Freeport-McMoRan's transition from Grasberg's capital-intensive build to cash-generative harvest appears underway, with gross margin recovering 15.7 percentage points from 18.1% in 2025Q4 to 33.8% in 2026Q3 and EPS growing 72.3% year-over-year to $0.81, while SG&A held flat at $131M-$162M per quarter, indicating…
Price trend, volume and key moving averages
Start with the evidence for owning the stock and the risks that can break the thesis.
Gross margin expanded from 18.1% in 2025Q4 to 33.8% in 2026Q3 as revenue reached $7.5B on 8.2% year-over-year growth, though the pattern of alternating quarters (e.g., -7.3% in 2026Q2) and the persistent gap between 31.2% operating margin and 15.6% net margin suggests commodity pricing and non-controlling interest drag warrant caution.
The Grasberg deal is a key long-term bullish driver for Freeport-McMoRan, contributing to its growth prospects.
Increasing global demand for copper positions Freeport-McMoRan favorably as a leading producer in the market.
Freeport-McMoRan's exposure to gold provides additional revenue diversification and upside potential.
Trailing total returns as of 11/8/2026, which may include dividends or other distributions. Benchmark is S&P 500 (^GSPC).
Check whether operating performance supports the current valuation.
Recent results and news deserve attention only when they alter the forward view.
| Quarter | EPS (Act vs Est) | Revenue (Act vs Est) |
|---|---|---|
Q4 2026Latest Oct 27, 2026 | $0.88+8.0% vs $0.81 | $7.5B+2.5% vs $7.4B |
Q3 2026 Jul 22, 2026 | $0.68+13.3% vs $0.60 | $7.0B+6.2% vs $6.6B |
Q2 2026 Apr 23, 2026 | $0.57+22.2% vs $0.47 | $6.2B+8.8% vs $5.7B |
Q1 2026 Jan 22, 2026 | $0.47+64.8% vs $0.29 | $5.6B+6.4% vs $5.3B |
Investors interested in Mining - Non Ferrous stocks are likely familiar with Freeport-McMoRan (FCX) and Southern Copper (SCCO). But which of these two stocks is more attractive to value investors?
FCX's $4.5B Bagdad expansion aims to more than double mining and milling rates, boost copper and molybdenum output, and cut long-term unit costs by 20%.
Here is how Freeport-McMoRan (FCX) and L.B. Foster (FSTR) have performed compared to their sector so far this year.
A potential Democrat-led Congress could shift investor focus from AI stocks to cyclical sectors, putting ADM, FCX, UNH, CASY and CR in the spotlight.
Benchmark FCX against direct peers instead of judging its metrics in isolation.
Key metrics vs top competitors for Freeport-McMoRan Inc. (FCX)
| Company | Price | Market Cap | P/E Ratio | Rev Growth (1Y) | Net Margin | ROE | Div Yield |
|---|---|---|---|---|---|---|---|
| $59.42 | $85.42B | 24.87 | 1.12% | 13.03% | 10.76% | 1.01% | |
| $167.27 | $142.73B | 22.04 | 17.38% | 37.19% | 51.65% | 1.77% | |
| $60.46 | $29.2B | 11.03 | 18.56% | 25.19% | 13.61% | 0.58% | |
| $39.54 | $10.43B | 6.88 | 5.31% | 10.68% | 21.25% | 1% | |
| $20.91 | $9.29B | 12.46 | 9.39% | 27.12% | 17.33% | 0.07% | |
| $21.30 | $411.37M | 6.29 | 38.86% | 23.31% | 22.14% | 4.79% |
Freeport-McMoRan Inc. (FCX) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
Verify the primary filings, follow material updates, and answer the remaining questions.
Freeport-McMoRan Inc. (FCX) SEC filings — annual & quarterly reports (10-K, 10-Q)
Oct 27, 2026·SEC
Oct 2, 2026·SEC
Jul 23, 2026·SEC
Get notified when FCX posts new earnings or crosses analyst targets
Free. No account needed. Unsubscribe any time.
Freeport-McMoRan Inc. (FCX) stock FAQ — growth, dividends, profitability & financials explained
Freeport-McMoRan Inc. (FCX) reported $26.44B in revenue over the trailing twelve months. Revenue was $25.74B in fiscal year 2025. That is 1251% more than the $1.91B of fiscal year 1996.
Freeport-McMoRan Inc. (FCX) grew revenue by 1.7% over the trailing twelve months, compared with the twelve months before.
Yes. Freeport-McMoRan Inc. (FCX) earned $3.44B in net income over the trailing twelve months (a 13.0% net margin).
Yes. Freeport-McMoRan Inc. (FCX) pays a dividend that yields 1.01% at the current price, a moderate yield.
Freeport-McMoRan Inc. (FCX) had a return on equity (ROE) of 10.8% over the trailing twelve months. That is in line with the market's typical 10-15%.
Freeport-McMoRan Inc. (FCX) generated $6.13B in free cash flow over the trailing twelve months.
