Martin Marietta Materials
37 named things its latest annual report says its results depend on, each in the company's own words. 25 of them are also named by other companies we've read.
Customers
Residential construction
earns from · 22% of our 2025 aggregates shipmentsnamed as a riskThe residential construction market accounted for 22% of our 2025 aggregates shipments.Risk factors (Item 1A)
Steel industry
earns from · 32% to limenamed as a riskAccordingly, a portion of the revenues and profitability of the Specialties business is affected by the steel industry's production and inventory trends, which are influenced by factors such as rates of consumer consumption, the flow of offshore imports and broader economic conditions.Business (Item 1)
Public infrastructure construction
earns from · 37% of its 2025 aggregates shipmentsnamed as a riskThe Building Materials business markets its products primarily to the construction industry, with 37% of its 2025 aggregates shipments sold to customers for use in highway and other public infrastructure projects and the balance of its shipments sold primarily to customers for nonresidential and residential construction projects.Business (Item 1)
U.S. Department of Defense
earns fromnamed as a riskA portion of our aggregates and downstream shipments is tied to construction activity funded by, or adjacent to, U.S. Department of Defense installations and to private energy-related projects.Risk factors (Item 1A)
Also named by ACN, ALSN, AVAV, CLS, CRWD, FLR, HEI, JCI and 12 more
Suppliers
Railroads
depends onnamed as a riskThe Company’s rail-based distribution network, coupled with the extensive use of rail service, increases the Company’s dependence on and exposure to railroad performance, including track congestion, crew availability, railcar availability, locomotive availability and the ability to negotiate favorable railroad shipping contracts.Business (Item 1)
Shipping companies (Bahamas and Nova Scotia vessel agreements)
depends onnamed as a riskWe have agreements with shipping companies to provide ships to transport our aggregates products from our Bahamas and Nova Scotia operations to various coastal ports that expire in 2026 and 2027, respectively.Risk factors (Item 1A)
Also named by AMZN
Ohio and West Virginia river barges
depends onnamed as a riskSome of our products are distributed by barges along rivers in Ohio and West Virginia.Risk factors (Item 1A)
Other companies
Quikrete Holdings, Inc. (QUIKRETE)
approximately 20 million tons annuallynamed as a riskIn exchange, QUIKRETE would receive the Company’s Midlothian cement plant, related cement distribution terminals, Texas ready mixed concrete assets and certain nonoperating land.Business (Item 1)
Blue Water Industries LLC
$2.05 billion in cashOn April 5, 2024, the Company completed the acquisition of 20 active aggregates operations in Alabama, South Carolina, South Florida, Tennessee and Virginia from affiliates of Blue Water Industries LLC (BWI Southeast) for $2.05 billion in cash.Business (Item 1)
Premier Magnesia, LLC
On July 25, 2025, the Company acquired Premier Magnesia, LLC (Premier), a privately-owned producer and distributor of magnesia-based products.Business (Item 1)
Competitors
CRH plc
$2.1 billion in cashOn February 9, 2024, the Company completed the sale of its South Texas cement business and certain of its related ready mixed concrete operations to CRH Americas Materials, Inc., a subsidiary of CRH plc, for $2.1 billion in cash.Business (Item 1)
Vulcan Materials Company
competes withIn 2025, other publicly traded companies among the ten-largest U.S. aggregates producers included the following:Business (Item 1)
Also named by ROAD
Places
Texas
concentrated in · 76% of the Building Materials business’ revenues from continuing operations in 2025named as a riskThe ten-largest revenue-generating states (Texas, North Carolina, Colorado, California, Georgia, Florida, South Carolina, Arizona, Iowa and Minnesota) accounted for 76% of the Building Materials business’ revenues from continuing operations in 2025.Business (Item 1)
Also named by ABR, AFRM, ALLY, AN, ASO, ASTS, ATO, AXP and 70 more
Florida
concentrated in · 76% of the Building Materials business’ revenues from continuing operations in 2025named as a riskThe ten-largest revenue-generating states (Texas, North Carolina, Colorado, California, Georgia, Florida, South Carolina, Arizona, Iowa and Minnesota) accounted for 76% of the Building Materials business’ revenues from continuing operations in 2025.Business (Item 1)
Also named by ABR, ALLY, AN, AXP, AZO, BBY, BJ, BRO and 54 more
Georgia
concentrated in · 76% of the Building Materials business’ revenues from continuing operations in 2025named as a riskThe ten-largest revenue-generating states (Texas, North Carolina, Colorado, California, Georgia, Florida, South Carolina, Arizona, Iowa and Minnesota) accounted for 76% of the Building Materials business’ revenues from continuing operations in 2025.Business (Item 1)
Also named by ABR, ACHR, AXP, BRO, CNC, ELV, IMKTA, MKL and 7 more
North Carolina
concentrated in · 76% of the Building Materials business’ revenues from continuing operations in 2025named as a riskThe ten-largest revenue-generating states (Texas, North Carolina, Colorado, California, Georgia, Florida, South Carolina, Arizona, Iowa and Minnesota) accounted for 76% of the Building Materials business’ revenues from continuing operations in 2025.Business (Item 1)
Also named by ABR, AUB, DUK, FCNCA, FHN, GLW, IMKTA, PNFP and 5 more
Colorado
