FCX Freeport-McMoRan margins

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  2. Basic Materials
  3. NYSE: FCX
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Relative Growth: Rel. Growth: 68
Relative Strength: Rel. Strength: 84
Relative Valuation: Rel. Valuation: 49
Relative Profitability: Rel. Profitability: 70
Gross margin
27.1%
Operating margin
26.8%
EBITDA margin
29.3%
Net margin
11.4%

Using the latest TTM figures, Freeport-McMoRan shows a gross margin of 27.1%, an operating margin of 26.8%, an EBITDA margin of 29.3%, and a net margin of 11.4%. Net margin headed the available margin improvements with a 3.9 percentage-point increase, while gross margin dropped by 2.6 percentage points.

FCX margin history

Gross, operating, EBITDA and net margin trends

Over the last 3 years, Freeport-McMoRan recorded average margins of 29.83% gross, 26.94% operating, 28.35% EBITDA, and 8.37% net. Relative to the three-year averages, EBITDA and net margins are above their three-year averages and gross and operating margins are below their three-year averages.

FCX margin expansion

Year-over-year margin changes in percentage points

Freeport-McMoRan's EBITDA margin expanded by 1.8 percentage points and net margin by 3.9 percentage points, but gross margin contracted by 2.6 percentage points.

Gross margin expansion
-2.6pp
Operating margin expansion
0pp
EBITDA margin expansion
1.8pp
Net margin expansion
3.9pp

FCX Gross margin

Over the last 3 years, Freeport-McMoRan's gross margin averaged 29.83%. Right now, Freeport-McMoRan's current gross margin is 27.1%, which is 2.7 percentage points below its three-year average. During this period, gross margin reached a high of 31.9% in Sep 2024 and a low of 27.1% in Jun 2026.

FCX Operating margin

Over the last 3 years, Freeport-McMoRan recorded an average operating margin of 26.94%. Freeport-McMoRan's current operating margin is 26.8% and is 0.1 percentage points below its three-year average. The highest operating margin for Freeport-McMoRan was 28.6% in Sep 2024, while the lowest was 25.2% in Dec 2025.

FCX EBITDA margin

Freeport-McMoRan's EBITDA margin averaged 28.35% across the past 3 years. Compared with its three-year average, Freeport-McMoRan's current EBITDA margin is 29.3% and is 1 percentage points above its three-year average. Over the last 3 years, Freeport-McMoRan's EBITDA margin peaked at 30% in Sep 2023 and reached a low of 26.9% in Mar 2025.

FCX Net margin

The average net margin for Freeport-McMoRan was 8.37% across the past 3 years. Freeport-McMoRan's current net margin is 11.4% and is 3 percentage points above its three-year average. The net margin for Freeport-McMoRan moved between 7% in Mar 2024 and 11.4% in Jun 2026.

FCX margin group comparison

Margins compared with peer-group, industry and sector averages

Freeport-McMoRan's gross margin of 27.1% is lower than the Basic Materials sector and the industry average. Looking at the Basic Materials sector average of 32.3%, Freeport-McMoRan's gross margin is 16% lower.

FCX margin peer comparison

Compare margins with selected peers

Frequently asked questions

What is Freeport-McMoRan's gross margin?

As of Jun 30, 2026, FCX has a gross margin of 27.1%.

What is Freeport-McMoRan's operating margin?

As of Jun 30, 2026, FCX has an operating margin of 26.8%.

What is Freeport-McMoRan's EBITDA margin?

The current EBITDA margin for FCX is 29.3% as of Jun 30, 2026.

What is Freeport-McMoRan's net margin?

As of Jun 30, 2026, FCX has a net margin of 11.4%.

What are the average margins of FCX?

Looking back over 3 years, FCX recorded average margins of 29.8% gross, 26.9% operating, 28.4% EBITDA, and 8.4% net.

What are the highest historical margins of FCX?

Within the 5-year period, FCX recorded its highest margins at 41.2% gross in Mar 2022, 39.2% operating in Mar 2022, 42.5% EBITDA in Mar 2022, and 20.8% net in Mar 2022.

What are the lowest historical margins of FCX?

Over the last 5 years, Freeport-McMoRan's lowest margins were 27.1% gross in Jun 2026, 25.1% operating in Jun 2023, 26.9% EBITDA in Mar 2025, and 7% net in Mar 2024.