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Side-by-side financial comparison of CrossAmerica Partners LP (CAPL) and Martin Marietta Materials (MLM). Click either name above to swap in a different company.

Martin Marietta Materials is the larger business by last-quarter revenue ($1.1B vs $866.3M, roughly 1.3× CrossAmerica Partners LP). Martin Marietta Materials runs the higher net margin — 24.5% vs 1.2%, a 23.3% gap on every dollar of revenue. On growth, CrossAmerica Partners LP posted the faster year-over-year revenue change (-8.3% vs -30.1%). Martin Marietta Materials produced more free cash flow last quarter ($424.0M vs $22.4M). Over the past eight quarters, CrossAmerica Partners LP's revenue compounded faster (-4.1% CAGR vs -4.5%).

TowerBrook Capital Partners, L.P. is an investment management firm headquartered in London and New York City. TowerBrook spun out of Soros Fund Management in 2005 and became known for acquiring majority stakes in companies such as Jimmy Choo. Managing $25+ billion in a number of private equity funds and structured opportunities funds, TowerBrook listed 110 investments on its website as of 2025.

Martin Marietta Materials, Inc. is an American company and a supplier of aggregates and heavy building materials, with operations spanning 26 states, Canada, and the Caribbean. In particular, Martin Marietta Materials supplies resources for the construction of roads, sidewalks, and foundations.

CAPL vs MLM — Head-to-Head

Bigger by revenue
MLM
MLM
1.3× larger
MLM
$1.1B
$866.3M
CAPL
Growing faster (revenue YoY)
CAPL
CAPL
+21.9% gap
CAPL
-8.3%
-30.1%
MLM
Higher net margin
MLM
MLM
23.3% more per $
MLM
24.5%
1.2%
CAPL
More free cash flow
MLM
MLM
$401.6M more FCF
MLM
$424.0M
$22.4M
CAPL
Faster 2-yr revenue CAGR
CAPL
CAPL
Annualised
CAPL
-4.1%
-4.5%
MLM

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
CAPL
CAPL
MLM
MLM
Revenue
$866.3M
$1.1B
Net Profit
$10.2M
$279.0M
Gross Margin
12.4%
35.0%
Operating Margin
3.0%
24.6%
Net Margin
1.2%
24.5%
Revenue YoY
-8.3%
-30.1%
Net Profit YoY
-39.6%
-4.8%
EPS (diluted)
$0.24
$4.59

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
CAPL
CAPL
MLM
MLM
Q4 25
$866.3M
$1.1B
Q3 25
$971.8M
$1.8B
Q2 25
$961.9M
$1.8B
Q1 25
$862.5M
$1.4B
Q4 24
$944.2M
$1.6B
Q3 24
$1.1B
$1.9B
Q2 24
$1.1B
$1.8B
Q1 24
$941.5M
$1.3B
Net Profit
CAPL
CAPL
MLM
MLM
Q4 25
$10.2M
$279.0M
Q3 25
$13.6M
$414.0M
Q2 25
$25.2M
$328.0M
Q1 25
$-7.1M
$116.0M
Q4 24
$16.9M
$293.0M
Q3 24
$10.7M
$363.0M
Q2 24
$12.4M
$294.0M
Q1 24
$-17.5M
$1.0B
Gross Margin
CAPL
CAPL
MLM
MLM
Q4 25
12.4%
35.0%
Q3 25
10.8%
33.1%
Q2 25
10.5%
30.0%
Q1 25
10.4%
24.8%
Q4 24
10.7%
30.0%
Q3 24
10.3%
31.7%
Q2 24
9.2%
29.3%
Q1 24
8.6%
21.7%
Operating Margin
CAPL
CAPL
MLM
MLM
Q4 25
3.0%
24.6%
Q3 25
2.9%
27.4%
Q2 25
4.3%
25.3%
Q1 25
0.2%
14.3%
Q4 24
3.0%
24.4%
Q3 24
2.5%
25.9%
Q2 24
2.5%
22.6%
Q1 24
-1.4%
Net Margin
CAPL
CAPL
MLM
MLM
Q4 25
1.2%
24.5%
Q3 25
1.4%
22.4%
Q2 25
2.6%
18.1%
Q1 25
-0.8%
8.6%
Q4 24
1.8%
18.0%
Q3 24
1.0%
19.2%
Q2 24
1.1%
16.7%
Q1 24
-1.9%
83.5%
EPS (diluted)
CAPL
CAPL
MLM
MLM
Q4 25
$0.24
$4.59
Q3 25
$0.34
$6.85
Q2 25
$0.64
$5.43
Q1 25
$-0.20
$1.90
Q4 24
$0.42
$4.87
Q3 24
$0.27
$5.91
Q2 24
$0.31
$4.76
Q1 24
$-0.48
$16.87

