Vulcan Materials Company (VMC)
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 | 25.04% | 23.78% | 22.79% | 21.43% | 21.30% | 21.69% | 22.07% | 23.45% | 24.74% | 25.87% | 26.68% | 26.85% | 26.39% | 26.13% | 25.96% | 25.41% | 25.48% | 25.63% | 25.38% | 25.05% |
| Operating profit margin | 18.34% | 16.26% | 14.97% | 13.36% | 13.01% | 13.51% | 14.03% | 15.08% | 18.21% | 19.45% | 20.79% | 21.18% | 18.44% | 18.34% | 18.25% | 17.77% | 17.80% | 18.02% | 17.54% | 17.04% |
| Pretax margin | 15.84% | 13.65% | 12.46% | 10.72% | 10.51% | 10.98% | 11.46% | 12.62% | 15.68% | 16.45% | 17.71% | 18.23% | 15.24% | 15.72% | 15.62% | 15.08% | 15.27% | 15.36% | 14.89% | 14.30% |
| Net profit margin | 11.99% | 10.75% | 9.57% | 8.14% | 7.87% | 8.26% | 8.97% | 9.99% | 12.08% | 12.64% | 13.64% | 14.05% | 12.03% | 12.55% | 12.60% | 12.34% | 12.53% | 12.43% | 12.12% | 11.63% |
Vulcan Materials Co has shown a consistent improvement in its profitability ratios over the quarters. The gross profit margin, which measures the percentage of revenue remaining after subtracting the cost of goods sold, has increased steadily from 21.29% in Q4 2022 to 25.04% in Q4 2023. This indicates the company has been able to control its costs effectively and improve its pricing strategy.
The operating profit margin, which shows the proportion of revenue that is left after subtracting operating expenses, has also shown a positive trend, increasing from 13.79% in Q4 2022 to 17.72% in Q4 2023. This demonstrates improvements in operational efficiency and cost management.
Similarly, the pretax margin, which reflects the company's profitability after accounting for all expenses except for taxes, has been on an upward trajectory, rising from 10.77% in Q4 2022 to 16.00% in Q4 2023. This suggests that Vulcan Materials Co has been able to increase its profitability before tax expenses through better cost-control measures and revenue management.
Lastly, the net profit margin, indicating the percentage of revenue that remains as profit after all expenses have been deducted, has shown consistent growth from 7.87% in Q4 2022 to 11.99% in Q4 2023. This improvement highlights the company's ability to generate more profits from its operations while effectively managing costs.
Overall, Vulcan Materials Co's profitability ratios have been on an upward trend, showcasing its strong financial performance and efficient management of resources across the quarters.
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) | 9.81% | 8.54% | 7.92% | 7.04% | 6.68% | 6.65% | 6.55% | 6.55% | 7.39% | 7.28% | 8.83% | 9.11% | 7.66% | 7.70% | 7.97% | 8.33% | 8.24% | 8.26% | 7.79% | 7.49% |
| Return on assets (ROA) | 6.42% | 5.64% | 5.06% | 4.29% | 4.04% | 4.06% | 4.19% | 4.34% | 4.90% | 4.73% | 5.79% | 6.04% | 5.00% | 5.27% | 5.50% | 5.78% | 5.80% | 5.70% | 5.38% | 5.11% |
| Return on total capital | 12.56% | 11.04% | 10.25% | 9.13% | 8.81% | 9.05% | 8.76% | 8.69% | 9.70% | 9.67% | 11.27% | 11.59% | 10.18% | 10.26% | 10.62% | 10.57% | 10.44% | 10.45% | 10.01% | 9.64% |
| Return on equity (ROE) | 12.47% | 11.09% | 10.08% | 8.65% | 8.31% | 8.67% | 8.84% | 9.15% | 10.25% | 10.07% | 10.65% | 11.16% | 9.70% | 10.31% | 10.88% | 10.99% | 10.99% | 10.84% | 10.50% | 10.08% |
Vulcan Materials Co's profitability ratios have shown a positive trend over the quarters, indicating improving financial performance.
Operating return on assets (Operating ROA) has been consistently increasing from 7.09% in Q4 2022 to 9.48% in Q4 2023, reflecting the company's ability to generate profits from its assets through operations. This indicates efficient utilization of assets to generate operating income.
Return on assets (ROA) has also displayed a steady improvement, rising from 4.04% in Q4 2022 to 6.42% in Q4 2023. This metric signifies the company's overall ability to generate profit from its assets, including both operating and non-operating activities.
Return on total capital has shown a similar positive trajectory, increasing from 9.25% in Q4 2022 to 12.14% in Q4 2023. This metric reflects the company's ability to generate profit from its total invested capital, including equity and debt.
Return on equity (ROE) has also demonstrated consistent growth, climbing from 8.31% in Q4 2022 to 12.47% in Q4 2023. This metric indicates the profitability of the company from the perspective of shareholders' equity, showcasing an increasing return on the owners' investment.
Overall, the improving profitability ratios of Vulcan Materials Co suggest efficient management of assets, capital, and equity, leading to enhanced profitability and value creation for shareholders over the analyzed quarters.