# Freeport-McMoRan share price today (Freeport-McMoRan Inc., FCX)

> Freeport-McMoRan Inc.'s share price, valuation and earnings point in different directions. The next one or two quarters should make it clearer. FCX · Materials · Copper · data as of 4 November 2026. Page: https://www.sectoralpha.in/us/stocks/fcx

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## Key numbers

- Business trend: Mixed, from the last 12 quarters
- Price: $62.64 (+57.3% in a year)
- P/E: 26.3×, over 4.6 years
- Revenue (Jun 2026): $7.0 B (−7.3% on a year ago)
- Profit (Jun 2026): $1.4 B (−10.1% on a year ago)
- Operating margin: 33.4% (+1.3 points on a year ago)
- ROE: 14%, FY25
- ROIC: 13.8%, against a 10.8% cost of capital: +3.0 points

The main question: the share price moved +57.3% in a year while yearly earnings per share moved +16.9%. The difference came from the market paying a higher multiple. ## What is the Freeport-McMoRan share price today? Freeport-McMoRan Inc.'s share price was $62.64 at the close on 4 November 2026. It has been moving sideways for 2 weeks. That is 4.0% below its average price over the last 200 trading days. In the last 52 weeks it traded between $40 and $77, and at that close it sat 62% of the way up from that low. Over the past 13 weeks it has done worse than the S&P 500, and it has been behind for 2 weeks running. Over the last 10 years the share price moved +459% while the S&P 500 moved +261%, so it is ahead of the index over that whole period. It was last ahead over 13 weeks in the week of 23 October 2026. The chart above shows the 13-week comparison for every week. This page treats a rise as over when the price closes below its 200-day average on two Fridays in a row. ## What dividend does Freeport-McMoRan pay? Freeport-McMoRan Inc. paid $0.60 per share over the last four reported quarters. The most recent declaration was $0.15 for Jun 2026. At today's price of $62.64 that is a yield of 0.96%, based on dividends already paid, not a forecast. ## Which stock lists is Freeport-McMoRan on? Freeport-McMoRan is on one of our US lists: S&P 500 companies. [S&P 500 companies](https://www.sectoralpha.in/sp-500-stocks)

