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Freeport-McMoRan Inc. FCX Mining Operations — Capitalized interest

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Other financials

Income statement

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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

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Gross margin27.1%-2.7pp
Operating margin26.8%0.0pp
Net margin16.2%-0.5pp
FCF margin6.2%-2.2pp

Returns & leverage

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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:InterestCostsCapitalized.

The official record: Freeport-McMoRan Inc.’s 10-K, filed February 13, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Freeport-McMoRan Inc.'s mining operations — capitalized interest?
Freeport-McMoRan Inc. (FCX) reported mining operations — capitalized interest of $85.5M in Q4 2025.
How has Freeport-McMoRan Inc.'s mining operations — capitalized interest changed year-over-year?
Freeport-McMoRan Inc.'s mining operations — capitalized interest decreased by 12.5% year-over-year, from $97.75M to $85.5M.
What is the long-term trend for Freeport-McMoRan Inc.'s mining operations — capitalized interest?
Over 4 years (2021 to 2025), Freeport-McMoRan Inc.'s mining operations — capitalized interest has grown at a 47.6% compound annual growth rate (CAGR), from $72M to $342M.
What does mining operations — capitalized interest mean?
This metric represents the portion of interest costs incurred during the construction or development phase of mining assets that is added to the cost of the asset rather than being expensed immediately. It reflects the company's investment in long-term capital projects and infrastructure within its mining operations. By capitalizing these costs, the company aligns the interest expense with the period in which the asset generates economic benefits.