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 October 3, 2026. Differences are shown without an overall score or investment verdict.

Compare

Total return — FCX vs WPM

growth of $100 · dividends reinvested · last 10y
FCX +633.0% (+22.0%/yr)WPM +557.6% (+20.7%/yr)FCX compounded faster over this window
0200400600800Start $10020182020202220242026$733$658
FCX WPM

FCX vs WPM: by the numbers

  • •FCX is the larger company ($103.56B vs $61.89B market cap).
  • •WPM trades at the lower trailing earnings multiple (30.22 vs 35.31 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 (0.83% vs 0.55%).

Metrics side by side

Valuation

MetricFCXWPM
P/E ratio35.3130.22
Forward P/E24.2328.76
PEG ratio1.181.34
P/S ratio4.0019.51
P/B ratio5.156.39
EV / EBITDA12.1323.95

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 yield0.83%0.55%
Payout ratio29.41%16.63%

Growth (annualized)

MetricFCXWPM
Revenue CAGR (5Y)7.30%20.52%
EPS CAGR (5Y)30.14%22.63%
Total return CAGR (5Y)18.63%31.22%

Frequently asked

Which has the lower trailing P/E, FCX or WPM?
WPM has the lower trailing P/E: FCX trades at 35.31 and WPM at 30.22. 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 0.83% and WPM yields 0.55% 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 22.09% and WPM delivered 19.07% 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 October 3, 2026.