What is Freeport-McMoRan Inc.'s cerro verde — capex?

Freeport-McMoRan Inc. (FCX) reported cerro verde — capex of $74M in Q1 2026.

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

Freeport-McMoRan Inc.'s cerro verde — capex decreased by 0.0% year-over-year, from $74M to $74M.

What does cerro verde — capex mean?

This measures the cash spent by the segment to acquire, upgrade, or maintain physical assets such as mining machinery and infrastructure. It reflects the level of reinvestment into the business to sustain or grow production capacity.

Freeport-McMoRan Inc. FCX Cerro Verde — CapEx

Other segment segments

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%

Rod & Refining

$14M-17.6%

Similar metrics at other companies

NEMCerro Negro — CapEx

$49M+40.0%

SSRMCC&V — CapEx

$7.48M+437%

KNFCentral — CapEx

$29.35M+13.4%

NVRIClean Earth — CapEx

$14.42M+117%

MDUOther — CapEx

$0-100%

HLCapEx

$39.27M+3.8%

Other financials

Income statement

See full

Revenue$7.0B-7.3%

Gross profit$2.2B-16.9%

Operating income$2.0B-17.6%

Net income$984.0M-36.4%

EPS (diluted)$0.68+28.3%

Balance sheet

See full

Cash & equivalents$4.1B-15.4%

Total debt$10.4B+12.0%

Total equity$20.1B+10.4%

Total assets$59.7B+5.7%

Cash flow

See full

Operating cash flow$2.0B-6.7%

CapEx$1.1B-12.5%

Free cash flow$944.0M+1.1%

Valuation

See full

Market cap$86.24B+57.4%

Enterprise value$92.52B+56.2%

P/E20.6×+7.9×

P/S3.3×+1.2×

Profitability

See full

Gross margin27.1%-2.7pp

Operating margin26.8%0.0pp

Net margin16.2%-0.5pp

FCF margin6.2%-2.2pp

Returns & leverage

See full

Return on equity21.8%-2.3pp

Debt / equity0.5×0.0×

Current ratio2.1×-0.4×

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 cerro verde — capex?: Freeport-McMoRan Inc. (FCX) reported cerro verde — capex of $74M in Q1 2026.
How has Freeport-McMoRan Inc.'s cerro verde — capex changed year-over-year?: Freeport-McMoRan Inc.'s cerro verde — capex decreased by 0.0% year-over-year, from $74M to $74M.
What does cerro verde — capex mean?: This measures the cash spent by the segment to acquire, upgrade, or maintain physical assets such as mining machinery and infrastructure. It reflects the level of reinvestment into the business to sustain or grow production capacity.