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NEW YORK STOCK EXCHANGE, INC. · Metals & Mining · CIK 0000831259
$68.90
+0.04% · delayed ~15 min
Last price from Oct 21, 2026
$99.01B market value
From FREEPORT-MCMORAN INC's FY2025 10-K, filed Feb 13, 2026 · read the filing
FREEPORT-MCMORAN mines metal ores. It took in $25.19B last year, which makes it a large company. Of every dollar it sells, about 16 cents is left as profit.
The financial picture is led by profitability and debt, with growth and accounting worth watching.
A conclusion from the filings, not a recommendation. Detailed figures and supporting evidence appear in their dedicated sections below.
Recent open-market selling by 5 insiders, not under a pre-arranged plan.
$8.4M sold in the last 120 days · Read the filing
These are things the company filed or that a published model flagged — not predictions, and not a reason on their own to buy or sell anything.
Financial health
Strong finances across the board.
From FREEPORT-MCMORAN INC's FY2025 annual filing · share price scored separately
Largest year-over-year changes in FY2025
Free cash flow
$2.35B → $1.12B
Gross margin
29.3% → 26.1%
Gross profit
$7.37B → $6.57B
Operating income
$6.86B → $6.52B
Measured against FY2024, from the 10-K filed Feb 13, 2026
Deteriorated: -52.6%
$2.35B to $1.12BCritical
Why it matters: Cash left after paying for the plant that produced it — the money genuinely available for dividends, buybacks or paying down debt. Harder to flatter than profit.
How the latest move compares (quote delayed ~15 min), and what was published around it
FCX rose 0.04% on the latest quote. The average Materials company tracked here moved −1.07%, and the S&P 500 −1.04%. That is 1.1 points above its sector and 1.1 points above the market.
Expectations
Not from the filings — what other people are betting on, and what the price already assumes.
Opinions from 30 analysts covering this company, as of . Their views, not this site's.
Of 30 analysts publishing on this company, 5 say strong buy, 18 say buy, 6 say hold and 1 say strong sell. Analysts are paid to publish a view and are wrong often; the split above says how much they agree with each other, which is the part a single headline rating hides.
Published by Finnhub. Analyst coverage skews towards larger companies and towards optimism — sell ratings are rare across the whole market, so a company with none is ordinary rather than endorsed.
The essentials
Each answered from the filings, with the numbers behind it.
Yes. It keeps about 16 cents of every dollar of sales as profit, earning $4.15B last year.
Barely. Sales were roughly flat, up 0.1%.
No. Its borrowings would take under a year of cash flow to clear. For every $1 it owes, it owns $2.12 in assets.
Core operating and valuation reference metrics
Whether the dividend is covered by what the business actually earns
It pays out 21 cents of every dollar of profit and keeps the rest, which leaves the payment comfortably covered. It paid out 15% of the cash its operations generated. It has paid in each of the last 5 years.
GoodNext payment expected around , projected from how regularly it has paid before rather than from a date the company has announced.
Figures from the FY2025 annual filing
Last year it earned $4.15B and generated $5.61B of cash from operations.
Reported annual figures
As reported to the SEC, in USD. Hover or show sources to see where each figure came from.
| Income statement | FY202510-K · Feb 13, 2026Filing for FY2025 | FY202410-K · Feb 14, 2025Filing for FY2024 | FY202310-K · Feb 16, 2024Filing for FY2023 | FY202210-K · Feb 15, 2023Filing for FY2022 | FY202110-K · Feb 16, 2024Filing for FY2021 | ChangeFY2025 vs FY2024 |
|---|---|---|---|---|---|---|
| RevenueWhat is this? | $25.19B | $25.17B | $22.70B | $23.27B | $22.42B | +0.1% |
| Cost of revenue | $18.62B | $17.80B | $15.70B | $15.09B | $14.03B | +4.6% |
| Gross profit | $6.57B† | $7.37B† | $7.01B† | $8.18B† | $8.39B† | −10.9% |
| Gross marginGross profit ÷ revenueWhat is this? | 26.1% | 29.3% | 30.9% | 35.2% | 37.4% | −3.2 pts |
| Selling, general and administrative | $545.0M | $513.0M | $479.0M | $420.0M | $383.0M | +6.2% |
| Operating income | $6.52B | $6.86B | $6.22B | $7.04B | $8.37B | −5.0% |
| Operating marginOperating income ÷ revenueWhat is this? | 25.9% | 27.3% | 27.4% | 30.2% | 37.3% | −1.4 pts |
| Income before tax | $6.37B | $6.91B | $6.01B | $6.71B | $7.66B | −7.7% |
| Net income | $4.15B | $4.40B | $3.75B | $4.48B | $5.37B | −5.6% |
| Net marginNet income ÷ revenueWhat is this? | 16.5% | 17.5% | 16.5% | 19.2% | 23.9% | −1.0 pts |
| Earnings per shareNet income ÷ shares outstanding at the period end — close to, but not the same as, the reported EPSWhat is this? | $2.89 | $3.07 | $2.62 | $3.08 | $3.68 | −5.8% |
† calculated from other reported figures, such as total liabilities as assets minus equity.
