Freeport-Mcmoran (FCX) Gross Margin (2009 - 2026)
Freeport-Mcmoran (FCX) posted quarterly Gross Margin of 99.73% for Q1 2026, up 6530.0% year-over-year from 1.5% 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 reported Gross Margin for 18 consecutive years, with 99.73% the latest figure, recorded in Q1 2026.
- In Q1 2026, Gross Margin rose 6530.0% year-over-year to 99.73%; the TTM figure through Mar 2026 stood at 38.0% (down 8417.0% YoY), while the FY2025 annual figure was 36.82%, down 6268.0% from the prior year.
- Gross Margin climbed to 99.73% in Q1 2026 per FCX's latest filing, from 190.02% in the prior quarter.
- Across five years, Gross Margin topped out at 333.79% in Q4 2024 and bottomed at 190.02% in Q4 2025.
- Historically, Gross Margin has averaged 79.89% across 5 years, with a median of 68.15% in 2023.
- Annual changes were most pronounced in 2022 — Gross Margin surged 38445 bps — and 2025, when it tumbled 52382 bps.
- Freeport-Mcmoran's Gross Margin stood at 290.08% in 2022, then plunged by 77 bps to 68.15% in 2023, then jumped by 390 bps to 333.79% in 2024, then sank by 157 bps to 190.02% in 2025, then jumped 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 100.0% in Q3 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Southern Copper | 159.97 Bn | 152.64 Bn | 2.90 Bn | 67.60% |
| 2 | Freeport-Mcmoran | 98.78 Bn | 94.70 Bn | 2.19 Bn | 31.10% |
| 3 | Hudbay Minerals | 10.99 Bn | 9.95 Bn | 269.00 Mn | 42.61% |
| 4 | Ero Copper | 3.75 Bn | 3.66 Bn | 105.91 Mn | 40.25% |
| 5 | Trekor Metals | 3.18 Bn | 3.06 Bn | 83.54 Mn | 48.32% |
| 6 | Ivanhoe Electric | 1.75 Bn | 1.49 Bn | 368,000.00 | 50.83% |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 31.10% |
| Mar 31, 2026 | 99.73% |
| Dec 31, 2025 | -190.02% |
| Sep 30, 2025 | 100.00% |
| Jun 30, 2025 | 99.64% |
| Mar 31, 2025 | 34.43% |
| Dec 31, 2024 | 333.79% |
| Sep 30, 2024 | 39.96% |
| Jun 30, 2024 | 99.58% |
| Mar 31, 2024 | 29.77% |
| Dec 31, 2023 | 68.15% |
| Sep 30, 2023 | 38.99% |
| Jun 30, 2023 | 28.60% |
| Mar 31, 2023 | 41.27% |
| Dec 31, 2022 | 290.08% |
| Sep 30, 2022 | 99.88% |
| Jun 30, 2022 | 44.55% |
| Mar 31, 2022 | 99.76% |
| Dec 31, 2021 | -94.37% |
| Sep 30, 2021 | 50.53% |