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

July 31, 2026

How do BHP (BHP) 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

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

Freeport-McMoRan (FCX) trades as ordinary local shares, while BHP (BHP) trades as an ADR — compare with FX exposure, depositary-program fees, and dividend-withholding-tax differences in mind.

Company profile comparison for BHP (BHP) and Freeport-McMoRan (FCX)
Profile Item	BHP	FCX
Name	BHP Group Ltd.	Freeport-McMoRan Inc.
Country/Region	Australia	United States
GICS Sector	Materials	Materials
GICS Industry Group	Materials	Materials
GICS Industry	Metals & Mining	Metals & Mining
GICS Sub-Industry	Diversified Metals & Mining	Copper
Market Capitalization	218.22 billion USD	91.20 billion USD
Currency	USD	USD
Exchange	NYSE	NYSE
Listing Date	March 17, 1980	July 10, 1995
Security Type	ADR	Common Stock

Price Performance

Cumulative Growth

BHP

FCX

GSPC

BHP (BHP) 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 BHP (BHP) and Freeport-McMoRan (FCX). Returns over one year are annualized.

Calendar-Year Returns

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

Performance Metrics

Price performance metrics for BHP (BHP) and Freeport-McMoRan (FCX)
Metric	BHP	FCX
Total Return (1Y)	72.94%	63.83%
Total Return (3Y, Annualized)	16.45%	14.77%
Total Return (5Y, Annualized)	11.10%	12.27%

Risk Profile

Drawdown History

BHP

FCX

GSPC

BHP (BHP) 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 BHP (BHP) and Freeport-McMoRan (FCX). Each bar is the share of months whose return fell in that 5% bucket.

Risk Metrics

Risk profile metrics for BHP (BHP) and Freeport-McMoRan (FCX)
Metric	BHP	FCX
Volatility (1Y, Annualized)	32.81%	49.50%
Beta (5Y)	0.75	1.37
Max Drawdown (5Y)	-37.21%	-51.26%
Avg. Volume (3M)	2.66M	14.61M

Risk-Adjusted Performance

Risk-Return Positioning

BHP 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 BHP (BHP) and Freeport-McMoRan (FCX)
Metric	BHP	FCX
Sharpe Ratio (1Y)	2.10	1.21
Sortino Ratio (1Y)	3.17	1.65

Profitability

ROE (TTM)

BHP (BHP) at 24.71% sits in the top ROE quartile, while Freeport-McMoRan (FCX) at 14.76% is closer to the peer norm — stronger capital efficiency for BHP.

BHP

Materials industry group

24.71%

Max: 51.93%
BHP: 24.71%
Q3: 18.20%
Median: 5.99%
Q1: -9.69%
Min: -50.42%

FCX

Materials industry group

14.76%

Max: 51.93%
Q3: 18.20%
FCX: 14.76%
Median: 5.99%
Q1: -9.69%
Min: -50.42%

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

Net Margin (TTM)

BHP (BHP) at 18.97% retains a top-quartile share of revenue as profit, ahead of Freeport-McMoRan (FCX) at 11.39%, which keeps about the industry-typical share.

BHP

Materials industry group

18.97%

Max: 35.99%
BHP: 18.97%
Q3: 14.91%
Median: 3.99%
Q1: 0.00%
Min: -21.87%

FCX

Materials industry group

11.39%

Max: 35.99%
Q3: 14.91%
FCX: 11.39%
Median: 3.99%
Q1: 0.00%
Min: -21.87%

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

Operating Margin (TTM)

Both BHP (BHP) at 40.73% and Freeport-McMoRan (FCX) at 33.40% convert sales into operating profit at a top-quartile rate, pointing to tighter cost discipline before financing and tax.

BHP

Materials industry group

40.73%

Max: 66.92%
BHP: 40.73%
Q3: 27.44%
Median: 10.11%
Q1: 0.00%
Min: -32.85%

FCX

Materials industry group

33.40%

Max: 66.92%
FCX: 33.40%
Q3: 27.44%
Median: 10.11%
Q1: 0.00%
Min: -32.85%

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

Profitability Metrics

Profitability metrics for BHP (BHP) and Freeport-McMoRan (FCX)
Metric	BHP	FCX
ROE (TTM)	24.71%	14.76%
ROA (TTM)	12.23%	7.59%
Net Margin (TTM)	18.97%	11.39%
Operating Margin (TTM)	40.73%	33.40%
Gross Margin (TTM)	83.09%	38.28%

Growth

Revenue Growth

Freeport-McMoRan (FCX) at 1.81% is around its peer norm for revenue growth, while BHP (BHP) at -7.90% drops into the bottom quartile, signaling weaker demand or pricing momentum.

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

EPS Growth

Both BHP (BHP) at 14.08% 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.

