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US producer of lime and limestone products for construction, steel, water treatment and environmental uses.
US producer of lime and limestone products for construction, steel, water treatment and environmental uses.
Sells lime and limestone by the tonne from its own quarries and kilns, mostly in Texas and neighbouring southern states, to steel, construction, water-treatment, environmental and oil-and-gas-service customers; natural gas to fire the kilns is a main cost. Lime is heavy to ship, so each plant serves a short-haul market.
Moat: narrow (scale, regulatory licence, distribution). Owns quarries near customers; lime is costly to ship far and new-quarry permits are scarce.
Headquarters: Dallas, Texas, US · Employees: 346
Size United States Lime & Minerals (USLM) is a United States Materials company (Construction Materials) with a market value of $3.39B, the 1460th largest of 3,117 United States companies the cockpit tracks. Shares closed at $118.10 on 6 Nov 2026.
Performance Over six months the shares gained 7.3%, against -11.6% for the median peer and -1.1% for the United States market (cap-weighted) — 6th highest of 20 in its peer set.
Growth Revenue grew 4.5% over the last twelve months (peer median -0.9%); the operating margin is 41.2% (peer median 10.0%).
Valuation It trades at 19.6× forward earnings against a peer median of 13.6× (5th most expensive of 18).
Price implies For today's price to make sense, revenue must grow about 5% a year for seven years (Req g). Recent delivered growth is +18%, so the hurdle is -13 pp: the price already allows for a slowdown.
Capital Return on invested capital runs 33.3 points above its cost of capital (8.3% WACC).
Short interest Short interest is 4.0% of the free float (15 Oct 2026).
Next results Next results expected around 29 Jan 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | $381M | $373M | $318M | $281M | $236M |
| Revenue growth | — | +17% | +13% | +19% | — |
| Gross profit | $181M | $182M | $144M | $103M | $70.1M |
| EBITDA | $183M | $183M | $149M | $109M | $77.0M |
| Net income | $134M | $134M | $109M | $74.5M | $45.4M |
| Free cash flow | $98.7M | $102M | $98.6M | $58.0M | $37.5M |
| Capital expenditure | $70.1M | $62.7M | $27.4M | $34.2M | $26.8M |
| Total debt | $4.31M | $4.01M | $5.04M | $5.50M | $5.54M |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
| Company | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g |
|---|---|---|---|---|---|---|
| United States Lime & Minerals USLM | $3.39B | +7% | +4% | 41% | 19.6× | 5.1% |
| Martin Marietta Materials MLM | $36.8B | -12% | +9% | 20% | 28.8× | 23.2% |
| Vulcan Materials VMC | $36.3B | 0% | +2% | 21% | 29.5× | 18.7% |
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | USLM | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | +8.3% | +3.0% | 6th highest of 21 |
| 6-month return | +7.3% | -11.6% | 6th highest of 20 |
| Distance from 52-week high | -16.5% | -31.0% | 7th highest of 21 |
| Revenue growth (TTM) | +4.5% | -0.9% | 8th highest of 21 |
| Operating margin | 41.2% | 10.0% | 2nd highest of 21 |
| Forward P/E | 19.6× | 13.6× | 5th most expensive of 18 |
| Growth the price implies (Req g, 7 yrs) | 5.1% | 5.6% | 8th least demanding of 18 |
| Growth delivered (Del g) | +18.3% | +6.0% | 2nd highest of 18 |
| Hurdle (Req g minus delivered) | -13.2 pp | +1.9 pp | 2nd least demanding of 18 |
| ROIC minus cost of capital | +33.3 pp | -2.2 pp | highest of 21 |
| EV / EBITDA | 16.1× | 9.2× | most expensive of 14 |
| Net debt / EBITDA | -2.4× | 2.3× | least indebted of 14 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| United States Lime & Minerals USLM | United States | $3.39B | +7% | +4% | 41% | 19.6× | 5.1% | +18.3% |
| Tianshan Material 000877.SZ | China | $3.47B | -30% | -17% | -13% | n/a | 5.6% | -14.5% |
| Vicat VCT.PA | France | $3.29B | +6% | +5% | 11% | 10.2× | 0.2% | +6.6% |
| Knife River KNF | United States | $3.20B | -38% | +11% | 9% | 23.1× | n/a | n/a |
| Taiheiyo Cement 5233.T | Japan | $3.03B | +19% | +1% | 8% | 7.7× | 0.8% | +0.8% |
| Asia Cement 1102.TW | Taiwan | $3.92B | +5% | -10% | 10% | 11.0× | 5.6% | -1.9% |
| China National Building Material 3323.HK | Hong Kong | $2.76B | -51% | 0% | 2% | 25.2× | 25.1% | -7.7% |
| FangDa Carbon New Material 600516.SS | China | $2.74B | -20% | +17% | -4% | 226.5× | n/a | n/a |
| Cementir CEM.MI | Italy | $2.70B | +5% | -2% | 13% | 12.8× | 4.3% | +6.0% |
| Cementos Molins CMO.MC | Spain | $2.70B | n/a | +14% | 12% | 13.6× | 8.9% | +12.5% |
| Beijing New Building Materials (Group) 000786.SZ | China | $4.41B | -33% | -3% | 10% | 11.4× | -2.3% | +8.4% |
| Imerys NK.PA | France | $2.41B | +11% | -2% | 6% | 15.4× | 7.4% | -2.3% |
| FLSmidth & Co. A/S FLS.CO | Denmark | $4.88B | +22% | -20% | 13% | 13.9× | 2.8% | -2.3% |
| Titan America TTAM | United States | $2.08B | -32% | +5% | 15% | 10.5× | 1.0% | +6.9% |
| YOUNGY 002192.SZ | China | $2.03B | -52% | +315% | 60% | n/a | 4.9% | +16.8% |
| Eagle Materials EXP | United States | $5.71B | -12% | +2% | 22% | 16.1× | 9.7% | +7.3% |
| Sichuan Hexie Shuangma 000935.SZ | China | $1.98B | -35% | -14% | 15% | 13.8× | n/a | n/a |
| SigmaRoc SRC.L | United Kingdom | $1.95B | +14% | +4% | 15% | 12.1× | 12.4% | +52.8% |
| Gansu Shangfeng Materials 000672.SZ | China | $1.88B | -6% | -23% | 7% | 4.5× | 10.2% | -6.1% |
| TCC 1101.TW | Taiwan | $6.09B | +11% | -6% | 8% | 29.2× | 9.1% | +7.2% |
| BBMG 2009.HK | Hong Kong | $1.87B | -20% | -22% | -4% | n/a | 42.3% | -4.0% |