FCX vs. NEM: Freeport-McMoRan vs. Newmont Stock Comparison

July 31, 2026

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

Company profile comparison for Freeport-McMoRan (FCX) and Newmont (NEM)
Profile Item	FCX	NEM
Name	Freeport-McMoRan Inc.	Newmont Corporation
Country/Region	United States	United States
GICS Sector	Materials	Materials
GICS Industry Group	Materials	Materials
GICS Industry	Metals & Mining	Metals & Mining
GICS Sub-Industry	Copper	Gold
Market Capitalization	91.20 billion USD	98.74 billion USD
Currency	USD	USD
Exchange	NYSE	NYSE
Listing Date	July 10, 1995	March 17, 1980
Security Type	Common Stock	Common Stock

Price Performance

Cumulative Growth

FCX

NEM

GSPC

Freeport-McMoRan (FCX) vs. Newmont (NEM), 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 Newmont (NEM). Returns over one year are annualized.

Calendar-Year Returns

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

Performance Metrics

Price performance metrics for Freeport-McMoRan (FCX) and Newmont (NEM)
Metric	FCX	NEM
Total Return (1Y)	63.83%	56.15%
Total Return (3Y, Annualized)	14.77%	31.74%
Total Return (5Y, Annualized)	12.27%	12.12%

Risk Profile

Drawdown History

FCX

NEM

GSPC

Freeport-McMoRan (FCX) vs. Newmont (NEM), 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 Newmont (NEM). 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 Newmont (NEM) is defensive at 0.47 and tends to be less market-sensitive — they sit on opposite ends of the beta spectrum.

Risk profile metrics for Freeport-McMoRan (FCX) and Newmont (NEM)
Metric	FCX	NEM
Volatility (1Y, Annualized)	49.50%	47.81%
Beta (5Y)	1.37	0.47
Max Drawdown (5Y)	-51.26%	-62.40%
Avg. Volume (3M)	14.61M	8.10M

Risk-Adjusted Performance

Risk-Return Positioning

FCX and NEM 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 Newmont (NEM)
Metric	FCX	NEM
Sharpe Ratio (1Y)	1.21	1.09
Sortino Ratio (1Y)	1.65	1.51

Profitability

ROE (TTM)

Newmont (NEM) at 25.83% sits in the top ROE quartile, while Freeport-McMoRan (FCX) at 14.76% is closer to the peer norm — stronger capital efficiency for NEM.

FCX

Materials industry group

14.76%

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

NEM

Materials industry group

25.83%

Max: 51.93%
NEM: 25.83%
Q3: 18.20%
Median: 5.99%
Q1: -9.69%
Min: -50.42%

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

Net Margin (TTM)

Newmont (NEM) at 33.87% retains a top-quartile share of revenue as profit, ahead of Freeport-McMoRan (FCX) at 11.39%, which keeps about the industry-typical share.

FCX

Materials industry group

11.39%

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

NEM

Materials industry group

33.87%

Max: 35.99%
NEM: 33.87%
Q3: 14.91%
Median: 3.99%
Q1: 0.00%
Min: -21.87%

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

Operating Margin (TTM)

Both Freeport-McMoRan (FCX) at 33.40% and Newmont (NEM) at 61.38% convert sales into operating profit at a top-quartile rate, pointing to tighter cost discipline before financing and tax.

FCX

Materials industry group

33.40%

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

NEM

Materials industry group

61.38%

Max: 66.92%
NEM: 61.38%
Q3: 27.44%
Median: 10.11%
Q1: 0.00%
Min: -32.85%

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

Profitability Metrics

Profitability metrics for Freeport-McMoRan (FCX) and Newmont (NEM)
Metric	FCX	NEM
ROE (TTM)	14.76%	25.83%
ROA (TTM)	7.59%	14.89%
Net Margin (TTM)	11.39%	33.87%
Operating Margin (TTM)	33.40%	61.38%
Gross Margin (TTM)	38.28%	67.36%

Growth

Revenue Growth

Both Freeport-McMoRan (FCX) at 1.81% and Newmont (NEM) at 21.34% land near their industries' usual revenue growth ranges, so top-line momentum looks broadly in line with peers on both sides.

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

EPS Growth

Newmont (NEM) at 118.84% 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 NEM.

