Ero Copper Corp. (ERO) 10-Year Financial Performance & Capital Metrics

ERO • • Industrial / General

Basic MaterialsCopperCopper Mining & DevelopmentRegional Copper Miners

AboutEro Copper Corp., a base metals mining company, engages in the exploration, development, and production of mining projects in Brazil. It engages in the production and sale of copper concentrate from the MCSA Mining Complex located within the Curaçá Valley, northeastern Bahia state, as well as gold and silver byproducts. The company also holds a 100% interest in the Boa Esperança property, a copper development project located within southeastern Pará state; and NX Gold property located in Mato Grosso state. Ero Copper Corp. was incorporated in 2016 and is headquartered in Vancouver, Canada.Show more

Revenue $470M +10.0%
EBITDA $206M +10.2%
Net Income -$68M -173.8%
EPS (Diluted) -0.66 -167.3%
Gross Margin 38.39% +4.6%
EBITDA Margin 43.86% +0.2%
Operating Margin 25.72% +15.5%
Net Margin -14.56% -167.1%
ROE -9.78% -171.2%
ROIC 7.88% +6.8%
Debt/Equity 1.05 +90.4%
Interest Coverage 66.69 +795.0%

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓Momentum leader: RS Rating 93 (top 7%)
✓Strong 5Y sales CAGR of 10.5%
✓Healthy 5Y average net margin of 17.6%

✗Weaknesses

✗Negative free cash flow

Price & Volume

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Growth Metrics

Revenue CAGR

10Y-

5Y10.55%

3Y-1.36%

TTM26.74%

Profit (Net Income) CAGR

10Y-

5Y-

3Y-

TTM760.18%

EPS CAGR

10Y-

5Y-

3Y-

TTM725%

ROCE

10Y Avg14.89%

5Y Avg22.19%

3Y Avg11%

Latest9.36%

Peer Comparison

Regional Copper Miners

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
EROEro Copper Corp.	3.12B	29.99	-45.44	10.01%	23.43%	15.47%		1.05
TGBTaseko Mines Limited	2.58B	7.15	-157.14	15.83%	-9.34%	-10.18%	5.8%	1.57

