Filing Flows › Freeport-McMoRan (FCX) › Q4 2025
Freeport-McMoRan (FCX) Q4 2025 earnings results (fourth quarter 2025)
10-K filed Feb 13, 2026
Freeport-McMoRan (FCX) reported revenue of $5.6B for the fourth quarter 2025 (Q4 2025), -2% from a year earlier and -19% from the quarter before. Operating margin was 14.4%, net earnings $406M (7.2% of revenue).
Freeport-McMoRan, Q4 2025: revenue $5.6B (-2% year over year), operating margin 14.4%, net earnings $406M, operating cash flow $693M. The chart follows the revenue to costs, profit and cash.
| Q4 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $5.6B | -19% | -2% |
| Operating profit | $811M | -59% | -35% |
| Net earnings | $406M | -40% | +48% |
| Operating cash flow | $693M | -58% | -52% |
What changed
Revenue was $5.6B in Q4 2025, down 2% year over year and down 19% from the previous quarter.
Operating profit was $0.81B, a 14.4% margin (down 7.3 points year over year). Total costs grew 8% against a revenue fall of 2%. The fastest-growing cost line was Other operating costs (+38%). Net earnings were $0.41B, up 48% year over year. The effective tax rate was 26.4%.
Operating cash flow was $0.69B (down 52% year over year), 123% of net income including minority interests. Non-cash charges added back $0.48B of depreciation and amortization and $0.02B of share-based compensation. Working capital and other items used $0.38B. Capital expenditures of $1.0B exceeded it, leaving free cash flow of −$0.31B.
Questions
What was Freeport-McMoRan's revenue in the fourth quarter 2025?
Freeport-McMoRan (FCX) reported revenue of $5.6B for the fourth quarter 2025 (Q4 2025), -2% from a year earlier and -19% from the quarter before.
Was Freeport-McMoRan profitable in the fourth quarter 2025?
Operating profit was $811M (14.4% of revenue) and net earnings $406M.
Source: Freeport-McMoRan 10-K on SEC EDGAR.