United States Lime & Minerals (USLM)
Market Price (10/16/2026): $107.06 | Market Cap: $3.1 BilSector: Materials | Industry: Construction Materials
United States Lime & Minerals (USLM)
Market Price (10/16/2026): $107.06Market Cap: $3.1 BilSector: MaterialsIndustry: Construction Materials
Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.
Cash is significant % of market capNet D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is -13% Attractive cash flow generationCFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 43%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is 24% Low stock price volatilityVol 12M is 38% Megatrend and thematic driversMegatrends include Water Infrastructure, and Sustainable Resource Management. Themes include Water Treatment & Delivery, Wastewater Management, Show more. | Weak multi-year price returns2Y Excs Rtn is -27% | Key risksUSLM key risks include [1] heavy reliance on cyclical industries such as construction, Show more. |
| Cash is significant % of market capNet D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is -13% |
| Attractive cash flow generationCFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 43%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is 24% |
| Low stock price volatilityVol 12M is 38% |
| Megatrend and thematic driversMegatrends include Water Infrastructure, and Sustainable Resource Management. Themes include Water Treatment & Delivery, Wastewater Management, Show more. |
| Weak multi-year price returns2Y Excs Rtn is -27% |
| Key risksUSLM key risks include [1] heavy reliance on cyclical industries such as construction, Show more. |
Qualitative Assessment
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United States Lime & Minerals (USLM) stock has remained largely at the same level since 6/30/2026 because of the following key factors:
1. Fiscal Q2 2026 Earnings Missed Analyst Expectations.
United States Lime & Minerals reported its fiscal Q2 2026 earnings on July 29, 2026, with an Earnings Per Share (EPS) of $1.20, falling short of the consensus analyst estimate of $1.30 by $0.10. Additionally, the reported quarterly revenue of $99.13 million was below analysts' expectations of $108 million. This negative earnings surprise likely exerted downward pressure on the stock during the period.
2. Persistent Macroeconomic Headwinds from Material Cost Inflation and Supply Chain Pressures.
The construction materials sector, in which USLM operates, continued to contend with significant inflationary pressures and supply chain challenges. Overall construction material prices experienced a substantial increase of 55.6% between February 2020 and August 2026. Specific cost drivers such as diesel fuel, structural steel, aluminum, copper, and freight costs all saw meaningful pressure, with the yearly producer price index for new nonresidential construction inputs up 8.4% year-over-year through May 2026. Furthermore, labor costs increased due to previously negotiated union agreements. These factors constrained profit margins despite consistent demand.
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United States Lime & Minerals (USLM) stock has remained largely at the same level since 6/30/2026 because of the following key factors:
1. Fiscal Q2 2026 Earnings Missed Analyst Expectations.
United States Lime & Minerals reported its fiscal Q2 2026 earnings on July 29, 2026, with an Earnings Per Share (EPS) of $1.20, falling short of the consensus analyst estimate of $1.30 by $0.10. Additionally, the reported quarterly revenue of $99.13 million was below analysts' expectations of $108 million. This negative earnings surprise likely exerted downward pressure on the stock during the period.
2. Persistent Macroeconomic Headwinds from Material Cost Inflation and Supply Chain Pressures.
The construction materials sector, in which USLM operates, continued to contend with significant inflationary pressures and supply chain challenges. Overall construction material prices experienced a substantial increase of 55.6% between February 2020 and August 2026. Specific cost drivers such as diesel fuel, structural steel, aluminum, copper, and freight costs all saw meaningful pressure, with the yearly producer price index for new nonresidential construction inputs up 8.4% year-over-year through May 2026. Furthermore, labor costs increased due to previously negotiated union agreements. These factors constrained profit margins despite consistent demand.
3. Mixed Demand Environment in the Construction Market.
The broader construction market presented a mixed demand picture. While overall construction spending remained relatively steady, segments such as infrastructure, data centers, and utilities experienced strong investment. For instance, office construction spending, which includes data centers, increased 24.6% year-over-year in August 2026. However, this was offset by weaker manufacturing activity and competitive bidding in other portions of the market, where input costs rose faster than contractor bid pricing. This balanced, yet challenging, market condition contributed to the stock's largely stable trend.
4. Absence of Significant New Company-Specific Catalysts.
During fiscal Q3 2026 (July 1 to September 30, 2026), there was a lack of major new company-specific announcements or strategic developments beyond the Q2 earnings report. No insider trading transactions exceeding the USD 5 million threshold were reported during this period that would typically influence significant stock movement. The absence of such catalysts meant the stock's movement was primarily influenced by its previous earnings performance and the prevailing macroeconomic environment.
