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FCX vs LIN
Revenue, margins, valuation, and 5-year total return — side by side.
Chemicals - Specialty
FCX vs LIN — Key Financials
Market cap, revenue, margins, and valuation side-by-side.
| Company Snapshot | ||
|---|---|---|
| Industry | Copper | Chemicals - Specialty |
| Market Cap | $82.93B | $231.88B |
| Revenue (TTM) | $26.42B | $34.66B |
| Net Income (TTM) | $2.73B | $7.13B |
| Gross Margin | 27.8% | 46.0% |
| Operating Margin | 27.8% | 28.8% |
| Forward P/E | 21.3x | 28.0x |
| Total Debt | $11.50B | $26.99B |
| Cash & Equiv. | $3.35B | $5.06B |
FCX vs LIN — Long-Term Stock Performance
Price return indexed to 100 at period start. Dividends excluded.
| Stock | May 20 | May 26 | Return |
|---|---|---|---|
| Freeport-McMoRan In… (FCX) | 100 | 636.2 | +536.2% |
| Linde plc (LIN) | 100 | 247.3 | +147.3% |
Price return only. Dividends and distributions are not included.
Quick Verdict: FCX vs LIN
Each card shows where this stock fits in a portfolio — not just who wins on paper.
FCX is the clearest fit if your priority is growth exposure and long-term compounding.
- Rev growth 1.1%, EPS growth 16.9%, 3Y rev CAGR 3.3%
- 440.5% 10Y total return vs LIN's 379.1%
- Lower volatility, beta 1.79, Low D/E 37.4%, current ratio 2.29x
LIN carries the broadest edge in this set and is the clearest fit for income & stability and defensive.
- Dividend streak 6 yrs, beta 0.24, yield 1.2%
- Beta 0.24, yield 1.2%, current ratio 0.88x
- 3.0% revenue growth vs FCX's 1.1%
See the full category breakdown
| Category | Winner | Why |
|---|---|---|
| Growth | 3.0% revenue growth vs FCX's 1.1% | |
| Value | Lower P/E (21.3x vs 28.0x), PEG 0.71 vs 1.10 | |
| Quality / Margins | 20.6% margin vs FCX's 10.3% | |
| Stability / Safety | Beta 0.24 vs FCX's 1.79 | |
| Dividends | 1.2% yield, 6-year raise streak, vs FCX's 1.0% | |
| Momentum (1Y) | +56.1% vs LIN's +11.9% | |
| Efficiency (ROA) | 8.3% ROA vs FCX's 4.7%, ROIC 11.3% vs 12.8% |
FCX vs LIN — Revenue Breakdown by Segment
How each company's revenue is distributed across its business units
FCX vs LIN — Financial Metrics
Side-by-side numbers across 2 stocks — who leads on profitability, valuation, growth, and risk.
Income & Cash Flow (Last 12 Months)
Evenly matched — FCX and LIN each lead in 3 of 6 comparable metrics.
Income & Cash Flow (Last 12 Months)
LIN and FCX operate at a comparable scale, with $34.7B and $26.4B in trailing revenue. LIN is the more profitable business, keeping 20.6% of every revenue dollar as net income compared to FCX's 10.3%. On growth, FCX holds the edge at +12.2% YoY revenue growth, suggesting stronger near-term business momentum.
| Metric | ||
|---|---|---|
| RevenueTrailing 12 months | $26.4B | $34.7B |
| EBITDAEarnings before interest/tax | $9.6B | $12.1B |
| Net IncomeAfter-tax profit | $2.7B | $7.1B |
| Free Cash FlowCash after capex | $6.2B | $5.1B |
| Gross MarginGross profit ÷ Revenue | +27.8% | +46.0% |
| Operating MarginEBIT ÷ Revenue | +27.8% | +28.8% |
| Net MarginNet income ÷ Revenue | +10.3% | +20.6% |
| FCF MarginFCF ÷ Revenue | +23.6% | +14.7% |
| Rev. Growth (YoY)Latest quarter vs prior year | +12.2% | +8.2% |
| EPS Growth (YoY)Latest quarter vs prior year | +154.2% | +13.4% |
Valuation Metrics
FCX leads this category, winning 5 of 7 comparable metrics.
Valuation Metrics
At 34.3x trailing earnings, LIN trades at a 10% valuation discount to FCX's 38.0x P/E. Adjusting for growth (PEG ratio), FCX offers better value at 1.27x vs LIN's 1.35x — a lower PEG means you pay less per unit of expected earnings growth.
| Metric | ||
|---|---|---|
| Market CapShares × price | $82.9B | $231.9B |
| Enterprise ValueMkt cap + debt − cash | $91.1B | $253.8B |
| Trailing P/EPrice ÷ TTM EPS | 37.96x | 34.30x |
| Forward P/EPrice ÷ next-FY EPS est. | 21.33x | 28.03x |
| PEG RatioP/E ÷ EPS growth rate | 1.27x | 1.35x |
| EV / EBITDAEnterprise value multiple | 10.67x | 19.99x |
| Price / SalesMarket cap ÷ Revenue | 3.22x | 6.82x |
| Price / BookPrice ÷ Book value/share | 2.71x | 5.90x |
| Price / FCFMarket cap ÷ FCF | 74.31x | 45.56x |
Profitability & Efficiency
LIN leads this category, winning 5 of 9 comparable metrics.
