Amcor plc (AMCR)
Amcor makes flexible and rigid packaging for food, beverage, and healthcare products worldwide.
Materials stock comparison
AMCR vs FCX: how the two businesses compare
- Bigger business: FCX, with $25.9B of yearly revenue, about 1.7× AMCR's $15.0B.
- More profitable: FCX keeps 9 cents of each sales dollar as profit, against 3 cents at AMCR.
- More cash from each sale: FCX turns 22 cents of each sales dollar into operating cash flow, against 9 cents at AMCR.
From each company's latest annual SEC filing. Fiscal years can end on different dates.
Freeport-McMoRan (FCX) is the larger business by reported revenue: $25.9B in its fiscal year ended Dec 2025, about 1.7× AMCR's $15.0B (fiscal year ended Jun 2025). AMCR's net margin was 3.4% and FCX's 8.5%. The SEC classifies them differently (Miscellaneous Manufacturing Industries; Metal Mining); what connects them is shared exposure to the International markets research theme, not a common industry.
Figures come from each company's own SEC filings. This page compares the businesses; it is not a price target or a verdict.
- Sector
- Materials
- SEC industry
- Different
- Separate classifications
- Fiscal year ends
- December 31
- Same calendar
- Reviewed
- Aug 14, 2026
AMCR vs FCX: quick comparison
| Company fact | AMCR | FCX |
|---|---|---|
| Company | Amcor plc | Freeport-McMoRan Inc. |
| Exchange | NYSE | NYSE |
| Headquarters | — | Phoenix, Arizona |
| Founded | — | 1912 |
| SEC industry | Miscellaneous Manufacturing Industries | Metal Mining |
| Fiscal year-end | December 31 | December 31 |
| Latest annual filing | 10-K · 2026-08-14 | 10-K · 2026-02-13 |
AMCR vs FCX: audited financials
- Scale: FCX's $25.9B of revenue is about 1.7× AMCR's $15.0B.
- Net margin: FCX kept 8.5% of revenue as net income versus 3.4% at AMCR.
- Cash conversion: operating cash flow equalled AMCR 9.3% of revenue, or 2.72× net income; FCX 21.6% of revenue, or 2.55× net income. A ratio well above 1× usually reflects non-cash charges or working-capital release; well below 1× can reflect working-capital build or non-cash gains.
- Periods: the fiscal years end about 6 months apart (2025-06-30 for AMCR, 2025-12-31 for FCX), so each figure reflects somewhat different demand and cost conditions.
| Metric | AMCR | FCX |
|---|---|---|
| Revenue | $15.0B2024-07-01 to 2025-06-30 · SEC filing | $25.9B2025-01-01 to 2025-12-31 · SEC filing |
| Net income | $511M2024-07-01 to 2025-06-30 · SEC filing | $2.2B2025-01-01 to 2025-12-31 · SEC filing |
| Operating cash flow | $1.4B2024-07-01 to 2025-06-30 · SEC filing | $5.6B2025-01-01 to 2025-12-31 · SEC filing |
| Diluted EPS | $1.602024-07-01 to 2025-06-30 · SEC filing | — |
| Net margin | 3.4%2024-07-01 to 2025-06-30 · SEC filing | 8.5%2025-01-01 to 2025-12-31 · SEC filing |
AMCR: FY ending 2025-06-30 · FCX: FY ending 2025-12-31. Figures as tagged in each issuer's SEC XBRL filing; fiscal calendars may not align.
Where AMCR and FCX overlap, and where they don't
Overlap
- Shared research theme: International markets.
- Same fiscal calendar: both fiscal years end December 31.
Differences
- Different SEC industries: AMCR files as Miscellaneous Manufacturing Industries; FCX as Metal Mining.
- Only FCX maps to Economic trends and Tariffs & trade.
- Scale: FCX reported about 1.7× the annual revenue of AMCR.
- Profitability: net margin of 3.4% for AMCR versus 8.5% for FCX.
Overlap is drawn from SEC classifications and Yield Theory research themes. It is not evidence that the companies sell to the same customers or compete product for product.
