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 five-year period, Martin Marietta Materials, Inc. shows a generally upward trend in its key financial metrics, though with some notable variability in growth rates. Revenue increased steadily from USD 4.73 billion in 2020 to a peak of USD 6.78 billion in 2023 before slightly declining to USD 6.54 billion in 2024. Gross profit maintained an upward trajectory from USD 1.25 billion in 2020 to USD 1.88 billion in 2024, even as revenue dipped in the final year. Operating income and net income grew at a similar pace until 2023, with operating income rising from USD 1.01 billion to USD 1.60 billion and net income from USD 721 million to USD 1.17 billion; however, 2024 stands out with a sharp and significant increase, where operating income nearly doubled to USD 2.71 billion and net income surged to USD 1.99 billion—a year-over-year leap exceeding 70%. This marked improvement in operating and net margins in 2024, despite a slight contraction in revenue, suggests enhanced operational efficiency and possibly a more favorable cost structure. The dramatic increase in operating income relative to revenue indicates that the company may have optimized its cost management and captured better pricing power, setting the stage for improved profitability. Overall, the company exhibits strong financial health across the period, with robust gross and net margin performance that point toward sustainability. While the revenue dip in 2024 invites further review, the significant gains in operating and net income underline Martin Marietta Materials’ solid ability to adapt and perform in a competitive materials industry environment.
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.