What is Freeport-McMoRan Inc.'s capex?

Freeport-McMoRan Inc. (FCX) reported capex of $973M in Q1 2026.

How has Freeport-McMoRan Inc.'s capex changed year-over-year?

Freeport-McMoRan Inc.'s capex decreased by 17.0% year-over-year, from $1.17B to $973M.

What is the long-term trend for Freeport-McMoRan Inc.'s capex?

Over 4 years (2021 to 2025), Freeport-McMoRan Inc.'s capex has grown at a 20.7% compound annual growth rate (CAGR), from $2.12B to $4.49B.

What does capex mean?

Cash spent on property, plant, and equipment — the primary measure of investment in productive capacity and infrastructure.

Freeport-McMoRan Inc. FCX CapEx

CapEx at other companies

Cabot CorporationCBT

$45M-37.5%

UnifirstUNF

$38.4M+18.1%

HES

Hess MidstreamHESM

$28.8M-36.7%

Warrior Met CoalHCC

$80.13M+17.0%

Travel + LeisureTNL

$19M-9.5%

CSW Industrials, Inc.CSW

$5.13M+13.2%

Segments

By segment

See full

Grasberg Segment$456M-35.2%

North America copper mines$167M—

South America$76M—

Atlantic Copper Smelting & Refining$56M+30.2%

Morenci$44M-25.4%

Molybdenum$28M+12.0%

Other financials

Income statement

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Revenue$6.2B+8.8%

Gross profit$1.7B+9.9%

Operating income$2.1B+64.0%

Net income$1.4B+74.9%

EPS (diluted)$0.61+154%

Balance sheet

See full

Cash & equivalents$4.1B-16.1%

Total debt$10.4B+10.6%

Total equity$19.5B+10.3%

Total assets$58.8B+5.0%

Cash flow

See full

Operating cash flow$1.5B+41.3%

Free cash flow$522.0M+558%

Valuation

See full

Market cap$90.28B+56.3%

Enterprise value$96.53B+55.1%

P/E19×+4.7×

P/S3.4×+1.1×

Profitability

See full

Gross margin28.2%-1.1pp

Operating margin27.8%+1.5pp

Net margin18%+1.8pp

FCF margin6.2%-2.2pp

Returns & leverage

See full

Return on equity25.5%+2.3pp

Debt / equity0.5×0.0×

Current ratio2.4×+0.1×

Where this comes from

Reported directly by Freeport-McMoRan Inc. in its filing.

Tagged under the XBRL concept us-gaap:PaymentsToAcquireProductiveAssets.

The official record: Freeport-McMoRan Inc.’s 10-Q, filed May 8, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Freeport-McMoRan Inc.'s capex?: Freeport-McMoRan Inc. (FCX) reported capex of $973M in Q1 2026.
How has Freeport-McMoRan Inc.'s capex changed year-over-year?: Freeport-McMoRan Inc.'s capex decreased by 17.0% year-over-year, from $1.17B to $973M.
What is the long-term trend for Freeport-McMoRan Inc.'s capex?: Over 4 years (2021 to 2025), Freeport-McMoRan Inc.'s capex has grown at a 20.7% compound annual growth rate (CAGR), from $2.12B to $4.49B.
What does capex mean?: Cash spent on property, plant, and equipment — the primary measure of investment in productive capacity and infrastructure.