SCCO

MKT CAP:$150B

Southern Copper Corporation

Market Cap

$150B

Basic Materials·Copper·🇺🇸 United States·NYSE

Materials·Copper·🇺🇸·NYSE

Stock Price

$181.74+$33.05 (+22.23%)

Apr 24, 2026

Company Details

Southern Copper Corporation engages in mining, exploring, smelting, and refining copper and other minerals in Peru, Mexico, Argentina, Ecuador, and Chile. The company is involved in the mining, milling, and flotation of copper ore to produc...

CEO

Raul Jacob Ruisanchez

IPO Date

Jan 5, 1996

Website

southerncoppercorp.com

Key Metrics TTM

Revenue

$12.3B

+12.7% YoY

Net Income

$3.8B

EPS (Diluted)

$4.73

Free Cash Flow

$3.5B

Revenue / Share

$14.99

Gross Margin

53.1%

Operating Margin

50.3%

Net Margin

31.0%

FCF Margin

28.2%

P/S

12.2x

P/E

39.2x

Earnings Reports

Q3 2025

Oct 31, 2025

$3.4B+15.2%EPS $1.34

Q2 2025

Jul 31, 2025

$3.1B-2.2%EPS $1.19

Q1 2025

Apr 30, 2025

$3.1B+20.1%EPS $1.19

FY 2024

Mar 3, 2025

$11.4B+15.5%EPS $4.21

Q4 2024

Mar 3, 2025

$2.8B+21.3%EPS $1.01

Revenue & Profitability

Quarter	Revenue	Gross Profit	Operating Income
Q4 21	$2.8B	$1.6B	$1.5B
Q1 22	$2.8B	$1.5B	$1.5B
Q2 22	$2.3B	$839M	$809M
Q3 22	$2.2B	$817M	$787M
Q4 22	$2.8B	$1.4B	$1.4B
Q1 23	$2.8B	$1.4B	$1.4B
Q2 23	$2.3B	$932M	$901M
Q3 23	$2.5B	$1.1B	$1.1B
Q4 23	$2.3B	$902M	$869M
Q1 24	$2.6B	$1.2B	$1.2B
Q2 24	$3.1B	$1.6B	$1.6B
Q3 24	$2.9B	$1.5B	$1.5B
Q4 24	$2.8B	$1.3B	$1.3B
Q1 25	$3.1B	$1.6B	$1.5B
Q2 25	$3.1B	$1.6B	$1.6B
Q3 25	$3.4B	$2.0B	$1.8B

Valuation

Quarter	P/S	P/E
Q4 21	4.2x	13.4x
Q1 22	5.1x	16.6x
Q2 22	3.6x	13.1x
Q3 22	3.6x	14.0x
Q4 22	5.1x	19.5x
Q1 23	5.7x	21.5x
Q2 23	5.4x	19.5x
Q3 23	5.3x	19.1x
Q4 23	6.4x	26.2x
Q1 24	8.3x	34.3x
Q2 24	7.8x	29.9x
Q3 24	8.1x	29.4x
Q4 24	6.2x	21.0x
Q1 25	6.3x	20.8x
Q2 25	6.9x	22.6x
Q3 25	7.9x	25.6x

Operating Cash Flow

Quarter	Operating CF	Free CF
Q4 21	$1.2B	$1.0B
Q1 22	$821M	$616M
Q2 22	$310M	$85M
Q3 22	$590M	$362M
Q4 22	$1.1B	$791M
Q1 23	$1.2B	$947M
Q2 23	$797M	$545M
Q3 23	$1.0B	$787M
Q4 23	$541M	$286M
Q1 24	$660M	$446M
Q2 24	$962M	$630M
Q3 24	$1.4B	$1.2B
Q4 24	$1.4B	$1.1B
Q1 25	$721M	$404M
Q2 25	$977M	$741M
Q3 25	$1.6B	$1.2B

