• Freeport-McMoRan average return on tangible equity for 2024 was 6.7, a 21.82% decline from 2023.
• 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.

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.