Freeport-McMoRan Financial Statements
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Market open · Delayed 15 min · as of Oct 9, 12:43 PM ET
Freeport-McMoRan revenue and earnings
In fiscal 2025, Freeport-McMoRan generated $25.91 billion in revenue, up 1.8% from fiscal 2023, its 3rd consecutive year of revenue growth. Net income was $4.15 billion (-5.6% year over year), for a net margin of 16.0% versus a median of 17.3% in the prior 5 years. Gross margin was 28.2% (down from 30.1%) and operating margin 25.2%.
Diluted earnings per share came in at $1.52, up from $1.30. Over the last 5 fiscal years, FCX's revenue has grown at a 12.8% compound annual rate.
Summary generated from market data by MetaCap's automated system. Methodology
Freeport-McMoRan income statement (annual)
| Fiscal year (USD) | FY 20252025-12-31 | FY 20232024-12-31 | FY 20232023-12-31 | FY 20222022-12-31 | FY 20212021-12-31 | FY 20202020-12-31 | FY 20192019-12-31 | FY 20182018-12-31 | FY 20172017-12-31 | FY 20162016-12-31 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 25.91B | 25.45B | 22.86B | 22.78B | 22.84B | 14.20B | 14.40B | 18.63B | 16.40B | 14.83B |
| Revenue growth (YoY) | +1.81% | +11.38% | +0.33% | -0.28% | +60.90% | -1.42% | -22.69% | +13.56% | +10.61% | +1.53% |
| Cost of Revenue | 18.62B | 17.80B | 15.70B | 15.09B | 14.03B | 11.65B | 13.13B | 13.47B | 11.98B | 17.53B |
| Gross Profit | 7.30B | 7.66B | 7.16B | 7.69B | 8.81B | 2.54B | 1.28B | 5.16B | 4.42B | -2.70B |
| Operating Expenses | 779.00M | 796.00M | 935.00M | 654.00M | 449.00M | 106.00M | 186.00M | 408.00M | 733.00M | 25.00M |
| Selling, General & Admin | 545.00M | 513.00M | 479.00M | 420.00M | 383.00M | 370.00M | 394.00M | 422.00M | 477.00M | 597.00M |
| Operating Income | 6.52B | 6.86B | 6.22B | 7.04B | 8.37B | 2.44B | 1.09B | 4.75B | 3.69B | -2.73B |
| Other Income (Expense) | 223.00M | 362.00M | 286.00M | 207.00M | -105.00M | 59.00M | -138.00M | 76.00M | 49.00M | 49.00M |
| Pretax Income | 6.37B | 6.91B | 6.01B | 6.71B | 7.66B | 1.80B | 306.00M | 3.89B | 2.90B | -3.47B |
| Income Tax | 2.22B | 2.52B | 2.27B | 2.27B | 2.30B | 944.00M | 510.00M | 991.00M | 883.00M | 371.00M |
| Net Income | 4.15B | 4.40B | 3.75B | 4.48B | 5.37B | 865.00M | -189.00M | 2.89B | 2.10B | -4.03B |
| Net Income growth (YoY) | -5.61% | +17.28% | -16.25% | -16.51% | +520.23% | — | -106.53% | +38.14% | — | — |
| EPS (Basic) | 1.53 | 1.31 | 1.28 | 2.40 | 2.93 | 0.41 | -0.17 | 1.79 | 1.25 | -3.16 |
| EPS (Diluted) | 1.52 | 1.30 | 1.28 | 2.39 | 2.90 | 0.41 | -0.17 | 1.78 | 1.25 | -3.16 |
| Shares Outstanding (Basic) | 1.44B | 1.44B | 1.43B | 1.44B | 1.47B | 1.45B | 1.45B | 1.45B | 1.45B | 1.32B |
| Shares Outstanding (Diluted) | 1.44B | 1.45B | 1.44B | 1.45B | 1.48B | 1.46B | 1.45B | 1.46B | 1.45B | 1.32B |
| EBITDA | 8.76B | 9.11B | 8.29B | 9.06B | 10.36B | 3.96B | 2.50B | 6.51B | 5.40B | -119.00M |
| Gross Margin | 28.16% | 30.09% | 31.33% | 33.76% | 38.59% | 17.91% | 8.87% | 27.71% | 26.96% | -18.23% |
| Operating Margin | 25.15% | 26.97% | 27.24% | 30.89% | 36.62% | 17.16% | 7.58% | 25.52% | 22.50% | -18.40% |
| Net Margin | 16.02% | 17.28% | 16.41% | 19.66% | 23.48% | 6.09% | -131.00% | 15.54% | 12.77% | -27.14% |
This table shows 10 annual periods of Freeport-McMoRan's income statement, from FY 2025 back to FY 2016, across 19 line items including revenue, cost of revenue, gross profit. Values in USD; B = billions, M = millions. Fiscal periods follow FCX's reporting calendar. What is a income statement?