undamentalytics Newsletter

Materials stocks

210 US-listed companies in the materials sector reported $1.11tn of revenue in their latest fiscal years. Arcelormittal is the largest, with $61.4bn. Among companies with at least $100m of revenue, the median grew 6.7% and kept 4.3% of revenue as net income.

Companies210
Combined revenue$1.11tn
Median revenue growth6.7%
Median net margin4.3%
Median return on equity8.0%

Largest materials companies

#CompanyRevenueGrowthNet marginROEFiscal year
1 ArcelormittalMT $61.4bn −1.7% 5.1% 6.1% 2025
2 BHP Group LtdBHP $58.8bn 14.6% 16.7% 19.9% 2026
3 Dow Inc.DOW $40.0bn −7.0% −6.6% −15.7% 2025
4 Vale S.a.VALE $38.4bn 0.9% 6.1% 7.0% 2025
5 CRH plcCRH $37.4bn 5.3% 10.0% 16.5% 2025
6 Linde plcLIN $34.0bn 3.0% 20.3% 18.1% 2025
7 NucorNUE $32.5bn 5.7% 5.4% 8.5% 2025
8 Smurfit WestrockSW $31.2bn 47.7% 2.2% 3.9% 2025
9 LyondellBasellLYB $30.2bn −9.7% −2.4% −6.5% 2025
10 Nutrien Ltd.NTR $26.9bn 3.5% 8.4% 9.1% 2025
11 Freeport-McMoRanFCX $25.9bn 1.8% 8.5% 12.1% 2025
12 International PaperIP $23.6bn 49.3% −14.9% −30.6% 2025
13 Sherwin-WilliamsSHW $23.6bn 2.1% 10.9% 59.4% 2025
14 AmcorAMCR $23.5bn 56.6% 4.7% 9.4% 2026
15 NewmontNEM $22.7bn 21.3% 31.3% 22.2% 2025
16 Cleveland-cliffs Inc.CLF $18.6bn −3.0% −7.9% −23.2% 2025
17 Steel DynamicsSTLD $18.2bn 3.6% 6.5% 13.3% 2025
18 Corteva, Inc.CTVA $17.4bn 2.9% 6.3% 4.6% 2025
19 Barrick Mining CorpB $17.0bn 31.2% 29.4% 19.6% 2025
20 EcolabECL $16.1bn 2.2% 12.9% 22.4% 2025
21 PPG IndustriesPPG $15.9bn 0.2% 9.9% 21.4% 2025
22 Reliance, Inc.RS $14.3bn 3.3% 5.2% 10.3% 2025
23 Southern Copper Corp/SCCO $13.4bn 17.4% 32.3% 42.9% 2025
24 Ball CorporationBALL $13.2bn 11.6% 6.9% 16.2% 2025
25 Alcoa CorpAA $12.8bn 7.9% 9.0% 20.5% 2025

Industries in materials

Figures from each company's latest annual report filed with the SEC (10-K or 20-F), as reported, with the fiscal year shown. Not investment advice. How we read filings: methodology.