Ero Copper Corp. (ERO)
Ero Copper Corp. is a base metals mining enterprise engaged in the exploration, development, and operation of various projects throughout Brazil. The company produces and markets copper concentrate from its MCSA Mining Complex, located in the Curaçá Valley of northeastern Bahia state, with gold and silver recovered as secondary products. Additionally, Ero Copper Corp. possesses full ownership of the Boa Esperança property, a copper development venture in southeastern Pará state, and the NX Gold property in Mato Grosso state. Founded in 2016, the company's headquarters are situated in Vancouver, Canada.
Sector: Metal Mining
Industry: Copper
Ero Copper Corp.
NYSE:EROBasic Materials · Copper
+2.74%$28.86
CLOSED · Nov 6Prev close$28.09+2.74%Close$28.860.00%AH close$28.86
AH$28.86+0.00%vs close
Mkt Cap$3.01B
Float103.36M
O/S104.42M
VOL1M sh
$ Vol$28.73M
RVOL0.69×
Inst Own66.8%
Dilution
Financials Summary
Revenue$799.6M
Net Income$268.34M
Total Assets$1.92B
Free Cash Flow$91.22M
Debt & Equity
Debt 40%
Equity 60%
Total Debt$631.2M
Total Equity$933.83M
Shares Outstanding
Short Interest
Split History
No splits on record
Nothing in ERO's public trading history: no forward or reverse split has affected the share count.
Balance Sheet Details
Assets$1.92B
Liabilities$984.22M
Accounts Receivable$49.38M
Accounts Payable$92.12M
Inventory$110.55M
PP&E (Net)$1.57B
Goodwill$0
Intangible Assets$0
Income Statement
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD |
| Period Ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 | 2017-12-31 | 2016-12-31 |
| Revenue | $799.6M | $470.26M | $427.48M | $426.39M | $489.92M | $324.08M | $284.84M | $233.1M | $148.24M | $0 |
| YoY Growth | 70.0% | 10.0% | 0.3% | -13.0% | 51.2% | 13.8% | 22.2% | 57.2% | - | - |
| Cost of Revenue | $454.09M | $289.71M | $270.63M | $239.22M | $171.06M | $135.94M | $167.78M | $150.88M | $130.23M | $844K |
| Gross Profit | $345.51M | $180.55M | $156.84M | $187.18M | $318.86M | $188.14M | $117.06M | $82.23M | $18.01M | -$844K |
| Gross Margin | 43.2% | 38.4% | 36.7% | 43.9% | 65.1% | 58.1% | 41.1% | 35.3% | 12.1% | - |
| Research and Development | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Selling, General, and Administrative | $75.18M | $57.9M | $61.65M | $57.08M | $46.41M | $36.85M | $38.61M | $31.75M | $15.65M | $4.62M |
| Other | $0 | $1.68M | $0 | $2.5M | $1.36M | $151.28M | $0 | $108K | $1.79M | $0 |
| Total Operating Expenses | $75.18M | $59.58M | $61.65M | $59.58M | $47.77M | $188.14M | $38.61M | $35.99M | $20.5M | $4.62M |
| Operating Income (EBIT) | $270.33M | $120.97M | $95.2M | $127.59M | $271.09M | $0 | $78.45M | $46.23M | -$7.56M | -$5.46M |
| Operating Margin | 33.8% | 25.7% | 22.3% | 29.9% | 55.3% | - | 27.5% | 19.8% | -5.1% | - |
| Interest Expense | $22.06M | $1.81M | $12.78M | $21.13M | $5.59M | $11.94M | $15.07M | $14.96M | $21.07M | $0 |
| Interest Income | $5.47M | $4.3M | $2.12M | $10.29M | $2.99M | $1.42M | $717K | $1.3M | $2.36M | $0 |
| Other Income (Expense) | $66.42M | -$196.41M | $17.15M | -$1.21M | -$34.17M | $61.42M | -$3.63M | -$43.57M | $8.16M | $2M |
| Income Before Tax (EBT) | $336.75M | -$75.44M | $112.35M | $126.38M | $236.92M | $61.42M | $74.83M | $2.66M | $1.95M | -$3.47M |
