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United States Lime & Minerals (USLM) Stock Fundamentals, Analysis & Risk Signals

Health score, competitive moat, risk signals, and key metrics at a glance.

NasdaqGS•Basic Materials•Building Materials
B
GoodMetricSide Score: 79/100
ProfitabilityProfit30/30
GrowthGrowth15/25
Balance SheetBalance17/25
Cash QualityCash17/20
Price & Volume
Market Cap $3.00B

United 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; oil and gas services companies; roof shingle manufacturers; and poultry producers, as well as steel producers. In addition, the company has various royalty 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. United States Lime & Minerals, Inc. is a subsidiary of Inberdon Enterprises Ltd.

Moat Signals

Competitive analysis based on 60 quarters of fundamental data

Pricing Power

Strong Moat

Operating margins are stable at ~41.3%, suggesting durable pricing power and cost discipline.

Competitive Advantage

Strong Moat

Consistently high ROE averaging 21.2% suggests a durable competitive advantage and efficient capital allocation.

Risk Signals

Data-driven red flags and warnings across 60 quarters

Low Risk

Margin Pressure

Healthy

Margins are stable or improving at ~41.5% — no sign of cost or pricing stress.

Earnings Quality

Watch

FCF/Net Income has dropped below 0.7x in 3 quarters — monitor for earnings quality deterioration.

Leverage Risk

Healthy

Limited debt-to-equity data available.

Revenue Decline

Healthy

Revenue is stable or growing over recent quarters — demand appears durable.

Cash Burn

Healthy

Free cash flow is consistently positive — the business self-funds without external capital reliance.

Share Dilution

Healthy

Share count is stable — no significant dilution or buyback activity.

Metrics at a Glance

as of March 2026

Revenue & Profit

Revenue, EBITDA, operating income, net income, EPS, and shares

TTM Revenue
$369.31M
9.5%
Q. Revenue
$87.83M
TTM EBITDA
$179.43M
9.9%
TTM Op. Income
$153.75M
10.6%
Q. Op. Income
$35.78M
TTM Net Income
$130.74M
8.5%
Q. Net Income
$30.58M
EPS
$1.07
Shares Out.
$28.67M
0.2%
$369.31M in TTM revenue grew 9.5% YoY, reaching $87.83M last quarter. TTM EBITDA of $179.43M and TTM operating income of $153.75M shows growth is flowing through. Net income of $130.74M TTM confirms the company is converting revenue into profit. Revenue is growing at a healthy pace — a signal to hold.

Margins

Gross, EBITDA, operating, and net margin trends

Gross Margin
47.5%
6.0%
EBITDA Margin
48.3%
Op. Margin
40.7%
6.8%
Net Margin
34.8%
6.9%
Op. margin of 40.7% is down 3.0% YoY — costs are rising relative to revenue. Net margin at 34.8% and gross margin of 47.5% — earnings take a bigger bite when COGS stays lean..

Price Ratios

P/E, P/S, P/B, EV/EBITDA, FCF yield, and earnings yield

P/E Ratio
22.9x
P/S Ratio
8.1x
P/B Ratio
4.5x
At 22.9x P/E, the stock trades in line with market averages — fairly valued. P/S of 8.1x and P/B of 4.5x provide additional context. Assess whether the current multiple is justified by the company's growth and profitability trajectory.

Assets & Liabilities

Total assets, cash, debt, book value, and leverage

Total Assets
$713.84M
Cash
$383.17M
Long-Term Debt
N/A
Book Value
$661.16M
D/E Ratio
N/A
Debt/EBITDA
0.0

Cash Flow

Operating cash flow, free cash flow, FCF margin, and earnings quality

Op. Cash Flow
$32.06M
TTM Free Cash Flow
$91.41M
11.1%
FCF Margin
24.8%
FCF / Net Income
0.7
TTM FCF of $91.41M on $32.06M in operating cash flow. The FCF / Net Income ratio of 0.7x indicates partial cash conversion — earnings quality needs attention.

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Cash Generation

Moderate Moat

8 of the last 8 quarters generated positive FCF. The company generally funds itself but has occasional cash consumption quarters.

Demand Durability

Strong Moat

TTM revenue has grown consistently (6 of 7 quarters up), with ~27.9% growth over the period. Strong demand durability.