{ "ok": true, "cik": "1396009", "ticker": "VMC", "name": "VULCAN MATERIALS COMPANY", "filings": [ { "form": "10-Q", "filed": "2026-07-29", "items": [], "url": "https://www.sec.gov/Archives/edgar/data/1396009/000162828026050486/0001628280-26-050486-index.htm" }, { "form": "8-K", "filed": "2026-07-29", "items": [ "2.02 Results of Operations and Financial Condition", "9.01 Financial Statements and Exhibits" ], "url": "https://www.sec.gov/Archives/edgar/data/1396009/000114036126029958/0001140361-26-029958-index.htm" }, { "form": "8-K", "filed": "2026-07-27", "items": [ "8.01 Other Events", "9.01 Financial Statements and Exhibits" ], "url": "https://www.sec.gov/Archives/edgar/data/1396009/000114036126029775/0001140361-26-029775-index.htm" }, { "form": "8-K", "filed": "2026-05-11", "items": [ "5.02 Departure or Election of Directors; Appointment of Officers", "5.07 Submission of Matters to a Vote of Security Holders" ], "url": "https://www.sec.gov/Archives/edgar/data/1396009/000114036126020591/0001140361-26-020591-index.htm" }, { "form": "10-Q", "filed": "2026-04-29", "items": [], "url": "https://www.sec.gov/Archives/edgar/data/1396009/000162828026028318/0001628280-26-028318-index.htm" }, { "form": "8-K", "filed": "2026-04-29", "items": [ "2.02 Results of Operations and Financial Condition", "9.01 Financial Statements and Exhibits" ], "url": "https://www.sec.gov/Archives/edgar/data/1396009/000114036126017638/0001140361-26-017638-index.htm" } ], "events12m": 10, "healthWatch": { "window": "last 12 months", "since": "2025-09-26", "signals": [ { "code": "5.02", "label": "Director or officer change", "count": 3, "latest": { "filed": "2026-05-11", "url": "https://www.sec.gov/Archives/edgar/data/1396009/000114036126020591/0001140361-26-020591-index.htm" } } ], "note": "Events the company itself filed with the SEC, most serious first. Shown beside the figures; they do not change the range or its receipt." }, "sources": { "facts": "https://data.sec.gov/api/xbrl/companyfacts/CIK0001396009.json", "filings": "https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=1396009" }, "license": "Figures as filed with the SEC. Card text CC BY 4.0, POPS4.", "notAdvice": "Reporting, not investment advice. No price targets and no trading recommendations.", "edgar": "🫧 Edgar looked up VULCAN MATERIALS COMPANY ($VMC). Last filing: 10-Q, 2026-07-29. 10 event filings (8-K) in the past twelve months.", "auditor": { "changes": [], "nonReliance": [], "restatedSince": null }, "metrics": { "fiscalYearEnd": "2025-12-31", "revenue": 7941100000, "revenueGrowth1y": 0.07056095555226016, "revenueGrowthPerYear": 0.09358838968918981, "yearsOfData": 5, "operatingMargin": 0.20395159360793844, "operatingMarginPrior": 0.1839518988365666, "netMargin": 0.1357620480789815, "operatingCashFlow": 1813000000, "capitalSpending": 677700000, "freeCashFlow": 1135300000, "researchAndDevelopment": null, "researchShareOfRevenue": null, "cash": 183300000, "longTermDebt": 4362100000, "longTermDebtChange": -0.17810980894599993, "revenueHistory": [ { "fiscalYearEnd": "2021-12-31", "revenue": 5552200000 }, { "fiscalYearEnd": "2022-12-31", "revenue": 7315200000 }, { "fiscalYearEnd": "2023-12-31", "revenue": 7781900000 }, { "fiscalYearEnd": "2024-12-31", "revenue": 7417700000 }, { "fiscalYearEnd": "2025-12-31", "revenue": 7941100000 } ], "totalEquity": 8525100000, "totalAssets": 16700400000, "equityRatio": 0.5104728030466336, "returnOnEquity": 0.12646185968493037, "dividendsPaid": 259800000, "payoutRatio": 0.24097950097393564, "dividendPerShare": 1.96, "dividendYearsRising": 12, "dividendCut": false, "priceBased": "Dividend yield, price/earnings and price/book need a share price. The boards carry filings only, so they are not shown.", "earningsPerShare": 8.16, "sharesOutstanding": 132700000, "bookValuePerShare": 64.24340617935192, "revenuePerShare": 59.842501883948756, "range80": { "low": 6883628326.812398, "high": 9626932602.239767, "baseline": 8331423521.37884, "n": 4599, "band": "b1", "bandLabel": "$1B–10B", "method": "v4.1", "credibility": 0.5, "growthYears": 4, "ownVolatility": 0.13515349862637324, "classVolatility": 0.07701947805587882, "volatility": 0.10999651856070053 }, "ifPaceHeld": { "low": 6883628326.812398, "high": 9626932602.239767 } }, "edgarette": "🔖 Exposure: revenue $7.9B (FY2025), total debt $4.4B. Experience: revenue up 7.1% on the year, up 9.4% a year over 4 years; operating margin 20.4%, up from 18.4%. Soundness: equity 51.0% of assets, return on equity 12.6%, payout 24.1% of profit, dividend per share up 12 years running. Credibility: four or more audited years, reasonable weight. Range: 80% of past cases like this landed between $6.9B and $9.6B next year (method v4.1: its own 4-year record of growth weighed at 50% against $1B–10B filers; on a year the method never saw, 83.4% landed inside). In a shock year the stress range is $6.1B to $10.9B. A statistical range, not company guidance. Against peers (9 filers, $50M+ revenue, mining & quarrying of nonmetallic minerals (no fuels)): operating margin 20.4% against a 11.2% median; growth 7.1% against 7.1%.", "peers": { "sic": 1400, "sicDescription": "Mining & Quarrying of Nonmetallic Minerals (No Fuels)", "calendarYear": 2025, "minRevenue": 50000000, "depth": 4, "group": "1400", "growth": [ 0.0706, 9 ], "opMargin": [ 0.1119, 9 ], "equityRatio": [ 0.4805, 9 ], "returnOnEquity": [ 0.0957, 9 ] }, "summary": "Vulcan Materials Company (VMC) grew revenue 7.1% in FY2025 to $7.9 billion, operating margin 20.4% against a 11.2% median for mining & quarrying of nonmetallic minerals (no fuels), equity 51.0% of assets, and dividend per share up 12 years running. Every figure is from the company’s own annual report filed with the SEC.", "chart": "
VULCAN MATERIALS COMPANY against its own record and its peers
Operating marginPeer median 11.2%20.4%Revenue, on the yearPeer median 7.1%7.1%Equity of assetsPeer median 48.0%51.0%Return on equityPeer median 9.6%12.6%Payout of profit24.1%Gold tick: the median of 9–9 peers with $50M+ revenue in mining & quarrying of nonmetallic minerals (no fuels)
", "chartHorizon": "
Handed back now, or kept to compound
Of each dollar of profit24.1% paid out75.9% keptHanded back per share$1.96up 12 years runningGrowth its own profit can fund9.6%retained x return on equityRevenue growth it managed7.1%last year, for comparison

Gold is paid out to shareholders; navy is kept in the business. Retained profit times return on equity is the pace a company can fund from itself. Facts from the filings, not a recommendation.

