Top Basic Materials Stocks by Gross Margin
Top basic materials companies ranked by gross margin, latest annual filings.
What Gross Margin Means for Basic Materials Companies
Gross margin in basic materials is the spread between realized commodity prices and the direct cost of extracting, smelting, or processing the output. Miners, chemical producers, steelmakers, and paper-and-packaging firms all sit in this sector and share a common trait: they market largely undifferentiated products whose prices are set by global markets. That makes ore grades, energy inputs, and plant utilization the primary drivers of how much margin survives direct production costs.
Why It Matters in Basic Materials
Gross margin in this sector is a read on ore quality, operational efficiency, and input-cost positioning. A producer with richer ore, lower-cost feedstock access, or newer integrated facilities earns a wider spread at any given commodity price. It is worth noting that reported gross margin is extremely sensitive to the price cycle, and also that inventory accounting, byproduct credits, and royalty structures differ across firms, which complicates like-for-like peer comparison.
What to Read Alongside
Pair gross margin with [Revenue](/financials/top-revenue-stocks/basic-materials/) to size the commodity-cycle backdrop, [Operating Margin](/financials/top-operating-margin-stocks/basic-materials/) to include corporate overhead, and [Free Cash Flow](/financials/top-free-cash-flow-stocks/basic-materials/) because capital intensity varies enormously across mining, chemicals, and paper subsectors.
| # | Symbol | Company | Sector | ||
|---|---|---|---|---|---|
| 1 | MSB | Mesabi Trust | Basic Materials | 94.60% | $0.32B |
| 2 | RGLD | Royal Gold, Inc. | Basic Materials | 69.32% | $16.72B |
| 3 | NEM | Newmont Corporation | Basic Materials | 64.33% | $99.04B |
| 4 | IDR | Idaho Strategic Resources, Inc. | Basic Materials | 61.80% | $0.50B |
| 5 | SSRM | SSR Mining Inc. | Basic Materials | 59.91% | $5.10B |
| 6 | WDFC | WD-40 Company | Basic Materials | 55.06% | $2.99B |
| 7 | USLM | United States Lime & Minerals, Inc. | Basic Materials | 48.94% | $2.98B |
| 8 | SHW | The Sherwin-Williams Company | Basic Materials | 48.85% | $74.96B |
| 9 | LIN | Linde plc | Basic Materials | 48.83% | $235.41B |
| 10 | CTVA | Corteva, Inc. | Basic Materials | 47.29% | $49.80B |
| 11 | GEVO | Gevo, Inc. | Basic Materials | 46.92% | $0.36B |
| 12 | SSD | Simpson Manufacturing Co., Inc. | Basic Materials | 45.85% | $7.66B |
| 13 | ECL | Ecolab Inc. | Basic Materials | 44.46% | $72.33B |
| 14 | HL | Hecla Mining Company | Basic Materials | 43.72% | $9.42B |
| 15 | TGLS | Tecnoglass Inc. | Basic Materials | 42.84% | $1.87B |
| 16 | ESI | Element Solutions Inc | Basic Materials | 41.96% | $9.62B |
| 17 | RPM | RPM International Inc. | Basic Materials | 41.38% | $13.31B |
| 18 | PPG | PPG Industries, Inc. | Basic Materials | 41.32% | $25.18B |
| 19 | NGVT | Ingevity Corporation | Basic Materials | 39.53% | $2.37B |
| 20 | CF | CF Industries Holdings, Inc. | Basic Materials | 38.45% | $16.79B |
