Freeport-McMoRan Inc.

FCX Basic Materials Copper

Freeport-McMoRan Inc.’s revenue for fiscal 2025 (year ended December 2025) was $25.9 billion, up 1.81% from fiscal 2024.

Revenue
+8.23%
EPS
+28.3%
Free cash flow
+25.5%
Total debt
+1.08%

Quarter to September 2026, against a year earlier

58.29 4.31 −6.88%
Market cap
$83.2B
P/E
28.7×
Fwd P/E
19.6×
Dividend yield
0.51%
F-score
6/9
Altman Z
2.61
Beneish M
−2.09
Dividend safety
28/100

Freeport-McMoRan Inc. (FCX) Gross margin

Alert me on Gross margin

Freeport-McMoRan Inc.'s gross margin over the twelve months to 30 September 2026 was 28.0%, down 0.2 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 25.0%.

Gross margin, annual

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Annual newest first

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 newest first

Period Gross margin Change (points)
Sep 2026 33.8% 2.65
Jun 2026 31.1% 4.55
Mar 2026 26.6% 8.50
Dec 2025 18.1% (12.67)
43 more quarters

Against its own ten years

Low −87.7% High 38.6%
Ten-year median 27.7%
Current reading's percentile 47

Gross margin against peers

Company Gross margin
SCCO Southern Copper Corporation compare 65.2%
IE Ivanhoe Electric Inc. compare 59.0%
ERO Ero Copper Corp. compare 42.8%
HBM HudBay Minerals Inc compare 39.4%
FCX Freeport-McMoRan Inc. 28.0%
LCU Lion Copper Corp. compare —
COPR Idaho Copper Corporation compare —
Copper industry median 42.8%
Basic Materials sector median 25.0%
Market median 45.1%

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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