United States Lime & Minerals (USLM) has emerged as a top-performing stock in 2024, delivering an impressive 209% YTD return. Operating in the cyclical materials industry, USLM benefits from favorable macroeconomic conditions, including lower inflation and increasing infrastructure demand. This article takes a closer look into the fundamentals and financial ratios to determine whether USLM is an attractive buying opportunity for investors.

USLM operates in two main segments: Lime and Limestone Operations, and Natural Gas Interests. The Lime and Limestone segment includes plants and facilities in Arkansas, Colorado, Louisiana, Oklahoma, and Texas, serving markets in the Central United States.