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Freeport-Mcmoran Inc Financials

FCX
Source SEC Filings (10-K/10-Q) Updated Dec 31, 2025 Currency USD FYE December

This page shows Freeport-Mcmoran Inc (FCX) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 19 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).

Financial Health Signals

Profitability Growth Leverage Liquidity Cash Flow Returns 57 / 100
Financial Profile 57/100

Based on FY2025 annual data. Scores normalized against common benchmarks. How we calculate these scores

Profitability
78

Freeport-Mcmoran Inc has an operating margin of 25.1%, meaning the company retains $25 of operating profit per $100 of revenue. This strong profitability earns a score of 78/100, reflecting efficient cost management and pricing power. This is down from 27.0% the prior year.

Growth
36

Freeport-Mcmoran Inc's revenue grew a modest 1.8% year-over-year to $25.9B. This slow but positive growth earns a score of 36/100.

Leverage
92

Freeport-Mcmoran Inc carries a low D/E ratio of 0.47, meaning only $0.47 of long-term debt for every $1 of shareholders' equity. This conservative leverage earns a score of 92/100, indicating a strong balance sheet with room for future borrowing.

Liquidity
42

Freeport-Mcmoran Inc's current ratio of 2.29 indicates adequate short-term liquidity, earning a score of 42/100. The company can meet its near-term obligations, though with limited headroom.

Cash Flow
36

Freeport-Mcmoran Inc has a free cash flow margin of 4.3%, earning a moderate score of 36/100. The company generates positive cash flow after capital investments, but with room for improvement.

Returns
60

Freeport-Mcmoran Inc's ROE of 22.0% shows moderate profitability relative to equity, earning a score of 60/100. This is down from 25.0% the prior year.

Altman Z-Score Grey Zone
2.36

Freeport-Mcmoran Inc scores 2.36, placing it in the grey zone between 1.81 and 2.99. The score is driven primarily by a large market capitalization ($88.2B) relative to total liabilities ($39.3B). This signals moderate financial risk that warrants monitoring.

Piotroski F-Score Neutral
4/9

Freeport-Mcmoran Inc passes 4 of 9 financial strength tests. 3 of 4 profitability signals pass, 1 of 3 leverage/liquidity signals pass, neither operating efficiency signal passes.

Earnings Quality Cash-Backed
1.35x

For every $1 of reported earnings, Freeport-Mcmoran Inc generates $1.35 in operating cash flow ($5.6B OCF vs $4.2B net income). This indicates profits are well-supported by actual cash generation, not accounting adjustments.

Interest Coverage Safe
17.7x

Freeport-Mcmoran Inc earns $17.7 in operating income for every $1 of interest expense ($6.5B vs $369.0M). This wide margin provides strong safety for debt servicing, even if earnings decline temporarily.

Key Financial Metrics

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Earnings & Revenue

Revenue
$25.9B
YoY+1.8%
5Y CAGR+12.8%
10Y CAGR+5.9%

Freeport-Mcmoran Inc generated $25.9B in revenue in fiscal year 2025. This represents an increase of 1.8% from the prior year.

EBITDA
$8.8B
YoY-3.8%
5Y CAGR+17.2%

Freeport-Mcmoran Inc's EBITDA was $8.8B in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization. This represents a decrease of 3.8% from the prior year.

Net Income
$4.2B
YoY-5.6%
5Y CAGR+36.9%

Freeport-Mcmoran Inc reported $4.2B in net income in fiscal year 2025. This represents a decrease of 5.6% from the prior year.

EPS (Diluted)
$1.52
YoY+16.9%
5Y CAGR+30.0%

Freeport-Mcmoran Inc earned $1.52 per diluted share (EPS) in fiscal year 2025. This represents an increase of 16.9% from the prior year.

Cash & Balance Sheet

Free Cash Flow
$1.1B
YoY-52.6%
5Y CAGR+1.1%

Freeport-Mcmoran Inc generated $1.1B in free cash flow in fiscal year 2025, representing cash available after capex. This represents a decrease of 52.6% from the prior year.

Cash & Debt
$3.8B
YoY-2.5%
5Y CAGR+0.9%
10Y CAGR+36.0%

Freeport-Mcmoran Inc held $3.8B in cash against $8.9B in long-term debt as of fiscal year 2025.

