FREEPORT-MCMORAN INC
FCX · Metal Mining · 1.44B shares · -0%/yr ↓ buyback · EDGAR filings ↗
Reference price $63.00 · est. market cap ~$90.6B — last insider sale, 2026-02-20 (estimated from the dated SEC Form 4 price × shares outstanding — not a live quote)
Grade
B81Tier-one, scaled copper/molybdenum miner with world-class long-life assets and top-decile cash margins, tempered by commodity cyclicality.
Strengths
- Top-decile cash generation and profitability: ocf margin 22.3% (90th), operating margin 25.9% (89th)
- Dominant, durable asset base (Grasberg, Morenci, Cerro Verde) with multi-decade reserves; strong liquidity (cash $3.9B, 96th; current ratio 2.29)
Risks
- Inherent copper-price and geopolitical (Indonesia/Peru) cyclicality; weaker gross margin (26.1%, 38th pct)
- Capital-intensive growth (e.g. ~$3.5B Bagdad expansion) and water-rights litigation exposure
Notable findings
Quarterly revenue
Last 4 quarters · from SEC filings.
Key metrics
Gross margin
28.2%
Operating margin
25.2%
Net margin
16.0%
Return on equity
22.0%
Return on assets
7.1%
ROIC
18.5%
Revenue growth (QoQ)
11.0%
Net-income growth
-5.6%
Debt / equity
0.5×
Net debt / EBITDA
0.6×
Current ratio
2.3×
EBITDA
$8.8B
Tangible book value
$18.5B
Cash & investments
$3.9B
Stock comp / revenue
0.5%
Insider transactions · last 18 months
| Date | Insider | Type | Shares | Price |
|---|---|---|---|---|
| 2026-06-01 | Lance Ryan Michael | Grant | 2.8K | — |
| 2026-06-01 | ABNEY DAVID P | Grant | 2.8K | — |
| 2026-06-01 | GRANT HUGH | Grant | 2.8K | — |
| 2026-06-01 | STEPHENS JOHN JOSEPH | Grant | 2.8K | — |
| 2026-06-01 | KENNARD LYDIA H | Grant | 2.8K | — |
| 2026-06-01 | Lewis Sara Grootwassink | Grant | 2.8K | — |
| 2026-06-01 | TOWNSEND FRANCES F | Grant | 2.8K | — |
| 2026-06-01 | MCCOY DUSTAN E | Grant | 2.8K | — |
| 2026-06-01 | Donadio Marcela E | Grant | 2.8K | — |
| 2026-04-01 | GRANT HUGH | Grant | 574 | $58.78 |
| 2026-04-01 | STEPHENS JOHN JOSEPH | Grant | 350 | $58.78 |
| 2026-03-07 | ADKERSON RICHARD C | Gift | 28K | — |
| 2026-02-20 | Higgins Stephen T. | Sell | 30K | $63.00 |
| 2026-02-18 | Mikes Ellie L. | Sell | 11K | $62.03 |
| 2026-02-15 | Robertson Maree E. | Tax withheld | 10K | $62.84 |
| 2026-02-15 | Higgins Stephen T. | Tax withheld | 9.0K | $62.84 |
| 2026-02-15 | QUIRK KATHLEEN L | Tax withheld | 28K | $62.84 |
| 2026-02-15 | ADKERSON RICHARD C | Tax withheld | 25K | $62.84 |
| 2026-02-15 | Mikes Ellie L. | Tax withheld | 5.0K | $62.84 |
| 2026-02-15 | Currault Douglas N. II | Tax withheld | 8.2K | $62.84 |
| 2026-02-13 | Robertson Maree E. | Sell | 48K | $61.55 |
| 2026-02-11 | ADKERSON RICHARD C | Sell | 133K | $64.57 |