concentrated in · 76% of the Building Materials business’ revenues from continuing operations in 2025named as a riskThe ten-largest revenue-generating states (Texas, North Carolina, Colorado, California, Georgia, Florida, South Carolina, Arizona, Iowa and Minnesota) accounted for 76% of the Building Materials business’ revenues from continuing operations in 2025.Business (Item 1)
Also named by AN, BBSI, BKH, CVX, DMLP, ENSG, FPI, PLTR and 4 more
Woodville, Ohio
operates in · June 2026named as a riskOur collective bargaining agreements for employees of our Specialties business at the Woodville, Ohio lime plant, the Manistee, Michigan synthetic magnesia plant and the Gabbs, Nevada magnesia mine and processing plant expire in June 2026, August 2027 and June 2028, respectively.Risk factors (Item 1A)
Midlothian, Texas
operates in · $23 millionnamed as a riskIn 2025, our cement and Specialties operations incurred shutdown costs of $23 million and $8 million, respectively.Risk factors (Item 1A)
California
concentrated innamed as a riskIn addition, the Company's California operations face risks from wildfires, mudslides and water-use restrictions during periods of severe drought.Business (Item 1)
Also named by A, AAON, AFRM, ALK, ALLY, AN, ARE, AVAV and 88 more
The Bahamas
operates innamed as a riskIn particular, the Company’s operations in coastal markets near the Atlantic Ocean and Gulf Coast and in The Bahamas are exposed to hurricanes and tropical storms.Business (Item 1)
Hazards
Wildfires
operates innamed as a riskIn addition, the Company's California operations face risks from wildfires, mudslides and water-use restrictions during periods of severe drought.Business (Item 1)
Also named by AAON, AMRC, AZO, BRK/B, CCI, CDNS, CINF, CNP and 17 more
Hurricanes and tropical storms
operates innamed as a riskIn particular, the Company’s operations in coastal markets near the Atlantic Ocean and Gulf Coast and in The Bahamas are exposed to hurricanes and tropical storms.Business (Item 1)
Also named by ROAD
Commodities and inputs
Natural gas
exposed to its price · 34% of its anticipated 2026 coal, petroleum coke and natural gas needsnamed as a riskOur Specialties business has fixed-price agreements for 34% of its anticipated 2026 coal, petroleum coke and natural gas needs.Risk factors (Item 1A)
Also named by AA, ADM, AEE, AEP, AES, AESI, AGX, ALB and 132 more
Energy (diesel fuel, natural gas, electricity, coal, petroleum coke)
exposed to its price · $29 millionnamed as a riskA hypothetical 10% change in the Company’s energy prices in 2026 as compared with 2025, assuming constant volumes, would change 2026 energy expense for continuing operations by $29 million.Market risk (Item 7A)
Diesel fuel
exposed to its pricenamed as a riskBecause of the fluctuating trends in diesel fuel prices, we may enter into fixed-price fuel agreements from time to time for a portion of our diesel fuel to reduce our diesel fuel price risk.Risk factors (Item 1A)
Also named by ADM, BLDR, BTU, CAH, CHD, CHRW, COST, CP and 43 more
Coal
exposed to its pricenamed as a riskThe production process requires the use of natural gas, coal and petroleum coke.Business (Item 1)
Also named by AA, AEE, AEP, AES, ARLP, BKH, BRK/B, CNP and 19 more
Cement
exposed to its pricenamed as a riskWe cannot be assured that prices for our cement products will not decline in the future or that such decline will not have a material adverse effect on our cement product line.Risk factors (Item 1A)
Liquid asphalt
exposed to its pricenamed as a riskLiquid asphalt and cement serve as key raw materials in the production of hot mix asphalt and ready mixed concrete, respectively.Business (Item 1)
Regulators
Mine Safety and Health Administration (MSHA)
subject tonamed as a riskWe are also subject to Mine Safety and Health Administration (MSHA) and Occupational Safety and Health Administration (OSHA) requirements for worker health and safety.Risk factors (Item 1A)
Also named by AESI, ARLP, BTU, CDE, GVA, HCC, HL, MP and 4 more
U.S. Environmental Protection Agency (USEPA) GHG reporting rule
subject tonamed as a riskThe Company’s Manistee and Woodville facilities, as well as its cement plant in Texas, filed annual reports of their GHG emissions in accordance with the USEPA reporting rule.Business (Item 1)
U.S. Department of Transportation (USDOT)
subject toIn addition, the cement produced by the Company’s cement operation, like other U.S. producers, is subject to strict limits set by the U.S. Department of Transportation (USDOT) and other agencies, including those relating to “clinker substitution”, or the replacement of ground clinker in cement with alternate materials such as pozzolan, slag and fly ash, which has implications for the Company’s fuel use and efforts to reduce GHG emissions from its cement operations.Business (Item 1)
Also named by ACHR, AESI, ALK, BLDR, CHRW, CTAS, DAL, EXPE and 19 more
Laws and programs
Infrastructure Investment and Jobs Act
earns from · $1.2 trillionFrom a regulatory standpoint, the $1.2 trillion Infrastructure Investment and Jobs Act (IIJ Act), which was signed into law in November 2021, provides billions of dollars in new funding for roads, bridges and other major infrastructure projects which require aggregates for construction.Business (Item 1)
Also named by APG, AWK, CTOS, HASI, J, MTZ, NWPX, OGE and 3 more
U.S. Clean Air Act Prevention of Significant Deterioration (PSD)
subject tonamed as a riskIf future modifications to our Specialties or cement facilities require PSD review for other pollutants, GHG permitting requirements may also be triggered, which could require us to incur significant additional costs.Risk factors (Item 1A)
Federal depletion deduction
subject tonamed as a risk•governmental authorities increasing tax rates or eliminating deductions, particularly the depletion deduction;Risk factors (Item 1A)