# Freeport-McMoRan Inc. (FCX) fundamentals

Data as of 2026-11-04. NYSE, United States. Sector: Basic Materials / Mining & Metals. Price $61.77, market value $88.7 billion.

## Valuation
- **P/E (trailing): 26.0×** (5-yr avg 13.5×). Freeport-McMoRan Inc. trades at 26.0× trailing earnings, well above its own five-year average of 13.5×: investors are paying up relative to the company's past. The Basic Materials median in the September 2026 study was 19.0×. Forward P/E is 14.4×, lower than trailing, so analysts expect earnings to grow.
- **Price / sales: 3.5×**. Each dollar of revenue is priced at 3.5×.
- **Price / book: 4.1×**. The shares trade at 4.1× book value; book value is a meaningful part of the valuation.
- **EV / EBITDA: 10.4×**. Enterprise value is 10.4× operating earnings before depreciation, the multiple that ignores how the company is financed.
- **Earnings yield: 3.9%**. The inverse of the P/E: 3.9% of the price is earned each year.

## Profitability
- **Operating margin: 27.3%**. 27.3% of revenue is left after running the business, an exceptional level.
- **Net margin: 16.5%**. 16.5% of each dollar of sales reaches the bottom line.
- **Return on equity: 22.0%**. 22.0% on shareholders' equity is excellent if it is not driven by leverage; sustained above 20% usually signals a competitive advantage.
- **Return on invested capital: 22.4%**. Return on all capital, debt included, is 22.4%: comfortably above what that capital costs.
- **Return on assets: 7.2%**. Each dollar of assets produces 7.2% of profit.

## Growth
- **Revenue growth (1 yr): 0.1%** (3-yr 2.7%/yr, 5-yr 12.6%/yr). Revenue grew 0.1% over the last year, against 12.6% a year compounded over five years: growth is slowing.
- **Free-cash-flow growth (3 yr): -12.6%/yr**. Free cash flow has compounded at -12.6% a year over three years.

## Financial health
- **Debt to equity: 0.50**. Debt is 0.50 times equity: a conservative balance sheet.
- **Net debt / EBITDA: 0.6×**. It would take 0.6 years of operating earnings to repay net borrowings, within the comfortable range.
- **Current ratio: 2.29** (quick 2.29). Current assets cover the next year's liabilities 2.29 times.
- **Altman Z-score: 3.36**. A Z-score of 3.36 places the company in the safe zone for bankruptcy risk.
- **Piotroski F-score: 5/9**. 5 of 9 checks pass: mixed.

## Dividends
- **Dividend yield: 0.97%** ($0.60 per share, trailing). Freeport-McMoRan Inc. yields 0.97%, a modest yield more typical of a growth-oriented payer.
- **Payout ratio: 21%**. 21% of earnings goes out as dividends, leaving room to keep raising it.
- **Consecutive years of increases: 5**. 5 straight years of increases.
- **Dividend growth (5 yr): 64.4%/yr** (1-yr 0.0%). The dividend has compounded at 64.4% a year over five years, doubling roughly every 1 years at that pace.
- **Shareholder yield: 1.2%**. Dividends plus net buybacks return 1.2% of the market value a year.

## Analyst view
- **Analyst consensus: buy** (22 analysts). 22 analysts cover Freeport-McMoRan Inc.; the consensus is buy, with an average price target of $78.75 (+27% from the current price). Analyst opinion is shown for context; it is not part of the Fundamental Score.

## Price and momentum
- **Total return (1 yr): 51.1%** (YTD 22.5%, 3-mo -8.2%). The shares are up 51.1% over twelve months including dividends.
- **From 52-week high: -23.0%** (60.3% above the low). Trading 23% below its 52-week high.
- **200-day average: below**. The price sits below its 200-day moving average, the usual definition of a downtrend.
- **RSI (14-day): 30**. An RSI of 30 is oversold; bounces are common, but oversold can stay oversold in a real decline.
- **Beta (1 yr): 2.20** (volatility 48%). Beta of 2.20 against the S&P 500: the shares move much more than the market.

Live score and charts: https://foliofundamentals.com/analyzer?s=FCX · Page: https://foliofundamentals.com/stocks/fcx

Not investment advice.