Freeport-McMoRan (FCX) Stock Analysis

October 26, 2026

This is a peer-relative look at Freeport-McMoRan (FCX): its performance, risk, profitability, growth, financial strength, dividend, and valuation are each measured against its Materials peers, so every number reads in context rather than in isolation.

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	93.60 billion USD
Currency	USD
Exchange	NYSE
Listing Date	July 10, 1995
Security Type	Common Stock

Price 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.

Calendar-Year Returns

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Calendar-year total returns for Freeport-McMoRan (FCX) and S&P 500 (GSPC). Each bar is that year's total return, measured year-end to year-end.

Performance Metrics

Freeport-McMoRan (FCX) metric values compared with Materials industry-group medians
Metric	Current stock: FCX	Industry group median
Total Return (1Y)	59.56%	7.58%
Total Return (3Y, Annualized)	26.38%	17.66%
Total Return (5Y, Annualized)	13.14%	5.55%

Risk Profile

Drawdown History

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.

Return Distribution

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Distribution of monthly total returns for Freeport-McMoRan (FCX) and S&P 500 (GSPC). Each bar is the share of months whose return fell in that 5% bucket.

Risk Metrics

Freeport-McMoRan (FCX) metric values compared with Materials industry-group medians
Metric	Current stock: FCX	Industry group median
Volatility (1Y, Annualized)	47.59%	53.21%
Beta (5Y)	1.37	1.01
Max Drawdown (5Y)	-51.26%	-58.44%

Risk-Adjusted Performance

Risk-Return Positioning

Each dot is a stock plotted by 1-year volatility (risk) and 1-year return. FCX is highlighted; the dashed line is the Capital Allocation Line from the risk-free rate through the industry median — dots above it are stronger on a risk-adjusted basis.

Risk-Adjusted Metrics

Freeport-McMoRan (FCX) metric values compared with Materials industry-group medians
Metric	Current stock: FCX	Industry group median
Sharpe Ratio (1Y)	1.16	0.08
Sortino Ratio (1Y)	1.68	0.11

Profitability

ROE (TTM)

Freeport-McMoRan (FCX) posts ROE of 14.76%, 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

14.76%

Group distribution

Max: 58.68%
Q3: 20.35%
FCX: 14.76%
Median: 7.56%
Q1: -5.43%
Min: -41.32%

Largest peers

SCCO: 52.88%
NEM: 27.26%
BHP: 24.00%
AEM: 22.97%
RIO: 19.31%
LIN: 18.40%
FCX: 14.76%

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 Margin (TTM)

Freeport-McMoRan (FCX) keeps 11.39% 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

11.39%

Group distribution

Max: 40.44%
Q3: 16.91%
FCX: 11.39%
Median: 4.50%
Q1: 0.00%
Min: -22.98%

Largest peers

AEM: 40.44%
SCCO: 37.16%
NEM: 34.73%
LIN: 20.44%
RIO: 19.59%
BHP: 16.73%
FCX: 11.39%

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 Margin (TTM)

Freeport-McMoRan (FCX) turns 33.40% 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

33.40%

Group distribution

Max: 66.54%
FCX: 33.40%
Q3: 29.02%
Median: 12.77%
Q1: 2.41%
Min: -29.20%

Largest peers

SCCO: 59.94%
AEM: 58.11%
NEM: 49.99%
BHP: 43.34%
FCX: 33.40%
LIN: 28.12%
RIO: 28.05%

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 Metrics

Freeport-McMoRan (FCX) metric values compared with Materials industry-group medians
Metric	Current stock: FCX	Industry group median
ROE (TTM)	14.76%	7.56%
ROA (TTM)	7.59%	4.53%
Net Margin (TTM)	11.39%	4.50%
Operating Margin (TTM)	33.40%	12.77%
Gross Margin (TTM)	38.28%	27.83%

Growth

Revenue Growth

Freeport-McMoRan (FCX) grew revenue 1.81%, roughly around the peer group's normal range. Top-line momentum looks broadly typical for the industry.

Freeport-McMoRan (FCX): Revenue Growth across different time periods, set against Materials industry-group medians.

EPS Growth

Freeport-McMoRan (FCX) grew earnings per share 16.92%, roughly around the peer group's normal range. Bottom-line momentum looks broadly typical for the industry.

Freeport-McMoRan (FCX): EPS Growth across different time periods, set against Materials industry-group medians.