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Stock Movement Drivers
Fundamental Drivers
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Market Drivers
6/30/2026 to 10/15/2026| Return | Correlation | |
|---|---|---|
| USLM | 0.3% | |
| Market (SPY) | 3.4% | 26.2% |
| Sector (XLB) | -2.3% | 47.1% |
Fundamental Drivers
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Market Drivers
3/31/2026 to 10/15/2026| Return | Correlation | |
|---|---|---|
| USLM | -19.6% | |
| Market (SPY) | 19.0% | 24.8% |
| Sector (XLB) | -0.2% | 36.3% |
Fundamental Drivers
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Market Drivers
9/30/2025 to 10/15/2026| Return | Correlation | |
|---|---|---|
| USLM | -20.1% | |
| Market (SPY) | 16.8% | 37.3% |
| Sector (XLB) | 12.3% | 41.1% |
Fundamental Drivers
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Market Drivers
9/30/2023 to 10/15/2026| Return | Correlation | |
|---|---|---|
| USLM | 162.9% | |
| Market (SPY) | 86.7% | 46.5% |
| Sector (XLB) | 33.3% | 43.9% |
Price Returns Compared
| 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Total [1] | |
|---|---|---|---|---|---|---|---|
| Returns | |||||||
| USLM Return | 14% | 10% | 64% | 189% | -10% | -12% | 370% |
| Peers Return | 41% | -15% | 56% | 53% | 9% | -22% | 144% |
| S&P 500 Return | 27% | -19% | 24% | 23% | 16% | 14% | 108% |
Monthly Win Rates [3] | |||||||
| USLM Win Rate | 58% | 42% | 67% | 75% | 42% | 50% | |
| Peers Win Rate | 72% | 40% | 63% | 62% | 62% | 36% | |
| S&P 500 Win Rate | 75% | 42% | 67% | 75% | 67% | 50% | |
Max Drawdowns [4] | |||||||
| USLM Max Drawdown | -27% | -22% | -14% | -19% | -36% | -30% | |
| Peers Max Drawdown | -17% | -33% | -17% | -18% | -25% | -32% | |
| S&P 500 Max Drawdown | -5% | -25% | -10% | -8% | -19% | -9% | |
[1] Cumulative total returns since the beginning of 2021
[2] Peers: CRH, VMC, MLM, EXP, USLM.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2026 data is for the year up to 10/15/2026 (YTD)
How Low Can It Go
| Event | USLM | S&P 500 |
|---|---|---|
| 2025 US Tariff Shock | ||
| % Loss | -17.6% | -18.8% |
| % Gain to Breakeven | 21.3% | 23.1% |
| Time to Breakeven | 65 days | 79 days |
| 2023 SVB Regional Banking Crisis | ||
| % Loss | -11.1% | -6.7% |
| % Gain to Breakeven | 12.5% | 7.1% |
| Time to Breakeven | 45 days | 31 days |
| 2022 Inflation Shock & Fed Tightening | ||
| % Loss | -21.1% | -24.5% |
| % Gain to Breakeven | 26.7% | 32.4% |
| Time to Breakeven | 34 days | 427 days |
| 2020 COVID-19 Crash | ||
| % Loss | -26.9% | -33.7% |
| % Gain to Breakeven | 36.8% | 50.9% |
| Time to Breakeven | 28 days | 140 days |
| Q4 2018 Fed Policy Error / Growth Scare | ||
| % Loss | -10.9% | -19.2% |
| % Gain to Breakeven | 12.3% | 23.8% |
| Time to Breakeven | 97 days | 105 days |
| 2015-2016 China Devaluation / Global Growth Scare | ||
| % Loss | -14.8% | -12.2% |
| % Gain to Breakeven | 17.3% | 13.9% |
| Time to Breakeven | 62 days | 62 days |
In The Past
United States Lime & Minerals's stock fell -17.6% during the 2025 US Tariff Shock. Such a loss loss requires a 21.3% gain to breakeven.
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Asset Allocation
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| Event | USLM | S&P 500 |
|---|---|---|
| 2022 Inflation Shock & Fed Tightening | ||
| % Loss | -21.1% | -24.5% |
| % Gain to Breakeven | 26.7% | 32.4% |
| Time to Breakeven | 34 days | 427 days |
| 2020 COVID-19 Crash | ||
| % Loss | -26.9% | -33.7% |
| % Gain to Breakeven | 36.8% | 50.9% |
| Time to Breakeven | 28 days | 140 days |
| 2014-2016 Oil Price Collapse | ||
| % Loss | -26.1% | -6.8% |
| % Gain to Breakeven | 35.4% | 7.3% |
| Time to Breakeven | 293 days | 15 days |
| 2008-2009 Global Financial Crisis | ||
| % Loss | -36.3% | -53.4% |
| % Gain to Breakeven | 56.9% | 114.4% |
| Time to Breakeven | 20 days | 1085 days |
In The Past
United States Lime & Minerals's stock fell -17.6% during the 2025 US Tariff Shock. Such a loss loss requires a 21.3% gain to breakeven.
