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Complete financial analysis of Freeport-McMoRan Inc. (FCX) income statement, including revenue, profit margins, EPS and key performance metrics. Get detailed insights into the financial performance of Freeport-McMoRan Inc., a leading company in the Copper industry within the Basic Materials sector.
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Freeport-McMoRan Inc. (FCX)
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, as well as oil and gas. Its assets include the Grasberg minerals district in Indonesia; Morenci, Bagdad, Safford, Sierrita, and Miami in Arizona; Tyrone and Chino 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 also operates a portfolio of oil and gas properties primarily located in offshore California and the Gulf of Mexico. As of December 31, 2021, it operated approximately 135 wells. The company was formerly known as Freeport-McMoRan Copper & Gold Inc. and changed its name to Freeport-McMoRan Inc. in July 2014. Freeport-McMoRan Inc. was incorporated in 1987 and is headquartered in Phoenix, Arizona.
| Metric | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 | 2006 | 2005 | 2004 | 2003 | 2002 | 2001 | 2000 | 1999 | 1998 | 1997 | 1996 | 1995 | 1994 | 1993 | 1992 | 1991 | 1990 | 1989 | 1988 | 1987 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 22.86B | 22.78B | 22.85B | 14.20B | 14.40B | 18.63B | 16.40B | 14.83B | 15.88B | 21.44B | 20.92B | 18.01B | 20.88B | 18.98B | 15.04B | 17.80B | 16.94B | 5.79B | 4.18B | 2.37B | 2.21B | 1.91B | 1.84B | 1.87B | 1.89B | 1.76B | 2.00B | 1.91B | 1.83B | 1.21B | 925.90M | 714.30M | 467.50M | 434.10M | 367.90M | 335.00M | 190.00M |
| Cost of Revenue | 15.70B | 15.09B | 14.03B | 11.66B | 13.11B | 13.45B | 12.02B | 17.58B | 28.52B | 19.50B | 14.64B | 11.56B | 10.92B | 9.53B | 8.14B | 12.98B | 9.92B | 2.54B | 1.65B | 1.46B | 1.08B | 941.57M | 952.63M | 1.02B | 940.30M | 817.60M | 1.03B | 951.90M | 932.40M | 780.60M | 567.10M | 291.60M | 204.40M | 160.00M | 118.50M | 98.60M | 79.60M |
| Gross Profit | 7.16B | 7.69B | 8.82B | 2.54B | 1.30B | 5.18B | 4.38B | -2.75B | -12.65B | 1.93B | 6.28B | 6.45B | 9.96B | 9.45B | 6.90B | 4.82B | 7.02B | 3.25B | 2.53B | 912.91M | 1.13B | 968.89M | 886.24M | 848.84M | 947.00M | 939.50M | 974.70M | 953.10M | 901.90M | 431.70M | 358.80M | 422.70M | 263.10M | 274.10M | 249.40M | 236.40M | 110.40M |
| Gross Profit Ratio | 31.33% | 33.76% | 38.59% | 17.91% | 9.01% | 27.82% | 26.71% | -18.54% | -79.66% | 9.02% | 30.04% | 35.81% | 47.70% | 49.78% | 45.88% | 27.06% | 41.45% | 56.18% | 60.60% | 38.49% | 51.28% | 50.71% | 48.19% | 45.43% | 50.18% | 53.47% | 48.71% | 50.03% | 49.17% | 35.61% | 38.75% | 59.18% | 56.28% | 63.14% | 67.79% | 70.57% | 58.11% |
