Ero Copper (ERO) Gross Margin (2020 - 2026)
Ero Copper (ERO) recorded Gross Margin of 48.72% in Q3 2026, up 16.31 percentage points from 32.41% a year earlier and up 6.01 percentage points from the prior quarter.
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Analysis
Ero Copper (ERO) Gross Margin (2020 - 2026) Analysis & Trends
On a TTM basis, Ero Copper's Gross Margin came in at 46.17% as of Sep 30, 2026, up 6.63 percentage points year-over-year; for FY2025, it was 43.85%, up 5.46 percentage points from FY2024.
- Annual Gross Margin has a five-year change of -14.20 percentage points (FY2020 to FY2025).
- Across earlier years, Gross Margin came in at 38.39% in FY2024 (+1.70 pp), 36.69% in FY2023 (-7.21 pp), 43.90% in FY2022 (-21.19 pp) and 65.08% in FY2021 (+7.03 pp).
- Quarterly Gross Margin has ranged from 26.55% in Q3 2022 to 62.55% in Q4 2021 over the past five years.
- On a year-over-year basis, Gross Margin rose in six of the last eight quarters, with an average year-over-year change of +4.70 percentage points.
- Peak year-over-year performance for Gross Margin in the last five years was a gain of 16.31 percentage points in Q3 2026, against a drop of 34.30 percentage points in Q3 2022 at the low end.
- Per Business Quant, the preceding three quarters came in at 42.71% (Q2 2026), 40.25% (Q1 2026) and 51.36% (Q4 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Nucor | 172.02 Bn | 161.79 Bn | 2.33 Bn | 20.68% |
| 2 | Rio Tinto | 168.15 Bn | 130.95 Bn | - | - |
| 3 | Southern Copper | 138.51 Bn | 113.33 Bn | 3.10 Bn | 65.95% |
| 4 | Rio Tinto | 134.73 Bn | 101.79 Bn | - | - |
| 5 | Newmont | 117.64 Bn | 82.96 Bn | 4.22 Bn | 66.32% |
| 6 | Ternium | 99.96 Bn | 72.72 Bn | 1.04 Bn | 22.32% |
| 7 | Agnico Eagle Mines | 89.22 Bn | 76.17 Bn | 2.15 Bn | 60.10% |
| 8 | Freeport-Mcmoran | 85.03 Bn | 81.69 Bn | 2.55 Bn | 33.75% |
| 9 | Barrick Mining | 63.01 Bn | 47.43 Bn | 2.71 Bn | 53.46% |
| 10 | Ero Copper | 3.03 Bn | 2.62 Bn | 169.56 Mn | 48.72% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 48.72% |
| Jun 30, 2026 | 42.71% |
| 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% |
API Access
Ero Copper Gross Margin API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=gross-margin&ticker=ERO&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "gross-margin", "ticker": "ERO", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=gross-margin&ticker=ERO&period=max&api_key=YOUR_API_KEY");
const data = await res.json();