Martin Marietta Materials management check
MLM · Materials · Construction Materials · CEO C. Howard Nye
Filings as of
4 good · 2 to watch · 0 flagged, across the seven questions below.
- Good
Have owners done well?
Beat its chosen peers$100 invested at the start of fiscal 2021 grew to $226, against $139 for the peer group the company picked itself.
- Watch
Does pay follow performance?
Pay only loosely tracked returnsOver 5 years, the CEO's pay actually paid (equity valued at the share price) had a correlation of 0.34 with shareholder return. 1 means pay moved in step; below 0, the opposite way.
- Watch
What does the CEO cost owners?
1.3% of net income$14.3m of reported pay in fiscal 2025, against $1.1bn of net income.
- n/a
Do they own the stock?
No recent CEO filingNo open-market insider buying or selling in the last six months.
- Good
Are owners being diluted?
Share count shrinkingDiluted shares changed -1.2% a year over the last three fiscal years. Stock-based pay was 0.7% of revenue in the latest year.
- Good
Is leadership stable?
7 leadership filings in 3 yearsCEO in the pay table: C. Howard Nye. 7 filings under 8-K item 5.02 (officers or directors leaving or joining, or new pay arrangements) in the last 3 years.
- Good
Are the books clean?
No red flags on fileNo restatements, auditor changes or late filings since 2021.
Against the S&P 500
Each check's score (0–100) and how it compares: the share of ranked S&P 500 companies it matches or beats, and the median in Materials.
| Check | Score | At or above | Sector median |
|---|---|---|---|
| Owner returns | 100 | 40 | |
| Pay for performance | 67 | 77 | |
| CEO cost | 42 | 40 | |
| Skin in the game | — | — | 38 |
| Dilution | 65 | 71 | |
| Stable leadership | 90 | 70 | |
| Clean books | 100 | 100 |
Closest peers
Others in Construction Materials, by management score. Martin Marietta Materials is 1st of 24 in its sector.
Pay versus performance
From the proxy statement filed April 15, 2026. "Actually paid" values stock awards at the share price, so it rises and falls with the stock.
| Fiscal year | CEO | CEO pay | Actually paid | Other executives (avg) | $100 became | Peers | Net income |
|---|---|---|---|---|---|---|---|
| 2025 | C. Howard Nye | $14.3m | $25.7m | $2.8m | $226 | $139 | $1.1bn |
| 2024 | — | $17.7m | $16.2m | $3.6m | $187 | $126 | $2.0bn |
| 2023 | — | $18.5m | $35.1m | $3.5m | $179 | $126 | $1.2bn |
| 2022 | — | $12.8m | $6.5m | $2.4m | $121 | $112 | $866.7m |
| 2021 | — | $14.9m | $39.0m | $2.7m | $156 | $127 | $702.8m |
The board says pay is tied most to Adjusted EBITDA. Its other key measures: rTSR, Total Revenues.
Insiders and the CEO's stake
No open-market insider buying or selling in the last six months.
Leadership and governance on file
- Aug 24, 2026Leadership change8-K 5.02
- Aug 4, 2026Leadership change8-K 5.02
- May 14, 2026Leadership change8-K 5.02
- Apr 27, 2026Leadership change8-K 5.02
- Jul 8, 2025Leadership change8-K 5.02
- Apr 10, 2025Leadership change8-K 5.02
- Dec 3, 2024Leadership change8-K 5.02
- Apr 21, 2023Leadership change8-K 5.02
- Dec 15, 2022Leadership change8-K 5.02
Latest shareholder vote results: May 14, 2026, including the say-on-pay vote.
Where the money went
Over 2021–2025: $2.1bn returned to owners in buybacks and dividends, 35% of net income, and $240.0m of pay in stock.
| Fiscal year | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Revenue | $5.4bn | $6.2bn | $5.9bn | $5.7bn | $6.2bn |
| Net income | $702.8m | $866.7m | $1.2bn | $2.0bn | $1.1bn |
| Stock-based pay | $43.0m | $43.0m | $50.0m | $58.0m | $46.0m |
| Buybacks | $0 | $150.0m | $150.0m | $450.0m | $450.0m |
| Dividends | $147.8m | $160.0m | $174.0m | $189.0m | $197.0m |
| Diluted shares | 63m | 63m | 62m | 62m | 61m |
Educational only, not investment advice. Figures are as filed with the SEC: pay from the proxy's pay-versus-performance table, capital allocation from 10-K XBRL data, insider trades from Form 4s over the last six months, events from the last 5 years of filings. The peer group is the one the company chose. See the method.