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Company

UNITED STATES LIME & MINERALS INC

Ticker
USLM
Sector
Industry
Report date
October 30, 2026
Valye AI Score

96

Very high visibility
Recent developments
Recent developments summary

Recent news highlights include a reported drop in Q3 2026 income, prior quarterly income advances, revenue growth announcements, and multiple dividend reminders.

Recent developments:
  • United States Lime & Minerals reported a drop in Q3 income in October 2026 [N1].
  • The company entered oversold territory in February 2026, indicating market valuation pressures [N2].
  • In October 2025, the company reported advances in Q3 income [N3].
  • Dividend reminders were issued in August 2025 and May 2025, reflecting ongoing shareholder distributions [N4][N6].
  • The company reported a 20% increase in Q2 2025 results [N5].
  • A 27.3% increase in Q1 2025 revenues was announced along with a quarterly dividend [N8].
Overview

United States Lime & Minerals Inc operates primarily in the lime and limestone sector within the United States. The company’s operations focus on the extraction, processing, and sale of lime and limestone products. It maintains significant property, plant, and equipment assets, with net PP&E of approximately $250.6 million as of September 30, 2026. The company demonstrates strong liquidity and capital structure, with total assets of $798.4 million and stockholders’ equity of $733.8 million. It is a large accelerated filer and maintains compliance with SEC reporting requirements. The company has a consistent history of dividend payments and stock-based compensation programs. Recent quarterly results show fluctuations in income, with a reported drop in Q3 2026 income following prior advances in 2025.

Executive summary

Financial figures (if any) are summarized from the latest available SEC filings and are provided for informational purposes only — not financial advice. United States Lime & Minerals Inc is a U.S.-based company operating in the lime and limestone industry. The company reported strong liquidity with cash and equivalents of $439.2 million and a current ratio of 22.29 as of September 30, 2026. For the third quarter of 2026, net income was $38.0 million with EPS of $1.33 (basic). Revenues for the first nine months of 2026 were $293.1 million with gross margins near 47.5%. The company has a history of dividend payments and stock-based compensation. Recent news includes a Q3 income drop in 2026 and prior quarterly income advances and revenue growth announcements in 2025.

Scenarios for USLM

Bull case model:

The company’s strong liquidity ratios and substantial asset base support operational resilience. Historical revenue growth and net income advances in prior periods demonstrate capacity for financial performance improvements. Consistent dividend payments and stock-based compensation programs indicate shareholder and employee alignment. The company’s large accelerated filer status and compliance with SEC reporting provide transparency and governance.

Bear case model:

Recent news indicates a drop in Q3 2026 income, suggesting potential volatility in earnings. The lime and limestone industry is exposed to commodity price risks and regulatory changes that could affect margins. The company’s reliance on capital-intensive operations may limit flexibility. Fluctuations in quarterly results highlight potential earnings variability. Market conditions and demand for lime products could impact future financial performance.

Moat:

United States Lime & Minerals Inc benefits from its established position in the lime and limestone industry, which involves significant capital investment in extraction and processing facilities. The company’s large asset base and operational scale provide barriers to entry for competitors. Its strong liquidity and capital structure support operational stability. The company’s consistent dividend payments and stock-based compensation may aid in shareholder retention and employee incentives. However, the industry is subject to commodity price fluctuations and regulatory factors that can impact profitability.

Risks overview
Risks summary
The primary risks include commodity price volatility, regulatory changes affecting mining operations, and earnings variability due to market and operational factors.
Risks details:

• Commodity Price Volatility: Fluctuations in lime and limestone prices can impact revenue and profitability.
• Regulatory Risks: Environmental and mining regulations may increase operational costs or restrict activities.
• Earnings Volatility: Quarterly income fluctuations indicate potential variability in financial results.
• Capital Intensity: High capital requirements for extraction and processing limit operational flexibility.

FINAL FORECAST FOR USLM

Final take one line
United States Lime & Minerals Inc exhibits very high visibility with detailed SEC filings and consistent news coverage highlighting its financial performance and operational status.
Final take 12 to 24 month view

Business trends: The company shows historical revenue growth and fluctuating quarterly income, with ongoing dividend payments reflecting shareholder returns.
Execution milestones: Maintaining strong liquidity ratios, compliance with SEC filings, and consistent dividend distributions.
Key risks: Commodity price volatility, regulatory changes impacting mining operations, and earnings variability due to market conditions.