| Income Tax Expense | $65.17M | -$7.65M | $18.05M | $23.32M | $34.29M | $8.93M | -$17.63M | $5.65M | -$16.34M | -$120K |
| Net Income | $268.34M | -$68.47M | $92.8M | $101.83M | $201.05M | $51.62M | $91.88M | -$3.15M | $22.47M | -$3.01M |
| Net Income Margin | 33.6% | -14.6% | 21.7% | 23.9% | 41.0% | 15.9% | 32.3% | -1.4% | 15.2% | - |
| Supplementary Data | ||||||||||
| EPS | 2.59 | -0.66 | 0.99 | 1.12 | 2.27 | 0.60 | 1.08 | -0.04 | 0.34 | -0.06 |
| Diluted EPS | 2.58 | -0.66 | 0.98 | 1.10 | 2.21 | 0.56 | 1.01 | -0.04 | 0.34 | -0.06 |
| Weighted Average OS | 103.68M | 103.11M | 94.11M | 90.79M | 88.60M | 86.37M | 85.24M | 83.93M | 66.00M | 48.53M |
| EBITDA | $498.88M | $193.99M | $222.62M | $206.48M | $289.8M | $110.92M | $142.7M | $62.92M | $56.1M | -$1.59M |
| EBITDA Margin | 62.4% | 41.3% | 52.1% | 48.4% | 59.2% | 34.2% | 50.1% | 27.0% | 37.8% | - |
Balance Sheet
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD |
| Period Ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 | 2017-12-31 | 2016-12-31 |
| Assets | ||||||||||
| Current Assets | ||||||||||
| Cash and Cash Equivalents | $105.25M | $50.4M | $111.74M | $177.7M | $130.13M | $62.51M | $22.98M | $18.94M | $51.1M | $18.32M |
| Short-Term Investments | $0 | $0 | $0 | $139.7M | $0 | $0 | $0 | $0 | $0 | $0 |
| Cash and Short-Term Investments | $105.25M | $50.4M | $111.74M | $317.4M | $130.13M | $62.51M | $22.98M | $18.94M | $51.1M | $18.32M |
| Accounts Receivable | $49.38M | $40.26M | $28.27M | $32.78M | $45.81M | $36.4M | $27.38M | $11.16M | $3.91M | $504K |
| Inventory | $110.55M | $42.09M | $42.25M | $30.95M | $26.02M | $26M | $20.42M | $14.64M | $8.48M | $5.18M |
| Other Current Assets | $10.53M | $5.88M | $16.91M | $9.91M | $5.87M | $0 | $0 | $7.96M | $33M | $24.85M |
| Total Current Assets | $275.71M | $141.79M | $199.49M | $392.43M | $208.69M | $127.54M | $75.56M | $50.95M | $97.89M | $54.41M |
| Long-Term Assets | ||||||||||
| Property, Plant & Equipment Net | $1.57B | $1.27B | $1.28B | $770.96M | $477.47M | $333.7M | $339.52M | $306.37M | $280.66M | $242.65M |
| Goodwill | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $17.77M |
| Intangible Assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Long-Term Investments | $12.97M | $0 | $0 | $0 | $0 | $0 | $0 | $686K | $753K | -$7.48M |
| Deferred Tax Assets | $3.04M | $16.66M | $1.31M | $0 | $2.31M | $14.22M | $13.1M | $7.97M | $10.99M | $7.48M |
| Other Long-Term Assets | $57.46M | $29.73M | $28.95M | $24.69M | $1.29M | $21.63M | $34.49M | $3.12M | $2.79M | $3.13M |
| Total Long-Term Assets | $1.64B | $1.32B | $1.31B | $795.65M | $481.08M | $369.56M | $387.11M | $309.49M | $283.45M | $263.55M |
| Other Assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Assets | $1.92B | $1.46B | $1.51B | $1.19B | $689.76M | $497.1M | $462.67M | $360.44M | $381.34M | $317.95M |
| Liabilities | ||||||||||
| Current Liabilities | ||||||||||
| Accounts Payable | $92.12M | $58.07M | $74.88M | $47.87M | $25.4M | $14.48M | $21.81M | $19.01M | $13.33M | $5.27M |
| Short-Term Debt | $71.86M | $45.89M | $20.38M | $15.7M | $4.34M | $13.94M | $22.14M | $10.6M | $5.6M | $108.14M |
