Stock Analysis
Freeport-McMoran Inc.FCX
P/E 33.91×· 5Y range 7.53–47.78×· 77th percentile of history
Sector: Basic Materials · Industry: Metal Mining
AnalystsStrong Buy30 analystsP/E 33.9× sits at the 77th percentile of its 5.0978781656399725-year history.
Cash covers 39% of debt · Q2 2026.
PMP Verdict
Mixed fundamentals, expensive valuation
Strengths
- Financial Health80
- Profitability69
Risks
- Valuation42
- Growth31
Mixed fundamentals at a demanding price.
Bull Case
- ✓Interest coverage 20.0× — debt well covered
What's happening with FCX
Profile
Strong financial health; growth, valuation and moat lag behind.
How is each axis scored?
- Valuation42/100 · Weak
- P/E vs own history (77th pct)5/25
- FCF yield (1.8%)5/25
- P/S (3.8x)20/25
- EV/EBIT (15.3x)12/25
- Growth31/100 · Weak
- Revenue CAGR (3.2%)6/25
- Net income CAGR (-15.4%)0/25
- EPS CAGR 5Y (-14.9%)0/25
- Fwd implied growth (75.2%)25/25
- Profitability69/100 · Moderate
- ROIC (14.2%)12/25
- ROE (9.1%)12/25
- Net margin (11.4%)20/25
- Operating margin (26.8%)25/25
- Financial Health80/100 · Strong
- Altman Z (2.85)18/25
- Current ratio (2.07)25/25
- Interest coverage (20.0x)25/25
- Net cash / debt (D/A 11%)12/25
- Quality50/100 · Moderate
- Piotroski F (6/9)15/25
- Beneish M (-2.28)20/25
- FCF conversion (60%)15/25
- Margin stability (σ 27.8%)0/25
- Moat44/100 · Weak
- ROIC >12% years (7/10 yrs)20/25
- Median gross margin (28.0%)6/25
- FCF-positive years (9/10 yrs)18/25
- Worst-year net margin (worst -28.0%)0/25
Risk Flags
- ⚠2 loss-making years in recent history
About Freeport-McMoran Inc.
Freeport-McMoRan owns stakes in 10 copper mines, led by its 49% ownership of the Grasberg copper and gold operations in Indonesia, 55% of the Cerro Verde mine in Peru, and 72% of Morenci in Arizona. Show more
It sold around 1.1 million metric tons of copper (its share) in 2025, making it the one of the world's largest copper miners by volume. It also sold about 530,000 ounces of gold, mostly from Grasberg, and 74 million pounds of molybdenum. It had about 25 years of copper reserves at the end of December 2025. We expect it to sell about 1.3 million metric tons of copper and 610,000 ounces of gold midcycle in 2030.
Headquarters: PHOENIX, AZ · Employees: 29,000 · Website ↗
Price History
Weekly Candlestick Chart — up to 5Y
Key Metrics
Financial snapshot · Tap any metric for its definition and grade
TTM Snapshot
trailing twelve months · YoYValuation
42D+P/E (TTM)33.8xC
Grade C: ExpensivePrice / TTM EPS (own statements) — vs own 5Y history: 7.5x–47.8x · 77th pct
P/FCF40.4xC
Grade C: ExpensivePrice / Free Cash Flow per share (Finnhub). Inverse of FCF yield — negative when FCF is negative · Elevated investment — CapEx = 70% of operating cash flow, weighing on reported FCF
FCF Yield1.8%C
Grade C: LowTTM (OCF − CapEx) / Market Cap — vs own 5Y history: 0.6%–13.5% · 48th pct · Elevated investment — CapEx = 70% of operating cash flow, weighing on reported FCF
P/S (TTM)3.85xB
Grade B: FairPrice / TTM Revenue (own statements) — vs own 5Y history: 1.5x–4.4x · 97th pct
EV/EBIT15.3xB
Grade B: FairEnterprise value / TTM EBIT (D&A not in our data) — capital-structure neutral — vs own 5Y history: 4.0x–17.1x · 97th pct
