Freeport-McMoran Copper & Gold Inc (FCX) - Net Assets
Based on the latest financial reports, Freeport-McMoran Copper & Gold Inc (FCX) has net assets worth $30.77 Billion USD as of December 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($58.17 Billion) and total liabilities ($27.40 Billion). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off. Check FCX cash and liquid asset ratio to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $30.77 Billion |
| % of Total Assets | 52.89% |
| Annual Growth Rate | 16.36% |
| 5-Year Change | 33.65% |
| 10-Year Change | 232.35% |
| Growth Volatility | 112.71 |
Freeport-McMoran Copper & Gold Inc - Net Assets Trend (1987–2025)
This chart illustrates how Freeport-McMoran Copper & Gold Inc's net assets have evolved over time, based on quarterly financial data. Also explore FCX asset base for the complete picture of this company's asset base.
Annual Net Assets for Freeport-McMoran Copper & Gold Inc (1987–2025)
The table below shows the annual net assets of Freeport-McMoran Copper & Gold Inc from 1987 to 2025. For live valuation and market cap data, see Freeport-McMoran Copper & Gold Inc (FCX) total market value.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | $30.77 Billion | +6.91% |
| 2024-12-31 | $28.78 Billion | +5.38% |
| 2023-12-31 | $27.31 Billion | +9.81% |
| 2022-12-31 | $24.87 Billion | +8.05% |
| 2021-12-31 | $23.02 Billion | +23.31% |
| 2020-12-31 | $18.67 Billion | +6.99% |
| 2019-12-31 | $17.45 Billion | -0.26% |
| 2018-12-31 | $17.49 Billion | +54.86% |
| 2017-12-31 | $11.30 Billion | +22.03% |
| 2016-12-31 | $9.26 Billion | -27.72% |
| 2015-12-31 | $12.81 Billion | -44.85% |
| 2014-12-31 | $23.23 Billion | -10.49% |
| 2013-12-31 | $25.95 Billion | +21.75% |
| 2012-12-31 | $21.31 Billion | +14.87% |
| 2011-12-31 | $18.55 Billion | +27.42% |
| 2010-12-31 | $14.56 Billion | +35.17% |
| 2009-12-31 | $10.77 Billion | +51.33% |
| 2008-12-31 | $7.12 Billion | -63.45% |
| 2007-12-31 | $19.47 Billion | +632.58% |
| 2006-12-31 | $2.66 Billion | +28.66% |
| 2005-12-31 | $2.07 Billion | +49.37% |
| 2004-12-31 | $1.38 Billion | +43.54% |
| 2003-12-31 | $963.54 Million | +143.00% |
| 2002-12-31 | $396.51 Million | +100.87% |
| 2001-12-31 | $197.40 Million | -67.99% |
| 2000-12-31 | $616.73 Million | -28.81% |
| 1999-12-31 | $866.30 Million | +15.52% |
| 1998-12-31 | $749.90 Million | -10.66% |
| 1997-12-31 | $839.40 Million | -34.47% |
| 1996-12-31 | $1.28 Billion | -13.62% |
| 1995-12-31 | $1.48 Billion | -5.99% |
| 1994-12-31 | $1.58 Billion | +28.52% |
| 1993-12-31 | $1.23 Billion | +83.77% |
| 1992-12-31 | $667.90 Million | +257.74% |
| 1991-12-31 | $186.70 Million | -15.60% |
| 1990-12-31 | $221.20 Million | +31.28% |
| 1989-12-31 | $168.50 Million | +20.36% |
| 1988-12-31 | $140.00 Million | +44.33% |
| 1987-12-31 | $97.00 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Freeport-McMoran Copper & Gold Inc's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have grown by 1582.9% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | $1.39 Billion | 7.33% |
| Common Stock | $163.00 Million | 0.86% |
| Other Comprehensive Income | $-305.00 Million | -1.61% |
| Other Components | $17.66 Billion | 93.42% |
| Total Equity | $18.90 Billion | 100.00% |
Freeport-McMoran Copper & Gold Inc Competitors by Market Cap
The table below lists competitors of Freeport-McMoran Copper & Gold Inc ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
AXA SA
F:AXAA
|
$81.82 Billion |
|
Vale S.A
MX:VALEN
|
$81.84 Billion |
|
BYD Co Ltd Class A
SHE:002594
|
$81.88 Billion |
|
Zurich Insurance Group AG
SW:ZURN
|
$82.30 Billion |
|
Equinor ASA
F:DNQA
|
$81.26 Billion |
|
Moodys Corporation
NYSE:MCO
|
$81.13 Billion |
|
Howmet Aerospace Inc
NYSE:HWM
|
$81.02 Billion |
|
Northrop Grumman Corporation
NYSE:NOC
|
$80.69 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Freeport-McMoran Copper & Gold Inc's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 17,581,000,000 to 18,899,000,000, a change of 1,318,000,000 (7.5%).