Dividends Per Share
$0.60
YoY+0.0%
10Y CAGR+8.7%

Freeport-Mcmoran Inc paid $0.60 per share in dividends in fiscal year 2025. This represents an increase of 0.0% from the prior year.

Shares Outstanding
1.44B
YoY+0.0%
5Y CAGR-0.3%

Freeport-Mcmoran Inc had 1.44B shares outstanding in fiscal year 2025. This represents an increase of 0.0% from the prior year.

Margins & Returns

Gross Margin
N/A
Operating Margin
25.1%
YoY-1.8pp
5Y CAGR+8.0pp
10Y CAGR+117.7pp

Freeport-Mcmoran Inc's operating margin was 25.1% in fiscal year 2025, reflecting core business profitability. This is down 1.8 percentage points from the prior year.

Net Margin
16.0%
YoY-1.3pp
5Y CAGR+9.9pp
10Y CAGR+98.8pp

Freeport-Mcmoran Inc's net profit margin was 16.0% in fiscal year 2025, showing the share of revenue converted to profit. This is down 1.3 percentage points from the prior year.

Return on Equity
22.0%
YoY-3.0pp
5Y CAGR+13.5pp
10Y CAGR+176.4pp

Freeport-Mcmoran Inc's ROE was 22.0% in fiscal year 2025, measuring profit generated per dollar of shareholder equity. This is down 3.0 percentage points from the prior year.

Capital Allocation

R&D Spending
N/A
Share Buybacks
$107.0M
YoY+81.4%

Freeport-Mcmoran Inc spent $107.0M on share buybacks in fiscal year 2025, returning capital to shareholders by reducing shares outstanding. This represents an increase of 81.4% from the prior year.

Capital Expenditures
$4.5B
YoY-6.5%
5Y CAGR+18.0%
10Y CAGR-3.4%

Freeport-Mcmoran Inc invested $4.5B in capex in fiscal year 2025, funding long-term assets and infrastructure. This represents a decrease of 6.5% from the prior year.

FCX Income Statement

Metric Q4'25 Q3'25 Q2'25 Q1'25 Q4'24 Q3'24 Q2'24 Q1'24
Revenue $5.6B-19.2% $7.0B-8.0% $7.6B+32.4% $5.7B+0.1% $5.7B-15.8% $6.8B+2.5% $6.6B+4.8% $6.3B
Cost of Revenue $4.6B-4.4% $4.8B-2.4% $5.0B+17.2% $4.2B-1.7% $4.3B-8.2% $4.7B+6.7% $4.4B-1.2% $4.4B
Gross Profit N/A N/A N/A N/A N/A N/A N/A N/A
R&D Expenses N/A N/A N/A N/A N/A N/A N/A N/A
SG&A Expenses $133.0M+1.5% $131.0M+3.1% $127.0M-17.5% $154.0M+19.4% $129.0M+10.3% $117.0M-4.9% $123.0M-14.6% $144.0M
Operating Income $811.0M-58.9% $2.0B-18.9% $2.4B+86.6% $1.3B+4.8% $1.2B-35.9% $1.9B-5.4% $2.0B+25.4% $1.6B
Interest Expense -$110.0M-2.8% -$107.0M-30.5% -$82.0M-17.1% -$70.0M0.0% -$70.0M+2.8% -$72.0M+18.2% -$88.0M+1.1% -$89.0M
Income Tax $202.0M-69.8% $669.0M-21.3% $850.0M+70.0% $500.0M-3.8% $520.0M-29.4% $737.0M-2.3% $754.0M+47.3% $512.0M
Net Income $565.0M-54.7% $1.2B-19.4% $1.5B+95.1% $793.0M+10.0% $721.0M-41.7% $1.2B-3.4% $1.3B+10.2% $1.2B
EPS (Diluted) N/A $0.46-13.2% $0.53+120.8% $0.24 N/A $0.36-14.3% $0.42+31.2% $0.32

