Vulcan Materials Co (VMC) financial statements: income statement, balance sheet and cash flow
Vulcan Materials Co's income statement, balance sheet and cash flow statement as filed with the SEC (10-K and 10-Q), with the latest fiscal years and quarters. In its latest fiscal year (Dec 31, 2025 · FY), Vulcan Materials Co reported revenue of $7.9B (+7.1% year on year) and net income of $1.1B (+18.1% year on year).
Income statement
Vulcan Materials Co income statement, fiscal years
Line item
Dec 31, 2025 · FY
Dec 31, 2024 · FY
Dec 31, 2023 · FY
Dec 31, 2022 · FY
Total revenues
$7.9B
$7.4B
$7.8B
$7.3B
Cost of revenues
($5.8B)
($5.4B)
($5.8B)
$5.8B
Gross profit
$2.2B
$2.0B
$1.9B
$1.6B
Selling, administrative and general expenses
($564.1M)
($531.1M)
($542.8M)
$515.1M
Gain on sale of property, plant & equipment and businesses
$52.4M
$52.3M
$76.4M
$10.7M
Loss on impairments
$0
($86.6M)
($28.3M)
($67.9M)
Other operating expense, net
($43.3M)
($69.7M)
($26.4M)
($34.0M)
Operating earnings
$1.6B
$1.4B
$1.4B
$951.4M
Other nonoperating expense, net
($3.2M)
($22.1M)
($2.7M)
$5.1M
Interest income
$13.4M
$20.9M
$16.5M
$800.0K
Interest expense
($239.7M)
($191.2M)
($196.1M)
$169.2M
Earnings from continuing operations before income taxes
$1.4B
$1.2B
$1.2B
$788.1M
Current
($281.6M)
($261.3M)
($343.6M)
$133.4M
Deferred
($25.9M)
$9.9M
$44.2M
$59.6M
Total income tax expense
($307.5M)
($251.4M)
$299.4M
$193.0M
Earnings from continuing operations
$1.1B
$920.7M
$945.7M
$595.1M
Loss on discontinued operations, net of tax
($4.5M)
($7.6M)
($10.8M)
($18.6M)
Net earnings
$1.1B
$913.1M
$934.9M
$576.5M
Earnings attributable to noncontrolling interest
($1.4M)
($1.2M)
($1.7M)
($900.0K)
Net earnings attributable to Vulcan
$1.1B
$911.9M
$933.2M
$575.6M
Amortization of accumulated cash flow hedge losses
$1.7M
$1.7M
$1.6M
$1.5M
Adjustment for funded status of benefit plans
($3.9M)
$9.7M
$4.2M
($6.5M)
Amortization of accumulated benefit plan costs
$4.0M
$5.0M
$5.1M
$3.0M
Other comprehensive income
$1.8M
$16.4M
$10.9M
($2.0M)
Comprehensive income
$1.1B
$929.5M
$945.8M
$574.5M
Comprehensive earnings attributable to noncontrolling interest
($1.4M)
($1.2M)
($1.7M)
($900.0K)
Comprehensive income attributable to Vulcan
$1.1B
$928.3M
$944.1M
$573.6M
Continuing operations
$8.19
$6.95
$7.1
$4.47
Discontinued operations
($0.03)
($0.06)
($0.08)
($0.14)
Net earnings
$8.16
$6.89
$7.02
$4.33
Continuing operations
$8.15
$6.91
$7.06
$4.45
Discontinued operations
($0.04)
($0.06)
($0.08)
($0.14)
Net earnings
$8.11
$6.85
$6.98
$4.31
Basic (in shares)
132.0M
132.3M
133.0M
133.0M
Assuming dilution (in shares)
132.7M
133.1M
133.7M
133.6M
Vulcan Materials Co income statement, quarters
Line item
Jun 30, 2026 · Q2
Mar 31, 2026 · Q1
Sep 30, 2025 · Q3
