showing the working

← United States Lime & Minerals

The business behind the dividend

MeasureUSLMMedianFormula
Return on equity21.3%10.6%Net income ÷ shareholders’ equity
Return on capital employed25.0%10.0%Operating income ÷ (equity + total debt)
Owner earnings$96.80m$120.90mNet income + depreciation & amortisation − capital expenditure
Free cash flow$102.27m$155.08mOperating cash flow − capital expenditure
Operating margin42.4%14.3%Operating income ÷ revenue
Net margin36.0%10.1%Net income ÷ revenue
Debt to equity0.00x0.73xTotal debt ÷ shareholders’ equity
Interest coverOperating income ÷ interest expense
Current ratio19.27x1.55xCurrent assets ÷ current liabilities
Long-term debt to working capital0.00x1.88xLong-term debt ÷ (current assets − current liabilities)
Cash conversion1.23x1.66xOperating cash flow ÷ net income
Accruals-4.5%-3.1%(Net income − operating cash flow) ÷ total assets

Ten years of it

The same measures, for every year the filings support. One year is a fact; a row is a business.

Measure2025202420232022202120202019201820172016Median
Return on equity21.3%21.9%19.0%14.1%13.3%11.6%12.0%8.8%13.2%9.9%13.2%
Return on capital employed25.0%25.1%21.7%17.1%16.7%13.9%13.5%9.0%11.8%13.1%13.9%
Operating margin42.4%39.3%30.4%23.2%24.5%21.1%18.5%13.8%16.7%16.9%21.1%
Net margin36.0%34.3%26.5%19.2%19.6%17.6%16.5%13.6%18.7%12.7%18.7%
Debt to equity0.00x0.00x0.00x0.00x0.00x0.00x0.00x0.00x0.00x0.00x0.00x
Current ratio19.27x20.92x14.58x12.23x13.45x10.70x9.80x12.73x12.61x11.53x12.61x
Cash conversion1.23x1.16x1.24x1.42x1.50x2.08x1.80x1.97x1.26x2.13x1.42x

How it compares in materials

Among the 79 materials companies here measured on free cash flow, United States Lime & Minerals pays out less than 75 of them. The median for that group is 34.3%, against this company’s 6.7%.

Closest on free cash flow

Same sector and same denominator, so the figures are comparable. All 107 in materials →