Income StatementBalance SheetCash FlowSegments
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Vulcan Materials Company Business Segments

Business, geographic, and product segment breakdowns

Vulcan Materials Company generates $8.1B in annual revenue across 3 key segments: Aggregates ($2.0B), Asphalt ($181.4M), and Concrete ($42.9M). The company-wide operating margin is 20.57%. Based on the Q1 2026 filing.

Aggregates (TTM)$2.0BAsphalt (TTM)$181.4MConcrete (TTM)$42.9M
Latest FilingQ1 2026
Report Date2026-04-29
Market Cap$36.7B
P/E Ratio32.97
ROE13.43%

Products & Services

Number of states in which segments serve

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Asphalt Construction Paving0.750.500.500.500.50—

Revenue from unsatisfied performance obligations

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Construction Paving$159.0M$229.9M$320.4M$293.8M$189.1M$204.2M

Total revenues

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Total Revenues Excluding Freight & Delivery$1.6B$1.4B$1.8B$2.0B$1.7B$1.5B
Freight & Delivery Revenues-$246.5M-$219.8M-$260.2M-$283.3M-$245.0M-$238.7M
Service$80.7M$44.8M$87.9M$104.7M$76.3M$43.7M

Percent of total revenues (as percent)

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Service0.2%2.7%4.2%4.6%0.1%2.5%

Geographic

Additional tax expense

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Alabama$1.3M———$200.0K—

Expected additional tax expense

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Alabama—$1.0M$700.0K$700.0K—$800.0K

Net operating loss carryforwards, valuation allowance

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Alabama$50.8M$42.7M$42.7M$42.7M$42.7M$32.4M

Operating loss carryforwards, expired

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Alabama$1.2M$2.1M$2.1M$2.1M$2.1M—

State net operating loss carryforwards

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Alabama$68.5M———$57.6M—

Total revenues

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Gulf Coast revenues$839.3M$792.6M$946.1M$1.1B$864.6M$877.9M
West revenues$490.4M$438.5M$625.3M$664.8M$569.0M$506.1M
East revenues$633.3M$490.5M$667.7M$727.6M$598.2M$469.8M
United States$1.9B$2.0B$2.0B$2.0B$2.0B—

Increase (decrease) in valuation allowance

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Mexico$25.0K$2.5M$2.5M$2.5M$2.5M—

Valuation allowance

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Mexico$27.5M———$37.3M—

Long-Lived Assets

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Nondomestic$501.4M———$440.0M—

Gain (Loss) on sale of property, plant & equipment and businesses

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Texas————$42.4M—

Business Segments

Total Assets

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Aggregates$14.3B$14.4B$14.4B$14.5B$14.4B$14.4B
Concrete$1.1B$1.0B$1.0B$977.1M$1.0B$1.0B
Asphalt$805.7M$815.0M$830.6M$877.5M$718.9M$733.8M

Capital Expenditures

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Aggregates$217.4M$91.2M$88.3M$214.9M$227.7M$73.4M
Asphalt$13.3M$5.1M$8.9M$6.5M$16.9M$6.0M
Concrete$4.5M$6.8M$100.0K$600.0K$7.7M$1.9M

Cost of Product and Service Sold

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Aggregates$876.6M$891.6M$953.4M$1.0B$964.7M$952.3M
Asphalt$280.9M$203.9M$311.7M$345.1M$259.7M$203.6M
Concrete$159.0M$173.8M$212.1M$223.4M$201.3M$177.3M

Depreciation, depletion, accretion and amortization

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Aggregates$133.9M$150.4M$144.3M$153.6M$155.3M$145.9M
Asphalt$12.2M$12.0M$14.0M$12.9M$10.8M$11.2M
Concrete$10.6M$15.4M$19.0M$16.5M$11.1M$4.0M

Equity Method Investments

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Aggregates$26.6M———$26.6M—

Goodwill

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Aggregates$3.7B$3.7B$3.7B$3.7B$3.7B$3.7B
Asphalt$91.6M$91.6M$91.6M$91.6M$91.6M$91.6M
Concrete$23.3M$23.3M$23.3M$23.3M$23.3M$23.3M

Goodwill of acquired businesses

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Aggregates-$347.9M$27.5M$16.8M$7.7M-$58.6M$0.0
Asphalt$0.0$0.0$0.0$0.0$0.0$0.0
Concrete$0.0$0.0$0.0$0.0$0.0$0.0

Goodwill, Written off Related to Sale of Business Unit

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Aggregates—$600.0K———$0.0
Asphalt—$0.0$0.0$0.0$0.0$0.0
Concrete—$0.0$0.0$0.0$0.0$0.0

Gross Profit

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Aggregates$486.4M$357.3M$559.5M$612.1M$435.8M$400.3M
Asphalt$46.2M$4.8M$57.2M$71.0M$41.0M$12.2M
Concrete$4.6M$3.2M$8.5M$14.1M$10.1M$10.2M

Percent of shipments used for publicly funded construction (as percent)

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Aggregates—55.0%———55.0%

Total revenues

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Aggregates$1.5B$1.3B$1.6B$1.8B$1.5B$1.5B
Asphalt$327.1M$208.7M$368.9M$416.1M$300.7M$215.8M
Concrete$163.6M$177.0M$220.6M$237.5M$211.4M$187.5M

Number of states in which segments serve

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Asphalt1.501.501.501.501.50—
Concrete0.750.750.750.750.75—

Percentage of product weight attributable to aggregates (as percent)

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Asphalt23.8%23.8%23.8%23.8%23.8%—
Concrete20.0%20.0%20.0%20.0%20.0%—

Goodwill, accumulated impairment losses

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Concrete$137.5M$137.5M$137.5M$137.5M$137.5M$137.5M