ATI vs. FCX: ATI vs. Freeport-McMoRan Stock Comparison

November 11, 2026

How do ATI (ATI) and Freeport-McMoRan (FCX) stack up? This page sets them side by side across company profile, performance and risk, profitability, growth, financial strength, dividends, and valuation, with selected fundamentals also measured against each stock's industry-group peers.

Company Profile

ATI (ATI) and Freeport-McMoRan (FCX) both belong to the Metals & Mining industry, though ATI is classified under Steel while FCX falls under Copper.

Company profile comparison for ATI (ATI) and Freeport-McMoRan (FCX)
Profile Item	ATI	FCX
Name	ATI Inc.	Freeport-McMoRan Inc.
Country/Region	United States	United States
GICS Sector	Materials	Materials
GICS Industry Group	Materials	Materials
GICS Industry	Metals & Mining	Metals & Mining
GICS Sub-Industry	Steel	Copper
Market Capitalization	23.88 billion USD	85.33 billion USD
Currency	USD	USD
Exchange	NYSE	NYSE
Listing Date	November 29, 1999	July 10, 1995
Security Type	Common Stock	Common Stock

Price Performance

Cumulative Growth

ATI

FCX

GSPC

ATI (ATI) vs. Freeport-McMoRan (FCX), with S&P 500 (GSPC) for reference: 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 ATI (ATI) and Freeport-McMoRan (FCX). Returns over one year are annualized.

Calendar-Year Returns

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

Performance Metrics

Price performance metrics for ATI (ATI) and Freeport-McMoRan (FCX)
Metric	ATI	FCX
Total Return (1Y)	93.55%	58.58%
Total Return (3Y, Annualized)	64.24%	24.99%
Total Return (5Y, Annualized)	60.89%	11.32%

Risk Profile

Drawdown History

ATI

FCX

GSPC

ATI (ATI) vs. Freeport-McMoRan (FCX), with S&P 500 (GSPC) for reference: 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 ATI (ATI) and Freeport-McMoRan (FCX). Each bar is the share of months whose return fell in that 5% bucket.

Risk Metrics

Risk profile metrics for ATI (ATI) and Freeport-McMoRan (FCX)
Metric	ATI	FCX
Volatility (1Y, Annualized)	43.42%	48.40%
Beta (5Y)	1.03	1.37
Max Drawdown (5Y)	-38.02%	-51.26%
Avg. Volume (3M)	1.70M	12.34M

Risk-Adjusted Performance

Risk-Return Positioning

ATI and FCX are plotted by 1-year volatility (risk) and 1-year return. The dashed Capital Allocation Line runs from the risk-free rate through the shared industry median.

Risk-Adjusted Metrics

Risk-adjusted metrics for ATI (ATI) and Freeport-McMoRan (FCX)
Metric	ATI	FCX
Sharpe Ratio (1Y)	2.06	1.12
Sortino Ratio (1Y)	3.23	1.61

Profitability

ROE (TTM)

ATI (ATI) at 28.73% sits in the top ROE quartile, while Freeport-McMoRan (FCX) at 15.72% is closer to the peer norm — stronger capital efficiency for ATI.

ATI

Materials industry group

28.73%

Max: 52.88%
ATI: 28.73%
Q3: 19.49%
Median: 8.76%
Q1: -3.41%
Min: -32.81%

FCX

Materials industry group

15.72%

Max: 52.88%
Q3: 19.49%
FCX: 15.72%
Median: 8.76%
Q1: -3.41%
Min: -32.81%

ATI (ATI) vs. Freeport-McMoRan (FCX): A comparison of their ROE against the Materials industry group benchmark.

Net Margin (TTM)

Both ATI (ATI) at 11.08% and Freeport-McMoRan (FCX) at 13.03% keep about the typical share of revenue as profit for their industries — neither bottom line stands out from peers.

ATI

Materials industry group

11.08%

Max: 38.66%
Q3: 15.98%
ATI: 11.08%
Median: 5.28%
Q1: 0.00%
Min: -20.40%

FCX

Materials industry group

13.03%

Max: 38.66%
Q3: 15.98%
FCX: 13.03%
Median: 5.28%
Q1: 0.00%
Min: -20.40%

ATI (ATI) vs. Freeport-McMoRan (FCX): A comparison of their net margin against the Materials industry group benchmark.