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
CAPL
CAPL
MLM
MLM
Cash + ST InvestmentsLiquidity on hand
$3.1M
$67.0M
Total DebtLower is stronger
$687.2M
$5.3B
Stockholders' EquityBook value
$10.0B
Total Assets
$964.7M
$18.7B
Debt / EquityLower = less leverage
0.53×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
CAPL
CAPL
MLM
MLM
Q4 25
$3.1M
$67.0M
Q3 25
$5.8M
$57.0M
Q2 25
$9.7M
$225.0M
Q1 25
$6.7M
$101.0M
Q4 24
$3.4M
$670.0M
Q3 24
$7.8M
$52.0M
Q2 24
$5.5M
$109.0M
Q1 24
$6.3M
$2.6B
Total Debt
CAPL
CAPL
MLM
MLM
Q4 25
$687.2M
$5.3B
Q3 25
$700.8M
$5.5B
Q2 25
$722.7M
$5.4B
Q1 25
$774.1M
$5.4B
Q4 24
$763.9M
$5.4B
Q3 24
$769.2M
$4.0B
Q2 24
$786.7M
$4.3B
Q1 24
$795.8M
$4.3B
Stockholders' Equity
CAPL
CAPL
MLM
MLM
Q4 25
$10.0B
Q3 25
$9.7B
Q2 25
$9.4B
Q1 25
$9.1B
Q4 24
$9.5B
Q3 24
$9.2B
Q2 24
$8.8B
Q1 24
$8.9B
Total Assets
CAPL
CAPL
MLM
MLM
Q4 25
$964.7M
$18.7B
Q3 25
$998.9M
$18.7B
Q2 25
$1.0B
$18.1B
Q1 25
$1.1B
$17.7B
Q4 24
$1.1B
$18.2B
Q3 24
$1.1B
$16.5B
Q2 24
$1.2B
$16.3B
Q1 24
$1.2B
$16.2B
Debt / Equity
CAPL
CAPL
MLM
MLM
Q4 25
0.53×
Q3 25
0.57×
Q2 25
0.58×
Q1 25
0.60×
Q4 24
0.57×
Q3 24
0.44×
Q2 24
0.49×
Q1 24
0.49×

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
CAPL
CAPL
MLM
MLM
Operating Cash FlowLast quarter
$29.4M
$629.0M
Free Cash FlowOCF − Capex
$22.4M
$424.0M
FCF MarginFCF / Revenue
2.6%
37.2%
Capex IntensityCapex / Revenue
0.8%
18.0%
Cash ConversionOCF / Net Profit
2.89×
2.25×
TTM Free Cash FlowTrailing 4 quarters
$55.8M
$978.0M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
CAPL
CAPL
MLM
MLM
Q4 25
$29.4M
$629.0M
Q3 25
$24.4M
$551.0M
Q2 25
$22.6M
$387.0M
Q1 25
$15.0M
$218.0M
Q4 24
$11.1M
$686.0M
Q3 24
$41.9M
$600.0M
Q2 24
$28.9M
$1.0M
Q1 24
$5.8M
$172.0M
Free Cash Flow
CAPL
CAPL
MLM
MLM
Q4 25
$22.4M
$424.0M
Q3 25
$17.7M
$361.0M
Q2 25
$10.8M
$208.0M
Q1 25
$4.9M
$-15.0M
Q4 24
$3.9M
$453.0M
Q3 24
$34.2M
$317.0M
Q2 24
$23.6M
$-138.0M
Q1 24
$-289.0K
$-28.0M
FCF Margin
CAPL
CAPL
MLM
MLM
Q4 25
2.6%
37.2%
Q3 25
1.8%
19.6%
Q2 25
1.1%
11.5%
Q1 25
0.6%
-1.1%
Q4 24
0.4%
27.8%
Q3 24
3.2%
16.8%
Q2 24
2.1%
-7.8%
Q1 24
-0.0%
-2.2%
Capex Intensity
CAPL
CAPL
MLM
MLM
Q4 25
0.8%
18.0%
Q3 25
0.7%
10.3%
Q2 25
1.2%
9.9%
Q1 25
1.2%
17.2%
Q4 24
0.8%
14.3%
Q3 24
0.7%
15.0%
Q2 24
0.5%
7.9%
Q1 24
0.6%
16.0%
Cash Conversion
CAPL
CAPL
MLM
MLM
Q4 25
2.89×
2.25×
Q3 25
1.79×
1.33×
Q2 25
0.90×
1.18×
Q1 25
1.88×
Q4 24
0.66×
2.34×
Q3 24
3.92×
1.65×
Q2 24
2.33×
0.00×
Q1 24
0.16×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

CAPL
CAPL

Retail Segment$505.3M58%
Wholesale$360.9M42%
Other$1.2M0%

MLM
MLM

Building Materials Business East Group$774.0M68%
Building Materials Business West Group$233.0M20%
Services$88.0M8%
Other$45.0M4%

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