Common-Size Income Statement
Quarterly Data
Paying user area
Try for free
Freeport-McMoRan Inc. pages available for free this week:
- Balance Sheet: Liabilities and Stockholders’ Equity
- Cash Flow Statement
- Common-Size Balance Sheet: Assets
- Analysis of Short-term (Operating) Activity Ratios
- Analysis of Long-term (Investment) Activity Ratios
- Price to FCFE (P/FCFE)
- Capital Asset Pricing Model (CAPM)
- Net Profit Margin since 2005
- Analysis of Revenues
- Analysis of Debt
The data is hidden behind: . Unhide it.
Get full access to the entire website from $10.42/mo, or
get 1-month access to Freeport-McMoRan Inc. for $24.99.
This is a one-time payment. There is no automatic renewal.
We accept:
Freeport-McMoRan Inc., common-size consolidated income statement (quarterly data)
Based on: 10-Q (reporting date: 2025-06-30), 10-Q (reporting date: 2025-03-31), 10-K (reporting date: 2024-12-31), 10-Q (reporting date: 2024-09-30), 10-Q (reporting date: 2024-06-30), 10-Q (reporting date: 2024-03-31), 10-K (reporting date: 2023-12-31), 10-Q (reporting date: 2023-09-30), 10-Q (reporting date: 2023-06-30), 10-Q (reporting date: 2023-03-31), 10-K (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-30), 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31).
- Production and delivery costs
- Production and delivery costs as a percentage of revenues show significant fluctuations across the periods. Starting very high at nearly 99% in early 2020, costs dropped sharply throughout 2020 and into 2021, reaching a low around 49.7%. However, subsequent quarters exhibit volatility, with costs generally ranging between approximately 47% and 66%, showing no clear sustained trend but rather periodic increases and decreases over the years.
- Depreciation, depletion and amortization
- This expense ratio generally declined from about 12.2% at the start of 2020 to a low around 7.4% in early 2023. Periods of increase are observed intermittently, but the overall pattern indicates a decreasing trend in these non-cash expenses relative to revenues over the full timeline.
- Cost of sales
- Cost of sales trends mirror those of production and delivery costs, albeit slightly larger in magnitude due to inclusion of additional costs. The ratio initially drops sharply from over 111% in March 2020 to values near 58% by late 2021, indicating improved cost efficiency. However, from 2022 onward, this ratio again fluctuates notably between roughly 55% and 77%, with no consistent direction but moderately elevated levels toward the later periods.
- Gross profit (loss)
- Gross profit margins improve markedly from a negative margin of about -11% in early 2020 to a peak exceeding 44% in early 2022. Post peak, margins fluctuate between roughly 22% and 34%, showing that the company maintained positive gross profitability with some volatility but no strong upwards or downwards trend in recent quarters.
- Selling, general and administrative expenses
- Selling, general and administrative expenses consistently represent a small but relatively stable percentage of revenues, mostly fluctuating between about 1.5% and 3%. There are minor increases around late 2022 and into 2023 but overall this cost component remains fairly contained and steady.
- Exploration and research expenses
- Exploration and research costs are low relative to revenues, generally hovering under 1%, with occasional slight increases but no significant trend over time. This indicates consistent but modest investment in these areas.
- Environmental obligations and shutdown costs
- These costs show some variability, with occasional spikes particularly in late 2020 and late 2022 where values reach near or above 2%. Apart from these spikes, the expenses remain under 1% usually, with a tendency to increase slightly towards the end of the timeline.
- Net gain (loss) on sales of assets
- There is highly irregular data for gains or losses on asset sales, with several quarters reporting negligible or zero values, and isolated spikes such as a large positive gain in December 2020 (over 10%). No consistent pattern is discernible.
- Operating income (loss)
- Operating income as a percentage of revenues exhibits a significant improvement from a negative margin of about -17% in early 2020 to positive mid to high 30% levels by late 2021. Subsequently, operating margins fluctuate mostly between 20% and 34%, showing sustained positive operating profitability with moderate variability.
- Interest expense, net
- Interest expense relative to revenues shows a declining trend from over 4.5% in early 2020 down to around 1% by mid-2024 and later. This suggests effective management of debt costs over time.
- Net gain (loss) on early extinguishment of debt
- Data for gains or losses from early debt extinguishment is sparse, with some small positive gains observed in 2022 but no clear trend given the sporadic nature of the entries.
- Other income (expense), net
- Other income/expenses show modest but mostly positive values, with small fluctuations. The trend is somewhat stable around positive 0.5% to 2% of revenues in recent years.
- Income before income taxes and equity in affiliated companies’ net earnings (losses)
- This income metric mirrors operating income trends, improving markedly from a negative level near -22% in early 2020 to positive levels above 30% by early 2022. Post that, values fluctuate around 20% to 31%, indicating consistent pre-tax profitability.
- Provision for income taxes
- The provision for income taxes as a percentage of revenues generally remains negative (a charge), with notable volatility ranging between approximately -3% to -13% across periods. No clear improving or worsening trend emerges, but tax expense remains a significant negative component throughout.
- Equity in affiliated companies’ net earnings (losses)
- The share of earnings from affiliated companies fluctuates between small positive and negative percentages, generally under 0.25%, indicating a minor but somewhat variable impact on overall earnings.
- Net income (loss)
- Net income margins improve steadily from a negative near -20% at the start of 2020 to positive levels mostly between 12% and 29% in subsequent periods. Periods of strengthening profitability are noted especially through 2021 and early 2022, followed by somewhat lower but still positive margins thereafter. The overall trend conveys a recovery from loss to sustained profitability.
- Net income (loss) attributable to noncontrolling interests
- This component is negative in most quarters, with percentages increasing in absolute magnitude from around -2% in early 2020 to values near -10% by late 2023 and 2024, suggesting increasing minority interest claims on earnings.
- Net income (loss) attributable to common stockholders
- Profitability attributable to common stockholders follows a positive trajectory from negative or low single digit percentages at the beginning of the period to mid and high teens percent ranges by late 2021. However, volatility is notable with some downward fluctuations in mid to late 2023 before recovering again towards the end of the dataset, indicating moderately improving but uneven earnings for common shareholders.