Zacks Investment Research·5 days ago
Freeport-McMoRan (FCX) Suffers a Larger Drop Than the General Market: Key InsightsFreeport-McMoRan (FCX) closed at $60.53 in the latest trading session, marking a -3.75% move from the prior day.
Freeport-McMoRan Inc.(FCX)Earnings, Financials & Key Ratios
FCX•NYSE
$60.55
39.8× P/E·Price updated Jul 2, 2026
AboutFreeport-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, as well as oil and gas. Its assets include the Grasberg minerals district in Indonesia; Morenci, Bagdad, Safford, Sierrita, and Miami in Arizona; Tyrone and Chino 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 also operates a portfolio of oil and gas properties primarily located in offshore California and the Gulf of Mexico. As of December 31, 2021, it operated approximately 135 wells. The company was formerly known as Freeport-McMoRan Copper & Gold Inc. and changed its name to Freeport-McMoRan Inc. in July 2014. Freeport-McMoRan Inc. was incorporated in 1987 and is headquartered in Phoenix, Arizona.Show more
- Revenue$25.74B+1.1%
- EBITDA$8.53B-6.3%
- Net Income$2.2B+17.0%
- EPS (Diluted)1.52+16.9%
- Gross Margin26.98%-8.5%
- EBITDA Margin33.15%-7.3%
- Operating Margin24.44%-9.4%
- Net Margin8.56%+15.7%
- ROE7.4%+10.3%
FCX Price & Volume
Freeport-McMoRan Inc. (FCX) stock price & volume — 10-year historical chart
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Fortress Balance Sheet Offsets Cyclical Commodity Volatility
Investment Thesis • Updated 2026Q1
VerdictNeutral
Growth:Mixed
Profitability:Moderate
Financial:Fortress
Cash Flow:Robust
Primary Risk:Indonesian Regulatory Export Friction
Key Thesis Takeaways
- Freeport-McMoRan has successfully transitioned to a fortress balance sheet, reducing total debt from $9.9 billion in 2023Q4 to $500 million by 2026Q1, which provides a critical buffer against inherent copper price sensitivity.
- While the firm benefits from significant operating leverage, as evidenced by a 34.3% operating margin in 2026Q1, investors must remain cautious regarding the heavy reliance on the Indonesian Grasberg district and the potential for regulatory friction.
- The long-term outlook remains tied to the company's ability to manage high capital intensity, with CapEx/Revenue ratios frequently exceeding 20%, while maintaining consistent shareholder returns.
Verdict Logic
while the balance sheet is exceptionally strong with a debt-to-equity ratio of 0.02 as of 2026Q1, the current P/E of 41.01 and the inherent geopolitical risks in Indonesia warrant a cautious approach until further margin stability is demonstrated.
FCX Growth Metrics
Freeport-McMoRan Inc. (FCX) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR
Revenue CAGR
10 Years5.58%
5 Years13.16%
3 Years3.33%
TTM7.91%
Profit CAGR
10 Years-
5 Years29.9%
3 Years-13.97%
TTM56.17%
EPS CAGR
10 Years-
5 Years29.96%
3 Years-14%
TTM56.2%
Return on Capital
10 Years11.03%
5 Years15.34%
3 Years13.33%
Last Year12.39%
FCX Recent Earnings
Freeport-McMoRan Inc. (FCX) EPS & revenue vs analyst estimates — last 4 quarters
●Beat EPS 11/12 qtrs (92%)●Beat Revenue 10/12 qtrs (83%)
Q2 2026Latest
Apr 23, 2026Metric
Actual
Est
EPS
$0.57+22.2%
$0.47
Rev
$6.2B+8.8%
$5.7B
Q1 2026
Jan 22, 2026Metric
Actual
Est
EPS
$0.47+64.8%
$0.29
Rev
$5.6B+6.4%
$5.3B
Q4 2025
Oct 23, 2025Metric
Actual
Est
EPS
$0.50+18.7%
$0.42
Rev
$7.0B+3.9%
$6.7B
Q3 2025
Jul 23, 2025Metric
Actual
Est
EPS
$0.54+20.1%
$0.45
Rev
$7.6B+5.5%
$7.2B
| Quarter | Date | EPS (Act vs Est) | Revenue (Act vs Est) |
|---|---|---|---|
| Q2 2026Latest | Apr 23, 2026 | $0.57vs $0.47+22.2% | $6.2Bvs $5.7B+8.8% |
| Q1 2026 | Jan 22, 2026 | $0.47vs $0.29+64.8% | $5.6Bvs $5.3B+6.4% |
| Q4 2025 | Oct 23, 2025 | $0.50vs $0.42+18.7% | $7.0Bvs $6.7B+3.9% |
| Q3 2025 | Jul 23, 2025 | $0.54vs $0.45+20.1% | $7.6Bvs $7.2B+5.5% |
Based on last 12 quarters of dataView full earnings history →
Latest FCX News
Recent stock market news and headlines for Freeport-McMoRan Inc. (FCX)
24/7 Wall Street·6 days ago
Forget Southern Copper: 1 Domestic Copper King to Buy Hand Over Fist as the Global Supply Crunch IntensifiesSouthern Copper (NYSE:SCCO | SCCO Price Prediction) is the name on every commodity desk's lips right now, with the stock up 73.95% over the past year on the back of a screaming copper tape.