Capital Expenditures

Quarter	CapEx
Q4 21	$197M
Q1 22	$205M
Q2 22	$225M
Q3 22	$228M
Q4 22	$291M
Q1 23	$238M
Q2 23	$253M
Q3 23	$263M
Q4 23	$255M
Q1 24	$214M
Q2 24	$332M
Q3 24	$246M
Q4 24	$235M
Q1 25	$318M
Q2 25	$236M
Q3 25	$349M

CapEx

OpEx vs Revenue Growth (YoY)

Quarter	Revenue Growth	OpEx Growth
Q4 21	+20.1%	+0.7%
Q1 22	+9.1%	+9.6%
Q2 22	-20.4%	+22.6%
Q3 22	-19.5%	+16.8%
Q4 22	-0.1%	+12.2%
Q1 23	+1.1%	+11.3%
Q2 23	-0.3%	-6.6%
Q3 23	+16.2%	+4.9%
Q4 23	-18.6%	-1.6%
Q1 24	-6.9%	-2.1%
Q2 24	+35.5%	+7.9%
Q3 24	+17.0%	+3.1%
Q4 24	+21.3%	+3.5%
Q1 25	+20.1%	+12.5%
Q2 25	-2.2%	-3.1%
Q3 25	+15.2%	+8.6%

Stock-Based Compensation

Quarter	SBC ($)	% of Revenue
Q4 21	$600.0K	0.0%
Q1 22	$400.0K	0.0%
Q2 22	$200.0K	0.0%
Q3 22	$400.0K	0.0%
Q4 22	$0	0.0%
Q1 23	$200.0K	0.0%
Q2 23	$100.0K	0.0%
Q3 23	$200.0K	0.0%
Q4 23	$700.0K	0.0%
Q1 24	$400.0K	0.0%
Q2 24	$100.0K	0.0%
Q3 24	-$300.0K	-0.0%
Q4 24	$0	0.0%
Q1 25	$0	0.0%
Q2 25	$0	0.0%
Q3 25	$0	0.0%

OpEx Breakdown

Quarter	SG&A
Q4 21	$32M
Q1 22	$30M
Q2 22	$31M
Q3 22	$30M
Q4 22	$34M
Q1 23	$30M
Q2 23	$31M
Q3 23	$33M
Q4 23	$33M
Q1 24	$31M
Q2 24	$34M
Q3 24	$31M
Q4 24	$35M
Q1 25	$32M
Q2 25	$33M
Q3 25	$34M

Revenue Segments

Quarter	Copper	Molybdenum	Other	Zinc	Silver
Q4 21	$2.3B	$307M	$80M	$259M	—
Q1 22	$2.2B	$276M	$130M	$98M	$105M
Q2 22	$1.8B	$198M	$130M	$81M	$99M
Q3 22	$1.6B	$213M	$146M	$101M	$88M
Q4 22	$2.0B	$506M	$134M	$122M	$82M
Q1 23	$2.1B	$302M	$137M	$92M	$115M
Q2 23	$1.8B	$254M	$102M	$63M	$99M
Q3 23	$1.9B	$343M	$114M	$70M	$104M
Q4 23	$1.8B	$231M	$103M	$76M	$100M
Q1 24	$2.0B	$274M	$101M	$70M	$112M
Q2 24	$2.4B	$379M	$100M	$115M	$157M
Q3 24	$2.3B	$297M	$108M	$113M	$152M
Q4 24	$2.1B	$297M	$101M	$137M	$168M
Q1 25	$2.4B	$301M	$101M	$111M	$177M
Q2 25	$2.3B	$355M	$112M	$123M	$202M
Q3 25	$2.4B	$435M	$119M	$127M	$250M