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

Growth Metrics

Growth metrics for Freeport-McMoRan (FCX) and Newmont (NEM)
Metric	FCX	NEM
Revenue Growth (YoY)	1.81%	21.34%
Revenue Growth (3Y CAGR)	4.39%	23.91%
EPS Growth (YoY)	16.92%	118.84%
EPS Growth (3Y CAGR)	-14.00%	--

Financial Strength

Current Ratio (MRQ)

Both Freeport-McMoRan (FCX) at 2.07 and Newmont (NEM) at 2.44 carry current ratio within their industries’ typical mid-ranges, suggesting balanced short-term liquidity relative to peers.

FCX

Materials industry group

2.07

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

NEM

Materials industry group

2.44

Max: 6.31
Q3: 3.49
NEM: 2.44
Median: 2.23
Q1: 1.42
Min: 0.12

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

Debt / Equity (MRQ)

Both Freeport-McMoRan (FCX) at 0.32 and Newmont (NEM) at 0.16 fund their balance sheets with roughly industry-typical debt-to-equity mixes.

FCX

Materials industry group

0.32

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

NEM

Materials industry group

0.16

Max: 2.02
Q3: 0.92
Median: 0.44
NEM: 0.16
Q1: 0.13
Min: 0.00

Freeport-McMoRan (FCX) vs. Newmont (NEM): 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 Newmont (NEM)
Metric	FCX	NEM
Current Ratio (MRQ)	2.07	2.44
Debt / Equity (MRQ)	0.32	0.16
Net Debt / EBITDA	0.66	-0.20

Dividends

Dividend Yield (TTM)

Both Freeport-McMoRan (FCX) at 1.00% and Newmont (NEM) at 1.14% pay solid, industry-typical yields, sitting squarely within their peers’ usual range.

FCX

Materials industry group

1.00%

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

NEM

Materials industry group

1.14%

Max: 4.91%
Q3: 1.96%
NEM: 1.14%
Median: 0.46%
Q1: 0.00%
Min: 0.00%

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

Dividend Payout Ratio (TTM)

Both Freeport-McMoRan (FCX) at 29.41% and Newmont (NEM) at 13.10% keep payout ratio within their industries’ typical mid-ranges — dividend policies that share earnings without consuming too much of them.

FCX

Materials industry group

29.41%

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

NEM

Materials industry group

13.10%

Max: 97.44%
Q3: 40.00%
NEM: 13.10%
Median: 9.04%
Q1: 0.00%
Min: 0.00%

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

Dividend Metrics

Dividend metrics for Freeport-McMoRan (FCX) and Newmont (NEM)
Metric	FCX	NEM
Dividend Yield (TTM)	1.00%	1.14%
Dividend Payout Ratio (TTM)	29.41%	13.10%

Valuation

P/E Ratio (TTM)

Newmont (NEM) at 11.58 sits in the cheaper P/E ratio quartile, while Freeport-McMoRan (FCX) at 29.37 is closer to its industry’s usual earnings multiple — a discount for NEM, though growth and earnings durability still matter.

FCX

Materials industry group

29.37

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

NEM

Materials industry group

11.58

Max: 58.49
Q3: 31.23
Median: 20.26
Q1: 12.90
NEM: 11.58
Min: 4.66

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

P/S Ratio (TTM)

On P/S ratio, both Freeport-McMoRan (FCX) at 3.53 and Newmont (NEM) at 3.95 are priced roughly in line with their industries — neither looks cheap nor rich on a sales basis.

FCX

Materials industry group

3.53

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

NEM

Materials industry group

3.95

Max: 8.72
Q3: 4.01
NEM: 3.95
Median: 1.86
Q1: 0.73
Min: 0.00

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

P/B Ratio (MRQ)

Newmont (NEM) at 2.84 is valued about in line with its industry on P/B ratio, while Freeport-McMoRan (FCX) at 4.42 carries an above-peer premium to book — FCX is pricier on assets.

FCX

Materials industry group

4.42

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

NEM

Materials industry group

2.84

Max: 7.76
Q3: 3.99
NEM: 2.84
Median: 2.25
Q1: 1.38
Min: -0.30

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

Valuation Metrics

Valuation metrics for Freeport-McMoRan (FCX) and Newmont (NEM)
Metric	FCX	NEM
P/E Ratio (TTM)	29.37	11.58
P/S Ratio (TTM)	3.53	3.95
P/B Ratio (MRQ)	4.42	2.84
Free Cash Flow Yield (TTM)	2.37%	9.93%