FINHUB Insights

FCX · Q4 FY23 · Oct 1 – Dec 31, 2024

Freeport-McMoRan Q4 FY23: where the revenue came from and where it went

Freeport-McMoRan Q4 FY23: revenue $5.7B (−3% year over year). Net profit $0.7B. Largest cohort Copper Cathode $2.1B. The whole income statement as a sankey diagram from the SEC filing.

Period
Oct 1 – Dec 31, 2024
Reported
Feb 14, 2025 10-K
Sankey diagram of Freeport-McMoRan's income statement for Q4 FY23: revenue of $5.7 billion splits into segments and flows out into costs, taxes and net profit.

Tap the diagram to enlarge · figures in billions of dollars

Revenue$5.7B −3% year over year
Gross profit$1.4B 25% margin
Operating profit$1.2B 22% margin
Net profit$0.7B 13% margin

The numbers

All figures in billions of U.S. dollars, for Q4 FY23 (period ends Dec 31, 2024).
ItemValueShare of revenueYear 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−4.375%
Gross profit1.425% margin−8pp
SG&A−0.12%+0pp
Other−0.11%+0pp
Operating profit1.222% margin−7pp
Tax−0.5
Net profit0.713%−4pp
Filing on EDGAR More quarters of FCX

Source of the numbers: structured XBRL data from the filing (10-K). The diagram is generated automatically and checked against EDGAR before release. The fourth quarter has no column of its own in an annual report, so it is the full year minus the first nine months. How we calculate it → About and methodology.

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