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ER

Ero Copper Corp.

EROBasic MaterialsNASDAQ

Copper · Last scanned May 30, 2026

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Financials · Annual
Revenue
$785.8M
+67.1% YoY
Net Income
$263.7M
+485.1% YoY
EBITDA
$462.0M
+3252.2% YoY
Free Cash Flow
$46.8M

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About Ero Copper Corp.

Ero Copper Corp. engages in the exploration, development, and production of mining projects in Brazil. The $3.17B market capitalization puts ERO squarely in mid-cap range for its industry. Its flagship asset includes Caraíba operations that comprise the production and sale of copper concentrates located in Bahia State, Brazil, as well as gold and silver produced and sold as by-products.

Key stats
Market Cap$3.17B
P/E (TTM)10.87
Fwd P/E6.56
EPS$2.80
Beta1.56
52W Change+109.6%
ROE32.5%
Analysis

The company holds $91.2M in cash, though total debt stands at $603.4M. This level of leverage is common in the industry but worth monitoring as interest rate conditions evolve. The company generates $46.8M in free cash flow annually, which funds everything from R&D to shareholder returns without needing external financing. ROE of 32.5% points to exceptionally high capital efficiency, indicating how much profit the company produces per dollar of shareholder equity. Return on assets of 10.6% further supports the picture of efficient asset utilization. Revenue has grown from $426.4M (2022) to $785.8M (2025), reflecting a 84% increase over the period.

A beta of 1.56 means ERO is more volatile than average. Investors should be prepared for wider price swings relative to broader indices. The debt-to-cash ratio suggests meaningful leverage on the balance sheet, a factor worth monitoring if credit conditions tighten. It is important to consider these factors alongside broader market conditions and individual financial goals when reviewing ERO.

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