", "backtest": { "tests": 15, "hits": 11, "rate": 0.7333333333333333, "method": "v4", "byYear": { "2011": [ 1, 1 ], "2012": [ 1, 1 ], "2013": [ 1, 1 ], "2014": [ 1, 1 ], "2015": [ 1, 1 ], "2016": [ 1, 1 ], "2017": [ 1, 1 ], "2018": [ 1, 1 ], "2019": [ 1, 1 ], "2020": [ 0, 1 ], "2021": [ 0, 1 ], "2022": [ 0, 1 ], "2023": [ 1, 1 ], "2024": [ 0, 1 ], "2025": [ 1, 1 ] }, "note": "hindsight: the same credibility-weighted range on the company's own past years. Years 2018-2023 were used to fit or tune the method, so only 2025 outcomes are fully out of sample." }, "registry": { "logged": "2026-09-26T16:34:35.580Z", "hash": "1508ef6c8cf6efef", "status": "open" }, "caution": "Figures are as filed in audited 10-K reports and can move with restatements, acquisitions, disposals or a change in fiscal year. A range set from how past company-years turned out is not a promise about the next one, and says nothing about the share price.", "schema": "pops4.edgarette.card/1", "card": { "summary": "Vulcan Materials Company (VMC) grew revenue 7.1% in FY2025 to $7.9 billion, operating margin 20.4% against a 11.2% median for mining & quarrying of nonmetallic minerals (no fuels), equity 51.0% of assets, and dividend per share up 12 years running. Every figure is from the company’s own annual report filed with the SEC.", "exposure": { "fiscalYearEnd": "2025-12-31", "revenue": 7941100000, "totalDebt": 4362100000, "cash": 183300000 }, "experience": { "revenueGrowth1y": 0.07056095555226016, "revenueGrowthPerYear": 0.09358838968918981, "operatingMargin": 0.20395159360793844, "operatingMarginPrior": 0.1839518988365666, "netMargin": 0.1357620480789815, "freeCashFlow": 1135300000 }, "soundness": { "equityRatio": 0.5104728030466336, "returnOnEquity": 0.12646185968493037, "payoutRatio": 0.24097950097393564, "dividendPerShare": 1.96, "dividendYearsRising": 12, "dividendCut": false, "note": "Dividend yield, price/earnings and price/book need a share price. The boards carry filings only, so they are not shown." }, "peers": { "sic": 1400, "sicDescription": "Mining & Quarrying of Nonmetallic Minerals (No Fuels)", "calendarYear": 2025, "minRevenue": 50000000, "depth": 4, "group": "1400", "growth": [ 0.0706, 9 ], "opMargin": [ 0.1119, 9 ], "equityRatio": [ 0.4805, 9 ], "returnOnEquity": [ 0.0957, 9 ] }, "credibility": { "auditedYears": 5, "weight": "reasonable", "standard": "ASOP No. 25", "nonReliance": null, "auditorChange": null }, "healthWatch": { "window": "last 12 months", "since": "2025-09-26", "signals": [ { "code": "5.02", "label": "Director or officer change", "count": 3, "latest": { "filed": "2026-05-11", "url": "https://www.sec.gov/Archives/edgar/data/1396009/000114036126020591/0001140361-26-020591-index.htm" } } ], "note": "Events the company itself filed with the SEC, most serious first. Shown beside the figures; they do not change the range or its receipt." }, "range": { "low": 6883628326.812398, "high": 9626932602.239767, "baseline": 8331423521.37884, "coverage": 0.8, "method": "v4.1", "basis": "next fiscal year revenue: baseline = revenue x (1 + mean of one-year and three-year pace); width = the company's own volatility of yearly growth, credibility-weighted against its size class (Buhlmann), scaled to the 80% target on 2023 and tested on 2024", "calibratedOn": { "companyYears": 4599, "sizeBand": "$1B–10B", "fitYears": [ 2018, 2022 ], "tuneYear": 2023, "testYear": 2024, "coverageOnTestYear": 0.8341 }, "credibility": { "weightOnOwnRecord": 0.5, "growthYears": 4, "ownVolatility": 0.13515349862637324, "classVolatility": 0.07701947805587882, "pricedVolatility": 0.10999651856070053, "k": 3 }, "stress": { "low": 6090000568.818162, "high": 10882768328.381432, "basis": "the same range with widths set to hold 80% across 2018-2023, pandemic years included" }, "kind": "a