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About

Freeport-McMoRan Inc. engages in the mining of mineral properties in North America, South America, and Indonesia. It primarily explores for copper, gold, molybdenum, silver, and other metals. The company's assets include the Grasberg minerals district in Indonesia; Morenci, Bagdad, Safford, Sierrita, and Miami in Arizona; Chino and Tyrone in New Mexico; and Henderson and Climax in Colorado, North America, as well as Cerro Verde in Peru and El Abra in Chile. Freeport-McMoRan Inc. was formerly known as Freeport-McMoRan Copper & Gold Inc. and changed its name to Freeport-McMoRan Inc. in July 2014. The company was incorporated in 1987 and is headquartered in Phoenix, Arizona.

Fundamentals
Scroll to Statements
Sector Basic Materials Industry Copper Market Cap 100.02B
Enterprise Value 116.09B Income 2.20B Sales 25.92B
Book/sh 13.16 Cash/sh 2.66 Dividend Yield 88.00%
Payout 39.47% Employees 29000 IPO —
P/E 45.78 Forward P/E 19.78 PEG —
P/S 3.86 P/B 5.29 P/C —
EV/EBITDA 12.76 EV/Sales 4.48 Quick Ratio 0.91
Current Ratio 2.29 Debt/Eq 34.10 LT Debt/Eq —
EPS (ttm) 1.52 EPS next Y 3.52 EPS Growth 47.70%
Revenue Growth -1.50% Earnings 2026-04-23 ROA 7.19%
ROE 13.95% ROIC — Gross Margin 37.06%
Oper. Margin 14.40% Profit Margin 8.51% Shs Outstand 1.44B
Shs Float 1.43B Short Float 2.45% Short Ratio 1.49
Short Interest — 52W High 69.75 52W Low 27.66
Beta 1.43 Avg Volume 18.98M Volume 9.98M
Target Price $65.82 Recom Buy Prev Close $67.88
Price $69.59 Change 2.52%
Valuation Models

Price estimates from analyst targets and simple models.

1. Analyst consensus
$65.82
Mean price target
2. Current target
$69.59
Latest analyst target
3. DCF / Fair value
$19.53
Simplified: (Free Cash Flow ÷ Shares) × 18 (P/FCF multiple). Not a …
Ratings
Current target
$69.59
Low
$30.00
High
$76.00
Mean
$65.82

