NEXA

MKT CAP:$2B

Nexa Resources S.A.

Market Cap

$2B

Basic Materials·Industrial Materials·🇱🇺 Luxembourg·NYSE

Materials·Industrial·🇱🇺·NYSE

Stock Price

$14.87+$6.08 (+69.17%)

Apr 22, 2026

Company Details

Nexa Resources S.A., together with its subsidiaries, engages in the zinc mining and smelting business. The company also produces zinc, silver, gold, copper cement, lead, sulfuric acid, sulfur dioxide, copper sulfate, and limestone deposits....

CEO

Juan Ignacio Rosado Gomez de La Torre

IPO Date

Oct 27, 2017

Website

www.nexaresources.com

Key Metrics TTM

Revenue

$3.1B

+10.5% YoY

Net Income

$16M

EPS (Diluted)

$0.12

Free Cash Flow

$521M

Revenue / Share

$23.39

Gross Margin

19.3%

Operating Margin

15.6%

Net Margin

0.5%

FCF Margin

16.8%

P/S

0.6x

P/E

119.1x

Earnings Reports

Q1 2026

May 5, 2026

PENDING

FY 2025

Dec 30, 2025

$3.0B+8.2%EPS $1.00

Q4 2025

Feb 26, 2026

$896M+20.9%EPS $0.38

Q3 2025

Oct 30, 2025

$752M+5.9%EPS $0.52

FY 2024

Mar 27, 2025

$2.8BEPS -$1.55

Revenue & Profitability

Quarter	Revenue	Gross Profit	Operating Income
Q1 16	$394M	$79M	$30M
Q3 20	$538M	$141M	$25M
Q1 21	$603M	$174M	$121M
Q2 21	$686M	$217M	$171M
Q3 21	$655M	$148M	$87M
Q3 22	$703M	$85M	$39M
Q4 22	$780M	$84M	-$42M
Q1 23	$667M	$100M	$44M
Q3 24	$709M	$127M	$85M
Q4 24	$741M	$143M	$122M
Q3 25	$752M	$125M	$81M
Q4 25	$896M	$204M	$198M

Valuation

Quarter	P/S	P/E
Q1 16	—	—
Q3 20	—	—
Q1 21	—	—
Q2 21	0.5x	7.9x
Q3 21	0.4x	11.7x
Q3 22	0.3x	10.3x
Q4 22	0.3x	—
Q1 23	0.3x	—
Q3 24	0.3x	—
Q4 24	0.4x	—
Q3 25	0.2x	—
Q4 25	0.4x	73.7x

Operating Cash Flow

Quarter	Operating CF	Free CF
Q1 16	$100M	$61M
Q3 20	$165M	$91M
Q1 21	$95M	$12M
Q2 21	$196M	$92M
Q3 21	$61M	-$61M
Q3 22	$12M	-$68M
Q4 22	$111M	-$2M
Q1 23	-$56M	-$112M
Q3 24	$133M	$80M
Q4 24	$242M	$175M
Q3 25	$192M	$97M
Q4 25	$307M	$169M

Capital Expenditures

Quarter	CapEx
Q1 16	$39M
Q3 20	$74M
Q1 21	$83M
Q2 21	$104M
Q3 21	$121M
Q3 22	$80M
Q4 22	$113M
Q1 23	$57M
Q3 24	$53M
Q4 24	$67M
Q3 25	$95M
Q4 25	$138M

CapEx

OpEx vs Revenue Growth (YoY)

Quarter	Revenue Growth	OpEx Growth
Q3 21	+66.1%	+55.7%
Q3 22	+30.7%	+29.5%
Q4 22	+29.3%	+70.5%
Q1 23	-2.8%	+21.0%
Q3 24	+8.3%	+10.0%
Q4 24	+5.4%	-6.8%
Q3 25	-3.6%	-18.4%
Q4 25	+34.3%	+11.9%

Stock-Based Compensation

Quarter	SBC ($)	% of Revenue
Q1 16	$0	0.0%
Q3 20	$0	0.0%
Q1 21	$0	0.0%
Q2 21	$0	0.0%
Q3 21	$0	0.0%
Q3 22	$0	0.0%
Q4 22	$0	0.0%
Q1 23	$0	0.0%
Q3 24	$0	0.0%
Q4 24	$0	0.0%
Q3 25	$0	0.0%
Q4 25	$0	0.0%

OpEx Breakdown

Quarter	G&A	S&M	SG&A
Q1 16	$24M	$21M	—
Q3 20	—	—	$37M
Q1 21	$35M	—	—
Q2 21	$33M	—	—
Q3 21	$37M	—	—
Q3 22	$31M	—	—
Q4 22	$40M	—	—
Q1 23	$28M	—	—
Q3 24	$29M	—	—
Q4 24	$29M	—	—
Q3 25	—	—	$35M
Q4 25	—	—	$40M

War Chest

Quarter	Cash	Short-term Investments	Total
Q1 22	$576M	$23M	$599M
Q2 22	$605M	$28M	$633M
Q3 22	$518M	$20M	$538M
Q4 22	$498M	$18M	$516M
Q1 23	$366M	$9M	$375M
Q2 23	$401M	$21M	$421M
Q3 23	$414M	$8M	$422M
Q4 23	$457M	$11M	$468M
Q1 24	$313M	$11M	$324M
Q2 24	$462M	$12M	$474M
Q3 24	$513M	$12M	$525M
Q4 24	$621M	$20M	$640M
Q1 25	$395M	$6M	$401M
Q2 25	$412M	$5M	$418M
Q3 25	$465M	$6M	$470M
Q4 25	$516M	$6M	$522M

Shares Outstanding

Quarter	Shares (Diluted)	QoQ Change	YoY Change
Q1 16	113M	—	—
Q3 20	132M	+17.4%	—
Q1 21	132M	0.0%	—
Q2 21	132M	0.0%	—
Q3 21	132M	0.0%	+17.4%
Q3 22	132M	0.0%	0.0%
Q4 22	132M	0.0%	0.0%
Q1 23	132M	0.0%	0.0%
Q3 24	132M	0.0%	0.0%
Q4 24	132M	-0.0%	-0.0%
Q3 25	132M	+0.0%	0.0%
Q4 25	132M	+0.0%	+0.0%

Shares Outstanding

Revenue Per Employee

Period	Revenue/Employee	Employees
Q1 16	—	—
Q3 20	$93.3K	6K
Q1 21	$112.7K	5K
Q2 21	$128.3K	5K
Q3 21	$122.5K	5K
Q3 22	$120.3K	6K
Q4 22	$138.6K	6K
Q1 23	$118.6K	6K
Q3 24	$122.9K	6K
Q4 24	$141.0K	5K
Q3 25	$143.1K	5K
Q4 25	$170.6K	5K

Revenue / Employee