Financials · FCX

Freeport-McMoRan Inc. (FCX) financials

For the twelve months ended Sep 30, 2026, Freeport-McMoRan Inc. reported $26.46B of revenue and $3.44B of net income.

Revenue, TTM
$26.46B
Revenue growth, YoY
+1.8%
Net income, TTM
$3.44B
Net income growth, YoY
+66.3%
Net margin
13.0%
EPS, diluted, TTM
$2.39
EPS growth, YoY
+67.1%
Cash
$4.33B
Total debt
$9.40B
P/E
24.77
P/S
3.22
Market cap
$85.33B
Annual revenue$25.91B
FY2016FY2025
Annual net income$2.20B
FY2016FY2025
Annual free cash flow$1.12B
FY2016FY2025

FCX revenue and earnings growth

FCX revenueQ3 2026$7.55B

Quarter YoY
+8.2%
QoQ
+7.4%
FY YoY
+1.8%
5Y CAGR
+12.8%
10Y CAGR
+5.9%

FCX revenue was $7.55B in fiscal Q3 2026 (ended Sep 30, 2026), up 8.2% from a year earlier and up 7.4% from the prior quarter. For the full fiscal 2025 it was $25.91B, up 1.8% from fiscal 2024. Compound annual growth was +12.8% over 5 years and +5.9% over 10 years. It rose in 7 of the last 10 fiscal years. Fiscal 2025 is the highest of the 15 fiscal years on file.

FCX net incomeQ3 2026$1.17B

Quarter YoY
+74.2%
QoQ
+19.3%
FY YoY
+16.7%
5Y CAGR
+29.8%

FCX net income was $1.17B in fiscal Q3 2026 (ended Sep 30, 2026), up 74.2% from a year earlier and up 19.3% from the prior quarter. For the full fiscal 2025 it was $2.20B, up 16.7% from fiscal 2024. Compound annual growth was +29.8% over 5 years. It rose in 3 of the last 5 fiscal years.

FCX EPSQ3 2026$0.81

Quarter YoY
+76.1%
QoQ
+19.1%
FY YoY
+16.9%
5Y CAGR
+30.0%

FCX diluted EPS was $0.81 in fiscal Q3 2026 (ended Sep 30, 2026), up 76.1% from a year earlier and up 19.1% from the prior quarter. For the full fiscal 2025 it was $1.52, up 16.9% from fiscal 2024. Compound annual growth was +30.0% over 5 years.

FCX free cash flowQ1 2026$522.00M

FY YoY
-52.6%
5Y CAGR
+1.1%

FCX free cash flow was $522.00M in fiscal Q1 2026 (ended Mar 31, 2026), compared with -$114.00M a year earlier. For the full fiscal 2025 it was $1.12B, down 52.6% from fiscal 2024. Compound annual growth was +1.1% over 5 years. It rose in 2 of the last 5 fiscal years.

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Income statement

Income statement
Line item
Dec 31, 2025
Dec 31, 2024
Dec 31, 2023
Dec 31, 2022
Dec 31, 2021
Dec 31, 2020
Dec 31, 2019
Dec 31, 2018
Dec 31, 2017
Dec 31, 2016
Revenue$25.91B$25.45B$22.86B$23.27B$22.84B$14.20B$14.40B$18.95B$16.40B$14.83B
Cost of revenue$18.62B$17.80B$15.70B$15.09B$14.03B$11.65B$13.13B$13.47B$11.98B$17.53B
Gross profit$7.30B$7.66B$7.16B$8.18B$8.81B$2.54B$1.28B$5.48B$4.42B-$2.70B
Selling, general and admin$545.00M$513.00M$479.00M$420.00M$383.00M$370.00M$394.00M$422.00M$477.00M$597.00M
Operating income$6.52B$6.86B$6.22B$7.04B$8.37B$2.44B$1.09B$4.75B$3.69B-$2.73B
Pre-tax income$6.37B$6.91B$6.01B$6.71B$7.66B$1.80B$306.00M$3.89B$2.90B-$3.47B
Income tax$2.22B$2.52B$2.27B$2.27B$2.30B$944.00M$510.00M$991.00M$883.00M$371.00M
Net income$2.20B$1.89B$1.85B$3.47B$4.31B$599.00M-$239.00M$2.60B$1.82B-$4.15B
EPS, basic$1.53$1.31$1.28$2.40$2.93$0.41-$0.17$1.79$1.25-$3.16
EPS, diluted$1.52$1.30$1.28$2.39$2.90$0.41-$0.17$1.78$1.25-$3.16
Diluted shares1.44B1.45B1.44B1.45B1.48B1.46B1.45B1.46B1.45B1.32B

