Martin Marietta Materials
Martin Marietta Materials returns on capital
Annual and trailing 12-month returns on invested capital, equity and assets.
ROIC
% · Annual / TTM
ROCE
% · Annual / TTM
ROIIC
% · Annual / TTM
ROE
% · Annual / TTM
ROA
% · Annual / TTM
ROIC − WACC
Percentage points · Scenario
Quarterly data
| Fiscal period | Ended | ROIC% | ROCE% | ROIIC% | ROE% | ROA% | ROIC − WACCPercentage points |
|---|---|---|---|---|---|---|---|
| FY 2026 Q2 | Jun 30, 2026 | 6.88% | 7.54% | -4.88% | 23.5% | 12.48% | -0.8 pp |
| FY 2026 Q1 | Mar 31, 2026 | 7.6% | 8.09% | -0.99% | 24.87% | 13.26% | -0.1 pp |
| FY 2025 Q4 | Dec 31, 2025 | 7.87% | 8.22% | -84.41% | 11.67% | 6.17% | 0.2 pp |
| FY 2025 Q3 | Sep 30, 2025 | 8.85% | 9.44% | -39.46% | 12.19% | 6.56% | 1.2 pp |
| FY 2025 Q2 | Jun 30, 2025 | 8.96% | 9.57% | -59.99% | 12.1% | 6.4% | 1.3 pp |
| FY 2025 Q1 | Mar 31, 2025 | 9.5% | 9.37% | -25.92% | 11.88% | 6.28% | 1.8 pp |
| FY 2024 Q4 | Dec 31, 2024 | 16.45% | 17.4% | 25.83% | 22.82% | 11.98% | 8.7 pp |
| FY 2024 Q3 | Sep 30, 2024 | 16.71% | 18.31% | 52.81% | 23.39% | 12.65% | 9 pp |
| FY 2024 Q2 | Jun 30, 2024 | 16.92% | 19.04% | 103.87% | 25.07% | 12.91% | 9.2 pp |
| FY 2024 Q1 | Mar 31, 2024 | 19.29% | 19.88% | — | 26.07% | 13.44% | 11.6 pp |
| FY 2023 Q4 | Dec 31, 2023 | 11.18% | 11.61% | — | 15.38% | 7.76% | 3.5 pp |
| FY 2023 Q3 | Sep 30, 2023 | 10.15% | 10.99% | — | 14.52% | 7.22% | 2.4 pp |
| FY 2023 Q2 | Jun 30, 2023 | 9.11% | 9.63% | 15.66% | 13.37% | 6.37% | 1.4 pp |
| FY 2023 Q1 | Mar 31, 2023 | 9.04% | 9.91% | 44.33% | 14.21% | 6.64% | 1.3 pp |
| FY 2022 Q4 | Dec 31, 2022 | 8.15% | 8.88% | 31.1% | 12.65% | 5.9% | 0.5 pp |
| FY 2022 Q3 | Sep 30, 2022 | 8.87% | 8.71% | 4.06% | 12.64% | 5.89% | 1.2 pp |
| FY 2022 Q2 | Jun 30, 2022 | 8.96% | 9.12% | 2.39% | 12.4% | 6.2% | 1.3 pp |
| FY 2022 Q1 | Mar 31, 2022 | 7.84% | 7.87% | -2.41% | 10.66% | 5.29% | 0.1 pp |
| FY 2021 Q4 | Dec 31, 2021 | 8.12% | 8.21% | -0.52% | 11.31% | 5.63% | 0.4 pp |
| FY 2021 Q3 | Sep 30, 2021 | 9.41% | 8.69% | 7.06% | 12.03% | 6.02% | 1.7 pp |
| FY 2021 Q2 | Jun 30, 2021 | 9.87% | 10.43% | 16.61% | 13.23% | 7.17% | 2.2 pp |
| FY 2021 Q1 | Mar 31, 2021 | 10.29% | 10.66% | 137.05% | 13.55% | 7.19% | 2.6 pp |
| FY 2020 Q4 | Dec 31, 2020 | 9.93% | 10.38% | 44.45% | 12.83% | 6.96% | 2.2 pp |
| FY 2020 Q3 | Sep 30, 2020 | 9.23% | 9.75% | 78.3% | 12.1% | 6.48% | 1.5 pp |
| FY 2020 Q2 | Jun 30, 2020 | 8.79% | 9.42% | 537.69% | 11.77% | 6.11% | 1.1 pp |
