Ero Copper (ERO) Gross Margin (2020 - 2026)
Ero Copper (ERO) posted quarterly Gross Margin of 40.25% for Q1 2026, down 414.0% year-over-year from 12.82% in Q1 2025, and down 21.64% quarter-over-quarter from 51.36% in Q4 2025.
Ero Copper (ERO) Gross Margin (2020 - 2026) Analysis & Trends
Ero Copper's Gross Margin history runs 7 years deep, the most recent figure standing at 40.25% for Q1 2026.
- In Q1 2026, Gross Margin fell 414.0% year-over-year to 40.25%; the TTM figure through Mar 2026 stood at 42.75% (up 90.0% YoY), while the FY2025 annual figure was 43.85%, up 546.0% from the prior year.
- Gross Margin for Q1 2026 stood at 40.25%, down from 51.36% in the prior quarter.
- The five-year high for Gross Margin was 56.01% in Q1 2022, with the low at 26.55% in Q3 2022.
- The 5-year median for Gross Margin is 40.25% (2026), against an average of 40.03%.
- The sharpest annual moves came in 2022 and 2025: Gross Margin tumbled 3430 bps in 2022, then jumped 1492 bps in 2025.
- Ero Copper's Gross Margin stood at 45.18% in 2022, then decreased by 20 bps to 35.95% in 2023, then grew by 19 bps to 42.74% in 2024, then gained by 20 bps to 51.36% in 2025, then retreated by 22 bps to 40.25% in 2026.
- Business Quant data shows ERO's Gross Margin at 40.25% in Q1 2026, 51.36% in Q4 2025, and 32.41% in Q3 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Southern Copper | 158.74 Bn | 151.41 Bn | 2.90 Bn | 67.60% |
| 2 | Freeport-Mcmoran | 98.42 Bn | 94.34 Bn | 2.19 Bn | 31.10% |
| 3 | Hudbay Minerals | 10.92 Bn | 9.87 Bn | 269.00 Mn | 42.61% |
| 4 | Ero Copper | 3.71 Bn | 3.62 Bn | 105.91 Mn | 40.25% |
| 5 | Trekor Metals | 3.18 Bn | 3.06 Bn | 83.54 Mn | 48.32% |
| 6 | Ivanhoe Electric | 1.76 Bn | 1.50 Bn | 368,000.00 | 50.83% |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 40.25% |
| Dec 31, 2025 | 51.36% |
| Sep 30, 2025 | 32.41% |
| Jun 30, 2025 | 41.15% |
| Mar 31, 2025 | 44.39% |
| Dec 31, 2024 | 42.74% |
| Sep 30, 2024 | 43.02% |
| Jun 30, 2024 | 36.97% |
| Mar 31, 2024 | 29.47% |
| Dec 31, 2023 | 35.95% |
| Sep 30, 2023 | 33.73% |
| Jun 30, 2023 | 37.56% |
| Mar 31, 2023 | 39.73% |
| Dec 31, 2022 | 45.18% |
| Sep 30, 2022 | 26.55% |
| Jun 30, 2022 | 44.08% |
| Mar 31, 2022 | 56.01% |
| Dec 31, 2021 | 62.55% |
| Sep 30, 2021 | 60.85% |
| Jun 30, 2021 | 69.31% |