Loading…
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.
5-year financial trends. Figures in USD millions.
Latest fiscal year: 2025
Year-by-year revenue, profitability, and cash flow (USD millions, last 10 years)
| Year | Revenue | EBITDA | Net Profit | FCF | ROE | Rev Growth 1Y | NP Growth 1Y |
|---|---|---|---|---|---|---|---|
| 2025 | $25.9B | $9.0B | $2.2B | $1.1B | 11.7% | 1.8% | 16.7% |
| 2024 | $25.5B | $9.5B | $1.9B | $2.4B | 10.7% | 11.4% | 2.2% |
| 2023 | $22.9B | $8.6B | $1.8B | $455M | 11.1% | 0.3% | -46.7% |
| 2022 | $22.8B | $9.3B | $3.5B | $1.7B | 22.3% | - | - |
| 2021 | - | - |
Income statement, balance sheet, and cash flow as reported
Consolidated Figures in USD Millions.
| Metric | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Total Revenue | - | 22,780 | 22,855 | 25,455 | 25,915 |
| Cost Of Revenue | - | 15,090 | 15,695 | 17,795 | 18,618 |
| Gross Profit | - | 7,690 | 7,160 | 7,660 | 7,297 |
| Operating Expense | - | 656 | 935 | 796 | 795 |
| Operating Income | - | 7,034 | 6,225 | 6,864 | 6,502 |
| EBITDA | - | 9,294 | 8,589 | 9,467 | 8,985 |
| EBIT | - | 7,275 | 6,521 | 7,226 | 6,741 |
| Pretax Income | - | 6,715 | 6,006 | 6,907 | 6,372 |
| Tax Provision | - | 2,267 | 2,270 | 2,523 | 2,221 |
| Net Income | - | 3,468 | 1,848 | 1,889 | 2,204 |
| Net Income Common Stockholders | - | 3,468 | 1,848 | 1,889 | 2,204 |
| Total Expenses | - | 15,746 | 16,630 | 18,591 | 19,413 |
| Interest Expense | - | 560 | 515 | 319 | 369 |
| Selling General And Administration | - | 420 | 479 | 513 | 545 |
| Normalized EBITDA | - | 9,261 | 8,579 | 9,467 | 8,969 |
| Normalized Income | - | 3,446.22 | 1,841.80 | 1,889 | 2,193.58 |
| Market Cap | 87,637.37 | 87,637.37 | 87,637.37 | 87,637.37 | 87,637.37 |
Basic Materials sector peers, ranked by market cap
| Company | Ticker | Market Cap | P/E | P/B | ROE | EV/EBITDA |
|---|---|---|---|---|---|---|
| Freeport-McMoRan Inc.this co. | FCX | $87.9B | 39.76↑ premium | 4.64 | 11.7% | 10.50 |
| Newmont Corporation | NEM | $133.4B | 18.19 | 3.80 | 20.9% | 9.00 |
| The Sherwin-Williams Company | SHW | $83.6B | 32.58 | 18.20 | 55.9% | 21.52 |
| CRH plc | CRH | $79.4B | 21.14 | 3.28 | 15.5% | 12.16 |
| Ecolab Inc. | ECL | $76.3B | 36.67 |
| - |
| - |
| - |
| - |
| - |
| 7.79 |
| 21.2% |
| 22.05 |
| Corteva, Inc. | CTVA | $54.6B | 48.97 | 2.22 | 4.5% | 16.81 |
| Nucor Corporation | NUE | $49.6B | 27.98 | 2.33 | 8.3% | 12.72 |
| Vulcan Materials Company | VMC | $38.5B | 35.42 | 4.47 | 12.6% | 18.17 |
| Martin Marietta Materials, Inc. | MLM | $37.2B | 32.64 | 3.70 | 11.3% | 20.42 |
| Peer Median | - | 32.61 | 3.75 | 14.1% | 17.49 | |