Last 48 quarters of trend data · Basic Materials · Copper
Quarterly valuation ratios — annualised for comparability. YoY Δ shows same-quarter-prior-year change.
Freeport-McMoRan Inc.'s quarterly P/E stands at 24.1x, down 38.9% year-over-year — suggesting improving earnings relative to price. EV/EBITDA has compressed 19.7% YoY to 7.7x, reflecting multiple compression or accelerating EBITDA.
| Metric | TTM | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| P/E Ratio → | 39.88 | 24.09 | 45.35 | 20.86 | 20.45 | 39.44 | 50.11 | 34.67 | 28.93 | 36.73 | 39.71 | 29.96 | 42.66 |
| — | -38.9% | -9.5% | -39.8% | -29.3% | +7.4% | +26.2% | +15.7% | -32.2% | +63.8% | +102.0% | +21.6% | +236.2% | |
| P/S Ratio | 3.38 | 3.40 | 3.25 | 2.03 | 2.06 | 2.46 | 2.34 | 2.70 | 2.76 | 2.73 | 2.65 | 2.29 | 2.43 |
| — | +38.3% | +39.0% | -24.8% | -25.1% | -10.0% | -11.7% | +17.7% | +13.4% | -5.4% | +5.5% | +25.0% | +41.0% | |
| P/B Ratio | 2.84 | 2.69 | 2.38 | 1.86 | 2.09 | 1.87 | 1.91 | 2.50 | 2.45 | 2.42 | 2.25 | 2.02 | 2.22 |
| — | +43.9% | +24.6% | -25.4% | -14.8% | -22.5% | -15.1% | +23.8% | +10.5% | +5.0% | +2.3% | +24.0% | +25.0% | |
| P/FCF | 78.05 | 40.65 | 10.48 | 23.27 | 4.65 | — | 69.83 | 26.78 | 20.90 | 26.44 | — | 231.94 | 28.27 |
| — | — | -85.0% | -13.1% | -77.8% | — | — | -88.5% | -26.1% | — | — | — | +101.1% | |
| EV / EBITDA | 11.16 | 7.67 | 15.71 | 6.01 | 5.47 | 9.56 | 8.03 | 7.74 | 7.91 | 8.37 | 7.54 | 6.94 | 7.03 |
| — | -19.7% | +95.6% | -22.3% | -30.9% | +14.2% | +6.6% | +11.5% | +12.5% | -6.8% | -9.5% | +22.0% | +89.7% | |
| EV / EBIT | 15.14 | 9.47 | 31.04 | 7.67 | 6.86 | 10.93 | 11.61 | 9.31 | 8.67 | 10.09 | 9.12 | 9.16 | 10.51 |
| — | -13.4% | +167.3% | -17.6% | -20.9% | +8.3% | +27.3% | +1.6% | -17.5% | +10.3% | +6.1% | -10.9% | +66.8% |
Quarterly margins and returns. Watch for margin compression across consecutive quarters.
Freeport-McMoRan Inc.'s operating margin was 34.3% in Q1 2026, up 19.9 pp QoQ and up 14.6 pp YoY. The trailing four-quarter average of 27.2% lags the current quarter, suggesting the recent improvement is above-trend. Gross margin expanded 17.5% YoY, indicating pricing power or improving input costs.