| FY 2020 Q1 | Mar 31, 2020 | 8.69% | 9.33% | 258.14% | 11.59% | 5.79% | 1 pp |
| FY 2019 Q4 | Dec 31, 2019 | 8.97% | 9.8% | 197.44% | 11.88% | 6.22% | 1.3 pp |
| FY 2019 Q3 | Sep 30, 2019 | 8.46% | 9.24% | — | 11.23% | 5.81% | 0.8 pp |
| FY 2019 Q2 | Jun 30, 2019 | 7.72% | 8.15% | — | 10.2% | 5.13% | 0 pp |
| FY 2019 Q1 | Mar 31, 2019 | 8.39% | 8.2% | — | 10.42% | 5.29% | 0.7 pp |
| FY 2018 Q4 | Dec 31, 2018 | 7.89% | 8.1% | — | 9.77% | 5.07% | 0.2 pp |
| FY 2018 Q3 | Sep 30, 2018 | — | 9.14% | — | 16.24% | 8.78% | — |
| FY 2018 Q2 | Jun 30, 2018 | — | 8.99% | — | 16.02% | 8.46% | — |
| FY 2018 Q1 | Mar 31, 2018 | — | 8.8% | — | 15.57% | 8.33% | — |
| FY 2017 Q4 | Dec 31, 2017 | — | 9.31% | — | 16.18% | 8.76% | — |
| FY 2017 Q3 | Sep 30, 2017 | 8.32% | 9.7% | 28.7% | 10.25% | 5.82% | 0.6 pp |
| FY 2017 Q2 | Jun 30, 2017 | 8.39% | 10.08% | 45.58% | 10.79% | 6.01% | 0.7 pp |
| FY 2017 Q1 | Mar 31, 2017 | 8.08% | 9.91% | 47.89% | 10.55% | 5.85% | 0.4 pp |
| FY 2016 Q4 | Dec 31, 2016 | 8.32% | 10% | 42.33% | 10.38% | 5.97% | 0.6 pp |
| FY 2016 Q3 | Sep 30, 2016 | 7.88% | 9.53% | 38.27% | 9.75% | 5.53% | 0.2 pp |
| FY 2016 Q2 | Jun 30, 2016 | 7.02% | 8.55% | — | 8.84% | 4.99% | -0.7 pp |
| FY 2016 Q1 | Mar 31, 2016 | 6.46% | 7.88% | — | 7.91% | 4.53% | -1.2 pp |
| FY 2015 Q4 | Dec 31, 2015 | 5.93% | 7.02% | — | 6.87% | 4% | -1.8 pp |
| FY 2015 Q3 | Sep 30, 2015 | 5.56% | 6.69% | — | 6.25% | 3.65% | -2.1 pp |
| FY 2015 Q2 | Jun 30, 2015 | 5.92% | 7.75% | 2.06% | 7.01% | 3.79% | -1.8 pp |
| FY 2015 Q1 | Mar 31, 2015 | 5.42% | 7.03% | 1.88% | 6.27% | 3.44% | -2.3 pp |
| FY 2014 Q4 | Dec 31, 2014 | 4.65% | 6.22% | 1.09% | 5.28% | 2.9% | -3.1 pp |
| FY 2014 Q3 | Sep 30, 2014 | 3.85% | 5.18% | 0.48% | 4.38% | 2.39% | -3.8 pp |
| FY 2014 Q2 | Jun 30, 2014 | 7.24% | 8.21% | 34.46% | 9.83% | 4.43% | -0.5 pp |
| FY 2014 Q1 | Mar 31, 2014 | 6.64% | 7.45% | 22% | 8.86% | 3.98% | -1.1 pp |
| FY 2013 Q4 | Dec 31, 2013 | 6.34% | 7.22% | 33.2% | 8.23% | 3.78% | -1.4 pp |
| FY 2013 Q3 | Sep 30, 2013 | 5.78% | 6.34% | 127.59% | 7.39% | 3.25% | -1.9 pp |
| FY 2013 Q2 | Jun 30, 2013 | 5.63% | 5.83% | — | 7.04% | 3.03% | -2.1 pp |
| FY 2013 Q1 | Mar 31, 2013 | 5.64% | 5.57% | — | 6.84% | 2.95% | -2.1 pp |
| FY 2012 Q4 | Dec 31, 2012 | 5.22% | 5.2% | — | 5.99% | 2.68% | -2.5 pp |
| FY 2012 Q3 | Sep 30, 2012 | 4.77% | 4.68% | -24.5% | 5.41% | 2.43% | -2.9 pp |
| FY 2012 Q2 | Jun 30, 2012 | 4.21% | 4.33% | -349.14% | 4.59% | 2.01% | -3.5 pp |
