Freeport-McMoRan (FCX) Stock Analysis

June 13, 2026

Here is a fundamental analysis of Freeport-McMoRan (FCX), benchmarking its profitability, financial strength, dividend and valuation against its industry group peers.

Performance

Cumulative Growth

FCX

GSPC

Freeport-McMoRan (FCX) vs. S&P 500 (GSPC): Growth of a $10,000 investment over the past five years. Adjusted for dividends and splits.

Trailing Returns

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Trailing total returns for Freeport-McMoRan (FCX) and S&P 500 (GSPC). Returns over one year are annualized.

Performance at a Glance

Freeport-McMoRan (FCX) metric values compared with Materials industry-group medians
Metric	Current stock: FCX	Industry group median
1-Year Return	68.06%	41.31%

Risk

Drawdown

FCX

GSPC

Freeport-McMoRan (FCX) vs. S&P 500 (GSPC): Drawdown from the running peak over the past five years. Each line shows the decline from its prior peak; 0% marks a new high.

Risk at a Glance

Freeport-McMoRan (FCX) metric values compared with Materials industry-group medians
Metric	Current stock: FCX	Industry group median
1-Year Volatility	48.98%	53.58%
Beta	1.35	0.95

Company Profile

Company profile fields for Freeport-McMoRan (FCX)
Profile Item	FCX
Name	Freeport-McMoRan Inc.
Country/Region	United States
GICS Sector	Materials
GICS Industry Group	Materials
GICS Industry	Metals & Mining
GICS Sub-Industry	Copper
Market Capitalization	98.34 billion USD
Currency	USD
Exchange	NYSE
Listing Date	July 10, 1995
Security Type	Common Stock

Valuation

Price-to-Earnings Ratio (TTM)

Freeport-McMoRan (FCX) trades at P/E ratio of 36.20, in the richer earnings-multiple quartile for its industry. That premium needs support from growth, durable earnings, or stronger business quality.

FCX

Materials industry group

36.20

Group distribution

Max: 60.17
FCX: 36.20
Q3: 33.90
Median: 22.02
Q1: 15.32
Min: 4.65

Largest peers

FCX: 36.20
LIN: 34.72
SCCO: 32.17
BHP: 22.59
RIO: 17.30
AEM: 15.31
NEM: 13.00

Where Freeport-McMoRan (FCX) stands on P/E ratio within its Materials peer group — the box is the group’s distribution and the dots its largest members.

Price-to-Sales Ratio (TTM)

Freeport-McMoRan (FCX) trades at 3.72 on P/S ratio, roughly in the peer group’s normal range. The market is not making a strong cheap-or-rich statement about its revenue base.

FCX

Materials industry group

3.72

Group distribution

Max: 9.93
Q3: 4.61
FCX: 3.72
Median: 2.05
Q1: 0.79
Min: 0.00

Largest peers

SCCO: 10.88
LIN: 6.99
AEM: 6.01
NEM: 4.29
BHP: 4.27
FCX: 3.72
RIO: 2.97

Where Freeport-McMoRan (FCX) stands on P/S ratio within its Materials peer group — the box is the group’s distribution and the dots its largest members.

Price-to-Book Ratio (MRQ)

Freeport-McMoRan (FCX) trades at 5.04 on P/B ratio, in the higher book-value quartile. The market is paying a premium to book, so stronger ROE, cleaner assets, or a better growth profile need to justify it.

FCX

Materials industry group

5.04

Group distribution

Max: 8.35
FCX: 5.04
Q3: 4.40
Median: 2.67
Q1: 1.45
Min: -0.48

Largest peers

SCCO: 13.43
LIN: 6.28
FCX: 5.04
BHP: 4.57
AEM: 3.10
NEM: 3.08
RIO: 2.75

Where Freeport-McMoRan (FCX) stands on P/B ratio within its Materials peer group — the box is the group’s distribution and the dots its largest members.

Valuation at a Glance

Freeport-McMoRan (FCX) metric values compared with Materials industry-group medians
Metric	Current stock: FCX	Industry group median
Price-to-Earnings Ratio (TTM)	36.20	22.02
Price-to-Sales Ratio (TTM)	3.72	2.05
Price-to-Book Ratio (MRQ)	5.04	2.67
Free Cash Flow Yield	1.74%	1.54%

Profitability

Return on Equity (TTM)

Freeport-McMoRan (FCX) posts ROE of 15.63%, roughly around the peer group’s normal range. Shareholders’ equity is producing a return that looks broadly typical for the industry.

FCX

Materials industry group

15.63%

Group distribution

Max: 51.93%
Q3: 17.55%
FCX: 15.63%
Median: 5.92%
Q1: -10.29%
Min: -50.42%

Largest peers

SCCO: 46.34%
NEM: 25.83%
BHP: 24.71%
AEM: 22.30%
LIN: 18.23%
RIO: 16.40%
FCX: 15.63%

Where Freeport-McMoRan (FCX) stands on ROE within its Materials peer group — the box is the group’s distribution and the dots its largest members.

Net Profit Margin (TTM)

Freeport-McMoRan (FCX) keeps 10.34% of revenue as net profit, roughly in line with the peer group’s normal net margin range. Its full cost stack is taking a typical share of sales for the industry.