| Metric | TTM | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 27.0% | 26.5% | 18.1% | 29.9% | 34.1% | 22.6% | 25.5% | 29.7% | 30.8% | 28.1% | 31.4% | 29.9% | 30.2% |
| — | +17.5% | -29.1% | +0.8% | +10.7% | -19.5% | -18.8% | -0.6% | +2.0% | -5.4% | +23.1% | +13.0% | -28.3% | |
| Operating Margin | 24.4% | 34.3% | 14.4% | 28.1% | 32.1% | 19.6% | 23.1% | 27.6% | 28.4% | 24.7% | 27.9% | 26.2% | 27.0% |
| — | +74.5% | -37.6% | +1.5% | +12.8% | -20.4% | -17.3% | +5.6% | +5.2% | -4.7% | +25.5% | +6.9% | -32.5% | |
| Net Margin | 8.6% | 14.1% | 7.2% | 9.7% | 10.2% | 6.2% | 4.7% | 7.8% | 9.6% | 7.5% | 6.7% | 7.7% | 5.7% |
| — | +126.9% | +54.7% | +24.2% | +6.3% | -17.3% | -30.2% | +1.7% | +68.1% | -41.5% | -47.8% | +2.8% | -57.9% |
| Metric | TTM | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 7.4% | 2.8% | 1.3% | 2.2% | 2.6% | 1.2% | 1.0% | 1.8% | 2.1% | 1.7% | 1.4% | 1.7% | 1.3% |
| — | +137.1% | +39.6% | +23.5% | +21.4% | -29.4% | -33.7% | +6.1% | +64.2% | -35.2% | -49.5% | +3.0% | -62.4% | |
| ROA | 3.9% | 1.5% | 0.7% | 1.2% | 1.4% | 0.6% | 0.5% | 0.9% | 1.1% | 0.9% | 0.7% | 0.9% | 0.7% |
| — | +141.3% | +42.0% | +25.9% | +22.4% | -28.8% | -33.1% | +7.9% | +68.9% | -32.0% | -46.1% | +9.8% | -60.7% | |
| ROIC | 12.8% | 4.8% | 1.6% | 4.1% | 5.3% | 2.4% | 3.0% | 4.3% | 4.3% | 3.6% | 3.9% | 3.9% | 4.2% |
| — | +101.0% | -46.3% | -4.0% | +22.6% | -33.8% | -21.7% | +10.4% | +2.2% | +1.9% | +15.0% | +2.7% | -42.4% |
Quarterly solvency trend — watch for debt spikes or covenant pressure.
Freeport-McMoRan Inc.'s Debt/EBITDA ratio is 0.2x, down from 8.9x last quarter — comfortably within a safe range.
| Metric | TTM | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 0.37 | 0.02 | 0.37 | 0.31 | 0.31 | 0.32 | 0.34 | 0.34 | 0.33 | 0.34 | 0.36 | 0.35 | 0.36 |
| — | -95.1% | +10.5% | -8.8% | -6.1% | -4.0% | -6.2% | -4.9% | -9.9% | -10.7% | -18.1% | -20.3% | -20.9% | |
| Debt / EBITDA | 1.35 | 0.19 | 8.88 | 3.60 | 2.98 | 6.04 | 5.14 | 3.96 | 4.06 | 4.43 | 4.46 | 4.54 | 4.41 |
| — | -96.9% | +72.6% | -8.9% | -26.5% | +36.3% | +15.2% | -12.9% | -8.0% | -20.9% | -29.7% | -22.6% | +18.8% | |
| Current Ratio | 2.29 | 2.39 | 2.29 | 2.45 | 2.47 | 2.32 | 2.42 | 2.33 | 2.40 | 2.35 | 2.42 | 2.90 | 2.94 |
| — | +2.7% | -5.3% | +5.4% | +2.8% | -1.3% | +0.0% | -19.6% | -18.3% | -15.7% | -1.7% | +13.0% | +7.6% | |
| Quick Ratio | 1.05 | 2.39 | 1.05 | 1.19 | 1.21 | 1.13 | 1.18 | 1.30 | 1.34 | 1.41 | 1.38 | 1.67 | 1.72 |
| — | +110.7% | -11.4% | -8.4% | -10.1% | -19.5% | -14.2% | -22.5% | -22.0% | -17.6% | -16.3% | -4.9% | -11.2% | |
| Interest Coverage | 17.65 | 18.84 | 5.96 | 18.91 | 30.16 | 19.44 | 18.71 | 28.26 | 24.07 | 19.81 | 18.81 | 16.33 | 8.42 |
| — | — | — | — | — | — | — | — | — | — | — | — | — |
Includes 30+ ratios · 48 years · Updated daily
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Freeport-McMoRan Inc.'s current P/E is 39.9x. The average P/E over the last 4 quarters is 27.7x. 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.