Freeport-McMoRan

FCX · Materials · Market cap $90.1B

Q3 FY25 Jul 1 – Sep 30, 2025 reported Nov 6, 2025

Revenue$7B +3% year over year

Gross profit$2.1B

Operating profit$2B

Net profit$1.2B 18% margin

Numbers and detail

All figures in billions of U.S. dollars, for Q3 FY25 (period ends Sep 30, 2025).
Item	Value	Share of revenue	Year over year
Revenue	7	100%	+3%
Copper In Concentrates	2	29%	+10%
Copper Cathode	1.8	26%	−12%
Refined Copper Products	1.3	19%	+31%
Gold	1.2	17%	−14%
Molybdenum	0.5	7%	+11%
Silver And Other	0.2	3%
Cost of revenue	−4.8	69%
Gross profit	2.1	31% margin	+0pp
SG&A	−0.2	2%	+0pp
Other	−0	1%	+0pp
Operating profit	2	28% margin	+0pp
Tax	−0.7
Interest & other costs	−0.1
Net profit	1.2	18%	+0pp

All figures in billions of U.S. dollars, for Q2 FY25 (period ends Jun 30, 2025).
Item	Value	Share of revenue	Year over year
Revenue	7.6	100%	+14%
Copper Cathode	2.2	29%
Copper In Concentrates	2	26%
Gold	1.8	24%
Refined Copper Products	1	13%
Molybdenum	0.5	7%
Silver And Other	0.2	3%
Cost of revenue	−5	66%
Gross profit	2.6	35% margin	+1pp
SG&A	−0.1	2%	+0pp
Other	−0.1	1%	+0pp
Operating profit	2.4	32% margin	+1pp
Tax	−0.9
Net profit	1.5	20%	+1pp

All figures in billions of U.S. dollars, for Q1 FY25 (period ends Mar 31, 2025).
Item	Value	Share of revenue	Year over year
Revenue	5.7	100%	−9%
Copper Cathode	2	35%	+3%
Copper in Concentrates	1.4	25%	−24%
Refined Copper Products	1	18%	+1%
Gold	0.5	9%	−59%
Molybdenum	0.4	7%	+6%
Purchased Copper	0.3	5%
Silver and Other	0.1	2%
Cost of revenue	−4.2	74%
Gross profit	1.5	26% margin	−3pp
SG&A	−0.2	3%	+0pp
Other	−0	1%	+0pp
Operating profit	1.3	23% margin	−3pp
Tax	−0.5
Net profit	0.8	14%	−5pp

All figures in billions of U.S. dollars, for Q4 FY23 (period ends Dec 31, 2024).
Item	Value	Share of revenue	Year over year
Revenue	5.7	100%	−3%
Copper Cathode	2.1	37%	+20%
Copper in Concentrates	1.5	26%	−19%
Gold	0.9	16%	−13%
Refined Copper Products	0.9	16%	+6%
Or Services	0.2	4%	+19%
Purchased Copper	0.1	2%	+6%
Cost of revenue	−4.3	75%
Gross profit	1.4	25% margin	−8pp
SG&A	−0.1	2%	+0pp
Other	−0.1	1%	+0pp
Operating profit	1.2	22% margin	−7pp
Tax	−0.5
Net profit	0.7	13%	−4pp

Quarter by quarter

Pick a quarter and the diagram above changes. Bars compare revenue across the quarters we hold.

Quarter	Period	Reported	Revenue	Year over year	Operating margin	Net profit	Net margin
Q3 FY25	Jul 1 – Sep 30, 2025	Nov 6, 2025	$7B	+3%	29%	$1.2B	18%
Q2 FY25	Apr 1 – Jun 30, 2025	Aug 8, 2025	$7.6B	+14%	32%	$1.5B	20%
Q1 FY25	Jan 1 – Mar 31, 2025	May 8, 2025	$5.7B	−9%	23%	$0.8B	14%
Q4 FY23	Oct 1 – Dec 31, 2024	Feb 14, 2025	$5.7B	−3%	21%	$0.7B	13%