Top Basic Materials Stocks by EBITDA
Top basic materials companies ranked by EBITDA, latest annual filings.
What EBITDA Means for Basic Materials Companies
EBITDA is earnings before interest, taxes, depreciation, and amortization, exposing operating profit before capital structure and accounting choices. In basic materials, miners, chemical producers, paper and forestry firms, and metals processors all carry enormous long-lived assets tied to mines, mills, and processing plants. Depreciation and amortization charges are therefore large, and EBITDA typically runs meaningfully above operating income across the sector, which is why it dominates industry-level valuation conversations.
Why It Matters in Basic Materials
Commodity prices drive sector results, and fixed asset bases produce strong operating leverage on price moves. EBITDA isolates that operating response without the distortion of different capital structures or acquisition-era depreciation schedules. The D&A being added back reflects genuine ore depletion and plant wear, and mining reserves require ongoing finding-and-development spend to replace. Cross-cycle EBITDA is usually more informative than a single-period figure captured at a price peak or trough.
What to Read Alongside
Pair EBITDA with Capex to size the sustaining and growth reinvestment the metric sets aside, Free Cash Flow for the cash that survives through the cycle, and Debt to contextualize leverage against operating earnings.
| # | Symbol | Company | Sector | ||
|---|---|---|---|---|---|
| 1 | RIO | Rio Tinto Group | Basic Materials | $21.51B | $136.19B |
| 2 | LIN | Linde plc | Basic Materials | $12.69B | $236.54B |
| 3 | VALE | Vale S.A. | Basic Materials | $9.00B | $49.32B |
| 4 | FCX | Freeport-McMoRan Inc. | Basic Materials | $8.76B | $85.33B |
| 5 | SCCO | Southern Copper Corporation | Basic Materials | $7.87B | $142.73B |
| 6 | CRH | CRH plc | Basic Materials | $7.60B | $63.09B |
| 7 | MT | ArcelorMittal S.A. | Basic Materials | $6.57B | $45.85B |
| 8 | NTR | Nutrien Ltd. | Basic Materials | $6.11B | $33.89B |
| 9 | KGC | Kinross Gold Corporation | Basic Materials | $4.38B | $26.20B |
| 10 | SUZ | Suzano S.A. | Basic Materials | $3.94B | $11.90B |
| 11 | ECL | Ecolab Inc. | Basic Materials | $3.71B | $84.33B |
| 12 | CF | CF Industries Holdings, Inc. | Basic Materials | $3.20B | $17.46B |
| 13 | HMY | Harmony Gold Mining Company Limited | Basic Materials | $2.94B | $10.77B |
| 14 | TECK | Teck Resources Limited | Basic Materials | $2.92B | $29.69B |
| 15 | AMRZ | Amrize Ltd | Basic Materials | $2.66B | $22.29B |
| 16 | SSL | Sasol Limited | Basic Materials | $2.40B | $9.51B |
| 17 | VMC | Vulcan Materials Company | Basic Materials | $2.37B | $36.29B |
| 18 | CX | CEMEX, S.A.B. de C.V. | Basic Materials | $2.30B | $15.47B |
| 19 | MLM | Martin Marietta Materials, Inc. | Basic Materials | $2.07B | $36.85B |
| 20 | STLD | Steel Dynamics, Inc. | Basic Materials | $2.03B | $31.70B |
| 21 | MOS | The Mosaic Company | Basic Materials | $1.87B | $7.11B |
| 22 | BTG | B2Gold Corp. | Basic Materials | $1.82B | $7.11B |
| 23 | PAAS | Pan American Silver Corp. | Basic Materials | $1.73B | $16.98B |
| 24 | SID | Companhia Siderúrgica Nacional | Basic Materials | $1.64B | $1.13B |
| 25 | TX | Ternium S.A. | Basic Materials | $1.49B | $9.65B |
| 26 | HBM | Hudbay Minerals Inc. | Basic Materials | $1.36B | $9.29B |
| 27 | GGB | Gerdau S.A. | Basic Materials | $1.36B | $8.59B |
| 28 | RS | Reliance, Inc. | Basic Materials | $1.29B | $21.24B |
| 29 | ICL | ICL Group Ltd | Basic Materials | $1.20B | $6.04B |
| 30 | AXTA | Axalta Coating Systems Ltd. | Basic Materials | $1.03B | $7.80B |