EV/Sales4.1xB
Grade B: FairEnterprise Value / TTM Revenue (Finnhub) — capital-structure neutral sales multiple
Forward P/E19.3xB
Grade B: FairPrice / next-year EPS estimate — shows whether the TTM multiple is rich or just front-loading growth
P/B Ratio3.09xC
Grade C: ExpensivePrice to Book Value. Neg. equity = heavy buybacks
PEG Ratio1.20B
Grade B: FairFinnhub PEG — their P/E basis ÷ expected EPS growth. Suppressed when their P/E diverges >2× from our TTM P/E (different basis)
Dividend Yield0.87%A
Grade A: PaysTTM dividend yield (Finnhub) — annual dividends / price. None = no dividend; very high yield can signal distress
Payout Ratio29.4%A
Grade A: SafeDividends / Net Income (Finnhub) — share of earnings paid out; >90% or negative = unsustainable
Elevated investment: Elevated investment — CapEx = 70% of operating cash flow, weighing on reported FCF
Profitability
69BROIC14.2%C
Grade C: AverageNOPAT (EBIT less ~21% tax) / invested capital (equity + debt − cash). Flagship quality metric — durable >15% signals a moat
ROE9.1%D
Grade D: WeakReturn on Equity. Neg. equity = heavy buybacks
ROA5.0%C
Grade C: AverageReturn on Assets (Finnhub) — Net Income / Total Assets; how efficiently assets produce profit
Net Margin11.4%A
Grade A: HighNet Income / Revenue
Operating Margin26.8%A
Grade A: HighTTM EBIT / TTM Revenue
Gross Margin27.1%D
Grade D: LowGross Profit / Revenue
FCF Margin6.8%D
Grade D: LowFCF / Revenue · Elevated investment — CapEx = 70% of operating cash flow, weighing on reported FCF
True FCF Margin6.2%C
Grade C: AverageTTM (OCF − CapEx − SBC) / TTM Revenue — SBC treated as a real cost · Elevated investment — CapEx = 70% of operating cash flow, weighing on reported FCF
Growth
31DRevenue CAGR3.2%D
Grade D: LowCompound annual revenue growth (up to 5Y depending on data availability)
Net Income CAGR-15.4%D
Grade D: LowCompound annual net income growth (up to 5Y depending on data availability)
EPS CAGR (5Y)-14.9%D
Grade D: LowCompound annual EPS growth over up to 5Y of per-share earnings (own statements). Null when either endpoint EPS ≤ 0
Implied EPS Growth75.2%A
Grade A: HighAnalyst forward EPS (normalized basis) vs our GAAP TTM EPS — different bases, so extreme values usually mark cyclically depressed TTM earnings, not real growth
Dilution (5Y)-3.0%A
Grade A: BuybacksShare count change over 5Y
SBC / Net Income5.1%A
Grade A: LowStock-based comp/Net income. >30% = dilution risk
SBC / Revenue0.6%A
Grade A: LowTTM stock-based comp / TTM Revenue
Financial Health
80AAltman Z-Score2.85C
Grade C: Gray zoneBankruptcy risk. >3 Safe, <1.8 Distress
Current Ratio2.07xA
Grade A: HighCurrent Assets/Liabilities
Quick Ratio0.92xC
Grade C: Ok(Current Assets − Inventory) / Current Liabilities (Finnhub) — stricter liquidity test, excludes inventory
Interest Coverage20.0xA
Grade A: StrongEBIT/Interest. >10 Strong
Debt Repayment3.6yC
Grade C: AverageYears to repay net debt via FCF · Elevated investment — CapEx = 70% of operating cash flow, weighing on reported FCF
Net Debt/EBIT0.9xA
Grade A: LowLeverage. <2x Low, >4x High
Debt/Equity0.32xA
Grade A: LowDebt / Equity: <1 Conservative, >2 Risky. Not meaningful with non-positive equity; shown as unavailable rather than low debt.
