# Martin Marietta Materials (MLM.US)

Canonical: https://gigainvestors.com/s/MLM

Analysis as of: 2026-10-16T07:30:16.685Z. Financial observations: FY1996–FY2026.

Listing currency: USD. Reporting currency: USD.

## Verdict

Not a wonderful business

Quality tests for Buy: not passed (profit record: pass; earnings resilience is evidence only). Published buy qualification: no.

Share price: $491.23 per share; close as of 2026-10-15.

Estimated value: low $214.43 per share, central $289.98 per share, high $339.76 per share. Buy at or below the central value $289.98 per share. Valuation as of 2026-10-16T07:30:16.685Z; scenarios are not confidence intervals.

Expected annual return: 7.2% at the stated quote. About 7.2% a year at today's price (required return 10.0%). required return 10.0% a year (10% floor; US 10-year bond 5.1% + 4 points).

## Checklist

### understandable: pass

- 2 revenue declines in the last 10 years (informational)

- Financial history: 10 years

- Years with declining revenue: 2

- Years with a net loss: 0

- Operating margin variation: 0.31×

Chart: Operating margin; fiscal year observations.

- FY2017: 0.18×

- FY2018: 0.16×

- FY2019: 0.19×

- FY2020: 0.21×

- FY2021: 0.18×

- FY2022: 0.20×

- FY2023: 0.24×

- FY2024: 0.41×

- FY2025: 0.23×

- LTM to Jun 2026: 0.21×

### moat: fail

- ROIC median below threshold

- ROIC, median of available years: 11.4%

- ROIC, second-lowest year: 10.0%

- Typical minus recent gross margin: -2.5 pp

- Typical gross margin (annual median): 25.7%

- Recent gross margin (lower of latest and 3-year median): 28.2%

- Years with nonpositive capital: 0

- Capital spending / revenue: 9.2%

- ROIC including acquisitions, ten-year median: 7.2%

Chart: ROIC excluding acquisitions; fiscal year observations.

- FY2017: 17.1%

- FY2018: 10.0%

- FY2019: 11.7%

- FY2020: 13.7%

- FY2021: 10.1%

- FY2022: 11.0%

- FY2023: 15.8%

- FY2024: 18.6%

- FY2025: 10.5%

- LTM to Jun 2026: 8.4%

### economics: pass

- Owner earnings / net income, 5-yr: 0.94×

- Cash conversion uses consolidated totals: No

- Owner earnings, five-year total: $7.2B

- Net income, five-year total: $7.6B

- Return on incremental invested capital: 38.0%

- Working capital / revenue, annual change: 0.1 pp

- Working capital / revenue, change between three-year averages: 1.1 pp

- Working capital / revenue, final three-year average: 23.6%

Chart: Annual owner cash / profit; fiscal year observations.

- FY2022: 1.02×

- FY2023: 1.00×

- FY2024: 0.86×

- FY2025: 0.86×

- LTM to Jun 2026: 1.00×

### management: pass

- Historical market-dollar context (not the management verdict): 2016 to 2025 (9 years)

- buybacks leaned toward cheaper years (informational)

- ROIC first 3 years vs last 3 years: 13.1% vs 15.8%

- Per-share earnings: 6.66 to 18.82 (three-year endpoint medians)

- Management verdict uses per-share economic progress: Yes

- Ordinary dilution, 10-year annual growth: -1.0%

- Ordinary dilution, 5-year annual growth: -0.6%

- Market cap gain: $24B

- Cumulative retained earnings: $5.5B

- Diluted shares, 10-year annual growth: -1.0%

- Diluted shares, 5-year annual growth: -0.6%

- $1 test, starting fiscal year: FY2016

- $1 test, ending fiscal year: FY2025

- Per-share value growth: 13.9%

- Per-share value change: $12.16

- Per-share value, starting three-year median: $6.66

- Per-share value, ending three-year median: $18.82

- Buybacks concentrated in cheaper years (correlation): 0.25

- Average buyback yield: 0.9%

- Buyback history: 10 years

- Debt-funded buybacks: No

- Acquisition spending: $2.2B

- Cumulative net income, 10 years: $8.8B

- ROIC, first three-year median: 13.1%

- ROIC, last three-year median: 15.8%

Chart: Earnings per share; fiscal year observations.