Others in the same industry
Insider activity, ownership stakes and what's coming — straight from EDGAR, before any article is written about it
Officers, directors and major shareholders must report within two business days of a trade.
Was granted or awarded shares — 294 shares at $70.00 ($20.6K)
Holds 71,798 shares after this filing.
Was granted or awarded shares — 482 shares at $70.00 ($33.7K)
Holds 50,332 shares after this filing.
20 recent filings, newest first. Each is labelled from its form and item numbers, not from its wording.
Published results · Made a Regulation FD disclosure
Read the filingReported another event
Read the filingWrite down why you are following FREEPORT-MCMORAN INC, what has to go right and what would change your mind, then see each new annual report measured against it. Sign in to start one.
Go deeper
Every figure above traces back to a filing in the timeline, each linked to the document itself.
The 10 subsidiaries named in its 10-K, incorporated across 4 places. A filer lists the significant ones and may leave the rest out, so this is the floor rather than the full count.
Every company's figures are checked for internal consistency: the balance sheet adding up, figures sharing one currency, cash flow and share counts within plausible ranges, and how recent the latest annual report is. Nothing here changes a figure.
Financial figures are from FCX's 10-K for fiscal year 2025 (period ending 2025-12-31, filed Feb 13, 2026), reported under the US GAAP taxonomy. View the source filing.
4 of 4 scored areas had enough reported figures to judge
The score averages profitability, growth, debt and accounting. All four had enough reported figures. Cash generation is shown for context and already feeds profitability. Valuation is scored separately, because a share price says nothing about whether the business is sound. 9 of the 9 Piotroski checks could be evaluated. How the score works
Each year scored only from its annual report as it was first filed
| Fiscal year | Health | F-Score | Scored from |
|---|---|---|---|
| FY2025 | 8.0 | 5/9 | 10-K, filed Feb 13, 2026 |
| FY2024 | 9.0 | 8/9 | 10-K, filed Feb 14, 2025 |
| FY2023 | 8.0 | 5/9 | 10-K, filed Feb 16, 2024 |
| FY2022 | 9.0 | 5/9 | 10-K, filed Feb 15, 2023 |
| FY2021 | 10.0 | 8/9 | 10-K, filed Feb 15, 2022 |
| FY2020 | 5.0 | 8/9 | 10-K, filed Feb 16, 2021 |
A later restatement never reaches back into an earlier year, and every year is scored without a share price, so the latest point can differ a little from the headline score, which uses today's price.
Every check behind the three models, and what each one tests
5 of 9 checks passed
Nine yes-or-no tests of whether this year's finances improved on last year's.
2.43
In the grey zone
For this model, above 2.6 is safe and below 1.1 is distress.
Distance from bankruptcy, from a model fitted on companies that did and did not go bust. It describes a balance sheet's shape today; it does not forecast a failure.
-1.84
Below the threshold — nothing unusual flagged
Scores above -1.78 are the ones the model associates with earnings manipulation.
Screens eight accounting ratios for the pattern earnings manipulators tend to leave. A flag is a reason to read the filing closely, never evidence of wrongdoing.
Every figure above comes from the FY2025 filing as filed with the SEC.
Deteriorated: −3.2 pts
29.3% to 26.1%Significant
Why it matters: What survives each sale before overheads. Falling gross margin usually means the company is discounting or its input costs rose — it is the earliest place pricing pressure shows.
Deteriorated: -10.9%
$7.37B to $6.57BNotable
Why it matters: What is left of sales after the direct cost of producing them. It normally moves with revenue, so a move out of step with revenue is the part worth noticing.
Deteriorated: -5.0%
$6.86B to $6.52BNotable
Why it matters: Profit from running the business, before interest and tax. Less exposed than profit to one-off financing and tax items, so a clearer read on the business itself.
Deteriorated: -5.6%
$4.40B to $4.15BNotable
Why it matters: Profit swings far more than sales do, and one-off items — a legal settlement, a tax charge, an asset sale — move it without the underlying business changing.
Deteriorated: −1.4 pts
27.3% to 25.9%Notable
Why it matters: What survives each sale after running the business. A falling operating margin beside a steady gross margin points at overheads — wages, marketing, research — rather than pricing.
Deteriorated: -5.8%
$3.07 to $2.89Notable
Why it matters: Profit divided by the shares in issue at the period end, so it sits close to but not on the company's own reported figure. It can rise with no growth in profit when the company buys back stock — read it beside the share count.
