Freeport-Mcmoran (FCX) Operating Margin (2009 - 2026)
Freeport-Mcmoran (FCX) reported Operating Margin of 28.50% for Q2 2026, down 3.58 percentage points from 32.08% a year earlier and down 5.78 percentage points from the prior quarter.
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Analysis
Freeport-Mcmoran (FCX) Operating Margin (2009 - 2026) Analysis & Trends
Over the twelve months ended Jun 30, 2026, Freeport-Mcmoran's Operating Margin came in at 26.76%, down 0.02 percentage points year-over-year; for FY2025, it was 25.15%, down 1.81 percentage points from FY2024.
- Operating Margin has declined for four consecutive years, though with a five-year change of +7.99 percentage points (FY2020 to FY2025).
- By year, Operating Margin came in at 26.97% in FY2024 (-0.27 pp), 27.24% in FY2023 (-3.65 pp), 30.89% in FY2022 (-5.73 pp) and 36.62% in FY2021 (+19.46 pp).
- Five-year quarterly Operating Margin spans a low of 14.40% in Q4 2025 and a high of 42.54% in Q1 2022.
- Year over year, Operating Margin gained in three of the last eight quarters, with an average year-over-year change of -0.76 percentage points.
- The high point for year-over-year Operating Margin in five years was Q3 2021 (a gain of 17.62 percentage points); the low point was Q3 2022 (a drop of 21.24 percentage points).
- Per Business Quant data, the three quarters before Q2 2026 came in at 34.28% (Q1 2026), 14.40% (Q4 2025) and 28.28% (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Operating Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Rio Tinto | 182.38 Bn | 151.41 Bn | - | - |
| 2 | Southern Copper | 169.98 Bn | 148.77 Bn | 2.90 Bn | 61.16% |
| 3 | Rio Tinto | 143.00 Bn | 103.50 Bn | - | - |
| 4 | Newmont | 125.14 Bn | 93.14 Bn | 4.03 Bn | 16.48% |
| 5 | Freeport-Mcmoran | 99.80 Bn | 83.84 Bn | 2.19 Bn | 28.50% |
| 6 | Agnico Eagle Mines | 94.06 Bn | 83.69 Bn | 2.43 Bn | 60.65% |
| 7 | Barrick Mining | 69.43 Bn | 44.63 Bn | 2.90 Bn | 51.63% |
| 8 | Nucor | 59.48 Bn | 48.86 Bn | 2.03 Bn | 15.67% |
| 9 | ArcelorMittal | 48.26 Bn | 27.28 Bn | - | 6.29% |
| 10 | AngloGold Ashanti | 46.52 Bn | 34.41 Bn | 1.70 Bn | 49.81% |
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();