FCX Q2 2024 Earnings — Freeport-McMoRan Inc. Revenue & Financial Results | Market Cap Arena

FCXFreeport-McMoRan Inc.

$90B

Q2 2024 Earnings

Basic Materials Copper

Income Statement

Revenue

$6.4B+7.4% YoY

Gross Profit

$2.0B30.8% margin

Operating Income

$1.8B28.4% margin

Net Income

$610M9.6% margin

EPS (Diluted)

$0.42

QoQ Revenue Growth

+2.6%

Cash Flow

Operating Cash Flow

$2.0B

Free Cash Flow

$840M

Stock-Based Comp.

$24M

Balance Sheet

Total Assets

$54.6B

Total Liabilities

$25.9B

Stockholders' Equity

$17.4B

Cash & Equivalents

$6.2B

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$6.4B	$5.9B	+7.4%
Gross Profit	$2.0B	$1.8B	+9.5%
Operating Income	$1.8B	$1.6B	+13.0%
Net Income	$610M	$338M	+80.5%

Revenue Segments

Copper Cathode

$2.2B34%

Copper In Concentrates

$1.6B24%

Refined Copper Products

$974M15%

Gold

$935M14%

Molybdenum

$476M7%

Purchased Copper

$300M5%