Southern Copper (SCCO) Gross Margin (2009 - 2026)
Southern Copper (SCCO) posted quarterly Gross Margin of 67.6% for Q2 2026, up 732.0% year-over-year from 8.13% in Q2 2025, and up 4.41% on a QoQ basis from 64.75% in Q1 2026.
Southern Copper (SCCO) Gross Margin (2009 - 2026) Analysis & Trends
Southern Copper has reported Gross Margin for 18 years, with the latest figure at 67.6% in Q2 2026.
- Gross Margin for Q2 2026 came in at 67.6%, up 732.0% year-over-year; the trailing twelve-month figure through Jun 2026 was 63.79% (up 556.0% YoY), and the FY2025 annual result was 60.07%, up 241.0% from the prior year.
- Gross Margin grew to 67.6% in Q2 2026, from 64.75% in the prior quarter.
- Over five years, Gross Margin peaked at 67.6% in Q2 2026 and troughed at 45.96% in Q2 2022.
- A 5-year average of 56.89% and a median of 57.5% in 2025 frame the typical range for Gross Margin.
- The widest annual swing landed in 2022, when Gross Margin sank 2002 bps; it then jumped 983 bps in 2024.
- A 5-year view of Gross Margin shows it stood at 57.21% in 2022, then dropped by 14 bps to 49.03% in 2023, then rose by 15 bps to 56.48% in 2024, then climbed by 10 bps to 61.97% in 2025, then advanced by 9 bps to 67.6% in 2026.
- Per Business Quant data, the three most recent Gross Margin figures were 67.6% in Q2 2026, 64.75% in Q1 2026, and 61.97% in Q4 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Southern Copper | 160.14 Bn | 152.81 Bn | 2.90 Bn | 67.60% |
| 2 | Freeport-Mcmoran | 98.63 Bn | 94.55 Bn | 2.19 Bn | 31.10% |
| 3 | Hudbay Minerals | 10.97 Bn | 9.92 Bn | 269.00 Mn | 42.61% |
| 4 | Ero Copper | 3.75 Bn | 3.65 Bn | 105.91 Mn | 40.25% |
| 5 | Trekor Metals | 3.19 Bn | 3.06 Bn | 83.54 Mn | 48.32% |
| 6 | Ivanhoe Electric | 1.75 Bn | 1.49 Bn | 368,000.00 | 50.83% |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 67.60% |
| 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% |