FCX
Freeport-McMoRan
$69.21
▲ 0.8%Updated Today 7:15 PM ET
▲ Up 66.8% over the last 12 months
Market Cap
$98.73B
P/E
36.2x
Forward P/E (est.)
25.86x
ROE
14.5%
Revenue Growth
-24.2%
EPS Growth
54.7%
Profit Margin
10.4%
FCF Yield
5.6%
Debt / Equity
0.5x
ROIC
18.0%
Interest Coverage
20.89x
Current Ratio
2.39x
Dividend Yield
0.9%
Implied Growth (rev. DCF)
7.8%
Rating Score
50/100
Technical analysis reads price and volume to judge momentum and timing. It complements the fundamentals above — it does not replace them. Here is what FCX's chart says today, with each tool explained.
Trend — moving averages. A moving average is the average closing price over a window, which smooths out daily noise. FCX trades near $69.21, above its 50-day average ($64.62) and 200-day average ($54.33). Price above both averages, with the shorter one above the longer, is the textbook definition of an uptrend — momentum favours buyers.
Momentum — RSI. The Relative Strength Index runs 0–100 and measures how strong recent gains are versus losses. Above 70 is "overbought", below 30 "oversold". At 56 it is in neutral territory — neither stretched nor washed out.
MACD. MACD compares two moving averages to flag shifts in momentum. Its histogram is currently positive — short-term momentum is improving.
Volatility — ATR. Average True Range is the typical daily move. FCX's is $3.51 (~5.1% of price), so swings of about that size each day are normal — handy for setting a stop that isn't too tight.
Support & resistance. Over the last month FCX found buyers near $59.76 (support) and sellers near $72.28 (resistance); its 52-week range is $35.15–$72.28. A decisive break beyond either edge often marks the next move.
Volume. The latest session traded 1.4× the 20-day average — heavier than usual, which adds conviction to the move. Rising volume on up-days suggests real buying; on down-days, real selling.
Educational information to help you read a chart — not a recommendation or a forecast. It updates daily as the price and indicators change.
Freeport-McMoRan (FCX) is a large-cap company in the Copper industry, part of the Materials sector of the S&P 500, with a market value around $98.73B.
In its latest reported year it generated about $25.19B in revenue.
Our model rates FCX Neutral (50/100) on growth, profitability, financial health, and valuation. The summary below is built from its filed financials and current ratios and refreshes automatically.
4Y CAGR
2.9%
Revenue moved from $22.42B in 2021 to $25.19B in 2025, a 2.9% compound annual growth rate. The most recent year declined 24.2% year over year. Shrinking revenue is worth a closer look — is it cyclical or structural?
Gross Margin
25.6%
Operating Margin
25.9%
Net Margin
10.4%
ROE
14.5%
Freeport-McMoRan keeps about 10.4% of each sales dollar as net profit, with a 25.6% gross margin and 25.9% operating margin. Return on equity is 14.5% and return on invested capital about 18.0%. Margins are moderate — typical of a competitive but profitable business.
Total Debt
$9.41B
Net Debt
$5.68B
Net Debt / EBITDA
0.87x
Debt / Equity
0.5x
Leverage: debt-to-equity is 0.5x, and operating profit covers interest about 20.9x, with a current ratio of 2.4x. That is a conservative balance sheet — a cushion in downturns. It carries roughly $9.41B of total debt against $3.74B of cash.
Operating CF
$5.61B
Free Cash Flow
$1.12B
FCF Margin
4.4%
In the latest year Freeport-McMoRan produced about $5.61B of operating cash flow and $1.12B of free cash flow after capital spending. That is a free-cash-flow yield of about 5.6% on today's price. Strong cash generation funds dividends, buybacks, and reinvestment.
P/E
36.2x
P/S
3.9x
P/B
3.78x
EV / EBITDA
12.16x
FCX trades at 36.2x trailing earnings (about 25.9x on estimated forward earnings), 3.9x sales, and 3.8x book value. Reverse-engineering today's price implies the market expects roughly 7.8% long-term free-cash-flow growth. That is a premium multiple that needs growth to justify it.
Where this stock sits versus what most companies trade at.
Typical ranges are general references (e.g., many stocks trade at ~18–26x earnings), not hard rules. Context only — not investment advice.
How FCX stacks up against its Materials peers — valuation, profitability, and growth versus the sector median.
In the Materials sector (26 S&P 500 companies), FCX ranks #14 of 26 by our overall rating. It trades at a premium versus the sector on earnings (36.2x P/E vs. 27.7x median) with a higher return on equity (14.5% vs. 14.1%) and slower revenue growth (-24.2% vs. 4.9%).
P/E vs sector
36.2x
median 27.7x
ROE vs sector
14.5%
median 14.1%
Growth vs sector
-24.2%
median 4.9%
Sector rank
#14
of 26 by rating
Valuation vs. quality map
The sweet spot is upper-left: more profitable (higher ROE) for a lower P/E. Dashed lines mark the sector median.
Peers are the closest Materials companies by sub-industry and size. Sector median is across all 26 S&P 500 names in the sector. Educational, not a recommendation.
Project revenue → earnings → price. Edit the assumptions to build your own case.
2030 price target (Base Case)
$44.68 – $73.12
vs. $69.21 today · expected CAGR -8% – 1%
| Metric | 2026 | 2027 | 2028 | 2029 | 2030 |
|---|---|---|---|---|---|
| Revenue | $25.94B | $26.72B | $27.52B | $28.35B | $29.20B |
| Net income | $2.59B | $2.67B | $2.75B | $2.83B | $2.92B |
| EPS | $1.80 | $1.86 | $1.91 | $1.97 | $2.03 |
| Share price (low) | $39.70 | $40.89 | $42.12 | $43.38 | $44.68 |
| Share price (high) | $64.96 | $66.91 | $68.92 | $70.99 | $73.12 |
| CAGR (low–high) | -43% / -6% | -23% / -2% | -15% / -0% | -11% / 1% | -8% / 1% |
Educational model on sample fundamentals — not a forecast or investment advice. Outputs are only as good as your assumptions.
The case for FCX:
- Healthy free-cash-flow yield (~5.6%) funds buybacks and dividends.
- A conservative balance sheet (debt/equity 0.5x) lowers risk.
The case against FCX:
- Revenue growth is slow/negative (-24.2%), limiting the upside engine.
- Like any single stock, it is exposed to competition, the economic cycle, and shifts in its end markets.
Valuation risk — at 36.2x earnings, disappointing results could compress the multiple.
Growth risk — sluggish revenue (-24.2%) leaves little margin for execution missteps.
Market risk — sector rotation, the economic cycle, and broad sentiment move the stock regardless of fundamentals.
On balance, the picture is mixed: Freeport-McMoRan is a large-cap materials business with shrinking revenue, with modest profitability, and a sound balance sheet. It trades at 36.2x earnings, which our model scores Neutral (50/100). Weigh this against your own goals and time horizon — this is educational information, not a recommendation.
Data notice. Fundamentals and financial statements are sourced from company filings (SEC EDGAR) and market-data providers; prices and market caps refresh on trading days and may be delayed. Ratings, projections, technical signals, and written summaries are model- or rule-generated for education and may simplify or lag the latest filings.
Not advice. Nothing on this page is investment advice or a recommendation to buy, hold, or sell any security. Do your own research and consult a licensed financial professional before investing.