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Side-by-side financial comparison of Freeport-McMoRan (FCX) and IMPERIAL OIL LTD (IMO). Click either name above to swap in a different company.
IMPERIAL OIL LTD is the larger business by last-quarter revenue ($8.2B vs $5.3B, roughly 1.6× Freeport-McMoRan). Freeport-McMoRan runs the higher net margin — 10.7% vs 4.4%, a 6.4% gap on every dollar of revenue. On growth, Freeport-McMoRan posted the faster year-over-year revenue change (-10.4% vs -10.5%). IMPERIAL OIL LTD produced more free cash flow last quarter ($938.8M vs $-312.0M). Over the past eight quarters, IMPERIAL OIL LTD's revenue compounded faster (-4.2% CAGR vs -7.9%).
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.
Imperial Oil Limited is a Canadian petroleum company. It is Canada's second-largest integrated oil company that is also occasionally known as Imperial Esso. It is majority-owned by American oil company ExxonMobil, with a 69.6% ownership stake in the company. It is a producer of crude oil, diluted bitumen, and natural gas. Imperial Oil is one of Canada's major petroleum refiners and petrochemical producers. It supplies Esso-brand service stations.
FCX vs IMO — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $5.3B | $8.2B |
| Net Profit | $565.0M | $359.2M |
| Gross Margin | 12.4% | — |
| Operating Margin | 15.4% | 5.6% |
| Net Margin | 10.7% | 4.4% |
| Revenue YoY | -10.4% | -10.5% |
| Net Profit YoY | -21.6% | -59.8% |
| EPS (diluted) | — | — |
Green = leading value per metric. Periods may differ when fiscal calendars don't align.
8-Quarter Revenue & Profit Trend
Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.
| Q4 25 | $5.3B | $8.2B | ||
| Q3 25 | $6.8B | $8.8B | ||
| Q2 25 | $7.5B | $8.2B | ||
| Q1 25 | $5.6B | $9.1B | ||
| Q4 24 | $5.9B | $9.2B | ||
| Q3 24 | $6.7B | $9.7B | ||
| Q2 24 | $6.4B | $9.8B | ||
| Q1 24 | $6.2B | $9.0B |
| Q4 25 | $565.0M | $359.2M | ||
| Q3 25 | $1.2B | $393.5M | ||
| Q2 25 | $1.5B | $692.8M | ||
| Q1 25 | $793.0M | $940.2M | ||
| Q4 24 | $721.0M | $894.3M | ||
| Q3 24 | $1.2B | $903.0M | ||
| Q2 24 | $1.3B | $827.1M | ||
| Q1 24 | $1.2B | $872.4M |
| Q4 25 | 12.4% | — | ||
| Q3 25 | 29.2% | — | ||
| Q2 25 | 34.2% | — | ||
| Q1 25 | 24.3% | — | ||
| Q4 24 | 27.0% | — | ||
| Q3 24 | 30.0% | — | ||
| Q2 24 | 31.5% | — | ||
| Q1 24 | 28.5% | — |
| Q4 25 | 15.4% | 5.6% | ||
| Q3 25 | 28.9% | 5.8% | ||
| Q2 25 | 32.3% | 11.1% | ||
| Q1 25 | 23.4% | 13.5% | ||
| Q4 24 | 21.1% | 12.5% | ||
| Q3 24 | 29.0% | 12.1% | ||
| Q2 24 | 32.0% | 11.1% | ||
| Q1 24 | 26.3% | 12.8% |
| Q4 25 | 10.7% | 4.4% | ||
| Q3 25 | 18.3% | 4.5% | ||
| Q2 25 | 20.6% | 8.4% | ||
| Q1 25 | 14.2% | 10.3% | ||
| Q4 24 | 12.3% | 9.7% | ||
| Q3 24 | 18.5% | 9.3% | ||
| Q2 24 | 20.0% | 8.5% | ||
| Q1 24 | 18.7% | 9.7% |
| Q4 25 | — | — | ||
| Q3 25 | $0.46 | — | ||
| Q2 25 | $0.53 | — | ||
| Q1 25 | $0.24 | — | ||
| Q4 24 | — | — | ||
| Q3 24 | $0.36 | — | ||
| Q2 24 | $0.42 | — | ||
| Q1 24 | $0.32 | — |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $3.8B | $833.7M |
| Total DebtLower is stronger | $9.4B | $2.9B |