## Is Freeport-McMoRan profitable? Freeport-McMoRan Inc. earned $1.4 B of net profit in the Jun 2026 quarter, −10.1% on the same quarter a year earlier. Full-year FY25 profit was $4.2 B. Over 4 years profit has grown −6.2% a year on average. That is 19.8% of the quarter's revenue. The same quarter a year earlier earned $1.5 B. For the full year, FY25 profit was $4.2 B (−5.6% on the year before). Why profit moved: revenue changed −7.3% on a year earlier and the margin moved +1.3 percentage points. Sales did the work, and the margin was about flat. On average over the last four quarters, profit changed +11.0% and revenue +0.7%. Profit is growing faster than sales: fixed costs are spread over more sales, so each extra dollar of revenue adds more to profit. ## How much revenue does Freeport-McMoRan make, and is it growing? Freeport-McMoRan Inc. reported $7.0 B of revenue in the Jun 2026 quarter, −7.3% on the same quarter a year earlier. Over 4 years it has grown 3.2% a year on average. The last full year, FY25, came in at $25.9 B. The last four reported quarters add to $25.9 B. FY25 revenue was $25.9 B, +1.8% on the year before. Recent pace: the last four quarters grew +0.7% on average, against 3.2% a year over the longer run, so this year is growing slower than its own long-run rate. Is growth speeding up? Revenue over the last 12 months grew +0.2%, against +2.4% a year over the last 8 quarters (stabilising); profit over the last 12 months grew +6.8%, against +2.0% a year (accelerating). ## How much of every $100 of sales does Freeport-McMoRan keep? Freeport-McMoRan Inc.'s operating margin was 33.4% in the Jun 2026 quarter, 1.3 percentage points higher than the same quarter a year ago. Across 5 years it has been between 25.1% and 36.7%. The latest quarter is within that range. Why the margin moved: operating margin changed +1.3 percentage points on the year while gross margin changed −0.9 points. So the gain came mostly from the gross margin, which means input costs and prices charged. ## Is Freeport-McMoRan's profit turning into cash? Over the last 3 years, 147% of Freeport-McMoRan Inc.'s reported profit came in as cash from its operations, so the profit is backed by cash. In FY25 it brought in $5.6 B of operating cash against $4.2 B of profit. After $4.5 B of spending on assets, $1.1 B was left over as free cash. Cash-flow figures here are yearly, because quarterly cash statements are not published, so this section changes once a year. Why: the cash figure is clear, but the day counts behind it are not in our data, so we show it without guessing the reason. What to look at next: the main use of cash is spending on assets. The next section checks what that spending is building. ## Where does Freeport-McMoRan's cash go? Freeport-McMoRan Inc. does not report the customer, stock and supplier day counts a cash cycle needs, so this section looks at its spending on assets instead. It spent $14.1 B on assets over the last 3 years. Averaged over those years that is 18.2% of FY25 revenue a year. Nothing is estimated in place of the missing day counts, so no cash-cycle chart is drawn. Spending on assets: $14.1 B over the last 3 years. In short: the cash is going into new capacity, not getting stuck in the daily cycle. The question is whether the new capacity earns. ## What is Freeport-McMoRan's P/E ratio, and how does it compare with its own history? Freeport-McMoRan Inc.'s P/E is 26.3×, with too little history to compare. This compares the share price with the company’s own past. It does not say what the business is worth. Why the multiple is where it is: over the past year earnings per share moved +16.9% while the price moved +57.3%. The price did better than earnings, which pushed the multiple up within its own range. Where the price move came from: over 3 years the price moved +21.2% a year; about +10.8% a year came from earnings growth and about +10.4 percentage points from the multiple (the market paying more). The split is approximate (price return minus earnings growth). It shows how much of the move came from the market paying a different multiple. In short: there is too little history to say whether the multiple is high or low for this company, so the earnings trend underneath matters more than the multiple. ## Is the Freeport-McMoRan business getting better or worse? Freeport-McMoRan Inc.'s business is giving mixed signals. Growth has been steadily positive, but ROCE at 13.6% is below the 15% level needed to call it steady growth. This is based on 12 quarters of 4 measures. Why it matters: when the lines disagree, each line above matters more than any single label. ## How much does Freeport-McMoRan earn on