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Side-by-side financial comparison of Freeport-McMoRan (FCX) and PulteGroup (PHM). Click either name above to swap in a different company.
Freeport-McMoRan is the larger business by last-quarter revenue ($5.3B vs $3.4B, roughly 1.5× PulteGroup). Freeport-McMoRan runs the higher net margin — 10.7% vs 10.2%, a 0.5% gap on every dollar of revenue. On growth, Freeport-McMoRan posted the faster year-over-year revenue change (-10.4% vs -12.4%). Over the past eight quarters, Freeport-McMoRan's revenue compounded faster (-7.9% CAGR vs -13.9%).
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.
PulteGroup, Inc. is an American residential home-construction company based in Atlanta, Georgia, United States. As of 2023, the company is the third-largest home-construction company in the United States based on the number of homes closed. In total, the company has built over 775,000 homes.
FCX vs PHM — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $5.3B | $3.4B |
| Net Profit | $565.0M | $347.0M |
| Gross Margin | 12.4% | — |
| Operating Margin | 15.4% | — |
| Net Margin | 10.7% | 10.2% |
| Revenue YoY | -10.4% | -12.4% |
| Net Profit YoY | -21.6% | -33.6% |
| 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.
| Q1 26 | — | $3.4B | ||
| Q4 25 | $5.3B | $4.6B | ||
| Q3 25 | $6.8B | $4.4B | ||
| Q2 25 | $7.5B | $4.4B | ||
| Q1 25 | $5.6B | $3.9B | ||
| Q4 24 | $5.9B | $4.9B | ||
| Q3 24 | $6.7B | $4.5B | ||
| Q2 24 | $6.4B | $4.6B |
| Q1 26 | — | $347.0M | ||
| Q4 25 | $565.0M | $501.6M | ||
| Q3 25 | $1.2B | $585.8M | ||
| Q2 25 | $1.5B | $608.5M | ||
| Q1 25 | $793.0M | $522.8M | ||
| Q4 24 | $721.0M | $913.2M | ||
| Q3 24 | $1.2B | $697.9M | ||
| Q2 24 | $1.3B | $809.1M |
| Q1 26 | — | — | ||
| Q4 25 | 12.4% | — | ||
| Q3 25 | 29.2% | 27.8% | ||
| Q2 25 | 34.2% | 28.6% | ||
| Q1 25 | 24.3% | 28.8% | ||
| Q4 24 | 27.0% | — | ||
| Q3 24 | 30.0% | 30.4% | ||
| Q2 24 | 31.5% | 31.4% |
| Q1 26 | — | — | ||
| 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 26 | — | 10.2% | ||
| Q4 25 | 10.7% | 10.9% | ||
| Q3 25 | 18.3% | 13.3% | ||
| Q2 25 | 20.6% | 13.8% | ||
| Q1 25 | 14.2% | 13.4% | ||
| Q4 24 | 12.3% | 18.6% | ||
| Q3 24 | 18.5% | 15.6% | ||
| Q2 24 | 20.0% | 17.6% |
| Q1 26 | — | — | ||
| Q4 25 | — | $2.56 | ||
| Q3 25 | $0.46 | $2.96 | ||
| Q2 25 | $0.53 | $3.03 | ||
| Q1 25 | $0.24 | $2.57 | ||
| Q4 24 | — | $4.41 | ||
| Q3 24 | $0.36 | $3.35 | ||
| Q2 24 | $0.42 | $3.83 |
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 | $1.8B |
| Total DebtLower is stronger | $9.4B | — |
| Stockholders' EquityBook value | $18.9B | $13.0B |
| Total Assets | $58.2B | $5.2B |
| Debt / EquityLower = less leverage | 0.50× | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $1.8B | ||