- FY2016: $6.66

- FY2017: $11.29

- FY2018: $7.45

- FY2019: $9.76

- FY2020: $11.55

- FY2021: $11.22

- FY2022: $13.87

- FY2023: $18.82

- FY2024: $32.39

- FY2025: $18.76

### accounting: pass

- Sloan accruals: -3.5%

- Receivables to sales index (DSRI): 1.07×

- Restructuring years, last five: 2

- Stock compensation / operating cash flow: 2.6%

- Earnings backed by cash: Yes

- Operating cash / earnings: 1.57×

- Accounting red flags: 0

- Goodwill and intangibles / equity: 0.36×

Chart: Sloan accruals; fiscal year observations.

- FY2016: -3.6%

- FY2017: 0.6%

- FY2018: -2.5%

- FY2019: -3.5%

- FY2020: -3.1%

- FY2021: -3.0%

- FY2022: -0.8%

- FY2023: -2.4%

- FY2024: 2.9%

- FY2025: -3.5%

## Holders

- [Thomas Russo](https://gigainvestors.com/GR): tracked 13F investor; follow the investor page for holding quarter and amounts.

- [Wallace Weitz](https://gigainvestors.com/WIM): tracked 13F investor; follow the investor page for holding quarter and amounts.

- [Chris Hohn](https://gigainvestors.com/tci): tracked 13F investor; follow the investor page for holding quarter and amounts.

## Price story

Down 27% since Feb 2026 · "Martin Marietta Pricing Gains Drive Margin Strength, Sales Outlook Trimmed" (finance.yahoo.com, Aug 2025) · sales +2.2%

Story as of 2026-10-16T09:59:10.592Z; price observation 2026-10-15.

Price needs cash profits to grow 11.8% a year for ten years

- 2025-04-30: Martin Marietta posts higher profit on strong demand for building materials ([finance.yahoo.com](https://finance.yahoo.com/news/martin-marietta-posts-higher-profit-135514024.html))

- 2025-08-24: Martin Marietta And Quikrete Swap Assets; Martin Marietta Buys Premier Magnesia, Raises 2025 Outlook ([finance.yahoo.com](https://finance.yahoo.com/news/martin-marietta-quikrete-swap-assets-053144318.html))

- 2026-02-12: Martin Marietta outlines $2.49B adjusted EBITDA target for 2026 while advancing SOAR 2030 strategy ([seekingalpha.com](https://seekingalpha.com/news/4550813-martin-marietta-outlines-2_49b-adjusted-ebitda-target-for-2026-while-advancing-soar-2030?utm_source=feed_news_all&amp;utm_medium=referral&amp;feed_item_type=news))

### Sales · FY2025–2026

sales +2.2%; source https://www.sec.gov/Archives/edgar/data/916076/000119312526059193/mlm-20251231.htm; observed 2026-02-19.

- FY2017: $4.0B 

- FY2018: $4.2B 

- FY2019: $4.7B 

- FY2020: $4.7B 

- FY2021: $5.4B 

- FY2022: $6.2B 

- FY2023: $6.8B 

- FY2024: $6.5B 

- FY2025: $6.5B 

- FY2026: $6.7B 

### Gross margin · FY2026

gross margin 28.2%; source https://www.sec.gov/Archives/edgar/data/916076/000119312526059193/mlm-20251231.htm; observed 2026-02-19.

- FY2017: 24.5% 

- FY2018: 22.8% 

- FY2019: 24.9% 

- FY2020: 26.5% 

- FY2021: 24.9% 

- FY2022: 23.1% 

- FY2023: 29.9% 

- FY2024: 28.7% 

- FY2025: 30.0% 

- FY2026: 28.2% 

## Owner memo

Memo as of 2026-10-16T08:06:05.509Z.

### How it makes money

Operates in building materials; annual sales are USD 6.5 billion.

