Freeport-Mcmoran (FCX) Gross Margin (2009 - 2026)
Freeport-Mcmoran (FCX) reported Gross Margin of 99.73% for Q1 2026, down 10.0% year-over-year from 110.81% in Q1 2025, and up 152.48% quarter-over-quarter from 190.02% in Q4 2025.
Freeport-Mcmoran (FCX) Gross Margin (2009 - 2026) Analysis & Trends
Freeport-Mcmoran (FCX) has 18 years of Gross Margin data on file, last reported at 99.73% in Q1 2026.
- Gross Margin for Q1 2026 came in at 99.73%, down 10.0% year-over-year; the trailing twelve-month figure through Mar 2026 was 5.98% (down 5990.0% YoY), and the FY2025 annual result was 36.82%, down 6268.0% from the prior year.
- Gross Margin rose to 99.73% in Q1 2026 per FCX's latest filing, from 190.02% in the prior quarter.
- Over five years, Gross Margin peaked at 290.08% in Q4 2022 and troughed at 190.02% in Q4 2025.
- A 5-year average of 55.38% and a median of 39.96% in 2024 frame the typical range for Gross Margin.
- The sharpest annual moves came in 2022 and 2025: Gross Margin soared 19073 bps in 2022, then plunged 28981 bps in 2025.
- A 5-year view of Gross Margin shows it stood at 290.08% in 2022, then sank by 97 bps to 8.08% in 2023, then surged by 1135 bps to 99.79% in 2024, then tumbled by 290 bps to 190.02% in 2025, then soared by 152 bps to 99.73% in 2026.
- Business Quant data shows FCX's Gross Margin at 99.73% in Q1 2026, 190.02% in Q4 2025, and 39.69% in Q3 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Southern Copper | 142.13 Bn | 136.85 Bn | 2.75 Bn | 64.75% |
| 2 | Freeport-Mcmoran | 91.19 Bn | 99.46 Bn | 6.22 Bn | 99.73% |
| 3 | Hudbay Minerals | 10.19 Bn | 9.65 Bn | 368.00 Mn | 48.59% |
| 4 | Ero Copper | 2.69 Bn | 2.58 Bn | 105.91 Mn | 40.25% |
| 5 | Ivanhoe Electric | 1.75 Bn | 1.46 Bn | 505,000.00 | 58.86% |
| 6 | Taseko Mines | 3.95 Mn | -119.02 Mn | 83.54 Mn | 48.32% |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 99.73% |
| Dec 31, 2025 | -190.02% |
| Sep 30, 2025 | 39.69% |
| Jun 30, 2025 | 43.52% |
| Mar 31, 2025 | 99.83% |
| Dec 31, 2024 | 99.79% |
| Sep 30, 2024 | 39.96% |
| Jun 30, 2024 | 33.82% |
| Mar 31, 2024 | 29.77% |
| Dec 31, 2023 | 8.08% |
| Sep 30, 2023 | 29.84% |
| Jun 30, 2023 | 98.71% |
| Mar 31, 2023 | 98.76% |
| Dec 31, 2022 | 290.08% |
| Sep 30, 2022 | 32.72% |
| Jun 30, 2022 | 34.86% |
| Mar 31, 2022 | 52.29% |
| Dec 31, 2021 | 99.35% |
| Sep 30, 2021 | 41.62% |
| Jun 30, 2021 | 99.43% |