FREEPORT-MCMORAN INC (FCX) Fundamental Analysis & Valuation

NYSE:FCX • US35671D8570

65.93 USD
+0.36 (+0.55%)
At close: Mar 4, 2026
65.43 USD
-0.5 (-0.76%)
Pre-Market: 3/5/2026, 7:19:40 AM
Overview Stock Chart Technical Analysis Fundamental Analysis Forecast Earnings Financials Ownership News

This FCX fundamental analysis includes valuation metrics, fair value assessment, financial health analysis, profitability trends, growth metrics and dividend sustainability analysis.

Fundamental Rating

5

Overall FCX gets a fundamental rating of 5 out of 10. We evaluated FCX against 157 industry peers in the Metals & Mining industry. FCX has an excellent profitability rating, but there are some minor concerns on its financial health. FCX has a decent growth rate and is not valued too expensively.


Dividend Valuation Growth Profitability Health

7

1. FCX Profitability Analysis

1.1 Basic Checks

  • In the past year FCX was profitable.
  • FCX had a positive operating cash flow in the past year.
  • In the past 5 years FCX has always been profitable.
  • Each year in the past 5 years FCX had a positive operating cash flow.
FCX Yearly Net Income VS EBIT VS OCF VS FCFFCX Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 2B -2B 4B -4B 6B 8B

1.2 Ratios

  • Looking at the Return On Assets, with a value of 3.76%, FCX is in the better half of the industry, outperforming 69.43% of the companies in the same industry.
  • FCX's Return On Equity of 11.56% is fine compared to the rest of the industry. FCX outperforms 76.43% of its industry peers.
  • With a decent Return On Invested Capital value of 8.04%, FCX is doing good in the industry, outperforming 70.06% of the companies in the same industry.
  • The Average Return On Invested Capital over the past 3 years for FCX is below the industry average of 11.01%.
Industry RankSector Rank
ROA 3.76%
ROE 11.56%
ROIC 8.04%
ROA(3y)3.58%
ROA(5y)5.29%
ROE(3y)11.14%
ROE(5y)17.28%
ROIC(3y)8.59%
ROIC(5y)9.7%
FCX Yearly ROA, ROE, ROICFCX Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 20 -20 -40 -60

1.3 Margins

  • FCX has a Profit Margin of 8.43%. This is in the better half of the industry: FCX outperforms 72.61% of its industry peers.
  • In the last couple of years the Profit Margin of FCX has grown nicely.
  • With a decent Operating Margin value of 25.16%, FCX is doing good in the industry, outperforming 73.89% of the companies in the same industry.
  • In the last couple of years the Operating Margin of FCX has grown nicely.
  • Looking at the Gross Margin, with a value of 28.16%, FCX is in the better half of the industry, outperforming 63.69% of the companies in the same industry.
  • FCX's Gross Margin has improved in the last couple of years.
Industry RankSector Rank
OM 25.16%
PM (TTM) 8.43%
GM 28.16%
OM growth 3Y-6.69%
OM growth 5Y9.9%
PM growth 3Y-17.59%
PM growth 5Y15.17%
GM growth 3Y-6.4%
GM growth 5Y7.56%
FCX Yearly Profit, Operating, Gross MarginsFCX Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 20 -20

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4

2. FCX Health Analysis

2.1 Basic Checks

  • The Return on Invested Capital (ROIC) is below the Cost of Capital (WACC), so FCX is destroying value.
  • The number of shares outstanding for FCX remains at a similar level compared to 1 year ago.
  • The number of shares outstanding for FCX has been reduced compared to 5 years ago.
  • FCX has a worse debt/assets ratio than last year.
FCX Yearly Shares OutstandingFCX Yearly Shares OutstandingYearly Shares Outstanding 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 500M 1B
FCX Yearly Total Debt VS Total AssetsFCX Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 10B 20B 30B 40B 50B

