November 2026
Largest Building Materials Public Companies
Benchmark revenue and EBITDA valuation multiples for public comps like
CRH, Holcim, UltraTech Cement, Martin Marietta Materials and Vulcan Materials.
 | CRH is a global building materials group headquartered in Dublin, Ireland and New York, which moved its primary stock listing to the New York Stock Exchange in June 2023. It was formed on 20 October 1970 through the merger of Cement Limited and Roadstone Limited and listed on the Irish Stock Exchange in 1973. It operates through CRH Americas, covering materials and building solutions across 48 US states and 7 Canadian provinces, and CRH International, with operations in Europe, Australia and the Philippines, from about 3,961 locations in 28 countries. For 2025 it reported revenue of US$37.4 billion and net income of US$3.75 billion with about 83,000 employees, and it earns revenue from aggregates, cement, asphalt, ready-mixed concrete and building products. Its acquisitions include the EUR 6.5 billion Lafarge and Holcim assets in 2015, which included Tarmac in the UK, and Ash Grove Cement for US$3.5 billion in 2018. Jim Mintern is chief executive. | $98 | -19% | $65B | $83B | 2.2x | 10.9x | ||
 | Holcim is a manufacturer of Building Materials and Building Solutions that are used across the built environment, from infrastructure and industry to buildings. Over 50% of group sales are generated in Europe, with its largest markets being France, UK, Mexico and Australia. Holcim's low-carbon brands, ECOPact and ECOPlanet, account for over one-third of its cement and concrete sales. | $91 | -2% | $50B | $60B | 3.2x | 21.5x | ||
 | UltraTech Cement Ltd produces and sells cement and cement-related products. The company generates the vast majority of its revenue in India. The company's product portfolio includes Ordinary Portland cement, Portland blast-furnace slag cement, and Portland Pozzolana cement. Ordinary Portland cement is used for a wide range of applications including concrete products, masonry, and plastering. The firm's customers are in the building and construction industries. Geographically, it operates in India as well as in other countries, of which India derives key revenue. | $131 | +1% | $38B | $41B | 4.4x | 22.7x | ||
 | Martin Marietta is a leading US producer of construction aggregates, having produced roughly 200 million tons in 2025. Its aggregate reserves represent approximately 85 years of supply at 2025 production levels. Over the past several years, the company has increased its exposure to aggregates while reducing its presence in cement and downstream businesses such as concrete and asphalt. More recently, Martin Marietta expanded into an aggregate-adjacent business through its acquisition of Lhoist North America, the largest US producer of lime. The company operates across 28 states, with smaller operations in Canada and the Bahamas. | $531 | -15% | $38B | $51B | 8.3x | 24.3x | ||
| Vulcan Materials is the largest producer of construction aggregates in the US. The company produced around 228 million tons of aggregates in 2025 and has 16.6 billion tons of proven and probable reserves, equivalent to roughly 83 years of supply at current production levels. Over the past several years, Vulcan has increasingly focused its portfolio on aggregates while reducing its exposure to downstream businesses such as ready-mix concrete and asphalt. The company operates across 23 US states, with additional operations in Mexico. | $289 | -3% | $37B | $42B | 5.3x | 18.1x | ||
 | Heidelberg Materials is one of the world’s largest building materials companies, with operations in 60 countries. Its core activities include the production of cement and aggregates, which are used to construct houses, infrastructure, and commercial facilities. The sale of cement and aggregates accounts for the majority of group revenue and profits. Europe is the company’s largest market contributing nearly half of group sales. Heidelberg Materials is listed in Germany and has 55,000 employees. | $194 | -24% | $34B | $42B | 1.8x | 8.5x | ||
| Grasim Industries Ltd is a cement and viscose staple fibre (VSF) manufacturing firm based in India. The activities of the group fall under the operating segments of Cellulosic Fibres, Chemicals, Building materials, Financial Services, and Others. It derives key revenue from the Building materials segment which covers products like grey cement, paints, white cement, and allied products. Geographically, the company derives a majority of its revenue from the domestic market and the rest from other countries through exports. | $34 | +10% | $23B | $51B | 2.7x | 18.9x | ||
| Amrize is a North America-focused building solutions company formed in 2025 following its spinoff from Holcim. Its product portfolio spans cement, aggregates, ready-mix concrete, asphalt, roofing, and wall systems. It serves the infrastructure, commercial, and residential construction markets. | $43 | -17% | $23B | $30B | 2.5x | 10.5x | ||
| James Hardie is a manufacturer of fiber cement-based building products, selling primarily to the residential construction industry. North America is the primary geography, generating about 80% of group earnings. Here, it is the largest manufacturer of fiber cement, which is mainly used for exterior siding on houses. Following the Azek acquisition in 2025, it also produces wooden composite decking materials, siding trims, and accessories for outdoor areas, including stair and deck railing. Businesses in Australia, New Zealand, and Europe make up the rest of its earnings. | $30 | +51% | $17B | $21B | 4.4x | 22.9x | ||
 | Cemex SAB de CV is a ready-mix concrete company that mainly engaged in activities that are oriented to the construction industry, mainly through the production, marketing, sale, and distribution of cement, ready-mix concrete, aggregates, urbanization solutions, and other construction materials and also provide related services and reliable construction-related services to customers and communities and maintain business relationships in more than 60 countries throughout the world. The company operates in different parts of the world, with operations in Mexico, the United States, the EMEA region and the SCA&C region. | $1 | +5% | $16B | $21B | 1.3x | 8.4x | ||
 | Anhui Conch Cement mainly engages in the production and sale of cement, clinker, and concrete in China. The company was established in 1997 and headquartered in Anhui province. With annual cement production capacity of over 400 million metric tons in 2024, the firm is the second-largest cement manufacturer in China. Sales of self-produced products contribute to about 80% of its revenue, with the remainder mainly from the trading business and service income. | $3 | -14% | $14B | $13B | 1.1x | 4.9x | ||