| 21 | NTIC | Northern Technologies International Corporation | Basic Materials | 37.61% | $0.08B |
| 22 | IFF | International Flavors & Fragrances Inc. | Basic Materials | 36.16% | $18.95B |
| 23 | CRH | CRH plc | Basic Materials | 36.13% | $66.81B |
| 24 | KWR | Quaker Chemical Corporation | Basic Materials | 35.97% | $2.37B |
| 25 | JHX | James Hardie Industries plc | Basic Materials | 35.77% | $12.77B |
| 26 | BCPC | Balchem Corporation | Basic Materials | 35.74% | $5.19B |
| 27 | DD | DuPont de Nemours, Inc. | Basic Materials | 34.50% | $18.25B |
| 28 | AXTA | Axalta Coating Systems Ltd. | Basic Materials | 34.43% | $6.87B |
| 29 | SXT | Sensient Technologies Corporation | Basic Materials | 33.45% | $5.10B |
| 30 | FSI | Flexible Solutions International, Inc. | Basic Materials | 32.56% | $0.08B |
| 31 | HLP | Hongli Group Inc. | Basic Materials | 32.54% | $0.04B |
| 32 | SOLS | Solstice Advanced Materials, Inc. | Basic Materials | 32.17% | $12.34B |
| 33 | NEU | NewMarket Corporation | Basic Materials | 31.46% | $7.58B |
| 34 | APD | Air Products and Chemicals, Inc. | Basic Materials | 31.41% | $61.57B |
| 35 | AVNT | Avient Corporation | Basic Materials | 31.15% | $3.21B |
| 36 | FUL | H.B. Fuller Company | Basic Materials | 31.11% | $3.33B |
| 37 | MLM | Martin Marietta Materials, Inc. | Basic Materials | 30.72% | $33.20B |
| 38 | SMG | The Scotts Miracle-Gro Company | Basic Materials | 30.59% | $3.45B |
| 39 | WLKP | Westlake Chemical Partners LP | Basic Materials | 29.81% | $0.82B |
| 40 | ODC | Oil-Dri Corporation of America | Basic Materials | 29.47% | $1.39B |
| 41 | RS | Reliance, Inc. | Basic Materials | 28.74% | $20.13B |
| 42 | AVD | American Vanguard Corporation | Basic Materials | 28.65% | $0.08B |
| 43 | EXP | Eagle Materials Inc. | Basic Materials | 28.27% | $6.60B |
| 44 | SMID | Smith-Midland Corporation | Basic Materials | 27.86% | $0.16B |
| 45 | IOSP | Innospec Inc. | Basic Materials | 27.69% | $2.05B |
| 46 | VMC | Vulcan Materials Company | Basic Materials | 27.38% | $35.38B |
| 47 | UAN | CVR Partners, LP | Basic Materials | 26.96% | $1.23B |
| 48 | GORO | Gold Resource Corporation | Basic Materials | 26.84% | $0.19B |
| 49 | CBT | Cabot Corporation | Basic Materials | 25.32% | $4.29B |
| 50 | HDSN | Hudson Technologies, Inc. | Basic Materials | 25.18% | $0.23B |
| 51 | UAMY | United States Antimony Corporation | Basic Materials | 25.15% | $1.02B |
| 52 | HCC | Warrior Met Coal, Inc. | Basic Materials | 25.01% | $5.03B |
| 53 | MTX | Minerals Technologies Inc. | Basic Materials | 24.99% | $2.36B |
| 54 | MUX | McEwen Inc. | Basic Materials | 24.08% | $1.03B |
| 55 | KOP | Koppers Holdings Inc. | Basic Materials | 23.83% | $0.80B |
| 56 | CAPS | Capstone Holding Corp. | Basic Materials | 23.02% | $0.00B |
| 57 | ACNT | Ascent Industries Co. | Basic Materials | 22.97% | $0.12B |
| 58 | HWKN | Hawkins, Inc. | Basic Materials | 22.61% | $3.21B |
| 59 | SLVM | Sylvamo Corporation | Basic Materials | 21.93% | $1.58B |
| 60 | ECVT | Ecovyst Inc. | Basic Materials | 21.85% | $1.40B |
| 61 | EMN | Eastman Chemical Company | Basic Materials | 21.07% | $8.16B |
