Ero Copper (ERO) Gross Margin (2020 - 2026)

Ero Copper (ERO) recorded quarterly Gross Margin of 40.25% in Q1 2026, down 21.64% quarter-over-quarter from 51.36% in Q4 2025, and down 414.0% on a YoY basis from 12.82% in Q1 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 was 40.25% for Q1 2026 at Ero Copper, down from 51.36% in the prior quarter.
  • In the past five years, Gross Margin ranged from a high of 56.01% in Q1 2022 to a low of 26.55% in Q3 2022.
  • Historically, Gross Margin has averaged 40.03% across 5 years, with a median of 40.25% in 2026.
  • The sharpest annual moves came in 2022 and 2025: Gross Margin plunged 3430 bps in 2022, then surged 1492 bps in 2025.
  • A 5-year view of Gross Margin shows it stood at 45.18% in 2022, then slipped by 20 bps to 35.95% in 2023, then increased by 19 bps to 42.74% in 2024, then advanced by 20 bps to 51.36% in 2025, then decreased by 22 bps to 40.25% in 2026.
  • The last three Gross Margin figures came in at 40.25% (Q1 2026), 51.36% (Q4 2025), and 32.41% (Q3 2025), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Gross Margin (Qtr)
1 Southern Copper 142.13 Bn 136.85 Bn 2.75 Bn 64.75%
2 Freeport-Mcmoran 91.19 Bn 99.46 Bn 6.22 Bn 99.73%
3 Hudbay Minerals 10.19 Bn 9.65 Bn 368.00 Mn 48.59%
4 Ero Copper 2.69 Bn 2.58 Bn 105.91 Mn 40.25%
5 Ivanhoe Electric 1.75 Bn 1.46 Bn 505,000.00 58.86%
6 Taseko Mines 3.95 Mn -119.02 Mn 83.54 Mn 48.32%

Historic Data

Download Data
DateValue
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%