Freeport-McMoran Copper & Gold Inc (FCX)
Pretax 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings before tax but after interest (EBT) (ttm) | US$ in thousands | 6,907,000 | 7,395,000 | 6,904,000 | 6,142,000 | 6,006,000 | 5,814,000 | 5,209,000 | 5,540,000 | 6,715,000 | 7,152,000 | 8,645,000 | 8,974,000 | 7,659,000 | 7,155,000 | 5,518,000 | 3,807,000 | 1,797,000 | 694,000 | -23,000 | -334,000 |
| 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 |
| Pretax margin | 27.25% | 29.09% | 28.23% | 26.06% | 26.40% | 25.60% | 23.80% | 25.69% | 29.48% | 30.85% | 35.63% | 36.48% | 33.53% | 33.79% | 29.13% | 23.43% | 12.66% | 5.10% | -0.18% | -2.46% |
December 31, 2024 calculation
Pretax margin = EBT (ttm) ÷ Revenue (ttm)
= $6,907,000K ÷ $25,344,000K
= 27.25%
The pretax margin of Freeport-McMoran Copper & Gold Inc has shown a fluctuating trend over the reporting periods provided. The company experienced negative pretax margins in the first half of 2020, indicating that its operating expenses and other costs exceeded its gross profit during those periods.
However, from September 2020 onwards, the pretax margin started to improve significantly, reaching its peak at 36.48% in March 2022. This improvement suggests that the company was able to effectively control its operating expenses and generate higher earnings before taxes compared to its revenue.
After the peak in March 2022, the pretax margin experienced a slight decline but remained relatively stable above 25% until December 2024. This stable performance indicates that Freeport-McMoran Copper & Gold Inc maintained efficient cost management and profitability levels during this period.
Overall, the trend in the pretax margin of Freeport-McMoran Copper & Gold Inc reflects a significant improvement in profitability from 2020 onwards, with the company achieving consistent positive pretax margins in the later reporting periods.
Peer comparison
Dec 31, 2024