Latest analyst rating changes

Date Action Analyst Rating Change Price Target
2026-02-20 main Scotiabank Sector Outperform → Sector Outperform $72
2026-02-13 up Argus Research Hold → Buy —
2026-01-26 main Scotiabank Sector Outperform → Sector Outperform $70
2026-01-23 main UBS Buy → Buy $70
2026-01-23 down Bernstein Outperform → Market Perform $54
2026-01-13 main Wells Fargo Overweight → Overweight $64
2026-01-12 main Citigroup Buy → Buy $67
2026-01-08 main JP Morgan Overweight → Overweight $68
2025-12-23 main Wells Fargo Overweight → Overweight $55
2025-12-12 main UBS Buy → Buy $60
2025-12-05 main JP Morgan Overweight → Overweight $58
2025-11-19 main Morgan Stanley Overweight → Overweight $44
2025-11-19 main BMO Capital Outperform → Outperform $47
2025-11-19 up Scotiabank Sector Perform → Sector Outperform $47
2025-10-28 main Scotiabank Sector Perform → Sector Perform $51
2025-10-17 up HSBC Hold → Buy $50
2025-10-09 main JP Morgan Overweight → Overweight $50
2025-10-08 init Wells Fargo — → Overweight $47
2025-10-08 up Citigroup Neutral → Buy $48
2025-10-08 main Morgan Stanley Overweight → Overweight $46
Insider Transactions
Date Shares Value Url Text Insider Position Transaction Start Date Ownership
0 29654 1868202 — Sale at price 63.00 per share. HIGGINS STEPHEN T Officer — 2026-02-20 00:00:00 I
1 11000 682345 — Sale at price 62.03 per share. MIKES ELLIE L. Officer — 2026-02-18 00:00:00 D
2 48500 2985175 — Sale at price 61.55 per share. ROBERTSON MAREE E Chief Financial Officer — 2026-02-13 00:00:00 D
3 75000 892250 — Conversion of Exercise of derivative security at price 11.87 - 11.91 per share. CURRAULT DOUGLAS NICHOLAS II General Counsel — 2026-02-11 00:00:00 D
4 75000 4838812 — Sale at price 64.52 per share. CURRAULT DOUGLAS NICHOLAS II General Counsel — 2026-02-11 00:00:00 D
5 400991 25464329 — Sale at price 62.80 - 65.21 per share. ADKERSON RICHARD C Chairman of the Board — 2026-02-11 00:00:00 D
6 43875 — — Stock Award(Grant) at price 0.00 per share. ROBERTSON MAREE E Chief Financial Officer — 2026-02-10 00:00:00 D
7 34625 — — Stock Award(Grant) at price 0.00 per share. CURRAULT DOUGLAS NICHOLAS II General Counsel — 2026-02-09 00:00:00 D
8 18000 — — Stock Award(Grant) at price 0.00 per share. MIKES ELLIE L. Officer — 2026-02-09 00:00:00 D
9 38625 — — Stock Award(Grant) at price 0.00 per share. HIGGINS STEPHEN T Officer — 2026-02-09 00:00:00 D
Financials
Line Item2025-12-312024-12-312023-12-312022-12-31
TaxEffectOfUnusualItems5.58M0.003.80M11.22M
TaxRateForCalcs0.350.370.380.34
NormalizedEBITDA8.97B9.47B8.58B9.26B
TotalUnusualItems16.00M0.0010.00M33.00M
TotalUnusualItemsExcludingGoodwill16.00M0.0010.00M33.00M
NetIncomeFromContinuingOperationNetMinorityInterest2.20B1.89B1.85B3.47B
ReconciledDepreciation2.24B2.24B2.07B2.02B
ReconciledCostOfRevenue18.62B17.80B15.70B15.09B
EBITDA8.98B9.47B8.59B9.29B
EBIT6.74B7.23B6.52B7.28B
NetInterestIncome-369.00M-319.00M-515.00M-560.00M
InterestExpense369.00M319.00M515.00M560.00M
NormalizedIncome2.19B1.89B1.84B3.45B
NetIncomeFromContinuingAndDiscontinuedOperation2.20B1.89B1.85B3.47B
TotalExpenses19.41B18.59B16.63B15.75B
TotalOperatingIncomeAsReported6.52B6.86B6.22B7.04B
DilutedAverageShares1.44B1.45B1.44B1.45B
BasicAverageShares1.44B1.44B1.44B1.43B
DilutedEPS1.521.301.282.39
BasicEPS1.531.311.292.43
DilutedNIAvailtoComStockholders2.20B1.89B1.85B3.47B
NetIncomeCommonStockholders2.20B1.89B1.85B3.47B
NetIncome2.20B1.89B1.85B3.47B
MinorityInterests-1.95B-2.51B-1.90B-1.01B
NetIncomeIncludingNoncontrollingInterests4.15B4.40B3.75B4.48B
NetIncomeDiscontinuousOperations0.00
NetIncomeContinuousOperations4.15B4.40B3.75B4.48B