- Source: https://www.sec.gov/Archives/edgar/data/916076/000119312526059193/mlm-20251231.htm (filed 2026-02-19); FY2025: revenue 6544000000; grossProfit 1962000000; margin = grossProfit / revenue.

- Source: https://eodhd.com/financial-apis/stock-etfs-fundamental-data-feeds/ (filed 2026-10-16); MLM.US: Martin Marietta Materials, Inc., a natural resource-based building materials company, supplies aggregates and heavy-side building materials to the construction industry in the United States and internationally. It operates through East Group and West Group segments. The company offers crushed stone, sand, and gravel products; ready mixed concrete and asphalt; and paving products and services for use in the infrastructure projects, and nonresidential and residential construction projects, as well as in the railroad, agricultural, utility, and environmental industries. It also produces magnesia-based chemicals products, and dolomitic lime primarily to customers for steel production and soil stabilization. Its chemical products are used in flame retardants, wastewater treatment, pulp and paper production, and other applications. The company was founded in 1939 and is based in Raleigh, North Carolina.

### Why customers stay

Margins ranged from 28.7% to 30% during 2023–25; it earns 11.4% on its capital.

- Source: https://eodhd.com/financial-apis/stock-etfs-fundamental-data-feeds/ (filed 2026-02-19); FY2023: grossProfit / revenue = 29.9%.

- Source: https://eodhd.com/financial-apis/stock-etfs-fundamental-data-feeds/ (filed 2026-02-19); FY2024: grossProfit / revenue = 28.7%.

- Source: https://www.sec.gov/Archives/edgar/data/916076/000119312526059193/mlm-20251231.htm (filed 2026-02-19); FY2025: grossProfit / revenue = 30%.

- Source: https://eodhd.com/financial-apis/stock-etfs-fundamental-data-feeds/ (filed 2026-02-19); 10-year return on capital observations [[2017,0.17082347696017136],[2018,0.10030122973545219],[2019,0.11685700919500723],[2020,0.13715823773945413],[2021,0.10071753799176252],[2022,0.1102268228893979],[2023,0.15838823758930323],[2024,0.18593399556718285],[2025,0.10506944880431857],[2026,0.08372069881883225]]; median 0.11354191604220257. ROIC follows the displayed moat series; financial companies use return on tangible equity.

### Can it raise prices

"Aggregates pricing continued to improve, increasing 6.9% year over year." (SEC filing, Feb 2026)

- Source: https://www.sec.gov/Archives/edgar/data/916076/000119312526059193/mlm-20251231.htm (filed 2026-02-19); Aggregates pricing continued to improve, increasing 6.9% year over year.

### Where the cash goes

Spends 1.1% of cash earnings on expansion; earns 38% on new investment.

- Source: https://eodhd.com/financial-apis/stock-etfs-fundamental-data-feeds/ (filed 2026-02-19); FY2016: growth capex 93191000; upkeep 294076000; owner earnings 425386000. Growth capex / owner earnings = 0.21907397046447227.

- Source: https://eodhd.com/financial-apis/stock-etfs-fundamental-data-feeds/ (filed 2026-02-19); FY2017: growth capex 104456000; upkeep 305844000; owner earnings 713300000. Growth capex / owner earnings = 0.1464404878732651.

- Source: https://eodhd.com/financial-apis/stock-etfs-fundamental-data-feeds/ (filed 2026-02-19); FY2018: growth capex 23952000; upkeep 352048000; owner earnings 470000000. Growth capex / owner earnings = 0.050961702127659575.

- Source: https://eodhd.com/financial-apis/stock-etfs-fundamental-data-feeds/ (filed 2026-02-19); FY2019: growth capex 12901000; upkeep 380600000; owner earnings 611900000. Growth capex / owner earnings = 0.021083510377512667.

- Source: https://eodhd.com/financial-apis/stock-etfs-fundamental-data-feeds/ (filed 2026-02-19); FY2020: growth capex 0; upkeep 359700000; owner earnings 769300000. Growth capex / owner earnings = 0.

- Source: https://eodhd.com/financial-apis/stock-etfs-fundamental-data-feeds/ (filed 2026-02-19); FY2021: growth capex 0; upkeep 423100000; owner earnings 725800000. Growth capex / owner earnings = 0.

