Freeport-Mcmoran (FCX) Operating Margin (2009 - 2026)
Freeport-Mcmoran's (FCX) quarterly Operating Margin came in at 28.5% in Q2 2026, down 358.0% year-over-year from 11.05% in Q2 2025, and down 16.87% quarter-over-quarter from 34.28% in Q1 2026.
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Analysis
Freeport-Mcmoran (FCX) Operating Margin (2009 - 2026) Analysis & Trends
Freeport-Mcmoran (FCX) has reported Operating Margin for 18 consecutive years, with 28.5% the latest figure, recorded in Q2 2026.
- On a quarterly basis, Operating Margin fell 358.0% year-over-year to 28.5% in Q2 2026; TTM through Jun 2026 was 26.76%, a 2.0% decrease from a year earlier, with the FY2025 full-year figure at 25.15%, down 181.0% from the prior year.
- Operating Margin was 28.5% for Q2 2026 at Freeport-Mcmoran, down from 34.28% in the prior quarter.
- Over five years, Operating Margin peaked at 42.54% in Q1 2022 and troughed at 14.4% in Q4 2025.
- A 5-year average of 27.6% and a median of 28.39% in 2025 frame the typical range for Operating Margin.
- Across the five-year window, Operating Margin plunged 2124 bps in 2022 and jumped 1153 bps in 2026, its largest moves.
- Over 5 years, Operating Margin stood at 26.57% in 2022, then climbed by 10 bps to 29.16% in 2023, then decreased by 25 bps to 21.73% in 2024, then slumped by 34 bps to 14.4% in 2025, then surged by 98 bps to 28.5% in 2026.
- The last three Operating Margin figures came in at 28.5% (Q2 2026), 34.28% (Q1 2026), and 14.4% (Q4 2025), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Operating Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Rio Tinto | 186.21 Bn | 152.34 Bn | - | - |
| 2 | Southern Copper | 170.20 Bn | 149.06 Bn | 2.90 Bn | 61.16% |
| 3 | Newmont | 127.93 Bn | 96.10 Bn | 4.03 Bn | 16.48% |
| 4 | Ternium | 111.02 Bn | 76.07 Bn | 941.02 Mn | 12.17% |
| 5 | Freeport-Mcmoran | 103.81 Bn | 99.96 Bn | 2.19 Bn | 28.50% |
| 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 | 51.63% |
| 8 | Nucor | 56.10 Bn | 46.64 Bn | 2.03 Bn | 15.67% |
| 9 | ArcelorMittal | 53.80 Bn | 34.82 Bn | - | 6.29% |
| 10 | AngloGold Ashanti | 50.01 Bn | 39.68 Bn | 1.70 Bn | 57.51% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 28.50% |
| Mar 31, 2026 | 34.28% |
| Dec 31, 2025 | 14.40% |
| Sep 30, 2025 | 28.28% |
| Jun 30, 2025 | 32.08% |
| Mar 31, 2025 | 22.75% |
| Dec 31, 2024 | 21.73% |
| Sep 30, 2024 | 28.54% |
| Jun 30, 2024 | 30.93% |
| Mar 31, 2024 | 25.85% |
| Dec 31, 2023 | 29.16% |
| Sep 30, 2023 | 25.62% |
| Jun 30, 2023 | 24.58% |
| Mar 31, 2023 | 29.71% |
| Dec 31, 2022 | 26.57% |
| Sep 30, 2022 | 19.23% |
| Jun 30, 2022 | 32.05% |
| Mar 31, 2022 | 42.54% |
| Dec 31, 2021 | 37.39% |
| Sep 30, 2021 | 40.47% |
API Access
Freeport-Mcmoran Operating 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=operating-margin&ticker=FCX&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "operating-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=operating-margin&ticker=FCX&period=max&api_key=YOUR_API_KEY");
const data = await res.json();