Revenue by Geography

Quarter	Asia	Brazil	Chile	Europe	Mexico	Peru	United States	China
Q4 21	$479M	$108M	$117M	$813M	$520M	$148M	$631M	—
Q1 22	$328M	$124M	$104M	$719M	$625M	$178M	$574M	$112M
Q2 22	$255M	$100M	$82M	$514M	$521M	$156M	$585M	$95M
Q3 22	$192M	$121M	$102M	$566M	$488M	$118M	$451M	$120M
Q1 23	$332M	$108M	$101M	$616M	$761M	$165M	$528M	$183M
Q2 23	$276M	$83M	$61M	$625M	$615M	$109M	$363M	$169M
Q3 23	$230M	$100M	$91M	$568M	$789M	$113M	$421M	$193M
Q4 23	$392M	$99M	$147M	$571M	$506M	$8M	$369M	$204M
Q1 24	$324M	$125M	$94M	$607M	$672M	$166M	$324M	$286M
Q2 24	$314M	$141M	$132M	$812M	$744M	$168M	$410M	$397M
Q3 24	$207M	$121M	$117M	$784M	$796M	$169M	$435M	$303M
Q4 24	$296M	$126M	$109M	$882M	$643M	$158M	$373M	$196M
Q1 25	$282M	$137M	$110M	$849M	$813M	$225M	$423M	$284M
Q2 25	$350M	$162M	$132M	$782M	$805M	$213M	$375M	$233M
Q3 25	$289M	$101M	$158M	$932M	$908M	$208M	$485M	$297M

War Chest

Quarter	Cash	Short-term Investments	Total
Q1 22	$2.8B	$407M	$3.3B
Q2 22	$2.1B	$243M	$2.4B
Q3 22	$2.2B	$300.0K	$2.2B
Q4 22	$2.1B	$208M	$2.3B
Q1 23	$2.3B	$141M	$2.4B
Q2 23	$2.2B	$300.0K	$2.2B
Q3 23	$2.0B	$247M	$2.2B
Q4 23	$1.2B	$599M	$1.8B
Q1 24	$1.3B	$329M	$1.6B
Q2 24	$1.9B	$329M	$2.2B
Q3 24	$2.7B	$319M	$3.0B
Q4 24	$3.3B	$245M	$3.5B
Q1 25	$4.1B	$218M	$4.3B
Q2 25	$3.3B	$675M	$4.0B
Q3 25	$3.9B	$576M	$4.5B
Q4 25	$4.3B	$605M	$4.9B

Shares Outstanding

Quarter	Shares (Diluted)	QoQ Change	YoY Change
Q4 21	773M	0.0%	0.0%
Q1 22	773M	0.0%	0.0%
Q2 22	773M	0.0%	0.0%
Q3 22	773M	0.0%	0.0%
Q4 22	786M	+1.6%	+1.6%
Q1 23	773M	-1.6%	0.0%
Q2 23	773M	0.0%	0.0%
Q3 23	773M	0.0%	0.0%
Q4 23	773M	0.0%	-1.6%
Q1 24	773M	0.0%	0.0%
Q2 24	782M	+1.2%	+1.2%
Q3 24	778M	-0.5%	+0.6%
Q4 24	788M	+1.2%	+1.9%
Q1 25	793M	+0.6%	+2.5%
Q2 25	808M	+1.9%	+3.3%
Q3 25	823M	+1.8%	+5.7%

Shares Outstanding

Revenue Per Employee

Period	Revenue/Employee	Employees
Q4 21	$192.1K	15K
Q1 22	$188.0K	15K
Q2 22	$156.9K	15K
Q3 22	$146.7K	15K
Q4 22	$187.8K	15K
Q1 23	$186.0K	15K
Q2 23	$153.2K	15K
Q3 23	$166.8K	15K
Q4 23	$145.2K	16K
Q1 24	$164.4K	16K
Q2 24	$197.2K	16K
Q3 24	$185.4K	16K
Q4 24	$172.6K	16K
Q1 25	$193.5K	16K
Q2 25	$189.1K	16K
Q3 25	$209.3K	16K

Revenue / Employee