Rankings · Quality

Highest return on capital

Graded A or B, ranked by operating profit as a share of the equity and debt the business runs on. Banks, insurers and companies with negative equity are left out, where the measure means nothing.

59 companies meet this test

Figures as of October 1, 2026

#CompanyGradeReturn on capitalNet marginMarket value
1KGCKINROSS GOLD CORPA+28.3%45.1%$29.2B
2HMYHARMONY GOLD MINING COMPANY LIMITEDA+27.5%19.5%$11.4B
3SCCOSOUTHERN COPPER CORP/A+26.4%36.0%$169B
4WDFCWD-40 COMPANYB+25.3%13.2%$2.7B
5DRDDRDGOLD LIMITEDA+24.0%28.5%$2.1B
6USLMUNITED STATES LIME & MINERALS INCB+19.5%35.7%$3.2B
7AGIALAMOS GOLD INC.A+19.1%49.0%$13.9B
8CDECOEUR MINING, INC.A+18.7%26.8%$18.4B
9IAGIAMGOLD CorporationA+18.3%31.4%$11B
10SHWTHE SHERWIN-WILLIAMS COMPANYA+18.2%11.0%$80.2B
11CPACCEMENTOS PACASMAYO SAAA16.5%7.3%$1B
12HBMHudbay Minerals Inc.B+16.3%27.5%$10.7B
13FSMFORTUNA MINING CORP.A+16.2%30.4%$3.5B
14WPMWHEATON PRECIOUS METALS CORP.A+15.8%46.4%$61.4B
15CENXCentury Aluminum CompanyA+15.0%22.6%$3.6B
16FNVFRANCO NEVADA CorpA+14.6%63.8%$47.8B
17FCXFreeport-McMoRan Inc.B+14.5%16.2%$101.6B
18SSDSimpson Manufacturing Co., Inc.A+14.2%15.6%$7.1B
19EROERO COPPER CORPA+13.9%25.2%$3.9B
20TTAMTITAN AMERICA SAA+13.6%11.1%$2.5B
21HLHECLA MINING CO/DE/A+13.4%20.8%$11.5B
22BVNBUENAVENTURA MINING CO INCB+13.4%45.2%$8.1B
23PAASPan American Silver Corp.A+13.2%32.1%$19.5B
24PPGPPG INDUSTRIES INCA+13.1%9.8%$23.6B
25BCPCBalchem CorporationA+12.9%15.1%$5.3B

More rankings

A ranking orders companies by one stated measure. It is not a recommendation, and it says nothing about whether any share price is reasonable.