Freeport-McMoran Copper & Gold Inc (FCX)
Gross profit margin
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross profit (ttm) | US$ in thousands | 7,443,000 | 7,837,000 | 7,500,000 | 6,941,000 | 7,023,000 | 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 | 1,625,000 | 922,000 | 673,000 |
| Revenue (ttm) | US$ in thousands | 25,344,000 | 25,423,000 | 24,457,000 | 23,570,000 | 22,749,000 | 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 | 13,071,000 | 13,563,000 |
| Gross profit margin | 29.37% | 30.83% | 30.67% | 29.45% | 30.87% | 30.56% | 28.81% | 30.38% | 33.76% | 36.22% | 40.49% | 41.20% | 38.59% | 36.85% | 33.01% | 27.67% | 17.91% | 11.94% | 7.05% | 4.96% |
December 31, 2024 calculation
Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $7,443,000K ÷ $25,344,000K
= 29.37%
The gross profit margin of Freeport-McMoran Copper & Gold Inc has shown fluctuations over the period from March 31, 2020, to December 31, 2024. Initially, the gross profit margin was relatively low at 4.96% in March 2020, indicating that the company was generating only a small percentage of revenue after accounting for the cost of goods sold.
However, there was a steady increase in the gross profit margin over time, reaching a peak of 41.20% in March 2022. This significant improvement suggests that the company was effectively managing its production costs and achieving higher profitability from its core operations.
Subsequently, there was a slight dip in the gross profit margin, followed by some fluctuations, hovering around the 30% range from June 2023 to December 2024. This could be a reflection of changes in commodity prices, operational efficiencies, or other factors impacting the company's cost structure.
Overall, the trend in Freeport-McMoran's gross profit margin reflects the company's ability to enhance operational performance and optimize profitability, although some variability in the margin is observed in the later periods.
Peer comparison
Dec 31, 2024
See also:
Freeport-McMoran Copper & Gold Inc Gross Profit Margin (Quarterly Data)