Profitability & Efficiency
LIN delivers a 17.8% return on equity — every $100 of shareholder capital generates $18 in annual profit, vs $9 for FCX. FCX carries lower financial leverage with a 0.37x debt-to-equity ratio, signaling a more conservative balance sheet compared to LIN's 0.68x. On the Piotroski fundamental quality scale (0–9), LIN scores 6/9 vs FCX's 5/9, reflecting solid financial health.
| Metric | ||
|---|---|---|
| ROE (TTM)Return on equity | +8.9% | +17.8% |
| ROA (TTM)Return on assets | +4.7% | +8.3% |
| ROICReturn on invested capital | +12.8% | +11.3% |
| ROCEReturn on capital employed | +12.4% | +13.0% |
| Piotroski ScoreFundamental quality 0–9 | 5 | 6 |
| Debt / EquityFinancial leverage | 0.37x | 0.68x |
| Net DebtTotal debt minus cash | $8.1B | $21.9B |
| Cash & Equiv.Liquid assets | $3.4B | $5.1B |
| Total DebtShort + long-term debt | $11.5B | $27.0B |
| Interest CoverageEBIT ÷ Interest expense | 17.68x | 34.52x |
Total Returns (Dividends Reinvested)
FCX leads this category, winning 4 of 6 comparable metrics.
Total Returns (Dividends Reinvested)
A $10,000 investment in LIN five years ago would be worth $18,055 today (with dividends reinvested), compared to $14,576 for FCX. Over the past 12 months, FCX leads with a +56.1% total return vs LIN's +11.9%. The 3-year compound annual growth rate (CAGR) favors FCX at 17.7% vs LIN's 12.2% — a key indicator of consistent wealth creation.
| Metric | ||
|---|---|---|
| YTD ReturnYear-to-date | +11.7% | +17.0% |
| 1-Year ReturnPast 12 months | +56.1% | +11.9% |
| 3-Year ReturnCumulative with dividends | +63.1% | +41.2% |
| 5-Year ReturnCumulative with dividends | +45.8% | +80.6% |
| 10-Year ReturnCumulative with dividends | +440.5% | +379.1% |
| CAGR (3Y)Annualised 3-year return | +17.7% | +12.2% |
Risk & Volatility
LIN leads this category, winning 2 of 2 comparable metrics.
Risk & Volatility
LIN is the less volatile stock with a 0.24 beta — it tends to amplify market swings less than FCX's 1.79 beta. A beta below 1.0 means the stock typically moves less than the S&P 500. LIN currently trades 96.0% from its 52-week high vs FCX's 81.3% drawdown — a narrower gap to the peak suggests stronger recent price momentum.
| Metric | ||
|---|---|---|
| Beta (5Y)Sensitivity to S&P 500 | 1.79x | 0.24x |
| 52-Week HighHighest price in past year | $70.97 | $521.28 |
| 52-Week LowLowest price in past year | $35.15 | $387.78 |
| % of 52W HighCurrent price vs 52-week peak | +81.3% | +96.0% |
| RSI (14)Momentum oscillator 0–100 | 35.7 | 45.6 |
| Avg Volume (50D)Average daily shares traded | 15.5M | 2.3M |
Analyst Outlook
LIN leads this category, winning 2 of 2 comparable metrics.
Analyst Outlook
Wall Street rates FCX as "Buy" and LIN as "Buy". Consensus price targets imply 16.1% upside for FCX (target: $67) vs 7.9% for LIN (target: $540). For income investors, LIN offers the higher dividend yield at 1.20% vs FCX's 1.04%.
| Metric | ||
|---|---|---|
| Analyst RatingConsensus buy/hold/sell | Buy | Buy |
| Price TargetConsensus 12-month target | $67.00 | $539.71 |
| # AnalystsCovering analysts | 41 | 28 |
| Dividend YieldAnnual dividend ÷ price | +1.0% | +1.2% |
| Dividend StreakConsecutive years of raises | 5 | 6 |
| Dividend / ShareAnnual DPS | $0.60 | $6.00 |
| Buyback YieldShare repurchases ÷ mkt cap | +0.1% | +2.0% |
LIN leads in 3 of 6 categories (Profitability & Efficiency, Risk & Volatility). FCX leads in 2 (Valuation Metrics, Total Returns). 1 tied.
FCX vs LIN: Frequently Asked Questions
10 questions · data-driven answers · updated daily
01Is FCX or LIN a better buy right now?
For growth investors, Linde plc (LIN) is the stronger pick with 3.
