Martin Marietta Materials Inc (MLM)
Return on total capital
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings before interest and tax (EBIT) (ttm) | US$ in thousands | 1,415,000 | 1,373,400 | 1,458,300 | 1,536,300 | 1,636,500 | 1,546,700 | 1,375,700 | 1,231,700 | 1,085,800 | 1,059,900 | 1,020,000 | 991,500 | 1,031,000 | 1,018,600 | 982,600 | 985,100 | 939,400 | 893,106 | 906,330 | 879,030 |
| Long-term debt | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| 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 |
| Return on total capital | 14.96% | 14.98% | 16.50% | 17.31% | 20.37% | 19.82% | 18.53% | 17.16% | 15.14% | 15.28% | 15.07% | 15.42% | 15.77% | 16.03% | 16.04% | 16.62% | 15.94% | 15.52% | 16.51% | 16.60% |
December 31, 2024 calculation
Return on total capital = EBIT (ttm) ÷ (Long-term debt + Total stockholders’ equity)
= $1,415,000K ÷ ($—K + $9,456,000K)
= 14.96%
Martin Marietta Materials Inc's return on total capital has shown some fluctuations over the reporting periods, ranging from a low of 14.96% in December 2024 to a high of 20.37% in December 2023. The company's return on total capital was relatively stable in 2020 and 2021, hovering around the mid-15% range.
However, there was a notable improvement in the return on total capital in the first half of 2023, reaching a peak of 18.53% in June 2023 and further increasing to 20.37% by the end of December 2023. This significant increase indicates that the company was able to generate higher returns relative to its total capital invested during that period.
The return on total capital declined in the following periods, dropping to 14.96% in December 2024. This decrease could be attributed to various factors such as changes in the company's capital structure, operational efficiency, or market conditions.
Overall, Martin Marietta Materials Inc's return on total capital has shown variability over the reporting periods, highlighting the importance of closely monitoring and analyzing this metric to assess the company's profitability and efficiency in utilizing its total capital resources.
Peer comparison
Dec 31, 2024