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U.S. Chemicals Industry Analysis

UpdatedJun 05, 2026
DataAggregated Company Financials
Companies128
  • 7D-1.5%
  • 3M1.9%
  • 1Y5.4%
  • YTD13.0%

Over the last 7 days, the Chemicals industry has dropped 1.5%, and Corteva contributed the most with a 3.9% decline. This takes the industry's 12 month performance to a gain of 5.4%. Looking forward, earnings are forecast to grow by 17% annually.

Industry Valuation and Performance

Has the U.S. Chemicals Industry valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Fri, 05 Jun 2026US$820.2bUS$360.7bUS$11.6b27.8x70.6x2.3x
Sun, 03 May 2026US$847.1bUS$358.1bUS$9.5b30x89.2x2.4x
Tue, 31 Mar 2026US$826.4bUS$357.0bUS$7.3b27.6x112.8x2.3x
Thu, 26 Feb 2026US$852.1bUS$358.3bUS$7.0b24.4x121x2.4x
Sat, 24 Jan 2026US$788.3bUS$372.0bUS$11.0b25.5x71.6x2.1x
Mon, 22 Dec 2025US$717.9bUS$371.7bUS$11.0b23.9x65.3x1.9x
Wed, 19 Nov 2025US$697.4bUS$371.6bUS$11.0b22.3x63.5x1.9x
Fri, 17 Oct 2025US$742.2bUS$367.8bUS$15.6b26x47.7x2x
Sun, 14 Sep 2025US$794.2bUS$367.7bUS$15.5b25.8x51.3x2.2x
Tue, 12 Aug 2025US$766.5bUS$367.9bUS$15.7b24.6x48.9x2.1x
Thu, 10 Jul 2025US$801.1bUS$376.6bUS$17.9b24x44.7x2.1x
Sat, 07 Jun 2025US$775.9bUS$378.4bUS$18.0b22.1x43x2.1x
Mon, 05 May 2025US$758.7bUS$379.0bUS$18.2b20x41.6x2x
Wed, 02 Apr 2025US$785.0bUS$380.9bUS$23.0b19.9x34.1x2.1x
Fri, 28 Feb 2025US$818.2bUS$380.8bUS$23.4b21.5x34.9x2.1x
Sun, 26 Jan 2025US$824.2bUS$384.4bUS$23.4b22.5x35.2x2.1x
Tue, 24 Dec 2024US$790.2bUS$384.3bUS$23.4b20.3x33.7x2.1x
Thu, 21 Nov 2024US$841.1bUS$385.1bUS$23.8b23.2x35.3x2.2x
Sat, 19 Oct 2024US$905.6bUS$388.6bUS$24.2b26.4x37.4x2.3x
Mon, 16 Sep 2024US$857.8bUS$383.8bUS$23.4b25.6x36.6x2.2x
Wed, 14 Aug 2024US$819.0bUS$384.4bUS$23.8b24.8x34.4x2.1x
Fri, 12 Jul 2024US$801.1bUS$379.9bUS$23.4b26.5x34.2x2.1x
Sun, 09 Jun 2024US$815.2bUS$377.3bUS$23.4b26.7x34.8x2.2x
Tue, 07 May 2024US$816.1bUS$378.3bUS$23.8b22.4x34.3x2.2x
Thu, 04 Apr 2024US$850.3bUS$384.6bUS$25.6b21.6x33.3x2.2x
Sat, 02 Mar 2024US$814.4bUS$384.5bUS$25.5b20x32x2.1x
Mon, 29 Jan 2024US$786.7bUS$397.4bUS$30.9b20.5x25.5x2x
Wed, 27 Dec 2023US$811.0bUS$398.4bUS$31.6b21.9x25.7x2x
Fri, 24 Nov 2023US$766.9bUS$398.8bUS$31.6b19x24.2x1.9x
Sun, 22 Oct 2023US$720.3bUS$412.0bUS$31.3b15.2x23x1.7x
Tue, 19 Sep 2023US$774.6bUS$412.0bUS$31.2b16.7x24.8x1.9x
Thu, 17 Aug 2023US$772.7bUS$412.0bUS$31.2b15x24.8x1.9x
Sat, 15 Jul 2023US$819.6bUS$444.3bUS$39.1b13.9x21x1.8x
Mon, 12 Jun 2023US$780.0bUS$444.6bUS$39.1b13x20x1.8x
Price to Earnings Ratio

20x


Total Market Cap: US$780.0bTotal Earnings: US$39.1bTotal Revenue: US$444.6bTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. Chemicals Industry Price to Earnings3Y Average 49x202420252026
Current Industry PE
  • Investors are optimistic on the American Chemicals industry, and appear confident in long term growth rates.
  • The industry is trading at a PE ratio of 70.6x which is higher than its 3-year average PE of 49.0x.
  • The industry is trading close to its 3-year average PS ratio of 2.5x.
Past Earnings Growth
  • The earnings for companies in the Chemicals industry have declined 33% per year over the last three years,
  • Revenues have also declined 6.7% 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 industry?

