FCX vs AEM Stock Comparison

Freeport-Mcmoran and Agnico Eagle Mines Prices as of Oct 23, 2026 Peers: Industry group
FCX Freeport-Mcmoran Inc
$65.22 -10.2% 1M +58.2% 1Y
Market cap
$93.79B
P/E
31.8x
Revenue (TTM)
$25.87B
Div. yield
0.01%
Copper Basic Materials
3 wins
AEM Agnico Eagle Mines Ltd
$173.89 -11.1% 1M +5.6% 1Y
Market cap
$88.25B
P/E
15.0x
Revenue (TTM)
$14.53B
Div. yield
–
Gold Basic Materials
8 wins

Head to Head

11 decided of 12

Agnico Eagle Mines leads on 8 of the 12 questions below (Agnico Eagle Mines 8, Freeport-Mcmoran 3). Which ones matter depends on what you are buying for; a cheap multiple and slow growth often come together.

QuestionFCXAEMLeader
Larger companyMarket capitalisation $93.79B $88.25B FCX
Cheaper on earningsLower P/E, profitable companies only 31.8x 15.0x AEM
Cheaper on forward earningsLower price / next fiscal year consensus EPS 21.1x 15.9x AEM
Faster revenue growthRevenue growth, trailing twelve months +0.2% +50.3% AEM
More profitableNet margin, trailing twelve months 11.4% 40.4% AEM
Better return on capitalReturn on invested capital 11.6% 23.3% AEM
Less leveragedLower net debt / EBITDA 0.6x -0.3x AEM
Higher dividend yieldTrailing dividend yield 0.01% 0.00% –
Better 1-year returnPrice return, last 12 months +58.2% +5.6% FCX
Better 5-year returnAnnualised price return, 5 years +11.6%/yr +25.0%/yr AEM
Less volatileAnnualised volatility, 1 year 48.0% 48.3% FCX
Higher overall scoreMean of the five percentile scores vs peers 48/100 78/100 AEM

Percentile Scorecard

FCXAEM

Each axis is the mean percentile of its metrics against the company's industry group. 100 is the best in the group, 50 the middle.

Scores by Axis

AxisFCXAEM
Valuation 57 #71 of 162 66 #56 of 162
Growth 50 #74 of 147 75 #38 of 147
Profitability 69 #39 of 122 95 #7 of 122
Financial Health 29 #119 of 166 77 #39 of 166
Shareholder Returns 39 #66 of 107 79 #23 of 107
Overall 48 78
  • FCX ranked among 176 companies in Metals and Mining
  • AEM ranked among 176 companies in Metals and Mining

Price Performance

Price return, split-adjusted, before dividends. Click a name to hide or show it.

Returns

PeriodFCXAEMSPY
1 month -10.2%-11.1% -1.0%
3 months +4.2%+19.8% +2.9%
6 months +6.8%-13.2% +6.4%
Year to date +28.4%+2.6% +11.4%
1 year +58.2%+5.6% +13.1%
3 years +89.5%+251.7% +79.4%
3 years, per year +23.8%+52.1% +21.5%
5 years +73.1%+204.4% +67.7%
5 years, per year +11.6%+25.0% +10.9%
10 years +549.6%+254.5% +255.2%
10 years, per year +20.6%+13.5% +13.5%

Risk

MeasureFCXAEMSPY
Volatility, 1Y 48.0%48.3% 12.7%
Downside volatility, 1Y 50.4%51.1% 12.7%
Beta vs S&P 500, 1Y 2.191.67 1.00
Return / volatility, 1Y 1.210.12 1.03
Max drawdown, 5Y -51.7%-45.9% -25.4%
From 52-week high -18.4%-31.0% -2.5%
52-week high $79.91$252.19 $779.14
52-week low $38.65$136.36 $631.97

Valuation History

Weekly multiples on trailing twelve-month fundamentals. Negative or extreme readings (a loss year, a collapsed denominator) are left out so the chart stays readable.

