Basic Materials · Copper
Price
$62.05
Market Cap
$89.2B
Employees
28,500
Beta
1.36
Avg Volume
14,810,517
CEO
Kathleen Lynne Quirk
Business Description
Freeport-McMoRan Inc. is a prominent mining enterprise conducting extensive operations across North America, South America, and Indonesia. The company primarily focuses on the exploration and extraction of key mineral resources such as copper, gold, molybdenum, and silver, alongside other valuable metals. Additionally, it maintains a significant presence in the oil and gas sector. Its diverse portfolio of assets features the notable Grasberg minerals district in Indonesia; numerous sites in the United States including Morenci, Bagdad, Safford, Sierrita, and Miami in Arizona; Tyrone and Chino in New Mexico; and Henderson and Climax in Colorado. In South America, its holdings include Cerro Verde in Peru and El Abra in Chile. Beyond its mineral interests, Freeport-McMoRan operates a collection of oil and gas properties, predominantly situated off the coasts of California and in the Gulf of Mexico, managing approximately 135 wells as of December 31, 2021. Founded in 1987 and headquartered in Phoenix, Arizona, the company adopted its current name, Freeport-McMoRan Inc., in July 2014, having previously operated as Freeport-McMoRan Copper & Gold Inc.
Business History
Revenue & Net Income Trend
The directional story — useful even when net income is negative.
Revenue
The top line — total sales before any costs or taxes are subtracted. A measure of how much business the company is doing.
Net Income
The bottom line — profit left after subtracting all expenses, interest, and taxes from revenue. Reflects accounting profitability, but includes non-cash items like depreciation, so it isn't the same as cash earned.
Operating Cash Flow
The real cash generated by the day-to-day business — selling products, paying suppliers, collecting from customers. Calculated from net income by adding back non-cash items and adjusting for timing (unpaid bills, unsold inventory). When OCF consistently lags net income, the reported profit may not be converting to real money.
| Period | Revenue | Net Income | Net Margin | YoY/QoQ |
|---|
Key Metrics
API Direct from provider
CALC Derived from statements
P/E Ratio (Price per dollar of earnings)
CALCStock Price / EPS (Diluted)
40.55
Stock Price: $62.05
EPS (Diluted): 1.53
EPS (Diluted): 1.53
P/B Ratio (Price vs net asset value)
APIStock Price / Book Value Per Share
3.88
Stock Price: $62.05
Total Equity: $18.90B
Shares: 1,443,000,000
Total Equity: $18.90B
Shares: 1,443,000,000
EV/EBITDA (Total value vs operating profit)
APIEnterprise Value / EBITDA
9.30
Market Cap: $89.19B
Total Debt: $10.49B
Cash: $3.35B
EBITDA: $8.76B
Total Debt: $10.49B
Cash: $3.35B
EBITDA: $8.76B
Enterprise Value (Takeover price (cap + debt - cash))
APIMarket Cap + Total Debt - Cash
$81.4B
Market Cap: $89.19B
Total Debt: $10.49B
Cash: $3.35B
Total Debt: $10.49B
Cash: $3.35B
Gross Margin (Revenue left after direct costs)
APIGross Profit / Revenue
27.0%
Gross Profit: $6.95B
Revenue: $25.74B
Revenue: $25.74B
Operating Margin (Revenue left after all operations)
APIOperating Income / Revenue
24.4%
Operating Income: $6.29B
Revenue: $25.74B
Revenue: $25.74B
Net Margin (Revenue left as actual profit)
APINet Income / Revenue
8.6%
Net Income: $2.20B
Revenue: $25.74B
Revenue: $25.74B
ROE (Profit from shareholder equity)
CALCNet Income / Total Equity
11.7%
Net Income: $2.20B
Total Equity: $18.90B
Total Equity: $18.90B
ROIC (Profit from all invested capital)
CALCNOPAT / Invested Capital
15.7%
Operating Income: $6.29B
Tax Rate: 34.9%
Equity: $18.90B
Total Debt: $10.49B
Cash: $3.35B
Tax Rate: 34.9%
Equity: $18.90B
Total Debt: $10.49B
Cash: $3.35B
Current Ratio (Can it pay short-term bills)
APICurrent Assets / Current Liabilities
2.29
Current Assets: $13.79B
Current Liabilities: $6.02B
Current Liabilities: $6.02B
Debt/Equity (Leverage — debt vs equity)
CALCTotal Debt / Total Equity
0.56
Short-Term Debt: $569.00M
Long-Term Debt: $9.92B
Total Debt: $10.49B
Total Equity: $18.90B
Long-Term Debt: $9.92B
Total Debt: $10.49B
Total Equity: $18.90B
Rev/Share (Top-line per share)
CALCRevenue / Shares Outstanding
$17.84
Revenue: $25.74B
Shares: 1,443,000,000
Shares: 1,443,000,000
Book Value/Share (Net assets per share)
CALC(Total Assets - Total Liabilities) / Shares
$13.10
Total Equity: $18.90B
Shares: 1,443,000,000
Shares: 1,443,000,000
FCF/Share (Real cash generated per share)
CALC(Operating Cash Flow + CapEx) / Shares
$0.77
Operating CF: $5.61B
CapEx: -$4.49B
Shares: 1,443,000,000
CapEx: -$4.49B
Shares: 1,443,000,000
CapEx is negative (outflow) — added to OCF to get FCF
Div Yield (Annual income from holding)
APILast Annual Dividend / Stock Price
1.2%
Last Dividend: N/A
Stock Price: $62.05
Stock Price: $62.05
Payout Ratio (Earnings paid out as dividends)
Dividends Paid / Net Income
—
Dividends Paid: N/A
Net Income: $2.20B
Net Income: $2.20B
Dividends paid not available in cash flow statement
Industry Benchmarks
Compares FCX against LLM-researched typical ranges for its
industry. One research call per industry, cached indefinitely — every stock in the same industry
reuses the same baseline.
