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Martin Marietta Materials's earnings before interest and taxes (EBIT) for the three months ended in Sep. 2024 was $496 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Sep. 2024 was $2,745 Mil.
EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Martin Marietta Materials's annualized ROC % for the quarter that ended in Sep. 2024 was 9.98%. Martin Marietta Materials's annualized ROC (Joel Greenblatt) % for the quarter that ended in Sep. 2024 was 19.01%.
EBIT is also linked to Joel Greenblatt's definition of earnings yield. Martin Marietta Materials's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Sep. 2024 was 7.11%.
The historical data trend for Martin Marietta Materials's EBIT can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Martin Marietta Materials Annual Data | |||||||||||||||||||||
Trend | Dec14 | Dec15 | Dec16 | Dec17 | Dec18 | Dec19 | Dec20 | Dec21 | Dec22 | Dec23 | |||||||||||
EBIT | Get a 7-Day Free Trial | 877.60 | 1,007.40 | 998.20 | 1,260.10 | 1,658.10 |
Martin Marietta Materials Quarterly Data | ||||||||||||||||||||
Dec19 | Mar20 | Jun20 | Sep20 | Dec20 | Mar21 | Jun21 | Sep21 | Dec21 | Mar22 | Jun22 | Sep22 | Dec22 | Mar23 | Jun23 | Sep23 | Dec23 | Mar24 | Jun24 | Sep24 | |
EBIT | Get a 7-Day Free Trial | 581.00 | 383.10 | 1,454.00 | 412.00 | 496.00 |
For the Building Materials subindustry, Martin Marietta Materials's EV-to-EBIT, along with its competitors' market caps and EV-to-EBIT data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
For the Building Materials industry and Basic Materials sector, Martin Marietta Materials's EV-to-EBIT distribution charts can be found below:
* The bar in red indicates where Martin Marietta Materials's EV-to-EBIT falls into.
EBIT, sometimes also called Earnings Before Interest and Taxes, is a measure of a firm's profit that includes all expenses except interest and income tax expenses. It is the difference between operating revenues and operating expenses. When a firm does not have non-operating income, then Operating Income is sometimes used as a synonym for EBIT and operating profit.
EBIT for the trailing twelve months (TTM) ended in Sep. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $2,745 Mil.
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Martin Marietta Materials (NYSE:MLM) EBIT Explanation
1. EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition.
Martin Marietta Materials's annualized ROC % for the quarter that ended in Sep. 2024 is calculated as:
ROC % (Q: Sep. 2024 ) | ||||||
= | NOPAT | / | Average Invested Capital | |||
= | Operating Income * ( 1 - Tax Rate % ) | / | ( (Invested Capital (Q: Jun. 2024 ) | + | Invested Capital (Q: Sep. 2024 )) | / count ) |
= | 1972 * ( 1 - 20.74% ) | / | ( (15613 | + | 15707) | / 2 ) |
= | 1563.0072 | / | 15660 | |||
= | 9.98 % |
where
Invested Capital | (Q: Jun. 2024 ) | |||||||||||
= | Total Assets | - | Accounts Payable & Accrued Expense | - | Excess Cash | |||||||
= | Total Assets | - | Accounts Payable & Accrued Expense | - | ( Cash, Cash Equivalents, Marketable Securities | - | max(0, Total Current Liabilities | - | Total Current Assets | + | Cash, Cash Equivalents, Marketable Securities | )) |
= | 16333 | - | 611 | - | ( 109 | - | max(0, 1196 | - | 2229 | + | 109 | )) |
= | 15613 |
Invested Capital | (Q: Sep. 2024 ) | |||||||||||
= | Total Assets | - | Accounts Payable & Accrued Expense | - | Excess Cash | |||||||
= | Total Assets | - | Accounts Payable & Accrued Expense | - | ( Cash, Cash Equivalents, Marketable Securities | - | max(0, Total Current Liabilities | - | Total Current Assets | + | Cash, Cash Equivalents, Marketable Securities | )) |
= | 16469 | - | 710 | - | ( 52 | - | max(0, 993 | - | 2319 | + | 52 | )) |
= | 15707 |
Note: The Operating Income data used here is four times the quarterly (Sep. 2024) data.