Valye AI Visibility Research Score

Very high visibility

Visibility score reflects the breadth and consistency of available disclosure across SEC filings, recent public reporting, and baseline business context (research-only; not investment advice).

96
LLM visibility overview
LLM Visibility known facts
  • United States Lime & Minerals Inc operates in the lime and limestone industry in the United States.
  • As of September 30, 2026, the company reported cash and cash equivalents of $439.2 million and total current assets of $543.3 million, with current liabilities of $24.4 million, resulting in a strong current ratio of 22.29 and cash ratio of 18.02.
  • The company had net income of $38.0 million for the three months ended September 30, 2026, with basic earnings per share of $1.33 and diluted EPS of $1.32.
  • Revenues for the nine months ended September 30, 2026 were $293.1 million, with gross profit margin around 47.5% and operating profit margin approximately 41.3%.
  • The company has a history of quarterly dividend payments and stock-based compensation programs.
  • Shares outstanding were approximately 28.7 million as of October 28, 2026.
  • Recent news highlights include a drop in Q3 income reported in October 2026, prior advances in Q3 income in 2025, and multiple dividend reminders and revenue growth announcements in 2025.
  • The company is classified as a large accelerated filer and is not a shell company.
  • The company’s total assets were $798.4 million as of September 30, 2026, with stockholders’ equity of $733.8 million.
  • The company’s business segments include lime and limestone operations.
  • The company’s financial disclosures are summarized from the latest SEC filings and provided for informational purposes only.
Sources
Sources - Context summary

Generated 2026-10-30

Sources - Earning calls
Sources - Other context
Sources - SEC Filings
  • S1 | 2026-02-26 | 10-K
  • S2 | 2026-10-30 | 10-Q
Sources - News headlines
  • N1 | 2026-10-30 | www.nasdaq.com | United States Lime & Minerals Q3 Income Drops | https://www.nasdaq.com/articles/united-states-lime-minerals-q3-income-drops
  • N2 | 2026-02-05 | www.nasdaq.com | United States Lime & Minerals Enters Oversold Territory | https://www.nasdaq.com/articles/united-states-lime-minerals-enters-oversold-territory
  • N3 | 2025-10-30 | www.nasdaq.com | United States Lime & Minerals Inc. Q3 Income Advances | https://www.nasdaq.com/articles/united-states-lime-minerals-inc-q3-income-advances
  • N4 | 2025-08-20 | www.nasdaq.com | Ex-Dividend Reminder: United States Lime & Minerals, Scotts Miracle-Gro and TORM | https://www.nasdaq.com/articles/ex-dividend-reminder-united-states-lime-minerals-scotts-miracle-gro-and-torm
  • N5 | 2025-08-01 | www.nasdaq.com | United States Lime (USLM) Q2 Up 20% | https://www.nasdaq.com/articles/united-states-lime-uslm-q2-20
  • N6 | 2025-05-21 | www.nasdaq.com | Ex-Dividend Reminder: International Paper, United States Lime & Minerals and Scotts Miracle-Gro | https://www.nasdaq.com/articles/ex-dividend-reminder-international-paper-united-states-lime-minerals-and-scotts-miracle
  • N7 | 2025-05-01 | www.nasdaq.com | Validea's Top Materials Stocks Based On Martin Zweig - 5/1/2025 | https://www.nasdaq.com/articles/valideas-top-materials-stocks-based-martin-zweig-5-1-2025
  • N8 | 2025-04-30 | www.nasdaq.com | United States Lime & Minerals, Inc. Reports 27.3% Increase in Q1 2025 Revenues and Announces Quarterly Dividend | https://www.nasdaq.com/articles/united-states-lime-minerals-inc-reports-273-increase-q1-2025-revenues-and-announces
Important legal disclaimer

This material is for informational purposes only and does not constitute investment, financial, legal or tax advice, or an offer or solicitation to buy or sell any security. The Valye AI Score is a model-based estimate derived from public information and is subject to change without notice. No representation or warranty, express or implied, is made as to the accuracy, completeness or fairness of the information herein. Past performance is not indicative of future results. Investors should conduct their own research and consult a qualified financial adviser before making any investment decisions.

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