Freeport-McMoRan (WBO:FCX) EBIT: €6,481 Mil (TTM As of Mar. 2026)


WBO:FCX Freeport-McMoRan Inc WBO:FCX
90 GF Score
Price €54.59
GF Value €40.18
Valuation Significantly Overvalued
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What is Freeport-McMoRan EBIT?

Freeport-McMoRan WBO:FCX -3.38% 90 EBIT is €6,481 Mil as of Mar. 2026. GuruFocus rates WBO:FCX with a GF Score™ of 90/100 and a GF Value™ of €40.18 (Significantly Overvalued).

Freeport-McMoRan's earnings before interest and taxes (EBIT) for the three months ended in Mar. 2026 was €1,858 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2026 was €6,481 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Freeport-McMoRan's annualized ROC % for the quarter that ended in Mar. 2026 was 7.90%. Freeport-McMoRan's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 19.38%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Freeport-McMoRan's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 6.87%.


Freeport-McMoRan  (WBO:FCX) EBIT Explanation

1. EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition.

Freeport-McMoRan's annualized ROC % for the quarter that ended in Mar. 2026 is calculated as:

ROC % (Q: Mar. 2026 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Dec. 2025 ) + Invested Capital (Q: Mar. 2026 ))/ count )
=4975.48 * ( 1 - 32.1% )/( (42238.84 + 43266.435)/ 2 )
=3378.35092/42752.6375
=7.90 %

where

Invested Capital(Q: Dec. 2025 )
=Total Assets - Accounts Payable & Accrued Expense - Excess Cash
=Total Assets - Accounts Payable & Accrued Expense - ( Cash, Cash Equivalents, Marketable Securities - max(0, Total Current Liabilities - Total Current Assets+Cash, Cash Equivalents, Marketable Securities))
=49674.618 - 4170.082 - ( 3265.696 - max(0, 5140.226 - 11776.66+3265.696))
=42238.84

Invested Capital(Q: Mar. 2026 )
=Total Assets - Accounts Payable & Accrued Expense - Excess Cash
=Total Assets - Accounts Payable & Accrued Expense - ( Cash, Cash Equivalents, Marketable Securities - max(0, Total Current Liabilities - Total Current Assets+Cash, Cash Equivalents, Marketable Securities))
=50896.6 - 4397.66 - ( 3232.505 - max(0, 5109.555 - 12189.58+3232.505))
=43266.435

Note: The Operating Income data used here is four times the quarterly (Mar. 2026) data.

2. Joel Greenblatt's definition of Return on Capital:

Freeport-McMoRan's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 is calculated as:

ROC (Joel Greenblatt) %(Q: Mar. 2026 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Dec. 2025  Q: Mar. 2026
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=7432.08/( ( (34788.544 + max(3270.82, 0)) + (35552.365 + max(3099.295, 0)) )/ 2 )
=7432.08/( ( 38059.364 + 38651.66 )/ 2 )
=7432.08/38355.512
=19.38 %

where Working Capital is:

Working Capital(Q: Dec. 2025 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(834.358 + 6399.022 + 691.74) - (4170.082 + 90.524 + 393.694)
=3270.82

Working Capital(Q: Mar. 2026 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(589.065 + 6418.3 + 768.985) - (4397.66 + 0 + 279.395)
=3099.295

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Mar. 2026) EBIT data.

3. It is also linked to Joel Greenblatt's definition of Earnings Yield:

Freeport-McMoRan's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Mar. 2026 )
=6480.627/94354.463
=6.87 %

* 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 EBIT Related Terms


Freeport-McMoRan EBIT Historical Data

* Premium members only.

The historical data trend for Freeport-McMoRan's EBIT 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 EBIT Chart

Freeport-McMoRan Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
EBIT
Get a 7-Day Free Trial Premium Member Only Premium Member Only 7,310.99 6,867.60 5,979.76 6,900.83 5,756.81

Freeport-McMoRan Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
EBIT 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 1,258.93 2,144.09 1,730.41 748.10 1,858.02

WBO:FCX vs SCCO, IE, COPRD: EBIT Comparison

For the Copper subindustry, Freeport-McMoRan's EV-to-EBIT, along with its competitors' market caps and EV-to-EBIT data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Freeport-McMoRan EV-to-EBIT vs Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, Freeport-McMoRan's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where Freeport-McMoRan's EV-to-EBIT falls into.


WBO:FCX
90GF Score
Freeport-McMoRan Inc WBO:FCX
EBIT is just one metric. See GF Score™, valuation, warning signs, and more.
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Freeport-McMoRan EBIT Calculation

EBIT, sometimes also called Earnings Before Interest and Taxes, is a measure of a firm's profit that includes all expenses except interest and income tax expenses. It is the difference between operating revenues and operating expenses. When a firm does not have non-operating income, then Operating Income is sometimes used as a synonym for EBIT and operating profit.

EBIT 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 €6,481 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 EBIT →
What does a EBIT of €6,481 Mil mean?
Freeport-McMoRan (WBO:FCX) has a EBIT of €6,481 Mil as of Mar. 2026. Earnings before interest and taxes is the difference between operating revenue and operating expenses. View historical data on Freeport-McMoRan.
Is Freeport-McMoRan's EBIT too high?
Freeport-McMoRan's current EBIT is €6,481 Mil. Overall, Freeport-McMoRan has a GF Score™ of 90/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Freeport-McMoRan's EBIT compare to SCCO and IE?
Freeport-McMoRan's EBIT of €6,481 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 EBIT for a Metals & Mining company?
A good EBIT depends on the Metals & Mining industry context. However, EBIT 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 EBIT mean?
A high EBIT can signal that a stock is expensive relative to its fundamentals. Earnings before interest and taxes is the difference between operating revenue and operating expenses. View historical data on Freeport-McMoRan. Freeport-McMoRan's current EBIT is €6,481 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 (WBO:FCX) is currently considered Significantly Overvalued. The stock's GF Value™ is €40.18, compared to a current price of €54.59 — trading 35.9% above its estimated fair value. The current EBIT is €6,481 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 EBIT calculated?
EBIT is calculated from a company's financial statements. For Freeport-McMoRan (WBO:FCX), the current EBIT is €6,481 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 (WBO:FCX) Overvalued in 2026?

Based on GuruFocus' analysis, Freeport-McMoRan stock appears to be overvalued. The current stock price of €54.59 is trading 35.9% above its estimated GF Value™ of €40.18. GuruFocus considers Freeport-McMoRan to be Significantly Overvalued.

Key valuation signals for WBO:FCX:

  • EBIT: €6,481 Mil
  • GF Value™: €40.18 vs. price of €54.59 (35.9% above fair value)
  • GF Score™: 90/100

No single metric tells the full story. See the WBO:FCX 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

Get the complete analysis for WBO:FCX

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

€54.59
Price
€40.18
GF Value