Saturday 17 October 2026 Export ERO’s income statement to Excel — free account

Ero Copper Corp.

Ero Copper Corp.’s revenue for fiscal 2025 (year ended December 2025) was $785.8 million, up 67.1% from fiscal 2024. In the quarter to March 2026, revenue grew 110.4%, EPS grew 35.1%, free cash flow grew 441.3% and total debt fell 9.59%, each against the same quarter a year earlier. Revenue growth for three consecutive years.

34.16 0.59 −1.70%

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Market cap: $3.6B
P/E: 12.2×
Fwd P/E: 5.9×
Dividend yield: —
F-score: 8/9
Altman Z: 3.21
Beneish M: −2.01
Dividend safety: n/a

Overview Business Profile Financial Analysis Income Statement Balance Sheet Cash Flow Metrics & Ratios 10-Q 10-K

Insider Decisions trades per month

	Dec 25			Mar 26			Jun 26			Sep 26
Buy	—	—	—	—	—	—	—	—	—	—	—	—
Sell	—	—	—	—	—	—	—	—	—	—	—	—

Insider Ownership 2.16%

Capital & Financial Ratios $m

Market Cap 3,620.00

Revenue 923.93

Net Income 295.59

Free Cash Flow 138.74

Net Debt 497.19

Current Ratio 1.30

Debt/Equity 0.53

P/E ratio 12.16

Fwd P/E 5.92

P/S ratio 3.85

P/B ratio 3.23

Past 5Y EPS Growth 35.20%

This Y EPS Growth 90.86%

Next Y EPS Growth 19.82%

Next Y revenue growth 59.64%

Next 5Y EPS Growth 29.66%

Green and red mark values outside typical ranges. How we judge →

Valuation vs history

EV/Sales, ten years

P/E against its own 10 years 33.97%

10-year low 10-year high

P/S against its own 10 years 52.14%

10-year low 10-year high

P/B against its own 10 years 50.12%

10-year low 10-year high

EV/Sales against its own 10 years 52.50%

10-year low 10-year high

EV/FCF against its own 10 years 41.76%

10-year low 10-year high

Dividends

Payout Ratio —

Annual Dividend Rate —

Annual Dividend Yield —

	total	individual payouts
2028	Powerpack
2027	Powerpack
2026	Powerpack
2025	Powerpack
2023	Powerpack
2022	Powerpack
2021	Powerpack

predictions special payouts not included in total or ratios

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%

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.

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.

