Southern Copper (SCCO) Operating Margin (2009 - 2026)
Southern Copper's Operating Margin came in at 61.16% for Q2 2026, up 9.15 percentage points from 52.02% a year earlier and up 2.82 percentage points from the prior quarter.
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Analysis
Southern Copper (SCCO) Operating Margin (2009 - 2026) Analysis & Trends
Over the trailing twelve months to Jun 30, 2026, Southern Copper reported Operating Margin of 56.90%, up 7.44 percentage points year-over-year; for FY2025, it came in at 52.17%, up 3.59 percentage points from FY2024.
- Operating Margin carries a five-year change of +13.09 percentage points (FY2020 to FY2025).
- Going back by year, Operating Margin was 48.58% in FY2024 (+6.22 pp), 42.36% in FY2023 (-1.78 pp), 44.15% in FY2022 (-11.32 pp) and 55.47% in FY2021 (+16.39 pp).
- The Q2 2026 figure represents the highest quarterly Operating Margin in data going back to Q1 2009.
- Year-over-year, Operating Margin has increased for nine consecutive quarters, with an average year-over-year change of +6.07 percentage points over the last eight quarters.
- The fastest year-over-year change in Operating Margin over five years came in Q2 2024 (a gain of 12.40 percentage points), and the weakest in Q2 2022 (a drop of 22.78 percentage points).
- Business Quant data shows SCCO's Operating Margin at 58.34% (Q1 2026), 54.54% (Q4 2025) and 52.37% (Q3 2025) in the three quarters before Q2 2026.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Operating Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Rio Tinto | 182.38 Bn | 151.41 Bn | - | - |
| 2 | Southern Copper | 167.53 Bn | 146.32 Bn | 2.90 Bn | 61.16% |
| 3 | Rio Tinto | 145.19 Bn | 105.69 Bn | - | - |
| 4 | Newmont | 125.76 Bn | 93.76 Bn | 4.03 Bn | 16.48% |
| 5 | Freeport-Mcmoran | 100.06 Bn | 84.10 Bn | 2.19 Bn | 28.50% |
| 6 | Agnico Eagle Mines | 94.12 Bn | 83.75 Bn | 2.43 Bn | 60.65% |
| 7 | Barrick Mining | 69.05 Bn | 44.25 Bn | 2.90 Bn | 51.63% |
| 8 | Nucor | 59.59 Bn | 48.98 Bn | 2.03 Bn | 15.67% |
| 9 | ArcelorMittal | 47.82 Bn | 26.84 Bn | - | 6.29% |
| 10 | AngloGold Ashanti | 46.49 Bn | 34.38 Bn | 1.70 Bn | 49.81% |
Historic Data
Download Data
Historic 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% |
API Access
Southern Copper Operating Margin 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=operating-margin&ticker=SCCO&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "operating-margin", "ticker": "SCCO", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=operating-margin&ticker=SCCO&period=max&api_key=YOUR_API_KEY");
const data = await res.json();