| 62 | BON | Bon Natural Life Limited | Basic Materials | 20.77% | $0.01B |
| 63 | CE | Celanese Corporation | Basic Materials | 20.45% | $5.52B |
| 64 | OEC | Orion S.A. | Basic Materials | 19.91% | $0.41B |
| 65 | NWPX | NWPX Infrastructure, Inc. | Basic Materials | 19.70% | $1.18B |
| 66 | REX | REX American Resources Corporation | Basic Materials | 19.28% | $1.44B |
| 67 | IPI | Intrepid Potash, Inc. | Basic Materials | 18.37% | $0.45B |
| 68 | KNF | Knife River Corporation | Basic Materials | 18.35% | $4.12B |
| 69 | MATV | Mativ Holdings, Inc. | Basic Materials | 18.26% | $0.43B |
| 70 | LUD | Luda Technology Group Limited | Basic Materials | 17.65% | $0.09B |
| 71 | CMT | Core Molding Technologies, Inc. | Basic Materials | 17.38% | $0.20B |
| 72 | MTRN | Materion Corporation | Basic Materials | 17.27% | $4.66B |
| 73 | LXU | LSB Industries, Inc. | Basic Materials | 16.95% | $0.85B |
| 74 | AA | Alcoa Corporation | Basic Materials | 16.94% | $17.30B |
| 75 | UFPI | UFP Industries, Inc. | Basic Materials | 16.77% | $4.64B |
| 76 | BCC | Boise Cascade Company | Basic Materials | 16.46% | $2.40B |
| 77 | MOS | The Mosaic Company | Basic Materials | 15.78% | $6.30B |
| 78 | CC | The Chemours Company | Basic Materials | 15.53% | $3.05B |
| 79 | METCB | Ramaco Resources, Inc. | Basic Materials | 15.51% | $0.73B |
| 80 | CMP | Compass Minerals International, Inc. | Basic Materials | 15.33% | $1.21B |
| 81 | JCTC | Jewett-Cameron Trading Company Ltd. | Basic Materials | 15.14% | $0.01B |
| 82 | BGLC | BioNexus Gene Lab Corp. | Basic Materials | 14.62% | $0.00B |
| 83 | VHI | Valhi, Inc. | Basic Materials | 14.22% | $0.40B |
| 84 | CSTM | Constellium SE | Basic Materials | 14.05% | $4.45B |
| 85 | HUN | Huntsman Corporation | Basic Materials | 13.21% | $2.50B |
| 86 | STLD | Steel Dynamics, Inc. | Basic Materials | 13.16% | $38.70B |
| 87 | KALU | Kaiser Aluminum Corporation | Basic Materials | 13.12% | $2.86B |
| 88 | ALB | Albemarle Corporation | Basic Materials | 13.00% | $17.36B |
| 89 | WS | Worthington Steel, Inc. | Basic Materials | 12.56% | $2.09B |
| 90 | NUE | Nucor Corporation | Basic Materials | 11.93% | $57.05B |
| 91 | SCL | Stepan Company | Basic Materials | 11.57% | $1.17B |
| 92 | KRO | Kronos Worldwide, Inc. | Basic Materials | 11.46% | $0.75B |
| 93 | ASIX | AdvanSix Inc. | Basic Materials | 10.84% | $0.58B |
| 94 | PLL | Piedmont Lithium Inc. | Basic Materials | 10.81% | $0.16B |
| 95 | HUDI | Huadi International Group Co., Ltd. | Basic Materials | 10.80% | $0.01B |
| 96 | CENX | Century Aluminum Company | Basic Materials | 10.14% | $5.84B |
| 97 | AMR | Alpha Metallurgical Resources, Inc. | Basic Materials | 9.62% | $2.47B |
| 98 | TROX | Tronox Holdings plc | Basic Materials | 9.28% | $1.14B |
| 99 | ITP | IT Tech Packaging, Inc. | Basic Materials | 8.82% | $0.00B |
| 100 | LYB | LyondellBasell Industries N.V. | Basic Materials | 8.55% | $21.03B |
No companies match this search.
How this ranking is built
Companies are ranked by gross margin 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.
- 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.