US Market-0.11%
Materials-0.37%
Chemicals-1.47%
Industrial Gases0.80%
Commodity Chemicals-2.16%
Specialty Chemicals-2.47%
Fertilizers and Agricultural Chemicals-4.02%
Diversified Chemicals-5.99%
Industry PE
  • Investors are most optimistic about the Fertilizers and Agricultural Chemicals industry which is trading above its 3-year average PE ratio of 26.0x.
    • Analysts are expecting annual earnings growth of 14.4%, which is higher than its past year's earnings growth of 9.6% per year.
Forecasted Growth
  • Analysts are most optimistic on the Diversified Chemicals industry, expecting annual earnings growth of 75% over the next 5 years.
  • In contrast, the Industrial Gases industry is expected to see its earnings grow by 9.8% 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
LIN LindeUS$507.451.1%
+US$2.5b		7.9%PE33.1x
AXTA Axalta Coating SystemsUS$31.775.2%
+US$338.1m		4.8%PE18.4x
PCT PureCycle TechnologiesUS$13.958.4%
+US$195.3m		42.6%PS231.4x
FTK Flotek IndustriesUS$24.8221.2%
+US$157.0m		71.6%PE30.1x
CF CF Industries HoldingsUS$117.520.9%
+US$156.7m		27.4%PE10.3x

Latest News

NEU
US$794.60
NewMarket
7D
1.0%
1Y
24.3%
Seeking Alpha • 5h

NewMarket: Still Attractive After Its Share Price Run

Summary NewMarket continues to deliver robust free cash flow, maintaining a ~7% yield despite a challenging market and a 7% volume drop in Q1. NEU's Q1 revenue fell 5% to $680M, but disciplined cost control limited gross profit impact. Q1 EPS was $12.62, down 5% year-over-year. Shareholder rewards were front-loaded with $28M in dividends and $125M in buybacks, but net debt remains manageable at $867M. I maintain a "buy" rating on NEU, citing resilient cash flow, attractive yield, and a strong balance sheet, despite rising interest expense risks. Read the full article on Seeking Alpha
ECL
US$254.33
Ecolab
7D
-2.3%
1Y
-4.7%
CE
US$53.97
Celanese
7D
1.3%
1Y
-1.0%
ALB
US$165.65
Albemarle
7D
-6.1%
1Y
182.5%
IFF
US$73.23
International Flavors & Fragrances
7D
-6.2%
1Y
-4.2%
SHW
US$300.09
Sherwin-Williams
7D
-1.7%
1Y
-16.1%
PCT
US$13.95
PureCycle Technologies
7D
8.4%
1Y
42.6%
FTK
US$24.82
Flotek Industries
7D
21.2%
1Y
71.6%
Narrative Update • Jun 04

FTK: 2026 Revenue Guidance And Revised Assumptions Shape Balanced Outlook

Analysts have raised their price target on Flotek Industries from $22.00 to $25.00, citing updated assumptions for fair value, discount rate, revenue growth, profit margin and future P/E, which collectively point to a higher estimated worth for the stock. What's in the News Flotek Industries issued earnings guidance for 2026, with expected total revenue in a range of US$270 million to US$290 million.
LIN
US$507.45
Linde
7D
1.1%
1Y
7.9%
SQM
US$77.69
Sociedad Química y Minera de Chile
7D
-7.6%
1Y
140.5%
LYB
US$66.18
LyondellBasell Industries
7D
-3.2%
1Y
19.0%
Narrative Update • Jun 02

LYB: Tight Polyethylene Supply And Buybacks Are Expected To ReRate Shares

Analysts have lifted the fair value estimate for LyondellBasell Industries to $98 from $90 as recent upgrades and higher price targets point to support from tight polyethylene supply, elevated polyethylene prices, and expectations for stronger margins in the chemicals group. Analyst Commentary Recent Street research around LyondellBasell has tilted more constructive as bullish analysts highlight tighter polyethylene supply, higher pricing, and the potential for stronger margins in the chemicals group.
CTVA
US$77.46
Corteva
7D
-3.9%
1Y
8.8%
Narrative Update • May 31

CTVA: SpinCo Separation And Biofungicide Collaboration Will Reshape Future Earnings Mix

The analyst price target for Corteva is updated to $89.90 from $86.05 as analysts note that the market is treating "New Corteva" like a no-growth commodity chemical company. They instead highlight expectations for a healthier standalone growth profile, modestly higher profit margins, and a slightly lower assumed future P/E multiple.
CF
US$117.52
CF Industries Holdings
7D
0.9%
1Y
27.4%
ASPI
US$7.97
ASP Isotopes
7D
2.6%
1Y
-9.0%
Seeking Alpha • May 28

ASP Isotopes: The Long Road From Isotopes To Income

Summary ASP Isotopes (ASPI) is rated Sell due to premature growth narrative, high capital intensity, and heavy execution risk versus current $6.89 share price. My DCF valuation implies a $2.40 fair value, reflecting the need for ASPI to prove commercial scale, margin conversion, and financing capacity. Recent business updates show segment progress—radiopharma leads revenue, Si-28 and Yb-176 shipments targeted for 2026, and Renergen Phase 1 drilling completed early. Despite $290.5M liquidity, ASPI faces negative cash flow, widening losses, and a 25% probability of failure, making current risk-reward unattractive. Read the full article on Seeking Alpha
AXTA
US$31.77
Axalta Coating Systems
7D
5.2%
1Y
4.8%
Narrative Update • May 23

AXTA: Merger Synergies And Margin Expansion Will Support Repriced Expectations

Axalta Coating Systems' updated analyst price target moves from $36.86 to $35.21 as analysts reset expectations following a series of recent target cuts and a lower assumed future P/E multiple, even as their models incorporate modestly higher revenue growth and profit margins, alongside a slightly reduced discount rate. Analyst Commentary Recent Street research on Axalta Coating Systems has been skewed toward lower price targets and at least one downgrade, which lines up with the reduced consolidated target of $35.21.
ICL
US$5.89
ICL Group
7D
-12.7%
1Y
-12.4%
Analysis Article • May 20

Some May Be Optimistic About ICL Group's (NYSE:ICL) Earnings

Shareholders appeared unconcerned with ICL Group Ltd's ( NYSE:ICL ) lackluster earnings report last week. We did some...