- Source: https://eodhd.com/financial-apis/stock-etfs-fundamental-data-feeds/ (filed 2026-02-19); FY2022: growth capex 0; upkeep 481800000; owner earnings 884600000. Growth capex / owner earnings = 0.

- Source: https://eodhd.com/financial-apis/stock-etfs-fundamental-data-feeds/ (filed 2026-02-19); FY2023: growth capex 142700000; upkeep 507300000; owner earnings 1169000000. Growth capex / owner earnings = 0.12207014542343883.

- Source: https://eodhd.com/financial-apis/stock-etfs-fundamental-data-feeds/ (filed 2026-02-19); FY2024: growth capex 0; upkeep 855000000; owner earnings 1713000000. Growth capex / owner earnings = 0.

- Source: https://www.sec.gov/Archives/edgar/data/916076/000119312526059193/mlm-20251231.htm (filed 2026-02-19); FY2025: growth capex 10459828.376023889; upkeep 796540171.6239761; owner earnings 977459828.3760239. Growth capex / owner earnings = 0.010701031461724733.

- Source: https://eodhd.com/financial-apis/stock-etfs-fundamental-data-feeds/ (filed 2026-02-19); Incremental return on capital 0.38031531996844725, from the economics test's unchanged annual inputs.

- Source: https://eodhd.com/financial-apis/stock-etfs-fundamental-data-feeds/ (filed 2026-02-19); Dividend observations: [[2016,105036000],[2017,108900000],[2018,116400000],[2019,129796000],[2020,140300000],[2021,147800000],[2022,159100000],[2023,174000000],[2024,189000000],[2025,197000000]]. Zero only counted when supported by a complete cash-flow statement.

- Source: https://www.sec.gov/Archives/edgar/data/916076/000119312526059193/mlm-20251231.htm (filed 2026-02-19); FY2025: cash repurchases 450000000 USD.

### Are managers owners

Insiders own 16.1% of the company.

- Source: https://eodhd.com/financial-apis/stock-etfs-fundamental-data-feeds/ (filed 2026-10-16); MLM.US SharesStats.PercentInsiders = 16.148 percentage points; cache date 2026-10-16.

### What could break it

"Our business depends on construction activity" (SEC filing, Feb 2026)

- Source: https://www.sec.gov/Archives/edgar/data/916076/000119312526059193/mlm-20251231.htm (filed 2026-02-19); Our business depends on construction activity

### What the price says

The price assumes cash profits grow 11.8% yearly over ten years; actual growth was 14.1%.

- Source: https://eodhd.com/financial-apis/stock-etfs-fundamental-data-feeds/ (filed 2026-02-19); Ten-year compound average after fade. Initial solved rate 0.15703048677358156. Price 491.23; FX 1; discount 0.1; same standard ten-year fade to terminal 0.03. FY2015 owner earnings/share 4.309042076991942 → FY2025 16.129700138218215. Closing-price date 2026-10-15.

