FREEPORT-MCMORAN INC FCX

Basic materials SIC 1000 - Metal Mining NAICS Mining, Quarrying, and Oil and Gas Extraction › Mining (except Oil and Gas) › Metal Ore Mining derived NYSE

and 2. Business and Properties.

We are a leading international metals company with the objective of being foremost in copper. Headquartered in Phoenix, Arizona, we operate large, long-lived, geographically diverse assets with significant proven and probable mineral reserves of copper, gold and molybdenum. We are one of the world's largest publicly traded copper producers. Our portfolio of assets includes the Grasberg minerals district in Indonesia, one of the world's largest copper and gold deposits; and significant operations in the U.S. and South America, including the large-scale Morenci minerals district in Arizona and the Cerro Verde operation in Peru.

We believe fundamentals for copper are favorable with growing demand supported by copper's critical role in electrification initiatives, continued urbanization in developing countries, data centers and artificial intelligence (AI) growth, increased defense spending and growing connectivity globally.

Last close 65.18 2026-10-23
Market cap $93.60B 2026-06-30 share count
52-week range 38.54 - 80.24

Valuation FY2025 figures against the last close

P/S3.7x
P/E—
P/FCF83.9x
EV/EBITDA11.3x
Dividend yield0.9%
Diluted EPS—

Annual financial statements

Income statement

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Revenue $25.19B$25.17B$22.70B$23.27B$22.42B$13.89B$14.35B$18.95B$15.89B$14.56B
Cost of revenue $18.62B$17.80B$15.70B$15.09B$14.03B$11.65B$13.12B$13.47B$11.98B$17.53B
Gross profit $6.57B$7.37B$7.01B$8.18B$8.39B$2.24B$1.22B$5.48B$3.91B-$2.97B
SG&A $545.0M$513.0M$479.0M$420.0M$383.0M$370.0M$394.0M$422.0M$477.0M$597.0M
Total operating expenses $19.40B$18.59B$16.63B$15.74B$14.48B$11.76B$13.31B$13.87B$12.71B$17.56B
Operating income $6.52B$6.86B$6.22B$7.04B$8.37B$2.44B$1.09B$4.75B$3.69B-$2.73B
Interest expense $369.0M$319.0M$515.0M$560.0M$602.0M$598.0M$620.0M$945.0M$801.0M$755.0M
Pre-tax income $6.37B$6.91B$6.01B$6.71B$7.66B$1.80B$306.0M$3.89B$2.90B-$3.47B
Income tax $2.22B$2.52B$2.27B$2.27B$2.30B$944.0M$510.0M$991.0M$883.0M$371.0M
Net income $2.20B$1.89B$1.85B$3.47B$4.31B$865.0M-$189.0M$2.89B$2.10B-$4.03B
EPS, basic ————2.930.41-0.171.791.25-3.16
EPS, diluted ————2.900.41-0.171.781.25-3.16
Shares, diluted (wtd. avg.) 1.44B1.45B1.44B1.45B1.48B1.46B1.45B1.46B1.45B1.32B

Balance sheet

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Cash and equivalents $3.82B$3.92B$6.06B$8.39B$8.31B$3.90B$2.28B$4.46B$4.71B$4.42B
Receivables $977.0M$578.0M$1.21B$1.34B$1.17B$892.0M$741.0M$829.0M$1.32B$1.13B
Total current assets $13.79B$13.30B$14.06B$15.61B$14.83B$9.30B$7.92B$10.46B$10.63B$10.44B
Property, plant and equipment $40.74B$38.51B$35.30B$32.63B$30.34B$29.82B$29.58B$28.01B$22.99B$23.22B
Other intangibles $432.0M$428.0M$422.0M$416.0M$412.0M$401.0M$402.0M$398.0M$307.0M$305.0M
Total assets $58.17B$54.85B$52.51B$51.09B$48.02B$42.14B$40.81B$42.22B$37.30B$37.32B
Accounts payable $2.95B$2.79B$2.47B$2.70B$2.04B$1.47B$1.65B$1.66B$1.55B$1.54B
Short-term debt $466.0M$41.0M$766.0M$1.04B$372.0M$34.0M$5.0M$17.0M$1.41B$1.23B
Total current liabilities $6.02B$5.50B$5.82B$6.34B$5.89B$3.42B$3.21B$3.33B$4.91B$4.26B
Long-term debt $8.91B$8.91B$8.66B$9.58B$9.08B$9.68B$9.82B$11.12B$11.81B$2.23B
Total liabilities $27.40B$26.07B$25.20B$26.22B$25.00B$23.48B$23.36B$24.32B$26.01B$28.06B
Retained earnings $1.39B-$170.0M-$2.06B-$3.91B-$7.38B-$11.68B-$12.28B-$12.04B-$14.72B-$16.54B
Total equity $18.90B$17.58B$27.31B$24.87B$23.02B$18.67B$17.45B$17.89B$11.30B$9.26B

