Southern Copper (SCCO) | Financial Analysis & Statements
Southern Copper Corporation Large-cap Basic Materials
TL;DR: Financial Overview - Revenue, Profits & Key Metrics
Latest Quarterly: Dec 2025Income Metrics
Revenue
3.9B
Gross Profit
2.2B
56.01%
Operating Income
2.1B
54.54%
Net Income
1.3B
33.89%
EPS (Diluted)
$1.55
Balance Sheet Metrics
Total Assets
21.4B
Total Liabilities
10.3B
Shareholders Equity
11.1B
Debt to Equity
0.93
Cash Flow Metrics
Operating Cash Flow
1.1B
Free Cash Flow
1.1B
Revenue & Profitability Trend
Quarter Income Flow
Dec 31, 2025
Annual Income Flow
2025
Southern Copper Income Statement From 2021 to 2025
| Metric | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Revenue | 13.4B | 11.4B | 9.9B | 10.0B | 10.9B |
| Cost of Goods Sold | 6.2B | 5.7B | 5.5B | 5.4B | 4.7B |
| Gross Profit | 7.2B | 5.7B | 4.4B | 4.6B | 6.2B |
| Gross Margin % | 53.6% | 50.3% | 44.2% | 45.8% | 57.0% |
| Operating Expenses | |||||
| Research & Development | - | - | - | - | - |
| Selling, General & Administrative | 137.8M | 130.5M | 127.2M | 125.0M | 125.2M |
| Other Operating Expenses | 52.8M | 60.9M | 55.0M | 41.7M | 43.4M |
| Total Operating Expenses | 190.6M | 191.4M | 182.2M | 166.7M | 168.6M |
| Operating Income | 7.0B | 5.6B | 4.2B | 4.4B | 6.1B |
| Operating Margin % | 52.2% | 48.6% | 42.4% | 44.1% | 55.5% |
| Non-Operating Items | |||||
| Interest Income | 199.7M | 131.4M | 86.6M | 35.0M | 7.2M |
| Interest Expense | 369.3M | 334.1M | 326.7M | 340.1M | 357.1M |
| Other Non-Operating Income | -47.7M | 5.5M | 3.6M | 117.1M | -18.4M |
| Pre-tax Income | 6.8B | 5.4B | 4.0B | 4.2B | 5.7B |
| Income Tax | 2.5B | 2.0B | 1.5B | 1.6B | 2.3B |
| Effective Tax Rate % | 36.4% | 36.9% | 38.4% | 37.6% | 40.4% |
| Net Income | 4.3B | 3.4B | 2.4B | 2.6B | 3.4B |
| Net Margin % | 32.4% | 29.6% | 24.6% | 26.4% | 31.2% |
| Key Metrics | |||||
| EBITDA | 8.0B | 6.5B | 5.1B | 5.4B | 6.9B |
| EPS (Basic) | $5.20 | $4.18 | $3.09 | $3.36 | $4.32 |
| EPS (Diluted) | $5.20 | $4.18 | $3.09 | $3.36 | $4.32 |
| Basic Shares Outstanding | 833626100 | 808713588 | 785514625 | 785514625 | 785514625 |
| Diluted Shares Outstanding | 833626100 | 808713588 | 785514625 | 785514625 | 785514625 |
Income Statement Trend
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Southern Copper Balance Sheet From 2021 to 2025
| Metric | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Assets | |||||
| Current Assets | |||||
| Cash & Equivalents | 4.3B | 3.3B | 1.2B | 2.1B | 3.0B |
| Short-term Investments | 604.6M | 245.3M | 599.3M | 208.3M | 486.9M |
| Accounts Receivable | 2.0B | 1.2B | 1.2B | 1.5B | 1.4B |
| Inventory | 1.1B | 1.0B | 1.0B | 1.0B | 972.9M |
| Other Current Assets | 31.4M | 31.5M | 38.1M | 44.4M | 33.5M |
| Total Current Assets | 8.4B | 6.2B | 4.4B | 5.2B | 6.1B |
| Non-Current Assets | |||||
| Property, Plant & Equipment | 700.8M | 739.5M | 775.4M | 851.4M | 916.3M |
| Goodwill | 91.4M | 91.7M | 95.1M | 97.0M | 97.6M |
| Intangible Assets | 7.6M | 7.9M | 11.3M | 13.2M | 13.8M |
| Long-term Investments | - | - | - | - | - |
| Other Non-Current Assets | 1.8B | 1.7B | 1.5B | 1.4B | 1.5B |
| Total Non-Current Assets | 13.0B | 12.5B | 12.3B | 12.1B | 12.2B |
| Total Assets | 21.4B | 18.7B | 16.7B | 17.3B | 18.3B |
| Liabilities | |||||
| Current Liabilities | |||||
