Homepage
Basic Materials · Copper · United States · Updated May 11, 12:49pm
$64.24
Price
$92.3B
Market Cap
28,500
Employees
1.32
Beta
Kathleen Lynne Quirk
CEO
Business Description
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, as well as oil and gas. Its assets include the Grasberg minerals district in Indonesia; Morenci, Bagdad, Safford, Sierrita, and Miami in Arizona; Tyrone and Chino 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 also operates a portfolio of oil and gas properties primarily located in offshore California and the Gulf of Mexico. As of December 31, 2021, it operated approximately 135 wells. The company was formerly known as Freeport-McMoRan Copper & Gold Inc. and changed its name to Freeport-McMoRan Inc. in July 2014. Freeport-McMoRan Inc. was incorporated in 1987 and is headquartered in Phoenix, Arizona.
Business History
Price Overview
Last updated: May 11, 2026 12:49pm (just now)$64.24
+2.59 (+4.20%)
Day Range
$62.22 – $64.98
52-Week Range
$35.15 – $70.97
50-Day MA
$61.31
200-Day MA
$51.07
Volume
6,996,606.00
Analyst Price Targets
Low
$47.00
Consensus
$67.00
High
$77.00
(66 analysts)
Share Structure
Outstanding
1,437,200,000.00
Float
1,429,518,166.00
Free Float
99.5%
High free float
— 99.5% of shares trade freely, ~0.5% held by insiders/institutions
Very liquid — most shares trade freely. Low insider ownership can mean less management alignment, but makes large position sizing straightforward.
Price History (1 Year)
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)
APIStock Price / EPS (Diluted)
33.94
Stock Price: $64.24
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: $64.24
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
10.29
Market Cap: $92.33B
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: $92.33B
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)
APINet Income / Total Equity
14.5%
Net Income: $2.20B
Total Equity: $18.90B
Total Equity: $18.90B
ROIC (Profit from all invested capital)
APINOPAT / Invested Capital
9.1%
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: $64.24
Stock Price: $64.24
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)
| 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)
| 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)
| 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)
| Metric | 2027 | 2028 | 2029 | 2030 |
|---|---|---|---|---|
| Revenue |
$33.9B $29.4B – $38.4B
|
$35.6B $35.5B – $35.6B
|
$37.6B $34.4B – $42.7B
|
$35.0B $32.0B – $39.7B
|
| EBITDA |
$13.2B $11.4B – $15.0B
|
$13.8B $13.8B – $13.9B
|
$14.6B $13.4B – $16.6B
|
$13.6B $12.5B – $15.4B
|
| Net Income |
$5.3B $3.4B – $6.9B
|
$5.7B $3.7B – $9.5B
|
$6.0B $5.3B – $7.0B
|
$4.5B $4.0B – $5.3B
|
| EPS | — | — | — | — |
Growth Trends (YoY %)
| 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% |
Insider Trading (Recent)
| Date | Insider | Type | Shares | Price | Value |
|---|---|---|---|---|---|
| 2026-04-01 | STEPHENS JOHN JOSEPH | A-Award | 350.00 | $58.78 | $20,573 |
| 2026-04-01 | GRANT HUGH | A-Award | 574.00 | $58.78 | $33,740 |
| 2026-03-07 | ADKERSON RICHARD C | G-Gift | 27,693.00 | $0.00 | $0 |
| 2026-02-20 | Higgins Stephen T. | S-Sale | 29,654.00 | $63.00 | $1.9M |
| 2026-02-15 | Mikes Ellie L. | F-InKind | 4,988.00 | $62.84 | $313,446 |
| 2026-02-18 | Mikes Ellie L. | S-Sale | 11,000.00 | $62.03 | $682,345 |
| 2026-02-15 | Currault Douglas N. II | F-InKind | 8,165.00 | $62.84 | $513,089 |
| 2026-02-13 | Robertson Maree E. | S-Sale | 48,500.00 | $61.55 | $3.0M |
| 2026-02-15 | Robertson Maree E. | F-InKind | 10,354.00 | $62.84 | $650,645 |
| 2026-02-15 | Higgins Stephen T. | F-InKind | 9,021.00 | $62.84 | $566,880 |
| 2026-02-15 | QUIRK KATHLEEN L | F-InKind | 28,244.00 | $62.84 | $1.8M |
| 2026-02-15 | ADKERSON RICHARD C | F-InKind | 25,469.00 | $62.84 | $1.6M |
| 2026-02-09 | ADKERSON RICHARD C | A-Award | 248,125.00 | $0.00 | $0 |
| 2026-02-09 | ADKERSON RICHARD C | F-InKind | 95,165.00 | $60.67 | $5.8M |
| 2026-02-09 | ADKERSON RICHARD C | A-Award | 27,500.00 | $0.00 | $0 |
| 2026-02-10 | ADKERSON RICHARD C | S-Sale | 248,031.00 | $62.80 | $15.6M |
| 2026-02-11 | ADKERSON RICHARD C | S-Sale | 132,824.00 | $64.57 | $8.6M |
| 2026-02-11 | ADKERSON RICHARD C | S-Sale | 20,136.00 | $65.21 | $1.3M |
| 2026-02-09 | QUIRK KATHLEEN L | A-Award | 132,500.00 | $0.00 | $0 |
| 2026-02-09 | QUIRK KATHLEEN L | F-InKind | 52,979.00 | $60.67 | $3.2M |
Dividend History (Last 20)
| 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 |
No community reviews yet for FCX.
Be the first — export the analysis to your AI and contribute back.
My Notes
personal — only you see this
Sign in to save personal notes and rate your interest in this stock.
Data via Financial Modeling Prep · Cached for performance · fmp
v1.1.193 · 1946f027 · 2026-05-08 18:57:27