PerpEquities

Equity

Freeport-McMoRan (FCX) perpetual futures

FCX perpetual futures on 4 crypto exchanges – live perp price vs the stock, funding rate, open interest and where to trade FCXUSDT.

Freeport-McMoRan Inc. is a mining company that explores and extracts copper, gold, molybdenum, and silver in the Americas and Indonesia, along with oil and gas operations.

$71.07+1.0%NYSE closed
Open in terminal

Price chart

 

Use the left and right arrow keys to inspect points on the chart.

Collecting venue price data...
venue perp mark · BingX (FCX-USDT)
Auto: highest-volume live perp venueOpen in TradingView

Trading data

Perpetual market activity

4/4 live markets
Venues
4
Live markets
4/4
24h volume
$358KCoverage: 3/4 marketsExchange-reported volume: $1.6M
Open interest
$73.5K
Best liquidity
$872.4K
Bitget
Tightest spread
+43.6 bps
Bitget
Highest volume
$354.3K
HTX
Settlement mix
USDT · 4/4
Perp/spot vol.
0.00x
Spot volume $1.1B
OI / float
0.00%
Float $101.6B
Spot performance
1D+0.97%
5D+6.27%
1M+0.45%
6M+37.34%
YTD+40.85%
1Y+58.41%

Venue matrix

4 markets

Some venue links are sponsored. We may receive a commission, and eligible users may occasionally receive trading-fee discounts, at no additional cost to you.

Trade
BingXTradeFCX-USDTTrading$71.08+5.5% APR
+0.00500% every 8h
+66.1 bps$765.2K$1.3M$6.9KUSDT-
HTXTradeFCX/USDTTrading$71.060.0% APR
0.000% every 8h
+356.8 bps$0$354.3K$5KUSDT-
BitgetTradeFCX/USDTTrading$71.070.0% APR
0.000% every 8h
+43.6 bps$872.4K$3.7K$44.5KUSDT20x
Gate.ioTradeFCX/USDTTrading$71.230.0% APR
0.000% every 8h
+165.7 bps$7.8K$21$17KUSDT20x

Tradability

Execution quality

Entry cost and depth per venue at $1k–$100k

Thin liquidity · 2 of 4 venues absorb $10k · Typical cost: +31.4 bps – +36.7 bps

Cheapest execution: Bitget · +28.7 bps

No fresh book data: Gate.io, HTX

Taker execution estimate incl. approx. fees - maker fills are not guaranteed.

Best venues for this underlying

Best liquidity

FCX

Tightest spread

FCX

Highest volume

FCX

Funding history

Stored venue snapshots by market

Company data

Company fundamentals

Updated 3h ago
Market cap
$102.8B
Updated 3h ago
Revenue
$25.9B
Trailing 12 months
Revenue growth
+14%
Next fiscal year
Profit margin
+11.4%
P/E
35.2
Peer P/E 4.2
Free cash flow
$5.9B
Trailing 12 months
More metrics
Net income
$2.9B
Trailing 12 months
P/S
4.0
Peer P/E
4.2
Similar listed perps
Revenue estimate
$29.4B
Next fiscal year
Earnings
2026-10-22
Revenue est. $7.3B · Updated 3h ago
Dividend
$0.15
2026-07-15