Preserve Wealth
Limiting losses and compounding gains is essential to preserving wealth.
Asset Allocation
Actively managed asset allocation strategies protect wealth. Learn more.
About United States Lime & Minerals (USLM)
United States Lime & Minerals, Inc. (USLM) is a manufacturer and supplier of various lime and limestone products. The company sources limestone from its open-pit quarries and an underground mine, processing it into essential materials such as pulverized limestone, quicklime, hydrated lime, and lime slurry.
These processed products serve a broad and diverse customer base across multiple industries. USLM supplies its products to the construction sector for highways, roads, and buildings; industrial customers including paper and glass manufacturers, and roof shingle producers; and environmental facilities for municipal sanitation, water treatment, and flue gas processes. Additionally, the company provides products to steel producers, oil and gas services companies, and the agricultural sector for poultry and cattle feed. USLM also holds royalty and non-operating working interests in natural gas wells located in the Barnett Shale Formation in Johnson County, Texas, offering a supplementary revenue stream.
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Here are a few analogies to describe United States Lime & Minerals (USLM):
- Like Vulcan Materials, but focused on lime and limestone products instead of aggregates.
- A specialized version of Cemex, providing foundational lime and limestone materials for various industries.
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- Pulverized Limestone: Limestone that has been crushed and ground into a fine powder, used in various construction and industrial applications.
- Quicklime: A high-calcium lime produced by heating limestone, primarily used in steel production, environmental applications, and construction.
- Hydrated Lime: A white powder created by adding water to quicklime, utilized in environmental treatment, construction, and industrial processes.
- Lime Slurry: A mixture of lime and water, often used in water treatment, pH adjustment, and other industrial applications.
- Oil and Gas Royalty Interests: Revenue generated from royalty and non-operating working interests in natural gas wells located in the Barnett Shale Formation.
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Major Customers of United States Lime & Minerals (USLM)
United States Lime & Minerals (USLM) sells its products primarily to other companies.
The provided company description does not list the names of specific customer companies. Instead, it identifies major customer categories, which include:
- Construction customers, such as highway, road, and building contractors.
- Industrial customers, including paper and glass manufacturers.
- Environmental customers, comprising municipal sanitation and water treatment facilities, and flue gas treatment processes.
- Steel producers.
- Oil and gas services companies.
- Roof shingle manufacturers.
- Poultry and cattle feed producers.
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Timothy W. Byrne, President & Chief Executive Officer
Mr. Byrne rejoined United States Lime & Minerals, Inc. as President and Chief Executive Officer in December 2000, positions he had previously held from 1997 to 1998. He has served various other roles within the company, including Senior Vice President, Chief Financial Officer, and Vice President of Finance and Administration from 1990 to 1998. Prior to rejoining in 2000, Mr. Byrne was president of Rainmaker Interactive, Inc., an Internet services and communications company focused on strategy, marketing, and technology. He also previously served as a Partner at a consulting and accounting firm in Washington, D.C. Mr. Byrne is a past president of the National Lime Association.
Michael L. Wiedemer, Vice President & Chief Financial Officer
Mr. Wiedemer has served as Vice President and Chief Financial Officer of United States Lime & Minerals, Inc. since September 18, 2017. In this capacity, he is responsible for the company's overall financial strategy and management, overseeing aspects such as accounting, financial planning and analysis, treasury, tax, and investor relations. Prior to this role, he served as Corporate Controller for TearLab Corporation.
Nathan M. O'Neill, Vice President of Production
Mr. O'Neill joined United States Lime & Minerals, Inc. in 2008 as the Quality Control Manager of Arkansas Lime Company. He then served as the Vice President and Plant Manager of Arkansas Lime Company from 2012, with responsibility for all on-site operations, including major capital projects and customer interfacing. Mr. O'Neill was promoted to Vice President – Production in February 2023. His career in the lime industry began at Linwood Mining as a quality control chemist.
Timothy Wade Stone, Vice President of Sales & Marketing
Mr. Stone holds the position of Vice President of Sales & Marketing at United States Lime & Minerals, Inc.
