Martin Marietta

What Martin Marietta does

Martin Marietta Materials, Inc. (NYSE: MLM) is an S&P 500 aggregates-led heavy building materials producer headquartered in Raleigh, North Carolina, operating 500+ facilities across 29 U.S. states, Canada, and The Bahamas. The company manufactures and distributes crushed stone, sand, and gravel aggregates — products that are heavy, low unit-cost, and transportation-cost-sensitive — alongside complementary downstream offerings including hot-mix, warm-mix, and cold-mix asphalt with full-service paving; ready-mixed concrete in commercial, institutional, residential, and specialty formulations; and high-purity magnesia-based specialty products via its Magnesia Specialties division. Customers include state and federal departments of transportation, hyperscale data center developers, energy project contractors, commercial/institutional builders, and residential contractors, with no individually named anchor customers representing outsized share.

The business model is primarily transaction-based unit pricing (average selling price of $23.30 per ton for aggregates in 2025) executed through direct facility sales, regional division offices (East, Central, Southwest, West), and project-specific supply arrangements. The go-to-market combines local field sales at each facility with enterprise-level pursuit of large infrastructure, data center, and energy projects supported by a facility-locator website, the eRocks online ordering platform, and an interactive product calculator. Aggregates now account for approximately 90% of profits following the 2026 Quikrete asset exchange that divested the last cement plant, marking the company as a near-pure-play aggregates operator under its SOAR 2030 strategy. FY2025 revenue was $6.150 billion (+9% year-over-year) with FY2026 guidance of $7.0-7.32 billion and a 2029 target of $8.2 billion in revenue and $1.7 billion in earnings, supported by record aggregates shipments, programmatic M&A, and infrastructure spending tailwinds from the IIJA and hyperscaler data center capex.

Name

Martin Marietta

Legal name

Martin Marietta, Inc.

Website

https://martinmarietta.com

Company type

Public

Founded year

1939

Operating status

Operating

Headcount range

5,001–10,000 employees

Short description

Martin Marietta Materials is an S&P 500 heavy building materials producer operating 500+ facilities across 29 U.S. states, Canada, and The Bahamas. It supplies crushed stone, sand, gravel aggregates (approximately 90% of profits), plus asphalt, ready-mixed concrete, and magnesia specialty products to government infrastructure, data center, energy, and construction customers.

Ownership category

akta.pro rank

Product category

Construction Aggregates & Building Materials

NAICS

Cement and Concrete Product Manufacturing (3273), Asphalt Paving, Roofing, and Saturated Materials Manufacturing (32412), Other Concrete Product Manufacturing (327390)

SIC

Asphalt Paving & Roofing Materials (2950), Concrete, Gypsum & Plaster Products (3270)

akta.pro primary industry

Construction Aggregates Mining & Processing (Sand, Gravel, Crushed Stone) (IMADAAAI)

akta.pro secondary industries

Sand & Gravel Extraction & Processing (IMAKAHAB), Industrial Sand (Silica Sand for Foundry, Glass & Industrial Uses) (IMAKAHAK)

Keywords

• Construction aggregates
• Crushed stone supply
• Ready-mixed concrete
• Asphalt paving products
• Building materials distribution

Headquarters

HQ city

Raleigh

HQ country

United States

HQ region

North America

Offices6 records

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

Supply Chain, Operations, Personnel, Infrastructure, Marketing or Sales

Revenue model

1. Aggregates: Core revenue driver - crushed stone, sand, and gravel sold to construction projects. Q1 2026 record aggregates shipments of 43.9 million tons. The company completed QUIKRETE asset exchange adding approximately 20 million tons of annual aggregates capacity.
2. Ready-Mixed Concrete: Transported and poured at project sites, batched specifically for each customer's construction project. Serves residential foundations to large-scale commercial and infrastructure projects.
3. Asphalt and Paving: Hot-mix, warm-mix, and cold-mix asphalt products along with paving services for federal, military, state DOT, city/county, and private construction projects.
4. Specialty Products: High-purity magnesia-based products and dolomitic lime used in environmental, industrial, agricultural, and specialty applications. The Magnesia Specialties business operates the Manistee, Michigan facility.

Pricing tiers

Go-to-market motion3 records

Distribution channels3 records

Marketing channels4 records

Core offering

Martin Marietta manufactures and supplies heavy building materials including aggregates (crushed stone, sand, gravel), asphalt (hot-mix, warm-mix, cold-mix), ready-mixed concrete, and specialty magnesia-based products. The company operates over 500 facilities across 29 U.S. states, Canada, and The Bahamas, serving infrastructure, commercial, residential, data center, and energy construction projects of all sizes.

Product overview

Martin Marietta is a single, unified building materials portfolio rather than a platform-plus-modules architecture. The company operates as a leading supplier of aggregates and heavy building materials, organized around four core product lines: Aggregates (including fine, base, coarse, and rip rap aggregates plus specialty aggregates), Asphalt (cold-mix, warm-mix, hot-mixed asphalt, and paving services), Ready-Mixed Concrete (commercial, residential, road/bridge, and specialty concrete), and Specialty Products (high-purity magnesia-based products via Magnesia Specialties). These products are distributed through a network of over 500 facilities across 29 states, Canada, and The Bahamas, supported by digital tools including a Product Calculator and the eRocks ordering platform.

Differentiator

Problem solved

Functional benefit

Brands

• eRocks: Online platform for aggregates ordering and management

Products and services

• Aggregates

Quantifiable outcome

• 17% year-over-year revenue growth in Q1 2026
• +4 more outcomes

Named customers5 records

Segments5 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Partnerships

Seven partnerships are on record, tiered core and minor.

