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Side-by-side financial comparison of Freeport-McMoRan (FCX) and PBF Energy Inc. (PBF). Click either name above to swap in a different company.
PBF Energy Inc. is the larger business by last-quarter revenue ($7.1B vs $5.3B, roughly 1.4× Freeport-McMoRan). Freeport-McMoRan runs the higher net margin — 10.7% vs 1.1%, a 9.6% gap on every dollar of revenue. On growth, PBF Energy Inc. posted the faster year-over-year revenue change (-2.9% vs -10.4%). PBF Energy Inc. produced more free cash flow last quarter ($77.0M vs $-312.0M). Over the past eight quarters, Freeport-McMoRan's revenue compounded faster (-7.9% CAGR vs -9.1%).
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.
PBF Energy Inc. is a petroleum refining and logistics company that produces and sells transportation fuels, heating oils, lubricants, petrochemical feedstocks, and other petroleum products. The company owns and operated 6 refineries throughout the United States, located in Chalmette, Louisiana; Toledo, Ohio; Paulsboro, New Jersey; the Delaware City Refinery in Delaware City; Torrance, California; Martinez, California. PBF produces a range of products including gasoline, ultra-low-sulfur diese...
FCX vs PBF — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $5.3B | $7.1B |
| Net Profit | $565.0M | $78.4M |
| Gross Margin | 12.4% | -1.8% |
| Operating Margin | 15.4% | 1.8% |
| Net Margin | 10.7% | 1.1% |
| Revenue YoY | -10.4% | -2.9% |
| Net Profit YoY | -21.6% | 127.1% |
| EPS (diluted) | — | $0.74 |
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 | $7.1B | ||
| Q3 25 | $6.8B | $7.7B | ||
| Q2 25 | $7.5B | $7.5B | ||
| Q1 25 | $5.6B | $7.1B | ||
| Q4 24 | $5.9B | $7.4B | ||
| Q3 24 | $6.7B | $8.4B | ||
| Q2 24 | $6.4B | $8.7B | ||
| Q1 24 | $6.2B | $8.6B |
| Q4 25 | $565.0M | $78.4M | ||
| Q3 25 | $1.2B | $170.1M | ||
| Q2 25 | $1.5B | $-5.2M | ||
| Q1 25 | $793.0M | $-401.8M | ||
| Q4 24 | $721.0M | $-289.3M | ||
| Q3 24 | $1.2B | $-285.9M | ||
| Q2 24 | $1.3B | $-65.2M | ||
| Q1 24 | $1.2B | $106.6M |
| Q4 25 | 12.4% | -1.8% | ||
| Q3 25 | 29.2% | 0.5% | ||
| Q2 25 | 34.2% | -0.8% | ||
| Q1 25 | 24.3% | -5.9% | ||
| Q4 24 | 27.0% | -4.2% | ||
| Q3 24 | 30.0% | -3.4% | ||
| Q2 24 | 31.5% | 0.1% | ||
| Q1 24 | 28.5% | 2.5% |
| Q4 25 | 15.4% | 1.8% | ||
| Q3 25 | 28.9% | 3.7% | ||
| Q2 25 | 32.3% | 0.6% | ||
| Q1 25 | 23.4% | -7.2% | ||
| Q4 24 | 21.1% | -5.2% | ||
| Q3 24 | 29.0% | -4.6% | ||
| Q2 24 | 32.0% | -0.9% | ||
| Q1 24 | 26.3% | 1.7% |
| Q4 25 | 10.7% | 1.1% | ||
| Q3 25 | 18.3% | 2.2% | ||
| Q2 25 | 20.6% | -0.1% | ||
| Q1 25 | 14.2% | -5.7% | ||
| Q4 24 | 12.3% | -3.9% | ||
| Q3 24 | 18.5% | -3.4% | ||
| Q2 24 | 20.0% | -0.7% | ||
| Q1 24 | 18.7% | 1.2% |
| Q4 25 | — | $0.74 | ||
| Q3 25 | $0.46 | $1.45 | ||
| Q2 25 | $0.53 | $-0.05 | ||
| Q1 25 | $0.24 | $-3.53 | ||
| Q4 24 | — | $-2.41 | ||
| Q3 24 | $0.36 | $-2.49 | ||
| Q2 24 | $0.42 | $-0.56 | ||
