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What is FCX's Operating Income?

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

Operating Income is 
$3.6B (1Y +127% )

FCX Stock Price & Operating Income

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

Historical (All-Time) Stats for Operating Income

chevron_right 2021 $1.2B +6.2x
( +7.3% / year avg)
chevron_left 1994 $169.2M
vertical_align_top Peak $11.0B +1.95x *
vertical_align_bottom Bottom -$11.6B
arrow_drop_up # Up Years 16 16 of 28
years up.
arrow_drop_down # Down Years 12
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 +0.02x the rate relative to it's operating income over the same period.
  • If FCX grows it's stock at the same rate as it's operating income (+7.3%/year) , it's stock price will grow +202% and hit $33.1 over the next 10 years.
  • FCX's stock price has gone up 13 of the 16 years (+81%) it's operating income were also up.
* A modified method (see: here) is used to calculate changes that involve negative numbers.
  • FCX Historical Operating Income Table
    in $ million
    * A modified method (see: here) is used to calculate changes that involve negative numbers.
    Year Operating Income YoY % Change* Stock Price YoY % Change (Stock Price)
    4/1/2021 $1,223 10.0% $16.36 80.4%
    4/1/2020 $1,112 -5.8% $9.07 -5.3%
    4/1/2019 $1,181 -79.5% $9.58 -41.7%
    4/1/2018 $5,764 97.7% $16.42 47.5%
    4/1/2017 $2,916 -133.7% $11.14 3.7%
    4/1/2016 $-8,664 -25.1% $10.74 -42.8%
    4/1/2015 $-11,574 -331.5% $18.79 -40.3%
    4/1/2014 $5,000 0.4% $31.45 19.2%
    4/1/2013 $4,982 -14.2% $26.38 0.4%
    4/1/2012 $5,807 -47.4% $26.28 -36.3%
    4/1/2011 $11,038 33.5% $41.24 52.7%
    4/1/2010 $8,267 179.9% $27.0 29.2%
    4/1/2009 $2,954 -56.2% $20.91 -52.1%
    4/1/2008 $6,742 3.9% $43.68 49.2%
    4/1/2007 $6,488 118.7% $29.28 49.9%
    4/1/2006 $2,966 74.4% $19.54 67.2%
    4/1/2005 $1,700 395.4% $11.69 9.7%
    4/1/2004 $343 -53.9% $10.65 55.7%
    4/1/2003 $744 16.4% $6.84 11.7%
    4/1/2002 $640 17.3% $6.12 26.0%
    4/1/2001 $545 9.5% $4.86 70.6%
    4/1/2000 $498 -34.2% $2.85 -40.0%
    4/1/1999 $757 89.4% $4.75 -18.2%
    4/1/1998 $399 -39.8% $5.81 -33.8%
    4/1/1997 $664 -17.8% $8.77 -9.7%
    4/1/1996 $807 61.2% $9.71 25.6%
    4/1/1995 $501 196.2% $7.73 0.0%
    4/1/1994 $169 - $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.

  • Operating Income = Gross Profit - SG&A

    A company's earnings from its normal operations before any non-operating income and/or costs such as interest expense, taxes, and special items. Income at the operating level, which is viewed as more reliable, is often used by financial analysts rather than net income as a measure of profitability.

    For more detailed definitions, please see Investopedia.