Freeport-McMoRan vs International Paper
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The short version
- Freeport-McMoRan is the larger business, with $25.9B of revenue in fiscal 2025 against $23.6B for International Paper.
- International Paper grew revenue faster (49.3%, against 1.8%).
- Freeport-McMoRan turned more of its sales into free cash flow (4.3% FCF margin, against −0.7%).
- Freeport-McMoRan earned a higher return on the capital invested in it (12.1%, against −12.3%).
| Latest fiscal year | FCX · FY25 | IP · FY25 |
|---|---|---|
| Size | ||
| Market cap | $94.1B | $17.6B |
| Revenue | $25.9B | $23.6B |
| Free cash flow | $1.1B | −$159M |
| Net income | $2.2B | −$3.5B |
| Growth | ||
| Revenue growth | 1.8% | 49.3% |
| 5-year growth | 12.8% | 6.1% |
| Share count change | −0.1% | 42.8% |
| Profitability | ||
| Gross margin | 28.2% | 29.6% |
| Operating margin | 25.2% | — |
| Net margin | 8.5% | −14.9% |
| FCF margin | 4.3% | −0.7% |
| Return on capital | 12.1% | −12.3% |
| Return on equity | 12.1% | −30.6% |
| Balance sheet | ||
| Net debt | $5.6B | $8.7B |
| Net debt / EBITDA | 0.6x | — |
| Dividends and buybacks | $972M | $1.0B |
| Valuation & quality | ||
| P/E | — | — |
| Piotroski F-score | 6 | 4 |
Revenue
FY16
FCX $14.8B
IP $19.5B
FY17
FCX $16.4B
IP $21.7B
FY18
FCX $18.6B
IP $23.3B
FY19
FCX $14.4B
IP $18.3B
FY20
FCX $14.2B
IP $17.6B
FY21
FCX $22.8B
IP $19.4B
FY22
FCX $22.8B
IP $21.2B
FY23
FCX $22.9B
IP $16.0B
FY24
FCX $25.5B
IP $15.8B
FY25
FCX $25.9B
IP $23.6B
FCX
IP
Operating margin
FY16
FCX −18.4%
IP —
FY17
FCX 22.5%
IP —
FY18
FCX 25.5%
IP —
FY19
FCX 7.6%
IP —
FY20
FCX 17.2%
IP —
FY21
FCX 36.6%
IP —
FY22
FCX 30.9%
IP —
FY23
FCX 27.2%
IP —
FY24
FCX 27.0%
IP —
FY25
FCX 25.2%
IP —
FCX
IP
Free cash flow
FY16
FCX $924M
IP $1.2B
FY17
FCX $3.3B
IP $477M
FY18
FCX $1.9B
IP $1.7B
FY19
FCX −$1.2B
IP $2.5B
FY20
FCX $1.1B
IP $2.4B
FY21
FCX $5.6B
IP $1.6B
FY22
FCX $1.7B
IP $1.2B
FY23
FCX $455M
IP $692M
FY24
FCX $2.4B
IP $757M
FY25
FCX $1.1B
IP −$159M
FCX
IP
Return on capital
FY16
FCX −10.9%
IP 8.4%
FY17
FCX 18.9%
IP 10.3%
FY18
FCX 15.8%
IP 11.1%
FY19
FCX 2.2%
IP 4.7%
FY20
FCX 4.9%
IP 2.9%
FY21
FCX 23.8%
IP 8.1%
FY22
FCX 18.0%
IP 14.4%
FY23
FCX 13.1%
IP 5.2%
FY24
FCX 13.3%
IP 6.3%
FY25
FCX 12.1%
IP −12.3%
FCX
IP
Each company's latest fiscal year; fiscal years end in different months. The best value in each row is highlighted where higher (or lower) is clearly better. Not investment advice.