FCX Q1 2024 Earnings — Freeport-McMoRan Inc. Revenue & Financial Results | Market Cap Arena

FCXFreeport-McMoRan Inc.

$90B

Q1 2024 Earnings

Basic Materials Copper

Income Statement

Revenue

$6.2B+21.6% YoY

Gross Profit

$1.7B28.1% margin

Operating Income

$1.5B24.7% margin

Net Income

$468M7.5% margin

EPS (Diluted)

$0.32

QoQ Revenue Growth

+7.1%

Cash Flow

Operating Cash Flow

$1.9B

Free Cash Flow

$642M

Stock-Based Comp.

$53M

Balance Sheet

Total Assets

$54.2B

Total Liabilities

$26.1B

Stockholders' Equity

$17.0B

Cash & Equivalents

$6.1B

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$6.2B	$5.1B	+21.6%
Gross Profit	$1.7B	$1.5B	+15.0%
Operating Income	$1.5B	$1.3B	+15.9%
Net Income	$468M	$658M	-28.9%

Revenue Segments

Grasberg Segment

$2.6B55%

Rod and Refining Segment

$1.5B31%

Morenci

$540M11%

Molybdenum

$145M3%