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Fortescue Ltd

FMG.AXBasic MaterialsASX

Other Industrial Metals & Mining

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Financials · Annual
Revenue
$15.42B
-14.8% YoY
Net Income
$3.37B
-40.6% YoY
EBITDA
$7.56B
-28.1% YoY
Free Cash Flow
$3.19B

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About Fortescue Ltd

Fortescue Ltd engages in the exploration, development, production, processing, and sale of iron ore in Australia, China, and internationally. At a $68.09B market cap, Fortescue Ltd ranks as a large-cap company within basic materials. The company explores for copper and lithium deposits; and rare earth elements.

Key stats
Market Cap$68.09B
P/E (TTM)13.09
Fwd P/E16.64
EPS$1.69
Beta0.71
52W Change+41.5%
Dividend Yield5.69%
ROE18.7%
Analysis

Fortescue Ltd carries $5.76B in total debt against $4.74B in cash reserves — debt is modestly above the cash position. Managing this leverage effectively will be important for long-term financial stability. Free cash flow comes in at $3.19B, providing flexibility for reinvestment, buybacks, or dividends. Consistent free cash flow generation is often considered a sign of operational health. Return on equity stands at 18.7%, which is strong for the sector. ROE measures how effectively a company uses shareholder capital to generate profits. Return on assets of 11.8% further supports the picture of efficient asset utilization. Revenue has pulled back from $17.31B (2022) to $15.42B (2025), a 11% decline worth watching.

As with any equity investment, FMG.AX carries market risk, sector-specific risk, and company-specific risk that investors should evaluate in the context of their own portfolios. Understanding these risk dimensions helps frame what to watch going forward as conditions evolve for Fortescue Ltd and its sector.

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