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Southern Copper Corporation

SCCO Basic Materials Copper

Southern Copper Corporation’s revenue for fiscal 2025 (year ended December 2025) was $13.4 billion, up 17.4% from fiscal 2024.

Revenue
+39.1%
EPS
+59.3%
Free cash flow
+41.2%
Total debt
+18.5%

Quarter to September 2026, against a year earlier

166.70 1.32 +0.80%
Market cap
$141.1B
P/E
21.7×
Fwd P/E
22.2×
Dividend yield
3.16%
F-score
7/9
Altman Z
9.36
Beneish M
−2.09
Dividend safety
56/100
Overview Business Profile Earnings & Analysis
Financials
Income Statement Balance Sheet Cash Flow Metrics & Ratios
Segments Valuation Filings

Revenue by segment Fiscal 2025

  • Mexican Open-Pit
  • Peruvian Operations
  • Mexican IMMSA Unit

Every year since 2009 →

Insider Decisions last twelve months

Sold, $m 3.34
Trades a month
Jan 26 Apr 26 Jul 26 Oct 26
Buy — — — — — — — — — — — —
Sell 1 — 1 3 — 2 2 1 4 3 — —
Insider Ownership 89.89%

Capital & Financial Ratios $m

Size
Market Cap 141,120.00
Revenue ttm 17,106.80
Net income ttm 6,375.00
Free cash flow ttm 5,598.50
Net debt Q (67.00)
Valuation
P/E 21.73
Forward P/E 22.20
Price / sales 8.14
Forward P/S Powerpack
Price / FCF 24.86
Price / book 10.24 (above 6: high)
Financial health
Current ratio Q 4.31 (at or above 1.5: strong)
Debt / equity Q 0.59
Interest coverage Q 23.19
Growth
Revenue growth Q +39.06% (above 0%: growing)
Operating income growth Q +59.15% (above 0%: growing)
EPS, this year +56.97% (at or above 15%: strong)
EPS, next year A −5.13% (below 0%: weak)
Revenue, next year A +29.81% (at or above 10%: strong)
EPS, past 5 yrs +21.13% (at or above 15%: strong)
EPS, next 5 yrs A +12.56%

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 8.2×, against a ten-year median of 6.0×; over the ten years it ranged from 3.7× in 2020 to 13.6× in 2026.
P/E against its own 10 years 35.97%
10-year low 10-year high
P/S against its own 10 years 85.63%
10-year low 10-year high
P/B against its own 10 years 86.91%
10-year low 10-year high
EV/Sales against its own 10 years 84.67%
10-year low 10-year high
EV/FCF against its own 10 years 33.43%
10-year low 10-year high

Dividends raised 2 years running

Yield
3.16%
Annual rate
5.25
Payout ratio
68.7%
Growth, 2018–26
+15.6%/yr
  1. 1.37 ’18
  2. 1.57 ’19 +14
  3. 1.47 ’20 −6
  4. 3.13 ’21 +113
  5. 3.42 ’22 +9
  6. 3.91 ’23 +14
  7. 2.05 ’24 −48
  8. 3.73 ’25 +82
  9. 4.37 ’26 +17
paid change on the year, % Powerpack

Assets vs Liabilities $m

2023 2024 2025 Q'26
Cash 1,751 3,503 4,909 8,063
Receivables 1,228 1,244 2,023 2,445
Inventory 1,017 1,049 1,058 1,060
Other 38 32 31 20
4,430 6,174 8,353 11,859
2023 2024 2025 Q'26
Payables 653 615 862 993
ST’ Debt — 500 — —
Other — — — —
1,389 2,248 2,145 2,751

Compound Annual Growth %

10y 5y 3y
Sales 10.28% 10.94% 10.13%
Cash Flow 18.37% 11.29% 19.25%
Earnings 19.40% 22.52% 18.00%
Book Value 7.68% 8.82% 10.88%

Earnings Trends EPS, adjusted, against the consensus

Q3 FY26 Estimate 2.04 Actual 2.15

Earnings per share against the consensus, by quarter
Quarter Estimate Reported Result
Q4 FY25 1.46 1.56 Beat by 0.10
Q1 FY26 1.77 1.92 Beat by 0.15
Q2 FY26 1.97 2.01 Beat by 0.04
Q3 FY26 2.04 2.15 Beat by 0.11
Q4 FY26 2.17 — Reports 27 January 2027

EPS $

Mar Jun Sep Dec Year
’26 1.92 2.01 2.15 — —
’25 1.19 1.22 1.35 1.56 5.24
’24 0.94 1.22 1.15 1.01 4.33
’23 1.04 0.70 0.79 0.57 3.11
’22 1.01 0.55 0.66 1.16 3.37
’21 0.98 1.20 1.11 1.07 4.34
’20 0.28 0.34 0.64 0.75 2.01
Fiscal quarters ending in the months shown.

