Freeport-McMoRan Inc (FCX)

Freeport-McMoRan Inc. engages in the mining of mineral properties in North America, South America, and Indonesia. The company primarily explores for copper, gold, molybdenum, silver, and other metals. Its assets include the Grasberg minerals district in Indonesia; Morenci, Bagdad, Safford, Sierrita, and Miami in Arizona; Chino and Tyrone in New Mexico; and Henderson and Climax in Colorado, North America, as well as Cerro Verde in Peru and El Abra in Chile. The company was formerly known as Freeport-McMoRan Copper & Gold Inc. and changed its name to Freeport-McMoRan Inc. in July 2014. The company was incorporated in 1987 and is headquartered in Phoenix, Arizona.

Symbol: FCX
Exchange: NYSE
Sector: Basic Materials
Industry: Copper
Market cap: $103.59B
52 week range: 38.19 - 80.24

Valuation

Share price: $72.04 (close of 2026-10-02)
P/E (TTM): 26.86x
Price to book: 3.21x
Price to free cash flow: 36.15x
Enterprise value: $109.87B
Book value per share: $22.41

Price performance

Period	Change
1 day	+3.98%
5 days	-0.37%
1 month	-2.56%
3 months	+18.16%
6 months	+17.37%
Year to date	+41.84%
1 year	+85.34%
3 years	+96.62%
5 years	+119.37%
10 years	+563.35%
All time	+488.08%

Members of Congress who disclosed FCX trades

Bruce Westerman · Gilbert Ray Cisneros · Julie Johnson · Lisa McClain · Alan Armstrong · Jefferson Shreve · Josh Gottheimer · Ritchie Torres · Robert Bresnahan

Super investors holding FCX

Ken Griffin (Citadel) · Howard Marks (Oaktree Capital Management) · George Soros (Soros Fund Mgmt)

Profitability and growth

Return on equity: 13.50%
Return on invested capital: 11.48%
Return on assets: 7.14%
Return on capital employed: 12.50%
Gross margin: 26.08%
Net margin: 16.49%
EBITDA margin: 34.79%
Revenue growth: 0.07%
Net income growth: -5.61%
Free cash flow growth: -52.55%

Cash flow and balance sheet

Free cash flow yield (TTM): 2.77%
Current ratio: 2.07x
Net debt to EBITDA: 0.68x

Latest reported year

Period end: 2025-12-31
Fiscal year: 2025
Revenue: $25.19B
Cost of revenue: $18.62B
Gross profit: $6.57B
EBITDA: $8.76B
Net income: $4.15B
Earnings per share: $2.89
Shares outstanding: 1.44B

Income statement by year

Period end	Revenue	Gross profit	Net income	EPS
2025-12-31	$25.19B	$6.57B	$4.15B	$2.89
2024-12-31	$25.17B	$7.37B	$4.40B	$3.06
2023-12-31	$22.70B	$7.01B	$3.75B	$2.62
2022-12-31	$23.27B	$8.18B	$4.48B	$3.11
2021-12-31	$22.42B	$8.39B	$5.37B	$2.93
2020-12-31	$13.89B	$2.24B	$865.00M	$0.41
2019-12-31	$14.35B	$1.22B	-$189.00M	$-0.17
2018-12-31	$18.95B	$5.48B	$2.89B	$1.79
2017-12-31	$15.89B	$3.91B	$2.10B	$1.25
2016-12-31	$14.56B	-$2.97B	-$4.03B	$-3.16

Margins and returns by year

Period end	Gross margin	Net margin	Return on equity	Return on capital
2025-12-31	26.08%	16.49%	13.50%	11.48%
2024-12-31	29.30%	17.48%	15.29%	12.55%
2023-12-31	30.87%	16.52%	13.73%	12.20%
2022-12-31	35.16%	19.25%	18.01%	17.23%
2021-12-31	37.43%	23.93%	23.31%	24.54%
2020-12-31	16.11%	6.23%	4.63%	5.98%
2019-12-31	8.52%	-1.32%	-1.08%	2.28%
2018-12-31	28.92%	15.28%	16.17%	15.16%
2017-12-31	24.60%	13.19%	18.55%	14.04%
2016-12-31	-20.39%	-27.64%	-43.48%	-12.97%

Cash and debt by year

Period end	Cash	Debt
2025-12-31	$3.82B	$8.91B
2024-12-31	$3.92B	$8.91B
2023-12-31	$4.76B	$8.66B
2022-12-31	$8.15B	$9.58B
2021-12-31	$8.07B	$9.08B
2020-12-31	$3.66B	$9.68B
2019-12-31	$2.02B	$9.82B
2018-12-31	$4.22B	$11.12B
2017-12-31	$4.53B	$11.81B
2016-12-31	$4.25B	$14.79B

Free cash flow by year

Period end	Free cash flow	Stock-based compensation
2025-12-31	$1.12B	$121.00M
2024-12-31	$2.35B	$109.00M
2023-12-31	$455.00M	$109.00M
2022-12-31	$1.67B	$95.00M
2021-12-31	$5.60B	$98.00M
2020-12-31	$1.06B	$99.00M
2019-12-31	-$1.17B	$63.00M
2018-12-31	$1.89B	$76.00M
2017-12-31	$3.26B	$71.00M
2016-12-31	$924.00M	$86.00M

Dividend history

Most recent payment: 2026-07-15
Paid in the last twelve months: $0.60

Payment date	Dividend per share
2026-07-15	$0.15
2026-04-15	$0.15
2026-01-15	$0.15
2025-10-15	$0.15
2025-07-15	$0.15
2025-04-15	$0.15
2025-01-15	$0.15
2024-10-15	$0.15

Investor relations

Next earnings report

Next confirmed report: 2026-10-22
Consensus EPS estimate: $0.73

Past earnings dates

Reported	Fiscal period	EPS estimate
2026-07-23	Jun/2026	$0.62
2026-04-23	Mar/2026	$0.47
2026-01-22	Dec/2025	$0.28
2025-10-23	Sep/2025	$0.41
2025-07-23	Jun/2025	$0.46
2025-04-24	Mar/2025	$0.24
2025-01-23	Dec/2024	$0.24
2024-10-22	Sep/2024	$0.40

Filings and sources

Company website: fcx.com
SEC filings: 10-K, 10-Q and 8-K on EDGAR
Earnings calendar: All upcoming reports

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Understanding these figures

Price-to-earnings ratio · Discounted cash flow · Free cash flow · Earnings per share · Return on equity · Gross margin vs net margin · Reading a balance sheet · Debt and leverage · Dividend yield · Insider transactions and Form 4 · How to read a stock chart

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