Freeport-McMoRanFCXEarnings & Financial Report
Freeport-McMoRan Inc., often called Freeport, is an American mining company based in the Freeport-McMoRan Center, in Phoenix, Arizona. The company is the world's largest producer of molybdenum, a major copper producer and operates the world's largest gold mine, the Grasberg mine in Papua, Indonesia.
FCX Q4 FY2025 Key Financial Metrics
Revenue
$5.3B
Gross Profit
$651.0M
Operating Profit
$811.0M
Net Profit
$565.0M
Gross Margin
12.4%
Operating Margin
15.4%
Net Margin
10.7%
YoY Growth
-10.4%
Freeport-McMoRan Q4 FY2025 Financial Summary
Freeport-McMoRan reported revenue of $5.3B (down 10.4% YoY) for Q4 FY2025, with a net profit of $565.0M (down 21.6% YoY) (10.7% margin). Cost of goods sold was $4.6B.
Key Financial Metrics
| Total Revenue | $5.3B |
|---|---|
| Net Profit | $565.0M |
| Gross Margin | 12.4% |
| Operating Margin | 15.4% |
| Report Period | Q4 FY2025 |
Revenue Breakdown
Freeport-McMoRan Q4 FY2025 revenue of $5.3B breaks down across 5 segments, led by Morenci at $2.5B (46.6% of total).
| Segment | Revenue | % of Total |
|---|---|---|
| Morenci | $2.5B | 46.6% |
| Grasberg Segment | $964.0M | 18.3% |
| Copper In Concentrates | $934.0M | 17.7% |
| Molybdenum | $541.0M | 10.3% |
| Gold | $388.0M | 7.4% |
Freeport-McMoRan Revenue by Segment — Quarterly Trend
Freeport-McMoRan revenue by segment across the last 4 reported quarters, showing how each business line (such as Morenci and Grasberg Segment) has evolved quarter over quarter.
| Segment | Q4 FY2025 | Q3 FY2025 | Q2 FY2025 | Q1 FY2025 |
|---|---|---|---|---|
| Morenci | $2.5B | $46.0M | $63.0M | $83.0M |
| Grasberg Segment | $964.0M | — | — | $1.6B |
| Copper In Concentrates | $934.0M | — | $2.0B | $1.4B |
| Molybdenum | $541.0M | — | $479.0M | $442.0M |
| Gold | $388.0M | $1.2B | — | $475.0M |
Freeport-McMoRan Annual Revenue by Year
Freeport-McMoRan annual revenue history includes year-by-year totals (for example, 2025 revenue was $25.2B).
Freeport-McMoRan Quarterly Revenue & Net Profit History
Freeport-McMoRan results over the last 8 reported quarters, including revenue, net profit and year-over-year growth.
| Quarter | Revenue | Revenue YoY | Net Profit | Net Margin |
|---|---|---|---|---|
| Q4 FY2025 | $5.3B | -10.4% | $565.0M | 10.7% |
| Q3 FY2025 | $6.8B | +2.1% | $1.2B | 18.3% |
| Q2 FY2025 | $7.5B | +17.6% | $1.5B | 20.6% |
| Q1 FY2025 | $5.6B | -10.3% | $793.0M | 14.2% |
| Q4 FY2024 | $5.9B | +1.4% | $721.0M | 12.3% |
| Q3 FY2024 | $6.7B | +13.9% | $1.2B | 18.5% |
| Q2 FY2024 | $6.4B | +7.9% | $1.3B | 20.0% |
| Q1 FY2024 | $6.2B | +21.4% | $1.2B | 18.7% |
Income Statement
| Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $6.21B | $6.40B | $6.68B | $5.88B | $5.57B | $7.53B | $6.82B | $5.27B |
| YoY Growth | 21.4% | 7.9% | 13.9% | 1.4% | -10.3% | 17.6% | 2.1% | -10.4% |
Balance Sheet
| Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | |
|---|---|---|---|---|---|---|---|---|
| Assets | $54.20B | $54.63B | $55.40B | $54.85B | $56.02B | $56.49B | $56.83B | $58.17B |
| Liabilities | $26.09B | $25.95B | $26.53B | $26.07B | $26.81B | $26.50B | $26.43B | $27.40B |
| Equity | $16.97B | $17.40B | $17.55B | $17.58B | $17.69B | $18.21B | $18.68B | $18.90B |
Cash Flow
| Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | |
|---|---|---|---|---|---|---|---|---|
| Operating CF | $1.90B | $1.96B | $1.87B | $1.44B | $1.06B | $2.19B | $1.66B | $693.0M |