Last 47 quarters of trend data · Basic Materials · Copper
Quarterly valuation ratios — annualised for comparability. YoY Δ shows same-quarter-prior-year change.
| Metric | TTM | Q2 '26 | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 | Q4 '22 | Q3 '22 | Q2 '22 | Q1 '22 | Q4 '21 | Q3 '21 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| P/E Ratio → | 47.39 | 23.12 | 24.09 | 45.35 | 20.86 | 20.45 | 39.44 | 50.11 | 34.67 | 28.93 | 36.73 | 39.71 | 29.96 | 42.66 | 22.43 | 19.66 | 24.64 | 12.69 | 12.00 | 13.98 | 8.65 |
| — | +13.1% | -38.9% | -9.5% | -39.8% | -29.3% | +7.4% | +26.2% | +15.7% | -32.2% | +63.8% | +102.0% | +21.6% | +236.2% | +86.9% | +40.6% | +184.8% | -0.5% | -29.5% | +3.6% | -50.6% | |
| P/S Ratio | 4.02 | 3.23 | 3.40 | 3.25 | 2.03 | 2.06 | 2.46 | 2.34 | 2.70 | 2.76 | 2.73 | 2.65 | 2.29 | 2.43 | 2.89 | 2.51 | 1.83 | 1.72 | 2.87 | 2.61 | 1.95 |
| — | +56.4% | +38.3% | +39.0% | -24.8% | -25.1% | -10.0% | -11.7% | +17.7% | +13.4% | -5.4% | +5.5% | +25.0% | +41.0% | +0.7% | -3.6% | -5.9% | -30.0% | +9.6% | +15.2% | +27.2% | |
| P/B Ratio | 3.38 | 2.82 | 2.69 | 2.38 | 1.86 | 2.09 | 1.87 | 1.91 | 2.50 | 2.45 | 2.42 | 2.25 | 2.02 | 2.22 | 2.30 | 2.20 | 1.63 | 1.77 | 3.04 | 2.69 | 2.14 |
| — | +35.0% | +43.9% | +24.6% | -25.4% | -14.8% | -22.5% | -15.1% | +23.8% | +10.5% | +5.0% | +2.3% | +24.0% | +25.0% | -24.3% | -18.1% | -24.1% | -32.6% | +22.3% | +31.2% | +63.9% | |
| P/FCF | 92.80 | 7.46 | 40.65 | 10.48 | 23.27 | 4.65 | — | 69.83 | 26.78 | 20.90 | 26.44 | — | 231.94 | 28.27 | — | 621.82 | — | 14.06 | 18.87 | 10.25 | 8.48 |
| — | +60.6% | — | -85.0% | -13.1% | -77.8% | — | — | -88.5% | -26.1% | — | — | — | +101.1% | — | +5969.0% | — | +100.5% | +9.4% | +0.7% | +18.8% | |
| EV / EBITDA | 13.09 | 9.60 | 8.61 | 15.71 | 6.01 | 5.47 | 9.56 | 8.03 | 7.74 | 7.91 | 8.37 | 7.54 | 6.94 | 7.03 | 8.98 | 8.33 | 5.69 | 3.71 | 5.99 | 6.04 | 4.14 |
| — | +75.6% | -10.0% | +95.6% | -22.3% | -30.9% | +14.2% | +6.6% | +11.5% | +12.5% | -6.8% | -9.5% | +22.0% | +89.7% | +49.8% | +37.9% | +37.4% | -38.9% | -21.3% | -24.1% | -35.2% | |
| EV / EBIT | 17.76 | 11.98 | 10.62 | 31.04 | 7.67 | 6.86 | 10.93 | 11.61 | 9.31 | 8.67 | 10.09 | 9.12 | 9.16 | 10.51 | 9.15 | 8.60 | 10.29 | 6.30 | 6.54 | 7.41 | 5.03 |
| — | +74.7% | -2.9% | +167.3% | -17.6% | -20.9% | +8.3% | +27.3% | +1.6% | -17.5% | +10.3% | +6.1% | -10.9% | +66.8% | +39.8% | +16.0% | +104.5% | -10.6% | -25.2% | +13.5% | -44.3% |
Quarterly margins and returns. Watch for margin compression across consecutive quarters.