Profit & Loss

	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Sales/Revenue+	0	148.24M	233.1M	284.84M	324.08M	489.92M	426.39M	427.48M	470.26M
Revenue Growth %	-	-	0.57%	0.22%	0.14%	0.51%	-0.13%	0%	0.1%
Cost of Goods Sold+	843.73K	130.23M	150.88M	167.78M	135.94M	171.06M	239.22M	270.63M	289.71M
COGS % of Revenue	-	0.88%	0.65%	0.59%	0.42%	0.35%	0.56%	0.63%	0.62%
Gross Profit+	-843.73K	18.01M	82.23M	117.06M	188.14M	318.86M	187.18M	156.84M	180.55M
Gross Margin %	-	0.12%	0.35%	0.41%	0.58%	0.65%	0.44%	0.37%	0.38%
Gross Profit Growth %	-	22.34%	3.57%	0.42%	0.61%	0.69%	-0.41%	-0.16%	0.15%
Operating Expenses+	4.62M	20.5M	35.99M	38.61M	188.14M	47.77M	59.58M	61.65M	59.58M
OpEx % of Revenue	-	0.14%	0.15%	0.14%	0.58%	0.1%	0.14%	0.14%	0.13%
Selling, General & Admin	4.62M	15.65M	31.75M	38.61M	36.85M	46.41M	57.08M	61.65M	57.9M
SG&A % of Revenue	-	0.11%	0.14%	0.14%	0.11%	0.09%	0.13%	0.14%	0.12%
Research & Development	0	0	0	0	0	0	0	0	0
R&D % of Revenue	-	-	-	-	-	-	-	-	-
Other Operating Expenses	0	1.79M	108K	0	151.28M	1.36M	2.5M	0	1.68M
Operating Income+	-5.46M	-7.56M	46.23M	78.45M	0	271.09M	127.59M	95.2M	120.97M
Operating Margin %	-	-0.05%	0.2%	0.28%	-	0.55%	0.3%	0.22%	0.26%
Operating Income Growth %	-	-0.38%	7.12%	0.7%	-1%	-	-0.53%	-0.25%	0.27%
EBITDA+	-4.62M	32.34M	92.8M	120.76M	110.92M	318.38M	186.56M	187.12M	206.26M
EBITDA Margin %	-	0.22%	0.4%	0.42%	0.34%	0.65%	0.44%	0.44%	0.44%
EBITDA Growth %	-	8%	1.87%	0.3%	-0.08%	1.87%	-0.41%	0%	0.1%
D&A (Non-Cash Add-back)	843.73K	39.9M	46.56M	42.3M	39.35M	47.29M	58.97M	91.93M	85.28M
EBIT	-2.44M	17.96M	17.63M	96.53M	71.57M	242.51M	147.51M	130.69M	106.58M
Net Interest Income+	0	-18.71M	-17.49M	-14.35M	-10.53M	-2.6M	-10.83M	-10.65M	2.49M
Interest Income	0	2.36M	1.3M	717.3K	1.42M	2.99M	10.29M	2.12M	4.3M
Interest Expense	0	21.07M	14.96M	15.07M	11.94M	5.59M	21.13M	12.78M	1.81M
Other Income/Expense	2M	8.16M	-43.57M	-3.63M	61.42M	-34.17M	-1.21M	17.15M	-196.41M
Pretax Income+	-3.47M	1.95M	2.66M	74.83M	61.42M	236.92M	126.38M	112.35M	-75.44M
Pretax Margin %	-	0.01%	0.01%	0.26%	0.19%	0.48%	0.3%	0.26%	-0.16%
Income Tax+	-119.54K	-16.34M	5.65M	-17.63M	8.93M	34.29M	23.32M	18.05M	-7.65M
Effective Tax Rate %	0.87%	11.54%	-1.19%	1.23%	0.84%	0.85%	0.81%	0.83%	0.91%
Net Income+	-3.01M	22.47M	-3.15M	91.88M	51.62M	201.05M	101.83M	92.8M	-68.47M
Net Margin %	-	0.15%	-0.01%	0.32%	0.16%	0.41%	0.24%	0.22%	-0.15%
Net Income Growth %	-	8.47%	-1.14%	30.12%	-0.44%	2.89%	-0.49%	-0.09%	-1.74%
Net Income (Continuing)	-3.35M	17.48M	-2.99M	92.45M	52.5M	202.63M	103.07M	94.3M	-67.79M
Discontinued Operations	-97.5K	0	0	0	0	0	0	0	0
Minority Interest	-405K	-243K	296K	835K	1.37M	2.43M	3.57M	5.08M	3.94M
EPS (Diluted)+	-0.06	0.34	-0.04	1.01	0.56	2.21	1.10	0.98	-0.66
EPS Growth %	-	6.48%	-1.11%	27.86%	-0.45%	2.95%	-0.5%	-0.11%	-1.67%
EPS (Basic)	-0.06	0.28	-0.04	1.08	0.60	2.27	1.12	0.99	-0.66
Diluted Shares Outstanding	48.53M	66M	83.93M	91.39M	92.21M	90.96M	92.17M	94.9M	103.11M
Basic Shares Outstanding	48.53M	80.68M	83.93M	85.24M	86.37M	88.6M	90.79M	94.11M	103.11M
Dividend Payout Ratio	-	-	-	-	-	-	-	-	-