| Accounts Payable | 861.5M | 615.2M | 652.6M | 657.6M | 591.9M |
| Short-term Debt | 86.5M | 581.6M | 78.0M | 77.3M | 373.6M |
| Current Portion of Long-term Debt | - | - | - | - | - |
| Other Current Liabilities | 100.0K | 100.0K | - | - | - |
| Total Current Liabilities | 2.1B | 2.2B | 1.4B | 1.2B | 2.2B |
| Non-Current Liabilities | |||||
| Long-term Debt | 7.3B | 6.4B | 7.0B | 7.0B | 7.1B |
| Deferred Tax Liabilities | 130.5M | 124.5M | 132.2M | 161.2M | 118.3M |
| Other Non-Current Liabilities | 105.7M | 35.6M | 66.2M | 82.4M | 68.3M |
| Total Non-Current Liabilities | 8.1B | 7.2B | 7.9B | 7.9B | 7.8B |
| Total Liabilities | 10.3B | 9.5B | 9.2B | 9.1B | 10.1B |
| Equity | |||||
| Common Stock | 8.8M | 8.8M | 8.8M | 8.8M | 8.8M |
| Retained Earnings | 5.8B | 6.8B | 7.0B | 7.7B | 7.8B |
| Treasury Stock | 2.0B | 2.7B | 3.1B | 3.1B | 3.1B |
| Other Equity | - | - | - | - | - |
| Total Shareholders Equity | 11.1B | 9.2B | 7.5B | 8.1B | 8.2B |
| Key Metrics | |||||
| Total Debt | 7.4B | 7.0B | 7.0B | 7.1B | 7.5B |
| Working Capital | 6.2B | 3.9B | 3.0B | 4.0B | 3.9B |
Balance Sheet Composition
Southern Copper Cash Flow Statement From 2021 to 2025
| Metric | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Operating Activities | |||||
| Net Income | 4.3B | 3.4B | 2.4B | 2.6B | 3.4B |
| Depreciation & Amortization | 868.4M | 845.9M | 833.6M | 796.3M | 806.0M |
| Stock-Based Compensation | - | - | - | - | - |
| Working Capital Changes | -838.9M | -147.0M | 157.9M | -122.2M | -367.5M |
| Operating Cash Flow | 4.4B | 4.0B | 3.4B | 3.5B | 3.8B |
| Investing Activities | |||||
| Capital Expenditures | - | - | - | - | - |
| Acquisitions | - | - | - | - | - |
| Investment Purchases | -2.1B | -611.8M | -808.7M | -486.2M | -1.7B |
| Investment Sales | 1.7B | 965.8M | 417.7M | 764.7M | 1.6B |
| Investing Cash Flow | -359.3M | 354.0M | -389.8M | 281.7M | -80.6M |
| Financing Activities | |||||
| Share Repurchases | - | - | - | - | - |
| Dividends Paid | -2.5B | -1.6B | -3.1B | -2.7B | -2.5B |
| Debt Issuance | 993.8M | - | - | - | 0 |
| Debt Repayment | -500.0M | 0 | 0 | -300.0M | 0 |
| Financing Cash Flow | -2.0B | -1.6B | -3.1B | -3.0B | -2.5B |
| Free Cash Flow | 3.4B | 3.4B | 2.6B | 1.9B | 3.4B |
| Net Change in Cash | 2.0B | 2.7B | -83.0M | 744.7M | 1.2B |
Cash Flow Trend
Southern Copper Key Financial Ratios
Valuation Ratios
P/E Ratio (TTM)
35.12
Forward P/E
29.14
Price to Book
13.64
Price to Sales
11.22
PEG Ratio
0.60
Profitability Ratios
Profit Margin
32.30%
Operating Margin
54.54%
Return on Equity
42.75%
Return on Assets
21.83%
Financial Health
Current Ratio
3.89
Debt to Equity
66.76
Beta
1.17
Per Share Data
EPS (TTM)
$5.19
Book Value per Share
$13.36
Revenue per Share
$16.10
Peer Financial Comparison
| Company | Market Cap | P/E Ratio | P/B Ratio | ROE | Profit Margin | Debt/Equity |
|---|---|---|---|---|---|---|
| SCCO | 150.6B | 35.12 | 13.64 | 42.75% | 32.30% | 66.76 |
| Freeport-McMoRan | 88.4B | 44.45 | 5.13 | 13.95% | 8.51% | 34.10 |
| Hudbay Minerals | 9.6B | 16.56 | 2.93 | 19.20% | 25.71% | 35.80 |
| Ero Copper | 2.8B | 10.66 | 3.00 | 34.91% | 33.56% | 67.42 |
| Taseko Mines | 2.6B | 20.36 | 4.62 | -4.69% | -4.47% | 95.93 |
| Ivanhoe Electric | 2.1B | -17.20 | 5.30 | -35.53% | 65.29% | 8.48 |
Financial data is updated regularly. All figures are in the company's reporting currency.






