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.
Revenue
$6.2B
Gross Profit
$1.8B
Operating Profit
$1.6B
Net Profit
$1.2B
Gross Margin
28.5%
Operating Margin
26.3%
Net Margin
18.7%
YoY Growth
21.4%
EPS
$0.32
Freeport-McMoRan Q1 FY2024 Financial Summary
Freeport-McMoRan reported revenue of $6.2B (up 21.4% YoY) for Q1 FY2024, with a net profit of $1.2B (up 10.8% YoY) (18.7% margin). Cost of goods sold was $4.4B, operating expenses totaled $138.0M.
Key Financial Metrics
| Total Revenue | $6.2B |
|---|---|
| Net Profit | $1.2B |
| Gross Margin | 28.5% |
| Operating Margin | 26.3% |
| Report Period | Q1 FY2024 |
Revenue Breakdown
Freeport-McMoRan Q1 FY2024 revenue of $6.2B breaks down across 10 segments, led by Copper In Concentrates at $1.8B (29.3% of total).
| Segment | Revenue | % of Total |
|---|---|---|
| Copper In Concentrates | $1.8B | 29.3% |
| Gold | $1.2B | 18.8% |
| Refined Copper Products | $953.0M | 15.3% |
| Cerro Verde | $826.0M | 13.3% |
| Atlantic Copper Smelting And Refining Segment | $673.0M | 10.8% |
| Molybdenum | $421.0M | 6.8% |
| Purchased Copper | $166.0M | 2.7% |
| Other Products Or Services | $149.0M | 2.4% |
| Other Individually Immaterial Operating Segments | $40.0M | 0.6% |
| Morenci | $37.0M | 0.6% |
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 Copper In Concentrates and Gold) has evolved quarter over quarter.
| Segment | Q4 FY2025 | Q3 FY2025 | Q2 FY2025 | Q1 FY2025 |
|---|---|---|---|---|
| Copper In Concentrates | $934.0M | — | $2.0B | $1.4B |
| Gold | $388.0M | $1.2B | — | $475.0M |
| Refined Copper Products | — | — | $969.0M | $960.0M |
| Cerro Verde | — | $979.0M | $836.0M | — |
| Atlantic Copper Smelting And Refining Segment | — | $768.0M | $815.0M | — |
Freeport-McMoRan Annual Revenue by Year
Freeport-McMoRan annual revenue history includes year-by-year totals (for example, 2025 revenue was $25.2B).
| Year | Annual Revenue |
|---|---|
| 2025 | $25.2B |
| 2024 | $25.2B |
| 2023 | $22.7B |
| 2022 | $23.3B |
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 |