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U.S. Materials Sector Analysis

UpdatedDec 12, 2025
DataAggregated Company Financials
Companies453
  • 7D2.6%
  • 3M1.8%
  • 1Y8.0%
  • YTD16.6%

The Materials industry is up 2.6% in the last week, with Newmont up 9.6%. In the same time, Air Products and Chemicals was down 6.8%. This means that the industry has gained 8.0% over the past year. As for the next few years, earnings are expected to grow by 20% per annum.

Sector Valuation and Performance

Has the U.S. Materials Sector valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Fri, 12 Dec 2025US$1.7tUS$852.8bUS$45.9b23.5x36.6x2x
Sun, 09 Nov 2025US$1.6tUS$851.2bUS$45.5b22.9x35.3x1.9x
Tue, 07 Oct 2025US$1.7tUS$835.9bUS$47.0b24.3x36.2x2x
Thu, 04 Sep 2025US$1.7tUS$837.9bUS$47.3b23.6x35.1x2x
Sat, 02 Aug 2025US$1.6tUS$842.5bUS$47.5b20.8x32.8x1.8x
Mon, 30 Jun 2025US$1.6tUS$837.4bUS$48.4b22.1x32.2x1.9x
Wed, 28 May 2025US$1.5tUS$852.8bUS$47.6b21.2x32x1.8x
Fri, 25 Apr 2025US$1.5tUS$865.4bUS$56.5b19.7x26x1.7x
Sun, 23 Mar 2025US$1.5tUS$869.1bUS$53.9b21.4x28.5x1.8x
Tue, 18 Feb 2025US$1.6tUS$870.1bUS$49.6b21.2x32.5x1.9x
Thu, 16 Jan 2025US$1.5tUS$873.2bUS$49.2b19.8x31.4x1.8x
Sat, 14 Dec 2024US$1.6tUS$876.2bUS$49.7b21.3x32.6x1.9x
Mon, 11 Nov 2024US$1.7tUS$878.4bUS$50.3b21.9x33.7x1.9x
Wed, 09 Oct 2024US$1.7tUS$875.6bUS$50.5b21.2x33.4x1.9x
Fri, 06 Sep 2024US$1.6tUS$870.6bUS$49.8b20.9x32x1.8x
Sun, 04 Aug 2024US$1.6tUS$870.9bUS$50.0b20.1x31.6x1.8x
Tue, 02 Jul 2024US$1.5tUS$873.5bUS$50.1b19.6x30.8x1.8x
Thu, 30 May 2024US$1.6tUS$871.4bUS$50.3b21.3x31.9x1.8x
Sat, 27 Apr 2024US$1.6tUS$879.2bUS$51.8b16.7x30.3x1.8x
Mon, 25 Mar 2024US$1.6tUS$880.3bUS$52.1b17.4x30.5x1.8x
Wed, 21 Feb 2024US$1.5tUS$874.5bUS$56.2b19.1x26.1x1.7x
Fri, 19 Jan 2024US$1.4tUS$905.6bUS$63.6b17.6x22.6x1.6x
Sun, 17 Dec 2023US$1.5tUS$906.1bUS$63.0b17.8x23.4x1.6x
Tue, 14 Nov 2023US$1.3tUS$908.4bUS$63.7b14.8x20.9x1.5x
Thu, 12 Oct 2023US$1.3tUS$894.2bUS$63.5b13.6x20.7x1.5x
Sat, 09 Sep 2023US$1.3tUS$889.7bUS$62.9b13.5x21.4x1.5x
Mon, 07 Aug 2023US$1.4tUS$889.4bUS$63.6b14.7x21.8x1.6x
Wed, 05 Jul 2023US$1.4tUS$936.0bUS$76.9b13.9x18.1x1.5x
Fri, 02 Jun 2023US$1.3tUS$934.7bUS$77.1b12.5x16.5x1.4x
Sun, 30 Apr 2023US$1.4tUS$937.3bUS$81.9b12.7x16.6x1.4x
Tue, 28 Mar 2023US$1.3tUS$952.2bUS$86.6b12.1x15.2x1.4x
Thu, 23 Feb 2023US$1.4tUS$950.6bUS$87.6b12x15.6x1.4x
Sat, 21 Jan 2023US$1.4tUS$967.2bUS$95.5b11.6x14.7x1.5x
Mon, 19 Dec 2022US$1.3tUS$967.3bUS$95.6b10.6x13.7x1.4x
Price to Earnings Ratio

