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Screener / SEC EDGAR /CIK 0000831259 /10-K filed Feb 13, 2026, compared with Feb 14, 2025 /Numbers from the XBRL of the 10-Ks
Materials peers:
IPNEMFCXAMCRSTLDSHW
NYSE Materials · Mining

Freeport-McMoRan FCX

FCX quote by TradingView
Employees
29,000
Headquarters
Phoenix, AZ
CEO
Kathleen L. Quirk
Next results
around Jan 21, 2027
Compare with peers Embed

Where each dollar of revenue went, FY2025

Revenue of $25.9B through the costs to a net profit of $2.2B · income statement of the 10-K

25% operating margin
Revenue to Gross profit: $7.3BRevenue to Cost of revenue: $18.6BGross profit to Operating profit: $6.5BGross profit to Operating expenses: $779.0MOperating profit to Net profit: $2.2BOperating profit to Tax & other: $4.3B Revenue: $25.9B REVENUE $25.9B +2% Y/Y Gross profit: $7.3B · 28% margin GROSS PROFIT $7.3B 28% margin Cost of revenue: $18.6B · 72% of revenue COST OF REVENUE $18.6B 72% of revenue Operating profit: $6.5B · 25% margin OPERATING PROFIT $6.5B 25% margin · −5% Y/Y Operating expenses: $779.0M · 3% of revenue OPERATING EXPENSES $779.0M 3% of revenue Net profit: $2.2B · 9% margin NET PROFIT $2.2B 9% margin · +17% Y/Y Tax & other: $4.3B · 17% of revenue TAX & OTHER $4.3B 17% of revenue
Gross profit $7.3B 28% margin
Operating profit $6.5B 25% margin · −5% Y/Y
Net profit $2.2B 9% margin · +17% Y/Y
The full income statement, year by year

FCX among Materials peers

Six ratios from the latest 10-K. Each corner is the share of 23 peers the company is above, not a score.

Compare
Revenue growth: 1.8%, above 30% of 23 peers (their median 5.3%) REVENUE GROWTH 1.8% · above 30% Operating margin: 27.6%, above 93% of 15 peers (their median 11.2%) OPERATING MARGIN 27.6% · above 93% Net margin: 13.0%, above 78% of 23 peers (their median 8.8%) NET MARGIN 13.0% · above 78% FCF margin: 6.5%, above 39% of 23 peers (their median 7.0%) FCF MARGIN 6.5% · above 39% Return on capital: 14.0%, above 91% of 11 peers (their median 8.8%) RETURN ON CAPITAL 14.0% · above 91%
FCX Peer median Below the median

What changed

20 new risk paragraphs and 1 accounting fact worth reading about. 10-K filed Feb 13, 2026 against Feb 14, 2025.

Risk factors
20 new paragraphs, nothing like them in the previous 10-K
10-K Item 1A
Receivables growing faster than revenue
Receivables +69.0% vs revenue +1.8% (+67.2 pts)
10-K · XBRL
Accounting checks
9 other checks clear, 1 worth a look
10-K · XBRL
Insiders
No open-market buys in the last 90 days
Form 4
Filings
3 in the last 30 days
EDGAR

Each row opens the detail with the quote and the filing. A row is a change worth reading, not a verdict.

Accounting checks

10 checks on the latest 10-K. Checks, not verdicts.

How it works

1fact worth reading about the other 9 checks found nothing to note

  • Receivables growing faster than revenue
    Receivables +69.0% vs revenue +1.8% (+67.2 pts)
  • Cash from operations $5.6B vs net income $4.2B (FY ending Dec 31, 2025)
8 more checks with nothing to note
  • Same auditor in both 10-Ks: Ernst & Young LLP
  • No statement of substantial doubt about going concern
  • No 8-K item 4.02 in the last 2 years
  • No NT 10-K or NT 10-Q in the last 2 years
  • No longer listed: Tax Contingencies. Same as last year: Environmental Obligations
  • No sentence in the 10-K concludes that controls were not effective because of a material weakness
  • No 8-K item 2.06 in the last 2 years
  • No 8-K item 1.03 in the last 2 years

In their words

20 paragraphs in Risk Factors that were not in the 10-K filed Feb 14, 2025. Quoted as filed.

All 20 new paragraphs
  1. Item 1A · new paragraph · not in the 10-K filed Feb 14, 2025 10-K, ITEM 1A
    This report contains forward-looking statements in which we discuss our potential future performance, operations and projects. Forward-looking statements are all statements other than statements of historical facts, such as plans, projections or expectations relating to business outlook, strategy, goals or targets; repair and…
  2. Item 1A · new paragraph · not in the 10-K filed Feb 14, 2025 10-K, ITEM 1A
    The provisions of the U.S. Inflation Reduction Act of 2022 (the Act), which became applicable to us on January 1, 2023, include, among other provisions, a new Corporate Alternative Minimum Tax (CAMT) of 15% on the adjusted
  3. Item 1A · new paragraph · not in the 10-K filed Feb 14, 2025 10-K, ITEM 1A
    Additionally, on July 4, 2025, the President signed into law H.R.1 (also referred to as the One Big Beautiful Bill Act), which includes a broad range of tax reform provisions affecting businesses, including extending and modifying certain provisions of the Tax Cuts & Jobs Act of 2017. H.R.1 did not have a material impact on our…
  4. Item 1A · new paragraph · not in the 10-K filed Feb 14, 2025 10-K, ITEM 1A
    With the completion of its downstream processing facilities, PTFI is a fully integrated producer of refined copper and gold. Following the September 2025 mud rush incident, smelting operations in Indonesia at both PTFI’s smelter and PT Smelting were temporarily suspended during fourth-quarter 2025 as a result of limited copper…

New risk paragraphs, against peers

Latest 10-K of each, Materials companies closest in revenue

Paragraphs in Risk Factors with nothing like them in the company's 10-K the year before. A count of text, not of risk.

Financial performance

Last 4 fiscal years · 10-K XBRL

All years
MetricFY2022FY2023FY2024FY2025
Revenue$23.3B$22.9B$25.5B$25.9B
Net income$3.5B$1.8B$1.9B$2.2B
Operating cash flow$5.1B$5.3B$7.2B$5.6B
Free cash flow$1.7B$455.0M$2.4B$1.1B

Revenue, FY2016 to FY2025

Ten fiscal years, each from its own 10-K · XBRL · USD

$25.9B ▲ 1.8% in FY2025

FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Every number, year by year

Recent filings

3 filings in the last 30 days · SEC EDGAR

All filings

About the company

Freeport-McMoRan, Phoenix, AZ · from the 10-K filed Feb 13, 2026

Headquarters
Phoenix, AZ
Country
United States
Reports in
USD
Listed on
NYSE
Fiscal year ends
December 31
Last results
Oct 27, 2026
Incorporated in
DE

Employees, at the top of the page: "At December 31, 2025, we had approximately 29,000 employees (13,900 in the U" (10-K). Address and exchange: SEC's company file.

Email alerts

Sources

The 10-K filed Feb 13, 2026 (open at SEC), compared with the 10-K filed Feb 14, 2025. Numbers from the XBRL of the 10-Ks; filings from SEC EDGAR.

Work with it: Excel workbook · CSV. Google Sheet that stays up to date: paste =IMPORTDATA("https://tickdelta.com/company/FCX/export.csv") into a cell.