FCX FREEPORT-MCMORAN INC
NYSEMaterialsMetal MiningPhoenix, AZFY ends December 31
FY2025 at a glance
Fundamentals from SEC filings, not quotes- Revenue
- $25.9BYoYup 1.81%ended Dec 31, 2025
- Net income
- —
- Diluted EPS
- —YoY—
- Free cash flow
- —
- Cash
- $3.82BNet debt $5.56B
- Total debt
- $9.38BD/E 0.5×
Overview
FREEPORT-MCMORAN INC (FCX) is listed on NYSE; the SEC classifies it under "Metal Mining".
For fiscal 2025 (ended Dec 31, 2025) it reported revenue of $25.92B, up 1.8% from fiscal 2024.
At fiscal year end it had total assets of $58.17B and stockholders' equity of $18.9B (32.5% of assets).
- Fiscal years shown
- FY2016–FY2025 (10 years)
- Latest 10-K
- Feb 13, 2026
- Latest filing
- 8-KOct 27, 2026
Charts
Revenue and net income
| Period | Revenue |
|---|---|
| FY2016 | $14.8B |
| FY2017 | $16.4B |
| FY2018 | $18.6B |
| FY2019 | $14.4B |
| FY2020 | $14.2B |
| FY2021 | $22.8B |
| FY2022 | $22.8B |
| FY2023 | $22.9B |
| FY2024 | $25.5B |
| FY2025 | $25.9B |
Gross, operating and net margin
| Period | Gross margin | Operating margin |
|---|---|---|
| FY2016 | -18.5% | -18.8% |
| FY2017 | 26.7% | 22.1% |
| FY2018 | 27.8% | 25.5% |
| FY2019 | 9.0% | 7.6% |
| FY2020 | 17.9% | 17.2% |
| FY2021 | 38.6% | 36.6% |
| FY2022 | 33.8% | 30.9% |
| FY2023 | 31.3% | 27.2% |
| FY2024 | 30.1% | 27.0% |
| FY2025 | 28.2% | 25.2% |
Diluted EPS
| Period | EPS (diluted) |
|---|---|
| FY2016 | — |
| FY2017 | $1.25 |
| FY2018 | $1.78 |
| FY2019 | -$0.17 |
| FY2020 | $0.41 |
| FY2021 | $2.90 |
| FY2022 | — |
| FY2023 | — |
| FY2024 | — |
| FY2025 | — |
Diluted shares
| Period | Diluted shares (weighted) |
|---|---|
| FY2016 | — |
| FY2017 | 1.45B |
| FY2018 | 1.46B |
| FY2019 | 1.45B |
| FY2020 | 1.46B |
| FY2021 | 1.48B |
| FY2022 | 1.45B |
| FY2023 | 1.44B |
| FY2024 | 1.45B |
| FY2025 | 1.44B |
Cash vs total debt
| Period | Cash & equivalents | Total debt |
|---|---|---|
| FY2016 | $4.25B | $14.8B |
| FY2017 | $4.45B | $11.7B |
| FY2018 | $4.22B | $11.1B |
| FY2019 | $2.02B | $9.83B |
| FY2020 | $3.66B | $9.71B |
| FY2021 | $8.07B | $9.45B |
| FY2022 | $8.15B | $10.6B |
| FY2023 | $4.76B | $9.42B |
| FY2024 | $3.92B | $8.95B |
| FY2025 | $3.82B | $9.38B |
Each bar is one fiscal year as reported in its 10-K; bars below the zero line are negative and gaps are years not reported. Per-share figures are as reported, not adjusted for stock splits; comparisons across a likely split are left blank.
Ratios
Profitability
- Gross margin
- 28.2%
- Operating margin
- 25.2%
Growth
| Metric | 1y | 3y CAGR | 5y CAGR | 9y CAGR |
|---|---|---|---|---|
| Revenue | up 1.81% | up 4.39% | up 12.79% | up 6.40% |
| EPS (diluted) | — | — | — | — |
| Free cash flow | — | — | — | — |
- Change in share count
- -0.14%
Financial strength
- Current ratio
- 2.29×
- Debt / equity
- 0.5×
- Liabilities / assets
- 47.1%
- Net debt
- $5.56B
- Equity / assets
- 32.5%
Shareholder returns
- Dividends per share
- $0.60
- Dividends paid
- $865M
- Buybacks
- $107M
- Stock comp. / revenue
- 0.5%
Quality screens
Piotroski F-Score
3 of 6 checks passed
FY2025 vs FY2024
Not enough comparable 10-K data: a score needs at least 7 of the 9 checks.
- —Not computablePositive return on assets—
- PassPositive operating cash flow$5.61B
- —Not computableReturn on assets improved—
- —Not computableOperating cash flow above net income10.2% vs —
- PassLong-term debt / assets fell15.3% vs 16.2%
- FailCurrent ratio improved2.29× vs 2.42×
- PassNo increase in share count1.44B vs 1.45B
- FailGross margin improved28.2% vs 30.1%
- FailAsset turnover improved0.47× vs 0.48×
Altman Z''-Score
FY2025
| Components | Ratio | Weight | Points |
|---|---|---|---|
| Working capital / assets | 0.134 | ×6.56 | 0.88 |
| Retained earnings / assets | 0.024 | ×3.26 | 0.08 |
| Operating income / assets | 0.112 | ×6.72 | 0.75 |
| Equity / liabilities | 0.690 | ×1.05 | 0.72 |
| Z'' | 2.43 | ||
Screening heuristic, not a recommendation. Per-share figures are as reported, not adjusted for stock splits; comparisons across a likely split are left blank.
