Vulcan Materials Company (VMC) - Net Assets
Based on the latest financial reports, Vulcan Materials Company (VMC) has net assets worth $8.49 Billion USD as of June 2026. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($16.44 Billion) and total liabilities ($7.95 Billion). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off. Check Vulcan Materials Company (VMC) strategic asset index to assess the company's strategic physical and investment asset allocation.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $8.49 Billion |
| % of Total Assets | 51.63% |
| Annual Growth Rate | 7.22% |
| 5-Year Change | 30.17% |
| 10-Year Change | 87.68% |
| Growth Volatility | 13.92 |
Vulcan Materials Company - Net Assets Trend (1985–2025)
This chart illustrates how Vulcan Materials Company's net assets have evolved over time, based on quarterly financial data. For live market cap and overall valuation, see Vulcan Materials Company (VMC) total market value.
Annual Net Assets for Vulcan Materials Company (1985–2025)
The table below shows the annual net assets of Vulcan Materials Company from 1985 to 2025. Also explore Vulcan Materials Company net asset momentum to track the company's year-over-year net asset growth rate.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | $8.55 Billion | +4.99% |
| 2024-12-31 | $8.14 Billion | +8.45% |
| 2023-12-31 | $7.51 Billion | +7.99% |
| 2022-12-31 | $6.95 Billion | +5.85% |
| 2021-12-31 | $6.57 Billion | +8.97% |
| 2020-12-31 | $6.03 Billion | +7.21% |
| 2019-12-31 | $5.62 Billion | +8.05% |
| 2018-12-31 | $5.20 Billion | +4.71% |
| 2017-12-31 | $4.97 Billion | +9.08% |
| 2016-12-31 | $4.56 Billion | +2.27% |
| 2015-12-31 | $4.45 Billion | +6.12% |
| 2014-12-31 | $4.20 Billion | +6.47% |
| 2013-12-31 | $3.94 Billion | +4.83% |
| 2012-12-31 | $3.76 Billion | -0.81% |
| 2011-12-31 | $3.79 Billion | -4.11% |
| 2010-12-31 | $3.95 Billion | -2.28% |
| 2009-12-31 | $4.05 Billion | +13.94% |
| 2008-12-31 | $3.55 Billion | -5.55% |
| 2007-12-31 | $3.76 Billion | +87.32% |
| 2006-12-31 | $2.01 Billion | -5.61% |
| 2005-12-31 | $2.13 Billion | +5.59% |
| 2004-12-31 | $2.01 Billion | +6.29% |
| 2003-12-31 | $1.89 Billion | +5.88% |
| 2002-12-31 | $1.79 Billion | +6.25% |
| 2001-12-31 | $1.68 Billion | +6.94% |
| 2000-12-31 | $1.58 Billion | +18.99% |
| 1999-12-31 | $1.32 Billion | +14.74% |
| 1998-12-31 | $1.15 Billion | +16.36% |
| 1997-12-31 | $991.50 Million | +12.20% |
| 1996-12-31 | $883.70 Million | +10.93% |
| 1995-12-31 | $796.60 Million | +8.88% |
| 1994-12-31 | $731.60 Million | +4.07% |
| 1993-12-31 | $703.00 Million | +0.41% |
| 1992-12-31 | $700.10 Million | +2.52% |
| 1991-12-31 | $682.90 Million | +0.40% |
| 1990-12-31 | $680.20 Million | +2.52% |
| 1989-12-31 | $663.50 Million | +4.60% |
| 1988-12-31 | $634.30 Million | +10.95% |
| 1987-12-31 | $571.70 Million | +12.85% |
| 1986-12-31 | $506.60 Million | -3.78% |
| 1985-12-31 | $526.50 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Vulcan Materials Company's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have grown by 954.3% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | $5.59 Billion | 65.57% |
| Common Stock | $130.60 Million | 1.53% |
| Other Comprehensive Income | $-125.60 Million | -1.47% |
| Other Components | $2.93 Billion | 34.37% |
| Total Equity | $8.53 Billion | 100.00% |
Vulcan Materials Company Competitors by Market Cap
The table below lists competitors of Vulcan Materials Company ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
JD.com Inc Adr
F:013A
|
$34.07 Billion |
|
TESCO PLC ADR/1 LS-05
F:TCO2
|
$34.10 Billion |
|
Expedia Group Inc.
NASDAQ:EXPE
|
$34.13 Billion |
|
Northern Trust Corporation
NASDAQ:NTRS
|
$34.15 Billion |
|
Intact Financial Corporation
TO:IFC
|
$33.94 Billion |
|
Steel Dynamics Inc
NASDAQ:STLD
|
$33.90 Billion |
|
Naspers Limited
F:NNWN
|
$33.87 Billion |
|
KERING.UNSP.ADR 1/10 EO 4
F:PPXB
|
$33.83 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Vulcan Materials Company's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 8,118,600,000 to 8,525,100,000, a change of 406,500,000 (5.0%).
