Freeport-McMoRan (FCX) Financials

$58.64 -1.86 (-3.07%)

Closing price 03:59 PM Eastern

Extended Trading

$58.84 +0.19 (+0.33%)

As of 07:58 PM Eastern

Annual Income Statements for Freeport-McMoRan

This table shows Freeport-McMoRan's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Period end date	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025
Net Income / (Loss) Attributable to Common Shareholders	-12,236	-4,154	1,817	2,602	-239	599	4,306	3,468	1,848	1,889	2,204
Consolidated Net Income / (Loss)	-12,089	-4,025	2,095	2,894	-189	865	5,365	4,479	3,751	4,399	4,152
Net Income / (Loss) Continuing Operations	-12,180	-3,832	2,029	2,909	-192	865	5,365	4,479	3,751	4,399	4,152
Total Pre-Tax Income	-14,128	-3,472	2,902	3,892	306	1,797	7,659	6,715	6,006	6,907	6,372
Total Operating Income	-13,512	-2,729	3,690	4,754	1,091	2,437	8,366	7,037	6,225	6,864	6,518
Total Gross Profit	-12,808	-2,704	4,431	5,162	1,277	2,543	8,815	7,691	7,160	7,660	7,297
Total Revenue	14,607	14,830	16,403	18,628	14,402	14,198	22,845	22,780	22,855	25,455	25,915
Operating Revenue	14,607	14,830	16,403	18,628	14,402	14,198	22,845	22,780	22,855	25,455	25,915
Total Cost of Revenue	27,415	17,534	11,972	13,466	13,125	11,655	14,030	15,089	15,695	17,795	18,618
Operating Cost of Revenue	14,271	13,217	11,972	13,466	13,125	11,655	14,030	15,089	15,695	17,795	18,618
Total Operating Expenses	704	25	733	408	186	106	449	654	935	796	779
Selling, General & Admin Expense	558	597	477	422	394	370	383	420	479	513	545
Exploration Expense	107	63	93	105	104	50	55	115	137	156	192
Other Special Charges / (Income)	39	-635	163	-119	-312	-314	11	119	319	127	42
Total Other Income / (Expense), net	-616	-743	-788	-862	-785	-640	-707	-322	-219	43	-146
Interest Expense	617	729	-21	938	647	699	602	529	505	319	369
Other Income / (Expense), net	1.00	-14	-809	76	-138	59	-105	207	286	362	223
Income Tax Expense	-1,951	371	883	991	510	944	2,299	2,267	2,270	2,523	2,221
Other Gains / (Losses), net	-3.00	11	10	8.00	12	12	5.00	31	15	15	1.00
Net Income / (Loss) Attributable to Noncontrolling Interest	106	290	278	292	50	266	1,059	1,011	1,903	2,510	1,948
Weighted Average Basic Shares Outstanding	1.08B	1.32B	1.45B	1.45B	1.45B	1.45B	1.47B	1.44B	1.43B	1.44B	1.44B
Weighted Average Diluted Shares Outstanding	1.08B	1.32B	1.45B	1.46B	1.45B	1.46B	1.48B	1.45B	1.44B	1.45B	1.44B
Weighted Average Basic & Diluted Shares Outstanding	1.08B	1.31B	1.45B	1.45B	1.45B	1.46B	1.45B	1.43B	1.43B	1.44B	1.44B
Cash Dividends to Common per Share	$0.26	$0.00	$0.00	$0.20	$0.20	$0.00	$0.38	$0.60	$0.60	$0.60	$0.60

This table shows Freeport-McMoRan's income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026
Period end date	9/30/2023	12/31/2024	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025	6/30/2025	9/30/2025	12/31/2025	3/31/2026
Net Income / (Loss) Attributable to Common Shareholders	454	429	473	616	526	274	352	772	674	406	881
Consolidated Net Income / (Loss)	964	1,655	1,162	1,280	1,236	721	793	1,547	1,247	565	1,387
Net Income / (Loss) Continuing Operations	964	1,655	1,162	1,280	1,236	721	793	1,547	1,247	565	1,387
Total Pre-Tax Income	1,472	2,629	1,674	2,030	1,963	1,240	1,291	2,391	1,924	766	2,034
Total Operating Income	1,492	2,361	1,634	2,049	1,938	1,243	1,303	2,432	1,972	811	2,137
Total Gross Profit	1,738	2,456	1,882	2,240	2,113	1,425	1,506	2,632	2,142	1,017	1,655
Total Revenue	5,824	8,505	6,321	6,624	6,790	5,720	5,728	7,582	6,972	5,633	6,234
Operating Revenue	5,824	8,505	6,321	6,624	6,790	5,720	5,728	7,582	6,972	5,633	6,234
Total Cost of Revenue	4,086	6,049	4,439	4,384	4,677	4,295	4,222	4,950	4,830	4,616	4,579
Operating Cost of Revenue	4,086	6,049	4,439	4,384	4,677	4,295	4,222	4,950	4,830	4,616	4,579
Total Operating Expenses	246	95	248	191	175	182	203	200	170	206	-482
Selling, General & Admin Expense	118	154	144	123	117	129	154	127	131	133	162
Exploration Expense	30	53	37	40	38	41	39	46	55	52	38
Other Special Charges / (Income)	98	-112	67	28	20	12	10	27	-16	21	-682
Total Other Income / (Expense), net	-20	268	40	-19	25	-3.00	-12	-41	-48	-45	-103
Interest Expense	91	-89	89	88	72	70	70	82	107	110	114
Other Income / (Expense), net	71	179	129	69	97	67	58	41	59	65	11
Income Tax Expense	508	977	512	754	737	520	500	850	669	202	653
Other Gains / (Losses), net	0.00	3.00	0.00	4.00	10	1.00	2.00	6.00	-8.00	1.00	6.00
Net Income / (Loss) Attributable to Noncontrolling Interest	510	1,226	689	664	710	447	441	775	573	159	506
Basic Earnings per Share	$0.31	-	$0.33	$0.42	$0.36	-	$0.24	$0.53	$0.46	-	$0.61
Weighted Average Basic Shares Outstanding	1.44B	1.44B	1.44B	1.44B	1.44B	1.44B	1.44B	1.44B	1.44B	1.44B	1.44B
Diluted Earnings per Share	$0.31	-	$0.32	$0.42	$0.36	-	$0.24	$0.53	$0.46	-	$0.61
Weighted Average Diluted Shares Outstanding	1.44B	1.45B	1.44B	1.45B	1.44B	1.45B	1.44B	1.44B	1.44B	1.44B	1.44B
Weighted Average Basic & Diluted Shares Outstanding	1.43B	1.44B	1.44B	1.44B	1.44B	1.44B	1.44B	1.44B	1.44B	1.44B	1.44B
Cash Dividends to Common per Share	$0.15	$0.15	$0.15	$0.15	$0.15	$0.15	$0.15	$0.15	$0.15	$0.15	$0.15

