Freeport-McMoran Copper & Gold Inc (FCX)
Return on equity (ROE)
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income (ttm) | US$ in thousands | 1,889,000 | 2,003,000 | 1,931,000 | 2,044,000 | 2,610,000 | 3,201,000 | 3,299,000 | 3,410,000 | 3,898,000 | 4,025,000 | 4,872,000 | 5,115,000 | 4,306,000 | 3,908,000 | 2,838,000 | 1,808,000 | 599,000 | -100,000 | -560,000 | -685,000 |
| Total stockholders’ equity | US$ in thousands | 17,581,000 | 17,548,000 | 17,404,000 | 16,973,000 | 16,693,000 | 16,459,000 | 16,202,000 | 16,057,000 | 15,555,000 | 14,954,000 | 14,889,000 | 14,866,000 | 13,980,000 | 13,353,000 | 12,011,000 | 10,920,000 | 10,174,000 | 9,151,000 | 8,954,000 | 8,855,000 |
| ROE | 10.74% | 11.41% | 11.10% | 12.04% | 15.64% | 19.45% | 20.36% | 21.24% | 25.06% | 26.92% | 32.72% | 34.41% | 30.80% | 29.27% | 23.63% | 16.56% | 5.89% | -1.09% | -6.25% | -7.74% |
December 31, 2024 calculation
ROE = Net income (ttm) ÷ Total stockholders’ equity
= $1,889,000K ÷ $17,581,000K
= 10.74%
Freeport-McMoran Copper & Gold Inc's return on equity (ROE) has shown fluctuations over the given periods. The ROE was negative in the first three quarters of 2020, indicating that the company was not generating positive returns relative to its equity. However, starting from December 2020, there was a turnaround with the ROE turning positive, indicating improved profitability relative to the shareholders' equity.
The company's ROE continued to increase throughout 2021 and peaked at 34.41% in March 2022. This significant increase suggests that Freeport-McMoran Copper & Gold Inc was efficiently utilizing its equity to generate profits during this period.
From June 2022 to December 2024, the ROE declined gradually but remained above 10%, indicating that the company was still generating positive returns for its shareholders, although at a slightly lower rate compared to the peak in 2022.
Overall, Freeport-McMoran Copper & Gold Inc's ROE trajectory indicates a mix of profitability challenges and successes, with the company managing to bounce back from negative figures to achieve healthy returns on equity, albeit with some fluctuations in the later periods.
Peer comparison
Dec 31, 2024
See also:
Freeport-McMoran Copper & Gold Inc Return on Equity (ROE) (Quarterly Data)