Edwyn
| Metric | 2020 | 2021 | 2022 | 2023 | 2024 |
|---|---|---|---|---|---|
| Revenue | $4,730 | $5,414 | $6,161 | $6,777 | $6,536 |
| Gross Profit | $1,253 | $1,348 | $1,423 | $2,023 | $1,878 |
| Operating Income | $1,005 | $974 | $1,207 | $1,596 | $2,707 |
| Net Income | $721 | $703 | $867 | $1,169 | $1,995 |
Over the past five years, Martin Marietta Materials has demonstrated solid financial performance with generally increasing revenue and profitability until 2023, followed by a slight revenue decline in 2024. Revenues grew from approximately USD 4.73 billion in 2020 to a peak of USD 6.78 billion in 2023 before dipping to USD 6.54 billion in 2024. Gross profit also trended upward over the period, rising from USD 1.25 billion in 2020 to over USD 2.02 billion in 2023, though it declined slightly to USD 1.88 billion in 2024. The reduction in revenue and gross profit in 2024 contrasts with dramatic improvements in operating income and net income. Notably, operating income experienced a remarkable jump from USD 1.60 billion in 2023 to USD 2.71 billion in 2024, while net income surged from roughly USD 1.17 billion to USD 1.99 billion during the same period. These increases represent significant year-over-year swings, exceeding 60% gains despite a minor revenue contraction. This extraordinary improvement suggests enhanced cost management, higher operational efficiency, or potential restructuring benefits that have amplified profitability margins—evidenced by an operating margin increase from about 23.5% in 2023 to roughly 41.4% in 2024. Given Martin Marietta’s leadership position in supplying materials for construction and infrastructure—a sector benefiting from robust demand—the company’s financial health appears strong. Overall, the improved profitability metrics and efficient cost control indicate a sustainable earnings trajectory, even amid modest revenue fluctuations.
This analysis is for informational purposes only and does not constitute financial advice or recommendations for any investment decisions. Please consult with a qualified financial professional for personalized guidance.