Freeport-McMoRan Inc. (FCX)
Freeport-McMoRan is one of the world's largest copper miners, with major operations in the Americas and Indonesia. Its fortunes are tightly linked to copper demand from electrification and construction.
What moves each company
Company-specific drivers maintained by Yield Theory. Use them to decide which filing deserves deeper work; they are not predictions.
What moves AMCR
We have not yet published a company-specific driver list for AMCR. The primary source is Item 1 (Business) and Item 1A (Risk Factors) of its 10-K filed 2026-08-14.
What moves FCX
We have not yet published a company-specific driver list for FCX. The primary source is Item 1 (Business) and Item 1A (Risk Factors) of its 10-K filed 2026-02-13.
The investment question
You now know FCX reports about 1.7× AMCR's revenue, and FCX keeps more of each dollar as net income. Those are the facts. The investment question is what each share price already assumes about their exposure to international markets, and which evidence in the next filings would prove that assumption wrong.
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Read the full researchSEC filing comparison and disclosure evidence
Start with primary filings because fiscal calendars and accounting presentation can make superficially similar quarters incomparable. Both fiscal years end December 31, so annual reports line up, but check segment definitions before comparing growth or margins.
The current verified House and Senate snapshot contains 10 matched transaction rows for AMCR and 13 matched transaction rows for FCX. These delayed, range-based disclosures can identify a filing to inspect; they do not establish motive, conviction, or a real-time trading signal.
AMCR primary filings
FCX primary filings
What this comparison cannot tell you
This page does not contain licensed live prices, a valuation model, earnings estimates, portfolio constraints, or a forecast of future returns. SEC classifications can be broad, company descriptions can lag strategic change, and the latest annual filing may predate a material acquisition or divestiture. Read subsequent quarterly and current reports before making a decision.
A stronger business is not automatically the better stock. Starting valuation, expectations, capital structure, cyclicality, dilution, and the probability of each thesis determine the investment outcome. Use this comparison to frame the work, then verify the numbers in the linked filings and current company disclosures.
More comparisons involving AMCR or FCX
AMCR vs FCX FAQs
Are AMCR and FCX direct competitors?
Not necessarily. Amcor files as Miscellaneous Manufacturing Industries and Freeport-McMoRan as Metal Mining. The pair is compared because both map to the International markets research theme, not because the filings show head-to-head competition.
Is AMCR or FCX the bigger company by revenue?
Freeport-McMoRan (FCX) is the larger business by reported revenue: $25.9B in its fiscal year ended Dec 2025, about 1.7× AMCR's $15.0B (fiscal year ended Jun 2025). AMCR's net margin was 3.4% and FCX's 8.5%. The SEC classifies them differently (Miscellaneous Manufacturing Industries; Metal Mining); what connects them is shared exposure to the International markets research theme, not a common industry. Each figure is the annual amount tagged in the company's own SEC XBRL filing; market value depends on live prices, which this page does not publish.
Which is better, AMCR or FCX?
There is no context-free winner. Compare the operating exposures, filing evidence, valuation, balance sheet, and risks against the specific thesis you are testing. This page deliberately does not turn a static profile into a buy or sell recommendation.
Does this AMCR vs FCX comparison include live prices?
No. Yield Theory does not republish unlicensed real-time market data. The financial figures on this page are the audited annual numbers Amcor plc and Freeport-McMoRan Inc. tagged in their SEC XBRL filings. Use a regulated broker or licensed quote provider for current prices and valuation multiples.
Where does the company information come from?
Company classifications, fiscal year-ends, and filing links come from the SEC EDGAR submissions API snapshot refreshed 2026-10-03. Business summaries and research themes are maintained by Yield Theory.
Data snapshot: SEC EDGAR submissions API, refreshed 2026-10-03. Independent educational research; not investment advice.
Which business differences matter to the investment thesis?
AMCR vs FCX compares reported results. The reports below show how we connect operating evidence to an investment thesis, its assumptions, catalysts, and risks. $39/month or $249/year.
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