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Side-by-side financial comparison of Vulcan Materials Company (VMC) and Voya Financial, Inc. (VOYA). Click either name above to swap in a different company.

Voya Financial, Inc. is the larger business by last-quarter revenue ($2.0B vs $1.8B, roughly 1.2× Vulcan Materials Company). Voya Financial, Inc. runs the higher net margin — 9.6% vs 9.4%, a 0.2% gap on every dollar of revenue. On growth, Vulcan Materials Company posted the faster year-over-year revenue change (7.4% vs 3.1%). Over the past eight quarters, Voya Financial, Inc.'s revenue compounded faster (96.1% CAGR vs -6.6%).

Vulcan Materials Company is an American company based in Birmingham, Alabama. It is principally engaged in the production, distribution and sale of construction materials. Vulcan is the largest producer of construction materials, primarily gravel, crushed stone, and sand, and employs approximately 12,000 people at over 400 facilities. Vulcan serves 22 states, the District of Columbia, Mexico, Canada, Bahamas and the U.S. Virgin Islands.

Voya Financial is an American financial, retirement, investment and insurance company based in New York City. Voya began as ING U.S., the United States operating subsidiary of ING Group, which was spun off in 2013 and established independent financial backing through an initial public offering. In April 2014, the company rebranded itself as Voya Financial. Voya's predecessors had first entered the U.S. market in the 1970s.

VMC vs VOYA — Head-to-Head

Bigger by revenue
VOYA
VOYA
1.2× larger
VOYA
$2.0B
$1.8B
VMC
Growing faster (revenue YoY)
VMC
VMC
+4.3% gap
VMC
7.4%
3.1%
VOYA
Higher net margin
VOYA
VOYA
0.2% more per $
VOYA
9.6%
9.4%
VMC
Faster 2-yr revenue CAGR
VOYA
VOYA
Annualised
VOYA
96.1%
-6.6%
VMC

Income Statement — Q1 FY2026 vs Q1 FY2026

Metric
VMC
VMC
VOYA
VOYA
Revenue
$1.8B
$2.0B
Net Profit
$165.0M
$195.0M
Gross Margin
24.1%
Operating Margin
15.1%
Net Margin
9.4%
9.6%
Revenue YoY
7.4%
3.1%
Net Profit YoY
27.9%
29.1%
EPS (diluted)
$1.75

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
VMC
VMC
VOYA
VOYA
Q1 26
$1.8B
$2.0B
Q4 25
$1.9B
$603.0M
Q3 25
$2.3B
$572.0M
Q2 25
$2.1B
$542.0M
Q1 25
$1.6B
$538.0M
Q4 24
$1.9B
$561.0M
Q3 24
$2.0B
$542.0M
Q2 24
$2.0B
$528.0M
Net Profit
VMC
VMC
VOYA
VOYA
Q1 26
$165.0M
$195.0M
Q4 25
$252.0M
$140.0M
Q3 25
$374.9M
$192.0M
Q2 25
$320.9M
$166.0M
Q1 25
$128.9M
$156.0M
Q4 24
$293.6M
$97.0M
Q3 24
$207.6M
$114.0M
Q2 24
$308.0M
$205.0M
Gross Margin
VMC
VMC
VOYA
VOYA
Q1 26
24.1%
Q4 25
25.5%
Q3 25
30.4%
Q2 25
29.7%
Q1 25
22.3%
Q4 24
29.0%
Q3 24
28.2%
Q2 24
29.4%
Operating Margin
VMC
VMC
VOYA
VOYA
Q1 26
15.1%
Q4 25
19.8%
28.0%
Q3 25
23.7%
53.7%
Q2 25
22.4%
34.7%
Q1 25
13.9%
32.2%
Q4 24
21.6%
21.4%
Q3 24
16.8%
21.4%
Q2 24
22.5%
52.3%
Net Margin
VMC
VMC
VOYA
VOYA
Q1 26
9.4%
9.6%
Q4 25
13.2%
23.2%
Q3 25
16.4%
33.6%
Q2 25
15.3%
30.6%
Q1 25
7.9%
29.0%
Q4 24
15.8%
17.3%
Q3 24
10.4%
21.0%
Q2 24
15.3%
38.8%
EPS (diluted)
VMC
VMC
VOYA
VOYA
Q1 26
$1.75
Q4 25
$1.90
$1.41
Q3 25
$2.82
$1.80
Q2 25
$2.42
$1.66
Q1 25
$0.97
$1.42
Q4 24
$2.21
$0.99
Q3 24
$1.56
$0.98
Q2 24
$2.31
$1.96

