TPC vs. MLM

Last updated Jun 3, 2026

TPC (Tutor Perini Corporation) and MLM (Martin Marietta Materials, Inc.) are both stocks. TPC operates in Engineering & Construction (Industrials), while MLM operates in Building Materials (Basic Materials). Over the past 10 years, TPC returned 12.58%/yr vs 12.77%/yr for MLM. At a 0.32 correlation, their price movements are largely independent.

Performance

TPC vs. MLM - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Tutor Perini Corporation (TPC) and Martin Marietta Materials, Inc. (MLM). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, TPC achieves a 11.03% return, which is significantly higher than MLM's -7.10% return. Both investments have delivered pretty close results over the past 10 years, with TPC having a 12.58% annualized return and MLM not far ahead at 12.77%.

TPC

• 1D: 0.04%
• 1M: -20.64%
• YTD: 11.03%
• 6M: 12.04%
• 1Y: 96.87%
• 3Y*: 127.68%
• 5Y*: 36.32%
• 10Y*: 12.58%

MLM

• 1D: 1.05%
• 1M: -5.98%
• YTD: -7.10%
• 6M: -4.86%
• 1Y: 7.09%
• 3Y*: 12.24%
• 5Y*: 10.59%
• 10Y*: 12.77%

*Multi-year figures are annualized to reflect compound growth (CAGR)

TPC vs. MLM - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
TPC Tutor Perini Corporation	11.03%	177.18%	165.93%	20.53%	-38.97%	-4.48%	0.70%	-19.47%	-37.00%	-9.46%
MLM Martin Marietta Materials, Inc.	-7.10%	21.25%	4.08%	48.62%	-22.73%	56.11%	2.57%	64.18%	-21.55%	0.57%

Correlation

The correlation between TPC and MLM is 0.39, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.39
Correlation (3Y) Calculated over the trailing 3-year period	0.35
Correlation (5Y) Calculated over the trailing 5-year period	0.40
Correlation (10Y) Calculated over the trailing 10-year period	0.38
Correlation (All Time) Calculated using the full available price history since Feb 18, 1994	0.32

Fundamentals

Market Cap TPC : $3.99B MLM : $34.85B
EPS TPC : $2.35 MLM : $18.20
PE Ratio TPC : 31.62 MLM : 31.69
PS Ratio TPC : 0.70 MLM : 5.32
PB Ratio TPC : 3.29 MLM : 3.08
Total Revenue (TTM) TPC : $5.69B MLM : $6.55B
Gross Profit (TTM) TPC : $667.75M MLM : $1.94B
EBITDA (TTM) TPC : $285.88M MLM : $1.96B

Return for Risk

TPC vs. MLM — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

TPC

TPC Risk / Return Rank: 86
TPC Sharpe Ratio Rank: 88
TPC Sortino Ratio Rank: 82
TPC Omega Ratio Rank: 85
TPC Calmar Ratio Rank: 87
TPC Martin Ratio Rank: 89

MLM

MLM Risk / Return Rank: 46
MLM Sharpe Ratio Rank: 51
MLM Sortino Ratio Rank: 43
MLM Omega Ratio Rank: 42
MLM Calmar Ratio Rank: 46
MLM Martin Ratio Rank: 48

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

TPC vs. MLM - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Tutor Perini Corporation (TPC) and Martin Marietta Materials, Inc. (MLM). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

	TPC	MLM	Difference
Sharpe ratio Return per unit of total volatility	2.10	0.29	+1.81
Sortino ratio Return per unit of downside risk	2.49	0.56	+1.93
Omega ratio Gain probability vs. loss probability	1.37	1.07	+0.30
Calmar ratio Return relative to maximum drawdown	3.85	0.25	+3.60
Martin ratio Return relative to average drawdown	11.24	0.68	+10.56
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

TPC vs. MLM - Sharpe Ratio Comparison

The current TPC Sharpe Ratio is 2.10, which is higher than the MLM Sharpe Ratio of 0.29. The chart below compares the historical Sharpe Ratios of TPC and MLM, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	TPC	MLM	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.10	0.29	+1.81
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.66	0.40	+0.26
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.19	0.42	-0.22
Sharpe Ratio (All Time) Calculated using the full available price history	0.13	0.36	-0.23

Drawdowns

TPC vs. MLM - Drawdown Comparison

The maximum TPC drawdown since its inception was -95.89%, which is greater than MLM's maximum drawdown of -63.73%. Use the drawdown chart below to compare losses from any high point for TPC and MLM.

