Freeport-Mcmoran (FCX) Gross Margin (2009 - 2026)
Freeport-Mcmoran's (FCX) quarterly Gross Margin came in at 31.1% in Q2 2026, down 361.0% year-over-year from 11.92% in Q2 2025, and up 17.15% quarter-over-quarter from 26.55% in Q1 2026.
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Analysis
Freeport-Mcmoran (FCX) Gross Margin (2009 - 2026) Analysis & Trends
Freeport-Mcmoran (FCX) has reported Gross Margin for 18 consecutive years, with 31.1% the latest figure, recorded in Q2 2026.
- On a quarterly basis, Gross Margin fell 361.0% year-over-year to 31.1% in Q2 2026; TTM through Jun 2026 was 27.06%, a 267.0% decrease from a year earlier, with the FY2025 full-year figure at 28.16%, down 193.0% from the prior year.
- Gross Margin was 31.1% for Q2 2026 at Freeport-Mcmoran, up from 26.55% in the prior quarter.
- Over five years, Gross Margin peaked at 44.89% in Q1 2022 and troughed at 18.05% in Q4 2025.
- A 5-year average of 30.25% and a median of 30.43% in 2025 frame the typical range for Gross Margin.
- The widest YoY moves for Gross Margin: up 1099 bps in 2022, down 1956 bps in 2022.
- Over 5 years, Gross Margin stood at 30.13% in 2022, then gained by 10 bps to 33.12% in 2023, then retreated by 25 bps to 24.91% in 2024, then decreased by 28 bps to 18.05% in 2025, then surged by 72 bps to 31.1% in 2026.
- The last three Gross Margin figures came in at 31.1% (Q2 2026), 26.55% (Q1 2026), and 18.05% (Q4 2025), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Rio Tinto | 186.21 Bn | 152.34 Bn | - | - |
| 2 | Southern Copper | 170.20 Bn | 149.06 Bn | 2.90 Bn | 67.60% |
| 3 | Newmont | 127.93 Bn | 96.10 Bn | 4.03 Bn | 65.87% |
| 4 | Ternium | 111.02 Bn | 76.07 Bn | 941.02 Mn | 21.68% |
| 5 | Freeport-Mcmoran | 103.81 Bn | 99.96 Bn | 2.19 Bn | 31.10% |
| 6 | Agnico Eagle Mines | 97.22 Bn | 97.22 Bn | 2.43 Bn | - |
| 7 | Barrick Mining | 71.84 Bn | 56.58 Bn | 2.90 Bn | 54.74% |
| 8 | Nucor | 56.10 Bn | 46.64 Bn | 2.03 Bn | 19.56% |
| 9 | ArcelorMittal | 53.80 Bn | 34.82 Bn | - | - |
| 10 | AngloGold Ashanti | 50.01 Bn | 39.68 Bn | 1.70 Bn | 54.86% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 31.10% |
| Mar 31, 2026 | 26.55% |
| Dec 31, 2025 | 18.05% |
| Sep 30, 2025 | 30.72% |
| Jun 30, 2025 | 34.71% |
| Mar 31, 2025 | 26.29% |
| Dec 31, 2024 | 24.91% |
| Sep 30, 2024 | 31.12% |
| Jun 30, 2024 | 33.82% |
| Mar 31, 2024 | 29.77% |
| Dec 31, 2023 | 33.12% |
| Sep 30, 2023 | 29.84% |
| Jun 30, 2023 | 28.60% |
| Mar 31, 2023 | 33.87% |
| Dec 31, 2022 | 30.13% |
| Sep 30, 2022 | 22.07% |
| Jun 30, 2022 | 34.86% |
| Mar 31, 2022 | 44.89% |
| Dec 31, 2021 | 39.60% |
| Sep 30, 2021 | 41.62% |
API Access
Freeport-Mcmoran Gross Margin API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=gross-margin&ticker=FCX&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "gross-margin", "ticker": "FCX", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=gross-margin&ticker=FCX&period=max&api_key=YOUR_API_KEY");
const data = await res.json();