FREEPORT-MCMORAN INC (FCX) Stock Analysis

Analysis from 10-Q filed 2025-11-06. Data as of Q4 2025.

Overall Grade: F (Concerning)

Grade F (Concerning). ROIC 8.8%. FCF margin 4.3%. D/E 0.5x. Source: 10-Q filed 2025-11-06.

Metric	Value	Context
ROIC	8.8%	Near cost of capital
FCF Margin	4.3%	Cash flow pressure
Debt/Equity	0.5x	Conservative leverage

ROIC 8.8% — Top 50% of sector peers. FCF margin 4.3% — Top 50%.

Explore FREEPORT-MCMORAN INC: Earnings History | Filings | ROIC Analysis

Programmatic access: Available via MCP at mcp.metricduck.com. Tools for FCX: get_company_overview, get_filing_index (lens: debt_stress, management_outlook, risk_trajectory), get_filing_changes, get_metric_history, compare_companies, screen_filing_signals.

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Profitability: FREEPORT-MCMORAN INC earns 8.8% ROIC, Top 50% in Materials

ROIC TTM 8.8%, sector median 4.8%, Top 50%. DuPont: NOPAT margin 16.4% × asset turnover 0.5x. Gross margin 28.2%. Operating margin 25.2%. Source: 10-Q filed 2025-11-06.

Metric	FCX	Rating	Context
Return on Invested Capital (ROIC)	8.8%	Adequate	Above sector median of 4.8%
Return on Equity (ROE)	12.1%	Adequate	Moderate equity returns
Gross Margin	28.2%	Adequate	Competitive pricing environment
Operating Margin	25.2%	Excellent	Efficient operations

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Cash Flow: FREEPORT-MCMORAN INC generates $1.1B FCF at 4.3% margin, positive NaN/8 quarters

FCF TTM $1.1B. FCF margin 4.3%, Top 50%. OCF/Net income 2.5x. Positive FCF in NaN/8 trailing quarters. Source: 10-Q filed 2025-11-06.

Metric	FCX	Rating	Context
Free Cash Flow Margin	4.3%	Warning	Thin cash margins
Free Cash Flow (TTM)	$1.1B	Good	Positive cash generation
OCF/Net Income	2.5x	Excellent	High earnings quality
FCF Consistency (8Q)	N/A	Warning	Variable cash flow

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Balance Sheet: FREEPORT-MCMORAN INC at 0.5x leverage

Debt/Equity 0.5x. Total debt $9.4B, cash & investments $4.2B. Source: 10-Q filed 2025-11-06.

Metric	FCX	Rating	Context
Debt to Equity	0.5x	Good	Conservative capital structure
Net Cash Position	$-5.2B	Warning	Net debt position

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Valuation: FREEPORT-MCMORAN INC trades at 33.1x earnings

P/E 33.1x. EV/Sales 3.0x. FCF yield 1.5%. Dividend yield 1.2%. Source: 10-Q filed 2025-11-06.

Metric	FCX	Rating	Context
P/E Ratio	33.1x	Adequate	Premium valuation
EV/Sales	3.0x	Good	Attractive revenue multiple
FCF Yield	1.5%	Warning	Lower cash yield
Dividend Yield	1.2%	Adequate	Growth focus over income

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Capital Allocation: FREEPORT-MCMORAN INC returns 1.3% shareholder yield

Total shareholder yield 1.3% (div 1.2% + buyback 0.1%). Capital returned $972.0M TTM. Source: 10-Q filed 2025-11-06.

