Freeport-McMoRan Inc. (FCX) Income Statement
FCX 2025 at a glance
Fiscal year ended December 31, 2025 · U.S. dollarsFCX revenue and net income
Where FCX's revenue goes
2025Each bar shows an amount and its share of revenue. FCX kept 8.6% of revenue as net income.
FCX profit margins
FCX growth rates
to 2025| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Revenue | +1.1% | +3.3% | +13.2% | +5.6% |
| Gross profit | −7.4% | −5.0% | +23.6% | +27.8% |
| Operating income | −8.4% | −5.9% | +27.1% | — |
| Net income | +17.0% | −14.0% | +29.9% | — |
| EPS (diluted) | +19.0% | −10.4% | +26.0% | — |
1-year change and average annual growth (CAGR) over 3, 5 and 10 fiscal years. "—" when a starting value was zero or negative.
FCX quarterly EPS vs estimates
Freeport-McMoRan beat the analyst EPS estimate in 8 of the last 8 quarters. Next report: October 27, 2026 (estimate $0.75).
FCX income statement
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $25.74B | $25.45B | $22.71B | $23.33B | $22.36B | $13.87B | $14.36B | $18.97B | $15.86B | $14.60B |
| Cost of revenue | $18.80B | $17.95B | $15.83B | $15.24B | $14.07B | $11.47B | $13.17B | $13.23B | $11.76B | $13.32B |
| Gross profit | $6.95B | $7.50B | $6.88B | $8.09B | $8.29B | $2.41B | $1.19B | $5.74B | $4.10B | $1.28B |
| Research & development | — | — | — | — | — | — | — | $0 | $94.0M | $64.0M |
| Sales, general & admin | $545.0M | $513.0M | $479.0M | $420.0M | $383.0M | $370.0M | $414.0M | $443.0M | $484.0M | $607.0M |
| Total operating expenses | $655.0M | $640.0M | $798.0M | $541.0M | $474.0M | $513.0M | $519.0M | $532.0M | $716.0M | $542.0M |
| Operating income | $6.29B | $6.86B | $6.08B | $7.55B | $7.81B | $1.89B | $669.0M | $5.21B | $3.38B | $740.0M |
| Interest income | $369.0M | $302.0M | $495.0M | $415.0M | $602.0M | $598.0M | $620.0M | $945.0M | $801.0M | $755.0M |
| Interest expense | $369.0M | $319.0M | $515.0M | $560.0M | $602.0M | $598.0M | $532.0M | $575.0M | $656.0M | $755.0M |
| Income before taxes | $6.37B | $6.92B | $6.02B | $6.75B | $7.66B | $1.81B | $318.0M | $3.90B | $2.91B | −$3.46B |
| Income taxes | $2.22B | $2.52B | $2.27B | $2.27B | $2.30B | $944.0M | $510.0M | $991.0M | $883.0M | $371.0M |
| Net income | $2.20B | $1.88B | $1.84B | $3.46B | $4.30B | $596.0M | −$245.0M | $2.61B | $1.76B | −$3.96B |
| EBITDA | $8.76B | $9.47B | $8.59B | $9.29B | $10.26B | $3.92B | $2.25B | $6.22B | $5.27B | −$107.0M |
| EPS (diluted) | $1.75 | $1.47 | $1.53 | $2.43 | $3.13 | $0.55 | $0.02 | $1.50 | $1.17 | $0.20 |
| Gross margin | 27.0% | 29.5% | 30.3% | 34.7% | 37.1% | 17.3% | 8.3% | 30.3% | 25.8% | 8.8% |
| Operating margin | 24.4% | 27.0% | 26.8% | 32.4% | 34.9% | 13.6% | 4.7% | 27.5% | 21.3% | 5.1% |
| Net margin | 8.6% | 7.4% | 8.1% | 14.8% | 19.2% | 4.3% | −1.7% | 13.8% | 11.1% | −27.1% |
| Jun '26 | Mar '26 | Dec '25 | Sep '25 | Jun '25 | Mar '25 | Dec '24 | Sep '24 | Jun '24 | Mar '24 | Dec '23 | Sep '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $7.03B | $6.23B | $5.63B | $6.97B | $7.58B | $5.55B | $5.88B | $6.68B | $6.37B | $6.21B | $5.80B | $5.87B |
| Cost of revenue | $4.84B | $4.58B | $4.62B | $4.88B | $5.00B | $4.30B | $4.38B | $4.70B | $4.41B | $4.47B | $3.98B | $4.12B |
| Gross profit | $2.19B | $1.66B | $1.02B | $2.09B | $2.59B | $1.25B | $1.50B | $1.98B | $1.96B | $1.74B | $1.82B | $1.75B |
| Research & development | $53.0M | $38.0M | — | — | — | — | — | — | — | — | — | — |
| Sales, general & admin | $135.0M | $162.0M | $133.0M | $131.0M | $127.0M | $154.0M | $129.0M | $117.0M | $123.0M | $144.0M | $120.0M | $118.0M |
