Martin Marietta Materials Inc
NYSE:MLM
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Martin Marietta Materials Inc
Narrow
Economic Moat
Narrow economic moat driven by local/operational scale, cost advantages from scale and pricing power, and regulatory/intangible barriers tied to permitted reserves and quarry footprints.
Martin Marietta Materials Inc
Competitive Advantages
Long-lived permitted reserves, site-specific permits and embedded capital in quarries create regulatory and asset-based barriers to entry that protect incumbents’ market positions. ([findmymoat.com](https://www.findmymoat.com/stocks/XNYS%3AMLM?utm_source=openai))
Scale and dense network allow lower per-ton delivered costs and pricing power (demonstrated by above-peer aggregate margins and ability to raise average selling prices), supporting superior unit economics. ([ainvest.com](https://www.ainvest.com/news/martin-marietta-materials-mlm-strategic-position-2025-aggregate-market-2509/?utm_source=openai))
Extensive local footprint of quarries, mines and distribution yards concentrates supply in regional markets where high transport costs make it uneconomic for outsiders to compete, creating de facto local monopolies and scale advantages. ([findmymoat.com](https://www.findmymoat.com/stocks/XNYS%3AMLM?utm_source=openai))
Wide Economic Moat Companies
| Company | Last Price | Price Change | Market Cap | Economic Moat | ||
|---|---|---|---|---|---|---|
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NVIDIA Corp
NVDA
|
$198.87 |
+0.9%
|
$4.8T | Wide |
|
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Apple Inc
AAPL
|
$266.43 |
+2.2%
|
$3.9T | Wide |
|
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Alphabet Inc
GOOGL
|
$337.12 |
-0.2%
|
$4.1T | Wide |
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Microsoft Corp
MSFT
|
$411.22 |
+1.1%
|
$3.1T | Wide |
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Amazon.com Inc
AMZN
|
$248.5 |
+1.9%
|
$2.7T | Wide |
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Taiwan Semiconductor Manufacturing Co Ltd
2330
|
NT$2 080 |
+2.7%
|
$1.7T | Wide |
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Meta Platforms Inc
META
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$671.58 |
+0.1%
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$1.7T | Wide |
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Broadcom Inc
AVGO
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$396.72 |
-2.3%
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$1.9T | Wide |
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Walmart Inc
WMT
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$124.76 |
+0.6%
|
$994.4B | Wide |
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Eli Lilly and Co
LLY
|
$905.03 |
-1.3%
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$855.6B | Wide |
| Company | Last Price | Price Change | Market Cap | Economic Moat | ||
|---|---|---|---|---|---|---|
|
|
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Advantest Corp
6857
|
¥27 585 |
+8%
|
$130.6B | Wide |
|
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Eoptolink Technology Inc Ltd
300502
|
¥531.58 |
+2.8%
|
$76.8B | Wide |
|
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Disco Corp
6146
|
¥70 580 |
+5.6%
|
$49.5B | Wide |
|
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G
|
Gold Fields Ltd
GFI
|
Zac79 142 |
-1.5%
|
$44.4B | Wide |
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Suzhou TFC Optical Communication Co Ltd
300394
|
¥330.66 |
-3.8%
|
$37.3B | Wide |
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F
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Fortress Transportation and Infrastructure Investors LLC
FTAI
|
$269.83 |
+6.2%
|
$27.7B | Wide |
|
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Veeva Systems Inc
VEEV
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$167.3 |
+1.8%
|
$27.5B | Wide |
|
|
|
Lasertec Corp
6920
|
¥41 370 |
+2.3%
|
$25.2B | Wide |
|
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Shanxi Xinghuacun Fen Wine Factory Co Ltd
600809
|
¥141.21 |
+0.2%
|
$25B | Wide |
|
|
|
Montage Technology Co Ltd
688008
|
¥147.18 |
-4.7%
|
$24.5B | Wide |
Martin Marietta Materials Inc
Glance View
Nestled within the industrial heartlands, Martin Marietta Materials Inc. stands tall as a formidable force in the realm of construction materials. Born from a strategic spin-off in 1996, the company carries a legacy rooted deep in the extraction and supply of aggregates, the silent yet essential components of modern infrastructure. Aggregates, which include crushed stone, sand, and gravel, serve as the backbone of every construction project, forming the foundation upon which roads, bridges, and buildings rise. Martin Marietta capitalizes on this necessity, distributing its products across a network of quarries and production facilities spread strategically across the United States, ensuring a seamless supply to meet the ever-constant demand fueled by development and urbanization. The financial bedrock of Martin Marietta is built upon its extensive logistics and distribution capabilities, allowing it to efficiently manage bulk materials while maintaining competitive pricing. Through a keen sense of market dynamics and demand forecasting, the company maneuvers its operations to prioritize areas experiencing explosive growth or infrastructural enhancement. Beyond its staple aggregates, Martin Marietta diversifies through the production of ready-mixed concrete and asphalt, which not only broadens its portfolio but also deepens its penetration into the very core of construction sectors. This strategic blend of operational efficiency and market adaptability positions Martin Marietta as a resilient player in the construction materials industry, deftly traversing the cyclical nature of the construction market while consistently laying down the groundwork for tomorrow’s infrastructure.
Our research into Economic Moat performance spans the past 10 years and focuses on companies with a wide economic moat. For this analysis, we calculated the average stock price returns of these companies, comparing them to the performance of the S&P 500 index over the same period.
The results were compelling: wide moat stocks achieved a remarkable +645% average return, compared to +188% for the broader market. This difference highlights the long-term benefits of investing in businesses that can maintain their market position and pricing power over time.
Note: This research does not account for survivorship bias. Past performance is not indicative of future results.
Economic Moat