Filing Flows › Freeport-McMoRan (FCX) › Q3 2025
Freeport-McMoRan (FCX) Q3 2025 earnings results (third quarter 2025)
10-Q filed Nov 6, 2025
Freeport-McMoRan (FCX) reported revenue of $7.0B for the third quarter 2025 (Q3 2025), +3% from a year earlier and -8% from the quarter before. Operating margin was 28.3%, net earnings $674M (9.7% of revenue).
Freeport-McMoRan, Q3 2025: revenue $7.0B (+3% year over year), operating margin 28.3%, net earnings $674M, operating cash flow $1.7B. The chart follows the revenue to costs, profit and cash.
| Q3 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $7.0B | -8% | +3% |
| Operating profit | $2.0B | -19% | +2% |
| Net earnings | $674M | -13% | +28% |
| Operating cash flow | $1.7B | -24% | -11% |
| Free cash flow | $608M | -35% | -10% |
What changed
Revenue was $7.0B in Q3 2025, up 3% year over year and down 8% from the previous quarter.
Operating profit was $2.0B, a 28.3% margin (down 0.3 points year over year). Of the extra revenue versus a year earlier, 19% reached operating profit, below the 29% margin then. Total costs grew 3% against revenue growth of 3%. The fastest-growing cost line was SG&A (+12%). Net earnings were $0.67B, up 28% year over year. The effective tax rate was 34.9%.
Operating cash flow was $1.7B (down 11% year over year), 133% of net income including minority interests. Non-cash charges added back $0.62B of depreciation and amortization and $0.02B of share-based compensation. Working capital and other items used $0.23B. Capital expenditures of $1.1B left free cash flow of $0.61B.
Questions
What was Freeport-McMoRan's revenue in the third quarter 2025?
Freeport-McMoRan (FCX) reported revenue of $7.0B for the third quarter 2025 (Q3 2025), +3% from a year earlier and -8% from the quarter before.
Was Freeport-McMoRan profitable in the third quarter 2025?
Operating profit was $2.0B (28.3% of revenue) and net earnings $674M.
Source: Freeport-McMoRan 10-Q on SEC EDGAR.