M. Michael Owens, Secretary & Treasurer
Mr. Owens has served as Secretary and Treasurer at United States Lime & Minerals, Inc. since August 9, 2002. He also previously held the positions of Chief Financial Officer and Vice President from August 9, 2002, to September 18, 2017, and served as Principal Accounting Officer for the company. Additionally, Mr. Owens served as Chief Financial Officer, Principal Accounting Officer, Vice President, Secretary, and Treasurer of IonSpec Corporation. Before joining United States Lime & Minerals Inc., he was Vice President of Finance at Sunshine Mining and Refining Company, a silver mining company, where he held various financial and accounting officer positions from 1983 to 2002. Mr. Owens possesses over 25 years of financial and accounting experience.
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Key Risks to the Business of United States Lime & Minerals (USLM)
- Exposure to Cyclical End Markets: A significant portion of United States Lime & Minerals' revenue is derived from industries highly sensitive to economic fluctuations, including construction (highway, road, building contractors, roof shingle manufacturers), steel production, and oil and gas services companies. Downturns or reduced activity in these sectors can lead to decreased demand for their pulverized limestone, quicklime, hydrated lime, and lime slurry products, thereby impacting sales volumes and profitability.
- Volatility of Energy Costs: The manufacturing process for lime is energy-intensive. Significant fluctuations or increases in energy costs, particularly natural gas which is a primary fuel source for lime kilns, can directly impact the company's operating expenses and compress profit margins for its core lime and limestone products.
- Natural Gas Price Volatility Affecting Royalty Income: United States Lime & Minerals holds various royalty and non-operating working interests in natural gas wells in the Barnett Shale Formation. Fluctuations in natural gas commodity prices directly influence the revenue generated from these interests, introducing an element of volatility to the company's overall income.
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The global energy transition away from fossil fuels, driven by climate change concerns, advancements in renewable energy technologies, and increasing regulatory and investor pressure, represents a clear emerging threat to the long-term value and profitability of the company's oil and gas royalty and non-operating working interests.
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United States Lime & Minerals (USLM) operates within several addressable markets in the United States, primarily for its lime and limestone products. The key markets and their estimated sizes are as follows:
U.S. Lime Market
The overall U.S. lime market, which includes quicklime, hydrated lime, pulverized lime, and lime slurry, was valued at approximately USD 2.3 billion in 2024. This market is projected to grow to USD 3.4 billion by 2032, demonstrating a Compound Annual Growth Rate (CAGR) of 5.1% from 2025 to 2032. Another estimate places the U.S. lime market at USD 2.21 billion in 2025, with a projection to reach USD 3.13 billion by 2034, growing at a CAGR of 3.94% from 2026 to 2034. The market is significantly driven by demand from the construction, steel manufacturing, environmental sciences, and agriculture sectors.
U.S. Quicklime Market
Quicklime constitutes the largest segment within the U.S. lime market, holding a 68.3% share in 2025. The U.S. quicklime market was valued at USD 2.6 billion in 2024 and is forecast to reach USD 3.7 billion by 2035, with a CAGR of 3.0% in value. The demand for quicklime is substantial in industrial and environmental applications, including steel manufacturing, where it's crucial for impurity removal.
U.S. Hydrated Lime Market
The U.S. hydrated lime market is estimated to be valued at USD 970.2 million in 2025. It is anticipated to grow to USD 1.5 billion by 2035, at a CAGR of 4.2% over the forecast period of 2025 to 2035. This segment is expected to experience growth due to factors such as tightening federal water quality mandates.
U.S. Pulverized Limestone Market (Limestone Products)
The broader U.S. limestone market, which includes products like pulverized limestone, was estimated at USD 9.30 billion in 2023. This market is projected to reach USD 19.57 billion by 2033, growing at a CAGR of 7.72% from 2023 to 2033. The building & construction sector accounted for the largest share of this market in 2023, with over 81% of the revenue, driven by limestone's durability, weather resistance, and versatility. The limestone powder market, a component of this, is also seeing significant activity, with North America contributing substantially to its growth.
U.S. Lime Slurry Market
Specific market sizing for lime slurry as a standalone product is not readily available, but it is a product type included in the overall U.S. lime market.
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United States Lime & Minerals (USLM) is expected to experience future revenue growth over the next two to three years driven by several key factors:
- Strong Demand from Construction and Infrastructure Projects: The company anticipates continued robust demand from its construction customers, including highway, road, and building contractors, with particular emphasis on significant projects such as large data centers. This broad demand for construction and infrastructure is a primary driver for its lime and limestone products.
- Increased Average Selling Prices: United States Lime & Minerals has demonstrated pricing power, with higher average selling prices for its core lime and limestone products contributing significantly to revenue growth and margin expansion.
- Growth in Sales Volumes: Alongside price increases, the company expects to see growth in sales volumes, fueled by strong market demand across its diverse customer base, including the construction, environmental, and steel sectors.
