Southern Copper (SCCO) Deferred Taxes (2009 - 2026)
Southern Copper (SCCO) recorded quarterly Deferred Taxes of -$34.8 million in Q1 2026, up 47.83% quarter-over-quarter from -$66.7 million in Q4 2025, and down 223.4% on a YoY basis from $28.2 million in Q1 2025.
Southern Copper (SCCO) Deferred Taxes (2009 - 2026) Analysis & Trends
Southern Copper's Deferred Taxes history runs 18 years deep, the most recent figure standing at -$34.8 million for Q1 2026.
- In Q1 2026, Deferred Taxes fell 223.4% year-over-year to -$34.8 million; the TTM figure through Mar 2026 stood at -$96.9 million (down 124.83% YoY), while the FY2025 annual figure was -$33.9 million, up 35.06% from the prior year.
- Deferred Taxes was -$34.8 million for Q1 2026 at Southern Copper, up from -$66.7 million in the prior quarter.
- In the past five years, Deferred Taxes ranged from a high of $52.6 million in Q3 2022 to a low of -$66.7 million in Q4 2025.
- Historically, Deferred Taxes has averaged -$3.6 million across 5 years, with a median of -$11.8 million in 2022.
- The sharpest annual moves came in 2025 and 2026: Deferred Taxes jumped 525.0% in 2025, then plunged 223.4% in 2026.
- A 5-year view of Deferred Taxes shows it stood at $34.1 million in 2022, then plunged by 146.33% to -$15.8 million in 2023, then plunged by 215.19% to -$49.8 million in 2024, then tumbled by 33.94% to -$66.7 million in 2025, then surged by 47.83% to -$34.8 million in 2026.
- The last three Deferred Taxes figures came in at -$34.8 million (Q1 2026), -$66.7 million (Q4 2025), and -$20.4 million (Q3 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Deferred Taxes (Qtr) |
|---|---|---|---|---|---|
| 1 | Southern Copper | 142.13 Bn | 136.85 Bn | 2.75 Bn | -34.80 Mn |
| 2 | Freeport-Mcmoran | 91.19 Bn | 99.46 Bn | 6.22 Bn | 19.00 Mn |
| 3 | Hudbay Minerals | 10.19 Bn | 9.65 Bn | 368.00 Mn | - |
| 4 | Ero Copper | 2.69 Bn | 2.58 Bn | 105.91 Mn | -10.69 Mn |
| 5 | Ivanhoe Electric | 1.75 Bn | 1.46 Bn | 505,000.00 | - |
| 6 | Taseko Mines | 3.95 Mn | -119.02 Mn | 83.54 Mn | - |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | -34.80 Mn |
| Dec 31, 2025 | -66.70 Mn |
| Sep 30, 2025 | -20.40 Mn |
| Jun 30, 2025 | 25.00 Mn |
| Mar 31, 2025 | 28.20 Mn |
| Dec 31, 2024 | -49.80 Mn |
| Sep 30, 2024 | -25.50 Mn |
| Jun 30, 2024 | 4.00 Mn |
| Mar 31, 2024 | 19.10 Mn |
| Dec 31, 2023 | -15.80 Mn |
| Sep 30, 2023 | -49.60 Mn |
| Jun 30, 2023 | 24.70 Mn |
| Mar 31, 2023 | -18.40 Mn |
| Dec 31, 2022 | 34.10 Mn |
| Sep 30, 2022 | 52.60 Mn |
| Jun 30, 2022 | -11.80 Mn |
| Mar 31, 2022 | 43.70 Mn |
| Dec 31, 2021 | -26.20 Mn |
| Sep 30, 2021 | -103.30 Mn |
| Jun 30, 2021 | 42.10 Mn |