Top Basic Materials Stocks by Share Buybacks
Top basic materials companies ranked by share buybacks, latest annual filings.
What Share Buybacks Mean for Basic Materials Companies
Share buybacks in basic materials are commodity-cycle sensitive, much like energy. Mining and metals producers expand repurchase programs during high-price windows when cash flow is strong and compress them during troughs, while specialty chemicals and coatings firms, with less cyclical margins, tend to run steadier programs. The dispersion within the sector makes trailing buyback dollars a weak indicator in isolation without reference to where each firm sits in the commodity cycle.
Why It Matters in Basic Materials
Variable buybacks at cyclical miners and steelmakers demonstrate capital discipline in an industry historically prone to debt-funded expansion into the cycle's top. Specialty chemistry buybacks look more like consumer defensive programs, steadier and paired with dividends. The shared caveat is that peak-cycle repurchases arithmetically execute at the worst prices, which the sector's history has illustrated painfully through many past commodity cycles.
What to Read Alongside
Pair buybacks with [Free Cash Flow](/financials/top-free-cash-flow-stocks/basic-materials/) to see whether programs are self-funded through the commodity cycle, [Capex](/financials/biggest-capex-stocks/basic-materials/) to confirm discipline over expansion, and [Net Income](/financials/top-net-income-stocks/basic-materials/) for earnings context across cycles.
| # | Symbol | Company | Sector | ||
|---|---|---|---|---|---|
| 1 | LIN | Linde plc | Basic Materials | $4.60B | $234.10B |
| 2 | NEM | Newmont Corporation | Basic Materials | $2.30B | $101.12B |
| 3 | SHW | The Sherwin-Williams Company | Basic Materials | $1.66B | $76.59B |
| 4 | CF | CF Industries Holdings, Inc. | Basic Materials | $1.36B | $19.47B |
| 5 | CTVA | Corteva, Inc. | Basic Materials | $1.07B | $59.38B |
| 6 | STLD | Steel Dynamics, Inc. | Basic Materials | $0.90B | $34.69B |
| 7 | ECL | Ecolab Inc. | Basic Materials | $0.78B | $74.06B |
| 8 | NTR | Nutrien Ltd. | Basic Materials | $0.56B | $32.90B |
| 9 | MLM | Martin Marietta Materials, Inc. | Basic Materials | $0.45B | $32.84B |
| 10 | VMC | Vulcan Materials Company | Basic Materials | $0.44B | $35.67B |
| 11 | UFPI | UFP Industries, Inc. | Basic Materials | $0.43B | $4.87B |
| 12 | EXP | Eagle Materials Inc. | Basic Materials | $0.38B | $6.40B |
| 13 | MT | ArcelorMittal S.A. | Basic Materials | $0.26B | $49.86B |
| 14 | VALE | Vale S.A. | Basic Materials | $0.24B | $63.11B |
| 15 | BCC | Boise Cascade Company | Basic Materials | $0.18B | $2.69B |
| 16 | CBT | Cabot Corporation | Basic Materials | $0.17B | $4.60B |
| 17 | AXTA | Axalta Coating Systems Ltd. | Basic Materials | $0.17B | $6.78B |
| 18 | TGLS | Tecnoglass Inc. | Basic Materials | $0.12B | $1.94B |
| 19 | CSTM | Constellium SE | Basic Materials | $0.12B | $4.08B |
| 20 | BCPC | Balchem Corporation | Basic Materials | $0.11B | $5.17B |
| 21 | ASH | Ashland Inc. | Basic Materials | $0.10B | $3.05B |
| 22 | SLVM | Sylvamo Corporation | Basic Materials | $0.08B | $1.49B |
| 23 | NEU | NewMarket Corporation | Basic Materials | $0.08B | $7.08B |
| 24 | WLK | Westlake Corporation | Basic Materials | $0.06B | $9.64B |
| 25 | FUL | H.B. Fuller Company | Basic Materials | $0.06B | $2.96B |
| 26 | NGVT | Ingevity Corporation | Basic Materials | $0.06B | $2.56B |
| 27 | ECVT | Ecovyst Inc. | Basic Materials | $0.05B | $1.41B |
| 28 | PAAS | Pan American Silver Corp. | Basic Materials | $0.05B | $18.62B |
| 29 | PRM | Perimeter Solutions, Inc. | Basic Materials | $0.04B | $5.56B |
| 30 | KOP | Koppers Holdings Inc. | Basic Materials | $0.04B | $0.96B |
| 31 | OR | OR Royalties Inc. | Basic Materials | $0.04B | $5.45B |
| 32 | REX | REX American Resources Corporation | Basic Materials | $0.03B | $1.49B |
| 33 | GPRE | Green Plains Inc. | Basic Materials | $0.03B | $1.20B |
| 34 | IOSP | Innospec Inc. | Basic Materials | $0.02B | $2.07B |
| 35 | SMG | The Scotts Miracle-Gro Company | Basic Materials | $0.02B | $3.93B |
| 36 | NWPX | NWPX Infrastructure, Inc. | Basic Materials | $0.02B | $1.28B |
| 37 | MTUS | Metallus Inc. | Basic Materials | $0.01B | $0.86B |
| 38 | WDFC | WD-40 Company | Basic Materials | $0.01B | $3.12B |
| 39 | MTRN | Materion Corporation | Basic Materials | $0.01B | $5.17B |
| 40 | USLM | United States Lime & Minerals, Inc. | Basic Materials | $0.00B | $3.05B |
| 41 | ASIX | AdvanSix Inc. | Basic Materials | $0.00B | $0.58B |
| 42 | HL | Hecla Mining Company | Basic Materials | $0.00B | $10.28B |
| 43 | UAMY | United States Antimony Corporation | Basic Materials | $0.00B | $0.82B |
No companies match this search.
How this ranking is built
Companies are ranked by share buybacks 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.