How does Freeport-McMoRan (FCX) make money?

Freeport-McMoRan (FCX) generates revenue primarily from Copper Cathode, which accounted for 33.3% of total revenue in TTM through Q2 2026. The company reported $25.9B in revenue and converted 11.4% of it into net profit, equivalent to roughly $2.95B in net income — what's left after the cost of revenue, operating expenses, interest, and income taxes.

What is the gross profit margin of Freeport-McMoRan (FCX)?

Freeport-McMoRan (FCX) reported a gross profit margin of 26.8% in TTM through Q2 2026, equivalent to $6.95B in gross profit on $25.9B in revenue. Gross margin measures how much of each dollar of revenue remains after the direct cost of producing or delivering the product — a higher figure typically signals pricing power, scale, or a less capital-intensive business model.

What is the operating profit margin of Freeport-McMoRan (FCX)?

Freeport-McMoRan (FCX) reported an operating profit margin of 26.7% in TTM through Q2 2026, equivalent to $6.91B in operating income. Operating margin captures profitability after research & development, sales & marketing, and general & administrative expenses — but before interest, taxes, and one-off items — and is the cleanest single read on the underlying business's efficiency.

What is the net profit margin of Freeport-McMoRan (FCX)?

Freeport-McMoRan (FCX) reported a net profit margin of 11.4% in TTM through Q2 2026, equivalent to $2.95B in net income. Net margin is the bottom-line share of revenue that survives every expense — operating costs, interest, and income taxes — and is the figure that flows directly into earnings per share.

Is Freeport-McMoRan (FCX) profitable?

Yes. Freeport-McMoRan (FCX) reported $2.95B in net income for TTM through Q2 2026, with a net profit margin of 11.4%. The company earned more from its operations than it paid out in costs, interest, and income taxes, leaving positive earnings on the bottom line.

How much does Freeport-McMoRan (FCX) invest in research and development?

Freeport-McMoRan (FCX) invested $91M in research and development during TTM through Q2 2026, roughly 0.4% of total revenue. R&D spending funds the company's future product pipeline and is expensed in full on the income statement rather than capitalised, which makes the operating margin sensitive to how aggressively management chooses to reinvest in innovation.

How much free cash flow does Freeport-McMoRan (FCX) generate?

Freeport-McMoRan (FCX) generated $5.92B in free cash flow during TTM through Q2 2026, a free-cash-flow margin of 22.9%. Free cash flow is the cash left after capital expenditures and represents the discretionary pool the company can use to pay dividends, repurchase shares, repay debt, or fund acquisitions without raising external capital.

What is the effective tax rate of Freeport-McMoRan (FCX)?

Freeport-McMoRan (FCX) had an effective tax rate of 31.1% in TTM through Q2 2026. The effective rate is the actual share of pre-tax income paid as income taxes and can differ materially from the statutory rate due to foreign earnings mix, tax credits (such as R&D), share-based compensation deductions, and one-off discrete items.

What are the main business segments of Freeport-McMoRan (FCX)?

Freeport-McMoRan (FCX) reports revenue across 6 reportable product segments, led by Copper Cathode at 33.3% of total revenue in TTM through Q2 2026. See the revenue-by-segment table on this page for the full breakdown and how each segment feeds into the income-statement waterfall above.

How Freeport-McMoRan Makes Money: 2026 Visual Revenue Map

Freeport-McMoRan (FCX) Income Statement Flow — TTM through Q2 2026

Calculated from the four most recent reported quarters, ending June 30, 2026 (reported July 23, 2026).

Freeport-McMoRan discloses geographic revenue only in annual filings. to view the full breakdown.

Freeport-McMoRan (FCX) Revenue by Product Segment — TTM through Q2 2026

Aggregated from the four quarterly disclosures behind this TTM. Minor differences vs the company's annual filing can occur if reported segments changed mid-year.

Revenue contribution by product segment for Freeport-McMoRan (FCX), TTM through Q2 2026.
Segment	Revenue (USD)	% of total
Copper Cathode	$8.61B	33.3%
Refined Copper Products	$5.73B	22.2%
Copper In Concentrates	$5.72B	22.1%
Gold	$3.28B	12.7%
Molybdenum	$2.38B	9.2%
Purchased Copper	$154M	0.6%
Total	$25.9B	100%

Copper Cathode$8.61B
Refined Copper Products$5.73B
Copper In Concentrates$5.72B
Gold$3.28B
Molybdenum$2.38B
Purchased Copper$154M
Total$25.9B

Revenue Breakdown — TTM through Q2 2026

In TTM through Q2 2026, Freeport-McMoRan (FCX) reports revenue across 6 reportable product segments; the largest segment was Copper Cathode at 33.3%, followed by Refined Copper Products (22.2%) and Copper In Concentrates (22.1%).

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