Martin Marietta, which reported its latest quarterly results Wednesday, set a pair of fourth-quarter records in its building materials business.
Martin Marietta says the $1.4 billion in revenue it achieved alongside $443 million in gross profit were new fourth-quarter highs.
In aggregates, fourth-quarter shipments increased 2 percent to 48.9 million tons. The company says the increase reflects strong infrastructure and nonresidential construction activity, favorable weather across the company’s footprint, and contributions from acquisitions.
Additionally, Martin Marietta’s average selling price in aggregates increased 5.3 percent to $23.11 per ton.
Martin Marietta’s gross profit tied to aggregates increased 11 percent to a fourth-quarter record of $420 million, with strong pricing and increased shipments more than offsetting higher costs. Also, gross profit per ton in aggregates was up 9 percent to $8.59, while gross margin in aggregates expanded 93 basis points to 34 percent.
Across all of 2025, Martin Marietta reports that revenue increased (up 9 percent) along with gross profit (up 16 percent) and adjusted EBITDA from continuing operations (up 17 percent).
“2025 was another year of strong growth for Martin Marietta,” says Ward Nye, chair, president and CEO of Martin Marietta. “Our aggregates business once again delivered record profitability and meaningful margin expansion, reflecting strong strategic and commercial discipline and a consistent focus on what we can control. Our highly complementary specialties business also achieved record revenues and gross profit, underscoring its differentiated value and strategic importance within our portfolio.
“Notably,” Nye adds, “we delivered these results despite single-family housing and nonresidential square footage starts – the two macro indicators most highly correlated with aggregates demand – remaining approximately 20 percent below their post-COVID peaks. Importantly, our heritage operations recorded their safest year ever, as measured by total reportable incidents, reinforcing that world-class safety remains the foundation of our long-term financial strength.”
According to Nye, Martin Marietta remains confident in the long-term demand drivers of its business.
“Our 2026 shipment guidance of low single-digit improvement reflects a balanced macro environment, in which we expect robust infrastructure investment and accelerating momentum in data centers and energy to offset continued softness in private nonresidential and residential construction,” Nye says.
In its fourth-quarter report, Martin Marietta also noted that it acquired aggregate and asphalt assets in Minnesota from CRH. The bolt-on assets, which include about 40 million tons of aggregate reserves, expand Martin Martin’s footprint in the Minneapolis, St. Paul and St. Cloud markets.
Related: Cemex reports lower US sales, higher EBITDA in fourth quarter
