Stocks · Basic Materials · Copper
Freeport-McMoRan Inc. FCX
$72.04 +3.98% Close, Oct 2, 2026 · NYSE · Market cap $103.56B
High qualityStrong trend
Next earnings report: Oct 22, 2026
Scroll or pinch to zoom, drag to move. Daily prices adjusted for splits. Markers: E = earnings (green beat, red miss), S = split, D = dividend.
Three things to know
- Diluted EPS over the last four quarters was $2.04, up 54.5% year over year.
- The shares trade at 35.3× trailing earnings, higher than 90% of the company's own readings over the past five years.
- Over the past year the stock returned +84.3%, ahead of the S&P 500 by 69.2 percentage points.
PromtFinance scores
Each score is a percentile within the Basic Materials sector (0–100). Under each score: how the stock ranks in its sector on every component. As of Oct 5, 2026.
Growth54Neutral
How fast revenue, earnings and cash flow are growing.
- Revenue growth (TTM, YoY)Bottom 30%
- EPS growth (TTM, YoY)Top 24%
- FCF growth (TTM, YoY)Top 23%
- Revenue growth, 3-year CAGRTop 30%
- Revenue growth accelerationBottom 11%
Quality85Strong
Returns on capital, margins, earnings quality and balance-sheet strength.
- Return on invested capitalTop 34%
- Gross marginTop 49%
- Operating marginTop 12%
- Cash conversion (OCF / net income)Top 33%
- Accruals (lower is better)Bottom 46%
- Net debt / EBITDA (lower is better)Top 31%
- Interest coverTop 21%
Value39Weak
How cheap the shares are relative to earnings, cash flow and their own history.
- Earnings yieldTop 49%
- Free-cash-flow yieldTop 34%
- EBITDA / enterprise valueTop 39%
- Sales / enterprise valueBottom 23%
- P/E vs own 5-year history (lower is better)Bottom 16%
Momentum98Exceptional
Strength and persistence of the price trend, including versus the S&P 500.
- 12-month return excluding last monthTop 7%
- 6-month returnTop 21%
- 1-year return vs S&P 500Top 6%
- Distance from 52-week highTop 9%
- Trend checklist (0–4)Top 4%
Revisions79Positive
Earnings surprises and analyst sentiment (estimate-revision history is being collected).
- Average EPS surprise, last 4 quartersTop 18%
- Consecutive EPS beatsTop 8%
- Share of analysts rating BuyTop 40%
- Upside to consensus price targetBottom 9%
Stability48Neutral
Low volatility, shallow drawdowns, low market sensitivity and modest leverage.
- Volatility, 60 days (lower is better)Bottom 44%
- Maximum drawdown, 3 yearsTop 40%
- Beta vs S&P 500 (lower is better)Bottom 14%
- Net debt / EBITDA (lower is better)Top 31%
What changed
Latest four quarters versus the same period a year earlier (growth: versus one quarter earlier).
| Measure | Before | Now | |
|---|---|---|---|
| Revenue growth (YoY) | 7.9% | 0.7% | ↓ |
| EPS growth (YoY) | 56.2% | 54.5% | ↓ |
| Gross margin | 28.5% | 26.8% | ↓ |
| Operating margin | 26.2% | 26.7% | ↑ |
| FCF margin | 16.0% | 22.9% | ↑ |
Fundamental momentum
| Measure | Now (TTM) | Year / quarter before | Sector rank | |
|---|---|---|---|---|
| Revenue growth (TTM, YoY) | 0.7% | 7.9% | ↓ | Bottom 30% |
| EPS growth (TTM, YoY) | 54.5% | 56.2% | ↓ | Top 24% |
| Gross margin | 26.8% | 28.5% | ↓ | Top 49% |
| Operating margin | 26.7% | 26.2% | ↑ | Top 12% |
| Net margin | 11.4% | 7.4% | ↑ | — |
| Free-cash-flow margin | 22.9% | 16.0% | ↑ | — |
| Return on invested capital | 8.8% | — | Top 34% | |
| Revenue growth, 3-year CAGR | 3.3% | — | Top 30% |
Quality of earnings and balance sheet
- Cash conversion (OCF / net income)Above 1× means profits are backed by cash.
- 2.01×
- Accruals (net income − OCF) / assetsLower is better; high accruals can signal weaker earnings quality.
- -5.0%
- Stock-based compensation / revenueA cost to shareholders through dilution.
