Freeport-McMoRan income statement
In fiscal 2025, Freeport-McMoRan reported revenue of $25.91bn, up 1.8% on the year before, operating income of $6.52bn (a 25.2% margin) and net income of $2.20bn. Every line below comes from the company's 10-K and 10-Q filings; column headings link to the filing.
Income statement
| Fiscal year | 2011Dec 2011 | 2012Dec 2012 | 2013Dec 2013 | 2014Dec 2014 | 2015Dec 2015 | 2016Dec 2016 | 2017Dec 2017 | 2018Dec 2018 | 2019Dec 2019 | 2020Dec 2020 | 2021Dec 2021 | 2022Dec 2022 | 2023Dec 2023 | 2024Dec 2024 | 2025Dec 2025 | LTMJun 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 20.9 | 18.0 | 20.9 | 20.0 | 14.6 | 14.8 | 16.4 | 18.6 | 14.4 | 14.2 | 22.8 | 22.8 | 22.9 | 25.5 | 25.9 | 25.9 |
| Cost of revenue | — | — | — | 18.5 | 27.4 | 17.5 | 12.0 | 13.5 | 13.1 | 11.7 | 14.0 | 15.1 | 15.7 | 17.8 | 18.6 | 18.9 |
| Gross profit | — | — | — | 1.5 | −12.8 | −2.7 | 4.4 | 5.2 | 1.3 | 2.5 | 8.8 | 7.7 | 7.2 | 7.7 | 7.3 | 7.0 |
| Selling, general and administrative | 0.4 | 0.4 | 0.7 | 0.6 | 0.6 | 0.6 | 0.5 | 0.4 | 0.4 | 0.4 | 0.4 | 0.4 | 0.5 | 0.5 | 0.5 | 0.6 |
| Operating income | 9.1 | 5.8 | 5.4 | −0.3 | −13.5 | −2.7 | 3.7 | 4.8 | 1.1 | 2.4 | 8.4 | 7.0 | 6.2 | 6.9 | 6.5 | 6.9 |
| Interest expense | 0.3 | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Net interest income | — | — | — | −0.6 | −0.6 | −0.8 | −0.8 | −0.9 | −0.6 | −0.6 | −0.6 | −0.6 | −0.5 | −0.3 | −0.4 | −0.4 |
| Income before tax | 8.8 | 5.5 | 4.9 | −0.8 | −14.1 | −3.5 | 2.9 | 3.9 | 0.3 | 1.8 | 7.7 | 6.7 | 6.0 | 6.9 | 6.4 | 6.7 |
| Income tax | 3.1 | 1.5 | 1.5 | 0.2 | −2.0 | 0.4 | 0.9 | 1.0 | 0.5 | 0.9 | 2.3 | 2.3 | 2.3 | 2.5 | 2.2 | 2.1 |
| Net income | 4.6 | 3.0 | 2.7 | −1.3 | −12.2 | −4.2 | 1.8 | 2.6 | −0.2 | 0.6 | 4.3 | 3.5 | 1.8 | 1.9 | 2.2 | 2.9 |
| Diluted EPS | $4.78 | $3.19 | $2.64 | −$1.26 | −$11.31 | −$3.16 | $1.25 | $1.78 | −$0.17 | $0.41 | $2.90 | — | — | — | — | $2.04 |
| Diluted shares (average) | 955m | 954m | 1,006m | 1,039m | 1,082m | 1,318m | 1,454m | 1,458m | 1,451m | 1,461m | 1,482m | 1,451m | 1,443m | 1,445m | 1,443m | 1,443m |
| EBITDA | — | — | — | 3.6 | −10.0 | −0.1 | 5.4 | 6.5 | 2.5 | 4.0 | 10.4 | 9.1 | 8.3 | 9.1 | 8.8 | 9.1 |
| Quarter | 2024 Q3Sept 2024 | 2024 Q4Dec 2024 | 2025 Q1Mar 2025 | 2025 Q2Jun 2025 | 2025 Q3Sept 2025 | 2025 Q4Dec 2025 | 2026 Q1Mar 2026 | 2026 Q2Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 6,790 | 5,720 | 5,728 | 7,582 | 6,972 | 5,633 | 6,234 | 7,029 |
| Cost of revenue | 4,677 | 4,295 | 4,222 | 4,950 | 4,830 | 4,616 | 4,579 | 4,843 |
| Gross profit | 2,113 | 1,425 | 1,506 | 2,632 | 2,142 | 1,017 | 1,655 | 2,186 |
| Selling, general and administrative | 117 | 129 | 154 | 127 | 131 | 133 | 162 | 135 |
| Operating income | 1,938 | 1,243 | 1,303 | 2,432 | 1,972 | 811 | 2,137 | 2,003 |
| Net interest income | −72 | −70 | −70 | −82 | −107 | −110 | −114 | −95 |
| Income before tax | 1,963 | 1,240 | 1,291 | 2,391 | 1,924 | 766 | 2,034 | 1,930 |
| Income tax | 737 | 520 | 500 | 850 | 669 | 202 | 653 | 544 |
| Net income | 526 | 274 | 352 | 772 | 674 | 406 | 881 | 984 |
| Diluted EPS | $0.36 | — | $0.24 | $0.53 | $0.46 | — | $0.61 | $0.68 |
| EBITDA | 2,538 | 1,780 | 1,769 | 3,100 | 2,597 | 1,296 | 2,651 | 2,526 |
Compare with peers
- Southern Copper Corp/ income statement
- Hudbay Minerals Inc. income statement
- Ero Copper Corp. income statement
Head to head: FCX vs SCCOFCX vs HBMERO vs FCX
More: Copper stocks compared, Materials sector, rankings of US companies