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MLM

MARTIN MARIETTA MATERIALS, INC.
CIK 0000916076 ยท EDGAR โ†—
cleanelevatedtriggeredno dataplanned
17.1
composite ยท 5 signals ยท CLEAN

Every card below shows the score and the exact filing data it was computed from โ€” no unexplained numbers. Some signals (P-02, P-03, P-08, P-09, P-10, P-11) pull live documents from SEC EDGAR the first time you view this company; a few of those (P-03, P-10, P-11) use AI to read the filing text, but every AI claim must quote the actual document verbatim or it's discarded โ€” never a guess.

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Signals

P-07 ยท FY 2013-12-31 ยท ELEVATED24.4

Pension underfunding

[FY2013 data, stale โ€” no more recent pension disclosure in XBRL] DB plan 90% funded โ€” -$52M deficit (3% of equity)
trend: flat
Trend
Source: 10-K on SEC.gov (filed 2016-02-23) โ†—
Evidence โ€” inputs and thresholds
{
  "benefit_obligation": 496040000,
  "plan_assets": 443973000,
  "funded_ratio": 0.895,
  "deficit": -52067000,
  "deficit_vs_equity": 0.0339,
  "thresholds": {
    "elevated": "<90% funded",
    "triggered": "<80% funded or deficit >25% of equity"
  },
  "stale": true,
  "latest_filing_period": "2025-12-31",
  "source": {
    "url": "https://www.sec.gov/Archives/edgar/data/916076/000119312516473754/0001193125-16-473754-index.htm",
    "form": "10-K",
    "filed": "2016-02-23"
  }
}
P-01 ยท FY 2025-12-31 ยท CLEAN22.9

Earnings quality

Beneish M-Score -2.70 โ€” no manipulation profile
trend: flat
Trend
Source: 10-K on SEC.gov (filed 2026-02-19) โ†—
Evidence โ€” inputs and thresholds
{
  "m_score": -2.697,
  "threshold": -1.78,
  "ratios": {
    "DSRI": 0.982,
    "GMI": 0.941,
    "AQI": 0.838,
    "SGI": 1.086,
    "DEPI": 0.961,
    "SGAI": 0.951,
    "LVGI": 0.955,
    "TATA": -0.042
  },
  "defaulted_to_neutral": [],
  "sloan_accruals": -0.0351,
  "inputs": {
    "revenue_t": 6150000000,
    "revenue_t1": 5662000000,
    "total_assets_t": 18711000000,
    "net_income_t": 1137000000,
    "cfo_t": 1785000000
  },
  "stale": false,
  "latest_filing_period": "2025-12-31",
  "source": {
    "url": "https://www.sec.gov/Archives/edgar/data/916076/000119312526059193/0001193125-26-059193-index.htm",
    "form": "10-K",
    "filed": "2026-02-19"
  }
}
P-05 ยท FY 2025-12-31 ยท CLEAN1.9

Tax arbitrage

ETR 19.2% โ€” within normal range of statutory
trend: flat
Trend
Source: 10-K on SEC.gov (filed 2026-02-19) โ†—
Evidence โ€” inputs and thresholds
{
  "etr_by_year": {
    "2025-12-31": 0.1925,
    "2024-12-31": 0.2325,
    "2023-12-31": 0.1909
  },
  "statutory_rate": 0.21,
  "gap_by_year": {
    "2025-12-31": 0.0175,
    "2024-12-31": -0.0225,
    "2023-12-31": 0.0191
  },
  "note": "Low ETR can be fully legitimate; this flags persistence + magnitude for review.",
  "stale": false,
  "latest_filing_period": "2025-12-31",
  "source": {
    "url": "https://www.sec.gov/Archives/edgar/data/916076/000119312526059193/0001193125-26-059193-index.htm",
    "form": "10-K",
    "filed": "2026-02-19"
  }
}
P-12 ยท FY 2025-12-31 ยท CLEAN8.5

Restatement predictor

F-Score 0.25 โ€” at or below the population base rate
trend: flat
Trend
Source: 10-K on SEC.gov (filed 2026-02-19) โ†—
Evidence โ€” inputs and thresholds
{
  "f_score": 0.254,
  "probability": 0.00094,
  "components": {
    "rsst": -0.0351,
    "drec": 0.0024,
    "dinv": 0.0033,
    "soft": 0.4465,
    "dcs": 0.0782,
    "droa": -0.049,
    "issue": 0
  },
  "model": "Dechow et al. 2011, Model 1 (simplified RSST)",
  "thresholds": {
    "elevated": 1,
    "triggered": 1.85
  },
  "stale": false,
  "latest_filing_period": "2025-12-31",
  "source": {
    "url": "https://www.sec.gov/Archives/edgar/data/916076/000119312526059193/0001193125-26-059193-index.htm",
    "form": "10-K",
    "filed": "2026-02-19"
  }
}
P-13 ยท FY 2025-12-31 ยท CLEAN0.0

Zombie / distress

Interest coverage 6.25x โ€” servicing debt from operations
trend: flat
Trend
Source: 10-K on SEC.gov (filed 2026-02-19) โ†—
Evidence โ€” inputs and thresholds
{
  "icr_by_year": {
    "2025-12-31": 6.248,
    "2024-12-31": 14.669,
    "2023-12-31": 8.079,
    "2022-12-31": 7.142
  },
  "consecutive_years_below_1": 0,
  "altman_z_double_prime": 3.651,
  "definitions": {
    "zombie": "ICR<1 for 3+ consecutive FYs (BIS 2018)",
    "z_distress": "<1.1 distress, 1.1-2.6 gray, >2.6 safe"
  },
  "inputs": {
    "ebit_t": 1437000000,
    "interest_expense_t": 230000000
  },
  "stale": false,
  "latest_filing_period": "2025-12-31",
  "source": {
    "url": "https://www.sec.gov/Archives/edgar/data/916076/000119312526059193/0001193125-26-059193-index.htm",
    "form": "10-K",
    "filed": "2026-02-19"
  }
}