| Ambuja Cements Ltd manufactures and sells cement, concrete, and cement-related products to the building and construction industries. The company's portfolio of products includes Portland Pozolona cement and ordinary Portland cement. The vast majority of the firm's revenue is generated in India. Ambuja Cements has operations throughout India and uses a network of ports, bulk cement terminals, captive ships, and railroads to transport its products to both warehouses and directly to customers. The company also has a technical services team that partners with customers to teach concrete mixing and curing techniques. | $4 | -33% | $10B | $12B | 2.7x | 16.5x | ||
 | Posco Future M is in the business of coal chemistry and carbon materials. Its key business includes refractory manufacture and sale, furnace construction and maintenance, lime business, environmental business, comprehensive chemicals, carbon materials, and secondary battery anode materials, among others. The group operates in two segments: Basic Materials Division, which includes Refractory Business, Lime Mars Business, and Energy Materials Division, which includes the manufacture and sale of cathode and cathode materials. It generates the majority of its revenue from the Energy Materials Division. | $114 | -19% | $10B | $13B | 6.0x | 75.5x | ||
 | BlueScope is an Australia-based steelmaker with five business units. The Australian steel products segment mainly specializes in branded coated and painted flat steel products, sold domestically. North Star is the group’s US minimill, specializing in the production of hot rolled coil for US construction and automotive sectors. Building products Asia operates across Southeast Asia, China, and India, and the US building and coated products North America is involved in metal coating and painting, and the supply to nonresidential construction projects using BlueScope’s materials. New Zealand steel and the Pacific Islands business produces flat and long steel products for New Zealand and building components for the Pacific Islands. | $22 | +39% | $9.6B | $10B | 0.9x | 8.0x | ||
| Shree Cement Ltd manufactures and sells cement and cement-related products to the building and construction industries. It derives revenue from cement, clinker, and power sales, of which cement products contribute majorly to the revenue. The cement products are offered under the brands Shree Jung Rodhak and Bangur. Geographically, the company's majority of the revenue is generated within India. | $264 | -11% | $9.5B | $8.9B | 4.1x | 16.5x | ||
 | Buzzi is a family-owned producer of cement, ready-mixed concrete, and aggregates, with operations concentrated in the US, Mexico, Brazil, Central & Eastern Europe, and the UAE. The company ranks among the top five players by market share in both Germany and Italy, while the US remains its largest market by both sales and EBITDA contribution. Buzzi's business is concentrated predominantly in cement and ready mix, with cement generating roughly 70% of group sales. | $47 | -23% | $8.3B | $7.4B | ||||
 | BUA Cement PLC is engaged in the manufacturing and sale of cement to the general public. The company generates revenue from the sale of bagged cement and sale of bulk cement. Geographically the company generates the majority of its revenue in Nigeria. | $0 | +100% | $7.5B | $7.8B | ||||
 | Rockwool AS manufactures and sells building materials, including insulation and roofing systems. The company organizes itself into two segments based on the product: Insulation and Systems. The Insulation segment, sells building, industrial, and technical insulation and external thermal insulation wall systems to the construction industry. The Systems business sells acoustic ceilings and wall systems, external cladding systems, horticultural substrate solutions, engineered fiber solutions, and noise and vibration control to the construction and automotive industries. The majority of revenue is from the Insulation Segment. The majority of sales come from Europe. | $34 | 0% | $6.8B | $6.6B | ||||
| Huaxin Building Materials Group Co Ltd is engaged in the manufacture and sale of cement, concrete, clinker, aggregates, and other building materials. Its business is divided into segments, with the Domestic segment generating the majority of revenue and covering the production and sale of cement, concrete, aggregates, clinker, and other construction materials within China. The Overseas segment includes similar activities outside China, focusing on the production and sale of these building materials in international markets. | $4 | +19% | $6.6B | $9.7B | ||||
| Largest maker of structural steel tubes in India, selling hollow sections and pipes for construction, infrastructure and engineering use under the Apollo brand through dealers. Plants across several Indian states. Headquartered in the Delhi NCR (Ghaziabad). | $23 | +21% | $6.4B | $6.3B | ||||
 | TCC Group Holdings Co Ltd engages in the manufacturing and marketing of cement, cement-related products and ready-mixed concrete. The majority of revenue comes from Taiwan and the rest from Asia and Europe. | $1 | +12% | $6.1B | $11B | ||||
| Eagle Materials Inc produces and sells construction products and building materials. Construction products include cement, slag, concrete, and aggregates and building materials include cement and gypsum wallboard, and are sold to the construction and building industries. The firm organizes itself into two sectors: Heavy Materials, which includes the Cement and Concrete and Aggregates segments, and Light Materials, which includes the Gypsum Wallboard and Recycled Paperboard segments. | $190 | -15% | $5.8B | $7.3B | ||||
 | Sanwa Holdings Corp is a Japan-based company engaged in producing and selling construction materials for buildings and commercial facilities. The company also provides maintenance and renovation services. Its products include condominium doors, window shutters, exterior products, garage doors, operators, and hinge doors for residential buildings; and heavy-duty shutters, steel doors, partitions, stainless steel products, overhead doors, automatic doors, truck/trailer doors, and industrial doors for non-residential buildings. The company operates in Japan, North America, and Europe. | $25 | -4% | $5.1B | $4.6B | ||||
 | Xinyi Glass Holdings Ltd is engaged in the production and sales of float glass products, automobile glass products, construction glass products, and a variety of related products in the PRC and Malaysia. Its product portfolio comprises clear glass, glass for windshields, heating glass, laminated glass, heat-reflective coated glass, and others. The company's operating segments are Float glass, Automobile glass, and Architectural glass. A majority of its revenue is generated from the Float glass segment, which offers clear glass, F-green glass, and European gray glass. Geographically, the company generates maximum revenue from Greater China, and the rest from other regions like Europe, Australia, New Zealand, Africa, the Middle East, Central America, North and South America. | $1 | -4% | $4.7B | $4.9B | ||||
