Ero Copper (ERO) Return on Invested Capital [ROIC] (2022 - 2026)
Ero Copper's Return on Invested Capital [ROIC] was 22.02% in the quarter ended Jun 30, 2026, up 9.76 percentage points from 12.26% a year earlier and up 2.17 percentage points from the prior quarter.
Powered by 
Analysis
Ero Copper (ERO) Return on Invested Capital [ROIC] (2022 - 2026) Analysis & Trends
For the year ended Dec 31, 2025, Return on Invested Capital [ROIC] at Ero Copper came in at 19.78%, up 10.81 percentage points from the prior year.
- Return on Invested Capital [ROIC] shows a four-year change of -45.26 percentage points (years ended Dec 2021 to Dec 2025).
- In earlier years, Return on Invested Capital [ROIC] was 8.97% in the year ended Dec 31, 2024 (+0.30 pp), 8.67% in the year ended Dec 31, 2023 (-9.67 pp), 18.34% in the year ended Dec 31, 2022 (-46.70 pp) and 65.04% in the year ended Dec 31, 2021.
- The figure for the quarter ended Jun 30, 2026 marks the highest quarterly Return on Invested Capital [ROIC] since the quarter ended Mar 31, 2023.
- Compared with a year earlier, Return on Invested Capital [ROIC] has increased for five straight quarters, with an average year-over-year change of +0.98 percentage points over the last eight quarters.
- The best year-over-year quarter for Return on Invested Capital [ROIC] over five years was the quarter ended Jun 30, 2026 (a gain of 9.76 percentage points); the worst was the quarter ended Sep 30, 2024 (a drop of 11.11 percentage points).
- Per Business Quant data, ERO's Return on Invested Capital [ROIC] in the three quarters before the quarter ended Jun 30, 2026 was 19.85% (quarter ended Mar 31, 2026), 17.81% (quarter ended Dec 31, 2025) and 11.83% (quarter ended Sep 30, 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | ROIC (Qtr) |
|---|---|---|---|---|---|
| 1 | Rio Tinto | 193.68 Bn | 159.81 Bn | - | - |
| 2 | Southern Copper | 171.36 Bn | 150.22 Bn | 2.90 Bn | - |
| 3 | Newmont | 121.76 Bn | 89.94 Bn | 4.03 Bn | 7.86% |
| 4 | Ternium | 113.51 Bn | 78.56 Bn | 941.02 Mn | 4.89% |
| 5 | Freeport-Mcmoran | 103.45 Bn | 99.60 Bn | 2.19 Bn | 11.56% |
| 6 | Agnico Eagle Mines | 91.92 Bn | 91.92 Bn | 2.43 Bn | 35.18% |
| 7 | Barrick Mining | 67.42 Bn | 52.16 Bn | 2.90 Bn | 29.31% |
| 8 | Nucor | 54.54 Bn | 45.08 Bn | 2.03 Bn | 11.01% |
| 9 | ArcelorMittal | 49.09 Bn | 30.12 Bn | - | 3.54% |
| 10 | Ero Copper | 3.95 Bn | 3.59 Bn | 121.42 Mn | 22.02% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 22.02% |
| Mar 31, 2026 | 19.85% |
| Dec 31, 2025 | 17.81% |
| Sep 30, 2025 | 11.83% |
| Jun 30, 2025 | 12.26% |
| Mar 31, 2025 | 10.89% |
| Dec 31, 2024 | 8.91% |
| Sep 30, 2024 | 9.66% |
| Jun 30, 2024 | 10.87% |
| Mar 31, 2024 | 13.73% |
| Dec 31, 2023 | 18.29% |
| Sep 30, 2023 | 20.77% |
| Jun 30, 2023 | 19.88% |
| Mar 31, 2023 | 22.17% |
| Dec 31, 2022 | 25.49% |
| Sep 30, 2022 | 29.37% |
API Access
Ero Copper Return on Invested Capital [ROIC] 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=return-on-invested-capital-%5Broic%5D&ticker=ERO&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "return-on-invested-capital-[roic]", "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=return-on-invested-capital-%5Broic%5D&ticker=ERO&period=max&api_key=YOUR_API_KEY");
const data = await res.json();