FCX
Freeport-McMoRanPrevious close
62.47
Change
−3.67 / −5.55%
P/E (TTM) ?
30.5
Market Cap
$89.3B
1M
−10.76%
S&P 500 −0.91% over same period
Volume / Avg Volume
17.9M / 10.5M
1.71× average
Latest earnings analysisFY2026 Q2Reported 2026-07-23
Freeport-McMoRan Q2 2026: EPS beats, revenue falls 8.8%
Freeport beat the $0.596 consensus EPS with $0.68 GAAP and $0.74 adjusted, and net income rose 27.5% to $984 million, even as revenue fell 8.8% to $6.92 billion. Read this quarter as a price story with a volume hole: copper realized at $6.17 per pound did the work while Grasberg output stayed suppressed. The recovery timetable, not the quarter, is the real question.
Read the full analysis →Revenue$6.92BYoY −8.80%
EPS (non-GAAP)$0.74Beatest. $0.60
Next-day move−1.42%
Recent Earnings
Click to read the FinDog analysis| Period | Reported | Revenue | Analysis |
|---|---|---|---|
| FY2026 Q2 Quarter ended 2026-06 | 2026-07-23 | $6.9B | Read analysis → |
| FY2026 Q1 Quarter ended 2026-03 | 2026-04-23 | $6.3B | Pending |
| FY2025 Q4 Quarter ended 2025-12 | 2026-01-22 | $25.2B | Pending |
| FY2025 Q3 Quarter ended 2025-09 | 2025-10-23 | $6.8B | Pending |
| FY2025 Q2 Quarter ended 2025-06 | 2025-07-23 | $7.5B | Pending |
| FY2025 Q1 Quarter ended 2025-03 | 2025-04-24 | $5.6B | Pending |
Decision Panel
Trends · Valuation · Earnings reaction · Guidance credibility — all from company filings and market dataValuation
P/E is at percentile 38 of its 5-year rangeMid-range
5-year range 25.7 – 40.1 · Median 31.9
Last 4 quarters: $203M in buybacks + $866M in dividends, 1.20% of market cap combined
P/E (TTM)
30.5
P/B
4.3
P/S
3.5
Dividend Yield
0.81%
Earnings Reaction
Over the last 6 reports, the stock moved ±1.1% on average on the first trading day after, rising 2 times
Most recent −1.42%
Volatility & Correlation
1-year beta 2.37 · Correlation with S&P 500 0.61High beta
Annualized volatility 48% vs. 12% for the S&P 500
Insider Trading
View all →Last 90 days · Open-market buys and sells by officers and directors · Amounts in USD millions
Buy 0 · $0.00MSell 5 · $8.4MNet selling $8.4M
- 08-27KENNARD LYDIA HDirectorSell$0.30M3,798 shares · Avg price 79.11
- 08-25Currault Douglas N. IIEVP & General CounselSell$6.3M80,000 shares · Avg price 78.56
- 08-05Higgins Stephen T.EVP & CAOSell$0.99M14,277 shares · Avg price 69.50
- 08-05Mikes Ellie L.Chief Accounting OfficerSell$0.33M4,773 shares · Avg price 70.00
- 07-30Higgins Stephen T.EVP & CAOSell$0.48M7,550 shares · Avg price 63.00
Multi-Quarter Financial Trends
View all quarters →Last 12 quarters · As reported by the company
| Quarter | Revenue ($B) | YoY | Gross Margin | Net Income ($B) | EPS |
|---|---|---|---|---|---|
| FY2026 Q2 | 6.92 | −8.1% | 30.0% | 0.98 | 0.68 |
| FY2026 Q1 | 6.25 | +12.2% | 26.8% | — | 0.61 |
| FY2025 Q4 | 5.27 | −10.4% | 12.4% | 1.43 | — |
| FY2025 Q3 | 6.82 | +2.1% | 29.2% | — | 0.46 |
| FY2025 Q2 | 7.53 | +17.6% | 34.2% | 0.77 | 0.53 |
| FY2025 Q1 | 5.57 | −10.3% | 24.3% | — | 0.24 |
| FY2024 Q4 | 5.88 | +1.4% | 27.0% | 1.89 | — |
| FY2024 Q3 | 6.68 | +13.9% | 30.0% | — | 0.36 |
| FY2024 Q2 | 6.40 | +7.9% | 31.5% | — | 0.42 |
| FY2024 Q1 | 6.21 | +21.4% | 28.5% | — | 0.32 |
| FY2023 Q4 | 5.80 | +6.7% | 31.9% | 1.85 | — |
| FY2023 Q3 | 5.86 | +10.5% | 30.3% | — | 0.31 |
| Ticker | P/E | Revenue YoY | Gross Margin | 1M | View |
|---|---|---|---|---|---|
| FCX | 30.5 | −8.1% | 30.0% | −10.76% | Bullish |
| LIN | 32.0 | +9.2% | — | +8.34% | Bullish |
| NEM | 12.5 | +15.2% | — | −7.57% | Bullish |
| ECL | 41.0 | +12.7% | 44.1% | +10.34% | Bullish |
| SHW | 29.9 | +7.9% | 47.8% | +2.89% | Bullish |
| APD | — | +4.6% | 32.8% | +13.73% | Neutral |
| NUE | 17.1 | +23.0% | 19.6% | +17.16% | Bullish |
| CRH | 15.6 | +3.0% | 38.8% | +9.67% | Bullish |
| MLM | 15.5 | +21.0% | 25.4% | +12.63% | Neutral |