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Aggregates: 30% Margins on Crushed Rock. The Boring Oligopoly.
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#Aggregates #VulcanMaterials #BigZResearch Vulcan Materials made $11.33 in cash gross profit on every ton of crushed stone they sold in 2025. 29.3% EBITDA margin. On rocks. Martin Marietta charges $23.30 per ton - up from $9.26 a decade ago. CRH owns the largest North American aggregates position with 230 million tons per year. And the federal infrastructure bill that funds half of US roads expires September 30, 2026. Three reasons aggregates is a moat business: logistics (trucking over 30 mil