## Monthly share-price history (USD per share)

- 2016-10: $185.38 per share

- 2016-11: $219.45 per share

- 2016-12: $221.53 per share

- 2017-01: $229.60 per share

- 2017-02: $215.95 per share

- 2017-03: $218.25 per share

- 2017-04: $220.19 per share

- 2017-05: $224.10 per share

- 2017-06: $222.58 per share

- 2017-07: $226.43 per share

- 2017-08: $211.99 per share

- 2017-09: $206.23 per share

- 2017-10: $216.85 per share

- 2017-11: $208.39 per share

- 2017-12: $221.04 per share

- 2018-01: $228.17 per share

- 2018-02: $203.93 per share

- 2018-03: $207.30 per share

- 2018-04: $194.77 per share

- 2018-05: $222.87 per share

- 2018-06: $223.33 per share

- 2018-07: $199.42 per share

- 2018-08: $198.72 per share

- 2018-09: $181.95 per share

- 2018-10: $171.28 per share

- 2018-11: $190.69 per share

- 2018-12: $171.87 per share

- 2019-01: $176.68 per share

- 2019-02: $187.80 per share

- 2019-03: $201.18 per share

- 2019-04: $221.90 per share

- 2019-05: $210.50 per share

- 2019-06: $230.11 per share

- 2019-07: $247.75 per share

- 2019-08: $253.77 per share

- 2019-09: $274.10 per share

- 2019-10: $261.91 per share

- 2019-11: $268.40 per share

- 2019-12: $279.64 per share

- 2020-01: $263.80 per share

- 2020-02: $227.53 per share

- 2020-03: $189.23 per share

- 2020-04: $190.23 per share

- 2020-05: $192.09 per share

- 2020-06: $206.57 per share

- 2020-07: $207.18 per share

- 2020-08: $202.87 per share

- 2020-09: $235.36 per share

- 2020-10: $266.35 per share

- 2020-11: $265.63 per share

- 2020-12: $283.97 per share

- 2021-01: $287.41 per share

- 2021-02: $336.87 per share

- 2021-03: $335.82 per share

- 2021-04: $353.12 per share

- 2021-05: $363.65 per share

- 2021-06: $351.81 per share

- 2021-07: $363.30 per share

- 2021-08: $381.25 per share

- 2021-09: $341.68 per share

- 2021-10: $392.84 per share

- 2021-11: $403.51 per share

- 2021-12: $440.52 per share

- 2022-01: $389.12 per share

- 2022-02: $379.40 per share

- 2022-03: $384.89 per share

- 2022-04: $354.22 per share

- 2022-05: $339.38 per share

- 2022-06: $299.24 per share

- 2022-07: $352.08 per share

- 2022-08: $347.71 per share

- 2022-09: $322.09 per share

- 2022-10: $335.98 per share

- 2022-11: $366.48 per share

- 2022-12: $337.97 per share

- 2023-01: $359.64 per share

- 2023-02: $359.87 per share

- 2023-03: $355.06 per share

- 2023-04: $363.20 per share

- 2023-05: $398.04 per share

- 2023-06: $461.69 per share

- 2023-07: $446.46 per share

- 2023-08: $446.41 per share

- 2023-09: $410.48 per share

- 2023-10: $408.94 per share

- 2023-11: $464.59 per share

- 2023-12: $498.91 per share

- 2024-01: $508.42 per share

- 2024-02: $577.71 per share

- 2024-03: $613.94 per share

- 2024-04: $587.07 per share

- 2024-05: $572.08 per share

- 2024-06: $541.80 per share

- 2024-07: $593.35 per share

- 2024-08: $534.16 per share

- 2024-09: $538.25 per share

- 2024-10: $592.34 per share

- 2024-11: $600.00 per share

- 2024-12: $516.50 per share

- 2025-01: $544.12 per share

- 2025-02: $483.14 per share

- 2025-03: $478.13 per share

- 2025-04: $523.98 per share

- 2025-05: $547.55 per share

- 2025-06: $548.96 per share

- 2025-07: $574.88 per share

- 2025-08: $616.40 per share

- 2025-09: $630.28 per share

- 2025-10: $613.10 per share

- 2025-11: $623.24 per share

- 2025-12: $622.66 per share

- 2026-01: $651.95 per share

- 2026-02: $676.57 per share

- 2026-03: $588.68 per share

- 2026-04: $619.07 per share

- 2026-05: $581.64 per share

- 2026-06: $576.70 per share

- 2026-07: $525.14 per share

- 2026-08: $518.70 per share

- 2026-09: $479.81 per share

- 2026-10: $472.40 per share

## Annual estimated value (USD per share)

- FY2016: low $44.95 per share, central $52.87 per share, high $61.51 per share

- FY2017: low $79.35 per share, central $89.50 per share, high $100.59 per share

- FY2018: low $85.69 per share, central $102.90 per share, high $119.85 per share

- FY2019: low $104.70 per share, central $136.39 per share, high $159.51 per share

- FY2020: low $125.47 per share, central $165.60 per share, high $193.53 per share

- FY2021: low $150.46 per share, central $200.68 per share, high $234.61 per share

- FY2022: low $172.01 per share, central $228.37 per share, high $266.76 per share

- FY2023: low $219.80 per share, central $290.10 per share, high $336.73 per share

- FY2024: low $231.58 per share, central $310.57 per share, high $362.41 per share

- FY2025: low $207.93 per share, central $281.19 per share, high $329.46 per share

Historical values use today's bond yield for every fiscal year

Historical values use today's FX rate into trading currency for every fiscal year

Historical values use current restated fundamentals and current commodity classification; they are not point-in-time estimates

Prior published observations retained from 2026-10-15T06:36:00.959Z where newer inputs omit a numeric field or fiscal period.