| Current Income Tax Payable | $0 | $11.84M | $13.14M | $13.47M | $16.86M | $0 | $0 | $11.36M | $6.86M | $18.32M |
| Current Unearned Revenue | $12.78M | $31.71M | $17.16M | $16.58M | $10.51M | $0 | $0 | $1.92M | $14.49M | $37.44M |
| Other Current Liabilities | $43.2M | $43.83M | $26.98M | $21.59M | $52.31M | $45.38M | $16.46M | $2.86M | $28.76M | $65.9M |
| Total Current Liabilities | $260.24M | $211.71M | $173.8M | $129.12M | $122.66M | $91.72M | $80.48M | $60.27M | $55.33M | $185.13M |
| Long-Term Liabilities | ||||||||||
| Long-Term Debt | $550.4M | $556.3M | $405.85M | $402.35M | $54.91M | $155.56M | $140.39M | $141.63M | $133.56M | $53.99M |
| Long-Term Unearned Revenue | $92.78M | $48.23M | $58.39M | $69.48M | $83.71M | $0 | $0 | $38.1M | $45.39M | $28.8M |
| Long-Term Deferred Tax Liabilities | $10.71M | $0 | $10.86M | $6.23M | $0 | $0 | $0 | $15.81M | $16.66M | $17.64M |
| Other Long-Term Liabilities | $61.15M | $43.74M | $44.84M | $33.99M | $30.6M | $35.4M | $42.26M | $16.62M | $17.31M | $25.66M |
| Total Long-Term Liabilities | $723.98M | $655.25M | $528.56M | $516.79M | $171.61M | $191.3M | $183.13M | $196.35M | $196.26M | $108.46M |
| Other Liabilities | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Liabilities | $984.22M | $866.95M | $702.36M | $645.91M | $294.27M | $283.02M | $263.62M | $256.62M | $251.6M | $293.58M |
| Stockholders' Equity | ||||||||||
| Preferred Stock | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Common Stock | $297.95M | $286.55M | $271.34M | $148.06M | $133.07M | $126.15M | $120.49M | $117.94M | $113.05M | $27.82M |
| Retained Earnings | $743.42M | $481.06M | $549.53M | $456.73M | $354.89M | $153.84M | $102.22M | $10.34M | $14.01M | -$3.05M |
| Comprehensive Income & Other | -$114.86M | -$180.47M | -$16.62M | -$66.19M | -$94.91M | -$82.93M | -$33.57M | -$24.75M | -$83K | $7K |
| Other Stockholders' Equity | -$107.54M | -$180.47M | -$16.62M | -$66.19M | -$94.91M | -$67.29M | -$24.49M | -$24.75M | $2.93M | $7K |
| Total Equity | $933.83M | $587.13M | $804.25M | $538.59M | $393.06M | $212.7M | $198.22M | $103.53M | $129.99M | $24.78M |
| Minority Interest | $2.32M | $3.94M | $5.08M | $3.57M | $2.43M | $1.37M | $835K | $296K | -$243K | -$405K |
| Total Liabilities and Equity | $1.92B | $1.45B | $1.51B | $1.18B | $687.33M | $495.73M | $461.84M | $360.14M | $381.59M | $318.36M |
| Supplementary Data | ||||||||||
| Total Debt | $631.2M | $620.07M | $445.84M | $429.02M | $66.36M | $169.85M | $163.02M | $152.23M | $139.17M | $162.12M |
| Net Debt | $525.95M | $569.67M | $334.1M | $251.32M | -$63.77M | $107.34M | $140.03M | $133.29M | $88.07M | $143.81M |
Cash Flow Statement
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD |
| Period Ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 | 2017-12-31 | 2016-12-31 |
| Operating Activities | ||||||||||
| Net Income | $268.34M | -$67.79M | $94.51M | $103.07M | $202.63M | $52.5M | $92.45M | -$2.99M | $18.29M | -$2.95M |
| Depreciation & Amortization | $140.07M | $87.41M | $91.93M | $58.97M | $47.29M | $39.35M | $46.17M | $45.3M | $38.14M | $844K |
| Deferred Income Tax | $24.78M | -$7.65M | $18.05M | $23.32M | $34.29M | $39K | -$39.21M | $5.65M | -$16.61M | -$120K |
