FCX vs. MT: Freeport-McMoRan vs. ArcelorMittal Stock Comparison

November 11, 2026

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

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

Company profile comparison for Freeport-McMoRan (FCX) and ArcelorMittal (MT)
Profile Item	FCX	MT
Name	Freeport-McMoRan Inc.	ArcelorMittal NY Registry Shares
Country/Region	United States	Luxembourg
GICS Sector	Materials	Materials
GICS Industry Group	Materials	Materials
GICS Industry	Metals & Mining	Metals & Mining
GICS Sub-Industry	Copper	Steel
Market Capitalization	85.33 billion USD	45.85 billion USD
Currency	USD	USD
Exchange	NYSE	NYSE
Listing Date	July 10, 1995	August 7, 1997
Security Type	Common Stock	ADR

Price Performance

Cumulative Growth

FCX

GSPC

Freeport-McMoRan (FCX) vs. ArcelorMittal (MT), 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

Loading price history…

Trailing total returns for Freeport-McMoRan (FCX) and ArcelorMittal (MT). Returns over one year are annualized.

Calendar-Year Returns

Loading price history…

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

Performance Metrics

Price performance metrics for Freeport-McMoRan (FCX) and ArcelorMittal (MT)
Metric	FCX	MT
Total Return (1Y)	58.58%	65.49%
Total Return (3Y, Annualized)	24.99%	45.03%
Total Return (5Y, Annualized)	11.32%	16.55%

Risk Profile

Drawdown History

FCX

GSPC

Freeport-McMoRan (FCX) vs. ArcelorMittal (MT), 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

Loading price history…

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

Risk Metrics

Risk profile metrics for Freeport-McMoRan (FCX) and ArcelorMittal (MT)
Metric	FCX	MT
Volatility (1Y, Annualized)	48.40%	44.08%
Beta (5Y)	1.37	1.49
Max Drawdown (5Y)	-51.26%	-45.99%
Avg. Volume (3M)	12.34M	1.35M

Risk-Adjusted Performance

Risk-Return Positioning

FCX and MT 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 ArcelorMittal (MT)
Metric	FCX	MT
Sharpe Ratio (1Y)	1.12	1.39
Sortino Ratio (1Y)	1.61	2.23

Profitability

ROE (TTM)

Both Freeport-McMoRan (FCX) at 15.72% and ArcelorMittal (MT) at 1.83% land near their industries’ usual ROE ranges, so capital efficiency looks broadly in line with peers on both sides.

FCX

Materials industry group

15.72%

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

MT

Materials industry group

1.83%

Max: 52.88%
Q3: 19.49%
Median: 8.76%
MT: 1.83%
Q1: -3.41%
Min: -32.81%

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

Net Margin (TTM)

Both Freeport-McMoRan (FCX) at 13.03% and ArcelorMittal (MT) at 1.64% keep about the typical share of revenue as profit for their industries — neither bottom line stands out from peers.

FCX

Materials industry group

13.03%

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

MT

Materials industry group

1.64%

Max: 38.66%
Q3: 15.98%
Median: 5.28%
MT: 1.64%
Q1: 0.00%
Min: -20.40%

Freeport-McMoRan (FCX) vs. ArcelorMittal (MT): 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 ArcelorMittal (MT) at 6.16%, which runs around its industry’s norm.

FCX

Materials industry group

35.26%

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

MT

Materials industry group

6.16%

Max: 66.70%
Q3: 28.92%
Median: 12.56%
MT: 6.16%
Q1: 3.28%
Min: -14.07%

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

Profitability Metrics

Profitability metrics for Freeport-McMoRan (FCX) and ArcelorMittal (MT)
Metric	FCX	MT
ROE (TTM)	15.72%	1.83%
ROA (TTM)	7.99%	1.31%
Net Margin (TTM)	13.03%	1.64%
Operating Margin (TTM)	35.26%	6.16%
Gross Margin (TTM)	38.86%	8.16%

Growth

Revenue Growth

Freeport-McMoRan (FCX) at 1.81% is around its peer norm for revenue growth, while ArcelorMittal (MT) at -1.74% drops into the bottom quartile, signaling weaker demand or pricing momentum.