- Net income of 1,081,000,000 contributed positively to equity growth.
- Dividend payments of 259,800,000 reduced retained earnings.
- Share repurchases of 438,400,000 reduced equity.
- Other comprehensive income increased equity by 1,800,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $1.08 Billion | +12.68% |
| Dividends Paid | $259.80 Million | -3.05% |
| Share Repurchases | $438.40 Million | -5.14% |
| Other Comprehensive Income | $1.80 Million | +0.02% |
| Other Changes | $21.90 Million | +0.26% |
| Total Change | $- | 5.01% |
Book Value vs Market Value Analysis
This analysis compares Vulcan Materials Company's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 4.06x
- The company is trading at a significant premium to its book value, suggesting the market values its earnings potential, brand, or other intangibles highly.
- The price-to-book ratio has decreased from 69.74x to 4.06x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 1985-12-31 | $3.77 | $262.63 | x |
| 1986-12-31 | $3.80 | $262.63 | x |
| 1987-12-31 | $4.47 | $262.63 | x |
| 1988-12-31 | $5.13 | $262.63 | x |
| 1989-12-31 | $5.39 | $262.63 | x |
| 1990-12-31 | $5.82 | $262.63 | x |
| 1991-12-31 | $5.97 | $262.63 | x |
| 1992-12-31 | $6.41 | $262.63 | x |
| 1993-12-31 | $6.38 | $262.63 | x |
| 1994-12-31 | $6.64 | $262.63 | x |
| 1995-12-31 | $7.33 | $262.63 | x |
| 1996-12-31 | $8.35 | $262.63 | x |
| 1997-12-31 | $9.63 | $262.63 | x |
| 1998-12-31 | $11.29 | $262.63 | x |
| 1999-12-31 | $12.95 | $262.63 | x |
| 2000-12-31 | $14.42 | $262.63 | x |
| 2001-12-31 | $15.63 | $262.63 | x |
| 2002-12-31 | $16.55 | $262.63 | x |
| 2003-12-31 | $17.55 | $262.63 | x |
| 2004-12-31 | $19.43 | $262.63 | x |
| 2005-12-31 | $20.43 | $262.63 | x |
| 2006-12-31 | $20.06 | $262.63 | x |
| 2007-12-31 | $37.82 | $262.63 | x |
| 2008-12-31 | $31.75 | $262.63 | x |
| 2009-12-31 | $33.93 | $262.63 | x |
| 2010-12-31 | $30.96 | $262.63 | x |
| 2011-12-31 | $29.31 | $262.63 | x |
| 2012-12-31 | $28.99 | $262.63 | x |
| 2013-12-31 | $29.96 | $262.63 | x |
| 2014-12-31 | $31.41 | $262.63 | x |
| 2015-12-31 | $32.97 | $262.63 | x |
| 2016-12-31 | $33.67 | $262.63 | x |
| 2017-12-31 | $36.84 | $262.63 | x |
| 2018-12-31 | $38.85 | $262.63 | x |
| 2019-12-31 | $42.15 | $262.63 | x |
| 2020-12-31 | $45.23 | $262.63 | x |
| 2021-12-31 | $49.03 | $262.63 | x |
| 2022-12-31 | $51.86 | $262.63 | x |
| 2023-12-31 | $55.97 | $262.63 | x |
| 2024-12-31 | $61.00 | $262.63 | x |
| 2025-12-31 | $64.61 | $262.63 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Vulcan Materials Company utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 12.68%
- The company shows good efficiency in utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 13.63%
- • Asset Turnover: 0.48x
- • Equity Multiplier: 1.96x
- Recent ROE (12.68%) is above the historical average (11.98%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 1985 | 13.54% | 7.34% | 1.19x | 1.56x | $18.65 Million |
| 1986 | 18.40% | 9.73% | 1.15x | 1.65x | $42.54 Million |
| 1987 | 20.34% | 12.60% | 0.99x | 1.62x | $59.13 Million |
| 1988 | 21.44% | 12.91% | 1.10x | 1.51x | $72.57 Million |
| 1989 | 19.49% | 12.01% | 1.07x | 1.51x | $62.95 Million |
| 1990 | 17.69% | 10.88% | 0.99x | 1.64x | $52.28 Million |
| 1991 | 7.70% | 5.22% | 0.94x | 1.57x | $-15.69 Million |
| 1992 | 13.43% | 8.72% | 1.00x | 1.53x | $23.99 Million |
| 1993 | 12.55% | 7.78% | 1.05x | 1.53x | $17.90 Million |
| 1994 | 13.40% | 7.82% | 1.06x | 1.61x | $24.84 Million |
| 1995 | 20.86% | 11.38% | 1.20x | 1.53x | $86.54 Million |