This table details how cash moves in and out of Freeport-McMoRan's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Period end date	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025
Net Change in Cash & Equivalents	-240	4,124	290	-255	-2,177	1,625	4,411	76	-2,327	-1,152	-738
Net Cash From Operating Activities	3,220	3,737	4,666	3,863	1,482	3,017	7,715	5,139	5,279	7,160	5,610
Net Cash From Continuing Operating Activities	3,220	3,737	4,666	3,859	1,482	3,017	7,707	5,139	5,279	7,160	5,610
Net Income / (Loss) Continuing Operations	-12,089	-4,025	2,095	2,894	-189	865	5,365	4,479	3,751	4,399	4,152
Consolidated Net Income / (Loss)	-12,089	-4,025	2,095	2,894	-189	865	5,365	4,479	3,751	4,399	4,152
Depreciation Expense	3,497	2,610	1,714	1,754	1,412	1,528	1,998	2,019	2,068	2,241	2,244
Non-Cash Adjustments To Reconcile Net Income	11,617	4,704	420	722	-260	-277	-155	223	303	572	282
Changes in Operating Assets and Liabilities, net	195	448	437	-1,033	519	901	499	-1,582	-843	-52	-1,068
Net Cash From Investing Activities	-6,246	3,553	-1,321	-5,018	-2,103	-1,264	-1,964	-3,440	-4,956	-5,028	-4,472
Net Cash From Continuing Investing Activities	-6,246	3,553	-1,321	-5,018	-2,103	-1,264	-1,964	-3,440	-4,956	-5,028	-4,472
Purchase of Property, Plant & Equipment	-6,353	-2,813	-1,410	-1,971	-2,652	-1,961	-2,115	-3,469	-4,824	-4,808	-4,494
Acquisitions	-	0.00	0.00	-3,500	0.00	0.00	-33	0.00	0.00	-210	0.00
Other Investing Activities, net	-53	11	17	-97	-12	-7.00	-63	-79	-132	-10	22
Net Cash From Financing Activities	2,786	-3,166	-3,055	900	-1,556	-128	-1,340	-1,623	-2,650	-3,284	-1,876
Net Cash From Continuing Financing Activities	2,786	-3,166	-3,055	900	-1,556	-128	-1,340	-1,623	-2,650	-3,284	-1,876
Repayment of Debt	-6,693	-7,663	-3,834	-2,736	-3,221	-3,776	-1,502	1,178	-2,987	-2,731	-2,777
Repurchase of Common Equity	-	-	-	-	0.00	0.00	-488	-1,347	0.00	-59	-107
Payment of Dividends	-605	-699	-176	-496	-208	83	-732	-1,517	-1,438	-2,698	-2,139
Issuance of Debt	8,272	3,681	955	632	1,879	3,531	1,201	-	1,781	2,251	3,195
Other Financing Activities, net	-4.00	-	-	-	-6.00	34	181	63	-6.00	-47	-48

This table details how cash moves in and out of Freeport-McMoRan's business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026
Period end date	9/30/2023	12/31/2024	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025	6/30/2025	9/30/2025	12/31/2025	3/31/2026
Net Change in Cash & Equivalents	-397	699	277	62	-186	-1,305	37	-124	-171	-480	-24
Net Cash From Operating Activities	1,236	3,201	1,896	1,956	1,872	1,436	1,058	2,195	1,664	693	1,495
Net Cash From Continuing Operating Activities	1,236	3,201	1,892	1,946	1,886	1,436	1,058	2,195	1,664	693	1,495
Net Income / (Loss) Continuing Operations	964	1,655	1,162	1,280	1,236	721	793	1,547	1,247	565	1,387
Consolidated Net Income / (Loss)	964	1,655	1,162	1,280	1,236	721	793	1,547	1,247	565	1,387
Depreciation Expense	533	762	595	509	600	537	466	668	625	485	514
Non-Cash Adjustments To Reconcile Net Income	120	229	232	91	5.00	251	96	40	12	164	-592
Changes in Operating Assets and Liabilities, net	-381	555	-97	66	45	-73	-297	-60	-220	-521	186
Net Cash From Investing Activities	-1,219	-1,444	-1,277	-1,108	-1,412	-1,231	-1,176	-1,256	-1,010	-1,030	-985
Net Cash From Continuing Investing Activities	-1,219	-1,444	-1,277	-1,108	-1,412	-1,231	-1,176	-1,256	-1,035	-1,005	-985
Purchase of Property, Plant & Equipment	-1,178	-1,346	-1,254	-1,116	-1,199	-1,239	-1,172	-1,261	-1,056	-1,005	-973
Other Investing Activities, net	7.00	-16	5.00	8.00	-3.00	-39	-4.00	5.00	21	-	-12
Net Cash From Financing Activities	-414	-1,058	-342	-786	-646	-1,510	155	-1,063	-825	-143	-534
Net Cash From Continuing Financing Activities	-416	-1,058	-342	-785	-647	-1,510	155	-1,063	-825	-143	-534
Repayment of Debt	-594	1,919	-612	-669	-456	1,257	-636	-702	-505	-934	-1,102
Repurchase of Common Equity	-	-59	0.00	-	-	-	-55	-52	-	-	-93
Payment of Dividends	-331	-1,694	-320	-798	-800	-780	-218	-840	-865	-216	-443
Issuance of Debt	505	-	613	668	667	-	1,088	542	550	1,015	1,137
Other Financing Activities, net	4.00	-38	-23	14	1.00	-39	-24	-11	-5.00	-8.00	-33

This table presents Freeport-McMoRan's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Period end date	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025
Total Assets	46,577	37,317	37,302	42,216	40,809	42,144	48,022	51,093	52,506	54,848	58,167
Total Current Assets	7,462	10,435	10,626	10,464	7,915	9,303	14,830	15,613	14,065	13,296	13,790
Cash & Equivalents	177	4,245	4,526	4,217	2,020	3,657	8,068	8,146	4,758	3,923	3,824
Restricted Cash	-	-	-	-	-	-	-	111	1,208	888	230
Accounts Receivable	797	1,126	1,322	829	741	892	1,168	1,336	1,209	578	977
Inventories, net	2,536	3,642	2,745	2,725	2,792	2,608	2,839	3,347	2,169	3,770	4,161
Current Deferred & Refundable Income Taxes	1,332	879	343	493	426	520	574	459	455	564	686
Other Current Assets	1,700	199	1,690	2,200	1,936	1,626	2,181	2,214	4,266	3,573	3,912
Plant, Property, & Equipment, net	23,986	23,219	22,994	28,010	29,584	29,818	30,345	32,627	35,295	38,514	40,736
Total Noncurrent Assets	15,129	3,737	3,682	3,742	3,310	3,023	2,847	2,853	3,146	3,038	3,641
Noncurrent Deferred & Refundable Income Taxes	-	-	-	-	-	-	-	-	-	306	810
Other Noncurrent Operating Assets	10,743	3,737	3,682	3,742	3,310	3,023	2,847	2,853	3,146	2,732	2,831
Total Liabilities & Shareholders' Equity	46,577	37,317	37,302	42,216	40,809	42,144	48,022	51,093	52,506	54,848	58,167
Total Liabilities	33,769	28,060	26,006	24,324	23,361	23,476	25,003	26,222	25,196	26,070	27,401
Total Current Liabilities	4,307	4,265	4,914	3,329	3,209	3,417	5,892	6,345	5,815	5,496	6,019
Short-Term Debt	649	1,232	1,414	17	5.00	34	372	1,037	766	41	466
Accounts Payable	3,232	2,393	2,497	2,625	2,576	2,708	3,495	4,027	3,729	4,057	4,565
Dividends Payable	-	-	0.00	73	73	0.00	220	217	218	219	219
Current Deferred & Payable Income Tax Liabilities	23	66	583	165	119	324	1,541	744	786	859	456
Other Current Liabilities	272	369	420	449	436	351	264	320	316	320	313
Total Noncurrent Liabilities	29,462	23,795	21,092	20,995	20,152	20,059	19,111	19,877	19,381	20,574	21,382
Long-Term Debt	19,675	14,795	11,815	11,124	9,821	9,677	9,078	9,583	8,656	8,907	8,913
Asset Retirement Reserve & Litigation Obligation	3,714	3,487	3,602	3,609	3,630	3,705	4,116	4,463	4,624	5,404	5,541
Noncurrent Deferred & Payable Income Tax Liabilities	3,567	3,768	3,663	4,032	4,210	4,408	4,234	4,269	4,453	4,376	4,622
Other Noncurrent Operating Liabilities	1,641	1,745	2,012	2,230	2,491	2,269	1,683	1,562	1,648	1,887	2,306
Total Equity & Noncontrolling Interests	12,044	9,257	11,296	17,892	17,448	18,668	23,019	24,871	27,310	28,778	30,766
Total Preferred & Common Equity	7,828	6,051	7,977	9,798	9,298	10,174	13,980	15,555	16,693	17,581	18,899
Total Common Equity	7,828	6,051	7,977	9,798	9,298	10,174	13,980	15,555	16,693	17,581	18,899
Common Stock	24,420	26,847	26,909	26,171	25,988	26,196	26,035	25,483	24,799	23,959	23,843
Retained Earnings	-12,387	-16,540	-14,722	-12,041	-12,280	-11,681	-7,375	-3,907	-2,059	-170	1,385
Treasury Stock	-3,702	-3,708	-3,723	-3,727	-3,734	-3,758	-4,292	-5,701	-5,773	-5,894	-6,024
Accumulated Other Comprehensive Income / (Loss)	-503	-548	-487	-605	-676	-583	-388	-320	-274	-314	-305
Noncontrolling Interest	4,216	3,206	3,319	8,094	8,150	8,494	9,039	9,316	10,617	11,197	11,867