Cash / Debt0.39xC
Grade C: PartialCash covers how much of total debt. >1 = could repay all debt from cash
Quality
50CPiotroski F-Score6/9C
Grade C: AverageFinancial strength 0–9. >7 Strong
Beneish M-Score-2.28A
Grade A: SafeEarnings manipulation risk. < -2.22 Safe
FCF Conversion59.8%C
Grade C: AverageFCF / Net Income · Elevated investment — CapEx = 70% of operating cash flow, weighing on reported FCF
Margin Stability27.8%D
Grade D: VolatileEBIT margin std deviation. Lower = stable
Capex / Revenue16.0%D
Grade D: HeavyTTM CapEx / TTM Revenue — high % = capital-hungry business
Asset Turnover0.44xD
Grade D: LowRevenue / Total Assets (Finnhub) — how efficiently the asset base generates sales
Insider Transactions
SEC Form 4 · 8 recordsP/S codes are the directional signal; grants, option exercises and tax withholding carry none. Form 4 doesn't flag 10b5-1 plans — scheduled sales may appear within open-market sells.
| Trade date | Insider | Transaction | Shares | Filed |
|---|---|---|---|---|
STEPHENS JOHN JOSEPH Filed | STEPHENS JOHN JOSEPH | Grant / award | +294 | |
GRANT HUGH Filed | GRANT HUGH | Grant / award | +482 | |
KENNARD LYDIA H Filed | KENNARD LYDIA H | SellOpen market sale | -3798 | |
Currault Douglas N. II Filed | Currault Douglas N. II | Option exercise | -15000 | |
Currault Douglas N. II Filed | Currault Douglas N. II | Option exercise | -65000 |
Show 3 more filingsShow fewer filings
| Trade date | Insider | Transaction | Shares | Filed |
|---|---|---|---|---|
Currault Douglas N. II Filed | Currault Douglas N. II | SellOpen market sale | -80000 | |
Currault Douglas N. II Filed | Currault Douglas N. II | Option exercise | +15.0K | |
Currault Douglas N. II Filed | Currault Douglas N. II | Option exercise | +65.0K |
Option exercise (M) rows report a derivative leg, not an open-market sale — a paired negative entry is the option position being consumed.
More metrics — Moat, Per Share, Balance Sheet, MarketHide additional metrics
Moat
44D+ROIC >12% Years7/10 yrsA
Grade A: DurableShare of completed fiscal years with ROIC > 12% — measures multi-year capital-return durability
Gross Margin (Med.)28.0%D
Grade D: WeakMedian annual gross margin across available fiscal years — pricing-power durability
FCF-Positive Years9/10 yrsA
Grade A: DurableShare of completed fiscal years with positive free cash flow
Net Margin Floor-28.0%D
Grade D: WeakWeakest annual net margin across completed fiscal years — recession/downcycle resilience
Per Share
EPS (TTM)$2.05
Own TTM net income / shares — same earnings basis as P/E
Cash / Share$2.84
Cash & short-term investments per share (Finnhub)
Book Value / Share$14.00
Shareholders' equity per share (Finnhub). Negative = accumulated losses / heavy buybacks
Balance Sheet
Total Debt$10.36B
Total debt obligations (short + long term)
Cash & Equiv.$4.08B
Cash and short-term investments
Net Debt$6.28B
Total Debt minus Cash. Negative = Net Cash position
Total Equity$32.22B
Shareholders' equity (book value)
Asset / Liability2.17xA
Grade A: SolidTotal Assets / Total Liabilities
Market
Market Cap$99.54B
Current Market Capitalization
Beta1.37C
Grade C: VolatilePrice sensitivity vs the market (Finnhub) — 1.0 moves with market, >1.2 amplifies swings
How grades work: each metric is graded A–D against fixed thresholds (tap a row for the meaning). Card grades map the pillar score to A+–E — a card grade is that pillar's own score, not an average of the rows shown.
Financials as of Jun 2026 · Ratio snapshot Oct 17, 2026
Key Insights: Freeport-McMoran Inc. (FCX)
FCX is down 0.74% at the last close. Piotroski F-Score of 6/9 indicates mixed fundamentals for Freeport-McMoran Inc.. Altman Z-Score of 2.85 falls in the grey zone (1.81–2.99) — financial distress is unlikely but not ruled out.
