Freeport-Mcmoran (FCX) Invested Capital (2009 - 2026)
Freeport-Mcmoran's Invested Capital came in at $41.61 billion for Q2 2026, up 6.0% from $39.25 billion a year earlier and up 1.7% from the prior quarter.
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Analysis
Freeport-Mcmoran (FCX) Invested Capital (2009 - 2026) Analysis & Trends
For FY2025, Freeport-Mcmoran's Invested Capital was $40.15 billion, up 6.4% from FY2024.
- Invested Capital has increased in each of the last six years, with a five-year compound annual growth rate of 7.2% (FY2020 to FY2025).
- Going back by year, Invested Capital was $37.73 billion in FY2024 (+2.7%), $36.73 billion in FY2023 (+3.5%), $35.49 billion in FY2022 (+9.3%) and $32.47 billion in FY2021 (+14.4%).
- The Q2 2026 figure represents the highest quarterly Invested Capital since Q3 2014.
- Year-over-year, Invested Capital has increased for 24 consecutive quarters, with growth averaging 4.6% over the last eight quarters.
- The year-over-year growth in Invested Capital has ranged between 1.1% (Q2 2023) and 16.7% (Q3 2021) over the last five years.
- Business Quant data shows FCX's Invested Capital at $40.93 billion (Q1 2026), $40.15 billion (Q4 2025) and $39.7 billion (Q3 2025) in the three quarters before Q2 2026.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Invested Cap. (Qtr) |
|---|---|---|---|---|---|
| 1 | Rio Tinto | 182.38 Bn | 151.41 Bn | - | 93.52 Bn |
| 2 | Southern Copper | 163.97 Bn | 142.76 Bn | 2.90 Bn | 20.70 Bn |
| 3 | Rio Tinto | 141.19 Bn | 101.70 Bn | - | 89.20 Bn |
| 4 | Newmont | 124.53 Bn | 92.53 Bn | 4.03 Bn | 40.50 Bn |
| 5 | Freeport-Mcmoran | 98.93 Bn | 82.97 Bn | 2.19 Bn | 41.61 Bn |
| 6 | Agnico Eagle Mines | 93.96 Bn | 83.59 Bn | 2.43 Bn | 28.80 Bn |
| 7 | Barrick Mining | 69.55 Bn | 44.75 Bn | 2.90 Bn | 31.99 Bn |
| 8 | Nucor | 60.45 Bn | 49.83 Bn | 2.03 Bn | 30.37 Bn |
| 9 | ArcelorMittal | 48.41 Bn | 27.44 Bn | - | 71.13 Bn |
| 10 | AngloGold Ashanti | 46.51 Bn | 34.40 Bn | 1.70 Bn | 10.53 Bn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 41.61 Bn |
| Mar 31, 2026 | 40.93 Bn |
| Dec 31, 2025 | 40.15 Bn |
| Sep 30, 2025 | 39.70 Bn |
| Jun 30, 2025 | 39.25 Bn |
| Mar 31, 2025 | 38.62 Bn |
| Dec 31, 2024 | 37.73 Bn |
| Sep 30, 2024 | 38.55 Bn |
| Jun 30, 2024 | 38.11 Bn |
| Mar 31, 2024 | 37.53 Bn |
| Dec 31, 2023 | 36.73 Bn |
| Sep 30, 2023 | 36.08 Bn |
| Jun 30, 2023 | 35.52 Bn |
| Mar 31, 2023 | 35.28 Bn |
| Dec 31, 2022 | 35.49 Bn |
| Sep 30, 2022 | 34.87 Bn |
| Jun 30, 2022 | 35.14 Bn |
| Mar 31, 2022 | 33.66 Bn |
| Dec 31, 2021 | 32.47 Bn |
| Sep 30, 2021 | 32.20 Bn |
API Access
Freeport-Mcmoran Invested Capital 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=invested-capital&ticker=FCX&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "invested-capital", "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=invested-capital&ticker=FCX&period=max&api_key=YOUR_API_KEY");
const data = await res.json();