This table presents Freeport-McMoRan's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q1 2025	Q2 2025	Q3 2025	Q1 2026
Period end date	3/31/2023	6/30/2023	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	3/31/2025	6/30/2025	9/30/2025	3/31/2026
Total Assets	50,909	50,907	51,648	52,506	54,198	54,635	55,400	56,022	56,492	56,828	58,840
Total Current Assets	14,746	14,057	14,077	14,065	14,842	14,722	14,545	13,802	13,636	13,564	14,092
Cash & Equivalents	6,852	6,683	5,745	4,758	5,208	5,273	5,000	4,385	4,490	4,318	3,737
Restricted Cash	-	-	697	1,208	1,034	1,030	1,117	460	230	230	280
Accounts Receivable	1,134	675	792	1,209	1,494	1,128	979	743	941	916	681
Inventories, net	3,496	2,098	2,131	3,588	3,621	2,283	2,328	3,854	2,516	2,633	2,865
Current Deferred & Refundable Income Taxes	550	417	488	455	744	428	570	565	474	548	666
Other Current Assets	2,714	4,184	4,224	2,847	2,741	4,580	4,551	3,795	4,985	4,919	5,863
Plant, Property, & Equipment, net	33,159	33,845	34,535	35,295	36,197	36,784	37,750	39,200	39,835	40,257	41,101
Total Noncurrent Assets	3,004	3,005	3,036	3,146	3,159	3,129	3,105	3,020	3,021	3,007	3,647
Noncurrent Deferred & Refundable Income Taxes	-	-	-	-	-	-	-	-	-	-	832
Other Noncurrent Operating Assets	3,004	3,005	3,036	3,146	3,159	3,129	3,105	3,020	3,021	3,007	2,815
Total Liabilities & Shareholders' Equity	50,909	50,907	51,648	52,506	54,198	54,635	55,400	56,022	56,492	56,828	58,840
Total Liabilities	25,261	24,880	24,971	25,196	26,093	25,949	26,534	26,808	26,496	26,431	27,329
Total Current Liabilities	5,281	4,788	4,860	5,815	6,305	6,136	6,247	5,943	5,531	5,526	5,907
Short-Term Debt	49	37	35	766	769	768	769	495	338	383	500
Accounts Payable	3,836	3,642	3,724	3,729	3,672	3,910	3,824	4,078	4,288	4,098	4,142
Dividends Payable	217	217	217	218	217	218	218	217	218	218	217
Current Deferred & Payable Income Tax Liabilities	846	531	489	786	1,322	898	1,072	857	389	528	725
Other Current Liabilities	333	361	395	316	325	342	364	296	298	299	323
Total Noncurrent Liabilities	19,980	20,092	20,111	19,381	19,788	19,813	20,287	20,865	20,965	20,905	21,422
Long-Term Debt	9,586	9,458	9,370	8,656	8,656	8,658	8,910	8,909	8,913	8,915	8,914
Capital Lease Obligations	-	-	-	-	-	-	-	-	-	-	987
Asset Retirement Reserve & Litigation Obligation	4,493	4,566	4,645	4,624	5,059	5,083	5,103	5,428	5,463	5,457	5,592
Noncurrent Deferred & Payable Income Tax Liabilities	4,305	4,343	4,399	4,453	4,500	4,491	4,492	4,402	4,410	4,359	4,641
Other Noncurrent Operating Liabilities	1,596	1,725	1,697	1,648	1,573	1,581	1,782	2,126	2,179	2,174	1,288
Total Equity & Noncontrolling Interests	25,648	26,027	26,677	27,310	28,105	28,686	28,866	29,214	29,996	30,397	31,511
Total Preferred & Common Equity	16,057	16,202	16,459	16,693	16,973	17,404	17,548	17,688	18,208	18,685	19,505
Total Common Equity	16,057	16,202	16,459	16,693	16,973	17,404	17,548	17,688	18,208	18,685	19,505
Common Stock	25,389	25,190	24,995	24,799	24,650	24,483	24,159	23,790	23,805	23,823	23,876
Retained Earnings	-3,244	-2,901	-2,447	-2,059	-1,586	-970	-444	182	738	1,196	2,050
Treasury Stock	-5,769	-5,769	-5,772	-5,773	-5,817	-5,835	-5,894	-5,971	-6,024	-6,024	-6,117
Accumulated Other Comprehensive Income / (Loss)	-319	-318	-317	-274	-274	-274	-273	-313	-311	-310	-304
Noncontrolling Interest	9,591	9,825	10,218	10,617	11,132	11,282	11,318	11,526	11,788	11,712	12,006