Balance Sheet

	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Total Current Assets+	54.41M	97.89M	50.95M	75.56M	127.54M	208.69M	392.43M	199.49M	141.79M
Cash & Short-Term Investments	18.32M	51.1M	18.94M	22.98M	62.51M	130.13M	317.4M	111.74M	50.4M
Cash Only	18.32M	51.1M	18.94M	22.98M	62.51M	130.13M	177.7M	111.74M	50.4M
Short-Term Investments	0	0	0	0	0	0	139.7M	0	0
Accounts Receivable	504K	3.91M	11.16M	27.38M	36.4M	45.81M	32.78M	28.27M	40.26M
Days Sales Outstanding	-	9.64	17.47	35.08	41	34.13	28.06	24.14	31.25
Inventory	5.18M	8.48M	14.64M	20.42M	26M	26.02M	30.95M	42.25M	42.09M
Days Inventory Outstanding	2.24K	23.76	35.43	44.43	69.8	55.52	47.23	56.99	53.03
Other Current Assets	24.85M	33M	7.96M	0	0	5.87M	9.91M	16.91M	5.88M
Total Non-Current Assets+	263.55M	283.45M	309.49M	387.11M	369.56M	481.08M	795.65M	1.31B	1.32B
Property, Plant & Equipment	242.65M	280.66M	306.37M	339.52M	333.7M	477.47M	770.96M	1.28B	1.27B
Fixed Asset Turnover	-	0.53x	0.76x	0.84x	0.97x	1.03x	0.55x	0.33x	0.37x
Goodwill	17.77M	0	0	0	0	0	0	0	0
Intangible Assets	0	0	0	0	0	0	0	0	0
Long-Term Investments	-7.48M	753K	686K	0	0	0	0	0	0
Other Non-Current Assets	3.13M	2.79M	3.12M	34.49M	21.63M	1.29M	24.69M	28.95M	29.73M
Total Assets+	317.95M	381.34M	360.44M	462.67M	497.1M	689.76M	1.19B	1.51B	1.46B
Asset Turnover	-	0.39x	0.65x	0.62x	0.65x	0.71x	0.36x	0.28x	0.32x
Asset Growth %	-	0.2%	-0.05%	0.28%	0.07%	0.39%	0.72%	0.27%	-0.04%
Total Current Liabilities+	185.13M	55.33M	60.27M	80.48M	91.72M	122.66M	129.12M	173.8M	211.71M
Accounts Payable	5.27M	13.33M	19.01M	21.81M	14.48M	25.4M	47.87M	74.88M	58.07M
Days Payables Outstanding	2.28K	37.36	45.98	47.45	38.88	54.21	73.04	100.99	73.16
Short-Term Debt	108.14M	5.6M	10.6M	22.14M	13.94M	4.34M	15.7M	20.38M	45.89M
Deferred Revenue (Current)	1000K	1000K	1000K	0	0	1000K	1000K	1000K	1000K
Other Current Liabilities	65.9M	28.76M	2.86M	16.46M	45.38M	52.31M	21.59M	26.98M	43.83M
Current Ratio	0.29x	1.77x	0.85x	0.94x	1.39x	1.70x	3.04x	1.15x	0.67x
Quick Ratio	0.27x	1.62x	0.60x	0.69x	1.11x	1.49x	2.80x	0.90x	0.47x
Cash Conversion Cycle	-	-3.96	6.92	32.06	71.92	35.44	2.25	-19.86	11.12
Total Non-Current Liabilities+	108.46M	196.26M	196.35M	183.13M	191.3M	171.61M	516.79M	528.56M	655.25M
Long-Term Debt	53.99M	133.56M	141.63M	140.39M	155.56M	54.91M	402.35M	405.85M	556.3M
Capital Lease Obligations	0	0	0	487K	346K	2.4M	4.74M	8.61M	6.98M
Deferred Tax Liabilities	17.64M	16.66M	15.81M	0	0	0	6.23M	10.86M	0
Other Non-Current Liabilities	25.66M	17.31M	16.62M	42.26M	35.4M	30.6M	33.99M	44.84M	43.74M
Total Liabilities	293.58M	251.6M	256.62M	263.62M	283.02M	294.27M	645.91M	702.36M	866.95M
Total Debt+	162.12M	139.17M	152.23M	163.02M	169.85M	66.36M	429.02M	445.84M	620.07M
Net Debt	143.81M	88.07M	133.29M	140.03M	107.34M	-63.77M	251.32M	334.1M	569.67M
Debt / Equity	6.65x	1.07x	1.47x	0.82x	0.79x	0.17x	0.79x	0.55x	1.05x
Debt / EBITDA	-	4.30x	1.64x	1.35x	1.53x	0.21x	2.30x	2.38x	3.01x
Net Debt / EBITDA	-	2.72x	1.44x	1.16x	0.97x	-0.20x	1.35x	1.79x	2.76x
Interest Coverage	-	-0.36x	3.09x	5.21x	-	48.49x	6.04x	7.45x	66.69x
Total Equity+	24.37M	129.75M	103.82M	199.06M	214.07M	395.49M	542.16M	809.33M	591.07M
Equity Growth %	-	4.32%	-0.2%	0.92%	0.08%	0.85%	0.37%	0.49%	-0.27%
Book Value per Share	0.50	1.97	1.24	2.18	2.32	4.35	5.88	8.53	5.73
Total Shareholders' Equity	24.78M	129.99M	103.53M	198.22M	212.7M	393.06M	538.59M	804.25M	587.13M
Common Stock	27.82M	113.05M	117.94M	120.49M	126.15M	133.07M	148.06M	271.34M	286.55M
Retained Earnings	-3.05M	14.01M	10.34M	102.22M	153.84M	354.89M	456.73M	549.53M	481.06M
Treasury Stock	0	0	0	0	0	0	0	0	0
Accumulated OCI	7K	-83K	-24.75M	-33.57M	-82.93M	-94.91M	-66.19M	-16.62M	-180.47M
Minority Interest	-405K	-243K	296K	835K	1.37M	2.43M	3.57M	5.08M	3.94M