statistical range, not company guidance; no view on the share price", "track": { "backtest": { "tests": 15, "hits": 11, "rate": 0.7333333333333333, "method": "v4", "byYear": { "2011": [ 1, 1 ], "2012": [ 1, 1 ], "2013": [ 1, 1 ], "2014": [ 1, 1 ], "2015": [ 1, 1 ], "2016": [ 1, 1 ], "2017": [ 1, 1 ], "2018": [ 1, 1 ], "2019": [ 1, 1 ], "2020": [ 0, 1 ], "2021": [ 0, 1 ], "2022": [ 0, 1 ], "2023": [ 1, 1 ], "2024": [ 0, 1 ], "2025": [ 1, 1 ] }, "note": "hindsight: the same credibility-weighted range on the company's own past years. Years 2018-2023 were used to fit or tune the method, so only 2025 outcomes are fully out of sample." }, "registry": { "logged": "2026-09-26T16:34:35.580Z", "hash": "1508ef6c8cf6efef", "status": "open" }, "scorecard": "https://www.pops4.com/boards/scorecard" } }, "caution": "Figures are as filed in audited 10-K reports and can move with restatements, acquisitions, disposals or a change in fiscal year. A range set from how past company-years turned out is not a promise about the next one, and says nothing about the share price.", "sources": { "facts": "https://data.sec.gov/api/xbrl/companyfacts/CIK0001396009.json", "filings": "https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=1396009" }, "speedCash": { "fiscalYear": 2025, "cashConversion": 0.2283, "growth3y": 0.0277, "volatility": 0.1352, "paysDividend": true, "raisedDividend": true, "equityRatio": 0.5105, "quadrant": { "code": "sj", "label": "Slow and jumpy", "plain": "growing slower than its size class, with revenue that swings more" }, "compass": { "code": "between", "inside": "Turns 22.8% of revenue into operating cash; revenue growing 2.8% a year over three years; pays and raised its dividend.", "outside": "Among $1B-10B companies: 70th percentile for cash, 41st for growth.", "emoji": "🌊", "label": "In between", "plain": "no clear cash pattern yet" }, "band": "$1B-10B", "cashPctInClass": 70, "growthPctInClass": 41, "source": "SEC XBRL frames, the company’s own audited figures; quadrant split at the median of its size class" }, "harbor": { "signs": [ { "key": "slowjumpy", "text": "slow and jumpy: growing slower than its size class, with revenue that swings more" } ], "rule": "Boat condition = number of warning signs: a serious warning filing in 12 months; liabilities over assets; slow and jumpy; negative operating cash; an 80% revenue range of ±25% or wider.", "level": 1, "name": "Sound ship", "plain": "one warning sign" }, "cashFlow": { "fiscalYearEnd": "2025-12-31", "operating": 1813000000, "investing": -529200000, "financing": -1695200000, "capitalSpending": 677700000, "free": 1135300000, "trend": [ { "fiscalYearEnd": "2021-12-31", "operating": 1011900000, "free": 560600000 }, { "fiscalYearEnd": "2022-12-31", "operating": 1148200000, "free": 535600000 }, { "fiscalYearEnd": "2023-12-31", "operating": 1536800000, "free": 664200000 }, { "fiscalYearEnd": "2024-12-31", "operating": 1409600000, "free": 806100000 }, { "fiscalYearEnd": "2025-12-31", "operating": 1813000000, "free": 1135300000 } ], "note": "Annual, as filed in 10-K cash flow statements; negative investing/financing = cash going out (capital spending, buybacks, dividends, debt repaid)." }, "investments": { "fiscalYearEnd": "2025-12-31", "cash": 183300000, "shortTerm": null, "longTerm": null, "equityHoldings": null, "totalAssets": 16700400000, "ladder": null, "currentRatio": 2.69, "unrealizedGain": null, "unrealizedLoss": null, "note": "Balance-sheet cash and investment securities at fiscal year end, as filed; short-term = due or saleable within a year. Insurers and banks hold most of their book here." } }, "definitions": { "operatingMargin": "Operating income divided by revenue.", "netMargin": "Net income divided by revenue.", "freeCashFlow": "Cash from operations minus spending on property