FCX

Materials industry group

10.34%

Group distribution

Max: 35.99%
Q3: 14.87%
FCX: 10.34%
Median: 3.80%
Q1: 0.00%
Min: -21.87%

Largest peers

AEM: 39.46%
SCCO: 34.13%
NEM: 33.87%
LIN: 20.44%
BHP: 18.97%
RIO: 17.29%
FCX: 10.34%

Where Freeport-McMoRan (FCX) stands on net margin within its Materials peer group — the box is the group’s distribution and the dots its largest members.

Operating Profit Margin (TTM)

Freeport-McMoRan (FCX) turns 31.07% of revenue into operating profit, putting operating margin in the upper peer quartile. Before financing and taxes enter the picture, the day-to-day business keeps more of each sales dollar than most industry peers.

FCX

Materials industry group

31.07%

Group distribution

Max: 66.92%
FCX: 31.07%
Q3: 27.27%
Median: 9.63%
Q1: 0.00%
Min: -32.85%

Largest peers

AEM: 62.82%
NEM: 61.38%
SCCO: 58.34%
BHP: 40.73%
FCX: 31.07%
LIN: 28.47%
RIO: 25.32%

Where Freeport-McMoRan (FCX) stands on operating margin within its Materials peer group — the box is the group’s distribution and the dots its largest members.

Profitability at a Glance

Freeport-McMoRan (FCX) metric values compared with Materials industry-group medians
Metric	Current stock: FCX	Industry group median
Return on Equity (TTM)	15.63%	5.92%
Return on Assets (TTM)	7.77%	4.26%
Net Profit Margin (TTM)	10.34%	3.80%
Operating Profit Margin (TTM)	31.07%	9.63%
Gross Profit Margin (TTM)	38.64%	27.28%

Financial Strength

Current Ratio (MRQ)

Freeport-McMoRan (FCX) has current ratio of 2.39, in the healthier middle range for its industry. The short-term asset cushion looks balanced relative to peers rather than stretched thin.

FCX

Materials industry group

2.39

Group distribution

Max: 6.31
Q3: 3.52
FCX: 2.39
Median: 2.28
Q1: 1.43
Min: 0.12

Largest peers

SCCO: 4.38
AEM: 3.15
NEM: 2.44
FCX: 2.39
BHP: 1.65
RIO: 1.45
LIN: 0.83

Where Freeport-McMoRan (FCX) stands on current ratio within its Materials peer group — the box is the group’s distribution and the dots its largest members.

Debt-to-Equity Ratio (MRQ)

Freeport-McMoRan (FCX) has debt-to-equity ratio of 0.33, roughly in line with the peer group’s normal leverage range. Its mix of debt and equity looks typical for the industry.

FCX

Materials industry group

0.33

Group distribution

Max: 2.02
Q3: 0.92
Median: 0.44
FCX: 0.33
Q1: 0.14
Min: 0.00

Largest peers

LIN: 0.66
SCCO: 0.62
BHP: 0.53
RIO: 0.35
FCX: 0.33
NEM: 0.16
AEM: 0.01

Where Freeport-McMoRan (FCX) stands on debt-to-equity ratio within its Materials peer group — the box is the group’s distribution and the dots its largest members.

Financial Strength at a Glance

Freeport-McMoRan (FCX) metric values compared with Materials industry-group medians
Metric	Current stock: FCX	Industry group median
Current Ratio (MRQ)	2.39	2.28
Debt-to-Equity Ratio (MRQ)	0.33	0.44
Net Debt / EBITDA	0.68	1.63

Dividends

Dividend Yield (TTM)

Freeport-McMoRan (FCX) has dividend yield of 0.88%, in the industry’s normal income range. It provides a meaningful dividend without the red flag of an unusually high headline yield.

FCX

Materials industry group

0.88%

Group distribution

Max: 4.47%
Q3: 1.89%
FCX: 0.88%
Median: 0.58%
Q1: 0.00%
Min: 0.00%

Largest peers

RIO: 3.82%
BHP: 2.93%
SCCO: 2.11%
LIN: 1.22%
AEM: 1.11%
NEM: 1.04%
FCX: 0.88%

Where Freeport-McMoRan (FCX) stands on dividend yield within its Materials peer group — the box is the group’s distribution and the dots its largest members.

Dividend Payout Ratio (TTM)

Freeport-McMoRan (FCX) has payout ratio of 31.75%, within the industry’s typical payout band. The dividend shares profits with investors while leaving earnings coverage that looks normal for the peer group.

FCX

Materials industry group

31.75%

Group distribution

Max: 90.00%
Q3: 38.50%
FCX: 31.75%
Median: 8.90%
Q1: 0.00%
Min: 0.00%

Largest peers

RIO: 61.31%
SCCO: 56.33%
BHP: 54.64%
LIN: 40.45%
FCX: 31.75%
AEM: 15.54%
NEM: 13.10%

Where Freeport-McMoRan (FCX) stands on payout ratio within its Materials peer group — the box is the group’s distribution and the dots its largest members.

Dividends at a Glance

Freeport-McMoRan (FCX) metric values compared with Materials industry-group medians
Metric	Current stock: FCX	Industry group median
Dividend Yield (TTM)	0.88%	0.58%
Dividend Payout Ratio (TTM)	31.75%	8.90%