United States Lime & Minerals (USLM) financial statements
United States Lime & Minerals reported revenue of $373M in fiscal 2025, up 11.6% a year over 9 years.
Net income was $134M and the operating margin 42.4%, against 16.9% in 2016.
Free cash flow was $102M, and the company returned $7M in dividends and $3M in net buybacks.
The diluted share count rose 3% over the period (dilution).
Revenue and free cash flow
Fiscal years, $ billions.
Income statement
Fiscal years, from United States Lime & Minerals's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $139M | $145M | $144M | $158M | $161M | $189M | $236M | $281M | $318M | $373M |
| Cost of revenue | $106M | $110M | $114M | $117M | $113M | $130M | $166M | $178M | $174M | $190M |
| Gross profit | $33M | $34M | $30M | $42M | $48M | $59M | $70M | $103M | $144M | $182M |
| Selling, general and admin | $10M | $10M | $10M | $12M | $12M | $13M | $16M | $17M | $19M | $25M |
| Operating income | $23M | $24M | $20M | $29M | $34M | $46M | $55M | $85M | $125M | $158M |
| Interest expense | $246,000 | $241,000 | $243,000 | $244,000 | $248,000 | $250,000 | $254,000 | — | — | — |
| Pre-tax income | $24M | $25M | $22M | $31M | $34M | $47M | $57M | $93M | $136M | $171M |
| Income tax | $6M | -$2M | $2M | $5M | $6M | $9M | $11M | $19M | $28M | $37M |
| Net income | $18M | $27M | $20M | $26M | $28M | $37M | $45M | $75M | $109M | $134M |
| EPS (diluted) | $0.64 | $0.97 | $0.70 | $0.93 | $1.00 | $1.31 | $1.60 | $2.61 | $3.79 | $4.67 |
| Diluted shares | 28M | 28M | 28M | 28M | 28M | 28M | 28M | 29M | 29M | 29M |
| Gross margin | 23.8% | 23.7% | 21.1% | 26.3% | 29.6% | 31.3% | 29.8% | 36.6% | 45.3% | 48.9% |
| Operating margin | 16.9% | 16.7% | 13.8% | 18.5% | 21.1% | 24.5% | 23.2% | 30.4% | 39.3% | 42.4% |
| Net margin | 12.7% | 18.7% | 13.6% | 16.5% | 17.6% | 19.6% | 19.2% | 26.5% | 34.3% | 36.0% |
Balance sheet
Fiscal years, from United States Lime & Minerals's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and short-term investments | $75M | $85M | $67M | $54M | $84M | $105M | $133M | $188M | $278M | $371M |
| Receivables | $17M | $16M | $20M | $23M | $23M | $27M | $34M | $38M | $44M | $48M |
| Inventory | $12M | $14M | $13M | $13M | $15M | $15M | $20M | $24M | $28M | $31M |
| Total current assets | $105M | $118M | $101M | $93M | $124M | $150M | $190M | $255M | $355M | $455M |
| Property, plant and equipment | $105M | $110M | $143M | $151M | $152M | $162M | $172M | $180M | $183M | $221M |
| Total assets | $210M | $228M | $245M | $247M | $279M | $316M | $368M | $441M | $543M | $681M |
| Total current liabilities | $9M | $9M | $8M | $9M | $12M | $11M | $16M | $17M | $17M | $24M |
| Total liabilities | $31M | $23M | $22M | $30M | $36M | $38M | $47M | $47M | $45M | $50M |
| Shareholders' equity | $180M | $205M | $223M | $217M | $243M | $278M | $321M | $393M | $498M | $631M |
| Net debt | -$75M | -$85M | -$67M | -$54M | -$84M | -$105M | -$133M | -$188M | -$278M | -$371M |
Cash flow
Fiscal years, from United States Lime & Minerals's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $38M | $34M | $39M | $47M | $59M | $56M | $64M | $92M | $126M | $165M |
| Capital spending | $18M | $21M | $54M | $27M | $17M | $30M | $27M | $34M | $27M | $63M |
| Free cash flow | $20M | $13M | -$15M | $20M | $41M | $26M | $38M | $58M | $99M | $102M |
| Stock-based compensation | $1M | $1M | $1M | $2M | $2M | $2M | $3M | $3M | $5M | $8M |
| Dividends paid | $3M | $3M | $3M | $33M | $4M | $4M | $5M | $5M | $6M | $7M |
| Share buybacks (net) | -$3M | -$309,000 | -$411,000 | -$444,000 | -$557,000 | -$731,000 | -$767,000 | -$1M | -$4M | -$3M |
| Free cash flow margin | 14.5% | 8.9% | -10.4% | 12.6% | 25.8% | 13.6% | 15.9% | 20.6% | 31.0% | 27.4% |
| Dividends per share | $0.10 | $0.11 | $0.11 | $1.18 | $0.13 | $0.13 | $0.16 | $0.16 | $0.20 | $0.24 |
Questions
What was United States Lime & Minerals's revenue in 2025?
$373M in fiscal 2025, from its 10-K filing.
How much free cash flow does United States Lime & Minerals generate?
$102M in fiscal 2025 (operating cash flow minus capital spending).
From United States Lime & Minerals's annual reports filed with the SEC (XBRL data), standardised by Investingly. Information only, not investment advice.