ERO (Ero Copper Corp.) Stock Financials & Earnings | Market Cap Arena

ERO (Ero Copper Corp.) Stock Financials & Earnings | Market Cap Arena

EROEro Copper Corp.

Mkt Cap$3B

Basic Materials·Copper·🇨🇦 Canada·NYSE

Revenue (TTM)$791M

Net Income (TTM)$265M

EPS (TTM)$2.54

Free Cash Flow (TTM)$107M

Gross Margin43.9%

Op. Margin34.3%

Net Margin33.5%

FCF Margin13.5%

P/S Ratio (TTM)3.8x

P/E Ratio (TTM)11.3x

YoY Rev Growth+68.2%

Employees—

Earnings Reports

Revenue & Profitability

Quarter	Revenue	Gross Profit	Op. Income
Q1 23	$101M	$39M	$22M
Q2 23	$106M	$39M	$20M
Q3 23	$105M	$35M	$0
Q4 23	$116M	$42M	$29M
Q1 24	$106M	$31M	$12M
Q2 24	$117M	$43M	$15M
Q3 24	$125M	$54M	$34M
Q4 24	$123M	$52M	$52M
Q1 25	$125M	$56M	$42M
Q2 25	$164M	$67M	$48M
Q3 25	$177M	$58M	$38M
Q4 25	$325M	$166M	$143M

Revenue Breakdown

Valuation

Quarter	P/S	P/E
Q1 23	7.2x	40.6x
Q2 23	7.4x	37.3x
Q3 23	6.9x	37.7x
Q4 23	6.9x	32.2x
Q1 24	6.9x	48.7x
Q2 24	6.7x	—
Q3 24	6.4x	186.0x
Q4 24	6.3x	—
Q1 25	6.1x	157.8x
Q2 25	5.6x	20.9x
Q3 25	5.1x	21.6x
Q4 25	3.8x	11.3x

Operating Cash Flow

Quarter	Operating CF	Free CF
Q1 23	$16M	-$70M
Q2 23	$55M	-$71M
Q3 23	$42M	-$80M
Q4 23	$49M	-$77M
Q1 24	$17M	-$91M
Q2 24	$15M	-$61M
Q3 24	$53M	-$25M
Q4 24	$61M	-$16M
Q1 25	$65M	$6M
Q2 25	$90M	$19M
Q3 25	$98M	$24M
Q4 25	$134M	$58M

Capital Expenditures

CapEx

Quarter	CapEx
Q1 23	$86M
Q2 23	$127M
Q3 23	$121M
Q4 23	$126M
Q1 24	$108M
Q2 24	$75M
Q3 24	$78M
Q4 24	$77M
Q1 25	$60M
Q2 25	$71M
Q3 25	$74M
Q4 25	$76M

OpEx vs Revenue Growth (YoY)

Quarter	Revenue Growth	OpEx Growth
Q1 23	-8.4%	+26.2%
Q2 23	-6.7%	+15.6%
Q3 23	+29.7%	+40.1%
Q4 23	-0.4%	+6.2%
Q1 24	+4.8%	+18.5%
Q2 24	+10.1%	+19.3%
Q3 24	+18.7%	-13.5%
Q4 24	+5.3%	-19.7%
Q1 25	+18.2%	-11.1%
Q2 25	+39.6%	+12.8%
Q3 25	+41.9%	+52.8%
Q4 25	+165.3%	+158.3%

Stock-Based Compensation

Quarter	SBC ($)	% of Revenue
Q1 23	$5M	5.0%
Q2 23	$5M	4.6%
Q3 23	-$1M	-1.1%
Q4 23	$477K	0.4%
Q1 24	$7M	6.2%
Q2 24	$6M	5.2%
Q3 24	$5M	3.9%
Q4 24	-$7M	-6.1%
Q1 25	$1M	0.9%
Q2 25	$8M	4.7%
Q3 25	$0	0.0%
Q4 25	$0	0.0%

OpEx Breakdown

Quarter	G&A	S&M	SG&A
Q1 23	—	—	$17M
Q2 23	—	—	$18M
Q3 23	$13M	—	—
Q4 23	$12M	—	—
Q1 24	$18M	—	—
Q2 24	$17M	—	—
Q3 24	$17M	—	—
Q4 24	$6M	—	—
Q1 25	$12M	—	—
Q2 25	$19M	—	—
Q3 25	$13M	$7M	—
Q4 25	—	—	$23M

War Chest

Quarter	Cash	Short-term Investments	Total
Q1 23	$210M	$27M	$237M
Q2 23	$124M	$56M	$180M
Q3 23	$45M	$43M	$88M
Q4 23	$112M	$0	$112M
Q1 24	$52M	$0	$52M
Q2 24	$45M	$0	$45M
Q3 24	$20M	$0	$20M
Q4 24	$50M	$0	$50M
Q1 25	$81M	$0	$81M
Q2 25	$68M	$0	$68M
Q3 25	$66M	$0	$66M
Q4 25	$105M	$0	$105M

Shares Outstanding

Shares Outstanding

Quarter	Shares (Diluted)	QoQ Change
Q1 23	93M	+0.7%
Q2 23	94M	+0.5%
Q3 23	94M	+0.4%
Q4 23	99M	+5.1%
Q1 24	103M	+4.0%
Q2 24	103M	+0.3%
Q3 24	104M	+0.9%
Q4 24	104M	-0.5%
Q1 25	104M	+0.4%
Q2 25	104M	+0.0%
Q3 25	104M	+0.1%
Q4 25	105M	+0.6%