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.
FCX
Freeport-McMoRan Inc.
$72.04Basic MaterialsDelayed quote: Oct 2, 2026, 4:01 PM EDT
WPM
Wheaton Precious Metals Corp.
$136.28Basic MaterialsDelayed quote: Oct 2, 2026, 4:00 PM EDT
Total return — FCX vs WPM
growth of $100 · dividends reinvested · last 10yFCX +633.0% (+22.0%/yr)WPM +557.6% (+20.7%/yr)FCX compounded faster over this window
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
| Metric | FCX | WPM |
|---|---|---|
| P/E ratio | 35.31 | 30.22 |
| Forward P/E | 24.23 | 28.76 |
| PEG ratio | 1.18 | 1.34 |
| P/S ratio | 4.00 | 19.51 |
| P/B ratio | 5.15 | 6.39 |
| EV / EBITDA | 12.13 | 23.95 |
Profitability
| Metric | FCX | WPM |
|---|---|---|
| Gross margin | 26.85% | 77.30% |
| Operating margin | 26.70% | 72.80% |
| Net margin | 11.38% | 64.66% |
| ROE | 14.65% | 21.17% |
| ROIC | 8.80% | 16.61% |
Dividends
| Metric | FCX | WPM |
|---|---|---|
| Dividend yield | 0.83% | 0.55% |
| Payout ratio | 29.41% | 16.63% |
Growth (annualized)
| Metric | FCX | WPM |
|---|---|---|
| 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.
Go deeper
Dig into the metrics
Freeport-McMoRan P/E ratioWheaton Precious Metals P/E ratioFreeport-McMoRan dividend yieldWheaton Precious Metals dividend yieldFreeport-McMoRan ROEWheaton Precious Metals ROEFreeport-McMoRan operating marginWheaton Precious Metals operating marginFreeport-McMoRan revenue growthWheaton Precious Metals revenue growthFreeport-McMoRan free cash flowWheaton Precious Metals free cash flow
Freeport-McMoRan & Wheaton Precious Metals appear in these rankings
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.