Freeport-McMoran Copper & Gold Inc (FCX)
Gross profit margin
| Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross profit (ttm) | US$ in thousands | 7,160,000 | 6,939,000 | 6,305,000 | 6,552,000 | 7,691,000 | 8,397,000 | 9,825,000 | 10,135,000 | 8,815,000 | 7,803,000 | 6,254,000 | 4,497,000 | 2,543,000 | 1,620,000 | 757,000 | 503,000 | 1,282,000 | 1,137,000 | 2,398,000 | 4,022,000 |
| Revenue (ttm) | US$ in thousands | 22,855,000 | 22,708,000 | 21,887,000 | 21,566,000 | 22,780,000 | 23,186,000 | 24,266,000 | 24,598,000 | 22,845,000 | 21,176,000 | 18,944,000 | 16,250,000 | 14,198,000 | 13,614,000 | 12,916,000 | 13,408,000 | 14,402,000 | 14,175,000 | 15,930,000 | 17,552,000 |
| Gross profit margin | 31.33% | 30.56% | 28.81% | 30.38% | 33.76% | 36.22% | 40.49% | 41.20% | 38.59% | 36.85% | 33.01% | 27.67% | 17.91% | 11.90% | 5.86% | 3.75% | 8.90% | 8.02% | 15.05% | 22.91% |
December 31, 2023 calculation
Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $7,160,000K ÷ $22,855,000K
= 31.33%
Freeport-McMoRan Inc's gross profit margin has exhibited fluctuations over the past eight quarters. The gross profit margin declined from 42.75% in Q4 2022 to 40.38% in Q4 2023, indicating a decrease in the company's ability to generate profits from its revenue. This trend continued in subsequent quarters with the gross profit margin hovering around 39%-40% levels.
The declining trend in the gross profit margin may be attributed to various factors such as changes in production costs, pricing pressures, or shifts in product mix. It is essential for Freeport-McMoRan Inc to closely monitor and manage its cost structure to improve its profitability and maintain a healthy gross profit margin.
Overall, the analysis of Freeport-McMoRan Inc's gross profit margin highlights the company's performance in managing its production costs and generating profits from its core operations over the specified quarters.
Peer comparison
Dec 31, 2023
See also:
Freeport-McMoran Copper & Gold Inc Gross Profit Margin (Quarterly Data)