Freeport-McMoRan (XTER:FPMB) Change In Inventory: €-308 Mil (TTM As of Mar. 2026)

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XTER:FPMB Freeport-McMoRan Inc XTER:FPMB
90 GF Score
Price €52.89
GF Value €40.81
Valuation Modestly Overvalued
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What is Freeport-McMoRan Change In Inventory?

Freeport-McMoRan XTER:FPMB -1.69% 90 Change In Inventory is €-308 Mil as of Mar. 2026. GuruFocus rates XTER:FPMB with a GF Score™ of 90/100 and a GF Value™ of €40.81 (Modestly Overvalued).

Freeport-McMoRan's change in inventory for the quarter that ended in Mar. 2026 was €174 Mil. It means Freeport-McMoRan's inventory declined by €174 Mil from Dec. 2025 to Mar. 2026 .

Freeport-McMoRan's change in inventory for the fiscal year that ended in Dec. 2025 was €-605 Mil. It means Freeport-McMoRan's inventory increased by €605 Mil from Dec. 2024 to Dec. 2025 .

Freeport-McMoRan's Total Inventories for the quarter that ended in Mar. 2026 was €6,418 Mil.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Freeport-McMoRan's Days Inventory for the quarter that ended in Mar. 2026 was 147.64.

Inventory Turnover measures how fast the company turns over its inventory within a year. Freeport-McMoRan's Inventory Turnover for the quarter that ended in Mar. 2026 was 0.62.

Inventory-to-Revenue determines the ability of a company to manage their inventory levels. It measures the percentage of Inventories the company currently has on hand to support the current amount of Revenue. Freeport-McMoRan's Inventory-to-Revenue for the quarter that ended in Mar. 2026 was 1.19.

Freeport-McMoRan  (XTER:FPMB) Change In Inventory Explanation

1. Days Inventory indicates the number of days of goods in sales that a company has in the inventory.

Freeport-McMoRan's Days Inventory for the quarter that ended in is calculated as:

Days Inventory=Average Total Inventories/Cost of Goods Sold*Days in Period
=6408.661/3960.835*365 / 4
=147.64

2. Inventory Turnover measures how fast the company turns over its inventory within a year.

Freeport-McMoRan's Inventory Turnover for the quarter that ended in Mar. 2026 is calculated as

Inventory Turnover=Cost of Goods Sold / Average Total Inventories
=3960.835 / 6408.661
=0.62

3. Inventory-to-Revenue determines the ability of a company to manage their inventory levels. It measures the percentage of Inventories the company currently has on hand to support the current amount of Revenue.

Freeport-McMoRan's Inventory to Revenue for the quarter that ended in Mar. 2026 is calculated as

Inventory-to-Revenue=Average Total Inventories / Revenue
=6408.661 / 5392.41
=1.19

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Freeport-McMoRan Change In Inventory Related Terms

Freeport-McMoRan Change In Inventory Historical Data

* Premium members only.

The historical data trend for Freeport-McMoRan's Change In Inventory can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Freeport-McMoRan Change In Inventory Chart

Freeport-McMoRan Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Change In Inventory
Get a 7-Day Free Trial Premium Member Only Premium Member Only -546.93 -540.91 -800.54 -609.29 -605.49

Freeport-McMoRan Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Change In Inventory Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -132.28 70.23 -43.45 -508.98 173.87
XTER:FPMB
90GF Score
Freeport-McMoRan Inc XTER:FPMB
Change In Inventory is just one metric. See GF Score™, valuation, warning signs, and more.
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Freeport-McMoRan Change In Inventory Calculation

Change In Inventory is the difference between last period's ending inventory and the current period's ending inventory.

Change In Inventory for the trailing twelve months (TTM) ended in Mar. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was €-308 Mil.

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Frequently Asked Questions Learn more about Change In Inventory →
What does a Change In Inventory of €-308 Mil mean?
Freeport-McMoRan (XTER:FPMB) has a Change In Inventory of €-308 Mil as of Mar. 2026. Change in Inventory is the difference between current-period inventory and past-period inventory. View historical data for Freeport-McMoRan and its competitors.
Is Freeport-McMoRan's Change In Inventory too high?
Freeport-McMoRan's current Change In Inventory is €-308 Mil. Overall, Freeport-McMoRan has a GF Score™ of 90/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Freeport-McMoRan's Change In Inventory compare to SCCO and IE?
Freeport-McMoRan's Change In Inventory of €-308 Mil can be compared against companies in the Metals & Mining industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Change In Inventory for a Metals & Mining company?
A good Change In Inventory depends on the Metals & Mining industry context. However, Change In Inventory should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Change In Inventory mean?
A high Change In Inventory can signal that a stock is expensive relative to its fundamentals. Change in Inventory is the difference between current-period inventory and past-period inventory. View historical data for Freeport-McMoRan and its competitors. Freeport-McMoRan's current Change In Inventory is €-308 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Freeport-McMoRan stock overvalued right now?
Based on GuruFocus' analysis, Freeport-McMoRan (XTER:FPMB) is currently considered Modestly Overvalued. The stock's GF Value™ is €40.81, compared to a current price of €52.89 — trading 29.6% above its estimated fair value. The current Change In Inventory is €-308 Mil. Freeport-McMoRan's overall GF Score™ is 90/100. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Change In Inventory calculated?
Change In Inventory is calculated from a company's financial statements. For Freeport-McMoRan (XTER:FPMB), the current Change In Inventory is €-308 Mil as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Freeport-McMoRan (XTER:FPMB) Overvalued in 2026?

Based on GuruFocus' analysis, Freeport-McMoRan stock appears to be overvalued. The current stock price of €52.89 is trading 29.6% above its estimated GF Value™ of €40.81. GuruFocus considers Freeport-McMoRan to be Modestly Overvalued.

Key valuation signals for XTER:FPMB:

  • Change In Inventory: €-308 Mil
  • GF Value™: €40.81 vs. price of €52.89 (29.6% above fair value)
  • GF Score™: 90/100

No single metric tells the full story. See the XTER:FPMB stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

Freeport-McMoRan Business Description

Address 4340 East. Cotton Center boulevard, Suite 110, Phoenix, AZ, USA, 85040-8852
Freeport-McMoRan owns stakes in 10 copper mines, led by its 49% ownership of the Grasberg copper and gold operations in Indonesia, 55% of the Cerro Verde mine in Peru, and 72% of Morenci in Arizona. It sold around 1.1 million metric tons of copper (its share) in 2025, making it the one of the world's largest copper miners by volume. It also sold about 530,000 ounces of gold, mostly from Grasberg, and 74 million pounds of molybdenum. It had about 25 years of copper reserves at the end of December 2025. We expect it to sell about 1.3 million metric tons of copper and 610,000 ounces of gold midcycle in 2030.
90GF Score

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Change In Inventory is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

€52.89
Price
€40.81
GF Value