- Rising Demand from Environmental Applications: The increasing focus on environmental sustainability is leading to growing demand for lime and limestone products used in municipal sanitation, water treatment facilities, and flue gas desulfurization processes.
- Strategic Capacity Expansion and Modernization Initiatives: To meet anticipated demand, USLM is undertaking strategic modernization and expansion efforts in its operations, particularly in regions such as Texas, Arkansas, and Oklahoma, which are expected to bolster its competitive standing and market reach. These initiatives aim to enhance production capacity and operational efficiency.
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- United States Lime & Minerals has engaged in quarterly share buybacks, totaling approximately $2.66 million in 2025, $3.50 million in 2024, $1.23 million in 2023, $0.76 million in 2022, and $0.73 million in 2021.
- The company performs modest and occasional share repurchases.
- The number of shares outstanding for United States Lime & Minerals has remained relatively stable, generally around 28-29 million shares between 2020 and 2025.
- A 5:1 stock split occurred on July 15, 2024.
- The company confirmed an annual capital expenditure budget of approximately $22 million, primarily allocated to operational modernization and equipment upgrades, including a significant investment in a new kiln in Texas.
- In the first quarter of 2025, capital investments were easily funded by robust cash generation, including a budgeted $65 million for a new vertical kiln at the Texas Lime Company subsidiary.
- For the full fiscal year 2024, investing cash flow, which encompasses capital expenditures, was -$26.86 million.
Peer Outperformance in Construction Materials
| Industry | Names | 1Y med | 3Y med | 5Y med | Top 3 by 5Y |
|---|---|---|---|---|---|
| Steel | 13 | 24.7% | 40.8% | 169.1% | STLD 319% · HCC 275% · RS 198% |
| Copper | 7 | 45.8% | 117.7% | 137.6% | SCCO 276% · TGB 260% · HBM 227% |
| Gold | 35 | -9.1% | 175.8% | 129.1% | IAG 548% · OGC 369% · KGC 326% |
| Silver | 6 | 20.8% | 261.4% | 107.8% | AYA 228% · HL 185% · SVM 138% |
| Aluminum | 3 | 11.7% | 144.2% | 52.1% | CENX 98% · KALU 52% · AA -24% |
| Construction Materials ← | 7 | -29.1% | 13.8% | 38.5% | USLM 349% · CRH 80% · VMC 42% |
| Metal, Glass & Plastic Containers | 11 | -6.2% | 2.0% | 0.0% | GEF 46% · ATR 4% · SLGN 0% |
| Diversified Metals & Mining | 22 | -67.9% | -8.2% | -2.2% | USAR 34531% · MTRN 259% · MP 18% |
| Paper & Plastic Packaging Products & Materials | 7 | 12.1% | 11.2% | -8.2% | PKG 102% · CCK 16% · SON -2% |
| Diversified Chemicals | 3 | 13.0% | -0.3% | -17.3% | CBT 58% · ASH -17% |
| Specialty Chemicals | 41 | 10.8% | 3.9% | -19.4% | NEU 163% · ESI 70% · SXT 53% |
| Commodity Chemicals | 13 | -0.7% | -30.9% | -35.4% | HWKN 260% · MEOH 42% · DOW -35% |
| Precious Metals & Minerals | 8 | -22.5% | 142.9% | -47.0% | PPTA 248% |
| Fertilizers & Agricultural Chemicals | 10 | -48.3% | -57.5% | -61.5% | CF 125% · NTR 16% · MOS -48% |
| Paper Products | 4 | -38.1% | -54.5% | -71.7% |
Latest Trefis Analyses
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|---|---|
| ARTICLES |
Research & Analysis
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Peer Comparisons
