Martin Marietta Materials Inc (MLM)
Profitability ratios
Return on sales
| Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross profit margin | 30.59% | 29.23% | 27.10% | 25.68% | 23.74% | 23.56% | 23.81% | 24.16% | 25.58% | 26.68% | 27.13% | 27.67% | 27.15% | 26.18% | 25.99% | 25.44% | 25.57% | 25.18% | 23.88% | 23.35% |
| Operating profit margin | 24.14% | 22.98% | 21.10% | 21.97% | 20.13% | 19.21% | 19.21% | 16.97% | 18.48% | 20.19% | 22.04% | 22.54% | 21.79% | 20.96% | 19.33% | 18.86% | 19.19% | 18.59% | 17.06% | 16.85% |
| Pretax margin | 22.10% | 20.88% | 19.08% | 20.14% | 18.38% | 17.32% | 17.11% | 14.57% | 16.24% | 18.01% | 20.05% | 20.33% | 19.27% | 18.48% | 16.78% | 15.90% | 16.23% | 15.53% | 13.84% | 14.05% |
| Net profit margin | 17.68% | 16.52% | 15.07% | 15.81% | 14.46% | 13.98% | 13.89% | 11.96% | 13.33% | 14.65% | 16.16% | 16.37% | 15.62% | 14.77% | 13.47% | 12.85% | 13.27% | 12.62% | 11.64% | 11.75% |
Martin Marietta Materials, Inc. has shown a consistent improvement in its profitability ratios over the quarters. The gross profit margin has been steadily increasing, reaching 29.84% in Q4 2023 from 23.10% in Q4 2022. This indicates the company's ability to generate more revenue relative to its cost of goods sold.
The operating profit margin also reflects positive trends, with a gradual increase over the quarters, demonstrating efficient management of operating expenses. The company's ability to control costs and improve operational efficiency is evident from this metric.
Moreover, the pretax margin and net profit margin have also shown improvement, indicating the company's overall profitability and effective tax management. The pretax margin increased from 14.20% in Q1 2022 to 22.03% in Q4 2023, reflecting enhanced profitability before accounting for taxes.
The consistent positive trend in profitability ratios signifies Martin Marietta Materials, Inc.'s strong financial performance and effective management, which bodes well for the company's future growth and success.
Return on investment
| Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating return on assets (Operating ROA) | 10.55% | 9.98% | 8.71% | 9.02% | 8.05% | 7.84% | 7.60% | 6.56% | 6.77% | 7.28% | 9.34% | 9.82% | 9.50% | 9.10% | 8.74% | 8.32% | 8.73% | 8.29% | 7.31% | 7.17% |
| Return on assets (ROA) | 7.73% | 7.17% | 6.22% | 6.49% | 5.78% | 5.70% | 5.50% | 4.62% | 4.88% | 5.29% | 6.85% | 7.13% | 6.81% | 6.41% | 6.09% | 5.66% | 6.04% | 5.63% | 4.99% | 5.00% |
| Return on total capital | 13.58% | 12.94% | 11.65% | 12.17% | 11.04% | 10.73% | 9.78% | 8.30% | 8.58% | 8.94% | 12.18% | 12.40% | 11.83% | 11.42% | 11.09% | 10.89% | 11.27% | 10.46% | 9.43% | 9.47% |
| Return on equity (ROE) | 14.55% | 13.71% | 12.78% | 13.47% | 12.09% | 12.11% | 11.81% | 10.24% | 10.75% | 11.46% | 12.55% | 12.83% | 12.24% | 11.62% | 11.35% | 11.23% | 11.44% | 10.85% | 9.95% | 10.11% |
Martin Marietta Materials, Inc. has shown a consistent improvement in profitability ratios over the past quarters. The Operating Return on Assets (Operating ROA) has been gradually increasing from 8.11% in Q4 2022 to 10.63% in Q4 2023, indicating that the company is generating more operating income from its assets.
The Return on Assets (ROA) has also displayed an upward trend, rising from 5.78% in Q4 2022 to 7.73% in Q4 2023. This suggests that Martin Marietta Materials is becoming more efficient in generating profits from its total assets.
Similarly, the Return on Total Capital has consistently improved from 9.96% in Q4 2022 to 12.99% in Q4 2023, indicating that the company is effectively utilizing its total capital to generate returns for its investors.
Lastly, the Return on Equity (ROE) has shown a steady increase from 10.24% in Q1 2022 to 14.56% in Q4 2023. This signifies that Martin Marietta Materials is delivering higher returns to its shareholders relative to their equity investment.
Overall, the positive trend in profitability ratios reflects the company's ability to efficiently manage its assets, capital, and equity to create value for its stakeholders.