Southern Copper (SCCO) Operating Margin (2009 - 2026)
Southern Copper (SCCO) posted quarterly Operating Margin of 61.16% for Q2 2026, up 915.0% year-over-year from 6.03% in Q2 2025, and up 4.83% on a QoQ basis from 58.34% in Q1 2026.
Southern Copper (SCCO) Operating Margin (2009 - 2026) Analysis & Trends
Southern Copper has reported Operating Margin for 18 years, with the latest figure at 61.16% in Q2 2026.
- Operating Margin for Q2 2026 came in at 61.16%, up 915.0% year-over-year; the trailing twelve-month figure through Jun 2026 was 56.9% (up 744.0% YoY), and the FY2025 annual result was 52.17%, up 359.0% from the prior year.
- Operating Margin advanced to 61.16% in Q2 2026, from 58.34% in the prior quarter.
- Over five years, Operating Margin peaked at 61.16% in Q2 2026 and troughed at 35.05% in Q2 2022.
- A 5-year average of 47.93% and a median of 48.88% in 2022 frame the typical range for Operating Margin.
- The widest annual swing landed in 2022, when Operating Margin tumbled 2278 bps; it then surged 1240 bps in 2024.
- A 5-year view of Operating Margin shows it stood at 48.58% in 2022, then retreated by 22 bps to 37.84% in 2023, then advanced by 24 bps to 46.95% in 2024, then grew by 16 bps to 54.54% in 2025, then gained by 12 bps to 61.16% in 2026.
- Per Business Quant data, the three most recent Operating Margin figures were 61.16% in Q2 2026, 58.34% in Q1 2026, and 54.54% in Q4 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Operating Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Southern Copper | 160.22 Bn | 152.89 Bn | 2.90 Bn | 61.16% |
| 2 | Freeport-Mcmoran | 98.99 Bn | 94.91 Bn | 2.19 Bn | 28.50% |
| 3 | Hudbay Minerals | 11.05 Bn | 10.00 Bn | 269.00 Mn | 34.80% |
| 4 | Ero Copper | 3.77 Bn | 3.68 Bn | 105.91 Mn | 44.45% |
| 5 | Trekor Metals | 3.18 Bn | 3.05 Bn | 83.54 Mn | 50.26% |
| 6 | Ivanhoe Electric | 1.74 Bn | 1.48 Bn | 368,000.00 | -2,966.85% |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 61.16% |
| Mar 31, 2026 | 58.34% |
| Dec 31, 2025 | 54.54% |
| Sep 30, 2025 | 52.37% |
| Jun 30, 2025 | 52.02% |
| Mar 31, 2025 | 49.18% |
| Dec 31, 2024 | 46.95% |
| Sep 30, 2024 | 49.48% |
| Jun 30, 2024 | 51.54% |
| Mar 31, 2024 | 45.76% |
| Dec 31, 2023 | 37.84% |
| Sep 30, 2023 | 42.67% |
| Jun 30, 2023 | 39.15% |
| Mar 31, 2023 | 48.45% |
| Dec 31, 2022 | 48.58% |
| Sep 30, 2022 | 36.50% |
| Jun 30, 2022 | 35.05% |
| Mar 31, 2022 | 53.19% |
| Dec 31, 2021 | 54.20% |
| Sep 30, 2021 | 56.24% |