Freeport-McMoRan (BUE:FCX) Total Operating Expense: ARS1,092,463 Mil (TTM As of Mar. 2026)

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Director of Data and Quant Analytics at GuruFocus
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Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

BUE:FCX Freeport-McMoRan Inc BUE:FCX
81 GF Score
Price ARS32,000.00
GF Value ARS24,757.90
Valuation Modestly Overvalued
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What is Freeport-McMoRan Total Operating Expense?

Freeport-McMoRan BUE:FCX +1.85% 81 Total Operating Expense is ARS1,092,463 Mil as of Mar. 2026. GuruFocus rates BUE:FCX with a GF Score™ of 81/100 and a GF Value™ of ARS24,757.90 (Modestly Overvalued).

Freeport-McMoRan's Total Operating Expense for the three months ended in Mar. 2026 was ARS303,419 Mil. Freeport-McMoRan's Total Operating Expense for the trailing twelve months (TTM) ended in Mar. 2026 was ARS1,092,463 Mil.

Freeport-McMoRan Total Operating Expense Related Terms

Freeport-McMoRan Total Operating Expense Historical Data

* Premium members only.

The historical data trend for Freeport-McMoRan's Total Operating Expense 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 Total Operating Expense Chart

Freeport-McMoRan Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Total Operating Expense
Get a 7-Day Free Trial Premium Member Only Premium Member Only 53,423.71 109,978.40 337,535.00 803,960.01 1,153,933.75

Freeport-McMoRan Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Total Operating Expense 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 216,405.50 237,446.64 252,590.31 299,006.73 303,419.19
BUE:FCX
81GF Score
Freeport-McMoRan Inc BUE:FCX
Total Operating Expense is just one metric. See GF Score™, valuation, warning signs, and more.
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Freeport-McMoRan Total Operating Expense Calculation

Total Operating Expense is the primary recurring expense associated with central operations that are incurred in order to generate sales.


Total Operating Expense 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 ARS1,092,463 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.

What does a Total Operating Expense of ARS1,092,463 Mil mean?
Freeport-McMoRan (BUE:FCX) has a Total Operating Expense of ARS1,092,463 Mil as of Mar. 2026. Total operating expense is the primary recurring expense associated with central operations. View historical data on Freeport-McMoRan and its competitors.
Is Freeport-McMoRan's Total Operating Expense too high?
Freeport-McMoRan's current Total Operating Expense is ARS1,092,463 Mil. Overall, Freeport-McMoRan has a GF Score™ of 81/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Freeport-McMoRan's Total Operating Expense compare to SCCO and IE?
Freeport-McMoRan's Total Operating Expense of ARS1,092,463 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 Total Operating Expense for a Metals & Mining company?
A good Total Operating Expense depends on the Metals & Mining industry context. However, Total Operating Expense 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 Total Operating Expense mean?
A high Total Operating Expense can signal that a stock is expensive relative to its fundamentals. Total operating expense is the primary recurring expense associated with central operations. View historical data on Freeport-McMoRan and its competitors. Freeport-McMoRan's current Total Operating Expense is ARS1,092,463 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 (BUE:FCX) is currently considered Modestly Overvalued. The stock's GF Value™ is ARS24,757.90, compared to a current price of ARS32,000.00 — trading 29.3% above its estimated fair value. The current Total Operating Expense is ARS1,092,463 Mil. Freeport-McMoRan's overall GF Score™ is 81/100. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Total Operating Expense calculated?
Total Operating Expense is calculated from a company's financial statements. For Freeport-McMoRan (BUE:FCX), the current Total Operating Expense is ARS1,092,463 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 (BUE:FCX) Overvalued in 2026?

Based on GuruFocus' analysis, Freeport-McMoRan stock appears to be overvalued. The current stock price of ARS32,000.00 is trading 29.3% above its estimated GF Value™ of ARS24,757.90. GuruFocus considers Freeport-McMoRan to be Modestly Overvalued.

Key valuation signals for BUE:FCX:

  • Total Operating Expense: ARS1,092,463 Mil
  • GF Value™: ARS24,757.90 vs. price of ARS32,000.00 (29.3% above fair value)
  • GF Score™: 81/100

No single metric tells the full story. See the BUE: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.
81GF Score

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

ARS32,000.00
Price
ARS24,757.90
GF Value