Freeport-Mcmoran Inc. (FCX) financials — revenue, cash, debt and margins

Key figures

Trailing twelve months where a flow is involved, latest reported balance where it is not.

Valuation

Market cap: $101.6B
P/E (TTM): 26.91
Price / sales: 3.93
EV / EBITDA: 11.79
Price / book: 5.05

Cash flow

FCF yield: 1.7%
SBC-adjusted FCF yield: 1.6%
SBC impact: 8.6%
Stock compensation (TTM): $150M

Margins & growth

Profit margin: 16.2%
Operating margin: 26.7%
Quarterly revenue (year on year): -7.3%
Quarterly earnings (year on year): 27.5%

Balance sheet

Cash & investments: $4.1B
Debt: $9.4B
Net cash / (debt): -$5.3B

Where the revenue comes from

Grasberg is 33% of revenue.

By business segment

Year to Dec 31, 2025 · $26B

Grasberg33%
$8.6B-16.4% vs. a year earlier
Rod and Refining26%
$6.9B+10.4% vs. a year earlier
Cerro Verde18%
$4.7B+10.6% vs. a year earlier
Atlantic Copper Smelting and Refining12%
$3.2B+5.0% vs. a year earlier
Morenci10%
$2.6B+12.8% vs. a year earlier

By region

Year to Dec 31, 2025 · $25.9B

United States35%
$9B+15.7% vs. a year earlier
Switzerland21%
$5.3B+25.5% vs. a year earlier
Japan11%
$2.9B-51.9% vs. a year earlier
Indonesia8%
$2.2B+96.8% vs. a year earlier
Singapore5%
$1.2B+11.6% vs. a year earlier
United Kingdom4%
$1.1B+887.8% vs. a year earlier
Others Individually Immaterial Countries4%
$1B-3.8% vs. a year earlier
Spain3%
$723M-31.3% vs. a year earlier
China2%
$636M-14.4% vs. a year earlier
Chile2%
$471M+4.4% vs. a year earlier
Germany1%
$332M-33.6% vs. a year earlier
France1%
$315M+2.9% vs. a year earlier
Egypt1%
$261M+9.2% vs. a year earlier
South Korea1%
$193M-4.9% vs. a year earlier
India1%
$163M-40.3% vs. a year earlier
Philippines0.01%
$3M-98.9% vs. a year earlier

By customer

Year to Dec 31, 2025 · $26B

Unaffiliated Customers87%
$22.7B0.0% vs. a year earlier
Intersegment Customers13%
$3.3B-4.2% vs. a year earlier

What it owns and what it owes

Both on one scale, because both are money — the bar that is taller is the one that matters.

Cash and debt

Cash & InvestmentsTotal Debt

Cash counts short-term investments, not just the bank balance — technology companies park most of it in marketable securities, and leaving those out understates it several times over. Debt includes lease obligations.

Where the money goes

Cost of RevenueR&D ExpenseSG&A Expense

Only the three costs filers report consistently. Anything a company does not break out sits outside these bands, so the stack is not the whole cost base.

The rest of the series

Not on the overview because five charts is as much as one decision needs — but here in full, on one period switch. Each bar sums the four quarters ending there — a full year, brought up to today.

Total Revenue

$25.89BQ2 2026-2.1%

1Y: -0.35%2Y: +4.75%5Y: +36.66%

Everything the company sold, before any costs. Each bar sums the four quarters ending there — a full year, brought up to today.

EBITDA

$9.07BQ2 2026-6.0%

1Y: -1.27%2Y: -0.58%5Y: +14.53%

Operating profit before depreciation and amortisation — approximated from operating income, because no depreciation tag is reported consistently enough across filers to do better. Treat it as indicative. Each bar sums the four quarters ending there — a full year, brought up to today.

Profit

$4.18BQ2 2026+5.3%16.2% of revenue

1Y: +18.77%2Y: -5.21%5Y: +17.04%

What was left after every cost, including tax. Each bar sums the four quarters ending there — a full year, brought up to today.

Profit margin

16.2%Q2 2026+7.6%

How much of every dollar of sales the company keeps as profit. A grocer keeps a few cents; a software company can keep half. Each point covers the four quarters ending there — a full year, brought up to today.

Free Cash Flow

$1.75BQ1 2026+57.0%

1Y: +9.77%2Y: +50.00%5Y: -27.27%

Cash left over after running and maintaining the business. Each bar sums the four quarters ending there — a full year, brought up to today.

Profit per share

$2.63Q3 2022-20.1%

1Y: -0.38%2Y: +3,022.22%5Y: +220.73%

The same profit, split across every share. If this lags the profit chart above, the company is issuing shares and your slice is getting smaller. Restated onto today’s share count, so stock splits do not show as jumps. Each bar sums the four quarters ending there — a full year, brought up to today.

Shares outstanding

1.44BQ2 20260.0%

How many shares the profit is divided across. Rising is dilution; falling is the company buying itself back. Restated onto today’s basis, so splits do not show as jumps. Each point covers the four quarters ending there — a full year, brought up to today.

Price to earnings

7.9xQ3 2022-4.8%

7.9x today · median 13.7x and range 4.4x–46.0x across the points shown, Q2 2017 to Q3 2022 The break in the line covers 6 periods with no meaningful multiple — a loss, or earnings so small the ratio says more about the denominator than the price.

Paid per unit of yearly profit. Periods with a loss, or profits too small for the ratio to mean anything, are left out — the line breaks rather than drawing through them. Each point covers the four quarters ending there — a full year, brought up to today.

Dividends paid

$866MQ2 2026+0.1%

1Y: +0.12%2Y: +0.23%5Y: +680.18%

Cash handed to shareholders. A flat line at zero means the company pays none. Each bar sums the four quarters ending there — a full year, brought up to today.

About Freeport-Mcmoran Inc.

Ticker: FCX
SEC classification: Metal Mining (1000)
Listed on: NYSE
Incorporated in: DE
Financial year ends: December 31
Filer size: Large accelerated filer

About this data

Everything above comes from Freeport-Mcmoran Inc.’s own filings with the SEC, as reported. No estimates, no analyst figures, nothing adjusted.

Splits applied: 2:1 on Jun 30, 2011. Per-share history is restated onto today’s basis, so a split does not appear as a cliff.

Not reported by this filer: Gross Profit, R&D Expense, Interest Income, Non-interest Income, Non-interest Expense, Provision for Credit Losses, Loans, Short-term Investments, Short-term Borrowings, Borrowings (total), Finance Lease (current), Finance Lease Liabilities (total), Finance Lease (noncurrent), Depreciation, and Amortization of Intangibles. Companies choose which XBRL tags to use, and anything untagged cannot be recovered — so these are blank rather than guessed.