Freeport-McMoran Copper & Gold Inc (FCX)
Profitability ratios
Return on sales
| 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross profit margin | 31.33% | 30.56% | 28.81% | 30.38% | 33.76% | 36.22% | 40.49% | 41.20% | 38.59% | 36.85% | 33.01% | 27.67% | 17.91% | 11.90% | 5.86% | 3.75% | 8.90% | 8.02% | 15.05% | 22.91% |
| 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% |
| Pretax margin | 18.02% | 18.76% | 18.35% | 21.08% | 28.49% | 39.18% | 42.83% | 43.37% | 38.18% | 29.25% | 25.30% | 20.03% | 10.87% | 4.13% | -1.39% | -3.10% | 1.88% | -1.70% | 5.98% | 14.76% |
| 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% |
Freeport-McMoRan Inc's profitability ratios have shown some fluctuation over the past eight quarters. The gross profit margin has generally decreased from 42.75% in Q4 2022 to 40.38% in Q4 2023, indicating a slight decline in the company's ability to generate profits after considering direct production costs.
Similarly, the operating profit margin has followed a downward trend, decreasing from 30.88% in Q4 2022 to 27.24% in Q4 2023. This suggests that Freeport-McMoRan Inc's operating expenses relative to revenue have increased, impacting its operating profitability.
The pretax margin has also displayed a decreasing pattern, going from 29.61% in Q4 2022 to 26.34% in Q4 2023, indicating a decline in the company's profitability before accounting for taxes.
Notably, the net profit margin has shown a significant decrease, dropping from 15.19% in Q4 2022 to 8.06% in Q4 2023. This indicates that Freeport-McMoRan Inc's bottom line profitability has been impacted by various factors, including expenses and taxes.
Overall, the declining trend in profitability margins for Freeport-McMoRan Inc suggests the company may be facing challenges in maintaining and improving its profitability levels, warranting further analysis to identify the specific reasons behind these downward trends.
Return on investment
| 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 return on assets (Operating ROA) | 11.86% | 11.68% | 10.81% | 11.45% | 13.77% | 15.65% | 18.58% | 19.75% | 17.42% | 16.56% | 13.62% | 10.18% | 5.78% | 3.66% | 1.45% | 0.74% | 2.67% | 1.54% | 4.83% | 8.81% |
| Return on assets (ROA) | 3.52% | 4.18% | 4.14% | 5.12% | 8.26% | 13.52% | 15.45% | 16.36% | 13.38% | 8.33% | 6.25% | 4.14% | 1.42% | -0.24% | -1.58% | -1.89% | -0.59% | 0.32% | 2.17% | 4.87% |
| Return on total capital | 24.56% | 23.36% | 21.45% | 22.73% | 27.99% | 31.74% | 37.33% | 41.70% | 36.28% | 35.12% | 29.97% | 22.13% | 12.28% | 7.82% | 3.12% | 1.59% | 5.71% | 3.26% | 10.12% | 18.37% |
| Return on equity (ROE) | 11.07% | 13.11% | 13.00% | 16.22% | 27.14% | 45.13% | 52.01% | 53.73% | 45.95% | 29.27% | 23.63% | 16.56% | 5.89% | -1.08% | -7.10% | -8.59% | -2.57% | 1.38% | 9.20% | 20.44% |
Freeport-McMoRan Inc's profitability ratios have shown some fluctuations over the past eight quarters. The Operating Return on Assets (Operating ROA) has been relatively stable, ranging from 10.81% to 13.77% in Q2 2023 and Q4 2022, respectively. This ratio indicates that the company is generating profits from its assets, with an average of around 12%.
The Return on Assets (ROA) has shown more variability, with values ranging from 3.51% to 7.75% over the same period. This ratio reflects the overall efficiency of the company in generating profits from its total assets, with an average of approximately 5%.
The Return on Total Capital has also exhibited fluctuations, varying from 21.48% to 39.14%. This ratio represents the return generated from both debt and equity capital invested in the company, with an average of about 25%.
Lastly, the Return on Equity (ROE) has shown a decreasing trend, declining from 34.35% in Q1 2022 to 11.03% in Q4 2023. ROE reflects the return generated on the company's shareholders' equity, with an average of approximately 20%.
Overall, while Freeport-McMoRan Inc has shown decent profitability levels, there are some fluctuations in the ratios, which may warrant further investigation into the company's operational performance and efficiency in utilizing its assets and capital.
See also:
Freeport-McMoran Copper & Gold Inc Profitability Ratios (Quarterly Data)