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What is FCX's Inventory?

  Freeport-McMoRan Inc ( FCX ) |
1994 - 2021 (28 years)

Inventory is 
$15.5B (1Y -5.1% )

FCX Stock Price & Inventory

Inventory for FCX competitors.
TECK BBL RIO APC NEM BHP SCCO VALE
Note: Stonk = Stock. Both words are used interchangeably. 🙂

Historical (All-Time) Stats for Inventory

chevron_right 2021 $3.9B +4.0x
( +5.9% / year avg)
chevron_left 1994 $782.2M
vertical_align_top Peak $21.4B +26.3x
vertical_align_bottom Bottom $782.2M
arrow_drop_up # Up Years 17 17 of 28
years up.
arrow_drop_down # Down Years 11
Up Years = Positive (0%+) YoY change
Down Years = Zero or Negative (0% or less) YoY change

Key Points (Stonk Price Comparison)

  • FCX's stock price has rallied +111% from $7.73 in 1994 , or +0.03x the rate relative to it's inventory over the same period.
  • If FCX grows it's stock at the same rate as it's inventory (+5.9%/year) , it's stock price will grow +177% and hit $29.02 over the next 10 years.
  • FCX's stock price has gone up 11 of the 17 years (+64%) it's inventory were also up.
  • FCX Historical Inventory Table
    in $ million
    Year Inventory YoY % Change Stock Price YoY % Change (Stock Price)
    4/1/2021 $3,893 -75.1% $16.36 80.4%
    4/1/2020 $15,629 -13.3% $9.07 -5.3%
    4/1/2019 $18,031 12.7% $9.58 -41.7%
    4/1/2018 $16,001 7.4% $16.42 47.5%
    4/1/2017 $14,904 -11.0% $11.14 3.7%
    4/1/2016 $16,745 -21.7% $10.74 -42.8%
    4/1/2015 $21,375 1.3% $18.79 -40.3%
    4/1/2014 $21,097 10.0% $31.45 19.2%
    4/1/2013 $19,184 16.8% $26.38 0.4%
    4/1/2012 $16,424 12.4% $26.28 -36.3%
    4/1/2011 $14,612 33.2% $41.24 52.7%
    4/1/2010 $10,972 -1.4% $27.0 29.2%
    4/1/2009 $11,128 -5.2% $20.91 -52.1%
    4/1/2008 $11,733 49.7% $43.68 49.2%
    4/1/2007 $7,837 188.1% $29.28 49.9%
    4/1/2006 $2,720 51.2% $19.54 67.2%
    4/1/2005 $1,798 5.4% $11.69 9.7%
    4/1/2004 $1,706 11.3% $10.65 55.7%
    4/1/2003 $1,533 35.4% $6.84 11.7%
    4/1/2002 $1,132 -26.1% $6.12 26.0%
    4/1/2001 $1,533 -1.3% $4.86 70.6%
    4/1/2000 $1,553 -8.2% $2.85 -40.0%
    4/1/1999 $1,692 89.7% $4.75 -18.2%
    4/1/1998 $892 -36.2% $5.81 -33.8%
    4/1/1997 $1,398 -27.1% $8.77 -9.7%
    4/1/1996 $1,919 39.0% $9.71 25.6%
    4/1/1995 $1,381 76.6% $7.73 0.0%
    4/1/1994 $782 - $7.73 -

  • About
    Industry: Copper
    Sector: Basic Materials
    Country: US
    IPO Date: 5/5/1988
    Stonk Exchange: NYSE
    • Freeport-McMoRan, Inc
    • engages in the mining of copper, gold, and molybdenum.
    • The company is headquartered in Phoenix, Arizona and currently employs 26,800 full-time employees.
    • The firm operates through geographical assets with proven and probable reserves of copper, gold and molybdenum, and traded copper producer.
    • The firm's segments include refined copper products, copper in concentrate, gold, molybdenum, oil and other.
    • The firm's segments include the Morenci, Cerro Verde, Grasberg copper mines, the Rod & Refining operations and the United States (U.
    • S
    • ) Oil and Gas Operations
    • The firm has organized its operations into five divisions, which include North America copper mines, South America mining, Indonesia mining and Molybdenum mines.
    • The firm's portfolio of assets includes the Grasberg minerals district in Indonesia, copper and gold deposits, and mining operations in the Americas, including the large-scale Morenci minerals district in North America and the Cerro Verde operation in South America.

  • Inventory represents the company's raw materials, work-in-progress goods and finished goods. Depending on the company, the exact makeup of the inventory account will differ. For example, a manufacturing firm will carry a large number of raw materials, while a retail firm carries none. The makeup of a retailer's inventory typically consists of goods purchased from manufacturers and wholesalers.

    For more detailed definitions, please see Investopedia.