2.2 Solvency

  • FCX has an Altman-Z score of 2.46. This is not the best score and indicates that FCX is in the grey zone with still only limited risk for bankruptcy at the moment.
  • FCX has a Altman-Z score of 2.46. This is in the lower half of the industry: FCX underperforms 63.69% of its industry peers.
  • The Debt to FCF ratio of FCX is 6.40, which is on the high side as it means it would take FCX, 6.40 years of fcf income to pay off all of its debts.
  • Looking at the Debt to FCF ratio, with a value of 6.40, FCX is in the better half of the industry, outperforming 69.43% of the companies in the same industry.
  • A Debt/Equity ratio of 0.53 indicates that FCX is somewhat dependend on debt financing.
  • The Debt to Equity ratio of FCX (0.53) is worse than 71.97% of its industry peers.
Industry RankSector Rank
Debt/Equity 0.53
Debt/FCF 6.4
Altman-Z 2.46
ROIC/WACC0.77
WACC10.4%
FCX Yearly LT Debt VS Equity VS FCFFCX Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 5B 10B 15B

2.3 Liquidity

  • FCX has a Current Ratio of 2.29. This indicates that FCX is financially healthy and has no problem in meeting its short term obligations.
  • Looking at the Current ratio, with a value of 2.29, FCX is in line with its industry, outperforming 48.41% of the companies in the same industry.
  • A Quick Ratio of 1.05 indicates that FCX should not have too much problems paying its short term obligations.
  • FCX has a Quick ratio of 1.05. This is in the lower half of the industry: FCX underperforms 67.52% of its industry peers.
Industry RankSector Rank
Current Ratio 2.29
Quick Ratio 1.05
FCX Yearly Current Assets VS Current LiabilitesFCX Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 5B 10B 15B

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WACCDebt/EquityHow to determine the health of a companyAltman-Z scoreShow peers with great health

5

3. FCX Growth Analysis

3.1 Past

  • FCX shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 19.05%, which is quite good.
  • Measured over the past years, FCX shows a very strong growth in Earnings Per Share. The EPS has been growing by 26.51% on average per year.
  • FCX shows a small growth in Revenue. In the last year, the Revenue has grown by 1.81%.
  • FCX shows quite a strong growth in Revenue. Measured over the last years, the Revenue has been growing by 12.79% yearly.
EPS 1Y (TTM)19.05%
EPS 3Y-10.37%
EPS 5Y26.51%
EPS Q2Q%51.61%
Revenue 1Y (TTM)1.81%
Revenue growth 3Y4.39%
Revenue growth 5Y12.79%
Sales Q2Q%-1.52%

3.2 Future

  • Based on estimates for the next years, FCX will show a small growth in Earnings Per Share. The EPS will grow by 8.00% on average per year.
  • Based on estimates for the next years, FCX will show a small growth in Revenue. The Revenue will grow by 4.99% on average per year.
EPS Next Y52.72%
EPS Next 2Y40.07%
EPS Next 3Y23.96%
EPS Next 5Y8%
Revenue Next Year13.22%
Revenue Next 2Y14.5%
Revenue Next 3Y10.33%
Revenue Next 5Y4.99%

3.3 Evolution

  • When comparing the EPS growth rate of the last years to the growth rate of the upcoming years, we see that the growth is decreasing.
  • The Revenue growth rate is decreasing: in the next years the growth will be less than in the last years.
FCX Yearly Revenue VS EstimatesFCX Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2015 2017 2019 2021 2023 2025 2027 2029 2031 2033 10B 20B 30B 40B 50B
FCX Yearly EPS VS EstimatesFCX Yearly EPS VS EstimatesYearly EPS VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 0 1 2 3

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5

4. FCX Valuation Analysis

4.1 Price/Earnings Ratio

  • The Price/Earnings ratio is 37.67, which means the current valuation is very expensive for FCX.
  • 66.24% of the companies in the same industry are more expensive than FCX, based on the Price/Earnings ratio.
  • FCX's Price/Earnings ratio indicates a valuation a bit more expensive than the S&P500 average which is at 27.03.
  • FCX is valuated rather expensively with a Price/Forward Earnings ratio of 24.67.
  • Compared to the rest of the industry, the Price/Forward Earnings ratio of FCX is on the same level as its industry peers.
  • FCX's Price/Forward Earnings ratio indicates a similar valuation than the S&P500 average which is at 25.11.
Industry RankSector Rank
PE 37.67
Fwd PE 24.67
FCX Price Earnings VS Forward Price EarningsFCX Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 10 20 30

4.2 Price Multiples

  • Compared to the rest of the industry, the Enterprise Value to EBITDA ratio of FCX indicates a somewhat cheap valuation: FCX is cheaper than 74.52% of the companies listed in the same industry.
  • FCX's Price/Free Cash Flow ratio is a bit cheaper when compared to the industry. FCX is cheaper than 70.70% of the companies in the same industry.
Industry RankSector Rank
P/FCF 58.33
EV/EBITDA 11.55
FCX Per share dataFCX EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 5 10 15

