Freeport-McMoRan Inc.(FCX) Stock Research - Grey Stern Research

Freeport-McMoRan Inc. (FCX) Stock Analysis

$42.89 (0.54%)

FCX Financial Performance


Use the table below to view Freeport-McMoRan Inc.'s financial profile. This data is gathers from the latest available financial statements. Annual data is taken from the trailing 12 months of statements. All numbers are reported in US Dollars and so any foreign currencies are converted to USD so comparison's can be done.

Based on Financial Statements from Q2 - 2024

Metric Value Ranking among Peers
Price $41.81 -
52 Week Low $32.83 -
52 Week High $55.24 -
Market Cap $60.1 Billion 2/4
Gross Margin 33% 3/4
Profit Margin 9% 2/4
EBITDA margin 39% 3/4
Q2 - 2024 Revenue $6.6 Billion 1/4
Q2 - 2024 Earnings $616.0 Million 2/4
Q2 - 2024 Free Cash Flow $840.0 Million 1/4
Trailing 4 Quarters Revenue $24.5 Billion 1/4
Trailing 4 Quarters Earnings $1.9 Billion 2/4
Quarterly Earnings Growth -16% 3/4
Annual Earnings Growth -50% 3/4
Quarterly Revenue Growth 15% 3/4
Annual Revenue Growth 12% 2/4
Cash On Hand $6.2 Billion 1/4
Short Term Debt $768.0 Million 1/4
Long Term Debt $8.7 Billion 1/4

Freeport-McMoRan Inc. Financial Metrics


Financial metrics are a set of useful numbers that can give key performance indicators of a company. The various metrics can include information about profitability, growth, and debt load. When combined and use properly they can tell an analyst a compelling fact-based story of how the company is currently performing. To compare Freeport-McMoRan Inc.'s metrics versus it's peers make sure to run our peer analysis tool.

Valuation Metrics

Metric Value Ranking among Peers
PE 31.11 2/4
PS 2.46 3/4
PB 2.09 3/4
PC 9.68 3/4
Liabilities to Equity 1.49 1/4
ROA 0.04 2/4
ROE 0.11 2/4
Current Ratio 2.11 1/4
Quick Ratio 0.24 1/4
Long Term Debt to Equity 0.50 3/4
Debt to Equity 0.54 3/4
Burn Rate -79.85 4/4
Cash to Cap 0.10 2/4
CCR 1.36 1/4
EV to EBITDA 24.75 4/4
EV to Revenue 2.59 3/4

Company Details

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.

CEO: Mr. Richard Adkerson

Website: https://fcx.com

Address: 333 N Central Ave Phoenix, ARIZONA

Exchange: New York Stock Exchange

Industry: Copper

Freeport-McMoRan Inc. Peer Analysis


A useful and more reliable way of seeing the health of a company is to compare it to other companies operating in the same sector. Below is our list of companies which we rank are the closest peers to Freeport-McMoRan Inc.. If you feel that peers should be added or removed from this list please contact us. To run an in-depth peer analysis which compares many financial metrics click on the link below.

Stock Ticker Market Cap
Southern Copper Corporation SCCO $78.1 Billion
Hudbay Minerals Inc. HBM $2.9 Billion
Ero Copper Corp. ERO $2.1 Billion
Run Peer Analysis
Income Statement
Balance Sheet
Cash Flow Statement
FCX Income Statements
Quarter Year Revenue Earnings
Q2 2024 $ 6.6 Billion $616.0 Million
Q1 2024 $ 6.2 Billion $473.0 Million
Q4 2023 $ 5.8 Billion $388.0 Million
Q3 2023 $ 5.8 Billion $454.0 Million
Q2 2023 $ 5.7 Billion $729.0 Million
Q1 2023 $ 5.4 Billion $1.0 Billion
Q4 2022 $ 5.8 Billion $979.0 Million
Q3 2022 $ 5.0 Billion $404.0 Million

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FCX Balance Sheets
Quarter Year Cash & Equivalents Total Assets Total Debt Total Equity
Q2 2024 $6.2 Billion $54.6 Billion $9.4 Billion $28.7 Billion
Q1 2024 $6.1 Billion $54.2 Billion $9.4 Billion $28.1 Billion
Q4 2023 $5.7 Billion $52.5 Billion $9.8 Billion $27.3 Billion
Q3 2023 $5.7 Billion $51.6 Billion $9.4 Billion $16.5 Billion
Q2 2023 $6.7 Billion $50.9 Billion $9.5 Billion $16.2 Billion
Q1 2023 $6.9 Billion $50.9 Billion $9.6 Billion $16.1 Billion
Q4 2022 $8.1 Billion $51.1 Billion $10.6 Billion $15.6 Billion
Q3 2022 $8.6 Billion $49.9 Billion $10.7 Billion $24.2 Billion

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FCX Cash Flow Statements
Quarter Year freeCashFlow capitalExpenditure netChangeInCash
Q2 2024 $840.0 Million -$1.1 Billion $61.0 Million
Q1 2024 $642.0 Million -$1.3 Billion $476.0 Million
Q4 2023 -$42.0 Million -$1.4 Billion -$476.0 Million
Q3 2023 $58.0 Million -$1.2 Billion -$397.0 Million
Q2 2023 $510.0 Million -$1.2 Billion -$168.0 Million
Q1 2023 -$71.0 Million -$1.1 Billion -$1.3 Billion
Q4 2022 $22.0 Million -$1.0 Billion -$434.0 Million
Q3 2022 $4.1 Billion $0 -$921.0 Million

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