Financial statements
USD millions, except per-share figures (USD). Share counts in millions.
Income statement
| Metric | FY2025Dec 31, 2025 | FY2024Dec 31, 2024 | FY2023Dec 31, 2023 | FY2022Dec 31, 2022 | FY2021Dec 31, 2021 | FY2020Dec 31, 2020 | FY2019Dec 31, 2019 | FY2018Dec 31, 2018 | FY2017Dec 31, 2017 | FY2016Dec 31, 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 25,915 | 25,455 | 22,855 | 22,780 | 22,845 | 14,198 | 14,402 | 18,628 | 16,403 | 14,830 |
| YoY (Revenue) | +1.81% | +11.38% | +0.33% | -0.28% | +60.90% | -1.42% | -22.69% | +13.56% | +10.61% | — |
| Gross profit | 7,297 | 7,660 | 7,160 | 7,691 | 8,815 | 2,543 | 1,297 | 5,183 | 4,381 | -2,750 |
| Selling, general & admin. | 545 | 513 | 479 | 420 | 383 | 370 | 414 | 443 | 484 | 607 |
| Operating income | 6,518 | 6,864 | 6,225 | 7,037 | 8,366 | 2,437 | 1,091 | 4,754 | 3,633 | -2,792 |
| Pretax income | 6,372 | 6,907 | 6,006 | 6,715 | 7,659 | 1,797 | 306 | 3,892 | 2,902 | -3,472 |
| Income tax | 2,221 | 2,523 | 2,270 | 2,267 | 2,299 | 944 | 510 | 991 | 883 | 371 |
| EPS (basic) | — | — | — | — | 2.93 | 0.41 | -0.17 | 1.79 | — | — |
| EPS (diluted) | — | — | — | — | 2.90 | 0.41 | -0.17 | 1.78 | 1.25 | — |
| YoY (EPS (diluted)) | — | — | — | — | +607.32% | — | -109.55% | +42.40% | — | — |
| Diluted shares (weighted) | 1,443 | 1,445 | 1,443 | 1,451 | 1,482 | 1,461 | 1,451 | 1,458 | 1,454 | — |
Balance sheet
| Metric | FY2025Dec 31, 2025 | FY2024Dec 31, 2024 | FY2023Dec 31, 2023 | FY2022Dec 31, 2022 | FY2021Dec 31, 2021 | FY2020Dec 31, 2020 | FY2019Dec 31, 2019 | FY2018Dec 31, 2018 | FY2017Dec 31, 2017 | FY2016Dec 31, 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & equivalents | 3,824 | 3,923 | 4,758 | 8,146 | 8,068 | 3,657 | 2,020 | 4,217 | 4,447 | 4,245 |
| Receivables | 977 | 578 | 1,209 | 1,336 | 1,168 | 892 | 741 | 829 | 1,246 | 1,126 |
| Current assets | 13,790 | 13,296 | 14,065 | 15,613 | 14,830 | 9,303 | 7,915 | 10,720 | 10,779 | 10,435 |
| Intangible assets | 432 | 428 | 422 | 416 | 412 | 401 | 402 | 398 | 306 | 305 |
| Total assets | 58,167 | 54,848 | 52,506 | 51,093 | 48,022 | 42,144 | 40,809 | 42,216 | 37,302 | 37,317 |
| Current liabilities | 6,019 | 5,496 | 5,815 | 6,345 | 5,892 | 3,417 | 3,209 | 3,329 | 5,038 | 4,265 |
| Short-term debt | 466 | 41 | 766 | 1,037 | 372 | 34 | 5 | 17 | — | — |
| Long-term debt | 8,913 | 8,907 | 8,656 | 9,583 | 9,078 | 9,677 | 9,821 | 11,124 | 11,703 | 14,795 |
| Total liabilities | 27,401 | 26,070 | 25,196 | 26,222 | 25,003 | 23,476 | 23,361 | 24,324 | 26,006 | 28,060 |
| Retained earnings | 1,385 | -170 | -2,059 | -3,907 | -7,375 | -11,681 | -12,280 | -12,041 | -14,722 | -16,540 |
| Stockholders' equity | 18,899 | 17,581 | 16,693 | 15,555 | 13,980 | 10,174 | 9,298 | 9,798 | 7,977 | 6,051 |
| Shares outstanding | 1,437 | 1,437 | 1,434 | 1,431 | 1,455 | 1,458 | 1,451 | 1,449 | 1,448 | 1,445 |
Cash flow
| Metric | FY2025Dec 31, 2025 | FY2024Dec 31, 2024 | FY2023Dec 31, 2023 | FY2022Dec 31, 2022 | FY2021Dec 31, 2021 | FY2020Dec 31, 2020 | FY2019Dec 31, 2019 | FY2018Dec 31, 2018 | FY2017Dec 31, 2017 | FY2016Dec 31, 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | 5,610 | 7,160 | 5,279 | 5,139 | 7,715 | 3,017 | 1,482 | 3,863 | 4,682 | 3,729 |
| Depreciation & amortization | 2,244 | 2,241 | 2,068 | 2,019 | 1,998 | 1,528 | 1,412 | 1,754 | 1,714 | 2,610 |
| Stock-based compensation | 121 | 109 | 109 | 95 | 98 | 99 | 63 | 76 | 71 | 86 |
| Share repurchases | 107 | 59 | 0 | 1,347 | 488 | — | — | — | — | — |
| Dividends paid | 865 | 865 | 863 | 866 | 331 | 73 | 208 | 496 | 176 | 699 |