 | Cementos Argos SA is a cement-producing company. In terms of the concrete and cement business, it is Colombia's key producer and one of the key producers in the sector across Central America and the Caribbean. The company's corporate purpose is the exploitation of the cement industry, the production of concrete mixes and any other materials or items made of cement, lime or clay, the acquisition and exploitation of minerals or deposits of exploitable minerals in the cement industry, and similar rights to explore and mine the aforementioned minerals, whether by concession, privilege, lease or other title. Its operating segments are: Colombia, which generates maximum revenue, the Caribbean, Central America, Trading, and Corporate and others. | $3 | +21% | $4.2B | $2.9B | ||||
| Cement and wall putty maker with grey and white cement capacity in north, central and south India. It sells through dealers to home builders and construction customers. Headquartered in Kanpur, with corporate office in New Delhi. | $54 | -17% | $4.2B | $4.8B | ||||
| Grupo Argos SA is a holding company with businesses spanning multiple industries including cement, energy, highway and airport construction, port operations, real estate, and coal. The Cement segment, which generates the majority of revenue, has a majority ownership stake in Cementos Argos, which manufactures and sells cement, concrete, and cement-related products in multiple countries throughout the Americas. The Energy segment has a majority ownership stake in a company named Celsia, which generates and sells gas, thermal energy, and hydroelectric energy throughout Central and South America. | $6 | +82% | $4B | $5.1B | ||||
| Asia Cement Corp manufactures and sells cement, concrete, and cement-related products to the construction and building industries, and engages in leasing activities. The company is also required to undertake reforestation activities in designated areas. Asia Cement's product portfolio includes Portland cement types I and II, cement clinker, ready-mix concrete, furnace powder, and plaster among others. Its reportable segments are as follows: Cement which derives key revenue, Electric Power, Investment, Engineering, Transportation, Stainless Steel, and Leasing. The majority of the company's revenue comes from Taiwan and China. | $1 | -9% | $4B | $5.3B | ||||
 | LafargeHolcim Maroc SA is a Morocco-based company. It is engaged in the manufacturing and sale of cement and hydraulic binders to the construction industry. Its product portfolio consists of cement, concretes, aggregates, plasters, and lime. | $170 | -15% | $4B | $4.5B | ||||
| Corporacion Moctezuma SAB de CV is a Mexico-based company which is engaged in the production and sale of cement and ready-mix concrete. The product portfolio of the includes of compound Portland cements, white cement and mortar and others. | $5 | +4% | $3.9B | $3.4B | ||||
 | Titan SA is an international business operating in the building and infrastructure materials industry, committed to providing the materials, solutions, and services needed for safe and sustainable homes, buildings, and infrastructure. The company offers construction materials, solutions, and services that enable people to enjoy life while supporting the development of sustainable living environments. | $52 | -2% | $3.8B | $5.1B | ||||
| Lafarge Africa PLC through its subsidiaries is engaged in manufacturing and marketing of cement, concrete, and aggregates products, including the provision of building solutions. Its products include Ashakacem, UniCem, Elephant cement, Lafarge Powermax, RoadCem, and Supaset cement among others. It has two segments Cement & Readymix products. The majority of the revenue is generated from the cement segment. | $0 | +152% | $3.8B | $3.7B | ||||
| Mitsui Chemicals Inc manufactures and sells a variety of chemicals, plastics, and chemical-based products. The firm organizes itself into four segments. The Basic & Green Materials segment provides ethylene, propylene, polyethylene, polypropylene, catalysts, phenols, PTA, PET resins, polyurethane, and industrial chemicals. The ICT Solutions segment supplies semiconductors, electronic components, process and optical materials, and battery-related materials. The Life & Healthcare Solutions segment covers vision care, nonwovens, oral and personal care materials, and agricultural chemicals. The Mobility Solutions segment offers elastomers, functional compounds, polypropylene compounds, and automotive-related products, while Others include related businesses. | $10 | -20% | $3.6B | $8B | ||||
| United States Lime & Minerals Inc is engaged in the business of manufacturing lime and limestone products including PLS, quicklime, hydrated lime and lime slurry. It supplies its products predominantly to the construction (including highway, road, and building contractors), industrial (including paper and glass manufacturers), environmental (including municipal sanitation and water treatment facilities and flue gas treatment processes), metals (including steel producers), oil and gas services, roof shingle manufacturers and agriculture (including poultry and cattle feed producers) industries. The company operates through its Lime and Limestone Operations segment. | $120 | -1% | $3.5B | $3B | ||||
| Knife River is a construction materials and contracting company serving the western, central and southern United States. It supplies asphalt and construction materials and builds roads, bridges and airport runways. | $59 | -21% | $3.3B | $4.8B | ||||
 | Vicat SA manufactures and sells cement, ready-mix concrete, and aggregates to the construction and building industries. It is also engaged in other activities, which include transporting materials and merchandise to large work sites, construction chemicals, the production of paper and paper bags, and precast concrete products. The Group's operating segments comprise the following geographic regions in which it operates: France (its key revenue-generating market), Europe (except France), Americas, Asia, Mediterranean, and Africa. Vicat generates the majority of its revenue from the sale of cement, followed by concrete and aggregates, and other products and services. | $74 | -9% | $3.3B | $5.1B | ||||