Fundamental detail

Annual + quarterly
Latest revenue$25.7B
Net margin+8.6%
Free cash flow$1.1B
Net debt$8.1B
2020$13.9B
2021$22.4B
2022$23.3B
2023$22.7B
2024$25.5B
2025$25.7B
PeriodRevenueGrowthNet incomeFCF
2020$13.9B-3%$596M$1.1B
2021$22.4B+61%$4.3B$5.6B
2022$23.3B+4%$3.5B$1.7B
2023$22.7B-3%$1.8B$455M
2024$25.5B+12%$1.9B$2.4B
2025$25.7B+1%$2.2B$1.1B
PeriodGross marginOperating marginNet marginROEROA
2020+17.3%+13.6%+4.3%+5.9%+1.4%
2021+37.1%+34.9%+19.2%+30.8%+9.0%
2022+34.7%+32.4%+14.8%+22.3%+6.8%
2023+30.3%+26.8%+8.1%+11.0%+3.5%
2024+29.5%+27.0%+7.4%+10.7%+3.4%
2025+27.0%+24.4%+8.6%+11.7%+3.8%
PeriodCashDebtNet debtCurrent ratio
2020$3.7B$9.9B$6.3B2.72
2021$8.1B$9.8B$1.7B2.52
2022$8.1B$11B$2.8B2.46
2023$5.7B$10.2B$4.5B2.42
2024$3.9B$9.7B$5.8B2.42
2025$3.4B$11.5B$8.1B2.29
PeriodMarket capEnterprise valueP/SP/E
2020$37.8B$44.1B2.763.5
2021$61.2B$62.9B2.714.2
2022$54.8B$57.6B2.315.8
2023$61B$65.6B2.733.3
2024$55B$60.8B2.229.1
2025$73.3B$81.4B2.833.2
Q3 2024$6.7B
Q4 2024$5.9B
Q1 2025$5.6B
Q2 2025$7.6B
Q3 2025$7B
Q4 2025$5.6B
Q1 2026$6.2B
Q2 2026$7B
PeriodRevenueGrowthNet incomeFCF
Q3 2024$6.7B+14%$520M$673M
Q4 2024$5.9B+1%$274M$197M
Q1 2025$5.6B-11%$346M-$114M
Q2 2025$7.6B+19%$772M$3.4B
Q3 2025$7B+4%$674M$608M
Q4 2025$5.6B-4%$406M$1.7B
Q1 2026$6.2B+12%$881M$522M
Q2 2026$7B-7%$984M$3B
PeriodGross marginOperating marginNet marginROEROA
Q3 2024+29.7%+27.6%+7.8%+3.0%+0.9%
Q4 2024+25.5%+23.1%+4.7%+1.6%+0.5%
Q1 2025+22.6%+19.6%+6.2%+2.0%+0.6%
Q2 2025+34.1%+32.1%+10.2%+4.2%+1.4%
Q3 2025+29.9%+28.1%+9.7%+3.6%+1.2%
Q4 2025+18.1%+14.4%+7.2%+2.1%+0.7%
Q1 2026+26.5%+34.3%+14.1%+4.5%+1.5%
Q2 2026+31.1%+28.5%+14.0%+4.9%+1.6%
PeriodCashDebtNet debtCurrent ratio
Q3 2024$6B$9.7B$3.7B2.33
Q4 2024$3.9B$9.7B$5.8B2.42
Q1 2025$4.5B$9.4B$4.9B2.32
Q2 2025$4B$9.3B$5.2B2.47
Q3 2025$3.8B$9.3B$5.5B2.45
Q4 2025$3.4B$11.5B$8.1B2.29
Q1 2026$4B$10.4B$6.4B2.39
Q2 2026$4.1B$10.4B$6.3B2.07
PeriodMarket capEnterprise valueP/SP/E
Q3 2024$72.1B$75.7B10.834.7
Q4 2024$54.7B$60.5B9.350.1
Q1 2025$54.7B$59.5B9.839.4
Q2 2025$62.6B$67.8B8.320.4
Q3 2025$56.6B$62B8.121.3
Q4 2025$73.3B$81.4B13.045.3
Q1 2026$84.9B$91.3B13.624.1
Q2 2026$90.8B$97B12.923.1