| Peers to compare with: |
Financials
| Median | |
|---|---|
| Name | |
| Mkt Price | 170.75 |
| Mkt Cap | 29.7 |
| Rev LTM | 6,688 |
| Op Inc LTM | 1,417 |
| FCF LTM | 810 |
| FCF 3Y Avg | 753 |
| CFO LTM | 1,519 |
| CFO 3Y Avg | 1,531 |
Growth & Margins
| Median | |
|---|---|
| Name | |
| Rev Chg LTM | 6.9% |
| Rev Chg 3Y Avg | 2.3% |
| Rev Chg Q | 5.6% |
| QoQ Delta Rev Chg LTM | 1.5% |
| Op Inc Chg LTM | 9.6% |
| Op Inc Chg 3Y Avg | 11.1% |
| Op Mgn LTM | 21.2% |
| Op Mgn 3Y Avg | 22.3% |
| QoQ Delta Op Mgn LTM | -0.2% |
| CFO/Rev LTM | 22.7% |
| CFO/Rev 3Y Avg | 25.3% |
| FCF/Rev LTM | 12.1% |
| FCF/Rev 3Y Avg | 12.4% |
Valuation
| Median | |
|---|---|
| Name | |
| Mkt Cap | 29.7 |
| P/S | 4.0 |
| P/Op Inc | 19.4 |
| P/EBIT | 19.4 |
| P/E | 14.4 |
| P/CFO | 18.2 |
| Total Yield | 8.2% |
| Dividend Yield | 0.7% |
| FCF Yield 3Y Avg | 2.5% |
| D/E | 0.2 |
| Net D/E | 0.2 |
Segment Financials
Revenue by Segment| $ Mil | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Lime and limestone operations | 373 | 318 | 281 | 236 | 187 |
| Other | 2 | ||||
| Total | 373 | 318 | 281 | 236 | 189 |
| $ Mil | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|
| Lime and limestone operations | 85 | 53 | 46 | 36 | 31 |
| Other | -0 | 1 | 1 | -2 | -1 |
| Total | 85 | 55 | 46 | 34 | 29 |
| $ Mil | 2025 | 2024 | 2023 |
|---|---|---|---|
| Lime and limestone operations | 134 | 109 | 75 |
| Total | 134 | 109 | 75 |
| $ Mil | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|
| Lime and limestone operations | 247 | 229 | 205 | 191 | 186 |
| Other | 193 | 139 | 111 | 88 | 61 |
| Total | 441 | 368 | 316 | 279 | 247 |
Price Behavior
| Market Price | $104.88 | |
| Market Cap ($ Bil) | 3.0 | |
| First Trading Date | 03/26/1990 | |
| Distance from 52W High | -24.7% | |
| 50 Days | 200 Days | |
| DMA Price | $114.73 | $115.89 |
| DMA Trend | up | down |
| Distance from DMA | -8.6% | -9.5% |
| 3M | 1YR | |
| Volatility | 24.4% | 38.1% |
| Downside Capture | 87.37 | 145.27 |
| Upside Capture | 78.13 | 98.04 |
| Correlation (S&P 500) | 32.3% | 37.1% |
| 1M | 2M | 3M | 6M | 1Y | 3Y | |
|---|---|---|---|---|---|---|
| Beta | 1.13 | 1.01 | 0.68 | 0.76 | 1.10 | 1.20 |
| Up Beta | -0.40 | 1.53 | 0.18 | 0.43 | 0.75 | 1.12 |
| Down Beta | 2.21 | 1.40 | 1.06 | 1.57 | 1.29 | 1.01 |
| Up Capture | 96% | 82% | 89% | 31% | 95% | 304% |
| Bmk +ve Days | 6 | 16 | 27 | 66 | 132 | 424 |
| Stock +ve Days | 12 | 26 | 39 | 69 | 135 | 397 |
| Down Capture | 170% | 75% | 55% | 102% | 122% | 106% |
| Bmk -ve Days | 16 | 26 | 37 | 60 | 120 | 328 |
| Stock -ve Days | 10 | 16 | 25 | 57 | 116 | 353 |
[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
Based On 1-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with USLM | |
|---|---|---|---|---|
| USLM | -17.4% | 38.1% | -0.42 | - |
| Sector ETF (XLB) | 13.0% | 17.7% | 0.53 | 40.2% |
| Equity (SPY) | 17.6% | 12.7% | 0.99 | 36.6% |
| Gold (GLD) | 0.5% | 29.5% | 0.02 | 21.9% |
| Commodities (DBC) | 50.9% | 20.7% | 1.88 | -17.4% |
| Real Estate (VNQ) | 4.7% | 13.7% | 0.08 | 19.2% |
| Bitcoin (BTCUSD) | -28.1% | 43.7% | -0.63 | 28.0% |
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Based On 5-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with USLM | |