Deep Analysis
Pre-flight intelligence scans the company first, then routes to the right analytical methods.
0
Company Classification
— What type of company is this?
1
Industry Landscape
— Where is the industry headed?
2
Company Momentum
— Where is this company trending?
3
Forward Projection
— 1Y & 2Y projected metrics (requires Layer 1 + 2)
4a
DCF Valuation
— Present value of future cash flows
4b
Earnings Power Value
— Floor value — worth with zero growth
4c
Anchored PE
— Industry PE adjusted for growth differential
4d
Reverse DCF
— What growth is the market pricing in?
4e
Revenue-Based DCF
— For growth/narrative companies (skip if mature earner)
4f
Anchored P/S
— Price-to-Sales peer comparison (skip if mature earner)
4g
Scenario Analysis
— Bull / Base / Bear (skip if mature earner)
4h
Dividend Discount Model
— For dividend/income stocks only
4i
Book Value Analysis
— For deep value / turnaround stocks only
4j
Insider Activity
— Are insiders buying or selling?
4f
Cash Flow Quality
— How trustworthy is the FCF?
4g
Debt Maturity Risk
— Can it handle its debt?
4h
Macro Environment
— Rates, market valuation, volatility
4i
Sector Intelligence
— How does this company compare within its sector?
4j
Revenue Confidence
— How reliable is the growth projection?
4k
Sensitivity Analysis
— How fragile is the fair value estimate?
4l
Sector Demand Cycle
— Is the sector in a boom, steady state, or contraction?
5
AI Investigation
— Adaptive research engine (Claude)
5b
Thesis Evaluation
— What does the market believe? (narrative/platform stocks only)
6
Valuation Synthesis
— Weighted verdict from all methods (requires Layer 4)
Income Statement (Annual)
Last updated: Jun 25, 2026 2:25am (2d ago)| Metric | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Revenue | $22.4B | $23.3B | $22.7B | $25.5B | $25.7B |
| Cost of Revenue | $14.1B | $15.2B | $15.8B | $18.0B | $18.8B |
| Gross Profit | $8.3B | $8.1B | $6.9B | $7.5B | $6.9B |
| Operating Expenses | $474.0M | $541.0M | $798.0M | $640.0M | $655.0M |
| Operating Income | $7.8B | $7.6B | $6.1B | $6.9B | $6.3B |
| Net Income | $4.3B | $3.5B | $1.8B | $1.9B | $2.2B |
| EBITDA | $10.3B | $9.3B | $8.6B | $9.5B | $8.8B |
| EPS | $2.93 | $2.40 | $1.28 | $1.31 | $1.53 |
| EPS (Diluted) | — | — | — | — | — |
Balance Sheet (Annual)
Last updated: Jun 25, 2026 2:25am (2d ago)| Metric | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Cash & Equivalents | $8.1B | $8.1B | $5.7B | $3.9B | $3.4B |
| Total Current Assets | $14.8B | $15.6B | $14.1B | $13.3B | $13.8B |
| Total Assets | $48.0B | $51.1B | $52.5B | $54.8B | $58.2B |
| Current Liabilities | $5.9B | $6.3B | $5.8B | $5.5B | $6.0B |
| Long-Term Debt | $9.1B | $9.6B | $9.0B | $8.9B | $9.9B |
| Total Liabilities | $25.0B | $26.2B | $25.2B | $26.1B | $27.4B |
| Total Equity | $14.0B | $15.6B | $16.7B | $17.6B | $18.9B |
| Retained Earnings | -$7.4B | -$3.9B | -$2.1B | -$170.0M | $1.4B |
Cash Flow (Annual)
Last updated: Jun 25, 2026 2:25am (2d ago)| Metric | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Operating Cash Flow | $7.7B | $5.1B | $5.3B | $7.2B | $5.6B |
| Capital Expenditure | -$2.1B | -$3.5B | -$4.8B | -$4.8B | -$4.5B |