Balance sheet

Balance sheet
Line item
Dec 31, 2025
Dec 31, 2024
Dec 31, 2023
Dec 31, 2022
Dec 31, 2021
Dec 31, 2020
Dec 31, 2019
Dec 31, 2018
Dec 31, 2017
Dec 31, 2016
Cash and equivalents$3.82B$4.91B$6.06B$8.39B$8.31B$3.90B$2.28B$4.46B$4.71B$4.42B
Receivables$977.00M$578.00M$1.21B$1.34B$1.17B$892.00M$741.00M$829.00M$1.32B$1.13B
Current assets$13.79B$13.30B$14.06B$15.61B$14.83B$9.30B$7.92B$10.46B$10.63B$10.44B
Total assets$58.17B$54.85B$52.51B$51.09B$48.02B$42.14B$40.81B$42.22B$37.30B$37.32B
Current liabilities$6.02B$5.50B$5.82B$6.34B$5.89B$3.42B$3.21B$3.33B$4.91B$4.26B
Short-term debt$466.00M$41.00M$766.00M$1.04B$372.00M$34.00M$5.00M$17.00M$1.41B$1.23B
Long-term debt$8.91B$8.91B$8.66B$9.58B$9.08B$9.68B$9.82B$11.12B$11.81B$14.79B
Total debt$9.38B$8.95B$9.42B$10.62B$9.45B$9.71B$9.83B$11.14B$13.23B$16.03B
Total liabilities$27.40B$26.07B$25.20B$26.22B$25.00B$23.48B$23.36B$24.32B$26.01B$28.06B
Shareholders' equity$18.90B$28.78B$27.31B$24.87B$23.02B$18.67B$17.45B$17.89B$11.30B$9.26B

Cash flow

Cash flow
Line item
Dec 31, 2025
Dec 31, 2024
Dec 31, 2023
Dec 31, 2022
Dec 31, 2021
Dec 31, 2020
Dec 31, 2019
Dec 31, 2018
Dec 31, 2017
Dec 31, 2016
Operating cash flow$5.61B$7.16B$5.28B$5.14B$7.71B$3.02B$1.48B$3.86B$4.67B$3.74B
Capital expenditures$4.49B$4.81B$4.82B$3.47B$2.12B$1.96B$2.65B$1.97B$1.41B$2.81B
Free cash flow$1.12B$2.35B$455.00M$1.67B$5.60B$1.06B-$1.17B$1.89B$3.26B$924.00M
Investing cash flow-$4.47B-$5.03B-$4.96B-$3.44B-$1.96B-$1.26B-$2.10B-$5.02B-$1.32B$3.55B
Financing cash flow-$1.88B-$3.28B-$2.65B-$1.62B-$1.34B-$128.00M-$1.56B$900.00M-$3.06B-$3.17B
Dividends paid$865.00M$865.00M$863.00M$866.00M$1.00B$0$0$218.00M$176.00M$699.00M
Share repurchases$107.00M$59.00M$0$1.35B$488.00M$0$0---
Stock-based compensation$121.00M$109.00M$109.00M$95.00M$98.00M$99.00M$63.00M$76.00M$71.00M$86.00M
Depreciation and amortization$2.24B$2.24B$2.07B$2.02B$2.00B$1.53B$1.41B$1.75B$1.71B$2.61B

