Freeport-Mcmoran Inc (FCX) reported $25.9B in revenue for fiscal year 2025, up 1.8% from the prior fiscal year. This page shows its income statement, balance sheet, cash flow statement, and key financial ratios. View 15 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).
Capital spending absorbs operating cash, making reinvestment—not revenue growth—the dominant business mechanic.
In FY2025, net income recovered to$2.2B while operating cash flow weakened and free cash flow fell to$1.1B ; the divergence says the accounting recovery was not fully translating into cash available after reinvestment. That makes cash conversion, rather than reported earnings alone, the more informative measure of current performance.
Free-cash-flow margin fell to
The balance sheet is becoming less debt-dependent: debt-to-equity fell from 0.6x in FY2022 to 0.5x in FY2025, indicating that asset growth has not required a matching increase in shareholder leverage. A 2.3x current ratio in FY2025 remains substantial, though it has narrowed from 2.5x in FY2021 as obligations and reinvestment demands expanded.
Financial Health Signals
Scored against operating companies for FY2025. Each of the six dimensions is a percentile rank within that peer group; the overall is their average, with missing dimensions counted as zero out of six. A high score means strong standing among peers, not absolute cross-industry strength. How this score is calculated →
Health score ≠ stock price. This rates the quality of Freeport-Mcmoran Inc's business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.
Freeport-Mcmoran Inc has an operating margin of 25.1%, meaning the company retains $25 of operating profit per $100 of revenue. This strong profitability earns a score of 91/100, reflecting efficient cost management and pricing power. This is down from 27.0% the prior year.
Freeport-Mcmoran Inc's revenue grew a modest 1.8% year-over-year to $25.9B. This slow but positive growth earns a score of 56/100.
Freeport-Mcmoran Inc has a moderate D/E ratio of 0.47. This balance of debt and equity financing earns a leverage score of 56/100.
With a current ratio of 2.29, Freeport-Mcmoran Inc holds $2.29 in current assets for every $1 of short-term obligations. This comfortable liquidity earns a score of 65/100.
Freeport-Mcmoran Inc has a free cash flow margin of 4.3%, earning a moderate score of 49/100. The company generates positive cash flow after capital investments, but with room for improvement.
Freeport-Mcmoran Inc earns a strong 11.7% return on equity (ROE), meaning it generates $12 of profit for every $100 of shareholders' equity. This efficient capital use earns a returns score of 79/100. This is up from 10.7% the prior year.
Freeport-Mcmoran Inc scores 2.69, placing it in the grey zone between 1.81 and 2.99. The score is driven primarily by a large market capitalization ($109.8B) relative to total liabilities ($39.3B). This signals moderate financial risk that warrants monitoring.
Distress-screening estimate for non-financial companies. Not computed for banks or insurers, where the Altman model does not apply.
Freeport-Mcmoran Inc passes 5 of 8 computable financial strength tests (1 of the nine could not be computed from available data). All 4 profitability signals pass (positive income, cash flow, and earnings quality), 1 of 3 leverage/liquidity signals pass, neither operating efficiency signal passes.
For every $1 of reported earnings, Freeport-Mcmoran Inc generates $2.55 in operating cash flow ($5.6B OCF vs $2.2B net income). This indicates profits are well-supported by actual cash generation, not accounting adjustments.
Freeport-Mcmoran Inc earns $17.66 in operating income for every $1 of interest expense ($6.5B vs $369.0M). This wide margin provides strong safety for debt servicing, even if earnings decline temporarily.
Key Financial Metrics
Earnings & Revenue
Freeport-Mcmoran Inc generated $25.9B in revenue in fiscal year 2025. This represents an increase of 1.8% from the prior year.
Freeport-Mcmoran Inc's EBITDA was $8.8B in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization. This represents a decrease of 3.8% from the prior year.
Freeport-Mcmoran Inc reported $2.2B in net income in fiscal year 2025. This represents an increase of 16.7% from the prior year.
Freeport-Mcmoran Inc earned $1.52 per diluted share (EPS) in fiscal year 2025. This represents an increase of 16.9% from the prior year.
Cash & Balance Sheet
Freeport-Mcmoran Inc generated $1.1B in free cash flow in fiscal year 2025, representing cash available after capex. This represents a decrease of 52.6% from the prior year.
Freeport-Mcmoran Inc held $3.8B in cash against $8.9B in long-term debt as of fiscal year 2025.
Freeport-Mcmoran Inc paid $0.60 per share in dividends in fiscal year 2025. That is unchanged from the prior year.