| 1996 | 21.34% | 12.02% | 1.19x | 1.49x | $100.23 Million |
| 1997 | 21.09% | 12.46% | 1.16x | 1.46x | $109.95 Million |
| 1998 | 22.18% | 14.41% | 1.07x | 1.44x | $140.53 Million |
| 1999 | 18.11% | 10.17% | 0.83x | 2.15x | $107.33 Million |
| 2000 | 14.94% | 8.82% | 0.77x | 2.19x | $72.74 Million |
| 2001 | 13.88% | 7.77% | 0.84x | 2.12x | $62.25 Million |
| 2002 | 10.01% | 6.42% | 0.77x | 2.03x | $177.40K |
| 2003 | 10.81% | 8.44% | 0.64x | 2.02x | $14.67 Million |
| 2004 | 14.27% | 11.71% | 0.67x | 1.82x | $85.99 Million |
| 2005 | 18.28% | 13.43% | 0.81x | 1.69x | $176.10 Million |
| 2006 | 23.36% | 13.99% | 0.98x | 1.71x | $267.42 Million |
| 2007 | 11.99% | 13.55% | 0.37x | 2.38x | $74.95 Million |
| 2008 | -0.12% | -0.11% | 0.41x | 2.53x | $-356.39 Million |
| 2009 | 0.75% | 1.13% | 0.32x | 2.11x | $-374.89 Million |
| 2010 | -2.43% | -3.77% | 0.31x | 2.10x | $-492.99 Million |
| 2011 | -1.87% | -2.76% | 0.31x | 2.17x | $-449.94 Million |
| 2012 | -1.40% | -2.05% | 0.32x | 2.16x | $-428.70 Million |
| 2013 | 0.62% | 0.88% | 0.34x | 2.10x | $-369.43 Million |
| 2014 | 4.91% | 6.84% | 0.37x | 1.93x | $-212.75 Million |
| 2015 | 4.97% | 6.46% | 0.41x | 1.86x | $-224.24 Million |
| 2016 | 9.17% | 11.68% | 0.42x | 1.85x | $-37.76 Million |
| 2017 | 12.10% | 15.45% | 0.41x | 1.91x | $104.30 Million |
| 2018 | 9.91% | 11.77% | 0.45x | 1.89x | $-4.49 Million |
| 2019 | 10.99% | 12.53% | 0.46x | 1.89x | $55.48 Million |
| 2020 | 9.70% | 12.03% | 0.42x | 1.94x | $-18.23 Million |
| 2021 | 10.25% | 12.08% | 0.41x | 2.09x | $16.30 Million |
| 2022 | 8.31% | 7.87% | 0.51x | 2.05x | $-117.26 Million |
| 2023 | 12.47% | 11.99% | 0.53x | 1.94x | $184.86 Million |
| 2024 | 11.23% | 12.29% | 0.43x | 2.11x | $100.04 Million |
| 2025 | 12.68% | 13.63% | 0.48x | 1.96x | $228.49 Million |
Industry Comparison
This section compares Vulcan Materials Company's net assets metrics with peer companies in the Building Materials industry.
Industry Context
- Industry: Building Materials
- Average net assets among peers: $16,996,115,838
- Average return on equity (ROE) among peers: 38.17%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Vulcan Materials Company (VMC) | $8.49 Billion | 13.54% | 0.94x | $34.03 Billion |
| Amrize Ltd (AMRZ) | $9.20 Billion | 10.39% | 1.50x | $24.22 Billion |
| Capstone Holding Corp. Common Stock (CAPS) | $-879.00K | 0.00% | 0.00x | $2.74 Million |
| Captivision Inc (CAPT) | $2.72 Million | -216.91% | 12.48x | $6.53K |
| Cementos Pacasmayo SAA ADR (CPAC) | $1.98 Billion | 5.87% | 0.68x | $884.47 Million |
| Cemex SAB de CV ADR (CX) | $10.27 Billion | 7.33% | 1.70x | $17.28 Billion |
| Eagle Materials Inc (EXP) | $1.19 Billion | 38.93% | 1.35x | $5.97 Billion |
| James Hardie Industries PLC ADR (JHX) | $126.40 Million | 478.09% | 17.28x | $11.95 Billion |
| Knife River Corporation (KNF) | $1.27 Billion | 14.44% | 1.05x | $3.51 Billion |
| Loma Negra Compania Industrial Argentina SA ADR (LOMA) | $141.24 Billion | 28.28% | 0.45x | $1.30 Billion |
| Martin Marietta Materials Inc (MLM) | $4.68 Billion | 15.23% | 0.92x | $30.92 Billion |
About Vulcan Materials Company
Vulcan Materials Company produces and supplies construction aggregates in the United States. It operates through three segments: Aggregates, Asphalt, and Concrete. The company provides crushed stone, sand and gravel, sand, and other aggregates for use in construction and maintenance of highways, streets, and other public works, as well as in the construction of housing and commercial, industrial,… Read more