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Friday 6 November 2026 Export ERO’s income statement to Excel — free account

Ero Copper Corp.

ERO Basic Materials Copper

Ero Copper Corp.’s revenue for fiscal 2025 (year ended December 2025) was $785.8 million, up 67.1% from fiscal 2024.

Revenue
+110.4%
EPS
+35.1%
Free cash flow
+441.3%
Total debt
−9.59%

Quarter to March 2026, against a year earlier

28.30 2.52 −8.18%
Market cap
$2.9B
P/E
10.1×
Fwd P/E
6.5×
Dividend yield
—
F-score
8/9
Altman Z
3.21
Beneish M
−2.01
Dividend safety
n/a
Overview
Financials
Income Statement Balance Sheet Cash Flow Metrics & Ratios

Insider Decisions last twelve months

Trades a month
Jan 26 Apr 26 Jul 26 Oct 26
Buy — — — — — — — — — — — —
Sell — — — — — — — — — — — —
Insider Ownership 2.16%

Capital & Financial Ratios $m

Size
Market Cap 2,930.00
Revenue ttm 923.93
Net income ttm 295.59
Free cash flow ttm 138.74
Net debt Q 497.19
Valuation
P/E 10.07
Forward P/E 6.51
Price / sales 3.19
Forward P/S Powerpack
Price / FCF 21.27
Price / book 2.68
Financial health
Current ratio Q 1.30
Debt / equity Q 0.53
Interest coverage Q 8.33
Growth
Revenue growth Q +110.39% (above 0%: growing)
Operating income growth Q +114.57% (above 0%: growing)
EPS, this year +90.88% (at or above 15%: strong)
EPS, next year A +20.02% (at or above 15%: strong)
Revenue, next year A +61.61% (at or above 10%: strong)
EPS, past 5 yrs +35.20% (at or above 15%: strong)
EPS, next 5 yrs A +29.28% (at or above 15%: strong)

Green and red mark values outside typical ranges; (Q) is the latest quarter, (A) analysts’ estimates. How we judge →

Valuation vs history

EV/Sales, ten years
EV/Sales is 3.7×, against a ten-year median of 4.2×; over the ten years it ranged from 1.6× in 2022 to 6.1× in 2019.
P/E against its own 10 years 27.05%
10-year low 10-year high
P/S against its own 10 years 30.85%
10-year low 10-year high
P/B against its own 10 years 32.27%
10-year low 10-year high
EV/Sales against its own 10 years 26.70%
10-year low 10-year high
EV/FCF against its own 10 years 33.94%
10-year low 10-year high

Dividends

Yield
—
Annual rate
—
Payout ratio
—

Assets vs Liabilities $m

2023 2024 2025 Q'26
Cash 112 50 105 91
Receivables 6 21 41 48
Inventory 42 42 107 108
Other 39 29 23 43
199 142 276 290
2023 2024 2025 Q'26
Payables 121 102 154 148
ST’ Debt 20 46 56 39
Other 1 18 7 8
174 212 261 224

Compound Annual Growth %

10y 5y 3y
Sales — 19.38% 22.61%
Cash Flow — 19.40% 40.20%
Earnings — 38.57% 37.33%
Book Value — 34.37% 20.04%

Earnings Trends EPS, adjusted, against the consensus

Sep 2026 Estimate 1.05 Actual 1.22

Earnings per share against the consensus, by quarter
Quarter Estimate Reported Result
Dec 2025 1.06 1.04 Miss by 0.02
Mar 2026 0.56 0.69 Beat by 0.13
Jun 2026 0.82 0.83 Beat by 0.01
Sep 2026 1.05 1.22 Beat by 0.17
Dec 2026 1.11 — Reports 4 March 2027

EPS $

Mar Jun Sep Dec Year
’26 1.04 — — — —
’25 0.77 0.68 0.35 0.74 2.53
’24 (0.07) (0.52) 0.39 (0.47) (0.66)
’23 0.26 0.32 0.03 0.37 0.98
’22 0.57 0.26 0.04 0.24 1.10
’21 0.34 0.89 0.28 0.65 2.21
’20 (0.62) 0.08 0.34 0.71 0.56
Fiscal quarters ending in the months shown.

