Freeport-McMoRan Inc
fcx.comHow Do They Make Money?
Sources
-
10-K for FY2025, filed Feb 13, 2026
FY2025 revenue by reportable segment ↗
Revenue, FY2025
$25.9B
Sources
-
10-K for FY2025, filed Feb 13, 2026
$25.9B ↗
| Segment | Share | Revenue |
|---|---|---|
|
Morenci
|
10% |
Morenci, FY2025
$2.6B Sources
|
|
Cerro Verde
|
18% |
Cerro Verde, FY2025
$4.7B Sources
|
|
Grasberg Segment
|
33% |
Grasberg Segment, FY2025
$8.6B Sources
|
|
Rod & Refining
|
27%
FY2022: 28%
|
Rod & Refining, FY2025
$6.9B Sources
|
|
Atlantic Copper Smelting & Refining
|
12%
FY2022: 11%
|
Atlantic Copper Smelting & Refining, FY2025
$3.2B Sources
|
Do Revenues Turn Into Profits?
Yes. It kept 16 cents of every revenue dollar as net income in FY2025 and turned 4 cents into free cash flow.
Operating income, FY2025
Sources
10-K for FY2025, filed Feb 13, 2026
$6.5BView ↗
▼ −5%
vs FY2024 ($6.9B, 27%)
Net income, FY2025
Sources
10-K for FY2025, filed Feb 13, 2026
$4.2BView ↗
▼ −6%
vs FY2024 ($4.4B, 17%)
Free cash flow, FY2025
Sources
10-K for FY2025, filed Feb 13, 2026
$1.1BView ↗
▼ −53%
vs FY2024 ($2.4B, 9%)
How Are They Changing?
Since the FY2025 annual report
Latest quarter: Q2 FY2026, the three months to Jun 30, 2026
Grasberg Segment share of revenue
vs 45.1% in Q2 FY2025
Sources
10-Q for Q2 FY2026, filed Aug 6, 2026
Open tableView ↗
Growing. Revenue grew 13% in 4 years, from $22.8B in FY2021 to $25.9B in FY2025, about 3% a year.
Revenue over time
Morenci
Cerro Verde
Grasberg Segment
Rod & Refining
Atlantic Copper Smelting & Refining
Molybdenum
$50B$25B$0
$8.4B
$10.3B
$8.6B
100%50%0%
28%
28%
18%
37%
26%
17%
41%
25%
18%
33%
27%
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