset Management S.A. $51,559,193 174,771 0.22% Shares
EVENTIDE ASSET MANAGEMENT, LLC $50,128,882 169,825 0.21% Shares
Douglas Lane & Associates, LLC $49,814,942 168,858 0.21% Shares
D. E. Shaw & Co., Inc. $49,369,038 167,347 0.21% Shares
Universal- Beteiligungs- und Servicegesellschaft mbH $47,663,941 161,630 0.20% Shares
CAPTRUST FINANCIAL ADVISORS $46,505,192 157,639 0.20% Shares
HEALTHCARE OF ONTARIO PENSION PLAN TRUST FUND $46,408,613 157,312 0.20% Shares
Edge Capital Group, LLC $46,265,645 687 0.20% Shares
REGIONS FINANCIAL CORP $45,401,744 153,899 0.19% Shares
MACKENZIE FINANCIAL CORP $41,290,485 139,963 0.17% Shares
SUSQUEHANNA INTERNATIONAL GROUP, LLP $41,183,396 139,600 0.17% Call option
Howard Capital Management Group, LLC $40,998,533 138,973 0.17% Shares
BNP PARIBAS ASSET MANAGEMENT Holding S.A. $40,514,903 137,334 0.17% Shares
Narwhal Capital Management $39,341,649 133,357 0.17% Shares
CITADEL ADVISORS LLC $38,959,021 132,060 0.16% Shares
ALLIANCEBERNSTEIN L.P. $38,695,736 142,107 0.16% Shares
ADAGE CAPITAL PARTNERS GP, L.L.C. $38,501,165 130,508 0.16% Shares
ROYAL BANK OF CANADA $38,048,000 128,972 0.16% Shares
Korea Investment CORP $36,732,285 124,512 0.16% Shares
MARSHALL WACE, LLP $36,581,240 124,000 0.15% Shares
LPL Financial LLC $34,371,227 116,509 0.15% Shares
Susquehanna Portfolio Strategies, LLC $33,688,667 114,195 0.14% Shares
ABN AMRO INVESTMENT SOLUTIONS $33,290,993 112,847 0.14% Shares
AVIVA PLC $33,221,961 112,613 0.14% Shares
STATE BOARD OF ADMINISTRATION OF FLORIDA RETIREMENT SYSTEM $32,875,324 111,438 0.14% Shares
Aberdeen Group plc $32,578,544 110,432 0.14% Shares
Silvant Capital Management LLC $32,388,263 109,787 0.14% Shares
Bridgewater Associates, LP $32,063,752 108,687 0.14% Shares
PFW Advisors LLC $31,611,502 107,154 0.13% Shares
Alecta Tjanstepension Omsesidigt $30,765,011 104,320 0.13% Shares
OSTRUM ASSET MANAGEMENT $30,640,034 103,861 0.13% Shares
Walleye Capital LLC $29,602,778 100,345 0.13% Shares
CIBC Asset Management Inc $29,519,353 100,065 0.12% Shares
COMGEST GLOBAL INVESTORS S.A.S. $28,872,924 97,871 0.12% Shares
Quantinno Capital Management LP $28,787,727 97,582 0.12% Shares
Pictet Asset Management Holding SA $28,513,601 96,653 0.12% Shares

