USLM
United States Lime & Minerals, Inc.
USLM's fundamentals are mixed: it turned 26% of its revenue into free cash flow, while its operating margin held steady at 41%. At 25x earnings, it's trading above its usual 22x. Analysts expect earnings growth.
USLM Fundamentals
| Metric | Status |
|---|---|
| Stable | |
| Strong | |
| Healthy | |
| Strong |
USLM's profitability, cash flow and balance sheet are currently healthy, and its revenue is stable.
USLM PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Cheap | 18x | $83.56 | -27% |
| Forward | 19x | $114 | — |
| Fair | 22x | $103 | -10% |
| Current | 25x | $114 | — |
| Expensive | 27x | $125 | +9.8% |
Historical ranges are pointers, not guarantees.
USLM's PE is in its expensive range at 25x. If earnings grow as analysts expect, today's price would be 19x next year's earnings, in its cheap range.
USLM Forward outlook
| Metric | Outlook |
|---|---|
| Strongly improving | |
| Growth | |
| Growth | |
| Improving | |
| Limited | |
| High |
Analysts expect earnings and revenue growth for USLM, with profitability improving.
USLM Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $6.02 | +30% |
| Q3 2026 | $4.64 | +2% |
| Q2 2026 | $4.67 | +7.1% |
| Q1 2026 | $4.54 | +8.1% |
| Q4 2025 | $4.67 | +23% |
| Q3 2025 | $4.55 | +32% |
| Q2 2025 | $4.36 | +44% |
| Q1 2025 | $4.20 | +50% |
| Q4 2024 | $3.79 | +45% |
USLM's earnings per share have climbed steadily: $4.64 over the past year, up 2% from the year before, and higher year over year every quarter since late 2020.
USLM Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $106.2M | +4.1% |
| Q2 2026 | $99.1M | +8.3% |
| Q1 2026 | $87.8M | -3.7% |
| Q4 2025 | $87.9M | +9.8% |
| Q3 2025 | $102M | +14% |
| Q2 2025 | $91.5M | +20% |
| Q1 2025 | $91.3M | +27% |
| Q4 2024 | $80.1M | +22% |
USLM's revenue is growing: $106M last quarter, up 4.1% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 42% | -3.3 points |
| Q2 2026 | 41% | +2 points |
| Q1 2026 | 41% | -3 points |
| Q4 2025 | 41% | +2.1 points |
| Q3 2025 | 45% | +2.7 points |
| Q2 2025 | 39% | -0.1 points |
| Q1 2025 | 44% | +7.8 points |
| Q4 2024 | 39% | +9.9 points |
USLM's operating margin was 42% last quarter, down 3.3 points from the same quarter a year ago.
USLM Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $38.2M | +22% |
| Q2 2026 | $21.2M | +1.9% |
| Q1 2026 | $13.7M | -44% |
| Q4 2025 | $25.7M | -6.9% |
| Q3 2025 | $31.3M | -7.7% |
| Q2 2025 | $20.8M | +24% |
| Q1 2025 | $24.6M | +21% |
| Q4 2024 | $27.6M | +99% |
USLM's free cash flow has been positive every quarter for seven years: $99M over the past year, down 5.2% from the year before.
USLM Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | 0% | +2K shares |
| 1 year | +0.1% | +40K shares |
| 3 years | +0.8% | +218K shares |
| 5 years | +1.5% | +423K shares |
| Available history | +2.4% | +672K shares |
USLM has 29M diluted shares, about the same as a year ago.
| Quarter | Spent |
|---|---|
| Q3 2026 | — |
| Q2 2026 | — |
| Q1 2026 | $370,000 |
| Q4 2025 | $2.3M |
| Q3 2025 | — |
| Q2 2025 | — |
| Q1 2025 | $424,000 |
| Q4 2024 | $3.3M |
USLM has spent almost nothing on buybacks in the past year.
USLM Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | -2.4x | Net Cash |
| Q2 2026 | -2.2x | Net Cash |
| Q1 2026 | -2.1x | Net Cash |
| Q4 2025 | -2.0x | Net Cash |
| Q3 2025 | -2.0x | Net Cash |
| Q2 2025 | -1.9x | Net Cash |
| Q1 2025 | -1.8x | Net Cash |
| Q4 2024 | -1.9x | Net Cash |
USLM has more cash than debt.
USLM Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 50.6 | Neutral |
| Stochastic | 51.6 | Neutral |
USLM's weekly RSI is 51 (neutral) and its Stochastic is 52 (neutral).
USLM PE vs Basic Materials Sector
| Metric | USLM | Sector median | Relative |
|---|---|---|---|
| PE | 25x | 19x | 32% above |
| PE % | 67 | 40 | 27 pts above |
USLM is trading at 25x earnings, a 32% premium to the Basic Materials sector's median of 19x.
USLM Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $111.6 | 2.4% above |
| 20 week MA | $112.6 | 1.5% above |
| 50 week MA | $116.6 | 2% below |
| 100 week MA | $113.3 | 0.9% above |
| 200 week MA | $86.1 | 33% above |
USLM's trend is mixed: it's above four of its five weekly moving averages, and 33% above its 200-week average.
USLM Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $18.3 | $22.8 | +25% |
| 2021 | $22.8 | $25.9 | +14% |
| 2022 | $25.9 | $27.4 | +5.9% |
| 2023 | $27.4 | $46.1 | +68% |
| 2024 | $46.1 | $135.6 | +194% |
| 2025 | $135.6 | $126.7 | -6.5% |
| 2026 YTD | $126.7 | $114.3 | -9.8% |
USLM has finished higher in five of the last six years, two of them by more than 50%. It's down 9.8% so far in 2026.