Cash Flow

	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Cash from Operations+	-9.08M	21.24M	82.94M	127.83M	162.84M	364.59M	143.39M	163.1M	145.42M
Operating CF Margin %	-	0.14%	0.36%	0.45%	0.5%	0.74%	0.34%	0.38%	0.31%
Operating CF Growth %	-	3.34%	2.91%	0.54%	0.27%	1.24%	-0.61%	0.14%	-0.11%
Net Income	-2.95M	18.29M	-2.99M	92.45M	52.5M	202.63M	103.07M	94.51M	-67.79M
Depreciation & Amortization	843.73K	32.73M	45.3M	46.17M	39.35M	47.29M	58.97M	91.93M	87.41M
Stock-Based Compensation	0	879K	3.23M	5.79M	9.06M	7.85M	7.93M	9.22M	9.98M
Deferred Taxes	-119.54K	-16.61M	5.65M	-39.21M	39K	34.29M	23.32M	18.05M	-7.65M
Other Non-Cash Items	-929.68K	-272K	37.42M	24.2M	71.42M	87.63M	-31.87M	-42.23M	149.16M
Working Capital Changes	-4.12M	-13.77M	-5.66M	-1.57M	-9.53M	-15.1M	-18.03M	-8.37M	-25.69M
Change in Receivables	22.5K	-2.28M	-4.62M	-756K	-13.27M	-12.18M	-1.87M	6.92M	-13.98M
Change in Inventory	-122.51K	-2.4M	-5.22M	-5.95M	-6.36M	-2.33M	-1.71M	-5.27M	-12.59M
Change in Payables	0	-5.1M	6.86M	11.6M	-3.88M	10.37M	0	1.7M	0
Cash from Investing+	-70.15K	-62.32M	-100.97M	-106.74M	-116.56M	-179.53M	-425.81M	-308.17M	-335.38M
Capital Expenditures	-199.57K	-58.19M	-101.17M	-106.27M	-117.81M	-181.83M	-295.82M	-460.65M	-337.59M
CapEx % of Revenue	-	0.39%	0.43%	0.37%	0.36%	0.37%	0.69%	1.08%	0.72%
Acquisitions	-	-	-	-	-	-	-	-	-
Investments	-	-	-	-	-	-	-	-	-
Other Investing	196.5K	832K	198K	-467K	1.25M	0	0	0	0
Cash from Financing+	27.31M	72.33M	-7.33M	-18.02M	288K	-115.43M	327.3M	77.75M	131.16M
Debt Issued (Net)	-	-	-	-	-	-	-	-	-
Equity Issued (Net)	-	-	-	-	-	-	-	-	-
Dividends Paid	0	0	0	0	0	0	0	0	0
Share Repurchases	-	-	-	-	-	-	-	-	-
Other Financing	27.31M	-64.7M	-23.09M	-12.44M	-11.35M	-2.82M	-11.12M	-21.8M	-27.94M
Net Change in Cash	-	-	-	-	-	-	-	-	-
Free Cash Flow+	-9.28M	-36.95M	-18.23M	21.56M	45.03M	182.76M	-152.43M	-297.55M	-192.17M
FCF Margin %	-	-0.25%	-0.08%	0.08%	0.14%	0.37%	-0.36%	-0.7%	-0.41%
FCF Growth %	-	-2.98%	0.51%	2.18%	1.09%	3.06%	-1.83%	-0.95%	0.35%
FCF per Share	-0.19	-0.56	-0.22	0.24	0.49	2.01	-1.65	-3.14	-1.86
FCF Conversion (FCF/Net Income)	3.02x	0.95x	-26.29x	1.39x	3.15x	1.81x	1.41x	1.76x	-2.12x
Interest Paid	0	0	0	0	0	0	0	0	0
Taxes Paid	0	0	0	0	0	0	0	0	0

Key Ratios

Metric	2016	2017	2018	2019	2020	2021	2022	2023	2024
Return on Equity (ROE)	-12.35%	29.15%	-2.7%	60.67%	24.99%	65.97%	21.72%	13.73%	-9.78%
Return on Invested Capital (ROIC)	-2.44%	-2.94%	15.24%	20.42%	-	62.26%	17.01%	7.37%	7.88%
Gross Margin	-	12.15%	35.27%	41.1%	58.05%	65.08%	43.9%	36.69%	38.39%
Net Margin	-	15.16%	-1.35%	32.26%	15.93%	41.04%	23.88%	21.71%	-14.56%
Debt / Equity	6.65x	1.07x	1.47x	0.82x	0.79x	0.17x	0.79x	0.55x	1.05x
Interest Coverage	-	-0.36x	3.09x	5.21x	-	48.49x	6.04x	7.45x	66.69x
FCF Conversion	3.02x	0.95x	-26.29x	1.39x	3.15x	1.81x	1.41x	1.76x	-2.12x
Revenue Growth	-	-	57.25%	22.2%	13.77%	51.17%	-12.97%	0.26%	10.01%

Frequently Asked Questions

Growth & Financials

Ero Copper Corp. (ERO) reported $588.2M in revenue for fiscal year 2024.

Ero Copper Corp. (ERO) grew revenue by 10.0% over the past year. This is steady growth.

Yes, Ero Copper Corp. (ERO) is profitable, generating $137.8M in net income for fiscal year 2024 (-14.6% net margin).

