Flagship explainer

How Freeport-McMoRan Inc. makes its money

Start with a dollar of revenue and follow what the filing says remains.

revenueBranching filed flows with values and percentages directly labeled. Missing filing concepts are omitted rather than estimated.Revenue$25.2B · 100%Cost of revenue$18.6B · 74%Gross profit$6.6B · 26%Operating income$6.5B · 26%Income before tax$6.4B · 25%Income tax$2.2B · 9%Net income$4.2B · 16%As of 2025-12-31 · 1 SEC filing sourceBuy Like Buffett · buylikebuffett.com

Honest partial: the filing did not provide a normalized tag for Research and development, Selling, general and administrative; those components are omitted, not plugged.

Table alternative
Filed lineValue% of revenueSource
$25.2B100%
Cost of revenue$18.6B74%
$6.6B26%
$6.5B26%
Income before tax$6.4B25%
Income tax$2.2B9%
$4.2B16%
Source: · event Dec 31, 2025 · retrieved Jul 26, 2026 · annual-row source set
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