CompaniesRanked

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

Materials companies with the highest free cash flow

Free cash flow is operating cash flow minus capital expenditure: what is left once the company has paid to maintain and expand its asset base. We calculate it from two lines in the same filing, and a company is only ranked here if it reported both. 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 132 · Fiscal year 2025 · Data as of September 25, 2026

Vale (VALE) tops the list with $21.8B in free cash flow for fiscal 2025, ahead of BHP Group ($9.3B) and Newmont ($7.3B). The top 10 together report $64.5B in free cash flow; the gap between #1 and #10 is ×8.51. 132 companies in Materials report free cash flow, 6.3% of the 2084-filer universe. The last place on the list, Worthington Steel, comes in at $80.0M.

Free cash flow
#CompanyFree cash flowYoY15-year trend
1ValeVALEBR$21.8B+494.4%
2BHP GroupBHPAU$9.3B−21.6%
3NewmontNEMUS$7.3B+146.5%
4LindeLINGB$5.1B+3.3%
5Agnico Eagle MinesAEMCA$4.4B+105.3%
6Barrick MiningBCA$3.9B+193.7%
7Anglogold AshantiAUUS$3.8B—
8Southern CopperSCCOUS$3.4B+1.0%
9CRH PublicCRHIE$2.9B+20.8%
10Kinross GoldKGCCA$2.6B+87.2%
11SuzanoSUZBR$2.4B+14.7%
12NutrienNTRCA$2.1B+40.7%
13CF IndustriesCFUS$1.8B+2.8%
14Kimberly ClarkKMBUS$1.6B−34.8%
15Franco NevadaFNVCA$1.5B+79.8%
16Howmet AerospaceHWMUS$1.4B+46.5%
17AmrizeAMRZCH$1.4B−13.4%
18CorningGLWUS$1.4B+45.1%
19Smurfit WestRockSWIE$1.2B+6,958.8%
20PPG IndustriesPPGUS$1.2B+66.4%
21Vulcan MaterialsVMCUS$1.1B+40.8%
22Freeport-McmoranFCXUS$1.1B−52.6%
23Pan American SilverPAASCA$1.0B+154.1%
24Martin Marietta MaterialsMLMUS$978M+61.9%
25Carlisle CompaniesCSLUS$971M+5.8%
26Owens CorningOCUS$962M−22.7%
27MethanexMEOHCA$917M+44.1%
28IamgoldIAGCA$849M+$922M
29CelaneseCEUS$803M+51.2%
30CamecoCCJCA$770M+51.9%
31Packaging Corp of AmericaPKGUS$729M+39.7%
32Avery DennisonAVYUS$712M−2.4%
33AlbemarleALBUS$692M+$1.7B
34Mueller IndustriesMLIUS$687M+21.4%
35RPM InternationalRPMUS$675M+25.4%
36Coeur MiningCDEUS$666M+$675M
37Harmony Gold MiningHMYZA$604M+52.7%
38Advanced Drainage SystemsWMSUS$569M+54.5%
39AlcoaAAUS$567M+1,250.0%
40Steel DynamicsSTLDUS$502M+$525M
41NewmarketNEUUS$491M+6.3%
42First Majestic SilverAGCA$464M+251.6%
43Graphic PackagingGPKUS$462M−$319M
44Axalta Coating SystemsAXTAUS$453M+3.9%
45Eastman ChemicalEMNUS$424M−38.4%
46EntegrisENTGUS$396M+25.3%
47CabotCBTUS$391M−13.3%
48Lyondellbasell IndustriesLYBUS$384M−80.6%
49Sonoco ProductsSONUS$346M−21.5%
50AtiATIUS$334M+98.5%
51Reynolds Consumer ProductsREYNUS$316M−14.4%
52Commercial MetalsCMCUS$312M−45.7%
53Hecla MiningHLUS$310M+8,096.8%
54AptargroupATRUS$300M−18.4%
55Alamos GoldAGICA$288M+18.4%
56Carpenter TechnologyCRSUS$286M+60.5%
57Scotts Miracle-GroSMGUS$274M−53.1%
58IngevityNGVTUS$274M+436.3%
59International Flavors & FragrancesIFFUS$256M−57.8%
60OlinOLNUS$248M−19.5%
61Armstrong World IndustriesAWIUS$246M+33.8%
62Or RoyaltiesORCA$246M—
63Hudbay MineralsHBMCA$241M−24.6%
64GerdauGGBBR$234M−77.5%
65Element SolutionsESIUS$228M−22.5%
66DuPont de NemoursDDUS$227M−52.7%
67BeldenBDCUS$219M−1.9%
68Perimeter SolutionsPRMUS$209M+20.7%
69James Hardie IndustriesJHXIE$206M−45.9%
70Westlake Chemical PartnersWLKPUS$202M−53.8%
71Eagle MaterialsEXPUS$197M−44.1%
72AvientAVNTUS$195M+44.6%
73Worthington EnterprisesWORUS$170M+6.9%
74O-I GlassOIUS$168M+$296M
75BalchemBCPCUS$167M−28.1%
76EnproNPOUS$159M+19.0%
77ConstelliumCSTMFR$159M+$271M
78HexcelHXLUS$157M−22.5%
79Trekor MetalsTGBCA$135M+82.9%
80Titan AmericaTTAMUS$135M+19.8%
81CSW IndustrialsCSWUS$132M−13.0%
82Ero CopperEROCA$132M+$316M
83Aris MiningARISCA$129M+$169M
84Compass Minerals InternationalCMPUS$128M+$228M
85Equinox GoldEQXCA$126M+$166M
86Fuller H BFULUS$121M−25.7%
87Gibraltar IndustriesROCKUS$121M−23.1%
88Solstice Advanced MaterialsSOLSUS$119M−78.2%
89HuntsmanHUNUS$116M+46.8%
90Allied GoldAAUCCA$106M+$174M
91United States Lime & MineralsUSLMUS$102M+3.7%
92Quanex Building ProductsNXUS$102M+97.7%
93CVR PartnersUANUS$98.8M−12.9%
94Apogee EnterprisesAPOGUS$95.2M+6.2%
95Mativ HoldingsMATVUS$93.8M+135.7%
96InnospecIOSPUS$88.0M−38.5%
97Minerals TechnologiesMTXUS$86.6M−41.0%
98Century AluminumCENXUS$84.8M+$192M
99WD 40WDFCUS$83.4M−5.0%
100Worthington SteelWSUS$80.0M−19.9%

