Vulcan Materials CoVMC -0.52%91 3-Year ROIIC % is 18.83 as of Dec. 2025, which is 62% above its 10-year median of 11.61. GuruFocus rates VMC with a GF Score™ of 91/100 and a GF Value™ of $277.27 (Modestly Overvalued). The stock has 6 warning signs investors should review. Among 382 Building Materials companies, Vulcan Materials Co ranks better than 70.68% on this metric.
3-Year Return on Invested Incremental Capital (3-Year ROIIC %) measures the change in earnings as a percentage of change in investment over 3-year.
Vulcan Materials Co's 3-Year ROIIC % for the quarter that ended in Dec. 2025 was 18.83%. High ROIIC is generally an indication that your business is capital efficient or has a higher operating leverage.
The industry rank for Vulcan Materials Co's 3-Year ROIIC % or its related term are showing as below:
VMC's 3-Year ROIIC % is ranked better than 70.68% of 382
companies
in the Building Materials industry
Industry Median: 5.445
vs VMC: 18.83
Vulcan Materials Co (NYSE:VMC) 3-Year ROIIC % Explanation
Return on Incremental Invested Capital (ROIIC) is an extension of Return on Investment Capital (ROIC). ROIC % tells investors how efficiently that profitability is earned per dollar of company capital. ROIIC narrows the focus even further and shows how profitable each additional unit of capital investment could be. ROIIC % is a more powerful metric than ROIC because it measures how much money the company can generate going forward on future capital investments.
High ROIIC is generally an indication that your business is capital efficient or has a higher operating leverage.
Be Aware
It's important to keep in mind that when tracking ROIIC, the metric is better suited to forecasting the trend of future returns rather than measuring current return on investment.
Vulcan Materials Co 3-Year ROIIC % Related Terms
Vulcan Materials Co 3-Year ROIIC % Historical Data
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The historical data trend for Vulcan Materials Co's 3-Year ROIIC % 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.
For the Building Materials subindustry, Vulcan Materials Co's 3-Year ROIIC %, along with its competitors' market caps and 3-Year ROIIC % 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.
Vulcan Materials Co 3-Year ROIIC % vs Building Materials Industry
For the Building Materials industry and Basic Materials sector, Vulcan Materials Co's 3-Year ROIIC % distribution charts can be found below:
* The bar in red indicates where Vulcan Materials Co's 3-Year ROIIC % falls into.
* 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.
** Annual data of NOPAT and Invested Capital was used to calculate 3-Year ROIIC %.
*** Please be aware that the ROIIC (Return on Invested Capital) calculations are based on company-level data using the primary share class. The calculated data provided is for demonstration purposes and may slightly differ from the results displayed in the title due to potential variations caused by currency exchange rate differences throughout the year.
Vulcan Materials Co (VMC) has a 3-Year ROIIC % of 18.83 as of Dec. 2025. 3-Year ROIIC % measures the change in earnings as a percentage of change in investment over 3-year. View historical data on Vulcan Materials Co and its competitors. This is 62% above median its historical median of 11.61. Over the past decade, Vulcan Materials Co's 3-Year ROIIC % has ranged from 1.72 to 28.28. According to the industry distribution chart, Vulcan Materials Co ranks #112 out of 382 companies in the Building Materials industry, placing it in the top 29.3%.
Is Vulcan Materials Co's 3-Year ROIIC % too high?
Vulcan Materials Co's current 3-Year ROIIC % of 18.83 is 62% above median its 10-year median of 11.61. Over the past 10 years, this metric has ranged from a low of 1.72 to a high of 28.28. The Building Materials industry median 3-Year ROIIC % is 5.45. Vulcan Materials Co's value of 18.83 is 245.8% above this industry median. Based on the distribution chart, Vulcan Materials Co ranks #112 out of 382 companies in the Building Materials industry, which is above the industry midpoint. Overall, Vulcan Materials Co has a GF Score™ of 91/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Vulcan Materials Co's 3-Year ROIIC % compare to MLM and JHX?
According to the Building Materials industry distribution chart, Vulcan Materials Co ranks #112 out of 382 companies for 3-Year ROIIC %. This puts Vulcan Materials Co in the upper half of its industry. The industry median 3-Year ROIIC % is 5.45. Vulcan Materials Co's value of 18.83 is 245.8% above this benchmark. Historically, Vulcan Materials Co's own 3-Year ROIIC % has ranged from 1.72 to 28.28 over the past decade. While the company's 10-year median is 11.61 vs. the industry median of 5.45, Vulcan Materials Co has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good 3-Year ROIIC % for a Building Materials company?
The median 3-Year ROIIC % among Building Materials companies is 5.45, based on 382 companies in the industry. Companies in the top quartile (top 25%) have a 3-Year ROIIC % significantly above this median, while those in the bottom quartile fall well below. However, 3-Year ROIIC % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Vulcan Materials Co's current 3-Year ROIIC % of 18.83 is 245.8% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high 3-Year ROIIC % mean?
A high 3-Year ROIIC % can signal that a stock is expensive relative to its fundamentals. 3-Year ROIIC % measures the change in earnings as a percentage of change in investment over 3-year. View historical data on Vulcan Materials Co and its competitors. For the Building Materials industry, the median 3-Year ROIIC % is 5.45 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Vulcan Materials Co's current 3-Year ROIIC % is 18.83, which is 62% above median its own 10-year median of 11.61. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Vulcan Materials Co stock overvalued right now?
Based on GuruFocus' analysis, Vulcan Materials Co (VMC) is currently considered Modestly Overvalued. The stock's GF Value™ is $277.27, compared to a current price of $311.35 — trading 12.3% above its estimated fair value. The current 3-Year ROIIC % is 18.83, which is 62% above median its 10-year median of 11.61 and 245.8% above the Building Materials industry median of 5.45. Vulcan Materials Co's overall GF Score™ is 91/100 with 6 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is 3-Year ROIIC % calculated?
3-Year ROIIC % is calculated from a company's financial statements. For Vulcan Materials Co (VMC), the current 3-Year ROIIC % is 18.83 as of Dec. 2025. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is Vulcan Materials Co (VMC) Overvalued in 2026?
Based on GuruFocus' analysis, Vulcan Materials Co stock appears to be overvalued.
The current stock price of $311.35 is trading 12.3% above its estimated GF Value™ of $277.27.
GuruFocus considers Vulcan Materials Co to be Modestly Overvalued.
Key valuation signals for VMC:
3-Year ROIIC %: 18.83 (62% above median its 10-year median of 11.61)
GF Value™: $277.27 vs. price of $311.35 (12.3% above fair value)
Industry Position: 245.8% above the Building Materials median (#112 of 382)
No single metric tells the full story. See the VMC stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Vulcan Materials is the United States' largest producer of construction aggregates (crushed stone, sand, and gravel). Its largest markets include Texas, California, Virginia, Tennessee, Georgia, Florida, North Carolina, and Alabama. In 2024, Vulcan sold 219.9 million tons of aggregates, 13.6 million tons of asphalt mix, and 3.6 million cubic yards of ready-mix. As of Dec. 31, 2024, the company had 16.5 billion tons of aggregate reserves.
91GF Score
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