Revenue $m

Mar Jun Sep Dec Year
’26 4,251 4,289 4,697 — —
’25 3,122 3,051 3,377 3,870 13,420
’24 2,600 3,118 2,931 2,784 11,433
’23 2,794 2,301 2,506 2,296 9,896
’22 2,764 2,307 2,157 2,820 10,048
’21 2,533 2,897 2,681 2,824 10,934
’20 1,720 1,785 2,129 2,351 7,985
Fiscal quarters ending in the months shown.

Operating Cash Flow $m

Mar Jun Sep Dec Year
’26 1,695 1,989 2,224 — —
’25 721 977 1,560 1,494 4,752
’24 660 962 1,439 1,361 4,422
’23 1,185 797 1,050 541 3,573
’22 821 310 590 1,082 2,803
’21 783 1,062 1,221 1,228 4,292
’20 475 419 794 1,096 2,784
Fiscal quarters ending in the months shown.

Free Cash Flow $m

Mar Jun Sep Dec Year
’26 1,253 1,566 1,709 — —
’25 404 741 1,210 1,072 3,427
’24 446 630 1,193 1,125 3,394
’23 947 545 787 286 2,565
’22 616 85 362 791 1,854
’21 550 842 977 1,031 3,400
’20 374 306 659 852 2,191
Fiscal quarters ending in the months shown.

Valuation

The price implies free cash flow after share-based pay growing 8.4% a year for ten years.

Implied
8.4%
Open the model

Target Price Range

Analyst price targets

Recommendation Rating

3.8
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 Sep ’26 Trend 10 yrs 2026e 2027e 2028e Next 3/yr
Income, $m
Income, $m Revenue 5,380 6,655 7,097 7,286 7,985 10,934 10,048 9,896 11,433 13,420 17,107 +10.7% 17,421 16,804 16,979 +8.2%
Gross margin, % 43.60 51.12 51.96 50.50 50.78 64.38 53.73 52.63 57.66 60.07 65.17 +16.5 pt
EBT 1,256 2,303 2,589 2,427 2,746 5,697 4,248 3,956 5,357 6,784 9,861 +20.6%
EBT margin, % 23.35 34.60 36.49 33.31 34.39 52.10 42.28 39.97 46.86 50.55 57.65 +27.2 pt
Net income 779 732 1,548 1,492 1,578 3,411 2,648 2,435 3,389 4,348 6,375 +21.1%
Per share, $
Per share, $ Revenue 6.88 8.52 9.09 9.33 10.22 14.00 13.00 12.44 14.24 16.24 20.41 +10.0%
Earnings 0.99 0.93 1.98 1.90 2.01 4.34 3.37 3.11 4.33 5.24 7.64 +20.3%
Cash flow 1.18 2.53 2.86 2.45 3.56 5.50 3.63 4.49 5.51 5.75 8.83 +19.2%
Capex (1.43) (1.31) (1.44) (0.91) (0.76) (1.14) (1.23) (1.27) (1.28) (1.60) (2.15) +1.3%
Free cash flow (0.25) 1.22 1.43 1.54 2.81 4.35 2.40 3.22 4.23 4.15 6.68 n/m
Book value 7.51 7.87 8.47 8.78 9.31 10.51 10.54 9.41 11.51 13.43 16.22 +6.7%
Shares, m 782 781 781 781 781 781 773 795 803 827 829 +0.6%
Valuation, ×
Valuation, × P/E 32.07 51.48 15.38 22.12 32.08 14.02 18.02 26.96 21.09 26.97 21.73 26.0
P/S 4.66 5.68 3.35 4.51 6.31 4.36 4.69 6.73 6.40 8.84 8.14 5.6
P/B 4.27 6.15 3.60 4.79 6.92 5.81 5.79 8.91 7.92 10.68 10.24 6.5
EV/Sales 5.69 6.45 4.07 5.18 6.81 4.64 5.10 7.20 6.64 9.01 8.16 6.1
EV/FCF (156.63) 45.02 25.94 31.36 24.81 14.93 27.62 27.77 22.37 35.29 24.94 9.8
Cash, $m
Cash, $m Operating cash flow 923 1,977 2,235 1,912 2,784 4,292 2,803 3,573 4,422 4,752 7,402 +20.0%
Capex (1,118) (1,023) (1,121) (707) (592) (892) (948) (1,009) (1,027) (1,325) (1,803) +1.9%
Free cash flow (195) 953 1,114 1,204 2,191 3,400 1,854 2,565 3,394 3,427 5,599 n/m
Balance, $m
Balance, $m Working capital 1,567 2,002 1,964 2,708 3,430 3,890 3,952 3,041 3,926 6,207 9,109 +16.5%
Net debt 5,353 4,902 4,902 4,935 4,021 3,059 4,050 4,504 2,755 1,842 (67) (11.2%)
Shareholders’ equity 5,871 6,149 6,613 6,858 7,276 8,208 8,147 7,481 9,238 11,105 13,596 +7.3%
Returns, %
Returns, % ROA 6.01 5.39 10.99 9.68 9.42 19.28 14.83 14.26 19.06 21.62 27.68 +15.6 pt
ROIC 8.71 14.81 15.64 14.59 17.27 33.65 22.73 21.86 28.95 33.80 46.33 +25.1 pt
ROE 13.90 12.12 24.18 22.06 22.22 43.88 32.27 31.04 40.39 42.62 52.73 +28.7 pt
People
People Employees 13,414 13,140 13,899 14,301 13,777 14,700 15,018 15,810 16,133 16,617 — +2.4%
Revenue/emp, $m 0.40 0.51 0.51 0.51 0.58 0.74 0.67 0.63 0.71 0.81 — +8.1%
Negative figures in brackets.
estimates

