What is the 13F Pro Quality Score for FCX?

13F Pro ranks FREEPORT-MCMORAN INC (FCX) on the 13F Pro Quality Score, a 0–100 composite of 32 fundamental signals including return on invested capital, free cash flow consistency, balance-sheet strength, earnings quality, growth durability, and valuation discipline. The score refreshes after each 10-K and 10-Q filing on SEC EDGAR. View FCX's current score at https://13fpro.ai/research/FCX (free sign-up required for the full ranking).

Which hedge funds own the most FCX stock?

Based on the most recent Form 13F-HR filings on SEC EDGAR, the largest reported institutional holders of FCX include BlackRock,, VANGUARD CAPITAL MANAGEMENT, Fisher Asset Management,. Holdings are reported quarterly within 45 days of quarter-end and updated on https://13fpro.ai/research/FCX as soon as new 13F filings post.

Where does 13F Pro source FCX data?

All FREEPORT-MCMORAN INC fundamentals and ownership data come directly from SEC EDGAR. FREEPORT-MCMORAN INC files with the SEC under CIK 831259. 13F Pro ingests XBRL financial facts from 10-K and 10-Q filings, Form 13F-HR institutional holdings, and Form 4 insider transactions, with no third-party rewrites or estimates.

What sector is FCX in?

FREEPORT-MCMORAN INC (FCX) is classified in the Materials sector. 13F Pro publishes sector-level fund flow analysis and quality leaders at https://13fpro.ai/research/sector/materials.

What drives FCX's revenue?

Per FREEPORT-MCMORAN INC's latest 10-Q filed with the SEC on 2026-05-08, the biggest revenue drivers are: Copper sales ($3.8B, -6% YoY (lower volumes offset by +30% pr); Gold sales ($0.6B, +59% YoY (price-driven)); Atlantic Copper and other ($1.0B, +28% YoY). Figures are extracted from the filing text and machine-verified against the document. Full breakdown at https://13fpro.ai/research/FCX.

What are FCX's largest expenses?

FREEPORT-MCMORAN INC's latest 10-Q reports these as the largest expense items: Production and delivery costs ($4.1B, +8.9% YoY); Depreciation, depletion and amortization ($514M, +10.3% YoY). Sourced directly from SEC EDGAR filing text for Q1 2026 (quarter ended March 31, 2026).

How often is FCX research updated on 13F Pro?

FCX's fundamentals refresh within hours of each new 10-K or 10-Q filing on SEC EDGAR. Institutional ownership updates after each quarterly 13F filing window. Insider transactions update after each Form 4 filing. The 13F Pro Quality Score recalculates after every fundamentals refresh.

FREEPORT-MCMORAN INC(FCX)Stock Analysis

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13F Pro Quality Score

73.1/100

Rank #206 of 2,879 stocksTOP 10%

View Materials peers →

Rankings refresh quarterly once 80% of peers have filed (~45 days after quarter-end). Next update: ~Aug 14, 2026.

Revenue Growth

55.5/100

Profitability

82.8/100

Balance Sheet

83.2/100

Earnings Quality

59.0/100

Free Cash Flow

56.8/100

Institutional Flow

68.6/100

Revenue Scale

94.7/100

Dilution Risk

76.4/100

FCX Stock Analysis & AI Quality Score

AI stock analysis and institutional research for FREEPORT-MCMORAN INC (FCX), a Materials sector company. 13F Pro's AI-powered ranking engine scores FCX at 73.1/100 on a 32-signal composite quality model, placing it at rank #206 of 2,879 stocks — the top 10% of the AI-ranked universe. FCX scores in the top quartile across revenue scale (94.7), balance sheet strength (83.2), profitability (82.8). Based on the latest XBRL financial filings (Q1 2026), FREEPORT-MCMORAN INC reports quarterly revenue of $6.2B, net income of $1.4B, free cash flow of $522.0M. Top institutional holders of FCX by reported 13-F value include BlackRock,, VANGUARD CAPITAL MANAGEMENT, Fisher Asset Management,, based on the most recent SEC filings. FCX trades on the NYSE exchange and files with the SEC under CIK 831259. 13F Pro's AI research platform runs 10 specialized AI analysts — value, growth, momentum, macro, and activist specialists — that debate FCX daily and publish AI-generated analysis with cited SEC sources. The platform aggregates historical XBRL financial facts, 10-Q and 10-K filings, insider Form 4 transactions, and institutional 13-F holdings for FREEPORT-MCMORAN INC directly from SEC EDGAR. FREEPORT-MCMORAN INC's 13F Pro composite quality score has ranged between 8 and 81 since 2021, currently 73.1 — an improving long-term trajectory across 56 quarterly and live scoring snapshots.