MultipleFCXAEM
P/E now vs peer median 31.8xmedian 12.7x 14.9xmedian 12.7x
P/S now vs peer median 3.6xmedian 3.1x 6.0xmedian 3.1x
EV/EBITDA now vs peer median 10.9xmedian 6.9x 7.4xmedian 6.9x
P/FCF now vs peer median 53.2xmedian 15.1x 16.0xmedian 15.1x
P/B now vs peer median 2.9xmedian 2.1x 3.0xmedian 2.1x
PEG now vs peer median 2.70median 0.27 0.52median 0.27

Financial History

Reported figures by fiscal period, placed on the calendar year (or quarter) each period ended in, so companies with different fiscal years line up.

Trailing twelve monthsFCXAEM
Revenue $25.87B $14.53B
Gross profit $7.00B $9.99B
Operating income $6.92B $9.64B
Net income $4.59B $5.87B
Free cash flow $1.76B $5.43B
R&D $198.00M $226.87M
EPS (diluted) $2.04 $11.67
Cash & equivalents $4.08B $3.46B
Total debt $9.39B $785.64M
Shares (diluted) 1.44B 503.43M
Enterprise value $77.83B $77.88B

All Metrics

58 metrics · best in bold

Bold marks the best reading: the lowest positive value for multiples, leverage and payout, the highest for everything else. The bar under each value is its percentile against that company's own peers. Hover a value for its rank and the peer median.

Valuation

12 metrics
MetricFCXAEM
P/E 31.8x 14.9x
P/FCF 53.2x 16.0x
P/Operating cash flow 15.9x 11.7x
P/S 3.6x 6.0x
P/B 2.9x 3.0x
P/Tangible book 2.9x 3.0x
EV/EBITDA 10.9x 7.4x
EV/EBIT 14.3x 8.7x
EV/Revenue 3.8x 5.8x
EV/FCF 56.2x 15.4x
EV/Operating cash flow 16.8x 11.3x
PEG (3Y EPS CAGR) 2.70 0.52

Growth

14 metrics
MetricFCXAEM
Revenue growth (1Y) 0.2% 50.3%
Revenue CAGR (3Y) 5.7% 33.8%
Gross profit growth (1Y) -8.8% 72.8%
Gross profit CAGR (3Y) 3.5% 44.0%
Operating income growth (1Y) 0.1% 49.1%
Operating income CAGR (3Y) 8.0% 42.3%
Net income growth (1Y) 6.8% 98.5%
Net income CAGR (3Y) 11.4% 34.7%
EPS growth (1Y) 53.1% 97.4%
EPS CAGR (3Y) 11.8% 28.7%
Operating cash flow growth (1Y) -10.1% 45.3%
Operating cash flow CAGR (3Y) 9.0% 47.2%
Free cash flow growth (1Y) 4.3% 55.8%
Free cash flow CAGR (3Y) 66.3% 11.0%

Profitability

14 metrics
MetricFCXAEM
Gross margin 27.1% 68.8%
EBITDA margin 35.1% 78.0%
Operating margin 26.8% 66.3%
Pretax margin 25.7% 60.4%
Net margin 11.4% 40.4%
FCF margin 6.8% 37.4%
Operating cash flow margin 22.8% 51.1%
Return on equity 14.4% 21.4%
Return on assets 7.7% 16.1%
Return on invested capital 11.6% 23.3%
Return on capital employed 13.2% 27.9%
Asset turnover 0.4x 0.4x
Cash conversion (OCF / net income) 1.3x 1.3x
Stock comp / revenue 0.6% 0.7%

Financial Health

11 metrics
MetricFCXAEM
Debt / assets 15.7% 0.5%
Debt / equity 0.3x 0.0x
Net debt / EBITDA 0.6x -0.3x
Debt / FCF 5.3x 0.0x
Liabilities / assets 46.1% 24.3%
Equity / assets 53.9% 75.7%
Interest coverage – 131.9x
Current ratio 2.1x 2.9x
Quick ratio 0.7x 1.8x
Cash ratio 0.6x 1.8x
Altman Z-score 3.07 7.32

Shareholder Returns

7 metrics
MetricFCXAEM
Dividend yield 0.6% 1.0%
Net buyback yield 0.2% 0.3%
Shareholder yield 0.7% 1.3%
Payout ratio (earnings) 18.9% –
Payout ratio (FCF) 49.1% –
Dividend growth (1Y) 0.1% –
Dividend CAGR (3Y) 0.2% –

Analyst Estimates

Solid lines are reported fiscal-year results; dashed lines are the consensus for the years ahead. Hover a year for the analysts' high and low, and how each result compared with its estimate.