| 31 | EGO | Eldorado Gold Corporation | Basic Materials | $987.90M | $9.29B |
| 32 | LYB | LyondellBasell Industries N.V. | Basic Materials | $970.00M | $19.63B |
| 33 | CDE | Coeur Mining, Inc. | Basic Materials | $958.11M | $15.81B |
| 34 | EQX | Equinox Gold Corp. | Basic Materials | $949.86M | $13.45B |
| 35 | JHX | James Hardie Industries plc | Basic Materials | $941.10M | $16.20B |
| 36 | MEOH | Methanex Corporation | Basic Materials | $877.07M | $5.13B |
| 37 | RGLD | Royal Gold, Inc. | Basic Materials | $815.25M | $22.47B |
| 38 | CBT | Cabot Corporation | Basic Materials | $775.00M | $3.65B |
| 39 | APD | Air Products and Chemicals, Inc. | Basic Materials | $687.20M | $67.88B |
| 40 | HL | Hecla Mining Company | Basic Materials | $680.37M | $9.90B |
| 41 | NEU | NewMarket Corporation | Basic Materials | $666.15M | $6.39B |
| 42 | AG | First Majestic Silver Corp. | Basic Materials | $661.87M | $7.47B |
| 43 | FSM | Fortuna Mining Corp. | Basic Materials | $599.41M | $2.85B |
| 44 | IFF | International Flavors & Fragrances Inc. | Basic Materials | $580.00M | $20.69B |
| 45 | SSRM | SSR Mining Inc. | Basic Materials | $577.62M | $5.66B |
| 46 | SSD | Simpson Manufacturing Co., Inc. | Basic Materials | $548.02M | $7.98B |
| 47 | OLN | Olin Corporation | Basic Materials | $526.90M | $1.97B |
| 48 | NGVT | Ingevity Corporation | Basic Materials | $525.10M | $2.03B |
| 49 | UFPI | UFP Industries, Inc. | Basic Materials | $524.95M | $4.36B |
| 50 | ESI | Element Solutions Inc | Basic Materials | $493.40M | $7.61B |
| 51 | KNF | Knife River Corporation | Basic Materials | $479.61M | $3.20B |
| 52 | WLKP | Westlake Chemical Partners LP | Basic Materials | $447.56M | $747.02M |
| 53 | SMG | The Scotts Miracle-Gro Company | Basic Materials | $436.20M | $3.77B |
| 54 | SLVM | Sylvamo Corporation | Basic Materials | $430.00M | $1.57B |
| 55 | AVNT | Avient Corporation | Basic Materials | $389.40M | $4.17B |
| 56 | ERO | Ero Copper Corp. | Basic Materials | $386.31M | $3.01B |
| 57 | TTAM | Titan America SA | Basic Materials | $376.83M | $2.08B |
| 58 | BCC | Boise Cascade Company | Basic Materials | $341.55M | $2.44B |
| 59 | KALU | Kaiser Aluminum Corporation | Basic Materials | $311.30M | $1.75B |
| 60 | ALB | Albemarle Corporation | Basic Materials | $291.59M | $11.71B |
| 61 | SXT | Sensient Technologies Corporation | Basic Materials | $268.23M | $5.07B |
| 62 | TGLS | Tecnoglass Holdings Inc. | Basic Materials | $267.51M | $1.95B |
| 63 | CLMT | Calumet, Inc. | Basic Materials | $257.50M | $3.48B |
| 64 | BCPC | Balchem Corporation | Basic Materials | $255.02M | $5.56B |
| 65 | CENX | Century Aluminum Company | Basic Materials | $249.90M | $3.31B |
| 66 | KOP | Koppers Holdings Inc. | Basic Materials | $241.40M | $566.78M |
| 67 | HCC | Warrior Met Coal, Inc. | Basic Materials | $234.27M | $4.44B |
| 68 | OR | OR Royalties Inc. | Basic Materials | $233.75M | $6.78B |
| 69 | UAN | CVR Partners, LP | Basic Materials | $210.53M | $1.16B |
| 70 | SCL | Stepan Company | Basic Materials | $204.59M | $1.52B |
| 71 | USLM | United States Lime & Minerals, Inc. | Basic Materials | $183.08M | $3.39B |
| 72 | MTRN | Materion Corporation | Basic Materials | $178.87M | $3.88B |
| 73 | HWKN | Hawkins, Inc. | Basic Materials | $173.84M | $3.14B |
| 74 | IOSP | Innospec Inc. | Basic Materials | $173.10M | $1.93B |
| 75 | HUN | Huntsman Corporation | Basic Materials | $156.00M | $1.66B |
| 76 | ECVT | Ecovyst Inc. | Basic Materials | $141.32M | $1.14B |
| 77 | LXU | LSB Industries, Inc. | Basic Materials | $139.20M | $763.23M |
| 78 | CMP | Compass Minerals International, Inc. | Basic Materials | $128.50M | $961.78M |