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Fun facts about FREEPORT-MCMORAN INC

Quirks, history, and lore behind FCX — the kind of stuff that makes a stock memorable.

1
The Basics
U.S. materials company · large-cap · listed on the NYSE · headquartered in Arizona.
2
The Numbers
Annual revenue in the range of $20–25 billion, highly sensitive to commodity prices — when the metal market sneezes, this stock catches a very bad cold.
3
The History
Its roots trace back to a Louisiana oil and gas company founded in the late 1980s that pivoted hard into mining through a landmark merger in the 2000s.
4
The Secret
It operates one of the largest open-pit copper mines on Earth — the Grasberg deposit in Indonesia — a logistical and geopolitical saga unto itself.
5
The Lore
The Grasberg mine sits in the remote Papua highlands and required building an entire town and a tramway to access it — mining as extreme sport.
6
The Giveaway
The world's largest publicly traded copper producer, with massive operations in the Americas and Indonesia — and a two-part hyphenated name that sounds like two law firms shaking hands.

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What's Driving FCX's Business? Latest 10-Q Breakdown

AI-extracted from FREEPORT-MCMORAN INC's 10-Q filed 2026-05-08 — Q1 2026 (quarter ended March 31, 2026). Every figure is machine-verified against the filing text on SEC EDGAR.

Q1 net income of $881M driven by 30% higher copper prices and $699M insurance settlement from Indonesia mud rush, partially offset by 24% lower copper sales from PTFI's operational suspension.

Biggest Revenue Drivers

Total revenue: $6.2B+8.8% YoY

Copper sales$3.8B-6% YoY (lower volumes offset by +30% pr

Lower sales volumes from PTFI following Mud Rush Incident, offset by higher average realized prices

Gold sales$0.6B+59% YoY (price-driven)

Higher average realized prices partly offset by lower PTFI sales volumes

Atlantic Copper and other$1.0B+28% YoY

Higher copper prices, partly offset by lower copper sales volumes

Molybdenum sales$0.6B+39% YoY

Higher average realized prices and higher by-product credits

Largest Expense Items

Production and delivery costs$4.1B+8.9% YoY

Includes $406M of idle facility and restoration costs at PTFI related to Mud Rush Incident

Depreciation, depletion and amortization$514M+10.3% YoY

Includes $93M of non-inventoriable idle facility costs; higher depreciation from assets placed in service in 2025

Margins: Operating margin improved to 34% in Q1 2026 from 23% in Q1 2025, driven by higher copper and gold prices offsetting lower sales volumes and $499M in Mud Rush Incident costs, which were partially recovered through a $699M insurance settlement.

Watch Items from the Filing

Indonesia operations (Grasberg Block Cave) severely impacted by September 2025 mud rush incident; Q1 copper production fell 68% to 95M lbs and gold production dropped 68% to 92k oz. Full ramp-up delayed to end of 2027, with near-term production capped at ~60% capacity due to ore loading system modifications.
PTFI's life-of-resource operating rights extension beyond 2041 is subject to Indonesia government approval of amended mining license (IUPK) and completion of definitive agreements; no guarantee these will be approved on current terms.
Consolidated 2026 projected cash operating flows of $8.7B exceed capital expenditures of $4.3B, with $2.4B net debt (excluding $3.2B downstream processing facility debt) well within $3B–$4B target, providing strong liquidity and flexibility for shareholder returns.
Unit net cash costs for copper expected to rise to $1.95/lb in 2026 (from $1.91/lb in Q1) due to revised lower PTFI volumes and higher energy and consumable costs following Middle East conflict; idle facility costs projected at $1.3B for year.
Company investigating whether PT Smelting (66%-owned joint venture) violated FCPA and other laws; SEC notified March 17, 2026 it does not intend to pursue enforcement, but investigation outcome and potential fines remain uncertain.

