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Stocks/Materials/Copper

Freeport-McMoRanFCX

Copper · Phoenix, Arizona · In the S&P 500
Solid business
$62.47−5.55%After hours: $62.56 (+0.14%)At the close, 30 Oct · Prices from CNBC, may be delayed
▲ 48.1% over 1 year
Freeport-McMoRan over 1 yearDaily close, $, to 30 Oct 2026
$40$80Nov2026MarMayJulSep$62.47$40$80NovMarJul$62.47
Source: Nasdaq daily closes
Market value$87.46B
Price to earnings26.3x
Forward P/E16.0x
Dividend yield0.96%
Year to date+23.0%
One year+48.1%
Next earningsNot scheduled
SectorMaterials
52-week range (closes)
$38.65$79.91

Quality and valuation

How Freeport-McMoRan compares with other materials stocks. A description, not a recommendation.

Freeport-McMoRan and 4 copper peers. Across: valuation (P/E) against the sector. Up: business quality against the sector. Hover or tap a logo for its numbers.

Business quality: about averageValuation: in line with its sector

An average business among materials companies, priced about in line with them.

Freeport-McMoRan trades at 16.0 times the next 12 months of expected earnings, against a median of 16.1x for the 28 materials stocks we cover. The quality score blends where it ranks on revenue growth, gross margin, operating margin and free-cash-flow margin (net margin for banks and insurers) over the last 12 months, from SEC filings.

  • Revenue grew slower than the sector median: +0.3% vs +9.1%
  • Keeps less of each sale (gross margin): 27.1% vs 27.9%
  • More profitable (operating margin): 26.7% vs 10.9%
FCX trades at 16.0x forward earnings, below the sector medianForward p/e, Copper peers
NEM12.0xAEM14.6xFCX16.0xSHW26.6xLIN27.6xECL35.5xSector median 16.1xNEM12.0xAEM14.6xFCX16.0xSHW26.6xLIN27.6xECL35.5xSector median 16.1x
Source: CNBC quotes; Mostly Markets
At 30.8x earnings, FCX is cheaper than its average since Aug 2024Price over the last 12 months of reported (GAAP) diluted EPS
P/EUsual range (±1 s.d.)
40xAverage 33.9x2025202630.8x40xAverage 33.9x2025202630.8x
Source: Nasdaq prices; SEC filings

Financials

From Freeport-McMoRan's SEC filings, through the quarter ending 30 Jun 2026. Hover or tap a bar for its value.

Revenue fell 7.3% from a year earlierQuarterly revenue, $bn, latest Q2 ’26
$0bn$2bn$4bn$6bnQ3 ’24Q1 ’25Q3 ’25$7.0bnQ2 ’26$0bn$5bnQ3 ’24Q1 ’25Q3 ’25$7.0bnQ2 ’26
Source: SEC filings
Growth slowed to −7.3% last quarterRevenue growth, year on year, %
0%10%Q3 ’24Q1 ’25Q3 ’25−7.3%Q2 ’260%10%Q3 ’24Q1 ’25Q3 ’25−7.3%Q2 ’26
Source: SEC filings
Operating margin was 28.5% last quarterOperating income as a share of revenue, %
0%10%20%30%Q3 ’24Q1 ’25Q3 ’2528.5%Q2 ’260%20%Q3 ’24Q1 ’25Q3 ’2528.5%Q2 ’26
Source: SEC filings
Free cash flow by quarterQuarterly free cash flow (operating cash flow minus capex), $m
$0m$500mQ3 ’24Q1 ’25Q3 ’25$0m$500mQ3 ’24Q1 ’25Q3 ’25
Source: SEC filings
Last 12 monthsFCXSector median
Revenue growth+0.3%+9.1%
Gross margin27.1%27.9%
Operating margin26.7%10.9%
Price to earnings26.3x19.9x

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