Ero Copper (ERO) Net Margin (2020 - 2026)
Ero Copper's Net Margin came in at 33.40% for Q3 2026, up 13.08 percentage points from 20.32% a year earlier and up 1.90 percentage points from the prior quarter.
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Analysis
Ero Copper (ERO) Net Margin (2020 - 2026) Analysis & Trends
Over the trailing twelve months to Sep 30, 2026, Ero Copper reported Net Margin of 32.35%, up 8.92 percentage points year-over-year; for FY2025, it came in at 33.56%, up 48.12 percentage points from FY2024.
- Net Margin carries a five-year change of +17.63 percentage points (FY2020 to FY2025).
- Going back by year, Net Margin was -14.56% in FY2024 (-36.27 pp), 21.71% in FY2023 (-2.17 pp), 23.88% in FY2022 (-17.16 pp) and 41.04% in FY2021 (+25.11 pp).
- The five-year range for quarterly Net Margin is -45.48% (Q2 2024) to 64.14% (Q1 2025).
- Year-over-year, Net Margin increased in four of the last eight quarters, with an average year-over-year change of +14.81 percentage points.
- The fastest year-over-year change in Net Margin over five years came in Q2 2025 (a gain of 88.62 percentage points), and the weakest in Q2 2024 (a drop of 73.66 percentage points).
- Business Quant data shows ERO's Net Margin at 31.49% (Q2 2026), 41.33% (Q1 2026) and 24.59% (Q4 2025) in the three quarters before Q3 2026.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Net Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Nucor | 172.02 Bn | 161.79 Bn | 2.33 Bn | 11.73% |
| 2 | Rio Tinto | 168.15 Bn | 130.95 Bn | - | - |
| 3 | Southern Copper | 138.51 Bn | 113.33 Bn | 3.10 Bn | 38.36% |
| 4 | Rio Tinto | 134.73 Bn | 101.79 Bn | - | - |
| 5 | Newmont | 117.64 Bn | 82.96 Bn | 4.22 Bn | 38.90% |
| 6 | Ternium | 99.96 Bn | 72.72 Bn | 1.04 Bn | 6.02% |
| 7 | Agnico Eagle Mines | 89.22 Bn | 76.17 Bn | 2.15 Bn | 37.75% |
| 8 | Freeport-Mcmoran | 85.03 Bn | 81.69 Bn | 2.55 Bn | 15.56% |
| 9 | Barrick Mining | 63.01 Bn | 47.43 Bn | 2.71 Bn | 25.96% |
| 10 | Ero Copper | 3.03 Bn | 2.62 Bn | 169.56 Mn | 33.40% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 33.40% |
| Jun 30, 2026 | 31.49% |
| Mar 31, 2026 | 41.33% |
| Dec 31, 2025 | 24.59% |
| Sep 30, 2025 | 20.32% |
| Jun 30, 2025 | 43.15% |
| Mar 31, 2025 | 64.14% |
| Dec 31, 2024 | -39.93% |
| Sep 30, 2024 | 32.73% |
| Jun 30, 2024 | -45.48% |
| Mar 31, 2024 | -6.75% |
| Dec 31, 2023 | 31.83% |
| Sep 30, 2023 | 2.40% |
| Jun 30, 2023 | 28.19% |
| Mar 31, 2023 | 23.93% |
| Dec 31, 2022 | 19.26% |
| Sep 30, 2022 | 4.36% |
| Jun 30, 2022 | 20.73% |
| Mar 31, 2022 | 47.84% |
| Dec 31, 2021 | 44.64% |
API Access
Ero Copper Net 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=net-margin&ticker=ERO&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "net-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=net-margin&ticker=ERO&period=max&api_key=YOUR_API_KEY");
const data = await res.json();