Martin Marietta Materials, Inc. stock research
FY2025 Q3
Martin Marietta Materials (MLM) Gross Margin — Quarter Ended Sep 30, 2025
Revenue decreased while cost of revenue also decreased, resulting in a lower gross profit and a higher gross margin compared to the prior quarter. Compared to the same quarter last year, revenue and gross profit were higher, cost of revenue was higher, and gross margin improved.
Gross margin takeaway
Quarter ended Sep 30, 2025 · FY2025 Q3
Revenue decreased while cost of revenue also decreased, resulting in a lower gross profit and a higher gross margin compared to the prior quarter. Compared to the same quarter last year, revenue and gross profit were higher, cost of revenue was higher, and gross margin improved.
- The gross margin improved sequentially despite lower revenue, indicating that the reduction in cost of revenue outpaced the decline in revenue. The year-over-year margin improvement was supported by revenue growth that exceeded the increase in cost of revenue.
- Compared to the immediately preceding quarter, revenue and gross profit were lower, cost of revenue was lower, and gross margin was higher. Compared to the same quarter one year earlier, revenue, gross profit, and cost of revenue were all higher, and gross margin was higher.
Gross margin snapshot
The selected quarter's reported revenue, gross profit, direct costs, and margin comparisons.
Gross margin
37.4%
Gross profit
$543.0M
Revenue
$1.5B
Cost of revenue
$1.2B
Quarter-over-quarter change
+9.2 pts
Year-over-year change
+3.3 pts
Quarterly gross margin trend
A four-quarter view of the revenue and direct-cost bridge behind gross margin.
| Period | Revenue | Gross profit | Cost of revenue | Gross margin |
|---|---|---|---|---|
| Sep 30, 2024 | $1.2B | $421.0M | $1.1B | 34.1% |
| Mar 31, 2025 | $1.2B | $315.0M | $847.0M | 27.1% |
| Jun 30, 2025 | $2.0B | $564.0M | $1.3B | 28.2% |
| Sep 30, 2025 | $1.5B | $543.0M | $1.2B | 37.4% |
Quarterly comparisons
Compare the selected margin with the preceding quarter and the same fiscal quarter one year earlier.
Previous-quarter change
Jun 30, 2025
+9.2 pts
Year-over-year change
Sep 30, 2024
+3.3 pts
What the margin says
Filing-constrained interpretation of margin direction, comparisons, and what to monitor next.
The gross margin improved sequentially despite lower revenue, indicating that the reduction in cost of revenue outpaced the decline in revenue. The year-over-year margin improvement was supported by revenue growth that exceeded the increase in cost of revenue.
Compared to the immediately preceding quarter, revenue and gross profit were lower, cost of revenue was lower, and gross margin was higher. Compared to the same quarter one year earlier, revenue, gross profit, and cost of revenue were all higher, and gross margin was higher.
Monitor the trajectory of cost of revenue relative to revenue, as the current quarter's margin improvement was driven by a proportionally larger decline in costs.