This table displays calculated financial ratios and metrics derived from Freeport-McMoRan's official financial filings.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Period end date	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2024	12/31/2024	12/31/2025
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	-26.97%	1.53%	10.61%	13.56%	-22.69%	-1.42%	60.90%	-0.28%	11.74%	11.38%	1.81%
EBITDA Growth	-378.48%	98.67%	3,554.89%	43.29%	-64.08%	70.15%	154.95%	-9.71%	2.20%	10.35%	-5.09%
EBIT Growth	-4,960.30%	79.70%	205.03%	67.65%	-80.27%	161.91%	230.97%	-12.31%	-0.25%	10.98%	-6.71%
NOPAT Growth	-4,434.23%	79.80%	234.39%	38.03%	-120.53%	259.05%	406.12%	-20.38%	-6.53%	12.51%	-2.54%
Net Income Growth	-1,522.68%	66.71%	152.05%	38.14%	-106.53%	557.67%	520.23%	-16.51%	-1.79%	17.28%	-5.61%
EPS Growth	-797.62%	72.06%	139.56%	42.40%	-109.55%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Cash Flow Growth	-42.82%	16.06%	24.86%	-17.21%	-61.64%	103.58%	155.72%	-33.39%	39.33%	35.63%	-21.65%
Free Cash Flow Firm Growth	34.92%	49.96%	-38.51%	-138.01%	13.45%	251.18%	238.05%	-69.25%	-55.02%	550.51%	-51.51%
Invested Capital Growth	-31.71%	-26.78%	-4.65%	24.45%	1.76%	-2.39%	-0.41%	11.49%	12.87%	6.94%	9.59%
Revenue Q/Q Growth	-4.35%	9.15%	4.22%	-6.79%	1.60%	4.29%	7.88%	-1.75%	12.10%	-9.86%	-0.33%
EBITDA Q/Q Growth	-6.52%	97.24%	-3.34%	-5.77%	11.50%	40.75%	5.89%	-5.38%	13.38%	-11.93%	-5.13%
EBIT Q/Q Growth	-3.48%	63.95%	-0.79%	-6.74%	36.73%	81.53%	5.60%	-6.14%	13.69%	-14.55%	-6.05%
NOPAT Q/Q Growth	-3.60%	64.37%	73.22%	-13.08%	-264.41%	1,569.19%	10.71%	-11.41%	13.14%	-14.82%	-2.89%
Net Income Q/Q Growth	-12.67%	51.62%	92.91%	-22.31%	-229.45%	1,630.00%	10.28%	-7.84%	18.22%	-17.51%	-3.62%
EPS Q/Q Growth	-7.92%	55.74%	32.98%	-17.59%	-206.25%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Cash Flow Q/Q Growth	-13.58%	16.56%	12.30%	-30.76%	18.56%	62.20%	14.09%	-19.07%	42.40%	1.65%	-11.70%
Free Cash Flow Firm Q/Q Growth	532.26%	-19.52%	-35.91%	-132.38%	77.15%	953.06%	1.94%	-45.94%	63.83%	-5.12%	-35.28%
Invested Capital Q/Q Growth	-21.29%	-12.14%	0.87%	26.05%	0.16%	-1.85%	-0.06%	3.55%	3.77%	1.49%	2.67%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	-87.68%	-18.23%	27.01%	27.71%	8.87%	17.91%	38.59%	33.76%	30.09%	30.09%	28.16%
EBITDA Margin	-68.56%	-0.90%	28.01%	35.34%	16.42%	28.34%	44.91%	40.66%	37.19%	37.19%	34.67%
Operating Margin	-92.50%	-18.40%	22.50%	25.52%	7.58%	17.16%	36.62%	30.89%	26.97%	26.97%	25.15%
EBIT Margin	-92.50%	-18.50%	17.56%	25.93%	6.62%	17.58%	36.16%	31.80%	28.39%	28.39%	26.01%
Profit (Net Income) Margin	-82.76%	-27.14%	12.77%	15.54%	-1.31%	6.09%	23.48%	19.66%	17.28%	17.28%	16.02%
Tax Burden Percent	85.57%	115.93%	72.19%	74.36%	-61.76%	48.14%	70.05%	66.70%	63.69%	63.69%	65.16%
Interest Burden Percent	104.57%	126.58%	100.73%	80.58%	32.11%	72.00%	92.71%	92.70%	95.59%	95.59%	94.53%
Effective Tax Rate	0.00%	0.00%	30.43%	25.46%	166.67%	52.53%	30.02%	33.76%	36.53%	36.53%	34.86%
Return on Invested Capital (ROIC)	-26.80%	-7.70%	12.53%	15.79%	-2.90%	4.62%	23.73%	17.90%	14.91%	13.59%	12.23%
ROIC Less NNEP Spread (ROIC-NNEP)	-42.02%	-23.05%	7.91%	7.51%	4.34%	0.43%	10.94%	9.19%	16.26%	14.64%	10.33%
Return on Net Nonoperating Assets (RNNOA)	-40.30%	-28.78%	7.86%	4.04%	1.83%	0.17%	2.01%	0.80%	1.95%	2.10%	1.72%
Return on Equity (ROE)	-67.10%	-36.48%	20.39%	19.83%	-1.07%	4.79%	25.74%	18.71%	16.86%	15.69%	13.95%
Cash Return on Invested Capital (CROIC)	10.88%	23.22%	17.29%	-6.00%	-4.64%	7.04%	24.14%	7.03%	2.82%	6.88%	3.08%
Operating Return on Assets (OROA)	-25.67%	-6.54%	7.72%	12.15%	2.30%	6.02%	18.32%	14.62%	13.95%	13.46%	11.93%
Return on Assets (ROA)	-22.97%	-9.60%	5.62%	7.28%	-0.46%	2.09%	11.90%	9.04%	8.49%	8.20%	7.35%
Return on Common Equity (ROCE)	-48.63%	-22.95%	13.91%	12.08%	-0.58%	2.58%	14.91%	11.54%	10.42%	9.59%	8.54%
Return on Equity Simple (ROE_SIMPLE)	-154.43%	-66.52%	26.26%	29.54%	-2.03%	8.50%	38.38%	28.79%	26.35%	0.00%	0.00%
Net Operating Profit after Tax (NOPAT)	-9,458	-1,910	2,567	3,544	-727	1,157	5,855	4,661	4,357	4,357	4,246
NOPAT Margin	-64.75%	-12.88%	15.65%	19.02%	-5.05%	8.15%	25.63%	20.46%	17.12%	17.12%	16.38%
Net Nonoperating Expense Percent (NNEP)	15.22%	15.35%	4.63%	8.27%	-7.24%	4.19%	12.79%	8.72%	-1.35%	-1.05%	1.90%
Return On Investment Capital (ROIC_SIMPLE)	-29.22%	-7.56%	10.47%	12.21%	-2.67%	4.08%	18.03%	13.13%	11.86%	11.55%	10.58%
Cost of Revenue to Revenue	187.68%	118.23%	72.99%	72.29%	91.13%	82.09%	61.41%	66.24%	69.91%	69.91%	71.84%
SG&A Expenses to Revenue	3.82%	4.03%	2.91%	2.27%	2.74%	2.61%	1.68%	1.84%	2.02%	2.02%	2.10%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	4.82%	0.17%	4.47%	2.19%	1.29%	0.75%	1.97%	2.87%	3.13%	3.13%	3.01%
Earnings before Interest and Taxes (EBIT)	-13,511	-2,743	2,881	4,830	953	2,496	8,261	7,244	7,226	7,226	6,741
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	-10,014	-133	4,595	6,584	2,365	4,024	10,259	9,263	9,467	9,467	8,985
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	0.92	2.73	3.17	1.42	1.94	3.53	4.19	3.39	3.27	3.08	3.85
Price to Tangible Book Value (P/TBV)	0.92	2.73	3.17	1.42	1.94	3.53	4.19	3.39	3.27	3.08	3.85
Price to Revenue (P/Rev)	0.49	1.11	1.54	0.74	1.25	2.53	2.56	2.32	2.14	2.12	2.81
Price to Earnings (P/E)	0.00	0.00	13.90	5.33	0.00	59.90	13.59	15.22	28.86	28.63	33.01
Dividend Yield	9.20%	0.00%	0.00%	1.57%	1.61%	0.81%	0.56%	1.62%	1.58%	1.59%	1.18%
Earnings Yield	0.00%	0.00%	7.20%	18.76%	0.00%	1.67%	7.36%	6.57%	3.47%	3.49%	3.03%
Enterprise Value to Invested Capital (EV/IC)	1.13	1.50	1.86	1.16	1.34	2.04	2.80	2.35	2.21	2.10	2.48
Enterprise Value to Revenue (EV/Rev)	2.21	2.12	2.27	1.55	2.36	3.55	3.02	2.83	2.69	2.73	3.47
Enterprise Value to EBITDA (EV/EBITDA)	0.00	0.00	8.11	4.39	14.36	12.53	6.72	6.96	7.24	7.33	10.01
Enterprise Value to EBIT (EV/EBIT)	0.00	0.00	12.94	5.98	35.63	20.20	8.35	8.90	9.49	9.61	13.34
Enterprise Value to NOPAT (EV/NOPAT)	0.00	0.00	14.52	8.15	0.00	43.59	11.78	13.83	15.74	15.94	21.18
Enterprise Value to Operating Cash Flow (EV/OCF)	10.04	8.43	7.99	7.48	22.91	16.72	8.94	12.55	9.58	9.70	16.03
Enterprise Value to Free Cash Flow (EV/FCFF)	8.41	5.47	10.52	0.00	0.00	28.62	11.58	35.21	83.26	31.46	84.05
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	1.59	1.73	1.17	0.62	0.56	0.52	0.41	0.43	0.35	0.31	0.30
Long-Term Debt to Equity	1.54	1.60	1.05	0.62	0.56	0.52	0.39	0.39	0.32	0.31	0.29
Financial Leverage	0.96	1.25	0.99	0.54	0.42	0.39	0.18	0.09	0.12	0.14	0.17
Leverage Ratio	2.92	3.80	3.63	2.72	2.35	2.30	2.16	2.07	1.99	1.91	1.90
Compound Leverage Factor	3.05	4.81	3.66	2.20	0.75	1.65	2.01	1.92	1.90	1.83	1.79