Dividend & Returns

Ero Copper Corp. (ERO) has a return on equity (ROE) of -9.8%. Negative ROE indicates the company is unprofitable.

Ero Copper Corp. (ERO) generated $32.8M in free cash flow for fiscal year 2024. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.

US Stock Screener

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Ero Copper Corp. (ERO) 10-Year Financial Performance & Capital Metrics

ERO • • Industrial / General

Basic MaterialsCopperCopper Mining & DevelopmentRegional Copper Miners

Revenue $470M +10.0%
EBITDA $206M +10.2%
Net Income -$68M -173.8%
EPS (Diluted) -0.66 -167.3%
Gross Margin 38.39% +4.6%
EBITDA Margin 43.86% +0.2%
Operating Margin 25.72% +15.5%
Net Margin -14.56% -167.1%
ROE -9.78% -171.2%
ROIC 7.88% +6.8%
Debt/Equity 1.05 +90.4%
Interest Coverage 66.69 +795.0%

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓Momentum leader: RS Rating 93 (top 7%)
✓Strong 5Y sales CAGR of 10.5%
✓Healthy 5Y average net margin of 17.6%

✗Weaknesses

✗Negative free cash flow

Price & Volume

Loading chart...

Growth Metrics

Revenue CAGR

10Y-

5Y10.55%

3Y-1.36%

TTM26.74%

Profit (Net Income) CAGR

10Y-

5Y-

3Y-

TTM760.18%

EPS CAGR

10Y-

5Y-

3Y-

TTM725%

ROCE

10Y Avg14.89%

5Y Avg22.19%

3Y Avg11%

Latest9.36%

Peer Comparison

Regional Copper Miners

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
EROEro Copper Corp.	3.12B	29.99	-45.44	10.01%	23.43%	15.47%		1.05
TGBTaseko Mines Limited	2.58B	7.15	-157.14	15.83%	-9.34%	-10.18%	5.8%	1.57

Profit & Loss

	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Sales/Revenue+	0	148.24M	233.1M	284.84M	324.08M	489.92M	426.39M	427.48M	470.26M
Revenue Growth %	-	-	0.57%	0.22%	0.14%	0.51%	-0.13%	0%	0.1%
Cost of Goods Sold+	843.73K	130.23M	150.88M	167.78M	135.94M	171.06M	239.22M	270.63M	289.71M
COGS % of Revenue	-	0.88%	0.65%	0.59%	0.42%	0.35%	0.56%	0.63%	0.62%
Gross Profit+	-843.73K	18.01M	82.23M	117.06M	188.14M	318.86M	187.18M	156.84M	180.55M
Gross Margin %	-	0.12%	0.35%	0.41%	0.58%	0.65%	0.44%	0.37%	0.38%
Gross Profit Growth %	-	22.34%	3.57%	0.42%	0.61%	0.69%	-0.41%	-0.16%	0.15%
Operating Expenses+	4.62M	20.5M	35.99M	38.61M	188.14M	47.77M	59.58M	61.65M	59.58M
OpEx % of Revenue	-	0.14%	0.15%	0.14%	0.58%	0.1%	0.14%	0.14%	0.13%