Refreshed 3h ago

Charts: revenue, profit, cash flow & valuation
Revenue$7BQ2 2026
$1.9B$3.8B$5.7B$7.6BQ3 2023: $5.9BQ4 2023: $5.8BQ1 2024: $6.2BQ2 2024: $6.4BQ3 2024: $6.7BQ4 2024: $5.9BQ1 2025: $5.6BQ2 2025: $7.6BQ3 2025: $7BQ4 2025: $5.6BQ1 2026: $6.2BQ2 2026: $7BQ3 2023Q2 2026
Net income$984MQ2 2026
$246M$492M$738M$984MQ3 2023: $449MQ4 2023: $387MQ1 2024: $468MQ2 2024: $610MQ3 2024: $520MQ4 2024: $274MQ1 2025: $346MQ2 2025: $772MQ3 2025: $674MQ4 2025: $406MQ1 2026: $881MQ2 2026: $984MQ3 2023Q2 2026
EBITDA$2.5BQ2 2026
$785.3M$1.6B$2.4B$3.1BQ3 2023: $2.1BQ4 2023: $2.4BQ1 2024: $2.4BQ2 2024: $2.6BQ3 2024: $2.6BQ4 2024: $1.8BQ1 2025: $1.8BQ2 2025: $3.1BQ3 2025: $2.6BQ4 2025: $1.1BQ1 2026: $2.7BQ2 2026: $2.5BQ3 2023Q2 2026
Free cash flow$3BQ2 2026
$756.3M$1.6B$2.5B$3.4BQ3 2023: $58MQ4 2023: -$42MQ1 2024: $642MQ2 2024: $840MQ3 2024: $673MQ4 2024: $197MQ1 2025: -$114MQ2 2025: $3.4BQ3 2025: $608MQ4 2025: $1.7BQ1 2026: $522MQ2 2026: $3BQ3 2023Q2 2026
EPS$0.68Q2 2026
$0.17$0.34$0.51$0.68Q3 2023: $0.31Q4 2023: $0.27Q1 2024: $0.32Q2 2024: $0.42Q3 2024: $0.36Q4 2024: $0.19Q1 2025: $0.24Q2 2025: $0.53Q3 2025: $0.47Q4 2025: $0.28Q1 2026: $0.61Q2 2026: $0.68Q3 2023Q2 2026
Cash / Debt$4.1BQ2 2026
$2.9B$5.8B$8.6B$11.5BQ3 2023 · Cash: $5.7BQ3 2023 · Debt: $9.4BQ4 2023 · Cash: $4.8BQ4 2023 · Debt: $9.9BQ1 2024 · Cash: $6.1BQ1 2024 · Debt: $9.4BQ2 2024 · Cash: $6.2BQ2 2024 · Debt: $9.4BQ3 2024 · Cash: $6BQ3 2024 · Debt: $9.7BQ4 2024 · Cash: $3.9BQ4 2024 · Debt: $9.7BQ1 2025 · Cash: $4.5BQ1 2025 · Debt: $9.4BQ2 2025 · Cash: $4BQ2 2025 · Debt: $9.3BQ3 2025 · Cash: $3.8BQ3 2025 · Debt: $9.3BQ4 2025 · Cash: $3.4BQ4 2025 · Debt: $11.5BQ1 2026 · Cash: $4BQ1 2026 · Debt: $10.4BQ2 2026 · Cash: $4.1BQ2 2026 · Debt: $10.4BQ3 2023Q2 2026
CashDebt
Profitability+31.1%Q2 2026
+8.6%+17.1%+25.7%+34.3%Q3 2023 · Gross margin: +29.9%Q4 2023 · Gross margin: +31.4%Q1 2024 · Gross margin: +28.1%Q2 2024 · Gross margin: +30.8%Q3 2024 · Gross margin: +29.7%Q4 2024 · Gross margin: +25.5%Q1 2025 · Gross margin: +22.6%Q2 2025 · Gross margin: +34.1%Q3 2025 · Gross margin: +29.9%Q4 2025 · Gross margin: +18.1%Q1 2026 · Gross margin: +26.5%Q2 2026 · Gross margin: +31.1%Q3 2023 · Operating margin: +26.2%Q4 2023 · Operating margin: +27.9%Q1 2024 · Operating margin: +24.7%Q2 2024 · Operating margin: +28.4%Q3 2024 · Operating margin: +27.6%Q4 2024 · Operating margin: +23.1%Q1 2025 · Operating margin: +19.6%Q2 2025 · Operating margin: +32.1%Q3 2025 · Operating margin: +28.1%Q4 2025 · Operating margin: +14.4%Q1 2026 · Operating margin: +34.3%Q2 2026 · Operating margin: +28.5%Q3 2023 · Net margin: +7.7%Q4 2023 · Net margin: +6.7%Q1 2024 · Net margin: +7.5%Q2 2024 · Net margin: +9.6%Q3 2024 · Net margin: +7.8%Q4 2024 · Net margin: +4.7%Q1 2025 · Net margin: +6.2%Q2 2025 · Net margin: +10.2%Q3 2025 · Net margin: +9.7%Q4 2025 · Net margin: +7.2%Q1 2026 · Net margin: +14.1%Q2 2026 · Net margin: +14.0%Q3 2023Q2 2026
Gross marginOperating marginNet margin
Revenue growth-7.3%Q2 2026
-3.2%+4.2%+11.6%+19.0%Q3 2024: +13.8%Q4 2024: +1.4%Q1 2025: -10.6%Q2 2025: +19.0%Q3 2025: +4.4%Q4 2025: -4.2%Q1 2026: +12.2%Q2 2026: -7.3%Q3 2023Q2 2026
