FCX · Freeport-McMoran Inc - Financials
Annual line items from SEC XBRL filings, sourced from EDGAR's Company Facts API with fallback to the quarterly Financial Statement Data Sets. See issuer overview for Form 4 activity and 10-K signals.
Income Statement
| Line item | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $6.25B | - | $6.97B | $7.58B | $5.73B | - | $6.79B | $6.62B | $6.32B | - |
| Cost of Revenue | $4.58B | - | $4.83B | $4.95B | $4.22B | - | $4.68B | $4.38B | $4.44B | - |
| Gross Profit | $1.68B | - | $2.14B | $2.63B | $1.51B | - | $2.11B | $2.24B | $1.88B | - |
| R&D | - | - | - | - | - | - | - | - | - | - |
| SG&A | $162.00M | - | $131.00M | $127.00M | $154.00M | - | $117.00M | $123.00M | $144.00M | - |
| Total Operating Expenses | $4.10B | - | $5.00B | $5.15B | $4.42B | - | $4.85B | $4.58B | $4.69B | - |
| D&A | $514.00M | - | - | - | $466.00M | - | - | - | $595.00M | - |
| Operating Income | $2.14B | - | $1.97B | $2.43B | $1.30B | - | $1.94B | $2.05B | $1.63B | - |
| Interest Expense | - | - | - | - | - | - | - | - | - | - |
| Income Tax | $653.00M | - | $669.00M | $850.00M | $500.00M | - | $737.00M | $754.00M | $512.00M | - |
| Net Income | $881.00M | - | $674.00M | $772.00M | $352.00M | - | $526.00M | $616.00M | $473.00M | - |
| EPS - Basic | $0.61 | - | $0.46 | $0.53 | $0.24 | - | $0.36 | $0.42 | $0.33 | - |
| EPS - Diluted | $0.61 | - | $0.46 | $0.53 | $0.24 | - | $0.36 | $0.42 | $0.32 | - |
Balance Sheet
| Line item | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | $3.74B | $3.82B | $4.32B | $4.49B | $4.38B | $3.92B | $5.00B | $5.27B | $5.21B | $4.76B |
| Accounts Receivable | $681.00M | $977.00M | $916.00M | $941.00M | $743.00M | $578.00M | $979.00M | $1.13B | $1.49B | $1.21B |
| Inventory | - | - | - | - | - | - | - | - | - | - |
| Accounts Payable | - | $2.95B | - | - | - | $2.79B | - | - | - | $2.47B |
| Current Assets | $14.09B | $13.79B | $13.56B | $13.64B | $13.80B | $13.30B | $14.54B | $14.72B | $14.84B | $14.06B |
| Total Assets | $58.84B | $58.17B | $56.83B | $56.49B | $56.02B | $54.85B | $55.40B | $54.63B | $54.20B | $52.51B |
| Current Liabilities | $5.91B | $6.02B | $5.53B | $5.53B | $5.94B | $5.50B | $6.25B | $6.14B | $6.30B | $5.82B |
| Long-term Debt | $8.91B | $8.91B | $8.91B | $8.91B | $8.91B | $8.91B | $8.91B | $8.66B | $8.66B | $8.66B |
| Total Liabilities | $27.33B | $27.40B | $26.43B | $26.50B | $26.81B | $26.07B | $26.53B | $25.95B | $26.09B | $25.20B |
| Stockholders' Equity | $19.50B | $18.90B | $18.68B | $18.21B | $17.69B | $17.58B | $17.55B | $17.40B | $16.97B | $16.69B |
| Retained Earnings | $2.05B | $1.39B | $1.20B | $738.00M | $182.00M | ($170.00M) | ($444.00M) | ($970.00M) | ($1.59B) | ($2.06B) |
Cash Flow
| Line item | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $1.50B | - | - | - | $1.06B | - | - | - | $1.90B | - |