| Research & Development | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 271.00M | 0.00 | 90.00M | 292.00M | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| General & Administrative | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 25.91M | 19.43M | 18.06M | 14.94M | 4.33M | 59.42M | 70.95M | 70.60M | 87.80M | 96.60M | 140.90M | 185.30M | 109.00M | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Selling & Marketing | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 131.16M | 84.45M | 71.87M | 65.34M | 63.98M | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| SG&A | 479.00M | 420.00M | 383.00M | 370.00M | 414.00M | 443.00M | 484.00M | 607.00M | 569.00M | 592.00M | 657.00M | 431.00M | 415.00M | 381.00M | 321.00M | 269.00M | 466.00M | 157.07M | 103.89M | 89.93M | 80.28M | 68.31M | 59.42M | 70.95M | 70.60M | 87.80M | 96.60M | 140.90M | 185.30M | 109.00M | 135.90M | 80.70M | 47.10M | 34.10M | 21.20M | 15.50M | 9.90M |
| Other Expenses | 456.00M | 236.00M | 146.00M | 209.00M | 209.00M | 76.00M | 49.00M | 49.00M | -86.00M | 36.00M | -13.00M | 27.00M | 0.00 | 0.00 | 0.00 | 0.00 | -173.00M | 195.52M | 251.51M | 119.41M | 196.21M | 260.45M | 283.89M | 283.56M | 293.20M | 277.40M | 213.90M | 174.00M | 124.10M | 75.10M | 67.90M | 65.60M | 38.40M | 35.50M | 24.60M | 20.90M | 23.30M |
| Operating Expenses | 935.00M | 656.00M | 529.00M | 579.00M | 623.00M | 637.00M | 829.00M | 691.00M | 774.00M | 837.00M | 933.00M | 694.00M | 686.00M | 381.00M | 321.00M | 17.53B | 293.00M | 352.59M | 355.40M | 209.34M | 276.49M | 328.75M | 343.31M | 354.51M | 363.80M | 365.20M | 310.50M | 314.90M | 309.40M | 184.10M | 203.80M | 146.30M | 85.50M | 69.60M | 45.80M | 36.40M | 33.20M |
| Cost & Expenses | 16.62B | 15.75B | 14.56B | 12.23B | 13.73B | 14.08B | 12.85B | 18.27B | 29.30B | 20.34B | 15.57B | 12.26B | 11.61B | 9.91B | 8.46B | 30.51B | 10.21B | 2.89B | 2.00B | 1.67B | 1.35B | 1.27B | 1.30B | 1.37B | 1.30B | 1.18B | 1.34B | 1.27B | 1.24B | 964.70M | 770.90M | 437.90M | 289.90M | 229.60M | 164.30M | 135.00M | 112.80M |
| Interest Income | 0.00 | 419.00M | 559.00M | 563.00M | 542.00M | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Interest Expense | 515.00M | 560.00M | 602.00M | 598.00M | 620.00M | 945.00M | 801.00M | 755.00M | 645.00M | 630.00M | 518.00M | 186.00M | 312.00M | 462.00M | 586.00M | 584.00M | 513.00M | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Depreciation & Amortization | 2.07B | 2.02B | 2.00B | 1.53B | 1.41B | 1.75B | 1.71B | 2.53B | 3.50B | 3.86B | 2.80B | 1.18B | 1.02B | 1.13B | 1.14B | 1.78B | 1.26B | 232.54M | 259.11M | 214.91M | 247.00M | 272.48M | 283.89M | 283.56M | 293.20M | 277.40M | 213.90M | 174.00M | 124.10M | 75.10M | 67.90M | 65.60M | 38.40M | 35.50M | 24.60M | 20.90M | 23.30M |
| EBITDA | 8.59B | 9.29B | 10.26B | 3.92B | 2.25B | 6.22B | 5.27B | -187.00M | -10.27B | 4.07B | 8.23B | 6.85B | 10.15B | 10.01B | 7.42B | -10.94B | 7.91B | 3.13B | 2.44B | 918.49M | 1.10B | 912.61M | 826.82M | 777.89M | 876.40M | 851.70M | 878.10M | 812.20M | 716.60M | 322.70M | 222.90M | 342.00M | 216.00M | 240.00M | 228.20M | 220.90M | 100.50M |
| EBITDA Ratio | 37.58% | 40.65% | 44.56% | 25.01% | 13.53% | 34.23% | 32.40% | -5.27% | -63.05% | 23.30% | 39.50% | 38.65% | 49.31% | 53.71% | 51.31% | -61.28% | 47.80% | 54.21% | 58.73% | 34.35% | 53.69% | 48.56% | 45.26% | 42.47% | 46.88% | 48.89% | 43.67% | 42.58% | 39.07% | 24.01% | 24.31% | 46.87% | 45.45% | 55.01% | 61.32% | 65.64% | 52.42% |