| Dividends per share | 0.60 | 0.60 | 0.60 | 0.60 | 0.38 | 0.00 | 0.20 | 0.20 | 0.00 | 0.00 |
Key financials (annual, 10-K)
Values as reported in each fiscal year's Form 10-K (XBRL data on SEC EDGAR); growth and ratios are computed from those values. Revenue is the total revenue figure the company tagged (omitted when the only figure tagged is evidently partial, e.g. below net income); growth is only shown between consecutive ~12-month fiscal years reported with the same revenue measure. Per-share figures and share counts are as reported and not adjusted for later stock splits. — = not reported.
Filing timeline
- 8-KCurrent report· Oct 27, 2026(SEC EDGAR)
- 2.02Results of operations
- 7.01Regulation FD disclosure
- 9.01Financial statements and exhibits
- 8-KCurrent report· Oct 2, 2026(SEC EDGAR)
- 2.02Results of operations
- 7.01Regulation FD disclosure
- 9.01Financial statements and exhibits
- 8-KCurrent report· Sep 1, 2026(SEC EDGAR)
- 8.01Other events
- 10-QQuarterly report· Jun 30, 2026(SEC EDGAR)
- 8-KCurrent report· Jul 23, 2026(SEC EDGAR)
- 2.02Results of operations
- 7.01Regulation FD disclosure
- 9.01Financial statements and exhibits
- 8-KCurrent report· Jun 10, 2026(SEC EDGAR)
- 5.07Shareholder vote results
- 8-KCurrent report· May 14, 2026(SEC EDGAR)
- 1.01Material agreement
- 1.02Agreement terminated
- 2.03New financial obligation
- 9.01Financial statements and exhibits
- 10-QQuarterly report· Mar 31, 2026(SEC EDGAR)
- DEF 14AProxy statement· Jun 10, 2026(SEC EDGAR)
- 8-KCurrent report· Apr 23, 2026(SEC EDGAR)
- 2.02Results of operations
- 7.01Regulation FD disclosure
- 9.01Financial statements and exhibits
Peers (same SIC code)
| Ticker | Revenue (FY) | YoY | Net margin | ROE | F-Score | 5y revenue |
|---|---|---|---|---|---|---|
| FCXFREEPORT-MCMORAN INC (This company) | $25.9B | up 1.81% | — | — | — | |
| SCCOSOUTHERN COPPER CORP | $13.4B | up 17.38% | — | — | — | |
| BHPBHP Group Ltd | — | — | — | — | — | — |
| RTNTFRIO TINTO LTD | — | — | — | — | — | — |
| RIORIO TINTO PLC | — | — | — | — | — | — |
| Peer median | $13.4B | up 17.38% | — | — | — | — |
Companies with the same 4-digit SIC code, ordered by latest revenue. The median excludes this company. — = not reported or not computable.
Frequently asked questions
What does FREEPORT-MCMORAN INC do?
The SEC classifies FREEPORT-MCMORAN INC under Standard Industrial Classification (SIC) code 1000, "Metal Mining". It is headquartered in Phoenix, AZ. It is incorporated in DE. In fiscal 2025 it reported revenue of $25.92B in its annual 10-K report.
What was FREEPORT-MCMORAN INC's revenue in 2025?
FREEPORT-MCMORAN INC reported revenue of $25.92B for fiscal 2025, which ended Dec 31, 2025, up 1.8% from $25.46B in fiscal 2024, according to its annual 10-K report filed with the SEC on Feb 13, 2026.
Where is FREEPORT-MCMORAN INC listed?
According to the SEC, FREEPORT-MCMORAN INC's ticker FCX is listed on NYSE.
When does FREEPORT-MCMORAN INC's fiscal year end?
According to the SEC, FREEPORT-MCMORAN INC's fiscal year ends on December 31; its latest reported fiscal year (2025) ended Dec 31, 2025.
Source: SEC EDGAR · Last updated:
Ver en españolNot investment advice: This page shows financial data that companies reported to the US Securities and Exchange Commission, for information only. It is not investment advice or a recommendation to buy or sell any security, and it shows no stock prices. Data may be incomplete, restated or out of date — check the original filings on SEC EDGAR before making decisions.