| 2026-02-11 | Currault Douglas N. II | Option exercise | 25K | $11.87 |
| 2026-02-11 | Currault Douglas N. II | Sell | 75K | $64.52 |
| 2026-02-11 | Currault Douglas N. II | Option exercise | 50K | $11.91 |
| 2026-02-11 | ADKERSON RICHARD C | Sell | 20K | $65.21 |
| 2026-02-10 | Robertson Maree E. | Grant | 17K | — |
| 2026-02-10 | ADKERSON RICHARD C | Sell | 248K | $62.80 |
| 2026-02-10 | Robertson Maree E. | Tax withheld | 8.7K | $60.67 |
| 2026-02-09 | QUIRK KATHLEEN L | Grant | 132K | — |
| 2026-02-09 | Currault Douglas N. II | Grant | 14K | — |
| 2026-02-09 | Currault Douglas N. II | Grant | 21K | — |
| 2026-02-09 | Currault Douglas N. II | Tax withheld | 6.3K | $60.67 |
| 2026-02-09 | QUIRK KATHLEEN L | Grant | 47K | — |
| 2026-02-09 | ADKERSON RICHARD C | Tax withheld | 95K | $60.67 |
| 2026-02-09 | ADKERSON RICHARD C | Grant | 248K | — |
| 2026-02-09 | Higgins Stephen T. | Grant | 16K | — |
| 2026-02-09 | Higgins Stephen T. | Grant | 23K | — |
| 2026-02-09 | Higgins Stephen T. | Tax withheld | 7.3K | $60.67 |
| 2026-02-09 | ADKERSON RICHARD C | Grant | 28K | — |
| 2026-02-09 | Robertson Maree E. | Grant | 27K | — |
| 2026-02-09 | Mikes Ellie L. | Grant | 18K | — |
| 2026-02-09 | QUIRK KATHLEEN L | Tax withheld | 53K | $60.67 |
| 2026-01-01 | GRANT HUGH | Grant | 664 | $50.79 |
| 2026-01-01 | STEPHENS JOHN JOSEPH | Grant | 406 | $50.79 |
| 2025-12-11 | Mikes Ellie L. | Sell | 9.6K | $47.66 |
| 2025-12-11 | Higgins Stephen T. | Sell | 28K | $47.99 |
| 2025-11-29 | ADKERSON RICHARD C | Gift | 29K | — |
| 2025-10-01 | GRANT HUGH | Grant | 860 | $39.22 |
| 2025-10-01 | STEPHENS JOHN JOSEPH | Grant | 525 | $39.22 |
| 2025-08-25 | ADKERSON RICHARD C | Gift | 26K | — |
| 2025-07-01 | STEPHENS JOHN JOSEPH | Grant | 475 | $43.35 |
| 2025-07-01 | GRANT HUGH | Grant | 778 | $43.35 |
| 2025-06-02 | Mikes Ellie L. | Sell | 8.6K | $40.02 |
| 2025-06-01 | Donadio Marcela E | Grant | 4.9K | — |
| 2025-06-01 | STEPHENS JOHN JOSEPH | Grant | 4.9K | — |
| 2025-06-01 | Dudley Robert W. | Grant | 4.9K | — |
| 2025-06-01 | Lewis Sara Grootwassink | Grant | 4.9K | — |
| 2025-06-01 | Lance Ryan Michael | Grant | 4.9K | — |
| 2025-06-01 | KENNARD LYDIA H | Grant | 4.9K | — |
| 2025-06-01 | TOWNSEND FRANCES F | Grant | 4.9K | — |
| 2025-06-01 | GRANT HUGH | Grant | 4.9K | — |
| 2025-06-01 | ABNEY DAVID P | Grant | 4.9K | — |
| 2025-06-01 | MCCOY DUSTAN E | Grant | 4.9K | — |
| 2025-05-12 | ADKERSON RICHARD C | Gift | 45K | — |
| 2025-04-01 | STEPHENS JOHN JOSEPH | Grant | 561 | $37.86 |
| 2025-04-01 | GRANT HUGH | Grant | 924 | $37.86 |
| 2025-02-15 | Mikes Ellie L. | Tax withheld | 4.7K | $39.47 |
