Operating Income
Freeport-McMoRan Inc. Operating Income increased by 163.5% to $2.14B in Q1 2026 compared to the prior quarter. Year-over-year, this metric grew by 64.0%, from $1.30B to $2.14B. Over 4 years (FY 2021 to FY 2025), Operating Income shows a downward trend with a -6.0% CAGR. This is a positive signal — higher values indicate stronger performance for this metric.
Analysis
How to read this metric
Higher operating income indicates strong operational efficiency and pricing power, while a decline suggests rising costs or weakening demand.
Detailed definition
Operating income is the profit realized from a company's core business operations after deducting all operating expenses...
Peer comparison
A standard benchmark for operational performance; peers are compared based on operating margin percentages.
operating_incomeHistorical Data
| Q2 '21 | Q3 '21 | Q4 '21 | Q1 '22 | Q2 '22 | Q3 '22 | Q4 '22 | Q1 '23 | Q2 '23 | Q3 '23 | Q4 '23 | Q1 '24 | Q2 '24 | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Value | $2.07B | $2.46B | $2.31B | $2.81B | $1.74B | $962.00M | $1.53B | $1.60B | $1.41B | $1.49B | $1.72B | $1.63B | $2.05B | $1.94B | $1.24B | $1.30B | $2.43B | $1.97B | $811.00M | $2.14B |
| QoQ Change | — | +19.1% | -6.4% | +21.9% | -38.2% | -44.6% | +59.0% | +4.6% | -11.9% | +5.8% | +15.4% | -5.1% | +25.4% | -5.4% | -35.9% | +4.8% | +86.6% | -18.9% | -58.9% | +163.5% |
| YoY Change | — | — | — | — | -16.0% | -60.9% | -33.6% | -43.0% | -18.8% | +55.1% | +12.5% | +2.1% | +45.3% | +29.9% | -27.8% | -20.3% | +18.7% | +1.8% | -34.8% | +64.0% |
Business Segments
| Segment | Q2 '24 | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 |
|---|---|---|---|---|---|---|---|---|
| Grasberg Segment | $1.41B | $1.41B | $1.41B | $777.00M | — | — | — | $842.00M |
| Morenci | — | — | — | — | — | — | — | $262.00M |
| Atlantic Copper Smelting & Refining | $28.00M | -$1.00M | $15.00M | $5.00M | $13.00M | $7.00M | — | $22.00M |
| Rod & Refining | $11.00M | $7.00M | $0.00 | $9.00M | $7.00M | $11.00M | $4.00M | $15.00M |
| Molybdenum | -$12.00M | -$27.00M | — | $29.00M | $25.00M | $5.00M | — | — |
| Total | $2.05B | $1.94B | $1.24B | $1.30B | $2.43B | $1.97B | $811.00M | $2.14B |
Molybdenum was previously reported and has since been discontinued or reclassified. Only currently active segments are shown in the chart.
Geographic Breakdown
| Segment | Q4 '23 | Q1 '24 | Q2 '24 | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 |
|---|---|---|---|---|---|---|---|---|
| South America | $174.00M | $249.00M | $530.00M | $385.00M | $307.00M | $471.00M | $374.00M | $493.00M |
| North America | $114.00M | $153.00M | $264.00M | $170.00M | $170.00M | $288.00M | $368.00M | $396.00M |
| Total | $1.72B | $1.63B | $2.05B | $1.94B | $1.24B | $1.30B | $2.43B | $1.97B |
North America, South America were previously reported and have since been discontinued or reclassified. Only currently active segments are shown in the chart.
Operating Income at Other Companies
Frequently Asked Questions
- What is Freeport-McMoRan Inc.'s operating income?
- Freeport-McMoRan Inc. (FCX) reported operating income of $2.14B in Q1 2026.
- How has Freeport-McMoRan Inc.'s operating income changed year-over-year?
- Freeport-McMoRan Inc.'s operating income increased by 64.0% year-over-year, from $1.30B to $2.14B.
- What is the long-term trend for Freeport-McMoRan Inc.'s operating income?
- Over 4 years (2021 to 2025), Freeport-McMoRan Inc.'s operating income has grown at a -6.0% compound annual growth rate (CAGR), from $8.37B to $6.52B.
- What does operating income mean?
- The profit a company makes from its core business operations before interest and taxes.