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Side-by-side financial comparison of Freeport-McMoRan (FCX) and Royal Caribbean Group (RCL). Click either name above to swap in a different company.
Freeport-McMoRan is the larger business by last-quarter revenue ($5.3B vs $4.5B, roughly 1.2× Royal Caribbean Group). Royal Caribbean Group runs the higher net margin — 21.3% vs 10.7%, a 10.6% gap on every dollar of revenue. On growth, Royal Caribbean Group posted the faster year-over-year revenue change (11.3% vs -10.4%). Over the past eight quarters, Royal Caribbean Group's revenue compounded faster (4.1% 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.
Royal Caribbean Group, formerly known as Royal Caribbean Cruises Ltd., is a cruise holding company headquartered in Miami, Florida, United States and incorporated in Liberia. It is the world's second-largest cruise line operator, after Carnival Corporation & plc. As of September 2025, Royal Caribbean Group fully owns three cruise lines: Royal Caribbean International, Celebrity Cruises, and Silversea Cruises. It also holds a 50% stake in TUI Cruises, which operates Mein Schiff and Hapag-Lloyd ...
FCX vs RCL — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $5.3B | $4.5B |
| Net Profit | $565.0M | $950.0M |
| Gross Margin | 12.4% | — |
| Operating Margin | 15.4% | 26.1% |
| Net Margin | 10.7% | 21.3% |
| Revenue YoY | -10.4% | 11.3% |
| Net Profit YoY | -21.6% | 29.1% |
| EPS (diluted) | — | $3.48 |
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 | — | $4.5B | ||
| Q4 25 | $5.3B | $4.3B | ||
| Q3 25 | $6.8B | $5.1B | ||
| Q2 25 | $7.5B | $4.5B | ||
| Q1 25 | $5.6B | $4.0B | ||
| Q4 24 | $5.9B | $3.8B | ||
| Q3 24 | $6.7B | $4.9B | ||
| Q2 24 | $6.4B | $4.1B |
| Q1 26 | — | $950.0M | ||
| Q4 25 | $565.0M | $753.0M | ||
| Q3 25 | $1.2B | $1.6B | ||
| Q2 25 | $1.5B | $1.2B | ||
| Q1 25 | $793.0M | $730.0M | ||
| Q4 24 | $721.0M | $552.0M | ||
| Q3 24 | $1.2B | $1.1B | ||
| Q2 24 | $1.3B | $854.0M |
| Q1 26 | — | — | ||
| Q4 25 | 12.4% | 47.4% | ||
| Q3 25 | 29.2% | 51.8% | ||
| Q2 25 | 34.2% | 49.7% | ||
| Q1 25 | 24.3% | 48.0% | ||
| Q4 24 | 27.0% | 45.4% | ||
| Q3 24 | 30.0% | 51.1% | ||
| Q2 24 | 31.5% | 47.6% |
| Q1 26 | — | 26.1% | ||
| Q4 25 | 15.4% | 21.9% | ||
| Q3 25 | 28.9% | 33.1% | ||
| Q2 25 | 32.3% | 29.3% | ||
| Q1 25 | 23.4% | 23.6% | ||
| Q4 24 | 21.1% | 16.6% | ||
| Q3 24 | 29.0% | 33.4% | ||
| Q2 24 | 32.0% | 26.7% |
| Q1 26 | — | 21.3% | ||
| Q4 25 | 10.7% | 17.7% | ||
| Q3 25 | 18.3% | 30.6% | ||
| Q2 25 | 20.6% | 26.7% | ||
| Q1 25 | 14.2% | 18.3% | ||
| Q4 24 | 12.3% | 14.7% | ||
| Q3 24 | 18.5% | 22.7% | ||
| Q2 24 | 20.0% | 20.8% |
| Q1 26 | — | $3.48 | ||
| Q4 25 | — | $2.76 | ||
| Q3 25 | $0.46 | $5.74 | ||
| Q2 25 | $0.53 | $4.41 | ||
| Q1 25 | $0.24 | $2.70 | ||
| Q4 24 | — | $2.27 | ||
| Q3 24 | $0.36 | $4.21 | ||
| Q2 24 | $0.42 | $3.11 |
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 | $512.0M |