| Metric | TTM | Q2 '26 | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 | Q4 '22 | Q3 '22 | Q2 '22 | Q1 '22 | Q4 '21 | Q3 '21 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 27.0% | 31.1% | 26.5% | 18.1% | 29.9% | 34.1% | 22.6% | 25.5% | 29.7% | 30.8% | 28.1% | 31.4% | 29.9% | 30.2% | 29.7% | 25.5% | 26.4% | 42.2% | 43.1% | 37.0% | 42.4% |
| — | -8.8% | +17.5% | -29.1% | +0.8% | +10.7% | -19.5% | -18.8% | -0.6% | +2.0% | -5.4% | +23.1% | +13.0% | -28.3% | -31.2% | -31.1% | -37.6% | +15.2% | +37.6% | +34.7% | +77.2% | |
| Operating Margin | 24.4% | 28.5% | 34.3% | 14.4% | 28.1% | 32.1% | 19.6% | 23.1% | 27.6% | 28.4% | 24.7% | 27.9% | 26.2% | 27.0% | 25.9% | 22.2% | 24.5% | 40.1% | 41.0% | 34.7% | 40.5% |
| — | -11.2% | +74.5% | -37.6% | +1.5% | +12.8% | -20.4% | -17.3% | +5.6% | +5.2% | -4.7% | +25.5% | +6.9% | -32.5% | -36.9% | -36.0% | -39.5% | +16.3% | +41.2% | +52.5% | +89.2% | |
| Net Margin | 8.6% | 14.0% | 14.1% | 7.2% | 9.7% | 10.2% | 6.2% | 4.7% | 7.8% | 9.6% | 7.5% | 6.7% | 7.7% | 5.7% | 12.9% | 12.8% | 7.4% | 13.5% | 23.9% | 18.6% | 22.5% |
| — | +37.5% | +126.9% | +54.7% | +24.2% | +6.3% | -17.3% | -30.2% | +1.7% | +68.1% | -41.5% | -47.8% | +2.8% | -57.9% | -46.1% | -31.4% | -67.0% | -30.0% | +55.6% | +11.1% | +157.7% |
| Metric | TTM | Q2 '26 | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 | Q4 '22 | Q3 '22 | Q2 '22 | Q1 '22 | Q4 '21 | Q3 '21 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 7.4% | 3.1% | 2.8% | 1.3% | 2.2% | 2.6% | 1.2% | 1.0% | 1.8% | 2.1% | 1.7% | 1.4% | 1.7% | 1.3% | 2.6% | 2.8% | 1.7% | 3.5% | 6.5% | 4.9% | 6.4% |
| — | +18.4% | +137.1% | +39.6% | +23.5% | +21.4% | -29.4% | -33.7% | +6.1% | +64.2% | -35.2% | -49.5% | +3.0% | -62.4% | -59.7% | -41.5% | -74.2% | -34.7% | +73.2% | +23.8% | +240.9% | |
| ROA | 3.9% | 1.7% | 1.5% | 0.7% | 1.2% | 1.4% | 0.6% | 0.5% | 0.9% | 1.1% | 0.9% | 0.7% | 0.9% | 0.7% | 1.3% | 1.4% | 0.8% | 1.7% | 3.1% | 2.3% | 3.0% |
| — | +21.0% | +141.3% | +42.0% | +25.9% | +22.4% | -28.8% | -33.1% | +7.9% | +68.9% | -32.0% | -46.1% | +9.8% | -60.7% | -58.9% | -40.8% | -73.6% | -30.2% | +88.8% | +36.8% | +276.8% | |
| ROIC | 12.8% | 3.9% | 4.2% | 1.6% | 4.1% | 5.3% | 2.4% | 3.0% | 4.3% | 4.3% | 3.6% | 3.9% | 3.9% | 4.2% | 3.5% | 3.4% | 3.8% | 7.3% | 7.8% | 6.3% | 7.7% |
| — | -25.3% | +75.1% | -46.3% | -4.0% | +22.6% | -33.8% | -21.7% | +10.4% | +2.2% | +1.9% | +15.0% | +2.7% | -42.4% | -54.9% | -46.4% | -50.8% | +24.0% | +92.3% | +117.8% | +226.2% |
Quarterly solvency trend — watch for debt spikes or covenant pressure.
