financial statements

The full income statement, balance sheet, and cash-flow statement for Freeport-McMoRan Inc. (FCX), plus valuation ratios — straight from SEC filings. Switch between annual, quarterly, and trailing-twelve-month figures, pick how far back to look, and flip the time order. Every line has a trend sparkline.

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PeriodRangeOrderChangeYoYQoQAs-reported fiscal years.

Line item	FY2025	FY2024	FY2023	FY2022	FY2021
Income Statement	as ofDec 31 ’25	as ofDec 31 ’24	as ofDec 31 ’23	as ofDec 31 ’22	as ofDec 31 ’21
Revenue	25.2B YoY+0.1%	25.2B YoY+10.9%	22.7B YoY-2.4%	23.3B YoY+3.8%	22.4B YoY+61.4%
Cost of revenue	18.6B YoY+4.6%	17.8B YoY+13.4%	15.7B YoY+4.0%	15.1B YoY+7.5%	14.0B YoY+20.4%
Selling, general & administrative	545M YoY+6.2%	513M YoY+7.1%	479M YoY+14.0%	420M YoY+9.7%	383M YoY+3.5%
Operating income	6.52B YoY-5.0%	6.86B YoY+10.3%	6.22B YoY-11.5%	7.04B YoY-15.9%	8.37B YoY+243.3%
Net interest income	-369M YoY-15.7%	-319M YoY+38.1%	-515M YoY+8.0%	-560M YoY+7.0%	-602M YoY-0.7%
Other non-operating income	223M YoY-38.4%	362M YoY+26.6%	286M YoY+38.2%	207M YoY+297.1%	-105M YoY-278.0%
Equity-method income	1.00M YoY-93.3%	15.0M YoY+0.0%	15.0M YoY-51.6%	31.0M YoY+520.0%	5.00M YoY-58.3%
Pre-tax income	6.37B YoY-7.7%	6.91B YoY+15.0%	6.01B YoY-10.6%	6.71B YoY-12.3%	7.66B YoY+326.2%
Income tax	2.22B YoY-12.0%	2.52B YoY+11.1%	2.27B YoY+0.1%	2.27B YoY-1.4%	2.30B YoY+143.5%
	2.20B YoY+16.7%	1.89B YoY+2.2%	1.85B YoY-46.7%	3.47B YoY-19.5%	4.31B YoY+397.8%
Income from continuing operations	—	—	—	—	4.30B YoY+621.3%
Discontinued operations	—	—	—	—	0.00
Net income to non-controlling interest	1.95B YoY-22.4%	2.51B YoY+31.9%	1.90B YoY+88.2%	1.01B YoY-4.5%	1.06B YoY+298.1%
Net income to common	2.20B YoY+16.7%	1.89B YoY+2.2%	1.85B YoY-46.7%	3.47B YoY-19.5%	4.31B YoY+618.9%
	—	—	—	—	$2.90 YoY+607.3%
EPS (basic)	—	—	—	—	$2.93 YoY+614.6%
Weighted-avg shares (basic)	1.44B YoY-0.1%	1.44B YoY+0.3%	1.43B YoY-0.5%	1.44B YoY-1.7%	1.47B YoY+0.9%
Weighted-avg shares (diluted)	1.44B YoY-0.1%	1.45B YoY+0.1%	1.44B YoY-0.6%	1.45B YoY-2.1%	1.48B YoY+1.4%
Dividends per share	$0.60 YoY+0.0%	$0.60 YoY+0.0%	$0.60 YoY+0.0%	$0.60 YoY+60.0%	$0.38
Balance Sheet	as ofDec 31 ’25	as ofDec 31 ’24	as ofDec 31 ’23	as ofDec 31 ’22	as ofDec 31 ’21
	13.8B YoY+3.7%	13.3B YoY-5.5%	14.1B YoY-9.9%	15.6B YoY+5.3%	14.8B YoY+59.4%
Cash & equivalents	3.82B YoY-2.5%	3.92B YoY-17.5%	4.76B YoY-41.6%	8.15B YoY+1.0%	8.07B YoY+120.6%
Accounts receivable	977M YoY+69.0%	578M YoY-52.2%	1.21B YoY-9.5%	1.34B YoY+14.4%	1.17B YoY+30.9%
Inventory	5.02B YoY+0.0%	5.02B YoY+0.0%	5.02B YoY+0.0%	5.02B YoY+0.0%	5.02B YoY+0.0%
Other current assets	580M YoY+8.4%	535M YoY+42.7%	375M YoY-1.6%	381M YoY-27.2%	523M YoY+53.4%
	58.2B YoY+6.1%	54.8B YoY+4.5%	52.5B YoY+2.8%	51.1B YoY+6.4%	48.0B YoY+13.9%
Property, plant & equipment	40.7B YoY+5.8%	38.5B YoY+9.1%	35.3B YoY+8.2%	32.6B YoY+7.5%	30.3B YoY+1.8%
