COVERAGE / FCX / Materials

FREEPORT-MCMORAN INC

Metal Mining

COVERAGE STATUSACTIVE

DATA THROUGH2025-12-31

RESEARCH REPORTS1

SELECTED FILINGS1

Fundamental matrix

Latest / 2025-12-31 · Prior / 2024-12-31 · USD · Annual periods

Revenue

$25.19bn

Prior / $25.17bn

Change / +0.07%

SOURCE / 2026-02-13

Operating income

$6.52bn

Prior / $6.86bn

Change / -5.04%

SOURCE / 2026-02-13

Net income

$4.15bn

Prior / $4.4bn

Change / -5.61%

SOURCE / 2026-02-13

Diluted EPS

Not available

Prior / Not available

Change / Unavailable

SOURCE / Not available

Free cash flow

Not available

Prior / Not available

Change / Unavailable

SOURCE / 2026-02-13

Gross margin

Not available

Prior / Not available

Change / Unavailable

SOURCE / Not available

Operating margin

25.88%

Prior / 27.27%

Change / -1.39 pp

SOURCE / 2026-02-13

Return on avg. equity

22.76%

Prior / 26.55%

Change / -3.79 pp

SOURCE / 2026-02-13

Debt / equity

Not available

Prior / Not available

Change / Unavailable

SOURCE / Not available

ROE uses net income divided by average opening/closing equity. FCF = operating cash flow − selected capital expenditure. Debt/equity is unavailable because a verified interest-bearing-debt series is absent; total liabilities are not substituted for debt.

Inspect source tags, dates and accession numbers

{
  "revenue": {
    "start": "2025-01-01",
    "end": "2025-12-31",
    "val": 25186000000,
    "accn": "0000831259-26-000012",
    "fy": 2025,
    "fp": "FY",
    "form": "10-K",
    "filed": "2026-02-13",
    "frame": "CY2025",
    "tag": "us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax",
    "unit": "USD"
  },
  "netIncome": {
    "start": "2025-01-01",
    "end": "2025-12-31",
    "val": 4152000000,
    "accn": "0000831259-26-000012",
    "fy": 2025,
    "fp": "FY",
    "form": "10-K",
    "filed": "2026-02-13",
    "frame": "CY2025",
    "tag": "us-gaap:ProfitLoss",
    "unit": "USD"
  },
  "operatingIncome": {
    "start": "2025-01-01",
    "end": "2025-12-31",
    "val": 6518000000,
    "accn": "0000831259-26-000012",
    "fy": 2025,
    "fp": "FY",
    "form": "10-K",
    "filed": "2026-02-13",
    "frame": "CY2025",
    "tag": "us-gaap:OperatingIncomeLoss",
    "unit": "USD"
  },
  "operatingCashFlow": {
    "start": "2025-01-01",
    "end": "2025-12-31",
    "val": 5610000000,
    "accn": "0000831259-26-000012",
    "fy": 2025,
    "fp": "FY",
    "form": "10-K",
    "filed": "2026-02-13",
    "frame": "CY2025",
    "tag": "us-gaap:NetCashProvidedByUsedInOperatingActivities",
    "unit": "USD"
  },
  "totalAssets": {
    "end": "2025-12-31",
    "val": 58167000000,
    "accn": "0000831259-26-000012",
    "fy": 2025,
    "fp": "FY",
    "form": "10-K",
    "filed": "2026-02-13",
    "tag": "us-gaap:Assets",
    "unit": "USD"
  },
  "totalLiabilities": {
    "end": "2025-12-31",
    "val": 27401000000,
    "accn": "0000831259-26-000012",
    "fy": 2025,
    "fp": "FY",
    "form": "10-K",
    "filed": "2026-02-13",
    "tag": "us-gaap:Liabilities",
    "unit": "USD"
  },
  "shareholdersEquity": {
    "end": "2025-12-31",
    "val": 18899000000,
    "accn": "0000831259-26-000012",
    "fy": 2025,
    "fp": "FY",
    "form": "10-K",
    "filed": "2026-02-13",
    "tag": "us-gaap:StockholdersEquity",
    "unit": "USD"
  },
  "currentAssets": {
    "end": "2025-12-31",
    "val": 13790000000,
    "accn": "0000831259-26-000012",
    "fy": 2025,
    "fp": "FY",
    "form": "10-K",
    "filed": "2026-02-13",
    "tag": "us-gaap:AssetsCurrent",
    "unit": "USD"
  },
  "currentLiabilities": {
    "end": "2025-12-31",
    "val": 6019000000,
    "accn": "0000831259-26-000012",
    "fy": 2025,
    "fp": "FY",
    "form": "10-K",
    "filed": "2026-02-13",
    "tag": "us-gaap:LiabilitiesCurrent",
    "unit": "USD"
  }
}