4.3 Compensation for Growth

  • FCX's low PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a rather cheap valuation of the company.
  • FCX has a very decent profitability rating, which may justify a higher PE ratio.
  • A more expensive valuation may be justified as FCX's earnings are expected to grow with 23.96% in the coming years.
PEG (NY)0.71
PEG (5Y)1.42
EPS Next 2Y40.07%
EPS Next 3Y23.96%

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4

5. FCX Dividend Analysis

5.1 Amount

  • With a yearly dividend of 0.88%, FCX is not a good candidate for dividend investing.
  • Compared to an average industry Dividend Yield of 1.01, FCX pays a bit more dividend than its industry peers.
  • Compared to an average S&P500 Dividend Yield of 1.82, FCX's dividend is way lower than the S&P500 average.
Industry RankSector Rank
Dividend Yield 0.88%

5.2 History

  • On average, the dividend of FCX grows each year by 64.36%, which is quite nice.
  • FCX has paid a dividend for at least 10 years, which is a reliable track record.
Dividend Growth(5Y)64.36%
Div Incr Years0
Div Non Decr Years0
FCX Yearly Dividends per shareFCX Yearly Dividends per shareYearly Dividends per share 2018 2019 2020 2021 2022 2023 2024 2025 2026 0.2 0.4 0.6

5.3 Sustainability

  • 39.59% of the earnings are spent on dividend by FCX. This is a low number and sustainable payout ratio.
  • The dividend of FCX is growing, but the earnings are growing slower. This means the dividend growth is not sustainable.
DP39.59%
EPS Next 2Y40.07%
EPS Next 3Y23.96%
FCX Yearly Income VS Free CF VS DividendFCX Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 2B -2B 4B -4B
FCX Dividend Payout.FCX Dividend Payout, showing the Payout Ratio.FCX Dividend Payout.PayoutRetained Earnings

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FCX Fundamentals: All Metrics, Ratios and Statistics

FREEPORT-MCMORAN INC

NYSE:FCX (3/4/2026, 8:23:33 PM)

Premarket: 65.43 -0.5 (-0.76%)

65.93

+0.36 (+0.55%)

