Freeport-McMoRan (FCX) Stock Fundamentals, Analysis & Risk Signals

Health score, price, valuation, risk signals, and key metrics at a glance.

Freeport-McMoRan

NYSE•Basic Materials•Copper

$70.64-0.21(<0.01%)Market open

Market Cap

$101.58B

P/E

22.1x

P/S

3.9x

P/B

5.1x

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.

How this company scores

GoodMetricSide Score: 76/100

Strongest: Profitability (22/25); weakest: Growth (17/25).

Profitability22/25

Growth17/25

Balance Sheet & Red Flags18/25

Cash & Earnings Quality19/25

Strengths

Rising free cash flowStrong marginsHigh ROELow leverage

Valuation vs. 5-year range

Today's multiple positioned against its own trailing range — a visual premium/discount check.

P/E · 22.1x5y range 7.3x – 22.1x

Currently above its 20-quarter median.

P/S · 3.9x5y range 1.7x – 3.9x

Currently above its 20-quarter median.

P/B · 5.1x5y range 2.7x – 5.1x

Currently above its 20-quarter median.

Watch items

Data-driven signals worth keeping an eye on across the last 8 quarters

High Risk

Earnings Quality

Red Flag

FCF consistently trails net income (avg 0.4x) — earnings may be inflated by non-cash items or aggressive accounting.

Cash Burn

Watch

FCF turned negative in 2 of the last 8 quarters — occasional cash consumption.

Price & Volume

Market Cap $101.58B

Metrics at a Glance

as of June 2026

Revenue & Profit

Revenue, EBITDA, operating income, net income, EPS, and shares

TTM Revenue: $25.87B
Q. Revenue: $7.03B
TTM EBITDA: $10.34B
TTM Op. Income: $6.92B
Q. Op. Income: $2.00B
TTM Net Income: $4.59B
Q. Net Income: $1.39B
EPS: $0.68
Shares Out.: $1.44B

$25.87B in TTM revenue grew 0.2% YoY, reaching $7.03B last quarter. TTM EBITDA of $10.34B and TTM operating income of $6.92B show growth is flowing through to the bottom line. TTM net income of $4.59B means revenue is converting into profit. Over the past year, TTM revenue is up 0% — a weakening trend.

Margins

Gross, EBITDA, operating, and net margin trends

Gross Margin: 31.1%
EBITDA Margin: 29.4%
Op. Margin: 28.5%
Net Margin: 19.8%

Op. margin of 28.5% is down 3.6% YoY — costs are rising relative to revenue. Net margin at 19.8% and gross margin of 31.1% show how much of each revenue dollar survives to profit. Over the past year, operating margin is down 11% — a weakening trend.

Price Ratios

P/E, P/S, P/B, EV/EBITDA, FCF yield, and earnings yield

P/E Ratio: 22.1x
P/S Ratio: 3.9x
P/B Ratio: 5.1x

At 22.1x P/E, the stock trades within typical market levels. P/S of 3.9x and P/B of 5.1x provide additional context. Use the growth and margin sections to judge whether the multiple is justified. Over the past year, P/E is up 53% — a weakening trend.

Assets & Liabilities

Total assets, cash, debt, book value, and leverage

Total Assets: $59.73B
Cash: $4.08B
Long-Term Debt: $8.17B
Book Value: $20.11B
D/E Ratio: 0.4
Debt/EBITDA: 4.0

With $59.73B in assets and $8.17B in long-term debt, D/E is 0.4and book value is $20.11B — a conservative capital structure with a cushion to weather downturns. Across the last 8 quarters, debt/equity has fallen for 7 consecutive quarters — an improving trend.

Cash Flow

Operating cash flow, free cash flow, FCF margin, and earnings quality

Op. Cash Flow: $2.05B
TTM Free Cash Flow: $2.87B
FCF Margin: 11.1%
FCF / Net Income: 0.6

TTM FCF of $2.87B on $2.05B in operating cash flow. The FCF / Net Income ratio of 0.6x means cash covers only part of net income — earnings quality needs attention. Across the last 8 quarters, free cash flow has risen for 2 consecutive quarters — an improving trend.