Debt to Total Capital	61.34%	63.39%	53.94%	38.37%	36.03%	34.22%	29.10%	29.92%	25.65%	23.72%	23.36%
Short-Term Debt to Total Capital	1.96%	4.87%	5.77%	0.06%	0.02%	0.12%	1.15%	2.92%	2.09%	0.11%	1.16%
Long-Term Debt to Total Capital	59.38%	58.52%	48.18%	38.32%	36.01%	34.10%	27.96%	27.00%	23.57%	23.61%	22.20%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	15.03%	12.68%	13.53%	27.88%	29.88%	29.93%	27.84%	26.25%	28.90%	29.68%	29.56%
Common Equity to Total Capital	23.63%	23.93%	32.53%	33.75%	34.09%	35.85%	43.06%	43.83%	45.45%	46.60%	47.08%
Debt to EBITDA	-2.03	-120.50	2.88	1.69	4.15	2.41	0.92	1.15	1.00	0.95	1.04
Net Debt to EBITDA	-2.01	-88.59	1.89	1.05	3.30	1.50	0.13	0.26	0.37	0.44	0.59
Long-Term Debt to EBITDA	-1.96	-111.24	2.57	1.69	4.15	2.40	0.88	1.03	0.91	0.94	0.99
Debt to NOPAT	-2.15	-8.39	5.15	3.14	-13.51	8.39	1.61	2.28	2.16	2.05	2.21
Net Debt to NOPAT	-2.13	-6.17	3.39	1.95	-10.73	5.23	0.24	0.51	0.79	0.95	1.25
Long-Term Debt to NOPAT	-2.08	-7.74	4.60	3.14	-13.50	8.37	1.55	2.06	1.99	2.04	2.10
Altman Z-Score	-0.81	0.09	0.91	0.96	0.61	1.23	2.46	2.23	2.37	2.31	2.61
Noncontrolling Interest Sharing Ratio	27.52%	37.10%	31.75%	39.10%	45.96%	46.08%	42.06%	38.33%	38.20%	38.89%	38.73%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Current Ratio	1.73	2.45	2.16	3.14	2.47	2.72	2.52	2.46	2.42	2.42	2.29
Quick Ratio	0.23	1.26	1.19	1.52	0.86	1.33	1.57	1.49	1.03	0.82	0.80
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	3,842	5,761	3,542	-1,346	-1,165	1,762	5,956	1,831	824	2,207	1,070
Operating Cash Flow to CapEx	51.99%	156.36%	348.73%	195.99%	55.88%	153.85%	364.78%	148.14%	148.92%	148.92%	124.83%
Free Cash Flow to Firm to Interest Expense	6.23	7.90	0.00	-1.44	-1.80	2.52	9.89	3.46	2.58	6.92	2.90
Operating Cash Flow to Interest Expense	5.22	5.13	0.00	4.12	2.29	4.32	12.82	9.71	22.45	22.45	15.20
Operating Cash Flow Less CapEx to Interest Expense	-4.82	1.85	0.00	2.02	-1.81	1.51	9.30	3.16	7.37	7.37	3.02
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.28	0.35	0.44	0.47	0.35	0.34	0.51	0.46	0.49	0.47	0.46
Accounts Receivable Turnover	16.69	15.42	13.40	17.32	18.35	17.39	22.18	18.19	20.00	28.49	33.33
Inventory Turnover	12.40	5.68	3.75	4.92	4.76	4.32	5.15	4.88	5.13	5.99	4.70
Fixed Asset Turnover	0.58	0.63	0.71	0.73	0.50	0.48	0.76	0.72	0.75	0.69	0.65
Accounts Payable Turnover	7.96	6.23	4.90	5.26	5.05	4.41	4.52	4.01	4.59	4.57	4.32
Days Sales Outstanding (DSO)	21.86	23.66	27.24	21.07	19.89	20.99	16.46	20.06	18.25	12.81	10.95
Days Inventory Outstanding (DIO)	29.44	64.30	97.36	74.13	76.71	84.56	70.85	74.82	71.12	60.91	77.74
Days Payable Outstanding (DPO)	45.83	58.55	74.54	69.42	72.32	82.74	80.69	90.98	79.54	79.85	84.52
Cash Conversion Cycle (CCC)	5.47	29.42	50.06	25.79	24.29	22.81	6.62	3.90	9.83	-6.13	4.18
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	28,645	20,974	19,999	24,889	25,327	24,722	24,621	27,451	30,984	33,134	36,310
Invested Capital Turnover	0.41	0.60	0.80	0.83	0.57	0.57	0.93	0.87	0.87	0.79	0.75
Increase / (Decrease) in Invested Capital	-13,300	-7,671	-975	4,890	438	-605	-101	2,830	3,533	2,150	3,176
Enterprise Value (EV)	32,325	31,510	37,270	28,891	33,957	50,429	68,959	64,471	68,584	69,424	89,942
Market Capitalization	7,198	16,522	25,248	13,873	18,001	35,881	58,538	52,792	54,511	54,090	72,750
Book Value per Share	$6.77	$4.44	$5.51	$6.76	$6.41	$7.00	$9.52	$10.88	$11.62	$12.24	$13.16
Tangible Book Value per Share	$6.77	$4.44	$5.51	$6.76	$6.41	$7.00	$9.52	$10.88	$11.62	$12.24	$13.16
Total Capital	33,132	25,284	24,525	29,033	27,274	28,379	32,469	35,491	36,732	37,726	40,145
Total Debt	20,324	16,027	13,229	11,141	9,826	9,711	9,450	10,620	9,422	8,948	9,379
Total Long-Term Debt	19,675	14,795	11,815	11,124	9,821	9,677	9,078	9,583	8,656	8,907	8,913
Net Debt	20,147	11,782	8,703	6,924	7,806	6,054	1,382	2,363	3,456	4,137	5,325
Capital Expenditures (CapEx)	6,193	2,390	1,338	1,971	2,652	1,961	2,115	3,469	4,808	4,808	4,494
Debt-free, Cash-free Net Working Capital (DFCFNWC)	3,627	3,157	2,600	2,935	2,691	2,263	1,242	2,048	3,050	3,030	4,183
Debt-free Net Working Capital (DFNWC)	3,804	7,402	7,126	7,152	4,711	5,920	9,310	10,305	9,016	7,841	8,237
Net Working Capital (NWC)	3,155	6,170	5,712	7,135	4,706	5,886	8,938	9,268	8,250	7,800	7,771
Net Nonoperating Expense (NNE)	2,631	2,115	472	650	-538	292	490	182	-42	-42	94
Net Nonoperating Obligations (NNO)	15,837	11,717	8,703	6,997	7,879	6,054	1,602	2,580	3,674	4,356	5,544
Total Depreciation and Amortization (D&A)	3,497	2,610	1,714	1,754	1,412	1,528	1,998	2,019	2,241	2,241	2,244
Debt-free, Cash-free Net Working Capital to Revenue	24.83%	21.29%	15.85%	15.76%	18.68%	15.94%	5.44%	8.99%	11.98%	11.90%	16.14%
Debt-free Net Working Capital to Revenue	26.04%	49.91%	43.44%	38.39%	32.71%	41.70%	40.75%	45.24%	35.42%	30.80%	31.78%
Net Working Capital to Revenue	21.60%	41.60%	34.82%	38.30%	32.68%	41.46%	39.12%	40.68%	32.41%	30.64%	29.99%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	($11.31)	$0.00	$1.25	$1.79	($0.17)	$0.41	$2.93	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic Shares Outstanding	1.08B	0.00	1.45B	1.45B	1.45B	1.45B	1.47B	1.44B	1.44B	1.44B	1.44B
Adjusted Diluted Earnings per Share	($11.31)	$0.00	$1.25	$1.78	($0.17)	$0.41	$2.90	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Diluted Shares Outstanding	1.08B	0.00	1.45B	1.46B	1.45B	1.46B	1.48B	1.45B	1.45B	1.45B	1.44B
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$1.25	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	1.25B	0.00	1.45B	1.45B	1.45B	1.46B	1.45B	1.43B	1.44B	1.44B	1.44B
Normalized Net Operating Profit after Tax (NOPAT)	-9,431	-2,355	2,681	3,455	545	1,486	5,862	4,740	4,437	4,437	4,273
Normalized NOPAT Margin	-64.57%	-15.88%	16.34%	18.55%	3.79%	10.47%	25.66%	20.81%	17.43%	17.43%	16.49%
Pre Tax Income Margin	-96.72%	-23.41%	17.69%	20.89%	2.12%	12.66%	33.53%	29.48%	27.13%	27.13%	24.59%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	-21.90	-3.76	0.00	5.15	1.47	3.57	13.72	13.69	22.65	22.65	18.27
NOPAT to Interest Expense	-15.33	-2.62	0.00	3.78	-1.12	1.65	9.73	8.81	13.66	13.66	11.51
EBIT Less CapEx to Interest Expense	-31.94	-7.04	0.00	3.05	-2.63	0.77	10.21	7.14	7.58	7.58	6.09
NOPAT Less CapEx to Interest Expense	-25.37	-5.90	0.00	1.68	-5.22	-1.15	6.21	2.25	-1.41	-1.41	-0.67
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	-5.00%	-17.37%	8.40%	17.14%	-110.05%	-9.60%	13.64%	33.87%	61.33%	61.33%	51.52%
Augmented Payout Ratio	-5.00%	-17.37%	8.40%	17.14%	-110.05%	-9.60%	22.74%	63.94%	62.67%	62.67%	54.09%