its capital? Freeport-McMoRan Inc. earned a ROE of 14% in FY25. Its return on capital used (ROIC) is 3.0 percentage points above its cost of capital, so growth here adds value, not just size. It comes from a 16.0% net margin and 0.45× asset turnover (sales divided by assets). Why the return is what it is (FY25): a 16.0% net margin × 0.45× asset turnover × 1.89× leverage (assets divided by equity) ≈ 13.6% on equity. The margin does most of the work; borrowing is a big part of it. The key test, return on capital used minus the cost of capital: 13.8% − 10.8% = +3.0 percentage points. The 10.8% is an estimate of this company's own cost of capital. Read the sign and size of the gap, not the decimals. Positive but thin: it creates value with little room for error. The 13.8% ROIC above is the latest reading, as reported. The yearly chart below shows FY25 at 11.8%, and the quarterly chart works out each 12-month window from the quarterly figures, so the readings differ by date, not by method. ## Does Freeport-McMoRan have too much debt? Freeport-McMoRan Inc. has total debt of $10.4 B against shareholder equity of $32.2 B as of Jun 2026, so its debt is 0.32× its equity. Year by year, that ratio went from 0.42 in FY21 to 0.34 in FY25. Keep that borrowing in mind when reading the returns on this page. ## What is the Freeport-McMoRan shareholding pattern? 1.8% of Freeport-McMoRan Inc.'s tradable shares are in short positions, which are bets that the price will fall, so very few traders are betting against this stock. At normal trading volumes, closing those positions would take about 2.4 days. US companies do not publish a quarter-by-quarter list of owners, so this page uses short interest instead. It is a single reading at one point in time; we do not have its history. Why it is at this level: the figure does not say who holds the short positions or why, so we show the level without guessing the story. ## How far is Freeport-McMoRan from balance-sheet trouble? For Freeport-McMoRan Inc., the Z-score is 2.90. A Z-score above about 3 is safe and below about 1.8 signals danger, so this is in the grey area between the two. It estimates how far the balance sheet is from trouble; it is not a forecast of failure. Why it matters: a Z-score of 2.90 is in the grey area, neither clearly safe nor clearly in trouble. ## How does Freeport-McMoRan rank in its industry? 55.8 out of 100, rank 3 of 6 in Copper, with 81% of the evidence available. Freeport-McMoRan Inc. scores 55.8 out of 100 against the 6 companies it is compared with in Copper, ranking 3. Relative strength against the index is -4.3%, and revenue and profit growth are weak. The four parts add up to the total exactly: 11.9 + 15.1 + 14.1 + 14.7 = 55.8. This is the same number shown on the industry page; it is worked out once for the whole group and read here. What would change it: The score would fall if profit growth turns negative or margins stop improving while the share price lags its sector. ## Which companies is Freeport-McMoRan compared with? Freeport-McMoRan ranks 3 of 6 Copper companies on the 4-Factor Sector Score, with 55.8 out of 100. 1. [Southern Copper Corporation](https://www.sectoralpha.in/us/stocks/scco) SCCO · losing its lead · Most evidence points up · 85% evidence 78.9 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 30.4/35 · Revenue 38.7% · Profit 66.4% · Operating margin change 7.5 points · 95% evidence Capital efficiency 21.8/25 · ROCE 43.9% · Operating margin 59.9% · 76% evidence Valuation 14.7/20 · P/E 26.9× · PEG 0.46 · 65% evidence Relative strength 12.0/20 · Lead over its industry 5.8% · Lead over S&P 500 -5% · 1 year 36.1% · 100% evidence · 7 of 12 weeks ahead Exact sum: 30.4 + 21.8 + 14.7 + 12 = 78.9 · What this means: Earnings, capital efficiency and relative strength all agree. The open questions are about management, upcoming events and risks. 2. [Ero Copper Corp.](https://www.sectoralpha.in/us/stocks/ero) ERO · losing its lead · Most evidence points up · 81% evidence 76.9 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 28.4/35 · Revenue 94.4% · Profit 100% · Operating margin change 8.8 points · 83% evidence Capital efficiency 17.8/25 · ROCE 19.6% · Operating margin 37.6% · 76% evidence Valuation 15.9/20 · P/E 8.9× · PEG 0.17 · 65% evidence Relative strength 14.8/20 · Lead over its industry 9.2% · Lead over S&P 500 -1.9% · 1 year 42.5% · 100% evidence · 11 of 12 weeks ahead Exact sum: 28.4 + 17.8 + 15.9 + 14.8 = 76.9 · What this means: Earnings, capital efficiency and relative strength all agree. The open questions are about management, upcoming events and risks. 