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Sankey diagram of Vulcan Materials Company. A complete text table follows the diagram.
Stone is so heavy relative to its price that transportation can cost more than the material, turning permitted reserves near growing cities into local franchises.
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The diagram shows segment sales before intersegment eliminations to expose Vulcan's downstream use of its own aggregates. Intersegment sales are not external revenue. Gross profit and cost of revenue are reported GAAP amounts.
Labels and narrative explain the filing. A category marked “arithmetic bridge” or “residual” is calculated from reported totals, rather than a separately reported line.
| Category | Stage | Value | Notes |
|---|---|---|---|
| Crushed stone, sand & gravel | 1 | $1.5B | 50.0M tons shipped |
| Asphalt mix | 1 | $216M | About 95% aggregates by weight |
| Ready-mixed concrete | 1 | $188M | About 80% aggregates by weight |
| Quarry-to-construction activity | 2 | $1.9B | External demand plus internal stone |
| Consolidated revenue | 3 | $1.8B | Construction customers and delivery |
| Stone used downstream | 3 | $97.9M | Intersegment aggregates eliminated |
| Gross profit | 4 | $423M | 24.1% gross margin |
| Extraction, production & delivery | 4 | $1.3B | Quarries, plants, labor and freight |
| From | To | Value |
|---|---|---|
| Crushed stone, sand & gravel | Quarry-to-construction activity | $1.5B |
| Asphalt mix | Quarry-to-construction activity | $216M |
| Ready-mixed concrete | Quarry-to-construction activity | $188M |
| Quarry-to-construction activity | Consolidated revenue | $1.8B |
| Quarry-to-construction activity | Stone used downstream | $97.9M |
| Consolidated revenue | Gross profit | $423M |
| Consolidated revenue | Extraction, production & delivery | $1.3B |