Operating lease right-of-use	1.21B YoY+41.3%	853M YoY+90.4%	448M YoY+31.0%	342M YoY+1.5%	337M YoY+62.8%
Goodwill	0.00	0.00	0.00	0.00	0.00
Intangible assets	432M YoY+0.9%	428M YoY+1.4%	422M YoY+1.4%	416M YoY+1.0%	412M YoY+2.7%
Other non-current assets	1.66B YoY+10.0%	1.51B YoY-16.7%	1.81B YoY+13.1%	1.60B YoY+9.7%	1.46B YoY-6.4%
	6.02B YoY+9.5%	5.50B YoY-5.5%	5.82B YoY-8.4%	6.34B YoY+7.7%	5.89B YoY+72.4%
Accounts payable	2.95B YoY+5.7%	2.79B YoY+13.1%	2.47B YoY-8.7%	2.70B YoY+32.7%	2.04B YoY+38.2%
Accrued liabilities	4.57B YoY+12.5%	4.06B YoY+8.8%	3.73B YoY-7.4%	4.03B YoY+15.2%	3.50B YoY+29.1%
Deferred revenue	35.0M YoY+0.0%	35.0M YoY+0.0%	35.0M YoY+0.0%	35.0M YoY+0.0%	35.0M YoY+0.0%
Short-term & current debt	466M YoY+1036.6%	41.0M YoY-94.6%	766M YoY-26.1%	1.04B YoY+178.8%	372M YoY+994.1%
Current lease liability	103M YoY+5.1%	98.0M YoY+16.7%	84.0M YoY+121.1%	38.0M YoY+0.0%	38.0M YoY+0.0%
	27.4B YoY+5.1%	26.1B YoY+3.5%	25.2B YoY-3.9%	26.2B YoY+4.9%	25.0B YoY+6.5%
Long-term debt	8.91B YoY+0.1%	8.91B YoY+2.9%	8.66B YoY-9.7%	9.58B YoY+5.6%	9.08B YoY-6.2%
Non-current lease liability	1.01B YoY+46.0%	692M YoY+99.4%	347M YoY+18.0%	294M YoY+4.6%	281M YoY+47.9%
Deferred tax liabilities	4.62B YoY+5.6%	4.38B YoY-1.7%	4.45B YoY+4.3%	4.27B YoY+0.8%	4.23B YoY-3.9%
Other non-current liabilities	1.30B YoY+8.5%	1.20B YoY-27.5%	1.65B YoY+5.5%	1.56B YoY-7.2%	1.68B YoY-25.8%
	18.9B YoY+7.5%	17.6B YoY+5.3%	16.7B YoY+7.3%	15.6B YoY+11.3%	14.0B YoY+37.4%
Preferred stock	832M YoY+0.0%	832M YoY+0.0%	832M YoY+0.0%	832M YoY+0.0%	832M YoY+0.0%
Common stock	163M YoY+0.6%	162M YoY+0.0%	162M YoY+0.6%	161M YoY+0.6%	160M YoY+0.6%
Additional paid-in capital	23.7B YoY-0.5%	23.8B YoY-3.4%	24.6B YoY-2.7%	25.3B YoY-2.1%	25.9B YoY-0.6%
Retained earnings	1.39B YoY+914.7%	-170M YoY+91.7%	-2.06B YoY+47.3%	-3.91B YoY+47.0%	-7.38B YoY+36.9%
Treasury stock	6.02B YoY+2.2%	5.89B YoY+2.1%	5.77B YoY+1.3%	5.70B YoY+32.8%	4.29B YoY+14.2%
Accumulated other comprehensive income	-305M YoY+2.9%	-314M YoY-14.6%	-274M YoY+14.4%	-320M YoY+17.5%	-388M YoY+33.4%
Non-controlling interest	11.9B YoY+6.0%	11.2B YoY+5.5%	10.6B YoY+14.0%	9.32B YoY+3.1%	9.04B YoY+6.4%
Total equity incl. non-controlling	30.8B YoY+6.9%	28.8B YoY+5.4%	27.3B YoY+9.8%	24.9B YoY+8.0%	23.0B YoY+23.3%
Total liabilities & equity	58.2B YoY+6.1%	54.8B YoY+4.5%	52.5B YoY+2.8%	51.1B YoY+6.4%	48.0B YoY+13.9%
Common shares issued	1.63B YoY+0.2%	1.62B YoY+0.3%	1.62B YoY+0.4%	1.61B YoY+0.6%	1.60B YoY+0.8%
Common shares outstanding	945M YoY+0.0%	945M YoY+0.0%	945M YoY+0.0%	945M YoY+0.0%	945M YoY+0.0%
Shares outstanding (cover)	1.44B YoY-0.1%	1.44B YoY+0.2%	1.43B YoY+0.3%	1.43B YoY-2.7%	1.47B YoY+1.1%
Cash Flow	as ofDec 31 ’25	as ofDec 31 ’24	as ofDec 31 ’23	as ofDec 31 ’22	as ofDec 31 ’21
	5.61B YoY-21.6%	7.16B YoY+35.6%	5.28B YoY+2.7%	5.14B YoY-33.4%	7.71B YoY+155.7%