Revenue $m

Mar Jun Sep Dec Year
’26 263 — — — —
’25 125 164 177 320 786
’24 106 117 125 123 470
’23 101 105 105 116 427
’22 109 115 86 117 426
’21 123 121 112 135 490
’20 68 71 94 91 324
Fiscal quarters ending in the months shown.

Operating Cash Flow $m

Mar Jun Sep Dec Year
’26 93 — — — —
’25 65 90 110 129 395
’24 17 15 53 61 145
’23 16 55 42 49 163
’22 44 22 43 34 143
’21 62 85 151 67 365
’20 37 42 44 39 163
Fiscal quarters ending in the months shown.

Free Cash Flow $m

Mar Jun Sep Dec Year
’26 32 — — — —
’25 6 19 34 54 113
’24 (91) (61) (25) (16) (192)
’23 (70) (71) (80) (77) (298)
’22 (11) (36) (52) (53) (152)
’21 36 49 89 9 183
’20 9 12 17 7 45
Fiscal quarters ending in the months shown.

Target Price Range

Analyst price targets

Recommendation Rating

2.1
1Buy 2 3Hold 4 5Sell

Ten years at a glance Fiscal years to December

Ten-year view Analyst estimates Powerpack
Group Line 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 TTM Mar ’26 Trend 10 yrs 2026e 2027e 2028e Next 3/yr
Income, $m
Income, $m Revenue — 148 233 285 324 490 426 427 470 786 924 +23.2% 1,270 1,389 1,394 +21.0%
Gross margin, % 0.00 12.15 35.27 41.10 58.05 65.08 43.90 36.69 38.39 43.85 42.75 +43.9 pt
EBT (3) 2 3 75 61 237 126 112 (75) 331 363 n/m
EBT margin, % 0.00 1.33 1.14 26.27 18.95 48.36 29.64 26.28 (16.04) 42.11 39.27 +42.1 pt
Net income (3) 17 (3) 92 52 203 103 94 (68) 267 296 n/m
Per share, $
Per share, $ Revenue 0.00 2.64 2.78 3.34 3.75 5.53 4.70 4.54 4.56 7.58 8.86 n/m
Earnings (0.43) 0.31 (0.04) 1.08 0.60 2.27 1.12 0.99 (0.66) 2.54 2.81 n/m
Cash flow (1.30) 0.62 0.99 1.50 1.89 4.11 1.58 1.73 1.41 3.81 4.05 n/m
Capex 0.00 (1.14) (1.21) (1.25) (1.36) (2.05) (3.26) (4.89) (3.27) (2.72) (2.72) n/m
Free cash flow (1.30) (0.52) (0.22) 0.25 0.52 2.06 (1.68) (3.16) (1.86) 1.09 1.33 n/m
Book value 3.55 2.31 1.24 2.34 2.48 4.46 5.97 8.60 5.73 9.05 10.56 +10.9%
Shares, m 7 56 84 85 86 89 91 94 103 104 104 +35.1%
Valuation, ×
Valuation, × P/E — 0.00 0.00 16.87 27.97 6.65 12.30 16.07 0.00 11.14 10.07 10.1
P/S — 0.00 2.63 5.45 4.32 2.73 2.93 3.47 2.96 3.73 3.19 3.1
P/B — 0.00 5.91 7.80 6.54 3.38 2.31 1.83 2.35 3.13 2.68 3.7
EV/Sales — 0.00 3.19 5.93 4.65 2.59 3.18 4.22 4.14 4.38 3.73 3.6
EV/FCF — 0.00 (40.79) 78.40 33.46 6.95 (8.90) (6.07) (10.14) 30.56 24.85 9.3
Cash, $m
Cash, $m Operating cash flow (9) 35 83 128 163 365 143 163 145 395 422 n/m
Capex 0 (64) (101) (106) (118) (182) (296) (461) (338) (282) (284) +124.1%
Free cash flow (9) (29) (18) 22 45 183 (152) (298) (192) 113 139 n/m
Balance, $m
Balance, $m Working capital (128) 43 (9) (5) 36 86 263 26 (70) 15 66 n/m
Net debt 143 86 130 137 106 (68) 105 323 559 511 497 +15.2%
Shareholders’ equity 25 130 104 199 214 395 542 809 591 938 1,101 +49.9%
Returns, %
Returns, % ROA (0.83) 6.37 (0.85) 22.33 10.76 33.88 10.85 6.87 (4.61) 15.60 15.63 +16.4 pt
ROIC 0.00 (1.68) 13.36 14.60 29.52 52.02 12.53 5.25 5.92 11.68 12.50 +11.7 pt
ROE (3.94) 29.69 (2.74) 60.67 24.99 65.97 21.72 13.73 (9.78) 34.50 32.12 +38.4 pt
People
People Employees — — 2,138 2,138 2,457 2,864 2,864 3,374 3,690 3,547 — +7.5%
Revenue/emp, $m — 0.00 0.11 0.13 0.13 0.17 0.15 0.13 0.13 0.22 — n/m
Negative figures in brackets.
estimates

