TTM
27.8%
YoY change
−2.53pp
Trough year (2015)
-0.3%
Peak year (1988)
59.7%
Latest annual
24.4%
Operating Margin history chart for Freeport-McMoRan (FCX) from 1987 to 2025
Latest: 24.4%
Operating Margin change chart for Freeport-McMoRan (FCX) from 1987 to 2025
Latest: −2.53pp
Operating Margin history table for Freeport-McMoRan (FCX) from 1987 to 2025
| 2025 | 24.4% | -2.53pp | ||
| 2024 | 27.0% | +0.18pp | ||
| 2023 | 26.8% | -5.58pp | ||
| 2022 | 32.4% | -2.58pp | ||
| 2021 | 34.9% | +21.30pp | ||
| 2020 | 13.6% | +8.99pp | ||
| 2019 | 4.7% | -22.80pp | ||
| 2018 | 27.5% | +6.14pp | ||
| 2017 | 21.3% | +16.25pp | ||
| 2016 | 5.1% | +5.33pp | ||
| 2015 | -0.3% | -22.07pp | ||
| 2014 | 21.8% | -5.99pp | ||
| 2013 | 27.8% | -3.78pp | ||
| 2012 | 31.6% | -13.63pp | ||
| 2011 | 45.2% | -0.86pp | ||
| 2010 | 46.1% | +8.10pp | ||
| 2009 | 38.0% | +8.10pp | ||
| 2008 | 29.9% | -9.52pp | ||
| 2007 | 39.4% | -10.15pp | ||
| 2006 | 49.5% | -2.56pp | ||
| 2005 | 52.1% | +26.10pp | ||
| 2004 | 26.0% | -11.22pp | ||
| 2003 | 37.2% | +3.71pp | ||
| 2002 | 33.5% | +3.98pp | ||
| 2001 | 29.5% | +3.07pp | ||
| 2000 | 26.5% | -4.45pp | ||
| 1999 | 30.9% | -1.78pp | ||
| 1998 | 32.7% | -0.51pp | ||
| 1997 | 33.2% | -0.31pp | ||
| 1996 | 33.5% | +1.20pp | ||
| 1995 | 32.3% | +11.88pp | ||
| 1994 | 20.4% | +3.68pp | ||
| 1993 | 16.7% | -21.95pp | ||
| 1992 | 38.7% | +0.71pp | ||
| 1991 | 38.0% | -9.12pp | ||
| 1990 | 47.1% | -8.23pp | ||
| 1989 | 55.3% | -4.36pp | ||
| 1988 | 59.7% | +19.07pp | ||
| 1987 | 40.6% | — |
- 202524.4%-2.53pp
- 202427.0%+0.18pp
- 202326.8%-5.58pp
- 202232.4%-2.58pp
- 202134.9%+21.30pp
- 202013.6%+8.99pp
- 20194.7%-22.80pp
- 201827.5%+6.14pp
- 201721.3%+16.25pp
- 20165.1%+5.33pp
- 2015-0.3%-22.07pp
- 201421.8%-5.99pp
- 201327.8%-3.78pp
- 201231.6%-13.63pp
- 201145.2%-0.86pp
- 201046.1%+8.10pp
- 200938.0%+8.10pp
- 200829.9%-9.52pp
- 200739.4%-10.15pp
- 200649.5%-2.56pp
- 200552.1%+26.10pp
- 200426.0%-11.22pp
- 200337.2%+3.71pp
- 200233.5%+3.98pp
- 200129.5%+3.07pp
- 200026.5%-4.45pp
- 199930.9%-1.78pp
- 199832.7%-0.51pp
- 199733.2%-0.31pp
- 199633.5%+1.20pp
- 199532.3%+11.88pp
- 199420.4%+3.68pp
- 199316.7%-21.95pp
- 199238.7%+0.71pp
- 199138.0%-9.12pp
- 199047.1%-8.23pp
- 198955.3%-4.36pp
- 198859.7%+19.07pp
- 198740.6%—
Operating Margin values are taken from Freeport-McMoRan's reported income statements (quarterly 10-Q and annual 10-K filings with the U.S. Securities and Exchange Commission). Each row shows the period end date and the filing date. YoY compares each figure to the same period one year earlier. Amounts are in USD as filed.
About Operating Margin at Freeport-McMoRan (FCX)
According to Freeport-McMoRan's latest reported financial statements, the company's latest reported operating margin is 27.8%. Operating margin is operating income divided by revenue — the share of each sales dollar left after cost of goods sold and operating expenses (SG&A, R&D), but before interest and taxes. It isolates how profitable the core business is before financing and tax decisions, so it is comparable across companies with different capital structures.
Headline figure above is from the reporting period ending (reported ). Chart and table below cover the full reported history back to .
As of the 2025 fiscal year, Freeport-McMoRan (FCX) reported operating margin of 24.44% – contracted 2.5 percentage points year-over-year.
Across the available history, operating margin reached its high of 59.70% in 1988 and its low of -0.26% in 2015.
Freeport-McMoRan Operating Margin by Year
Freeport-McMoRan Operating Margin 2025: 24.4%
Freeport-McMoRan posted operating margin of 24.44% in 2025, contracted 2.5 percentage points from 2024.
Freeport-McMoRan Operating Margin 2024: 27.0%
In 2024, Freeport-McMoRan reported operating margin of 26.97%, expanded 0.2 percentage points from 2023.
Freeport-McMoRan Operating Margin 2023: 26.8%
Freeport-McMoRan operating margin in 2023 was 26.79%, contracted 5.6 percentage points from 2022.
Freeport-McMoRan Operating Margin 2022: 32.4%
2022's operating margin for Freeport-McMoRan came in at 32.36%, contracted 2.6 percentage points from 2021.
Freeport-McMoRan Operating Margin 2021: 34.9%
Freeport-McMoRan operating margin in 2021 was 34.95%.
See more financial history for Freeport-McMoRan (FCX).
Sector peers by Operating Margin
Basic Materials peers of Freeport-McMoRan (FCX), ranked by their latest operating margin
| 56.9% | |
| 54.6% | |
| 52.6% | |
| 28.8% | |
| 18.4% | |
| 17.5% | |
| 16.1% | |
| 13.2% |
- 52.6%
- 28.8%
- 17.5%
- 13.2%
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