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 operating margin
Operating margin is operating income as a percentage of revenue.
Freeport-McMoRan's operating margin for the twelve months ending Sep 30, 2026 was 27.6%. For fiscal 2025 it was 25.2%, against 27.0% the year before. The highest annual figure on record is 43.8% in fiscal 2011.
Annual operating margin
| Period | Period end | Value | Change (pts) |
|---|---|---|---|
| FY2025 | Dec 31, 2025 | 25.2% | −1.8 |
| FY2024 | Dec 31, 2024 | 27.0% | −0.3 |
| FY2023 | Dec 31, 2023 | 27.2% | −3.7 |
| FY2022 | Dec 31, 2022 | 30.9% | −5.7 |
| FY2021 | Dec 31, 2021 | 36.6% | +19.5 |
| FY2020 | Dec 31, 2020 | 17.2% | +9.6 |
| FY2019 | Dec 31, 2019 | 7.6% | −17.9 |
| FY2018 | Dec 31, 2018 | 25.5% | +3.0 |
| FY2017 | Dec 31, 2017 | 22.5% | +40.9 |
| FY2016 | Dec 31, 2016 | -18.4% | +74.1 |
| FY2015 | Dec 31, 2015 | -92.5% | −91.0 |
| FY2014 | Dec 31, 2014 | -1.5% | −27.1 |
| FY2013 | Dec 31, 2013 | 25.6% | −6.7 |
| FY2012 | Dec 31, 2012 | 32.3% | −11.5 |
| FY2011 | Dec 31, 2011 | 43.8% | – |
Quarterly operating margin
Change is against the same quarter a year earlier.
| Period | Period end | Value | Change (pts) |
|---|---|---|---|
| Q3 FY2026 | Sep 30, 2026 | 31.2% | +2.9 |
| Q2 FY2026 | Jun 30, 2026 | 28.5% | −3.6 |
| Q1 FY2026 | Mar 31, 2026 | 34.3% | +11.5 |
| Q4 FY2025 | Dec 31, 2025 | 14.4% | −7.3 |
| Q3 FY2025 | Sep 30, 2025 | 28.3% | −0.3 |
| Q2 FY2025 | Jun 30, 2025 | 32.1% | +1.1 |
| Q1 FY2025 | Mar 31, 2025 | 22.7% | −3.1 |
| Q4 FY2024 | Dec 31, 2024 | 21.7% | −7.4 |
| Q3 FY2024 | Sep 30, 2024 | 28.5% | +2.9 |
| Q2 FY2024 | Jun 30, 2024 | 30.9% | +6.4 |
| Q1 FY2024 | Mar 31, 2024 | 25.9% | −3.9 |
| Q4 FY2023 | Dec 31, 2023 | 29.2% | +2.6 |
| Q3 FY2023 | Sep 30, 2023 | 25.6% | +6.4 |
| Q2 FY2023 | Jun 30, 2023 | 24.6% | −7.5 |
| Q1 FY2023 | Mar 31, 2023 | 29.7% | −12.8 |
| Q4 FY2022 | Dec 31, 2022 | 26.6% | −10.8 |
| Q3 FY2022 | Sep 30, 2022 | 19.2% | −21.2 |
| Q2 FY2022 | Jun 30, 2022 | 32.1% | −3.9 |
| Q1 FY2022 | Mar 31, 2022 | 42.5% | +11.0 |
| Q4 FY2021 | Dec 31, 2021 | 37.4% | −0.6 |
| Q3 FY2021 | Sep 30, 2021 | 40.5% | +17.6 |
| Q2 FY2021 | Jun 30, 2021 | 36.0% | +25.4 |
| Q1 FY2021 | Mar 31, 2021 | 31.6% | +48.5 |
| Q4 FY2020 | Dec 31, 2020 | 38.0% | +18.2 |
| Q3 FY2020 | Sep 30, 2020 | 22.9% | +24.1 |
| Q2 FY2020 | Jun 30, 2020 | 10.5% | +9.6 |
| Q1 FY2020 | Mar 31, 2020 | -16.9% | −25.4 |
| Q4 FY2019 | Dec 31, 2019 | 19.8% | +11.2 |
| Q3 FY2019 | Sep 30, 2019 | -1.2% | −28.0 |
| Q2 FY2019 | Jun 30, 2019 | 0.9% | −31.3 |
| Q1 FY2019 | Mar 31, 2019 | 8.5% | −21.5 |
| Q4 FY2018 | Dec 31, 2018 | 8.6% | −20.8 |
| Q3 FY2018 | Sep 30, 2018 | 26.8% | +5.3 |
| Q2 FY2018 | Jun 30, 2018 | 32.2% | +13.7 |
| Q1 FY2018 | Mar 31, 2018 | 30.0% | +12.1 |
| Q4 FY2017 | Dec 31, 2017 | 29.3% | +13.3 |
| Q3 FY2017 | Sep 30, 2017 | 21.5% | – |
| Q2 FY2017 | Jun 30, 2017 | 18.5% | – |
| Q1 FY2017 | Mar 31, 2017 | 17.9% | – |
| Q4 FY2016 | Dec 31, 2016 | 16.1% | – |
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