Freeport-McMoran Copper & Gold Inc (FCX)
Operating profit margin
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Operating income | US$ in thousands | 6,864,000 | 6,225,000 | 7,037,000 | 8,366,000 | 2,437,000 |
| Revenue | US$ in thousands | 25,455,000 | 22,855,000 | 22,780,000 | 22,845,000 | 14,198,000 |
| Operating profit margin | 26.97% | 27.24% | 30.89% | 36.62% | 17.16% |
December 31, 2024 calculation
Operating profit margin = Operating income ÷ Revenue
= $6,864,000K ÷ $25,455,000K
= 26.97%
The operating profit margin of Freeport-McMoran Copper & Gold Inc has shown fluctuations over the years based on the provided data.
In December 31, 2020, the company's operating profit margin was 17.16%, indicating that for every dollar of revenue generated, the company retained 17.16 cents as operating profit after accounting for operating expenses.
By December 31, 2021, the operating profit margin significantly improved to 36.62%, reflecting a substantial increase in operational efficiency and profitability.
Although there was a slight decrease in the operating profit margin to 30.89% by December 31, 2022, the company maintained a healthy margin level, indicating effective cost management and revenue generation strategies.
By December 31, 2023, the operating profit margin further declined to 27.24%, suggesting a reduction in profitability relative to the previous year. This could be due to various factors such as increased operating expenses or changes in market conditions.
In the most recent year ending December 31, 2024, the operating profit margin decreased slightly to 26.97%. While still at a respectable level, this consecutive decline may warrant further analysis to understand the underlying reasons driving this trend and its potential implications for the company's financial performance.
Peer comparison
Dec 31, 2024