- Net income of 2,204,000,000 contributed positively to equity growth.
- Dividend payments of 865,000,000 reduced retained earnings.
- Share repurchases of 107,000,000 reduced equity.
- Other comprehensive income increased equity by 9,000,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $2.20 Billion | +11.66% |
| Dividends Paid | $865.00 Million | -4.58% |
| Share Repurchases | $107.00 Million | -0.57% |
| Other Comprehensive Income | $9.00 Million | +0.05% |
| Other Changes | $77.00 Million | +0.41% |
| Total Change | $- | 7.50% |
Book Value vs Market Value Analysis
This analysis compares Freeport-McMoran Copper & Gold Inc's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 4.32x
- The company is trading at a significant premium to its book value, suggesting the market values its earnings potential, brand, or other intangibles highly.
- The price-to-book ratio has decreased from 240.59x to 4.32x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 1987-12-31 | $0.24 | $56.55 | x |
| 1988-12-31 | $0.34 | $56.55 | x |
| 1989-12-31 | $0.42 | $56.55 | x |
| 1990-12-31 | $0.61 | $56.55 | x |
| 1991-12-31 | $0.48 | $56.55 | x |
| 1992-12-31 | $1.74 | $56.55 | x |
| 1993-12-31 | $2.98 | $56.55 | x |
| 1994-12-31 | $3.63 | $56.55 | x |
| 1995-12-31 | $3.38 | $56.55 | x |
| 1996-12-31 | $3.00 | $56.55 | x |
| 1997-12-31 | $1.98 | $56.55 | x |
| 1998-12-31 | $1.72 | $56.55 | x |
| 1999-12-31 | $2.08 | $56.55 | x |
| 2000-12-31 | $1.66 | $56.55 | x |
| 2001-12-31 | $0.36 | $56.55 | x |
| 2002-12-31 | $0.91 | $56.55 | x |
| 2003-12-31 | $2.44 | $56.55 | x |
| 2004-12-31 | $3.15 | $56.55 | x |
| 2005-12-31 | $4.18 | $56.55 | x |
| 2006-12-31 | $5.53 | $56.55 | x |
| 2007-12-31 | $22.96 | $56.55 | x |
| 2008-12-31 | $7.58 | $56.55 | x |
| 2009-12-31 | $9.74 | $56.55 | x |
| 2010-12-31 | $13.19 | $56.55 | x |
| 2011-12-31 | $16.38 | $56.55 | x |
| 2012-12-31 | $18.39 | $56.55 | x |
| 2013-12-31 | $20.81 | $56.55 | x |
| 2014-12-31 | $17.60 | $56.55 | x |
| 2015-12-31 | $7.23 | $56.55 | x |
| 2016-12-31 | $4.59 | $56.55 | x |
| 2017-12-31 | $5.49 | $56.55 | x |
| 2018-12-31 | $6.59 | $56.55 | x |
| 2019-12-31 | $6.41 | $56.55 | x |
| 2020-12-31 | $6.96 | $56.55 | x |
| 2021-12-31 | $9.43 | $56.55 | x |
| 2022-12-31 | $10.72 | $56.55 | x |
| 2023-12-31 | $11.57 | $56.55 | x |
| 2024-12-31 | $12.17 | $56.55 | x |
| 2025-12-31 | $13.10 | $56.55 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Freeport-McMoran Copper & Gold Inc utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 11.66%
- The company shows good efficiency in utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 8.56%
- • Asset Turnover: 0.44x
- • Equity Multiplier: 3.08x
- Recent ROE (11.66%) is below the historical average (16.07%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 1987 | 44.74% | 22.84% | 0.96x | 2.04x | $33.70 Million |
| 1988 | 67.29% | 28.12% | 1.15x | 2.08x | $80.20 Million |
| 1989 | 68.68% | 26.83% | 0.89x | 2.89x | $84.33 Million |
| 1990 | 44.33% | 21.33% | 0.64x | 3.23x | $71.71 Million |
| 1991 | 55.77% | 20.58% | 0.40x | 6.71x | $78.95 Million |
| 1992 | 20.09% | 18.19% | 0.42x | 2.62x | $65.25 Million |
