Saturday 17 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.

69.32 0.74 −1.06%

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Market cap: $100.7B
P/E: 34.1×
Fwd P/E: 26.2×
Dividend yield: 0.43%
F-score: 6/9
Altman Z: 2.61
Beneish M: −2.09
Dividend safety: 28/100

Overview Business Profile Financial Analysis Income Statement Balance Sheet Cash Flow Metrics & Ratios Filings 10-Q 10-K

Insider Decisions trades per month

Total sells 46.05

Totals in millions of $.

	Dec 25			Mar 26			Jun 26			Sep 26
Buy	—	—	—	—	—	—	—	—	—	—	—	—
Sell	—	2	—	5	—	—	—	—	1	4	—	—

Insider Ownership 0.56%

Capital & Financial Ratios $m

Market Cap 100,720.00

Revenue 25,868.00

Net Income 4,590.00

Free Cash Flow 1,762.00

Net Debt 5,028.00

Current Ratio 2.07

Debt/Equity 0.29

P/E ratio 34.15

Fwd P/E 26.20

P/S ratio 3.85

P/B ratio 3.09

Past 5Y EPS Growth 29.96%

This Y EPS Growth 79.91%

Next Y EPS Growth 36.90%

Next Y revenue growth 15.95%

Next 5Y EPS Growth 40.49%

Green and red mark values outside typical ranges. How we judge →

Valuation vs history

EV/Sales, ten years

P/E against its own 10 years 79.21%

10-year low 10-year high

P/S against its own 10 years 98.12%

10-year low 10-year high

P/B against its own 10 years 96.65%

10-year low 10-year high

EV/Sales against its own 10 years 97.42%

10-year low 10-year high

EV/FCF against its own 10 years 77.57%

10-year low 10-year high

Dividends

Payout Ratio 0.15

Annual Dividend Rate 0.30

Annual Dividend Yield 0.43%

	total	individual payouts
2028	Powerpack
2027	Powerpack
2026	0.60	0.08 0.08 0.08 0.08
2025	0.60	0.08 0.08 0.08 0.08
2024	0.15	0.08 0.08 0.08 0.08
2023	0.23	0.08 0.08 0.08 0.08
2022	0.08	0.08 0.08 0.08 0.08
2021	0.23	0.08 0.08 0.08
2020	0.05	0.05
2019	0.20	0.05 0.05 0.05 0.05
2018	0.15	0.05 0.05 0.05
2017	Powerpack

predictions special payouts not included in total or ratios

Assets vs Liabilities $m

	2023	2024	2025	Q'26
Cash	5,966	4,811	4,054	4,358
Receivables	1,664	1,142	1,663	1,370
Inventory	6,060	6,808	7,493	7,864
Other	375	535	580	573
	14,065	13,296	13,790	14,165

	2023	2024	2025	Q'26
Payables	3,729	4,057	4,565	4,582
ST’ Debt	766	41	466	1,220
Other	316	320	313	327
	5,815	5,496	6,019	6,856

Compound Annual Growth %

	10y	5y	3y
Sales	5.90%	12.79%	4.39%
Cash Flow	5.71%	13.21%	2.97%
Earnings	0.00%	29.76%	(14.02%)
Book Value	9.83%	10.51%	7.35%

Revenue $m

	Mar	Jun	Sep	Dec	Year
’26	6,234	7,029	—	—	—
’25	5,728	7,582	6,972	5,633	25,915
’24	6,321	6,624	6,790	5,720	25,455
’23	5,389	5,737	5,824	5,905	22,855
’22	6,603	5,416	5,003	5,758	22,780
’21	4,850	5,748	6,083	6,164	22,845
’20	2,798	3,054	3,851	4,495	14,198

Fiscal quarters ending in the months shown.

Operating Cash Flow $m

	Mar	Jun	Sep	Dec	Year
’26	1,495	2,048	—	—	—
’25	1,058	2,195	1,664	693	5,610
’24	1,896	1,956	1,872	1,436	7,160
’23	1,050	1,673	1,236	1,320	5,279
’22	1,691	1,621	758	1,069	5,139
’21	1,075	2,395	1,965	2,280	7,715
’20	(38)	491	1,237	1,327	3,017

Fiscal quarters ending in the months shown.

