| Stage | FCX | % of rev | NEM | % of rev | Gap · A − B |
|---|---|---|---|---|---|
| Revenue | $7.5B | 100.00% | $6.4B | 100.00% | FCX ×1.19 |
| Gross profit | $2.5B | 33.75% | $4.2B | 66.32% | NEM +32.6pp |
| Operating income | $2.4B | 31.18% | $3.2B | 49.71% | NEM +18.5pp |
| Pre-tax income | $2.3B | 30.37% | $3.2B | 50.45% | NEM +20.1pp |
| Net income | $1.7B | 22.37% | $2.5B | 39.51% | NEM +17.1pp |
| Stage | FCX | NEM | Gap · A − B |
|---|---|---|---|
| Revenue | $7.5B100.00% | $6.4B100.00% | FCX ×1.19 |
| Gross profit | 33.75%$2.5B | 66.32%$4.2B | NEM +32.6pp |
| Operating income | 31.18%$2.4B | 49.71%$3.2B | NEM +18.5pp |
| Pre-tax income | 30.37%$2.3B | 50.45%$3.2B | NEM +20.1pp |
| Net income |
| 22.37%$1.7B |
| 39.51%$2.5B |
| NEM +17.1pp |