Freeport-McMoRan Income Statement

Financials in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Revenue	25,915	25,455	22,855	22,780	22,845
Revenue Growth (YoY)	1.81%	11.38%	0.33%	-0.29%	60.90%
Cost of Revenue	16,310	15,388	13,560	13,070	11,940
Gross Profit	9,605	10,067	9,295	9,710	10,905
Selling, General & Admin	545	533	520	444	376
Other Operating Expenses	58	127	254	121	91
Operating Expenses	3,103	3,126	3,046	2,699	2,520
Operating Income	6,502	6,941	6,249	7,011	8,385
Interest Expense	-369	-319	-454	-560	-559
Earnings From Equity Investments	1	15	15	31	5
Currency Exchange Gain (Loss)	-	17	20	9	66
Other Non Operating Income (Expenses)	223	339	376	222	-178
EBT Excluding Unusual Items	6,357	6,993	6,206	6,713	7,719
Gain (Loss) on Sale of Assets	16	-	-	2	80
Legal Settlements	-	-	-195	-	-43
Other Unusual Items	-	-71	10	31	-92
Pretax Income	6,373	6,922	6,021	6,746	7,664
Income Tax Expense	2,221	2,523	2,270	2,267	2,299
Earnings From Continuing Operations	4,152	4,399	3,751	4,479	5,365
Net Income to Company	4,152	4,399	3,751	4,479	5,365
Minority Interest in Earnings	-1,948	-2,510	-1,903	-1,011	-1,059
Net Income	2,204	1,889	1,848	3,468	4,306
Preferred Dividends & Other Adjustments	-	6	6	7	7
Net Income to Common	2,204	1,883	1,842	3,461	4,299
Net Income Growth	16.68%	2.22%	-46.71%	-19.46%	618.87%
Shares Outstanding (Basic)	1,443	1,438	1,434	1,441	1,466
Shares Outstanding (Diluted)	1,443	1,445	1,443	1,451	1,482
Shares Change (YoY)	-0.14%	0.14%	-0.55%	-2.09%	1.44%
EPS (Basic)	1.53	1.31	1.28	2.40	2.93
EPS (Diluted)	1.52	1.30	1.28	2.39	2.90
EPS Growth	16.92%	1.56%	-46.44%	-17.59%	607.32%
Free Cash Flow	1,116	2,352	455	1,670	5,600
Free Cash Flow Per Share	0.77	1.63	0.32	1.15	3.78
Dividend Per Share	0.600	0.600	0.600	0.600	0.375
Dividend Growth	-	-	-	60.00%	-
Gross Margin	37.06%	39.55%	40.67%	42.63%	47.73%
Operating Margin	25.09%	27.27%	27.34%	30.78%	36.70%
Profit Margin	8.51%	7.40%	8.06%	15.19%	18.82%
Free Cash Flow Margin	4.31%	9.24%	1.99%	7.33%	24.51%
EBITDA	8,810	9,536	8,523	9,274	10,599
EBITDA Margin	34.00%	37.46%	37.29%	40.71%	46.39%
D&A For EBITDA	2,308	2,595	2,274	2,263	2,214
EBIT	6,502	6,941	6,249	7,011	8,385
EBIT Margin	25.09%	27.27%	27.34%	30.78%	36.70%
Effective Tax Rate	34.85%	36.45%	37.70%	33.61%	30.00%

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.