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Side-by-side financial comparison of Freeport-McMoRan (FCX) and New Gold Inc. (NGD). Click either name above to swap in a different company.

Freeport-McMoRan is the larger business by last-quarter revenue ($5.3B vs $44.1M, roughly 119.3× New Gold Inc.).

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.

JB Hi-Fi Limited is an Australian consumer electronics retail company. It is publicly listed on the Australian Securities Exchange. Its headquarters are located in Southbank, Melbourne, Victoria.

FCX vs NGD — Head-to-Head

Bigger by revenue
FCX
FCX
119.3× larger
FCX
$5.3B
$44.1M
NGD

Income Statement — Q4 2025 vs Q3 2025

Metric
FCX
FCX
NGD
NGD
Revenue
$5.3B
$44.1M
Net Profit
$565.0M
Gross Margin
12.4%
Operating Margin
15.4%
Net Margin
10.7%
Revenue YoY
-10.4%
Net Profit YoY
-21.6%
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.

Revenue
FCX
FCX
NGD
NGD
Q4 25
$5.3B
Q3 25
$6.8B
$44.1M
Q2 25
$7.5B
Q1 25
$5.6B
Q4 24
$5.9B
Q3 24
$6.7B
Q2 24
$6.4B
Q1 24
$6.2B
Net Profit
FCX
FCX
NGD
NGD
Q4 25
$565.0M
Q3 25
$1.2B
Q2 25
$1.5B
Q1 25
$793.0M
Q4 24
$721.0M
Q3 24
$1.2B
Q2 24
$1.3B
Q1 24
$1.2B
Gross Margin
FCX
FCX
NGD
NGD
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%
Operating Margin
FCX
FCX
NGD
NGD
Q4 25
15.4%
Q3 25
28.9%
Q2 25
32.3%
Q1 25
23.4%
Q4 24
21.1%
Q3 24
29.0%
Q2 24
32.0%
Q1 24
26.3%
Net Margin
FCX
FCX
NGD
NGD
Q4 25
10.7%
Q3 25
18.3%
Q2 25
20.6%
Q1 25
14.2%
Q4 24
12.3%
Q3 24
18.5%
Q2 24
20.0%
Q1 24
18.7%
EPS (diluted)
FCX
FCX
NGD
NGD
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
FCX
FCX
NGD
NGD
Cash + ST InvestmentsLiquidity on hand
$3.8B
Total DebtLower is stronger
$9.4B
Stockholders' EquityBook value
$18.9B
Total Assets
$58.2B
Debt / EquityLower = less leverage
0.50×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
FCX
FCX
NGD
NGD
Q4 25
$3.8B
Q3 25
$4.3B
Q2 25
$4.5B
Q1 25
$4.4B
Q4 24
$3.9B
Q3 24
$5.0B
Q2 24
$5.3B
Q1 24
$5.2B
Total Debt
FCX
FCX
NGD
NGD
Q4 25
$9.4B
Q3 25
Q2 25
Q1 25
$9.4B
Q4 24
$8.9B
Q3 24
$9.7B
Q2 24
$9.4B
Q1 24
$9.4B
Stockholders' Equity
FCX
FCX
NGD
NGD
Q4 25
$18.9B
Q3 25
$18.7B
Q2 25
$18.2B
Q1 25
$17.7B
Q4 24
$17.6B
Q3 24
$17.5B
Q2 24
$17.4B
Q1 24
$17.0B
Total Assets
FCX
FCX
NGD
NGD
Q4 25
$58.2B
Q3 25
$56.8B
Q2 25
$56.5B
Q1 25
$56.0B
Q4 24
$54.8B
Q3 24
$55.4B
Q2 24
$54.6B
Q1 24
$54.2B
Debt / Equity
FCX
FCX
NGD
NGD
Q4 25
0.50×
Q3 25
Q2 25
Q1 25
0.53×
Q4 24
0.51×
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
FCX
FCX
NGD
NGD
Operating Cash FlowLast quarter
$693.0M
Free Cash FlowOCF − Capex
$-312.0M
FCF MarginFCF / Revenue
-5.9%
Capex IntensityCapex / Revenue
19.1%
Cash ConversionOCF / Net Profit
1.23×
TTM Free Cash FlowTrailing 4 quarters
$1.1B

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
FCX
FCX
NGD
NGD
Q4 25
$693.0M
Q3 25
$1.7B
Q2 25
$2.2B
Q1 25
$1.1B
Q4 24
$1.4B
Q3 24
$1.9B
Q2 24
$2.0B
Q1 24
$1.9B
Free Cash Flow
FCX
FCX
NGD
NGD
Q4 25
$-312.0M
Q3 25
$608.0M
Q2 25
$934.0M
Q1 25
$-114.0M
Q4 24
$197.0M
Q3 24
$673.0M
Q2 24
$840.0M
Q1 24
$642.0M
FCF Margin
FCX
FCX
NGD
NGD
Q4 25
-5.9%
Q3 25
8.9%
Q2 25
12.4%
Q1 25
-2.0%
Q4 24
3.4%
Q3 24
10.1%
Q2 24
13.1%
Q1 24
10.3%
Capex Intensity
FCX
FCX
NGD
NGD
Q4 25
19.1%
Q3 25
15.5%
Q2 25
16.8%
Q1 25
21.0%
Q4 24
21.1%
Q3 24
17.9%
Q2 24
17.4%
Q1 24
20.2%
Cash Conversion
FCX
FCX
NGD
NGD
Q4 25
1.23×
Q3 25
1.33×
Q2 25
1.42×
Q1 25
1.33×
Q4 24
1.99×
Q3 24
1.51×
Q2 24
1.53×
Q1 24
1.63×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

FCX
FCX

Morenci$2.5B47%
Grasberg Segment$964.0M18%
Copper In Concentrates$934.0M18%
Molybdenum$541.0M10%
Gold$388.0M7%

NGD
NGD

Segment breakdown not available.

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