Top Basic Materials Stocks by Net Income
Top basic materials companies ranked by net income, latest annual filings.
What Net Income Means for Basic Materials Companies
Net income in basic materials reflects the spread between commodity selling prices and the cost of extracting, refining, or processing them. That spread expands rapidly when prices rise against stable unit costs and compresses just as quickly when demand softens, so reported profit in the sector often swings more than revenue does from year to year, driven by operating leverage on price rather than volume changes.
Why It Matters Less in Basic Materials
Low-cost producers with long-life reserves and valuable byproduct streams earn profit across a wider slice of the cycle, which is the durable quality signal in the sector. Still, impairments, smelter disruptions, and permitting delays can push reported earnings materially away from underlying operating capacity in any single year. Multi-cycle averages and cost curve position matter far more than peak-year profit for evaluating long-term earning power.
What to Read Alongside
Read net income alongside Free Cash Flow for the cash remaining after sustaining capital, Capital Expenditures for the investment cycle that reshapes future supply, and Return on Equity for how efficiently deployed capital produces earnings across price cycles.
| # | Symbol | Company | Sector | ||
|---|---|---|---|---|---|
| 1 | RIO | Rio Tinto Group | Basic Materials | $9.97B | $139.76B |
| 2 | BHP | BHP Group Limited | Basic Materials | $9.83B | $208.96B |
| 3 | NEM | Newmont Corporation | Basic Materials | $7.08B | $118.38B |
| 4 | LIN | Linde plc | Basic Materials | $6.90B | $234.25B |
| 5 | B | Barrick Mining Corporation | Basic Materials | $4.99B | $65.33B |
| 6 | AEM | Agnico Eagle Mines Limited | Basic Materials | $4.46B | $92.72B |
| 7 | SCCO | Southern Copper Corporation | Basic Materials | $4.33B | $163.73B |
| 8 | CRH | CRH plc | Basic Materials | $3.75B | $57.57B |
| 9 | GFI | Gold Fields Limited | Basic Materials | $3.65B | $32.28B |
| 10 | AU | AngloGold Ashanti plc | Basic Materials | $3.17B | $44.13B |
| 11 | MT | ArcelorMittal S.A. | Basic Materials | $3.15B | $45.34B |
| 12 | SHW | The Sherwin-Williams Company | Basic Materials | $2.57B | $77.50B |
| 13 | SUZ | Suzano S.A. | Basic Materials | $2.45B | $11.07B |
| 14 | KGC | Kinross Gold Corporation | Basic Materials | $2.39B | $27.26B |
| 15 | VALE | Vale S.A. | Basic Materials | $2.35B | $48.81B |
| 16 | NTR | Nutrien Ltd. | Basic Materials | $2.27B | $32.96B |
| 17 | FCX | Freeport-McMoRan Inc. | Basic Materials | $2.20B | $95.64B |
| 18 | ECL | Ecolab Inc. | Basic Materials | $2.08B | $81.97B |
| 19 | NUE | Nucor Corporation | Basic Materials | $1.74B | $61.66B |
| 20 | PPG | PPG Industries, Inc. | Basic Materials | $1.58B | $26.16B |
| 21 | WPM | Wheaton Precious Metals Corp. | Basic Materials | $1.47B | $57.48B |
| 22 | CF | CF Industries Holdings, Inc. | Basic Materials | $1.46B | $18.15B |
| 23 | STLD | Steel Dynamics, Inc. | Basic Materials | $1.19B | $35.55B |
| 24 | AMRZ | Amrize Ltd | Basic Materials | $1.19B | $21.89B |
| 25 | AA | Alcoa Corporation | Basic Materials | $1.16B | $10.61B |
| 26 | MLM | Martin Marietta Materials, Inc. | Basic Materials | $1.14B | $36.22B |
| 27 | FNV | Franco-Nevada Corporation | Basic Materials | $1.11B | $46.06B |
| 28 | CTVA | Corteva, Inc. | Basic Materials | $1.09B | $7.56B |
| 29 | VMC | Vulcan Materials Company | Basic Materials | $1.08B | $34.34B |
| 30 | TECK | Teck Resources Limited | Basic Materials | $1.02B | $30.93B |
