Q3 FY26 · Ended Sep 30, 2026 · View SEC filing
Fewer tons, higher prices, wider margins
Vulcan charged more per ton on fewer tons, and operating margin rose to 24.0% even as revenue shrank.
For investorsHow long can price per ton outrun cost per ton?
For foundersTurning a commodity into a local franchise
Concrete revenue fell 61.1% after the California sale while aggregates revenue rose 4.5%, tilting the company further toward stone.
Operating cash only just covered profit at 1.07 times, a sharp drop from a year earlier, when cash ran far ahead.
Stone is too heavy to ship far by truck, so a well-placed, permitted reserve faces few nearby rivals.
Unlock the financial breakdown, competitive insights, historical trends and founder playbook, plus research across the company library.
Free CXProWealth membership required
Business Lens describes Vulcan Materials Company from its own filings with the SEC. It is not a view on its shares, a target, or advice to buy, sell or hold anything; figures are as filed and may be restated by the company later. The filing is linked above.
