Filing Flows › Freeport-McMoRan (FCX) › Q3 2026 › vs Q3 2025
Freeport-McMoRan (FCX) Q3 2026 vs Q3 2025 (year over year)
Freeport-McMoRan's revenue rose $574M (+8%) from $7.0B in Q3 2025 to $7.5B in Q3 2026. The biggest changes: Copper Cathode +$1.1B (+62%); Copper in Concentrates −$790M (-40%); Gold −$669M (-56%). Operating margin 31.2% against 28.3% (+2.9 pts).
Freeport-McMoRan, Q3 2026: revenue $7.5B (+8% year over year), operating margin 31.2%, net earnings $1.2B, operating cash flow $2.0B. The chart draws each line against Q3 2025, the increases inside each band.
Margins
| Q3 2026 | Q3 2025 | Change | |
|---|---|---|---|
| Operating margin | 31.2% | 28.3% | +2.9 pts |
| Net margin | 15.6% | 9.7% | +5.9 pts |
Every line
| Line | Q3 2026 | Q3 2025 | Change | % |
|---|---|---|---|---|
| Copper Cathode | $2.9B | $1.8B | $1.1B | +62% |
| Refined Copper Products | $1.7B | $1.3B | $392M | +29% |
| Copper in Concentrates | $1.2B | $2.0B | −$790M | -40% |
| Molybdenum | $715M | $504M | $211M | +42% |
| Gold | $535M | $1.2B | −$669M | -56% |
| Silver and Other | $327M | $223M | $104M | +47% |
| Other revenues | $121M | −$73.0M | $194M | — |
| Revenue | $7.5B | $7.0B | $574M | +8% |
| Operating profit | $2.4B | $2.0B | $381M | +19% |
| Costs & expenses | $5.2B | $5.0B | $193M | +4% |
| Pre-tax earnings | $2.3B | $1.9B | $382M | +20% |
| Other expense, net | $55.0M | $56.0M | −$1.0M | -2% |
| Cost of revenue | $5.0B | $4.8B | $169M | +3% |
| SG&A | $131M | $131M | $0 | 0% |
| Other operating costs | $63.0M | $39.0M | $24.0M | +62% |
| Net earnings | $1.2B | $674M | $500M | +74% |
| Minority interests | $514M | $573M | −$59.0M | -10% |
| Income tax | $610M | $669M | −$59.0M | -9% |
| Depreciation & amortization | $520M | $625M | −$105M | -17% |
| Share-based compensation | $28.0M | $24.0M | $4.0M | +17% |
| Working capital & other | $259M | $341M | −$82.0M | -24% |
| Operating cash flow | $2.0B | $1.7B | $317M | +19% |
Questions
How much did Freeport-McMoRan's revenue grow year over year in Q3 2026?
Freeport-McMoRan's revenue rose $574M (+8%) from $7.0B in Q3 2025 to $7.5B in Q3 2026.
What drove Freeport-McMoRan's revenue change in Q3 2026?
Copper Cathode +$1.1B (+62%); Copper in Concentrates −$790M (-40%); Gold −$669M (-56%).