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Side-by-side financial comparison of Freeport-McMoRan (FCX) and Lennar (LEN). Click either name above to swap in a different company.
Lennar is the larger business by last-quarter revenue ($9.4B vs $5.3B, roughly 1.8× Freeport-McMoRan). Freeport-McMoRan runs the higher net margin — 10.7% vs 5.2%, a 5.5% gap on every dollar of revenue. On growth, Lennar posted the faster year-over-year revenue change (-5.8% vs -10.4%). Lennar produced more free cash flow last quarter ($1.7B vs $-312.0M). Over the past eight quarters, Lennar's revenue compounded faster (13.2% 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.
Lennar Corporation is an American home construction company based in Miami-Dade County, Florida. As of 2025, it is the second-largest home construction company in the United States based on the number of homes sold. Lennar has investments in multifamily and single-family residential rental properties, luxury development, property technology with LenX, and mortgage lending from Lennar Mortgage.
FCX vs LEN — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $5.3B | $9.4B |
| Net Profit | $565.0M | $490.2M |
| Gross Margin | 12.4% | — |
| Operating Margin | 15.4% | 7.3% |
| Net Margin | 10.7% | 5.2% |
| Revenue YoY | -10.4% | -5.8% |
| Net Profit YoY | -21.6% | -55.3% |
| 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 | $9.4B | ||
| Q3 25 | $6.8B | $8.8B | ||
| Q2 25 | $7.5B | $8.4B | ||
| Q1 25 | $5.6B | $7.6B | ||
| Q4 24 | $5.9B | $9.9B | ||
| Q3 24 | $6.7B | $9.4B | ||
| Q2 24 | $6.4B | $8.8B | ||
| Q1 24 | $6.2B | $7.3B |
| Q4 25 | $565.0M | $490.2M | ||
| Q3 25 | $1.2B | $591.0M | ||
| Q2 25 | $1.5B | $477.4M | ||
| Q1 25 | $793.0M | $519.5M | ||
| Q4 24 | $721.0M | $1.1B | ||
| Q3 24 | $1.2B | $1.2B | ||
| Q2 24 | $1.3B | $954.3M | ||
| Q1 24 | $1.2B | $719.3M |
| 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% | 7.3% | ||
| Q3 25 | 28.9% | 9.0% | ||
| Q2 25 | 32.3% | 7.7% | ||
| Q1 25 | 23.4% | 9.1% | ||
| Q4 24 | 21.1% | 14.7% | ||
| Q3 24 | 29.0% | 16.3% | ||
| Q2 24 | 32.0% | 14.4% | ||
| Q1 24 | 26.3% | 12.7% |
| Q4 25 | 10.7% | 5.2% | ||
| Q3 25 | 18.3% | 6.7% | ||
| Q2 25 | 20.6% | 5.7% | ||
| Q1 25 | 14.2% | 6.8% | ||
| Q4 24 | 12.3% | 11.0% | ||
| Q3 24 | 18.5% | 12.3% | ||
| Q2 24 | 20.0% | 10.9% | ||
| Q1 24 | 18.7% | 9.8% |
| Q4 25 | — | — | ||
| Q3 25 | $0.46 | $2.29 | ||
| Q2 25 | $0.53 | $1.81 | ||
| Q1 25 | $0.24 | $1.96 | ||
| Q4 24 | — | $4.03 | ||
| Q3 24 | $0.36 | $4.26 | ||
| Q2 24 | $0.42 | $3.45 | ||
| Q1 24 | $0.32 | $2.57 |
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 | $3.8B |
| Total DebtLower is stronger | $9.4B | $5.9B |
| Stockholders' EquityBook value | $18.9B | $22.0B |
| Total Assets | $58.2B | $34.4B |
| Debt / EquityLower = less leverage | 0.50× | 0.27× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $3.8B | $3.8B | ||