Depreciation & amortization	2.24B YoY+0.1%	2.24B YoY+8.4%	2.07B YoY+2.4%	2.02B YoY+1.1%	2.00B YoY+30.8%
Share-based compensation	121M YoY+11.0%	109M YoY+0.0%	109M YoY+14.7%	95.0M YoY-3.1%	98.0M YoY-1.0%
Deferred income taxes	253M YoY+441.9%	-74.0M YoY-119.8%	373M YoY+24.7%	299M YoY+41.7%	211M YoY-29.2%
Change in inventory	709M YoY+11.1%	638M YoY-26.9%	873M YoY+52.4%	573M YoY-7.3%	618M YoY+1571.4%
Other operating activities	23.0M YoY-56.6%	53.0M YoY+260.6%	-33.0M YoY-1000.0%	-3.00M YoY+96.1%	-77.0M YoY-240.0%
	-4.47B YoY+11.1%	-5.03B YoY-1.5%	-4.96B YoY-44.1%	-3.44B YoY-75.2%	-1.96B YoY-55.4%
Capital expenditure	4.49B YoY-6.5%	4.81B YoY-0.3%	4.82B YoY+39.1%	3.47B YoY+64.0%	2.12B YoY+7.9%
Other investing activities	-22.0M YoY-22.2%	-18.0M YoY-700.0%	3.00M YoY-78.6%	14.0M YoY-48.1%	27.0M YoY+285.7%
	-1.88B YoY+42.9%	-3.28B YoY-23.9%	-2.65B YoY-63.3%	-1.62B YoY-21.1%	-1.34B YoY-946.9%
Common stock repurchased	107M YoY+81.4%	59.0M	0.00 YoY-100.0%	1.35B YoY+176.0%	488M
Dividends paid	865M YoY+0.0%	865M YoY+0.2%	863M YoY-0.3%	866M YoY+161.6%	331M YoY+353.4%
Other financing activities	0.00	0.00 YoY+100.0%	-7.00M YoY+83.3%	-42.0M YoY-2.4%	-41.0M YoY+21.2%
Net change in cash	-738M YoY+35.9%	-1.15B YoY+50.5%	-2.33B YoY-3161.8%	76.0M YoY-98.3%	4.41B YoY+171.4%
Interest paid	256M YoY+24.3%	206M YoY-50.8%	419M YoY+0.5%	417M YoY-34.8%	640M YoY+35.6%
Income taxes paid	2.90B YoY+13.6%	2.55B YoY+27.2%	2.01B YoY-35.3%	3.10B YoY+138.5%	1.30B YoY+227.5%
Valuation Ratios	as ofDec 31 ’25	as ofDec 31 ’24	as ofDec 31 ’23	as ofDec 31 ’22	as ofDec 31 ’21
Market cap	72.9B YoY+33.3%	54.7B YoY-10.4%	61.0B YoY+12.4%	54.3B YoY-11.4%	61.3B YoY+62.1%
P/E	33.1× YoY+14.2%	29.0× YoY+28.6%	22.5× YoY+57.6%	14.3× YoY+0.4%	14.2× YoY-67.4%
P/S	2.9× YoY+33.2%	2.2× YoY-20.4%	2.7× YoY+19.6%	2.3× YoY-16.4%	2.7× YoY+0.4%
P/B	3.9× YoY+24.0%	3.1× YoY-16.1%	3.7× YoY+2.1%	3.6× YoY-17.1%	4.4× YoY+18.0%
P/FCF	65.4× YoY+180.9%	23.3× YoY-80.2%	117.6× YoY+583.5%	17.2× YoY+57.2%	10.9× YoY-69.4%
Earnings yield	3.0% YoY-12.5%	3.5% YoY-22.3%	4.4% YoY-36.6%	7.0% YoY-0.4%	7.0% YoY+207.1%
FCF yield	1.5% YoY-64.4%	4.3% YoY+405.5%	0.9% YoY-85.4%	5.8% YoY-36.4%	9.1% YoY+227.1%
Dividend yield	1.2% YoY-25.0%	1.6% YoY+11.8%	1.4% YoY-10.7%	1.6% YoY+75.7%	0.9%
Source filing	10-K	10-K	10-K	10-K	10-K

About this data

Source: FCX's SEC filings (10-K / 10-Q). Annual columns are as-reported fiscal years; quarterly columns are as-reported fiscal quarters (Q4 derived as full-year minus the first three quarters where a company doesn't file a standalone Q4); TTM (quarterly) rolls the trailing four quarters at every quarter end, TTM (yearly) samples that one year apart; balance-sheet rows show the period-end balance. Valuation ratios are sampled as of each period end. View all FCX filings on SEC EDGAR → Not investment advice.

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About this data

financial statements