Friday 30 October 2026 Export FCX’s income statement to Excel — free account

Freeport-McMoRan Inc.

Freeport-McMoRan Inc.’s revenue for fiscal 2025 (year ended December 2025) was $25.9 billion, up 1.81% from fiscal 2024. In the quarter to June 2026, revenue fell 7.29%, EPS grew 28.3%, free cash flow grew 1.07% and total debt rose 1.46%, each against the same quarter a year earlier. Member of the S&P 500; dividend growth for five consecutive years, revenue growth for three.

62.43 3.71 −5.61%

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Market cap: $95.0B
P/E: 30.8×
Fwd P/E: 20.8×
Dividend yield: 0.48%
F-score: 6/9
Altman Z: 2.61
Beneish M: −2.09
Dividend safety: 28/100

Overview Business Profile Earnings & Analysis Segments Filings

Freeport-McMoRan Inc. (FCX) revenue by segment, product and region

Where the money comes from and where it goes

Fiscal 2013: revenue by products and services, and margins
Refined Copper Products	9,178	43.87%
Copper In Concentrates	5,328	25.47%
Oil Products	2,310	11.04%
Gold	1,656	7.92%
Silver And Other	1,339	6.40%
Molybdenum	1,110	5.31%
Gross margin		30.04%
Operating margin		25.58%
Pre-tax margin		23.48%

Revenue by product or service $m

Line	FY2015	FY2014	FY2013	FY2012	FY2011
Copper Cathode	4,159 28.47%	—	—	—	—
Copper In Concentrates	2,927 20.04%	3,366 16.83%	5,328 25.47%	4,589 25.48%	5,938 28.44%
Refined Copper Products	2,481 16.99%	8,187 40.93%	9,178 43.87%	9,699 53.85%	10,297 49.32%
Oil Products	1,694 11.60%	4,233 21.16%	2,310 11.04%	0 0.00%	0 0.00%
Gold	1,540 10.54%	1,584 7.92%	1,656 7.92%	1,741 9.67%	2,429 11.63%
Silver And Other	1,023 7.00%	1,424 7.12%	1,339 6.40%	794 4.41%	868 4.16%
Molybdenum	783 5.36%	1,207 6.03%	1,110 5.31%	1,187 6.59%	1,348 6.46%
Revenue	14,607	20,001	20,921	18,010	20,880

Revenue by segment $m

Line	FY2025	FY2024	FY2023	FY2013	FY2012	FY2011
Grasberg Segment	8,622 34.23%	10,318 40.99%	8,437 37.16%	3,751 17.93%	3,611 20.05%	4,504 21.57%
Rod and Refining Segment	6,890 27.36%	6,239 24.79%	5,926 26.10%	4,995 23.88%	4,989 27.70%	5,523 26.45%
Cerro Verde	4,706 18.68%	4,256 16.91%	4,117 18.13%	—	—	—
Atlantic Copper Smelting and Refining Segment	3,169 12.58%	3,017 11.99%	2,810 12.38%	2,027 9.69%	2,683 14.90%	2,969 14.22%
Morenci	2,648 10.51%	2,347 9.32%	2,419 10.65%	—	—	—
Oil and Gas Operations	—	—	—	2,616 12.50%	0 0.00%	0 0.00%
Other Mines South America	—	—	—	2,379 11.37%	2,143 11.90%	1,192 5.71%
Tenke	—	—	—	1,590 7.60%	1,349 7.49%	1,282 6.14%
Other Mining and Eliminations	—	—	—	1,516 7.25%	1,259 6.99%	1,428 6.84%
Cerro Verde South America	—	—	—	1,473 7.04%	1,767 9.81%	2,115 10.13%
Other Mines North America Copper Mines	—	—	—	326 1.56%	46 0.26%	176 0.84%
Morenci North America Copper Mines	—	—	—	244 1.17%	156 0.87%	418 2.00%
Corporate Other And Eliminations	—	—	—	4 0.02%	7 0.04%	8 0.04%
Molybdenum	—	—	—	0 0.00%	0 0.00%	0 0.00%
Candelaria	—	—	—	—	—	1,265 6.06%
Eliminations	(849) (3.37%)	(1,008) (4.00%)	(1,006) (4.43%)	—	—	—
Mining Operations	—	—	—	18,301	18,003	20,872
Revenue	25,186	25,169	22,703	20,921	18,010	20,880