| Operating Income | 6.23B | 7.04B | 8.37B | 2.44B | 536.00M | 4.75B | 3.63B | -2.79B | -13.38B | 97.00M | 5.35B | 5.81B | 9.14B | 9.07B | 6.50B | -12.71B | 6.56B | 2.87B | 2.18B | 703.58M | 823.31M | 640.14M | 542.93M | 494.33M | 583.20M | 574.30M | 664.20M | 638.20M | 592.50M | 247.60M | 155.00M | 276.40M | 177.60M | 204.50M | 203.60M | 200.00M | 77.20M |
| Operating Income Ratio | 27.24% | 30.89% | 36.62% | 17.16% | 3.72% | 25.52% | 22.15% | -18.83% | -84.29% | 0.45% | 25.58% | 32.28% | 43.77% | 47.77% | 43.24% | -71.42% | 38.70% | 49.54% | 52.10% | 29.66% | 37.22% | 33.51% | 29.53% | 26.45% | 30.90% | 32.68% | 33.20% | 33.50% | 32.30% | 20.42% | 16.74% | 38.70% | 37.99% | 47.11% | 55.34% | 59.70% | 40.63% |
| Total Other Income/Expenses | -219.00M | -322.00M | -707.00M | -640.00M | -785.00M | -862.00M | -731.00M | 360.00M | -746.00M | -521.00M | -438.00M | -327.00M | -322.00M | -556.00M | -687.00M | -599.00M | -444.00M | -42.88M | -140.35M | -129.19M | -239.53M | -226.92M | -184.15M | -257.77M | -251.00M | -249.90M | -187.80M | -164.80M | -104.90M | 6.00M | -26.70M | -42.80M | -30.00M | -26.30M | -15.00M | -17.00M | -9.30M |
| Income Before Tax | 6.01B | 6.72B | 7.66B | 1.80B | 306.00M | 3.89B | 2.90B | -3.47B | -14.02B | -424.00M | 4.91B | 5.49B | 8.82B | 8.51B | 5.82B | -13.31B | 6.13B | 2.83B | 2.04B | 574.38M | 583.78M | 413.22M | 358.78M | 236.56M | 332.20M | 324.40M | 476.40M | 473.40M | 487.60M | 253.60M | 128.30M | 233.60M | 147.60M | 178.20M | 188.60M | 183.00M | 67.90M |
| Income Before Tax Ratio | 26.28% | 29.48% | 33.53% | 12.66% | 2.12% | 20.89% | 17.69% | -23.41% | -88.31% | -1.98% | 23.48% | 30.47% | 42.23% | 44.84% | 38.67% | -74.79% | 36.21% | 48.80% | 48.74% | 24.22% | 26.39% | 21.63% | 19.51% | 12.66% | 17.60% | 18.46% | 23.81% | 24.85% | 26.58% | 20.92% | 13.86% | 32.70% | 31.57% | 41.05% | 51.26% | 54.63% | 35.74% |
| Income Tax Expense | 2.27B | 2.27B | 2.30B | 944.00M | 510.00M | 1.37B | 883.00M | 371.00M | -1.94B | 324.00M | 1.48B | 1.51B | 3.09B | 2.98B | 2.31B | -2.84B | 2.40B | 1.20B | 915.07M | 330.68M | 338.05M | 245.52M | 202.98M | 159.57M | 195.70M | 170.60M | 231.30M | 247.20M | 234.00M | 123.40M | 67.60M | 103.70M | 45.60M | 85.60M | 89.90M | 88.80M | 24.50M |
| Net Income | 1.84B | 3.47B | 4.31B | 853.00M | -204.00M | 2.26B | 1.82B | -4.32B | -12.20B | -1.27B | 2.66B | 3.04B | 4.56B | 4.34B | 2.75B | -11.07B | 2.98B | 1.46B | 995.13M | 202.27M | 181.66M | 164.65M | 113.03M | 76.99M | 136.50M | 153.80M | 245.10M | 226.20M | 253.60M | 130.20M | 50.80M | 129.90M | 96.20M | 92.60M | 98.70M | 94.20M | 43.40M |
| Net Income Ratio | 8.06% | 15.22% | 18.85% | 6.01% | -1.42% | 12.12% | 11.08% | -29.10% | -76.81% | -5.91% | 12.70% | 16.89% | 21.84% | 22.84% | 18.28% | -62.19% | 17.57% | 25.15% | 23.81% | 8.53% | 8.21% | 8.62% | 6.15% | 4.12% | 7.23% | 8.75% | 12.25% | 11.87% | 13.83% | 10.74% | 5.49% | 18.19% | 20.58% | 21.33% | 26.83% | 28.12% | 22.84% |
| EPS | 1.29 | 2.40 | 2.93 | 0.59 | -0.14 | 1.56 | 1.25 | -3.27 | -11.27 | -1.22 | 2.65 | 3.20 | 4.81 | 4.67 | 3.05 | -14.49 | 4.06 | 3.66 | 2.59 | 0.43 | 0.50 | 0.44 | 0.27 | 0.13 | 0.31 | 0.34 | 0.53 | 0.45 | 0.49 | 0.19 | 0.06 | 0.33 | 0.27 | 0.27 | 0.29 | 0.23 | 0.11 |
