Freeport-McMoRan Inc. vs NEWMONT CORPORATION, two Mining stocks. A side-by-side on valuation, growth, margins, returns, and what each price is betting.
The margin gap runs twelve points, Newmont's 30.1% net against Freeport's 18%, gold's cycle simply paying better than copper's this trailing year. Newmont converts it to an 8.8% free-cash yield and a 1% dividend at 12.5 times earnings, the sector's most modest pricing on its most reference-grade name; Freeport's trailing multiple is washed out by items, its $90B priced on copper's structural story with 0.31 turns of debt. Returns on equity, 21.4% against 15.1%. The pair swaps the usual roles: the gold major is the value stock and the copper major the faith stock; commodity investors have seen this film with the reels reversed, and recently.
Comparison updated 2026-07-10.
| Metric | FCX | NEM |
|---|---|---|
| Price | $62.31 | $96.09 |
| Market cap | $90.0B | $104.4B |
| Sector | Mining | Mining |
| Stage | Cyclical | Cyclical |
| Implied growth (priced in) | +23.0% | — |
| P/E | — | 12.5 |
| P/B | 2.86 | 2.98 |
| P/S | 3.40 | 4.18 |
| EV/EBITDA | 12.2 | 39.4 |
| Revenue growth | +6.2% | +26.8% |
| Operating margin | 34.2% | — |
| Net margin | 17.9% | 30.1% |
| Return on equity | 15.1% | 21.4% |
| Return on assets | 8.1% | 13.0% |
| Return on invested capital | 14.0% | — |
| FCF yield | 1.9% | 8.8% |
| Dividend yield | 1.0% | 1.0% |
| Debt / equity | 0.31 | 0.14 |
| Current ratio | 2.39 | 2.44 |
| Altman Z (solvency) | 2.76 | 3.50 |
| Piotroski F (quality) | 8 / 9 | 8 / 9 |
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The stronger value is highlighted per metric where one is strictly better on that single number; it is not an overall verdict on either company. For informational and research purposes only. Not investment advice. Not a recommendation to buy, sell, or hold any security. boothcheck is not a registered investment adviser. Past performance does not guarantee future results.