Operating income by segment $m, and margin

	FY2025	FY2024	FY2023	FY2013	FY2012	FY2011
Grasberg Segment	‡	‡	‡	‡	‡	‡
Cerro Verde	‡	‡	‡	‡	‡	‡
Morenci	‡	‡	‡	‡	‡	‡
Rod and Refining Segment	‡	‡	‡	‡	‡	‡
Atlantic Copper Smelting and Refining Segment	‡	‡	‡	‡	‡	‡
Other Mines South America	‡	‡	‡	‡	‡	‡
Other Mines North America Copper Mines	‡	‡	‡	‡	‡	‡
Cerro Verde South America	‡	‡	‡	‡	‡	‡
Tenke	‡	‡	‡	‡	‡	‡
Morenci North America Copper Mines	‡	‡	‡	‡	‡	‡
Oil and Gas Operations	‡	‡	‡	‡	‡	‡
Molybdenum	‡	‡	‡	‡	‡	‡
Corporate Other And Eliminations	‡	‡	‡	‡	‡	‡
Other Mining and Eliminations	‡	‡	‡	‡	‡	‡
Candelaria	‡	‡	‡	‡	‡	‡
Corporate and other	‡	‡	‡	‡	‡	‡
Operating income	‡	‡	‡	‡	‡	‡

Revenue by region $m

Line	FY2020	FY2013
United States	5,248 37.77%	9,331 44.60%
South America	2,713 19.53%	3,852 18.41%
Indonesia	1,760 12.67%	1,651 7.89%
Spain	785 5.65%	1,056 5.05%
China	692 4.98%	1,048 5.01%
United Kingdom	491 3.53%	—
Germany	248 1.78%	—
Chile	221 1.59%	754 3.60%
Singapore	191 1.37%	119 0.57%
India	152 1.09%	431 2.06%
South Korea	89 0.64%	198 0.95%
North America	77 0.55%	570 2.72%
Philippines	34 0.24%	—
Turkey	—	334 1.60%
Egypt	—	296 1.41%
Switzerland	2,032	—
Japan	—	2,125
Others	—	2,271
Other	1,050	—
Revenue	13,894	20,921

Operating income by segment $m, and margin

	FY2020	FY2013
North America	‡	‡
South America	‡	‡
Operating income	‡	‡
	‡	‡
	‡	‡
	‡	‡
	‡	‡
	‡	‡
	‡	‡
	‡	‡
	‡	‡
	‡	‡

Operating figures as reported in each quarter’s results release or filing

Figure	Quarter	Latest	A year before	Change
Average copper ore grade	Q3 FY2026	0.20%	0.21%	—
Average realized price per ounce	Q3 FY2026	$4,273.00	$3,539.00	+20.74%
Average realized price per pound	Q3 FY2026	$32.46	$24.07	+34.86%
Average realized price per pound	Q3 FY2026	$6.54	$4.68	+39.74%
Copper	Q3 FY2026	0.29%	0.31%	—
Copper production	Q3 FY2026	221.0M	213.0M	+3.76%
Copper production	Q3 FY2026	832.0M	912.0M	−8.77%
Copper recovery rate	Q3 FY2026	80.7%	82.4%	—
Gold production	Q3 FY2026	234.0K	287.0K	−18.47%
Gold sales	Q3 FY2026	105.0K	336.0K	−68.75%
Incremental copper production from leaching innovation initiatives	Q3 FY2026	55.0M	56.0M	−1.79%
Leach ore placed in stockpiles	Q3 FY2026	774.7K	609.2K	+27.17%
Milling rates	Q2 FY2026	140.0K	182.5K	−23.29%
Molybdenum	Q3 FY2026	0.02%	0.02%	—
Molybdenum production	Q3 FY2026	22.0M	22.0M	0.00%
Molybdenum sales, excluding purchases	Q3 FY2026	22.0M	19.0M	+15.79%
Ore milled	Q3 FY2026	324.6K	332.7K	−2.43%
Sales, excluding purchases	Q3 FY2026	749.0M	977.0M	−23.34%
Site production and delivery costs per pound	Q3 FY2026	$3.24	$2.71	+19.56%
Unit net cash costs per pound	Q3 FY2026	$2.07	$1.40	+47.86%

	Q3 FY2026	Q2 FY2026	Q1 FY2026	Q4 FY2025	Q3 FY2025	Q2 FY2025	Q1 FY2025	Q4 FY2024	Q3 FY2024	Q2 FY2024
Average copper ore grade	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Average realized price per ounce	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Average realized price per pound	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Average realized price per pound	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Copper	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Copper production	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Copper production	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Copper recovery rate	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Gold production	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Gold sales	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Incremental copper production from leaching innovation initiatives	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Leach ore placed in stockpiles	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Milling rates	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Molybdenum	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Molybdenum production	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Molybdenum sales, excluding purchases	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Ore milled	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Sales, excluding purchases	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Site production and delivery costs per pound	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Unit net cash costs per pound	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡

As each company reports them in its 10-K and 10-Q filings, in US dollars. Where a later filing recast a year's segments, the year is shown as recast; a period whose breakdown does not add up to the company's revenue is left out.

Freeport-McMoRan Inc. (FCX) revenue by segment, product and region

Where the money comes from and where it goes

Revenue by product or service $m

Revenue by segment $m

Operating income by segment $m, and margin

Revenue by region $m

Operating income by segment $m, and margin

Operating figures as reported in each quarter’s results release or filing

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