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Freeport-McMoRan vs Southern Copper: FCX and SCCO compared
Freeport-McMoRan is the larger company: $7.5B of revenue in its latest quarter (Q3 2026) against $4.7B for Southern Copper (Q3 2026). Southern Copper is growing faster (+39% against +8% a year earlier). Southern Copper is more profitable, with an operating margin of 59.9% against 31.2%.
Where the money goes: FCX and SCCO
Freeport-McMoRan (FCX) · Q3 2026
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 follows the revenue to costs, profit and cash.
Southern Copper (SCCO) · Q3 2026
Southern Copper, Q3 2026: revenue $4.7B (+39% year over year), operating margin 59.9%, net earnings $1.8B, operating cash flow $2.2B. The chart follows the revenue to costs, profit and cash.
| Freeport-McMoRan (FCX) | Southern Copper (SCCO) | |
|---|---|---|
| Latest quarter | Q3 2026 | Q3 2026 |
| Revenue | $7.5B | $4.7B |
| Revenue growth, Y/Y | +8% | +39% |
| Operating margin | 31.2% | 59.9% |
| Net earnings | $1.2B | $1.8B |
| Net margin | 15.6% | 38.4% |
| Operating cash flow | $2.0B | $2.2B |
| Free cash flow | — | $1.7B |
| Market value | $83.5B | $138.6B |
| P/E | 16.7× | 21.6× |
| Analysts’ mean target | $78.09 | $175.80 |
Where the revenue comes from
Freeport-McMoRan
- Copper Cathode: $2.9B (39%)
- Refined Copper Products: $1.7B (23%)
- Copper in Concentrates: $1.2B (16%)
- Molybdenum: $715M (9%)
Southern Copper
- Copper: $3.5B (74%)
- Molybdenum: $570M (12%)
- Silver: $341M (7%)
- Zinc: $170M (4%)
Questions
Which is bigger, Freeport-McMoRan or Southern Copper?
Freeport-McMoRan is the larger company: $7.5B of revenue in its latest quarter (Q3 2026) against $4.7B for Southern Copper (Q3 2026).
Is Freeport-McMoRan or Southern Copper growing faster?
Southern Copper is growing faster (+39% against +8% a year earlier).
Which is more profitable, Freeport-McMoRan or Southern Copper?
Southern Copper is more profitable, with an operating margin of 59.9% against 31.2%.
More: Freeport-McMoRan earnings · how Freeport-McMoRan makes money · Southern Copper earnings · how Southern Copper makes money
From the companies' latest 10-Q, 10-K or earnings release (10-Q filed Nov 6, 2026; 10-Q filed Oct 30, 2026). Fiscal quarters can end on different dates. Not investment advice.