Freeport-Mcmoran (FCX) Gross Margin (2009 - 2026)
Freeport-Mcmoran (FCX) posted Gross Margin of 31.10% for Q2 2026, down 3.61 percentage points from 34.71% a year earlier but up 4.55 percentage points from the prior quarter.
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Analysis
Freeport-Mcmoran (FCX) Gross Margin (2009 - 2026) Analysis & Trends
For the trailing twelve months through Jun 30, 2026, Gross Margin at Freeport-Mcmoran was 27.06%, down 2.67 percentage points year-over-year; for FY2025, it came in at 28.16%, down 1.93 percentage points from FY2024.
- Annual Gross Margin has declined for four consecutive years, though with a five-year change of +10.25 percentage points (FY2020 to FY2025).
- In prior years, Freeport-Mcmoran's Gross Margin was 30.09% in FY2024 (-1.24 pp), 31.33% in FY2023 (-2.43 pp), 33.76% in FY2022 (-4.82 pp) and 38.59% in FY2021 (+20.68 pp).
- Quarterly Gross Margin has run from a low of 18.05% in Q4 2025 to a high of 44.89% in Q1 2022 over five years.
- On a year-over-year basis, Gross Margin increased in three of the last eight quarters, with an average year-over-year change of -2.52 percentage points.
- The strongest year-over-year quarter for Gross Margin in the past five years was Q3 2021, with a gain of 16.10 percentage points; the weakest was Q3 2022, with a drop of 19.56 percentage points.
- According to Business Quant data, Gross Margin for the three prior quarters was 26.55% (Q1 2026), 18.05% (Q4 2025) and 30.72% (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Rio Tinto | 182.38 Bn | 151.41 Bn | - | - |
| 2 | Southern Copper | 168.98 Bn | 147.76 Bn | 2.90 Bn | 67.60% |
| 3 | Rio Tinto | 143.06 Bn | 103.56 Bn | - | - |
| 4 | Newmont | 125.35 Bn | 93.35 Bn | 4.03 Bn | 65.87% |
| 5 | Freeport-Mcmoran | 99.16 Bn | 83.21 Bn | 2.19 Bn | 31.10% |
| 6 | Agnico Eagle Mines | 94.43 Bn | 84.06 Bn | 2.43 Bn | 63.79% |
| 7 | Barrick Mining | 69.38 Bn | 44.58 Bn | 2.90 Bn | 54.74% |
| 8 | Nucor | 59.50 Bn | 48.88 Bn | 2.03 Bn | 19.56% |
| 9 | ArcelorMittal | 48.22 Bn | 27.24 Bn | - | - |
| 10 | AngloGold Ashanti | 46.85 Bn | 34.73 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();