2. Joel Greenblatt's definition of Return on Capital:
Martin Marietta Materials's annualized ROC (Joel Greenblatt) % for the quarter that ended in Sep. 2024 is calculated as:
ROC (Joel Greenblatt) % | (Q: Sep. 2024 ) | ||||||
= | EBIT | / | Average of (Net fixed Assets | + | Net Working Capital) | ||
= | EBIT | / | Average of (Property, Plant and Equipment | + | Net Working Capital) | ||
Q: Jun. 2024 | Q: Sep. 2024 | ||||||
= | EBIT | / | ( ( (Property, Plant and Equipment + Net Working Capital) | + | (Property, Plant and Equipment + Net Working Capital) ) | / | count ) |
= | 1984 | / | ( ( (8988 + max(1377, 0)) | + | (9090 + max(1423, 0)) ) | / | 2 ) |
= | 1984 | / | ( ( 10365 | + | 10513 ) | / | 2 ) |
= | 1984 | / | 10439 | ||||
= | 19.01 % |
where Working Capital is:
Working Capital | (Q: Jun. 2024 ) | ||||||||||
= | (Accounts Receivable | + | Total Inventories | + | Other Current Assets) | - | (Accounts Payable & Accrued Expense | + | Defer. Rev. | + | Other Current Liabilities) |
= | (909 | + | 1105 | + | 106) | - | (611 | + | 0 | + | 132) |
= | 1377 |
Working Capital | (Q: Sep. 2024 ) | ||||||||||
= | (Accounts Receivable | + | Total Inventories | + | Other Current Assets) | - | (Accounts Payable & Accrued Expense | + | Defer. Rev. | + | Other Current Liabilities) |
= | (916 | + | 1089 | + | 262) | - | (710 | + | 0 | + | 134) |
= | 1423 |
When net working capital is negative, 0 is used.
Note: The EBIT data used here is four times the quarterly (Sep. 2024) EBIT data.
3. It is also linked to Joel Greenblatt's definition of Earnings Yield:
Martin Marietta Materials's Earnings Yield (Joel Greenblatt) % for today is calculated as:
Earnings Yield (Joel Greenblatt) % | = | EBIT (TTM) | / | Enterprise Value (Q: Sep. 2024 ) |
= | 2745.1 | / | 38619.113 | |
= | 7.11 % |
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Thank you for viewing the detailed overview of Martin Marietta Materials's EBIT provided by GuruFocus.com. Please click on the following links to see related term pages.
Roselyn R Bar | officer: VP, Gen. Counsel and Secy | C/O MARTIN MARIETTA MATERIALS INC, 2710 WYCLIFF ROAD, RALEIGH NC 27607 |
C Howard Nye | officer: Pres & Chief Operating Officer | 2710 WYCLIFF ROAD, RALEIGH NC 27607 |
Sue W Cole | director | C/O US TRUST CO OF NORTH CAROLINA, 301 N. ELM ST., GREENSBORO NC 27401 |
Craig M Latorre | officer: Sr. VP, CHRO | 2710 WYCLIFF ROAD, RALEIGH NC 27607 |
Kelly Gean Bennett | officer: Sr VP, Human Resources | 4123 PARKLAKE AVENUE, RALEIGH NC 27612 |
Oliver W Brooks | officer: SVP - Enterprise Excellence | 4123 PARKLAKE AVENUE, RALEIGH NC 27612 |
John P Mohr | officer: SVP - CIO | 2710 WYCLIFF ROAD, RALEIGH NC 27607 |
Michael J Petro | officer: SVP - Strategy and Development | 4123 PARKLAKE AVENUE, RALEIGH NC 27612 |
Anthony R Foxx | director | 2710 WYCLIFF ROAD, RALEIGH NC 27607 |
Zelnak Stephen P Jr | director, officer: Chairman, President and CEO | MARTIN MARIETTA MATERIALS INC, 2710 WYCLIFF ROAD, RALEIGH NC 27607 |
David C Wajsgras | director | 870 WINTER STREET, WALTHAM MA 02451 |
John J Koraleski | director | MARTIN MARIETTA, 2710 WYCLIFF ROAD, RALEIGH NC 27607 |
Daniel L. Grant | officer: SVP - Strategy and Development | 2710 WYCLIFF ROAD, RALEIGH NC 27607 |
Thomas Pike | director | C/O ACCENTURE, 161 N. CLARK STREET, 23RD FLOOR, CHICAGO IL 60601 |
Laree E Perez | director | 1111 LOUISIANA STREET, HOUSTON TX 77002 |
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