VULCAN MATERIALS COMPANY FY 2025 10-K, explained in plain English
Key financials — as reported
| Total revenue | $7.9B |
| Gross margin | 27.4% |
| Operating income | $1.6B |
| Net income | $1.1B |
| Diluted EPS | $8.11 |
| Cash & equivalents | $183.3M |
| Total assets | $16.7B |
| Long-term debt | $4.4B |
Key takeaway
Revenue grew 7% to $7,941.1 million and net earnings rose 18% to $1,076.7 million, driven by strong aggregates pricing and volume growth plus contributions from 2024 acquisitions.
🔒 4 more takeaways in the full analysis
Beneath the surface
Total debt of $4,440.6 million against only $183.3 million cash leaves net debt near $4.26 billion, giving a leverage ratio of 1.9x Adjusted EBITDA (1.8x net), well within the company's 2.0-2.5x target range, so the headline long-term debt figure alone understates available liquidity of $1.76 billion.
🔒 4 more insights a headline reader would miss
This is the free preview. The full analysis explains every line item above and includes 8 more findings — plus insider trades, activist stakes, and 8-K events for VMC.
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