Selling, General & Admin	4.62M	15.65M	31.75M	38.61M	36.85M	46.41M	57.08M	61.65M	57.9M
SG&A % of Revenue	-	0.11%	0.14%	0.14%	0.11%	0.09%	0.13%	0.14%	0.12%
Research & Development	0	0	0	0	0	0	0	0	0
R&D % of Revenue	-	-	-	-	-	-	-	-	-
Other Operating Expenses	0	1.79M	108K	0	151.28M	1.36M	2.5M	0	1.68M
Operating Income+	-5.46M	-7.56M	46.23M	78.45M	0	271.09M	127.59M	95.2M	120.97M
Operating Margin %	-	-0.05%	0.2%	0.28%	-	0.55%	0.3%	0.22%	0.26%
Operating Income Growth %	-	-0.38%	7.12%	0.7%	-1%	-	-0.53%	-0.25%	0.27%
EBITDA+	-4.62M	32.34M	92.8M	120.76M	110.92M	318.38M	186.56M	187.12M	206.26M
EBITDA Margin %	-	0.22%	0.4%	0.42%	0.34%	0.65%	0.44%	0.44%	0.44%
EBITDA Growth %	-	8%	1.87%	0.3%	-0.08%	1.87%	-0.41%	0%	0.1%
D&A (Non-Cash Add-back)	843.73K	39.9M	46.56M	42.3M	39.35M	47.29M	58.97M	91.93M	85.28M
EBIT	-2.44M	17.96M	17.63M	96.53M	71.57M	242.51M	147.51M	130.69M	106.58M
Net Interest Income+	0	-18.71M	-17.49M	-14.35M	-10.53M	-2.6M	-10.83M	-10.65M	2.49M
Interest Income	0	2.36M	1.3M	717.3K	1.42M	2.99M	10.29M	2.12M	4.3M
Interest Expense	0	21.07M	14.96M	15.07M	11.94M	5.59M	21.13M	12.78M	1.81M
Other Income/Expense	2M	8.16M	-43.57M	-3.63M	61.42M	-34.17M	-1.21M	17.15M	-196.41M
Pretax Income+	-3.47M	1.95M	2.66M	74.83M	61.42M	236.92M	126.38M	112.35M	-75.44M
Pretax Margin %	-	0.01%	0.01%	0.26%	0.19%	0.48%	0.3%	0.26%	-0.16%
Income Tax+	-119.54K	-16.34M	5.65M	-17.63M	8.93M	34.29M	23.32M	18.05M	-7.65M
Effective Tax Rate %	0.87%	11.54%	-1.19%	1.23%	0.84%	0.85%	0.81%	0.83%	0.91%
Net Income+	-3.01M	22.47M	-3.15M	91.88M	51.62M	201.05M	101.83M	92.8M	-68.47M
Net Margin %	-	0.15%	-0.01%	0.32%	0.16%	0.41%	0.24%	0.22%	-0.15%
Net Income Growth %	-	8.47%	-1.14%	30.12%	-0.44%	2.89%	-0.49%	-0.09%	-1.74%
Net Income (Continuing)	-3.35M	17.48M	-2.99M	92.45M	52.5M	202.63M	103.07M	94.3M	-67.79M
Discontinued Operations	-97.5K	0	0	0	0	0	0	0	0
Minority Interest	-405K	-243K	296K	835K	1.37M	2.43M	3.57M	5.08M	3.94M
EPS (Diluted)+	-0.06	0.34	-0.04	1.01	0.56	2.21	1.10	0.98	-0.66
EPS Growth %	-	6.48%	-1.11%	27.86%	-0.45%	2.95%	-0.5%	-0.11%	-1.67%
EPS (Basic)	-0.06	0.28	-0.04	1.08	0.60	2.27	1.12	0.99	-0.66
Diluted Shares Outstanding	48.53M	66M	83.93M	91.39M	92.21M	90.96M	92.17M	94.9M	103.11M
Basic Shares Outstanding	48.53M	80.68M	83.93M	85.24M	86.37M	88.6M	90.79M	94.11M	103.11M
Dividend Payout Ratio	-	-	-	-	-	-	-	-	-