- 0.6%
- Receivables growth vs revenue growthReceivables growing much faster than sales can be a warning.
- -50.1 pp
- Net debt / EBITDABelow 1× is conservative; above 3× is high leverage.
- 0.70×
- Interest cover (operating income / interest)How many times operating profit covers interest.
- 16.2×
Shareholder returns
- Dividend yield (dividends paid, TTM)
- 0.00%
- Net buyback yield (TTM)
- 0.09%
- Shareholder yield
- 0.09%
- Share count change, 1 year
- -0.1%
- Share count change, 3-year CAGR
- +0.0%
Shareholder yield = dividends + net buybacks over the last four quarters, divided by market cap.
Based on the four quarters through Jun 30, 2026 (filed Aug 6, 2026).
Earnings and expectations
Earnings momentum
- Consecutive EPS beats
- 6
- Beats in the last 8 reports
- 7 of 8
- Average EPS surprise, last 4
- +29.8%
- Average 2-day reaction, last 8
- -0.7%
- Positive 20 days after report
- 4 of 8
Analysts
- Consensus price target
- $71.36
- Target vs current price
- -0.9%
- Analysts with a rating
- 41
- Share rating Buy or Strong Buy
- 61%
- Consensus rating
- Buy
How the stock reacted to recent reports
| Report date | EPS surprise | 2 days | 5 days | 20 days | 60 days |
|---|---|---|---|---|---|
| Jul 22, 2026 | +13.3% | +3.9% | -1.5% | +6.0% | — |
| Apr 23, 2026 | +22.2% | -12.6% | -19.1% | -13.5% | -16.4% |
| Jan 22, 2026 | +64.8% | -2.9% | +5.0% | +3.3% | +15.9% |
| Oct 23, 2025 | +18.7% | +1.1% | +3.5% | +1.2% | +47.3% |
| Jul 23, 2025 | +20.1% | -2.1% | -5.6% | -9.5% | -8.9% |
| Apr 24, 2025 | +1.0% | +6.9% | +2.4% | +8.0% | +28.4% |
| Jan 23, 2025 | -13.9% | -1.5% | -7.2% | -0.3% | -15.8% |
| Oct 22, 2024 | +6.4% | +1.2% | -2.5% | -9.2% | -16.1% |
Returns from the close before each report. Past reactions do not determine future ones.
Earnings history
| Report date | EPS | Estimate | Surprise | Revenue |
|---|---|---|---|---|
| Jul 22, 2026 | $0.68 | $0.60 | +13.3% | $7.03B |
| Apr 23, 2026 | $0.57 | $0.47 | +22.2% | $6.23B |
| Jan 22, 2026 | $0.47 | $0.29 | +64.8% | $5.63B |
| Oct 23, 2025 | $0.50 | $0.42 | +18.7% | $6.97B |
| Jul 23, 2025 | $0.54 | $0.45 | +20.1% | $7.58B |
| Apr 24, 2025 | $0.24 | $0.24 | +1.0% | $5.73B |
| Jan 23, 2025 | $0.31 | $0.36 | -13.9% | $5.72B |
| Oct 22, 2024 | $0.38 | $0.36 | +6.4% | $6.79B |
Valuation in context
| Multiple | Now | 5-year median | 5-year percentile | Sector rank (cheapness) |
|---|---|---|---|---|
| P/E (trailing) | 35.3× | 29.7× | 90th | Top 49% |
| P/E (forward) | 24.2× | — | — | — |
| EV / EBITDA | 12.2× | — | — | Top 39% |
| EV / Sales | 4.25× | — | — | Bottom 23% |
| Free-cash-flow yield | 5.72% | — | — | Top 34% |
| Earnings yield | 2.83% | — | — | Top 49% |
P/E over the past five years
Range 9.2× – 44.1× since Jun 30, 2021. Each point: price on the filing date divided by trailing-twelve-month EPS known then.
What moved the stock over the past year
- Price return, 1 year
- +84.3%
- Earnings per share growth (TTM)
- +54.5%
- Change in P/E multiple
- +5.4%
Most of the move came from earnings growth.
