7-Zip
Publisher's description: "The main features of 7-Zip: High compression ratio in 7z format with LZMA and LZMA2 compression. Supported formats: Packing / unpacking: 7z, XZ, BZIP2, GZIP, TAR, ZIP and WIM. Unpacking only: ARJ, CAB, CHM, CPIO, CramFS, DEB, DMG, FAT, HFS, ISO, LZH, LZMA, MBR, MSI, NSIS, NTFS, RAR, RPM, SquashFS, UDF, VHD, WIM, XAR and Z. For ZIP and GZIP formats, 7-Zip provides a compression ratio that is 2-10 % better than the ratio provided by PKZip and WinZip. Strong AES-256 encryption in 7z and ZIP formats. Self-extracting capability for 7z format. Integration with Windows Shell. Powerful File Manager. Powerful command line version. Plugin for FAR Manager. Localizations for 79 languages.

http://www.7-zip.org/
Free RAR Extract Frog
Publisher's description: "Free RAR Extract Frog is a skinable extraction tool for RAR-archives that supports spanned archives as well as the decompression of password protected files."

http://free-rar-extract-frog.pwpw.de/
IZArc
Publisher's description: "IZArc is the best freeware archive utility supporting many archive formats like: 7-ZIP, A, ACE, ARC, ARJ, B64, BH, BIN, BZ2, BZA, C2D, CAB, CDI, CPIO, DEB, ENC, GCA, GZ, GZA, HA, IMG, ISO, JAR, LHA, LIB, LZH, MDF, MBF, MIM, NRG, PAK, PDI, PK3, RAR, RPM, TAR, TAZ, TBZ, TGZ, TZ, UUE, WAR, XXE, YZ1, Z, ZIP, ZOO. With a modern easy-to-use interface, IZArc provides support for most compressed and encoded files, as well as access to many powerful features and tools. It allows you to drag and drop files from and to Windows Explorer, create and extract archives directly in Windows Explorer, create multiple archives spanning disks, creating self-extracting archives, repair damaged zip archives, converting from one archive type to another, view and write comments and many more. IZArc has also build-in multilanguage support."

http://izarc.org/index.html
PeaZip
Publisher's description: "PeaZip is a free archiver, available as portable and installable software for Windows and Linux. Create 7Z, ARC, BZ2, GZ, *PAQ, PEA, QUAD/BALZ, TAR, UPX, ZIP. Extract ACE, ARJ, CAB, DMG, ISO, LHA, RAR, UDF and many more file formats. PeaZip allows to create, convert and extract multiple archives at once, create self-extracting archives, bookmark archives and folders, apply powerful search filters, scan and open files with custom applications, apply strong encryption, split/join files, secure data deletion, calculate checksum and hash, view image thumbnails..."

http://www.peazip.org/
The Extractor
Publisher's description: "Easy-to-use and works with all Windows versions, 32 and 64 bit. Just drag and drop files and folders and press GO Integrated into windows for easy access, supports spanned archives and extraction of password protected files. You can queue any number of ZIP, RAR and folders and let The Extractor extract them all with just one click. There is even an option to delete processed files after successful extraction."

http://theextractor.org/