| Total DebtLower is stronger | $9.4B | $21.1B |
| Stockholders' EquityBook value | $18.9B | $10.0B |
| Total Assets | $58.2B | $42.0B |
| Debt / EquityLower = less leverage | 0.50× | 2.11× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $512.0M | ||
| Q4 25 | $3.8B | $825.0M | ||
| Q3 25 | $4.3B | $432.0M | ||
| Q2 25 | $4.5B | $735.0M | ||
| Q1 25 | $4.4B | $386.0M | ||
| Q4 24 | $3.9B | $388.0M | ||
| Q3 24 | $5.0B | $418.0M | ||
| Q2 24 | $5.3B | $391.0M |
| Q1 26 | — | $21.1B | ||
| Q4 25 | $9.4B | $18.2B | ||
| Q3 25 | — | $17.2B | ||
| Q2 25 | — | $17.6B | ||
| Q1 25 | $9.4B | $18.0B | ||
| Q4 24 | $8.9B | $18.5B | ||
| Q3 24 | $9.7B | $19.0B | ||
| Q2 24 | $9.4B | $19.8B |
| Q1 26 | — | $10.0B | ||
| Q4 25 | $18.9B | $10.0B | ||
| Q3 25 | $18.7B | $10.1B | ||
| Q2 25 | $18.2B | $9.2B | ||
| Q1 25 | $17.7B | $8.0B | ||
| Q4 24 | $17.6B | $7.6B | ||
| Q3 24 | $17.5B | $7.0B | ||
| Q2 24 | $17.4B | $6.0B |
| Q1 26 | — | $42.0B | ||
| Q4 25 | $58.2B | $41.6B | ||
| Q3 25 | $56.8B | $40.1B | ||
| Q2 25 | $56.5B | $38.5B | ||
| Q1 25 | $56.0B | $37.5B | ||
| Q4 24 | $54.8B | $37.1B | ||
| Q3 24 | $55.4B | $37.1B | ||
| Q2 24 | $54.6B | $37.0B |
| Q1 26 | — | 2.11× | ||
| Q4 25 | 0.50× | 1.81× | ||
| Q3 25 | — | 1.70× | ||
| Q2 25 | — | 1.92× | ||
| Q1 25 | 0.53× | 2.26× | ||
| Q4 24 | 0.51× | 2.44× | ||
| Q3 24 | 0.55× | 2.69× | ||
| Q2 24 | 0.54× | 3.29× |
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 | — |
| FCF MarginFCF / Revenue | -5.9% | — |
| Capex IntensityCapex / Revenue | 19.1% | — |
| Cash ConversionOCF / Net Profit | 1.23× | 1.93× |
| TTM Free Cash FlowTrailing 4 quarters | $1.1B | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $1.8B | ||
| Q4 25 | $693.0M | $1.6B | ||
| Q3 25 | $1.7B | $1.5B | ||
| Q2 25 | $2.2B | $1.7B | ||
| Q1 25 | $1.1B | $1.6B | ||
| Q4 24 | $1.4B | $1.5B | ||
| Q3 24 | $1.9B | $897.0M | ||
| Q2 24 | $2.0B | $1.6B |
| Q1 26 | — | — | ||
| Q4 25 | $-312.0M | $116.0M | ||
| Q3 25 | $608.0M | $-989.0M | ||
| Q2 25 | $934.0M | $910.0M | ||
| Q1 25 | $-114.0M | $1.2B | ||
| Q4 24 | $197.0M | $915.0M | ||
| Q3 24 | $673.0M | $563.0M | ||
| Q2 24 | $840.0M | $-567.0M |
| Q1 26 | — | — | ||
| Q4 25 | -5.9% | 2.7% | ||
| Q3 25 | 8.9% | -19.2% | ||
| Q2 25 | 12.4% | 20.1% | ||
| Q1 25 | -2.0% | 30.0% | ||
| Q4 24 | 3.4% | 24.3% | ||
| Q3 24 | 10.1% | 11.5% | ||
| Q2 24 | 13.1% | -13.8% |
| Q1 26 | — | — | ||
| Q4 25 | 19.1% | 35.4% | ||
| Q3 25 | 15.5% | 47.8% | ||
| Q2 25 | 16.8% | 18.4% | ||
| Q1 25 | 21.0% | 10.7% | ||
| Q4 24 | 21.1% | 14.7% | ||
| Q3 24 | 17.9% | 6.8% | ||
| Q2 24 | 17.4% | 52.1% |
| Q1 26 | — | 1.93× | ||
| Q4 25 | 1.23× | 2.16× | ||
| Q3 25 | 1.33× | 0.93× | ||
| Q2 25 | 1.42× | 1.44× | ||
| Q1 25 | 1.33× | 2.23× | ||
| Q4 24 | 1.99× | 2.66× | ||
| Q3 24 | 1.51× | 0.81× | ||
| Q2 24 | 1.53× | 1.84× |
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% |
RCL
| Passenger ticket revenues | $3.0B | 68% |
| Onboard and other revenues | $1.4B | 32% |