## Sources

[Original 10-K filing](https://www.sec.gov/Archives/edgar/data/916076/000119312526059193/mlm-20251231.htm); period 2025-12-31, filed 2026-02-19.

Estimates depend on assumptions and are not guarantees or investment advice. Underlying data remains subject to its source licenses; public reading does not grant bulk redistribution rights.

## Reported holder observations

- [Thomas Russo](https://gigainvestors.com/GR): 705,367 MLM shares; USD 406,785,000 reported position value; 4.56% of portfolio; reduce; quarter 2026 Q2.
- [Wallace Weitz](https://gigainvestors.com/WIM): 47,370 MLM shares; USD 27,318,000 reported position value; 1.89% of portfolio; add; quarter 2026 Q2.
- [Chris Hohn](https://gigainvestors.com/tci): 1,315,109 MLM shares; USD 758,423,000 reported position value; 1.44% of portfolio; new; quarter 2026 Q2.

# MLM — Martin Marietta

Held by 3 investors · USD 1,192,526,000 total · 2026 Q2 · reported price USD 576.70 (split-adjusted).
Page: https://gigainvestors.com/s/MLM

## Holders (2026 Q2)

| Investor | Value | % of their portfolio | This quarter |
|---|---:|---:|---|
| Chris Hohn (https://gigainvestors.com/tci) | USD 758,423,000 | 1.4% | new |
| Thomas Russo (https://gigainvestors.com/GR) | USD 406,785,000 | 4.6% | reduce -1.4% |
| Wallace Weitz (https://gigainvestors.com/WIM) | USD 27,318,000 | 1.9% | add +19.09% |