Changed: -6.5%
$4.81B to $4.49BNotable
Why it matters: Neither good nor bad on its own. Heavy spending is a company building capacity or a company struggling to stand still, and the two look identical in this figure.
Q2 FY2026 against Q2 FY2025, from the 10-Q filed Aug 6, 2026 — read it.
Deteriorated: -19.5%
$2.58B to $2.07BSignificant
Why it matters: What is left of sales after the direct cost of producing them. It normally moves with revenue, so a move out of step with revenue is the part worth noticing.
Deteriorated: -17.6%
$2.43B to $2.00BSignificant
Why it matters: Profit from running the business, before interest and tax. Less exposed than profit to one-off financing and tax items, so a clearer read on the business itself.
Improved: +27.5%
$772.0M to $984.0MSignificant
Why it matters: Profit swings far more than sales do, and one-off items — a legal settlement, a tax charge, an asset sale — move it without the underlying business changing.
Deteriorated: −4.2 pts
34.2% to 30.0%Significant
Why it matters: What survives each sale before overheads. Falling gross margin usually means the company is discounting or its input costs rose — it is the earliest place pricing pressure shows.
Deteriorated: −3.4 pts
32.3% to 29.0%Significant
Why it matters: What survives each sale after running the business. A falling operating margin beside a steady gross margin points at overheads — wages, marketing, research — rather than pricing.
Improved: +4.0 pts
10.3% to 14.2%Significant
Why it matters: What survives to the very end of each sale. Worth reading beside revenue: growing sales on a shrinking margin means the company is buying its growth.
Improved: +27.4%
$0.54 to $0.68Significant
Why it matters: Profit divided by the shares in issue at the period end, so it sits close to but not on the company's own reported figure. It can rise with no growth in profit when the company buys back stock — read it beside the share count.
Deteriorated: -8.1%
$7.53B to $6.92BNotable
Why it matters: Sales are what everything else is built on. A fall can be lost customers, lower prices, or a business the company sold — the filing itself says which.
Improved: -8.4%
$8.91B to $8.17BNotable
Why it matters: Rising debt is not automatically bad — borrowing to build something that earns more than the interest is ordinary. It matters when it grows faster than the profit meant to service it.
Deteriorated: -9.1%
$4.49B to $4.08BNotable
Why it matters: A falling cash pile is only a warning if the company is consuming it. Paying down debt, buying back stock and paying a dividend all reduce cash by choice.
Q2 FY2026 against Q1 FY2026, from the 10-Q filed Aug 6, 2026 — read it. Quarter-to-quarter moves include seasonal swings — a retailer's holiday quarter — which the year-earlier comparison removes.
Improved: +23.8%
$1.68B to $2.07BSignificant
Why it matters: What is left of sales after the direct cost of producing them. It normally moves with revenue, so a move out of step with revenue is the part worth noticing.
Deteriorated: -29.1%
$1.39B to $984.0MSignificant
Why it matters: Profit swings far more than sales do, and one-off items — a legal settlement, a tax charge, an asset sale — move it without the underlying business changing.
Improved: +3.2 pts
26.8% to 30.0%Significant
Why it matters: What survives each sale before overheads. Falling gross margin usually means the company is discounting or its input costs rose — it is the earliest place pricing pressure shows.
Deteriorated: −5.2 pts
34.2% to 29.0%Significant
Why it matters: What survives each sale after running the business. A falling operating margin beside a steady gross margin points at overheads — wages, marketing, research — rather than pricing.
Deteriorated: −8.0 pts
22.2% to 14.2%Significant
Why it matters: What survives to the very end of each sale. Worth reading beside revenue: growing sales on a shrinking margin means the company is buying its growth.
Deteriorated: -29.0%
$0.96 to $0.68Significant
Why it matters: Profit divided by the shares in issue at the period end, so it sits close to but not on the company's own reported figure. It can rise with no growth in profit when the company buys back stock — read it beside the share count.
Improved: +10.6%
$6.25B to $6.92BNotable
Why it matters: Sales are what everything else is built on. A fall can be lost customers, lower prices, or a business the company sold — the filing itself says which.
Deteriorated: -6.3%
$2.14B to $2.00BNotable
Why it matters: Profit from running the business, before interest and tax. Less exposed than profit to one-off financing and tax items, so a clearer read on the business itself.
Improved: -8.4%
$8.91B to $8.17BNotable
Why it matters: Rising debt is not automatically bad — borrowing to build something that earns more than the interest is ordinary. It matters when it grows faster than the profit meant to service it.
Improved: +9.2%
$3.74B to $4.08BNotable
Why it matters: A falling cash pile is only a warning if the company is consuming it. Paying down debt, buying back stock and paying a dividend all reduce cash by choice.