Free Cash Flow $m

	Mar	Jun	Sep	Dec	Year
’26	522	944	—	—	—
’25	(114)	934	655	(359)	1,116
’24	642	853	670	187	2,352
’23	(46)	465	65	(29)	455
’22	968	854	(72)	28	1,778
’21	710	1,973	1,408	1,756	5,847
’20	(582)	14	685	1,643	1,760

Fiscal quarters ending in the months shown.

EPS $

	Mar	Jun	Sep	Dec	Year
’26	0.61	0.68	—	—	—
’25	0.24	0.53	0.46	0.28	1.52
’24	0.32	0.42	0.36	0.19	1.30
’23	0.46	0.23	0.31	0.27	1.28
’22	1.04	0.57	0.28	0.48	2.39
’21	0.48	0.73	0.94	0.74	2.90
’20	(0.34)	0.03	0.22	0.48	0.41

Fiscal quarters ending in the months shown.

Group	Line	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025	2026e
Price, $
Price, $	Low	3.52	11.05	9.60	8.43	4.82	24.71	24.80	32.83	36.26	27.66	Analyst estimates 2026–2028 Powerpack
	High	16.42	19.45	20.25	14.68	26.83	46.10	51.99	46.73	55.24	53.77
People
People	Employees	30,000	25,200	26,800	27,500	24,500	24,700	25,600	27,200	28,500	29,000
	Revenue/emp, $m	0.49	0.65	0.70	0.52	0.58	0.92	0.89	0.84	0.89	0.89
Income, $m
Income, $m	Revenue	14,830	16,403	18,628	14,402	14,198	22,845	22,780	22,855	25,455	25,915
	Gross margin, %	(18.23)	26.96	27.71	8.87	17.91	38.59	33.76	31.33	30.09	28.16
	EBT	(3,472)	2,902	3,892	306	1,797	7,659	6,715	6,006	6,907	6,372
	EBT margin, %	(23.41)	17.69	20.89	2.12	12.66	33.53	29.48	26.28	27.13	24.59
	Net income	(4,025)	2,095	2,894	(189)	865	5,365	4,479	3,751	4,399	4,152
	Depreciation	2,610	1,714	1,754	1,412	1,528	1,998	2,019	2,068	2,241	2,244
Per share, $
Per share, $	Revenue	11.25	11.34	12.86	9.93	9.77	15.58	15.81	15.94	17.70	18.03
	Earnings	(3.16)	1.26	1.56	(0.17)	0.41	2.90	2.39	1.28	1.30	1.52
	Cash flow	2.84	3.22	2.67	1.02	2.08	5.26	3.57	3.68	4.98	3.90
	Capex	(2.13)	(0.97)	(1.04)	(1.44)	(0.87)	(1.27)	(2.33)	(3.36)	(3.34)	(3.13)
	Free cash flow	0.70	2.25	1.62	(0.42)	1.21	3.99	1.23	0.32	1.64	0.78
	Book value	7.02	7.81	12.35	12.02	12.85	15.70	17.26	19.04	20.01	21.41
	Shares, m	1,318	1,447	1,449	1,451	1,453	1,466	1,441	1,434	1,438	1,437
Valuation, ×
Valuation, ×	P/E	0.00	15.94	6.69	0.00	66.72	14.44	16.00	33.14	29.52	33.64
	P/S	1.22	1.74	0.80	1.32	2.66	2.68	2.40	2.64	2.15	2.82
	P/B	1.96	2.53	0.84	1.09	2.03	2.66	2.20	2.21	1.90	2.37
	EV/Sales	2.02	2.27	1.17	1.86	3.09	2.74	2.50	2.79	2.31	3.02
	EV/FCF	32.41	11.46	9.70	(38.08)	26.36	10.88	33.89	177.75	26.11	76.77
Cash, $m
Cash, $m	Operating cash flow	3,737	4,666	3,863	1,482	3,017	7,715	5,139	5,279	7,160	5,610
	Capex	(2,813)	(1,410)	(1,514)	(2,091)	(1,257)	(1,868)	(3,361)	(4,824)	(4,808)	(4,494)
	Free cash flow	924	3,256	2,349	(609)	1,760	5,847	1,778	455	2,352	1,116
Balance, $m
Balance, $m	Working capital	6,170	5,712	7,135	4,706	5,886	8,938	9,268	8,250	7,800	7,771
	Total debt	16,027	13,229	11,141	9,826	9,711	9,450	10,620	9,422	8,948	9,379
	Net debt	11,782	8,703	6,924	7,806	6,054	1,382	2,363	3,456	4,137	5,325
	Shareholders’ equity	9,257	11,296	17,892	17,448	18,668	23,019	24,871	27,310	28,778	30,766
Returns, %
Returns, %	ROA	(9.90)	4.87	6.54	(0.58)	1.44	9.55	7.00	3.57	3.52	3.90
	ROIC	(8.11)	11.53	11.97	2.70	6.16	21.43	16.15	12.65	13.03	11.29
	ROE	(39.00)	17.68	17.83	(1.35)	3.32	20.66	14.48	7.08	6.74	7.40