FCX Balance Sheet

Metric Q4'25 Q3'25 Q2'25 Q1'25 Q4'24 Q3'24 Q2'24 Q1'24
Total Assets $58.2B+2.4% $56.8B+0.6% $56.5B+0.8% $56.0B+2.1% $54.8B-1.0% $55.4B+1.4% $54.6B+0.8% $54.2B
Current Assets $13.8B+1.7% $13.6B-0.5% $13.6B-1.2% $13.8B+3.8% $13.3B-8.6% $14.5B-1.2% $14.7B-0.8% $14.8B
Cash & Equivalents $3.8B-11.4% $4.3B-3.8% $4.5B+2.4% $4.4B+11.8% $3.9B-21.5% $5.0B-5.2% $5.3B+1.2% $5.2B
Inventory N/A N/A N/A N/A N/A N/A N/A $1.7B
Accounts Receivable $977.0M+6.7% $916.0M-2.7% $941.0M+26.6% $743.0M+28.5% $578.0M-41.0% $979.0M-13.2% $1.1B-24.5% $1.5B
Goodwill N/A N/A N/A N/A N/A N/A N/A N/A
Total Liabilities $39.3B+2.9% $38.1B-0.4% $38.3B-0.1% $38.3B+2.9% $37.3B-1.5% $37.9B+1.7% $37.2B0.0% $37.2B
Current Liabilities $6.0B+8.9% $5.5B-0.1% $5.5B-6.9% $5.9B+8.1% $5.5B-12.0% $6.2B+1.8% $6.1B-2.7% $6.3B
Long-Term Debt $8.9B0.0% $8.9B0.0% $8.9B0.0% $8.9B0.0% $8.9B0.0% $8.9B+2.9% $8.7B0.0% $8.7B
Total Equity $18.9B+1.1% $18.7B+2.6% $18.2B+2.9% $17.7B+0.6% $17.6B+0.2% $17.5B+0.8% $17.4B+2.5% $17.0B
Retained Earnings $1.4B+15.8% $1.2B+62.1% $738.0M+305.5% $182.0M+207.1% -$170.0M+61.7% -$444.0M+54.2% -$970.0M+38.8% -$1.6B

FCX Cash Flow Statement

Metric Q4'25 Q3'25 Q2'25 Q1'25 Q4'24 Q3'24 Q2'24 Q1'24
Operating Cash Flow $693.0M-58.4% $1.7B-24.2% $2.2B+107.5% $1.1B-26.3% $1.4B-23.3% $1.9B-4.3% $2.0B+3.2% $1.9B
Capital Expenditures $1.0B-4.8% $1.1B-16.3% $1.3B+7.6% $1.2B-5.4% $1.2B+3.3% $1.2B+7.4% $1.1B-11.0% $1.3B
Free Cash Flow -$312.0M-151.3% $608.0M-34.9% $934.0M+919.3% -$114.0M-157.9% $197.0M-70.7% $673.0M-19.9% $840.0M+30.8% $642.0M
Investing Cash Flow -$1.0B-2.0% -$1.0B+19.6% -$1.3B-6.8% -$1.2B+4.5% -$1.2B+12.8% -$1.4B-27.4% -$1.1B+13.2% -$1.3B
Financing Cash Flow -$143.0M+82.7% -$825.0M+22.4% -$1.1B-785.8% $155.0M+110.3% -$1.5B-133.7% -$646.0M+17.8% -$786.0M-129.8% -$342.0M
Dividends Paid $216.0M0.0% $216.0M+0.5% $215.0M-1.4% $218.0M+0.9% $216.0M-73.0% $800.0M+272.1% $215.0M-1.4% $218.0M
Share Buybacks $0 $0-100.0% $52.0M-5.5% $55.0M $0-100.0% $59.0M $0 $0

FCX Financial Ratios

Metric Q4'25 Q3'25 Q2'25 Q1'25 Q4'24 Q3'24 Q2'24 Q1'24
Gross Margin N/A N/A N/A N/A N/A N/A N/A N/A
Operating Margin 14.4%-13.9pp 28.3%-3.8pp 32.1%+9.3pp 22.8%+1.0pp 21.7%-6.8pp 28.5%-2.4pp 30.9%+5.1pp 25.9%
Net Margin 10.0%-7.9pp 17.9%-2.5pp 20.4%+6.6pp 13.8%+1.2pp 12.6%-5.6pp 18.2%-1.1pp 19.3%+0.9pp 18.4%
Return on Equity 3.0%-3.7pp 6.7%-1.8pp 8.5%+4.0pp 4.5%+0.4pp 4.1%-2.9pp 7.0%-0.3pp 7.3%+0.5pp 6.9%
Return on Assets 1.0%-1.2pp 2.2%-0.6pp 2.7%+1.3pp 1.4%+0.1pp 1.3%-0.9pp 2.2%-0.1pp 2.3%+0.2pp 2.1%
Current Ratio 2.29-0.2 2.45-0.0 2.47+0.1 2.32-0.1 2.42+0.1 2.33-0.1 2.40+0.0 2.35
Debt-to-Equity 0.470.0 0.48-0.0 0.49-0.0 0.500.0 0.510.0 0.51+0.0 0.50-0.0 0.51
FCF Margin -5.5%-14.3pp 8.7%-3.6pp 12.3%+14.3pp -2.0%-5.4pp 3.4%-6.5pp 9.9%-2.8pp 12.7%+2.5pp 10.2%

