Freeport-McMoRan Inc.
Income Statement
| Line Item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $25.92B | $25.46B | $22.86B | $22.78B | $22.85B | $14.20B | $14.40B | $18.63B |
| Cost of Revenue | $18.62B | $17.80B | $15.70B | $15.09B | $14.03B | $11.66B | $13.13B | $13.47B |
| Gross Profit | $7.30B | $7.66B | $7.16B | $7.69B | $8.82B | $2.54B | $1.28B | $5.16B |
| Gross Margin | 28.2% | 30.1% | 31.3% | 33.8% | 38.6% | 17.9% | 8.9% | 27.7% |
| Operating Expenses | ||||||||
| Research & Development | — | — | — | — | — | — | — | — |
| SG&A Expense | $545.0M | $513.0M | $479.0M | $420.0M | $383.0M | $370.0M | $394.0M | $422.0M |
| Operating Income | $6.52B | $6.86B | $6.23B | $7.04B | $8.37B | $2.44B | $1.09B | $4.75B |
| Operating Margin | 25.2% | 27.0% | 27.2% | 30.9% | 36.6% | 17.2% | 7.6% | 25.5% |
| Interest Expense | — | — | — | — | — | — | — | — |
| Pretax Income | $6.37B | $6.91B | $6.01B | $6.72B | $7.66B | $1.80B | $306.0M | $3.89B |
| Income Tax Expense | $2.22B | $2.52B | $2.27B | $2.27B | $2.30B | $944.0M | $510.0M | $991.0M |
| Net Income | $4.15B | $4.40B | $3.75B | $4.48B | $5.37B | $865.0M | $-189.0M | $2.89B |
| Net Margin | 16.0% | 17.3% | 16.4% | 19.7% | 23.5% | 6.1% | -1.3% | 15.5% |
| EPS (Basic) | $1.53 | $1.31 | $1.28 | $2.40 | $2.93 | $0.41 | $-0.17 | $1.79 |
| EPS (Diluted) | $1.52 | $1.30 | $1.28 | $2.39 | $2.90 | $0.41 | $-0.17 | $1.78 |
| Shares Outstanding (Basic) | 1.44B | 1.44B | 1.43B | 1.44B | 1.47B | 1.45B | 1.45B | 1.45B |
| Shares Outstanding (Diluted) | 1.44B | 1.45B | 1.44B | 1.45B | 1.48B | 1.46B | 1.45B | 1.46B |
| Dividends Per Share | $0.60 | $0.60 | $0.60 | $0.60 | $0.38 | $0.00 | $0.20 | $0.20 |