All 10 years →

Fiscal years to Dec 2025 · latest quarter Mar 2026

Ero Copper Corp. vs peers in Copper (Q) = latest quarter vs a year earlier

Company Market cap P/E Fwd P/E Revenue growth (Q) EPS growth (Q) FCF growth (Q) Gross margin (Q) EBIT margin (Q) Compare
SCCO Southern Copper Corporation $141.1B 21.7× 22.2× +39.06% (above 0%: growing) +59.26% (above 0%: growing) +41.15% (above 0%: growing) 65.95% 59.94% Compare
FCX Freeport-McMoRan Inc. $83.2B 28.7× 19.6× +8.23% (above 0%: growing) +28.30% (above 0%: growing) +25.50% (above 0%: growing) 33.75% 31.18% Compare
HBM HudBay Minerals Inc $9.1B 12.2× 13.7× +17.69% (above 0%: growing) +13.33% (above 0%: growing) +4.51% (above 0%: growing) 42.61% 34.80% Compare
ERO Ero Copper Corp. $2.9B 10.1× 6.5× +110.39% (above 0%: growing) +35.06% (above 0%: growing) +441.33% (above 0%: growing) 40.25% 35.04%
IE Ivanhoe Electric Inc. $1.1B — (loss-making) — (loss-making) +29.91% (above 0%: growing) n/m −57.43% (below 0%: shrinking) 54.10% (4,071.05%) Compare
LCU Lion Copper Corp. $70.2M — (loss-making) — — n/m −376.65% (below 0%: shrinking) — 0.00% Compare
COPR Idaho Copper Corporation $23.1M — (loss-making) — — n/m −2,323.48% (below 0%: shrinking) 0.00% 0.00% Compare
Median of peers $5.1B 21.7× 19.6× +23.80% +28.30% −26.46% 42.61% 15.59%

All 7 Copper stocks →

Ero Copper Corp. (ERO) Latest News

3 Nov

Impact 3 · · MarketBeat transcript
Impact 3 · · Simply Wall St.
Impact 3 · · The Motley Fool transcript
Impact 3 · · Moby transcript

2 Nov

Impact 3 · · GlobeNewswire

26 Oct

Impact 3 · · Simply Wall St.

25 Oct

Impact 4 · · The Motley Fool

6 Oct

Impact 3 · · Simply Wall St.

14 Aug

Impact 4 ·

12 Aug

Impact 3 · · The Motley Fool transcript

11 Aug

Impact 4 ·

8 Aug

Impact 4 · · MarketBeat transcript

5 Aug

Impact 3 ·

4 Aug

Impact 3 ·

19 Jun

Impact 3 ·

10 Jun

Impact 4 · · MT Newswires
Impact 4 · · GlobeNewswire

14 May

Impact 3 · · Simply Wall St.

7 May

Impact 4 · · Insider Monkey

6 May

Impact 3 · · MarketBeat

4 May

Impact 4 · · GlobeNewswire
Impact 4 · · The Motley Fool transcript

30 Apr

Impact 3 · · Zacks

8 Apr

Impact 3 · · GuruFocus.com

30 Mar

Impact 4 · · GlobeNewswire

7 Mar

Impact 4 · · Simply Wall St.

6 Mar

Impact 4 · · GuruFocus.com
Impact 4 · · MarketBeat

5 Mar

Impact 4 ·
Impact 3 · · MT Newswires

ERO metrics, ten years each

stockrow.com/ERO · Data as of Mar 31, 2026 · For information only; not investment advice. · © 2026 stockrow.com