Freeport-McMoRan Inc. (FCX) Revenue by Segment

Freeport-McMoRan revenue by segment at a glance

In Q2 fiscal 2026 (the quarter ended June 30, 2026), Freeport-McMoRan's largest business segment was Rod and Refining, with $2.24 billion or 32% of revenue, up 31.6% from a year earlier. Next: Cerro Verde (21%), Grasberg (21%) and Atlantic Copper Smelting and Refining (15%).

By product or service, Copper Cathode brought in 38%, Refined Copper Products brought in 22% and Copper In Concentrates brought in 14% of revenue in Q2 fiscal 2026.

The fastest-growing business segment from a year earlier was Cerro Verde (+44.5%).

From company filings, in USD; latest quarter ended June 30, 2026; quarterly data from Q3 fiscal 2017.

Freeport-McMoRan Inc.

FCXNon-Energy Raw Materials

United States

Non-Energy Raw Materials

Revenue breakdown

Fiscal quarters, from company filings

Segments by quarter (USD)

Click a bar to see that period below. Striped bars are calculated fourth quarters; an empty slot means it could not be calculated on the same basis i

GrasbergRod and RefiningCerro VerdeAtlantic Copper Smelting and RefiningCorporate and EliminationsOther Individually Immaterial OperatingMorenciMolybdenum - Intersegment eliminationsOther

Q2 FY26 breakdown

Fiscal quarter ended Jun 30, 2026

Item	Revenue	Share	vs year before
Rod and Refining	USD 2.24B	32.0%	+31.6%
Cerro Verde	USD 1.49B	21.3%	+44.5%
Grasberg	USD 1.48B	21.2%	-56.6%
Atlantic Copper Smelting and Refining	USD 1.03B	14.7%	+25.9%
Morenci	USD 756.00M	10.8%	+21.5%

Sum of items USD 7.00B. Shares are of the items shown. Click an item with › to see its parts.

Also reported by:

All periods

Every item and period in one grid. Purple = calculated; "–" = not available.

Item	Q2 FY26	Q1 FY26	Q4 FY25	Q3 FY25	Q2 FY25	Q4 FY24	Q3 FY24	Q2 FY24	Q1 FY24	Q4 FY23	Q3 FY23	Q2 FY23	Q1 FY23	Q4 FY22	Q3 FY22	Q2 FY22	Q1 FY22	Q4 FY21	Q3 FY21	Q2 FY21	Q1 FY21	Q4 FY20	Q3 FY20	Q2 FY20	Q1 FY20	Q4 FY19	Q3 FY19	Q2 FY19	Q1 FY19	Q4 FY18
Grasberg	1.5B	1.1B	–	2.7B	3.4B	2.1B	2.9B	2.2B	2.6B	2.5B	2.0B	2.0B	1.2B	2.1B	1.7B	1.9B	2.3B	2.1B	2.0B	1.8B	1.4B	1.4B	1.0B	683.0M	445.0M	937.0M	488.0M	583.0M	705.0M	583.0M
Rod and Refining	2.2B	2.1B	–	1.8B	1.7B	1.5B	1.6B	1.7B	1.5B	1.3B	1.6B	1.5B	1.5B	1.3B	1.4B	1.8B	1.7B	1.7B	1.7B	1.7B	1.3B	1.3B	1.3B	1.1B	1.1B	1.1B	1.1B	1.2B	1.1B	1.1B
Cerro Verde	1.5B	1.4B	–	979.0M	1.0B	831.0M	886.0M	1.1B	826.0M	767.0M	822.0M	783.0M	958.0M	970.0M	666.0M	702.0M	1.1B	1.0B	979.0M	825.0M	917.0M	803.0M	632.0M	471.0M	376.0M	783.0M	504.0M	562.0M	727.0M	678.0M
Atlantic Copper Smelting and Refining	1.0B	969.0M	–	768.0M	818.0M	679.0M	759.0M	898.0M	673.0M	606.0M	692.0M	744.0M	749.0M	684.0M	604.0M	433.0M	718.0M	697.0M	783.0M	794.0M	687.0M	591.0M	536.0M	464.0M	429.0M	509.0M	437.0M	546.0M	571.0M	541.0M
Corporate and Eliminations	–	–	–	514.0M	–	427.0M	440.0M	496.0M	400.0M	418.0M	472.0M	478.0M	597.0M	342.0M	264.0M	381.0M	405.0M	401.0M	434.0M	387.0M	347.0M	–	266.0M	188.0M	326.0M	377.0M	423.0M	471.0M	456.0M	556.0M
Other Individually Immaterial Operating	–	–	–	216.0M	–	233.0M	249.0M	264.0M	248.0M	–	225.0M	204.0M	331.0M	307.0M	289.0M	210.0M	215.0M	–	213.0M	243.0M	203.0M	132.0M	120.0M	122.0M	105.0M	–	136.0M	197.0M	193.0M	175.0M
Morenci	756.0M	776.0M	–	46.0M	622.0M	11.0M	40.0M	13.0M	37.0M	–	17.0M	26.0M	32.0M	50.0M	18.0M	17.0M	90.0M	5.0M	16.0M	57.0M	4.0M	3.0M	4.0M	20.0M	2.0M	54.0M	61.0M	16.0M	12.0M	32.0M
Molybdenum - Intersegment eliminations	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	134.0M	–	–	–	51.0M	–	–	–	–	–	–	–	–
Rod and Refining - Intersegment eliminations	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	9.0M	–	–	–	–	–	–	–	–

