Freeport-McMoran Copper & Gold (FCX) revenue breakdown
By segment, Grasberg Segment is the largest at 33% of fiscal 2025 revenue; Rod & Refining grew fastest, 8% a year over 4 years.
By product, Cathode is the largest at 32% of fiscal 2025 revenue; Molybdenum grew fastest, 23% a year over 4 years.
Revenue by segment
Fiscal years, as Freeport-McMoran Copper & Gold reports them in its 10-K filings; fiscal 2025 total $26.0B.
| Segments | 2016 | 2017 | 2018 | 2019 | 2023 | 2024 | 2025 | Share |
|---|---|---|---|---|---|---|---|---|
| Grasberg Segment | — | — | — | — | $8.4B | $10.3B | $8.6B | 33% |
| Rod & Refining | — | — | $5.1B | $4.5B | $5.9B | $6.2B | $6.9B | 26% |
| Cerro Verde | — | — | — | — | $4.1B | $4.3B | $4.7B | 18% |
| Atlantic Copper Smelting & Refining | — | — | — | — | $2.8B | $3.0B | $3.2B | 12% |
| Morenci | — | — | — | — | $2.4B | $2.3B | $2.6B | 10% |
| Atlantic Copper Smelting & Refining | $1.8B | — | — | — | — | — | — | — |
Revenue by product
Fiscal years, as Freeport-McMoran Copper & Gold reports them in its 10-K filings; fiscal 2025 total $25.2B.
| Products | 2020 | 2022 | 2023 | 2024 | 2025 | Share |
|---|---|---|---|---|---|---|
| Cathode | $4.2B | $5.1B | $6.6B | $8.3B | $8.1B | 32% |
| Concentrate | $4.3B | $9.7B | $7.1B | $6.7B | $6.3B | 25% |
| Rod and other refined copper products | $2.1B | $3.7B | $3.7B | $3.9B | $4.4B | 18% |
| Gold | $1.7B | $3.4B | $3.5B | $4.4B | $3.9B | 15% |
| Molybdenum | $848M | $1.4B | $2.0B | $1.8B | $2.0B | 8% |
| Purchased Copper | — | — | — | — | $449M | 2% |
| Purchased Copper | $821M | — | — | — | — | — |
Revenue by region
Fiscal years, as Freeport-McMoran Copper & Gold reports them in its 10-K filings; fiscal 2025 total $25.9B.
| Regions | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Share |
|---|---|---|---|---|---|---|---|---|---|---|---|
| United States | $5.9B | $5.3B | $5.8B | $5.1B | $5.2B | $7.2B | $7.3B | $7.3B | $7.8B | $9.0B | 35% |
| Switzerland | $1.1B | $1.2B | $2.9B | $2.2B | $2.0B | $3.7B | $2.7B | $4.0B | $4.3B | $5.3B | 21% |
| Japan | $1.4B | $1.9B | $1.9B | $1.2B | $1.2B | $2.4B | $2.5B | $3.4B | $5.9B | $2.9B | 11% |
| Indonesia | $1.4B | $2.0B | $2.2B | $1.9B | $1.8B | $3.1B | $3.0B | $767M | $1.1B | $2.2B | 8% |
| Singapore | — | — | — | — | $191M | $156M | $1.5B | $1.2B | $1.1B | $1.2B | 5% |
| United Kingdom | $204M | $226M | $296M | $233M | $491M | $659M | $355M | $171M | $115M | $1.1B | 4% |
| Other | $943M | $1.2B | $1.3B | $1.4B | $1.1B | $1.3B | $1.0B | $1.1B | $1.1B | $1.0B | 4% |
| Spain | $878M | $1.1B | $1.1B | $884M | $785M | $1.5B | $1.2B | $1.3B | $1.1B | $723M | 3% |
| China | $1.1B | $1.1B | $873M | $531M | $692M | $1.0B | $929M | $1.1B | $743M | $636M | 2% |
| Chile | $250M | $248M | $294M | $242M | $221M | $343M | $383M | $428M | $451M | $471M | 2% |
| Germany | $162M | $161M | $256M | $311M | $248M | $469M | $632M | $714M | $500M | $332M | 1% |
| France | — | — | — | — | — | — | $177M | $226M | $306M | $315M | 1% |
| Egypt | — | — | — | — | — | $268M | $149M | $229M | $239M | $261M | 1% |
| South Korea | $219M | $364M | $269M | $140M | $89M | $270M | $302M | $267M | $203M | $193M | 1% |
| India | $553M | $782M | $389M | $107M | $152M | $207M | $330M | $354M | $273M | $163M | 1% |
| Philippines | $261M | $378M | $221M | $73M | $34M | $264M | $249M | $396M | $283M | $3M | 0% |
| BELGIUM | $87M | $39M | $278M | — | — | — | — | — | — | — | — |
| BERMUDA | $273M | $226M | $207M | — | — | — | — | — | — | — | — |
| EGYPT | $80M | $122M | $255M | $123M | — | — | — | — | — | — | — |
Questions
Where does Freeport-McMoran Copper & Gold make its money?
In fiscal 2025, by segment: Grasberg Segment $8.6B, Rod & Refining $6.9B, Cerro Verde $4.7B, Atlantic Copper Smelting & Refining $3.2B, Morenci $2.6B.
From Freeport-McMoran Copper & Gold's annual reports filed with the SEC (XBRL data), standardised by Investingly. Information only, not investment advice.