## Total held by quarter

- 2008 Q1: USD 26,542,500 · 1 holder · USD 106.17
- 2008 Q2: USD 25,897,500 · 1 holder · USD 103.59
- 2008 Q3: USD 27,995,000 · 1 holder · USD 111.98
- 2008 Q4: USD 174,603,234 · 1 holder · USD 97.08
- 2009 Q1: USD 137,208,825 · 1 holder · USD 79.30
- 2009 Q2: USD 137,284,882 · 1 holder · USD 78.88
- 2009 Q3: USD 155,878,745 · 1 holder · USD 92.07
- 2009 Q4: USD 150,442,607 · 1 holder · USD 89.41
- 2010 Q1: USD 141,590,932 · 1 holder · USD 83.55
- 2010 Q2: USD 127,914,343 · 1 holder · USD 84.81
- 2010 Q3: USD 111,857,037 · 1 holder · USD 76.97
- 2010 Q4: USD 138,760,875 · 1 holder · USD 92.24
- 2011 Q1: USD 137,748,543 · 1 holder · USD 89.67
- 2011 Q2: USD 123,621,305 · 1 holder · USD 79.97
- 2011 Q3: USD 99,238,647 · 1 holder · USD 63.22
- 2011 Q4: USD 119,246,663 · 1 holder · USD 75.41
- 2012 Q1: USD 135,939,423 · 1 holder · USD 85.63
- 2012 Q2: USD 128,623,678 · 1 holder · USD 78.82
- 2012 Q3: USD 137,226,173 · 1 holder · USD 82.87
- 2012 Q4: USD 156,892,291 · 1 holder · USD 94.28
- 2013 Q1: USD 173,900,844 · 1 holder · USD 102.02
- 2013 Q2: USD 171,005,242 · 1 holder · USD 98.42
- 2013 Q3: USD 175,337,510 · 1 holder · USD 98.17
- 2013 Q4: USD 193,040,306 · 1 holder · USD 99.94
- 2014 Q1: USD 255,750,467 · 1 holder · USD 128.35
- 2014 Q2: USD 260,457,005 · 1 holder · USD 132.05
- 2014 Q3: USD 254,735,024 · 1 holder · USD 128.94
- 2014 Q4: USD 225,926,314 · 1 holder · USD 110.32
- 2015 Q1: USD 290,585,903 · 1 holder · USD 139.80
- 2015 Q2: USD 296,662,696 · 1 holder · USD 141.51
- 2015 Q3: USD 314,616,578 · 1 holder · USD 151.95
- 2015 Q4: USD 287,155,762 · 1 holder · USD 136.58
- 2016 Q1: USD 335,552,095 · 1 holder · USD 159.51
- 2016 Q2: USD 400,427,136 · 1 holder · USD 192.00
- 2016 Q3: USD 370,638,771 · 1 holder · USD 179.11
- 2016 Q4: USD 401,930,519 · 1 holder · USD 221.53
- 2017 Q1: USD 388,413,414 · 1 holder · USD 218.25
- 2017 Q2: USD 393,065,819 · 1 holder · USD 222.58
- 2017 Q3: USD 419,502,961 · 1 holder · USD 206.23
- 2017 Q4: USD 444,678,767 · 1 holder · USD 221.04
- 2018 Q1: USD 417,833,465 · 1 holder · USD 207.30
- 2018 Q2: USD 444,692,016 · 1 holder · USD 223.33
- 2018 Q3: USD 361,585,596 · 1 holder · USD 181.95
- 2018 Q4: USD 334,276,322 · 1 holder · USD 171.87
- 2019 Q1: USD 816,362,689 · 2 holders · USD 201.18
- 2019 Q2: USD 906,682,874 · 2 holders · USD 230.11
- 2019 Q3: USD 951,853,365 · 2 holders · USD 274.10
- 2019 Q4: USD 818,872,609 · 2 holders · USD 279.64
- 2020 Q1: USD 312,194,682 · 1 holder · USD 189.23
- 2020 Q2: USD 323,062,260 · 1 holder · USD 206.57
- 2020 Q3: USD 569,909,648 · 2 holders · USD 235.36
- 2020 Q4: USD 502,352,301 · 2 holders · USD 283.97
- 2021 Q1: USD 487,214,708 · 2 holders · USD 335.82
- 2021 Q2: USD 434,758,003 · 1 holder · USD 351.81
- 2021 Q3: USD 407,384,039 · 1 holder · USD 341.68
- 2021 Q4: USD 514,826,033 · 1 holder · USD 440.52
- 2022 Q1: USD 420,673,608 · 1 holder · USD 384.89
- 2022 Q2: USD 323,127,431 · 1 holder · USD 299.24
- 2022 Q3: USD 343,922,226 · 1 holder · USD 322.09
- 2022 Q4: USD 341,485,902 · 1 holder · USD 337.97
- 2023 Q1: USD 379,164,313 · 2 holders · USD 355.06
- 2023 Q2: USD 479,982,158 · 2 holders · USD 461.69
- 2023 Q3: USD 419,002,796 · 2 holders · USD 410.48
- 2023 Q4: USD 493,854,551 · 2 holders · USD 498.91
- 2024 Q1: USD 508,437,481 · 2 holders · USD 613.94
- 2024 Q2: USD 436,005,288 · 2 holders · USD 541.81
- 2024 Q3: USD 535,784,947 · 3 holders · USD 538.25
- 2024 Q4: USD 428,676,086 · 3 holders · USD 516.51
- 2025 Q1: USD 440,293,183 · 3 holders · USD 478.13
- 2025 Q2: USD 413,945,071 · 2 holders · USD 548.96
- 2025 Q3: USD 459,355,627 · 2 holders · USD 630.28
- 2025 Q4: USD 478,132,107 · 2 holders · USD 622.66
- 2026 Q1: USD 444,563,292 · 2 holders · USD 588.69
- 2026 Q2: USD 1,192,526,000 · 3 holders · USD 576.70