Technical state
Trend checklist
- ✓ Price above 20-day average
- ✓ Price above 50-day average
- ✓ Price above 200-day average
- ✓ 50-day average above 200-day
- ✗ MACD histogram positive
Trend quality
- Days above the 50-day average
- 1
- Days above the 200-day average
- 215
- 50-day average slope (20 days)
- +6.5%
- 200-day average slope (20 days)
- +4.7%
- Distance from 50-day average
- +2.1%
- Distance from 200-day average
- +13.2%
- RSI (14)
- 51.7
- Relative volume
- 1.05×
Risk and drawdowns
- Volatility, 60 days (annualized)
- 45.0%
- Volatility vs own 5-year history
- 58th percentile · Normal for this stock
- Beta vs S&P 500 (2 years, weekly)
- 1.64
- Correlation with S&P 500
- 0.54
- Current drawdown from 1-year high
- -9.8%
- Maximum drawdown, 3 years
- -46.9%
Largest declines in the past six years
| From peak | To low | Decline | Length | Recovery |
|---|---|---|---|---|
| Mar 25, 2022 | Jul 14, 2022 | -51.7% | 75 days | 450 days (Apr 29, 2024) |
| May 20, 2024 | Apr 4, 2025 | -46.9% | 219 days | 189 days (Jan 6, 2026) |
| May 11, 2021 | Sep 21, 2021 | -32.0% | 92 days | 79 days (Jan 12, 2022) |
| Feb 25, 2026 | Mar 20, 2026 | -24.3% | 17 days | 19 days (Apr 17, 2026) |
| Apr 22, 2026 | May 4, 2026 | -21.0% | 8 days | 20 days (Jun 2, 2026) |
Declines of 10% or more from a closing high, measured on daily closes.
Financial statements
- Market cap
- $103.56B
- P/E (TTM)
- 35.3
- EPS, diluted (TTM)
- $2.04
- Revenue (TTM)
- $25.87B
- Dividend yield
- 1.04%
- 52-week range
- $38.19 – $80.24
| FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|
| Revenue | $22.36B | $23.33B | $22.71B | $25.45B | $25.74B |
| Gross profit | $8.29B | $8.09B | $6.88B | $7.50B | $6.95B |
| Operating income | $7.81B | $7.55B | $6.08B | $6.86B | $6.29B |
| Net income | $4.30B | $3.46B | $1.84B | $1.88B | $2.20B |
| EPS (diluted) | $2.90 | $2.39 | $1.28 | $1.30 | $1.52 |
| Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | Q1 2026 | Q2 2026 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $6.68B | $5.88B | $5.55B | $7.58B | $6.97B | $5.63B | $6.23B | $7.03B |
| Net income | $520.0M | $274.0M | $346.0M | $772.0M | $674.0M | $406.0M | $881.0M | $984.0M |
| EPS (diluted) | $0.36 | $0.19 | $0.24 | $0.53 | $0.47 | $0.28 | $0.61 | $0.68 |
| FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|
| Operating cash flow | $7.71B | $5.14B | $5.28B | $7.16B | $5.61B |
| Capital expenditure | -$2.12B | -$3.47B | -$4.82B | -$4.81B | -$4.49B |
| Free cash flow | $5.60B | $1.67B | $455.0M | $2.35B | $1.12B |
| Dividends paid | -$331.0M | -$866.0M | -$863.0M | -$865.0M | -$865.0M |
| Net share buybacks | -$278.0M | -$1.22B | $47.0M | -$30.0M | -$95.0M |
Cash outflows are shown as negative numbers.
- Cash and short-term investments
- $4.08B
- Total assets
- $59.73B
- Total liabilities
- $27.50B
- Total debt
- $10.36B
- Net debt
- $6.28B
- Shareholders’ equity
- $20.11B
As of Jun 30, 2026 (filed Aug 6, 2026).
Dividends
| Ex-date | Amount | Paid |
|---|---|---|
| Oct 15, 2026 | $0.15 | Nov 2, 2026 |
| Jul 15, 2026 | $0.15 | Aug 3, 2026 |
| Apr 15, 2026 | $0.15 | May 1, 2026 |
| Jan 15, 2026 | $0.15 | Feb 2, 2026 |
| Oct 15, 2025 | $0.15 | Nov 3, 2025 |
| Jul 15, 2025 | $0.15 | Aug 1, 2025 |
| Apr 15, 2025 | $0.15 | May 1, 2025 |
| Jan 15, 2025 | $0.15 | Feb 3, 2025 |
Short interest
- Shares sold short
- 34,304,914
- Days to cover
- 2.81
- Change vs previous report
- +11.8%
FINRA short interest, settlement date Sep 15, 2026.
Stock splits
- Feb 2, 2011
- 2-for-1