Forensic Analysis · Other Metal Mining · as of Nov 9, 2026

Freeport-Mcmoran Inc (FCX)

A forensic read on Freeport-Mcmoran Inc built from its complete SEC filings — financial-health screens, earnings quality, red flags and a price-aware rating. Reproducible math, not opinion.

B · Sound & dependable

Forensic grade

Grey Zone

Financial health

2.4

Distress distance

Forensic signals

12.1%

ROE

1.8%

Revenue growth

This free snapshot doesn't read filing or proxy text, so the auditor-quality and governance checks that can lower a grade were not evaluated (auditor quality, say on pay, board independence, going concern). Those checks only ever lower a grade, so the full analysis can land below the grade above but never above it — treat it as the most favourable reading, not the settled one.

Freeport-Mcmoran Inc earns a B (Sound & dependable) forensic quality grade, and its balance-sheet distress test reads 2.4, placing it in the Grey zone. 1 forensic signal was flagged in its latest SEC filings, led by return on invested capital.

What the filings flag

9.0%

FY2025

Return on invested capital. Return on invested capital is 9.0% in the latest fiscal year and steady across FY2023–FY2025, inside a 1.1-point range. After-tax operating profit was $4.0B in FY2023 and $4.2B in FY2025, with operating income at 27.2% of revenue in FY2023, 27.0% in FY2024 and 25.2% in FY2025. The capital base behind it grew +10% across FY2023–FY2025, from $42.7B to $47.1B, while the return fell 0.5 points, so the dollars added over that window earned less than the 9.5% the older base was already earning.

Key fundamentals

Latest Revenue$25.91B

Revenue Growth YoY+1.8%

Revenue CAGR (2yr)+6.5%

Net Margin8.5%

Free Cash Flow$1.12B

Return on Equity12.1%

Debt / Equity0.50x

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Data from SEC EDGAR public filings · metrics as of Nov 9, 2026. Forensic signals flag probability, not certainty.

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