Freeport-McMoran Copper & Gold Inc (FCX)
Gross profit margin
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Gross profit | US$ in thousands | 7,660,000 | 7,160,000 | 7,691,000 | 8,815,000 | 2,543,000 |
| Revenue | US$ in thousands | 25,455,000 | 22,855,000 | 22,780,000 | 22,845,000 | 14,198,000 |
| Gross profit margin | 30.09% | 31.33% | 33.76% | 38.59% | 17.91% |
December 31, 2024 calculation
Gross profit margin = Gross profit ÷ Revenue
= $7,660,000K ÷ $25,455,000K
= 30.09%
Freeport-McMoran Copper & Gold Inc's gross profit margin experienced a notable improvement from 17.91% in December 2020 to 38.59% in December 2021, indicating enhanced efficiency in generating revenue after deducting direct production costs. However, in the subsequent years, the margin fluctuated, reaching 33.76% in December 2022, followed by a decline to 31.33% in December 2023 and further to 30.09% in December 2024. Despite these fluctuations, the company's gross profit margin remained above 30% for the last two years, suggesting a relatively healthy level of profitability in its core operations. It might be beneficial for stakeholders to further investigate the factors influencing these fluctuations to maintain or improve the company's profit margins in the future.
Peer comparison
Dec 31, 2024