FCX vs TGB: Freeport-McMoran Copper & Gold and Taseko Mines compared
The short version
From the latest prices and each company's SEC filings. Who's ahead on each measure, not which to buy.
- Freeport-McMoran Copper & Gold is the larger company, worth $99.4B, about 37.6 times Taseko Mines.
- Taseko Mines grew revenue faster over the last year (+10.7% vs -7.3%).
- Freeport-McMoran Copper & Gold keeps more of each dollar of revenue as operating profit (26.8% vs 3.0%).
- On earnings, Freeport-McMoran Copper & Gold is the cheaper stock (36.6x vs 180.7x).
Side by side
The stronger figure is shaded where higher (or, for valuation multiples, lower) reads as better. How the implied growth works.
| Measure | FCX | TGB |
|---|---|---|
| Market cap | $99.4B | $2.6B |
| Share price | $73.69 | $8.52 |
| Revenue (last fiscal year) | $25.9B | $673M |
| Free cash flow (last fiscal year) | $1.1B | — |
| Revenue growth, last year | -7.3% | +10.7% |
| Revenue growth per year, last 5 fiscal years | +3.2% | +11.6% |
| Operating margin | 26.8% | 3.0% |
| Net margin | 11.4% | -4.5% |
| Return on equity | 14.7% | -3.9% |
| P/E (trailing) | 36.6x | 180.7x |
| Price / free cash flow | 89.1x | — |
| EV / EBITDA | 11.8x | 17.2x |
| FCF growth the price implies | 24.8% | — |
| Dividend yield | 0.83% | — |
| Debt / equity | 1.37x | 2.18x |
| Fundamental grade | C | F |
| Superinvestors holding it | 9 | 2 |
| Insider purchases, last 12 months | 4 | 0 |
Results from SEC filings
Revenue and free cash flow by fiscal year, from each company's 10-K filings.
Freeport-McMoran Copper & Gold
| Year | Revenue | Free cash flow | Op. margin |
|---|---|---|---|
| 2021 | $22.8B | $5.6B | 36.6% |
| 2022 | $22.8B | $1.7B | 30.9% |
| 2023 | $22.9B | $455M | 27.2% |
| 2024 | $25.5B | $2.4B | 27.0% |
| 2025 | $25.9B | $1.1B | 25.2% |
Taseko Mines
| Year | Revenue | Free cash flow | Op. margin |
|---|---|---|---|
| 2021 | $433M | $147M | 30.1% |
| 2022 | $392M | — | 14.3% |
| 2023 | $525M | — | 23.8% |
| 2024 | $608M | — | 17.1% |
| 2025 | $673M | — | 3.0% |
Where the revenue comes from
Freeport-McMoran Copper & Gold · by segments, 2025
Grasberg Segment$8.6B33%
Rod & Refining$6.9B26%
Cerro Verde$4.7B18%
Atlantic Copper Smelting & Refining$3.2B12%
Morenci$2.6B10%
Taseko Mines
No segment breakdown reported.
Compare them in fullFifteen years of statements, quarterly results, DCF and IRR models, and any number of peers side by side.
Open FCX in InvestinglyQuestions
Which is bigger, Freeport-McMoran Copper & Gold or Taseko Mines?
Freeport-McMoran Copper & Gold (FCX), at $99.4B against $2.6B.
Is FCX or TGB cheaper?
By trailing P/E, Freeport-McMoran Copper & Gold (36.6x) is cheaper than Taseko Mines (180.7x). A lower multiple can also mean the market expects less growth.
Which grows faster, FCX or TGB?
Taseko Mines: revenue grew +10.7% over the last year, against -7.3%.
More comparisons
Prices and ratios as of the last daily update; statements from SEC filings. Information only, not investment advice.