FCX vs. HMY: Freeport-McMoRan vs. Harmony Gold Mining Stock Comparison
How do Freeport-McMoRan (FCX) and Harmony Gold Mining (HMY) 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 Harmony Gold Mining (HMY) both belong to the Metals & Mining industry, though FCX is classified under Copper while HMY falls under Gold.
Freeport-McMoRan (FCX) trades as ordinary local shares, while Harmony Gold Mining (HMY) trades as an ADR — compare with FX exposure, depositary-program fees, and dividend-withholding-tax differences in mind.
| Profile Item | FCX | HMY |
|---|---|---|
| Name | Freeport-McMoRan Inc. | Harmony Gold Mining Company Limited - Depositary Receipt (Common Stock) |
| Country/Region | United States | South Africa |
| 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 | 10.77 billion USD |
| Currency | USD | USD |
| Exchange | NYSE | NYSE |
| Listing Date | July 10, 1995 | May 17, 1994 |
| Security Type | Common Stock | ADR |
Price Performance
Cumulative Growth
Trailing Returns
Calendar-Year Returns
Performance Metrics
| Metric | FCX | HMY |
|---|---|---|
| Total Return (1Y) | 58.58% | 10.98% |
| Total Return (3Y, Annualized) | 24.99% | 60.07% |
| Total Return (5Y, Annualized) | 11.32% | 39.44% |
Risk Profile
Drawdown History
Return Distribution
Risk Metrics
| Metric | FCX | HMY |
|---|---|---|
| Volatility (1Y, Annualized) | 48.40% | 63.56% |
| Beta (5Y) | 1.37 | 1.08 |
| Max Drawdown (5Y) | -51.26% | -62.48% |
| Avg. Volume (3M) | 12.34M | 3.68M |
Risk-Adjusted Performance
Risk-Return Positioning
Risk-Adjusted Metrics
| Metric | FCX | HMY |
|---|---|---|
| Sharpe Ratio (1Y) | 1.12 | 0.11 |
| Sortino Ratio (1Y) | 1.61 | 0.15 |
Profitability
ROE (TTM)
Harmony Gold Mining (HMY) at 48.05% sits in the top ROE quartile, while Freeport-McMoRan (FCX) at 15.72% is closer to the peer norm — stronger capital efficiency for HMY.
FCX
Materials industry group
15.72%
- Max
- 52.88%
- Q3
- 19.49%
- FCX
- 15.72%
- Median
- 8.76%
- Q1
- -3.41%
- Min
- -32.81%
HMY
Materials industry group
48.05%
- Max
- 52.88%
- HMY
- 48.05%
- Q3
- 19.49%
- Median
- 8.76%
- Q1
- -3.41%
- Min
- -32.81%
Net Margin (TTM)
Harmony Gold Mining (HMY) at 29.57% retains a top-quartile share of revenue as profit, ahead of Freeport-McMoRan (FCX) at 13.03%, which keeps about the industry-typical share.
FCX
Materials industry group
13.03%
- Max
- 38.66%
- Q3
- 15.98%
- FCX
- 13.03%
- Median
- 5.28%
- Q1
- 0.00%
- Min
- -20.40%
HMY
Materials industry group
29.57%
- Max
- 38.66%
- HMY
- 29.57%
- Q3
- 15.98%
- Median
- 5.28%
- Q1
- 0.00%
- Min
- -20.40%
Operating Margin (TTM)
Both Freeport-McMoRan (FCX) at 35.26% and Harmony Gold Mining (HMY) at 47.18% convert sales into operating profit at a top-quartile rate, pointing to tighter cost discipline before financing and tax.
FCX
Materials industry group
35.26%
- Max
- 66.70%
- FCX
- 35.26%
- Q3
- 28.92%
- Median
- 12.56%
- Q1
- 3.28%
- Min
- -14.07%
HMY
Materials industry group
47.18%
- Max
- 66.70%
- HMY
- 47.18%
- Q3
- 28.92%
- Median
- 12.56%
- Q1
- 3.28%
- Min
- -14.07%
Profitability Metrics
| Metric | FCX | HMY |
|---|---|---|
| ROE (TTM) | 15.72% | 48.05% |
| ROA (TTM) | 7.99% | 25.06% |
| Net Margin (TTM) | 13.03% | 29.57% |
| Operating Margin (TTM) | 35.26% | 47.18% |
| Gross Margin (TTM) | 38.86% | 49.62% |
Growth
Revenue Growth
Only one side can be read here: Freeport-McMoRan (FCX) reports revenue growth of 1.81%, ranked against its industry; Harmony Gold Mining (HMY) has no revenue growth figure this period.
EPS Growth
Only one side can be read here: Freeport-McMoRan (FCX) reports EPS growth of 16.92%, ranked against its industry; Harmony Gold Mining (HMY) has no EPS growth figure this period.
Growth Metrics
| Metric | FCX | HMY |
|---|---|---|
| Revenue Growth (YoY) | 1.81% | -- |
| Revenue Growth (3Y CAGR) | 4.39% | 26.28% |
| EPS Growth (YoY) | 16.92% | -- |
| EPS Growth (3Y CAGR) | -14.00% | 81.32% |
Financial Strength
Current Ratio (MRQ)
Freeport-McMoRan (FCX) at 2.02 keeps current ratio within its industry’s typical mid-range, while Harmony Gold Mining (HMY) at 0.84 runs in the tighter-liquidity quartile — a thinner cushion against current liabilities for HMY.
