Freeport-McMoRan Inc. (FCX) Releases Q4 2025 Earnings: Revenue Beats, EPS Slightly Misses

Freeport-McMoRan Inc. (FCX) reported fourth-quarter 2025 results with revenue of $5.6 billion, net income attributable to common shareholders of $406 million, and diluted earnings per share of $0.28. Revenue came in above the consensus estimate of $5.4 billion, while EPS was slightly below the estimate of $0.29.

Total revenue: $5.6 billion, down 1.5% year over year.

Gross profit: $1.0 billion, down 28.6% year over year.

Operating profit: $811 million, down 34.8% year over year.

Cost of sales: $4.6 billion, up 7.5% year over year.

Net income attributable to common shareholders: $406 million, up 48.2% year over year.

Cash from operating activities: $693 million, down 51.7% year over year.

Capital expenditures (purchases of property, plant and equipment): $1.0 billion, down 18.9% year over year.

Cash and cash equivalents: $3.8 billion, down 2.5% year over year.

Total liabilities: $27.4 billion, up 5.1% year over year.

Diluted EPS rose about 47.4% year over year to $0.28, reflecting the jump in net income despite declines in gross and operating profit. The company beat revenue expectations but missed the EPS estimate by a small margin.

Note: This financials data is sourced from a third-party provider and has not been independently verified by Quiver.

Freeport-McMoRan Inc. Insider Trading Activity

Freeport-McMoRan Inc. insiders have traded $FCX stock on the open market 2 times in the past 6 months. Of those trades, 0 have been purchases and 2 have been sales.

Here’s a breakdown of recent trading of $FCX stock by insiders over the last 6 months:

STEPHEN T. HIGGINS (EVP & CAO) sold 28,423 shares for an estimated $1,363,900
ELLIE L. MIKES (Chief Accounting Officer) sold 9,572 shares for an estimated $456,202

To track insider transactions, check out Quiver Quantitative's insider trading dashboard.

Freeport-McMoRan Inc. Hedge Fund Activity

We have seen 819 institutional investors add shares of Freeport-McMoRan Inc. stock to their portfolio, and 655 decrease their positions in their most recent quarter.

Here are some of the largest recent moves:

CAPITAL WORLD INVESTORS removed 24,118,994 shares (-98.8%) from their portfolio in Q3 2025, for an estimated $945,946,944
WELLINGTON MANAGEMENT GROUP LLP added 23,950,557 shares (+190.9%) to their portfolio in Q3 2025, for an estimated $939,340,845
PRICE T ROWE ASSOCIATES INC /MD/ removed 20,136,132 shares (-53.7%) from their portfolio in Q3 2025, for an estimated $789,739,097
CAPITAL RESEARCH GLOBAL INVESTORS removed 19,097,791 shares (-31.2%) from their portfolio in Q3 2025, for an estimated $749,015,363
MILLENNIUM MANAGEMENT LLC added 11,755,529 shares (+1900.9%) to their portfolio in Q3 2025, for an estimated $461,051,847
FRANKLIN RESOURCES INC removed 6,529,241 shares (-18.7%) from their portfolio in Q3 2025, for an estimated $256,076,832
VICTORY CAPITAL MANAGEMENT INC removed 6,038,858 shares (-31.0%) from their portfolio in Q3 2025, for an estimated $236,844,010

To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard.

Freeport-McMoRan Inc. Congressional Stock Trading

Members of Congress have traded $FCX stock 4 times in the past 6 months. Of those trades, 3 have been purchases and 1 have been sales.

Here’s a breakdown of recent trading of $FCX stock by members of Congress over the last 6 months:

REPRESENTATIVE GILBERT RAY CISNEROS, JR. has traded it 2 times. They made 2 purchases worth up to $30,000 on 11/18, 10/17 and 0 sales.
REPRESENTATIVE LISA C. MCCLAIN has traded it 2 times. They made 1 purchase worth up to $15,000 on 08/13 and 1 sale worth up to $15,000 on 09/25.

To track congressional stock trading, check out Quiver Quantitative's congressional trading dashboard.

Freeport-McMoRan Inc. Analyst Ratings

Wall Street analysts have issued reports on $FCX in the last several months. We have seen 9 firms issue buy ratings on the stock, and 0 firms issue sell ratings.

Here are some recent analyst ratings:

Citigroup issued a "Buy" rating on 01/12/2026
Morgan Stanley issued a "Overweight" rating on 11/19/2025
BMO Capital issued a "Outperform" rating on 11/19/2025
Scotiabank issued a "Sector Outperform" rating on 11/19/2025
Wells Fargo issued a "Overweight" rating on 10/08/2025
UBS issued a "Buy" rating on 10/03/2025
B of A Securities issued a "Buy" rating on 09/30/2025

To track analyst ratings and price targets for Freeport-McMoRan Inc., check out Quiver Quantitative's $FCX forecast page.

Freeport-McMoRan Inc. Price Targets

Multiple analysts have issued price targets for $FCX recently. We have seen 11 analysts offer price targets for $FCX in the last 6 months, with a median target of $48.0.

Here are some recent targets:

Timna Tanners from Wells Fargo set a target price of $64.0 on 01/13/2026
Alexander Hacking from Citigroup set a target price of $67.0 on 01/12/2026
Bill Peterson from JP Morgan set a target price of $68.0 on 01/08/2026
Daniel Major from UBS set a target price of $60.0 on 12/12/2025
Orest Wowkodaw from Scotiabank set a target price of $47.0 on 11/19/2025
Katja Jancic from BMO Capital set a target price of $47.0 on 11/19/2025
Carlos De Alba from Morgan Stanley set a target price of $44.0 on 11/19/2025