Question 1

What is Freeport-McMoRan's P/FCF ratio?

Accepted Answer

Freeport-McMoRan (FCX) P/FCF ratio is 14.7× as of June 5, 2026. The ratio is calculated by dividing market capitalisation by trailing twelve-month free cash flow, using USD-normalised financials (IAS 21 exchange-rate translation for non-USD reporters).

Question 2

How is the P/FCF ratio calculated?

Accepted Answer

P/FCF = Market Capitalisation ÷ Trailing Twelve-Month (TTM) Free Cash Flow, where Free Cash Flow = Operating Cash Flow − Capital Expenditures. All inputs are sourced from audited GAAP/IFRS filings and translated to USD using period-end exchange rates so the multiple is comparable across companies and currencies.

Question 3

What is the P/FCF ratio?

Accepted Answer

The price-to-free-cash-flow (P/FCF) ratio compares a company's market capitalisation to its trailing twelve-month (TTM) free cash flow. It is calculated as market cap ÷ TTM free cash flow, where free cash flow = operating cash flow − capital expenditures. Because FCF cannot be inflated by non-cash accounting items, P/FCF is often considered a cleaner measure of "earnings-power valuation" than P/E — especially for capital-intensive businesses where depreciation diverges from real cash outflows.

Question 4

What is a good P/FCF ratio for Freeport-McMoRan?

Accepted Answer

Mature companies that consistently convert profit into cash often trade at 15–25× P/FCF; capital-intensive businesses with lumpy capex typically trade lower. Compare against sector peers and against the company's own multi-year average — single-year P/FCF can be distorted by working-capital swings. For Freeport-McMoRan specifically, the relevant sector benchmark is the current sector median of 27.1×.

Question 5

Is Freeport-McMoRan's P/FCF ratio high or low?

Accepted Answer

Freeport-McMoRan's P/FCF ratio of 14.7× is below its own 5-year average of 41.6× and below the sector median of 27.1×. That places the current reading at the 30th percentile of its 10-year history. A higher multiple usually reflects stronger expected growth, lower perceived risk, or higher returns on capital; a lower multiple reflects the opposite.

Question 6

What is Freeport-McMoRan's historical P/FCF ratio range?

Accepted Answer

In the available daily series, Freeport-McMoRan (FCX) P/FCF ratio has ranged from a low of 5.0× in 2011 to a high of 166.3× in 2024. The 5-year average is 41.6× and the 5-year median is 19.2×.

Question 7

What was Freeport-McMoRan's P/FCF ratio in 2025?

Accepted Answer

Freeport-McMoRan (FCX) P/FCF ratio at the end of 2025 was 13.1×. Annual values reflect the multiple on the last trading day of each calendar year, using the trailing twelve-month free cash flow figure available at that date.

Question 8

Why does Freeport-McMoRan's P/FCF ratio change over time?

Accepted Answer

Valuation multiples move with two inputs: the numerator (market capitalisation, which tracks the share price) and the denominator (free cash flow). Share-price changes — driven by interest rates, earnings expectations, risk appetite, and broader market sentiment — typically dominate short-term moves, while changes in the underlying fundamental drive the longer-term trend. As a result, the ratio can rise during stock-price rallies even if the business itself has not become more valuable, and fall during sell-offs even when fundamentals are improving.


2025	$73.29B	$5.61B	13.1×	-10.2×	Dec 31, 2025
2024	$54.72B	$2.35B	23.3×	-110.9×	Dec 31, 2024
2023	$61.05B	$455.00M	134.2×	+101.6×	Dec 31, 2023
2022	$54.34B	$1.67B	32.5×	+21.7×	Dec 31, 2022
2021	$60.80B	$5.60B	10.9×	-25.1×	Dec 31, 2021
2020	$37.94B	$1.06B	35.9×	—	Dec 31, 2020
2019	$19.05B	−$1.17B	—	—	Dec 31, 2019
2018	$14.95B	$1.79B	8.3×	-0.1×	Dec 31, 2018
2017	$27.45B	$3.27B	8.4×	-11.8×	Dec 31, 2017
2016	$18.51B	$916.00M	20.2×	—	Dec 31, 2016
2015	$7.97B	−$3.13B	—	—	Dec 31, 2015
2014	$24.27B	−$1.58B	—	—	Dec 31, 2014
2013	$39.17B	$794.00M	49.3×	-66.6×	Dec 31, 2013
2012	$32.46B	$280.00M	115.9×	+107.6×	Dec 31, 2012
2011	$34.84B	$4.19B	8.3×	-3.3×	Dec 31, 2011
2010	$56.57B	$4.86B	11.6×	-0.7×	Dec 31, 2010
2009	$34.60B	$2.81B	12.3×	-2.5×	Dec 31, 2009
2008	$9.78B	$662.00M	14.8×	+6.0×	Dec 31, 2008
2007	$39.23B	$4.47B	8.8×	+1.3×	Dec 31, 2007
2006	$12.08B	$1.62B	7.5×	+0.4×	Dec 31, 2006
2005	$9.98B	$1.41B	7.1×	-27.0×	Dec 31, 2005
2004	$6.83B	$200.36M	34.1×	+14.8×	Dec 31, 2004
2003	$8.34B	$432.89M	19.3×	+11.8×	Dec 31, 2003
2002	$2.43B	$324.73M	7.5×	+1.8×	Dec 31, 2002
2001	$1.93B	$342.01M	5.6×	—	Dec 31, 2001


