Freeport-Mcmoran (FCX) Return on Capital Employed [ROCE] (2009 - 2026)
Freeport-Mcmoran's Return on Capital Employed [ROCE] came in at 13.20% for Q2 2026, down 0.43 percentage points from 13.63% a year earlier and down 0.77 percentage points from the prior quarter.
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Analysis
Freeport-Mcmoran (FCX) Return on Capital Employed [ROCE] (2009 - 2026) Analysis & Trends
For FY2025, Freeport-Mcmoran's Return on Capital Employed [ROCE] was 12.91%, down 1.34 percentage points from FY2024.
- Return on Capital Employed [ROCE] carries a five-year change of +6.51 percentage points (FY2020 to FY2025).
- Going back by year, Return on Capital Employed [ROCE] was 14.25% in FY2024 (+0.71 pp), 13.54% in FY2023 (-2.75 pp), 16.28% in FY2022 (-5.06 pp) and 21.35% in FY2021 (+14.94 pp).
- The five-year range for quarterly Return on Capital Employed [ROCE] is 11.93% (Q2 2023) to 22.97% (Q1 2022).
- Year-over-year, Return on Capital Employed [ROCE] increased in three of the last eight quarters, with an average year-over-year change of -0.08 percentage points.
- The fastest year-over-year change in Return on Capital Employed [ROCE] over five years came in Q3 2021 (a gain of 15.11 percentage points), and the weakest in Q1 2023 (a drop of 10.22 percentage points).
- Business Quant data shows FCX's Return on Capital Employed [ROCE] at 13.98% (Q1 2026), 12.66% (Q4 2025) and 13.59% (Q3 2025) in the three quarters before Q2 2026.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | ROCE (Qtr) |
|---|---|---|---|---|---|
| 1 | Rio Tinto | 186.21 Bn | 152.34 Bn | - | - |
| 2 | Southern Copper | 170.20 Bn | 149.06 Bn | 2.90 Bn | 42.99% |
| 3 | Newmont | 127.93 Bn | 96.10 Bn | 4.03 Bn | 9.92% |
| 4 | Ternium | 111.02 Bn | 76.07 Bn | 941.02 Mn | 7.19% |
| 5 | Freeport-Mcmoran | 103.81 Bn | 99.96 Bn | 2.19 Bn | 13.20% |
| 6 | Agnico Eagle Mines | 97.22 Bn | 97.22 Bn | 2.43 Bn | 42.05% |
| 7 | Barrick Mining | 71.84 Bn | 56.58 Bn | 2.90 Bn | 23.46% |
| 8 | Nucor | 56.10 Bn | 46.64 Bn | 2.03 Bn | 13.42% |
| 9 | ArcelorMittal | 53.80 Bn | 34.82 Bn | - | 3.51% |
| 10 | AngloGold Ashanti | 50.01 Bn | 39.68 Bn | 1.70 Bn | 26.39% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 13.20% |
| Mar 31, 2026 | 13.98% |
| Dec 31, 2025 | 12.66% |
| Sep 30, 2025 | 13.59% |
| Jun 30, 2025 | 13.63% |
| Mar 31, 2025 | 13.20% |
| Dec 31, 2024 | 13.83% |
| Sep 30, 2024 | 15.06% |
| Jun 30, 2024 | 14.29% |
| Mar 31, 2024 | 13.30% |
| Dec 31, 2023 | 13.46% |
| Sep 30, 2023 | 13.00% |
| Jun 30, 2023 | 11.93% |
| Mar 31, 2023 | 12.75% |
| Dec 31, 2022 | 15.93% |
| Sep 30, 2022 | 17.75% |
| Jun 30, 2022 | 21.39% |
| Mar 31, 2022 | 22.97% |
| Dec 31, 2021 | 20.12% |
| Sep 30, 2021 | 19.11% |
API Access
Freeport-Mcmoran Return on Capital Employed [ROCE] 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=return-on-capital-employed-%5Broce%5D&ticker=FCX&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "return-on-capital-employed-[roce]", "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=return-on-capital-employed-%5Broce%5D&ticker=FCX&period=max&api_key=YOUR_API_KEY");
const data = await res.json();