Southern Copper Corp/
SCCO · NYSEMetal Mining · Fiscal year ends Dec 31
Southern Copper Corp/ reported revenue of $13.4B in the fiscal year ended Dec 2025, up 17.4% from the year before. Operating income was $7B, an operating margin of 52.2%, and net income was $4.3B. Operating cash flow of $4.8B less capital expenditure of $1.3B left free cash flow of $3.4B. Net debt was $2.4B.
Last 5 fiscal years
Revenue and net income
Income statement
| Fiscal year | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|
| Revenue | $10.9B | $10B | $9.9B | $11.4B | $13.4B |
| Cost of revenue | $3.9B | $4.6B | $4.7B | $4.8B | $5.4B |
| Gross profit | $7B | $5.4B | $5.2B | $6.6B | $8.1B |
| Selling, general & admin | $125M | $125M | $127M | $131M | $138M |
| Operating income | $6.1B | $4.4B | $4.2B | $5.6B | $7B |
| Pre-tax income | $5.7B | $4.2B | $4B | $5.4B | $6.8B |
| Income tax | $2.3B | $1.6B | $1.5B | $2B | $2.5B |
| Net income | $3.4B | $2.6B | $2.4B | $3.4B | $4.3B |
| Diluted EPS | 4.39 | 3.41 | 3.05 | 4.21 | 5.24 |
| Diluted shares | 773M | 773M | 795M | 803M | 827M |
Balance sheet
| Fiscal year | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|
| Cash & equivalents | $3B | $2.1B | $1.2B | $3.3B | $4.3B |
| Receivables | $1.4B | $1.4B | $1.1B | $1.2B | $2B |
| Inventory | $973M | $1B | $1B | $1B | $1.1B |
| Current assets | $6.1B | $5.2B | $4.4B | $6.2B | $8.4B |
| Net PP&E | $9.5B | $9.6B | $9.8B | $9.9B | $10.3B |
| Goodwill | $42M | $42M | $42M | $42M | $42M |
| Total assets | $18.3B | $17.3B | $16.7B | $18.7B | $21.4B |
| Payables | $592M | $658M | $653M | $615M | $862M |
| Current liabilities | $2.3B | $1.2B | $1.4B | $2.2B | $2.1B |
| Short-term debt | $300M | – | – | $500M | – |
| Long-term debt | $6.2B | $6.3B | $6.3B | $5.8B | $6.8B |
| Shareholders' equity | $8.1B | $8.1B | $7.4B | $9.2B | $11B |
Cash flow
| Fiscal year | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|
| Operating cash flow | $4.3B | $2.8B | $3.6B | $4.4B | $4.8B |
| Capital expenditure | $892M | $949M | $1B | $1B | $1.3B |
| Free cash flow | $3.4B | $1.9B | $2.6B | $3.4B | $3.4B |
| Depreciation & amortisation | $806M | $796M | $834M | $846M | $868M |
| Dividends paid | $2.5B | $2.7B | $3.1B | $1.6B | $2.5B |
| Dividend per share | 3.20 | 3.50 | 4.00 | 2.10 | 3.10 |
Key ratios
| Fiscal year | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|
| Revenue growth (YoY) | – | −8.1% | −1.5% | 15.5% | 17.4% |
| Operating income growth (YoY) | – | −26.9% | −5.5% | 32.5% | 26.1% |
| EPS growth (YoY) | – | −22.3% | −10.6% | 38.0% | 24.5% |
| Gross margin | 64.4% | 53.7% | 52.6% | 57.7% | 60.1% |
| Operating margin | 55.5% | 44.1% | 42.4% | 48.6% | 52.2% |
| Net margin | 31.2% | 26.4% | 24.6% | 29.6% | 32.4% |
| Return on equityBlank when equity is negative | 41.9% | 32.8% | 32.8% | 36.9% | 39.4% |
| ROCEEBIT ÷ (assets − current liabilities) | 37.8% | 27.7% | 27.3% | 33.7% | 36.4% |
| Free cash flow margin | 31.1% | 18.5% | 25.9% | 29.7% | 25.5% |
| Cash conversion (CFO ÷ net income) | 1.26x | 1.06x | 1.47x | 1.30x | 1.09x |
| Receivable days | 45 | 51 | 42 | 38 | 53 |
| Inventory days | 91 | 80 | 79 | 79 | 72 |
| Payable days | 55 | 52 | 51 | 46 | 59 |
| Debt ÷ equity | 0.80x | 0.77x | 0.84x | 0.68x | 0.61x |
| Net debtDebt − cash & equivalents; excludes investments; negative = net cash | $3.5B | $4.2B | $5.1B | $3B | $2.4B |
| Current ratio | 2.73x | 4.20x | 3.19x | 2.75x | 3.89x |
Recent filings
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Standardised figures from the company's XBRL filings with the SEC (10-K, 10-Q). Line items follow US GAAP tags, so a company's own statement layout may differ and some lines show “–” where the company does not report that item. Ratios are calculated from these figures. For education only; not investment advice or a recommendation.