Jun 30, 2025 · Q2
Total revenues
$2.2B
$1.8B
$2.3B
$2.1B
Cost of revenues
($1.5B)
($1.3B)
($1.6B)
($1.5B)
Gross profit
$625.5M
$422.7M
$697.2M
$625.2M
Selling, administrative and general expenses
($141.3M)
($135.7M)
($145.3M)
($144.5M)
Gain (loss) on sale of property, plant & equipment and businesses
($11.3M)
($300.0K)
$600.0K
$1.2M
Other operating expense, net
($17.4M)
($21.3M)
($9.3M)
($10.9M)
Operating earnings
$455.5M
$265.4M
$543.2M
$471.0M
Other nonoperating income (expense), net
$3.7M
$1.4M
$700.0K
$2.4M
Interest expense, net
($54.7M)
($53.9M)
($55.3M)
($59.2M)
Earnings from continuing operations before income taxes
$404.5M
$212.9M
$488.6M
$414.2M
Income tax expense
($81.4M)
($45.9M)
($112.4M)
($91.3M)
Earnings from continuing operations
$323.1M
$167.0M
$376.2M
$322.9M
Gain (loss) on discontinued operations, net of tax
$1.2M
($1.0M)
($1.2M)
($2.1M)
Net earnings
$324.3M
$166.0M
$375.0M
$320.8M
(Earnings) loss attributable to noncontrolling interest
($900.0K)
($500.0K)
($100.0K)
$100.0K
Net earnings attributable to Vulcan
$323.4M
$165.5M
$374.9M
$320.9M
Amortization of accumulated cash flow hedge losses
$400.0K
$500.0K
$400.0K
$400.0K
Amortization of accumulated benefit plan costs
$1.1M
$900.0K
$1.1M
$1.1M
Other comprehensive income
$1.5M
$1.4M
$1.5M
$1.5M
Comprehensive income
$325.8M
$167.4M
$376.5M
$322.3M
Comprehensive (earnings) loss attributable to noncontrolling interest
($900.0K)
($500.0K)
($100.0K)
$100.0K
Comprehensive income attributable to Vulcan
$324.9M
$166.9M
$376.4M
$322.4M
Continuing operations (in usd per share)
$2.48
$1.27
$2.85
$2.44
Net earnings (in usd per share)
$2.49
$1.27
$2.84
$2.43
Continuing operations (in usd per share)
$2.47
$1.27
$2.83
$2.43
Discontinued operations (in usd per share)
$0.01
$0.00
-$0.01
-$0.01
Net earnings (in usd per share)
$2.48
$1.26
$2.82
$2.42
Basic (in shares)
129.8M
130.7M
132.1M
132.2M
Assuming dilution (in shares)
130.3M
131.2M
132.9M
132.9M
Effective tax rate from continuing operations
20.1%
21.6%
23.0%
22.0%
Balance sheet
Vulcan Materials Co balance sheet, fiscal years
Line item
Dec 31, 2025 · FY
Dec 31, 2024 · FY
Dec 31, 2023 · FY
Dec 31, 2022 · FY
Cash and cash equivalents
$183.3M
$559.7M
$931.1M
$161.4M
Restricted cash
$6.1M
$41.1M
$18.1M
$100.0K
Accounts and notes receivable, net
$887.7M
$892.3M
$889.7M
—
Inventories
$680.5M
$681.8M
$615.6M
$579.3M
Other current assets
$101.8M
$90.8M
$70.4M
$115.9M
Assets held for sale
$708.5M
—
—
—
Total current assets
$2.6B
$2.3B
$2.5B
$1.9B
Investments and long-term receivables
$33.7M
$31.3M
$31.3M
$31.8M
Property, plant & equipment, net
$8.1B
$8.5B
$6.2B
$6.1B
Operating lease right-of-use assets, net
$521.5M
$526.4M
$511.7M
$572.6M
Goodwill
$3.8B
$3.8B
$3.5B
$3.7B
Other intangible assets, net