and equipment.", "researchShareOfRevenue": "Research and development expense for the year as a share of revenue, both as filed.", "equityRatio": "Shareholders equity as a share of total assets, both as filed. Higher means less of the company is owed to someone else.", "returnOnEquity": "Net income for the year against shareholders equity at year end.", "payoutRatio": "Dividends paid as a share of net income, in the year the cash went out.", "dividendYearsRising": "Consecutive years, counted back from the last on record, in which dividend per share rose. A fall ends the run and is reported as dividendCut.", "revenueGrowthPerYear": "Compound annual growth between the first and latest fiscal years shown.", "credibility": "How much weight a record deserves, in the actuarial sense (ASOP No. 25): more audited years, more weight.", "peers": "Medians of SEC filers with $50M+ revenue in the same industry code (SIC), narrowest group with at least 8 filers, calendar-year figures from SEC XBRL frames.", "backtest": "The same range method applied to the company's own past years, scored against what it actually reported next. Hindsight, and labelled so.", "healthWatch": "Distress-type events the company filed in the last 12 months (late-filing notices; 8-K items 1.03, 3.01, 2.04, 4.02, 4.01, 2.05, 2.06, 1.05, 5.02), each with its count and newest filing. Display only: they do not change the range or its receipt." }, "speedCash": { "fiscalYear": 2025, "cashConversion": 0.2283, "growth3y": 0.0277, "volatility": 0.1352, "paysDividend": true, "raisedDividend": true, "equityRatio": 0.5105, "quadrant": { "code": "sj", "label": "Slow and jumpy", "plain": "growing slower than its size class, with revenue that swings more" }, "compass": { "code": "between", "inside": "Turns 22.8% of revenue into operating cash; revenue growing 2.8% a year over three years; pays and raised its dividend.", "outside": "Among $1B-10B companies: 70th percentile for cash, 41st for growth.", "emoji": "🌊", "label": "In between", "plain": "no clear cash pattern yet" }, "band": "$1B-10B", "cashPctInClass": 70, "growthPctInClass": 41, "source": "SEC XBRL frames, the company’s own audited figures; quadrant split at the median of its size class" }, "harbor": { "signs": [ { "key": "slowjumpy", "text": "slow and jumpy: growing slower than its size class, with revenue that swings more" } ], "rule": "Boat condition = number of warning signs: a serious warning filing in 12 months; liabilities over assets; slow and jumpy; negative operating cash; an 80% revenue range of ±25% or wider.", "level": 1, "name": "Sound ship", "plain": "one warning sign" }, "cashFlow": { "fiscalYearEnd": "2025-12-31", "operating": 1813000000, "investing": -529200000, "financing": -1695200000, "capitalSpending": 677700000, "free": 1135300000, "trend": [ { "fiscalYearEnd": "2021-12-31", "operating": 1011900000, "free": 560600000 }, { "fiscalYearEnd": "2022-12-31", "operating": 1148200000, "free": 535600000 }, { "fiscalYearEnd": "2023-12-31", "operating": 1536800000, "free": 664200000 }, { "fiscalYearEnd": "2024-12-31", "operating": 1409600000, "free": 806100000 }, { "fiscalYearEnd": "2025-12-31", "operating": 1813000000, "free": 1135300000 } ], "note": "Annual, as filed in 10-K cash flow statements; negative investing/financing = cash going out (capital spending, buybacks, dividends, debt repaid)." }, "investments": { "fiscalYearEnd": "2025-12-31", "cash": 183300000, "shortTerm": null, "longTerm": null, "equityHoldings": null, "totalAssets": 16700400000, "ladder": null, "currentRatio": 2.69, "unrealizedGain": null, "unrealizedLoss": null, "note": "Balance-sheet cash and investment securities at fiscal year end, as filed; short-term = due or saleable within a year. Insurers and banks hold most of their book here." } }