3. Freeport-McMoRan Inc. this page FCX · losing its lead · Evidence leans up · 81% evidence 55.8 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 11.9/35 · Revenue 0.2% · Profit 6.8% · Operating margin change 1.3 points · 83% evidence Capital efficiency 15.1/25 · ROCE 13.3% · Operating margin 33.4% · 76% evidence Valuation 14.1/20 · P/E 30.9× · PEG 0.57 · 65% evidence Relative strength 14.7/20 · Lead over its industry 6.5% · Lead over S&P 500 -4.3% · 1 year 57.3% · 100% evidence · 7 of 12 weeks ahead Exact sum: 11.9 + 15.1 + 14.1 + 14.7 = 55.8 · What this means: Relative strength against the index is -4.3%, and revenue and profit growth are weak. 4. [Trekor Metals Limited](https://www.sectoralpha.in/us/stocks/tgb) TGB · losing its lead · Evidence leans up · 64% evidence 53.2 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 22.6/35 · Revenue 70.3% · Profit n/a · Operating margin change 46.4 points · 62% evidence Capital efficiency 6.5/25 · ROCE 6.8% · Operating margin 22.5% · 76% evidence Valuation 8.5/20 · P/E 228.2× · PEG n/a · 15% evidence Relative strength 15.6/20 · Lead over its industry 11.1% · Lead over S&P 500 -0.5% · 1 year 71.8% · 100% evidence · 10 of 12 weeks ahead Exact sum: 22.6 + 6.5 + 8.5 + 15.6 = 53.2 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 5. [Hudbay Minerals Inc.](https://www.sectoralpha.in/us/stocks/hbm) HBM · losing its lead · Evidence leans down · 81% evidence 36.4 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 17.8/35 · Revenue 12.1% · Profit 100% · Operating margin change 4.1 points · 83% evidence Capital efficiency 10.1/25 · ROCE 9.9% · Operating margin 32.6% · 76% evidence Valuation 5.3/20 · P/E 15.4× · PEG 7.49 · 65% evidence Relative strength 3.2/20 · Lead over its industry -0.6% · Lead over S&P 500 -10.9% · 1 year 37.8% · 100% evidence · 5 of 12 weeks ahead Exact sum: 17.8 + 10.1 + 5.3 + 3.2 = 36.4 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 6. [Ivanhoe Electric Inc.](https://www.sectoralpha.in/us/stocks/ie) IE · quiet · Too little evidence to rank firmly · 60% evidence 31.0 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 13.2/35 · Revenue 0% · Profit n/a · Operating margin change -1910.8 points · 62% evidence Capital efficiency 4.9/25 · ROCE -22.8% · Operating margin n/a · 61% evidence Valuation 11.5/20 · P/E -55.3× · PEG n/a · 15% evidence Relative strength 1.4/20 · Lead over its industry -35.5% · Lead over S&P 500 -42% · 1 year -37.2% · 100% evidence · 3 of 12 weeks ahead Exact sum: 13.2 + 4.9 + 11.5 + 1.4 = 31 · What this means: Some evidence is missing, so the score is pulled toward the middle on purpose. Missing figures are not scored as bad. They lower the confidence and pull the final score toward the middle. Relative strength counts only when the company has a reading for this week; with no reading, that factor is left out and its 20 points are shared across the other three in proportion. PEG is not shown when the ratio cannot mean anything: the company must be making a profit, its price-to-earnings must be positive, and its three-year earnings growth must fall between 5% and 60%. Dividing a price multiple by a loss, or by growth measured off a tiny base, produces a number that looks precise and tells you nothing. Under relative strength, one mark per week shows the last 12 weeks: a mark is filled where the company led S&P 500 by 5% or more over the 13 weeks ending that week, which is the same test used everywhere on this site. Price stage places the company on the same six-step path the industry is placed on (basing, turning, breaking out, leader, fading, asleep), read from how many weeks running it has led S&P 500 and whether that lead is growing or shrinking. It describes where the share price stands, not the direction of earnings, and it is not a recommendation; it is left blank for a company whose weekly history is too short or too stale to read. The figures in this ranking come from the industry comparison: results through the Sep 2026 quarter, and the P/E at that quarter's end. The sections above use the latest weekly price, so a P/E or return there can differ a little from the one here. The stage words in this ranking (such as losing its lead or breaking out) describe the lead over the index, not the price phase in the price section. Related companies: [Copper](https://www.sectoralpha.in/us/sectors/copper), all 6 compared on one page. ## Which companies are close to Freeport-McMoRan in size? Freeport-McMoRan is the 2nd largest of 6 Copper companies on Sector Alpha by market value (scores of 4 November 2026). Just above it: Southern Copper Corporation. Just below it: Hudbay Minerals Inc., Ero Copper Corp., Trekor Metals and Ivanhoe Electric Inc. ### Copper companies close in size

