Filing Flows › Freeport-McMoRan (FCX) › Q2 2025
Freeport-McMoRan (FCX) Q2 2025 earnings results (second quarter 2025)
10-Q filed Aug 8, 2025
Freeport-McMoRan (FCX) reported revenue of $7.6B for the second quarter 2025 (Q2 2025), +14% from a year earlier and +32% from the quarter before. Operating margin was 32.1%, net earnings $772M (10.2% of revenue).
Freeport-McMoRan, Q2 2025: revenue $7.6B (+14% year over year), operating margin 32.1%, net earnings $772M, operating cash flow $2.2B. The chart follows the revenue to costs, profit and cash.
| Q2 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $7.6B | +32% | +14% |
| Operating profit | $2.4B | +87% | +19% |
| Net earnings | $772M | +119% | +25% |
| Operating cash flow | $2.2B | +107% | +12% |
| Free cash flow | $934M | — | +11% |
What changed
Revenue was $7.6B in Q2 2025, up 14% year over year and up 32% from the previous quarter.
Operating profit was $2.4B, a 32.1% margin (up 1.1 points year over year). Of the extra revenue versus a year earlier, 40% reached operating profit, above the 31% margin then. Total costs grew 13% against revenue growth of 14%. The fastest-growing cost line was Cost of revenue (+13%). Net earnings were $0.77B, up 25% year over year. The effective tax rate was 35.5%.
Operating cash flow was $2.2B (up 12% year over year), 142% of net income including minority interests. Non-cash charges added back $0.67B of depreciation and amortization and $0.02B of share-based compensation. Capital expenditures of $1.3B left free cash flow of $0.93B.
Questions
What was Freeport-McMoRan's revenue in the second quarter 2025?
Freeport-McMoRan (FCX) reported revenue of $7.6B for the second quarter 2025 (Q2 2025), +14% from a year earlier and +32% from the quarter before.
Was Freeport-McMoRan profitable in the second quarter 2025?
Operating profit was $2.4B (32.1% of revenue) and net earnings $772M.
Source: Freeport-McMoRan 10-Q on SEC EDGAR.