| 2025-02-15 | Robertson Maree E. | Tax withheld | 12K | $39.47 |
| 2025-02-15 | Higgins Stephen T. | Tax withheld | 6.2K | $39.47 |
| 2025-02-15 | Currault Douglas N. II | Tax withheld | 5.1K | $39.47 |
| 2025-02-15 | ADKERSON RICHARD C | Tax withheld | 27K | $39.47 |
| 2025-02-15 | QUIRK KATHLEEN L | Tax withheld | 27K | $39.47 |
| 2025-02-11 | ADKERSON RICHARD C | Grant | 57K | — |
| 2025-02-11 | ADKERSON RICHARD C | Grant | 152K | — |
| 2025-02-11 | ADKERSON RICHARD C | Tax withheld | 56K | $38.46 |
| 2025-02-11 | Robertson Maree E. | Grant | 28K | — |
| 2025-02-11 | Robertson Maree E. | Grant | 14K | — |
| 2025-02-11 | Robertson Maree E. | Tax withheld | 4.8K | $38.46 |
| 2025-02-11 | Higgins Stephen T. | Grant | 26K | — |
| 2025-02-11 | Higgins Stephen T. | Grant | 13K | — |
| 2025-02-11 | Higgins Stephen T. | Tax withheld | 3.6K | $38.46 |
| 2025-02-11 | Mikes Ellie L. | Grant | 18K | — |
| 2025-02-11 | Currault Douglas N. II | Grant | 24K | — |
| 2025-02-11 | Currault Douglas N. II | Grant | 12K | — |
| 2025-02-11 | Currault Douglas N. II | Tax withheld | 3.2K | $38.46 |
| 2025-02-11 | QUIRK KATHLEEN L | Grant | 77K | — |
| 2025-02-11 | QUIRK KATHLEEN L | Grant | 89K | — |
| 2025-02-11 | QUIRK KATHLEEN L | Tax withheld | 33K | $38.46 |
| 2025-01-01 | STEPHENS JOHN JOSEPH | Grant | 525 | $38.08 |
| 2025-01-01 | GRANT HUGH | Grant | 853 | $38.08 |
All non-derivative Form 4 activity (SEC), newest first.
Notable events (8-K)
| Date | Items | |
|---|---|---|
| 2026-06-10 | Shareholder vote | filing ↗ |
| 2026-05-20 | Material agreement1.02Debt obligationExhibits | filing ↗ |
| 2026-04-23 | ResultsReg FDExhibits | filing ↗ |
| 2026-03-23 | Exec/director change | filing ↗ |
| 2026-02-27 | OtherExhibits | filing ↗ |
| 2026-02-24 | OtherExhibits | filing ↗ |
| 2026-01-22 | ResultsReg FDExhibits | filing ↗ |
| 2026-01-16 | 1.04 | filing ↗ |
Recent filings
| Form | Filed | Period | Accession |
|---|---|---|---|
| 8-K | 2026-06-10 | 2026-06-10 | 0000831259-26-000030 ↗ |
| 8-K | 2026-05-20 | 2026-05-14 | 0000831259-26-000027 ↗ |
| 10-Q | 2026-05-08 | 2026-03-31 | 0000831259-26-000025 ↗ |
| 8-K | 2026-04-23 | 2026-04-23 | 0000831259-26-000021 ↗ |
| 8-K | 2026-03-23 | 2026-03-20 | 0000831259-26-000018 ↗ |
| 8-K/A | 2026-02-27 | 2026-02-18 | 0000831259-26-000016 ↗ |
| 8-K | 2026-02-24 | 2026-02-18 | 0000831259-26-000014 ↗ |
| 10-K | 2026-02-13 | 2025-12-31 | 0000831259-26-000012 ↗ |
| 8-K | 2026-01-22 | 2026-01-22 | 0000831259-26-000006 ↗ |
| 8-K | 2026-01-16 | 2026-01-14 | 0000831259-26-000002 ↗ |
| 8-K | 2025-11-18 | 2025-11-18 | 0000831259-25-000052 ↗ |
| 10-Q | 2025-11-06 | 2025-09-30 | 0000831259-25-000050 ↗ |