| GCC SAB de CV is engaged in producing and selling hydraulic cement, concrete, and aggregates in the markets of Mexico (state of Chihuahua) and the United States of America. The company produces, markets, and distributes cement, aggregates, ready-mix concrete, and other construction materials. The company is a Mexican entity that manufactures and sells hydraulic cement, ready-mix concrete, and aggregates. Geographically, its operations are spread across Mexico and the United States, with the majority of the revenue deriving from the United States. | $10 | -2% | $3.1B | $2.9B | ||||
| LIXIL Corp is a Japan-based company engaged in housing and building materials businesses. The company operates through two main segments: Water Technology Business and Housing Technology Business. The Water Technology Business manufactures and sells sanitary ware, water faucets, bathroom units, and system kitchens. The Housing Technology Business provides windows, doors, shutters, interior and exterior building materials, curtain walls, housing solutions, and real estate management services. It generates the majority of its revenue from the Water technology business segment. | $11 | -9% | $3.1B | $6.7B | ||||
| Cement producer with plants in eastern, southern and north-eastern India, selling through dealers to home builders and construction projects. Headquartered in New Delhi. | $16 | -31% | $2.9B | $3.6B | ||||
| Asahi India Glass makes automotive safety glass and float glass for buildings, and runs glass retail and installation outlets. Customers are carmakers, builders and consumers in India. It is a leading automotive glass maker in India. Headquartered in New Delhi. | $11 | -2% | $2.9B | $3.1B | ||||
 | Cementos Molins SA engages in the manufacturing and selling of gray cement and white cement used for various construction purposes in the civil engineering industry. The group's core business is to manufacture and market its products which include, cement, clinker, concrete, mortars, aggregates, and precast concrete. It caters to markets around the world which include Spain, Argentina, Uruguay, Mexico, Bangladesh, India, Tunisia, China, Bolivia, and Columbia. It generates the majority of its revenues from the sales of its products through in the foreign markets. | $42 | +26% | $2.7B | $4.4B | ||||
| Cementir Holding NV is a multinational company. The company creates a niche white cement segment, the cement producer in Denmark and ready-mixed concrete producer in the Scandinavian region, the third in Belgium, and among the international players in Turkiye. In Belgium, the Group operates one of the aggregate quarries in Europe, while in Turkiye, it operates in the treatment of industrial waste to produce fuel for its cement plants. It has segments as Cement, Ready-mixed concrete, Aggregates, Wastes, and Others, with the majority from Cement. Geographically, it gains revenue from the Nordic & Baltic regions. | $17 | -14% | $2.7B | $2.5B | ||||
| China National Building Material Co Ltd is a state-owned building material holding company. Its reportable segments are the Cement segment which includes the production and sale of cement, Concrete segment includes the production and sale of concrete, New Materials segment comprises of production and sale of glass fiber, composite, and lightweight building materials, and Engineering technology Services segment, which includes the provision of engineering services to glass and cement manufacturers and equipment procurement, and others segment, which comprises Merchandise trading business and others. The company operates in PRC, Europe, the Middle East, Southeast Asia, Oceania, Africa, the Americas, and other countries, out of which the majority of the revenue comes from the PRC. | $0 | -48% | $2.7B | $38B | ||||
 | Stella-Jones Inc produces and sells lumber and wood products. The company operates in two segments: Pressure-treated wood, which includes utility poles, railway ties, residential lumber, and industrial products; and the Logs & Lumber segment comprises the sales of logs harvested in the course of the company’s procurement process that is determined to be unsuitable for use as utility poles, it also includes the sale of excess lumber to local home-building markets. The vast majority of its revenue comes from the Pressure-treated wood segment. Its geographical segments are the United States and Canada, and the majority of its revenue is derived from the United States. | $47 | -24% | $2.6B | $3.6B | ||||
| Boise Cascade Co is a producer of engineered wood products (EWP) and plywood. The firm operates in two reportable segments, namely Wood Products and Building Materials Distribution. The Wood Products segment manufactures laminated veneer lumber (LVL), I-joists, and laminated beams. In addition, it manufactures structural, appearance, and industrial-grade plywood panels, and ponderosa pine lumber. The Building Materials Distribution segment is engaged in the distribution of various building materials, including oriented strand board (OSB), plywood, and lumber; general line items such as siding, composite decking, doors and millwork, metal products, roofing, and insulation; and EWP, among others. The company generates a majority of its revenue from the Building Material Distribution segment. | $73 | -5% | $2.5B | $2.7B | ||||
| The Japan Steel Works Ltd provides industrial machinery as well as materials and engineering solutions in Japan and internationally. The company operates through two segments. The Industrial Machinery segment provides resin manufacturing and processing machinery, molding machines, defense-related equipment, and other industrial machinery. The Materials and Engineering segment covers raw material products and engineering operations. The Other segment includes the film deposition business, crystal business, and related activities. It generates the majority of its revenue from the Industrial machinery business segment. | $34 | -42% | $2.5B | $2.6B | ||||
 | EMSTEEL is an Abu Dhabi-listed manufacturer of steel, cement and other building materials. It produces rebar, wire rod, heavy sections, sheet piles, cement and related products for construction, infrastructure and industrial customers. Revenue is generated through product sales in the United Arab Emirates and export markets. The listed company was formerly Arkan Building Materials and adopted the EMSTEEL name after combining with Emirates Steel. That 2021 share-for-assets transaction created an integrated steel and building-materials group and increased ADQ’s indirect ownership to 87.5%. The company operates energy-intensive manufacturing assets and sells through commercial channels rather than providing investment or financial services. Production scale and domestic sourcing make the company strategically important to construction and industrial supply chains. | $0 | +10% | $2.3B | $1.9B | ||||
