Freeport-McMoran Copper & Gold Inc (FCX)
Net 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income (ttm) | US$ in thousands | 1,889,000 | 2,003,000 | 1,931,000 | 2,044,000 | 2,610,000 | 3,201,000 | 3,299,000 | 3,410,000 | 3,898,000 | 4,025,000 | 4,872,000 | 5,115,000 | 4,306,000 | 3,908,000 | 2,838,000 | 1,808,000 | 599,000 | -100,000 | -560,000 | -685,000 |
| 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 |
| Net profit margin | 7.45% | 7.88% | 7.90% | 8.67% | 11.47% | 14.10% | 15.07% | 15.81% | 17.11% | 17.36% | 20.08% | 20.79% | 18.85% | 18.45% | 14.98% | 11.13% | 4.22% | -0.73% | -4.28% | -5.05% |
December 31, 2024 calculation
Net profit margin = Net income (ttm) ÷ Revenue (ttm)
= $1,889,000K ÷ $25,344,000K
= 7.45%
The net profit margin of Freeport-McMoran Copper & Gold Inc has shown a significant improvement over the last few years. It started in negative territory in March 2020 with -5.05% and continued to improve gradually reaching positive figures.
By the end of 2020, the net profit margin turned positive at 4.22% and experienced steady growth throughout 2021 and 2022, reaching a high of 20.79% in March 2022. This demonstrates the company's ability to effectively control costs and generate higher profits relative to its revenue during this period.
However, from the second half of 2022, the net profit margin started to decline, falling to 7.45% by the end of December 2024. This decline could be attributed to various factors such as increasing operating expenses, changes in commodity prices, or other industry-specific challenges.
Overall, the trend of the net profit margin indicates a period of strong profitability followed by a slight downturn in recent periods. Further analysis would be required to determine the specific reasons behind these fluctuations and to assess the company's long-term profitability prospects.
Peer comparison
Dec 31, 2024
See also:
Freeport-McMoran Copper & Gold Inc Net Profit Margin (Quarterly Data)