Balance Sheet

	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Total Current Assets+	54.41M	97.89M	50.95M	75.56M	127.54M	208.69M	392.43M	199.49M	141.79M
Cash & Short-Term Investments	18.32M	51.1M	18.94M	22.98M	62.51M	130.13M	317.4M	111.74M	50.4M
Cash Only	18.32M	51.1M	18.94M	22.98M	62.51M	130.13M	177.7M	111.74M	50.4M
Short-Term Investments	0	0	0	0	0	0	139.7M	0	0
Accounts Receivable	504K	3.91M	11.16M	27.38M	36.4M	45.81M	32.78M	28.27M	40.26M
Days Sales Outstanding	-	9.64	17.47	35.08	41	34.13	28.06	24.14	31.25
Inventory	5.18M	8.48M	14.64M	20.42M	26M	26.02M	30.95M	42.25M	42.09M
Days Inventory Outstanding	2.24K	23.76	35.43	44.43	69.8	55.52	47.23	56.99	53.03
Other Current Assets	24.85M	33M	7.96M	0	0	5.87M	9.91M	16.91M	5.88M
Total Non-Current Assets+	263.55M	283.45M	309.49M	387.11M	369.56M	481.08M	795.65M	1.31B	1.32B
Property, Plant & Equipment	242.65M	280.66M	306.37M	339.52M	333.7M	477.47M	770.96M	1.28B	1.27B
Fixed Asset Turnover	-	0.53x	0.76x	0.84x	0.97x	1.03x	0.55x	0.33x	0.37x
Goodwill	17.77M	0	0	0	0	0	0	0	0
Intangible Assets	0	0	0	0	0	0	0	0	0
Long-Term Investments	-7.48M	753K	686K	0	0	0	0	0	0
Other Non-Current Assets	3.13M	2.79M	3.12M	34.49M	21.63M	1.29M	24.69M	28.95M	29.73M
Total Assets+	317.95M	381.34M	360.44M	462.67M	497.1M	689.76M	1.19B	1.51B	1.46B
Asset Turnover	-	0.39x	0.65x	0.62x	0.65x	0.71x	0.36x	0.28x	0.32x
Asset Growth %	-	0.2%	-0.05%	0.28%	0.07%	0.39%	0.72%	0.27%	-0.04%
Total Current Liabilities+	185.13M	55.33M	60.27M	80.48M	91.72M	122.66M	129.12M	173.8M	211.71M
Accounts Payable	5.27M	13.33M	19.01M	21.81M	14.48M	25.4M	47.87M	74.88M	58.07M
Days Payables Outstanding	2.28K	37.36	45.98	47.45	38.88	54.21	73.04	100.99	73.16
Short-Term Debt	108.14M	5.6M	10.6M	22.14M	13.94M	4.34M	15.7M	20.38M	45.89M
Deferred Revenue (Current)	1000K	1000K	1000K	0	0	1000K	1000K	1000K	1000K
Other Current Liabilities	65.9M	28.76M	2.86M	16.46M	45.38M	52.31M	21.59M	26.98M	43.83M
Current Ratio	0.29x	1.77x	0.85x	0.94x	1.39x	1.70x	3.04x	1.15x	0.67x
Quick Ratio	0.27x	1.62x	0.60x	0.69x	1.11x	1.49x	2.80x	0.90x	0.47x
Cash Conversion Cycle	-	-3.96	6.92	32.06	71.92	35.44	2.25	-19.86	11.12
Total Non-Current Liabilities+	108.46M	196.26M	196.35M	183.13M	191.3M	171.61M	516.79M	528.56M	655.25M
Long-Term Debt	53.99M	133.56M	141.63M	140.39M	155.56M	54.91M	402.35M	405.85M	556.3M
Capital Lease Obligations	0	0	0	487K	346K	2.4M	4.74M	8.61M	6.98M
Deferred Tax Liabilities	17.64M	16.66M	15.81M	0	0	0	6.23M	10.86M	0
Other Non-Current Liabilities	25.66M	17.31M	16.62M	42.26M	35.4M	30.6M	33.99M	44.84M	43.74M
Total Liabilities	293.58M	251.6M	256.62M	263.62M	283.02M	294.27M	645.91M	702.36M	866.95M
Total Debt+	162.12M	139.17M	152.23M	163.02M	169.85M	66.36M	429.02M	445.84M	620.07M
Net Debt	143.81M	88.07M	133.29M	140.03M	107.34M	-63.77M	251.32M	334.1M	569.67M
Debt / Equity	6.65x	1.07x	1.47x	0.82x	0.79x	0.17x	0.79x	0.55x	1.05x
Debt / EBITDA	-	4.30x	1.64x	1.35x	1.53x	0.21x	2.30x	2.38x	3.01x
Net Debt / EBITDA	-	2.72x	1.44x	1.16x	0.97x	-0.20x	1.35x	1.79x	2.76x
Interest Coverage	-	-0.36x	3.09x	5.21x	-	48.49x	6.04x	7.45x	66.69x
Total Equity+	24.37M	129.75M	103.82M	199.06M	214.07M	395.49M	542.16M	809.33M	591.07M
Equity Growth %	-	4.32%	-0.2%	0.92%	0.08%	0.85%	0.37%	0.49%	-0.27%
Book Value per Share	0.50	1.97	1.24	2.18	2.32	4.35	5.88	8.53	5.73
Total Shareholders' Equity	24.78M	129.99M	103.53M	198.22M	212.7M	393.06M	538.59M	804.25M	587.13M
Common Stock	27.82M	113.05M	117.94M	120.49M	126.15M	133.07M	148.06M	271.34M	286.55M
Retained Earnings	-3.05M	14.01M	10.34M	102.22M	153.84M	354.89M	456.73M	549.53M	481.06M
Treasury Stock	0	0	0	0	0	0	0	0	0
Accumulated OCI	7K	-83K	-24.75M	-33.57M	-82.93M	-94.91M	-66.19M	-16.62M	-180.47M
Minority Interest	-405K	-243K	296K	835K	1.37M	2.43M	3.57M	5.08M	3.94M