Negative figures in brackets.

All 10 years →

Fiscal years to Dec 2025 · latest quarter Jun 2026

Charts ten years each

Company	Market cap	P/E	Fwd P/E	Revenue growth (Q)	EPS growth (Q)	FCF growth (Q)	Gross margin (Q)	EBIT margin (Q)	Compare
SCCO Southern Copper Corporation	$170.3B	29.3×	23.5×	+40.58% (above 0%: growing)	+64.75% (above 0%: growing)	+111.27% (above 0%: growing)	67.60%	61.16%	Compare
FCX Freeport-McMoRan Inc.	$100.7B	34.1×	26.2×	−7.29% (below 0%: shrinking)	+28.30% (above 0%: growing)	+1.07% (above 0%: growing)	31.10%	28.50%
HBM HudBay Minerals Inc	$10.8B	13.9×	14.4×	+17.69% (above 0%: growing)	+13.33% (above 0%: growing)	+4.51% (above 0%: growing)	42.61%	34.80%	Compare
ERO Ero Copper Corp.	$3.6B	12.2×	5.9×	+110.39% (above 0%: growing)	+35.06% (above 0%: growing)	+441.33% (above 0%: growing)	40.25%	35.04%	Compare
IE Ivanhoe Electric Inc.	$1.4B	— (loss-making)	— (loss-making)	−32.21% (below 0%: shrinking)	n/m	−88.00% (below 0%: shrinking)	50.83%	(2,966.85%)	Compare
Median of peers	$7.2B	13.9×	14.4×	+29.14%	+35.06%	+57.89%	46.72%	34.92%

All 5 Copper stocks →

Freeport-McMoRan Inc. (FCX) key facts

Strength: Freeport-McMoRan Inc.’s revenue for fiscal 2025 (year ended December 2025) was $25.9 billion, up 1.81% from fiscal 2024.
Freeport-McMoRan Inc. (FCX) is a Copper company in the Basic Materials sector, listed on the New York Stock Exchange.
As of October 16, 2026, FCX traded at $69.32, a market capitalization of $100.7 billion.
Freeport-McMoRan Inc. pays an annual dividend of $0.30 per share, a yield of 0.43%, with a payout ratio of 14.8%.
Return on equity was 7.40% and debt-to-equity 0.29.
Its Piotroski F-score is 6 out of 9 and its Altman Z-score is 2.61 (grey zone) for fiscal 2025.

Source: company filings (standardised) and stockrow calculations.

Financial Analysis (summary)

Updated 29 September 2026

Freeport-McMoRan reported revenue of $25.9 billion and net income of $4.2 billion in FY2025. In Q2 FY2026, revenue was $7.0 billion, net income was $1.4 billion and diluted EPS was $0.68. Trailing-twelve-month revenue to Q2 FY2026 was $25.9 billion, while trailing-twelve-month net income was $4.6 billion.

Profitability margins declined in FY2025 from FY2024, while free cash flow was $1.1 billion in FY2025. Net debt was $5.0 billion in Q2 FY2026, and the current ratio was 2.1× in Q2 FY2026. Market capitalisation was $103.6 billion as of September 28, 2026.

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