Filing Flows › Freeport-McMoRan (FCX) › How it makes money
How Freeport-McMoRan (FCX) makes money
Freeport-McMoRan (FCX) made $7.5B of revenue in the third quarter 2026 (Q3 2026), +8% from a year earlier. Copper Cathode brought in $2.9B (39%); Refined Copper Products brought in $1.7B (23%); Copper in Concentrates brought in $1.2B (16%). Of every dollar of revenue, 31¢ was left as operating profit, 16¢ was left as net earnings.
Drawing the Sankey…
Revenue by segment, Q3 2026
| Segment | Revenue | Share | Q/Q | Y/Y |
|---|---|---|---|---|
| Copper Cathode | $2.9B | 39.1% | — | +62% |
| Refined Copper Products | $1.7B | 22.8% | — | +29% |
| Copper in Concentrates | $1.2B | 15.6% | — | -40% |
| Molybdenum | $715M | 9.5% | — | +42% |
| Gold | $535M | 7.1% | — | -56% |
| Silver and Other | $327M | 4.3% | — | +47% |
| Other revenues | $121M | 1.6% | — | — |
Where each dollar of revenue goes
| Line | Q3 2026 | % of revenue |
|---|---|---|
| Revenue | $7.5B | 100.0% |
| Operating profit | $2.4B | 31.2% |
| Income tax | $610M | 8.1% |
| Net earnings | $1.2B | 15.6% |
| Operating cash flow | $2.0B | 26.3% |
Revenue, quarter by quarter
| Quarter | Revenue | Y/Y |
|---|---|---|
| Q3 2026 | $7.5B | +8% |
| Q2 2026 | $7.0B | -7% |
| Q1 2026 | $6.2B | +9% |
| Q4 2025 | $5.6B | -2% |
| Q3 2025 | $7.0B | +3% |
| Q2 2025 | $7.6B | +14% |
| Q1 2025 | $5.7B | -9% |
From Freeport-McMoRan's 10-Q filed Nov 6, 2026 (on EDGAR).
Questions
How does Freeport-McMoRan make money?
Freeport-McMoRan (FCX) made $7.5B of revenue in the third quarter 2026 (Q3 2026), +8% from a year earlier. Copper Cathode brought in $2.9B (39%); Refined Copper Products brought in $1.7B (23%); Copper in Concentrates brought in $1.2B (16%). Of every dollar of revenue, 31¢ was left as operating profit, 16¢ was left as net earnings.
What is Freeport-McMoRan's biggest business?
Copper Cathode: $2.9B in the third quarter 2026, 39% of revenue, +62% from a year earlier.
What is Freeport-McMoRan's profit margin?
Net earnings were $1.2B, 15.6% of revenue, in the third quarter 2026; the operating margin was 31.2%.
Updated Nov 8, 2026. Read automatically from SEC filings and public data; errors are possible. Not investment advice.