Freeport-McMoran Copper & Gold Inc (FCX)
Net profit margin
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 1,889,000 | 1,842,000 | 3,468,000 | 4,306,000 | 853,000 |
| Revenue | US$ in thousands | 25,455,000 | 22,855,000 | 22,780,000 | 22,845,000 | 14,198,000 |
| Net profit margin | 7.42% | 8.06% | 15.22% | 18.85% | 6.01% |
December 31, 2024 calculation
Net profit margin = Net income ÷ Revenue
= $1,889,000K ÷ $25,455,000K
= 7.42%
The net profit margin of Freeport-McMoran Copper & Gold Inc has shown some fluctuations over the years according to the provided data.
In December 2020, the net profit margin was 6.01%, indicating that the company was able to generate a profit of 6.01 cents for every dollar of revenue earned.
By December 2021, the net profit margin significantly improved to 18.85%, reflecting a substantial increase in profitability compared to the previous year.
In December 2022, although there was a slight decrease in the net profit margin to 15.22%, the company still maintained a strong level of profitability.
However, there was a notable decline in profitability by December 2023, with the net profit margin decreasing to 8.06%.
By December 2024, the net profit margin further decreased to 7.42%, indicating a continued decline in the company's profitability.
Overall, while Freeport-McMoran Copper & Gold Inc experienced fluctuations in net profit margin over the years, it is essential for the company to continue monitoring and managing its profitability to ensure sustainable financial performance.
Peer comparison
Dec 31, 2024