Stock Comparison

FCX vs UAMY

Freeport-McMoRan Inc vs United States Antimony Corp

Who's the better investment? Let's break it down.

The Verdict

UAMY takes this one.

This one's close — only 1.3 points separating them. UAMY wins by a hair, but both deserve a closer look.

FCX

Freeport-McMoRan Inc

0.6

out of 10

Distressed
Winner
UAMY

United States Antimony Corp

1.9

out of 10

Distressed

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Valuation

FCX

Metric

UAMY

$88.3B

Market Cap

$1.2B
40.1

P/E Ratio

Lower may indicate better value

527.0
24.1

Forward P/E

125.9
2.3

Price/Book

23.5
14.2

EV/EBITDA

287.0

Profitability & Growth

FCX

Metric

UAMY

7.8%

Profit Margin

-11.1%
25.4%

Gross Margin

25.1%
22.3%

Operating Margin

-13.1%
12.0%

Return on Equity

-6.1%
3.9%

Return on Assets

-5.4%
-28.0%

Revenue Growth

162.8%
$1.53

EPS

$-0.03

Financial Health

FCX

Metric

UAMY

0.5

Debt-to-Equity

Lower = less leverage

0.0
2.3

Current Ratio

Above 1.0 is healthy

5.4
1.4

Beta

Lower = less volatile

0.3
1.0%

Dividend Yield

None

Risk Comparison

FCX

Overall
Moderate
Financial
Low
Market
Medium
Competitive
Low
Execution
Medium
Regulatory
Medium

What Could Go Wrong

The biggest risk is the confluence of sustained weakness in global copper prices and persistent operational delays at the Grasberg Block Cave. Such a scenario would significantly impact FCX's revenue,...

Red Flags

  • 🚩Significant insider selling in Q1 2026 (~$35.84M by CEO/CFO) signals potential lack of extraordinary...
  • 🚩Downward revision of 2026 copper and gold production guidance due to Grasberg delays highlights exec...
  • 🚩Capacity expansions from competitors (Kamoa-Kakula, Oyu Tolgoi) could ease copper supply tightness, ...

UAMY

Overall
Aggressive investment
Financial
High
Market
Medium
Competitive
High
Execution
High
Regulatory
Low

What Could Go Wrong

The biggest risk is the company's inability to rapidly scale revenue from Q1's $6.8M to meet its reiterated $125M FY2026 guidance, coupled with its failure to reverse the sharp decline in gross margin...

Red Flags

  • 🚩Q1 2026 revenue of $6.8M, a -2.9% YoY decline, significantly off pace for the $125M FY2026 guidance.
  • 🚩Gross margin plummeted from 34% in Q1 2025 to 16% in Q1 2026, alongside a swing to an $11.29M net lo...
  • 🚩Cash and cash equivalents fell from $30.7M to $3.4M quarter-over-quarter, indicating severe cash bur...

Competitive Moat

FCX

Rating

🛡️ Narrow

Trend

➡️ Stable

Cost AdvantagesIntangible Assets/IP

UAMY

Rating

🛡️ None

Trend

➡️ Eroding

Cost Advantages (currently eroding due to rising input costs)Intangible Assets/IP (potential, but not explicitly stated or quantified)

Investment Thesis

FCX0.6/10

Freeport-McMoRan is a leading supplier of copper, critically positioned to benefit from the accelerating global energy transition. Its world-class, low-cost assets, improving operational efficiency, and disciplined capital allocation make it a robust investment for long-term exposure to essential minerals, offering solid returns rather than exponential 10x growth.

Full FCX Analysis
UAMY1.9/10

If UAMY can execute an unprecedented operational turnaround, rapidly ramping Q2-Q4 2026 revenue to meet its $125M guidance, while simultaneously reversing the sharp decline in gross margins (back above 25-30%) and controlling operating expenses to achieve profitability, then the company could stabilize and potentially see a valuation recovery. This is bullish because the market is currently pricin...

Full UAMY Analysis

Price Targets & Strategy

Price Targets & Entry/Exit Strategy

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Growth Catalysts

Growth Catalysts Comparison

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Market Sentiment

Market Sentiment Analysis

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The Deep Dive

FCX0.6/10

Freeport-McMoRan (FCX) continues to demonstrate strong operational performance and financial health, evidenced by its Q1 2026 revenue and EPS beats (+8.7% revenue YoY, +150% net income YoY) and significantly improving net margins. The company benefits from secular tailwinds in copper demand, driven by global electrification, and boasts world-class assets like Grasberg with long-life reserves. However, as a large-cap, capital-intensive commodity mining operation, its business model fundamentally ...

Full FCX Analysis
UAMY1.9/10

United States Antimony Corp (UAMY) presents a significantly elevated risk profile and diminished 10x growth potential following its Q1 2026 earnings report. While the company reiterated its ambitious $125M revenue guidance for FY2026, Q1 revenue of $6.8M represented a 2.9% YoY decline, gross margin plummeted from 34% to 16%, and the company swung to a substantial net loss of $11.29M from a profit. Critically, cash fell to $3.4M by quarter-end, necessitating an immediate $48.6M equity raise, sign...

Full UAMY Analysis

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Not Financial Advice

This comparison is for educational purposes only. We are not financial advisors. Always do your own research and consult a qualified financial advisor before making investment decisions.

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