Vulcan Materials CO
Vulcan Materials CO 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 | 10.03% | 10.65% | — | 13.23% | 6.68% | 2.3 pp |
| FY 2026 Q1 | Mar 31, 2026 | 10.01% | 10.5% | 1,758.7% | 13.43% | 6.67% | 2.3 pp |
| FY 2025 Q4 | Dec 31, 2025 | 9.85% | 10.25% | — | 12.94% | 6.37% | 2.1 pp |
| FY 2025 Q3 | Sep 30, 2025 | 11.08% | 11.11% | 15.83% | 13.47% | 7.14% | 3.4 pp |
| FY 2025 Q2 | Jun 30, 2025 | 9.45% | 9.88% | 4.06% | 11.81% | 6.1% | 1.7 pp |
| FY 2025 Q1 | Mar 31, 2025 | 9.52% | 9.74% | 2.5% | 12.01% | 6.13% | 1.8 pp |
| FY 2024 Q4 | Dec 31, 2024 | 9.18% | 9.22% | -0.51% | 11.69% | 5.76% | 1.5 pp |
| FY 2024 Q3 | Sep 30, 2024 | 8.96% | 9.76% | — | 11.05% | 5.84% | 1.3 pp |
| FY 2024 Q2 | Jun 30, 2024 | 9.62% | 10.5% | 161.95% | 12.27% | 6.41% | 1.9 pp |
| FY 2024 Q1 | Mar 31, 2024 | 9.93% | 10.65% | — | 12.64% | 6.54% | 2.2 pp |
| FY 2023 Q4 | Dec 31, 2023 | 10.22% | 10.56% | — | 12.95% | 6.48% | 2.5 pp |
| FY 2023 Q3 | Sep 30, 2023 | 8.99% | 9.25% | 440.3% | 11.54% | 5.65% | 1.3 pp |
| FY 2023 Q2 | Jun 30, 2023 | 8.09% | 8.51% | 55.13% | 10.43% | 5.09% | 0.4 pp |
| FY 2023 Q1 | Mar 31, 2023 | 7.16% | 7.54% | 13.24% | 8.91% | 4.33% | -0.5 pp |
| FY 2022 Q4 | Dec 31, 2022 | 6.85% | 7.27% | -11% | 8.54% | 4.12% | -0.9 pp |
| FY 2022 Q3 | Sep 30, 2022 | 6.96% | 7.45% | -4.06% | 8.95% | 4.2% | -0.7 pp |
| FY 2022 Q2 | Jun 30, 2022 | 7.74% | 7.7% | -2.33% | 9.13% | 4.61% | 0 pp |
| FY 2022 Q1 | Mar 31, 2022 | 7.72% | 7.65% | -3.4% | 9.47% | 4.78% | 0 pp |
| FY 2021 Q4 | Dec 31, 2021 | 8.5% | 8.58% | 3.4% | 10.67% | 5.29% | 0.8 pp |
| FY 2021 Q3 | Sep 30, 2021 | 8.36% | 8.54% | 2.53% | 10.48% | 5.12% | 0.7 pp |
| FY 2021 Q2 | Jun 30, 2021 | 9.58% | 9.58% | — | 11.12% | 5.84% | 1.9 pp |
| FY 2021 Q1 | Mar 31, 2021 | 9.68% | 9.87% | — | 11.68% | 6.24% | 2 pp |
| FY 2020 Q4 | Dec 31, 2020 | 8.71% | 8.63% | — | 10.03% | 5.23% | 1 pp |
| FY 2020 Q3 | Sep 30, 2020 | 8.73% | 8.7% | — | 10.65% | 5.52% | 1 pp |
| FY 2020 Q2 | Jun 30, 2020 | 8.89% | 9% | — | 11.26% | 5.73% | 1.2 pp |
| FY 2020 Q1 | Mar 31, 2020 | 8.84% | 8.95% | 89.06% | 11.37% | 5.87% | 1.1 pp |
| FY 2019 Q4 | Dec 31, 2019 | 8.89% | 9.07% | 167.91% | 11.41% | 6.03% | 1.2 pp |
| FY 2019 Q3 | Sep 30, 2019 | 8.64% | 9.07% | — | 11.24% | 5.88% | 0.9 pp |
| FY 2019 Q2 | Jun 30, 2019 | 8.13% | 8.66% | — | 10.86% | 5.55% | 0.4 pp |
| FY 2019 Q1 | Mar 31, 2019 | 7.84% | 8.33% | — | 10.39% | 5.33% | 0.1 pp |
| FY 2018 Q4 | Dec 31, 2018 | 7.88% | 8.18% | — | 10.14% | 5.33% | 0.2 pp |
| FY 2018 Q3 | Sep 30, 2018 | — | 7.82% | — | 14.63% | 7.45% | — |
| FY 2018 Q2 | Jun 30, 2018 | — | 7.7% | — | 13.48% | 6.58% | — |
