HBM vs IE vs FCX Stock Comparison

Hudbay Minerals, Ivanhoe Electric and Freeport-Mcmoran Prices as of Nov 5, 2026 Peers: Industry group
HBM Hudbay Minerals Inc.
$20.53 -23.9% 1M +31.3% 1Y
Market cap
$8.25B
P/E
12.1x
Revenue (TTM)
$2.47B
Div. yield
0.00%
Copper Basic Materials
7 wins
IE Ivanhoe Electric Inc.
$7.03 -32.2% 1M -45.9% 1Y
Market cap
$1.21B
P/E
–
Revenue (TTM)
$3.19M
Div. yield
–
Copper Basic Materials
1 win
FCX Freeport-Mcmoran Inc
$57.90 -20.2% 1M +44.0% 1Y
Market cap
$85.33B
P/E
29.0x
Revenue (TTM)
$25.87B
Div. yield
0.01%
Copper Basic Materials
3 wins

Head to Head

11 decided of 12

Hudbay Minerals leads on 7 of the 12 questions below (Hudbay Minerals 7, Freeport-Mcmoran 3, Ivanhoe Electric 1). Which ones matter depends on what you are buying for; a cheap multiple and slow growth often come together.

QuestionHBMIEFCXLeader
Larger companyMarket capitalisation $8.25B $1.21B $85.33B FCX
Cheaper on earningsLower P/E, profitable companies only 12.1x -25.4x 29.0x HBM
Cheaper on forward earningsLower price / next fiscal year consensus EPS 13.9x — 18.7x HBM
Faster revenue growthRevenue growth, trailing twelve months +12.1% -13.4% +0.2% HBM
More profitableNet margin, trailing twelve months 27.7% -1,497.7% 11.4% HBM
Better return on capitalReturn on invested capital 12.6% 1.7% 11.6% HBM
Less leveragedLower net debt / EBITDA 0.1x -15.4x 0.6x IE
Higher dividend yieldTrailing dividend yield 0.00% 0.00% 0.01% –
Better 1-year returnPrice return, last 12 months +31.3% -45.9% +44.0% FCX
Better 5-year returnAnnualised price return, 5 years +24.8%/yr — +9.4%/yr HBM
Less volatileAnnualised volatility, 1 year 63.1% 77.1% 48.8% FCX
Higher overall scoreMean of the five percentile scores vs peers 73/100 42/100 48/100 HBM

Percentile Scorecard

HBMIEFCX

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

AxisHBMIEFCX
Valuation 86 #25 of 169 23 #130 of 169 60 #68 of 169
Growth 91 #15 of 153 59 #63 of 153 50 #77 of 153
Profitability 89 #15 of 123 30 #87 of 123 66 #42 of 123
Financial Health 49 #85 of 165 85 #25 of 165 24 #125 of 165
Shareholder Returns 49 #60 of 116 12 #102 of 116 37 #73 of 116
Overall 73 42 48
  • HBM ranked among 177 companies in Metals and Mining
  • IE ranked among 177 companies in Metals and Mining
  • FCX ranked among 177 companies in Metals and Mining

Price Performance

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

Returns

PeriodHBMIEFCXSPY
1 month -23.9%-32.2%-20.2% -5.9%
3 months -22.0%-34.2%-15.1% -4.6%
6 months -13.9%-48.8%-4.5% +0.2%
Year to date +3.4%-56.0%+14.0% +7.5%
1 year +31.3%-45.9%+44.0% +8.2%
3 years +347.3%-33.8%+63.7% +68.3%
3 years, per year +64.8%-12.9%+17.9% +19.0%
5 years +201.9%—+56.3% +56.5%
5 years, per year +24.8%—+9.4% +9.4%
10 years +366.6%—+424.0% +251.5%
10 years, per year +16.7%—+18.0% +13.4%

Risk

MeasureHBMIEFCXSPY
Volatility, 1Y 63.1%77.1%48.8% 13.6%
Downside volatility, 1Y 68.4%81.3%52.0% 14.2%
Beta vs S&P 500, 1Y 2.643.222.15 1.00
Return / volatility, 1Y 0.50-0.600.90 0.60
Max drawdown, 5Y -63.3%-71.1%-51.7% -25.4%
From 52-week high -35.6%-64.7%-27.5% -5.9%
52-week high $31.87$19.92$79.91 $779.14
52-week low $14.58$7.03$38.65 $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.