AI-extracted and verified against SEC EDGAR filing text. Not investment advice.

Read the full 10-Q on SEC EDGAR →Share on X

Revenue

Q1 2026

$6.2B

Net Income

Q1 2026

$1.4B

Free Cash Flow

Q1 2026

$522.0M

ROIC

Q1 2026

7.4%

D/E Ratio

Q1 2026

0.51

Revenue & Net Income

Earnings Per Share

Key Financials Over Time

Export Financial Table · Pro+

Revenue

+1.8% YoY

$25.91BFY 2025

FY22 $22.78BFY23 $22.86BFY24 $25.45BFY25 $25.91B

Net Income

+16.7% YoY

$2.20BFY 2025

FY22 $3.47BFY23 $1.85BFY24 $1.89BFY25 $2.20B

Operating Income

-5.0% YoY

$6.52BFY 2025

FY22 $7.04BFY23 $6.22BFY24 $6.86BFY25 $6.52B

EPS (Diluted)

—FY 2025

FY22 —FY23 —FY24 —FY25 —

Total Assets

+6.1% YoY

$58.17BFY 2025

FY22 $51.09BFY23 $52.51BFY24 $54.85BFY25 $58.17B

Total Debt

+9.5% YoY

$9.85BFY 2025

FY22 $11.66BFY23 $10.19BFY24 $8.99BFY25 $9.85B

Op. Cash Flow

-21.6% YoY

$5.61BFY 2025

FY22 $5.14BFY23 $5.28BFY24 $7.16BFY25 $5.61B

Metric	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Revenue	$25.91B +1.8%	$25.45B +11.4%	$22.86B +0.3%	$22.78B -0.3%	$22.84B +60.9%	$14.20B
Net Income	$2.20B +16.7%	$1.89B +2.2%	$1.85B -46.7%	$3.47B -19.5%	$4.31B	—
Operating Income	$6.52B -5.0%	$6.86B +10.3%	$6.22B -11.5%	$7.04B -15.9%	$8.37B +243.3%	$2.44B
EPS (Diluted)	—	—	—	—	$2.90 +607.3%	$0.41
Total Assets	$58.17B +6.1%	$54.85B +4.5%	$52.51B +2.8%	$51.09B +6.4%	$48.02B +13.9%	$42.14B
Total Debt	$9.85B +9.5%	$8.99B -11.8%	$10.19B -12.6%	$11.66B +18.7%	$9.82B +0.8%	$9.74B
Operating Cash Flow	$5.61B -21.6%	$7.16B +35.6%	$5.28B +2.7%	$5.14B -33.4%	$7.71B +155.7%	$3.02B

AI Insight: FCX Financial Trends

FCX revenue collapsed 40% from Q4 2025 to Q1 2026, dragging operating income and cash flow lower despite modest debt reduction.

• Q4 2025 revenue dropped to $5,633M from $6,972M in Q3 2025; Q1 2026 rebounded only to $6,234M, well below prior-year Q1 2025 at $5,728M shows volatile demand.

• Operating income fell 59% to $811M in Q4 2025, recovered to $2,137M in Q1 2026, signaling margin compression amid commodity price volatility.

• Total debt rose from $8,989M in Q4 2024 to $9,914M in Q1 2026, while equity expanded 12% to $19,505M, reducing leverage ratio modestly.

⚠ Operating cash flow hit cycle low of $693M in Q4 2025; Q1 2026 recovery to $1,495M remains 23% below Q2 2025 peak, signaling working-capital stress.

