Return on Assets (ROA)
since 2005
Calculation
Freeport-McMoRan Inc., ROA, long-term trends, calculation
| ROA | = | 100 | × | Net income (loss) attributable to FCX1 | ÷ | Total assets1 | |
|---|---|---|---|---|---|---|---|
| Dec 31, 2024 | 3.44% | = | 100 | × | 1,889) | ÷ | 54,848) |
| Dec 31, 2023 | 3.52% | = | 100 | × | 1,848) | ÷ | 52,506) |
| Dec 31, 2022 | 6.79% | = | 100 | × | 3,468) | ÷ | 51,093) |
| Dec 31, 2021 | 8.97% | = | 100 | × | 4,306) | ÷ | 48,022) |
| Dec 31, 2020 | 1.42% | = | 100 | × | 599) | ÷ | 42,144) |
| Dec 31, 2019 | -0.59% | = | 100 | × | (239) | ÷ | 40,809) |
| Dec 31, 2018 | 6.16% | = | 100 | × | 2,602) | ÷ | 42,216) |
| Dec 31, 2017 | 4.87% | = | 100 | × | 1,817) | ÷ | 37,302) |
| Dec 31, 2016 | -11.13% | = | 100 | × | (4,154) | ÷ | 37,317) |
| Dec 31, 2015 | -26.27% | = | 100 | × | (12,236) | ÷ | 46,577) |
| Dec 31, 2014 | -2.22% | = | 100 | × | (1,308) | ÷ | 58,795) |
| Dec 31, 2013 | 4.19% | = | 100 | × | 2,658) | ÷ | 63,473) |
| Dec 31, 2012 | 8.58% | = | 100 | × | 3,041) | ÷ | 35,440) |
| Dec 31, 2011 | 14.22% | = | 100 | × | 4,560) | ÷ | 32,070) |
| Dec 31, 2010 | 14.76% | = | 100 | × | 4,336) | ÷ | 29,386) |
| Dec 31, 2009 | 10.57% | = | 100 | × | 2,749) | ÷ | 25,996) |
| Dec 31, 2008 | -47.39% | = | 100 | × | (11,067) | ÷ | 23,353) |
| Dec 31, 2007 | 7.32% | = | 100 | × | 2,977) | ÷ | 40,661) |
| Dec 31, 2006 | 27.02% | = | 100 | × | 1,457) | ÷ | 5,390) |
| Dec 31, 2005 | 17.93% | = | 100 | × | 995) | ÷ | 5,550) |
Based on: 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 financial data demonstrates significant volatility in net income attributable to the company over the years under review. Notably, net income showed a strong positive performance during the early years, peaking at 2,977 million US dollars in 2007. However, this was followed by a drastic drop to a substantial net loss of 11,067 million US dollars in 2008, indicating a severe downturn during that period. Subsequently, net income rebounded to positive figures in 2009 through 2011, reaching 4,560 million US dollars in 2011, before experiencing another series of losses in 2014 and 2015. The company’s profitability again recovered and showed positive but fluctuating net income figures from 2016 onwards, with values around the 1,800 to 4,300 million US dollars range in recent years up to 2024.
Total assets exhibited a general upward trend across the timeline, increasing from 5,550 million US dollars in 2005 to 54,848 million US dollars in 2024. Although some periods reflected decreases, such as between 2013 and 2016, the overall growth trajectory indicates significant expansion in the company’s asset base over the two decades.
The Return on Assets (ROA) percentage further reflects the variability in profitability relative to asset size. The ROA reached a high of 27.02% in 2006 but then declined sharply in 2008 to -47.39%, corresponding with the large net loss that year. Following this nadir, ROA recovered to moderate positive rates in the subsequent years, typically ranging between 4% and 15% until 2013 when it again dropped to negative values in 2014 and 2015. In recent years, the ROA has stabilized within a lower positive range of approximately 3.4% to 9%, indicating a more moderate but consistent return on the expanded asset base.
In summary, the data reveals a company experiencing considerable financial fluctuations marked by significant losses during specific years, notably 2008 and the mid-2010s, likely influenced by external market or operational challenges. Despite these periods of weakness, the company shows resilience through asset growth and recovery to profitability in later years, with a stabilized yet moderate ROA suggesting a return to sustained operational efficiency.
Comparison to Industry (Materials)
Freeport-McMoRan Inc., ROA, long-term trends, comparison to industry (materials)
| Freeport-McMoRan Inc. | Materials | |
|---|---|---|
| Dec 31, 2024 | 3.44% | 7.02% |
| Dec 31, 2023 | 3.52% | 6.68% |
| Dec 31, 2022 | 6.79% | 6.28% |
| Dec 31, 2021 | 8.97% | 6.65% |
| Dec 31, 2020 | 1.42% | 3.40% |
| Dec 31, 2019 | -0.59% | 2.43% |
| Dec 31, 2018 | 6.16% | 5.23% |
| Dec 31, 2017 | 4.87% | 6.22% |
| Dec 31, 2016 | -11.13% | -2.40% |
| Dec 31, 2015 | -26.27% | -13.63% |
| Dec 31, 2014 | -2.22% | 1.48% |
| Dec 31, 2013 | 4.19% | 5.73% |
| Dec 31, 2012 | 8.58% | 8.98% |
| Dec 31, 2011 | 14.22% | 12.44% |
| Dec 31, 2010 | 14.76% | 12.03% |
| Dec 31, 2009 | 10.57% | 9.94% |
| Dec 31, 2008 | -47.39% | -22.98% |
| Dec 31, 2007 | 7.32% | 8.10% |
| Dec 31, 2006 | 27.02% | 14.06% |
| Dec 31, 2005 | 17.93% | 10.70% |
Based on: 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).