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Earnings transcript
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FCX
Freeport-McMoRan Inc.
$61.35
0.15
(0.24%)
| Exchange: | NYSE |
| Market Cap: | 88.165B |
| Shares Outstanding: | 412.683M |
About The Company
| Sector: | Basic Materials | |||||
| Industry: | Copper | |||||
| CEO: | Kathleen Lynne Quirk | |||||
| Full Time Employees: | 28500 | |||||
| Address: |
| |||||
| Website: | https://fcx.com |
Freeport-McMoRan Inc. engages in the mining of mineral properties in North America, South America, and Indonesia. The company primarily explores for copper, gold, molybdenum, silver, and other metals, as well as oil and gas. Its assets include the Grasberg minerals district in Indonesia; Morenci, Bagdad, Safford, Sierrita, and Miami in Arizona; Tyrone and Chino in New Mexico; and Henderson and Climax in Colorado, North America, as well as Cerro Verde in Peru and El Abra in Chile. The company also operates a portfolio of oil and gas properties primarily located in offshore California and the Gulf of Mexico. As of December 31, 2021, it operated approximately 135 wells. The company was formerly known as Freeport-McMoRan Copper & Gold Inc. and changed its name to Freeport-McMoRan Inc. in July 2014. Freeport-McMoRan Inc. was incorporated in 1987 and is headquartered in Phoenix, Arizona.
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Revenue Segmentation
EPS
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Earnings Call
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Key takeaways
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Login — it's freeIncome Statement
| Year | 2023 | 2024 | 2025 |
|---|---|---|---|
| Revenue | 22,707,000 | 25,455,000 | 25,741,000 |
| Gross Profit | 6,881,000 | 7,503,000 | 6,945,000 |
| EBITDA | 8,589,000 | 9,467,000 | 8,757,000 |
| Operating Income | 6,083,000 | 6,864,000 | 6,290,000 |
| Net Income | 1,842,000 | 1,883,000 | 2,204,000 |
(* All numbers are in thousands)
Balance Sheet
| Year | 2023 | 2024 | 2025 |
|---|---|---|---|
| Total Assets | 52,506,000 | 54,848,000 | 58,167,000 |
| Total Liabilities | 25,196,000 | 26,070,000 | 27,401,000 |
| Total Stockholders Equity | 16,693,000 | 17,581,000 | 18,899,000 |
| Total Debt | 9,853,000 | 9,738,000 | 466,000 |
| Cash and Cash Equivalents | 4,758,000 | 3,923,000 | 4,054,000 |
(* All numbers are in thousands)
Cash Flow Statement
| Year | 2023 | 2024 | 2025 |
|---|---|---|---|
| Operating Cash Flow | 5,279,000 | 7,160,000 | 5,610,000 |
| Capital Expenditure | -4,824,000 | -4,808,000 | 0 |
| Free Cash Flow | 455,000 | 2,352,000 | 5,610,000 |
| Net Income | 1,848,000 | 4,399,000 | 4,152,000 |
| Net Change in Cash | -2,327,000 | -1,152,000 | 66,000 |
(* All numbers are in thousands)
Analyst Estimates
| Fiscal Year | 2030 | Full Access | Full Access | Full Access | Full Access |
|---|---|---|---|---|---|
| Estimated Revenue (Low) | 30,697,907.328 | Full Access | Full Access | Full Access | Full Access |
| Estimated Revenue (High) | 40,860,266.086 | Full Access | Full Access | Full Access | Full Access |
| Estimated Revenue (Avg) | 35,319,000 | Full Access | Full Access | Full Access | Full Access |
| Estimated Ebitda (Low) | 11,957,056.167 | Full Access | Full Access | Full Access | Full Access |
| Estimated Ebitda (High) | 15,915,368.151 | Full Access | Full Access | Full Access | Full Access |
| Estimated Ebitda (Avg) | 13,757,005.070 | Full Access | Full Access | Full Access | Full Access |
| Estimated Net Income (Low) | 1,508,930.671 | Full Access | Full Access | Full Access | Full Access |
| Estimated Net Income (High) | 2,189,016.571 | Full Access | Full Access | Full Access | Full Access |
| Estimated Net Income (Avg) | 1,818,180.001 | Full Access | Full Access | Full Access | Full Access |
| Estimated SGA Expense (Low) | 598,922.694 | Full Access | Full Access | Full Access | Full Access |
| Estimated SGA Expense (High) | 797,192.472 | Full Access | Full Access | Full Access | Full Access |
| Estimated SGA Expense (Avg) | 689,081.194 | Full Access | Full Access | Full Access | Full Access |
| Estimated EPS (Avg) | 1.260 | Full Access | Full Access | Full Access | Full Access |
| Estimated EPS (High) | 1.520 | Full Access | Full Access | Full Access | Full Access |
| Estimated EPS (Low) | 1.050 | Full Access | Full Access | Full Access | Full Access |
| Number of Analysts (Estimated Revenue) | 6 | Full Access | Full Access | Full Access | Full Access |
| Number of Analysts (Estimated EPS) | 3 | Full Access | Full Access | Full Access | Full Access |
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Current Key Metrics
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Login — it's freeForward P/E Ratios
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Login — it's freeSWOT Analysis
Strengths (preview)
- Robust Financial Performance: FCX reported positive financial results in the latest earnings call for Q4 2025, with key metrics such as revenue, operating income, and net income reflecting solid growth. Strong operating cash flow and free cash flow generation, as indicated in the cash flow statements, provide financial flexibility for reinvestment and debt management.
