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Freeport-McMoRan FCX

Freeport-McMoRan scores average on business quality (5.6 of 10). Here is why, in plain words, and what our sealed record shows.

Last price$73.69Oct 9, 2026
Business qualityAverage
Next earningsOct 27, 2026
Insiders, 90 daysSelling

Why it matters

  1. What Freeport-McMoRan does

    Freeport-McMoRan mines copper, gold, and molybdenum, selling to industrial fabricators globally. Its primary segment is large-scale open-pit mining, generating revenue from essential transition metals.

  2. What it does best

    Freeport mines massive copper volumes from elite tier-one assets like Grasberg. It runs an operating margin of 23.9%, vastly outperforming typical miners through sheer scale.

  3. The main risk

    Geopolitical friction and trade tensions between the U.S. and China threaten the hardware and industrial demand base that absorbs its copper output.

Quality, check by check

Scored against its own industry, from company filings.

ProfitabilityFair

Operating margin lands at 23.9% and FCF margin sits at 8.9%, reflecting stable copper conversion. The business gains moderate profit lift as volume scales.

MoatFair

Hard-asset scale and scarce tier-one ore bodies lock out new entrants, backed by an operating margin ranking in the 87th sector percentile.

GrowthSlow

Revenue grew just 1.8% to $25.9B, marking a sluggish pace compared to historical multi-year expansions as output remains constrained.

Financial healthStrong

Total debt sits at $9.4 billion with interest coverage at 14.5x, keeping debt servicing manageable. Free cash flow reached $2.3B, showing a softer trend versus prior years.

Insiders

Executives and directors, from SEC Form 4 filings we read ourselves. Open market trades only; grants, option exercises and pre-planned sales left out.

4 sold $8.4M outside pre-planned sales.

Our sealed record on FCX

Verdicts appear here 30 days after we publish them; members see today's. Each one is in the nightly ledger, fingerprinted the night it was made.

The first sealed verdicts appear here on Oct 11, 2026.

Questions

Is FCX a good business?

Freeport-McMoRan scores average on the Cluenex quality check (5.6 of 10), measured against its own industry. Profitability is fair, moat fair, growth slow and financial health strong.

Are insiders buying FCX?

In the last 90 days of SEC Form 4 filings: 4 sold $8.4M outside pre-planned sales.

When does FCX report earnings?

Oct 27, 2026.

For members

See FCX today

  • Today's verdict on FCX, and why
  • Fair value with cautious, base and optimistic cases
  • The exact price that would change the verdict
  • Which stocks each signal names, the night it fires
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Cite this page: Cluenex, “Freeport-McMoRan (FCX)”, https://cluenex.com/stocks/fcx/, data as of Oct 10, 2026.