| FY 2012 Q1 | Mar 31, 2012 | 4.16% | 4.36% | -95.16% | 4.58% | 1.97% | -3.5 pp |
| FY 2011 Q4 | Dec 31, 2011 | 5.19% | 5.69% | -44.25% | 5.81% | 2.65% | -2.5 pp |
| FY 2011 Q3 | Sep 30, 2011 | 5.47% | 6.04% | — | 5.76% | 2.62% | -2.2 pp |
| FY 2011 Q2 | Jun 30, 2011 | 5.58% | 6.3% | — | 6.11% | 2.73% | -2.1 pp |
| FY 2011 Q1 | Mar 31, 2011 | — | — | — | — | — | — |
| FY 2010 Q4 | Dec 31, 2010 | — | — | — | — | — | — |
| FY 2010 Q3 | Sep 30, 2010 | — | — | — | — | — | — |
| FY 2010 Q2 | Jun 30, 2010 | — | — | — | — | — | — |
Sources and calculations
Financial inputs from company filings. Last checked Oct 18, 2026. A dash means missing inputs or an undefined calculation.
Period changes use the preceding fiscal quarter or year. Percentage changes divide by the absolute prior value; a zero or missing baseline has no percentage change. Percentage metrics show changes in percentage points.
Quarterly returns use trailing 12-month earnings and period-end balances averaged with the same fiscal quarter one year earlier. NOPAT uses the reported effective tax rate only when pretax profit is positive and the rate is between 0 and 100%. WACC starts at 7.7%, rounded from the US nonfinancial market · generic proxy benchmark in NYU Stern · January 2026. It is an editable US sector proxy applied across history, not a company estimate; foreign reporting currencies also need a currency-specific assessment.
Market prices: Yahoo Finance · MLM, USD. Latest completed close Sep 25, 2026. Price data retrieved Sep 28, 2026.
- ROIC
- NOPAT / average invested capital × 100. NOPAT = operating income × (1 − effective tax rate). Invested capital = equity including noncontrolling interests + debt − cash and equivalents. Average uses period end and one year earlier.
- ROCE
- Operating income / average (assets − current liabilities) × 100, using period end and one year earlier.
- ROIIC
- Year-over-year change in annual/TTM NOPAT / positive year-over-year change in invested capital × 100. Capital reductions and missing inputs yield unavailable values.
- ROE
- Earnings attributable to owners / average equity attributable to owners × 100, using period end and one year earlier.
- ROA
- Net income / average total assets × 100, using period end and one year earlier.
- ROIC − WACC
- ROIC less your WACC assumption, in percentage points. The same scenario rate is applied across history; it is not a reported or historical company WACC.