Freeport-McMoRan Inc. FCX

72.31 0.23 0.32% as of 25 Sep
Market cap
$104.1B
P/E
35.6×
Indexes indicate stock being part of an index,
Growth Flags show if company had growth for consecutive years

Freeport-McMoRan Inc. (FCX) Gross margin

Freeport-McMoRan Inc.'s gross margin over the twelve months to 30 June 2026 was 27.1%, down 1.1 percentage points from fiscal 2025 (28.2%). Over the past ten years it has ranged from −87.7% (fiscal 2015) to 38.6% (fiscal 2021); the current reading is higher than 64% of that period. That is below the Copper industry median of 42.8% and above the Basic Materials sector median of 25.1%.

Gross margin, annual

Annual

Period Gross margin Change (points)
FY2025 28.2% (1.93)
FY2024 30.1% (1.24)
FY2023 31.3% (2.43)
FY2022 33.8% (4.83)
FY2021 38.6% 20.68
FY2020 17.9% 9.04
FY2019 8.87% (18.84)
FY2018 27.7% 0.75
FY2017 27.0% 45.19
FY2016 −18.2% 69.45

Quarterly

Period Gross margin Change (points)
Jun 2026 31.1% 4.55
Mar 2026 26.6% 8.50
Dec 2025 18.1% (12.67)
Sep 2025 30.7% (3.99)
42 more quarters

Against its own ten years

Low −87.7% High 38.6%
Ten-year median 27.7%
Current reading's percentile 64

Gross margin against peers

Company Gross margin
SCCO Southern Copper Corporation compare 63.8%
IE Ivanhoe Electric Inc. compare 58.7%
ERO Ero Copper Corp. compare 42.8%
HBM HudBay Minerals Inc compare 39.4%
FCX Freeport-McMoRan Inc. 27.1%
Copper industry median 42.8%
Basic Materials sector median 25.1%
Market median 46.3%

What Gross margin is

Gross Margin tells an investor how much of each sale a company keeps after paying the direct costs of making or buying what it sells.

Gross Profit ÷ Revenue

The full definition of Gross margin →

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