Ero Copper (ERO) Return on Invested Capital [ROIC] (2021 - 2026)
Ero Copper's Return on Invested Capital [ROIC] was 27.29% in Q3 2026, up 15.45 percentage points from 11.83% a year earlier and up 5.26 percentage points from the prior quarter.
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Analysis
Ero Copper (ERO) Return on Invested Capital [ROIC] (2021 - 2026) Analysis & Trends
For FY2025, Return on Invested Capital [ROIC] at Ero Copper came in at 15.98%, up 7.89 percentage points from FY2024.
- Return on Invested Capital [ROIC] shows a four-year change of -39.90 percentage points (FY2021 to FY2025).
- In earlier years, Return on Invested Capital [ROIC] was 8.09% in FY2024 (+0.78 pp), 7.31% in FY2023 (-7.72 pp), 15.02% in FY2022 (-40.86 pp) and 55.88% in FY2021.
- The Q3 2026 figure marks the highest quarterly Return on Invested Capital [ROIC] since Q1 2022.
- Compared with a year earlier, Return on Invested Capital [ROIC] has increased for seven straight quarters, with an average year-over-year change of +7.05 percentage points over the last eight quarters.
- The best year-over-year quarter for Return on Invested Capital [ROIC] over five years was Q3 2026 (a gain of 15.45 percentage points); the worst was Q4 2022 (a drop of 50.47 percentage points).
- Per Business Quant data, ERO's Return on Invested Capital [ROIC] in the three quarters before Q3 2026 was 22.02% (Q2 2026), 19.85% (Q1 2026) and 17.81% (Q4 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | ROIC (Qtr) |
|---|---|---|---|---|---|
| 1 | Nucor | 172.02 Bn | 161.79 Bn | 2.33 Bn | 13.71% |
| 2 | Rio Tinto | 168.15 Bn | 130.95 Bn | - | - |
| 3 | Southern Copper | 138.51 Bn | 113.33 Bn | 3.10 Bn | 30.10% |
| 4 | Rio Tinto | 134.73 Bn | 101.79 Bn | - | - |
| 5 | Newmont | 117.64 Bn | 82.96 Bn | 4.22 Bn | 8.59% |
| 6 | Ternium | 99.96 Bn | 72.72 Bn | 1.04 Bn | 7.61% |
| 7 | Agnico Eagle Mines | 89.22 Bn | 76.17 Bn | 2.15 Bn | 21.64% |
| 8 | Freeport-Mcmoran | 85.03 Bn | 81.69 Bn | 2.55 Bn | 12.32% |
| 9 | Barrick Mining | 63.01 Bn | 47.43 Bn | 2.71 Bn | 22.01% |
| 10 | Ero Copper | 3.03 Bn | 2.62 Bn | 169.56 Mn | 27.29% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 27.29% |
| 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 | 10.90% |
| Dec 31, 2024 | 8.93% |
| Sep 30, 2024 | 7.67% |
| Jun 30, 2024 | 6.48% |
| Mar 31, 2024 | 7.25% |
| Dec 31, 2023 | 9.14% |
| Sep 30, 2023 | 10.61% |
| Jun 30, 2023 | 9.95% |
| Mar 31, 2023 | 11.87% |
| Dec 31, 2022 | 14.86% |
| Sep 30, 2022 | 18.87% |
| Jun 30, 2022 | 23.59% |
| Mar 31, 2022 | 36.62% |
| Dec 31, 2021 | 65.34% |
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();