| 1993 | 4.30% | 5.49% | 0.44x | 1.79x | $-67.26 Million |
| 1994 | 8.71% | 10.74% | 0.40x | 2.03x | $-19.30 Million |
| 1995 | 18.35% | 13.83% | 0.51x | 2.59x | $115.43 Million |
| 1996 | 19.24% | 11.87% | 0.49x | 3.29x | $108.66 Million |
| 1997 | 31.47% | 12.25% | 0.48x | 5.33x | $167.21 Million |
| 1998 | 25.49% | 8.75% | 0.42x | 6.95x | $93.46 Million |
| 1999 | 19.94% | 7.23% | 0.46x | 5.97x | $68.06 Million |
| 2000 | 15.01% | 4.12% | 0.47x | 7.70x | $25.69 Million |
| 2001 | 108.22% | 6.15% | 0.44x | 40.33x | $102.58 Million |
| 2002 | 61.71% | 8.62% | 0.46x | 15.71x | $137.97 Million |
| 2003 | 23.41% | 8.21% | 0.47x | 6.08x | $104.06 Million |
| 2004 | 17.38% | 8.53% | 0.47x | 4.37x | $85.90 Million |
| 2005 | 54.00% | 23.81% | 0.75x | 3.01x | $810.83 Million |
| 2006 | 59.57% | 25.15% | 1.07x | 2.20x | $1.21 Billion |
| 2007 | 16.13% | 17.31% | 0.42x | 2.23x | $1.12 Billion |
| 2008 | -191.14% | -57.47% | 0.83x | 4.02x | $-11.65 Billion |
| 2009 | 30.10% | 20.16% | 0.53x | 2.83x | $1.84 Billion |
| 2010 | 34.68% | 23.66% | 0.62x | 2.35x | $3.09 Billion |
| 2011 | 29.15% | 21.28% | 0.67x | 2.05x | $3.00 Billion |
| 2012 | 17.33% | 16.96% | 0.51x | 2.02x | $1.29 Billion |
| 2013 | 12.70% | 12.42% | 0.34x | 3.03x | $564.60 Million |
| 2014 | -7.17% | -6.17% | 0.36x | 3.22x | $-3.14 Billion |
| 2015 | -156.35% | -81.81% | 0.32x | 5.95x | $-13.02 Billion |
| 2016 | -65.43% | -27.12% | 0.39x | 6.17x | $-4.56 Billion |
| 2017 | 22.01% | 11.07% | 0.43x | 4.68x | $958.30 Million |
| 2018 | 27.21% | 13.78% | 0.44x | 4.45x | $1.65 Billion |
| 2019 | -2.63% | -1.71% | 0.35x | 4.39x | $-1.17 Billion |
| 2020 | 5.86% | 4.30% | 0.33x | 4.14x | $-421.40 Million |
| 2021 | 30.75% | 19.23% | 0.47x | 3.44x | $2.90 Billion |
| 2022 | 22.25% | 14.83% | 0.46x | 3.28x | $1.91 Billion |
| 2023 | 11.03% | 8.11% | 0.43x | 3.15x | $172.70 Million |
| 2024 | 10.71% | 7.40% | 0.46x | 3.12x | $124.90 Million |
| 2025 | 11.66% | 8.56% | 0.44x | 3.08x | $314.10 Million |
Industry Comparison
This section compares Freeport-McMoran Copper & Gold Inc's net assets metrics with peer companies in the Copper industry.
Industry Context
- Industry: Copper
- Average net assets among peers: $1,844,421,356
- Average return on equity (ROE) among peers: -16.27%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Freeport-McMoran Copper & Gold Inc (FCX) | $30.77 Billion | 44.74% | 0.89x | $81.27 Billion |
| COPRD (COPRD) | $-4.62 Million | 0.00% | 0.00x | $150.91 Million |
| Ivanhoe Electric Inc. (IE) | $202.45 Million | -74.00% | 0.29x | $1.89 Billion |
| Metals Acquisition Limited (MTAL) | $566.96 Million | -14.41% | 1.48x | $829.10 Million |
| Southern Copper Corporation (SCCO) | $6.61 Billion | 23.33% | 1.19x | $141.41 Billion |
About Freeport-McMoran Copper & Gold Inc
Freeport-McMoRan Inc. engages in the mining of mineral properties in North America, South America, and Indonesia. It primarily explores for copper, gold, molybdenum, silver, and other metals. The company's assets include the Grasberg minerals district in Indonesia; Morenci, Bagdad, Safford, Sierrita, and Miami in Arizona; Chino and Tyrone in New Mexico; and Henderson and Climax in Colorado, North… Read more