VMC
Vulcan Materials CO
NYSE · Basic Materials · Construction Materials · US
$257.45
−0.07%Research · Sep 3, 2026
[VMC] Vulcan Materials Thesis 2026: Infrastructure Cycle Pricing Power Drives Margin Per Ton
Vulcan Materials FY25 (Dec 31, 2025) at $7.93B revenue (+7%). NI $1.08B; EPS $8.12 (+19%). Adj EBITDA $2.3B (+13%); margin 29.3% (+160bp). Aggregates cash GP/ton $11.33; pricing +6% FY mix-adjusted. ~227M tons shipped (+3%). FY26 guide: shipments +1-3%, prices +4-6%, EBITDA $2.4-$2.6B, $750M reinvestment.