Shares outstanding1.4BQ2 2026
361.3M722.5M1.1B1.4BQ3 2023: 1.4BQ4 2023: 1.4BQ1 2024: 1.4BQ2 2024: 1.4BQ3 2024: 1.4BQ4 2024: 1.4BQ1 2025: 1.4BQ2 2025: 1.4BQ3 2025: 1.4BQ4 2025: 1.4BQ1 2026: 1.4BQ2 2026: 1.4BQ3 2023Q2 2026
Valuation23.1Q2 2026
12.525.137.650.1Q3 2023 · P/E: 29.8Q4 2023 · P/E: 39.4Q1 2024 · P/E: 35.9Q2 2024 · P/E: 28.8Q3 2024 · P/E: 34.7Q4 2024 · P/E: 50.1Q1 2025 · P/E: 39.4Q2 2025 · P/E: 20.4Q3 2025 · P/E: 21.3Q4 2025 · P/E: 45.3Q1 2026 · P/E: 24.1Q2 2026 · P/E: 23.1Q3 2023 · P/S: 9.1Q4 2023 · P/S: 10.5Q1 2024 · P/S: 10.9Q2 2024 · P/S: 10.9Q3 2024 · P/S: 10.8Q4 2024 · P/S: 9.3Q1 2025 · P/S: 9.8Q2 2025 · P/S: 8.3Q3 2025 · P/S: 8.1Q4 2025 · P/S: 13.0Q1 2026 · P/S: 13.6Q2 2026 · P/S: 12.9Q3 2023Q2 2026
P/EP/S
Revenue$25.7B2025
$6.4B$12.9B$19.3B$25.7B2018: $19B2019: $14.4B2020: $13.9B2021: $22.4B2022: $23.3B2023: $22.7B2024: $25.5B2025: $25.7B20182025
Net income$2.2B2025
$891M$2B$3.2B$4.3B2018: $2.6B2019: -$245M2020: $596M2021: $4.3B2022: $3.5B2023: $1.8B2024: $1.9B2025: $2.2B20182025
EBITDA$8.8B2025
$2.6B$5.1B$7.7B$10.3B2018: $6.2B2019: $2.3B2020: $3.9B2021: $10.3B2022: $9.3B2023: $8.6B2024: $9.5B2025: $8.8B20182025
Free cash flow$1.1B2025
$522.5M$2.2B$3.9B$5.6B2018: $1.8B2019: -$1.2B2020: $1.1B2021: $5.6B2022: $1.7B2023: $455M2024: $2.4B2025: $1.1B20182025
EPS$1.522025
$0.6$1.37$2.13$2.92018: $1.792019: -$0.172020: $0.412021: $2.92022: $2.392023: $1.282024: $1.32025: $1.5220182025
Cash / Debt$3.4B2025
$2.9B$5.8B$8.6B$11.5B2018 · Cash: $4.2B2018 · Debt: $11.1B2019 · Cash: $2B2019 · Debt: $10.1B2020 · Cash: $3.7B2020 · Debt: $9.9B2021 · Cash: $8.1B2021 · Debt: $9.8B2022 · Cash: $8.1B2022 · Debt: $11B2023 · Cash: $5.7B2023 · Debt: $10.2B2024 · Cash: $3.9B2024 · Debt: $9.7B2025 · Cash: $3.4B2025 · Debt: $11.5B20182025
CashDebt
Profitability+27.0%2025
+8.0%+17.7%+27.4%+37.1%2018 · Gross margin: +30.3%2019 · Gross margin: +8.3%2020 · Gross margin: +17.3%2021 · Gross margin: +37.1%2022 · Gross margin: +34.7%2023 · Gross margin: +30.3%2024 · Gross margin: +29.5%2025 · Gross margin: +27.0%2018 · Operating margin: +27.5%2019 · Operating margin: +4.7%2020 · Operating margin: +13.6%2021 · Operating margin: +34.9%2022 · Operating margin: +32.4%2023 · Operating margin: +26.8%2024 · Operating margin: +27.0%2025 · Operating margin: +24.4%2018 · Net margin: +13.8%2019 · Net margin: -1.7%2020 · Net margin: +4.3%2021 · Net margin: +19.2%2022 · Net margin: +14.8%2023 · Net margin: +8.1%2024 · Net margin: +7.4%2025 · Net margin: +8.6%20182025
Gross marginOperating marginNet margin
Revenue growth+1.1%2025
-2.9%+18.4%+39.8%+61.2%2019: -24.3%2020: -3.4%2021: +61.2%2022: +4.4%2023: -2.7%2024: +12.1%2025: +1.1%20182025
Shares outstanding1.4B2025
370.5M741M1.1B1.5B2018: 1.5B2019: 1.5B2020: 1.5B2021: 1.5B2022: 1.5B2023: 1.4B2024: 1.4B2025: 1.4B20182025
Valuation33.22025
-42.4-7.128.263.52018 · P/E: 5.72019 · P/E: -77.72020 · P/E: 63.52021 · P/E: 14.22022 · P/E: 15.82023 · P/E: 33.32024 · P/E: 29.12025 · P/E: 33.22018 · P/S: 0.82019 · P/S: 1.32020 · P/S: 2.72021 · P/S: 2.72022 · P/S: 2.32023 · P/S: 2.72024 · P/S: 2.22025 · P/S: 2.820182025
P/EP/S