| Free Cash Flow | $5.6B | $1.7B | $455.0M | $2.4B | $1.1B |
| Acquisitions (net) | $149.0M | $189.0M | $0 | -$210.0M | $0 |
| Debt Repayment | — | — | — | — | — |
| Dividends Paid | — | — | — | — | — |
| Stock Buybacks | -$488.0M | -$1.3B | $0 | -$59.0M | -$107.0M |
| Net Change in Cash | $4.4B | -$425.0M | -$2.3B | -$1.2B | -$657.0M |
Analyst Estimates (Annual)
Last updated: Jun 26, 2026 11:18am (21h ago)| Metric | 2027 | 2028 | 2029 | 2030 |
|---|---|---|---|---|
| Revenue |
$34.4B $29.7B – $38.8B
|
$36.0B $35.9B – $36.1B
|
$37.6B $34.4B – $42.5B
|
$35.0B $32.0B – $39.5B
|
| EBITDA |
$13.4B $11.6B – $15.1B
|
$14.0B $14.0B – $14.1B
|
$14.6B $13.4B – $16.6B
|
$13.6B $12.5B – $15.4B
|
| Net Income |
$5.6B $4.2B – $6.8B
|
$6.2B $4.6B – $8.8B
|
$7.0B $6.2B – $8.2B
|
$4.5B $4.0B – $5.3B
|
| EPS | — | — | — | — |
Growth Trends (YoY %)
Last updated: Jun 25, 2026 2:25am (2d ago)| Metric | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| Revenue Growth | +4.4% | -2.7% | +12.1% | +1.1% |
| Gross Profit Growth | -2.3% | -15.0% | +9.0% | -7.4% |
| Operating Income Growth | -3.3% | -19.5% | +12.8% | -8.4% |
| Net Income Growth | -19.5% | -46.8% | +2.2% | +17.0% |
| EBITDA Growth | -9.4% | -7.6% | +10.2% | -7.5% |
Dividend History (Last 20)
Last updated: Jun 25, 2026 2:25am (2d ago)| Date | Dividend | Declaration | Record | Payment |
|---|---|---|---|---|
| 2026-04-15 | $0.15 | 2026-03-25 | 2026-04-15 | 2026-05-01 |
| 2026-01-15 | $0.15 | 2025-12-17 | 2026-01-15 | 2026-02-02 |
| 2025-10-15 | $0.15 | 2025-09-24 | 2025-10-15 | 2025-11-03 |
| 2025-07-15 | $0.15 | 2025-06-25 | 2025-07-15 | 2025-08-01 |
| 2025-04-15 | $0.15 | 2025-03-26 | 2025-04-15 | 2025-05-01 |
| 2025-01-15 | $0.15 | 2024-12-18 | 2025-01-15 | 2025-02-03 |
| 2024-10-15 | $0.15 | 2024-09-25 | 2024-10-15 | 2024-11-01 |
| 2024-07-15 | $0.15 | 2024-06-26 | 2024-07-15 | 2024-08-01 |
| 2024-04-12 | $0.15 | 2024-03-27 | 2024-04-15 | 2024-05-01 |
| 2024-01-11 | $0.15 | 2023-12-20 | 2024-01-12 | 2024-02-01 |
| 2023-10-12 | $0.15 | 2023-09-20 | 2023-10-13 | 2023-11-01 |
| 2023-07-13 | $0.15 | 2023-06-21 | 2023-07-14 | 2023-08-01 |
| 2023-04-13 | $0.15 | 2023-03-22 | 2023-04-14 | 2023-05-01 |
| 2023-01-12 | $0.15 | 2022-12-21 | 2023-01-13 | 2023-02-01 |
| 2022-10-13 | $0.15 | 2022-09-21 | 2022-10-14 | 2022-11-01 |
| 2022-07-14 | $0.15 | 2022-06-22 | 2022-07-15 | 2022-08-01 |
| 2022-04-13 | $0.15 | 2022-03-23 | 2022-04-14 | 2022-05-02 |
| 2022-01-13 | $0.15 | 2021-12-22 | 2022-01-14 | 2022-02-01 |
| 2021-10-14 | $0.08 | 2021-09-22 | 2021-10-15 | 2021-11-01 |
| 2021-07-14 | $0.08 | 2021-06-23 | 2021-07-15 | 2021-08-02 |
Narrative Economics
The story the market is telling about this stock — the intangible X-factor
(founder mythology, cult dynamics, TAM-of-imagination) that moves price beyond
what cash flows alone explain. After Shiller, Narrative Economics.
No narrative profile yet for FCX — it's generated by the pipeline (
market-narrative step).
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Data via Financial Modeling Prep · Cached for performance · fmp
v1.1.352 · d1100787 · 2026-06-26 11:39:30