Martin Marietta Materials (NYSE:MLM) reported record full-year revenue of $6.15 billion for 2025, a 9% increase over the prior year, as the building materials giant successfully leveraged its "pure-play" aggregates strategy to capture heightened infrastructure and data center demand.
The Raleigh-based company also posted a record full-year gross profit of $1.89 billion, a 16% jump that underscored its significant pricing power in a tightening market.
Despite a typical seasonal slowdown in the fourth quarter, where revenues hit $1.53 billion, the company's core aggregates segment remained a powerhouse.
For the full year, aggregates shipments reached 198.5 million tons, with average selling prices (ASP) climbing to $23.30 per ton.
This pricing strength, combined with operational efficiencies, helped the company generate a record $1.79 billion in cash from operations, up 22% year-over-year.
While GAAP net earnings from continuing operations for 2025 were $990 million—down from 2024 figures that were inflated by large divestiture gains—the company’s adjusted EBITDA from continuing operations rose 17% to $2.07 billion.
This performance allowed Martin Marietta to return $647 million to shareholders through a combination of dividends and share repurchases over the course of the year.