• Freeport-McMoRan average return on tangible equity for 2023 was 8.57, a 53.65% decline from 2022.
• Freeport-McMoRan average return on tangible equity for 2022 was 18.49, a 15.85% decline from 2021.
• Freeport-McMoRan average return on tangible equity for 2021 was 15.96, a 1337.21% increase from 2020.

Return on tangible equity can be defined as the amount of net income returned as a percentage of shareholders equity, after subtracting intangible assets, goodwill and preferred equity.