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Martin Marietta Materials Inc

Martin Marietta Materials Inc

MLM
$509.96USD↑+1.49%+7.49 today

MARKET CAP

36.2B

P/E (TTM)

27.3x

FWD P/E

25.6x

DAY RANGE

$503 – $512

52W RANGE

$492
$711

AI Summary

Stalk
TrimMedium

MLM is entrenched in a Stage 4 decline with a clear support failure and lower highs/lows structure. Intermediate and secular biases are bearish, but extreme oversold on the daily RSI and a bounce at the 52-week low support zone make selling here premature. We defer bearish execution and look for a rally back into the 9/20 EMAs or the prior support cluster (~511–515) to fade.

  • ↑Q2 2026 revenue $1.95 B (+21% YoY) with adjusted EBITDA $630 M (+8%).
  • ↑2026 revenue guidance raised to $7.2–7.4 B reflecting confident execution.
  • ↓Current P/E of 35.1x well above peers, posing valuation risk.
Full analysis →

The case for & against

Bull & Bear analysis

Bullish

Martin Marietta Materials, Inc. (NYSE: MLM) is a leading provider of construction aggregates and heavy building materials in the United States. The company is a dominant player in the aggregates market, focusing on essential products for infrastructure and heavy non-residential construction. Its strategic position is bolstered by strong federal and state investments in infrastructure coupled with demographic trends driving demand for data centers and energy projects. Martin Marietta aims to capitalize on favorable market conditions while maintaining a robust safety culture and operational excellence.

Bull says

  • ↑Q2 2026 revenue $1.95 B (+21% YoY) with adjusted EBITDA $630 M (+8%).
  • ↑2026 revenue guidance raised to $7.2–7.4 B reflecting confident execution.
  • ↑New Frontier Materials acquisition to deliver ~$50 M in annual EBITDA synergies.
  • ↑Over $150 B in federal infrastructure funding supports sustained aggregates demand.
  • ↑Dividend increased 5% and $2.1 B returned via dividends and buybacks.
  • ↑High-quality fundamentals, large market presence and strong institutional ownership.

Bear says

  • ↓Current P/E of 35.1x well above peers, posing valuation risk.
  • ↓High interest rates and affordability headwinds may slow residential volumes.
  • ↓Rising diesel costs expected to reduce margins by ~$36 M.
  • ↓Execution risks on New Frontier integration could delay synergies.
  • ↓Negative momentum and intensifying competition could pressure pricing.
  • ↓Weak profitability and growth factor signals warrant caution.

Investment themes with MLM

Infrastructure Development↓ -1.13%

DE · HWM · TT

Earnings Call · Q2 2025 · Mgmt. Guidance

Updated 08-15-2026neutral

Transcript signals

Bull points

  • Bignesia Specialties has some of the highest cash flow conversions of any business we've ever seen, which we believe will be additive to overall margins and cash flow.
  • Aggregates revenues of $1.32 billion, an increase of 6%.
  • Aggregates gross profit of $430 million, an increase of 9%.

Bear points

  • we expect residential activity in the near term to remain subdued until affordability headwinds recede.
  • It rained. I mean, the fact is it's really difficult to have your cost flow through the way that you would like if you've got a lot of stop-start in an outdoor area.
  • We were saying only about 10 million of contribution this year, and what we're saying is that's really two months out of 12, given the purchase accounting impacts for the first three months as we sell through the inventory that's valued at fair market.
Read full transcript analysis ›