Filing Flows › Freeport-McMoRan (FCX) › Q1 2025
Freeport-McMoRan (FCX) Q1 2025 earnings results (first quarter 2025)
10-Q filed May 8, 2025
Freeport-McMoRan (FCX) reported revenue of $5.7B for the first quarter 2025 (Q1 2025), -9% from a year earlier and +0.1% from the quarter before. Operating margin was 22.7%, net earnings $352M (6.1% of revenue).
Freeport-McMoRan, Q1 2025: revenue $5.7B (-9% year over year), operating margin 22.7%, net earnings $352M, operating cash flow $1.1B. The chart follows the revenue to costs, profit and cash.
| Q1 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $5.7B | +0.1% | -9% |
| Operating profit | $1.3B | +5% | -20% |
| Net earnings | $352M | +28% | -26% |
| Operating cash flow | $1.1B | -26% | -44% |
What changed
Revenue was $5.7B in Q1 2025, down 9% year over year and roughly flat from the previous quarter. Copper Cathode was the largest line at 35% of revenue. Gold lost $0.69B year over year (down 59%), 117% of the total change.
Operating profit was $1.3B, a 22.7% margin (down 3.1 points year over year). Total costs fell 6% while revenue fell 9%. Net earnings were $0.35B, down 26% year over year. The effective tax rate was 38.7%.
Operating cash flow was $1.1B (down 44% year over year), 133% of net income including minority interests. Non-cash charges added back $0.47B of depreciation and amortization and $0.05B of share-based compensation. Working capital and other items used $0.26B. Capital expenditures of $1.2B exceeded it, leaving free cash flow of −$0.11B.
Questions
What was Freeport-McMoRan's revenue in the first quarter 2025?
Freeport-McMoRan (FCX) reported revenue of $5.7B for the first quarter 2025 (Q1 2025), -9% from a year earlier and +0.1% from the quarter before.
Was Freeport-McMoRan profitable in the first quarter 2025?
Operating profit was $1.3B (22.7% of revenue) and net earnings $352M.
Source: Freeport-McMoRan 10-Q on SEC EDGAR.