Freeport-McMoRan

Latest annual report (10-K) filed Feb 13, 2026. Latest quarterly report (10-Q) filed Aug 6, 2026. 20 recent 8-K material-event filings in the index.

• Latest annual report (10-K) filed Feb 13, 2026.
• Latest quarterly report (10-Q) filed Aug 6, 2026.
• 20 recent 8-K material-event filings in the index.
• Recent insider Form 4s: 0 buy vs 0 sell transactions.
• ~10,000+ recent 13F-HR filings reference Freeport-McMoRan; broad institutional reporting.
• Recent filers include CITADEL L P, Jump Trading, LLC, Titan Capital Group III, LP.
• 3 recent 13D activist/beneficial-ownership filings — potential catalyst.
• 17 recent 13G passive institutional ownership notices.

6 risk signal(s), 1 positive signal(s), 2 watch item(s) detected from XBRL filing diff analysis. Revenue grew +1.8% but receivables grew +69.0% — the receivables-to-revenue gap suggests growth may be partially driven by extended credit terms rather than genuine demand. If DSO continues to rise, a revenue reversal or bad-debt charge could follow.

• Receivables outpacing revenue: Accounts receivable grew +69.0% YoY vs revenue growth of +1.8%. The +67.2% spread suggests extended credit terms, channel stuffing risk, or collection deterioration. Investigate the allowance for doubtful accounts and DSO trend.
• Earnings-cash flow divergence: Net income grew +557.7% while operating cash flow declined -21.6%. This divergence may indicate accrual-based earnings inflation — non-cash gains, aggressive revenue recognition, or working capital absorption. The accrual ratio (NI − OCF) is deteriorating.
• Free cash flow deteriorating: FCF declined +52.6% YoY (from $2.35B to $1.12B). With OCF at $5.61B and capex at $4.49B, cash generation capacity is weakening — monitor for dividend/buyback sustainability.
• NEW: Going concern doubt in latest filing: The term "going concern" "substantial doubt" appears in recent 10-K/10-Q filings but was NOT present in the prior 24-month period. This is a new risk disclosure that warrants attention. Found in 1 filing(s).
• NEW: Substantial doubt about ability to continue in latest filing: The term "substantial doubt" "ability to continue" appears in recent 10-K/10-Q filings but was NOT present in the prior 24-month period. This is a new risk disclosure that warrants attention. Found in 1 filing(s).
• Restatement of financial statements: The term "restatement of" "previously issued" appears in 1 recent filing(s) (vs 1 in the prior period). This risk language is ongoing.
• Endogenous analysis: Revenue grew +1.8% but receivables grew +69.0% — the receivables-to-revenue gap suggests growth may be partially driven by extended credit terms rather than genuine demand. If DSO continues to rise, a revenue reversal or bad-debt charge could follow.
• Endogenous analysis: Free cash flow declined despite stable or rising capex, indicating the cash burn is operational rather than investment-driven. This is a structural concern — cost reduction or asset sales may be needed to restore FCF.
• Endogenous analysis: The combination of explicit "going concern" language in the filing with deteriorating cash flow or rising leverage is a severe warning signal — the company's own auditors have flagged doubt about the ability to continue as a going concern.
• 6 new XBRL disclosure(s) in latest filing — expanding reporting scope.
• 20 disclosure(s) dropped from prior year — reduced reporting granularity.
• 4 new risk-language term(s) detected in filing text: Going concern doubt, Substantial doubt about ability to continue, Impairment charge, Off-balance sheet arrangements.
• Ongoing high-severity risk language: Restatement of financial statements.