All figures from SEC filings · FY2025 · 100

see sources

Download this data as a CSV →

Embed this table

Free to use on any site. The table updates itself whenever the data is rebuilt — you paste it once. The only condition is that you keep the credit line below the table, so readers can reach the source.

<iframe src="https://companiesranked.com/embed/en/materials-companies-with-the-highest-free-cash-flow" title="Materials companies with the highest free cash flow" width="100%" height="478" loading="lazy" style="max-width:680px;border:1px solid #e5e2dc;border-radius:6px"></iframe>
<p style="max-width:680px;font:13px system-ui,sans-serif">Source: <a href="https://companiesranked.com/en/materials-companies-with-the-highest-free-cash-flow">Materials companies with the highest free cash flow</a> — CompaniesRanked, compiled from SEC EDGAR filings</p>

Open the embed on its own →

Cite this page

Ready-made references for the figures on this page, as published on September 25, 2026.

Wikipedia

{{cite web |title=Materials companies with the highest free cash flow |url=https://companiesranked.com/en/materials-companies-with-the-highest-free-cash-flow |website=CompaniesRanked |date=2026-09-25 |language=en}}

APA 7

CompaniesRanked. (September 25, 2026). Materials companies with the highest free cash flow. CompaniesRanked. https://companiesranked.com/en/materials-companies-with-the-highest-free-cash-flow

BibTeX

@misc{companiesranked-en-materials-companies-with-the-highest-free-cash-flow-2026,
  author       = {{CompaniesRanked}},
  title        = {{Materials companies with the highest free cash flow}},
  year         = {2026},
  howpublished = {\url{https://companiesranked.com/en/materials-companies-with-the-highest-free-cash-flow}},
  note         = {Compiled from SEC EDGAR XBRL filings; data as of 2026-09-25},
  urldate      = {2026-09-25}
}

The figures are rebuilt with every data refresh, so the reference carries the publication date. Add your own access date if your style requires one.

Companies with the highest free cash flow →

By sector

By country