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| 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% |