Ero Copper Corp. (ERO) Income Statement
ERO 2025 at a glance
Fiscal year ended December 31, 2025 · U.S. dollarsERO revenue and net income
Where ERO's revenue goes
2025Each bar shows an amount and its share of revenue. ERO kept 33.6% of revenue as net income.
ERO profit margins
ERO growth rates
to 2025| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Revenue | +70.0% | +23.3% | +19.8% | — |
| Gross profit | +91.4% | +22.7% | +12.9% | — |
| Operating income | +123.5% | +28.4% | +11.9% | — |
| Net income | — | +38.1% | +39.0% | — |
| EPS (diluted) | +171.8% | +32.6% | +11.1% | — |
1-year change and average annual growth (CAGR) over 3, 5 and 10 fiscal years. "—" when a starting value was zero or negative.
ERO quarterly EPS vs estimates
Ero Copper beat the analyst EPS estimate in 5 of the last 8 quarters. Next report: November 2, 2026 (estimate $1.28).
ERO income statement
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $799.6M | $470.3M | $427.5M | $426.4M | $489.9M | $324.1M | $284.8M | $233.1M | $148.2M | $0 |
| Cost of revenue | $454.1M | $289.7M | $270.6M | $239.2M | $171.1M | $135.9M | $167.8M | $150.9M | $130.2M | $843,729 |
| Gross profit | $345.5M | $180.6M | $156.8M | $187.2M | $318.9M | $188.1M | $117.1M | $82.2M | $18.0M | −$843,729 |
| Sales, general & admin | $72.5M | $57.9M | $61.6M | $57.1M | $46.4M | $36.9M | $38.6M | $31.8M | $15.6M | $4.6M |
| Total operating expenses | $75.2M | $59.6M | $61.6M | $59.6M | $47.8M | $188.1M | $38.6M | $36.0M | $20.5M | $4.6M |
| Operating income | $270.3M | $121.0M | $95.2M | $127.6M | $271.1M | $154.1M | $78.5M | $46.2M | −$7.6M | −$5.5M |
| Interest income | $5.4M | $4.3M | $12.5M | $10.3M | $24.1M | $1.3M | $701,000 | $1.3M | $2.1M | $1.9M |
| Interest expense | $22.1M | $1.8M | $12.8M | $21.1M | $5.6M | $11.9M | $15.1M | $15.0M | $21.1M | $0 |
| Income before taxes | $336.7M | −$75.4M | $112.4M | $126.4M | $236.9M | $61.4M | $74.8M | $2.7M | $1.9M | −$3.5M |
| Income taxes | $65.2M | −$7.7M | $18.0M | $23.3M | $34.3M | $8.9M | −$17.6M | $5.7M | −$16.3M | −$119,544 |
| Net income | $268.3M | −$68.5M | $92.8M | $101.8M | $201.1M | $51.6M | $91.9M | −$3.2M | $22.5M | −$3.0M |
| EBITDA | $498.9M | $194.0M | $222.6M | $206.5M | $289.8M | $110.9M | $138.8M | $91.5M | $63.0M | −$1.6M |
| EPS (diluted) | $2.12 | $0.78 | $1.03 | $0.91 | $2.33 | $1.25 | $0.89 | $0.26 | $0.01 | −$0.16 |
| Gross margin | 43.2% | 38.4% | 36.7% | 43.9% | 65.1% | 58.1% | 41.1% | 35.3% | 12.1% | — |
| Operating margin | 33.8% | 25.7% | 22.3% | 29.9% | 55.3% | 47.5% | 27.5% | 19.8% | −5.1% | — |
| Net margin | 33.6% | −14.6% | 21.7% | 23.9% | 41.0% | 15.9% | 32.3% | −1.4% | 15.2% | — |
| Jun '26 | Mar '26 | Dec '25 | Sep '25 | Jun '25 | Mar '25 | Dec '24 | Sep '24 | Jun '24 | Mar '24 | Dec '23 | Sep '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $284.3M | $259.5M | $325.1M | $177.1M | $163.5M | $125.1M | $122.5M | $124.8M | $117.1M | $105.8M | $116.4M | $105.2M |
| Cost of revenue | $162.9M | $156.2M | $159.5M | $118.6M | $96.2M | $69.6M | $70.2M | $71.1M | $73.8M | $74.6M | $74.6M | $69.7M |
| Gross profit | $121.4M | $103.3M | $165.6M | $58.5M | $67.3M | $55.5M | $52.4M | $53.7M | $43.3M | $31.2M | $41.9M | $35.5M |
| Sales, general & admin | $13.2M | $13.3M | $22.4M | $19.3M | $19.0M | $12.2M | $5.7M | $17.2M | $23.5M | $17.6M | $12.2M | $12.8M |
