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自由港麦克莫兰（FCX）与Hudbay Minerals Inc.（HBM）财务数据对比。点击上方公司名可切换其他公司
自由港麦克莫兰的季度营收约是Hudbay Minerals Inc.的2.6倍（$5.3B vs $2.0B）。自由港麦克莫兰净利率更高（10.7% vs 3.4%，领先7.4%）。过去两年Hudbay Minerals Inc.的营收复合增速更高（161.7% vs -7.9%）
自由港麦克莫兰是总部位于美国亚利桑那州凤凰城的矿业企业，是全球最大的钼生产商、主要铜生产商之一，运营着坐落于印度尼西亚巴布亚省的世界最大金矿格拉斯伯格矿。
哈德贝矿业是加拿大矿业企业，主营铜、金、银、锌、钼等矿产的生产开采。2024年公司铜产量达13.79万吨、黄金33.22万盎司、白银398.39万盎司、锌3.33万吨、钼1323吨，当年营收中铜销售占比57%，黄金占33%，锌占4%。
FCX vs HBM — 直观对比
营收规模更大
FCX
是对方的2.6倍
$2.0B
净利率更高
FCX
高出7.4%
3.4%
两年增速更快
HBM
近两年复合增速
-7.9%
损益表 — Q4 2025 vs Q1 2026
| 指标 | | |
|---|---|---|
| 营收 | $5.3B | $2.0B |
| 净利润 | $565.0M | $67.8M |
| 毛利率 | 12.4% | 27.4% |
| 营业利润率 | 15.4% | — |
| 净利率 | 10.7% | 3.4% |
| 营收同比 | -10.4% | — |
| 净利润同比 | -21.6% | — |
| 每股收益（稀释后） | — | — |
绿色 = 该指标领先。财年不对齐时期间可能不同
8季度营收与利润趋势
并排季度历史对比，按日历期对齐，财年错位的公司也能正确匹配
营收FCXHBM
| Q1 26 | — | $2.0B | ||
| Q4 25 | $5.3B | $1.5B | ||
| Q3 25 | $6.8B | — | ||
| Q2 25 | $7.5B | $110.9K | ||
| Q1 25 | $5.6B | $525.0M | ||
| Q4 24 | $5.9B | $1.4B | ||
| Q3 24 | $6.7B | $5.3K | ||
| Q2 24 | $6.4B | $113.3K |
净利润FCXHBM
| Q1 26 | — | $67.8M | ||
| Q4 25 | $565.0M | — | ||
| Q3 25 | $1.2B | — | ||
| Q2 25 | $1.5B | — | ||
| Q1 25 | $793.0M | $18.5M | ||
| Q4 24 | $721.0M | — | ||
| Q3 24 | $1.2B | — | ||
| Q2 24 | $1.3B | — |
毛利率FCXHBM
| Q1 26 | — | 27.4% | ||
| Q4 25 | 12.4% | — | ||
| Q3 25 | 29.2% | — | ||
| Q2 25 | 34.2% | — | ||
| Q1 25 | 24.3% | 29.0% | ||
| Q4 24 | 27.0% | — | ||
| Q3 24 | 30.0% | — | ||
| Q2 24 | 31.5% | — |
营业利润率FCXHBM
| 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% | — |
净利率FCXHBM
| Q1 26 | — | 3.4% | ||
| Q4 25 | 10.7% | — | ||
| Q3 25 | 18.3% | — | ||
| Q2 25 | 20.6% | — | ||
| Q1 25 | 14.2% | 3.5% | ||
| Q4 24 | 12.3% | — | ||
| Q3 24 | 18.5% | — | ||
| Q2 24 | 20.0% | — |
每股收益（稀释后）FCXHBM
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | $0.46 | — | ||
| Q2 25 | $0.53 | — | ||
| Q1 25 | $0.24 | — | ||
| Q4 24 | — | — | ||
| Q3 24 | $0.36 | — | ||
| Q2 24 | $0.42 | — |
资产负债表与财务实力
最新季度各公司的流动性、杠杆与账面价值一览
| 指标 | | |
|---|---|---|
| 现金及短期投资手头流动性 | $3.8B | — |
| 总债务越低越好 | $9.4B | — |
| 股东权益账面价值 | $18.9B | — |
| 总资产 | $58.2B | — |
| 负债/权益比越低杠杆越低 | 0.50× | — |
8季度趋势，按日历期对齐
现金及短期投资FCXHBM
| Q1 26 | — | — | ||
| 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 | — |
总债务FCXHBM
| Q1 26 | — | — | ||
| Q4 25 | $9.4B | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | $9.4B | — | ||
| Q4 24 | $8.9B | — | ||
| Q3 24 | $9.7B | — | ||
| Q2 24 | $9.4B | — |
股东权益FCXHBM
| Q1 26 | — | — | ||
| 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 | — |
总资产FCXHBM
| Q1 26 | — | — | ||
| 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 | — |
负债/权益比FCXHBM
| Q1 26 | — | — | ||
| Q4 25 | 0.50× | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | 0.53× | — | ||
| Q4 24 | 0.51× | — | ||
| Q3 24 | 0.55× | — | ||
| Q2 24 | 0.54× | — |
现金流与资本效率
扣除再投资后实际产生的现金。现金流比净利润更难造假
| 指标 | | |
|---|---|---|
| 经营现金流最新季度 | $693.0M | — |
| 自由现金流经营现金流 - 资本支出 | $-312.0M | — |
| 自由现金流率自由现金流/营收 | -5.9% | — |
| 资本支出强度资本支出/营收 | 19.1% | — |
| 现金转化率经营现金流/净利润 | 1.23× | — |
| 过去12个月自由现金流最近4个季度 | $1.1B | — |
8季度趋势，按日历期对齐
经营现金流FCXHBM
| Q1 26 | — | — | ||
| 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 | — |
自由现金流FCXHBM
| Q1 26 | — | — | ||
| 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 | — |
自由现金流率FCXHBM
| Q1 26 | — | — | ||
| 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% | — |
资本支出强度FCXHBM
| Q1 26 | — | — | ||
| 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% | — |
现金转化率FCXHBM
| Q1 26 | — | — | ||
| 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× | — |
财务流量对比
营收 → 毛利润 → 营业利润 → 净利润流向图
业务分部营收拆解
FCX
| Morenci | $2.5B | 47% |
| Grasberg Segment | $964.0M | 18% |
| Copper In Concentrates | $934.0M | 18% |
| Molybdenum | $541.0M | 10% |
| Gold | $388.0M | 7% |
HBM
暂无分部数据
