Freeport-McMoRan (FCX) Margins & Profitability 2020-2026

Gross, EBITDA, operating, and net margin trends

Margins

Profit margins across the income statement

Gross Margin: 26.5%
EBITDA Margin: 42.5%
Op. Margin: 34.3%
Net Margin: 22.2%

Op. margin of 34.3% is up 11.5% YoY — cost efficiency is improving. Net margin at 22.2% and gross margin of 26.5% — earnings take a bigger bite when COGS stays lean..

Gross Margin (%)

Revenue left after direct cost of goods sold

EBITDA Margin (%)

Operating profitability independent of capital structure

Operating & Net Margins (%)

How much of each dollar becomes profit