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6Material company update
Apr 29, 2026·SEC
Material company update
Feb 2, 2026·SEC
Material company update
Oct 29, 2025·SEC
United States Lime & Minerals, Inc.(USLM)Earnings, Financials & Key Ratios
USLM•NASDAQ
$102.78
22.0× P/E·Price updated Jul 6, 2026
AboutUnited States Lime & Minerals, Inc. manufactures and supplies lime and limestone products in the United States. It extracts limestone from open-pit quarries and an underground mine, and processes it as pulverized limestone, quicklime, hydrated lime, and lime slurry. The company supplies its products primarily to the construction customers, including highway, road, and building contractors; industrial customers, such as paper and glass manufacturers; environmental customers comprising municipal sanitation and water treatment facilities, and flue gas treatment processes; steel producers; oil and gas services companies; roof shingle manufacturers; and poultry and cattle feed producers. It also has various royalty interests and non-operating working interests with respect to oil and gas rights in natural gas wells located in Johnson County, Texas in the Barnett Shale Formation. The company was incorporated in 1950 and is headquartered in Dallas, Texas.Show more
- Revenue$373M+17.3%
- EBITDA$183M+22.8%
- Net Income$134M+23.4%
- EPS (Diluted)4.67+23.2%
- Gross Margin48.84%+7.8%
- EBITDA Margin49.12%+4.7%
- Operating Margin42.35%+7.7%
- Net Margin36.02%+5.2%
- ROE23.8%-2.6%
USLM Price & Volume
United States Lime & Minerals, Inc. (USLM) stock price & volume — 10-year historical chart
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Fortress Balance Sheet Offsets Cyclical Revenue Headwinds
Investment Thesis • Updated 2026Q1
VerdictNeutral
Growth:Decelerating
Profitability:Strong
Financial:Fortress
Cash Flow:Robust
Primary Risk:Capital allocation inefficiency
Key Thesis Takeaways
- United States Lime & Minerals maintains a robust competitive position characterized by exceptional gross margins that peaked at 51.1% in 2025Q3, though recent revenue growth has decelerated to a 3.7% contraction as of 2026Q1.
- The company's reliance on high-margin royalty streams and core industrial lime production provides significant cash flow stability, yet investors should monitor the long-term decline in Barnett Shale natural gas production.
- While the firm's liquidity position is unparalleled with a current ratio of 20.73, the lack of aggressive capital deployment suggests a conservative management approach that may limit near-term equity appreciation.
Verdict Logic
while the company exhibits strong profitability with a 34.8% net margin as of 2026Q1, the current P/E of 22.77 and decelerating revenue growth suggest limited upside until industrial demand stabilizes.
USLM Growth Metrics
United States Lime & Minerals, Inc. (USLM) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR
Revenue CAGR
10 Years11.04%
5 Years18.32%
3 Years16.43%
TTM9.49%
Profit CAGR
10 Years26.41%
5 Years36.61%
3 Years43.51%
TTM8.49%
EPS CAGR
10 Years26.08%
5 Years36.1%
3 Years42.91%
TTM8.1%
Return on Capital
10 Years16.59%
5 Years21.57%
3 Years25%
Last Year26.64%
USLM Recent Earnings
United States Lime & Minerals, Inc. (USLM) EPS & revenue vs analyst estimates — last 4 quarters
●Beat EPS 1/12 qtrs (25%)●Beat Revenue 1/12 qtrs (25%)
Q2 2026Latest
Apr 29, 2026Metric
Actual
Est
EPS
$1.06-11.7%
$1.20
Rev
$88M-13.9%
$102M
Q1 2026
Feb 2, 2026Metric
Actual
Est
EPS
$1.06-6.2%
$1.13
Rev
$88M-9.3%
$97M
Q4 2025
Oct 29, 2025Metric
Actual
Est
EPS
$1.35+19.5%
$1.13
Rev
$102M+5.2%
$97M
Q3 2025
Jul 30, 2025Metric
Actual
Est
EPS
$1.07-6.1%
$1.14
Rev
$92M-9.4%
$101M
| Quarter | Date | EPS (Act vs Est) | Revenue (Act vs Est) |
|---|---|---|---|
| Q2 2026Latest | Apr 29, 2026 | $1.06vs $1.20-11.7% | $88Mvs $102M-13.9% |
| Q1 2026 | Feb 2, 2026 | $1.06vs $1.13-6.2% | $88Mvs $97M-9.3% |
| Q4 2025 | Oct 29, 2025 | $1.35vs $1.13+19.5% | $102Mvs $97M+5.2% |
| Q3 2025 | Jul 30, 2025 | $1.07vs $1.14-6.1% | $92Mvs $101M-9.4% |
Based on last 12 quarters of dataView full earnings history →
Peers Comparison
Key metrics vs top competitors for United States Lime & Minerals, Inc. (USLM)
| Company | Price | Market Cap | P/E Ratio | Rev Growth (1Y) | Net Margin | ROE | Div Yield |
|---|---|---|---|---|---|---|---|
| $102.78 | $2.95B | 22.01 | 17.31% | 36.02% | 23.8% | 0.23% | |
| $605.30 | $36.51B | 32.20 | 0.12% | 38.67% | 25.07% | — | |
| $304.84 | $39.55B | 37.54 | 6.94% | 13.88% | 13.07% | — | |
| $107.58 | $71.88B | 19.52 | 9.01% | 9.04% | 22.18% | — | |
| $217.54 | $6.73B | 16.58 | 2.13% | 18.36% | 28.27% | — | |
| $167.01 | $5.35B | 35.16 | 8.75% | 14.95% | 12.38% | — |
Compare USLM vs Peers
United States Lime & Minerals, Inc. (USLM) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
USLM SEC Filings & Documents
United States Lime & Minerals, Inc. (USLM) SEC filings — annual & quarterly reports (10-K, 10-Q)
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USLM Frequently Asked Questions
United States Lime & Minerals, Inc. (USLM) stock FAQ — growth, dividends, profitability & financials explained
Growth & Financials
What is United States Lime & Minerals, Inc.'s revenue?
United States Lime & Minerals, Inc. (USLM) reported $369.3M in revenue for fiscal year 2025. This represents a 819% increase from $40.2M in 1996.
How fast is United States Lime & Minerals, Inc. growing?
United States Lime & Minerals, Inc. (USLM) grew revenue by 17.3% over the past year. This is strong growth.
Is USLM profitable?
Yes, United States Lime & Minerals, Inc. (USLM) is profitable, generating $130.7M in net income for fiscal year 2025 (36.0% net margin).
Dividend & Returns
Does USLM pay dividends?
Yes, United States Lime & Minerals, Inc. (USLM) pays a dividend with a yield of 0.23%. This makes it attractive for income-focused investors.
What is USLM's return on equity?
United States Lime & Minerals, Inc. (USLM) has a return on equity (ROE) of 23.8%. This is excellent, indicating efficient use of shareholder capital.
What is United States Lime & Minerals, Inc.'s free cash flow?
United States Lime & Minerals, Inc. (USLM) generated $91.4M in free cash flow for fiscal year 2025. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.