Freeport-Mcmoran (FCX) Change in Inventory (2009 - 2026)
Freeport-Mcmoran (FCX) recorded Change in Inventory of $430 million in Q3 2026, up 743.1% from $51 million a year earlier and up 15.6% from the prior quarter.
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Analysis
Freeport-Mcmoran (FCX) Change in Inventory (2009 - 2026) Analysis & Trends
On a TTM basis, Freeport-Mcmoran's Change in Inventory came in at $1.2 billion as of Sep 30, 2026, up 166.0% year-over-year; for FY2025, it came in at $709 million, up 11.1% from FY2024.
- Across earlier years, Change in Inventory came in at $638 million in FY2024 (-26.9%), $873 million in FY2023 (+52.4%), $573 million in FY2022 (-7.3%) and $618 million in FY2021.
- Quarterly Change in Inventory has ranged from -$201 million in Q1 2026 to $596 million in Q4 2025 over the past five years.
- Peak year-over-year performance for Change in Inventory in the last five years was growth of 743.1% in Q3 2026, against a decline of 65.3% in Q4 2023 at the low end.
- Per Business Quant, the preceding three quarters came in at $372 million (Q2 2026), -$201 million (Q1 2026) and $596 million (Q4 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Change Inventory (Qtr) |
|---|---|---|---|---|---|
| 1 | Rio Tinto | 170.99 Bn | 133.79 Bn | - | - |
| 2 | Southern Copper | 145.88 Bn | 120.61 Bn | 3.10 Bn | -14.70 Mn |
| 3 | Rio Tinto | 139.79 Bn | 100.61 Bn | - | - |
| 4 | Newmont | 131.54 Bn | 96.69 Bn | 4.22 Bn | 172.00 Mn |
| 5 | Ternium | 99.94 Bn | 68.19 Bn | 1.04 Bn | - |
| 6 | Agnico Eagle Mines | 99.84 Bn | 86.79 Bn | 2.15 Bn | -235.85 Mn |
| 7 | Freeport-Mcmoran | 89.73 Bn | 73.77 Bn | 2.19 Bn | 372.00 Mn |
| 8 | Barrick Mining | 72.33 Bn | 47.52 Bn | 2.90 Bn | - |
| 9 | Nucor | 56.90 Bn | 46.28 Bn | 2.03 Bn | 377.00 Mn |
| 10 | AngloGold Ashanti | 50.21 Bn | 37.52 Bn | 1.30 Bn | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 372.00 Mn |
| Mar 31, 2026 | -201.00 Mn |
| Dec 31, 2025 | 596.00 Mn |
| Sep 30, 2025 | 51.00 Mn |
| Jun 30, 2025 | -81.00 Mn |
| Mar 31, 2025 | 143.00 Mn |
| Dec 31, 2024 | 337.00 Mn |
| Sep 30, 2024 | -40.00 Mn |
| Jun 30, 2024 | 407.00 Mn |
| Mar 31, 2024 | -66.00 Mn |
| Dec 31, 2023 | 135.00 Mn |
| Sep 30, 2023 | 208.00 Mn |
| Jun 30, 2023 | 73.00 Mn |
| Mar 31, 2023 | 457.00 Mn |
| Dec 31, 2022 | 389.00 Mn |
| Sep 30, 2022 | 144.00 Mn |
| Jun 30, 2022 | 87.00 Mn |
| Mar 31, 2022 | -47.00 Mn |
| Dec 31, 2021 | 308.00 Mn |
| Sep 30, 2021 | 11.00 Mn |
API Access
Freeport-Mcmoran Change in Inventory API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=change-in-inventory&ticker=FCX&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "change-in-inventory", "ticker": "FCX", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=change-in-inventory&ticker=FCX&period=max&api_key=YOUR_API_KEY");
const data = await res.json();