FCX Q2 2023 Earnings — Freeport-McMoRan Inc. Revenue & Financial Results | Market Cap Arena

FCXFreeport-McMoRan Inc.

$90B

Q2 2023 Earnings

Basic Materials Copper

Income Statement

Revenue

$5.9B-4.0% YoY

Gross Profit

$1.8B30.2% margin

Operating Income

$1.6B27.0% margin

Net Income

$338M5.7% margin

EPS (Diluted)

$0.23

QoQ Revenue Growth

+16.1%

Cash Flow

Operating Cash Flow

$1.7B

Free Cash Flow

$510M

Stock-Based Comp.

$19M

Balance Sheet

Total Assets

$50.9B

Total Liabilities

$24.9B

Stockholders' Equity

$16.2B

Cash & Equivalents

$6.7B

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$5.9B	$6.2B	-4.0%
Gross Profit	$1.8B	$2.6B	-31.2%
Operating Income	$1.6B	$2.5B	-35.2%
Net Income	$338M	$836M	-59.6%

Revenue Segments

Grasberg Segment

$2.0B48%

Rod and Refining Segment

$1.5B35%

Morenci

$570M14%

Molybdenum

$150M4%