| SKC Co Ltd is a Korea-based company engaged in the manufacture and supply of chemicals and industrial films. The company operates through three segments: the Chemistry segment, which produces POD and related chemical products; the Semiconductor Material segment, which manufactures semiconductor test sockets and related materials; and the Secondary Battery Material segment, which produces copper foil and other battery components. It generates the majority of its revenue from the Chemistry segment. | $47 | -38% | $2.3B | $4.8B | ||||
 | Fletcher Building is a New Zealand-based building materials company with operations focused in New Zealand, but also extending to Australia. It has a conglomerate structure with diverse operations across concrete, building products, steel, retail distribution, and development. Most revenue is derived from new house construction, with smaller earnings contributions from commercial and infrastructure construction. | $2 | +6% | $2.2B | $3.2B | ||||
| Ciments du Maroc SA is a cement producer in Morocco and acts as an operator in ready-mixed concrete and aggregates. The product line of the company includes cement, concrete ready-to-use, aggregates, and others. It also offers its customers a Technical Assistance service including maturometry, MBE (Equivalent Concrete Mortar) tests, cement slurry tests or quick identification of cement. The company operates MyCimar portal which allows customers to consult the movements of their activity with the company. | $151 | -27% | $2.2B | $2.3B | ||||
| Titan America SA is a vertically integrated, multi-regional manufacturer and supplier of heavy building materials and services operating in Florida, the New York and New Jersey Metropolitan area Metro New York, Virginia, North Carolina and South Carolina. The Company, through its wholly owned subsidiaries, operates in the manufacture, distribution, and sale of cement, fly ash, aggregates, ready-mix concrete, and concrete blocks to resellers and construction contractors in the Eastern region of the United States. | $12 | -28% | $2.1B | $2.7B | ||||
 | Turkiye Sise ve Cam Fabrikalari AS is a holding company that, through its subsidiaries, manufactures and sells glass products, chemicals, and glass packaging. The firm's five segments are based on product type. The flat glass segment, which generates more revenue than any other segment, sells glass panes used in windows and automobile windshields. The glassware segment sells glass beverage bottles and crystal products. The other three segments are glass packaging, chemicals, and other, which consists primarily of services including insurance and the export and import of goods. The majority of revenue comes from Turkey. | $1 | -19% | $2.1B | $5.6B | ||||
| Ramco Cements makes cement and dry mix products, and has wind power assets. It sells cement through dealers in southern and eastern India. Part of the Ramco Group. Headquartered in Chennai. | $9 | -23% | $2.1B | $2.5B | ||||
| Tecnoglass Inc is a manufacturer of hi-spec architectural glass and windows for residential and commercial construction industries, operating through its direct and indirect subsidiaries. Its product offerings include tempered glass, laminated glass, thermo-acoustic glass, sliding windows, projecting windows, guillotine windows, sliding doors, loating facades, automatic doors, bathroom dividers, and commercial display windows, among others. The company has one operating segment, Architectural Glass and Windows, which is also its reporting segment. Geographically, the company generates maximum revenue from its customers in the United States, followed by Colombia, Panama, and other regions. | $47 | -3% | $2.1B | $2.3B | ||||
| Kajaria Ceramics makes ceramic and vitrified floor and wall tiles, and sells them through dealers. It is India's largest tile maker by capacity. Headquartered in New Delhi. | $13 | +7% | $2B | $2B | ||||
 | SigmaRoc is a London-listed industrial-minerals group producing lime, limestone and construction materials across the United Kingdom and continental Europe. It operates a decentralised network of quarries, kilns and processing sites that sell quicklime, hydrated lime, aggregates and specialised mineral products. Customers include steel, chemical, environmental, agriculture, construction and infrastructure businesses. Revenue is generated predominantly from the sale of these processed mineral and building products. The group expanded materially through acquisitions, including its purchase of CRH's European lime operations, and organises the portfolio into regional operating platforms. Through its Buxton Lime business, SigmaRoc owns lime works at Tunstead in Derbyshire that are included in Peak Cluster. Lime manufacture creates unavoidable process emissions when limestone is calcined, so the proposed shared capture and transport network is relevant to the plant's long-term competitiveness. SigmaRoc plc invested directly in the Peak Cluster project company. | $2 | +10% | $1.9B | $2.6B | ||||
| Oyak Cimento Fabrikalari AS manufactures and sells cement and concrete operations. Its products are Cement, Ready-Mixed Concrete, and LIME. | $0 | -27% | $1.9B | $1.7B | ||||
| Inmocemento SA engaged in real estate and cement businesses through its subsidiaris. | $4 | +3% | $1.9B | $2.9B | ||||
| Interface Inc is engaged in the design, production, and sale of carpet tiles. It also provides Luxury Vinyl tiles and rubber flooring. The company mainly targets corporate and noncorporate office markets, including government, education, healthcare, hospitality, and retailers. Its geographical segments include the Americas, Europe, and Asia-Pacific. It has two operating and reportable segments- namely Americas (AMS) and Europe, Africa, Asia and Australia (collectively EAAA). Key revenue is generated from AMS segment. | $32 | +14% | $1.8B | $2B | ||||
 | RHI Magnesita NV operates in the refractory industry. The core activities of the group comprise the development and production as well as the sale, installation, and maintenance of refractory products and systems. It has three main operating segments, Steel, Industrial, and Minerals. The Steel segment specializes in supporting customers in the steel-producing and steel-processing industry. Its Industrial segment serves customers in the glass, cement/lime, nonferrous metals and environment, energy, and chemicals Industries. The Minerals segment engages in the sale of internally produced raw materials such as magnesite ore, dead-burned magnesia, and fused magnesia. The company generates maximum revenue from the Steel segment. | $37 | +11% | $1.8B | $3.5B | ||||
| JSW Cement Ltd is a cement company based in India. Its products include: Cement, additives, plaster, aggregates, ready-mix concrete, cementitious materials. | $1 | +1% | $1.7B | $2.2B | ||||
