Vulcan Materials Company stock research
FY2025 Q3
Vulcan Materials (VMC) Gross Margin — Quarter Ended Sep 30, 2025
Revenue and gross profit increased compared to both the prior quarter and the same quarter last year. Gross margin improved, reflecting a greater proportion of revenue flowing through to gross profit.
Gross margin takeaway
Quarter ended Sep 30, 2025 · FY2025 Q3
Revenue and gross profit increased compared to both the prior quarter and the same quarter last year. Gross margin improved, reflecting a greater proportion of revenue flowing through to gross profit.
- The improvement in gross margin was driven by gross profit growing at a faster rate than cost of revenue, leading to a higher margin percentage.
- Sequentially, revenue and gross profit were higher, and gross margin improved. Year-over-year, all three metrics were higher, with gross margin also improving.
Gross margin snapshot
The selected quarter's reported revenue, gross profit, direct costs, and margin comparisons.
Gross margin
30.4%
Gross profit
$697.2M
Revenue
$2.3B
Cost of revenue
$1.6B
Quarter-over-quarter change
+0.7 pts
Year-over-year change
+2.2 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 |
|---|---|---|---|---|
| Dec 31, 2024 | $1.9B | $537.2M | $1.3B | 29.0% |
| Mar 31, 2025 | $1.6B | $365.3M | $1.3B | 22.3% |
| Jun 30, 2025 | $2.1B | $625.2M | $1.5B | 29.7% |
| Sep 30, 2025 | $2.3B | $697.2M | $1.6B | 30.4% |
Quarterly comparisons
Compare the selected margin with the preceding quarter and the same fiscal quarter one year earlier.
Previous-quarter change
Jun 30, 2025
+0.7 pts
Year-over-year change
Sep 30, 2024
+2.2 pts
What the margin says
Filing-constrained interpretation of margin direction, comparisons, and what to monitor next.
The improvement in gross margin was driven by gross profit growing at a faster rate than cost of revenue, leading to a higher margin percentage.
Sequentially, revenue and gross profit were higher, and gross margin improved. Year-over-year, all three metrics were higher, with gross margin also improving.
Monitor the trend of cost of revenue relative to revenue, as it is a key determinant of gross margin.