Martin Marietta Materials Inc (MLM)
Return on equity (ROE)
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income (ttm) | US$ in thousands | 1,996,000 | 1,984,500 | 2,038,200 | 2,092,200 | 1,168,200 | 1,069,300 | 947,900 | 966,400 | 866,800 | 840,000 | 799,300 | 658,400 | 702,200 | 728,300 | 767,800 | 759,600 | 720,300 | 668,385 | 622,585 | 594,285 |
| Total stockholders’ equity | US$ in thousands | 9,456,000 | 9,169,000 | 8,838,000 | 8,875,000 | 8,033,200 | 7,804,800 | 7,423,400 | 7,177,500 | 7,172,800 | 6,935,700 | 6,770,000 | 6,428,900 | 6,537,600 | 6,355,900 | 6,125,900 | 5,926,700 | 5,893,300 | 5,756,400 | 5,491,100 | 5,296,900 |
| ROE | 21.11% | 21.64% | 23.06% | 23.57% | 14.54% | 13.70% | 12.77% | 13.46% | 12.08% | 12.11% | 11.81% | 10.24% | 10.74% | 11.46% | 12.53% | 12.82% | 12.22% | 11.61% | 11.34% | 11.22% |
December 31, 2024 calculation
ROE = Net income (ttm) ÷ Total stockholders’ equity
= $1,996,000K ÷ $9,456,000K
= 21.11%
Martin Marietta Materials Inc's return on equity (ROE) has shown fluctuating trends over the past few years. The ROE increased from 11.22% in March 2020 to a peak of 23.57% in March 2024, indicating improved profitability in utilizing shareholders' equity to generate earnings.
However, there were periods of decline in ROE, such as the decrease from 12.82% in March 2021 to 10.74% in December 2021, followed by a gradual recovery to 14.54% in December 2023. This suggests some volatility in the company's financial performance during these periods.
As of December 31, 2024, the ROE stood at 21.11%, reflecting a strong performance compared to the previous year-end. Overall, the recent upward trend in ROE indicates that Martin Marietta Materials Inc has been effectively leveraging its equity to generate higher returns for shareholders.
Peer comparison
Dec 31, 2024