ConsensusFCXAEM
Forward P/E 21.1xFY2026 15.9xFY2026
EPS, next fiscal year $3.09FY2026 $10.91FY2026
EPS growth, next FY +74.6%FY2026 +32.7%FY2026
EPS growth, the year after +46.0% +3.8%
Revenue, next fiscal year $28.46BFY2026 $14.34BFY2026
Revenue growth, next FY +9.8%FY2026 +21.4%FY2026
Revenue growth, the year after +35.9% +3.0%

Institutional Ownership

13F filings, quarter ended Jun 30, 2026
HoldersFCXAEM
Held by institutions 86.6% 62.5%
Institutions holding 1,880 1,053
Change in shares held, QoQ +1.3% -0.6%
Institutions buying 1,029 467
Institutions selling 601 396
Buyers to sellers 1.71 1.18

Return Correlation

Daily returns, last 12 months

1.00 means two stocks move in lockstep, 0 that they move independently. Pairs below about 0.5 diversify each other.

FCXAEM
FCX 1.00 0.68
AEM 0.68 1.00

Add a Peer

Largest companies in the same industry

Related Comparisons

Frequently Asked Questions

Which is bigger, FCX and AEM?

Freeport-Mcmoran (FCX) is the largest by market capitalisation: Freeport-Mcmoran (FCX) $93.79B, Agnico Eagle Mines (AEM) $88.25B.

Which stock is cheaper, FCX and AEM?

Agnico Eagle Mines (AEM) trades on the lowest price-to-earnings ratio (Freeport-Mcmoran (FCX) 31.8x, Agnico Eagle Mines (AEM) 15.0x). On next year's consensus earnings, Agnico Eagle Mines (AEM) is cheapest (Freeport-Mcmoran (FCX) 21.1x, Agnico Eagle Mines (AEM) 15.9x). A lower multiple can reflect slower expected growth, so read it next to the growth figures.

Which company is growing faster?

Agnico Eagle Mines (AEM) grew revenue fastest over the trailing twelve months: Freeport-Mcmoran (FCX) +0.2%, Agnico Eagle Mines (AEM) +50.3%.

Which company is more profitable?

Agnico Eagle Mines (AEM) has the highest net margin (Freeport-Mcmoran (FCX) 11.4%, Agnico Eagle Mines (AEM) 40.4%). On return on invested capital, Agnico Eagle Mines (AEM) leads (Freeport-Mcmoran (FCX) 11.6%, Agnico Eagle Mines (AEM) 23.3%).

Which stock has performed better?

Over the past year Freeport-Mcmoran (FCX) returned the most: Freeport-Mcmoran (FCX) +58.2%, Agnico Eagle Mines (AEM) +5.6%. Over five years, Agnico Eagle Mines (AEM) compounded fastest (Freeport-Mcmoran (FCX) +11.6%/yr, Agnico Eagle Mines (AEM) +25.0%/yr). Returns are price only, before dividends.

Which pays a higher dividend?

Only one of these companies pays a dividend: Freeport-Mcmoran (FCX) 0.01%, Agnico Eagle Mines (AEM) 0.00%. Agnico Eagle Mines (AEM) pays no regular dividend.

Which stock is riskier?

By one-year price volatility, Freeport-Mcmoran (FCX) has been the steadiest (Freeport-Mcmoran (FCX) 48.0%, Agnico Eagle Mines (AEM) 48.3%). Volatility measures how widely the price swings, not the risk of the business.

Do FCX and AEM move together?

Their daily returns over the past year have a correlation of 0.68, a moderate positive relationship. Holding both diversifies more than two closely linked stocks would.

Which is the better stock, FCX and AEM?

There is no single answer; it depends on what you are buying for. On the 12 head-to-head measures on this page, Agnico Eagle Mines (AEM) leads on 8. Business Quant does not give investment advice; use the comparison as a starting point for your own research.

Data from SEC filings, exchange prices and consensus estimates, via Business Quant. Percentile scores compare each company with its own peer group, so two companies' scores are each relative to different peers unless you rank against the whole market. Price returns exclude dividends. Nothing on this page is investment advice.