Summit Materials

Summit Materials

Summit Materials was formed to acquire, grow heavy-side building materials companies in aggregates, ready-mix concrete, cement, asphalt paving & construction.. Learn more

Launch date
Employees
Market cap
AUD10.2b
Enterprise valuation
AUD13.8b (Public information from Sep 2024)
Denver Colorado (HQ)

Financials

Estimates*

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Revenues, earnings & profits over time
USD2020202120222023202420252026
Revenues2.3b2.4b2.4b2.6b4.1b4.4b4.6b
% growth5 %3 %-9 %57 %8 %3 %
EBITDA453m500m478m739m988m1.1b1.2b
% EBITDA margin19 %21 %20 %28 %24 %25 %26 %
Profit138m152m272m286m252m380m466m
% profit margin6 %6 %11 %11 %6 %9 %10 %
EV / revenue1.6x2.5x1.8x2.5x2.2x2.0x1.9x
EV / EBITDA8.2x11.9x9.1x8.8x9.2x7.8x7.1x
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DateInvestorsAmountRound
-

N/A

-
N/A

$3.6m

Early VC
N/A

N/A

IPO
N/A

$577m

Post IPO Equity
N/A

$250m

Post IPO Debt
N/A

$367m

POST IPO SECONDARY
N/A

$241m

Post IPO Equity
N/A

$300m

Post IPO Debt
*
N/A

$700m

Post IPO Debt
*
N/A

$800m

Post IPO Debt
Total FundingAUD5.6m

Recent News about Summit Materials

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More about Summit Materialsinfo icon
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Summit Materials, Inc. is a leading vertically integrated construction materials company headquartered in Denver, Colorado. The company specializes in producing aggregates and cement, which are essential components for construction projects. Summit Materials serves a diverse range of clients, including construction companies, infrastructure developers, and government agencies. Operating primarily in the North American market, the company leverages its extensive network of quarries, plants, and distribution facilities to deliver high-quality materials efficiently.

Summit Materials operates on a vertically integrated business model, meaning it controls multiple stages of its supply chain—from raw material extraction to production and distribution. This integration allows the company to maintain high standards of quality and cost-effectiveness. Revenue is generated through the sale of construction materials, including aggregates, cement, and ready-mix concrete, as well as through various value-added services.

The company is committed to sustainability and innovation, continually seeking opportunities to develop environmentally friendly practices and solutions. Summit Materials aims to support its clients and suppliers by providing a collaborative system that enhances strategic goals through a one-stop-shop marketplace.

Keywords: aggregates, cement, construction materials, vertically integrated, sustainability, innovation, North America, infrastructure, ready-mix concrete, supply chain.

Tech stack

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Tech stackLearn more about the technologies and tools that this company uses.

Investments by Summit Materials

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Razorback Concrete
ACQUISITION by Summit Materials Jan 2017
American Materials Company
ACQUISITION by Summit Materials Feb 2016
Sierra Ready Mix
ACQUISITION by Summit Materials May 2016
Boxley Materials Company
ACQUISITION by Summit Materials Feb 2016
Everist Materials
ACQUISITION by Summit Materials Jan 2017
Westroc
ACQUISITION by Summit Materials Apr 2013
Argos USA
ACQUISITION by Summit Materials Sep 2023