Ero Copper Corp.
ERO · Metal Mining · EDGAR filings ↗
Grade
B82High-margin, cash-generative copper miner with top-decile returns but exposed to commodity cyclicality and a recent earnings decline.
Strengths
- Top-decile profitability: net margin (100th pct), OCF margin (100th), operating margin (88.9th), ROA 13.9% (94.8th)
- Strong cash generation and growth: FCF margin 16.8% (91.7th), revenue growth 67% (83rd), ROE 28% (75th)
Risks
- Net income fell ~5% YoY (3.4th pct) and margins are leveraged to volatile copper prices
- Liquidity only mid-pack (current ratio 1.06, quick 0.65) for a capital-intensive single-commodity miner
Notable findings
- Strong balance sheetStrong balance sheet — $105M cash & investments
Key metrics
Gross margin
43.9%
Operating margin
34.4%
Net margin
34.0%
Return on equity
28.5%
Return on assets
13.9%
Revenue growth (QoQ)
67.1%
Interest coverage
8.1×
Current ratio
1.1×
Free cash flow
$132M
Tangible book value
$938M
Cash & investments
$105M
Recent filings
| Form | Filed | Period | Accession |
|---|---|---|---|
| 40-F | 2026-03-30 | 2025-12-31 | 0001628280-26-022073 ↗ |
| 40-F | 2025-03-06 | 2024-12-31 | 0001628280-25-010994 ↗ |
| 40-F | 2024-03-07 | 2023-12-31 | 0001628280-24-009701 ↗ |
| 40-F | 2023-03-08 | 2022-12-31 | 0001628280-23-006809 ↗ |
| 40-F | 2022-03-11 | 2021-12-31 | 0001628280-22-005818 ↗ |