13.7x


Total Market Cap: US$1.3tTotal Earnings: US$95.6bTotal Revenue: US$967.3bTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. Materials Sector Price to Earnings3Y Average 29.2x202320242025
Current Industry PE
  • Investors are optimistic on the American Materials industry, and appear confident in long term growth rates.
  • The industry is trading at a PE ratio of 36.6x which is higher than its 3-year average PE of 29.2x.
  • The industry is trading close to its 3-year average PS ratio of 1.9x.
Past Earnings Growth
  • The earnings for companies in the Materials industry have declined 22% per year over the last three years,
  • Revenues have also declined 4.1% per year.
  • This means overall sales from these companies are declining and profits are subsequently falling as well.

Industry Trends

Which industries have driven the changes within the U.S. Materials sector?

US Market0.71%
Materials2.60%
Paper and Forestry Products6.05%
Metals and Mining4.86%
Basic Materials3.63%
Packaging1.37%
Chemicals0.58%
Industry PE
  • Investors are most optimistic about the Chemicals industry which is trading above its 3-year average PE ratio of 37.3x.
    • Analysts are expecting annual earnings growth of 23.4%, which is higher than its past year's earnings decline of 8.2% per year.
Forecasted Growth
  • Analysts are most optimistic on the Paper and Forestry Products industry, expecting annual earnings growth of 31% over the next 5 years.
  • This is better than its past earnings decline of 41% per year.
  • In contrast, the Basic Materials industry is expected to see its earnings grow by 11% per year over the next few years.

Top Stock Gainers and Losers

Which companies have driven the market over the last 7 days?

CompanyLast Price7D1YValuation
NEM NewmontUS$99.429.6%
+US$9.5b		139.2%PE15.1x
SCCO Southern CopperUS$147.635.5%
+US$6.3b		50.7%PE31.6x
FCX Freeport-McMoRanUS$48.117.8%
+US$5.0b		14.3%PE33.5x
CRH CRHUS$126.994.9%
+US$4.0b		28.9%PE25x
ALB AlbemarleUS$134.5913.0%
+US$1.8b		30.3%PS3.2x

Latest News

HL
US$19.35
Hecla Mining
7D
15.0%
1Y
249.9%

Revenues Not Telling The Story For Hecla Mining Company (NYSE:HL) After Shares Rise 31%

Dec 12
Revenues Not Telling The Story For Hecla Mining Company (NYSE:HL) After Shares Rise 31%
SCCO
US$147.63
Southern Copper
7D
5.5%
1Y
50.7%
IFF
US$63.25
International Flavors & Fragrances
7D
-4.9%
1Y
-28.2%
SHW
US$329.30
Sherwin-Williams
7D
-1.8%
1Y
-10.2%

SHW: Pricing Power And Margin Discipline Will Drive Upside Through Macro Volatility

The analyst price target for Sherwin-Williams has been modestly increased to about $386 from roughly $386, as analysts balance cautious views on a challenging macro environment and uneven end markets with support from select target raises and an unchanged long-term earnings multiple outlook. Analyst Commentary Recent research updates on Sherwin-Williams reflect a mixed but generally constructive stance, with modest target changes capturing both improving company specific execution and ongoing macro uncertainty across key end markets.
MP
US$60.01
MP Materials
7D
-2.9%
1Y
206.2%
SQM
US$65.02
Sociedad Química y Minera de Chile
7D
7.2%
1Y
65.4%

SQM: Future Returns Will Reflect Lithium Demand And Codelco Partnership Terms

Analysts have modestly raised their average price target on Sociedad Química y Minera de Chile, lifting fair value from about $56.66 to $61.44 as they factor in firmer lithium price expectations, improving demand forecasts, and a potential narrowing of the company’s valuation discount once the Codelco joint venture structure is clarified. Analyst Commentary Street research on Sociedad Química y Minera de Chile reflects a mixed but gradually improving outlook, with higher long term lithium price assumptions supporting upside potential while near term execution and policy risks keep some investors on the sidelines.
FCX
US$48.11
Freeport-McMoRan
7D
7.8%
1Y
14.3%