|---|---|---|---|---|
| USLM | 35.2% | 36.2% | 0.91 | - |
| Sector ETF (XLB) | 6.0% | 19.1% | 0.20 | 41.8% |
| Equity (SPY) | 13.4% | 17.1% | 0.60 | 43.7% |
| Gold (GLD) | 18.5% | 18.9% | 0.79 | 8.7% |
| Commodities (DBC) | 9.7% | 19.5% | 0.38 | 6.9% |
| Real Estate (VNQ) | 1.1% | 18.8% | -0.05 | 30.4% |
| Bitcoin (BTCUSD) | 8.7% | 51.8% | 0.35 | 19.8% |
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Based On 10-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with USLM | |
|---|---|---|---|---|
| USLM | 24.2% | 36.6% | 0.70 | - |
| Sector ETF (XLB) | 9.8% | 20.7% | 0.42 | 47.3% |
| Equity (SPY) | 15.4% | 17.9% | 0.73 | 47.1% |
| Gold (GLD) | 12.2% | 16.4% | 0.61 | 5.0% |
| Commodities (DBC) | 8.2% | 18.1% | 0.37 | 12.8% |
| Real Estate (VNQ) | 5.0% | 20.7% | 0.20 | 39.5% |
| Bitcoin (BTCUSD) | 63.1% | 66.2% | 1.03 | 14.5% |
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Returns Analyses
Earnings Returns History
Updated 8/31/2026| Forward Returns | |||
|---|---|---|---|
| Earnings Date | 1D Returns | 5D Returns | 21D Returns |
| 7/29/2026 | -0.1% | 4.3% | 5.9% |
| 4/29/2026 | -16.0% | -16.6% | -11.1% |
| 2/2/2026 | -4.4% | -12.8% | 3.5% |
| 10/29/2025 | -4.0% | -11.1% | -7.8% |
| 7/30/2025 | -10.7% | -4.3% | 13.3% |
| 4/30/2025 | 4.8% | 4.0% | 10.0% |
| 2/3/2025 | 1.7% | -5.6% | -16.7% |
| 10/30/2024 | 5.3% | 28.2% | 42.9% |
| ... | |||
| SUMMARY STATS | |||
| # Positive | 12 | 15 | 17 |
| # Negative | 12 | 9 | 7 |
| Median Positive | 3.2% | 4.3% | 10.0% |
| Median Negative | -2.4% | -8.6% | -7.6% |
| Max Positive | 6.3% | 28.2% | 42.9% |
| Max Negative | -16.0% | -18.6% | -16.7% |
| Forward Returns | |||
|---|---|---|---|
| Earnings Date | 1D Returns | 5D Returns | 21D Returns |
| 7/29/2026 | -0.1% | 4.3% | 5.9% |
| 4/29/2026 | -16.0% | -16.6% | -11.1% |
| 2/2/2026 | -4.4% | -12.8% | 3.5% |
| 10/29/2025 | -4.0% | -11.1% | -7.8% |
| 7/30/2025 | -10.7% | -4.3% | 13.3% |
| 4/30/2025 | 4.8% | 4.0% | 10.0% |
| 2/3/2025 | 1.7% | -5.6% | -16.7% |
| 10/30/2024 | 5.3% | 28.2% | 42.9% |
| 7/31/2024 | -0.1% | -18.6% | -7.3% |
| 4/30/2024 | 3.4% | 19.9% | 11.6% |
| 2/2/2024 | 1.1% | 4.0% | 11.2% |
| 10/31/2023 | -2.7% | -0.2% | 7.2% |
| 8/2/2023 | 2.0% | 4.4% | 5.5% |
| 5/4/2023 | 3.5% | 2.4% | 15.5% |
| 2/3/2023 | 1.9% | 2.2% | 3.5% |
| 10/26/2022 | -0.1% | 6.8% | 15.3% |
| 7/27/2022 | -8.0% | -8.6% | -4.2% |
| 4/27/2022 | 3.2% | 2.5% | 6.6% |
| 1/31/2022 | -1.9% | -4.9% | -7.6% |
| 10/27/2021 | 2.2% | 7.9% | 5.7% |
| 7/28/2021 | -0.6% | 0.4% | 3.4% |
| 4/28/2021 | -2.1% | 1.7% | -2.0% |
| 1/29/2021 | 6.3% | 7.5% | 18.8% |
| 10/28/2020 | 3.2% | 4.6% | 18.1% |
| SUMMARY STATS | |||
| # Positive | 12 | 15 | 17 |
| # Negative | 12 | 9 | 7 |
| Median Positive | 3.2% | 4.3% | 10.0% |
| Median Negative | -2.4% | -8.6% | -7.6% |
| Max Positive | 6.3% | 28.2% | 42.9% |
| Max Negative | -16.0% | -18.6% | -16.7% |
SEC Filings
Expand for More| Report Date | Filing Date | Filing |
|---|---|---|
| 06/30/2026 | 07/30/2026 | 10-Q |
| 03/31/2026 | 04/30/2026 | 10-Q |
| 12/31/2025 | 02/26/2026 | 10-K |
| 09/30/2025 | 10/30/2025 | 10-Q |
| 06/30/2025 | 07/31/2025 | 10-Q |
| 03/31/2025 | 05/01/2025 | 10-Q |
| 12/31/2024 | 02/27/2025 | 10-K |
| 09/30/2024 | 10/31/2024 | 10-Q |
| 06/30/2024 | 08/02/2024 | 10-Q |