| Total operating expenses | $14.4M | $13.2M | $22.8M | $20.4M | $19.3M | $13.4M | $387,000 | $19.9M | $28.6M | $18.7M | $13.3M | $35.5M |
| Operating income | $107.0M | $90.2M | $142.8M | $38.1M | $48.0M | $42.1M | $52.0M | $33.9M | $14.7M | $12.5M | $28.5M | $19.0M |
| Interest income | $1.4M | $1.1M | $2.2M | $1.2M | $1.1M | $838,000 | $690,000 | $781,000 | $1.4M | $1.5M | $2.0M | $3.0M |
| Interest expense | $5.3M | $8.2M | $8.5M | $8.3M | $631,000 | $3.3M | $454,000 | $463,000 | $452,000 | $3.3M | $4.0M | $6.5M |
| Income before taxes | $110.1M | $125.4M | $103.8M | $49.3M | $84.1M | $95.4M | −$54.8M | $49.7M | −$61.7M | −$8.7M | $45.5M | $2.0M |
| Income taxes | $19.3M | $17.6M | $23.8M | $12.8M | $13.1M | $14.7M | −$5.9M | $8.3M | −$8.3M | −$1.9M | $8.4M | −$807,000 |
| Net income | $89.5M | $107.3M | $78.2M | $36.0M | $70.5M | $80.2M | −$48.9M | $40.9M | −$53.2M | −$7.1M | $35.6M | $2.8M |
| EBITDA | $153.9M | $170.0M | $160.1M | $101.2M | $110.0M | $114.6M | −$34.1M | $71.7M | −$38.9M | $15.1M | $71.1M | $5.5M |
| EPS (diluted) | $0.83 | $0.69 | $1.04 | $0.27 | $0.46 | $0.35 | $0.17 | $0.27 | $0.18 | $0.16 | $0.37 | $0.18 |
| Gross margin | 42.7% | 39.8% | 50.9% | 33.0% | 41.2% | 44.4% | 42.7% | 43.0% | 37.0% | 29.5% | 36.0% | 33.7% |
| Operating margin | 37.6% | 34.7% | 43.9% | 21.5% | 29.3% | 33.7% | 42.4% | 27.1% | 12.5% | 11.8% | 24.5% | 18.1% |
| Net margin | 31.5% | 41.3% | 24.0% | 20.3% | 43.1% | 64.1% | −39.9% | 32.7% | −45.5% | −6.7% | 30.5% | 2.7% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported in ERO's financial statements (latest annual report filed March 30, 2026); data from EODHD. Sales, general & administrative expenses include sales and marketing.
ERO financial results
In fiscal year 2025 (ended December 31, 2025), Ero Copper reported revenue of $799.6 million, up 70.0% from the year before. It had net income of $268.3 million, a net profit margin of 33.6%. Diluted earnings per share came to $2.12. Over five years revenue grew at an average rate of 19.8% a year.
See the ERO stock overview for the latest quote and news, or the ERO chart for price history and technical indicators.
ERO income statement FAQ
What is Ero Copper's annual revenue?
Ero Copper reported total revenue of $799.6 million for fiscal year 2025, which ended on December 31, 2025. That was up 70.0% from $470.3 million the previous year.
Is Ero Copper profitable?
Yes. Ero Copper reported net income of $268.3 million in fiscal 2025, a net profit margin of 33.6%; its operating margin was 33.8%.
What is Ero Copper's gross margin?
Ero Copper's gross margin was 43.2% in fiscal 2025: for every $100 of revenue, Ero Copper kept $43 after the direct cost of its products and services.
How fast is Ero Copper growing?
Revenue grew 19.8% a year on average over the last five fiscal years, from $324.1 million to $799.6 million.
What are Ero Copper's earnings per share?
Ero Copper earned $2.12 per diluted share in fiscal 2025, compared with $0.78 a year earlier.
When will Ero Copper report its next earnings?
Ero Copper is expected to report results for the quarter ending September 30, 2026 on November 2, 2026 after the market closes.
When does Ero Copper's fiscal year end?
Ero Copper's fiscal year ends in December. The latest annual report covers the year ended December 31, 2025 and was filed on March 30, 2026.