Nucor (NUE)	74.2×
Air Products and Chemicals (APD)	58.4×
International Flavors & Fragrances (IFF)	46.4×
Linde (LIN)	45.1×
Ecolab (ECL)	40.1×
Steel Dynamics (STLD)	39.2×
Albemarle (ALB)	36.7×
Martin Marietta Materials (MLM)	34.3×
Weyerhaeuser (WY)	34.1×
Southern Copper (SCCO)	33.1×
Vulcan Materials (VMC)	32.2×
Corteva (CTVA)	27.5×
Sherwin-Williams (SHW)	27.1×
RPM International (RPM)	25.2×
H.B. Fuller (FUL)	24.7×
CRH (CRH)	24.4×
Agnico Eagle Mines (AEM)	22.3×
PPG Industries (PPG)	19.5×
Eastman Chemical (EMN)	17.5×
DuPont de Nemours (DD)	17.0×
Avient (AVNT)	16.2×
CF Industries Holdings (CF)	12.4×
Newmont (NEM)	9.6×
LyondellBasell (LYB)	9.3×
Ashland (ASH)	7.6×

P/FCF Ratio for Freeport-McMoRan (FCX)

P/FCF Ratio daily chart for Freeport-McMoRan (FCX)

Historical P/FCF Ratio for Freeport-McMoRan (FCX) from 2001 to 2025

About P/FCF Ratio at Freeport-McMoRan (FCX)

Freeport-McMoRan P/FCF Ratio by Year

Freeport-McMoRan P/FCF Ratio 2025: 13.1×

Freeport-McMoRan P/FCF Ratio 2024: 23.3×

Freeport-McMoRan P/FCF Ratio 2023: 134.2×

Freeport-McMoRan P/FCF Ratio 2022: 32.5×

Freeport-McMoRan P/FCF Ratio 2021: 10.9×

Sector peers by P/FCF Ratio — chart

Sector peers by P/FCF Ratio — table

Frequently asked questions

Freeport-McMoRan (FCX) Key Financials

P/FCF Ratio daily chart for Freeport-McMoRan (FCX)

Historical P/FCF Ratio for Freeport-McMoRan (FCX) from 2001 to 2025

About P/FCF Ratio at Freeport-McMoRan (FCX)

Freeport-McMoRan P/FCF Ratio by Year

Freeport-McMoRan P/FCF Ratio 2025: 13.1×

Freeport-McMoRan P/FCF Ratio 2024: 23.3×

Freeport-McMoRan P/FCF Ratio 2023: 134.2×

Freeport-McMoRan P/FCF Ratio 2022: 32.5×

Freeport-McMoRan P/FCF Ratio 2021: 10.9×

Sector peers by P/FCF Ratio — chart

Sector peers by P/FCF Ratio — table

Frequently asked questions

+What is Freeport-McMoRan's P/FCF ratio?

+How is the P/FCF ratio calculated?

+What is the P/FCF ratio?

+What is a good P/FCF ratio for Freeport-McMoRan?

+Is Freeport-McMoRan's P/FCF ratio high or low?

+What is Freeport-McMoRan's historical P/FCF ratio range?

+What was Freeport-McMoRan's P/FCF ratio in 2025?

+Why does Freeport-McMoRan's P/FCF ratio change over time?

Freeport-McMoRan (FCX) Key Financials