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U.S. Materials Sector Analysis

UpdatedFeb 11, 2026
DataAggregated Company Financials
Companies462
  • 7D2.5%
  • 3M22.7%
  • 1Y30.4%
  • YTD16.2%

In the last week, the Materials industry is up 2.5%, with Agnico Eagle Mines up 7.4%. During this same period, the Southern Copper underperformed, falling 6.9%. In the last 12 months, the industry was up 30%. Earnings are forecast to grow by 21% annually.

Sector Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Wed, 11 Feb 2026US$2.0tUS$858.1bUS$41.1b25.4x49.4x2.4x
Fri, 09 Jan 2026US$1.8tUS$852.9bUS$45.8b25x39.4x2.1x
Sun, 07 Dec 2025US$1.7tUS$852.8bUS$45.8b22.7x36.5x2x
Tue, 04 Nov 2025US$1.6tUS$847.2bUS$47.6b22.6x34.4x1.9x
Thu, 02 Oct 2025US$1.7tUS$838.8bUS$47.2b24.6x35.9x2x
Sat, 30 Aug 2025US$1.7tUS$837.9bUS$47.3b24.1x35.2x2x
Mon, 28 Jul 2025US$1.6tUS$834.9bUS$48.2b22.9x34x2x
Wed, 25 Jun 2025US$1.6tUS$837.5bUS$48.4b21.8x32.1x1.9x
Fri, 23 May 2025US$1.6tUS$866.1bUS$49.8b20.5x31.2x1.8x
Sun, 20 Apr 2025US$1.5tUS$864.7bUS$55.2b18.9x26.4x1.7x
Tue, 18 Mar 2025US$1.5tUS$867.8bUS$54.0b22.1x28.5x1.8x
Thu, 13 Feb 2025US$1.6tUS$871.7bUS$49.1b20.7x32.6x1.8x
Sat, 11 Jan 2025US$1.5tUS$875.7bUS$49.4b18.3x30.7x1.7x
Mon, 09 Dec 2024US$1.7tUS$876.2bUS$49.7b20.7x33.3x1.9x
Wed, 06 Nov 2024US$1.7tUS$877.6bUS$48.7b21.4x34.1x1.9x
Fri, 04 Oct 2024US$1.7tUS$868.6bUS$50.1b21.1x33.8x1.9x
Sun, 01 Sep 2024US$1.7tUS$870.4bUS$49.8b21.5x33.2x1.9x
Tue, 30 Jul 2024US$1.6tUS$865.9bUS$50.7b20.6x31.8x1.9x
Thu, 27 Jun 2024US$1.5tUS$870.9bUS$50.1b20.2x30.7x1.8x
Sat, 25 May 2024US$1.6tUS$871.5bUS$50.3b21.9x31.7x1.8x
Mon, 22 Apr 2024US$1.6tUS$879.7bUS$52.4b16.4x29.7x1.8x
Wed, 20 Mar 2024US$1.6tUS$880.4bUS$52.5b17.3x29.8x1.8x
Fri, 16 Feb 2024US$1.4tUS$874.9bUS$58.1b19.1x24.7x1.6x
Sun, 14 Jan 2024US$1.5tUS$905.9bUS$63.3b17.6x23.2x1.6x
Tue, 12 Dec 2023US$1.4tUS$906.1bUS$63.4b17x22.4x1.6x
Thu, 09 Nov 2023US$1.3tUS$909.6bUS$64.1b13.9x20.7x1.5x
Sat, 07 Oct 2023US$1.3tUS$894.2bUS$63.5b13.7x20.4x1.4x
Mon, 04 Sep 2023US$1.4tUS$889.8bUS$63.0b14.9x22x1.6x
Wed, 02 Aug 2023US$1.4tUS$914.5bUS$70.4b14.4x20.4x1.6x
Fri, 30 Jun 2023US$1.4tUS$936.1bUS$76.9b13.3x17.9x1.5x
Sun, 28 May 2023US$1.3tUS$934.6bUS$77.1b12.7x16.6x1.4x
Tue, 25 Apr 2023US$1.4tUS$948.3bUS$85.4b12.5x16x1.4x
Thu, 23 Mar 2023US$1.3tUS$952.5bUS$88.3b11.8x14.7x1.4x
Sat, 18 Feb 2023US$1.4tUS$952.8bUS$89.2b11.9x15.6x1.5x
Price to Earnings Ratio

15.6x


Total Market Cap: US$1.4tTotal Earnings: US$89.2bTotal Revenue: US$952.8bTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. Materials Sector Price to Earnings3Y Average 30.7x202420252026
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 49.4x which is higher than its 3-year average PE of 30.7x.
  • The 3-year average PS ratio of 1.9x is lower than the industry's current PS ratio of 2.4x.
Past Earnings Growth
  • The earnings for companies in the Materials industry have declined 23% per year over the last three years,
  • Revenues have also declined 3.4% 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 Market0.99%
Materials2.49%
Paper and Forestry Products8.04%
Packaging8.02%
Basic Materials5.87%
Chemicals2.76%
Metals and Mining0.37%
Industry PE
  • Investors are most optimistic about the Chemicals industry which is trading above its 3-year average PE ratio of 40.3x.
    • Analysts are expecting annual earnings growth of 23.7%, which is higher than its past year's earnings decline of 1.5% per year.
Forecasted Growth
  • Analysts are most optimistic on the Paper and Forestry Products industry, expecting annual earnings growth of 29% 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
AEM Agnico Eagle MinesUS$211.897.4%
+US$7.3b		115.4%PE30.9x
ECL EcolabUS$299.626.1%
+US$4.9b		14.7%PE40.9x
CRH CRHUS$129.155.9%
+US$4.8b		25.4%PE25.4x
NEM NewmontUS$121.533.7%
+US$4.8b		167.2%PE18.4x
AU AngloGold AshantiUS$108.617.8%
+US$4.0b		225.1%PE24.4x