Key ratios

Key ratios
Line item
Dec 31, 2025
Dec 31, 2024
Dec 31, 2023
Dec 31, 2022
Dec 31, 2021
Dec 31, 2020
Dec 31, 2019
Dec 31, 2018
Dec 31, 2017
Dec 31, 2016
Revenue growth, YoY1.8%11.4%-1.8%1.9%60.9%-1.4%-24.0%15.5%10.6%1.5%
Net income growth, YoY16.7%2.2%-46.7%-19.5%618.9%--43.2%--
EPS growth, YoY16.9%1.6%-46.4%-17.6%607.3%--42.4%--
Gross margin28.2%30.1%31.3%35.2%38.6%17.9%8.9%28.9%27.0%-18.2%
Operating margin25.2%27.0%27.2%30.2%36.6%17.2%7.6%25.1%22.5%-18.4%
Net margin8.5%7.4%8.1%14.9%18.8%4.2%-1.7%13.7%11.1%-28.0%
Free cash flow margin4.3%9.2%2.0%7.2%24.5%7.4%-8.1%10.0%19.9%6.2%
Return on equity11.7%6.6%6.8%13.9%18.7%3.2%-1.4%14.5%16.1%-44.9%
Return on assets3.8%3.4%3.5%6.8%9.0%1.4%-0.6%6.2%4.9%-11.1%
Current ratio2.292.422.422.462.522.722.473.142.162.45
Debt to equity0.500.310.350.430.410.520.560.621.171.73

Source: XBRL data Freeport-McMoRan Inc. files with the SEC, latest filing dated Nov 6, 2026 (see filings on SEC EDGAR). Provided for information only, not investment advice. Check the filing before relying on a number.

* Worked out from the filings rather than stated in them: Q4 is the full year less the first nine months.

Per-share figures and share counts are restated for stock splits the filings show: 2-for-1, first reported Feb 25, 2011.

EPS growth is left out where the share count moved enough to suggest a split the filings do not show. Growth rates need a positive starting figure. CAGR is compound annual growth between fiscal years. The CSV holds every period on file, in full figures, from the same SEC filings.

FCX peers

CompanyRevenueGrowthNet incomeNet marginMarket cap
FCX$26.46B+1.8%$3.44B13.0%$85.33B
SCCO$17.11B+38.7%$6.36B37.2%$141.23B
RIO$57.64B+6.3%$9.97B17.3%$105.17B
VALE$38.40B+0.9%$2.35B6.1%$49.46B
HBM$2.21B+9.4%$568.50M25.7%$9.29B
BVN$1.73B+49.2%$782.14M45.2%$7.11B
CLF$20.07B+7.8%-$473.00M-2.4%$6.54B
AUGO$921.73M+55.1%-$79.34M-8.6%$6.52B
MP$399.48M+71.6%-$39.55M-9.9%$6.31B

FCX FAQ

8 questions
  • What is FCX revenue?
    Freeport-McMoRan Inc. (FCX) reported $26.46B of revenue for the twelve months ended Sep 30, 2026. That is up 1.8% from the year before. Revenue for fiscal 2025 was $25.91B.
  • Is FCX profitable?
    Yes. Freeport-McMoRan Inc. earned $3.44B in net income for the twelve months ended Sep 30, 2026, a net margin of 13.0%.
  • How much cash and debt does FCX have?
    Freeport-McMoRan Inc. reported $4.33B in cash and cash equivalents and $9.40B of debt on its most recent balance sheet in SEC filings.
  • How fast is FCX revenue growing?
    Freeport-McMoRan Inc.'s revenue changed +1.8% in fiscal 2025, to $25.91B. Its compound annual growth rate was +12.8% over 5 years and +5.9% over 10 years.
  • What is FCX gross margin?
    Freeport-McMoRan Inc.'s gross profit was $7.42B on $26.46B of revenue for the twelve months ended Sep 30, 2026, a gross margin of 28.1%.
  • What is FCX earnings per share?
    Diluted earnings per share were $2.39 for the twelve months ended Sep 30, 2026, from SEC filings, restated for any stock split those filings show.
  • When did FCX last report financial results?
    The latest statements here come from Freeport-McMoRan Inc.'s 10-Q filed on Nov 6, 2026, covering the period ended Sep 30, 2026.
  • Where does this FCX financial data come from?
    Quantisnow builds these statements from the structured XBRL data Freeport-McMoRan Inc. files with the SEC. It is provided for information only and is not investment advice.