Vulcan Materials Company income statement
In fiscal 2025, Vulcan Materials Company reported revenue of $7.94bn, up 7.1% on the year before, operating income of $1.62bn (a 20.4% margin) and net income of $1.08bn, or $8.11 per diluted share. Every line below comes from the company's 10-K and 10-Q filings; column headings link to the filing.
Income statement
| Fiscal year | 2009Dec 2009 | 2010Dec 2010 | 2011Dec 2011 | 2012Dec 2012 | 2013Dec 2013 | 2014Dec 2014 | 2015Dec 2015 | 2016Dec 2016 | 2017Dec 2017 | 2018Dec 2018 | 2019Dec 2019 | 2020Dec 2020 | 2021Dec 2021 | 2022Dec 2022 | 2023Dec 2023 | 2024Dec 2024 | 2025Dec 2025 | LTMSept 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 2,690 | 2,559 | 2,565 | 2,567 | 2,771 | 2,994 | 3,422 | 3,593 | 3,890 | 4,383 | 4,929 | 4,857 | 5,552 | 7,315 | 7,782 | 7,418 | 7,941 | 8,009 |
| Cost of revenue | 2,245 | 2,258 | 2,281 | 2,233 | 2,344 | 2,407 | 2,565 | 2,604 | 2,897 | 3,282 | 3,673 | 3,575 | 4,179 | 5,758 | 5,833 | 5,418 | 5,767 | 5,808 |
| Gross profit | 446 | 301 | 284 | 334 | 427 | 588 | 858 | 989 | 994 | 1,101 | 1,256 | 1,282 | 1,373 | 1,558 | 1,949 | 2,000 | 2,175 | 2,201 |
| Research and development | 2 | 2 | 1 | 0 | 0 | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Selling, general and administrative | 322 | 328 | 290 | 259 | 259 | 272 | 287 | 317 | 325 | 333 | 371 | 360 | 418 | 515 | 543 | 531 | 564 | 550 |
| Operating income | 148 | −15 | 63 | 85 | 190 | 538 | 550 | 666 | 639 | 748 | 878 | 896 | 1,011 | 951 | 1,427 | 1,365 | 1,620 | 1,624 |
| Interest expense | 175 | 182 | 221 | 213 | 203 | 243 | 221 | 134 | 296 | 138 | 130 | 136 | 149 | 169 | 196 | 191 | 240 | 226 |
| Income before tax | −19 | −192 | −154 | −120 | −4 | 299 | 328 | 547 | 361 | 623 | 758 | 744 | 874 | 788 | 1,245 | 1,172 | 1,390 | 1,412 |
| Income tax | −38 | −90 | −78 | −66 | −24 | 92 | 95 | 125 | −232 | 105 | 135 | 156 | 200 | 193 | 299 | 251 | 308 | 305 |
| Net income | 30 | −96 | −71 | −53 | 24 | 205 | 221 | 419 | 601 | 516 | 618 | 585 | 671 | 576 | 933 | 912 | 1,077 | 1,103 |
| Diluted EPS | $0.25 | −$0.75 | −$0.55 | −$0.41 | $0.19 | $1.54 | $1.64 | $3.09 | $4.46 | $3.85 | $4.63 | $4.39 | $5.02 | $4.31 | $6.98 | $6.85 | $8.11 | $8.44 |
| Diluted shares (average) | 119m | 128m | 129m | 130m | 131m | 133m | 135m | 136m | 135m | 134m | 133m | 133m | 134m | 134m | 134m | 133m | 133m | 131m |
| EBITDA | 543 | 368 | 425 | 417 | 498 | 818 | 825 | 951 | 945 | 1,094 | 1,252 | 1,293 | 1,474 | 1,539 | 2,044 | 1,997 | 2,368 | 2,339 |
| Quarter | 2024 Q4Dec 2024 | 2025 Q1Mar 2025 | 2025 Q2Jun 2025 | 2025 Q3Sept 2025 | 2025 Q4Dec 2025 | 2026 Q1Mar 2026 | 2026 Q2Jun 2026 | 2026 Q3Sept 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 1,854 | 1,635 | 2,102 | 2,292 | 1,913 | 1,756 | 2,156 | 2,185 |
| Cost of revenue | 1,317 | 1,269 | 1,477 | 1,594 | 1,426 | 1,333 | 1,530 | 1,519 |
| Gross profit | 537 | 365 | 625 | 697 | 487 | 423 | 626 | 666 |
| Selling, general and administrative | 138 | 138 | 145 | 145 | 136 | 136 | 141 | 137 |
| Operating income | 401 | 226 | 471 | 543 | 379 | 265 | 456 | 525 |
| Interest expense | 74 | 60 | 59 | 55 | 66 | 54 | 55 | 51 |
| Income before tax | 339 | 164 | 414 | 489 | 323 | 213 | 405 | 471 |
| Income tax | 43 | 34 | 91 | 112 | 70 | 46 | 81 | 107 |
| Net income | 294 | 129 | 321 | 375 | 252 | 166 | 323 | 362 |
| Diluted EPS | $2.20 | $0.97 | $2.42 | $2.82 | $1.90 | $1.26 | $2.48 | $2.80 |
| EBITDA | 565 | 413 | 657 | 735 | 564 | 436 | 633 | 706 |
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