| Stock-Based Compensation | $0 | $9.98M | $9.22M | $7.93M | $7.85M | $9.06M | $5.79M | $3.23M | $879K | $0 |
| Changes in Working Capital: | ||||||||||
| Accounts Receivable | -$22.77M | -$13.98M | $6.92M | -$1.87M | -$12.18M | -$13.27M | -$756K | -$4.62M | -$2.28M | $23K |
| Inventory | -$42.37M | -$12.59M | -$5.27M | -$1.71M | -$2.33M | -$6.36M | -$5.95M | -$5.22M | -$2.4M | -$123K |
| Accounts Payable | $18.45M | $0 | $1.7M | $0 | $10.37M | -$3.88M | $11.6M | $6.86M | -$5.1M | $0 |
| Other Working Capital | -$5.95M | $881K | -$11.72M | -$14.45M | -$10.96M | $13.98M | -$6.47M | -$2.67M | -$3.99M | -$3.66M |
| Total Working Capital Change | -$52.64M | -$25.69M | -$8.37M | -$18.03M | -$15.1M | -$9.53M | -$1.57M | -$5.66M | -$13.77M | -$4.12M |
| Other Non-Cash Items | -$21.98M | $149.16M | -$42.23M | -$31.87M | $87.63M | $71.42M | $24.2M | $37.42M | -$5.69M | -$930K |
| Net Cash from Operating | $358.57M | $145.42M | $163.1M | $143.39M | $364.59M | $162.84M | $127.83M | $82.94M | $21.24M | -$9.08M |
| Investing Activities | ||||||||||
| Capital Expenditures | -$287.38M | -$337.59M | -$460.65M | -$295.82M | -$181.83M | -$117.81M | -$106.27M | -$101.17M | -$58.19M | -$200K |
| Acquisitions | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | -$4.96M | $129K |
| Purchases of Investments | $0 | $0 | -$40M | -$139.7M | $0 | $0 | $0 | $0 | $0 | $0 |
| Sales of Investments | $0 | $2.2M | $192.48M | $9.71M | $2.31M | $0 | $0 | $0 | $0 | $0 |
| Other Investing Activities | $3.92M | $0 | $0 | $0 | $0 | $1.25M | -$467K | $198K | $832K | $197K |
| Net Cash from Investing | -$283.47M | -$335.38M | -$308.17M | -$425.81M | -$179.53M | -$116.56M | -$106.74M | -$100.97M | -$62.32M | -$70K |
| Financing Activities | ||||||||||
| Debt Repaid | - | -$159.1M | $4.77M | -$338.42M | $112.61M | -$7.24M | $7.52M | -$14.12M | -$40.8M | - |
| Common Stock Issuance | $7.38M | $0 | $104.33M | $0 | $0 | $4.4M | $1.94M | $1.64M | $83.7M | $26.99M |
| Common Stock Repurchases | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Dividends Paid | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Financing Activities | -$27.38M | -$27.94M | -$21.8M | -$11.12M | -$2.82M | -$11.35M | -$12.44M | -$23.09M | -$64.7M | $27.31M |
| Net Cash from Financing | -$17.29M | $131.16M | $77.75M | $327.3M | -$115.43M | $288K | -$18.02M | -$7.33M | $72.33M | $27.31M |
| Forex Effect | -$2.93M | -$2.53M | $1.35M | $2.69M | -$2.01M | -$5.55M | -$524K | -$6.84M | $1.52M | -$92K |
| Net Change in Cash | $54.88M | -$61.34M | -$65.96M | $47.57M | $67.62M | $41.02M | $2.54M | -$32.21M | $32.78M | $18.07M |
| Supplementary Data | ||||||||||
| Operating Cash Flow | $358.57M | $145.42M | $163.1M | $143.39M | $364.59M | $162.84M | $127.83M | $82.94M | $21.24M | -$9.08M |
| Capital Expenditure | -$267.35M | -$337.59M | -$460.65M | -$295.82M | -$181.83M | -$117.81M | -$106.27M | -$101.17M | -$58.19M | -$200K |
| Free Cash Flow | $91.22M | -$192.17M | -$297.55M | -$152.43M | $182.76M | $45.03M | $21.56M | -$18.23M | -$36.95M | -$9.28M |
| Cash at Beginning | $50.37M | $111.74M | $177.7M | $130.13M | $62.51M | $21.48M | $18.94M | $51.15M | $18.32M | $252K |
| Cash at End | $105.25M | $50.4M | $111.74M | $177.7M | $130.13M | $62.51M | $21.48M | $18.94M | $51.1M | $18.32M |