| Metric | TTM | Q2 '26 | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 | Q4 '22 | Q3 '22 | Q2 '22 | Q1 '22 | Q4 '21 | Q3 '21 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 0.37 | 0.32 | 0.33 | 0.37 | 0.31 | 0.31 | 0.32 | 0.34 | 0.34 | 0.33 | 0.34 | 0.36 | 0.35 | 0.36 | 0.38 | 0.44 | 0.44 | 0.46 | 0.40 | 0.42 | 0.43 |
| — | +4.2% | +2.5% | +10.5% | -8.8% | -6.1% | -4.0% | -6.2% | -4.9% | -9.9% | -10.7% | -18.1% | -20.3% | -20.9% | -6.1% | +3.8% | +3.1% | -0.4% | -20.1% | -20.3% | -25.3% | |
| Debt / EBITDA | 1.35 | 4.10 | 3.92 | 8.88 | 3.60 | 2.98 | 6.04 | 5.14 | 3.96 | 4.06 | 4.43 | 4.46 | 4.54 | 4.41 | 5.60 | 6.35 | 5.87 | 3.72 | 3.10 | 3.72 | 3.18 |
| — | +37.4% | -35.0% | +72.6% | -8.9% | -26.5% | +36.3% | +15.2% | -12.9% | -8.0% | -20.9% | -29.7% | -22.6% | +18.8% | +80.4% | +70.8% | +84.3% | -7.7% | -44.0% | -47.8% | -62.2% | |
| Current Ratio | 2.29 | 2.07 | 2.39 | 2.29 | 2.45 | 2.47 | 2.32 | 2.42 | 2.33 | 2.40 | 2.35 | 2.42 | 2.90 | 2.94 | 2.79 | 2.46 | 2.56 | 2.73 | 2.37 | 2.52 | 2.50 |
| — | -16.2% | +2.7% | -5.3% | +5.4% | +2.8% | -1.3% | +0.0% | -19.6% | -18.3% | -15.7% | -1.7% | +13.0% | +7.6% | +17.8% | -2.2% | +2.6% | +19.7% | +0.7% | -7.6% | -4.2% | |
| Quick Ratio | 1.05 | 0.92 | 1.13 | 1.05 | 1.19 | 1.21 | 1.13 | 1.18 | 1.30 | 1.34 | 1.41 | 1.38 | 1.67 | 1.72 | 1.71 | 1.64 | 1.76 | 1.94 | 1.68 | 1.75 | 1.75 |
| — | -23.9% | -0.2% | -11.4% | -8.4% | -10.1% | -19.5% | -14.2% | -22.5% | -22.0% | -17.6% | -16.3% | -4.9% | -11.2% | +1.5% | -6.2% | +0.5% | +28.0% | +15.5% | +10.8% | +29.7% | |
| Interest Coverage | 17.65 | 21.32 | 18.84 | 5.96 | 18.91 | 30.16 | 19.44 | 18.71 | 28.26 | 24.07 | 19.81 | 18.81 | 16.33 | 8.42 | 11.19 | 12.21 | 7.19 | 11.25 | 22.36 | 12.54 | 18.10 |
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Includes 30+ ratios · 47 years · Updated daily
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Quick answers to the most common questions about buying FCX stock.
Freeport-McMoRan Inc.'s current P/E is 47.4x. The average P/E over the last 4 quarters is 28.4x. Quarterly P/E ratios can vary due to seasonal revenue patterns and one-time charges.
Freeport-McMoRan Inc.'s current operating margin is 24.4%. Margins have been expanding over recent quarters. Quarterly margins are particularly useful for identifying trend inflections that annual data smooths over.
Quarterly financial ratios reveal short-term trend shifts — margin compression, debt spikes, or valuation re-ratings — that annual figures smooth over. They're essential for active investors tracking Freeport-McMoRan Inc.'s business trajectory between earnings reports.