Ero Copper (ERO) Operating Margin (2020 - 2026)
Ero Copper (ERO) posted quarterly Operating Margin of 44.45% for Q1 2026, down 903.0% year-over-year from 5.54% in Q1 2025, and down 20.22% quarter-over-quarter from 55.71% in Q4 2025.
Ero Copper (ERO) Operating Margin (2020 - 2026) Analysis & Trends
Ero Copper's Operating Margin history runs 7 years deep, the most recent figure standing at 44.45% for Q1 2026.
- In Q1 2026, Operating Margin fell 903.0% year-over-year to 44.45%; the TTM figure through Mar 2026 stood at 48.07% (down 388.0% YoY), while the FY2025 annual figure was 34.43%, up 1127.0% from the prior year.
- Operating Margin for Q1 2026 stood at 44.45%, down from 55.71% in the prior quarter.
- The five-year high for Operating Margin was 66.3% in Q1 2022, with the low at 39.51% in Q3 2025.
- The 5-year median for Operating Margin is 50.57% (2023), against an average of 50.04%.
- The sharpest annual moves came in 2022 and 2025: Operating Margin plunged 2833 bps in 2022, then surged 1312 bps in 2025.
- Ero Copper's Operating Margin stood at 57.23% in 2022, then retreated by 19 bps to 46.4% in 2023, then increased by 16 bps to 53.88% in 2024, then grew by 3 bps to 55.71% in 2025, then slipped by 20 bps to 44.45% in 2026.
- Business Quant data shows ERO's Operating Margin at 44.45% in Q1 2026, 55.71% in Q4 2025, and 39.51% in Q3 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Operating Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Southern Copper | 158.74 Bn | 151.41 Bn | 2.90 Bn | 61.16% |
| 2 | Freeport-Mcmoran | 98.42 Bn | 94.34 Bn | 2.19 Bn | 28.50% |
| 3 | Hudbay Minerals | 10.92 Bn | 9.87 Bn | 269.00 Mn | 34.80% |
| 4 | Ero Copper | 3.71 Bn | 3.62 Bn | 105.91 Mn | 44.45% |
| 5 | Trekor Metals | 3.18 Bn | 3.06 Bn | 83.54 Mn | 50.26% |
| 6 | Ivanhoe Electric | 1.76 Bn | 1.50 Bn | 368,000.00 | -2,966.85% |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 44.45% |
| Dec 31, 2025 | 55.71% |
| Sep 30, 2025 | 39.51% |
| Jun 30, 2025 | 48.22% |
| Mar 31, 2025 | 53.48% |
| Dec 31, 2024 | 53.88% |
| Sep 30, 2024 | 53.14% |
| Jun 30, 2024 | 47.06% |
| Mar 31, 2024 | 40.35% |
| Dec 31, 2023 | 46.40% |
| Sep 30, 2023 | 47.42% |
| Jun 30, 2023 | 50.57% |
| Mar 31, 2023 | 51.83% |
| Dec 31, 2022 | 57.23% |
| Sep 30, 2022 | 40.20% |
| Jun 30, 2022 | 54.94% |
| Mar 31, 2022 | 66.30% |
| Dec 31, 2021 | 71.64% |
| Sep 30, 2021 | 68.53% |
| Jun 30, 2021 | 77.18% |