| FY 2018 Q1 | Mar 31, 2018 | — | 7.6% | — | 12.92% | 6.7% | — |
| FY 2017 Q4 | Dec 31, 2017 | — | 7.54% | — | 12.6% | 6.69% | — |
| FY 2017 Q3 | Sep 30, 2017 | 8.3% | 7.87% | 14.91% | 8.41% | 4.34% | 0.6 pp |
| FY 2017 Q2 | Jun 30, 2017 | 8.17% | 7.9% | 15.94% | 9.19% | 4.6% | 0.5 pp |
| FY 2017 Q1 | Mar 31, 2017 | 8.6% | 8.44% | 34.18% | 9.42% | 4.96% | 0.9 pp |
| FY 2016 Q4 | Dec 31, 2016 | 8.43% | 8.47% | 91.9% | 9.29% | 5% | 0.7 pp |
| FY 2016 Q3 | Sep 30, 2016 | 7.65% | 8.54% | 77.73% | 8.38% | 4.45% | -0 pp |
| FY 2016 Q2 | Jun 30, 2016 | 7.45% | 8.49% | 113.06% | — | 4.31% | -0.2 pp |
| FY 2016 Q1 | Mar 31, 2016 | 6.99% | 7.77% | 113.67% | — | 3.37% | -0.7 pp |
| FY 2015 Q4 | Dec 31, 2015 | 6.41% | 7.07% | 16.01% | 5.13% | 2.7% | -1.3 pp |
| FY 2015 Q3 | Sep 30, 2015 | 5.54% | 6.1% | -23.64% | — | 2.08% | -2.2 pp |
| FY 2015 Q2 | Jun 30, 2015 | 4.55% | 5.3% | -20.23% | — | 1.41% | -3.1 pp |
| FY 2015 Q1 | Mar 31, 2015 | 4.07% | 4.67% | -36.71% | — | 1.37% | -3.6 pp |
| FY 2014 Q4 | Dec 31, 2014 | 6.06% | 6.91% | — | 5.05% | 2.51% | -1.6 pp |
| FY 2014 Q3 | Sep 30, 2014 | 5.79% | 6.28% | — | — | 2.15% | -1.9 pp |
| FY 2014 Q2 | Jun 30, 2014 | 5.6% | 5.9% | — | — | 1.87% | -2.1 pp |
| FY 2014 Q1 | Mar 31, 2014 | 5.72% | 5.75% | — | — | 1.67% | -2 pp |
| FY 2013 Q4 | Dec 31, 2013 | — | 2.43% | — | 0.63% | 0.3% | — |
| FY 2013 Q3 | Sep 30, 2013 | — | 2.47% | — | — | 0.23% | — |
| FY 2013 Q2 | Jun 30, 2013 | — | 1.94% | — | — | -0.1% | — |
| FY 2013 Q1 | Mar 31, 2013 | — | 1.06% | — | — | -0.68% | — |
| FY 2012 Q4 | Dec 31, 2012 | — | 1.09% | — | -1.39% | -0.64% | — |
| FY 2012 Q3 | Sep 30, 2012 | — | 0.3% | — | — | -1.01% | — |
| FY 2012 Q2 | Jun 30, 2012 | — | 0.96% | — | — | -0.94% | — |
| FY 2012 Q1 | Mar 31, 2012 | — | 1.02% | — | — | -0.82% | — |
| FY 2011 Q4 | Dec 31, 2011 | — | 0.81% | — | -1.82% | -0.85% | — |
| FY 2011 Q3 | Sep 30, 2011 | — | 0.5% | — | — | -1.06% | — |
| FY 2011 Q2 | Jun 30, 2011 | — | -0.22% | — | — | -1.14% | — |
| FY 2011 Q1 | Mar 31, 2011 | — | -0.51% | — | -2.82% | -1.34% | — |
| FY 2010 Q4 | Dec 31, 2010 | — | -0.19% | — | -2.41% | -1.14% | — |
| FY 2010 Q3 | Sep 30, 2010 | — | 0.2% | — | -1.55% | -0.73% | — |
| FY 2010 Q2 | Jun 30, 2010 | — | 0.63% | — | -0.54% | -0.25% | — |
| FY 2010 Q1 | Mar 31, 2010 | — | — | — | — | — | — |
| FY 2009 Q4 | Dec 31, 2009 | — | — | — | — | — | — |
| FY 2009 Q3 | Sep 30, 2009 | — | — | — | — | — | — |
| FY 2009 Q2 | Jun 30, 2009 | — | — | — | — | — | — |
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 · VMC, 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.