| Total operating expenses | $183.0M | −$482.0M | $206.0M | $131.0M | $154.0M | $164.0M | $141.0M | $137.0M | $151.0M | $211.0M | $200.0M | $216.0M |
| Operating income | $2.00B | $2.14B | $811.0M | $1.96B | $2.43B | $1.09B | $1.36B | $1.85B | $1.81B | $1.53B | $1.62B | $1.54B |
| Interest income | — | — | $110.0M | $107.0M | $82.0M | $70.0M | $53.0M | $72.0M | — | — | — | $96.0M |
| Interest expense | $95.0M | $114.0M | $110.0M | $107.0M | $82.0M | $70.0M | $70.0M | $72.0M | $88.0M | $89.0M | $97.0M | $96.0M |
| Income before taxes | $1.93B | $2.03B | $766.0M | $1.92B | $2.40B | $1.29B | $1.24B | $1.97B | $2.03B | $1.67B | $1.73B | $1.47B |
| Income taxes | $544.0M | $653.0M | $202.0M | $669.0M | $850.0M | $500.0M | $520.0M | $737.0M | $754.0M | $512.0M | $724.0M | $508.0M |
| Net income | $984.0M | $881.0M | $406.0M | $674.0M | $772.0M | $346.0M | $274.0M | $520.0M | $610.0M | $468.0M | $387.0M | $449.0M |
| EBITDA | $2.55B | $2.66B | $1.14B | $2.65B | $3.14B | $1.83B | $1.85B | $2.63B | $2.63B | $2.36B | $2.41B | $2.10B |
| EPS (diluted) | $0.74 | $0.57 | $0.47 | $0.50 | $0.54 | $0.24 | $0.31 | $0.38 | $0.46 | $0.32 | $0.27 | $0.39 |
| Gross margin | 31.1% | 26.5% | 18.1% | 29.9% | 34.1% | 22.6% | 25.5% | 29.7% | 30.8% | 28.1% | 31.4% | 29.9% |
| Operating margin | 28.5% | 34.3% | 14.4% | 28.1% | 32.1% | 19.6% | 23.1% | 27.6% | 28.4% | 24.7% | 27.9% | 26.2% |
| Net margin | 14.0% | 14.1% | 7.2% | 9.7% | 10.2% | 6.2% | 4.7% | 7.8% | 9.6% | 7.5% | 6.7% | 7.7% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported in FCX's financial statements (latest annual report filed February 13, 2026); data from EODHD. Sales, general & administrative expenses include sales and marketing.
FCX financial results
In fiscal year 2025 (ended December 31, 2025), Freeport-McMoRan reported revenue of $25.7 billion, up 1.1% from the year before. It had net income of $2.2 billion (up 17.0%), a net profit margin of 8.6%. Diluted earnings per share came to $1.75. Over five years revenue grew at an average rate of 13.2% a year.
See the FCX stock overview for the latest quote and news, or the FCX chart for price history and technical indicators.
FCX income statement FAQ
What is Freeport-McMoRan's annual revenue?
Freeport-McMoRan reported total revenue of $25.7 billion for fiscal year 2025, which ended on December 31, 2025. That was up 1.1% from $25.5 billion the previous year.
Is Freeport-McMoRan profitable?
Yes. Freeport-McMoRan reported net income of $2.2 billion in fiscal 2025, a net profit margin of 8.6%; its operating margin was 24.4%.
What is Freeport-McMoRan's gross margin?
Freeport-McMoRan's gross margin was 27.0% in fiscal 2025: for every $100 of revenue, Freeport-McMoRan kept $27 after the direct cost of its products and services.
How fast is Freeport-McMoRan growing?
Revenue grew 13.2% a year on average over the last five fiscal years, from $13.9 billion to $25.7 billion.
What are Freeport-McMoRan's earnings per share?
Freeport-McMoRan earned $1.75 per diluted share in fiscal 2025, compared with $1.47 a year earlier.
When will Freeport-McMoRan report its next earnings?
Freeport-McMoRan is expected to report results for the quarter ending September 30, 2026 on October 27, 2026 before the market opens.
When does Freeport-McMoRan's fiscal year end?
Freeport-McMoRan's fiscal year ends in December. The latest annual report covers the year ended December 31, 2025 and was filed on February 13, 2026.