MLM Misses Q4 Revenue, Shares Drop 5.2% After Earnings

Martin Marietta Materials (NYSE:MLM) reported Q4 CY2025 revenue of $1.53B, 6% below year-end, missing Wall Street estimates and sending its shares down 5.2% to $671.08. Full-year guidance of $6.6B is 11% below consensus, and GAAP EPS of $4.62 per share is 7.2% below estimates. Over five years, the company grew sales at 6.7% CAGR and EPS at 10.2% CAGR, with an average operating margin of 21.1%. However, the latest quarter saw an operating margin contraction to 22.2% from 24.4%, reflecting higher SG&A and a 3.2% share count reduction. Sales guidance for 2026 implies 9.6% revenue growth and 17.3% EPS expansion, up from 1.7% annualized declines in the prior two years. The housing and nonresidential start metrics remained roughly 20% below post-pandemic peaks, tempering near-term outlooks.