Metric	FCX	Rating	Context
Total Shareholder Yield	1.3%	Adequate	Dividend + buyback yield combined
Buyback Yield	0.1%	Adequate	Minimal buyback activity
Total Capital Returned (TTM)	$972.0M	Good	Dividends + buybacks returned to shareholders

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Sector Rankings

Metric	Value	Percentile	vs Median
Return on Invested Capital (ROIC)	8.8%	Top 50%	1.9x above
Free Cash Flow Margin	4.3%	Top 50%	4.1x above
Gross Margin	28.2%	Top 50%	1.1x above
Operating Margin	25.2%	Top 25%	3.1x above
Return on Equity (ROE)	12.1%	Top 50%	1.6x above
P/E Ratio	33.1x	N/A	-

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Financial Scorecard

Metric	FCX	Rating	Sector Context
Return on Invested Capital (ROIC)	8.8%	Adequate	Top 50% of sector (median: 4.8%)
Free Cash Flow Margin	4.3%	Warning	Top 50% of sector (median: 1.1%)
Gross Margin	28.2%	Adequate	Top 50% of sector (median: 26.5%)
Debt to Equity Ratio	49.6%	Good	Moderate leverage
P/E Ratio (Price-to-Earnings)	33.1x	Adequate	Growth premium
Free Cash Flow Yield	1.5%	Warning	Growth-focused valuation

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Frequently Asked Questions

Q: What is FREEPORT-MCMORAN INC's Return on Invested Capital (ROIC)?

FREEPORT-MCMORAN INC (FCX) has a trailing twelve-month Return on Invested Capital (ROIC) of 8.8%. Sector median 4.8%. Source: 10-Q filed 2025-11-06.

Q: What is FREEPORT-MCMORAN INC's Free Cash Flow Margin?

FREEPORT-MCMORAN INC (FCX) has a free cash flow margin of 4.3%, generating $1.1 billion in free cash flow over the trailing twelve months. Source: 10-Q filed 2025-11-06.

Q: What is FREEPORT-MCMORAN INC's P/E ratio and how does it compare to peers?

FREEPORT-MCMORAN INC (FCX) trades at a P/E ratio of 33.1x, which is above the sector median of N/A. EV/Sales 3.0x. FCF yield 1.5%. Source: 10-Q filed 2025-11-06.

Q: Does FREEPORT-MCMORAN INC pay a dividend?

FREEPORT-MCMORAN INC (FCX) currently pays a dividend yield of 1.2%. Total shareholder yield (dividend + buybacks) 1.3%. Source: 10-Q filed 2025-11-06.

Q: What is FREEPORT-MCMORAN INC's revenue and earnings growth?

FREEPORT-MCMORAN INC (FCX) grew revenue by 1.8% year-over-year. EPS +16.8% YoY. Source: 10-Q filed 2025-11-06.

Q: Is FREEPORT-MCMORAN INC buying back stock?

FREEPORT-MCMORAN INC (FCX) repurchased $107.0 million of stock over the trailing twelve months. This represents a buyback yield of 0.1%. Source: 10-Q filed 2025-11-06.

Q: How does FREEPORT-MCMORAN INC compare to competitors in Materials?

Compared to other companies in Materials, FREEPORT-MCMORAN INC (FCX) shows: ROIC 8.8%, sector median 4.8% (Top 50%). FCF margin 4.3%, sector median 1.1% (Top 50%). Gross margin 28.2%, 1.6pp above sector median. These rankings are based on MetricDuck's analysis of all Materials companies with available SEC filings.

Q: What warning signs should I watch for with FREEPORT-MCMORAN INC?

Quantitative warning flags for FREEPORT-MCMORAN INC (FCX): 1) FCF margin 4.3% (below 5%); 2) ROIC declining -2.7% over 8 quarters. Source: 10-Q filed 2025-11-06.

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Data Source: Data sourced from 10-Q filed 2025-11-06. TTM metrics as of Q4 2025.

Methodology: Financial metrics calculated from SEC 10-K and 10-Q filings using standardized formulas. Sector comparisons use peer group based on SIC code.

Scope: This analysis covers SEC filing fundamentals — profitability, cash flow, balance sheet, and valuation metrics. For analyst estimates and price targets, consult sell-side research.

This analysis is for informational purposes only and does not constitute investment advice.