This table displays calculated financial ratios and metrics derived from Freeport-McMoRan's official financial filings.

Metric	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026
Period end date	9/30/2023	12/31/2024	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025	6/30/2025	9/30/2025	12/31/2025	3/31/2026
DEI Shares Outstanding	-	-	-	-	-	-	-	-	-	-	1,437,201,606.00
DEI Adjusted Shares Outstanding	-	-	-	-	-	-	-	-	-	-	1,437,201,606.00
DEI Earnings Per Adjusted Shares Outstanding	-	-	-	-	-	-	-	-	-	-	0.61
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	16.41%	47.71%	17.29%	15.46%	16.59%	-3.13%	-9.38%	14.46%	2.68%	-1.52%	8.83%
EBITDA Growth	40.20%	51.12%	12.93%	32.61%	25.72%	-23.49%	-22.52%	19.57%	0.80%	-26.31%	45.70%
EBIT Growth	58.36%	52.10%	4.38%	47.70%	30.20%	-28.22%	-22.80%	16.76%	-0.20%	-33.13%	57.83%
NOPAT Growth	59.53%	52.14%	4.87%	58.88%	23.88%	-27.86%	-29.61%	21.70%	6.27%	-17.27%	81.74%
Net Income Growth	72.14%	69.40%	10.77%	75.10%	28.22%	-28.40%	-31.76%	20.86%	0.89%	-21.64%	74.91%
EPS Growth	10.71%	0.00%	-30.43%	82.61%	16.13%	0.00%	-25.00%	26.19%	27.78%	0.00%	154.17%
Operating Cash Flow Growth	63.06%	199.44%	80.57%	16.92%	51.46%	8.79%	-44.20%	12.22%	-11.11%	-51.74%	41.30%
Free Cash Flow Firm Growth	-87.94%	-10.49%	14.86%	29.32%	33.42%	43.60%	2.10%	31.64%	9.24%	-80.56%	-58.37%
Invested Capital Growth	12.63%	12.87%	9.97%	10.23%	9.34%	6.94%	7.89%	8.49%	8.33%	9.59%	12.13%
Revenue Q/Q Growth	1.52%	46.03%	-25.68%	4.79%	2.51%	-15.76%	0.00%	32.37%	-8.05%	-19.21%	10.67%
EBITDA Q/Q Growth	5.81%	57.54%	-28.59%	11.41%	0.30%	-29.91%	0.00%	71.92%	-15.44%	-48.76%	95.59%
EBIT Q/Q Growth	9.00%	62.51%	-30.59%	20.14%	-3.92%	-35.63%	0.00%	81.70%	-17.87%	-56.87%	145.21%
NOPAT Q/Q Growth	20.53%	51.84%	-23.55%	13.55%	-6.02%	-40.37%	0.00%	96.33%	-17.93%	-53.58%	142.98%
Net Income Q/Q Growth	31.87%	71.68%	-29.79%	10.15%	-3.44%	-41.67%	0.00%	95.08%	-19.39%	-54.69%	145.49%
EPS Q/Q Growth	34.78%	0.00%	0.00%	31.25%	-14.29%	0.00%	0.00%	120.83%	-13.21%	0.00%	0.00%
Operating Cash Flow Q/Q Growth	-26.12%	158.98%	-40.77%	3.16%	-4.29%	-23.29%	0.00%	107.47%	-24.19%	-58.35%	115.73%
Free Cash Flow Firm Q/Q Growth	0.44%	13.56%	15.94%	2.30%	6.21%	9.52%	0.00%	31.78%	-24.52%	-80.00%	-3.58%
Invested Capital Q/Q Growth	2.76%	3.77%	1.68%	1.66%	1.93%	1.49%	0.00%	2.22%	1.78%	2.67%	4.96%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	29.84%	28.88%	29.77%	33.82%	31.12%	24.91%	26.29%	34.71%	30.72%	18.05%	26.55%
EBITDA Margin	35.99%	38.82%	37.30%	39.66%	38.81%	32.29%	31.90%	41.43%	38.10%	24.16%	42.70%
Operating Margin	25.62%	27.76%	25.85%	30.93%	28.54%	21.73%	22.75%	32.08%	28.28%	14.40%	34.28%
EBIT Margin	26.84%	29.86%	27.89%	31.97%	29.97%	22.90%	23.76%	32.62%	29.13%	15.55%	34.46%
Profit (Net Income) Margin	16.55%	19.46%	18.38%	19.32%	18.20%	12.60%	13.84%	20.40%	17.89%	10.03%	22.25%
Tax Burden Percent	65.49%	62.95%	69.41%	63.05%	62.96%	58.15%	61.43%	64.70%	64.81%	73.76%	68.19%
Interest Burden Percent	94.18%	103.50%	94.95%	95.85%	96.46%	94.66%	94.86%	96.68%	94.73%	87.44%	94.69%
Effective Tax Rate	34.51%	37.16%	30.59%	37.14%	37.54%	41.94%	38.73%	35.55%	34.77%	26.37%	32.10%
Return on Invested Capital (ROIC)	13.52%	15.20%	15.74%	17.36%	16.11%	10.02%	0.00%	0.00%	14.11%	7.91%	17.06%
ROIC Less NNEP Spread (ROIC-NNEP)	13.04%	20.68%	16.61%	17.11%	16.84%	10.00%	0.00%	0.00%	13.21%	7.26%	15.93%
Return on Net Nonoperating Assets (RNNOA)	1.41%	2.48%	1.98%	1.99%	2.11%	1.43%	0.00%	0.00%	1.95%	1.21%	2.99%
Return on Equity (ROE)	14.93%	17.68%	17.72%	19.36%	18.22%	11.45%	0.00%	0.00%	16.06%	9.12%	20.04%
Cash Return on Invested Capital (CROIC)	1.78%	2.82%	5.18%	6.25%	7.44%	6.88%	-7.59%	-8.14%	4.86%	3.08%	2.16%
Operating Return on Assets (OROA)	12.00%	14.68%	14.00%	16.53%	15.81%	10.86%	0.00%	0.00%	13.50%	7.13%	15.85%
Return on Assets (ROA)	7.40%	9.56%	9.23%	9.99%	9.60%	5.98%	0.00%	0.00%	8.29%	4.60%	10.24%
Return on Common Equity (ROCE)	9.22%	10.92%	10.89%	11.89%	11.15%	7.00%	0.00%	0.00%	9.82%	5.59%	12.28%
Return on Equity Simple (ROE_SIMPLE)	22.61%	0.00%	26.58%	29.08%	30.39%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Net Operating Profit after Tax (NOPAT)	977	1,484	1,134	1,288	1,210	722	798	1,567	1,286	597	1,451
NOPAT Margin	16.78%	17.44%	17.94%	19.44%	17.83%	12.62%	13.94%	20.67%	18.45%	10.60%	23.27%
Net Nonoperating Expense Percent (NNEP)	0.48%	-5.48%	-0.87%	0.25%	-0.74%	0.02%	0.13%	0.50%	0.90%	0.65%	1.12%
Return On Investment Capital (ROIC_SIMPLE)	2.71%	4.04%	3.02%	3.38%	3.14%	1.91%	2.07%	3.99%	3.24%	1.49%	3.46%
Cost of Revenue to Revenue	70.16%	71.12%	70.23%	66.18%	68.88%	75.09%	73.71%	65.29%	69.28%	81.95%	73.45%
SG&A Expenses to Revenue	2.03%	1.81%	2.28%	1.86%	1.72%	2.26%	2.69%	1.68%	1.88%	2.36%	2.60%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	4.22%	1.12%	3.92%	2.88%	2.58%	3.18%	3.54%	2.64%	2.44%	3.66%	-7.73%
Earnings before Interest and Taxes (EBIT)	1,563	2,540	1,763	2,118	2,035	1,310	1,361	2,473	2,031	876	2,148
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	2,096	3,302	2,358	2,627	2,635	1,847	1,827	3,141	2,656	1,361	2,662
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	3.19	3.27	3.93	3.97	4.06	3.08	3.05	3.41	3.00	3.85	4.32
Price to Tangible Book Value (P/TBV)	3.19	3.27	3.93	3.97	4.06	3.08	3.05	3.41	3.00	3.85	4.32
Price to Revenue (P/Rev)	2.31	2.14	2.53	2.53	2.52	2.12	0.00	0.00	2.16	2.81	3.19
Price to Earnings (P/E)	24.35	28.86	39.29	35.06	34.85	28.63	0.00	0.00	27.08	33.01	30.84
Dividend Yield	1.64%	1.58%	1.29%	1.25%	1.21%	1.59%	1.60%	1.39%	1.54%	1.18%	1.02%
Earnings Yield	4.11%	3.47%	2.55%	2.85%	2.87%	3.49%	0.00%	0.00%	3.69%	3.03%	3.24%
Enterprise Value to Invested Capital (EV/IC)	2.20	2.21	2.57	2.61	2.64	2.10	2.06	2.26	2.05	2.48	2.69
Enterprise Value to Revenue (EV/Rev)	2.89	2.69	3.07	3.06	3.05	2.73	0.00	0.00	2.79	3.47	3.89
Enterprise Value to EBITDA (EV/EBITDA)	7.87	7.24	8.33	8.05	7.88	7.33	0.00	0.00	7.66	10.01	10.46
Enterprise Value to EBIT (EV/EBIT)	10.34	9.49	11.10	10.46	10.18	9.61	0.00	0.00	10.11	13.34	13.64
Enterprise Value to NOPAT (EV/NOPAT)	17.06	15.74	18.37	17.12	16.84	15.94	0.00	0.00	16.60	21.18	20.96
Enterprise Value to Operating Cash Flow (EV/OCF)	13.07	9.58	10.13	10.08	9.65	9.70	0.00	0.00	11.42	16.03	16.98
Enterprise Value to Free Cash Flow (EV/FCFF)	130.67	83.26	52.08	43.76	37.03	31.46	0.00	0.00	43.89	84.05	132.17
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.35	0.35	0.34	0.33	0.34	0.31	0.32	0.31	0.31	0.30	0.33
Long-Term Debt to Equity	0.35	0.32	0.31	0.30	0.31	0.31	0.31	0.30	0.29	0.29	0.31
Financial Leverage	0.11	0.12	0.12	0.12	0.13	0.14	0.14	0.14	0.15	0.17	0.19
