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Freeport-McMoRan Inc. (NYSE:FCX)

Analysis of Profitability Ratios
Quarterly Data

Microsoft Excel

Profitability ratios measure the company ability to generate profitable sales from its resources (assets).

Profitability Ratios (Summary)

Freeport-McMoRan Inc., profitability ratios (quarterly data)

Microsoft Excel
Jun 30, 2026 Mar 31, 2026 Dec 31, 2025 Sep 30, 2025 Jun 30, 2025 Mar 31, 2025 Dec 31, 2024 Sep 30, 2024 Jun 30, 2024 Mar 31, 2024 Dec 31, 2023 Sep 30, 2023 Jun 30, 2023 Mar 31, 2023 Dec 31, 2022 Sep 30, 2022 Jun 30, 2022 Mar 31, 2022
Return on Sales
Gross profit margin 27.06% 28.18% 28.16% 29.63% 29.73% 29.30% 30.09% 31.95% 31.68% 30.34% 31.33% 30.56% 28.81% 30.38% 33.76% 36.22% 40.49% 41.20%
Operating profit margin 26.76% 27.83% 25.15% 26.73% 26.79% 26.28% 26.97% 28.64% 27.95% 26.31% 27.24% 26.57% 25.14% 27.03% 30.89% 33.69% 38.37% 39.20%
Net profit margin 11.38% 10.34% 8.50% 7.97% 7.45% 7.11% 7.42% 7.81% 7.83% 6.97% 8.09% 9.50% 9.63% 12.07% 15.22% 16.72% 20.08% 20.79%
Return on Investment
Return on equity (ROE) 14.65% 14.01% 11.66% 11.09% 10.57% 10.00% 10.74% 11.41% 11.10% 9.77% 11.07% 13.11% 13.00% 16.22% 22.30% 25.93% 32.72% 34.41%
Return on assets (ROA) 4.93% 4.64% 3.79% 3.65% 3.41% 3.16% 3.44% 3.62% 3.53% 3.06% 3.52% 4.18% 4.14% 5.12% 6.79% 7.77% 9.72% 10.47%

Based on: 10-Q (reporting date: 2026-06-30), 10-Q (reporting date: 2026-03-31), 10-K (reporting date: 2025-12-31), 10-Q (reporting date: 2025-09-30), 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).

Return on Sales

Return on Investment

Gross Profit Margin

Freeport-McMoRan Inc., gross profit margin calculation (quarterly data)

Microsoft Excel
Jun 30, 2026 Mar 31, 2026 Dec 31, 2025 Sep 30, 2025 Jun 30, 2025 Mar 31, 2025 Dec 31, 2024 Sep 30, 2024 Jun 30, 2024 Mar 31, 2024 Dec 31, 2023 Sep 30, 2023 Jun 30, 2023 Mar 31, 2023 Dec 31, 2022 Sep 30, 2022 Jun 30, 2022 Mar 31, 2022
Selected Financial Data (US$ in millions)
Gross profit 2,186 1,655 1,017 2,142 2,632 1,506 1,425 2,113 2,240 1,882 1,956 1,738 1,641 1,825 1,735 1,104 1,888 2,964
Revenues 7,029 6,234 5,633 6,972 7,582 5,728 5,720 6,790 6,624 6,321 5,905 5,824 5,737 5,389 5,758 5,003 5,416 6,603
Profitability Ratio
Gross profit margin1 27.06% 28.18% 28.16% 29.63% 29.73% 29.30% 30.09% 31.95% 31.68% 30.34% 31.33% 30.56% 28.81% 30.38% 33.76% 36.22% 40.49% 41.20%

Based on: 10-Q (reporting date: 2026-06-30), 10-Q (reporting date: 2026-03-31), 10-K (reporting date: 2025-12-31), 10-Q (reporting date: 2025-09-30), 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).

