Reading the tape
NYSE: FCX
Freeport-McMoRan Inc.
Basic Materials · Copper
Market Cap
$88.60B
52w High
$70.97
52w Low
$35.15
P/E
32.57
Volume
10.24M
Outstanding Shares
1.44B
Price vs Fundamentals
Why The Stock Is Moving
Fundamentals are supporting the moveHigh confidence
1Y Price: 64.49%Revenue (TTM): 7.91%FCF (TTM): 291.35%P/FCF: 55th pct
What changed
The stock rose 64.49% over the last year. Revenue grew 7.91% over the trailing twelve months. Operating margin moved from 24.94% to 27.77%. Free cash flow grew 291.35% over the trailing twelve months.
What the market seems to be pricing
The stock move broadly lines up with stronger business momentum, and the shares are still only around the 55th percentile of their historical P/FCF range.
What would invalidate this read
Operating margin is at 27.77%. Revenue grew 7.91% — this thesis depends on that trajectory holding. If revenue growth, margins, or free cash flow roll over while the stock keeps climbing, more of the move would be coming from multiple expansion than business progress.
Company profile
Freeport-McMoRan Inc. engages in the mining of mineral properties in North America, South America, and Indonesia.
CEOKathleen Lynne Quirk
SectorBasic Materials
IndustryCopper
Employees28,500
IPO dateJul 10, 1995
Valuation
Forward P/E—
EV/EBITDA9.30
Enterprise value$81.44B
Stock splits
Feb 2, 2011↑ Forward
Every 1 shares became 2
Profitability & growth
Revenue growth12.24%
Gross margin27.8%▼8.47%vs FY2024
Operating margin27.77%▼9.38%vs FY2024
ROE11.66%▲8.88%vs FY2024
Analyst consensus
RatingBuy
Target price$67.00▲8.68%
24
Buy
14
Hold
3
Sell
Analyst ratings tend to be lagging indicators. Use as one signal among many.
Earnings
Full quarter-by-quarter history of actuals vs estimates. Switch into compare mode to inspect one metric year-over-year.
Next report
Jul 22, 2026
Q3 FY26 · EPS est $0.60 · Revenue est $6.46B
View
Dividends
$0.60/shareQuarterly5yr growth streakAdequateFCX pays a dividend with a 0.97% dividend yield, 5 consecutive years of growth, growing at 64.38% annually, covered 1.3× by free cash flow.
Dividend Yield
0.97%
Annual Div / Share
$0.60
5yr CAGR
+64.38%
Doubles every ~1.4yr
Payout Ratio
8.23%
Adequate
Dividend Growth Rate
3yr CAGR
+0%
5yr CAGR
+64.38%
10yr CAGR
+0.46%
Dividend Safety
8/10Adequate
Dividend History
Annual dividends paid per share
YearAnnual DivYoY
2025$0.60+0.0%
2024$0.60+0.0%
2023$0.60+0.0%
2022$0.60+166.7%
2021$0.23+350.0%
2020$0.05-75.0%
2019$0.20+33.3%
Income Projection
Invest
$
Growth rate:
Reinvest dividends
Today
$10/yr
$1/mo
In 5 yrs
$17/yr+76%
$1/mo
In 10 yrs
$30/yr+211%
$3/mo
| Today | In 5 yrs | In 10 yrs |
|---|---|---|
$10/yr $1/mo | $17/yr+76% $1/mo | $30/yr+211% $3/mo |
Long-range projections use a capped 12% annual growth assumption.
Yield-on-cost grows from 0.97% → 3.02% over 10yr
Analysis
Dividend Strengths
Strong dividend growth rate
The 5-year CAGR of 64.38% meaningfully outpaces inflation, compounding real income growth for long-term holders.
Risks to Watch
No strong risk signal stands out from the latest period pair.