Margins & Returns
Freeport-Mcmoran Inc's operating margin was 25.1% in fiscal year 2025, reflecting core business profitability. This is down 1.8 percentage points from the prior year.
Freeport-Mcmoran Inc's net profit margin was 8.5% in fiscal year 2025, showing the share of revenue converted to profit. This is up 1.1 percentage points from the prior year.
Freeport-Mcmoran Inc's ROE was 11.7% in fiscal year 2025, measuring profit generated per dollar of shareholder equity. This is up 0.9 percentage points from the prior year.
Not reported for fiscal year 2025.
Capital Allocation
Freeport-Mcmoran Inc spent $107.0M on share buybacks in fiscal year 2025, returning capital to shareholders by reducing shares outstanding. This represents an increase of 81.4% from the prior year.
Freeport-Mcmoran Inc invested $4.5B in capex in fiscal year 2025, funding long-term assets and infrastructure. This represents a decrease of 6.5% from the prior year.
Not reported for fiscal year 2025.
FCX Income Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.
| Metric | Q2'26 | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $7.0B+12.8% | $6.2B+10.7% | $5.6B-19.2% | $7.0B-8.0% | $7.6B+32.4% | $5.7B+0.1% | $5.7B-15.8% | $6.8B |
| Cost of Revenue | $4.8B+5.8% | $4.6B-0.8% | $4.6B-4.4% | $4.8B-2.4% | $5.0B+17.2% | $4.2B-1.7% | $4.3B-8.2% | $4.7B |
| SG&A Expenses | $135.0M-16.7% | $162.0M+21.8% | $133.0M+1.5% | $131.0M+3.1% | $127.0M-17.5% | $154.0M+19.4% | $129.0M+10.3% | $117.0M |
| Operating Income | $2.0B-6.3% | $2.1B+163.5% | $811.0M-58.9% | $2.0B-18.9% | $2.4B+86.6% | $1.3B+4.8% | $1.2B-35.9% | $1.9B |
| Interest Expense | -$95.0M+16.7% | -$114.0M-3.6% | -$110.0M-2.8% | -$107.0M-30.5% | -$82.0M-17.1% | -$70.0M0.0% | -$70.0M+2.8% | -$72.0M |
| Income Tax | $544.0M-16.7% | $653.0M+223.3% | $202.0M-69.8% | $669.0M-21.3% | $850.0M+70.0% | $500.0M-3.8% | $520.0M-29.4% | $737.0M |
| Net Income | $984.0M-29.1% | $1.4B+328.1% | -$608.0M-148.8% | $1.2B+61.5% | $772.0M-2.6% | $793.0M+144.3% | -$1.8B-244.7% | $1.2B |
| EPS (Diluted) | $0.68 | $0.61 | N/A | $0.46 | $0.53 | $0.24 | N/A | $0.36 |
Not reported in any period shown, so not listed: Gross Profit, R&D Expenses.
FCX Balance Sheet
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.
| Metric | Q2'26 | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $59.7B+1.5% | $58.8B+1.2% | $58.2B+2.4% | $56.8B+0.6% | $56.5B+0.8% | $56.0B+2.1% | $54.8B-1.0% | $55.4B |
| Current Assets | $14.2B+0.5% | $14.1B+2.2% | $13.8B+1.7% | $13.6B-0.5% | $13.6B-1.2% | $13.8B+3.8% | $13.3B-8.6% | $14.5B |
| Cash & Equivalents | $4.1B+9.2% | $3.7B-2.3% | $3.8B-11.4% | $4.3B-3.8% | $4.5B+2.4% | $4.4B+11.8% | $3.9B-21.5% | $5.0B |
| Accounts Receivable | $716.0M+5.1% | $681.0M-30.3% | $977.0M+6.7% | $916.0M-2.7% | $941.0M+26.6% | $743.0M+28.5% | $578.0M-41.0% | $979.0M |
| Total Liabilities | $39.6B+0.7% | $39.3B+0.2% | $39.3B+2.9% | $38.1B-0.4% | $38.3B-0.1% | $38.3B+2.9% | $37.3B-1.5% | $37.9B |
| Current Liabilities | $6.9B+16.1% | $5.9B-1.9% | $6.0B+8.9% | $5.5B-0.1% | $5.5B-6.9% | $5.9B+8.1% | $5.5B-12.0% | $6.2B |
| Long-Term Debt | $8.2B-8.4% | $8.9B0.0% | $8.9B0.0% | $8.9B0.0% | $8.9B0.0% | $8.9B0.0% | $8.9B0.0% | $8.9B |
| Total Equity | $20.1B+3.1% | $19.5B+3.2% | $18.9B+1.1% | $18.7B+2.6% | $18.2B+2.9% | $17.7B+0.6% | $17.6B+0.2% | $17.5B |
| Retained Earnings | $2.8B+37.4% | $2.0B+48.0% | $1.4B+15.8% | $1.2B+62.1% | $738.0M+305.5% | $182.0M+207.1% | -$170.0M+61.7% | -$444.0M |
Not reported in any period shown, so not listed: Inventory, Goodwill.