1 Q2 2026 Calculation
Gross profit margin = 100 × (Gross profitQ2 2026 + Gross profitQ1 2026 + Gross profitQ4 2025 + Gross profitQ3 2025) ÷ (RevenuesQ2 2026 + RevenuesQ1 2026 + RevenuesQ4 2025 + RevenuesQ3 2025)
= 100 × (2,186 + 1,655 + 1,017 + 2,142) ÷ (7,029 + 6,234 + 5,633 + 6,972) = 27.06%

Operating Profit Margin

Freeport-McMoRan Inc., operating profit margin calculation (quarterly data)

Microsoft Excel
Jun 30, 2026 Mar 31, 2026 Dec 31, 2025 Sep 30, 2025 Jun 30, 2025 Mar 31, 2025 Dec 31, 2024 Sep 30, 2024 Jun 30, 2024 Mar 31, 2024 Dec 31, 2023 Sep 30, 2023 Jun 30, 2023 Mar 31, 2023 Dec 31, 2022 Sep 30, 2022 Jun 30, 2022 Mar 31, 2022
Selected Financial Data (US$ in millions)
Operating income 2,003 2,137 811 1,972 2,432 1,303 1,243 1,938 2,049 1,634 1,722 1,492 1,410 1,601 1,530 962 1,736 2,809
Revenues 7,029 6,234 5,633 6,972 7,582 5,728 5,720 6,790 6,624 6,321 5,905 5,824 5,737 5,389 5,758 5,003 5,416 6,603
Profitability Ratio
Operating profit margin1 26.76% 27.83% 25.15% 26.73% 26.79% 26.28% 26.97% 28.64% 27.95% 26.31% 27.24% 26.57% 25.14% 27.03% 30.89% 33.69% 38.37% 39.20%

Based on: 10-Q (reporting date: 2026-06-30), 10-Q (reporting date: 2026-03-31), 10-K (reporting date: 2025-12-31), 10-Q (reporting date: 2025-09-30), 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).

1 Q2 2026 Calculation
Operating profit margin = 100 × (Operating incomeQ2 2026 + Operating incomeQ1 2026 + Operating incomeQ4 2025 + Operating incomeQ3 2025) ÷ (RevenuesQ2 2026 + RevenuesQ1 2026 + RevenuesQ4 2025 + RevenuesQ3 2025)
= 100 × (2,003 + 2,137 + 811 + 1,972) ÷ (7,029 + 6,234 + 5,633 + 6,972) = 26.76%

Net Profit Margin

Freeport-McMoRan Inc., net profit margin calculation (quarterly data)

Microsoft Excel
Jun 30, 2026 Mar 31, 2026 Dec 31, 2025 Sep 30, 2025 Jun 30, 2025 Mar 31, 2025 Dec 31, 2024 Sep 30, 2024 Jun 30, 2024 Mar 31, 2024 Dec 31, 2023 Sep 30, 2023 Jun 30, 2023 Mar 31, 2023 Dec 31, 2022 Sep 30, 2022 Jun 30, 2022 Mar 31, 2022
Selected Financial Data (US$ in millions)
Net income attributable to common stockholders 984 881 406 674 772 352 274 526 616 473 388 454 343 663 697 404 840 1,527
Revenues 7,029 6,234 5,633 6,972 7,582 5,728 5,720 6,790 6,624 6,321 5,905 5,824 5,737 5,389 5,758 5,003 5,416 6,603
Profitability Ratio
Net profit margin1 11.38% 10.34% 8.50% 7.97% 7.45% 7.11% 7.42% 7.81% 7.83% 6.97% 8.09% 9.50% 9.63% 12.07% 15.22% 16.72% 20.08% 20.79%

Based on: 10-Q (reporting date: 2026-06-30), 10-Q (reporting date: 2026-03-31), 10-K (reporting date: 2025-12-31), 10-Q (reporting date: 2025-09-30), 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).