Company insiders 47 insiders · 18 officers · 19 directors

Insider Role Last activity Shares owned Buys 12m Sells 12m Net 12m
Mary Andrews Carlisle SVP and CFO July 13, 2026 A 0 0 $0
Thompson S Baker II President Feb. 21, 2026 M 59,493 0 5 $-6,510,814
Martin S Thorpe President, Mideast Division Feb. 10, 2017 A 2,431 0 0 $0
Christina M Alvord President, Southern Gulf Coast Feb. 10, 2017 A 0 0 $0
Brock C. Lodge Jr President - Western Division Feb. 10, 2017 A 638 0 0 $0
David B. Pasley President - Mountain West Div Feb. 10, 2017 A 4,107 0 0 $0
Jeffery G Lott President, Southwest Division Feb. 10, 2017 A 4,389 0 0 $0
David J Grayson President, Southeast Division Nov. 8, 2016 S 16,648 0 0 $0
Stanley G Bass Chief Growth Officer June 14, 2017 S 21,939 0 0 $0
Jerry F Perkins Jr General Counsel and Secretary June 12, 2017 F 4,302 0 0 $0
Jason P Teter Vice President - Finance Feb. 10, 2017 A 1,629 0 0 $0
John R Mcpherson EVP, Chf Fin & Strategy Ofcr Feb. 10, 2017 A 29,659 0 0 $0
Danny R Shepherd Vice Chairman May 8, 2015 M 37,008 0 0 $0
Daniel F Sansone Exec VP-Strategy Nov. 6, 2014 M 17,274 0 0 $0
Wayne J Houston Senior VP-Human Resources Feb. 13, 2014 A 1,870 0 0 $0
Robert A Wason IV Sr. VP, General Counsel Sept. 13, 2012 M 16,905 0 0 $0
Ronald G Mcabee SVP, CMG-West April 22, 2010 M 8,526 0 0 $0
Guy M Badgett III Sr. VP, Construction Materials March 2, 2009 A 13,382 0 0 $0
Melissa H. Anderson Director June 12, 2026 A 0 0 $0
Lee J Styslinger III Director June 12, 2026 A 4,000 0 0 $0
Thomas A Fanning Director June 12, 2026 A 0 0 $0
Lydia H Kennard Director June 12, 2026 M 2,112 0 0 $0
Grayson Hall Director June 12, 2026 M 618 0 2 $-1,354,267
Kathleen L Quirk Director June 12, 2026 A 0 0 $0
David P Steiner Director June 12, 2026 A 0 0 $0
Richard T Obrien Director May 8, 2026 A 0 0 $0
Vincent J Trosino Director Dec. 15, 2016 A 8,200 0 0 $0
Douglas J Mcgregor Director Dec. 15, 2016 A 0 0 $0
Elaine L. Chao Director May 16, 2016 A 0 0 $0
Donald M James Director May 12, 2015 M 137,630 0 0 $0
Donald B Rice Director May 7, 2015 A 31,950 0 0 $0
Allen H Franklin Director Dec. 12, 2014 A 0 0 $0
Phillip W Farmer Director May 8, 2014 A 0 0 $0
Ann Mclaughlin Korologos Director May 9, 2013 A 3,308 0 0 $0
CARROLL PHILIP J JR Director June 15, 2012 A 0 0 $0
James V Napier Director Jan. 24, 2011 G 7,334 0 0 $0
John D. Baker II Director March 24, 2009 A 10,000 0 0 $0
Thomas J Hill Aug. 12, 2026 M 72,209 0 0 $0
David P Clements Aug. 7, 2026 S 6,716 0 3 $-1,425,140
James T Prokopanko May 8, 2026 A 0 0 $0
Ejaz A Khan June 16, 2017 G 26,583 0 0 $0
Cynthia Lynn Hostetler June 15, 2017 A 0 0 $0
Kathleen Wilson-Thompson June 15, 2017 A 0 0 $0
William K Duke March 1, 2017 I 11,381 0 0 $0
Michael R Mills Sept. 6, 2016 G 0 0 0 $0
Orin R Smith March 27, 2009 A 0 0 $0
William F Denson III Feb. 29, 2008 A 34,299 0 0 $0

Insiders from SEC Form 3/4/5 filings; net = open-market P/S only

Activists & 5%+ owners 2 positions

Investors who filed SEC Schedule 13D — beneficial ownership above 5% with an intent to influence the issuer (activist stakes, board campaigns, M&A). Each row shows the most recent known state of that filer's position.

Filer Filed Stake Status Purpose Filing
Undisclosed reporting person, Undisclosed reporting person, Undisclosed reporting person Dec. 7, 2012 Initial filing SEC
Undisclosed reporting person, Undisclosed reporting person, Undisclosed reporting person Jan. 20, 2012 Initial filing Passive investment SEC

Purpose is an automated classification of the filer's own stated purpose (SEC Item 4) — not investment advice. "—" means no clear purpose was stated or the text could not be classified.

ETF ownership Held by 168 ETFs

Weight reflects direct equity holdings (N-PORT) only; leveraged or derivative-based funds may hold additional swap exposure not shown.

