TacticScaleWhat United States Lime & Minerals Does & How It Makes Money (USLM)
Updated October 2026 · reflects United States Lime & Minerals's latest reported financials
U.S. producer of lime and limestone products from its own quarries. The company earns most of its revenue by mining limestone, processing it into lime products and selling them to construction, industrial, environmental and other customers.
How United States Lime & Minerals makes money
The company earns most of its revenue by mining limestone, processing it into lime products and selling them to construction, industrial, environmental and other customers. It also earns royalty income from natural gas wells in the Barnett Shale in Texas.
What United States Lime & Minerals does
United States Lime & Minerals, Inc. is a Dallas-based company, incorporated in 1950, that makes and sells lime and limestone products in the United States. It extracts limestone from open-pit quarries and an underground mine and turns it into pulverized limestone, quicklime, hydrated lime and lime slurry. Its customers span construction (highway, road and building contractors), industry (paper and glass makers, steel producers, roof shingle manufacturers), environmental uses (municipal water and sanitation treatment and flue gas treatment), oil and gas services companies, and poultry producers. Beyond its main lime business, the company holds royalty interests in natural gas wells in Johnson County, Texas, in the Barnett Shale Formation. It is a subsidiary of Inberdon Enterprises Ltd.
Products & services
- Quicklime
- Hydrated lime
- Lime slurry
- Pulverized limestone
- Oil and gas royalty interests (Barnett Shale)
What is United States Lime & Minerals worth?
On an owner-earnings DCF, United States Lime & Minerals's most-likely value is about $47 versus a recent price near $109 (57% above fair value). But TacticScale only calls a stock undervalued when the price sits below its conservative no-growth floor (~$24) with a margin of safety — so the honest verdict here is “Fairly priced — no edge.” Fair value earns its keep only at the extremes, not in the wide middle.
Price sits in the normal range — fair value isn't actionable here; it earns its keep only when price drops below the no-growth floor, or runs to roughly double the optimistic case.
Analysis, not advice. Fair value is a margin-of-safety estimate from a deterministic owner-earnings DCF, not a price target or recommendation. See the full breakdown →
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