Ero Copper (ERO) Operating Margin (2020 - 2026)
Ero Copper's Operating Margin was 41.74% in Q3 2026, up 20.24 percentage points from 21.50% a year earlier and up 3.82 percentage points from the prior quarter.
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Analysis
Ero Copper (ERO) Operating Margin (2020 - 2026) Analysis & Trends
On a trailing twelve-month basis, Ero Copper's Operating Margin was 40.05% through Sep 30, 2026, up 10.40 percentage points year-over-year; for FY2025, it was 34.43%, up 11.27 percentage points from FY2024.
- Operating Margin shows a five-year change of -12.20 percentage points (FY2020 to FY2025).
- In earlier years, Operating Margin was 23.16% in FY2024 (+0.89 pp), 22.27% in FY2023 (-8.17 pp), 30.44% in FY2022 (-25.12 pp) and 55.55% in FY2021 (+8.91 pp).
- Quarterly Operating Margin has moved between 12.40% (Q1 2024) and 53.47% (Q4 2021) over five years.
- Compared with a year earlier, Operating Margin has increased for four straight quarters, with an average year-over-year change of +9.98 percentage points over the last eight quarters.
- The best year-over-year quarter for Operating Margin over five years was Q1 2025 (a gain of 21.96 percentage points); the worst was Q3 2022 (a drop of 40.27 percentage points).
- Per Business Quant data, ERO's Operating Margin in the three quarters before Q3 2026 was 37.92% (Q2 2026), 35.04% (Q1 2026) and 44.22% (Q4 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Operating Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Nucor | 172.02 Bn | 161.79 Bn | 2.33 Bn | 16.60% |
| 2 | Rio Tinto | 168.15 Bn | 130.95 Bn | - | - |
| 3 | Southern Copper | 138.51 Bn | 113.33 Bn | 3.10 Bn | 59.94% |
| 4 | Rio Tinto | 134.73 Bn | 101.79 Bn | - | - |
| 5 | Newmont | 117.64 Bn | 82.96 Bn | 4.22 Bn | 16.03% |
| 6 | Ternium | 99.96 Bn | 72.72 Bn | 1.04 Bn | 12.44% |
| 7 | Agnico Eagle Mines | 89.22 Bn | 76.17 Bn | 2.15 Bn | 56.01% |
| 8 | Freeport-Mcmoran | 85.03 Bn | 81.69 Bn | 2.55 Bn | 31.18% |
| 9 | Barrick Mining | 63.01 Bn | 47.43 Bn | 2.71 Bn | 54.41% |
| 10 | Ero Copper | 3.03 Bn | 2.62 Bn | 169.56 Mn | 41.74% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 41.74% |
| Jun 30, 2026 | 37.92% |
| Mar 31, 2026 | 35.04% |
| Dec 31, 2025 | 44.22% |
| Sep 30, 2025 | 21.50% |
| Jun 30, 2025 | 29.34% |
| Mar 31, 2025 | 34.36% |
| Dec 31, 2024 | 37.04% |
| Sep 30, 2024 | 28.64% |
| Jun 30, 2024 | 12.52% |
| Mar 31, 2024 | 12.40% |
| Dec 31, 2023 | 25.51% |
| Sep 30, 2023 | 20.03% |
| Jun 30, 2023 | 24.55% |
| Mar 31, 2023 | 27.63% |
| Dec 31, 2022 | 33.14% |
| Sep 30, 2022 | 12.90% |
| Jun 30, 2022 | 33.23% |
| Mar 31, 2022 | 45.71% |
| Dec 31, 2021 | 53.47% |
API Access
Ero Copper Operating 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=operating-margin&ticker=ERO&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "operating-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=operating-margin&ticker=ERO&period=max&api_key=YOUR_API_KEY");
const data = await res.json();