Why did Freeport-McMoRan (FCX) stock move recently?

On 9/1/2026, Freeport-McMoRan moved -4.3% — FCX fell ~4% with the broader market and mining sector on Sep 1 amid pressure on copper futures from a stronger dollar, rising Treasury yields, hawkish Fed commentary, and institutional profit-taking after elevated valuations; no company-specific catalyst or filing today. This is MarketChacha's decoded reason from filings and credible news; it is education, not buy/sell advice.

Is Freeport-McMoRan (FCX) overvalued or fairly valued?

MarketChacha shows Freeport-McMoRan's valuation in context — a trailing P/E of about 32.1, a forward P/E of about 17.5, a price-to-book of about 5.2 — alongside its revenue and profit growth and whether reported profit converts into operating cash, so you can judge value for yourself. MarketChacha does not issue ratings, price targets, or buy/sell advice.

Does Freeport-McMoRan's reported profit turn into cash?

Over 3 years, operating cash flow fully covered reported profit — earnings are backed by real cash. MarketChacha computes this cash-conversion check (1.47×) from reported figures — education, not a rating.

What is Freeport-McMoRan's revenue?

Freeport-McMoRan reported revenue of $25.2B for FY2025, with net profit of $4.2B, per official filings.

What is the share price of Freeport-McMoRan (FCX)?

Freeport-McMoRan last traded at $73.11 (+0.8% on the day), as of 9/4/2026 — a delayed quote shown for education, not investment advice.

Freeport-McMoRan

FCX · NYSE · Materials · United States

Snapshot

TickerFCX

ExchangeNYSE

SectorMaterials

IndustryCopper

CountryUnited States

Employees29,000

HeadquartersPhoenix, United States

Websitefcx.com

Filings tracked21

About Freeport-McMoRan

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. Its 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. The company 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.

Who owns it

Insiders0.7%
Institutions89.3%
Public & other10.0%

2,503 institutional holders

Ownership breakdown from public market data.

Top holders

Blackrock Inc.8.49%
Vanguard Capital Management LLC6.54%
Fisher Asset Management, LLC4.66%
State Street Corporation4.63%
Capital Research Global Investors2.89%
Franklin Resources, Inc.2.60%
Bank of America Corporation2.53%
Geode Capital Management, LLC2.27%

Largest institutional holders — last updated 6/30/2026.

Forensic scorecard

No major accounting red flags in the fundamentals we have — profit is backed by cash and returns look healthy.

Cash conversion1.47×

Over 3 years, operating cash flow fully covered reported profit — earnings are backed by real cash.

Net margin trend16.5% → 16.5%

Margin has held broadly steady over the period — stable profitability.

Return on equity22.0%

Latest ROE of 22.0% — capital is generating a healthy return.

Growth qualityrev 5% · PAT 5%

Profit growth is broadly tracking revenue growth — the earnings trend looks operational rather than one-off.

Computed by MarketChacha from reported figures (SEC XBRL). Education, not a rating or recommendation.

What's expected next

Next quarter

Rev $8.9B · EPS 0.98

Est. earnings growth +108.7%

Next fiscal year

Rev $35.5B · EPS 4.14

Est. earnings growth +36.9%

Analyst consensus estimates — not the company's own guidance.

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P/E ROE ROCE Margins Market cap

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Financials at a glance

Source: SEC XBRL

Annual

Quarterly · last 8

Revenue (FY2025)

$25.2B

Net margin

16.5%

ROE

22.0%

Revenue CAGR (2y)

+5.3%

Profit CAGR (2y)

+5.2%

Net profit (FY2025)

$4.2B

Ask MarketChacha about FCX

Get a cited, plain-English answer — the “why”, not just data. Finance research only, never buy/sell advice.

Why it moved

Sep 1, 2026
FCX fell ~4% with the broader market and mining sector on Sep 1 amid pressure on copper futures from a stronger dollar, rising Treasury yields, hawkish Fed commentary, and institutional profit-taking after elevated valuations; no company-specific catalyst or filing today.
source 1 ↗source 2 ↗· confidence: medium
Aug 4, 2026
FCX rose on positive sentiment from an upgraded copper and gold sales outlook, ongoing share buybacks, and a buy signal in copper/rare earth stocks amid rising metal demand.
source 1 ↗source 2 ↗· confidence: medium
Jul 22, 2026
FCX rose on a rebound in copper prices and optimism around long-term copper demand, particularly from AI data center buildout, alongside upbeat analyst commentary.
source 1 ↗source 2 ↗· confidence: high

Daily moves with the verified reason behind them. Education only — not investment advice.

Financials

Yearly

Period	Revenue	Net profit	Net margin	ROE
FY2025	$25.2B	$4.2B	16.5%	22.0%
FY2024	$25.2B	$4.4B	17.5%	25.0%
FY2023	$22.7B	$3.8B	16.5%	22.5%

Quarterly

Period	Revenue	Net profit	EPS	Net margin
2026Q2	$6.9B	$984.0M	0.68	14.2%
2026Q1	$6.3B	$1.4B	0.61	22.2%
2025Q3	$6.8B	$1.2B	0.46	18.3%
2025Q2	$7.5B	$772.0M	0.53	10.3%
2025Q1	$5.6B	$793.0M	0.24	14.2%
2024Q3	$6.7B	$1.2B	0.36	18.5%
2024Q2	$6.4B	$1.3B	0.42	20.0%
2024Q1	$6.2B	$1.2B	0.32	18.7%
2023Q3	$5.9B	$964.0M	0.31	16.4%
2023Q2	$5.9B	$731.0M	0.23	12.3%
2023Q1	$5.1B	$1.0B	0.46	20.5%

Figures as reported, in reporting currency. Source: SEC XBRL.

Filings & announcements

2026

10-Q filing
SEC8/6/2026
8-K — Results of operations, Reg FD disclosure, Exhibits
SEC7/23/2026material
8-K — Shareholder vote results
SEC6/10/2026material
8-K — Material agreement, Termination of agreement, Material financial obligation, Exhibits
SEC5/20/2026material
10-Q filing
SEC5/8/2026
8-K — Results of operations, Reg FD disclosure, Exhibits
SEC4/23/2026material
8-K — Executive/director change
SEC3/23/2026material
8-K/A — Other events, Exhibits
SEC2/27/2026
8-K — Other events, Exhibits
SEC2/24/2026material
10-K filing
SEC2/13/2026
8-K — Results of operations, Reg FD disclosure, Exhibits
SEC1/22/2026material
8-K filing
SEC1/16/2026material

2025

8-K — Reg FD disclosure, Other events, Exhibits
SEC11/18/2025material
10-Q filing
SEC11/6/2025
8-K — Results of operations, Reg FD disclosure, Exhibits
SEC10/23/2025material
8-K — Reg FD disclosure, Exhibits
SEC10/6/2025material
8-K — Reg FD disclosure, Exhibits
SEC9/24/2025material
8-K — Reg FD disclosure, Exhibits
SEC9/12/2025material
8-K filing
SEC9/10/2025material
8-K — Reg FD disclosure, Exhibits
SEC9/9/2025material
10-Q filing
SEC8/8/2025

In the news

Education and discussion only — not investment advice. Financials from official filings (SEC/BSE) and reported company statements; market figures (delayed market data) are delayed and shown for reference only. Verify with the linked sources before acting.