Fund Weight Units As of Source
PKB · Invesco Exchange-Traded Fund Trust 5.29% 70,590 SH Aug. 8, 2026 Daily
RSPM · Invesco Exchange-Traded Fund Trust 3.83% 24,925 SH Aug. 8, 2026 Daily
DRES · GMO ETF Trust 3.57% 4,582 NS May 31, 2026 N-PORT
UYM · ProShares Trust 3.31% 4,686 NS May 31, 2026 N-PORT
FMAT · FIDELITY COVINGTON TRUST 2.55% 51,074 NS April 30, 2026 N-PORT
VAW · VANGUARD WORLD FUND 2.52% 382,807 SH Aug. 8, 2026 Daily
SUPP · TCW ETF Trust 2.36% 947 NS April 30, 2026 N-PORT
NUMG · Nushares ETF Trust 2.25% 26,318 NS April 30, 2026 N-PORT
PRCS · Parnassus Funds II 2.15% 11,730 NS June 30, 2026 N-PORT
PAVE · Global X Funds 2.03% 969,237 NS May 31, 2026 N-PORT
ASLV · ALLSPRING EXCHANGE-TRADED FUNDS TRU… 1.56% 11,561 NS April 30, 2026 N-PORT
IFRA · iShares Trust 1.33% 216,523 SH Aug. 8, 2026 Daily
FMAG · FIDELITY COVINGTON TRUST 1.20% 10,064 NS April 30, 2026 N-PORT
MXI · iShares Trust 1.16% 14,628 SH Aug. 8, 2026 Daily
SZNE · Pacer Funds Trust 1.15% 512 NS April 30, 2026 N-PORT
MMID · MFS Active Exchange Traded Funds Tr… 0.99% 1,197 NS May 31, 2026 N-PORT
IGE · iShares Trust 0.97% 25,768 SH Aug. 8, 2026 Daily
VOT · VANGUARD INDEX FUNDS 0.84% 994,053 SH Aug. 8, 2026 Daily
JOET · Virtus ETF Trust II 0.82% 6,420 NS April 30, 2026 N-PORT
IMCG · iShares Trust 0.47% 68,092 SH Aug. 8, 2026 Daily
DFLV · Dimensional ETF Trust 0.46% 89,803 NS April 30, 2026 N-PORT
ESLV · Strategy Shares 0.45% 177 NS April 30, 2026 N-PORT
IYJ · iShares Trust 0.43% 29,500 SH Aug. 8, 2026 Daily
AVMC · AMERICAN CENTURY ETF TRUST 0.40% 5,753 NS May 31, 2026 N-PORT
JOYT · J.P. Morgan Exchange-Traded Fund Tr… 0.40% 1,131 NS April 30, 2026 N-PORT
VO · VANGUARD INDEX FUNDS 0.37% 2,811,942 SH Aug. 8, 2026 Daily
FTC · First Trust Exchange-Traded AlphaDE… 0.35% 14,828 NS April 30, 2026 N-PORT
IWS · iShares Trust 0.35% 195,591 SH Aug. 8, 2026 Daily
CSM · ProShares Trust 0.29% 5,389 NS May 31, 2026 N-PORT
IWR · iShares Trust 0.26% 527,791 SH Aug. 8, 2026 Daily
IMCB · iShares Trust 0.24% 14,410 SH Aug. 8, 2026 Daily
FXR · First Trust Exchange-Traded AlphaDE… 0.24% 5,473 NS April 30, 2026 N-PORT
ESUM · Strategy Shares 0.22% 1,132 NS April 30, 2026 N-PORT
HEQQ · J.P. Morgan Exchange-Traded Fund Tr… 0.22% 227 NS April 30, 2026 N-PORT
HELO · J.P. Morgan Exchange-Traded Fund Tr… 0.21% 28,284 NS April 30, 2026 N-PORT
DFUV · Dimensional ETF Trust 0.21% 98,682 NS April 30, 2026 N-PORT
DFVE · DoubleLine ETF Trust 0.20% 204 NS March 31, 2026 N-PORT
NULC · Nushares ETF Trust 0.20% 380 NS April 30, 2026 N-PORT
XOEF · iShares Trust 0.20% 163 SH Aug. 8, 2026 Daily
SIZE · iShares Trust 0.20% 3,050 SH Aug. 8, 2026 Daily
RSP · Invesco Exchange-Traded Fund Trust 0.20% 680,644 SH Aug. 8, 2026 Daily
EUSA · iShares, Inc. 0.19% 13,126 SH Aug. 8, 2026 Daily
BSCU · Invesco Exchange-Traded Self-Indexe… 0.19% 5,391,000 Aug. 8, 2026 Daily
GSEW · Goldman Sachs ETF Trust 0.19% 11,756 NS May 31, 2026 N-PORT
FAD · First Trust Exchange-Traded AlphaDE… 0.18% 2,807 NS April 30, 2026 N-PORT
DFVX · Dimensional ETF Trust 0.18% 2,820 NS April 30, 2026 N-PORT
CRTC · DBX ETF Trust 0.17% 794 NS May 31, 2026 N-PORT
VIG · VANGUARD SPECIALIZED FUNDS 0.17% 733,060 SH Aug. 8, 2026 Daily
EQL · ALPS ETF Trust 0.17% 8,170 NS May 31, 2026 N-PORT
USXF · iShares Trust 0.14% 7,596 SH Aug. 8, 2026 Daily