EarningsFromEquityInterestNetOfTax1.00M15.00M15.00M31.00M
TaxProvision2.22B2.52B2.27B2.27B
PretaxIncome6.37B6.91B6.01B6.71B
OtherIncomeExpense239.00M362.00M296.00M240.00M
OtherNonOperatingIncomeExpenses223.00M362.00M286.00M207.00M
SpecialIncomeCharges16.00M0.0010.00M33.00M
GainOnSaleOfPPE16.00M0.000.002.00M
OtherSpecialCharges-10.00M-31.00M
NetNonOperatingInterestIncomeExpense-369.00M-319.00M-515.00M-560.00M
InterestExpenseNonOperating369.00M319.00M515.00M560.00M
OperatingIncome6.50B6.86B6.22B7.03B
OperatingExpense795.00M796.00M935.00M656.00M
OtherOperatingExpenses250.00M283.00M456.00M236.00M
SellingGeneralAndAdministration545.00M513.00M479.00M420.00M
GrossProfit7.30B7.66B7.16B7.69B
CostOfRevenue18.62B17.80B15.70B15.09B
TotalRevenue25.91B25.45B22.86B22.78B
OperatingRevenue25.91B25.45B22.86B22.78B
Line Item2024-12-312023-12-312022-12-312021-12-31
TreasurySharesNumber187.20M184.00M183.00M146.00M
OrdinarySharesNumber1.44B1.44B1.44B1.43B
ShareIssued1.44B1.62B1.62B1.61B
NetDebt5.55B5.03B4.66B2.47B
TotalDebt10.49B9.74B9.85B10.95B
TangibleBookValue18.47B17.15B16.27B15.14B
InvestedCapital28.28B26.53B26.11B26.18B
WorkingCapital7.77B7.80B8.25B9.27B
NetTangibleAssets18.47B17.15B16.27B15.14B
CapitalLeaseObligations1.11B790.00M431.00M332.00M
CommonStockEquity18.90B17.58B16.69B15.55B
TotalCapitalization27.81B26.49B25.35B25.14B
TotalEquityGrossMinorityInterest30.77B28.78B27.31B24.87B
MinorityInterest11.87B11.20B10.62B9.32B
StockholdersEquity18.90B17.58B16.69B15.55B
GainsLossesNotAffectingRetainedEarnings-305.00M-314.00M-274.00M-320.00M
OtherEquityAdjustments-305.00M-314.00M-274.00M-320.00M
TreasuryStock6.02B5.89B5.77B5.70B
RetainedEarnings1.39B-170.00M-2.06B-3.91B
AdditionalPaidInCapital23.68B23.80B24.64B25.32B
CapitalStock163.00M162.00M162.00M161.00M
CommonStock163.00M162.00M162.00M161.00M
TotalLiabilitiesNetMinorityInterest27.40B26.07B25.20B26.22B
TotalNonCurrentLiabilitiesNetMinorityInterest21.38B20.57B19.38B19.88B
OtherNonCurrentLiabilities249.00M259.00M344.00M296.00M
EmployeeBenefits916.00M800.00M783.00M811.00M
NonCurrentPensionAndOtherPostretirementBenefitPlans770.00M689.00M704.00M775.00M
NonCurrentDeferredLiabilities4.75B4.51B4.63B4.43B
NonCurrentDeferredTaxesLiabilities4.75B4.51B4.63B4.43B
LongTermDebtAndCapitalLeaseObligation9.92B9.60B9.00B9.88B
LongTermCapitalLeaseObligation1.01B692.00M347.00M294.00M
LongTermDebt8.91B8.91B8.66B9.58B
LongTermProvisions5.54B5.40B4.62B4.46B
CurrentLiabilities6.02B5.50B5.82B6.34B
CurrentDeferredLiabilities106.00M91.00M161.00M76.00M
CurrentDeferredRevenue106.00M91.00M161.00M76.00M
CurrentDebtAndCapitalLeaseObligation569.00M139.00M850.00M1.07B
CurrentCapitalLeaseObligation103.00M98.00M84.00M38.00M
CurrentDebt466.00M41.00M766.00M1.04B
OtherCurrentBorrowings466.00M41.00M766.00M1.04B
PensionandOtherPostRetirementBenefitPlansCurrent148.00M128.00M129.00M143.00M
CurrentProvisions313.00M320.00M316.00M320.00M
PayablesAndAccruedExpenses4.88B4.82B4.36B4.73B
CurrentAccruedExpenses870.00M530.00M540.00M866.00M
InterestPayable145.00M135.00M146.00M218.00M
Payables4.01B4.29B3.82B3.87B
OtherPayable262.00M291.00M194.00M128.00M
DividendsPayable219.00M219.00M218.00M217.00M
TotalTaxPayable584.00M989.00M941.00M819.00M
IncomeTaxPayable456.00M859.00M786.00M744.00M
AccountsPayable2.95B2.79B2.47B2.70B
TotalAssets58.17B54.85B52.51B51.09B
TotalNonCurrentAssets44.38B41.55B38.44B35.48B
OtherNonCurrentAssets1.90B1.82B1.86B1.62B
NonCurrentPrepaidAssets9.00M39.00M26.00M2.00M
NonCurrentNoteReceivables0.00233.00M101.00M36.00M
NonCurrentAccountsReceivable834.00M330.00M380.00M423.00M
InvestmentsAndAdvances477.00M456.00M207.00M262.00M
OtherInvestments50.00M26.00M
