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. In the quarter to June 2026, revenue grew 40.6%, EPS grew 64.8%, free cash flow grew 111.3% and total debt rose 18.5%, each against the same quarter a year earlier. Operating cash flow growth for three consecutive years.
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Southern Copper Corporation (SCCO) Altman Z-score
Southern Copper Corporation's Altman Z-score for fiscal 2025 is 9.16, in the safe zone (above 2.99).
Altman Z-score, annual
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Annual newest first
| Period | Altman Z-score | Change (points) |
|---|---|---|
| FY2025 | 9.16 | 2.43 |
| FY2024 | 6.73 | 0.35 |
| FY2023 | 6.38 | 1.18 |
| FY2022 | 5.19 | (0.03) |
| FY2021 | 5.22 | 0.38 |
| FY2020 | 4.84 | 1.14 |
| FY2019 | 3.69 | 0.00 |
| FY2018 | 3.69 | (0.90) |
| FY2017 | 4.59 | 1.17 |
| FY2016 | 3.42 | 0.35 |
How fiscal 2025’s score is made up
| Component | This year | Year before | Result | Points |
|---|---|---|---|---|
| Working capital / total assets | 0.29 | — | 0.35 | |
| Retained earnings / total assets | 0.27 | — | 0.38 | |
| EBIT / total assets | 0.33 | — | 1.08 | |
| Market value of equity / total liabilities | 11.20 | — | 6.72 | |
| Sales / total assets | 0.63 | — | 0.63 | |
| Altman Z-score | Safe zone | 9.16 | ||
| Z″ Variant for non-manufacturing and asset-light companies (drops the sales/assets term, uses book equity) | Safe zone | 6.12 | ||
How the Altman Z-score works
Z = 1.2 × working capital ÷ total assets + 1.4 × retained earnings ÷ total assets + 3.3 × EBIT ÷ total assets + 0.6 × market value of equity ÷ total liabilities + 1.0 × revenue ÷ total assets (Altman, 1968). The market value of equity is the close on the last trading day of the fiscal year times weighted basic shares.
Z″ = 6.56 × working capital ÷ total assets + 3.26 × retained earnings ÷ total assets + 6.72 × EBIT ÷ total assets + 1.05 × book equity ÷ total liabilities (Altman, Hartzell and Peck, 1995), the variant for non-manufacturing and asset-light companies.
| Zone | Z | Z″ |
|---|---|---|
| Safe zone | above 2.99 | above 2.60 |
| Grey zone | 1.81–2.99 | 1.10–2.60 |
| Distress zone | below 1.81 | below 1.10 |
Not worked out for banks, insurers and REITs, whose balance sheets the model does not describe, nor when a figure is missing or there is no share price in the week to the fiscal year end.
Altman Z-score against peers
| Company | Altman Z-score |
|---|---|
| IE Ivanhoe Electric Inc. compare | 19.2× |
| SCCO Southern Copper Corporation | 9.2× |
| ERO Ero Copper Corp. compare | 3.2× |
| FCX Freeport-McMoRan Inc. compare | 2.6× |
| HBM HudBay Minerals Inc compare | 2.5× |
What Altman Z-score is
The Altman Z-Score weighs working capital, retained earnings, operating profit, market value and sales against assets and debts to gauge the risk of distress.
1.2 × working capital ÷ total assets + 1.4 × retained earnings ÷ total assets + 3.3 × EBIT ÷ total assets + 0.6 × market value of equity ÷ total liabilities + 1.0 × revenue ÷ total assets