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What is FCX's Pretax Income (Earnings)?

  Freeport-McMoRan Inc ( FCX ) |
1994 - 2021 (28 years)

Pretax Income (Earnings) is 
$3.8B (1Y +292% )

FCX Stock Price & Pretax Income (Earnings)

Pretax Income (Earnings) for FCX competitors.
TECK BBL RIO APC NEM BHP SCCO VALE
Note: Stonk = Stock. Both words are used interchangeably. 🙂

Historical (All-Time) Stats for Pretax Income (Earnings)

chevron_right 2021 $1.5B +8.6x
( +8.4% / year avg)
chevron_left 1994 $152.7M
vertical_align_top Peak $10.6B +1.72x *
vertical_align_bottom Bottom -$14.7B
arrow_drop_up # Up Years 14 14 of 28
years up.
arrow_drop_down # Down Years 14
Up Years = Positive (0%+) YoY change
Down Years = Zero or Negative (0% or less) YoY change

Key Points (Stonk Price Comparison)

  • FCX's stock price has rallied +111% from $7.73 in 1994 , or +0.01x the rate relative to it's pretax income (earnings) over the same period.
  • If FCX grows it's stock at the same rate as it's pretax income (earnings) (+8.4%/year) , it's stock price will grow +224% and hit $36.65 over the next 10 years.
  • FCX's stock price has gone up 11 of the 14 years (+78%) it's pretax income (earnings) were also up.
* A modified method (see: here) is used to calculate changes that involve negative numbers.
  • FCX Historical Pretax Income (Earnings) Table
    in $ million
    * A modified method (see: here) is used to calculate changes that involve negative numbers.
    Year Pretax Income (Earnings) YoY % Change* Stock Price YoY % Change (Stock Price)
    4/1/2021 $1,469 111.7% $16.36 80.4%
    4/1/2020 $694 -633.8% $9.07 -5.3%
    4/1/2019 $-130 -102.4% $9.58 -41.7%
    4/1/2018 $5,398 160.9% $16.42 47.5%
    4/1/2017 $2,069 -117.4% $11.14 3.7%
    4/1/2016 $-11,869 -10.0% $10.74 -42.8%
    4/1/2015 $-13,184 -393.6% $18.79 -40.3%
    4/1/2014 $4,491 -5.8% $31.45 19.2%
    4/1/2013 $4,770 -11.9% $26.38 0.4%
    4/1/2012 $5,416 -48.7% $26.28 -36.3%
    4/1/2011 $10,551 39.1% $41.24 52.7%
    4/1/2010 $7,584 -151.6% $27.0 29.2%
    4/1/2009 $-14,693 -335.8% $20.91 -52.1%
    4/1/2008 $6,231 4.3% $43.68 49.2%
    4/1/2007 $5,971 107.8% $29.28 49.9%
    4/1/2006 $2,873 81.0% $19.54 67.2%
    4/1/2005 $1,588 374.1% $11.69 9.7%
    4/1/2004 $334 -36.8% $10.65 55.7%
    4/1/2003 $530 32.0% $6.84 11.7%
    4/1/2002 $401 12.0% $6.12 26.0%
    4/1/2001 $358 51.7% $4.86 70.6%
    4/1/2000 $236 -46.1% $2.85 -40.0%
    4/1/1999 $438 101.9% $4.75 -18.2%
    4/1/1998 $217 -54.4% $5.81 -33.8%
    4/1/1997 $476 -21.9% $8.77 -9.7%
    4/1/1996 $610 35.1% $9.71 25.6%
    4/1/1995 $451 195.7% $7.73 0.0%
    4/1/1994 $152 - $7.73 -

  • About
    Industry: Copper
    Sector: Basic Materials
    Country: US
    IPO Date: 5/5/1988
    Stonk Exchange: NYSE
    • Freeport-McMoRan, Inc
    • engages in the mining of copper, gold, and molybdenum.
    • The company is headquartered in Phoenix, Arizona and currently employs 26,800 full-time employees.
    • The firm operates through geographical assets with proven and probable reserves of copper, gold and molybdenum, and traded copper producer.
    • The firm's segments include refined copper products, copper in concentrate, gold, molybdenum, oil and other.
    • The firm's segments include the Morenci, Cerro Verde, Grasberg copper mines, the Rod & Refining operations and the United States (U.
    • S
    • ) Oil and Gas Operations
    • The firm has organized its operations into five divisions, which include North America copper mines, South America mining, Indonesia mining and Molybdenum mines.
    • The firm's portfolio of assets includes the Grasberg minerals district in Indonesia, copper and gold deposits, and mining operations in the Americas, including the large-scale Morenci minerals district in North America and the Cerro Verde operation in South America.

  • Pretax income is a company's income after all operating expenses, including interest and depreciation, have been deducted from total sales or revenues, but before income taxes have been subtracted. Because pretax earnings exclude taxes, this measure enables the intrinsic profitability of companies to be compared across industries or geographic regions where corporate taxes differ. For instance, while U.S.-based corporations face the same tax rates at the federal level, they face different tax rates at the state level.

    For more detailed definitions, please see Investopedia.