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2874 companies · fiscal year 2025 · SEC EDGAR · September 25, 2026

Largest materials companies by operating income

Operating income is profit from the core business before interest and tax. It strips out financing decisions, so it compares operations rather than balance sheets. Figures are for fiscal year 2025 and are read directly from each company's SEC filings; the source column on every row links to the document.

Ranks 1–100 of 136 · Fiscal year 2025 · Data as of September 25, 2026

BHP Group (BHP) tops the list with $19.5B in operating income for fiscal 2025, ahead of Rio Tinto ($14.9B) and Newmont ($11.3B). The top 10 together report $86.9B in operating income; the gap between #1 and #10 is ×5.36. 136 companies in Materials report operating income, 6.4% of the 2135-filer universe. The last place on the list, Commercial Metals, comes in at $108M.

Operating income
#CompanyOperating incomeYoY15-year trend
1BHP GroupBHPAU$19.5B+11.0%
2Rio TintoRIOGB$14.9B−4.6%
3NewmontNEMUS$11.3B+147.8%
4LindeLINGB$8.9B+3.3%
5Southern CopperSCCOUS$7.0B+26.1%
6Freeport-McmoranFCXUS$6.5B−5.0%
7ValeVALEBR$5.9B−45.3%
8CRH PublicCRHIE$5.4B+10.5%
9NutrienNTRCA$3.7B+101.3%
10ArcelormittalMTLU$3.6B+9.6%
11Kinross GoldKGCCA$3.3B+112.8%
12Agnico Eagle MinesAEMCA$2.8B+42.6%
13NucorNUEUS$2.6B−11.5%
14International PaperIPUS$2.4B+14.7%
15Kimberly ClarkKMBUS$2.4B−12.9%
16CF IndustriesCFUS$2.3B+31.7%
17TenarisTSLU$2.3B−5.6%
18CorningGLWUS$2.3B+100.8%
19Howmet AerospaceHWMUS$2.0B+25.3%
20PPG IndustriesPPGUS$2.0B+10.4%
21SuzanoSUZBR$1.9B−34.5%
22AmrizeAMRZCH$1.9B−13.2%
23Smurfit WestRockSWIE$1.7B+70.7%
24Vulcan MaterialsVMCUS$1.6B+18.7%
25Teck ResourcesTECKCA$1.6B+$1.6B
26Wheaton Precious MetalsWPMCA$1.6B+154.8%
27Steel DynamicsSTLDUS$1.5B−24.0%
28Martin Marietta MaterialsMLMUS$1.4B−42.0%
29Franco NevadaFNVCA$1.4B+86.4%
30Pan American SilverPAASCA$1.2B+132.2%
31Harmony Gold MiningHMYZA$1.1B+78.9%
32Packaging Corp of AmericaPKGUS$1.1B+0.5%
33Alamos GoldAGICA$1.1B+95.3%
34IamgoldIAGCA$1.1B+15.8%
35AlcoaAAUS$1.1B+268.2%
36Sonoco ProductsSONUS$1.0B+211.6%
37Carlisle CompaniesCSLUS$1.0B−12.3%
38Mueller IndustriesMLIUS$959M+24.4%
39Avery DennisonAVYUS$925M−3.0%
40Hudbay MineralsHBMCA$917M+129.0%
41RPM InternationalRPMUS$870M+9.8%
42MosaicMOSUS$822M+32.2%
43Graphic PackagingGPKUS$804M−28.2%
44Axalta Coating SystemsAXTAUS$735M+4.1%
45Eldorado GoldEGOCA$727M+73.4%
46Coeur MiningCDEUS$707M+330.6%
47TerniumTXLU$705M−44.2%
48GerdauGGBBR$670M−51.8%
49Solstice Advanced MaterialsSOLSUS$647M−18.8%
50AtiATIUS$641M+5.3%
51CabotCBTUS$621M+1.1%
52Advanced Drainage SystemsWMSUS$619M−5.8%
53Icl GroupICLIL$580M−25.2%
54Eastman ChemicalEMNUS$568M−47.3%
55NewmarketNEUUS$544M−7.8%
56Eagle MaterialsEXPUS$542M−8.4%
57Carpenter TechnologyCRSUS$522M+61.5%
58Hecla MiningHLUS$515M+384.4%
59AptargroupATRUS$501M+0.9%
60Nexa ResourcesNEXALU$498M+80.2%
61EntegrisENTGUS$456M−14.6%
62James Hardie IndustriesJHXIE$448M−31.8%
63CamecoCCJCA$442M+18.8%
64Equinox GoldEQXCA$432M+185.0%
65MethanexMEOHCA$431M+19.1%
66Armstrong World IndustriesAWIUS$431M+15.1%
67IngevityNGVTUS$419M−1.7%
68Fortuna MiningFSMCA$408M+161.5%
69ConstelliumCSTMFR$408M+202.2%
70First Majestic SilverAGCA$397M+$401M
71Reynolds Consumer ProductsREYNUS$393M−12.9%
72Owens CorningOCUS$360M−75.7%
73Aris MiningARISCA$359M+206.0%
74Scotts Miracle-GroSMGUS$359M+71.7%
75Fuller H BFULUS$348M−1.9%
76Element SolutionsESIUS$342M−0.5%
77Westlake Chemical PartnersWLKPUS$320M−18.2%
78BeldenBDCUS$316M+18.5%
79Mdu ResourcesMDUUS$290M+9.3%
80Knife RiverKNFUS$286M−9.6%
81Ero CopperEROCA$271M+148.4%
82Titan AmericaTTAMUS$268M+6.7%
83SylvamoSLVMUS$251M−44.6%
84Tecnoglass HoldingsTGLSUS$231M+1.6%
85BalchemBCPCUS$209M+14.4%
86Sensient TechnologiesSXTUS$207M+8.1%
87AvientAVNTUS$204M−38.2%
88DuPont de NemoursDDUS$200M+70.9%
89Or RoyaltiesORCA$197M+151.2%
90Kaiser AluminumKALUUS$189M+68.3%
91HexcelHXLUS$172M−7.8%
92CSW IndustrialsCSWUS$169M−7.0%
93DrdgoldDRDZA$163M+85.6%
94EnproNPOUS$162M+13.6%
95Century AluminumCENXUS$158M+45.8%
96United States Lime & MineralsUSLMUS$158M+26.4%
97InnospecIOSPUS$130M−27.2%
98CVR PartnersUANUS$129M+42.4%
99Gibraltar IndustriesROCKUS$123M−12.1%
100Commercial MetalsCMCUS$108M−83.1%

All figures from SEC filings · FY2025 · 100

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{{cite web |title=Largest materials companies by operating income |url=https://companiesranked.com/en/largest-materials-companies-by-operating-income |website=CompaniesRanked |date=2026-09-25 |language=en}}

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@misc{companiesranked-en-largest-materials-companies-by-operating-income-2026,
  author       = {{CompaniesRanked}},
  title        = {{Largest materials companies by operating income}},
  year         = {2026},
  howpublished = {\url{https://companiesranked.com/en/largest-materials-companies-by-operating-income}},
  note         = {Compiled from SEC EDGAR XBRL filings; data as of 2026-09-25},
  urldate      = {2026-09-25}
}

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