• Quikrete Holdings, Inc.coreStrategic or Co-development Partner · 23 February 2026Completed asset exchange on February 23, 2026. Martin Marietta acquired aggregates operations producing approximately 20 million tons annually in Virginia, Missouri, Kansas, and Vancouver, British Columbia, along with $450 million in cash. In return, Quikrete received Martin Marietta's Midlothian cement plant, related cement terminals, Texas ready-mixed concrete assets and certain nonoperating land. This is the largest aggregates acquisition in Martin Marietta's history and completes the SOAR 2025 plan.
• New Frontier MaterialscoreStrategic or Co-development Partner · 23 February 2026Martin Marietta entered a definitive agreement to acquire New Frontier Materials (approximately 8 million tons of annual aggregates output) in the Central Division, expected to close in H2 2026 subject to regulatory approvals.
• Premier Magnesia, LLCcoreStrategic or Co-development Partner · 11 August 2025Martin Marietta completed the acquisition of Premier Magnesia, LLC, strengthening its magnesia-based products business in the United States and enhancing its Specialties segment portfolio.
• National Stone, Sand & Gravel Association (NSSGA)minorOthersIndustry trade association membership. Martin Marietta's CEO Ward Nye is a past Chairman of NSSGA. The company participates in NSSGA's Legal Affairs Committee and Legal Task Force. Annual membership dues of $393,699.
• Portland Cement AssociationminorOthersIndustry trade association membership. The Portland Cement Association has adopted a Roadmap to Carbon Neutrality for the cement and concrete industry. Annual membership dues of $416,371.
• American Road and Transportation Builders Association (ARTBA)minorOthersIndustry trade association focused on transportation infrastructure. Martin Marietta's CEO Ward Nye is a past Chairman of ARTBA. Annual membership dues of $325,000.
• U.S. Chamber of CommerceminorOthersNational business federation membership. The Chamber has published positions on climate change acknowledging the Paris Agreement and supporting member companies in developing lower-carbon solutions. Annual membership dues of $150,000.

Scale indicators13 records

Recent moves8 records

Expansion highlights6 records

Direct peers

• Vulcan Materials Company: Vulcan Materials is the largest U.S. producer of construction aggregates and Martin Marietta's closest direct competitor, operating a similar network of quarries serving infrastructure, residential, and non-residential construction markets. Both companies are publicly traded pure-play aggregates platforms competing in overlapping geographies across the U.S. Sun Belt and Southeast.
• CRH plc: CRH is a global building materials leader with significant U.S. aggregates, asphalt, and ready-mixed concrete operations, making it a direct competitor to Martin Marietta in North America. Its broader geographic and product diversification overlaps heavily with Martin Marietta's aggregates-heavy portfolio.
• Summit Materials: Summit Materials produces aggregates, cement, and ready-mixed concrete across the U.S., with a focus on economically attractive, high-growth metropolitan areas. It competes head-to-head with Martin Marietta in several regional markets and has a similar vertical integration strategy across heavy building materials.

Broad incumbents

• Holcim Ltd: Holcim is one of the world's largest building materials producers with global aggregates, cement, and ready-mix operations, including a meaningful U.S. presence. While its portfolio is much more diversified than Martin Marietta's, it competes directly in U.S. aggregates and concrete markets and pursues similar M&A-led growth strategies.
• Heidelberg Materials: Heidelberg Materials is a major global cement and aggregates producer with North American operations competing with Martin Marietta in aggregates and downstream concrete products. Its broader portfolio across cement, aggregates, and ready-mixed concrete places it in direct competition in several Martin Marietta markets.
• Cemex S.A.B. de C.V. Cemex is a global building materials leader with significant U.S. cement, aggregates, and ready-mixed concrete operations. Its U.S. aggregates footprint competes with Martin Marietta across the Sun Belt and Southeast, though Cemex remains more weighted to cement than Martin Marietta.

Others

• Quikrete Holdings, Inc. Quikrete completed a major asset exchange with Martin Marietta in February 2026, acquiring the Midlothian cement plant and Texas ready-mix assets in exchange for ~20 million tons of aggregates capacity. It is a major North American concrete and cement producer and a strategic counterparty to Martin Marietta.

Emerging players

• Eagle Materials Inc. Eagle Materials produces cement, gypsum wallboard, and concrete products across the U.S. Although more focused on cement and wallboard than aggregates, it competes with Martin Marietta in select cement and concrete end markets and shares similar U.S. heavy-side materials exposure.

Regional players

• Granite Construction Incorporated: Granite Construction is a major U.S. infrastructure contractor and vertically integrated aggregates producer. While its primary business is construction services, its in-house aggregates operations overlap with Martin Marietta's customer base and compete for certain project supply opportunities, particularly in the western U.S.
• Boral Limited: Boral is an Australian-headquartered building materials and construction products company with North American aggregates and asphalt operations. While it does not directly compete with Martin Marietta in Australia, its U.S. asphalt and aggregate assets overlap with Martin Marietta's footprint, particularly in the Southeast and Southwest.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xx.com/martinmarietta
• Facebookfacebook.com/Martin-Marietta-131837720194447
• LinkedInlinkedin.com/company/martin-marietta-materials

Revenue estimate

Valuation estimate

Number of profiles

Profiles14 records

Subsidiaries1 record

Funding overview

Funding rounds3 records

Investors1 record

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A8 records

Investments1 record

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Martin Marietta