Financial trend system

Annual financial trends are summarized in the accessible table below.

Annual figures / accessible table

Period end	Revenue	Net income	Free cash flow	EPS
2025-12-31	$25.19bn	$4.15bn	Not available	Not available
2024-12-31	$25.17bn	$4.4bn	Not available	Not available
2022-12-31	$23.27bn	$4.48bn	Not available	Not available

Valuation context

Historical snapshot / 2026-09-17. Annual accounting period / 2025-12-31. Not current, TTM or forward valuation.

Dated ratios / eligible same-method sector sample
Measure	Snapshot value	Historical median	Sector median	Peer count
P/E	Unavailable	Unavailable	31.38x	3
P/S	4.04x	Unavailable	4.04x	1
P/B	5.38x	Unavailable	5.38x	1
EV / EBITDA	Unavailable	Unavailable	Unavailable	0
FCF yield	Unavailable	Unavailable	Unavailable	0

Annual denominators, not TTM or forward. Capitalization-based measures use estimated market capitalization from the dated quote snapshot. ADR/share-basis uncertainty is excluded. No comparable historical-multiple series or EV/EBITDA is available. Sector samples are equal-weight medians of this publication’s eligible covered companies; fiscal periods differ. No fair value or price target is implied.

Source: Yahoo Finance completed daily-bar snapshot; not live; market cap estimated using SEC shares at 2026-07-31 DAILY-BAR SOURCE ↗

Retained price snapshot and capitalization estimate

{
  "currentPrice": 70.85,
  "tradingDate": "2026-09-17",
  "marketCap": 101741841504.55,
  "source": "Yahoo Finance completed daily-bar snapshot; not live; market cap estimated using SEC shares at 2026-07-31"
}

Company & operating context

FREEPORT-MCMORAN INC is an SEC-reporting issuer listed on NYSE under FCX. Its SEC industry description is Metal Mining. This profile organizes annual financial disclosures for research; sector labels are editorial groupings, not GICS classifications.

Mining and industrial-materials businesses depend on commodity cycles, capacity, input costs and capital discipline.

Segment-level revenue is not included in this standardized dataset. Consult the business and segment notes in the linked annual filing for the issuer’s actual reporting segments.

Filing timeline

10-KFILED / 2026-02-13PERIOD / 2025-12-31

Annual-disclosure reading guide for FCX: Volumes, realized prices, reinvestment and through-cycle cash generation. Filing metadata only; this note is not a substantive review of the full document.

ORIGINAL SEC DISCLOSURE ↗

Research archive

HR-0062FCXCompany Research

FCX: reading the FY2025 financial structure ↗

FREEPORT-MCMORAN INC

Research abstract

Annual revenue of USD 25.186 billion and net income of USD 4.152 billion for the period ended 2025-12-31.

DATA THROUGH2025-12-312 MIN READPUBLISHED 2026-09-26

Sector context & risk factors

Commodity pricing, production disruption, reserve quality, energy costs and capital execution.

Volumes, realized prices, reinvestment and through-cycle cash generation.

MATERIALS SYSTEM ↗

Sources & dates

SEC annual filing · 2025-12-31 ↗Source date 2026-02-13
SEC annual filing · 2024-12-31 ↗Source date 2026-02-13
SEC annual filing · 2022-12-31 ↗Source date 2025-02-14
SEC issuer record ↗Source date 2026-09-18