| 31 | PAAS | Pan American Silver Corp. | Basic Materials | $980.00M | $17.39B |
| 32 | CX | CEMEX, S.A.B. de C.V. | Basic Materials | $970.00M | $15.18B |
| 33 | AGI | Alamos Gold Inc. | Basic Materials | $885.80M | $13.26B |
| 34 | BVN | Compañía de Minas Buenaventura S.A.A. | Basic Materials | $830.19M | $7.27B |
| 35 | HMY | Harmony Gold Mining Company Limited | Basic Materials | $811.87M | $10.13B |
| 36 | PKX | POSCO Holdings Inc. | Basic Materials | $761.49M | $15.77B |
| 37 | RS | Reliance, Inc. | Basic Materials | $739.40M | $22.27B |
| 38 | IAG | IAMGOLD Corporation | Basic Materials | $732.30M | $9.87B |
| 39 | RPM | RPM International Inc. | Basic Materials | $661.39M | $12.66B |
| 40 | SQM | Sociedad Química y Minera de Chile S.A. | Basic Materials | $640.64M | $16.84B |
| 41 | CDE | Coeur Mining, Inc. | Basic Materials | $585.87M | $14.82B |
| 42 | HBM | Hudbay Minerals Inc. | Basic Materials | $568.50M | $10.48B |
| 43 | MOS | The Mosaic Company | Basic Materials | $540.70M | $5.83B |
| 44 | EGO | Eldorado Gold Corporation | Basic Materials | $507.26M | $8.99B |
| 45 | SIM | Grupo Simec, S.A.B. de C.V. | Basic Materials | $502.88M | $3.97B |
| 46 | EMN | Eastman Chemical Company | Basic Materials | $474.00M | $7.62B |
| 47 | RGLD | Royal Gold, Inc. | Basic Materials | $466.28M | $20.50B |
| 48 | TX | Ternium S.A. | Basic Materials | $425.23M | $10.58B |
| 49 | EXP | Eagle Materials Inc. | Basic Materials | $423.81M | $5.33B |
| 50 | NEU | NewMarket Corporation | Basic Materials | $418.75M | $8.03B |
| 51 | BTG | B2Gold Corp. | Basic Materials | $401.91M | $6.76B |
| 52 | SSRM | SSR Mining Inc. | Basic Materials | $395.75M | $6.05B |
| 53 | SSL | Sasol Limited | Basic Materials | $381.95M | $11.09B |
| 54 | AXTA | Axalta Coating Systems Ltd. | Basic Materials | $378.00M | $7.41B |
| 55 | SSD | Simpson Manufacturing Co., Inc. | Basic Materials | $345.08M | $7.82B |
| 56 | CBT | Cabot Corporation | Basic Materials | $331.00M | $3.81B |
| 57 | HL | Hecla Mining Company | Basic Materials | $321.71M | $10.02B |
| 58 | UFPI | UFP Industries, Inc. | Basic Materials | $294.79M | $4.32B |
| 59 | FSM | Fortuna Mining Corp. | Basic Materials | $287.47M | $2.86B |
| 60 | CSTM | Constellium SE | Basic Materials | $273.00M | $3.29B |
| 61 | ERO | Ero Copper Corp. | Basic Materials | $263.72M | $3.36B |
| 62 | GGB | Gerdau S.A. | Basic Materials | $253.24M | $8.85B |
| 63 | TFPM | Triple Flag Precious Metals Corp. | Basic Materials | $240.00M | $6.15B |
| 64 | SOLS | Solstice Advanced Materials, Inc. | Basic Materials | $237.00M | $10.05B |
| 65 | ICL | ICL Group Ltd | Basic Materials | $226.00M | $6.01B |
| 66 | EQX | Equinox Gold Corp. | Basic Materials | $221.47M | $12.23B |
| 67 | OR | OR Royalties Inc. | Basic Materials | $206.09M | $6.37B |
| 68 | ESI | Element Solutions Inc | Basic Materials | $190.80M | $8.72B |
| 69 | TTAM | Titan America SA | Basic Materials | $185.44M | $2.49B |
| 70 | AG | First Majestic Silver Corp. | Basic Materials | $164.92M | $7.79B |
| 71 | TGLS | Tecnoglass Holdings Inc. | Basic Materials | $159.57M | $1.67B |
| 72 | KNF | Knife River Corporation | Basic Materials | $157.07M | $3.08B |
| 73 | BCPC | Balchem Corporation | Basic Materials | $154.84M | $5.30B |
| 74 | FUL | H.B. Fuller Company | Basic Materials | $151.97M | $2.66B |
| 75 | SMG | The Scotts Miracle-Gro Company | Basic Materials | $145.20M | $3.47B |
| 76 | MEOH | Methanex Corporation | Basic Materials | $144.79M | $4.92B |
| 77 | SXT | Sensient Technologies Corporation | Basic Materials | $134.49M | $5.60B |
| 78 | USLM | United States Lime & Minerals, Inc. | Basic Materials | $134.28M | $3.14B |
