Net Profit Margin
since 2005
Calculation
Freeport-McMoRan Inc., net profit margin, long-term trends, calculation
| Net profit margin | = | 100 | × | Net income (loss) attributable to FCX1 | ÷ | Revenues1 | |
|---|---|---|---|---|---|---|---|
| Dec 31, 2025 | 8.50% | = | 100 | × | 2,204) | ÷ | 25,915) |
| Dec 31, 2024 | 7.42% | = | 100 | × | 1,889) | ÷ | 25,455) |
| Dec 31, 2023 | 8.09% | = | 100 | × | 1,848) | ÷ | 22,855) |
| Dec 31, 2022 | 15.22% | = | 100 | × | 3,468) | ÷ | 22,780) |
| Dec 31, 2021 | 18.85% | = | 100 | × | 4,306) | ÷ | 22,845) |
| Dec 31, 2020 | 4.22% | = | 100 | × | 599) | ÷ | 14,198) |
| Dec 31, 2019 | -1.66% | = | 100 | × | (239) | ÷ | 14,402) |
| Dec 31, 2018 | 13.97% | = | 100 | × | 2,602) | ÷ | 18,628) |
| Dec 31, 2017 | 11.08% | = | 100 | × | 1,817) | ÷ | 16,403) |
| Dec 31, 2016 | -28.01% | = | 100 | × | (4,154) | ÷ | 14,830) |
| Dec 31, 2015 | -77.07% | = | 100 | × | (12,236) | ÷ | 15,877) |
| Dec 31, 2014 | -6.10% | = | 100 | × | (1,308) | ÷ | 21,438) |
| Dec 31, 2013 | 12.70% | = | 100 | × | 2,658) | ÷ | 20,921) |
| Dec 31, 2012 | 16.89% | = | 100 | × | 3,041) | ÷ | 18,010) |
| Dec 31, 2011 | 21.84% | = | 100 | × | 4,560) | ÷ | 20,880) |
| Dec 31, 2010 | 22.84% | = | 100 | × | 4,336) | ÷ | 18,982) |
| Dec 31, 2009 | 18.28% | = | 100 | × | 2,749) | ÷ | 15,040) |
| Dec 31, 2008 | -62.19% | = | 100 | × | (11,067) | ÷ | 17,796) |
| Dec 31, 2007 | 17.57% | = | 100 | × | 2,977) | ÷ | 16,939) |
| Dec 31, 2006 | 25.15% | = | 100 | × | 1,457) | ÷ | 5,791) |
| Dec 31, 2005 | 23.81% | = | 100 | × | 995) | ÷ | 4,179) |
Based on: 10-K (reporting date: 2025-12-31), 10-K (reporting date: 2024-12-31), 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-31), 10-K (reporting date: 2009-12-31), 10-K (reporting date: 2008-12-31), 10-K (reporting date: 2007-12-31), 10-K (reporting date: 2006-12-31), 10-K (reporting date: 2005-12-31).
1 US$ in millions
The net profit margin exhibited considerable fluctuation over the period from 2005 to 2025. Initial years demonstrated relatively strong profitability, followed by periods of significant losses and subsequent recovery. A detailed examination reveals distinct phases in the company’s performance.
- Initial Growth & Volatility (2005-2008)
- From 2005 to 2007, the net profit margin ranged between 17.57% and 25.15%, indicating a healthy level of profitability. However, 2008 witnessed a substantial decline, resulting in a negative net profit margin of -62.19%. This sharp downturn suggests a significant adverse event impacting profitability during that year.
- Recovery & Stabilization (2009-2014)
- Following the losses in 2008, the net profit margin recovered to 18.28% in 2009 and continued to fluctuate between approximately 12.70% and 22.84% through 2014. This period suggests a return to more stable, though variable, profitability. However, 2014 saw a return to negative profitability with a margin of -6.10%.
- Significant Losses & Subsequent Rebound (2015-2020)
- The years 2015 and 2016 were marked by substantial losses, with net profit margins of -77.07% and -28.01% respectively. This was followed by a positive margin of 11.08% in 2017 and 13.97% in 2018. 2019 experienced a negative margin of -1.66%, before a rebound to 4.22% in 2020.
- Recent Performance (2021-2025)
- From 2021 to 2025, the net profit margin demonstrated a generally positive trend, ranging from 8.09% to 18.85%. The margin peaked at 18.85% in 2021, followed by 15.22% in 2022, and a slight decline to 8.09% in 2023. The margin increased again to 7.42% in 2024 and 8.50% in 2025. This suggests a recent stabilization and moderate profitability.
Overall, the net profit margin has been subject to considerable volatility throughout the analyzed period. While periods of strong profitability were observed, significant losses occurred in 2008, 2015, and 2016. The most recent years indicate a return to positive, albeit fluctuating, profitability, with margins generally improving from the lows experienced in the mid-2010s.
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Comparison to Industry (Materials)
Freeport-McMoRan Inc., net profit margin, long-term trends, comparison to industry (materials)
| Freeport-McMoRan Inc. | Materials | |
|---|---|---|
| Dec 31, 2025 | 8.50% | 13.98% |
| Dec 31, 2024 | 7.42% | 13.65% |
| Dec 31, 2023 | 8.09% | 13.25% |
| Dec 31, 2022 | 15.22% | 12.31% |
| Dec 31, 2021 | 18.85% | 13.59% |
| Dec 31, 2020 | 4.22% | 8.58% |
| Dec 31, 2019 | -1.66% | 5.93% |
| Dec 31, 2018 | 13.97% | 15.85% |
| Dec 31, 2017 | 11.08% | 11.29% |
| Dec 31, 2016 | -28.01% | -4.09% |
| Dec 31, 2015 | -77.07% | -25.36% |
| Dec 31, 2014 | -6.10% | 2.79% |
| Dec 31, 2013 | 12.70% | 12.00% |
| Dec 31, 2012 | 16.89% | 13.84% |
| Dec 31, 2011 | 21.84% | 16.32% |
| Dec 31, 2010 | 22.84% | 16.25% |
| Dec 31, 2009 | 18.28% | 14.28% |
| Dec 31, 2008 | -62.19% | -25.65% |
| Dec 31, 2007 | 17.57% | 13.89% |
| Dec 31, 2006 | 25.15% | 13.78% |
| Dec 31, 2005 | 23.81% | 11.48% |
Based on: 10-K (reporting date: 2025-12-31), 10-K (reporting date: 2024-12-31), 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-31), 10-K (reporting date: 2009-12-31), 10-K (reporting date: 2008-12-31), 10-K (reporting date: 2007-12-31), 10-K (reporting date: 2006-12-31), 10-K (reporting date: 2005-12-31).