- Beneish M-Score of -2.28 suggests a low likelihood of earnings manipulation.
- Takes ~3.6 years to repay net debt from free cash flow.
- Freeport-McMoran Inc. posted a net loss in 2 of 10 available completed fiscal years (2016–2025).
See how FCX ranks on the Capex Tracker — top 50 capital spenders compared.
Recent Market Moves
See all FCX moves →| Date | Session | Price | Move | Z-Score |
|---|---|---|---|---|
| Oct 14 | Regular | 69.26 | -4.37% | -2.67 |
| Oct 14 | After-hours | 69.21 | -4.43% | -2.70 |
| Oct 9 | Regular | 73.75 | +3.67% | 2.16 |
| Oct 9 | After-hours | 73.68 | +3.57% | 2.11 |
Frequently Asked Questions about FCX
What is the current Freeport-McMoran Inc. (FCX) stock price?
FCX is trading at $69.54 at the last market close, down 0.74% on the session. PreMarketPrice tracks FCX pre-market, intraday and after-hours prices.
Is FCX stock a buy right now?
PreMarketPrice's quantitative model rates Freeport-McMoran Inc.'s financial health at 80/100. This is a data-driven snapshot of fundamentals, not investment advice.
Is FCX stock overvalued?
Freeport-McMoran Inc. trades at a trailing P/E of 33.8 and our valuation score rates it 42/100 (higher = cheaper vs. its own history). See the Valuation History and Key Metrics sections for forward P/E, EV/EBITDA and PEG context.
When does Freeport-McMoran Inc. report earnings?
No confirmed earnings date is currently scheduled for FCX. The Earnings section lists recent reports and updates as dates are announced.
What sector does Freeport-McMoran Inc. operate in?
Freeport-McMoran Inc. operates in the Basic Materials sector, within the Metal Mining industry. The Related Stocks section lists sector peers for comparison.
What does Freeport-McMoran Inc. do?
Freeport-McMoRan owns stakes in 10 copper mines, led by its 49% ownership of the Grasberg copper and gold operations in Indonesia, 55% of the Cerro Verde mine in Peru, and 72% of Morenci in Arizona.
About Freeport-McMoran Inc. (FCX) Stock
Freeport-McMoran Inc. (FCX) is a US-listed stock operating in the Basic Materials sector, specifically the Metal Mining industry. As of the latest update, Freeport-McMoran Inc. is trading at $69.54, down 0.74% on the day with a market capitalization of $99.5 billion. The financial health score for FCX is 80/100, which indicates excellent financial strength based on profitability, leverage, liquidity, and growth metrics. This page provides real-time pre-market pricing, earnings calendar, financial health analysis, and valuation metrics for FCX stock.
FCX Stock Analysis & Key Metrics
On PreMarketPrice, you can track Freeport-McMoran Inc. (FCX) across multiple dimensions:
- Pre-market price & movement: Real-time FCX stock price with percentage change, updated continuously during pre-market and regular trading hours.
- Valuation & P/E history: Historical P/E, P/S, and P/B ratios for FCX with trend analysis and normalized valuation multiples.
- Financial statements: Revenue, net income, assets, liabilities, and equity for Freeport-McMoran Inc. across multiple reporting periods.
- Financial health score: A composite score of 80/100 based on Altman Z-Score, Piotroski F-Score, profitability, and leverage metrics for FCX.
- Sector peers: Compare FCX against 4 other basic materials stocks on key financial metrics.
Is FCX a Good Stock to Buy?
This page provides data-driven analysis to help you evaluate Freeport-McMoran Inc. (FCX) as an investment. The financial health score of 80/100 suggests excellent financial fundamentals. Valuation metrics show whether the stock is trading above or below its historical average.However, this is not financial advice — always do your own research before investing.
Data on this page is sourced from real-time market feeds, Polygon.io, and Finnhub.Freeport-McMoran Inc. (FCX) trades on NYSE/NASDAQ. Pre-market trading occurs 4:00 AM – 9:30 AM ET. Regular market hours are 9:30 AM – 4:00 PM ET.