$1.5B
$1.7B
$1.5B
$1.7B
Other noncurrent assets
$158.8M
$317.1M
$267.7M
$285.2M
Total assets
$16.7B
$17.1B
$14.5B
$14.2B
Current maturities of long-term debt
$400.0K
$400.5M
$500.0K
$500.0K
Trade payables and accruals
$438.5M
$407.0M
$390.4M
$454.5M
Accrued salaries, wages and management incentives
$130.7M
$124.0M
$135.8M
$112.7M
Accrued interest
$24.4M
$31.4M
$32.8M
$20.0M
Other current liabilities
$332.8M
$276.2M
$238.1M
$268.9M
Liabilities held for sale
$29.3M
—
—
—
Total current liabilities
$956.1M
$1.2B
$797.6M
$956.6M
Long-term debt
$4.4B
$4.9B
$3.9B
$3.9B
Deferred income taxes, net
$1.4B
$1.3B
$1.0B
$1.1B
Pension and other postretirement benefits
$64.2M
$75.2M
$83.6M
$82.2M
Asset retirement obligations
$456.5M
$427.4M
$324.1M
$311.3M
Deferred revenue
$130.6M
$137.8M
$145.3M
$159.8M
Noncurrent operating lease liabilities
$522.6M
$521.4M
$507.4M
$548.4M
Other noncurrent liabilities
$301.5M
$318.0M
$273.6M
$276.1M
Total liabilities
$8.2B
$9.0B
$7.0B
$7.3B
Common stock, $1 par value, Authorized 480.0 shares, Outstanding 130.6 and 132.1 shares, respectively
130.6M
132.1M
—
—
Capital in excess of par value
$2.9B
$2.9B
$2.9B
$2.8B
Retained earnings
$5.6B
$5.2B
$4.6B
$4.1B
Accumulated other comprehensive loss
($125.6M)
($127.4M)
($143.8M)
($154.7M)
Total shareholders' equity
$8.5B
$8.1B
$7.5B
$6.9B
Noncontrolling interest
$23.8M
$23.9M
$24.5M
$23.6M
Total equity
$8.5B
$8.1B
$7.5B
$7.0B
Total liabilities and equity
$16.7B
$17.1B
$14.5B
$14.2B
Vulcan Materials Co balance sheet, quarters
Line item
Jun 30, 2026
Mar 31, 2026
Sep 30, 2025
Jun 30, 2025
Cash and cash equivalents
$194.2M
$140.2M
$191.3M
$347.4M
Restricted cash
$94.5M
$3.5M
$3.9M
$3.6M
Accounts and notes receivable, net
$1.1B
$965.6M
$1.2B
$1.1B
Inventories
$688.7M
$695.8M
$687.1M
$725.5M
Other current assets
$86.3M
$79.1M
$104.0M
$88.1M
Assets held for sale
$0
$698.2M
$97.3M
—
Total current assets
$2.2B
$2.6B
$2.3B
$2.2B
Investments and long-term receivables
$174.0M
$33.7M
$33.6M
$32.9M
Property, plant & equipment, net
$8.2B
$8.1B
$8.4B
$8.3B
Operating lease right-of-use assets, net
$523.4M
$525.9M
$522.0M
$546.1M
Goodwill
$3.8B
$3.8B
$3.8B
$3.8B
Other intangible assets, net
$1.4B
$1.5B
$1.8B
$1.8B
Other noncurrent assets
$189.4M
$170.9M
$166.3M
$152.0M
Total assets
$16.4B
$16.7B
$17.0B
$17.0B
Current maturities of long-term debt
$400.0M
$0
$400.0K
$500.0K
Total short-term debt
$0
$197.0M
—
$550.0M
Trade payables and accruals
$382.3M
$398.8M
$422.6M
$383.5M
Other current liabilities
$449.0M
$374.0M
$556.2M
$407.9M
Liabilities held for sale
$0
$27.5M
$37.6M
—
Total current liabilities
$1.2B
$997.3M
$1.0B
$1.3B
Long-term debt
$4.0B
$4.4B
$4.4B
$4.4B
Deferred income taxes, net
$1.3B
$1.4B
$1.4B
$1.3B
Deferred revenue
$127.0M
$129.0M
