Freeport-McMoRan Inc.
FCXShares moving on a stronger copper market—record-high prices and AI-driven demand are boosting outlook for major producers, while recent coverage touts Freeport as a safer way to play the metals supercycle.
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View AllFreeport-McMoRan Inc. is a prominent mining enterprise conducting extensive operations across North America, South America, and Indonesia. The company primarily focuses on the exploration and extraction of key mineral resources such as copper, gold, molybdenum, and silver, alongside other valuable metals. Additionally, it maintains a significant presence in the oil and gas sector. Its diverse portfolio of assets features the notable Grasberg minerals district in Indonesia; numerous sites in the United States including Morenci, Bagdad, Safford, Sierrita, and Miami in Arizona; Tyrone and Chino in New Mexico; and Henderson and Climax in Colorado. In South America, its holdings include Cerro Verde in Peru and El Abra in Chile. Beyond its mineral interests, Freeport-McMoRan operates a collection of oil and gas properties, predominantly situated off the coasts of California and in the Gulf of Mexico, managing approximately 135 wells as of December 31, 2021. Founded in 1987 and headquartered in Phoenix, Arizona, the company adopted its current name, Freeport-McMoRan Inc., in July 2014, having previously operated as Freeport-McMoRan Copper & Gold Inc.
| Metric | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $25.74B | $25.45B | $22.71B | $23.33B | $22.36B | $13.87B | $14.36B | $18.97B |
| Cost of Revenue | $18.80B | $17.95B | $15.83B | $15.24B | $14.07B | $11.47B | $13.17B | $13.23B |
| Gross Profit | $6.95B | $7.50B | $6.88B | $8.09B | $8.29B | $2.41B | $1.19B | $5.74B |
| Gross Margin | 26.98% | 29.48% | 30.30% | 34.68% | 37.07% | 17.34% | 8.28% | 30.27% |
| Operating Expenses | $655.00M | $639.00M | $798.00M | $541.00M | $474.00M | $513.00M | $519.00M | $532.00M |
| Operating Income | $6.29B | $6.86B | $6.08B | $7.55B | $7.81B | $1.89B | $669.00M | $5.21B |
| Operating Margin | 24.44% | 26.97% | 26.79% | 32.36% | 34.95% | 13.65% | 4.66% | 27.46% |
| Net Income | $2.76B | $1.88B | $1.84B | $3.46B | $4.30B | $596.00M | $-245.00M | $2.61B |
| Net Margin | 10.72% | 7.40% | 8.11% | 14.83% | 19.23% | 4.30% | -1.71% | 13.78% |
| EPS (Basic) | $1.51 | $1.31 | $1.28 | $2.40 | $2.93 | $0.41 | $-0.17 | $1.80 |
| EBITDA | N/A | $9.47B | $8.59B | $9.29B | $10.26B | $3.92B | $2.25B | $6.22B |
| Stock Option Compensation Expense | N/A | $109.00M | $109.00M | $95.00M | $98.00M | $99.00M | $63.00M | $76.00M |
| Price To Earnings Ratio | N/A | 29.22 | 33.14 | 15.82 | 14.23 | 63.43 | -77.70 | 5.72 |
| Price To Sales Ratio | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Shares Outstanding | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Market Capitalization | N/A | $55.03B | $61.05B | $54.76B | $61.18B | $37.81B | $19.04B | $14.94B |