All 10 years →

Fiscal years to Dec 2025 · latest quarter Sep 2026 · fundamentals updated 5 Nov 2026

Business profile

Updated

Southern Copper Corporation mines, processes and sells copper, along with molybdenum, zinc, silver and other metals. Its mining, smelting and refining facilities are in Peru and Mexico. It also explores for minerals in those countries, Argentina and Chile. The company was incorporated in Delaware in 1952, and Oscar Gonzalez Rocha is its president and chief executive officer.

The company operates across several stages of copper production. It mines ore, concentrates it and, at some facilities, smelts and refines it into copper cathodes. It also produces refined copper using a process called solvent extraction and electrowinning, or SX-EW. In Mexico, its facilities include a plant that makes copper rod. Its precious metals plants recover silver and gold, while other operations produce zinc and lead.

Where the money comes from and where it goes Fiscal 2025

Fiscal 2025: revenue by segment, and margins
Mexican Open-Pit 7,623 56.80%
Peruvian Operations 5,248 39.10%
Mexican IMMSA Unit 808 6.02%
Gross margin 60.07%
Operating margin 52.17%
Pre-tax margin 50.55%

Revenue by segment since 2009

Southern Copper Corporation 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%
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% Compare
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 $2.0B 12.2× 13.7× +23.80% +28.30% −26.46% 40.25% 15.59%

All 7 Copper stocks →

Largest institutional holders 13F, quarter to 30 June 2026

Held by institutions 8.91%
Held by the ten largest 4.38%
Holder Shares Stake Change
BlackRock 9.92m 1.19% +524.95k
Capital Group 8.48m 1.02% −1.40m
T. Rowe Price 3.14m 0.38% +279.14k
State Street 3.03m 0.36% +114.95k
Fisher Investments 2.79m 0.33% +480.89k
Neuberger Berman 2.53m 0.30% −78.51k
UBS 1.87m 0.22% −103.46k
Bank of America 1.83m 0.22% +500.62k
Goldman Sachs 1.55m 0.19% +100.45k
Morgan Stanley 1.39m 0.17% −27.29k
13F filings for the quarter to 30 June 2026: long positions in US-listed shares reported by managers with $100m or more, ~45 days after the quarter.

Pay and ownership Proxy statement filed 17 April 2026

Chief executive’s pay

Year Total pay Actually paid $100 invested
2025 1.30m 1.30m 64.80
2024 1.21m 1.21m 11.20
2023 1.17m 1.17m 49.10
2022 1.22m 1.22m 3.50
2021 1.46m 1.46m (0.30)
Total pay is as the Summary Compensation Table states it; actually paid revalues the year’s share awards at its end, as the SEC’s pay-versus-performance rule asks. $100 invested is what $100 in the company’s shares at the start of the earliest year shown was worth at each year’s end. Read the proxy statement

Southern Copper Corporation (SCCO) Latest News

2 Nov

Impact 3 · · The Motley Fool

29 Oct

Impact 3 · · Zacks

28 Oct

Impact 4 · · Zacks
Impact 3 · · Trefis
Impact 3 · · Zacks

23 Oct

Impact 4 · · TIKR
Impact 3 · · Trefis

22 Oct

Impact 4 · · MarketBeat
Impact 4 · · Zacks
Impact 4 · · Moby transcript
Impact 3 · · Simply Wall St.

21 Oct

Impact 3 · · Zacks
Impact 3 · · Associated Press

20 Oct

Impact 3 · · Trefis
Impact 3 · · Zacks

14 Oct

Impact 3 · · Zacks
Impact 3 · · Zacks

10 Oct

Impact 4 · · Simply Wall St.
Impact 3 · · Simply Wall St.

7 Oct

Impact 3 · · Zacks

1 Oct

Impact 3 · · Zacks
Impact 3 · · Zacks

29 Sep

Impact 4 · · Zacks

26 Sep

Impact 3 · · Simply Wall St.
Impact 3 · · Simply Wall St.

24 Sep

Impact 3 · · Zacks

21 Sep

Impact 3 · · Zacks

8 Sep

Impact 4 · · 24/7 Wall St.

7 Sep

Impact 3 ·

31 Aug

Impact 4 ·

SCCO metrics, ten years each

stockrow.com/SCCO · Data as of Nov 5, 2026 · For information only; not investment advice. · © 2026 stockrow.com