Freeport-McMoRan Inc. (FCX) vs Wheaton Precious Metals Corp. (WPM)

A side-by-side comparison of Freeport-McMoRan Inc. and Wheaton Precious Metals Corp. across valuation, profitability, dividends, and growth — built entirely from reported fundamentals, as of August 20, 2026. Differences are shown without an overall score or investment verdict.

Compare

Total returnFCX vs WPM

growth of $100 · dividends reinvested · last 10y
FCX +534.9% (+20.3%/yr)WPM +480.0% (+19.2%/yr)FCX compounded faster over this window
200400600Start $10020182020202220242026$635$580
FCX WPM

FCX vs WPM: by the numbers

  • FCX is the larger company ($99.32B vs $66.95B market cap).
  • WPM trades at the lower trailing earnings multiple (32.69 vs 33.87 P/E), one valuation lens rather than an overall verdict.
  • WPM converts more revenue to profit (64.66% vs 11.38% net margin).
  • WPM grew revenue faster over the past five years (20.52% vs 7.30% CAGR).
  • FCX pays the higher dividend yield (0.87% vs 0.49%).

Metrics side by side

Valuation

MetricFCXWPM
P/E ratio33.8732.69
Forward P/E23.7030.34
P/S ratio3.8521.14
P/B ratio4.966.92
EV / EBITDA11.7025.90
FCF yield5.94%1.78%

Profitability

MetricFCXWPM
Gross margin26.85%77.30%
Operating margin26.70%72.80%
Net margin11.38%64.66%
ROE14.65%21.17%
ROIC8.80%16.61%

Dividends

MetricFCXWPM
Dividend yield0.87%0.49%
Payout ratio39.22%21.82%

Growth (annualized)

MetricFCXWPM
Revenue CAGR (5Y)7.30%20.52%
EPS CAGR (5Y)30.14%22.63%
FCF CAGR (5Y)6.08%-5.56%
Total return CAGR (5Y)17.96%29.71%

Frequently asked

Which has the lower trailing P/E, FCX or WPM?
WPM has the lower trailing P/E: FCX trades at 33.87 and WPM at 32.69. P/E is one valuation measure and does not by itself establish which business is cheaper.
Which has grown faster, FCX or WPM?
Over the past five years, WPM grew revenue faster — FCX at a 7.30% CAGR versus WPM at 20.52%.
Does FCX or WPM pay a bigger dividend?
FCX yields 0.87% and WPM yields 0.49% based on trailing dividends and the latest price.
Is FCX or WPM more profitable?
WPM runs the higher net margin — FCX at 11.38% versus WPM at 64.66%.
How have FCX and WPM total returns compared?
Over the past 10 years, FCX delivered 20.42% and WPM delivered 19.08% annualized total return. Past performance doesn't predict future results.

Figures are sourced from reported fundamentals and the latest end-of-day price. This comparison is informational only and is not investment advice. Past performance does not predict future results. See our methodology. Compiled by TGMCharts Research · data verified August 20, 2026.