Balance Sheet & Financial Strength

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

Metric
VMC
VMC
VOYA
VOYA
Cash + ST InvestmentsLiquidity on hand
$140.2M
$969.0M
Total DebtLower is stronger
$4.4B
$2.5B
Stockholders' EquityBook value
$8.5B
$6.5B
Total Assets
$16.7B
$173.4B
Debt / EquityLower = less leverage
0.51×
0.39×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
VMC
VMC
VOYA
VOYA
Q1 26
$140.2M
$969.0M
Q4 25
$183.3M
Q3 25
$191.3M
Q2 25
$347.4M
Q1 25
$181.3M
Q4 24
$559.7M
Q3 24
$433.2M
Q2 24
$111.0M
Total Debt
VMC
VMC
VOYA
VOYA
Q1 26
$4.4B
$2.5B
Q4 25
$4.4B
$2.1B
Q3 25
$4.4B
$2.1B
Q2 25
$4.4B
$2.1B
Q1 25
$4.9B
$2.1B
Q4 24
$5.3B
$2.5B
Q3 24
$3.3B
$2.5B
Q2 24
$3.3B
$2.1B
Stockholders' Equity
VMC
VMC
VOYA
VOYA
Q1 26
$8.5B
$6.5B
Q4 25
$8.5B
$5.0B
Q3 25
$8.7B
$5.0B
Q2 25
$8.4B
$4.6B
Q1 25
$8.1B
$4.4B
Q4 24
$8.1B
$4.0B
Q3 24
$7.9B
$4.7B
Q2 24
$7.7B
$4.0B
Total Assets
VMC
VMC
VOYA
VOYA
Q1 26
$16.7B
$173.4B
Q4 25
$16.7B
$178.9B
Q3 25
$17.0B
$177.4B
Q2 25
$17.0B
$172.4B
Q1 25
$16.7B
$163.9B
Q4 24
$17.1B
$163.9B
Q3 24
$14.4B
$166.9B
Q2 24
$14.2B
$161.3B
Debt / Equity
VMC
VMC
VOYA
VOYA
Q1 26
0.51×
0.39×
Q4 25
0.51×
0.42×
Q3 25
0.50×
0.42×
Q2 25
0.52×
0.45×
Q1 25
0.60×
0.48×
Q4 24
0.65×
0.62×
Q3 24
0.42×
0.53×
Q2 24
0.43×
0.52×

Cash Flow & Capital Efficiency

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

Metric
VMC
VMC
VOYA
VOYA
Operating Cash FlowLast quarter
$241.1M
Free Cash FlowOCF − Capex
FCF MarginFCF / Revenue
Capex IntensityCapex / Revenue
Cash ConversionOCF / Net Profit
1.46×
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
VMC
VMC
VOYA
VOYA
Q1 26
$241.1M
Q4 25
$543.0M
$557.0M
Q3 25
$676.8M
$168.0M
Q2 25
$341.7M
$742.0M
Q1 25
$251.5M
$-179.0M
Q4 24
$440.1M
$79.0M
Q3 24
$595.0M
$719.0M
Q2 24
$201.1M
$316.0M
Free Cash Flow
VMC
VMC
VOYA
VOYA
Q1 26
Q4 25
$358.2M
Q3 25
$454.8M
Q2 25
$238.8M
Q1 25
$83.5M
Q4 24
$277.6M
Q3 24
$498.2M
Q2 24
$9.7M
FCF Margin
VMC
VMC
VOYA
VOYA
Q1 26
Q4 25
18.7%
Q3 25
19.8%
Q2 25
11.4%
Q1 25
5.1%
Q4 24
15.0%
Q3 24
24.9%
Q2 24
0.5%
Capex Intensity
VMC
VMC
VOYA
VOYA
Q1 26
Q4 25
9.7%
Q3 25
9.7%
Q2 25
4.9%
Q1 25
10.3%
Q4 24
8.8%
Q3 24
4.8%
Q2 24
9.5%
Cash Conversion
VMC
VMC
VOYA
VOYA
Q1 26
1.46×
Q4 25
2.15×
3.98×
Q3 25
1.81×
0.88×
Q2 25
1.06×
4.47×
Q1 25
1.95×
-1.15×
Q4 24
1.50×
0.81×
Q3 24
2.87×
6.31×
Q2 24
0.65×
1.54×

Financial Flow Comparison

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

Revenue Breakdown by Segment

VMC
VMC

Segment breakdown not available.

VOYA
VOYA

Premiums$744.0M37%
Fee income$604.0M30%
Other$574.0M28%
Other revenues$109.0M5%

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