1 Q2 2026 Calculation
Net profit margin = 100 × (Net income attributable to common stockholdersQ2 2026 + Net income attributable to common stockholdersQ1 2026 + Net income attributable to common stockholdersQ4 2025 + Net income attributable to common stockholdersQ3 2025) ÷ (RevenuesQ2 2026 + RevenuesQ1 2026 + RevenuesQ4 2025 + RevenuesQ3 2025)
= 100 × (984 + 881 + 406 + 674) ÷ (7,029 + 6,234 + 5,633 + 6,972) = 11.38%

Return on Equity (ROE)

Freeport-McMoRan Inc., ROE calculation (quarterly data)

Microsoft Excel
Jun 30, 2026 Mar 31, 2026 Dec 31, 2025 Sep 30, 2025 Jun 30, 2025 Mar 31, 2025 Dec 31, 2024 Sep 30, 2024 Jun 30, 2024 Mar 31, 2024 Dec 31, 2023 Sep 30, 2023 Jun 30, 2023 Mar 31, 2023 Dec 31, 2022 Sep 30, 2022 Jun 30, 2022 Mar 31, 2022
Selected Financial Data (US$ in millions)
Net income attributable to common stockholders 984 881 406 674 772 352 274 526 616 473 388 454 343 663 697 404 840 1,527
Stockholders’ equity 20,109 19,505 18,899 18,685 18,208 17,688 17,581 17,548 17,404 16,973 16,693 16,459 16,202 16,057 15,555 14,954 14,889 14,866
Profitability Ratio
ROE1 14.65% 14.01% 11.66% 11.09% 10.57% 10.00% 10.74% 11.41% 11.10% 9.77% 11.07% 13.11% 13.00% 16.22% 22.30% 25.93% 32.72% 34.41%

Based on: 10-Q (reporting date: 2026-06-30), 10-Q (reporting date: 2026-03-31), 10-K (reporting date: 2025-12-31), 10-Q (reporting date: 2025-09-30), 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).

1 Q2 2026 Calculation
ROE = 100 × (Net income attributable to common stockholdersQ2 2026 + Net income attributable to common stockholdersQ1 2026 + Net income attributable to common stockholdersQ4 2025 + Net income attributable to common stockholdersQ3 2025) ÷ Stockholders’ equity
= 100 × (984 + 881 + 406 + 674) ÷ 20,109 = 14.65%

Return on Assets (ROA)

Freeport-McMoRan Inc., ROA calculation (quarterly data)

Microsoft Excel
Jun 30, 2026 Mar 31, 2026 Dec 31, 2025 Sep 30, 2025 Jun 30, 2025 Mar 31, 2025 Dec 31, 2024 Sep 30, 2024 Jun 30, 2024 Mar 31, 2024 Dec 31, 2023 Sep 30, 2023 Jun 30, 2023 Mar 31, 2023 Dec 31, 2022 Sep 30, 2022 Jun 30, 2022 Mar 31, 2022
Selected Financial Data (US$ in millions)
Net income attributable to common stockholders 984 881 406 674 772 352 274 526 616 473 388 454 343 663 697 404 840 1,527
Total assets 59,727 58,840 58,167 56,828 56,492 56,022 54,848 55,400 54,635 54,198 52,506 51,648 50,907 50,909 51,093 49,927 50,113 48,832
Profitability Ratio
ROA1 4.93% 4.64% 3.79% 3.65% 3.41% 3.16% 3.44% 3.62% 3.53% 3.06% 3.52% 4.18% 4.14% 5.12% 6.79% 7.77% 9.72% 10.47%

Based on: 10-Q (reporting date: 2026-06-30), 10-Q (reporting date: 2026-03-31), 10-K (reporting date: 2025-12-31), 10-Q (reporting date: 2025-09-30), 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).

1 Q2 2026 Calculation
ROA = 100 × (Net income attributable to common stockholdersQ2 2026 + Net income attributable to common stockholdersQ1 2026 + Net income attributable to common stockholdersQ4 2025 + Net income attributable to common stockholdersQ3 2025) ÷ Total assets
= 100 × (984 + 881 + 406 + 674) ÷ 59,727 = 4.93%