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Side-by-side financial comparison of Martin Marietta Materials (MLM) and Xylem Inc. (XYL). Click either name above to swap in a different company.

Xylem Inc. is the larger business by last-quarter revenue ($2.1B vs $1.1B, roughly 1.9× Martin Marietta Materials). Martin Marietta Materials runs the higher net margin — 24.5% vs 8.9%, a 15.6% gap on every dollar of revenue. On growth, Xylem Inc. posted the faster year-over-year revenue change (2.7% vs -30.1%). Over the past eight quarters, Xylem Inc.'s revenue compounded faster (-1.0% CAGR vs -4.5%).

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.

Xylem is one of the two types of transport tissue in vascular plants, the other being phloem; both of these are part of the vascular bundle. The basic function of the xylem is to transport water upward from the roots to parts of the plants such as stems and leaves, but it also transports nutrients. The word xylem is derived from the Ancient Greek word ξύλον (xúlon), meaning "wood"; the best-known xylem tissue is wood, though it is found throughout a plant.

MLM vs XYL — Head-to-Head

Bigger by revenue
XYL
XYL
1.9× larger
XYL
$2.1B
$1.1B
MLM
Growing faster (revenue YoY)
XYL
XYL
+32.9% gap
XYL
2.7%
-30.1%
MLM
Higher net margin
MLM
MLM
15.6% more per $
MLM
24.5%
8.9%
XYL
Faster 2-yr revenue CAGR
XYL
XYL
Annualised
XYL
-1.0%
-4.5%
MLM

Income Statement — Q4 FY2025 vs Q1 FY2026

Metric
MLM
MLM
XYL
XYL
Revenue
$1.1B
$2.1B
Net Profit
$279.0M
$189.0M
Gross Margin
35.0%
37.8%
Operating Margin
24.6%
11.5%
Net Margin
24.5%
8.9%
Revenue YoY
-30.1%
2.7%
Net Profit YoY
-4.8%
13.2%
EPS (diluted)
$4.59
$0.79

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
MLM
MLM
XYL
XYL
Q1 26
$2.1B
Q4 25
$1.1B
$2.4B
Q3 25
$1.8B
$2.3B
Q2 25
$1.8B
$2.3B
Q1 25
$1.4B
$2.1B
Q4 24
$1.6B
$2.3B
Q3 24
$1.9B
$2.1B
Q2 24
$1.8B
$2.2B
Net Profit
MLM
MLM
XYL
XYL
Q1 26
$189.0M
Q4 25
$279.0M
$335.0M
Q3 25
$414.0M
$227.0M
Q2 25
$328.0M
$226.0M
Q1 25
$116.0M
$169.0M
Q4 24
$293.0M
$326.0M
Q3 24
$363.0M
$217.0M
Q2 24
$294.0M
$194.0M
Gross Margin
MLM
MLM
XYL
XYL
Q1 26
37.8%
Q4 25
35.0%
38.9%
Q3 25
33.1%
38.9%
Q2 25
30.0%
38.8%
Q1 25
24.8%
37.1%
Q4 24
30.0%
38.0%
Q3 24
31.7%
37.3%
Q2 24
29.3%
37.8%
Operating Margin
MLM
MLM
XYL
XYL
Q1 26
11.5%
Q4 25
24.6%
14.7%
Q3 25
27.4%
14.7%
Q2 25
25.3%
13.3%
Q1 25
14.3%
11.2%
Q4 24
24.4%
11.8%
Q3 24
25.9%
13.3%
Q2 24
22.6%
11.7%
Net Margin
MLM
MLM
XYL
XYL
Q1 26
8.9%
Q4 25
24.5%
14.0%
Q3 25
22.4%
10.0%
Q2 25
18.1%
9.8%
Q1 25
8.6%
8.2%
Q4 24
18.0%
14.5%
Q3 24
19.2%
10.3%
Q2 24
16.7%
8.9%
EPS (diluted)
MLM
MLM
XYL
XYL
Q1 26
$0.79
Q4 25
$4.59
$1.37
Q3 25
$6.85
$0.93
Q2 25
$5.43
$0.93
Q1 25
$1.90
$0.69
Q4 24
$4.87
$1.33
Q3 24
$5.91
$0.89
Q2 24
$4.76
$0.80