| Q1 24 | $0.32 | $0.86 |
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 | $527.9M |
| Total DebtLower is stronger | $9.4B | — |
| Stockholders' EquityBook value | $18.9B | $5.3B |
| Total Assets | $58.2B | $13.0B |
| Debt / EquityLower = less leverage | 0.50× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $3.8B | $527.9M | ||
| Q3 25 | $4.3B | $482.0M | ||
| Q2 25 | $4.5B | $590.7M | ||
| Q1 25 | $4.4B | $468.6M | ||
| Q4 24 | $3.9B | $536.1M | ||
| Q3 24 | $5.0B | $976.7M | ||
| Q2 24 | $5.3B | $1.4B | ||
| Q1 24 | $5.2B | $1.4B |
| 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 | — |
| Q4 25 | $18.9B | $5.3B | ||
| Q3 25 | $18.7B | $5.2B | ||
| Q2 25 | $18.2B | $5.1B | ||
| Q1 25 | $17.7B | $5.1B | ||
| Q4 24 | $17.6B | $5.5B | ||
| Q3 24 | $17.5B | $5.9B | ||
| Q2 24 | $17.4B | $6.3B | ||
| Q1 24 | $17.0B | $6.5B |
| Q4 25 | $58.2B | $13.0B | ||
| Q3 25 | $56.8B | $13.0B | ||
| Q2 25 | $56.5B | $13.0B | ||
| Q1 25 | $56.0B | $13.0B | ||
| Q4 24 | $54.8B | $12.7B | ||
| Q3 24 | $55.4B | $13.1B | ||
| Q2 24 | $54.6B | $14.1B | ||
| Q1 24 | $54.2B | $13.8B |
| 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 | | |
|---|---|---|
| Operating Cash FlowLast quarter | $693.0M | $366.6M |
| Free Cash FlowOCF − Capex | $-312.0M | $77.0M |
| FCF MarginFCF / Revenue | -5.9% | 1.1% |
| Capex IntensityCapex / Revenue | 19.1% | 4.1% |
| Cash ConversionOCF / Net Profit | 1.23× | 4.68× |
| TTM Free Cash FlowTrailing 4 quarters | $1.1B | $-783.2M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $693.0M | $366.6M | ||
| Q3 25 | $1.7B | $25.7M | ||
| Q2 25 | $2.2B | $191.1M | ||
| Q1 25 | $1.1B | $-661.4M | ||
| Q4 24 | $1.4B | $-329.7M | ||
| Q3 24 | $1.9B | $-68.0M | ||
| Q2 24 | $2.0B | $425.3M | ||
| Q1 24 | $1.9B | $15.8M |
| Q4 25 | $-312.0M | $77.0M | ||
| Q3 25 | $608.0M | $-122.8M | ||
| Q2 25 | $934.0M | $35.0M | ||
| Q1 25 | $-114.0M | $-772.4M | ||
| Q4 24 | $197.0M | $-425.7M | ||
| Q3 24 | $673.0M | $-169.8M | ||
| Q2 24 | $840.0M | $371.8M | ||
| Q1 24 | $642.0M | $-123.8M |
| Q4 25 | -5.9% | 1.1% | ||
| Q3 25 | 8.9% | -1.6% | ||
| Q2 25 | 12.4% | 0.5% | ||
| Q1 25 | -2.0% | -10.9% | ||
| Q4 24 | 3.4% | -5.8% | ||
| Q3 24 | 10.1% | -2.0% | ||
| Q2 24 | 13.1% | 4.3% | ||
| Q1 24 | 10.3% | -1.4% |
| Q4 25 | 19.1% | 4.1% | ||
| Q3 25 | 15.5% | 1.9% | ||
| Q2 25 | 16.8% | 2.1% | ||
| Q1 25 | 21.0% | 1.6% | ||
| Q4 24 | 21.1% | 1.3% | ||
| Q3 24 | 17.9% | 1.2% | ||
| Q2 24 | 17.4% | 0.6% | ||
| Q1 24 | 20.2% | 1.6% |
| Q4 25 | 1.23× | 4.68× | ||
| Q3 25 | 1.33× | 0.15× | ||
| Q2 25 | 1.42× | — | ||
| Q1 25 | 1.33× | — | ||
| Q4 24 | 1.99× | — | ||
| Q3 24 | 1.51× | — | ||
| Q2 24 | 1.53× | — | ||
| Q1 24 | 1.63× | 0.15× |
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% |
PBF
| Gasoline And Distillate | $6.4B | 89% |
| Asphaltand Residual Oil | $283.6M | 4% |
| Other | $149.4M | 2% |
| Chemicals | $145.1M | 2% |
| Logistics Group | $93.5M | 1% |
| Lubricants | $81.9M | 1% |