Group	Line	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025	2026e
Price, $
Price, $	Low	—	3.88	5.75	7.17	5.93	13.33	8.07	11.35	12.78	9.30	Analyst estimates 2026–2028 Powerpack
	High	—	5.96	9.17	19.20	18.22	25.99	16.72	24.38	24.34	29.03
People
People	Employees	—	—	2,138	2,138	2,457	2,864	2,864	3,374	3,690	3,547
	Revenue/emp, $m	—	0.00	0.11	0.13	0.13	0.17	0.15	0.13	0.13	0.22
Income, $m
Income, $m	Revenue	—	148	233	285	324	490	426	427	470	786
	Gross margin, %	0.00	12.15	35.27	41.10	58.05	65.08	43.90	36.69	38.39	43.85
	EBT	(3)	2	3	75	61	237	126	112	(75)	331
	EBT margin, %	0.00	1.33	1.14	26.27	18.95	48.36	29.64	26.28	(16.04)	42.11
	Net income	(3)	17	(3)	92	52	203	103	94	(68)	267
	Depreciation	1	38	45	46	39	40	44	66	69	102
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
	Earnings	(0.43)	0.31	(0.04)	1.08	0.60	2.27	1.12	0.99	(0.66)	2.54
	Cash flow	(1.30)	0.62	0.99	1.50	1.89	4.11	1.58	1.73	1.41	3.81
	Capex	0.00	(1.14)	(1.21)	(1.25)	(1.36)	(2.05)	(3.26)	(4.89)	(3.27)	(2.72)
	Free cash flow	(1.30)	(0.52)	(0.22)	0.25	0.52	2.06	(1.68)	(3.16)	(1.86)	1.09
	Book value	3.55	2.31	1.24	2.34	2.48	4.46	5.97	8.60	5.73	9.05
	Shares, m	7	56	84	85	86	89	91	94	103	104
Valuation, ×
Valuation, ×	P/E	—	0.00	0.00	16.87	27.97	6.74	12.30	16.07	0.00	11.14
	P/S	—	0.00	2.63	5.45	4.32	2.77	2.93	3.47	2.96	3.73
	P/B	—	0.00	5.91	7.80	6.54	3.43	2.31	1.83	2.35	3.13
	EV/Sales	—	0.00	3.19	5.93	4.65	2.63	3.18	4.22	4.14	4.38
	EV/FCF	—	0.00	(40.79)	78.40	33.46	7.04	(8.90)	(6.07)	(10.14)	30.56
Cash, $m
Cash, $m	Operating cash flow	(9)	35	83	128	163	365	143	163	145	395
	Capex	0	(64)	(101)	(106)	(118)	(182)	(296)	(461)	(338)	(282)
	Free cash flow	(9)	(29)	(18)	22	45	183	(152)	(298)	(192)	113
Balance, $m
Balance, $m	Working capital	(128)	43	(9)	(5)	36	86	263	26	(70)	15
	Total debt	161	139	152	160	168	62	423	435	609	616
	Net debt	143	86	130	137	106	(68)	105	323	559	511
	Shareholders’ equity	25	130	104	199	214	395	542	809	591	938
Returns, %
Returns, %	ROA	(0.83)	6.37	(0.85)	22.33	10.76	33.88	10.85	6.87	(4.61)	15.60
	ROIC	0.00	(1.68)	13.36	14.60	29.52	52.02	12.53	5.25	5.92	11.68
	ROE	(3.94)	29.69	(2.74)	60.67	24.99	65.97	21.72	13.73	(9.78)	34.50

Negative figures in brackets.

All 10 years →

Fiscal years to Dec 2025 · latest quarter Mar 2026

Charts ten years each

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	$170.3B	29.3×	23.5×	+40.58% (above 0%: growing)	+64.75% (above 0%: growing)	+111.27% (above 0%: growing)	67.60%	61.16%	Compare
FCX Freeport-McMoRan Inc.	$100.7B	34.1×	26.2×	−7.29% (below 0%: shrinking)	+28.30% (above 0%: growing)	+1.07% (above 0%: growing)	31.10%	28.50%	Compare
HBM HudBay Minerals Inc	$10.8B	13.9×	14.4×	+17.69% (above 0%: growing)	+13.33% (above 0%: growing)	+4.51% (above 0%: growing)	42.61%	34.80%	Compare
ERO Ero Copper Corp.	$3.6B	12.2×	5.9×	+110.39% (above 0%: growing)	+35.06% (above 0%: growing)	+441.33% (above 0%: growing)	40.25%	35.04%
IE Ivanhoe Electric Inc.	$1.4B	— (loss-making)	— (loss-making)	−32.21% (below 0%: shrinking)	n/m	−88.00% (below 0%: shrinking)	50.83%	(2,966.85%)	Compare
Median of peers	$55.7B	29.3×	23.5×	+5.20%	+28.30%	+2.79%	46.72%	31.65%

All 5 Copper stocks →

Ero Copper Corp. (ERO) key facts

Strength: Ero Copper Corp.’s revenue for fiscal 2025 (year ended December 2025) was $785.8 million, up 67.1% from fiscal 2024.
Ero Copper Corp. (ERO) is a Copper company in the Basic Materials sector, listed on the New York Stock Exchange.
As of October 16, 2026, ERO traded at $34.16, a market capitalization of $3.6 billion.
Return on equity was 34.5% and debt-to-equity 0.53.
Its Piotroski F-score is 8 out of 9 and its Altman Z-score is 3.21 (safe zone) for fiscal 2025.

Source: company filings (standardised) and stockrow calculations.