FCX vs. FNV: Freeport-McMoRan vs. Franco-Nevada Stock Comparison

November 11, 2026

How do Freeport-McMoRan (FCX) and Franco-Nevada (FNV) 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

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

Company profile comparison for Freeport-McMoRan (FCX) and Franco-Nevada (FNV)
Profile Item	FCX	FNV
Name	Freeport-McMoRan Inc.	Franco-Nevada Corporation
Country/Region	United States	Canada
GICS Sector	Materials	Materials
GICS Industry Group	Materials	Materials
GICS Industry	Metals & Mining	Metals & Mining
GICS Sub-Industry	Copper	Gold
Market Capitalization	85.33 billion USD	49.17 billion USD
Currency	USD	USD
Exchange	NYSE	NYSE
Listing Date	July 10, 1995	December 7, 2007
Security Type	Common Stock	Common Stock

Price Performance

Cumulative Growth

FCX

FNV

GSPC

Freeport-McMoRan (FCX) vs. Franco-Nevada (FNV), 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 Freeport-McMoRan (FCX) and Franco-Nevada (FNV). Returns over one year are annualized.

Calendar-Year Returns

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

Performance Metrics

Price performance metrics for Freeport-McMoRan (FCX) and Franco-Nevada (FNV)
Metric	FCX	FNV
Total Return (1Y)	58.58%	37.48%
Total Return (3Y, Annualized)	24.99%	30.93%
Total Return (5Y, Annualized)	11.32%	13.51%

Risk Profile

Drawdown History

FCX

FNV

GSPC

Freeport-McMoRan (FCX) vs. Franco-Nevada (FNV), 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 Freeport-McMoRan (FCX) and Franco-Nevada (FNV). Each bar is the share of months whose return fell in that 5% bucket.

Risk Metrics

Freeport-McMoRan (FCX) has an aggressive beta of 1.37, indicating higher sensitivity to broad-market moves, while Franco-Nevada (FNV) is defensive at 0.28 and tends to be less market-sensitive — they sit on opposite ends of the beta spectrum.

Freeport-McMoRan (FCX) is heavily traded at around 12.34M shares per day, whereas Franco-Nevada (FNV) sees a more moderate 716.56K — larger orders in the latter may require more patience and tighter control over order sizing.

Risk profile metrics for Freeport-McMoRan (FCX) and Franco-Nevada (FNV)
Metric	FCX	FNV
Volatility (1Y, Annualized)	48.40%	39.71%
Beta (5Y)	1.37	0.28
Max Drawdown (5Y)	-51.26%	-37.12%
Avg. Volume (3M)	12.34M	716.56K

Risk-Adjusted Performance

Risk-Return Positioning

FCX and FNV 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 Freeport-McMoRan (FCX) and Franco-Nevada (FNV)
Metric	FCX	FNV
Sharpe Ratio (1Y)	1.12	0.84
Sortino Ratio (1Y)	1.61	1.19

Profitability

ROE (TTM)

Franco-Nevada (FNV) at 19.91% sits in the top ROE quartile, while Freeport-McMoRan (FCX) at 15.72% is closer to the peer norm — stronger capital efficiency for FNV.

FCX

Materials industry group

15.72%

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

FNV

Materials industry group

19.91%

Max: 52.88%
FNV: 19.91%
Q3: 19.49%
Median: 8.76%
Q1: -3.41%
Min: -32.81%

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

Net Margin (TTM)

Franco-Nevada (FNV) at 64.23% converts revenue to bottom-line profit above its industry’s benchmark range, while Freeport-McMoRan (FCX) at 13.03% keeps roughly the typical share for its industry.

FCX

Materials industry group

13.03%

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

FNV

Materials industry group

64.23%

FNV: 64.23%
Max: 38.66%
Q3: 15.98%
Median: 5.28%
Q1: 0.00%
Min: -20.40%

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

Operating Margin (TTM)

Franco-Nevada (FNV) at 76.98% shows unusually strong operating efficiency — above its industry’s operating margin range — and Freeport-McMoRan (FCX) at 35.26% also operates in the top quartile.

FCX

Materials industry group

35.26%

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

FNV

Materials industry group

76.98%

FNV: 76.98%
Max: 66.70%
Q3: 28.92%
Median: 12.56%
Q1: 3.28%
Min: -14.07%

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

Profitability Metrics

Profitability metrics for Freeport-McMoRan (FCX) and Franco-Nevada (FNV)
Metric	FCX	FNV
ROE (TTM)	15.72%	19.91%
ROA (TTM)	7.99%	13.74%
Net Margin (TTM)	13.03%	64.23%
Operating Margin (TTM)	35.26%	76.98%
Gross Margin (TTM)	38.86%	92.09%

Growth

Revenue Growth

Franco-Nevada (FNV) at 63.69% sits in the top revenue growth quartile, while Freeport-McMoRan (FCX) at 1.81% is closer to the peer norm — faster top-line expansion for FNV.