FCX
Materials industry group
2.02
- Max
- 5.96
- Q3
- 3.30
- Median
- 2.24
- FCX
- 2.02
- Q1
- 1.45
- Min
- 0.16
HMY
Materials industry group
0.84
- Max
- 5.96
- Q3
- 3.30
- Median
- 2.24
- Q1
- 1.45
- HMY
- 0.84
- Min
- 0.16
Debt / Equity (MRQ)
Harmony Gold Mining (HMY) at 0.13 keeps leverage in the lower industry quartile, while Freeport-McMoRan (FCX) at 0.31 runs a more typical debt-to-equity mix.
FCX
Materials industry group
0.31
- Max
- 1.98
- Q3
- 0.89
- Median
- 0.47
- FCX
- 0.31
- Q1
- 0.13
- Min
- 0.00
HMY
Materials industry group
0.13
- Max
- 1.98
- Q3
- 0.89
- Median
- 0.47
- Q1
- 0.13
- HMY
- 0.13
- Min
- 0.00
Financial Strength Metrics
| Metric | FCX | HMY |
|---|---|---|
| Current Ratio (MRQ) | 2.02 | 0.84 |
| Debt / Equity (MRQ) | 0.31 | 0.13 |
| Net Debt / EBITDA | 0.60 | 0.02 |
Dividends
Dividend Yield (TTM)
Freeport-McMoRan (FCX) at 1.04% pays an industry-typical yield; Harmony Gold Mining (HMY) at 75.74% is above its entire peer range — the higher number, but one that calls for a look at payout sustainability before treating it as an advantage.
FCX
Materials industry group
1.04%
- Max
- 4.52%
- Q3
- 1.85%
- FCX
- 1.04%
- Median
- 0.38%
- Q1
- 0.00%
- Min
- 0.00%
HMY
Materials industry group
75.74%
- HMY
- 75.74%
- Max
- 4.52%
- Q3
- 1.85%
- Median
- 0.38%
- Q1
- 0.00%
- Min
- 0.00%
Dividend Payout Ratio (TTM)
Both Freeport-McMoRan (FCX) at 25.21% and Harmony Gold Mining (HMY) at 15.28% 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%
HMY
Materials industry group
15.28%
- Max
- 83.62%
- Q3
- 41.37%
- HMY
- 15.28%
- Median
- 9.54%
- Q1
- 0.00%
- Min
- 0.00%
Dividend Metrics
| Metric | FCX | HMY |
|---|---|---|
| Dividend Yield (TTM) | 1.04% | 75.74% |
| Dividend Payout Ratio (TTM) | 25.21% | 15.28% |
Valuation
P/E Ratio (TTM)
Harmony Gold Mining (HMY) at 6.27 sits in the cheaper P/E ratio quartile, while Freeport-McMoRan (FCX) at 24.97 is closer to its industry’s usual earnings multiple — a discount for HMY, though growth and earnings durability still matter.
FCX
Materials industry group
24.97
- Max
- 59.00
- Q3
- 32.93
- FCX
- 24.97
- Median
- 18.82
- Q1
- 11.96
- Min
- 3.93
HMY
Materials industry group
6.27
- Max
- 59.00
- Q3
- 32.93
- Median
- 18.82
- Q1
- 11.96
- HMY
- 6.27
- Min
- 3.93
P/S Ratio (TTM)
Harmony Gold Mining (HMY) at 0.11 sits in the cheaper P/S ratio quartile while Freeport-McMoRan (FCX) at 3.23 prices around its industry’s middle — HMY costs less per dollar of sales, though read it alongside growth and margins.
FCX
Materials industry group
3.23
- Max
- 9.62
- Q3
- 4.34
- FCX
- 3.23
- Median
- 1.87
- Q1
- 0.73
- Min
- 0.00
HMY
Materials industry group
0.11
- Max
- 9.62
- Q3
- 4.34
- Median
- 1.87
- Q1
- 0.73
- HMY
- 0.11
- Min
- 0.00
P/B Ratio (MRQ)
Harmony Gold Mining (HMY) at 2.34 is valued about in line with its industry on P/B ratio, while Freeport-McMoRan (FCX) at 3.97 carries an above-peer premium to book — FCX is pricier on assets.
FCX
Materials industry group
3.97
- Max
- 6.59
- FCX
- 3.97
- Q3
- 3.55
- Median
- 2.08
- Q1
- 1.26
- Min
- -0.17
HMY
Materials industry group
2.34
- Max
- 6.59
- Q3
- 3.55
- HMY
- 2.34
- Median
- 2.08
- Q1
- 1.26
- Min
- -0.17
Valuation Metrics
| Metric | FCX | HMY |
|---|---|---|
| P/E Ratio (TTM) | 24.97 | 6.27 |
| P/S Ratio (TTM) | 3.23 | 0.11 |
| P/B Ratio (MRQ) | 3.97 | 2.34 |
| Free Cash Flow Yield (TTM) | 2.19% | 91.49% |