Financials · ERO

Ero Copper Corp. (ERO) financials

For fiscal 2025 (ended Dec 31, 2025), Ero Copper Corp. reported $785.84M of revenue and $263.72M of net income.

Revenue, FY2025
$785.84M
Revenue growth, YoY
+67.1%
Net income, FY2025
$263.72M
Net margin
33.6%
Free cash flow, FY2025
$132.38M
EPS, diluted, FY2025
$2.53
Cash
$105.44M
Total debt
$607.11M
P/E
12.59
P/S
4.22
Market cap
$3.32B
Annual revenue$785.84M
FY2020FY2025
Annual net income$263.72M
FY2020FY2025
Annual free cash flow$132.38M
FY2020FY2025

ERO revenue and earnings growth

ERO revenueFY2025$785.84M

FY YoY
+67.1%
5Y CAGR
+19.4%

ERO revenue was $785.84M for fiscal 2025 (ended Dec 31, 2025), up 67.1% from fiscal 2024. Compound annual growth was +19.4% over 5 years. It rose in 4 of the last 5 fiscal years. Fiscal 2025 is the highest of the 6 fiscal years on file.

ERO net incomeFY2025$263.72M

5Y CAGR
+38.6%

ERO net income was $263.72M for fiscal 2025 (ended Dec 31, 2025), compared with -$68.47M in fiscal 2024. Compound annual growth was +38.6% over 5 years. Fiscal 2025 is the highest of the 6 fiscal years on file.

ERO EPSFY2025$2.53

5Y CAGR
+35.2%

ERO diluted EPS was $2.53 for fiscal 2025 (ended Dec 31, 2025), compared with -$0.66 in fiscal 2024. Compound annual growth was +35.2% over 5 years.

ERO free cash flowFY2025$132.38M

5Y CAGR
+24.0%

ERO free cash flow was $132.38M for fiscal 2025 (ended Dec 31, 2025), compared with -$183.54M in fiscal 2024. Compound annual growth was +24.0% over 5 years.

Income statement

Income statement
Line item
Dec 31, 2025
Dec 31, 2024
Dec 31, 2023
Dec 31, 2022
Dec 31, 2021
Dec 31, 2020
Revenue$785.84M$470.26M$427.48M$426.39M$489.92M$324.08M
Cost of revenue$441.21M$289.71M$270.63M$239.22M$171.06M$135.94M
Gross profit$344.63M$180.55M$156.84M$187.18M$318.86M$188.14M
Selling, general and admin$49.45M$49.60M$52.43M$49.46M$38.85M$27.93M
Operating income$270.60M$108.92M$95.20M$129.78M$272.16M$151.15M
Interest expense$33.36M$17.09M$25.82M$33.22M$12.16M$15.45M
Pre-tax income$330.96M-$75.44M$112.35M$126.38M$236.92M$61.42M
Income tax$64.05M-$7.65M$18.05M$23.32M$34.29M$8.93M
Net income$263.72M-$68.47M$92.80M$101.83M$201.05M$51.62M
EPS, basic$2.54-$0.66$0.99$1.12$2.27$0.60
EPS, diluted$2.53-$0.66$0.98$1.10$2.21$0.56
Diluted shares104.1M103.1M94.9M92.2M91.0M92.2M

Balance sheet

Balance sheet
Line item
Dec 31, 2025
Dec 31, 2024
Dec 31, 2023
Dec 31, 2022
Dec 31, 2021
Dec 31, 2020
Cash and equivalents$105.44M$50.40M$111.74M$177.70M$130.13M$62.51M
Inventory$107.11M$42.09M$42.25M$30.95M$26.02M$25.50M
Current assets$276.21M$141.79M$199.49M$392.43M$208.69M$127.54M
Total assets$1.92B$1.46B$1.51B$1.19B$689.76M$497.10M
Current liabilities$260.72M$211.71M$173.80M$129.12M$122.66M$91.72M
Short-term debt$55.71M$45.89M$20.38M$15.70M$4.34M$12.54M
Long-term debt$551.40M$556.30M$405.85M$402.35M$54.91M$155.56M
Total debt$607.11M$602.19M$426.23M$418.06M$59.25M$168.10M
Total liabilities$986.02M$866.95M$702.36M$645.91M$294.27M$283.02M
Shareholders' equity$935.53M$587.13M$809.33M$542.16M$395.49M$214.07M