Operating Margin (TTM)

Freeport-McMoRan (FCX) at 35.26% operates in the top operating margin quartile, ahead of ATI (ATI) at 19.86%, which runs around its industry’s norm.

ATI

Materials industry group

19.86%

Max: 66.70%
Q3: 28.92%
ATI: 19.86%
Median: 12.56%
Q1: 3.28%
Min: -14.07%

FCX

Materials industry group

35.26%

Max: 66.70%
FCX: 35.26%
Q3: 28.92%
Median: 12.56%
Q1: 3.28%
Min: -14.07%

ATI (ATI) vs. Freeport-McMoRan (FCX): A comparison of their operating margin against the Materials industry group benchmark.

Profitability Metrics

Profitability metrics for ATI (ATI) and Freeport-McMoRan (FCX)
Metric	ATI	FCX
ROE (TTM)	28.73%	15.72%
ROA (TTM)	10.41%	7.99%
Net Margin (TTM)	11.08%	13.03%
Operating Margin (TTM)	19.86%	35.26%
Gross Margin (TTM)	25.08%	38.86%

Growth

Revenue Growth

Both ATI (ATI) at 5.16% and Freeport-McMoRan (FCX) at 1.81% land near their industries' usual revenue growth ranges, so top-line momentum looks broadly in line with peers on both sides.

ATI (ATI) vs. Freeport-McMoRan (FCX): A comparison of their Revenue Growth across different time periods.

EPS Growth

Both ATI (ATI) at 11.76% and Freeport-McMoRan (FCX) at 16.92% land near their industries' usual EPS growth ranges, so bottom-line momentum looks broadly in line with peers on both sides.

ATI (ATI) vs. Freeport-McMoRan (FCX): A comparison of their EPS Growth across different time periods.

Growth Metrics

Growth metrics for ATI (ATI) and Freeport-McMoRan (FCX)
Metric	ATI	FCX
Revenue Growth (YoY)	5.16%	1.81%
Revenue Growth (3Y CAGR)	6.14%	4.39%
EPS Growth (YoY)	11.76%	16.92%
EPS Growth (3Y CAGR)	43.72%	-14.00%

Financial Strength

Current Ratio (MRQ)

Both ATI (ATI) at 2.77 and Freeport-McMoRan (FCX) at 2.02 carry current ratio within their industries’ typical mid-ranges, suggesting balanced short-term liquidity relative to peers.

ATI

Materials industry group

2.77

Max: 5.96
Q3: 3.30
ATI: 2.77
Median: 2.24
Q1: 1.45
Min: 0.16

FCX

Materials industry group

2.02

Max: 5.96
Q3: 3.30
Median: 2.24
FCX: 2.02
Q1: 1.45
Min: 0.16

ATI (ATI) vs. Freeport-McMoRan (FCX): A comparison of their current ratio against the Materials industry group benchmark.

Debt / Equity (MRQ)

Both ATI (ATI) at 0.87 and Freeport-McMoRan (FCX) at 0.31 fund their balance sheets with roughly industry-typical debt-to-equity mixes.

ATI

Materials industry group

0.87

Max: 1.98
Q3: 0.89
ATI: 0.87
Median: 0.47
Q1: 0.13
Min: 0.00

FCX

Materials industry group

0.31

Max: 1.98
Q3: 0.89
Median: 0.47
FCX: 0.31
Q1: 0.13
Min: 0.00

ATI (ATI) vs. Freeport-McMoRan (FCX): A comparison of their debt-to-equity ratio against the Materials industry group benchmark.

Financial Strength Metrics

Financial strength metrics for ATI (ATI) and Freeport-McMoRan (FCX)
Metric	ATI	FCX
Current Ratio (MRQ)	2.77	2.02
Debt / Equity (MRQ)	0.87	0.31
Net Debt / EBITDA	1.36	0.60

Dividends

Dividend Yield (TTM)

ATI (ATI) pays no dividend (yield 0.00%) — it may be reinvesting, using buybacks, or simply not returning cash through dividends. Meanwhile Freeport-McMoRan (FCX) reports a yield of 1.04%, ranking against industry peers normally.

