Freeport-McMoRan Inc. FCX Business Segments
| Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | ||
|---|---|---|---|---|---|---|
| Revenue by Business | ||||||
| Atlantic Copper Smelting & Refining | $969M+28.3% | $834M+21.4% | $768M+1.2% | $815M-9.2% | $755M+12.2% | |
| Grasberg Segment | $1.07B-31.7% | —— | —— | —— | $1.57B-39.1% | |
| Morenci | $776M+34.5% | —— | —— | —— | $577M-1.7% | |
| Rod & Refining | $2.06B+26.3% | $1.8B+20.2% | $1.77B+13.7% | $1.69B-0.1% | $1.63B+9.6% | |
| Operating income (loss) by Business | ||||||
| Atlantic Copper Smelting & Refining | $22M+340% | —— | $7M+800% | $13M-53.6% | $5M-28.6% | |
| Grasberg Segment | $842M+8.4% | —— | —— | —— | $777M-44.7% | |
| Morenci | $262M+140% | —— | —— | —— | $109M+38.4% | |
| Rod & Refining | $15M+66.7% | $4M— | $11M+57.1% | $7M-36.4% | $9M-18.2% | |
| Total Assets by Business | ||||||
| Atlantic Copper Smelting & Refining | $1.9B+31.5% | $2.17B+27.3% | $1.62B+8.3% | $1.51B+7.0% | $1.45B+6.9% | |
| Grasberg Segment | $27.96B-0.2% | $27.27B-0.1% | —— | —— | $28.01B— | |
| Morenci | $3.43B+6.0% | $3.41B+5.5% | —— | —— | $3.24B— | |
| Rod & Refining | $374M+2.7% | $333M+64.9% | $389M+32.3% | $432M+58.2% | $364M+41.6% | |
| Selling, general and administrative expenses by Business | ||||||
| Atlantic Copper Smelting & Refining | $11M+22.2% | $9M+28.6% | $7M+16.7% | $7M+16.7% | $9M0.0% | |
| Grasberg Segment | $25M-7.4% | —— | —— | —— | $27M-15.0% | |
| Morenci | $0— | —— | —— | —— | $0-100% | |
| Rod & Refining | $0— | $0— | $0— | $0— | $0— | |
| Production and delivery by Business | ||||||
| Atlantic Copper Smelting & Refining | $929M+26.6% | $821M+26.5% | $753M-0.1% | $791M-7.9% | $734M+12.9% | |
| Cerro Verde | $651M+10.9% | —— | —— | —— | $587M-7.2% | |
| Grasberg Segment | $710M+22.8% | —— | —— | —— | $578M-31.4% | |
| Morenci | $437M+4.3% | —— | —— | —— | $419M-8.2% | |
| Rod & Refining | $2.05B+26.1% | $1.77B+20.5% | $1.77B+13.5% | $1.69B+0.1% | $1.62B+9.1% | |
| Depreciation, depletion and amortization by Business | ||||||
| Atlantic Copper Smelting & Refining | $7M0.0% | $6M-25.0% | $7M+16.7% | $7M0.0% | $7M0.0% | |
| Grasberg Segment | $194M+4.3% | —— | —— | —— | $186M-37.6% | |
| Morenci | $69M+38.0% | —— | —— | —— | $50M+7.0% | |
| Rod & Refining | $1M0.0% | $1M— | $2M0.0% | $1M0.0% | $1M0.0% | |
| Exploration Expense by Business | ||||||
| Atlantic Copper Smelting & Refining | $0— | $0— | $0— | $0— | $0— | |
| Grasberg Segment | $0-100% | —— | —— | —— | $2M0.0% | |
| Morenci | $8M+33.3% | —— | —— | —— | $6M+41.2% | |
| Rod & Refining | $0— | $0— | $0— | $0— | $0— | |
| CapEx by Business | ||||||
| Atlantic Copper Smelting & Refining | $56M+30.2% | $72M+33.3% | $42M+50.0% | $45M+21.6% | $43M+87.0% | |
| Grasberg Segment | $456M-35.2% | —— | —— | —— | $704M+84.8% | |
| Indonesia Segment | $456M-35.2% | —— | $483M-32.3% | $740M+14.2% | $704M-16.4% | |
| Molybdenum | $29M+52.6% | $34M+17.2% | $28M+12.0% | $27M-25.0% | $19M-29.6% | |
| Morenci | $44M-25.4% | —— | —— | —— | $59M+28.3% | |
| Rod & Refining | $14M-17.6% | $18M+50.0% | $19M+171% | $26M+136% | $17M+240% | |
| South America | $114M+34.1% | $132M+28.2% | $110M+10.0% | $92M+2.2% | $85M+3.7% | |
| North America copper mines | $244M-4.3% | $259M-10.7% | $315M+19.8% | $273M+12.3% | $255M+7.6% | |
| 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+1.2% | $2.13B+5.9% | $1.82B-12.3% | $2.17B-4.4% | $2.03B+3.4% | |
| Copper in concentrate | $1.08B-21.9% | $934M-39.0% | $1.97B+10.0% | $2.02B+26.8% | $1.39B-23.8% | |
| Gold | $692M+45.7% | $388M-59.1% | $1.2B-13.6% | $1.83B+96.0% | $475M-59.3% | |
| Molybdenum | $613M+38.7% | $541M+21.0% | $504M+12.0% | $479M+1.5% | $442M+6.0% | |
| Purchased Copper | $89M-70.1% | $0-100% | $18M-88.0% | $173M-34.0% | $298M+104% | |
| Rod and other refined copper products | $1.5B+56.7% | $1.16B+27.2% | $1.33B+31.4% | $969M-0.5% | $960M+0.7% |
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.