Balance Sheet & Financial Strength

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

Metric
MLM
MLM
XYL
XYL
Cash + ST InvestmentsLiquidity on hand
$67.0M
$808.0M
Total DebtLower is stronger
$5.3B
$1.9B
Stockholders' EquityBook value
$10.0B
$11.0B
Total Assets
$18.7B
$17.0B
Debt / EquityLower = less leverage
0.53×
0.18×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
MLM
MLM
XYL
XYL
Q1 26
$808.0M
Q4 25
$67.0M
$1.5B
Q3 25
$57.0M
$1.2B
Q2 25
$225.0M
$1.2B
Q1 25
$101.0M
$1.1B
Q4 24
$670.0M
$1.1B
Q3 24
$52.0M
$989.0M
Q2 24
$109.0M
$815.0M
Total Debt
MLM
MLM
XYL
XYL
Q1 26
$1.9B
Q4 25
$5.3B
$2.0B
Q3 25
$5.5B
$2.0B
Q2 25
$5.4B
$2.0B
Q1 25
$5.4B
$2.0B
Q4 24
$5.4B
$2.0B
Q3 24
$4.0B
Q2 24
$4.3B
Stockholders' Equity
MLM
MLM
XYL
XYL
Q1 26
$11.0B
Q4 25
$10.0B
$11.5B
Q3 25
$9.7B
$11.2B
Q2 25
$9.4B
$11.1B
Q1 25
$9.1B
$10.8B
Q4 24
$9.5B
$10.6B
Q3 24
$9.2B
$10.6B
Q2 24
$8.8B
$10.3B
Total Assets
MLM
MLM
XYL
XYL
Q1 26
$17.0B
Q4 25
$18.7B
$17.6B
Q3 25
$18.7B
$17.3B
Q2 25
$18.1B
$17.2B
Q1 25
$17.7B
$16.6B
Q4 24
$18.2B
$16.5B
Q3 24
$16.5B
$16.0B
Q2 24
$16.3B
$15.8B
Debt / Equity
MLM
MLM
XYL
XYL
Q1 26
0.18×
Q4 25
0.53×
0.17×
Q3 25
0.57×
0.18×
Q2 25
0.58×
0.18×
Q1 25
0.60×
0.19×
Q4 24
0.57×
0.19×
Q3 24
0.44×
Q2 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
MLM
MLM
XYL
XYL
Operating Cash FlowLast quarter
$629.0M
Free Cash FlowOCF − Capex
$424.0M
FCF MarginFCF / Revenue
37.2%
Capex IntensityCapex / Revenue
18.0%
4.2%
Cash ConversionOCF / Net Profit
2.25×
TTM Free Cash FlowTrailing 4 quarters
$978.0M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
MLM
MLM
XYL
XYL
Q1 26
Q4 25
$629.0M
$543.0M
Q3 25
$551.0M
$360.0M
Q2 25
$387.0M
$305.0M
Q1 25
$218.0M
$33.0M
Q4 24
$686.0M
$575.0M
Q3 24
$600.0M
$311.0M
Q2 24
$1.0M
$288.0M
Free Cash Flow
MLM
MLM
XYL
XYL
Q1 26
Q4 25
$424.0M
$460.0M
Q3 25
$361.0M
$281.0M
Q2 25
$208.0M
$207.0M
Q1 25
$-15.0M
$-38.0M
Q4 24
$453.0M
$475.0M
Q3 24
$317.0M
$237.0M
Q2 24
$-138.0M
$215.0M
FCF Margin
MLM
MLM
XYL
XYL
Q1 26
Q4 25
37.2%
19.2%
Q3 25
19.6%
12.4%
Q2 25
11.5%
9.0%
Q1 25
-1.1%
-1.8%
Q4 24
27.8%
21.1%
Q3 24
16.8%
11.3%
Q2 24
-7.8%
9.9%
Capex Intensity
MLM
MLM
XYL
XYL
Q1 26
4.2%
Q4 25
18.0%
3.5%
Q3 25
10.3%
3.5%
Q2 25
9.9%
4.3%
Q1 25
17.2%
3.4%
Q4 24
14.3%
4.4%
Q3 24
15.0%
3.5%
Q2 24
7.9%
3.4%
Cash Conversion
MLM
MLM
XYL
XYL
Q1 26
Q4 25
2.25×
1.62×
Q3 25
1.33×
1.59×
Q2 25
1.18×
1.35×
Q1 25
1.88×
0.20×
Q4 24
2.34×
1.76×
Q3 24
1.65×
1.43×
Q2 24
0.00×
1.48×

Financial Flow Comparison

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

Revenue Breakdown by Segment

MLM
MLM

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

XYL
XYL

Revenue from products$1.8B83%
Revenue from services$368.0M17%

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