| 79 | BCC | Boise Cascade Company | Basic Materials | $132.84M | $2.60B |
| 80 | NEXA | Nexa Resources S.A. | Basic Materials | $132.63M | $1.57B |
| 81 | SLVM | Sylvamo Corporation | Basic Materials | $132.00M | $1.27B |
| 82 | DRD | DRDGOLD Limited | Basic Materials | $126.58M | $2.18B |
| 83 | IOSP | Innospec Inc. | Basic Materials | $116.60M | $2.48B |
| 84 | KALU | Kaiser Aluminum Corporation | Basic Materials | $112.50M | $1.98B |
| 85 | JHX | James Hardie Industries plc | Basic Materials | $104.00M | $15.13B |
| 86 | UAN | CVR Partners, LP | Basic Materials | $98.66M | $1.32B |
| 87 | REX | REX American Resources Corporation | Basic Materials | $82.95M | $1.29B |
| 88 | WDFC | WD-40 Company | Basic Materials | $82.35M | $2.87B |
| 89 | AVNT | Avient Corporation | Basic Materials | $81.90M | $3.87B |
| 90 | HWKN | Hawkins, Inc. | Basic Materials | $81.55M | $3.20B |
| 91 | ARIS | Aris Mining Corporation | Basic Materials | $78.34M | $3.39B |
| 92 | MTRN | Materion Corporation | Basic Materials | $74.82M | $5.03B |
| 93 | SVM | Silvercorp Metals Inc. | Basic Materials | $58.19M | $1.90B |
| 94 | HCC | Warrior Met Coal, Inc. | Basic Materials | $57.00M | $4.41B |
| 95 | ODC | Oil-Dri Corporation of America | Basic Materials | $56.97M | $1.09B |
| 96 | KOP | Koppers Holdings Inc. | Basic Materials | $56.00M | $795.80M |
| 97 | WLKP | Westlake Chemical Partners LP | Basic Materials | $48.70M | $745.10M |
| 98 | SCL | Stepan Company | Basic Materials | $46.90M | $1.56B |
| 99 | CENX | Century Aluminum Company | Basic Materials | $41.80M | $3.47B |
| 100 | NWPX | NWPX Infrastructure, Inc. | Basic Materials | $35.41M | $960.54M |
No companies match this search.
How this ranking is built
Companies are ranked by net income 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.
- 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 does basic materials net income swing so sharply with commodity prices?
Producers face relatively fixed cash costs per unit of output in the short run, whether that cost is mining ore, refining metal, or producing chemicals. When the selling price rises, the extra revenue drops largely to profit; when it falls, the margin compresses quickly. This operating leverage on price is structural rather than a sign of weak management. Through-cycle earning power is better judged by where a firm sits on the industry cost curve than by any single year of reported profit.
How do byproduct credits and ore grade affect reported profit?
Many mines produce a primary metal alongside smaller quantities of secondary metals whose sales are netted against cost as byproduct credits. A rising price in a byproduct can meaningfully lift reported margins even when the primary metal is flat. Ore grade, the concentration of metal in the ore body, directly affects how much tonnage must be moved to produce a unit of output; grade declines over time at most mines, gradually raising unit costs and eroding profit unless offset by operational improvements or higher prices.
What distinguishes durable profit in basic materials?
Low position on the industry cost curve is the most important factor because low-cost producers earn profit at prices that force higher-cost peers into losses, making their earnings more resilient across the cycle. Long-life reserves reduce the pressure to acquire replacement tonnage at peak-cycle prices, and disciplined capital allocation that avoids over-expanding capacity during upswings prevents the self-inflicted margin damage that has historically followed industry-wide booms in this sector.