Freeport-McMoRan revenue by business segment, last 4 quarters

Business segment	Q2 FY26	Q1 FY26	Q2 FY25	Q1 FY23	Share
Rod and Refining	$2.2B	$2.1B	$1.7B	$1.5B	32%
Cerro Verde	$1.5B	$1.4B	$1.0B	$958.0M	21%
Grasberg	$1.5B	$1.1B	$3.4B	$1.2B	21%
Atlantic Copper Smelting and Refining	$1.0B	$969.0M	$818.0M	$749.0M	15%
Morenci	$756.0M	$776.0M	$622.0M	$32.0M	11%

In USD, fiscal quarters as reported; share = part of Q2 FY26 revenue.

Freeport-McMoRan revenue by product or service, last 4 quarters

Product or service	Q2 FY26	Q1 FY26	Q3 FY25	Q2 FY25	Share
Copper Cathode	$2.6B	$2.1B	$1.8B	$2.2B	38%
Refined Copper Products	$1.5B	$1.5B	$1.3B	$969.0M	22%
Copper In Concentrates	$976.0M	$1.1B	$2.0B	$2.0B	14%
Molybdenum	$728.0M	$613.0M	$504.0M	$479.0M	10%
Gold	$640.0M	$692.0M	$1.2B	$1.8B	9%
Silver and Other	$297.0M	$278.0M	$223.0M	–	4%
Purchased Copper	$164.0M	$89.0M	$18.0M	$173.0M	2%

In USD, fiscal quarters as reported; share = part of Q2 FY26 revenue.

Questions and answers

What are Freeport-McMoRan's business segments?

Rod and Refining, Cerro Verde, Grasberg, Atlantic Copper Smelting and Refining and Morenci (as reported for Q2 fiscal 2026).

Which business segment makes the most money for Freeport-McMoRan?

Rod and Refining: $2.24 billion, or 32% of revenue, in Q2 fiscal 2026.

What are Freeport-McMoRan's main products and services?

By revenue in Q2 fiscal 2026: Copper Cathode (38%), Refined Copper Products (22%), Copper In Concentrates (14%) and Molybdenum (10%).

MoreFreeport-McMoRan stock overview Freeport-McMoRan financials Freeport-McMoRan executive team Freeport-McMoRan shareholders

Disclaimer: This analysis is for informational and educational purposes only and does not constitute financial, investment, tax, or legal advice. Data may be incomplete, delayed, or contain inaccuracies. Consult with a qualified financial advisor before making any investment decisions.