Martin Marietta Materials (MLM) Tax Rate (2009 - 2026)
Martin Marietta Materials' (MLM) quarterly Tax Rate came in at 20.0% in Q2 2026, little changed on a YoY basis from 20.0% in Q2 2025, and down 38.42% quarter-over-quarter from 32.48% in Q1 2026.
Analysis
Martin Marietta Materials (MLM) Tax Rate (2009 - 2026) Analysis & Trends
Martin Marietta Materials (MLM) has reported Tax Rate for 18 consecutive years, with 20.0% the latest figure, recorded in Q2 2026.
- For the quarter ending Q2 2026, Tax Rate changed 0.0% year-over-year to 20.0%; the trailing twelve-month figure through Jun 2026 stood at 22.21% (up 297.0% YoY), and the FY2025 full-year result was 21.04%, down 220.0% from the prior year.
- Tax Rate declined to 20.0% in Q2 2026 per MLM's latest filing, from 32.48% in the prior quarter.
- Across five years, Tax Rate topped out at 32.48% in Q1 2026 and bottomed at 15.7% in Q4 2024.
- Historically, Tax Rate has averaged 21.82% across 5 years, with a median of 20.94% in 2023.
- The sharpest annual moves came in 2022 and 2024: Tax Rate jumped 1273 bps in 2022, then plunged 1062 bps in 2024.
- Over 5 years, Tax Rate stood at 19.58% in 2022, then surged by 34 bps to 26.32% in 2023, then sank by 40 bps to 15.7% in 2024, then jumped by 55 bps to 24.37% in 2025, then declined by 18 bps to 20.0% in 2026.
- According to Business Quant data, Tax Rate over the past three periods registered 20.0%, 32.48%, and 24.37% for Q2 2026, Q1 2026, and Q4 2025 respectively.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Tax Rate (Qtr) |
|---|---|---|---|---|---|
| 1 | Vulcan Materials | 32.45 Bn | 32.25 Bn | 625.50 Mn | 20.12% |
| 2 | Martin Marietta Materials | 30.29 Bn | 30.17 Bn | 495.00 Mn | 20.00% |
| 3 | Knife River | 3.31 Bn | 3.21 Bn | 162.77 Mn | 26.67% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 20.00% |
| Mar 31, 2026 | 32.48% |
| Dec 31, 2025 | 24.37% |
| Sep 30, 2025 | 19.78% |
| Jun 30, 2025 | 20.00% |
| Mar 31, 2025 | 21.21% |
| Dec 31, 2024 | 15.70% |
| Sep 30, 2024 | 20.59% |
| Jun 30, 2024 | 20.97% |
| Mar 31, 2024 | 26.03% |
| Dec 31, 2023 | 26.32% |
| Sep 30, 2023 | 20.37% |
| Jun 30, 2023 | 20.91% |
| Mar 31, 2023 | 21.05% |
| Dec 31, 2022 | 19.58% |
| Sep 30, 2022 | 21.38% |
| Jun 30, 2022 | 22.82% |
| Mar 31, 2022 | 19.21% |
| Dec 31, 2021 | 6.85% |
| Sep 30, 2021 | 19.99% |