| Stockholders' EquityBook value | $18.9B | $16.2B |
| Total Assets | $58.2B | $30.9B |
| Debt / EquityLower = less leverage | 0.50× | 0.18× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $3.8B | $833.7M | ||
| Q3 25 | $4.3B | $1.4B | ||
| Q2 25 | $4.5B | $1.7B | ||
| Q1 25 | $4.4B | $1.3B | ||
| Q4 24 | $3.9B | $714.7M | ||
| Q3 24 | $5.0B | $1.1B | ||
| Q2 24 | $5.3B | $1.5B | ||
| Q1 24 | $5.2B | $858.5M |
| Q4 25 | $9.4B | $2.9B | ||
| Q3 25 | — | $2.9B | ||
| Q2 25 | — | $2.9B | ||
| Q1 25 | $9.4B | $2.9B | ||
| Q4 24 | $8.9B | $2.9B | ||
| Q3 24 | $9.7B | $2.9B | ||
| Q2 24 | $9.4B | $2.9B | ||
| Q1 24 | $9.4B | $2.9B |
| Q4 25 | $18.9B | $16.2B | ||
| Q3 25 | $18.7B | $17.3B | ||
| Q2 25 | $18.2B | $18.2B | ||
| Q1 25 | $17.7B | $17.8B | ||
| Q4 24 | $17.6B | $17.1B | ||
| Q3 24 | $17.5B | $17.3B | ||
| Q2 24 | $17.4B | $17.5B | ||
| Q1 24 | $17.0B | $16.9B |
| Q4 25 | $58.2B | $30.9B | ||
| Q3 25 | $56.8B | $31.4B | ||
| Q2 25 | $56.5B | $32.2B | ||
| Q1 25 | $56.0B | $32.0B | ||
| Q4 24 | $54.8B | $31.3B | ||
| Q3 24 | $55.4B | $31.0B | ||
| Q2 24 | $54.6B | $32.2B | ||
| Q1 24 | $54.2B | $31.0B |
| Q4 25 | 0.50× | 0.18× | ||
| Q3 25 | — | 0.17× | ||
| Q2 25 | — | 0.16× | ||
| Q1 25 | 0.53× | 0.16× | ||
| Q4 24 | 0.51× | 0.17× | ||
| Q3 24 | 0.55× | 0.17× | ||
| Q2 24 | 0.54× | 0.17× | ||
| Q1 24 | 0.56× | 0.17× |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | $693.0M | $1.4B |
| Free Cash FlowOCF − Capex | $-312.0M | $938.8M |
| FCF MarginFCF / Revenue | -5.9% | 11.4% |
| Capex IntensityCapex / Revenue | 19.1% | 5.6% |
| Cash ConversionOCF / Net Profit | 1.23× | 3.90× |
| TTM Free Cash FlowTrailing 4 quarters | $1.1B | $3.4B |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $693.0M | $1.4B | ||
| Q3 25 | $1.7B | $1.3B | ||
| Q2 25 | $2.2B | $1.1B | ||
| Q1 25 | $1.1B | $1.1B | ||
| Q4 24 | $1.4B | $1.3B | ||
| Q3 24 | $1.9B | $1.1B | ||
| Q2 24 | $2.0B | $1.2B | ||
| Q1 24 | $1.9B | $785.5M |
| Q4 25 | $-312.0M | $938.8M | ||
| Q3 25 | $608.0M | $944.6M | ||
| Q2 25 | $934.0M | $725.6M | ||
| Q1 25 | $-114.0M | $824.2M | ||
| Q4 24 | $197.0M | $997.2M | ||
| Q3 24 | $673.0M | $730.7M | ||
| Q2 24 | $840.0M | $852.6M | ||
| Q1 24 | $642.0M | $422.7M |
| Q4 25 | -5.9% | 11.4% | ||
| Q3 25 | 8.9% | 10.7% | ||
| Q2 25 | 12.4% | 8.8% | ||
| Q1 25 | -2.0% | 9.0% | ||
| Q4 24 | 3.4% | 10.8% | ||
| Q3 24 | 10.1% | 7.5% | ||
| Q2 24 | 13.1% | 8.7% | ||
| Q1 24 | 10.3% | 4.7% |
| Q4 25 | 19.1% | 5.6% | ||
| Q3 25 | 15.5% | 4.2% | ||
| Q2 25 | 16.8% | 4.2% | ||
| Q1 25 | 21.0% | 3.2% | ||
| Q4 24 | 21.1% | 3.4% | ||
| Q3 24 | 17.9% | 3.7% | ||
| Q2 24 | 17.4% | 3.4% | ||
| Q1 24 | 20.2% | 4.0% |
| Q4 25 | 1.23× | 3.90× | ||
| Q3 25 | 1.33× | 3.34× | ||
| Q2 25 | 1.42× | 1.54× | ||
| Q1 25 | 1.33× | 1.19× | ||
| Q4 24 | 1.99× | 1.46× | ||
| Q3 24 | 1.51× | 1.20× | ||
| Q2 24 | 1.53× | 1.44× | ||
| Q1 24 | 1.63× | 0.90× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
FCX
| Morenci | $2.5B | 47% |
| Grasberg Segment | $964.0M | 18% |
| Copper In Concentrates | $934.0M | 18% |
| Molybdenum | $541.0M | 10% |
| Gold | $388.0M | 7% |
IMO
Segment breakdown not available.