⚠ Debt/equity ratio tightened from 0.59 to 0.51 year-over-year, but absolute debt level remains elevated; monitor commodity price stabilization.

AI Insight: FCX Ratio Trends

Operating margin rebounded sharply to 34.3% in Q1 2026 after Q4 2025 trough, but ROIC volatility and a weak prior quarter signal cyclical headwinds in the business.

• OpMargin recovered to 34.3% in Q1 2026 from 14.4% in Q4 2025, highest in two years; ROIC rebounded to 29.1% from 11.3%.

• Debt-to-equity stable around 0.51 since Q4 2024, down from 0.60 in Q3 2024; leverage remained controlled through volatility.

• TTM ROIC of 25.0% represents 4.7pp decline from Q2 2024 peak of 29.7%, reflecting recent quarter weakness.

⚠ Q4 2025 saw OpMargin and ROIC collapse to 14.4% and 11.3% respectively—sharp single-quarter deterioration requires explanation.

⚠ ROIC has swung 24.2pp (from 11.3% to 35.4%) within nine months; cyclical volatility complicates returns assessment.

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Available Research

13F Pro tracks comprehensive data for FREEPORT-MCMORAN INC including:

SEC EDGAR filings (10-K, 10-Q, 8-K)

XBRL financial facts (revenue, EPS, margins)

Insider transactions (Form 4)

Institutional 13F holdings

Quality rankings (32 signals)

AI analyst debates & daily meetings

Historical financial trends

Peer comparison & sector analysis

Top Institutional Holders of FCX

BlackRock, Inc.
$7.4B125,871,028 sh
VANGUARD CAPITAL MANAGEMENT LLC
$5.5B93,403,193 sh
Fisher Asset Management, LLC
$3.8B65,089,606 sh
STATE STREET CORP
$3.8B64,185,008 sh
BANK OF AMERICA CORP /DE/
$2.5B42,345,502 sh
Capital Research Global Investors
$2.4B40,841,930 sh
FRANKLIN RESOURCES INC
$2.1B35,318,777 sh
GEODE CAPITAL MANAGEMENT, LLC
$1.9B32,282,535 sh
MORGAN STANLEY
$1.5B26,227,652 sh
VANGUARD PORTFOLIO MANAGEMENT LLC
$1.4B23,633,348 sh

Fund	Value	Shares
BlackRock, Inc.	$7.4B	125,871,028
VANGUARD CAPITAL MANAGEMENT LLC	$5.5B	93,403,193
Fisher Asset Management, LLC	$3.8B	65,089,606
STATE STREET CORP	$3.8B	64,185,008
BANK OF AMERICA CORP /DE/	$2.5B	42,345,502
Capital Research Global Investors	$2.4B	40,841,930
FRANKLIN RESOURCES INC	$2.1B	35,318,777
GEODE CAPITAL MANAGEMENT, LLC	$1.9B	32,282,535
MORGAN STANLEY	$1.5B	26,227,652
VANGUARD PORTFOLIO MANAGEMENT LLC	$1.4B	23,633,348

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Is FCX a good stock to buy?

13F Pro's AI-powered analysis of FREEPORT-MCMORAN INC (FCX) draws on SEC EDGAR-sourced fundamentals, institutional 13F holdings, and insider Form 4 transactions in the Materials sector (listed on NYSE). The 32-signal AI Quality Score, current rank, and full bull/bear verdict for FCX are available on the FCX stock profile dashboard — with the same data, AI insights, ratios, and institutional activity refreshed after every 10-K, 10-Q, 13F, and Form 4 filing.

Which hedge funds own FCX?

Institutional investors are required to disclose their holdings quarterly via SEC Form 13F. 13F Pro aggregates these filings to show which hedge funds, mutual funds, and asset managers are buying or selling FCX. Combined with insider transaction data from Form 4 filings and AI-powered analysis from 10 specialized research agents, 13F Pro provides a comprehensive view of FREEPORT-MCMORAN INC's investment landscape.