Freeport-Mcmoran Inc (FCX)
Materials · Copper · US stock · S&P 500 component
$69.54
▼ -0.52 (0.74%)
Fair valueFair
$63 −9.2% to fair value
$32fair band $44–$82$95
Day's range
$68.80 – $71.79
52-week range
$38.18 – $80.07
About Freeport-Mcmoran Inc
Freeport-McMoRan is a mining company that produces copper, gold and molybdenum. Its operations include large mines in the United States, South America and Indonesia, where it extracts ore and processes it into concentrate and refined metal. Revenue comes from selling these metals at market-based prices, so earnings depend heavily on copper prices and on production volumes, costs and access to its mining sites.
Freeport-Mcmoran Inc generated $25.9 billion of revenue in the last twelve months, with sales that expanded at 3.7% a year across three years. Leverage, measured as net debt to EBITDA, is 0.6 times. The operating margin is 26.7% and the return on invested capital is 19%. The company pays a dividend with a yield of 0.9%. Its X-Ray Score is 54 out of 100.
Written with AI from public information and the filing figures on this page, then checked automatically for unsupported numbers. It can contain mistakes: read the company's own filings below before relying on it.
Price chart
52-wk range $38.18 – $80.07Volume 12,070,100Daily, split-adjusted
Vitals
Market cap$100.3B
52-week range$38.18 – $80.07
Volume (last day)12,070,100
P/E (TTM)44.9
EBIT / EV yield5.9%
Free-cash-flow yield–
Dividend yield0.9%
Revenue (TTM)$25.9B
Net income (TTM)$2.2B
Operating margin26.7%
Return on capital19.1%
Debt incl. leases$9.4B
Cash & securities$4.1B
Debt = borrowings plus lease liabilities. Cash & securities = cash, equivalents and short-term marketable securities (long-term securities are not counted, so net cash can be understated for companies like Apple). Net debt = debt minus cash & securities. Source: latest SEC 10-Q/10-K. EBIT / EV yield = operating profit divided by market cap plus net debt.
Fair value estimate
$63model spread $56 – $71
Fair
−9.2% to fair value
Equal blend of three models: peer multiples, a fundamentals-adjusted multiple (growth, ROIC and margin) and a 10-year DCF scaled to the market's average. Earnings-power value (no growth) is a floor and not part of the blend. Model uncertainty is Medium, so the safety margin is 30%.
Multiples use through-the-cycle earnings (0.91x of the last twelve months)
Price $70
Undervalued < $44Fair $44 – $82Overvalued > $82
10-year DCF (market-scaled)
$80
Peer multiples
$50
Earnings power floor (not blended)
$21
Fundamentals-adjusted multiple
$60
Growth the price implies
19.8%/yr
A model estimate, not a price target or recommendation. Inputs: risk-free 5.09%, equity risk premium 4.23% (Damodaran). How it works.
What this means
Average business, fairly priced
The price sits inside our fair-value band. A high score does not guarantee a good outcome; it shifts the odds a little. Use the checklist as a prompt for your own research.
Before you invest · decision checklist
Ticked boxes are filled in from our data; the rest are yours to answer.
The five-lens scan
Every score explained in one sentence, ranked against Materials peers. Open a lens to see the numbers behind it.
Valuation
Fair
53/100
Priced about in line with its sector.
See the numbers →
EBIT / EV yield5.9%
Fair value vs price0.9×
Growth
Weak
40/100
Growing slower than most of its sector.
See the numbers →
Revenue growth (3y)3.7%
Growth consistency60%
Profitability
Fair
67/100
Returns on capital are typical for its sector.
See the numbers →
Return on invested capital19.1%
Operating margin26.7%
Gross profitability11.8%
Financial health
Fair
62/100
Balance sheet is in typical shape for its sector.
See the numbers →
Piotroski F-Score6 / 9
Net debt / EBITDA0.6×
Interest coverNo interest cost
Dividends
Weak
28/100
Dividend is modest or less certain than peers.
See the numbers →
Dividend yield0.9%
Dividend growth0.0%
Quarterly results: last 6 quarters
-9.4%
Mar '25
+14.5%
Jun '25
+2.7%
Sep '25
-1.5%
Dec '25
+9.2%
Mar '26
-7.3%
Jun '26
Revenue against the same quarter a year earlier. Latest quarter revenue $7.0B, diluted EPS $0.68.