Growth Metrics

Freeport-McMoRan (FCX) metric values compared with Materials industry-group medians
Metric	Current stock: FCX	Industry group median
Revenue Growth (YoY)	1.81%	7.64%
Revenue Growth (3Y CAGR)	4.39%	0.46%
EPS Growth (YoY)	16.92%	-2.75%
EPS Growth (3Y CAGR)	-14.00%	2.16%

Financial Strength

Current Ratio (MRQ)

Freeport-McMoRan (FCX) has current ratio of 2.07, 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

2.07

Group distribution

Max: 5.85
Q3: 3.38
Median: 2.23
FCX: 2.07
Q1: 1.45
Min: 0.16

Largest peers

SCCO: 4.31
AEM: 2.86
NEM: 2.45
FCX: 2.07
BHP: 1.89
RIO: 1.42
LIN: 0.88

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 / Equity (MRQ)

Freeport-McMoRan (FCX) has debt-to-equity ratio of 0.32, 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

0.32

Group distribution

Max: 2.03
Q3: 0.93
Median: 0.47
FCX: 0.32
Q1: 0.13
Min: 0.00

Largest peers

LIN: 0.69
SCCO: 0.63
BHP: 0.50
FCX: 0.32
RIO: 0.32
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 Metrics

Freeport-McMoRan (FCX) metric values compared with Materials industry-group medians
Metric	Current stock: FCX	Industry group median
Current Ratio (MRQ)	2.07	2.23
Debt / Equity (MRQ)	0.32	0.47
Net Debt / EBITDA	0.66	1.54

Dividends

Dividend Yield (TTM)

Freeport-McMoRan (FCX) has dividend yield of 0.93%, 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

0.93%

Group distribution

Max: 4.46%
Q3: 1.86%
FCX: 0.93%
Median: 0.43%
Q1: 0.00%
Min: 0.00%

Largest peers

RIO: 5.53%
BHP: 2.22%
SCCO: 2.09%
LIN: 1.21%
AEM: 0.97%
FCX: 0.93%
NEM: 0.91%

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 29.56%, 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

29.56%

Group distribution

Max: 87.47%
Q3: 40.42%
FCX: 29.56%
Median: 11.56%
Q1: 0.00%
Min: 0.00%

Largest peers

BHP: 68.84%
RIO: 54.46%
SCCO: 53.90%
LIN: 40.03%
FCX: 29.56%
AEM: 14.54%
NEM: 11.95%

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.

Dividend Metrics

Freeport-McMoRan (FCX) metric values compared with Materials industry-group medians
Metric	Current stock: FCX	Industry group median
Dividend Yield (TTM)	0.93%	0.43%
Dividend Payout Ratio (TTM)	29.56%	11.56%

Valuation

P/E Ratio (TTM)

Freeport-McMoRan (FCX) trades at P/E ratio of 32.11, 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

32.11

Group distribution

Max: 57.00
FCX: 32.11
Q3: 31.07
Median: 19.38
Q1: 11.61
Min: 5.43

Largest peers

LIN: 32.85
FCX: 32.11
SCCO: 24.60
BHP: 20.17
AEM: 14.88
NEM: 12.63
RIO: 11.30

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.

P/S Ratio (TTM)

Freeport-McMoRan (FCX) trades at 3.62 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

3.62

Group distribution

Max: 8.50
Q3: 4.04
FCX: 3.62
Median: 1.79
Q1: 0.69
Min: 0.00

Largest peers

SCCO: 9.13
LIN: 6.62
AEM: 6.06
NEM: 4.25
FCX: 3.62
BHP: 3.37
RIO: 2.20

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.

P/B Ratio (MRQ)

Freeport-McMoRan (FCX) trades at 4.65 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

4.65

Group distribution

Max: 6.69
FCX: 4.65
Q3: 3.43
Median: 2.07
Q1: 1.25
Min: -0.27

Largest peers

SCCO: 11.56
LIN: 6.00
FCX: 4.65
BHP: 3.88
NEM: 3.18
AEM: 3.08
RIO: 2.07

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 Metrics

Freeport-McMoRan (FCX) metric values compared with Materials industry-group medians
Metric	Current stock: FCX	Industry group median
P/E Ratio (TTM)	32.11	19.38
P/S Ratio (TTM)	3.62	1.79
P/B Ratio (MRQ)	4.65	2.07
Free Cash Flow Yield (TTM)	2.31%	2.48%