Cash Flow

	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Cash from Operations+	-9.08M	21.24M	82.94M	127.83M	162.84M	364.59M	143.39M	163.1M	145.42M
Operating CF Margin %	-	0.14%	0.36%	0.45%	0.5%	0.74%	0.34%	0.38%	0.31%
Operating CF Growth %	-	3.34%	2.91%	0.54%	0.27%	1.24%	-0.61%	0.14%	-0.11%
Net Income	-2.95M	18.29M	-2.99M	92.45M	52.5M	202.63M	103.07M	94.51M	-67.79M
Depreciation & Amortization	843.73K	32.73M	45.3M	46.17M	39.35M	47.29M	58.97M	91.93M	87.41M
Stock-Based Compensation	0	879K	3.23M	5.79M	9.06M	7.85M	7.93M	9.22M	9.98M
Deferred Taxes	-119.54K	-16.61M	5.65M	-39.21M	39K	34.29M	23.32M	18.05M	-7.65M
Other Non-Cash Items	-929.68K	-272K	37.42M	24.2M	71.42M	87.63M	-31.87M	-42.23M	149.16M
Working Capital Changes	-4.12M	-13.77M	-5.66M	-1.57M	-9.53M	-15.1M	-18.03M	-8.37M	-25.69M
Change in Receivables	22.5K	-2.28M	-4.62M	-756K	-13.27M	-12.18M	-1.87M	6.92M	-13.98M
Change in Inventory	-122.51K	-2.4M	-5.22M	-5.95M	-6.36M	-2.33M	-1.71M	-5.27M	-12.59M
Change in Payables	0	-5.1M	6.86M	11.6M	-3.88M	10.37M	0	1.7M	0
Cash from Investing+	-70.15K	-62.32M	-100.97M	-106.74M	-116.56M	-179.53M	-425.81M	-308.17M	-335.38M
Capital Expenditures	-199.57K	-58.19M	-101.17M	-106.27M	-117.81M	-181.83M	-295.82M	-460.65M	-337.59M
CapEx % of Revenue	-	0.39%	0.43%	0.37%	0.36%	0.37%	0.69%	1.08%	0.72%
Acquisitions	-	-	-	-	-	-	-	-	-
Investments	-	-	-	-	-	-	-	-	-
Other Investing	196.5K	832K	198K	-467K	1.25M	0	0	0	0
Cash from Financing+	27.31M	72.33M	-7.33M	-18.02M	288K	-115.43M	327.3M	77.75M	131.16M
Debt Issued (Net)	-	-	-	-	-	-	-	-	-
Equity Issued (Net)	-	-	-	-	-	-	-	-	-
Dividends Paid	0	0	0	0	0	0	0	0	0
Share Repurchases	-	-	-	-	-	-	-	-	-
Other Financing	27.31M	-64.7M	-23.09M	-12.44M	-11.35M	-2.82M	-11.12M	-21.8M	-27.94M
Net Change in Cash	-	-	-	-	-	-	-	-	-
Free Cash Flow+	-9.28M	-36.95M	-18.23M	21.56M	45.03M	182.76M	-152.43M	-297.55M	-192.17M
FCF Margin %	-	-0.25%	-0.08%	0.08%	0.14%	0.37%	-0.36%	-0.7%	-0.41%
FCF Growth %	-	-2.98%	0.51%	2.18%	1.09%	3.06%	-1.83%	-0.95%	0.35%
FCF per Share	-0.19	-0.56	-0.22	0.24	0.49	2.01	-1.65	-3.14	-1.86
FCF Conversion (FCF/Net Income)	3.02x	0.95x	-26.29x	1.39x	3.15x	1.81x	1.41x	1.76x	-2.12x
Interest Paid	0	0	0	0	0	0	0	0	0
Taxes Paid	0	0	0	0	0	0	0	0	0

Key Ratios

Metric	2016	2017	2018	2019	2020	2021	2022	2023	2024
Return on Equity (ROE)	-12.35%	29.15%	-2.7%	60.67%	24.99%	65.97%	21.72%	13.73%	-9.78%
Return on Invested Capital (ROIC)	-2.44%	-2.94%	15.24%	20.42%	-	62.26%	17.01%	7.37%	7.88%
Gross Margin	-	12.15%	35.27%	41.1%	58.05%	65.08%	43.9%	36.69%	38.39%
Net Margin	-	15.16%	-1.35%	32.26%	15.93%	41.04%	23.88%	21.71%	-14.56%
Debt / Equity	6.65x	1.07x	1.47x	0.82x	0.79x	0.17x	0.79x	0.55x	1.05x
Interest Coverage	-	-0.36x	3.09x	5.21x	-	48.49x	6.04x	7.45x	66.69x
FCF Conversion	3.02x	0.95x	-26.29x	1.39x	3.15x	1.81x	1.41x	1.76x	-2.12x
Revenue Growth	-	-	57.25%	22.2%	13.77%	51.17%	-12.97%	0.26%	10.01%

Frequently Asked Questions

Growth & Financials

Ero Copper Corp. (ERO) reported $588.2M in revenue for fiscal year 2024.

Ero Copper Corp. (ERO) grew revenue by 10.0% over the past year. This is steady growth.

Yes, Ero Copper Corp. (ERO) is profitable, generating $137.8M in net income for fiscal year 2024 (-14.6% net margin).

Dividend & Returns

Ero Copper Corp. (ERO) has a return on equity (ROE) of -9.8%. Negative ROE indicates the company is unprofitable.

Ero Copper Corp. (ERO) generated $32.8M in free cash flow for fiscal year 2024. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.