Freeport-McMoRan (FCX) vs Hudbay Minerals (HBM)
Head-to-head comparison of performance, valuation, growth, profitability and dividends. Prices delayed 15 minutes; data as of Oct 8, 2026.
Summary
Freeport-McMoRan (FCX) has outperformed Hudbay Minerals (HBM) over the past year, gaining 76.6% versus a gain of 63.8%. Over five years, HBM leads with a +245.9% price change compared with +86.0% for FCX. Freeport-McMoRan is the larger company by market cap ($103.19 billion vs $11.49 billion), about 9.0 times the size, while Hudbay Minerals is growing revenue faster (+9.4% vs +1.8%).
On valuation, Hudbay Minerals trades at a lower forward P/E (13.0x vs 16.7x for Freeport-McMoRan). Freeport-McMoRan offers the higher dividend yield (0.83% vs 0.08%). Hudbay Minerals converts more of its revenue into profit, with a net margin of 25.7% versus 16.0%.
Summary generated from market data by MetaCap's automated system. Methodology
Relative performance
Percent change in share price from the first common trading day shown; excludes dividends.
Head-to-head
| Metric | FCX | HBM |
|---|---|---|
| Share price | $71.86 | $25.87 |
| Market cap | $103.19B | $11.49B |
| 1-day change | -0.96% | -4.01% |
| YTD return | +41.48% | +30.33% |
| 1-year return | +76.60% | +63.84% |
| 5-year return | +85.97% | +245.86% |
| P/E ratio (TTM) | 35.75 | 15.13 |
| Forward P/E | 16.74 | 12.97 |
| EPS (TTM) | $2.01 | $1.71 |
| Dividend yield | 0.83% | 0.08% |
| Annual dividend | $0.60 | $0.021 |
| Revenue (latest FY) | $25.91B | $2.21B |
| Revenue growth (YoY) | +1.81% | +9.39% |
| Net income (latest FY) | $4.15B | $568.50M |
| Gross margin | 28.16% | 33.61% |
| Operating margin | 25.15% | 41.45% |
| Net margin | 16.02% | 25.71% |
| 52-week high | $80.24 | $32.15 |
| 52-week low | $38.54 | $14.34 |
| Distance from 52-week high | -10.44% | -19.53% |
| Analyst consensus | buy | strong_buy |
| Avg. price target upside | +6.65% | +35.37% |
| Average volume | 13.40M | 4.53M |
| Shares outstanding | 1.44B | 444.14M |
| Employees | 29,000 | — |
| Sector | Basic Materials | Basic Materials |
| Industry | Metal Mining | Metal Mining |
Highlighted cells mark the higher value for growth, returns, margins and yield, and the lower value for P/E ratios. Highlighting is a mechanical comparison, not a recommendation.
Key differences
- Freeport-McMoRan is about 9.0 times larger than Hudbay Minerals by market value ($103.19B vs $11.49B).
- FCX has outperformed HBM by 12.8 percentage points over the past year.
- Freeport-McMoRan trades at a higher earnings multiple (35.8x vs 15.1x trailing P/E).
- Hudbay Minerals is more profitable, keeping 25.7 cents of every revenue dollar as net income versus 16.0 cents for Freeport-McMoRan.
- Hudbay Minerals grew revenue faster in its latest fiscal year (+9.39% vs +1.81%).
About Freeport-McMoRan
FCX stock →Freeport-McMoRan Inc. engages in the mining of mineral properties in North America, South America, and Indonesia.
Basic Materials · Metal Mining · 29,000 employees
About Hudbay Minerals
HBM stock →Hudbay Minerals Inc., a diversified mining company, focuses on the exploration, development, operation, and optimization of properties in North and South America. It primarily explores for copper concentrates containing copper, gold, zinc, molybdenum concentrates, and silver.
Basic Materials · Metal Mining
FCX vs HBM FAQ
Which is bigger, Freeport-McMoRan or Hudbay Minerals?
Freeport-McMoRan (FCX) is larger, with a market capitalization of $103.19B compared with $11.49B for Hudbay Minerals (HBM).
Which stock has performed better over the past year, FCX or HBM?
FCX returned +76.60% over the past 12 months, compared with +63.84% for HBM (price return, excluding dividends). Past performance does not predict future results.
Which has the lower P/E ratio, FCX or HBM?
HBM has the lower trailing P/E at 15.1, versus 35.8 for FCX. A lower P/E is not by itself a sign of a better investment; it can reflect slower expected growth or higher risk.
Which pays a higher dividend, Freeport-McMoRan or Hudbay Minerals?
Freeport-McMoRan has the higher yield at 0.83%, compared with 0.08% for Hudbay Minerals.
Are Freeport-McMoRan and Hudbay Minerals in the same industry?
Yes. Both are classified in the Metal Mining industry within the Basic Materials sector.