| Q4 25 | $3.8B | $2.0B | ||
| Q3 25 | $4.3B | $1.5B | ||
| Q2 25 | $4.5B | $1.2B | ||
| Q1 25 | $4.4B | $1.2B | ||
| Q4 24 | $3.9B | $1.6B | ||
| Q3 24 | $5.0B | $1.4B | ||
| Q2 24 | $5.3B | $1.4B |
| Q1 26 | — | — | ||
| Q4 25 | $9.4B | $43.9M | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | $9.4B | — | ||
| Q4 24 | $8.9B | $31.1M | ||
| Q3 24 | $9.7B | — | ||
| Q2 24 | $9.4B | — |
| Q1 26 | — | $13.0B | ||
| Q4 25 | $18.9B | $13.0B | ||
| Q3 25 | $18.7B | $12.8B | ||
| Q2 25 | $18.2B | $12.6B | ||
| Q1 25 | $17.7B | $12.3B | ||
| Q4 24 | $17.6B | $12.1B | ||
| Q3 24 | $17.5B | $11.6B | ||
| Q2 24 | $17.4B | $11.2B |
| Q1 26 | — | $5.2B | ||
| Q4 25 | $58.2B | $18.0B | ||
| Q3 25 | $56.8B | $17.9B | ||
| Q2 25 | $56.5B | $17.6B | ||
| Q1 25 | $56.0B | $17.3B | ||
| Q4 24 | $54.8B | $17.4B | ||
| Q3 24 | $55.4B | $17.0B | ||
| Q2 24 | $54.6B | $16.5B |
| Q1 26 | — | — | ||
| Q4 25 | 0.50× | 0.00× | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | 0.53× | — | ||
| Q4 24 | 0.51× | 0.00× | ||
| Q3 24 | 0.55× | — | ||
| Q2 24 | 0.54× | — |
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 | $159.8M |
| Free Cash FlowOCF − Capex | $-312.0M | — |
| FCF MarginFCF / Revenue | -5.9% | — |
| Capex IntensityCapex / Revenue | 19.1% | 0.7% |
| Cash ConversionOCF / Net Profit | 1.23× | 0.46× |
| TTM Free Cash FlowTrailing 4 quarters | $1.1B | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $159.8M | ||
| Q4 25 | $693.0M | $771.1M | ||
| Q3 25 | $1.7B | $678.4M | ||
| Q2 25 | $2.2B | $287.5M | ||
| Q1 25 | $1.1B | $134.2M | ||
| Q4 24 | $1.4B | $567.6M | ||
| Q3 24 | $1.9B | $455.9M | ||
| Q2 24 | $2.0B | $417.5M |
| Q1 26 | — | — | ||
| Q4 25 | $-312.0M | $739.8M | ||
| Q3 25 | $608.0M | $651.1M | ||
| Q2 25 | $934.0M | $253.0M | ||
| Q1 25 | $-114.0M | $104.6M | ||
| Q4 24 | $197.0M | $543.1M | ||
| Q3 24 | $673.0M | $417.2M | ||
| Q2 24 | $840.0M | $386.2M |
| Q1 26 | — | — | ||
| Q4 25 | -5.9% | 16.0% | ||
| Q3 25 | 8.9% | 14.8% | ||
| Q2 25 | 12.4% | 5.7% | ||
| Q1 25 | -2.0% | 2.7% | ||
| Q4 24 | 3.4% | 11.0% | ||
| Q3 24 | 10.1% | 9.3% | ||
| Q2 24 | 13.1% | 8.4% |
| Q1 26 | — | 0.7% | ||
| Q4 25 | 19.1% | 0.7% | ||
| Q3 25 | 15.5% | 0.6% | ||
| Q2 25 | 16.8% | 0.8% | ||
| Q1 25 | 21.0% | 0.8% | ||
| Q4 24 | 21.1% | 0.5% | ||
| Q3 24 | 17.9% | 0.9% | ||
| Q2 24 | 17.4% | 0.7% |
| Q1 26 | — | 0.46× | ||
| Q4 25 | 1.23× | 1.54× | ||
| Q3 25 | 1.33× | 1.16× | ||
| Q2 25 | 1.42× | 0.47× | ||
| Q1 25 | 1.33× | 0.26× | ||
| Q4 24 | 1.99× | 0.62× | ||
| Q3 24 | 1.51× | 0.65× | ||
| Q2 24 | 1.53× | 0.52× |
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% |
PHM
| Home sale revenues | $3.3B | 97% |
| Financial Services | $71.7M | 2% |
| Land sale and other revenues | $29.3M | 1% |
