Freeport-McMoRan Q1 FY26: where the revenue came from and where it went
The whole income statement of Freeport-McMoRan for this quarter, as one diagram: what earned the revenue, and what it went on.
- Period
- Jan 1 – Mar 31, 2026
- Reported
- May 8, 2026
Revenue$6.23B
+9% year over year
Gross profit$2.30B
37% margin
Operating profit$2.14B
34% margin
Net profit$1.39B
22% margin
The numbers
| Item | Value | Share of revenue | Year over year |
|---|---|---|---|
| Revenue | 6.23 | 100% | +9% |
| Copper cathode | 2.05 | 33% | +1% |
| Refined copper products | 1.50 | 24% | +57% |
| Copper in concentrates | 1.08 | 17% | −22% |
| Gold | 0.69 | 11% | +46% |
| Molybdenum | 0.61 | 10% | +39% |
| Silver & other | 0.28 | 5% | +100% |
| Cost of revenue | −3.94 | 63% | |
| Gross profit | 2.30 | 37% margin | +11pp |
| SG&A | −0.16 | 3% | +0pp |
| Operating profit | 2.14 | 34% margin | +12pp |
| Interest & other costs | −0.10 | ||
| Tax | −0.65 | ||
| Net profit | 1.39 | 22% margin | +8pp |
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