Freeport-Mcmoran (FCX) Return on Invested Capital [ROIC] (2009 - 2026)
Freeport-Mcmoran's Return on Invested Capital [ROIC] came in at 11.56% for Q2 2026, up 0.52 percentage points from 11.04% a year earlier but down 0.52 percentage points from the prior quarter.
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Analysis
Freeport-Mcmoran (FCX) Return on Invested Capital [ROIC] (2009 - 2026) Analysis & Trends
For FY2025, Freeport-Mcmoran's Return on Invested Capital [ROIC] was 10.91%, down 0.80 percentage points from FY2024.
- Return on Invested Capital [ROIC] carries a five-year change of +6.75 percentage points (FY2020 to FY2025).
- Going back by year, Return on Invested Capital [ROIC] was 11.70% in FY2024 (+0.98 pp), 10.72% in FY2023 (-2.99 pp), 13.72% in FY2022 (-5.53 pp) and 19.24% in FY2021 (+15.09 pp).
- The five-year range for quarterly Return on Invested Capital [ROIC] is 9.84% (Q2 2023) to 20.45% (Q1 2022).
- Year-over-year, Return on Invested Capital [ROIC] increased in four of the last eight quarters, with an average year-over-year change of +0.22 percentage points.
- The fastest year-over-year change in Return on Invested Capital [ROIC] over five years came in Q3 2021 (a gain of 16.58 percentage points), and the weakest in Q1 2023 (a drop of 9.76 percentage points).
- Business Quant data shows FCX's Return on Invested Capital [ROIC] at 12.09% (Q1 2026), 10.64% (Q4 2025) and 11.08% (Q3 2025) in the three quarters before Q2 2026.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | ROIC (Qtr) |
|---|---|---|---|---|---|
| 1 | Nucor | 172.02 Bn | 161.79 Bn | 2.33 Bn | 13.71% |
| 2 | Rio Tinto | 168.15 Bn | 130.95 Bn | - | - |
| 3 | Southern Copper | 138.51 Bn | 113.33 Bn | 3.10 Bn | 30.10% |
| 4 | Rio Tinto | 134.73 Bn | 101.79 Bn | - | - |
| 5 | Newmont | 117.64 Bn | 82.96 Bn | 4.22 Bn | 8.59% |
| 6 | Ternium | 99.96 Bn | 72.72 Bn | 1.04 Bn | 7.61% |
| 7 | Agnico Eagle Mines | 89.22 Bn | 76.17 Bn | 2.15 Bn | 21.64% |
| 8 | Freeport-Mcmoran | 85.03 Bn | 81.69 Bn | 2.55 Bn | 12.32% |
| 9 | Barrick Mining | 63.01 Bn | 47.43 Bn | 2.71 Bn | 22.01% |
| 10 | ArcelorMittal | 47.78 Bn | 31.28 Bn | - | 2.89% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 12.32% |
| Jun 30, 2026 | 11.56% |
| Mar 31, 2026 | 12.09% |
| Dec 31, 2025 | 10.64% |
| Sep 30, 2025 | 11.08% |
| Jun 30, 2025 | 11.04% |
| Mar 31, 2025 | 10.53% |
| Dec 31, 2024 | 11.42% |
| Sep 30, 2024 | 12.09% |
| Jun 30, 2024 | 11.64% |
| Mar 31, 2024 | 10.59% |
| Dec 31, 2023 | 10.64% |
| Sep 30, 2023 | 10.76% |
| Jun 30, 2023 | 9.84% |
| Mar 31, 2023 | 10.70% |
| Dec 31, 2022 | 13.25% |
| Sep 30, 2022 | 15.03% |
| Jun 30, 2022 | 18.78% |
| Mar 31, 2022 | 20.45% |
| Dec 31, 2021 | 18.11% |
API Access
Freeport-Mcmoran Return on Invested Capital [ROIC] 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-invested-capital-%5Broic%5D&ticker=FCX&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "return-on-invested-capital-[roic]", "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-invested-capital-%5Broic%5D&ticker=FCX&period=max&api_key=YOUR_API_KEY");
const data = await res.json();