Latest News

CLF
US$12.27
Cleveland-Cliffs
7D
-13.9%
1Y
8.6%
ECL
US$299.62
Ecolab
7D
6.1%
1Y
14.7%
APD
US$290.77
Air Products and Chemicals
7D
4.6%
1Y
-6.0%
SCCO
US$198.90
Southern Copper
7D
-6.9%
1Y
124.1%
AEM
US$211.89
Agnico Eagle Mines
7D
7.4%
1Y
115.4%
HYMC
US$36.65
Hycroft Mining Holding
7D
-12.9%
1Y
1,304.2%
CRH
US$129.15
CRH
7D
5.9%
1Y
25.4%

CRH: Index Additions Will Support Balanced Long Term Return Potential

Analysts have adjusted their price target for CRH slightly higher to US$140.46 from about US$140.00, reflecting updated assumptions around the discount rate, revenue growth, profit margins and future P/E expectations. What's in the News CRH plc (NYSE:CRH) added to the S&P 500 (Index Constituent Adds) CRH plc added to the S&P 500 Value index (Index Constituent Adds) CRH plc added to the S&P Composite 1500 and S&P 500 Materials sector and industry group indices (Index Constituent Adds) CRH plc added to the S&P 500 Ex Financials, Real Estate, Utilities and Transportation Index (Index Constituent Adds) CRH plc added to the S&P Global 1200 and the S&P 500 Equal Weighted index, and dropped from the Russell Small Cap Comp Value Index (Index Constituent Adds and Drops) Valuation Changes Fair Value: Updated fair value estimate moved slightly to US$140.46 from about US$140.00.
MLM
US$708.11
Martin Marietta Materials
7D
6.8%
1Y
33.9%

MLM: Broad Volume Recovery And Infrastructure Demand Will Support Mixed Future Expectations

Analysts nudged their fair value estimate for Martin Marietta Materials up by $4 to $758, citing updated assumptions that include a slightly lower discount rate, adjusted revenue growth and margin expectations, and a higher future P/E multiple, in line with recent mixed but generally supportive price target actions on the stock. Analyst Commentary Recent Street research on Martin Marietta Materials has been mixed, but there is a clear group of bullish analysts highlighting upside drivers tied to execution, pricing power, and capital deployment.
LIN
US$460.51
Linde
7D
-0.7%
1Y
-0.05%
NEM
US$121.53
Newmont
7D
3.7%
1Y
167.2%

NEM: Moderating Gold Prices And Execution Risks Will Likely Pressure Stretched Shares

Analysts have lifted their consolidated price target for Newmont by roughly US$35, reflecting refreshed views on guidance, commodity price assumptions and production expectations highlighted in recent research updates. Analyst Commentary Recent research has centered on refreshed price targets and updated views on Newmont's guidance, commodity assumptions and production outlook.
CTVA
US$74.22
Corteva
7D
-1.1%
1Y
17.9%
FCX
US$63.26
Freeport-McMoRan
7D
-2.2%
1Y
68.3%

FCX: Copper Strength And Grasberg Progress Will Shape Balanced Risk Reward Outlook

Analysts have nudged our fair value estimate for Freeport-McMoRan to $70, reflecting higher assumed revenue growth and profit margins, as well as a lower future P/E multiple that aligns with a series of recent price target increases from major firms and updated views on copper pricing and Grasberg ramp progress. Analyst Commentary Recent Street research around Freeport-McMoRan has skewed constructive, with several bullish analysts lifting price targets and leaning into copper leverage and Grasberg execution as key supports for higher valuation.
SQM
US$70.28
Sociedad Química y Minera de Chile
7D
-11.4%
1Y
86.9%

SQM: Future Returns Will Reflect Lithium Pricing And Codelco Partnership Execution

Analysts have lifted their fair value estimate for Sociedad Química y Minera de Chile to US$74.00 from US$61.44, reflecting updated views on higher revenue growth assumptions, a lower discount rate, a higher future P/E multiple, and recent research that points to firmer lithium pricing and renewed sector interest, despite at least one more cautious broker stance. Analyst Commentary Recent Street research on Sociedad Química y Minera de Chile shows a mix of enthusiasm around lithium pricing and demand, alongside some hesitation about how sustainable that optimism might be for valuation and execution.
AU
US$108.61
AngloGold Ashanti
7D
7.8%
1Y
225.1%

AU: Rising Output And Dividend Will Support A Stronger Outlook

Analysts have made a small upward revision to their price target for AngloGold Ashanti to $132 from $131, reflecting slightly higher assumptions for revenue growth, profit margins, and the P/E they are prepared to use in their models. What's in the News AngloGold Ashanti plc declared an interim dividend of US$0.91 per share for the three months ended 30 September 2025, with the ex dividend and record date on the NYSE set for Friday, 28 November 2025, and payment scheduled for Friday, 12 December 2025 (company announcement).
IP
US$48.00
International Paper
7D
14.1%
1Y
-13.7%

IP: Future Corporate Split And Plant Closures Will Shape Execution Risks

Our updated analyst price target for International Paper moves to US$40.00 from US$42.10, as analysts factor in more conservative assumptions on revenue growth and profit margins, while still recognizing support from recent target moves and rating changes across the Street. Analyst Commentary Recent Street research on International Paper reflects a mix of support and caution, with several firms revisiting their price targets and ratings as they reassess execution risks, industry conditions, and the impact of the planned split on near term visibility.
USAR
US$21.88
USA Rare Earth
7D
-15.7%
1Y
82.8%