Chartmill FA Rating
GICS SectorMaterials
GICS IndustryGroupMaterials
GICS IndustryMetals & Mining
Earnings (Last)01-22
Earnings (Next)04-22
Inst Owners85.97%
Inst Owner Change1.97%
Ins Owners0.65%
Ins Owner Change-1.21%
Market Cap94.67B
Revenue(TTM)25.91B
Net Income(TTM)2.19B
Analysts77.86
Price Target66.9 (1.47%)
Short Float %2.38%
Short Ratio1.69
Dividend
Industry RankSector Rank
Dividend Yield 0.88%
Yearly Dividend0.6
Dividend Growth(5Y)64.36%
DP39.59%
Div Incr Years0
Div Non Decr Years0
Ex-Date01-15
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)41.69%
Min EPS beat(2)21.43%
Max EPS beat(2)61.94%
EPS beat(4)3
Avg EPS beat(4)25.24%
Min EPS beat(4)-0.22%
Max EPS beat(4)61.94%
EPS beat(8)7
Avg EPS beat(8)24.99%
EPS beat(12)11
Avg EPS beat(12)20.85%
EPS beat(16)14
Avg EPS beat(16)17.12%
Revenue beat(2)2
Avg Revenue beat(2)3.54%
Min Revenue beat(2)2.94%
Max Revenue beat(2)4.14%
Revenue beat(4)4
Avg Revenue beat(4)3.84%
Min Revenue beat(4)2.94%
Max Revenue beat(4)4.3%
Revenue beat(8)7
Avg Revenue beat(8)4.46%
Revenue beat(12)10
Avg Revenue beat(12)3.85%
Revenue beat(16)13
Avg Revenue beat(16)2.58%
PT rev (1m)18.74%
PT rev (3m)37.09%
EPS NQ rev (1m)1.02%
EPS NQ rev (3m)21.77%
EPS NY rev (1m)6.83%
EPS NY rev (3m)20.1%
Revenue NQ rev (1m)-3.42%
Revenue NQ rev (3m)-5.26%
Revenue NY rev (1m)2.87%
Revenue NY rev (3m)2.97%
Valuation
Industry RankSector Rank
PE 37.67
Fwd PE 24.67
P/S 3.65
P/FCF 58.33
P/OCF 16.88
P/B 5.01
P/tB 5.01
EV/EBITDA 11.55
EPS(TTM)1.75
EY2.65%
EPS(NY)2.67
Fwd EY4.05%
FCF(TTM)1.13
FCFY1.71%
OCF(TTM)3.91
OCFY5.93%
SpS18.05
BVpS13.16
TBVpS13.16
PEG (NY)0.71
PEG (5Y)1.42
Graham Number22.76
Profitability
Industry RankSector Rank
ROA 3.76%
ROE 11.56%
ROCE 12.5%
ROIC 8.04%
ROICexc 8.68%
ROICexgc 8.68%
OM 25.16%
PM (TTM) 8.43%
GM 28.16%
FCFM 6.26%
ROA(3y)3.58%
ROA(5y)5.29%
ROE(3y)11.14%
ROE(5y)17.28%
ROIC(3y)8.59%
ROIC(5y)9.7%
ROICexc(3y)9.39%
ROICexc(5y)11.23%
ROICexgc(3y)9.45%
ROICexgc(5y)11.34%
ROCE(3y)13.36%
ROCE(5y)15.09%
ROICexgc growth 3Y-11.55%
ROICexgc growth 5Y15.99%
ROICexc growth 3Y-11.21%
ROICexc growth 5Y16.26%
OM growth 3Y-6.69%
OM growth 5Y9.9%
PM growth 3Y-17.59%
PM growth 5Y15.17%
GM growth 3Y-6.4%
GM growth 5Y7.56%
F-Score5
Asset Turnover0.45
Health
Industry RankSector Rank
Debt/Equity 0.53
Debt/FCF 6.4
Debt/EBITDA 1.13
Cap/Depr 177.67%
Cap/Sales 15.38%
Interest Coverage 250
Cash Conversion 64.02%
Profit Quality 74.28%
Current Ratio 2.29
Quick Ratio 1.05
Altman-Z 2.46
F-Score5
WACC10.4%
ROIC/WACC0.77
Cap/Depr(3y)199.7%
Cap/Depr(5y)173.83%
Cap/Sales(3y)17.68%
Cap/Sales(5y)15.37%
Profit Quality(3y)84.67%
Profit Quality(5y)87.4%
High Growth Momentum
Growth
EPS 1Y (TTM)19.05%
EPS 3Y-10.37%
EPS 5Y26.51%
EPS Q2Q%51.61%
EPS Next Y52.72%
EPS Next 2Y40.07%
EPS Next 3Y23.96%
EPS Next 5Y8%
Revenue 1Y (TTM)1.81%
Revenue growth 3Y4.39%
Revenue growth 5Y12.79%
Sales Q2Q%-1.52%
Revenue Next Year13.22%
Revenue Next 2Y14.5%
Revenue Next 3Y10.33%
Revenue Next 5Y4.99%
EBIT growth 1Y-5.64%
EBIT growth 3Y-2.59%
EBIT growth 5Y23.95%
EBIT Next Year90.14%
EBIT Next 3Y38.23%
EBIT Next 5Y14.35%
FCF growth 1Y-40.48%
FCF growth 3Y-3.82%
FCF growth 5Y8.98%
OCF growth 1Y-21.65%
OCF growth 3Y2.97%
OCF growth 5Y13.21%

FREEPORT-MCMORAN INC / FCX FAQ

Can you provide the ChartMill fundamental rating for FREEPORT-MCMORAN INC?

ChartMill assigns a fundamental rating of 5 / 10 to FCX.


What is the valuation status of FREEPORT-MCMORAN INC (FCX) stock?

ChartMill assigns a valuation rating of 5 / 10 to FREEPORT-MCMORAN INC (FCX). This can be considered as Fairly Valued.


What is the profitability of FCX stock?

FREEPORT-MCMORAN INC (FCX) has a profitability rating of 7 / 10.


What is the financial health of FREEPORT-MCMORAN INC (FCX) stock?

The financial health rating of FREEPORT-MCMORAN INC (FCX) is 4 / 10.


What is the earnings growth outlook for FREEPORT-MCMORAN INC?

The Earnings per Share (EPS) of FREEPORT-MCMORAN INC (FCX) is expected to grow by 52.72% in the next year.