CapEx
Freeport-McMoRan Inc. CapEx decreased by 3.2% to $973.00M in Q1 2026 compared to the prior quarter. Year-over-year, this metric declined by 17.0%, from $1.17B to $973.00M. Over 4 years (FY 2021 to FY 2025), CapEx shows an upward trend with a 20.7% CAGR.
Analysis
How to read this metric
An increase signals growth investment or infrastructure modernization; a decrease might suggest cost-cutting or a transition to an asset-light model.
Detailed definition
Funds used by a company to acquire, upgrade, and maintain physical assets such as property, plants, buildings, technolog...
Peer comparison
Hardware-focused tech firms typically have higher CapEx relative to revenue than pure software companies due to manufacturing and supply chain needs.
capital_expendituresHistorical 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 | $433.00M | $541.00M | $771.00M | $723.00M | $863.00M | $836.00M | $1.05B | $1.12B | $1.16B | $1.18B | $1.36B | $1.25B | $1.12B | $1.20B | $1.24B | $1.17B | $1.26B | $1.06B | $1.01B | $973.00M |
| QoQ Change | — | +24.9% | +42.5% | -6.2% | +19.4% | -3.1% | +25.2% | +7.1% | +3.7% | +1.3% | +15.6% | -7.9% | -11.0% | +7.4% | +3.3% | -5.4% | +7.6% | -16.3% | -4.8% | -3.2% |
| YoY Change | — | — | — | — | +99.3% | +54.5% | +35.8% | +55.0% | +34.8% | +40.9% | +30.1% | +11.9% | -4.0% | +1.8% | -9.0% | -6.5% | +13.0% | -11.9% | -18.9% | -17.0% |
Business Segments
| Segment | Q2 '24 | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 |
|---|---|---|---|---|---|---|---|---|
| Grasberg Segment | $369.00M | $448.00M | $1.71B | $704.00M | — | — | — | $456.00M |
| Atlantic Copper Smelting and Refining Segment | $37.00M | $28.00M | $54.00M | $43.00M | $45.00M | $42.00M | $72.00M | $56.00M |
| Morenci | — | — | — | — | — | — | — | $44.00M |
| Rod and Refining Segment | $11.00M | $7.00M | $12.00M | $17.00M | $26.00M | $19.00M | $18.00M | $14.00M |
| Molybdenum | $36.00M | $25.00M | $29.00M | $19.00M | $27.00M | $28.00M | — | — |
| Total | $1.12B | $1.20B | $1.24B | $1.17B | $1.26B | $1.06B | $1.01B | $973.00M |
Indonesia Smelter 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 |
|---|---|---|---|---|---|---|---|---|
| North America | $216.00M | $237.00M | $243.00M | $263.00M | $290.00M | $255.00M | $273.00M | $315.00M |
| South America | $109.00M | $82.00M | $90.00M | $100.00M | $103.00M | $85.00M | $92.00M | $110.00M |
| Total | $1.36B | $1.25B | $1.12B | $1.20B | $1.24B | $1.17B | $1.26B | $1.06B |
North America, South America were previously reported and have since been discontinued or reclassified. Only currently active segments are shown in the chart.
CapEx at Other Companies
Frequently Asked Questions
- What is Freeport-McMoRan Inc.'s capex?
- Freeport-McMoRan Inc. (FCX) reported capex of $973.00M 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 $973.00M.
- 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?
- The money spent on long-term physical assets like machinery, data centers, and office buildings.