FCX Cash Flow Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.
| Metric | Q2'26 | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $2.0B+37.0% | $1.5B+115.7% | $693.0M-58.4% | $1.7B-24.2% | $2.2B+107.5% | $1.1B-26.3% | $1.4B-23.3% | $1.9B |
| Capital Expenditures | N/A | $973.0M-3.2% | $1.0B-4.8% | $1.1B-16.3% | $1.3B+7.6% | $1.2B-5.4% | $1.2B+3.3% | $1.2B |
| Free Cash Flow | N/A | $522.0M+267.3% | -$312.0M-151.3% | $608.0M-34.9% | $934.0M+919.3% | -$114.0M-157.9% | $197.0M-70.7% | $673.0M |
| Investing Cash Flow | -$1.2B-21.0% | -$985.0M+4.4% | -$1.0B-2.0% | -$1.0B+19.6% | -$1.3B-6.8% | -$1.2B+4.5% | -$1.2B+12.8% | -$1.4B |
| Financing Cash Flow | -$514.0M+3.7% | -$534.0M-273.4% | -$143.0M+82.7% | -$825.0M+22.4% | -$1.1B-785.8% | $155.0M+110.3% | -$1.5B-133.7% | -$646.0M |
| Dividends Paid | $216.0M-0.9% | $218.0M+0.9% | $216.0M0.0% | $216.0M+0.5% | $215.0M-1.4% | $218.0M+0.9% | $216.0M-73.0% | $800.0M |
| Share Buybacks | $110.0M+18.3% | $93.0M | $0 | $0-100.0% | $52.0M-5.5% | $55.0M | $0-100.0% | $59.0M |
FCX Financial Ratios
Margins and returns are percentages; the remaining ratios are unitless multiples.
| Metric | Q2'26 | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 |
|---|---|---|---|---|---|---|---|---|
| Operating Margin | 28.5%-5.8pp | 34.3%+19.9pp | 14.4%-13.9pp | 28.3%-3.8pp | 32.1%+9.3pp | 22.8%+1.0pp | 21.7%-6.8pp | 28.5% |
| Net Margin | 14.0%-8.2pp | 22.3%+33.0pp | -10.8%-28.7pp | 17.9%+7.7pp | 10.2%-3.7pp | 13.8%+45.1pp | -31.3%-49.5pp | 18.2% |
| Return on Equity | 4.9%-2.2pp | 7.1%+10.3pp | -3.2%-9.9pp | 6.7%+2.4pp | 4.2%-0.2pp | 4.5%+14.7pp | -10.2%-17.2pp | 7.0% |
| Return on Assets | 1.7%-0.7pp | 2.4%+3.4pp | -1.1%-3.2pp | 2.2%+0.8pp | 1.4%-0.1pp | 1.4%+4.7pp | -3.3%-5.5pp | 2.2% |
| Current Ratio | 2.07-0.3x | 2.39+0.1x | 2.29-0.2x | 2.450.0x | 2.47+0.1x | 2.32-0.1x | 2.42+0.1x | 2.33 |
| Debt-to-Equity | 0.41-0.1x | 0.460.0x | 0.470.0x | 0.480.0x | 0.490.0x | 0.500.0x | 0.510.0x | 0.51 |
| FCF Margin | N/A | 8.4%+13.9pp | -5.5%-14.3pp | 8.7%-3.6pp | 12.3%+14.3pp | -2.0%-5.4pp | 3.4%-6.5pp | 9.9% |
Not reported in any period shown, so not listed: Gross Margin.
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Where Freeport-Mcmoran Inc Ranks
Frequently Asked Questions
What is Freeport-Mcmoran Inc's annual revenue?
Freeport-Mcmoran Inc (FCX) reported $25.9B in total revenue for fiscal year 2025. This represents a 1.8% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.
How fast is Freeport-Mcmoran Inc's revenue growing?