| EPS Diluted | 1.28 | 2.39 | 2.90 | 0.58 | -0.14 | 1.55 | 1.25 | -3.27 | -11.27 | -1.22 | 2.64 | 3.19 | 4.78 | 4.57 | 2.93 | -14.49 | 3.75 | 3.32 | 2.34 | 0.43 | 0.49 | 0.44 | 0.27 | 0.13 | 0.31 | 0.34 | 0.53 | 0.45 | 0.49 | 0.19 | 0.06 | 0.33 | 0.27 | 0.27 | 0.29 | 0.23 | 0.11 |
| Weighted Avg Shares Out | 1.43B | 1.44B | 1.47B | 1.45B | 1.45B | 1.45B | 1.45B | 1.32B | 1.08B | 1.04B | 1.00B | 949.00M | 947.00M | 916.00M | 828.00M | 764.00M | 682.00M | 382.00M | 360.54M | 364.54M | 311.61M | 289.30M | 287.90M | 307.99M | 327.23M | 350.71M | 393.40M | 388.00M | 408.81M | 411.51M | 396.36M | 372.42M | 363.02M | 342.96M | 339.66M | 412.68M | 412.68M |
| Weighted Avg Shares Out (Dil) | 1.44B | 1.45B | 1.48B | 1.46B | 1.45B | 1.46B | 1.45B | 1.32B | 1.08B | 1.04B | 1.01B | 954.00M | 955.00M | 948.00M | 938.00M | 764.00M | 794.00M | 442.00M | 440.94M | 369.85M | 318.20M | 292.84M | 289.88M | 309.04M | 329.13M | 350.71M | 393.40M | 392.36M | 408.81M | 411.51M | 396.36M | 372.42M | 363.02M | 342.96M | 339.66M | 412.68M | 412.68M |
Freeport-McMoRan (FCX) Rises As Market Takes a Dip: Key Facts
In the closing of the recent trading day, Freeport-McMoRan (FCX) stood at $45.19, denoting a +1.19% change from the preceding trading day.
Is Trending Stock Freeport-McMoRan Inc. (FCX) a Buy Now?
Freeport-McMoRan (FCX) has been one of the stocks most watched by Zacks.com users lately. So, it is worth exploring what lies ahead for the stock.
Max Resource Reports Results Including: 1.8% Copper and 7.2 g/t Silver over 48.0m on AM-13 at Its Sierra Azul Project, Colombia
Vancouver, British Columbia--(Newsfile Corp. - August 20, 2024) - MAX RESOURCE CORP. (TSXV: MAX) (OTC Pink: MXROF) (FSE: M1D2) ("Max" or the "Company") is pleased to announce assay results from 10 continuous channel samples collected at the recently discovered AM-13...
Max Resource Reports Definitive Agreement to Purchase 100% of the Floralia DSO Iron Ore Project in Brazil
Vancouver, British Columbia--(Newsfile Corp. - August 19, 2024) - MAX RESOURCE CORP. (TSXV: MAX) (OTC Pink: MXROF) (FSE: M1D2) ("Max" or the "Company") is pleased to announce that, further to its news releases of May 16, June 17 and August 6,...
Copper Is in a Full Bear Market
Even though copper prices bottomed on Thursday, Michael Ballanger of GGM Advisory Inc. still thinks Freeport-McMoRan Inc. is a buy.
Max Resource Issues an Update on the Purchase of the Floralia DSO Iron Ore Property in Brazil
Vancouver, British Columbia--(Newsfile Corp. - August 6, 2024) - Florália MAX RESOURCE CORP. (TSXV: MAX) (OTC Pink: MXROF) (FSE: M1D2) ("Max" or the "Company") has secured a 30-day extension on the option to purchase of 100% of the Florália DSO Iron Ore...
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China is weighing on copper prices, but surging demand for AI and electric vehicles and looming supply shortfalls should make FCX and TECK big winners.
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Freeport-McMoRan Inc. (FCX) is Attracting Investor Attention: Here is What You Should Know
Zacks.com users have recently been watching Freeport-McMoRan (FCX) quite a bit. Thus, it is worth knowing the facts that could determine the stock's prospects.
Source: https://incomestatements.info
Category: Stock Reports