| Kansai Nerolac Paints makes decorative paints and industrial coatings, including automotive coatings. It sells through dealers to home owners and to automakers and industrial customers. It is a subsidiary of Japan's Kansai Paint and among the top Indian paint makers. Headquartered in Mumbai. | $2 | -19% | $1.7B | $1.5B | ||||
| Breedon Group PLC is a producer of construction materials. The products include aggregates such as polished stone value stones, sub-base materials and sands for the road construction industry, milled limestones for agricultural applications, asphalt, ready-mix concrete, concrete beams and blocks, cement, and others. The company's customers range from civil engineering business over local authorities and utilities companies to homes and smaller businesses. The company generates majority of its revenue in the United Kingdom. | $5 | +6% | $1.6B | $2.5B | ||||
| Grupo Lamosa SAB de CV manufactures and sells ceramic tiles, sanitary ware and ceramic adhesives for the construction industry. Its business segments are Ceramic, Adhesive, and Real Estate. The Ceramic segment offers Floor tiles, wall tiles, and bathroom equipment. The Adhesive segment offers adhesives for floors and walls. The Real Estate segment is engaged in commercial and residential developments. The company sells its products in domestic market, as well as exports to more than 15 countries in Central and South America, United States and Canada. The Ceramic segment generates maximum revenue. | $5 | -17% | $1.6B | $2.5B | ||||
| Yangzhou Tinfulong Group Co Ltd is engaged in Research & Development, production and sales of differentiated polyester staple fibers. | $4 | -35% | $1.5B | $1.2B | ||||
| Gallantt Ispat, part of Gallantt Group, makes TMT bars, sponge iron and steel billets, and also has a power and ethanol business. Customers are construction and infrastructure buyers. Headquartered in Gorakhpur, Uttar Pradesh. | $6 | -12% | $1.4B | $1.4B | ||||
| JSW Dulux Ltd, formerly Akzo Nobel India, makes decorative paints under the Dulux brand and industrial coatings. It sells through dealers and tinting outlets to home owners and painters, and supplies industrial customers. It is one of the larger Indian paint makers and is now controlled by the JSW group. Headquartered in Gurugram. | $3 | -20% | $1.4B | $1.3B | ||||
 | Siam City Cement PCL is a Thailand-based company that produces cement-based building materials, wood replacement products, and lightweight concrete blocks through its subsidiaries. The company is composed of five segments: Cement, Concrete & Aggregate, Waste management and Industrial services, Light Building Materials, and Energy. It generates the majority of its revenue from the Cement segment. It sells various cement types, namely Portland, Hydraulic, Mixed, and Masonry, that serve various building, bricklaying, and plastering purposes. | $5 | +3% | $1.3B | $2B | ||||
| BBMG Jidong Cement Group is a Chinese cement and building-materials producer headquartered in Tangshan and listed on the Shenzhen Stock Exchange. The company manufactures cement, clinker and related building materials and also undertakes equipment, environmental and technical-service activities. It operates production bases across multiple Chinese regions and participates in overseas cement capacity through affiliated investment companies. Revenue is generated primarily from product sales to construction, infrastructure and distribution customers, supplemented by engineering and service income. The group is controlled within the state-owned BBMG organization and is therefore a strategic industrial buyer rather than a financial sponsor. In 2024 it agreed to acquire the remaining 40% of China-Africa Jidong Building Materials Investment from CADFund alongside the parent group’s 60% block. Completion gave it full ownership of the investment vehicle and indirect control of Mamba Cement in South Africa. | $1 | -23% | $1.3B | $4B | ||||
| Nuvoco Vista is one of India's largest cement groups by capacity, selling cement and ready-mix concrete. It operates plants across eastern and northern India under brands such as Duraguard and Concreto. Customers are builders, contractors and retail home builders. Headquartered in Mumbai. | $4 | -9% | $1.3B | $1.9B | ||||
| Caltagirone is an Italian holding company headquartered in Rome that traces its origin to the Vianini industrial works built in Rome in 1892. Francesco Gaetano Caltagirone took over the Vianini group in 1984 and built it into a listed group with interests in cement, construction, real estate and publishing. Cement is run through the listed Cementir Holding, publishing through Caltagirone Editore, which owns newspapers such as Il Messaggero of Rome, and construction and real estate through Vianini companies. The group also holds financial stakes, among them in Assicurazioni Generali, which it entered in the 2007 to 2012 period with over 2 percent, and in Banca Monte dei Paschi di Siena. | $10 | +1% | $1.3B | $2.7B | ||||
 | Qassim Cement Co is engaged in manufacturing and producing cement, its derivatives and supplements, the trade of these products, and carrying out all works directly and indirectly related to this purpose. It makes Ordinary Portland Cement, Portland Pozzolana Cement, Sulphate Resistant Cement, and Finishing Cement, among others. Geographically, the company mainly operates in Kingdom of Saudi Arabia. | $11 | +2% | $1.3B | $1.2B | ||||
 | Metsa Board Oyj is the European producer of premium lightweight paperboards. Its product portfolio includes pulp, boxboard, and linerboard, which are used in foodservice and consumer goods packaging. The company's customers are typically boxboard printers, carton board manufacturers in the food, cosmetics, and pharmaceutical industries, and manufacturers of branded goods and wholesalers. It operates fiber mills that produce its fiber-based products from timber. The Company operates in European Nations like Germany, Sweden, Spain, etc., and also in other countries like the UK, Norway, Canada, Asia, and Turkey. The majority of the revenue is generated in Europe. | $4 | +23% | $1.2B | $1.7B | ||||
 | Loma Negra Cia Industria Argentina SA is a cement producer in Argentina. The Group is engaged in the production and distribution of cement, masonry cement, concrete, limestone, and aggregates, operates a railway concession to provide transportation services, and is also engaged in the industrial waste recycling business. The company operates in five segments: Cement, masonry cement, and lime; Concrete; Rail services; Aggregates; and Others. The majority of its revenue derives from Cement, masonry cement, and lime segments. | $2 | -30% | $1.1B | $1.2B | ||||
