Freeport-McMoran Copper & Gold Inc (FCX)
Pretax margin
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Earnings before tax but after interest (EBT) | US$ in thousands | 6,907,000 | 6,006,000 | 6,715,000 | 7,659,000 | 1,797,000 |
| Revenue | US$ in thousands | 25,455,000 | 22,855,000 | 22,780,000 | 22,845,000 | 14,198,000 |
| Pretax margin | 27.13% | 26.28% | 29.48% | 33.53% | 12.66% |
December 31, 2024 calculation
Pretax margin = EBT ÷ Revenue
= $6,907,000K ÷ $25,455,000K
= 27.13%
The pretax margin of Freeport-McMoran Copper & Gold Inc has shown variations over the years based on the provided data. In December 31, 2020, the pretax margin was 12.66%, indicating that for every dollar of revenue, the company generated approximately $0.13 in pre-tax profit.
There was a significant increase in pretax margin to 33.53% by December 31, 2021, suggesting an improvement in the company's operational efficiency and cost management. This may have been driven by factors such as increased revenue, better cost control, or other operational efficiencies.
The pretax margin slightly decreased to 29.48% by December 31, 2022, and further declined to 26.28% by December 31, 2023. These decreases could be attributed to various factors such as rising costs, changes in commodity prices, or operating challenges.
By December 31, 2024, the pretax margin had a slight improvement to 27.13%, indicating a partial recovery from the decline in the previous years. Overall, the trend in the pretax margin of Freeport-McMoran Copper & Gold Inc reflects the company's ability to generate profits before accounting for taxes and provides insights into its operational efficiency and financial performance over the years.
Peer comparison
Dec 31, 2024