Freeport-McMoran Copper & Gold Inc (FCX)
Operating 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating income (ttm) | US$ in thousands | 6,225,000 | 6,033,000 | 5,503,000 | 5,829,000 | 7,037,000 | 7,812,000 | 9,312,000 | 9,643,000 | 8,366,000 | 7,770,000 | 6,188,000 | 4,442,000 | 2,437,000 | 1,503,000 | 585,000 | 297,000 | 1,091,000 | 632,000 | 1,985,000 | 3,616,000 |
| 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 |
| Operating profit margin | 27.24% | 26.57% | 25.14% | 27.03% | 30.89% | 33.69% | 38.37% | 39.20% | 36.62% | 36.69% | 32.66% | 27.34% | 17.16% | 11.04% | 4.53% | 2.22% | 7.58% | 4.46% | 12.46% | 20.60% |
December 31, 2023 calculation
Operating profit margin = Operating income (ttm) ÷ Revenue (ttm)
= $6,225,000K ÷ $22,855,000K
= 27.24%
Freeport-McMoRan Inc has displayed a fluctuating trend in its operating profit margin over the past eight quarters. The company's operating profit margin has ranged from a high of 38.88% in Q1 2022 to a low of 25.14% in Q2 2023. The decrease in operating profit margin from Q1 2022 to Q2 2023 indicates a potential decline in the company's operational efficiency or profitability.
The company experienced a significant drop in operating profit margin from Q3 2022 to Q4 2022, where it fell from 33.61% to 30.88%. This decrease suggests that the company may have faced challenges or incurred higher costs during this period.
Overall, while Freeport-McMoRan Inc's operating profit margins have shown variability, the company has generally maintained margins above 25%, indicating a healthy level of profitability. However, monitoring these margins closely can provide insights into the company's operational performance and efficiency in generating profits.
Peer comparison
Dec 31, 2023
See also:
Freeport-McMoran Copper & Gold Inc Operating Profit Margin (Quarterly Data)