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

EPS Growth

ArcelorMittal (MT) at 143.20% sits in the top EPS growth quartile, while Freeport-McMoRan (FCX) at 16.92% is closer to the peer norm — faster per-share earnings growth for MT.

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

Growth Metrics

Growth metrics for Freeport-McMoRan (FCX) and ArcelorMittal (MT)
Metric	FCX	MT
Revenue Growth (YoY)	1.81%	-1.74%
Revenue Growth (3Y CAGR)	4.39%	-8.41%
EPS Growth (YoY)	16.92%	143.20%
EPS Growth (3Y CAGR)	-14.00%	-26.09%

Financial Strength

Current Ratio (MRQ)

Freeport-McMoRan (FCX) at 2.02 keeps current ratio within its industry’s typical mid-range, while ArcelorMittal (MT) at 1.41 runs in the tighter-liquidity quartile — a thinner cushion against current liabilities for MT.

FCX

Materials industry group

2.02

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

MT

Materials industry group

1.41

Max: 5.96
Q3: 3.30
Median: 2.24
Q1: 1.45
MT: 1.41
Min: 0.16

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

Debt / Equity (MRQ)

Both Freeport-McMoRan (FCX) at 0.31 and ArcelorMittal (MT) at 0.24 fund their balance sheets with roughly industry-typical debt-to-equity mixes.

FCX

Materials industry group

0.31

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

MT

Materials industry group

0.24

Max: 1.98
Q3: 0.89
Median: 0.47
MT: 0.24
Q1: 0.13
Min: 0.00

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

Financial Strength Metrics

Financial strength metrics for Freeport-McMoRan (FCX) and ArcelorMittal (MT)
Metric	FCX	MT
Current Ratio (MRQ)	2.02	1.41
Debt / Equity (MRQ)	0.31	0.24
Net Debt / EBITDA	0.60	2.08

Dividends

Dividend Yield (TTM)

Both Freeport-McMoRan (FCX) at 1.04% and ArcelorMittal (MT) at 0.99% 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%

MT

Materials industry group

0.99%

Max: 4.52%
Q3: 1.85%
MT: 0.99%
Median: 0.38%
Q1: 0.00%
Min: 0.00%

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

Dividend Payout Ratio (TTM)

Freeport-McMoRan (FCX) at 25.21% pays out a band-typical share of earnings, while ArcelorMittal (MT) at 52.92% distributes more than its industry norm — less retained, thinner cover.

FCX

Materials industry group

25.21%

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

MT

Materials industry group

52.92%

Max: 83.62%
MT: 52.92%
Q3: 41.37%
Median: 9.54%
Q1: 0.00%
Min: 0.00%

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

Dividend Metrics

Dividend metrics for Freeport-McMoRan (FCX) and ArcelorMittal (MT)
Metric	FCX	MT
Dividend Yield (TTM)	1.04%	0.99%
Dividend Payout Ratio (TTM)	25.21%	52.92%

Valuation

P/E Ratio (TTM)

Freeport-McMoRan (FCX) at 24.97 is near its industry’s usual P/E ratio, while ArcelorMittal (MT) at 44.51 sits in the richer quartile — MT 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

MT

Materials industry group

44.51

Max: 59.00
MT: 44.51
Q3: 32.93
Median: 18.82
Q1: 11.96
Min: 3.93

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

P/S Ratio (TTM)

ArcelorMittal (MT) at 0.72 sits in the cheaper P/S ratio quartile while Freeport-McMoRan (FCX) at 3.23 prices around its industry’s middle — MT 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

MT

Materials industry group

0.72

Max: 9.62
Q3: 4.34
Median: 1.87
Q1: 0.73
MT: 0.72
Min: 0.00

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

P/B Ratio (MRQ)

ArcelorMittal (MT) at 1.70 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

MT

Materials industry group

1.70

Max: 6.59
Q3: 3.55
Median: 2.08
MT: 1.70
Q1: 1.26
Min: -0.17

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

Valuation Metrics

Valuation metrics for Freeport-McMoRan (FCX) and ArcelorMittal (MT)
Metric	FCX	MT
P/E Ratio (TTM)	24.97	44.51
P/S Ratio (TTM)	3.23	0.72
P/B Ratio (MRQ)	3.97	1.70
Free Cash Flow Yield (TTM)	2.19%	-1.75%