MultipleHBMIEFCX
P/E now vs peer median 11.9xmedian 12.9x -23.5xmedian 12.9x 28.3xmedian 12.9x
P/S now vs peer median 3.3xmedian 3.1x 352.2xmedian 3.1x 3.2xmedian 3.1x
EV/EBITDA now vs peer median 5.4xmedian 7.6x 80.9xmedian 7.6x 9.8xmedian 7.6x
P/FCF now vs peer median 9.2xmedian 12.2x -12.9xmedian 12.2x 47.2xmedian 12.2x
P/B now vs peer median 1.7xmedian 2.2x 2.2xmedian 2.2x 2.6xmedian 2.2x
PEG now vs peer median 0.03median 0.19 -0.52median 0.19 2.40median 0.19

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 monthsHBMIEFCX
Revenue $2.47B $3.19M $25.87B
Gross profit $972.40M $1.88M $7.00B
Operating income $1.10B $9.11M $6.92B
Net income $680.00M -$15.91M $4.59B
Free cash flow $880.20M -$86.97M $1.76B
R&D $58.40M $84.22M $198.00M
EPS (diluted) $1.72 $-0.30 $2.04
Cash & equivalents $890.90M $214.84M $4.08B
Total debt $1.13B $35.90M $9.39B
Shares (diluted) 396.65M 159.61M 1.44B
Enterprise value $5.10B $277.42M $69.37B

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
MetricHBMIEFCX
P/E 11.9x -23.5x 28.3x
P/FCF 9.2x -12.9x 47.2x
P/Operating cash flow 9.2x -9.7x 14.1x
P/S 3.3x 352.2x 3.2x
P/B 1.7x 2.2x 2.6x
P/Tangible book 1.7x 2.2x 2.6x
EV/EBITDA 5.4x 80.9x 9.8x
EV/EBIT 7.5x 103.5x 12.8x
EV/Revenue 3.4x 296.0x 3.4x
EV/FCF 9.4x -10.8x 50.2x
EV/Operating cash flow 9.4x -8.1x 15.0x
PEG (3Y EPS CAGR) 0.03 -0.52 2.40

Growth

14 metrics
MetricHBMIEFCX
Revenue growth (1Y) 12.1% -13.4% 0.2%
Revenue CAGR (3Y) 24.6% 8.4% 5.7%
Gross profit growth (1Y) 32.8% -20.3% -8.8%
Gross profit CAGR (3Y) 71.9% 50.9% 3.5%
Operating income growth (1Y) 89.3% 108.6% 0.1%
Operating income CAGR (3Y) 126.5% 27.1% 8.0%
Net income growth (1Y) 139.9% 76.0% 6.8%
Net income CAGR (3Y) 410.6% 57.7% 11.4%
EPS growth (1Y) 122.6% 27.7% 53.1%
EPS CAGR (3Y) 346.8% 45.3% 11.8%
Operating cash flow growth (1Y) 1.5% -23.4% -10.1%
Operating cash flow CAGR (3Y) – 6.9% 9.0%
Free cash flow growth (1Y) 2,912% 10.4% 4.3%
Free cash flow CAGR (3Y) 115.3% 17.1% 66.3%

Profitability

14 metrics
MetricHBMIEFCX
Gross margin 39.4% 59.0% 27.1%
EBITDA margin 61.9% 365.8% 35.1%
Operating margin 44.7% 285.9% 26.8%
Pretax margin 47.3% -115.6% 25.7%
Net margin 27.7% -1,498% 11.4%
FCF margin 35.7% -2,730% 6.8%
Operating cash flow margin 35.6% -3,648% 22.8%
Return on equity 16.3% -3.1% 14.4%
Return on assets 43.1% -2.8% 7.7%
Return on invested capital 12.6% 1.7% 11.6%
Return on capital employed – 1.8% 13.2%
Asset turnover 1.6x 0.0x 0.4x
Cash conversion (OCF / net income) 1.3x 7.3x 1.3x
Stock comp / revenue 3.3% 329.7% 0.6%

Financial Health

11 metrics
MetricHBMIEFCX
Debt / assets 78.4% 6.5% 15.7%
Debt / equity 0.2x 0.1x 0.3x
Net debt / EBITDA 0.1x -15.4x 0.6x
Debt / FCF 1.3x -0.4x 5.3x
Liabilities / assets -231.7% 9.8% 46.1%
Equity / assets 331.7% 90.2% 53.9%
Interest coverage 14.9x – –
Current ratio – 4.4x 2.1x
Quick ratio – 4.5x 0.7x
Cash ratio – 4.2x 0.6x
Altman Z-score – 11.16 2.84

Shareholder Returns

7 metrics
MetricHBMIEFCX
Dividend yield 0.1% – 0.6%
Net buyback yield -0.4% -22.9% 0.2%
Shareholder yield -0.2% -22.9% 0.8%
Payout ratio (earnings) 1.3% – 18.9%
Payout ratio (FCF) 1.0% – 49.1%
Dividend growth (1Y) -260.4% – 0.1%
Dividend CAGR (3Y) -59.0% – 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.