 | Unacem Corp SAA is a Peruvian producer of cement. It produces various types of Portland cement sold under the Andino, Sol, Apu, and Atlas brands. The company also operates a hardware store network to facilitate the sale of UNACEM cement. Other business ventures are Hatunsol, a microfinancing company offering loans in the form of construction materials and labor and transport of materials to the building site to the self-build sector, and Duravia, a concrete pavement solution to compete with traditional asphalt surfacing. The majority of its revenue is from Peru, followed by the United States. | $1 | +43% | $1.1B | $2.7B | ||||
| Cementos Pacasmayo SAA is a Peruvian cement company that produces, distributes, and sells cement and cement-related materials, such as concrete blocks and ready-mix concrete. The company's products are used in construction. It also produces and sells quicklime for use in mining operations. The company sells its products mainly in the northern part of Peru. It owns three cement production and transportation facilities. Its flagship Pacasmayo facility is located in the northwest region of Peru, while its new cement plant in Piura and smaller Rioja facility are located in the northeast region of Peru. | $3 | +97% | $1.1B | $1.4B | ||||
| Yamama Cement Co JSC is one of the supreme and oldest cement manufacturers in the Kingdom of Saudi Arabia. It provides a range of cement and clinker products mostly to the construction industry in the country. The company's product portfolio includes Normal Cement; Cement Resistant; Finalise Cement and Salt Resistant Cement. | $5 | -15% | $1B | $1.5B | ||||
| Monarch Cement Co is principally engaged in the manufacture and sale of Portland cement. The company's subsidiaries together are engaged in the ready-mixed concrete, concrete products, and sundry building materials business. Ready-mixed concrete is manufactured by combining aggregates with Portland cement, water, and chemical admixtures in batch plants. It is then loaded into mixer trucks and mixed in transit to the construction site where it is delivered to the contractor. The company groups its operations into two segments: Cement Business and Ready-Mixed Concrete Business, of which key revenue is derived from the Cement business segment. | $274 | +24% | $1B | $953M | ||||
| Saudi Cement Co is engaged in manufacturing and selling cement and its related products. Its products are Cement Clinker, Sulfate Resistant Cement, and Ordinary Portland Cement used for highways, bridges, airports, seaports, railways, metros, and numerous housing and commercial projects. It operates in two geographic segments Kingdom of Saudi Arabia and Kingdom of Bahrain. It generates the majority of its revenue from the Kingdom of Saudi Arabia. | $7 | -32% | $1B | $1.1B | ||||
 | Holcim Ecuador SA is an Ecuador-based company engaged in the manufacturing and production of clinker, cement, and concrete. The company offers products and services for road development, buildings, infrastructure, developments and residences, and agro-industrial solutions. | $45 | +2% | $922M | $904M | ||||
| Suqian Unitech Corp Ltd is engaged in the research and development, production and sales of anti-aging additives for polymer materials and their intermediates. It specializes in the production of light stabilizers, UV absorbers and other related products. | $2 | -- | $830M | $946M | ||||
| Cimsa Cimento Sanayi Ve Ticaret AS is a building materials company that manufactures and distributes various types of cement. Cimsa's product offerings include specialty cement, such as white cement and calculate aluminate cement and regular grey cement. Beyond the company's primary cement segment, Cimsa produces ready-mixed concrete and the company operates its distribution system. It generates the majority of its revenue from the Cement segment. The company is based in Turkey but maintains factories and operations across Europe. | $1 | -21% | $805M | $1.5B | ||||
| RHI Magnesita India Ltd is engaged in the business of manufacturing and trading refractories, monolithics, bricks, and ceramic paper, and rendering management services. Its product offerings include isostatically pressed continuous casting refractories, slide gate plates, nozzles and well blocks, tundish nozzles, bottom purging refractories and top purging lances, slag arresting darts, basic spray mass for tundish working lining, and castables. The company’s products are used in steel, cement and lime, non-ferrous metals, glass, and other industries. It operates in the Indian and international markets, of which a majority of its revenue is generated within India. | $4 | -26% | $790M | $796M | ||||
 | Dexco SA is engaged in the production of wooden panels, vitreous chinaware, metal bathroom fittings and showers, and ceramic and cement floors. Its segments are: The Wood segment operates four industrial units in Brazil and three in Colombia producing MDP panels (medium density panels), MDF and HDF panels (medium and high fiber density panels), under the Duratex brand, the Durafloor brand for laminates and semi-finished components for furniture; The Deca segment operates in Brazil, producing vitreous chinaware, metal fittings, and showers, under the brands Deca, Hydra, Belize, Elizabeth, and Hydra Corona; the Ceramic Tile segment operates four industrial plants in Brazil, producing ceramic tiles, under the Ceusa, Portinari, and Castelatto brands; and Soluble Cellulose Segment. | $1 | -3% | $783M | $1.5B | ||||
| Cement producer in North East India, selling cement and clinker under Star Cement and other brands. It has plants in Meghalaya and Assam and sells through dealers. Based in Kolkata. | $2 | -26% | $756M | $784M | ||||
 | PPC Ltd is a South Africa-based company that supplies cement and other related products in South Africa and several other African countries. The operating segments are South Africa and Botswana Cement, South Africa Materials and PPC Zimbabwe. The majority of revenue is generated from South Africa and Botswana Cement. Its geographic markets are South Africa, Botswana and Zimbabwe and the majority of the revenue is generated from South Africa. | $1 | +59% | $740M | $713M | ||||
| Akcansa Cimento Sanayi Ve Ticaret AS manufactures and sells cement, clinker, and ready-mix concrete. It operates through Agregas and Betonsa brands in the cement, ready-mixed concrete, port, and aggregates businesses. The company has two active segments: Cement, which generates key revenue, and Ready-mixed concrete. The vast majority of the company’s total revenue comes from sales in Turkey. | $4 | +26% | $728M | $737M | ||||
 | Kuwait Cement Co is an integrated cement manufacturing company in Kuwait. Its operating business segments are the Manufacturing sector and Investment sector. The company generates maximum revenue from the Manufacturing sector segment. The Manufacturing sector of the company includes the production and sale of cement and ready-mix cement, and its products include Ordinary Portland Cement, Salt Resistant Cement, and many more. | $1 | -26% | $715M | $950M | ||||