| 03/31/2024 | 05/01/2024 | 10-Q |
| 12/31/2023 | 02/29/2024 | 10-K |
| 09/30/2023 | 11/02/2023 | 10-Q |
| 06/30/2023 | 08/03/2023 | 10-Q |
| 03/31/2023 | 05/04/2023 | 10-Q |
| 12/31/2022 | 02/23/2023 | 10-K |
| 09/30/2022 | 10/27/2022 | 10-Q |
| Report Date | Filing Date | Filing |
|---|---|---|
| 06/30/2026 | 07/30/2026 | 10-Q |
| 03/31/2026 | 04/30/2026 | 10-Q |
| 12/31/2025 | 02/26/2026 | 10-K |
| 09/30/2025 | 10/30/2025 | 10-Q |
| 06/30/2025 | 07/31/2025 | 10-Q |
| 03/31/2025 | 05/01/2025 | 10-Q |
| 12/31/2024 | 02/27/2025 | 10-K |
| 09/30/2024 | 10/31/2024 | 10-Q |
| 06/30/2024 | 08/02/2024 | 10-Q |
| 03/31/2024 | 05/01/2024 | 10-Q |
| 12/31/2023 | 02/29/2024 | 10-K |
| 09/30/2023 | 11/02/2023 | 10-Q |
| 06/30/2023 | 08/03/2023 | 10-Q |
| 03/31/2023 | 05/04/2023 | 10-Q |
| 12/31/2022 | 02/23/2023 | 10-K |
| 09/30/2022 | 10/27/2022 | 10-Q |
| 06/30/2022 | 07/28/2022 | 10-Q |
| 03/31/2022 | 04/28/2022 | 10-Q |
| 12/31/2021 | 03/10/2022 | 10-K |
| 09/30/2021 | 10/28/2021 | 10-Q |
| 06/30/2021 | 07/30/2021 | 10-Q |
| 03/31/2021 | 04/29/2021 | 10-Q |
| 12/31/2020 | 02/26/2021 | 10-K |
| 09/30/2020 | 10/30/2020 | 10-Q |
| 06/30/2020 | 07/31/2020 | 10-Q |
| 03/31/2020 | 04/30/2020 | 10-Q |
| 12/31/2019 | 02/28/2020 | 10-K |
| 09/30/2019 | 11/01/2019 | 10-Q |
Insider Activity
Updated 9/11/2026| # | Owner | Title | Holding | Action | Filing Date | Price | Shares | Transacted Value | Value of Held Shares | Form |
|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Candou, Holdings Ltd | See Footnote | Buy | 9112026 | 110.00 | 20,000 | 2,200,000 | 1,944,115,800 | Form | |
| 2 | Doumet, Antoine M | Direct | Sell | 9112026 | 110.00 | 20,000 | 2,200,000 | 9,900,000 | Form | |
| 3 | Duhe, Sandra C | Direct | Sell | 3042026 | 120.45 | 1,277 | 153,815 | 271,494 | Form | |
| 4 | Byrne, Timothy W | President & CEO | Direct | Sell | 9052025 | 119.50 | 12,100 | 1,445,896 | 10,328,236 | Form |
| 5 | Byrne, Timothy W | President & CEO | Direct | Sell | 9052025 | 121.05 | 27,425 | 3,319,724 | 11,927,040 | Form |
| # | Owner | Title | Holding | Action | Filing Date | Price | Shares | Transacted Value | Value of Held Shares | Form |
|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Candou, Holdings Ltd | See Footnote | Buy | 9112026 | 110.00 | 20,000 | 2,200,000 | 1,944,115,800 | Form | |
| 2 | Doumet, Antoine M | Direct | Sell | 9112026 | 110.00 | 20,000 | 2,200,000 | 9,900,000 | Form | |
| 3 | Duhe, Sandra C | Direct | Sell | 3042026 | 120.45 | 1,277 | 153,815 | 271,494 | Form | |
| 4 | Byrne, Timothy W | President & CEO | Direct | Sell | 9052025 | 119.50 | 12,100 | 1,445,896 | 10,328,236 | Form |
| 5 | Byrne, Timothy W | President & CEO | Direct | Sell | 9052025 | 121.05 | 27,425 | 3,319,724 | 11,927,040 | Form |
Industry Resources
| Materials Resources |
| Chemical & Engineering News (C&EN) |
| Mining.com |
| Plastics News |
| Construction Materials Resources |
| Construction Europe |
| Aggregates Business |
| Concrete Products |
External Quote Links
| Y Finance | Barrons |
| TradingView | Morningstar |
| SeekingAlpha | ValueLine |
| Motley Fool | Robinhood |
| CNBC | Etrade |
| MarketWatch | Unusual Whales |
| YCharts | Perplexity Finance |
| FinViz |
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