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Freeport-McMoRan Inc. FCX Operating margin

Operating margin at other companies

Southern Copper logo
Southern CopperSCCO
54.6%+5.3pp
Coeur Mining logo
Coeur MiningCDE
38.7%+19.6pp
Royal Gold logo
Royal GoldRGLD
62.2%-0.3pp
Martin Marietta Materials logo
Martin Marietta MaterialsMLM
23.1%+0.2pp

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

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Cash & equivalents$4.1B-16.2%
Total debt$10.4B+10.6%
Total equity$19.5B+10.3%
Total assets$58.8B+5.0%

Cash flow

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Operating cash flow$1.5B+41.3%
CapEx$973.0M-17.0%
Free cash flow$522.0M+558%

Valuation

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Market cap$99.28B+55.3%
Enterprise value$105.53B+54.1%
P/E20.9×+5.1×
P/S3.8×+1.2×

Profitability

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Gross margin28.2%-1.1pp
Net margin18%+1.8pp

Returns & leverage

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Return on equity25.5%+2.3pp
Debt / equity0.5×0.0×
Current ratio2.4×+0.1×

Where this comes from

Calculated from Freeport-McMoRan Inc.’s reported figures.

Based on trailing twelve months.

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 operating margin?
Freeport-McMoRan Inc. (FCX) reported operating margin of 27.8% in Q1 2026.
How has Freeport-McMoRan Inc.'s operating margin changed year-over-year?
Freeport-McMoRan Inc.'s operating margin increased by 5.9% year-over-year, from 26.3% to 27.8%.
What is the long-term trend for Freeport-McMoRan Inc.'s operating margin?
Over 4 years (2021 to 2025), Freeport-McMoRan Inc.'s operating margin has grown at a -5.8% compound annual growth rate (CAGR), from 133.3% to 104.9%.
What does operating margin mean?
The profit left from core operations for every dollar of sales, before interest and taxes.
How do you interpret operating margin?
Expanding operating margin shows operating leverage — revenue growing faster than the cost base. Compression points to rising overhead, pricing pressure, or investment ahead of revenue.
How does operating margin compare across companies?
Strong cross-company signal within a sector. Capital-light businesses sustain higher operating margins than capital-intensive ones.