Freeport-Mcmoran Inc (FCX) revenue grew by 1.8% year-over-year, from $25.5B to $25.9B in fiscal year 2025.
Is Freeport-Mcmoran Inc profitable?
Yes, Freeport-Mcmoran Inc (FCX) reported a net income of $2.2B in fiscal year 2025, with a net profit margin of 8.5%.
What is Freeport-Mcmoran Inc's EBITDA?
Freeport-Mcmoran Inc (FCX) had EBITDA of $8.8B in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.
How much debt does Freeport-Mcmoran Inc have?
As of fiscal year 2025, Freeport-Mcmoran Inc (FCX) had $3.8B in cash and equivalents against $8.9B in long-term debt.
What is Freeport-Mcmoran Inc's operating margin?
Freeport-Mcmoran Inc (FCX) had an operating margin of 25.1% in fiscal year 2025, reflecting the profitability of core business operations before interest and taxes.
What is Freeport-Mcmoran Inc's net profit margin?
Freeport-Mcmoran Inc (FCX) had a net profit margin of 8.5% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.
Does Freeport-Mcmoran Inc pay dividends?
Yes, Freeport-Mcmoran Inc (FCX) paid $0.60 per share in dividends during fiscal year 2025.
What is Freeport-Mcmoran Inc's return on equity (ROE)?
Freeport-Mcmoran Inc (FCX) has a return on equity of 11.7% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.
What is Freeport-Mcmoran Inc's free cash flow?
Freeport-Mcmoran Inc (FCX) generated $1.1B in free cash flow during fiscal year 2025. This represents a -52.6% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.
What is Freeport-Mcmoran Inc's operating cash flow?
Freeport-Mcmoran Inc (FCX) generated $5.6B in operating cash flow during fiscal year 2025, representing cash generated from core business activities.
What are Freeport-Mcmoran Inc's total assets?
Freeport-Mcmoran Inc (FCX) had $58.2B in total assets as of fiscal year 2025, including both current and long-term assets.
What are Freeport-Mcmoran Inc's capital expenditures?
Freeport-Mcmoran Inc (FCX) invested $4.5B in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.
What is Freeport-Mcmoran Inc's current ratio?
Freeport-Mcmoran Inc (FCX) had a current ratio of 2.29 as of fiscal year 2025, which is generally considered healthy.
What is Freeport-Mcmoran Inc's debt-to-equity ratio?
Freeport-Mcmoran Inc (FCX) had a debt-to-equity ratio of 0.47 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is Freeport-Mcmoran Inc's return on assets (ROA)?
Freeport-Mcmoran Inc (FCX) had a return on assets of 3.8% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.
What is Freeport-Mcmoran Inc's Altman Z-Score?
Freeport-Mcmoran Inc (FCX) has an Altman Z-Score of 2.69, placing it in the Grey Zone (moderate risk). The Z-Score combines five financial ratios (working capital, retained earnings, EBIT, market capitalization, and revenue relative to total assets) to predict the likelihood of bankruptcy. Scores above 2.99 indicate financial safety while scores below 1.81 suggest financial distress. Learn more in our complete guide to financial health indicators.
What is Freeport-Mcmoran Inc's Piotroski F-Score?
Freeport-Mcmoran Inc (FCX) has a Piotroski F-Score of 5 out of 8 computable signals; 1 of the nine could not be computed from available data, so the full-scale strength rating is not shown. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Are Freeport-Mcmoran Inc's earnings high quality?
Freeport-Mcmoran Inc (FCX) has an earnings quality ratio of 2.55x, considered cash-backed (high quality). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.
Can Freeport-Mcmoran Inc cover its interest payments?
Freeport-Mcmoran Inc (FCX) has an interest coverage ratio of 17.66x, meaning it can comfortably cover its interest obligations. This ratio divides operating income by interest expense. Ratios above 5x indicate strong debt-servicing ability, while ratios below 2x suggest the company may face difficulty meeting interest payments if earnings decline. Learn more in our complete guide to financial health indicators.
How financially healthy is Freeport-Mcmoran Inc?
Freeport-Mcmoran Inc (FCX) scores 66 out of 100 on our Financial Health Score, indicating strong standing within its operating companies peer group. The score is a 0-100 composite of six dimensions (Profitability, Growth, Leverage, Liquidity, Cash Flow, Returns), each ranked as a percentile relative to companies in the same scoring family (banks against banks, REITs against REITs, and so on) rather than across all industries. It rates the quality of the business, not whether the stock is fairly priced, and is not financial advice. Learn more in our complete guide to financial health indicators.