ATI

Materials industry group

0.00%

Max: 4.52%
Q3: 1.85%
Median: 0.38%
ATI: 0.00%
Q1: 0.00%
Min: 0.00%

FCX

Materials industry group

1.04%

Max: 4.52%
Q3: 1.85%
FCX: 1.04%
Median: 0.38%
Q1: 0.00%
Min: 0.00%

ATI (ATI) vs. Freeport-McMoRan (FCX): A comparison of their dividend yield against the Materials industry group benchmark.

Dividend Payout Ratio (TTM)

ATI (ATI) pays no dividend (payout 0.00%) — it may be reinvesting, using buybacks, or simply not returning cash through dividends. Meanwhile Freeport-McMoRan (FCX) reports a payout of 25.21%, ranking against industry peers normally.

ATI

Materials industry group

0.00%

Max: 83.62%
Q3: 41.37%
Median: 9.54%
ATI: 0.00%
Q1: 0.00%
Min: 0.00%

FCX

Materials industry group

25.21%

Max: 83.62%
Q3: 41.37%
FCX: 25.21%
Median: 9.54%
Q1: 0.00%
Min: 0.00%

ATI (ATI) vs. Freeport-McMoRan (FCX): A comparison of their payout ratio against the Materials industry group benchmark.

Dividend Metrics

Dividend metrics for ATI (ATI) and Freeport-McMoRan (FCX)
Metric	ATI	FCX
Dividend Yield (TTM)	0.00%	1.04%
Dividend Payout Ratio (TTM)	0.00%	25.21%

Valuation

P/E Ratio (TTM)

Freeport-McMoRan (FCX) at 24.97 is near its industry’s usual P/E ratio, while ATI (ATI) at 43.95 sits in the richer quartile — ATI needs stronger growth or earnings quality to justify the premium.

ATI

Materials industry group

43.95

Max: 59.00
ATI: 43.95
Q3: 32.93
Median: 18.82
Q1: 11.96
Min: 3.93

FCX

Materials industry group

24.97

Max: 59.00
Q3: 32.93
FCX: 24.97
Median: 18.82
Q1: 11.96
Min: 3.93

ATI (ATI) vs. Freeport-McMoRan (FCX): A comparison of their P/E ratio against the Materials industry group benchmark.

P/S Ratio (TTM)

Freeport-McMoRan (FCX) at 3.23 is priced about in line with its industry on P/S ratio, while ATI (ATI) at 4.76 sits in the pricier quartile — ATI costs more per dollar of sales.

ATI

Materials industry group

4.76

Max: 9.62
ATI: 4.76
Q3: 4.34
Median: 1.87
Q1: 0.73
Min: 0.00

FCX

Materials industry group

3.23

Max: 9.62
Q3: 4.34
FCX: 3.23
Median: 1.87
Q1: 0.73
Min: 0.00

ATI (ATI) vs. Freeport-McMoRan (FCX): A comparison of their P/S ratio against the Materials industry group benchmark.

P/B Ratio (MRQ)

Both look rich against book: Freeport-McMoRan (FCX) at 3.97 sits in the upper P/B ratio quartile, and ATI (ATI) at 11.91 prices even higher, above its industry range.

ATI

Materials industry group

11.91

ATI: 11.91
Max: 6.59
Q3: 3.55
Median: 2.08
Q1: 1.26
Min: -0.17

FCX

Materials industry group

3.97

Max: 6.59
FCX: 3.97
Q3: 3.55
Median: 2.08
Q1: 1.26
Min: -0.17

ATI (ATI) vs. Freeport-McMoRan (FCX): A comparison of their P/B ratio against the Materials industry group benchmark.

Valuation Metrics

Valuation metrics for ATI (ATI) and Freeport-McMoRan (FCX)
Metric	ATI	FCX
P/E Ratio (TTM)	43.95	24.97
P/S Ratio (TTM)	4.76	3.23
P/B Ratio (MRQ)	11.91	3.97
Free Cash Flow Yield (TTM)	1.01%	2.19%