Vulcan Materials Company stock research
FY2025 Q4
Vulcan Materials (VMC) Gross Margin — Quarter Ended Dec 31, 2025
Revenue in the current quarter was lower than the prior quarter but comparable to the same quarter last year. Gross profit and gross margin both weakened compared to both the prior quarter and the same quarter last year, as cost of revenue decreased less proportionally than revenue.
Gross margin takeaway
Quarter ended Dec 31, 2025 · FY2025 Q4
Revenue in the current quarter was lower than the prior quarter but comparable to the same quarter last year. Gross profit and gross margin both weakened compared to both the prior quarter and the same quarter last year, as cost of revenue decreased less proportionally than revenue.
- The primary driver of the margin change was the relationship between revenue and cost of revenue. Revenue declined from the prior quarter while cost of revenue declined at a slower pace, compressing gross margin.
- Compared to the prior quarter, gross margin weakened. Compared to the same quarter last year, gross margin also weakened, as gross profit was lower despite similar revenue.
Gross margin snapshot
The selected quarter's reported revenue, gross profit, direct costs, and margin comparisons.
Gross margin
25.5%
Gross profit
$486.9M
Revenue
$1.9B
Cost of revenue
$1.4B
Quarter-over-quarter change
-5.0 pts
Year-over-year change
-3.5 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 |
|---|---|---|---|---|
| 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% |
| Dec 31, 2025 | $1.9B | $486.9M | $1.4B | 25.5% |
Quarterly comparisons
Compare the selected margin with the preceding quarter and the same fiscal quarter one year earlier.
Previous-quarter change
Sep 30, 2025
-5.0 pts
Year-over-year change
Dec 31, 2024
-3.5 pts
What the margin says
Filing-constrained interpretation of margin direction, comparisons, and what to monitor next.
The primary driver of the margin change was the relationship between revenue and cost of revenue. Revenue declined from the prior quarter while cost of revenue declined at a slower pace, compressing gross margin.
Compared to the prior quarter, gross margin weakened. Compared to the same quarter last year, gross margin also weakened, as gross profit was lower despite similar revenue.
Monitor the trend of cost of revenue relative to revenue in upcoming quarters.