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Frequently Asked Questions

Freeport-Mcmoran Inc (FCX) reported $25.9B in total revenue for fiscal year 2025. This represents a 1.8% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.

Freeport-Mcmoran Inc (FCX) revenue grew by 1.8% year-over-year, from $25.5B to $25.9B in fiscal year 2025.

Yes, Freeport-Mcmoran Inc (FCX) reported a net income of $4.2B in fiscal year 2025, with a net profit margin of 16.0%.

Freeport-Mcmoran Inc (FCX) reported diluted earnings per share of $1.52 for fiscal year 2025. This represents a 16.9% change compared to the previous fiscal year. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.

Freeport-Mcmoran Inc (FCX) had EBITDA of $8.8B in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.

As of fiscal year 2025, Freeport-Mcmoran Inc (FCX) had $3.8B in cash and equivalents against $8.9B in long-term debt.

Freeport-Mcmoran Inc (FCX) had an operating margin of 25.1% in fiscal year 2025, reflecting the profitability of core business operations before interest and taxes.

Freeport-Mcmoran Inc (FCX) had a net profit margin of 16.0% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.

Yes, Freeport-Mcmoran Inc (FCX) paid $0.60 per share in dividends during fiscal year 2025.

Freeport-Mcmoran Inc (FCX) has a return on equity of 22.0% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.

Freeport-Mcmoran Inc (FCX) generated $1.1B in free cash flow during fiscal year 2025. This represents a -52.6% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.

Freeport-Mcmoran Inc (FCX) generated $5.6B in operating cash flow during fiscal year 2025, representing cash generated from core business activities.

Freeport-Mcmoran Inc (FCX) had $58.2B in total assets as of fiscal year 2025, including both current and long-term assets.

Freeport-Mcmoran Inc (FCX) invested $4.5B in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.

Yes, Freeport-Mcmoran Inc (FCX) spent $107.0M on share buybacks during fiscal year 2025, returning capital to shareholders by reducing shares outstanding.

Freeport-Mcmoran Inc (FCX) had 1.44B shares outstanding as of fiscal year 2025.

Freeport-Mcmoran Inc (FCX) had a current ratio of 2.29 as of fiscal year 2025, which is generally considered healthy.

Freeport-Mcmoran Inc (FCX) had a debt-to-equity ratio of 0.47 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.

Freeport-Mcmoran Inc (FCX) had a return on assets of 7.1% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.

Freeport-Mcmoran Inc (FCX) has an Altman Z-Score of 2.36, placing it in the Grey Zone (moderate risk). The Z-Score combines five financial ratios—working capital, retained earnings, EBIT, market capitalization, and revenue relative to total assets—to predict the likelihood of bankruptcy. Scores above 2.99 indicate financial safety while scores below 1.81 suggest financial distress. Learn more in our complete guide to financial health indicators.

Freeport-Mcmoran Inc (FCX) has a Piotroski F-Score of 4 out of 9, indicating neutral financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7–9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.

Freeport-Mcmoran Inc (FCX) has an earnings quality ratio of 1.35x, considered cash-backed (high quality). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.

Freeport-Mcmoran Inc (FCX) has an interest coverage ratio of 17.7x, meaning it can comfortably cover its interest obligations. This ratio divides operating income by interest expense. Ratios above 5x indicate strong debt-servicing ability, while ratios below 2x suggest the company may face difficulty meeting interest payments if earnings decline. Learn more in our complete guide to financial health indicators.

Freeport-Mcmoran Inc (FCX) scores 57 out of 100 on our Financial Profile, indicating moderate overall financial health. This composite score evaluates six dimensions: profitability (operating margin), revenue growth, leverage (debt-to-equity), liquidity (current ratio), cash flow quality (free cash flow margin), and shareholder returns (return on equity). Each dimension is normalized against standard financial benchmarks. Learn more in our complete guide to financial health indicators.

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