6 other measures barely moved. Figures compare the two most recent annual filings — read the latest one. Moves are graded on fixed lines — 5%, 15% and 40% for amounts, and 1, 3 and 8 points for margins — as notable, significant or critical. Nothing here reads the management commentary, which is where a company explains its own numbers.
These coincide with the move in time. None is presented as its cause: a price can move on news that names no company, on the wider market, or on trading that no document records.
Filter by minute, hour, day or week — or compare against peers
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Measured on and published about a week later — this is a fortnightly snapshot, not a live position.
About 1.7% of this company's shares have been borrowed and sold by people expecting to buy them back cheaper. That is a bet the price falls. Those people can be wrong, and when a heavily shorted share rises they have to buy it back, which pushes it up further.
Collected by FINRA from broker-dealers twice a month. It counts positions, not intentions, and some of it is hedging rather than a directional bet against the company.
Nothing in this section is a figure this company reported about itself. These are expectations and positions — what the price implies, what analysts have published, what short sellers are betting, and what large funds held at the last count. WylthIQ reports them; it does not endorse them, does not forecast prices, and takes no view on whether any of them will turn out to be right.
The trailing P/E is 22.6x — investors pay $22.6 for each $1 of trailing profit.
Nothing unusual. Its accounting patterns look like those of companies that report earnings straightforwardly.
Sold on the open market — 3,798 shares at $79.11 ($300.5K)
Holds 122,702 shares after this filing.
Exercised stock options — 65,000 shares at $12.04 ($782.6K)
Holds 276,016 shares after this filing.
Exercised stock options — 15,000 shares at $28.14 ($422.1K)
Holds 291,016 shares after this filing.
Sold on the open market — 80,000 shares at $78.56 ($6.3M)
Holds 211,016 shares after this filing.
Sold on the open market — 14,277 shares at $69.50 ($992.3K)
Holds 54,618 shares after this filing.
Sold on the open market — 4,773 shares at $70.00 ($334.1K)
Holds 36,000 shares after this filing.
Sold on the open market — 7,550 shares at $63.00 ($475.6K)
Holds 68,895 shares after this filing.
Was granted or awarded shares — 327 shares at $62.89 ($20.6K)
Holds 71,504 shares after this filing.
Notice filed ahead of a planned sale — the sale itself has not necessarily happened yet.
Filed notice to sell 3,798 shares ($300.0K) on or after .
Shares originally obtained via Transfer.
Filed notice to sell 80,000 shares ($6.3M) on or after .
Shares originally obtained via Employee Stock Option Exercise.
Filed notice to sell 4,773 shares ($334.1K) on or after .
Shares originally obtained via Restricted Stock Lapse.
Filed notice to sell 14,277 shares ($992.3K) on or after .
Shares originally obtained via Restricted Stock Lapse.
Filed notice to sell 7,550 shares ($475.6K) on or after .
Shares originally obtained via Restricted Stock Lapse.
Estimated from how often this has happened before, not a confirmed date.
Not investment advice, and not a signal to act on by itself — a filing says what happened, not why, and insiders trade for ordinary reasons having nothing to do with where they think the company is headed.
Quarterly report for Q2 FY2026
Revenue -8.1% · Operating margin −3.4 pts · Gross profit -19.5% — against Q2 FY2025
Published results · Made a Regulation FD disclosure
Read the filingHeld a shareholder vote
Read the filingSigned a material agreement · Terminated a material agreement · Took on a direct financial obligation
Read the filingQuarterly report for Q1 FY2026
Revenue +12.2% · Operating margin +10.8 pts · Operating income +64.0% — against Q1 FY2025
Read the filingProxy statement for a shareholder meeting
Read the filingPublished results · Made a Regulation FD disclosure
Read the filingHad a director or senior officer leave or join
Read the filingReported another event
Read the filingReported another event
Read the filingAnnual report for FY2025
Operating margin −1.4 pts · Free cash flow -52.6% · Gross margin −3.2 pts — against FY2024
Read the filingPublished results · Made a Regulation FD disclosure
Read the filingReported a mine safety matter
Read the filingMade a Regulation FD disclosure · Reported another event
Read the filingQuarterly report for Q3 FY2025
Cash -13.6% · Capital spending -11.9% — against Q3 FY2024
Read the filingPublished results · Made a Regulation FD disclosure
Read the filingMade a Regulation FD disclosure
Read the filingMade a Regulation FD disclosure
Read the filingSource: Exhibit 21 of the 10-K filed 2026-02-13. These are legal entities, not brands or acquisitions — a company that bought a business may hold it inside an entity named here, or inside one small enough that the rule does not require naming it at all.
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Primary sources and further research