MLM drawdown: 21.0% below the all-time high
Martin Marietta Materials Inc. (MLM) is 21.0% below its all-time high, set Feb 10, 2026 (as of market close, Jul 24, 2026). The chart shows every day as a percentage of the highest level reached up to that point: 100% means a fresh record, everything below is a drawdown. "All-time" means since our price data begins (1994).
- Below all-time high
- −21.0%
- 79.0% of ATH
- All-time high
- $708.1
- Feb 10, 2026
- Time below the high
- 5 mo
- since Feb 10, 2026
- Worst-ever drawdown
- −64.3%
- Nov 20, 2008
- Longest underwater
- 8.1 yrs
- between all-time highs
- Today's level first reached
- Feb 28, 2024
- 2.4 yrs ago
- Last time this deep
- Apr 22, 2025
- in a previous episode
% of all-time high since 1994#
The classic underwater chart (drawdown curve), drawn as % of the all-time high — 100% is a fresh record, everything below it is time spent underwater.
% of all-time high on the price basis — the all-time high considers the full history of MLM, including years before the visible window. Dividends are excluded on this basis (the convention headlines use).
The deepest drawdowns on record#
Every decline of 15% or more from an all-time high (price basis), deepest first.
| Peak | Trough | Depth | Peak → trough | Recovered by | Underwater |
|---|---|---|---|---|---|
| Jun 21, 2007 | Nov 20, 2008 | −64.3% | 17 mo | Aug 5, 2015 | 8.1 yrs |
| May 13, 1999 | Mar 11, 2003 | −61.4% | 3.8 yrs | Jun 17, 2005 | 6.1 yrs |
| Dec 31, 2019 | Mar 23, 2020 | −48.5% | 3 mo | Dec 3, 2020 | 11 mo |
| Jan 25, 2017 | Oct 29, 2018 | −36.6% | 1.8 yrs | Jul 30, 2019 | 2.5 yrs |
| Sep 16, 2015 | Jan 20, 2016 | −33.7% | 4 mo | May 6, 2016 | 8 mo |
| Dec 29, 2021 | Jul 1, 2022 | −33.0% | 6 mo | Jun 23, 2023 | 18 mo |
| Apr 5, 2006 | Aug 11, 2006 | −32.0% | 4 mo | Jan 23, 2007 | 10 mo |
| Feb 18, 1994 | Jan 5, 1995 | −32.0% | 11 mo | May 13, 1996 | 2.2 yrs |
Price basis (no dividends) — the convention crash histories use. With dividends reinvested, recoveries arrive years earlier; switch the basis on the chart above to see it.
Drawdown vs what came next#
One dot per month since 1994: how far MLM stood below its all-time high, and the total return over the following 1, 5 and 10 years.
Read this with survivorship bias in mind: MLM is on this chart precisely because it survived — the many stocks that fell this far and never recovered (or were delisted) aren't on anyone's chart, so past recoveries here say little about the odds ahead. Monthly windows also overlap heavily (they are not independent samples). Not investment advice.
FAQ
- How far is MLM from its all-time high?
- MLM is currently 21.0% below its all-time high, set Feb 10, 2026 (as of market close, Jul 24, 2026). Prices only, the convention headlines use; with dividends reinvested the gap is usually smaller.
- What was the biggest MLM drawdown ever?
- The deepest decline on record in our data (since 1994) took the stock 64.3% below its prior high, bottoming Nov 20, 2008. The table on this page lists every major episode with its peak, trough and recovery date.
Methodology & related#
Daily closing prices since 1994 (split-adjusted). "All-time" means since our price data begins — MLM may have traded earlier. For a 150-year index drawdown record see the S&P 500 drawdown page. The price basis excludes dividends; the total-return basis reinvests them; the real basis additionally deflates by CPI. See also returns by year, 150 years of returns and the rolling-returns explorer. Past performance does not predict future returns; not investment advice.