Cash flow

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Operating cash flow $5.61B$7.16B$5.28B$5.14B$7.71B$3.02B$1.48B$3.86B$4.67B$3.74B
Depreciation and amortisation $2.24B$2.24B$2.07B$2.02B$2.00B$1.53B$1.41B$1.75B$1.71B$2.61B
Stock-based compensation $121.0M$109.0M$109.0M$95.0M$98.0M$99.0M$63.0M$76.0M$71.0M$86.0M
Capital expenditure $4.49B$4.81B$4.82B$3.47B$2.12B$1.96B$2.65B$1.97B$1.41B$2.81B
Investing cash flow -$4.47B-$5.03B-$4.96B-$3.44B-$1.96B-$1.26B-$2.10B-$5.02B-$1.32B$3.55B
Financing cash flow -$1.88B-$3.28B-$2.65B-$1.62B-$1.34B-$128.0M-$1.56B$900.0M-$3.06B-$3.17B
Dividends paid $865.0M$865.0M$863.0M$866.0M$331.0M$73.0M$291.0M$218.0M$2.0M$6.0M
Buybacks $107.0M$59.0M$0$1.35B$488.0M$0$0———

Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001193125-26-173666.

Plot the figures US dollars

Income statement Revenue Cost of revenue Gross profit R&D SG&A Total operating expenses Operating income Interest expense Pre-tax income Income tax Net income EPS, basic EPS, diluted Shares, diluted (wtd. avg.)
Balance sheet Cash and equivalents Short-term investments Receivables Inventory Total current assets Property, plant and equipment Goodwill Other intangibles Total assets Accounts payable Short-term debt Total current liabilities Long-term debt Total liabilities Retained earnings Total equity
Cash flow Operating cash flow Depreciation and amortisation Stock-based compensation Capital expenditure Investing cash flow Financing cash flow Dividends paid Buybacks
  • Revenue
  • Gross profit
  • Net income
Revenue, Gross profit, Net income by fiscal year, in US dollars The same figures are in the table below this chart. -10B 0 10B 20B 30B Revenue, FY2016: 14.6B Gross profit, FY2016: -3B Net income, FY2016: -4B Revenue, FY2017: 15.9B Gross profit, FY2017: 3.9B Net income, FY2017: 2.1B Revenue, FY2018: 18.9B Gross profit, FY2018: 5.5B Net income, FY2018: 2.9B Revenue, FY2019: 14.3B Gross profit, FY2019: 1.2B Net income, FY2019: -189M Revenue, FY2020: 13.9B Gross profit, FY2020: 2.2B Net income, FY2020: 865M Revenue, FY2021: 22.4B Gross profit, FY2021: 8.4B Net income, FY2021: 4.3B Revenue, FY2022: 23.3B Gross profit, FY2022: 8.2B Net income, FY2022: 3.5B Revenue, FY2023: 22.7B Gross profit, FY2023: 7B Net income, FY2023: 1.8B Revenue, FY2024: 25.2B Gross profit, FY2024: 7.4B Net income, FY2024: 1.9B Revenue, FY2025: 25.2B Gross profit, FY2025: 6.6B Net income, FY2025: 2.2B FY2016 FY2017 FY2018 FY2019 FY2020 FY2021 FY2022 FY2023 FY2024 FY2025
Fiscal year FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Revenue $14.56B $15.89B $18.95B $14.35B $13.89B $22.42B $23.27B $22.70B $25.17B $25.19B
Gross profit -$2.97B $3.91B $5.48B $1.22B $2.24B $8.39B $8.18B $7.01B $7.37B $6.57B
Net income -$4.03B $2.10B $2.89B -$189.0M $865.0M $4.31B $3.47B $1.85B $1.89B $2.20B

Recent filings and events

  • Results announced The quarterly or annual earnings release. Arrives four times a year from almost every company here. Item 2.02
  • Regulation FD disclosure Something the company told the market and had to tell everyone at once - usually a slide deck or a press release. Item 7.01
  • Shareholder vote The results of the annual meeting or a special vote. Item 5.07
  • Material agreement signed The company entered an agreement outside the ordinary course of business - a large contract, a credit facility, a merger agreement. Item 1.01
  • Material agreement terminated An agreement that mattered has ended. Often the other half of a deal that fell through. Item 1.02
  • New debt or obligation The company has taken on debt or a comparable obligation. Item 2.03
  • Results announced Item 2.02
  • Regulation FD disclosure Item 7.01
  • Officer or director change Someone at the top arrived or left. The item covers everything from a board retirement to a chief executive being removed, and only the filing itself says which. Item 5.02
  • Other event The catch-all. The company chose to disclose something that fits no other item, so the content is whatever it says it is. Item 8.01
  • Other event Item 8.01
  • Annual report filed A new 10-K. The figures and the business description on this site come from it. Form 10-K

Item numbers are Form 8-K's own, and a filing date is up to four business days after the thing it reports. The same feed across the whole market.

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