- Operational Efficiency: The company emphasized disciplined cost management during the Q4 2025 earnings call, which has contributed to maintaining healthy gross profit margins and net profit margins, as per the key metrics data (grossProfitMarginTTM and netProfitMarginTTM). This focus enhances profitability amidst market volatility.
- Strong Market Position: As a leading player in the copper industry within the Basic Materials sector, FCX benefits from a substantial market cap and consistent dividend yield (dividendYieldTTM), signaling stability and attractiveness to income-focused investors.
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At what price to buy it? -
Intrinsic Value Calculator
Based on current fundamentals and analyst forecasts, MARKETSnap estimates FCX intrinsic value between $23.95 – $25.18 per share. This depends on revenue growth, margins, and discount rate.
This is an automatic estimate. The most reliable way to know fair value for your own assumptions is to run the calculator below.
Common questions about FCX valuation
Is Freeport-McMoRan Inc. (FCX) overvalued or undervalued right now?
MARKETSnap estimates intrinsic value for Freeport-McMoRan Inc. (FCX) using its proprietary valuation methodology, which incorporates discounted cash flow (DCF) analysis together with long-term earnings and fundamentals assumptions. By comparing intrinsic value to the current market price, long-term investors can see whether the stock screens as potentially overvalued, fairly valued, or undervalued today.
Is FCX a buy, hold, or sell for long-term investors?
MARKETSnap does not give one-word “buy” or “sell” calls. Instead, it shows whether FCX trades at a premium or discount to its estimated intrinsic value, how sensitive that value is to growth and margin assumptions, and how the stock fits into a diversified, long-term portfolio so investors can make their own buy, hold, or sell decision.
What is FCX’s P/E ratio?
You can see FCX’s trailing P/E (TTM) and forward P/E estimates in the Current Key Metrics and Forward P/E Ratios sections above. The P/E ratio compares the current share price to earnings per share and helps investors gauge valuation relative to earnings.
How is intrinsic value calculated for FCX?
MARKETSnap uses its own valuation framework—not a generic spreadsheet DCF alone. Future cash flows and earnings are projected, discounted, and combined with MARKETSnap’s methodology so intrinsic value reflects fundamentals and long-term assumptions. You can run your own inputs and see the result using the Intrinsic Value Calculator above.
Is FCX a good long-term investment?
Whether FCX fits a long-term portfolio depends on your assumptions about growth, margins, and risk. MARKETSnap provides the metrics, intrinsic value calculator, and SWOT context so you can form your own view rather than rely on a single buy/sell rating.
FCX
1-day price chart preview. Log in for 1W through 5Y ranges and period tabs.
0.24
Trading Metrics:
| Open: | 59.04 | Previous Close: | 61.2 | |
| Day Low: | 59.04 | Day High: | 62.54 | |
| Year Low: | 27.66 | Year High: | 69.75 | |
| Price Avg 50: | 61.21 | Price Avg 200: | 48.59 | |
| Volume: | 15.108M | Average Volume: | 20.298M |
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YouTube Video Transcript: Comprehensive Stock Analysis of Freeport-McMoRan Inc. (FCX) Hey everyone, welcome back to the channel! Today, we’re diving deep into a comprehensive stock analysis of Freeport-McMoRan Inc., ticker symbol FCX, one of the heavyweights in the copper mining industry. If you’re interested in commodities, mining stocks, or just looking for a solid long-term investment, you’re in the right place. We’re going to break down everything from their financials to their valuation, recent performance, and even an intrinsic value…
