How has Freeport-McMoRan Inc.'s cerro verde — operating income (loss) changed year-over-year?

Freeport-McMoRan Inc.'s cerro verde — operating income (loss) increased by 56.0% year-over-year, from $409M to $638M.

What does cerro verde — operating income (loss) mean?

This is the profit or loss generated by the segment after subtracting production, administrative, and exploration costs from total revenue. It is the primary measure of the segment's core operational profitability before interest and taxes.

Freeport-McMoRan Inc. FCX Cerro Verde — Operating income (loss)

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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

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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

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Operating cash flow$2.0B-6.7%

CapEx$1.1B-12.5%

Free cash flow$944.0M+1.1%

Valuation

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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:OperatingIncomeLoss.

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 — operating income (loss)?: Freeport-McMoRan Inc. (FCX) reported cerro verde — operating income (loss) of $638M in Q1 2026.
How has Freeport-McMoRan Inc.'s cerro verde — operating income (loss) changed year-over-year?: Freeport-McMoRan Inc.'s cerro verde — operating income (loss) increased by 56.0% year-over-year, from $409M to $638M.
What does cerro verde — operating income (loss) mean?: This is the profit or loss generated by the segment after subtracting production, administrative, and exploration costs from total revenue. It is the primary measure of the segment's core operational profitability before interest and taxes.