Largest U.S. aggregates supplier
Vulcan Materials Company
Vulcan Materials sells crushed stone, sand and gravel, along with asphalt and ready-mixed concrete, into public infrastructure and private construction markets. Quarrying and production consume diesel, electricity and heavy equipment, while remote distribution relies on rail and marine transport and concrete production requires purchased cement. Total revenue was $7.9411 billion in 2025, with aggregates as the largest business.
Business categories Construction & Building Products · Industrial Infrastructure & Heavy Industry · primary
VMC Updated Sep 23, 2026 5 AI consumers· 2 recurring
Per the valuechain.wiki graph, Vulcan Materials Company is directly linked to 2 companies (1 supply, 1 revenue relationships) and reaches 8 companies within two hops; the links are backed by 5 dated sources, 2 of them primary filings (as of 2026-09-23).
Financials & Segments
- Total revenue · FY2025 total revenue of $7.9411 billion
- Segments · Aggregates · Asphalt · Concrete
Revenue from
- U.S. private construction customers High confidence
Homebuilders and customers working on nonresidential projects such as data centers, manufacturing facilities and warehouses form another core demand base. The company does not disclose individual customers or the precise revenue share from private demand. - U.S. public infrastructure construction customers High confidence· share range 40,55% · historical range disclosed in FY2025 · Share of aggregates shipments used in publicly funded construction
Historically, about 40% to 55% of aggregates shipments have been used in publicly funded construction such as highways, airports and government buildings. Sales are made mainly to private contractors performing the work rather than directly to government agencies.Mentions KO Kiwoom Securities Research Center Published May 2, 2025: Vulcan Materials: A Point When Both Price and Volume Can Rise - Union Pacific Corporation Medium confidence
Union Pacific lists Vulcan Materials' Table Mountain, California, and Knippa, Texas, operations as approved railroad ballast suppliers. The transaction value is not disclosed.Confirms EN Union Pacific Railroad Published Aug 11, 2026: Approved Trackwork Suppliers, Misc. Dwg. 6003G
Pays to
- CSL Americas High confidence
CSL Americas is Vulcan's long-term marine carrier for aggregates moving from its British Columbia quarry to California and Hawaii. Vulcan does not disclose the value of the agreement. - Komatsu Medium confidence
Komatsu supplies a WA485-11 wheel loader used for aggregate handling at Vulcan's Palmdale, California, operation. A Vulcan operator describes its on-site use and efficiency benefits, but the purchase amount is undisclosed.Confirms EN Komatsu North America Published Apr 14, 2025: WA485-11 wheel loader in action: power, comfort and efficiency at Vulcan Materials
Investments
- Wake Stone Corporation High confidence
Vulcan Materials completed its acquisition of Wake Stone in November 2024, expanding its aggregates operations and reserves in the Carolinas. The purchase price for Wake Stone alone was not disclosed.
Value-chain ripple (2 tiers)
Following node-to-node links up to 2 tiers; each firm is shown once, at its nearest tier.
| Company | Chain | '21 | '22 | '23 | '24 | '25 | YTD |
|---|---|---|---|---|---|---|---|
| CF Industries Holdings, Inc. | lead2 | +87.2 | +22.3 | -4.7 | +10.1 | -7.2 | +74.9 |
| FedEx | lead2 | +0.7 | -31.6 | +49.1 | +13.5 | +5.1 | +39.6 |
| United Parcel Service, Inc. | lead2 | +30 | -16.2 | -6 | -15.9 | -15.9 | +8 |
| Martin Marietta Materials, Inc. | lead2 | +56.1 | -22.7 | +48.6 | +4.1 | +21.3 | -17 |
| Union Pacific Corporation | lead1 | +23.3 | -15.9 | +21.6 | -5.1 | +3.9 | +22.1 |
| Vulcan Materials Company | node | +41.1 | -14.9 | +30.8 | +14.1 | +11.7 | -7.4 |
| Komatsu | benef1 | +0.5 | +17.4 | +40.1 | +16.4 | +30.5 | +28.3 |
| Ouster | benef2 | -61.5 | -83.4 | -11.1 | +59.3 | +77.1 | +68.3 |
| Cummins | benef2 | -1.7 | +14.1 | +1.7 | +48.9 | +49.4 | +11 |
YTD as of 2026-09-04 · source: Yahoo Finance
Vulcan Materials Company operates across Largest U.S. aggregates supplier. It is -7.4% in 2026. The supply side (avg +28.3%) has moved harder than the stock (-7.4%). That is the classic bottleneck pattern: supplier volume leverage is being priced before this layer's own margin. Among connected nodes the furthest ahead is Komatsu (+28.3%) and the furthest behind is Union Pacific Corporation (+27.1%). If chain logic explains the gap, the laggard is the next propagation candidate; if not, the link itself deserves a second look. Total revenue was $7.9411 billion in 2025, with aggregates as the largest business.
Analysis generated from returns as of 2026-09-04← All companiesMarkdown · JSON · Customers · Suppliers · Ripple