ConsensusHBMIEFCX
Forward P/E 13.9xFY2026 – 18.7xFY2026
EPS, next fiscal year $1.48FY2026 $-0.06FY2026 $3.09FY2026
EPS growth, next FY +120.9%FY2026 – +74.6%FY2026
EPS growth, the year after +27.7% – +46.9%
Revenue, next fiscal year $3.05BFY2026 $3.16MFY2026 $28.40BFY2026
Revenue growth, next FY +37.8%FY2026 -2.5%FY2026 +9.6%FY2026
Revenue growth, the year after +18.9% -6.5% +36.4%

Institutional Ownership

13F filings, quarter ended Jun 30, 2026
HoldersHBMIEFCX
Held by institutions 83.1% 74.0% 86.6%
Institutions holding 319 203 1,883
Change in shares held, QoQ +10.9% +2.3% +1.3%
Institutions buying 200 126 1,029
Institutions selling 82 56 604
Buyers to sellers 2.44 2.25 1.70

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.

HBMIEFCX
HBM 1.00 0.77 0.85
IE 0.77 1.00 0.76
FCX 0.85 0.76 1.00

Add a Peer

Largest companies in the same industry

Related Comparisons

Frequently Asked Questions

Which is bigger, HBM, IE and FCX?

Freeport-Mcmoran (FCX) is the largest by market capitalisation: Hudbay Minerals (HBM) $8.25B, Ivanhoe Electric (IE) $1.21B, Freeport-Mcmoran (FCX) $85.33B.

Which stock is cheaper, HBM, IE and FCX?

Hudbay Minerals (HBM) trades on the lowest price-to-earnings ratio (Hudbay Minerals (HBM) 12.1x, Ivanhoe Electric (IE) -25.4x, Freeport-Mcmoran (FCX) 29.0x). On next year's consensus earnings, Hudbay Minerals (HBM) is cheapest (Hudbay Minerals (HBM) 13.9x, Freeport-Mcmoran (FCX) 18.7x). A lower multiple can reflect slower expected growth, so read it next to the growth figures.

Which company is growing faster?

Hudbay Minerals (HBM) grew revenue fastest over the trailing twelve months: Hudbay Minerals (HBM) +12.1%, Ivanhoe Electric (IE) -13.4%, Freeport-Mcmoran (FCX) +0.2%.

Which company is more profitable?

Hudbay Minerals (HBM) has the highest net margin (Hudbay Minerals (HBM) 27.7%, Ivanhoe Electric (IE) -1,497.7%, Freeport-Mcmoran (FCX) 11.4%). On return on invested capital, Hudbay Minerals (HBM) leads (Hudbay Minerals (HBM) 12.6%, Ivanhoe Electric (IE) 1.7%, Freeport-Mcmoran (FCX) 11.6%).

Which stock has performed better?

Over the past year Freeport-Mcmoran (FCX) returned the most: Hudbay Minerals (HBM) +31.3%, Ivanhoe Electric (IE) -45.9%, Freeport-Mcmoran (FCX) +44.0%. Over five years, Hudbay Minerals (HBM) compounded fastest (Hudbay Minerals (HBM) +24.8%/yr, Freeport-Mcmoran (FCX) +9.4%/yr). Returns are price only, before dividends.

Which pays a higher dividend?

Only one of these companies pays a dividend: Hudbay Minerals (HBM) 0.00%, Ivanhoe Electric (IE) 0.00%, Freeport-Mcmoran (FCX) 0.01%. Hudbay Minerals (HBM) and Ivanhoe Electric (IE) pays no regular dividend.

Which stock is riskier?

By one-year price volatility, Freeport-Mcmoran (FCX) has been the steadiest (Hudbay Minerals (HBM) 63.1%, Ivanhoe Electric (IE) 77.1%, Freeport-Mcmoran (FCX) 48.8%). Volatility measures how widely the price swings, not the risk of the business.

Which is the better stock, HBM, IE and FCX?

There is no single answer; it depends on what you are buying for. On the 12 head-to-head measures on this page, Hudbay Minerals (HBM) leads on 7. 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.