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

Growth Metrics

Growth metrics for BHP (BHP) and Freeport-McMoRan (FCX)
Metric	BHP	FCX
Revenue Growth (YoY)	-7.90%	1.81%
Revenue Growth (3Y CAGR)	-7.66%	4.39%
EPS Growth (YoY)	14.08%	16.92%
EPS Growth (3Y CAGR)	-33.72%	-14.00%

Financial Strength

Current Ratio (MRQ)

Both BHP (BHP) at 1.65 and Freeport-McMoRan (FCX) at 2.07 carry current ratio within their industries’ typical mid-ranges, suggesting balanced short-term liquidity relative to peers.

BHP

Materials industry group

1.65

Max: 6.31
Q3: 3.49
Median: 2.23
BHP: 1.65
Q1: 1.42
Min: 0.12

FCX

Materials industry group

2.07

Max: 6.31
Q3: 3.49
Median: 2.23
FCX: 2.07
Q1: 1.42
Min: 0.12

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

Debt / Equity (MRQ)

Both BHP (BHP) at 0.53 and Freeport-McMoRan (FCX) at 0.32 fund their balance sheets with roughly industry-typical debt-to-equity mixes.

BHP

Materials industry group

0.53

Max: 2.02
Q3: 0.92
BHP: 0.53
Median: 0.44
Q1: 0.13
Min: 0.00

FCX

Materials industry group

0.32

Max: 2.02
Q3: 0.92
Median: 0.44
FCX: 0.32
Q1: 0.13
Min: 0.00

BHP (BHP) 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 BHP (BHP) and Freeport-McMoRan (FCX)
Metric	BHP	FCX
Current Ratio (MRQ)	1.65	2.07
Debt / Equity (MRQ)	0.53	0.32
Net Debt / EBITDA	0.60	0.66

Dividends

Dividend Yield (TTM)

Both BHP (BHP) at 1.60% and Freeport-McMoRan (FCX) at 1.00% pay solid, industry-typical yields, sitting squarely within their peers’ usual range.

BHP

Materials industry group

1.60%

Max: 4.91%
Q3: 1.96%
BHP: 1.60%
Median: 0.46%
Q1: 0.00%
Min: 0.00%

FCX

Materials industry group

1.00%

Max: 4.91%
Q3: 1.96%
FCX: 1.00%
Median: 0.46%
Q1: 0.00%
Min: 0.00%

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

Dividend Payout Ratio (TTM)

Freeport-McMoRan (FCX) at 29.41% pays out a band-typical share of earnings, while BHP (BHP) at 54.64% distributes more than its industry norm — less retained, thinner cover.

BHP

Materials industry group

54.64%

Max: 97.44%
BHP: 54.64%
Q3: 40.00%
Median: 9.04%
Q1: 0.00%
Min: 0.00%

FCX

Materials industry group

29.41%

Max: 97.44%
Q3: 40.00%
FCX: 29.41%
Median: 9.04%
Q1: 0.00%
Min: 0.00%

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

Dividend Metrics

Dividend metrics for BHP (BHP) and Freeport-McMoRan (FCX)
Metric	BHP	FCX
Dividend Yield (TTM)	1.60%	1.00%
Dividend Payout Ratio (TTM)	54.64%	29.41%

Valuation

P/E Ratio (TTM)

Both BHP (BHP) at 20.65 and Freeport-McMoRan (FCX) at 29.37 land around their industries’ usual P/E ratio levels — neither is getting a clear earnings-multiple discount or premium versus peers.

BHP

Materials industry group

20.65

Max: 58.49
Q3: 31.23
BHP: 20.65
Median: 20.26
Q1: 12.90
Min: 4.66

FCX

Materials industry group

29.37

Max: 58.49
Q3: 31.23
FCX: 29.37
Median: 20.26
Q1: 12.90
Min: 4.66

BHP (BHP) 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 3.53 is priced about in line with its industry on P/S ratio, while BHP (BHP) at 4.04 sits in the pricier quartile — BHP costs more per dollar of sales.

BHP

Materials industry group

4.04

Max: 8.72
BHP: 4.04
Q3: 4.01
Median: 1.86
Q1: 0.73
Min: 0.00

FCX

Materials industry group

3.53

Max: 8.72
Q3: 4.01
FCX: 3.53
Median: 1.86
Q1: 0.73
Min: 0.00

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

P/B Ratio (MRQ)

Both BHP (BHP) at 4.33 and Freeport-McMoRan (FCX) at 4.42 carry a premium to book value versus peers, sitting in the upper P/B ratio quartile of their industries.

BHP

Materials industry group

4.33

Max: 7.76
BHP: 4.33
Q3: 3.99
Median: 2.25
Q1: 1.38
Min: -0.30

FCX

Materials industry group

4.42

Max: 7.76
FCX: 4.42
Q3: 3.99
Median: 2.25
Q1: 1.38
Min: -0.30

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

Valuation Metrics

Valuation metrics for BHP (BHP) and Freeport-McMoRan (FCX)
Metric	BHP	FCX
P/E Ratio (TTM)	20.65	29.37
P/S Ratio (TTM)	4.04	3.53
P/B Ratio (MRQ)	4.33	4.42
Free Cash Flow Yield (TTM)	3.73%	2.37%