# Vulcan Materials (VMC) Forecast Calculator

Interactive five-year financial forecast and DCF for Vulcan Materials. Adjust revenue growth, margins, capex, and WACC to update revenue, free cash flow, and enterprise value.

- Canonical: https://finamodel.com/companies/vulcan-materials/forecast
- Industry: Industrials
- Forecast start year: 2026

## Historical data

| Year | Revenue | Free cash flow | EBITDA | Net income |
|---:|---:|---:|---:|---:|
| 2021 | 4929100000 | 600000000 | 1252100000 | 617700000 |
| 2022 | 4856800000 | 708200000 | 1292500000 | 584500000 |
| 2023 | 5552200000 | 560600000 | 1473800000 | 670800000 |
| 2024 | 7315200000 | 535600000 | 1538900000 | 575600000 |
| 2025 | 7781900000 | 664200000 | 2044400000 | 933200000 |

## Frequently asked questions

### What does Vulcan Materials Company primarily produce?

Vulcan Materials Company is the largest producer of construction aggregates in the United States, including crushed stone, sand, and gravel. They also produce aggregates-based construction materials like asphalt mix and ready-mixed concrete, which are essential for various construction projects.

### How does Vulcan Materials Company generate its revenue?

Vulcan Materials generates revenue primarily from its Aggregates segment, which accounts for approximately 75% of total revenue and over 90% of gross profit. Additional revenue comes from their Asphalt and Concrete segments. The company benefits from strong aggregates pricing power and infrastructure-driven volume growth, particularly in high-growth Sunbelt states.

### What is the assumed revenue growth rate in the Vulcan Materials financial model?

The financial model for Vulcan Materials Company assumes a revenue growth rate of approximately 12.1% for the FY2026–FY2030 forecast horizon. This is a key assumption used to project the company's future financial performance. Other significant assumptions include COGS as a percentage of revenue at about 75.4% and SGA at approximately 7.3%.

### What is the main purpose of the Vulcan Materials Company financial model?

The primary purpose of the Vulcan Materials financial model is to evaluate the company's equity valuation and its capacity for cash flow generation. Analysts can use this model to determine if the company's strong aggregates pricing power and infrastructure-driven volume growth justify its current market valuation.

### Is there a downloadable Excel financial model available for Vulcan Materials?

Yes, an Excel financial model for Vulcan Materials Company is available for download. This model allows users to analyze the company's financial performance and input their own assumptions for forecasting.

### What is Vulcan Materials Company's approach to capital expenditure and M&A?

Vulcan Materials allocates approximately 8-9% of its revenue to capital expenditure, with roughly 60% dedicated to maintenance and 40% to growth initiatives. The company is also a serial bolt-on acquirer, regularly purchasing independent quarries to expand its mineral reserve base and geographic footprint.