Drawdown Indicators

	TPC	MLM	Difference
Max Drawdown Largest peak-to-trough decline	-95.89%	-63.73%	-32.16%
Max Drawdown (1Y) Largest decline over 1 year	-26.48%	-24.69%	-1.79%
Max Drawdown (3Y) Largest decline over 3 years	-40.94%	-26.78%	-14.16%
Max Drawdown (5Y) Largest decline over 5 years	-67.79%	-32.75%	-35.04%
Max Drawdown (10Y) Largest decline over 10 years	-91.02%	-48.34%	-42.68%
Current Drawdown Current decline from peak	-23.60%	-18.31%	-5.29%
Average Drawdown Average peak-to-trough decline	-51.98%	-21.46%	-30.52%
Ulcer Index Depth and duration of drawdowns from previous peaks	9.07%	8.88%	+0.19%

Volatility

TPC vs. MLM - Volatility Comparison

Tutor Perini Corporation (TPC) has a higher volatility of 20.43% compared to Martin Marietta Materials, Inc. (MLM) at 8.95%. This indicates that TPC's price experiences larger fluctuations and is considered to be riskier than MLM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	TPC	MLM	Difference
Volatility (1M) Calculated over the trailing 1-month period	20.43%	8.95%	+11.48%
Volatility (6M) Calculated over the trailing 6-month period	37.36%	20.33%	+17.03%
Volatility (1Y) Calculated over the trailing 1-year period	46.39%	24.57%	+21.82%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	55.28%	26.55%	+28.73%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	65.08%	30.75%	+34.33%

Dividends

TPC vs. MLM - Dividend Comparison

TPC's dividend yield for the trailing twelve months is around 0.24%, less than MLM's 0.58% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
MLM Martin Marietta Materials, Inc.	0.58%	0.52%	0.59%	0.56%	0.75%	0.54%	0.79%	0.74%	1.07%	0.78%	0.74%	1.17%
TPC Tutor Perini Corporation	0.24%	0.09%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Financials

TPC vs. MLM - Profitability Comparison

The chart below illustrates the profitability comparison between Tutor Perini Corporation and Martin Marietta Materials, Inc. over time, highlighting three key metrics: Gross Profit Margin, Operating Margin, and Net Profit Margin.

TPC - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Tutor Perini Corporation reported a gross profit of 154.63M and revenue of 1.39B. Therefore, the gross margin over that period was 11.1%.

MLM - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Martin Marietta Materials, Inc. reported a gross profit of 310.00M and revenue of 1.36B. Therefore, the gross margin over that period was 22.8%.

TPC - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Tutor Perini Corporation reported an operating income of 59.18M and revenue of 1.39B, resulting in an operating margin of 4.3%.

MLM - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Martin Marietta Materials, Inc. reported an operating income of 162.00M and revenue of 1.36B, resulting in an operating margin of 11.9%.

TPC - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Tutor Perini Corporation reported a net income of 73.49M and revenue of 1.39B, resulting in a net margin of 5.3%.

MLM - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Martin Marietta Materials, Inc. reported a net income of 79.00M and revenue of 1.36B, resulting in a net margin of 5.8%.

Frequently Asked Questions

Can I hold both TPC and MLM in my portfolio?

TPC and MLM have a correlation of 0.39, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, TPC or MLM?

TPC has higher volatility (20.43%) compared to MLM (8.95%). In terms of maximum drawdown, TPC dropped -95.89% vs MLM's -63.73%.

Which has better risk-adjusted returns?

TPC currently has the higher Sharpe Ratio (2.10 vs 0.29), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.