Question 1

What is Vulcan Materials's P/FCF ratio?

Accepted Answer

Vulcan Materials (VMC) P/FCF ratio is 32.8× as of July 22, 2026. The ratio is calculated by dividing market capitalisation by trailing twelve-month free cash flow, using USD-normalised financials (IAS 21 exchange-rate translation for non-USD reporters).

Question 2

How is the P/FCF ratio calculated?

Accepted Answer

P/FCF = Market Capitalisation ÷ Trailing Twelve-Month (TTM) Free Cash Flow, where Free Cash Flow = Operating Cash Flow − Capital Expenditures. All inputs are sourced from audited GAAP/IFRS filings and translated to USD using period-end exchange rates so the multiple is comparable across companies and currencies.

Question 3

What is the P/FCF ratio?

Accepted Answer

The price-to-free-cash-flow (P/FCF) ratio compares a company's market capitalisation to its trailing twelve-month (TTM) free cash flow. It is calculated as market cap ÷ TTM free cash flow, where free cash flow = operating cash flow − capital expenditures. Because FCF cannot be inflated by non-cash accounting items, P/FCF is often considered a cleaner measure of "earnings-power valuation" than P/E — especially for capital-intensive businesses where depreciation diverges from real cash outflows.

Question 4

What is a good P/FCF ratio for Vulcan Materials?

Accepted Answer

Mature companies that consistently convert profit into cash often trade at 15–25× P/FCF; capital-intensive businesses with lumpy capex typically trade lower. Compare against sector peers and against the company's own multi-year average — single-year P/FCF can be distorted by working-capital swings. For Vulcan Materials specifically, the relevant sector benchmark is the current sector median of 25.9×.

Question 5

Is Vulcan Materials's P/FCF ratio high or low?

Accepted Answer

Vulcan Materials's P/FCF ratio of 32.8× is below its own 5-year average of 42.5× and above the sector median of 25.9×. That places the current reading at the 5th percentile of its 10-year history. A higher multiple usually reflects stronger expected growth, lower perceived risk, or higher returns on capital; a lower multiple reflects the opposite.

Question 6

What is Vulcan Materials's historical P/FCF ratio range?

Accepted Answer

In the available daily series, Vulcan Materials (VMC) P/FCF ratio has ranged from a low of 12.7× in 2003 to a high of 249.3× in 2015. The 5-year average is 42.5× and the 5-year median is 42.5×.

Question 7

What was Vulcan Materials's P/FCF ratio in 2025?

Accepted Answer

Vulcan Materials (VMC) P/FCF ratio at the end of 2025 was 33.1×. Annual values reflect the multiple on the last trading day of each calendar year, using the trailing twelve-month free cash flow figure available at that date.

Question 8

Why does Vulcan Materials's P/FCF ratio change over time?

Accepted Answer

Valuation multiples move with two inputs: the numerator (market capitalisation, which tracks the share price) and the denominator (free cash flow). Share-price changes — driven by interest rates, earnings expectations, risk appetite, and broader market sentiment — typically dominate short-term moves, while changes in the underlying fundamental drive the longer-term trend. As a result, the ratio can rise during stock-price rallies even if the business itself has not become more valuable, and fall during sell-offs even when fundamentals are improving.


2025	$37.6B	$1.14B	33.1×	-9.1×	Dec 31, 2025
2024	$34B	$806M	42.2×	-3.1×	Dec 31, 2024
2023	$30.1B	$664M	45.4×	+1.9×	Dec 31, 2023
2022	$23.3B	$536M	43.5×	-5.7×	Dec 31, 2022
2021	$27.6B	$561M	49.2×	+21.4×	Dec 31, 2021
2020	$19.7B	$708M	27.8×	-4.0×	Dec 31, 2020
2019	$19.1B	$600M	31.8×	-4.1×	Dec 31, 2019
2018	$13B	$364M	35.9×	-56.0×	Dec 31, 2018
2017	$17B	$185M	91.9×	+35.5×	Dec 31, 2017
2016	$16.6B	$294M	56.3×	-2.9×	Dec 31, 2016
2015	$12.7B	$214M	59.3×	-185.4×	Dec 31, 2015
2014	$8.68B	$35.5M	244.6×	+154.1×	Dec 31, 2014
2013	$7.75B	$85.6M	90.5×	+43.9×	Dec 31, 2013
2012	$6.76B	$145M	46.6×	-26.1×	Dec 31, 2012
2011	$5.1B	$70.1M	72.7×	+23.6×	Dec 31, 2011
2010	$5.71B	$116M	49.0×	+29.7×	Dec 31, 2010
2009	$6.63B	$343M	19.3×	-74.4×	Dec 31, 2009
2008	$7.68B	$82M	93.7×	+55.5×	Dec 31, 2008
2007	$8.59B	$225M	38.2×	-21.1×	Dec 31, 2007
2006	$8.55B	$144M	59.3×	+32.9×	Dec 31, 2006
2005	$6.81B	$258M	26.5×	+11.5×	Dec 31, 2005
2004	$5.62B	$377M	14.9×	-0.0×	Dec 31, 2004
2003	$4.86B	$325M	15.0×	-3.0×	Dec 31, 2003
2002	$3.82B	$213M	17.9×	—	Dec 31, 2002


Solstice Advanced Materials (SOLS)	93.8×
Nucor (NUE)	74.2×
Air Products and Chemicals (APD)	58.4×
International Flavors & Fragrances (IFF)	46.7×
Linde (LIN)	45.1×
Ecolab (ECL)	40.1×
Albemarle (ALB)	36.7×
International Paper (IP)	35.2×
Steel Dynamics (STLD)	34.7×
Martin Marietta Materials (MLM)	34.3×
Corteva (CTVA)	27.5×
Sherwin-Williams (SHW)	27.1×
H.B. Fuller (FUL)	24.8×
CRH (CRH)	24.4×
Agnico Eagle Mines (AEM)	22.3×
PPG Industries (PPG)	19.5×
Eastman Chemical (EMN)	17.5×
DuPont de Nemours (DD)	17.0×
Avient (AVNT)	16.2×
Freeport-McMoRan (FCX)	13.6×
CF Industries Holdings (CF)	12.4×
Builders FirstSource (BLDR)	10.5×
Newmont (NEM)	9.6×
LyondellBasell (LYB)	9.3×
Ashland (ASH)	7.6×

P/FCF Ratio for Vulcan Materials (VMC) 2002-2026

P/FCF Ratio daily chart for Vulcan Materials (VMC)

Historical P/FCF Ratio for Vulcan Materials (VMC) from 2002 to 2025

About P/FCF Ratio at Vulcan Materials (VMC)

Vulcan Materials P/FCF Ratio by Year

Vulcan Materials P/FCF Ratio 2025: 33.1×

Vulcan Materials P/FCF Ratio 2024: 42.2×

Vulcan Materials P/FCF Ratio 2023: 45.4×

Vulcan Materials P/FCF Ratio 2022: 43.5×

Vulcan Materials P/FCF Ratio 2021: 49.2×

Sector peers by P/FCF Ratio — chart

Sector peers by P/FCF Ratio — table

Frequently asked questions

Vulcan Materials (VMC) Key Financials