FCX: Higher Copper Prices Will Gradually Balance Grasberg Disruption And Policy Support Risks

Analysts have nudged their blended price target for Freeport McMoRan slightly higher to about $48.50 from roughly $47.90. This reflects a wave of recent upgrades and higher copper and gold price assumptions that more than offset lingering concerns around Grasberg related production cuts and macro headwinds.
AEM
US$170.40
Agnico Eagle Mines
7D
-0.6%
1Y
100.0%

AEM: Geopolitical Uncertainty And Gold Rally Will Drive Future Upside

Analysts have nudged their price target for Agnico Eagle Mines higher, reflecting an improved fair value estimate of about $195 per share. This is driven by more constructive assumptions on revenue growth, margins, and sustained support from higher gold price forecasts and sector tailwinds.
ECL
US$261.33
Ecolab
7D
-1.2%
1Y
5.0%

Ecolab's (NYSE:ECL) Shareholders Will Receive A Bigger Dividend Than Last Year

Dec 08
Ecolab's (NYSE:ECL) Shareholders Will Receive A Bigger Dividend Than Last Year
ALB
US$134.59
Albemarle
7D
13.0%
1Y
30.3%
APD
US$243.73
Air Products and Chemicals
7D
-6.8%
1Y
-21.6%

APD: Decarbonization Projects Will Drive Future Earnings Confidence Despite Turnaround Uncertainty

Analysts have reduced their average price target for Air Products and Chemicals by about $2 to roughly $309, reflecting slightly softer assumptions for growth and margins, even as they highlight ongoing earnings potential from the company’s decarbonization initiatives and turnaround efforts. Analyst Commentary Recent research updates reflect a mixed but generally constructive view on Air Products and Chemicals, with valuation expectations coming down modestly while longer term growth drivers, especially in decarbonization, remain a key focus.
CRH
US$126.99
CRH
7D
4.9%
1Y
28.9%
NEM
US$99.42
Newmont
7D
9.6%
1Y
139.2%

NEM: Shares Will Rise On Constructive Gold Cycle And Acquisition Ambitions

Analysts have nudged our Newmont fair value estimate modestly higher to approximately $105, reflecting a series of higher Street price targets, stronger expected revenue growth and margins, and sustained optimism around gold and broader metals pricing, despite a still challenging macro backdrop. Analyst Commentary Recent Street research for Newmont has skewed overwhelmingly positive, with multiple upward price target revisions and several rating upgrades clustered in a short time frame.
RGLD
US$218.52
Royal Gold
7D
7.6%
1Y
45.4%

RGLD: Recent Acquisitions And Precious Metals Rally Will Support Stronger Returns

Royal Gold’s analyst price target has increased slightly to $248.55. Analysts cite portfolio enhancements, ongoing M&A momentum, and supportive market conditions as key factors behind their updated outlook.
ATR
US$118.01
AptarGroup
7D
-3.3%
1Y
-31.2%

ATR: Share Buyback and Expanded Pharma Partnerships Will Drive Future Upside

Analysts have slightly raised their price target for AptarGroup to $161.43, citing a modest increase in expected profit margins as well as an updated outlook on revenue growth and future price-to-earnings ratios. What's in the News Between July and September 2025, AptarGroup completed the repurchase of over 1.5 million shares for approximately $227.34 million as part of its ongoing buyback program (Company Filing).
CCK
US$95.95
Crown Holdings
7D
-2.6%
1Y
8.9%

CCK: Share Repurchases Will Drive Improved Profit Margins And Valuation

Analysts have slightly raised their price target for Crown Holdings to $121.50 per share, citing modest improvements in projected profit margin and future price-to-earnings ratio, even though there is a small decline in anticipated revenue growth. What's in the News Between July 1, 2025 and September 30, 2025, Crown Holdings repurchased 1,097,904 shares for $104.96 million, representing 0.95% of shares.