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Side-by-side financial comparison of Freeport-McMoRan (FCX) and Molson Coors Beverage Company (TAP). Click either name above to swap in a different company.
Freeport-McMoRan is the larger business by last-quarter revenue ($5.3B vs $3.1B, roughly 1.7× Molson Coors Beverage Company). Freeport-McMoRan runs the higher net margin — 10.7% vs 6.7%, a 4.0% gap on every dollar of revenue. On growth, Molson Coors Beverage Company posted the faster year-over-year revenue change (6.1% vs -10.4%). Molson Coors Beverage Company produced more free cash flow last quarter ($1.1B vs $-312.0M). Over the past eight quarters, Freeport-McMoRan's revenue compounded faster (-7.9% CAGR vs -9.8%).
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.
Molson Coors Beverage Company is a Canadian-American multinational drink and brewing company headquartered in Chicago, Illinois and Montreal, Quebec.
FCX vs TAP — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $5.3B | $3.1B |
| Net Profit | $565.0M | $209.3M |
| Gross Margin | 12.4% | 31.0% |
| Operating Margin | 15.4% | — |
| Net Margin | 10.7% | 6.7% |
| Revenue YoY | -10.4% | 6.1% |
| Net Profit YoY | -21.6% | -28.7% |
| EPS (diluted) | — | $1.22 |
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 | — | $3.1B | ||
| Q4 25 | $5.3B | $3.1B | ||
| Q3 25 | $6.8B | $3.5B | ||
| Q2 25 | $7.5B | $3.7B | ||
| Q1 25 | $5.6B | $2.7B | ||
| Q4 24 | $5.9B | $3.2B | ||
| Q3 24 | $6.7B | $3.6B | ||
| Q2 24 | $6.4B | $3.8B |
| Q1 26 | — | $209.3M | ||
| Q4 25 | $565.0M | $238.3M | ||
| Q3 25 | $1.2B | $-2.9B | ||
| Q2 25 | $1.5B | $428.7M | ||
| Q1 25 | $793.0M | $121.0M | ||
| Q4 24 | $721.0M | $287.8M | ||
| Q3 24 | $1.2B | $199.8M | ||
| Q2 24 | $1.3B | $427.0M |
| Q1 26 | — | 31.0% | ||
| Q4 25 | 12.4% | 31.0% | ||
| Q3 25 | 29.2% | 33.7% | ||
| Q2 25 | 34.2% | 34.3% | ||
| Q1 25 | 24.3% | 31.6% | ||
| Q4 24 | 27.0% | 32.0% | ||
| Q3 24 | 30.0% | 33.4% | ||
| Q2 24 | 31.5% | 34.6% |
| Q1 26 | — | — | ||
| Q4 25 | 15.4% | 10.4% | ||
| Q3 25 | 28.9% | -98.5% | ||
| Q2 25 | 32.3% | 15.6% | ||
| Q1 25 | 23.4% | 6.9% | ||
| Q4 24 | 21.1% | 12.0% | ||
| Q3 24 | 29.0% | 12.5% | ||
| Q2 24 | 32.0% | 15.6% |
| Q1 26 | — | 6.7% | ||
| Q4 25 | 10.7% | 7.6% | ||
| Q3 25 | 18.3% | -84.0% | ||
| Q2 25 | 20.6% | 11.5% | ||
| Q1 25 | 14.2% | 4.5% | ||
| Q4 24 | 12.3% | 8.9% | ||
| Q3 24 | 18.5% | 5.5% | ||
| Q2 24 | 20.0% | 11.1% |
| Q1 26 | — | $1.22 | ||
| Q4 25 | — | $1.32 | ||
| Q3 25 | $0.46 | $-14.79 | ||
| Q2 25 | $0.53 | $2.13 | ||
| Q1 25 | $0.24 | $0.59 | ||
| Q4 24 | — | $1.39 | ||
| Q3 24 | $0.36 | $0.96 | ||
| Q2 24 | $0.42 | $2.03 |
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 | $896.5M |
| Total DebtLower is stronger | $9.4B | $3.9B |
| Stockholders' EquityBook value | $18.9B | $10.4B |
