Freeport-McMoRan Inc (FCX) stock
FCXNYSEMetal MiningFiscal year ends December 31
Financials through Q3 FY2026, quarter ended Sep 30, 2026Last filing: 10-Q on Nov 6, 2026Score 6/3013% above fair value
$60.45−1.67 (-2.69%)
Close on Nov 12, 2026Market cap $86.81BP/E 25.3Yield 0.99%
Freeport-McMoRan gross margin
Gross margin is gross profit as a percentage of revenue.
Freeport-McMoRan's gross margin for the twelve months ending Sep 30, 2026 was 28.0%. For fiscal 2025 it was 28.2%, against 30.1% the year before. The highest annual figure on record is 47.7% in fiscal 2011.
Annual gross margin
| Period | Period end | Value | Change (pts) |
|---|---|---|---|
| FY2025 | Dec 31, 2025 | 28.2% | −1.9 |
| FY2024 | Dec 31, 2024 | 30.1% | −1.2 |
| FY2023 | Dec 31, 2023 | 31.3% | −2.4 |
| FY2022 | Dec 31, 2022 | 33.8% | −4.8 |
| FY2021 | Dec 31, 2021 | 38.6% | +20.7 |
| FY2020 | Dec 31, 2020 | 17.9% | +9.0 |
| FY2019 | Dec 31, 2019 | 8.9% | −18.8 |
| FY2018 | Dec 31, 2018 | 27.7% | +0.7 |
| FY2017 | Dec 31, 2017 | 27.0% | +45.2 |
| FY2016 | Dec 31, 2016 | -18.2% | +69.5 |
| FY2015 | Dec 31, 2015 | -87.7% | −95.2 |
| FY2014 | Dec 31, 2014 | 7.5% | −22.5 |
| FY2013 | Dec 31, 2013 | 30.0% | −5.8 |
| FY2012 | Dec 31, 2012 | 35.8% | −11.9 |
| FY2011 | Dec 31, 2011 | 47.7% | – |
Quarterly gross margin
Change is against the same quarter a year earlier.
| Period | Period end | Value | Change (pts) |
|---|---|---|---|
| Q3 FY2026 | Sep 30, 2026 | 33.8% | +3.0 |
| Q2 FY2026 | Jun 30, 2026 | 31.1% | −3.6 |
| Q1 FY2026 | Mar 31, 2026 | 26.5% | +0.3 |
| Q4 FY2025 | Dec 31, 2025 | 18.1% | −6.9 |
| Q3 FY2025 | Sep 30, 2025 | 30.7% | −0.4 |
| Q2 FY2025 | Jun 30, 2025 | 34.7% | +0.9 |
| Q1 FY2025 | Mar 31, 2025 | 26.3% | −3.5 |
| Q4 FY2024 | Dec 31, 2024 | 24.9% | −8.2 |
| Q3 FY2024 | Sep 30, 2024 | 31.1% | +1.3 |
| Q2 FY2024 | Jun 30, 2024 | 33.8% | +5.2 |
| Q1 FY2024 | Mar 31, 2024 | 29.8% | −4.1 |
| Q4 FY2023 | Dec 31, 2023 | 33.1% | +3.0 |
| Q3 FY2023 | Sep 30, 2023 | 29.8% | +7.8 |
| Q2 FY2023 | Jun 30, 2023 | 28.6% | −6.3 |
| Q1 FY2023 | Mar 31, 2023 | 33.9% | −11.0 |
| Q4 FY2022 | Dec 31, 2022 | 30.1% | −9.5 |
| Q3 FY2022 | Sep 30, 2022 | 22.1% | −19.6 |
| Q2 FY2022 | Jun 30, 2022 | 34.9% | −3.4 |
| Q1 FY2022 | Mar 31, 2022 | 44.9% | +11.0 |
| Q4 FY2021 | Dec 31, 2021 | 39.6% | +7.8 |
| Q3 FY2021 | Sep 30, 2021 | 41.6% | +16.1 |
| Q2 FY2021 | Jun 30, 2021 | 38.2% | +23.8 |
| Q1 FY2021 | Mar 31, 2021 | 33.9% | +45.0 |
| Q4 FY2020 | Dec 31, 2020 | 31.8% | +18.9 |
| Q3 FY2020 | Sep 30, 2020 | 25.5% | +21.7 |
| Q2 FY2020 | Jun 30, 2020 | 14.4% | +9.2 |
| Q1 FY2020 | Mar 31, 2020 | -11.1% | −23.4 |
| Q4 FY2019 | Dec 31, 2019 | 12.9% | +3.1 |
| Q3 FY2019 | Sep 30, 2019 | 3.8% | −24.3 |
| Q2 FY2019 | Jun 30, 2019 | 5.3% | −29.8 |
| Q1 FY2019 | Mar 31, 2019 | 12.4% | −20.7 |
| Q4 FY2018 | Dec 31, 2018 | 9.8% | −25.5 |
| Q3 FY2018 | Sep 30, 2018 | 28.1% | +2.7 |
| Q2 FY2018 | Jun 30, 2018 | 35.0% | +14.0 |
| Q1 FY2018 | Mar 31, 2018 | 33.1% | +10.2 |
| Q4 FY2017 | Dec 31, 2017 | 35.3% | +10.6 |
| Q3 FY2017 | Sep 30, 2017 | 25.5% | – |
| Q2 FY2017 | Jun 30, 2017 | 21.0% | – |
| Q1 FY2017 | Mar 31, 2017 | 22.9% | – |
| Q4 FY2016 | Dec 31, 2016 | 24.7% | – |
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