Freeport-McMoRan, Inc. (FCX) Stock Analysis
Basic Materials · Copper · NYSE
Freeport-McMoRan, Inc. (FCX) posted $25.91B in revenue for fiscal 2025 (up 1.8% year over year), at a 8.5% net margin, and has compounded revenue about 12.8%/yr over five years, per its SEC filings.
Data last refreshed August 2, 2026 from SEC filings · how we compute this
The analyst's take on Freeport-McMoRan, Inc.
Freeport-McMoRan, Inc. has grown revenue from $14.83B to $25.91B over the last 10 fiscal years, compounding about 12.8% a year. The most recent year was up 1.8%, so growth has cooled from its longer-run pace.
Net margin sits at 8.5%, up 1.1 points year over year on a 28.2% gross margin. It carries about $9.38B of total debt.
The one thing worth a second look in the filings is receivables growing faster than sales.
Synthesised from Freeport-McMoRan, Inc.'s SEC filings — descriptive, not advice. Ask the analyst your own question →
Freeport-McMoRan, Inc. revenue & earnings — last 10 fiscal years
| Metric | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $14.83B | $16.40B | $18.63B | $14.40B | $14.20B | $22.84B | $22.78B | $22.86B | $25.45B | $25.91B |
| Gross profit | $-2.70B | $4.42B | $5.16B | $1.28B | $2.54B | $8.81B | $7.69B | $7.16B | $7.66B | $7.30B |
| Net income | $-4.03B | $2.10B | $2.89B | $-189.00M | $865.00M | $4.31B | $3.47B | $1.85B | $1.89B | $2.20B |
| Net margin | -27.1% | 12.8% | 15.5% | -1.3% | 6.1% | 18.8% | 15.2% | 8.1% | 7.4% | 8.5% |
Source: Freeport-McMoRan, Inc. SEC filings (10-K). 19 years of history available in the interactive view.
Freeport-McMoRan, Inc.: 2 potential red flags in the filings
Patterns in the filed statements worth a second look — computed and cited, not AI guesswork, and not a signal to sell. The kind of thing that hides in a 10-K.
- Receivables growing faster than salesAccounts receivable rose 69.0% while revenue rose 1.8% in the latest year — a gap that can signal looser credit terms or pulled-forward sales. Worth checking days-sales-outstanding.
- Net margin shrinkingNet margin fell from 15.2% to 8.5% over ~3 years — profitability is compressing.
Explore 19 years of Freeport-McMoRan, Inc. financials — interactive
Full income statement, balance sheet and cash flow with CAGR and trend on every row, 48 quarters, valuation ratios, plain-English health checks, and Ask — our SEC-grounded research assistant.
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Freeport-McMoRan, Inc. financial history by metric
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About Freeport-McMoRan, Inc.
Freeport-McMoRan Inc. engages in the mining of mineral properties in North America, South America, and Indonesia. The company primarily explores for copper, gold, molybdenum, silver, and other metals. Its assets include the Grasberg minerals district in Indonesia; Morenci, Bagdad, Safford, Sierrita, and Miami in Arizona; Chino and Tyrone in New Mexico; and Henderson and Climax in Colorado, North America, as well as Cerro Verde in Peru and El Abra in Chile. The company was formerly known as Freeport-McMoRan Copper & Gold Inc. and changed its name to Freeport-McMoRan Inc. in July 2014. The company was incorporated in 1987 and is headquartered in Phoenix, Arizona.
Freeport-McMoRan, Inc. — frequently asked questions
What is Freeport-McMoRan, Inc.'s revenue?
Freeport-McMoRan, Inc. (FCX) reported revenue of $25.91B for fiscal year 2025, up 1.8% from the prior year, according to its SEC filings.
Is Freeport-McMoRan, Inc. profitable?
Yes. FCX earned net income of $2.20B in fiscal 2025, a net margin of 8.5%.
What is FCX's P/E ratio?
Freeport-McMoRan, Inc. trades at a price-to-earnings ratio of about 30.7 based on the latest data in our nightly-refreshed cache.
How fast is Freeport-McMoRan, Inc. growing?
FCX's revenue grew at roughly 12.8% per year over the last five fiscal years (compound annual growth rate), computed from SEC-filed statements.
How much debt does Freeport-McMoRan, Inc. have?
As of fiscal year 2025, FCX carried roughly $9.38B in total debt (short- plus long-term borrowings), per its filed balance sheet.
What is Freeport-McMoRan, Inc.'s gross margin?
FCX's gross margin was 28.2% in fiscal 2025 — gross profit of $7.30B on revenue of $25.91B.
What is Freeport-McMoRan, Inc.'s market cap?
Freeport-McMoRan, Inc. (FCX) has a market capitalization of about $0, based on the latest data in our nightly-refreshed cache.
When does Freeport-McMoRan, Inc.'s fiscal year end?
FCX's fiscal year ends in December. Its most recent annual filing covers the fiscal year ending 2025-12-31.
Where does this data come from?
All figures are computed from Freeport-McMoRan, Inc.'s official SEC filings (10-K and 10-Q), covering 19 years of history, refreshed nightly. stockportfolio.pro does not provide investment advice.