InvestmentinFinancialAssets125.00M102.00M84.00M262.00M
HeldToMaturitySecurities97.00M133.00M132.00M
AvailableForSaleSecurities125.00M102.00M84.00M129.00M
LongTermEquityInvestment352.00M354.00M123.00M
InvestmentsinJointVenturesatCost352.00M354.00M123.00M
GoodwillAndOtherIntangibleAssets432.00M428.00M422.00M416.00M
OtherIntangibleAssets432.00M428.00M422.00M416.00M
NetPPE40.74B38.51B35.30B32.63B
AccumulatedDepreciation-25.69B-23.83B-49.27B-48.27B
GrossPPE66.43B62.34B84.57B80.90B
ConstructionInProgress5.52B9.38B6.95B4.42B
OtherProperties6.31B5.60B4.99B4.76B
MachineryFurnitureEquipment21.59B16.32B15.25B14.79B
BuildingsAndImprovements12.05B10.67B10.16B9.75B
CurrentAssets13.79B13.30B14.06B15.61B
OtherCurrentAssets580.00M535.00M375.00M381.00M
RestrictedCash230.00M888.00M1.21B111.00M
Inventory7.49B6.81B6.06B5.18B
FinishedGoods3.33B3.04B2.47B1.17B
WorkInProcess221.00M221.00M195.00M
RawMaterials4.16B3.77B3.59B3.79B
Receivables1.66B1.14B1.66B1.79B
TaxesReceivable686.00M564.00M455.00M459.00M
AccountsReceivable977.00M578.00M1.21B1.34B
CashCashEquivalentsAndShortTermInvestments3.82B3.92B4.76B8.15B
CashAndCashEquivalents3.82B3.92B4.76B8.15B
Line Item2025-12-312024-12-312023-12-312022-12-31
FreeCashFlow1.12B2.35B455.00M1.67B
RepurchaseOfCapitalStock-107.00M-59.00M0.00-1.35B
RepaymentOfDebt-2.81B-2.77B-2.98B-4.52B
IssuanceOfDebt3.19B2.25B1.78B5.74B
CapitalExpenditure-4.49B-4.81B-4.82B-3.47B
EndCashPosition4.17B4.91B6.06B8.39B
BeginningCashPosition4.91B6.06B8.39B8.31B
ChangesInCash-738.00M-1.15B-2.33B76.00M
FinancingCashFlow-1.88B-3.28B-2.65B-1.62B
CashFlowFromContinuingFinancingActivities-1.88B-3.28B-2.65B-1.62B
NetOtherFinancingCharges-1.30B-1.87B-632.00M-748.00M
ProceedsFromStockOptionExercised12.00M29.00M47.00M125.00M
CashDividendsPaid-865.00M-865.00M-863.00M-866.00M
CommonStockDividendPaid-865.00M-865.00M-863.00M-866.00M
NetCommonStockIssuance-107.00M-59.00M0.00-1.35B
CommonStockPayments-107.00M-59.00M0.00-1.35B
NetIssuancePaymentsOfDebt381.00M-521.00M-1.20B1.21B
NetLongTermDebtIssuance381.00M-521.00M-1.20B1.21B
LongTermDebtPayments-2.81B-2.77B-2.98B-4.52B
LongTermDebtIssuance3.19B2.25B1.78B5.74B
InvestingCashFlow-4.47B-5.03B-4.96B-3.44B
CashFlowFromContinuingInvestingActivities-4.47B-5.03B-4.96B-3.44B
NetOtherInvestingChanges22.00M-10.00M-132.00M29.00M
NetBusinessPurchaseAndSale0.00-210.00M0.000.00
PurchaseOfBusiness0.00-210.00M0.000.00
CapitalExpenditureReported-4.49B-4.81B-4.82B-3.47B
OperatingCashFlow5.61B7.16B5.28B5.14B
CashFlowFromContinuingOperatingActivities5.61B7.16B5.28B5.14B
ChangeInWorkingCapital-1.34B-29.00M-880.00M-1.60B
ChangeInOtherCurrentAssets-55.00M-41.00M-29.00M-12.00M
ChangeInPayablesAndAccruedExpense-53.00M190.00M-144.00M-1.07B
ChangeInPayable-53.00M190.00M-144.00M-1.07B
ChangeInAccountPayable802.00M143.00M-161.00M-73.00M
ChangeInTaxPayable-855.00M47.00M17.00M-999.00M
ChangeInIncomeTaxPayable-855.00M47.00M17.00M-999.00M
ChangeInInventory-709.00M-638.00M-873.00M-573.00M
ChangeInReceivables-521.00M460.00M166.00M56.00M
ChangesInAccountReceivables-521.00M460.00M166.00M56.00M
OtherNonCashItems95.00M490.00M5.00M151.00M
StockBasedCompensation121.00M109.00M109.00M95.00M
AssetImpairmentCharge64.00M69.00M67.00M0.00
DeferredTax247.00M-76.00M182.00M36.00M
DeferredIncomeTax247.00M-76.00M182.00M36.00M
DepreciationAmortizationDepletion2.24B2.24B2.07B2.02B
OperatingGainsLosses25.00M-43.00M-23.00M-40.00M
PensionAndEmployeeBenefitExpense25.00M-43.00M-13.00M-9.00M
NetIncomeFromContinuingOperations4.15B4.40B3.75B4.48B
SEC Filings

Recent 10-K, 10-Q, 8-K, and Form 4 (insider) filings.

Public Trades for FCX
Date User Asset Broker Type Position Size Entry Price Patterns