$132.3M
$134.3M
Noncurrent operating lease liabilities
$521.2M
$525.8M
$506.2M
$536.1M
Other noncurrent liabilities
$819.1M
$820.0M
$813.8M
$849.9M
Total liabilities
$8.0B
$8.2B
$8.2B
$8.5B
Common stock, $1 par value, Authorized 480.0 shares, Outstanding 129.4 , 130.6 and 132.0 shares, respectively
129.4M
130.3M
132.0M
132.0M
Capital in excess of par value
$2.9B
$2.9B
$2.9B
$2.9B
Retained earnings
$5.5B
$5.5B
$5.8B
$5.5B
Accumulated other comprehensive loss
($122.7M)
($124.2M)
($123.1M)
($124.5M)
Total shareholders' equity
$8.5B
$8.5B
$8.7B
$8.4B
Noncontrolling interest
$23.9M
$24.4M
$22.9M
$22.8M
Total equity
$8.5B
$8.5B
$8.8B
$8.4B
Total liabilities and equity
$16.4B
$16.7B
$17.0B
$17.0B
Cash flow statement
Vulcan Materials Co cash flow statement, fiscal years
Line item
Dec 31, 2025 · FY
Dec 31, 2024 · FY
Dec 31, 2023 · FY
Dec 31, 2022 · FY
Net earnings
$1.1B
$913.1M
$934.9M
$576.5M
Depreciation, depletion, accretion and amortization
$748.5M
$632.2M
$617.0M
$587.5M
Noncash operating lease expense
$54.2M
$51.4M
$53.9M
$60.3M
Net gain on sale of property, plant & equipment and businesses
($52.4M)
($52.3M)
($76.4M)
($10.7M)
Loss on impairments
$0
$86.6M
$28.3M
$67.9M
Contributions to pension plans
($14.6M)
($8.7M)
($7.4M)
($7.8M)
Share-based compensation expense
$63.1M
$53.4M
$63.2M
$41.1M
Deferred income taxes, net
$26.1M
($9.4M)
($43.3M)
$57.7M
Accounts and notes receivable
$3.8M
$63.2M
$28.2M
($53.3M)
Inventories
($15.5M)
($27.4M)
($54.6M)
($49.5M)
Other assets
($51.7M)
($93.0M)
$27.8M
($101.8M)
Accrued interest and income taxes
($7.3M)
($6.8M)
$18.8M
$400.0K
Trade payables and other accruals
$75.7M
($193.0M)
($25.1M)
($17.4M)
Other noncurrent liabilities
($103.7M)
($20.4M)
($42.4M)
($36.4M)
Other, net
$8.7M
$20.7M
$13.9M
$24.2M
Net cash provided by operating activities
$1.8B
$1.4B
$1.5B
$1.1B
Purchases of property, plant & equipment
($677.7M)
($603.5M)
($872.6M)
($612.6M)
Proceeds from sale of property, plant & equipment
$24.1M
$54.7M
$94.6M
$38.7M
Proceeds from sale of businesses
$127.4M
$200.0K
$613.6M
$50.0M
Payment for businesses acquired, net of acquired cash and adjustments
($13.5M)
($2.3B)
$900.0K
($529.2M)
Other, net
$10.5M
($100.0K)
$0
$100.0K
Net cash used for investing activities
($529.2M)
($2.8B)
($163.5M)
($1.1B)
Proceeds from short-term debt
$0
$8.0M
$166.1M
$1.4B
Payment of short-term debt
($550.0M)
($8.0M)
($266.1M)
($1.3B)
Payment of current maturities and long-term debt
($400.5M)
($550.5M)
($550.5M)
($557.7M)
Proceeds from issuance of long-term debt
$0
$2.0B
$550.0M
$550.0M
Debt issuance and exchange costs
$0
($31.6M)
($3.4M)
($2.8M)
Payment of finance leases
($10.9M)
($13.0M)
($30.8M)
($33.8M)
Purchases of common stock
($438.4M)
($68.8M)
($200.0M)
$0
Dividends paid