Leverage Ratio	2.00	1.99	1.96	1.93	1.93	1.91	1.92	1.89	1.89	1.90	1.89
Compound Leverage Factor	1.88	2.05	1.86	1.85	1.86	1.81	1.82	1.83	1.79	1.66	1.79
Debt to Total Capital	26.07%	25.65%	25.11%	24.73%	25.11%	23.72%	24.35%	23.57%	23.42%	23.36%	24.82%
Short-Term Debt to Total Capital	0.10%	2.09%	2.05%	2.02%	2.00%	0.11%	1.28%	0.86%	0.96%	1.16%	1.19%
Long-Term Debt to Total Capital	25.97%	23.57%	23.06%	22.72%	23.12%	23.61%	23.07%	22.71%	22.46%	22.20%	23.62%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	28.32%	28.90%	29.66%	29.60%	29.36%	29.68%	29.85%	30.04%	29.51%	29.56%	28.65%
Common Equity to Total Capital	45.62%	45.45%	45.23%	45.67%	45.53%	46.60%	45.80%	46.39%	47.07%	47.08%	46.54%
Debt to EBITDA	1.13	1.00	0.97	0.91	0.89	0.95	0.00	0.00	0.98	1.04	1.06
Net Debt to EBITDA	0.35	0.37	0.33	0.30	0.33	0.44	0.00	0.00	0.50	0.59	0.65
Long-Term Debt to EBITDA	1.12	0.91	0.89	0.83	0.82	0.94	0.00	0.00	0.94	0.99	1.01
Debt to NOPAT	2.44	2.16	2.14	1.93	1.89	2.05	0.00	0.00	2.13	2.21	2.12
Net Debt to NOPAT	0.77	0.79	0.72	0.64	0.70	0.95	0.00	0.00	1.09	1.25	1.30
Long-Term Debt to NOPAT	2.43	1.99	1.96	1.77	1.74	2.04	0.00	0.00	2.04	2.10	2.02
Altman Z-Score	1.95	2.08	2.28	2.39	2.41	1.95	1.46	1.74	2.05	2.28	2.64
Noncontrolling Interest Sharing Ratio	38.23%	38.20%	38.55%	38.58%	38.77%	38.89%	39.53%	39.31%	38.86%	38.73%	38.75%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Current Ratio	2.90	2.42	2.35	2.40	2.33	2.42	2.32	2.47	2.45	2.29	2.39
Quick Ratio	1.35	1.03	1.06	1.04	0.96	0.82	0.86	0.98	0.95	0.80	0.75
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	-2,371	-2,049	-1,723	-1,683	-1,579	-1,428	-1,687	-1,151	-1,433	-2,579	-2,671
Operating Cash Flow to CapEx	104.92%	237.82%	151.20%	175.27%	156.13%	115.90%	90.27%	174.07%	157.58%	68.96%	153.65%
Free Cash Flow to Firm to Interest Expense	-26.05	0.00	-19.36	-19.13	-21.93	-20.40	-24.10	-14.03	-13.39	-23.44	-23.43
Operating Cash Flow to Interest Expense	13.58	0.00	21.30	22.23	26.00	20.51	15.11	26.77	15.55	6.30	13.11
Operating Cash Flow Less CapEx to Interest Expense	0.64	0.00	7.21	9.55	9.35	2.81	-1.63	11.39	5.68	-2.84	4.58
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.45	0.49	0.50	0.52	0.53	0.47	0.00	0.00	0.46	0.46	0.46
Accounts Receivable Turnover	27.76	20.00	20.08	30.25	31.89	28.49	0.00	0.00	27.44	33.33	37.11
Inventory Turnover	5.87	5.13	5.25	8.65	8.77	5.99	0.00	0.00	7.38	4.70	5.65
Fixed Asset Turnover	0.68	0.75	0.76	0.77	0.78	0.69	0.00	0.00	0.67	0.65	0.66
Accounts Payable Turnover	4.11	4.59	4.97	5.02	5.18	4.57	0.00	0.00	4.62	4.32	4.62
Days Sales Outstanding (DSO)	13.15	18.25	18.18	12.06	11.45	12.81	0.00	0.00	13.30	10.95	9.84
Days Inventory Outstanding (DIO)	62.18	71.12	69.57	42.17	41.63	60.91	0.00	0.00	49.48	77.74	64.62
Days Payable Outstanding (DPO)	88.78	79.54	73.39	72.70	70.46	79.85	0.00	0.00	79.02	84.52	79.06
Cash Conversion Cycle (CCC)	-13.45	9.83	14.35	-18.46	-17.39	-6.13	0.00	0.00	-16.23	4.18	-4.60
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	29,857	30,984	31,505	32,027	32,646	33,134	33,990	34,745	35,365	36,310	38,112
Invested Capital Turnover	0.81	0.87	0.88	0.89	0.90	0.79	0.00	0.00	0.76	0.75	0.73
Increase / (Decrease) in Invested Capital	3,348	3,533	2,857	2,971	2,789	2,150	2,485	2,718	2,719	3,176	4,122
Enterprise Value (EV)	65,700	68,584	81,063	83,538	86,117	69,424	70,073	78,374	72,572	89,942	102,683
Market Capitalization	52,519	54,511	66,748	69,133	71,237	54,090	53,988	62,055	56,110	72,750	84,293
Book Value per Share	$11.48	$11.62	$11.82	$12.12	$12.21	$12.24	$12.31	$12.68	$13.01	$13.16	$13.57
Tangible Book Value per Share	$11.48	$11.62	$11.82	$12.12	$12.21	$12.24	$12.31	$12.68	$13.01	$13.16	$13.57
Total Capital	36,082	36,732	37,530	38,112	38,545	37,726	38,618	39,247	39,695	40,145	41,912
Total Debt	9,405	9,422	9,425	9,426	9,679	8,948	9,404	9,251	9,298	9,379	10,401
Total Long-Term Debt	9,370	8,656	8,656	8,658	8,910	8,907	8,909	8,913	8,915	8,913	9,901
Net Debt	2,963	3,456	3,183	3,123	3,562	4,137	4,559	4,531	4,750	5,325	6,384
Capital Expenditures (CapEx)	1,178	1,346	1,254	1,116	1,199	1,239	1,172	1,261	1,056	1,005	973
Debt-free, Cash-free Net Working Capital (DFCFNWC)	2,810	3,050	3,064	3,051	2,950	3,030	3,509	3,723	3,873	4,183	4,668
Debt-free Net Working Capital (DFNWC)	9,252	9,016	9,306	9,354	9,067	7,841	8,354	8,443	8,421	8,237	8,685
Net Working Capital (NWC)	9,217	8,250	8,537	8,586	8,298	7,800	7,859	8,105	8,038	7,771	8,185
Net Nonoperating Expense (NNE)	13	-171	-28	7.94	-26	0.74	5.35	20	39	32	64
Net Nonoperating Obligations (NNO)	3,180	3,674	3,400	3,341	3,780	4,356	4,776	4,749	4,968	5,544	6,601
Total Depreciation and Amortization (D&A)	533	762	595	509	600	537	466	668	625	485	514
Debt-free, Cash-free Net Working Capital to Revenue	12.37%	11.98%	11.61%	11.19%	10.45%	11.90%	0.00%	0.00%	14.90%	16.14%	17.67%
Debt-free Net Working Capital to Revenue	40.74%	35.42%	35.27%	34.30%	32.11%	30.80%	0.00%	0.00%	32.39%	31.78%	32.87%
Net Working Capital to Revenue	40.59%	32.41%	32.35%	31.48%	29.38%	30.64%	0.00%	0.00%	30.91%	29.99%	30.98%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$0.31	$0.00	$0.33	$0.42	$0.36	$0.00	$0.24	$0.53	$0.46	$0.00	$0.61
Adjusted Weighted Average Basic Shares Outstanding	1.44B	1.44B	1.44B	1.44B	1.44B	1.44B	1.44B	1.44B	1.44B	1.44B	1.44B
Adjusted Diluted Earnings per Share	$0.31	$0.00	$0.32	$0.42	$0.36	$0.00	$0.24	$0.53	$0.46	$0.00	$0.61
Adjusted Weighted Average Diluted Shares Outstanding	1.44B	1.45B	1.44B	1.45B	1.44B	1.45B	1.44B	1.44B	1.44B	1.44B	1.44B
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	1.43B	1.44B	1.44B	1.44B	1.44B	1.44B	1.44B	1.44B	1.44B	1.44B	1.44B
Normalized Net Operating Profit after Tax (NOPAT)	1,041	1,413	1,181	1,306	1,223	729	804	1,585	1,276	613	988
Normalized NOPAT Margin	17.88%	16.62%	18.68%	19.71%	18.01%	12.74%	14.04%	20.90%	18.30%	10.88%	15.85%
Pre Tax Income Margin	25.27%	30.91%	26.48%	30.65%	28.91%	21.68%	22.54%	31.54%	27.60%	13.60%	32.63%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	17.18	0.00	19.81	24.07	28.26	18.71	19.44	30.16	18.98	7.96	18.84
NOPAT to Interest Expense	10.74	0.00	12.74	14.64	16.81	10.31	11.41	19.11	12.02	5.43	12.73
EBIT Less CapEx to Interest Expense	4.23	0.00	5.72	11.39	11.61	1.01	2.70	14.78	9.11	-1.17	10.31
NOPAT Less CapEx to Interest Expense	-2.21	0.00	-1.35	1.95	0.16	-7.39	-5.34	3.74	2.15	-3.71	4.19
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	37.25%	61.33%	63.19%	62.10%	67.73%	61.33%	0.00%	0.00%	62.74%	51.52%	49.81%
Augmented Payout Ratio	37.25%	62.67%	63.19%	62.10%	69.94%	62.67%	0.00%	0.00%	65.23%	54.09%	52.87%