Next catalyst

Catalysts

Earnings
2026-10-22
Revenue est. $7.3B · Updated 3h ago
Dividend
$0.15
2026-07-15

No unusual perp activity right now.

Research data

Analysts, filings and peer context

Estimates

6
DateEPS estimateRevenue estimateGrowthAnalysts
FY 20262.97$29.4B+14%12
FY 20274.00$35.3B+37%14
FY 20284.46$36.3B+41%10
FY 20294.70$41.8B+62%4
FY 20302.77$41.5B+61%4
Q1 20270.91$8.6B+38%8

Company events

6
2026-10-22EarningsActual - / Estimate 0.73-
2026-07-22EarningsActual 0.68 / Estimate 0.6Beat
2026-07-15Dividend$0.15-
2026-04-23EarningsActual 0.57 / Estimate 0.47Beat
2026-04-15Dividend$0.15-
2026-01-22EarningsActual 0.47 / Estimate 0.29Beat

Peer comparison

Similar listed perps

Analyst track record

How the analysts covering FCX have done: ratings, price-target accuracy and the measured reaction after their calls.

12 months3 years
Ratings133334
Analysts2329
Buy / hold / sell100 / 33 / 0222 / 112 / 0
Upgrades / downgrades / initiations9 / 7 / 620 / 14 / 9
Price targets hit / missed90 / 34 (73%)284 / 34 (89%)
Avg. return after a rating (TipRanks)+21.4%+32.7%
Best / worst call+68.7% / -12.6%+91.5% / -12.6%

After buy calls on this stock: median 21-day move +3.4% vs S&P 500 +0.3% (n = 220)

Most accurate on this stock

Share of an analyst's price targets on this stock that the price reached within 12 months (our measurement over the last 3 years, at least 8 targets). It describes past calls, not the odds of the current one.

  1. Bill PetersonJ.P. Morgan100% hit rate on this stock · 10 targets measuredBuytarget $77.00Jul 12, 2026
  2. Brian MacArthurRaymond James80% hit rate on this stock · 10 targets measuredBuytarget $66.00Jan 14, 2026
  3. Katja JancicBMO Capital70% hit rate on this stock · 10 targets measuredBuytarget $78.00Jul 24, 2026

