Freeport-McMoRan (FCX) Q3 2025 10-Q Quarterly Report
Freeport-McMoRan (FCX) 10-Q quarterly report for Q3 2025, filed with SEC EDGAR on Nov 6, 2025 for the fiscal period ending Sep 30, 2025. This page provides AI-powered analysis including management discussion & analysis (MD&A), risk factor updates, and key quarterly financial data such as revenue and net income extracted from XBRL.
Freeport-McMoRan Q3 2025 10-Q Analysis
Management Discussion & Analysis
- • Q3 2025 revenue $7.0B, up $0.18B YoY from $6.8B in Q3 2024; first 9 months 2025 revenue $20.3B vs $19.7B YoY
- • Operating income Q3 2025 $2.0B (28.3% margin) vs $1.9B (28.5% margin) Q3 2024; 9M operating income $5.7B vs $5.6B YoY
- • Best segment: U.S. copper mines gross profit/pound $1.23 Q3 2025 vs $0.57 Q3 2024; worst: Indonesia unit net cash credits $-0.92/lb Q3 2025 vs $-0.71/lb Q3 2024
- • Cash and equivalents $4.3B at 9/30/25, down from $5.0B at 9/30/24; operating cash flow $1.66B Q3 2025 vs $1.87B Q3 2024; capital expenditures $1.06B Q3 2025 vs $1.20B
- • Management lowers 2025 sales volume guidance for Indonesia due to September mud rush incident; projects consolidated 2025 copper sales 3.5B lbs, unit net cash cost $1.68/lb; expects 2025 operating cash flows ~$5.5B and capital expenditures $4.5B
Risk Factors
- • No material changes to risk factors compared to 2024 Form 10-K
- • Continued exposure to commodity price volatility impacting revenue and profitability
- • Ongoing operational risks including mine safety and production disruptions
- • Legal and regulatory compliance risks related to environmental regulations and permits
- • Financial risks from debt maturities and liquidity management remain consistent
Freeport-McMoRan Q3 2025 Quarterly FinancialsXBRL
Revenue
$6.8B
▲ +2.1% YoY▼ -9.4% QoQ
Net Income
$674M
▲ +28.1% YoY▼ -12.7% QoQ
Operating Margin
28.9%
▼ -9bp YoY▼ -340bp QoQ
Net Margin
9.9%
▲ +201bp YoY▼ -37bp QoQ
ROE
3.6%
Total Assets
$56.8B
EPS (Diluted)
$0.47
▲ +30.6% YoY▼ -11.3% QoQ
Operating Cash Flow
$1.7B
▼ -11.1% YoY▼ -24.2% QoQ
Source: XBRL data from Freeport-McMoRan Q3 2025 10-Q filing on SEC EDGAR. All figures in USD.
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