0% revenue growth year-over-year, versus 1. 1% for Freeport-McMoRan Inc. (FCX). Linde plc (LIN) offers the better valuation at 34. 3x trailing P/E (28. 0x forward), making it the more compelling value choice. Analysts rate Freeport-McMoRan Inc. (FCX) a "Buy" — based on 41 analyst ratings — the highest consensus in this comparison. The "better buy" depends entirely on your goals: growth investors should weight revenue trajectory, value investors should weight P/E and PEG, and income investors should weight dividend yield and streak.
02Which has the better valuation — FCX or LIN?
On trailing P/E, Linde plc (LIN) is the cheapest at 34.
3x versus Freeport-McMoRan Inc. at 38. 0x. On forward P/E, Freeport-McMoRan Inc. is actually cheaper at 21. 3x — notably different from the trailing picture, reflecting expected earnings growth. The PEG ratio (P/E divided by earnings growth rate) is the most growth-adjusted single valuation metric: Freeport-McMoRan Inc. wins at 0. 71x versus Linde plc's 1. 10x — a PEG below 1. 0 traditionally signals the market is underpricing earnings growth.
03Which is the better long-term investment — FCX or LIN?
Over the past 5 years, Linde plc (LIN) delivered a total return of +80.
6%, compared to +45. 8% for Freeport-McMoRan Inc. (FCX). Over 10 years, the gap is even starker: FCX returned +440. 5% versus LIN's +379. 1%. Past returns do not guarantee future results, and the stock with the higher historical return may already have its best growth priced in.
04Which is safer — FCX or LIN?
By beta (market sensitivity over 5 years), Linde plc (LIN) is the lower-risk stock at 0.
24β versus Freeport-McMoRan Inc. 's 1. 79β — meaning FCX is approximately 643% more volatile than LIN relative to the S&P 500. On balance sheet safety, Freeport-McMoRan Inc. (FCX) carries a lower debt/equity ratio of 37% versus 68% for Linde plc — giving it more financial flexibility in a downturn.
05Which is growing faster — FCX or LIN?
By revenue growth (latest reported year), Linde plc (LIN) is pulling ahead at 3.
0% versus 1. 1% for Freeport-McMoRan Inc. (FCX). On earnings-per-share growth, the picture is similar: Freeport-McMoRan Inc. grew EPS 16. 9% year-over-year, compared to 7. 1% for Linde plc. Over a 3-year CAGR, FCX leads at 3. 3% annualised revenue growth. Higher growth typically commands a higher valuation multiple — check whether the premium P/E or P/S is justified by the growth rate using the PEG ratio.
06Which has better profit margins — FCX or LIN?
Linde plc (LIN) is the more profitable company, earning 20.
3% net margin versus 8. 6% for Freeport-McMoRan Inc. — meaning it keeps 20. 3% of every revenue dollar as bottom-line profit. Operating margin tells a similar story: LIN leads at 26. 3% versus 24. 4% for FCX. At the gross margin level — before operating expenses — LIN leads at 43. 3%, reflecting greater pricing power or product mix advantage. Stronger margins indicate durable pricing power, lower cost of revenue, or higher mix of software/services. They are one of the clearest signs of business quality.
07Is FCX or LIN more undervalued right now?
The PEG ratio (forward P/E divided by expected earnings growth rate) is the most precise measure of undervaluation relative to growth potential.
By this metric, Freeport-McMoRan Inc. (FCX) is the more undervalued stock at a PEG of 0. 71x versus Linde plc's 1. 10x. A PEG below 1. 0 is traditionally considered the threshold for growth-adjusted undervaluation. On forward earnings alone, Freeport-McMoRan Inc. (FCX) trades at 21. 3x forward P/E versus 28. 0x for Linde plc — 6. 7x cheaper on a one-year earnings basis. Analyst consensus price targets imply the most upside for FCX: 16. 1% to $67. 00.
08Which pays a better dividend — FCX or LIN?
All stocks in this comparison pay dividends.
Linde plc (LIN) offers the highest yield at 1. 2%, versus 1. 0% for Freeport-McMoRan Inc. (FCX).
09Is FCX or LIN better for a retirement portfolio?
For long-horizon retirement investors, Linde plc (LIN) is the stronger choice — it scores higher on the combination of lower volatility, dividend reliability, and long-term compounding (low volatility (β 0.
24), 1. 2% yield, +379. 1% 10Y return). Freeport-McMoRan Inc. (FCX) carries a higher beta of 1. 79 — meaning larger drawdowns in market downturns, which matters significantly when you cannot wait years for a recovery. Both have compounded well over 10 years (LIN: +379. 1%, FCX: +440. 5%), confirming both are viable long-term holds — but the lower-volatility option typically results in less emotional selling during corrections. Retirement portfolios generally favour predictability over maximum returns. Consult a financial advisor before making allocation decisions.
10What are the main differences between FCX and LIN?
Both stocks operate in the Basic Materials sector, making this a peer-level intra-sector comparison — the same macro tailwinds and headwinds will affect both.
These fundamental differences mean investors should not choose between them on a single metric — the "better stock" depends entirely on which of these characteristics aligns with your investment strategy.
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