1. [Southern Copper Corporation](https://www.sectoralpha.in/us/stocks/scco) $151 billion
2. Freeport-McMoRan Inc. $90 billion
3. [Hudbay Minerals Inc.](https://www.sectoralpha.in/us/stocks/hbm) $9.9 billion
4. [Ero Copper Corp.](https://www.sectoralpha.in/us/stocks/ero) $3.2 billion
5. [Trekor Metals Limited](https://www.sectoralpha.in/us/stocks/tgb) $2.8 billion
6. [Ivanhoe Electric Inc.](https://www.sectoralpha.in/us/stocks/ie) $1.2 billion

[All 6 Copper companies, largest first](https://www.sectoralpha.in/us/sectors/copper#all-companies)

### Companies close in size in other industries

1. [Cadence Design Systems, Inc.](https://www.sectoralpha.in/us/stocks/cdns) $90.4 billion · Software - Application
2. [American Tower Corporation](https://www.sectoralpha.in/us/stocks/amt) $90.4 billion · REIT - Specialty
3. Freeport-McMoRan Inc. $90 billion
4. [Trane Technologies plc](https://www.sectoralpha.in/us/stocks/tt) $89.9 billion · Building Products & Equipment
5. [Royal Caribbean Cruises Ltd.](https://www.sectoralpha.in/us/stocks/rcl) $89.1 billion · Travel Services

## What else do people ask about Freeport-McMoRan? ### What is Freeport-McMoRan's stock price today? Freeport-McMoRan Inc.'s stock price is $62.64, +57.3% over the past year. The whole company is worth $90.0 B on the market. In the last 52 weeks it traded between $40 to $77; today it is 62% of the way up from the low, 4.0% below its 200-day average (as of 4 November 2026). ### What were Freeport-McMoRan's latest quarterly results? Freeport-McMoRan Inc. reported revenue of $7.0 B and net profit of $1.4 B for the Jun 2026 quarter. Revenue fell 7.3% and profit fell 10.1% compared with a year earlier. Earnings per share were $0.68. The operating margin was 33.4%, 1.3 percentage points higher than a year earlier (as of 4 November 2026). ### What is Freeport-McMoRan's market cap? Freeport-McMoRan Inc.'s market capitalisation is $90.0 B at a stock price of $62.64. Market cap is the share price times the number of shares, so it changes whenever the price moves (as of 4 November 2026). ### How is Freeport-McMoRan performing? Freeport-McMoRan Inc.'s share price has been moving sideways for 2 weeks. In its latest quarter, revenue fell 7.3% and profit fell 10.1% compared with a year earlier. Over the past 13 weeks it has done worse than the S&P 500, for 2 weeks running (as of 4 November 2026). ### Will Freeport-McMoRan's stock price go up? This page does not forecast Freeport-McMoRan Inc.'s stock price. What it shows instead: the stock price is $62.64, and it has been moving sideways for 2 weeks. Nobody can reliably say which way a price will move, and this site does not try (as of 4 November 2026). ### Does Freeport-McMoRan have too much debt? Freeport-McMoRan Inc. has a moderate amount of debt: its debt is 0.31× its equity. A year-by-year history of its borrowings is not in our data, so this uses the latest reading. Keep that borrowing in mind when reading the returns on this page (as of 4 November 2026). ### Where is Freeport-McMoRan in its business cycle? Freeport-McMoRan Inc.'s FY25 operating margin was 25.1%, against a 5-year range of 25.1% to 36.7%: the low end of its own range, which is often where recoveries start. The latest quarter was 33.4%. Comparing margins with a company's own long history is a good way to see where it is in its cycle (as of 4 November 2026). ### What could break the Freeport-McMoRan story? The main question: the share price moved +57.3% in a year while yearly earnings per share moved +16.9%. The difference came from the market paying a higher multiple. On price, this page treats a rise as over when the share price closes below its 200-day average on two Fridays in a row (as of 4 November 2026). ### Is Freeport-McMoRan a stock worth studying right now? What the numbers show: Freeport-McMoRan Inc.'s share price, valuation and earnings point in different directions. The next one or two quarters should make it clearer. The main open question: whether earnings grow into a price that has already moved. Every number on this page is worked out by code from the published figures, with no forecasts and no price opinions (as of 4 November 2026). ## Lists

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