Fundamentals checklist
● 8 Good · ● 4 Average · ● 2 BadCash quality
Earnings backed by cashGood
Risk models
Altman Z''Average
Piotroski F-ScoreAverage
Growth
Free-cash-flow growth (3y)Bad
Revenue growth (3y)Good
Growth consistencyAverage
Balance sheet
Current ratioGood
Net debt / EBITDAGood
Interest coverGood
Valuation
Fair value vs priceAverage
EBIT / EV yieldGood
Profitability
Return on invested capitalGood
Operating marginGood
Gross profitabilityBad
Each check is graded against the company's sector, not a fixed number. Checklist score 61/100.
Financials
| FY21 | FY22 | FY23 | FY24 | FY25 | |
|---|---|---|---|---|---|
| Revenue | $22.8B | $23.3B | $22.9B | $25.5B | $25.9B |
| Operating income | $8.4B | $7.0B | $6.2B | $6.9B | $6.5B |
| Net income | $4.3B | $3.5B | $1.8B | $1.9B | $2.2B |
| Operating cash flow | $7.7B | $5.1B | $5.3B | $7.2B | $5.6B |
| Operating margin | 36.6% | 30.2% | 27.2% | 27.0% | 25.2% |
| Free cash flow | $5.6B | $1.7B | $455M | $2.4B | $1.1B |
| Diluted EPS | $2.90 | – | – | – | – |
Fiscal years, from SEC filings.
Technical summary
Daily
Bearish
4 bullish · 4 neutral · 8 bearish
Weekly
Strongly bullish
9 bullish · 1 neutral · 2 bearish
Monthly
Strongly bullish
7 bullish · 1 neutral · 0 bearish
Moving averages (daily)
| SMA 10 | 71.55 | Bearish |
| EMA 10 | 71.02 | Bearish |
| SMA 20 | 71.58 | Bearish |
| EMA 20 | 71.35 | Bearish |
| SMA 50 | 71.89 | Bearish |
| EMA 50 | 70.57 | Bearish |
| SMA 100 | 67.81 | Bullish |
| EMA 100 | 68.15 | Bullish |
| SMA 200 | 64.39 | Bullish |
| EMA 200 | 63.39 | Bullish |
Oscillators (daily)
| RSI (14) | 44.01 | Neutral |
| MACD (12, 26) | -0.22 | Bearish |
| Momentum (12) | -0.44 | Bearish |
| Stochastic %K (14) | 41.79 | Neutral |
| Williams %R (14) | -58.21 | Neutral |
| CCI (20) | -96.23 | Neutral |
Pivot points (classic, last session)
S3 65.31 | S2 67.05 | S1 68.30 | Pivot 70.04 | R1 71.29 | R2 73.03 | R3 74.28 |
Signals describe what the chart is doing, not what to do. Moving averages: price above the average is bullish. Oscillators use the usual thresholds (RSI 30/70, Stochastic 20/80, CCI ±100, Williams %R −80/−20; MACD and momentum above zero are bullish). Weekly and monthly views use closing prices only.
Dividends
Paid, last 12 months
0.60 USD
Yield on today's price
0.86%
Frequency
Quarterly
Next ex-dividend date
Not announced
| Ex-dividend date | Amount per share |
|---|---|
| 15 Oct 2026 | 0.1500 |
| 15 Jul 2026 | 0.1500 |
| 15 Apr 2026 | 0.1500 |
| 15 Jan 2026 | 0.1500 |
| 15 Oct 2025 | 0.1500 |
| 15 Jul 2025 | 0.1500 |
| 15 Apr 2025 | 0.1500 |
| 15 Jan 2025 | 0.1500 |
| 15 Oct 2024 | 0.1500 |
| 15 Jul 2024 | 0.1500 |
| 12 Apr 2024 | 0.1500 |
| 11 Jan 2024 | 0.1500 |
Ex-dividend dates and amounts from EODHD. Shown as declared, before tax.
FCX SEC filings
2 Oct 2026
8-KSEC EDGAR
Results of operations; Regulation FD disclosure
8 Sep 2026
8-KSEC EDGAR
Other events
6 Aug 2026
10-QSEC EDGAR
Quarterly report
23 Jul 2026
8-KSEC EDGAR
Results of operations; Regulation FD disclosure
10 Jun 2026
8-KSEC EDGAR
Shareholder vote results
20 May 2026
8-KSEC EDGAR
Entered a material agreement
8 May 2026
10-QSEC EDGAR
Quarterly report
23 Apr 2026
DEF 14ASEC EDGAR
Proxy statement
Where the numbers come from
Statements SEC EDGAR filings (10-K, 10-Q), quarters derived from year-to-date figures.
Prices end-of-day closes, split-adjusted.
Industry inputs beta, multiples and equity risk premium from Damodaran Online (NYU Stern).
StocksXray is for education only and is not financial advice. Scores and fair values are model estimates from public filings and carry uncertainty.