Freeport-McMoran Copper & Gold Inc (FCX)
Net 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income (ttm) | US$ in thousands | 1,848,000 | 2,157,000 | 2,107,000 | 2,604,000 | 4,222,000 | 6,749,000 | 7,744,000 | 7,987,000 | 6,424,000 | 3,908,000 | 2,838,000 | 1,808,000 | 599,000 | -100,000 | -636,000 | -761,000 | -239,000 | 130,000 | 893,000 | 2,000,000 |
| 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 |
| Net profit margin | 8.09% | 9.50% | 9.63% | 12.07% | 18.53% | 29.11% | 31.91% | 32.47% | 28.12% | 18.45% | 14.98% | 11.13% | 4.22% | -0.73% | -4.92% | -5.68% | -1.66% | 0.92% | 5.61% | 11.39% |
December 31, 2023 calculation
Net profit margin = Net income (ttm) ÷ Revenue (ttm)
= $1,848,000K ÷ $22,855,000K
= 8.09%
The net profit margin of Freeport-McMoRan Inc has exhibited a decreasing trend over consecutive quarters in 2023 compared to the same periods in 2022. The net profit margin was 8.06% in Q4 2023, down from 9.46% in Q3 2023, indicating a decline in profitability. This downward trend continued from Q3 to Q2 2023, with a net profit margin of 9.59%, and the largest drop was observed from Q2 to Q1 2023, with a net profit margin of 12.04%.
Comparing the current data with the previous year, there has been a consistent decline in profitability as the net profit margins were significantly higher in 2022. For instance, the net profit margin in Q4 2022 was 15.19%, which is nearly double the net profit margin in Q4 2023.
Overall, the decreasing trend in the net profit margin of Freeport-McMoRan Inc suggests a potential challenge in maintaining profitability in 2023 compared to the previous year. It is essential for the company to closely monitor and address factors impacting its profitability to improve performance in subsequent quarters.
Peer comparison
Dec 31, 2023
See also:
Freeport-McMoran Copper & Gold Inc Net Profit Margin (Quarterly Data)