| Q3 25 | $4.3B | — | ||
| Q2 25 | $4.5B | — | ||
| Q1 25 | $4.4B | — | ||
| Q4 24 | $3.9B | $4.9B | ||
| Q3 24 | $5.0B | — | ||
| Q2 24 | $5.3B | — | ||
| Q1 24 | $5.2B | — |
| Q4 25 | $9.4B | $5.9B | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | $9.4B | — | ||
| Q4 24 | $8.9B | $4.2B | ||
| Q3 24 | $9.7B | — | ||
| Q2 24 | $9.4B | — | ||
| Q1 24 | $9.4B | — |
| Q4 25 | $18.9B | $22.0B | ||
| Q3 25 | $18.7B | $22.6B | ||
| Q2 25 | $18.2B | $22.6B | ||
| Q1 25 | $17.7B | $22.7B | ||
| Q4 24 | $17.6B | $27.9B | ||
| Q3 24 | $17.5B | $27.4B | ||
| Q2 24 | $17.4B | $26.9B | ||
| Q1 24 | $17.0B | $26.6B |
| Q4 25 | $58.2B | $34.4B | ||
| Q3 25 | $56.8B | $34.9B | ||
| Q2 25 | $56.5B | $34.4B | ||
| Q1 25 | $56.0B | $35.0B | ||
| Q4 24 | $54.8B | $41.3B | ||
| Q3 24 | $55.4B | $39.7B | ||
| Q2 24 | $54.6B | $38.7B | ||
| Q1 24 | $54.2B | $39.0B |
| Q4 25 | 0.50× | 0.27× | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | 0.53× | — | ||
| Q4 24 | 0.51× | 0.15× | ||
| Q3 24 | 0.55× | — | ||
| Q2 24 | 0.54× | — | ||
| Q1 24 | 0.56× | — |
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 | $1.8B |
| Free Cash FlowOCF − Capex | $-312.0M | $1.7B |
| FCF MarginFCF / Revenue | -5.9% | 17.9% |
| Capex IntensityCapex / Revenue | 19.1% | 0.9% |
| Cash ConversionOCF / Net Profit | 1.23× | 3.59× |
| TTM Free Cash FlowTrailing 4 quarters | $1.1B | $28.2M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $693.0M | $1.8B | ||
| Q3 25 | $1.7B | $-158.6M | ||
| Q2 25 | $2.2B | $-1.1B | ||
| Q1 25 | $1.1B | $-289.0M | ||
| Q4 24 | $1.4B | $974.5M | ||
| Q3 24 | $1.9B | $819.2M | ||
| Q2 24 | $2.0B | $241.8M | ||
| Q1 24 | $1.9B | $367.9M |
| Q4 25 | $-312.0M | $1.7B | ||
| Q3 25 | $608.0M | $-190.8M | ||
| Q2 25 | $934.0M | $-1.1B | ||
| Q1 25 | $-114.0M | $-345.1M | ||
| Q4 24 | $197.0M | $933.1M | ||
| Q3 24 | $673.0M | $800.8M | ||
| Q2 24 | $840.0M | $203.0M | ||
| Q1 24 | $642.0M | $294.9M |
| Q4 25 | -5.9% | 17.9% | ||
| Q3 25 | 8.9% | -2.2% | ||
| Q2 25 | 12.4% | -13.3% | ||
| Q1 25 | -2.0% | -4.5% | ||
| Q4 24 | 3.4% | 9.4% | ||
| Q3 24 | 10.1% | 8.5% | ||
| Q2 24 | 13.1% | 2.3% | ||
| Q1 24 | 10.3% | 4.0% |
| Q4 25 | 19.1% | 0.9% | ||
| Q3 25 | 15.5% | 0.4% | ||
| Q2 25 | 16.8% | 0.2% | ||
| Q1 25 | 21.0% | 0.7% | ||
| Q4 24 | 21.1% | 0.4% | ||
| Q3 24 | 17.9% | 0.2% | ||
| Q2 24 | 17.4% | 0.4% | ||
| Q1 24 | 20.2% | 1.0% |
| Q4 25 | 1.23× | 3.59× | ||
| Q3 25 | 1.33× | -0.27× | ||
| Q2 25 | 1.42× | -2.29× | ||
| Q1 25 | 1.33× | -0.56× | ||
| Q4 24 | 1.99× | 0.89× | ||
| Q3 24 | 1.51× | 0.70× | ||
| Q2 24 | 1.53× | 0.25× | ||
| Q1 24 | 1.63× | 0.51× |
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% |
LEN
| Lennar Homebuilding East Central West Houstonand Other | $8.9B | 95% |
| Lennar Financial Services | $308.8M | 3% |
| Lennar Multifamily | $158.7M | 2% |
| Lennar Other | $14.8M | 0% |
| Homebuilding Other Regions | $3.9M | 0% |
