FCX Q1 2023 Earnings — Freeport-McMoRan Inc. Revenue & Financial Results | Market Cap Arena

FCXFreeport-McMoRan Inc.

$90B

Q1 2023 Earnings

Basic Materials Copper

Income Statement

Revenue

$5.1B-19.8% YoY

Gross Profit

$1.5B29.7% margin

Operating Income

$1.3B25.9% margin

Net Income

$658M12.9% margin

EPS (Diluted)

$0.46

QoQ Revenue Growth

-6.2%

Cash Flow

Operating Cash Flow

$1.1B

Free Cash Flow

-$71M

Stock-Based Comp.

$53M

Balance Sheet

Total Assets

$50.9B

Total Liabilities

$25.3B

Stockholders' Equity

$16.1B

Cash & Equivalents

$6.9B

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$5.1B	$6.4B	-19.8%
Gross Profit	$1.5B	$2.7B	-44.8%
Operating Income	$1.3B	$2.6B	-49.4%
Net Income	$658M	$1.5B	-56.8%

Revenue Segments

Rod and Refining Segment

$1.5B43%

Grasberg Segment

$1.2B34%

Morenci

$593M17%

Molybdenum

$223M6%