| Investing Cash Flow | ($985.00M) | - | - | - | ($1.18B) | - | - | - | ($1.28B) | - |
| Financing Cash Flow | ($534.00M) | - | - | - | $155.00M | - | - | - | ($342.00M) | - |
| CapEx | $973.00M | - | $1.06B | $1.26B | $1.17B | - | $1.20B | $1.12B | $1.25B | - |
| Free Cash Flow | $522.00M | - | - | - | ($114.00M) | - | - | - | $642.00M | - |
Ratios
| Metric | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Profitability | ||||||||||
| Gross margin | 26.8% | - | 30.7% | 34.7% | 26.3% | - | 31.1% | 33.8% | 29.8% | - |
| Operating margin | 34.2% | - | 28.3% | 32.1% | 22.7% | - | 28.5% | 30.9% | 25.9% | - |
| EBITDA margin | 42.4% | - | - | - | 30.9% | - | - | - | 35.3% | - |
| Net margin | 14.1% | - | 9.7% | 10.2% | 6.1% | - | 7.7% | 9.3% | 7.5% | - |
| Free cash flow margin | 8.3% | - | - | - | -2.0% | - | - | - | 10.2% | - |
| FCF / Net income | 0.59 | - | - | - | -0.32 | - | - | - | 1.36 | - |
| R&D / Revenue | - | - | - | - | - | - | - | - | - | - |
| SG&A / Revenue | 2.6% | - | 1.9% | 1.7% | 2.7% | - | 1.7% | 1.9% | 2.3% | - |
| Effective tax rate | 42.6% | - | 49.8% | 52.4% | 58.7% | - | 58.4% | 55.0% | 52.0% | - |
| Return on assets | 1.5% | - | 1.2% | 1.4% | 0.6% | - | 0.9% | 1.1% | 0.9% | - |
| Return on equity | 4.5% | - | 3.6% | 4.2% | 2.0% | - | 3.0% | 3.5% | 2.8% | - |
| Return on invested capital | 4.3% | - | 3.6% | 4.5% | 2.4% | - | 3.7% | 3.9% | 3.2% | - |
| Liquidity | ||||||||||
| Current ratio | 2.39 | 2.29 | 2.45 | 2.47 | 2.32 | 2.42 | 2.33 | 2.40 | 2.35 | 2.42 |
| Quick ratio | 2.39 | 2.29 | 2.45 | 2.47 | 2.32 | 2.42 | 2.33 | 2.40 | 2.35 | 2.42 |
| Cash ratio | 0.63 | 0.64 | 0.78 | 0.81 | 0.74 | 0.71 | 0.80 | 0.86 | 0.83 | 0.82 |
| Leverage | ||||||||||
| Debt / Equity | 0.46 | 0.47 | 0.48 | 0.49 | 0.50 | 0.51 | 0.51 | 0.50 | 0.51 | 0.52 |
| Debt / Assets | 0.15 | 0.15 | 0.16 | 0.16 | 0.16 | 0.16 | 0.16 | 0.16 | 0.16 | 0.16 |
| Debt / EBITDA | 3.36 | - | - | - | 5.04 | - | - | - | 3.88 | - |
| Interest coverage | - | - | - | - | - | - | - | - | - | - |
| Equity multiplier | 3.02 | 3.08 | 3.04 | 3.10 | 3.17 | 3.12 | 3.16 | 3.14 | 3.19 | 3.15 |
| Liabilities / Assets | 0.46 | 0.47 | 0.47 | 0.47 | 0.48 | 0.48 | 0.48 | 0.47 | 0.48 | 0.48 |
| Efficiency | ||||||||||
| Asset turnover | 0.11 | - | 0.12 | 0.13 | 0.10 | - | 0.12 | 0.12 | 0.12 | - |
| Inventory turnover | - | - | - | - | - | - | - | - | - | - |
| Days sales outstanding | 40d | - | 48d | 45d | 47d | - | 53d | 62d | 86d | - |
| Days inventory outstanding | - | - | - | - | - | - | - | - | - | - |
| Days payable outstanding | - | - | - | - | - | - | - | - | - | - |
| Cash conversion cycle | - | - | - | - | - | - | - | - | - | - |
| Valuation | ||||||||||
| P / E | 96.4x | - | 85.3x | 81.8x | 157.8x | - | 138.7x | 115.7x | 146.9x | - |