Financials Breakdown Chart

Key Financial Trends

Here are the key trends for Freeport-McMoRan (FCX) based on the last four years of quarterly statements (Q1 2022 through Q4 2025). The focus is on revenue, profitability, cash flow, liquidity, and leverage.

Strong operating cash flow in 2025: FCX generated solid cash from continuing operations across 2025 quarters, with net cash from continuing operating activities of roughly $2.20B (Q2 2025), $1.67B (Q3 2025), $1.06B (Q1 2025), and $0.69B (Q4 2025). This supports debt service, capex, and dividend payments.
Consistent earnings to common shareholders in 2025: Net income to common shareholders was positive in all four 2025 quarters, ranging from about $352M (Q1) to $772M (Q2), with per-share figures of roughly $0.24–$0.53.
Stable dividend policy: FCX continued paying a quarterly cash dividend of $0.15 per share, providing ongoing income to investors.
Healthy liquidity in 2025: Cash and equivalents were strong (example: about $4.32B in 2025 Q3), contributing to liquidity for operations, capex, and potential opportunistic financings.
Ongoing capital expenditure: Capex has been running at roughly $1.0B–$1.3B per quarter, reflecting continued investment in mine maintenance and development. This supports long-term production but can weigh near-term cash flow.
Stable leverage profile: Long-term debt has hovered around $8.9B–$9.1B across 2023–2025, indicating a relatively stable balance sheet and limited near-term debt volatility.
Commodity-driven margin variability: Gross margins have shown cyclical behavior (roughly 26–36% in many quarters), with a notable dip in some periods (e.g., Q4 2025 gross margin around 18%), underscoring sensitivity to copper prices and ore grades.
Year-end cash outflow in 2025: Net change in cash and equivalents for Q4 2025 was negative at about -$480M, driven by investing and financing activities.
Near-term free cash flow pressure in high-capex periods: In Q4 2025, CFO (~$693M) was not enough to cover capex (~$1.005B), indicating negative near-term free cash flow; a similar pattern was seen in some prior quarters (e.g., Q1 2025).
Margins can compress with weaker copper cycles: The notable margin contraction in Q4 2025 (gross margin around 18%) highlights the risk of profit pressure if copper prices stay weak.

05/19/26 09:00 PM ETAI Generated. May Contain Errors.

Freeport-McMoRan Financials - Frequently Asked Questions

According to the most recent income statement we have on file, Freeport-McMoRan's financial year ends in December. Their financial year 2025 ended on December 31, 2025.

Freeport-McMoRan's net income appears to be on an upward trend, with a most recent value of $4.15 billion in 2025, falling from -$12.09 billion in 2015. The previous period was $4.40 billion in 2024. See Freeport-McMoRan's forecast for analyst expectations on what's next for the company.

Freeport-McMoRan's total operating income in 2025 was $6.52 billion, based on the following breakdown:

Total Gross Profit: $7.30 billion
Total Operating Expenses: $779 million

Over the last 10 years, Freeport-McMoRan's total revenue changed from $14.61 billion in 2015 to $25.92 billion in 2025, a change of 77.4%.

Freeport-McMoRan's total liabilities were at $27.40 billion at the end of 2025, a 5.1% increase from 2024, and a 18.9% decrease since 2015.

In the past 10 years, Freeport-McMoRan's cash and equivalents has ranged from $177 million in 2015 to $8.15 billion in 2022, and is currently $3.82 billion as of their latest financial filing in 2025.

Over the last 10 years, Freeport-McMoRan's book value per share changed from 6.77 in 2015 to 13.16 in 2025, a change of 94.3%.

Related Companies

Financial statements for NYSE:FCX last updated on 5/13/2026 by MarketBeat.com Staff. New filings and market data are monitored continuously.

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Freeport-McMoRan (FCX) Financials

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Freeport-McMoRan (FCX) Financials

Annual Income Statements for Freeport-McMoRan

Quarterly Income Statements for Freeport-McMoRan

Annual Cash Flow Statements for Freeport-McMoRan

Quarterly Cash Flow Statements for Freeport-McMoRan

Annual Balance Sheets for Freeport-McMoRan

Quarterly Balance Sheets for Freeport-McMoRan

Annual Metrics And Ratios for Freeport-McMoRan

Quarterly Metrics And Ratios for Freeport-McMoRan

Financials Breakdown Chart

Key Financial Trends

Freeport-McMoRan Financials - Frequently Asked Questions

When does Freeport-McMoRan's fiscal year end?

How has Freeport-McMoRan's net income changed over the last 10 years?

What is Freeport-McMoRan's operating income?

How has Freeport-McMoRan's revenue changed over the last 10 years?

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How has Freeport-McMoRan's book value per share changed over the last 10 years?

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