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

EPS Growth

Both Freeport-McMoRan (FCX) at 16.92% and Franco-Nevada (FNV) at 100.70% land near their industries' usual EPS growth ranges, so bottom-line momentum looks broadly in line with peers on both sides.

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

Growth Metrics

Growth metrics for Freeport-McMoRan (FCX) and Franco-Nevada (FNV)
Metric	FCX	FNV
Revenue Growth (YoY)	1.81%	63.69%
Revenue Growth (3Y CAGR)	4.39%	11.48%
EPS Growth (YoY)	16.92%	100.70%
EPS Growth (3Y CAGR)	-14.00%	16.42%

Financial Strength

Current Ratio (MRQ)

Freeport-McMoRan (FCX) at 2.02 keeps current ratio within its industry’s typical mid-range, while Franco-Nevada (FNV) at 9.38 sits above its industry’s typical mid-range — comfortable liquidity, though possibly with more idle current assets relative to peers.

FCX

Materials industry group

2.02

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

FNV

Materials industry group

9.38

FNV: 9.38
Max: 5.96
Q3: 3.30
Median: 2.24
Q1: 1.45
Min: 0.16

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

Debt / Equity (MRQ)

Only one side’s leverage can be read here: Freeport-McMoRan (FCX) carries debt-to-equity ratio of 0.31 against its industry range, while Franco-Nevada (FNV) reports no figure this period.

FCX

Materials industry group

0.31

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

FNV

Materials industry group

Max: 1.98
Q3: 0.89
Median: 0.47
Q1: 0.13
Min: 0.00
FNV: --

Freeport-McMoRan (FCX) vs. Franco-Nevada (FNV): FNV does not report debt-to-equity ratio, so it has no value marker; FCX is benchmarked against the Materials industry group.

Financial Strength Metrics

Financial strength metrics for Freeport-McMoRan (FCX) and Franco-Nevada (FNV)
Metric	FCX	FNV
Current Ratio (MRQ)	2.02	9.38
Debt / Equity (MRQ)	0.31	--
Net Debt / EBITDA	0.60	-0.49

Dividends

Dividend Yield (TTM)

Both Freeport-McMoRan (FCX) at 1.04% and Franco-Nevada (FNV) at 0.65% pay solid, industry-typical yields, sitting squarely within their peers’ usual range.

FCX

Materials industry group

1.04%

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

FNV

Materials industry group

0.65%

Max: 4.52%
Q3: 1.85%
FNV: 0.65%
Median: 0.38%
Q1: 0.00%
Min: 0.00%

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

Dividend Payout Ratio (TTM)

Both Freeport-McMoRan (FCX) at 25.21% and Franco-Nevada (FNV) at 21.44% keep payout ratio within their industries’ typical mid-ranges — dividend policies that share earnings without consuming too much of them.

FCX

Materials industry group

25.21%

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

FNV

Materials industry group

21.44%

Max: 83.62%
Q3: 41.37%
FNV: 21.44%
Median: 9.54%
Q1: 0.00%
Min: 0.00%

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

Dividend Metrics

Dividend metrics for Freeport-McMoRan (FCX) and Franco-Nevada (FNV)
Metric	FCX	FNV
Dividend Yield (TTM)	1.04%	0.65%
Dividend Payout Ratio (TTM)	25.21%	21.44%

Valuation

P/E Ratio (TTM)

Freeport-McMoRan (FCX) at 24.97 is near its industry’s usual P/E ratio, while Franco-Nevada (FNV) at 33.33 sits in the richer quartile — FNV needs stronger growth or earnings quality to justify the premium.

FCX

Materials industry group

24.97

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

FNV

Materials industry group

33.33

Max: 59.00
FNV: 33.33
Q3: 32.93
Median: 18.82
Q1: 11.96
Min: 3.93

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

P/S Ratio (TTM)

Freeport-McMoRan (FCX) at 3.23 prices around its industry’s typical P/S ratio, while Franco-Nevada (FNV) at 21.37 clears its benchmark range — FNV looks notably rich on sales.

FCX

Materials industry group

3.23

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

FNV

Materials industry group

21.37

FNV: 21.37
Max: 9.62
Q3: 4.34
Median: 1.87
Q1: 0.73
Min: 0.00

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

P/B Ratio (MRQ)

Both Freeport-McMoRan (FCX) at 3.97 and Franco-Nevada (FNV) at 5.97 carry a premium to book value versus peers, sitting in the upper P/B ratio quartile of their industries.

FCX

Materials industry group

3.97

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

FNV

Materials industry group

5.97

Max: 6.59
FNV: 5.97
Q3: 3.55
Median: 2.08
Q1: 1.26
Min: -0.17

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

Valuation Metrics

Valuation metrics for Freeport-McMoRan (FCX) and Franco-Nevada (FNV)
Metric	FCX	FNV
P/E Ratio (TTM)	24.97	33.33
P/S Ratio (TTM)	3.23	21.37
P/B Ratio (MRQ)	3.97	5.97
Free Cash Flow Yield (TTM)	2.19%	0.96%