| Suncrete Inc is a ready-mix concrete logistics and distribution platform operating across Oklahoma and Arkansas. Ready-mix concrete is a crucial building material that is used in the vast majority of infrastructure, commercial and residential construction projects. The company's ready-mix concrete business engages principally in the precise formulation, efficient production and on-time delivery of ready-mix concrete to the customers’ job sites. It serves substantially all end markets of the construction industry in the select geographic markets. The company earns revenue prominently from the production and delivery of ready-mix concrete, with the majority revenue generated from orders under master purchase agreements or through direct sales to third-party contractors and suppliers. | $9 | -- | $674M | $880M | ||||
| Birla Corporation makes cement under the Birla Samrat and Perfect Plus brands, and also jute goods and other products. It operates plants in central and eastern India. Headquartered in Kolkata. | $9 | -31% | $669M | $887M | ||||
| Pilkington Deutschland AG manufactures and markets flat and safety glass for the building and automotive markets. It manufactures glass and glass products for Architectural application such as new construction, renovation, and solar applications, Automotive application namely equipment and automotive glass parts and Technical Glass which covers a wide range of refined glasses for displays, optoelectronics and fiberglass products. | $246 | -18% | $667M | $667M | ||||
| Wagners Holding Co Ltd is an Australian construction materials provider. Its segments are Construction Materials, Project Services, and Composite Fibre Technology. Majority of revenue comes from Construction Materials (CM): supplies a range of construction materials predominantly to customers in the construction, infrastructure, and resources industries. Key products include cement, flyash, ready-mix concrete, precast concrete products, aggregates and reinforcing steel. Services include mobile concrete, crushing and haulage services, and are typically provided via medium to long-term contracts both domestically and internationally. The company has presence in Australia, United States, New Zealand, and United Kingdom. Majority of revenue comes from Australia. | $3 | +40% | $652M | $740M | ||||
| Southern Province Cement Co is engaged in the manufacture and production of cement, its derivatives, and related accessories. The company derives its revenue from selling cement and selling clinker. The company operates in Saudi Arabia, and its geographical area segments are Jazan, Bisha, and Tehama Emara. | $4 | -27% | $623M | $965M | ||||
| Ras AL Khaimah Ceramics Co PSC is engaged in the manufacturing and sale of a variety of ceramic products including tiles, bathroom sets, sanitary wares, table wares and faucets. The company's reportable segments are; Ceramics products, which generates key revenue and includes manufacturing and sale of ceramic wall and floor tiles, gres porcellanato, bath-ware and tableware products. The Faucets segment includes manufacturing and sale of Taps and Faucets. Other industrial segment, includes manufacturing and distribution of power, paints, plastics, mines, and chemicals. Others include security services, material movement, real estate, construction projects, and civil works. Geographically, the company generates substantial revenue from Middle East and rest from Europe, Asia, and others. | $1 | -6% | $622M | $1.1B | ||||
| Cement producer selling grey cement, with plants in Rajasthan, Gujarat, Haryana and Odisha. It sells to builders and retail buyers through dealers and also makes ready-mix concrete. Part of the JK Organisation. Based in New Delhi. | $5 | -41% | $622M | $846M | ||||
 | Caribbean Cement Co Ltd is a Jamaica-based building materials company. Its primary activities are the manufacture and sale of Carib Plus Vertua and High-Early (HE) Strength Cement. The company is engaged in the manufacture and sale of cement, clinker, and the mining and sale of gypsum, shale, and pozzolan. Geographically, it generates maximum revenue from the local market, and the rest from other Caribbean countries and Central and North American countries. | $1 | +12% | $621M | $491M | ||||
| Doman Building Materials Group Ltd is a wholesale distributor of building materials and home renovation products. The company services the new home construction, home renovation and industrial markets by supplying the retail and wholesale lumber and building materials industry, hardware stores, industrial and furniture manufacturers and similar concerns. Its operations also include timber ownership and management of private timberlands and forest licenses, and agricultural post-peeling and pressure treating through CanWel Fibre Corp. Its operating segments are Building Materials and Other. Geographically the group has a business presence in Canada and the U.S. | $7 | +2% | $613M | $1.3B | ||||
| Marshalls PLC manufactures landscape building, and roofing products, which it sells to customers in both public sector/commercial and domestic end markets. The focus in the public sector and commercial business is on products for architects, local authorities, and contractors, for use in projects such as creating street furniture, paving, and water management. Domestic market customers range from do-it-yourselfers to professional landscapers, driveway installers, and garden designers. It supplies products like Concrete tiles, Clay tiles, Walling, and Concrete bricks among others. The company has three reporting segments: Landscape Products which generates key revenue; Building Products; and Roofing Products. It operates manufacturing sites and quarries throughout the United Kingdom. | $2 | -1% | $598M | $833M | ||||
| Riyadh Cement Co is engaged in the production and selling of cement. The company manufactures cement, white cement, gray cement, clinker, portland cement, and other materials. Geographically it is diversified in Qatar, Kuwait, Yemen, Bahrain, Oman, Iraq and Kingdom of Saudi Arabia. | $5 | -20% | $596M | $580M | ||||
| Vulcan Steel Ltd is a metals distributor and processor. Its products include Steel, Stainless Steel, Engineering steel, Plate processing, and Coil processing. The company has two operating segments namely, the Steel business across New Zealand and Australia which includes Steel distribution, Plate processing, and Coil processing; and Metals business across New Zealand, which includes Stainless Steel, Engineering Steel, and Aluminium. | $4 | -12% | $591M | $936M | ||||
| Median | $7 | -5% | $2.2B | $2.7B | 2.0x | 9.4x |
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