Latest ratings

DateAnalystCallTarget
Sep 14, 2026Bob BrackettBernsteinHoldMaintained
Sep 10, 2026Nick CashGoldman SachsBuyMaintained$73.00
Sep 9, 2026Bob BrackettBernsteinHoldMaintained$47.00
Sep 3, 2026Vitaly KononovFreedom Capital MarketsHoldDowngraded$75.00
Aug 27, 2026Hans EngelErste GroupBuyInitiated
Consensus over the last 12 months buy hold sell avg. target month-end close
Monthly buy, hold and sell shares of analyst ratings with the average price target and the month-end close$40.00$45.00$50.00$55.00$60.00$65.00$70.00$75.00Oct 25 · Buy 14 · Hold 4 · Sell 0Oct 25Nov 25 · Buy 16 · Hold 2 · Sell 0Dec 25 · Buy 16 · Hold 2 · Sell 0Dec 25Jan 26 · Buy 14 · Hold 3 · Sell 0Feb 26 · Buy 15 · Hold 3 · Sell 0Feb 26Mar 26 · Buy 15 · Hold 3 · Sell 0Apr 26 · Buy 14 · Hold 3 · Sell 0Apr 26May 26 · Buy 15 · Hold 3 · Sell 0Jun 26 · Buy 15 · Hold 3 · Sell 0Jun 26Jul 26 · Buy 14 · Hold 3 · Sell 0Aug 26 · Buy 15 · Hold 3 · Sell 0Aug 26Sep 26 · Buy 15 · Hold 4 · Sell 0Oct 25 · avg. target $48.12Nov 25 · avg. target $48.83Dec 25 · avg. target $50.33Jan 26 · avg. target $57.50Feb 26 · avg. target $60.00Mar 26 · avg. target $61.47Apr 26 · avg. target $69.73May 26 · avg. target $71.94Jun 26 · avg. target $71.56Jul 26 · avg. target $74.71Aug 26 · avg. target $74.71Sep 26 · avg. target $74.67Oct 25 · month-end close $41.70Nov 25 · month-end close $42.98Dec 25 · month-end close $50.79Jan 26 · month-end close $60.23Feb 26 · month-end close $68.08Mar 26 · month-end close $58.78Apr 26 · month-end close $57.78May 26 · month-end close $65.71Jun 26 · month-end close $62.89Jul 26 · month-end close $62.63Aug 26 · month-end close $75.74Sep 26 · month-end close $70.85

Share of analysts per call each month (latest call per analyst within 180 days). Targets and closes in USD.

TipRanks data via FMP · computed Sep 18, 2026 · 133 ratings

Frequently asked questions

Where can I trade FCX perpetual futures?

Freeport-McMoRan (FCX) perpetual futures trade on 4 crypto venues, including BingX, HTX, Bitget. PerpEquities compares them by live price, funding rate, open interest and liquidity.

Can I trade FCX around the clock?

Yes. Unlike the underlying stock, FCX perpetuals trade 24/7 — including weekends and outside regular market hours.

What is the funding rate on FCX perpetuals?

Right now the FCX perp funding rate is 0.0% annualized (venue median), ranging from 0.0% to +5.5% across 4 venues. A positive rate means longs pay shorts. PerpEquities shows the live rate and its history for every venue.

How does the FCX perp price compare to the Freeport-McMoRan stock?

The venue-median FCX perp mark is $71.1 versus a reference stock price of $71.1, a basis of 0.0%. Perps follow the stock through an index price; the gap widens when funding or liquidity diverge between venues.

What is a FCX perpetual future?

A FCX perpetual is a derivative that tracks the price of Freeport-McMoRan with no expiry date. It lets you take long or short exposure to Freeport-McMoRan on crypto venues, around the clock.

What is FCXUSDT perpetual?

FCXUSDT is the symbol most crypto exchanges use for the Freeport-McMoRan perpetual settled in USDT (Tether). It tracks the FCX share price through an index, trades 24/7 with leverage and never expires.

Embed this asset

FCX perpetuals · perpequities.comFCX perpetuals · perpequities.com
<a href="https://perpequities.com/stocks/fcx-perp"><img src="https://perpequities.com/badge/fcx-perp.svg" width="240" height="64" alt="FCX perpetuals · perpequities.com" loading="lazy"></a>

Next step

Stay on top of FCX perps

Signals with a track record

Analysts who hit 70%+ of their targets on the perps we track, congress buys over $500k, 13F positions over $5M, funding spreads that have paid for days. Every post shows the evidence. Free, no sign-up.

Join on Telegram

Weekly digest by email

The listings, funding and moves that matter for FCX — one email every Sunday.

Watchlist and alerts

Price and funding alerts for FCX, via push or Telegram.

Set an alert

Follow the live feed

Daily movers, new listings and funding extremes as they happen.

Follow on X