Freeport-McMoran Copper & Gold Inc
Statements
Segments
US companies must disclose in their mandatory reports how revenue breaks down across business segments, regions and product lines. We read that breakdown for you straight from the annual and quarterly reports (10-K and 10-Q) of Freeport-McMoran Copper & Gold Inc (FCX). It shows which part of the business is growing — and which one is holding it back.
Revenue by business segment
| Segment | Q1 2025 | Q2 2025 | Q1 2026 | Q2 2026 |
|---|---|---|---|---|
| Rod and Refining Segment | $1.63B 29.0% | $1.70B 22.4% | $2.06B 32.9% | $2.24B 32.0% |
| Cerro Verde | $1.09B 19.4% | $1.03B 13.6% | $1.38B 22.1% | $1.49B 21.3% |
| Grasberg Segment | $1.57B 27.9% | $3.42B 45.0% | $1.07B 17.1% | $1.48B 21.2% |
| Atlantic Copper Smelting and Refining Segment | $755.0M 13.4% | $818.0M 10.8% | $969.0M 15.5% | $1.03B 14.7% |
| Morenci | $577.0M 10.3% | $622.0M 8.2% | $776.0M 12.4% | $756.0M 10.8% |
Large figure: segment revenue. Below it the share of revenue in that period and the change against the prior year.
| Segment | Q1 2025 | Q2 2025 | Q1 2026 | Q2 2026 |
|---|---|---|---|---|
| Rod and Refining Segment | $9.0M 0.6% | $7.0M 0.4% | $15.0M 0.7% | $22.0M 1.0% |
| Cerro Verde | $409.0M 37.5% | $340.0M 33.0% | $638.0M 46.2% | $736.0M 49.5% |
| Grasberg Segment | $777.0M 49.5% | $1.87B 54.7% | $842.0M 78.5% | $499.0M 33.6% |
| Atlantic Copper Smelting and Refining Segment | $5.0M 0.7% | $13.0M 1.6% | $22.0M 2.3% | $26.0M 2.5% |
| Morenci | $109.0M 18.9% | $132.0M 21.2% | $262.0M 33.8% | $265.0M 35.1% |
Large figure: segment operating income. Below it the margin, that is operating income measured against the revenue of the same segment.
Revenue by product line
| Segment | Q1 2026 | Q2 2026 |
|---|---|---|
| Copper Cathode | $2.05B 32.5% | $2.65B 37.9% |
| Refined Copper Products | $1.50B 23.8% | $1.53B 21.9% |
| Copper In Concentrates | $1.08B 17.2% | $976.0M 14.0% |
| Molybdenum | $613.0M 9.7% | $728.0M 10.4% |
| Gold | $692.0M 11.0% | $640.0M 9.2% |
| Silver And Other | $278.0M 4.4% | $297.0M 4.3% |
| Purchased Copper | $89.0M 1.4% | $164.0M 2.3% |
Large figure: segment revenue. Below it the share of revenue in that period and the change against the prior year.
Segment and region names are the ones the company itself uses and are shown as reported. Change and share refer to revenue.
Data as of: August 7, 2026 · Source: fundamental data & SEC filings (annual and quarterly reports, 10-K/10-Q) · Segment figures: SEC EDGAR (10-K/10-Q reports)
Note: pure fact-based analysis, not investment advice and not a solicitation to buy or sell. All figures without guarantee.