| 79 | WDFC | WD-40 Company | Basic Materials | $119.31M | $2.97B |
| 80 | SVM | Silvercorp Metals Inc. | Basic Materials | $118.96M | $1.97B |
| 81 | KWR | Quaker Chemical Corporation | Basic Materials | $118.81M | $2.58B |
| 82 | AMR | Alpha Metallurgical Resources, Inc. | Basic Materials | $113.16M | $1.87B |
| 83 | EXK | Endeavour Silver Corp. | Basic Materials | $109.50M | $2.32B |
| 84 | SXC | SunCoke Energy, Inc. | Basic Materials | $109.20M | $831.77M |
| 85 | GAU | Galiano Gold Inc. | Basic Materials | $99.42M | $653.98M |
| 86 | ODC | Oil-Dri Corporation of America | Basic Materials | $91.18M | $1.02B |
| 87 | TGB | Trekor Metals Limited | Basic Materials | $89.81M | $2.55B |
| 88 | WS | Worthington Steel, Inc. | Basic Materials | $82.80M | $1.88B |
| 89 | CTGO | Contango Silver & Gold Inc. | Basic Materials | $69.22M | $520.00M |
| 90 | GPRE | Green Plains Inc. | Basic Materials | $31.19M | $927.36M |
| 91 | MUX | McEwen Inc. | Basic Materials | $30.50M | $949.83M |
| 92 | KRO | Kronos Worldwide, Inc. | Basic Materials | $24.00M | $858.63M |
| 93 | ELE | Elemental Royalty Corporation | Basic Materials | $21.64M | $1.22B |
No companies match this search.
How this ranking is built
Companies are ranked by EBITDA as reported in their most recent annual filing with the SEC. Figures shown are in US dollars (or percent, as noted), rounded to two decimals.
- Source: annual 10-K / 20-F filings from companies trading on US exchanges (NYSE, Nasdaq, AMEX).
- Fiscal year: whichever annual period the company has most recently filed. Fiscal years don't always align with the calendar year, so the "as of FY" stamp above reflects the most common year across the table.
- Filtered out: warrants, preferred shares, and duplicate listings that share a parent company's financials.
- Size floor: A company qualifies at $500 million in market cap or above. Below that, one mis-stated figure outranks the companies the list is about.
- Currency check: A company whose annual revenue runs above 15 times its market cap is left out, because at that gap the two figures are not in the same currency.
- Currency check: A company whose balance sheet runs above 150 times its market cap is left out for the same reason.
- Market cap: stated at each company's latest close, which is newer than the annual figure ranked here.
- Update cadence: refreshed as companies file new annual reports (typically within 60–90 days of fiscal year end).
Not financial advice. This is a research tool, not a recommendation.
Frequently asked questions
Why is EBITDA leverage to commodity prices so pronounced in basic materials?
Miners, chemical producers, and metals processors operate large fixed-cost bases: mines, mills, kilns, and processing plants that generate output at relatively stable cash costs per unit. When the market price of the underlying commodity rises, the extra revenue flows almost directly to EBITDA because cash costs move far less. The same dynamic reverses on the downside, which is why single-period EBITDA can look either exceptional or stressed depending on where the cycle sits.
How does reserve depletion factor into a view on EBITDA?
For miners in particular, the depletion being added back to arrive at EBITDA corresponds to ore bodies that have physically been mined out. Those reserves must be replaced through exploration spending, acquisitions, or new development, otherwise production declines. Pairing EBITDA with a view of sustaining capital expenditures and reserve life helps separate firms that genuinely convert operating earnings into cash for owners from those simply running down a finite asset.