| Total Assets | $58.2B | $22.7B |
| Debt / EquityLower = less leverage | 0.50× | 0.37× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $896.5M | ||
| Q4 25 | $3.8B | $896.5M | ||
| Q3 25 | $4.3B | $950.2M | ||
| Q2 25 | $4.5B | $613.8M | ||
| Q1 25 | $4.4B | $412.7M | ||
| Q4 24 | $3.9B | $969.3M | ||
| Q3 24 | $5.0B | $1.0B | ||
| Q2 24 | $5.3B | $1.6B |
| Q1 26 | — | $3.9B | ||
| Q4 25 | $9.4B | $6.3B | ||
| Q3 25 | — | $6.3B | ||
| Q2 25 | — | $6.3B | ||
| Q1 25 | $9.4B | $6.2B | ||
| Q4 24 | $8.9B | $6.1B | ||
| Q3 24 | $9.7B | $6.2B | ||
| Q2 24 | $9.4B | $7.0B |
| Q1 26 | — | $10.4B | ||
| Q4 25 | $18.9B | $10.2B | ||
| Q3 25 | $18.7B | $10.3B | ||
| Q2 25 | $18.2B | $13.4B | ||
| Q1 25 | $17.7B | $13.1B | ||
| Q4 24 | $17.6B | $13.1B | ||
| Q3 24 | $17.5B | $13.3B | ||
| Q2 24 | $17.4B | $13.2B |
| Q1 26 | — | $22.7B | ||
| Q4 25 | $58.2B | $22.7B | ||
| Q3 25 | $56.8B | $22.9B | ||
| Q2 25 | $56.5B | $26.8B | ||
| Q1 25 | $56.0B | $25.9B | ||
| Q4 24 | $54.8B | $26.1B | ||
| Q3 24 | $55.4B | $26.6B | ||
| Q2 24 | $54.6B | $27.4B |
| Q1 26 | — | 0.37× | ||
| Q4 25 | 0.50× | 0.61× | ||
| Q3 25 | — | 0.61× | ||
| Q2 25 | — | 0.47× | ||
| Q1 25 | 0.53× | 0.47× | ||
| Q4 24 | 0.51× | 0.47× | ||
| Q3 24 | 0.55× | 0.47× | ||
| Q2 24 | 0.54× | 0.53× |
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 | — |
| Free Cash FlowOCF − Capex | $-312.0M | $1.1B |
| FCF MarginFCF / Revenue | -5.9% | 36.5% |
| Capex IntensityCapex / Revenue | 19.1% | — |
| Cash ConversionOCF / Net Profit | 1.23× | — |
| TTM Free Cash FlowTrailing 4 quarters | $1.1B | $2.5B |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $693.0M | $540.7M | ||
| Q3 25 | $1.7B | $616.1M | ||
| Q2 25 | $2.2B | $718.3M | ||
| Q1 25 | $1.1B | $-90.7M | ||
| Q4 24 | $1.4B | $494.5M | ||
| Q3 24 | $1.9B | $521.2M | ||
| Q2 24 | $2.0B | $869.2M |
| Q1 26 | — | $1.1B | ||
| Q4 25 | $-312.0M | $357.8M | ||
| Q3 25 | $608.0M | $483.0M | ||
| Q2 25 | $934.0M | $555.0M | ||
| Q1 25 | $-114.0M | $-328.0M | ||
| Q4 24 | $197.0M | $383.4M | ||
| Q3 24 | $673.0M | $350.4M | ||
| Q2 24 | $840.0M | $691.7M |
| Q1 26 | — | 36.5% | ||
| Q4 25 | -5.9% | 11.4% | ||
| Q3 25 | 8.9% | 13.9% | ||
| Q2 25 | 12.4% | 14.8% | ||
| Q1 25 | -2.0% | -12.2% | ||
| Q4 24 | 3.4% | 11.8% | ||
| Q3 24 | 10.1% | 9.7% | ||
| Q2 24 | 13.1% | 18.0% |
| Q1 26 | — | — | ||
| Q4 25 | 19.1% | 5.9% | ||
| Q3 25 | 15.5% | 3.8% | ||
| Q2 25 | 16.8% | 4.4% | ||
| Q1 25 | 21.0% | 8.8% | ||
| Q4 24 | 21.1% | 3.4% | ||
| Q3 24 | 17.9% | 4.7% | ||
| Q2 24 | 17.4% | 4.6% |
| Q1 26 | — | — | ||
| Q4 25 | 1.23× | 2.27× | ||
| Q3 25 | 1.33× | — | ||
| Q2 25 | 1.42× | 1.68× | ||
| Q1 25 | 1.33× | -0.75× | ||
| Q4 24 | 1.99× | 1.72× | ||
| Q3 24 | 1.51× | 2.61× | ||
| Q2 24 | 1.53× | 2.04× |
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% |
TAP
Segment breakdown not available.
