Southern Copper (SCCO) Gross Margin (2009 - 2026)
Southern Copper (SCCO) recorded quarterly Gross Margin of 64.75% in Q1 2026, up 4.47% quarter-over-quarter from 61.97% in Q4 2025, and up 700.0% on a YoY basis from 8.09% in Q1 2025.
Southern Copper (SCCO) Gross Margin (2009 - 2026) Analysis & Trends
Southern Copper's Gross Margin history runs 18 years deep, the most recent figure standing at 64.75% for Q1 2026.
- In Q1 2026, Gross Margin rose 700.0% year-over-year to 64.75%; the TTM figure through Mar 2026 stood at 61.93% (up 378.0% YoY), while the FY2025 annual figure was 60.07%, up 241.0% from the prior year.
- Gross Margin was 64.75% for Q1 2026 at Southern Copper, up from 61.97% in the prior quarter.
- In the past five years, Gross Margin ranged from a high of 64.75% in Q1 2026 to a low of 45.96% in Q2 2022.
- Historically, Gross Margin has averaged 56.26% across 5 years, with a median of 57.26% in 2023.
- The sharpest annual moves came in 2022 and 2024: Gross Margin slumped 2002 bps in 2022, then jumped 983 bps in 2024.
- A 5-year view of Gross Margin shows it stood at 57.21% in 2022, then declined by 14 bps to 49.03% in 2023, then gained by 15 bps to 56.48% in 2024, then grew by 10 bps to 61.97% in 2025, then increased by 4 bps to 64.75% in 2026.
- The last three Gross Margin figures came in at 64.75% (Q1 2026), 61.97% (Q4 2025), and 59.83% (Q3 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Southern Copper | 142.13 Bn | 136.85 Bn | 2.75 Bn | 64.75% |
| 2 | Freeport-Mcmoran | 91.19 Bn | 99.46 Bn | 6.22 Bn | 99.73% |
| 3 | Hudbay Minerals | 10.19 Bn | 9.65 Bn | 368.00 Mn | 48.59% |
| 4 | Ero Copper | 2.69 Bn | 2.58 Bn | 105.91 Mn | 40.25% |
| 5 | Ivanhoe Electric | 1.75 Bn | 1.46 Bn | 505,000.00 | 58.86% |
| 6 | Taseko Mines | 3.95 Mn | -119.02 Mn | 83.54 Mn | 48.32% |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 64.75% |
| Dec 31, 2025 | 61.97% |
| Sep 30, 2025 | 59.83% |
| Jun 30, 2025 | 60.29% |
| Mar 31, 2025 | 57.74% |
| Dec 31, 2024 | 56.48% |
| Sep 30, 2024 | 58.27% |
| Jun 30, 2024 | 59.95% |
| Mar 31, 2024 | 55.47% |
| Dec 31, 2023 | 49.03% |
| Sep 30, 2023 | 53.08% |
| Jun 30, 2023 | 50.12% |
| Mar 31, 2023 | 57.26% |
| Dec 31, 2022 | 57.21% |
| Sep 30, 2022 | 47.24% |
| Jun 30, 2022 | 45.96% |
| Mar 31, 2022 | 61.73% |
| Dec 31, 2021 | 63.25% |
| Sep 30, 2021 | 65.40% |
| Jun 30, 2021 | 65.98% |