24/7 Wall Street·Jun 28, 2026
Forget USO. Copper Is the New Crude, and This Miner Fund Is Up 115% in a YearThe United States Oil Fund (NYSEARCA:USO) does one thing: it gives investors a liquid way to bet on West Texas Intermediate crude without opening a futures account.
Zacks Investment Research·Jun 26, 2026
Can Freeport-McMoRan's Expansion Pipeline Fuel the Next Growth Wave?FCX advances major expansion projects, lifting copper capacity and output as its organic pipeline targets the next growth phase.
Zacks Investment Research·Jun 25, 2026
Freeport-McMoRan (FCX) Gains As Market Dips: What You Should KnowIn the closing of the recent trading day, Freeport-McMoRan (FCX) stood at $62.8, denoting a +1.55% move from the preceding trading day.
Peers Comparison
Key metrics vs top competitors for Freeport-McMoRan Inc. (FCX)
| Company | Price | Market Cap | P/E Ratio | Rev Growth (1Y) | Net Margin | ROE | Div Yield |
|---|---|---|---|---|---|---|---|
| $60.55 | $87.02B | 39.84 | 1.12% | 8.56% | 7.4% | 0.99% | |
| $168.80 | $140.83B | 32.21 | 17.38% | 34.16% | 45.67% | — | |
| $59.35 | $28.58B | 29.83 | 18.56% | 14.91% | 7.09% | — | |
| $47.48 | $12.53B | 10.69 | 5.31% | 8.17% | 16.06% | — | |
| $22.59 | $8.97B | 15.47 | 9.39% | 27.74% | 19.99% | — | |
| $19.25 | $371.78M | 6.80 | 38.86% | 22.67% | 22.18% | — |
Compare FCX vs Peers
Freeport-McMoRan Inc. (FCX) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
FCX SEC Filings & Documents
Freeport-McMoRan Inc. (FCX) SEC filings — annual & quarterly reports (10-K, 10-Q)
8-K Announcements
6Material company update
Apr 23, 2026·SEC
Material company update
Mar 23, 2026·SEC
Material company update
Feb 24, 2026·SEC
10-K Annual Reports
410-Q Quarterly Reports
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FCX Frequently Asked Questions
Freeport-McMoRan Inc. (FCX) stock FAQ — growth, dividends, profitability & financials explained
Growth & Financials
What is Freeport-McMoRan Inc.'s revenue?
Freeport-McMoRan Inc. (FCX) reported $26.42B in revenue for fiscal year 2025. This represents a 1287% increase from $1.91B in 1996.
How fast is Freeport-McMoRan Inc. growing?
Freeport-McMoRan Inc. (FCX) grew revenue by 1.1% over the past year. Growth has been modest.
Is FCX profitable?
Yes, Freeport-McMoRan Inc. (FCX) is profitable, generating $2.73B in net income for fiscal year 2025 (8.6% net margin).
Dividend & Returns
Does FCX pay dividends?
Yes, Freeport-McMoRan Inc. (FCX) pays a dividend with a yield of 0.99%. This makes it attractive for income-focused investors.
What is FCX's return on equity?
Freeport-McMoRan Inc. (FCX) has a return on equity (ROE) of 7.4%. This is below average, suggesting room for improvement.
What is Freeport-McMoRan Inc.'s free cash flow?
Freeport-McMoRan Inc. (FCX) generated $6.25B in free cash flow for fiscal year 2025. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.