Freeport-McMoRan Inc. FCX Business Segments
| Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | ||
|---|---|---|---|---|---|---|
| Revenue by Business | ||||||
| Atlantic Copper Smelting & Refining | $969M+16.2% | $834M+8.6% | $768M-5.8% | $815M+7.9% | $755M+9.9% | |
| Grasberg Segment | $1.07B— | —— | —— | —— | $1.57B-39.1% | |
| Morenci | $776M— | —— | —— | —— | $577M-1.7% | |
| Rod & Refining | $2.06B+14.6% | $1.8B+1.5% | $1.77B+4.8% | $1.69B+3.7% | $1.63B+9.0% | |
| Operating income (loss) by Business | ||||||
| Atlantic Copper Smelting & Refining | $22M— | —— | $7M-46.2% | $13M+160% | $5M-66.7% | |
| Grasberg Segment | $842M— | —— | —— | —— | $777M-44.7% | |
| Morenci | $262M— | —— | —— | —— | $109M+38.4% | |
| Rod & Refining | $15M+275% | $4M-63.6% | $11M+57.1% | $7M-22.2% | $9M— | |
| Total Assets by Business | ||||||
| Atlantic Copper Smelting & Refining | $1.9B-12.3% | $2.17B+34.4% | $1.62B+7.1% | $1.51B+4.1% | $1.45B-15.1% | |
| Grasberg Segment | $27.96B+2.5% | $27.27B— | —— | —— | $28.01B+2.6% | |
| Morenci | $3.43B+0.8% | $3.41B— | —— | —— | $3.24B+0.3% | |
| Rod & Refining | $374M+12.3% | $333M-14.4% | $389M-10.0% | $432M+18.7% | $364M+80.2% | |
| Selling, general and administrative expenses by Business | ||||||
| Atlantic Copper Smelting & Refining | $11M+22.2% | $9M+28.6% | $7M0.0% | $7M-22.2% | $9M+28.6% | |
| Grasberg Segment | $25M— | —— | —— | —— | $27M-15.0% | |
| Morenci | $0— | —— | —— | —— | $0-100% | |
| Rod & Refining | $0— | $0— | $0— | $0— | $0— | |
| Production and delivery by Business | ||||||
| Atlantic Copper Smelting & Refining | $929M+13.2% | $821M+9.0% | $753M-4.8% | $791M+7.8% | $734M+13.1% | |
| Cerro Verde | $651M— | —— | —— | —— | $587M-7.2% | |
| Grasberg Segment | $710M— | —— | —— | —— | $578M-31.4% | |
| Morenci | $437M— | —— | —— | —— | $419M-8.2% | |
| Rod & Refining | $2.05B+15.9% | $1.77B-0.4% | $1.77B+4.7% | $1.69B+4.4% | $1.62B+10.7% | |
| Depreciation, depletion and amortization by Business | ||||||
| Atlantic Copper Smelting & Refining | $7M+16.7% | $6M-14.3% | $7M0.0% | $7M0.0% | $7M-12.5% | |
| Grasberg Segment | $194M— | —— | —— | —— | $186M-37.6% | |
| Morenci | $69M— | —— | —— | —— | $50M+7.0% | |
| Rod & Refining | $1M0.0% | $1M-50.0% | $2M+100% | $1M0.0% | $1M— | |
| Exploration Expense by Business | ||||||
| Atlantic Copper Smelting & Refining | $0— | $0— | $0— | $0— | $0— | |
| Grasberg Segment | $0— | —— | —— | —— | $2M0.0% | |
| Morenci | $8M— | —— | —— | —— | $6M+41.2% | |
| Rod & Refining | $0— | $0— | $0— | $0— | $0— | |
| CapEx by Business | ||||||
| Atlantic Copper Smelting & Refining | $56M-22.2% | $72M+71.4% | $42M-6.7% | $45M+4.7% | $43M-20.4% | |
| Grasberg Segment | $456M— | —— | —— | —— | $704M-58.8% | |
| Indonesia Segment | $456M— | —— | $483M-34.7% | $740M+5.1% | $704M— | |
| Molybdenum | $29M-14.7% | $34M+21.4% | $28M+3.7% | $27M+42.1% | $19M-34.5% | |
| Morenci | $44M— | —— | —— | —— | $59M+28.3% | |
| Rod & Refining | $14M-22.2% | $18M-5.3% | $19M-26.9% | $26M+52.9% | $17M+41.7% | |
| South America | $114M-13.6% | $132M+20.0% | $110M+19.6% | $92M+8.2% | $85M-17.5% | |
| North America copper mines | $244M-5.8% | $259M-17.8% | $315M+15.4% | $273M+7.1% | $255M-12.1% | |
| PTFI mud rush incident insurance settlement by Business | ||||||
| Atlantic Copper Smelting and Refining Segment | $0— | —— | —— | —— | —— | |
| Grasberg Segment | $699M— | —— | —— | —— | —— | |
| Morenci | $0— | —— | —— | —— | —— | |
| Rod and Refining Segment | $0— | —— | —— | —— | —— | |
| Revenue from Contract with Customer, Including Assessed Tax by Product | ||||||
| Copper Cathode | $2.05B-3.8% | $2.13B+17.3% | $1.82B-16.4% | $2.17B+7.3% | $2.03B+0.6% | |
| Copper in concentrate | $1.08B+16.0% | $934M-52.5% | $1.97B-2.8% | $2.02B+46.0% | $1.39B-9.4% | |
| Gold | $692M+78.4% | $388M-67.8% | $1.2B-34.3% | $1.83B+286% | $475M-49.9% | |
| Molybdenum | $613M+13.3% | $541M+7.3% | $504M+5.2% | $479M+8.4% | $442M-1.1% | |
| Purchased Copper | $89M— | $0-100% | $18M-89.6% | $173M-41.9% | $298M+137% | |
| Rod and other refined copper products | $1.5B+29.7% | $1.16B-12.8% | $1.33B+37.3% | $969M+0.9% | $960M+5.3% |
Chart any of these lines over time, or line them up against competitors.
Compare these in charts →Questions, answered.
- How does Freeport-McMoRan Inc. break its business down?
- Freeport-McMoRan Inc. (FCX) reports revenue by business across 4 parts — Atlantic Copper Smelting & Refining, Grasberg Segment, Morenci and Rod & Refining. Each is extracted from the segment footnotes and tracked over time.
- Where does Freeport-McMoRan Inc.'s segment data come from?
- Segment breakdowns are pulled from the segment footnotes in Freeport-McMoRan Inc.'s SEC filings (the XBRL dimensional tags), so every line ties back to a reported figure. Switch between quarterly, annual, and TTM, or open any segment for its full history.