Cash flow

Cash flow
Line item
Dec 31, 2025
Dec 31, 2024
Dec 31, 2023
Dec 31, 2022
Dec 31, 2021
Dec 31, 2020
Operating cash flow$395.14M$145.42M$163.10M$143.39M$364.59M$162.84M
Capital expenditures$262.75M$328.96M$447.17M$282.77M$169.16M$117.61M
Free cash flow$132.38M-$183.54M-$284.07M-$139.39M$195.43M$45.23M
Investing cash flow-$278.59M-$335.38M-$308.17M-$425.81M-$179.53M-$116.56M
Financing cash flow-$59.73M$131.16M$77.75M$327.30M-$115.43M$288.0K
Stock-based compensation$24.58M$9.98M$9.22M$7.93M$7.85M$9.06M
Depreciation and amortization$115.71M$87.41M$83.02M$58.97M$47.29M$39.35M

Key ratios

Key ratios
Line item
Dec 31, 2025
Dec 31, 2024
Dec 31, 2023
Dec 31, 2022
Dec 31, 2021
Dec 31, 2020
Revenue growth, YoY67.1%10.0%0.3%-13.0%51.2%-
Net income growth, YoY---8.9%-49.4%289.5%-
EPS growth, YoY---10.9%-50.2%294.6%-
Gross margin43.9%38.4%36.7%43.9%65.1%58.1%
Operating margin34.4%23.2%22.3%30.4%55.6%46.6%
Net margin33.6%-14.6%21.7%23.9%41.0%15.9%
Free cash flow margin16.8%-39.0%-66.5%-32.7%39.9%14.0%
Return on equity28.2%-11.7%11.5%18.8%50.8%24.1%
Return on assets13.7%-4.7%6.1%8.6%29.1%10.4%
Current ratio1.060.671.153.041.701.39
Debt to equity0.651.030.530.770.150.79

Source: XBRL data Ero Copper Corp. files with the SEC, latest filing dated Mar 30, 2026 (see filings on SEC EDGAR). Provided for information only, not investment advice. Check the filing before relying on a number.

Per-share figures are as filed. The filings show no stock split in these periods.

EPS growth is left out where the share count moved enough to suggest a split the filings do not show. Growth rates need a positive starting figure. CAGR is compound annual growth between fiscal years. The CSV holds every period on file, in full figures, from the same SEC filings.

Foreign private issuers file annual reports with the SEC, so there are no quarterly statements here.

ERO peers

CompanyRevenueGrowthNet incomeNet marginMarket cap
ERO$785.84M+67.1%$263.72M33.6%$3.32B
SCCO$17.11B+38.7%$6.36B37.2%$148.62B
RIO$57.64B+6.3%$9.97B17.3%$108.51B
FCX$26.46B+1.8%$3.44B13.0%$89.51B
VALE$38.40B+0.9%$2.35B6.1%$51.08B
HBM$2.21B+9.4%$568.50M25.7%$10.12B
BVN$1.73B+49.2%$782.14M45.2%$7.34B
AUGO$921.73M+55.1%-$79.34M-8.6%$7.29B
CLF$20.07B+7.8%-$473.00M-2.4%$7.00B

ERO FAQ

9 questions
  • What is ERO revenue?
    Ero Copper Corp. (ERO) reported $785.84M of revenue for fiscal 2025 (ended Dec 31, 2025). That is up 67.1% from the year before.
  • Is ERO profitable?
    Yes. Ero Copper Corp. earned $263.72M in net income for fiscal 2025 (ended Dec 31, 2025), a net margin of 33.6%.
  • How much cash and debt does ERO have?
    Ero Copper Corp. reported $105.44M in cash and cash equivalents and $607.11M of debt on its most recent balance sheet in SEC filings.
  • How fast is ERO revenue growing?
    Ero Copper Corp.'s revenue changed +67.1% in fiscal 2025, to $785.84M. Its compound annual growth rate was +19.4% over 5 years.
  • What is ERO gross margin?
    Ero Copper Corp.'s gross profit was $344.63M on $785.84M of revenue for fiscal 2025 (ended Dec 31, 2025), a gross margin of 43.9%.
  • What is ERO free cash flow?
    Ero Copper Corp. generated $132.38M of free cash flow for fiscal 2025 (ended Dec 31, 2025), which is operating cash flow of $395.14M less capital expenditures.
  • What is ERO earnings per share?
    Diluted earnings per share were $2.53 for fiscal 2025 (ended Dec 31, 2025), from SEC filings, restated for any stock split those filings show.
  • When did ERO last report financial results?
    The latest statements here come from Ero Copper Corp.'s 40-F filed on Mar 30, 2026, covering the period ended Dec 31, 2025.
  • Where does this ERO financial data come from?
    Quantisnow builds these statements from the structured XBRL data Ero Copper Corp. files with the SEC. It is provided for information only and is not investment advice.