10 years of revenue, profit, cash flow and balance-sheet history through FY2025,
from SEC filings — with a computed, factual read of the trend.
Updated Overview →
Growth & profitability
Revenue has grown 12.6% per year over the past 5 years.
Net income has grown slower than revenue (-15.4% vs 12.6% per year).
Operating margin has expanded, at 25.9% in the latest year.
Free cash flow has grown 1.1% per year over the past 5 years.
Financial health
Total debt ($9.4B) exceeds cash ($3.8B); net debt is $5.6B.
Total debt has grown slower than revenue (-0.7% vs 12.6% per year).
Total debt is 1.1× EBITDA.
Shareholder returns
Dividends have been paid for 10 consecutive years, consuming 39.2% of earnings and 77.5% of free cash flow.
The dividend has grown 64.0% per year over the past 5 years.
Revenue & net income
RevenueNet income
Margins (gross / operating / net)
GrossOperatingNet
Free cash flow (CFO − capex)
Free cash flow
Cash vs total debt
CashTotal debt
Cash flow: operating / investing / financing
OperatingInvestingFinancing
Key annual figures
FY
Revenue
Net income
Gross M
Op M
FCF
Total debt
Cash
2025
$25.2B
$2.2B
26.1%
25.9%
$1.1B
$9.4B
$3.8B
2024
$25.2B
$1.9B
29.3%
27.3%
$2.4B
$8.9B
$3.9B
2023
$22.7B
$1.8B
30.9%
27.4%
$455M
$9.4B
$4.8B
2022
$23.3B
$3.5B
35.2%
30.2%
$1.7B
$10.6B
$8.1B
2021
$22.4B
$4.3B
37.4%
37.3%
$5.6B
$9.4B
$8.1B
2020
$13.9B
—
16.1%
17.5%
$1.1B
$9.7B
$3.7B
2019
$14.3B
—
8.5%
7.6%
-$1.2B
$9.8B
$2.0B
2018
$18.9B
—
28.9%
25.1%
$1.9B
$11.1B
$4.2B
2017
$15.9B
—
24.6%
23.2%
$3.3B
$11.8B
$4.5B
2016
$14.6B
—
-20.4%
-18.7%
$924M
$2.2B
$4.2B
Revenue & net income
RevenueNet income
Margins (gross / operating / net)
GrossOperatingNet
Free cash flow (CFO − capex, quarterly)
Free cash flow
Cash vs total debt
CashTotal debt
Cash flow: operating / investing / financing
OperatingInvestingFinancing
Key quarterly figures
Quarter
Revenue
Net income
Gross M
Op M
FCF
Total debt
Cash
Mar '26
$6.3B
$1.4B
26.8%
34.2%
$522M
$9.4B
$3.7B
Dec '25
$5.3B
$565M
12.4%
15.4%
-$312M
$9.4B
$3.8B
Sep '25
$6.8B
$1.2B
29.2%
28.9%
$608M
$9.3B
$4.3B
Jun '25
$7.5B
$1.5B
34.2%
32.3%
$934M
$9.3B
$4.5B
Mar '25
$5.6B
$793M
24.3%
23.4%
-$114M
$9.4B
$4.4B
Dec '24
$5.9B
$721M
27.0%
21.1%
$197M
$8.9B
$3.9B
Sep '24
$6.7B
$1.2B
30.0%
29.0%
$673M
$9.7B
$5.0B
Jun '24
$6.4B
$1.3B
31.5%
32.0%
$840M
$9.4B
$5.3B
Mar '24
$6.2B
$1.2B
28.5%
26.3%
$642M
$9.4B
$5.2B
Dec '23
$5.8B
$1.0B
31.9%
29.7%
-$42M
$9.4B
$4.8B
Sep '23
$5.9B
$964M
30.3%
25.4%
$58M
$9.4B
$5.7B
Jun '23
$5.9B
$731M
30.9%
23.8%
$510M
$9.5B
$6.7B
Mar '23
$5.1B
$1.0B
30.3%
31.3%
-$71M
$9.6B
$6.9B
Dec '22
$5.4B
$977M
25.9%
28.2%
$22M
$10.6B
$8.1B
Sep '22
$5.3B
$560M
26.6%
18.1%
-$78M
$10.7B
$8.6B
Jun '22
$6.2B
$1.0B
42.8%
28.1%
$758M
$11.1B
$9.5B
Mar '22
$6.4B
$1.9B
42.8%
44.1%
$968M
$9.6B
$8.3B
Dec '21
$5.9B
$1.4B
37.3%
38.8%
$1.5B
$9.4B
$8.1B
Sep '21
$6.2B
$1.7B
42.7%
39.7%
$1.4B
$9.7B
$7.7B
Jun '21
$5.6B
$1.3B
36.8%
36.8%
$2.0B
$9.7B
$6.3B
Valuation over time
How the market has priced FCX against its own fundamentals since 2023-03 —
each month-end's share price set against the most recent annual filing, so the multiple moves
as price runs ahead of (or behind) earnings. Split-adjusted.
The price-to-earnings ratio has risen from 17.0× (Mar '23) to 41.3× (Jun '26).
The price-to-sales ratio has risen from 2.5× (Mar '23) to 3.6× (Jun '26).
The dividend yield has fallen from 1.5% (Mar '23) to 1.0% (Jun '26).
Price / earnings (P/E)
P/E
Price / sales (P/S)
P/S
Dividend yield (%)
Dividend yield %
Frequently asked questions
Is FCX growing its revenue and profit?
Over the past 5 years, Freeport-McMoRan's revenue has grown 12.6% per year, and net income declined 15.4% per year. These are computed facts, not advice.
How much debt does FCX have?
As of FY2025, Freeport-McMoRan reported $9.4B of total debt against $3.8B of cash.
What is FCX's profit margin?
In FY2025, gross margin was 26.1%, operating margin 25.9%, and net margin 8.8%.
What is FCX's P/E ratio?
As of Jun '26, Freeport-McMoRan traded at a price-to-earnings ratio of about 41.3× (market cap ÷ latest annual net income). The valuation charts above show how its P/E, P/S and dividend yield have moved with the share price. These are computed facts, not advice.
Where does this data come from?
All figures are extracted from the company’s SEC EDGAR/XBRL filings — 10-K annual reports and 10-Q quarterly reports (use the Annual / Quarterly toggle). Quarterly figures are derived from the as-filed statements (year-to-date amounts are differenced into discrete quarters). Growth rates and ratios are computed by tradmap; nothing here is investment advice.
Source: SEC EDGAR / XBRL (10-K + 10-Q filings) · prices EOD (Databento), corporate-action-adjusted ·
growth rates, valuation multiples & ratios computed by tradmap. Valuation uses each month-end price
against the latest annual filing. Informational only — not investment advice.