| P / B | 4.4x | - | 3.0x | 3.4x | 3.1x | - | 4.1x | 4.0x | 4.0x | - |
| P / S | 13.6x | - | 8.1x | 8.3x | 9.5x | - | 10.6x | 10.6x | 10.7x | - |
| EV / EBITDA | 34.0x | - | - | - | 33.5x | - | - | - | 32.0x | - |
| Growth | ||||||||||
| Revenue growth (YoY) | 9.2% | - | 2.7% | 14.5% | -9.4% | - | 15.8% | 11.8% | 17.3% | - |
| Revenue CAGR (3y) | 5.1% | - | 9.5% | 7.1% | -4.6% | - | 3.1% | 4.8% | 9.2% | - |
| Revenue CAGR (5y) | 5.2% | - | 12.6% | 19.9% | 13.6% | - | 16.2% | 12.6% | 10.8% | - |
| Gross profit growth (YoY) | 11.2% | - | 1.4% | 17.5% | -20.0% | - | 18.8% | 22.3% | 3.1% | - |
| Operating income growth (YoY) | 64.0% | - | 1.8% | 18.7% | -20.3% | - | 29.9% | 45.3% | 2.1% | - |
| Net income growth (YoY) | 150.3% | - | 28.1% | 25.3% | -25.6% | - | 15.9% | 79.6% | -28.7% | - |
| EPS growth (YoY) | 154.2% | - | 27.8% | 26.2% | -25.0% | - | 16.1% | 82.6% | -30.4% | - |
| EPS CAGR (3y) | 9.9% | - | 18.0% | -2.4% | -38.7% | - | 17.8% | -16.8% | - | - |
| EPS CAGR (5y) | - | - | - | - | - | - | - | - | - | - |
| FCF growth (YoY) | - | - | - | - | - | - | - | - | - | - |
| FCF CAGR (5y) | -5.8% | - | - | - | - | - | - | - | - | - |
| Book value growth (YoY) | 10.3% | 7.5% | 6.5% | 4.6% | 4.2% | 5.3% | 6.6% | 7.4% | 5.7% | 7.3% |
Sales by segment
From XBRL dimensional facts in the 10-K period ending 2025-12-31.
Business segments
$22.70B totalGrasberg Segment$8.62B · 38.0%
Rod And Refining Segment$6.85B · 30.2%
Cerro Verde$3.78B · 16.6%
Atlantic Copper Smelting And Refining Segment$3.15B · 13.9%
Morenci$303.00M · 1.3%
Geographic
$25.91B totalUS$9.03B · 34.9%
CH$5.33B · 20.6%
JP$2.85B · 11.0%
ID$2.18B · 8.4%
SG$1.25B · 4.8%
GB$1.14B · 4.4%
Others Individually Immaterial Countries$1.04B · 4.0%
ES$723.00M · 2.8%
CN$636.00M · 2.5%
CL$471.00M · 1.8%
DE$332.00M · 1.3%
FR$315.00M · 1.2%
EG$261.00M · 1.0%
KR$193.00M · 0.7%
IN$163.00M · 0.6%
PH$3.00M · 0.0%
Peer comparison
Same SIC group: Metal Mining
Comparing FREEPORT-MCMORAN INC against the 5 most active filers in the same SIC group.
Dividends
$0.60/share trailing 12 months · 0.0% YoY
| Ex-date | Per share |
|---|---|
| Apr 15, 2026 | $0.1500 |
| Jan 15, 2026 | $0.1500 |
| Oct 15, 2025 | $0.1500 |
| Jul 15, 2025 | $0.1500 |
| Apr 15, 2025 | $0.1500 |
| Jan 15, 2025 | $0.1500 |
| Oct 15, 2024 | $0.1500 |
| Jul 15, 2024 | $0.1500 |
| Apr 12, 2024 | $0.1500 |
| Jan 11, 2024 | $0.1500 |
| Oct 12, 2023 | $0.1500 |
| Jul 13, 2023 | $0.1500 |
| Apr 13, 2023 | $0.1500 |
| Jan 12, 2023 | $0.1500 |
| Oct 13, 2022 | $0.1500 |
| Jul 14, 2022 | $0.1500 |
| Apr 13, 2022 | $0.1500 |
| Jan 13, 2022 | $0.1500 |
| Oct 14, 2021 | $0.0750 |
| Jul 14, 2021 | $0.0750 |
| Apr 14, 2021 | $0.0750 |
| Jan 14, 2020 | $0.0500 |
| Oct 11, 2019 | $0.0500 |
| Jul 12, 2019 | $0.0500 |