Freeport-McMoRan (FCX) FY2024 results: revenue $25.5 billion, up 11.4% on the year
Freeport-McMoRan Inc. (FCX) reported revenue of $25.5 billion for fiscal 2024, the year ended 31 December 2024, up 11.4% on the year before. Net income was $1.9 billion, up 2.2%. The figures are the company's own, from the 10-K it filed with the SEC on 14 February 2025.
Revenue
$25.5 billion
+11.4% on the year
FY2017FY2024
Operating margin
27.0%
27.2% a year earlier
FY2017FY2024
Net income
$1.9 billion
+2.2% on the year
FY2017FY2024
Diluted EPS
n/a
FY2017FY2024
this yearthe year beforeHover a bar for its figure.
$ million except per share. Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.
Cash flow
$ million
FY2024
FY2023
FY2022
On the year
Last 8 years
Operating cash flow
7,160
5,279
5,139
+35.6%
Capital expenditure
4,808
4,824
3,469
-0.3%
Free cash flow
2,352
455
1,670
+416.9%
Free cash flow margin
9.2%
2.0%
7.3%
Cash from investing
-5,028
-4,956
-3,440
Cash from financing
-3,284
-2,650
-1,623
Depreciation and amortisation
2,241
2,068
2,019
+8.4%
Share-based compensation
109
109
95.0
0.0%
Buybacks
59.0
0.0
1,347
Dividends paid
865
863
866
+0.2%
Dividend per share
$0.60
$0.60
$0.60
0.0%
Diluted shares, weighted
1,445m
1,443m
1,451m
+0.1%
Balance sheet
$ million
FY2024
FY2023
FY2022
On the year
Last 8 years
Shareholders' equity
17,581
16,693
15,555
+5.3%
Non-controlling interest
11,197
10,617
9,316
+5.5%
Debt
8,948
9,422
10,620
-5.0%
Operating lease liabilities
692
347
294
+99.4%
Other liabilities
16,430
15,427
15,308
+6.5%
Total liabilities and equity
54,848
52,506
51,093
+4.5%
Fixed assets
38,514
35,295
32,627
+9.1%
Intangible assets
428
422
416
+1.4%
Investments
102
84.0
79.0
+21.4%
Cash and equivalents
3,923
4,758
8,146
-17.5%
Receivables
578
1,209
1,336
-52.2%
Other assets
11,303
10,738
8,489
+5.3%
Total assets
54,848
52,506
51,093
+4.5%
10-K for the year ended 31 December 2024, filed 14 February 2025: the filing.