($259.8M)
($244.4M)
($228.4M)
($212.6M)
Share-based compensation, shares withheld for taxes
-34.0M
-33.0M
-21.9M
-18.5M
Distribution to noncontrolling interest
($1.5M)
($1.8M)
($800.0K)
—
Other, net
($100.0K)
$0
$200.0K
$200.0K
Net cash provided by (used for) financing activities
($1.7B)
$1.1B
($585.6M)
($175.2M)
Net increase (decrease) in cash and cash equivalents and restricted cash
($411.4M)
($348.4M)
$787.7M
($80.0M)
Cash and cash equivalents and restricted cash at beginning of year
$600.8M
$949.2M
$161.5M
$241.5M
Cash and cash equivalents and restricted cash at end of year
$189.4M
$600.8M
$949.2M
$161.5M
Vulcan Materials Co cash flow statement, quarters
Line item
Jun 30, 2026 · YTD
Mar 31, 2026 · Q1
Sep 30, 2025 · YTD
Jun 30, 2025 · YTD
Net earnings
$490.3M
$166.0M
$825.3M
$450.2M
Depreciation, depletion, accretion and amortization
$347.8M
$170.3M
$563.2M
$371.8M
Noncash operating lease expense
$26.9M
$13.5M
$40.1M
$26.7M
Net (gain) loss on sale of property, plant & equipment and businesses
$11.6M
$300.0K
($9.2M)
($8.6M)
Contributions to pension plans
($4.2M)
($800.0K)
($13.8M)
($3.4M)
Share-based compensation expense
$24.7M
$15.5M
$49.9M
$33.0M
Deferred income taxes, net
($68.2M)
$3.3M
$56.5M
($11.3M)
Changes in assets and liabilities before initial effects of business acquisitions and dispositions
($254.1M)
($130.5M)
($256.3M)
($273.0M)
Other, net
$9.8M
$3.5M
$14.3M
$7.8M
Net cash provided by operating activities
$584.6M
$241.1M
$1.3B
$593.2M
Purchases of property, plant & equipment
($370.4M)
($176.5M)
($492.9M)
($270.9M)
Proceeds from sale of property, plant & equipment
$18.1M
$1.6M
$23.0M
$19.2M
Proceeds from sale of businesses
$572.1M
$0
$19.0M
$19.0M
Payment for businesses acquired, net of acquired cash
($75.0M)
$0
($8.5M)
($5.2M)
Net cash provided by (used for) investing activities
$144.8M
($174.9M)
($450.9M)
($236.9M)
Payment of short-term debt and other financing obligations
($50.0M)
($50.0M)
($550.0M)
$0
Payment of current maturities and long-term debt
($300.0K)
($400.0K)
($400.5M)
($400.4M)
Payment of finance leases
($4.9M)
($3.3M)
($8.5M)
($5.8M)
Purchases of common stock
($399.8M)
($149.5M)
($38.1M)
($38.1M)
Dividends paid
($135.4M)
($67.9M)
($195.4M)
($130.7M)
Share-based compensation, shares withheld for taxes
-38.3M
-37.8M
-30.5M
-29.3M
Distribution to noncontrolling interest
($1.4M)
—
($1.5M)
($1.5M)
Other, net
$0
$0
$8.5M
$1.0M
Net cash used for financing activities
($630.1M)
($111.9M)
($1.2B)
($606.1M)
Net increase (decrease) in cash and cash equivalents and restricted cash
$99.3M
($45.7M)
($405.6M)
($249.8M)
Cash and cash equivalents and restricted cash at beginning of year
$189.4M
$189.4M
$600.8M
$600.8M
Cash and cash equivalents and restricted cash at end of period