Ero Copper (ERO) Financials

$10.88 +0.39 (+3.72%)

As of 03:59 PM Eastern

Annual Income Statements for Ero Copper

This table shows Ero Copper's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric	2020	2021	2022	2023	2024
Net Income / (Loss) Attributable to Common Shareholders	2.27	378	233	238	-300
Consolidated Net Income / (Loss)	52	203	103	94	-68
Net Income / (Loss) Continuing Operations	52	203	103	104	-46
Total Pre-Tax Income	61	237	126	112	-75
Total Operating Income	151	272	130	95	109
Total Gross Profit	188	319	187	157	181
Total Revenue	324	490	426	427	470
Operating Revenue	324	490	426	427	470
Total Cost of Revenue	136	171	239	271	290
Total Operating Expenses	37	47	57	52	50
Selling, General & Admin Expense	37	47	57	52	50
Total Other Income / (Expense), net	-90	-35	-3.40	17	-184
Interest & Investment Income	1.35	2.99	10	12	4.30
Other Income / (Expense), net	-76	-38	-14	4.69	-189
Income Tax Expense	8.93	34	23	18	-7.65
Net Income / (Loss) Attributable to Noncontrolling Interest	-0.88	-1.58	-1.24	-1.50	-0.69
Other Adjustments to Net Income / (Loss) Attributable to Common Shareholders)	50	24	-30	-53	165
Basic Earnings per Share	$0.60	$2.27	$1.12	$0.99	($0.66)
Weighted Average Basic Shares Outstanding	86.37M	88.60M	90.79M	94.11M	103.11M
Diluted Earnings per Share	$0.56	$2.21	$1.10	$0.98	($0.66)
Weighted Average Diluted Shares Outstanding	92.21M	90.96M	92.17M	94.90M	103.11M
Weighted Average Basic & Diluted Shares Outstanding	-	90.20M	92.18M	102.75M	103.56M

No quarterly income statements for Ero Copper are available.

This table details how cash moves in and out of Ero Copper's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric	2020	2021	2022	2023	2024
Net Change in Cash & Equivalents	15	68	48	-66	-374
Net Cash From Operating Activities	72	365	143	189	-7.08
Net Cash From Continuing Operating Activities	72	304	172	189	-7.08
Net Income / (Loss) Continuing Operations	52	203	103	94	-68
Consolidated Net Income / (Loss)	52	203	103	94	-68
Depreciation Expense	39	47	59	83	87
Amortization Expense	0.00	-	-	-17	-18
Non-Cash Adjustments To Reconcile Net Income	-19	70	7.66	29	-8.39
Net Cash From Investing Activities	0.00	-180	-426	-255	-327
Net Cash From Continuing Investing Activities	0.00	-180	-436	-255	-327
Purchase of Property, Plant & Equipment	-	-182	-296	-447	-329
Sale and/or Maturity of Investments	-	-	-140	192	2.20
Net Cash From Financing Activities	-57	-115	327	-7.79	-40
Net Cash From Continuing Financing Activities	-57	-117	323	-7.79	-40
Repayment of Debt	-57	-122	-78	-7.79	-40

No quarterly cash flow statements for Ero Copper are available.

This table presents Ero Copper's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric	2020	2021	2022	2023	2024
Total Assets	497	690	1,188	1,512	1,458
Total Current Assets	128	209	359	160	142
Cash & Equivalents	63	130	178	112	50
Short-Term Investments	-	0.00	140	0.00	0.00
Accounts Receivable	20	31	10	5.71	18
Inventories, net	25	26	31	42	42
Prepaid Expenses	-	22	-	-	29
Current Deferred & Refundable Income Taxes	-	-	-	-	2.28
Plant, Property, & Equipment, net	0.00	445	755	1,252	1,258
Plant, Property & Equipment, gross	-	445	755	1,252	1,258
Total Noncurrent Assets	9.53	34	74	99	28
Noncurrent Deferred & Refundable Income Taxes	14	2.32	0.00	1.32	17
Other Noncurrent Operating Assets	-4.69	32	74	98	11
Total Liabilities & Shareholders' Equity	453	690	1,188	1,512	1,458
Total Liabilities	283	294	646	702	867
Total Current Liabilities	92	123	122	162	212
Short-Term Debt	-	4.34	16	20	46
Accounts Payable	47	66	85	121	102
Other Taxes Payable	-	-	-	-	3.33
Other Current Liabilities	-	45	-	-	61
Total Noncurrent Liabilities	191	172	523	540	655
Long-Term Debt	168	55	402	406	556
Capital Lease Obligations	1.40	2.40	11	20	6.98
Noncurrent Deferred & Payable Income Tax Liabilities	4.00	0.00	6.23	11	0.00
Other Noncurrent Operating Liabilities	17	114	12	18	92
Total Equity & Noncontrolling Interests	214	395	542	809	591
Total Preferred & Common Equity	213	393	539	804	587
Total Common Equity	213	488	539	804	768
Common Stock	126	133	148	271	287
Retained Earnings	154	355	457	550	481
Noncontrolling Interest	1.37	2.43	3.57	5.08	3.94

No quarterly balance sheets for Ero Copper are available.

This table displays calculated financial ratios and metrics derived from Ero Copper's official financial filings.

Metric	2020	2021	2022	2023	2024
Growth Metrics	-	-	-	-	-
Revenue Growth	0.00%	51.17%	-12.97%	0.26%	10.01%
EBITDA Growth	0.00%	144.81%	-37.75%	-5.27%	-106.42%
EBIT Growth	0.00%	209.73%	-50.37%	-13.96%	-179.83%
NOPAT Growth	0.00%	80.19%	-54.53%	-24.50%	-4.58%
Net Income Growth	0.00%	285.98%	-49.14%	-8.50%	-171.88%
EPS Growth	0.00%	294.64%	-50.23%	-10.91%	-167.35%
Operating Cash Flow Growth	0.00%	403.55%	-60.67%	31.68%	-103.75%
Free Cash Flow Firm Growth	0.00%	0.00%	-110.50%	-84.15%	124.21%
Invested Capital Growth	0.00%	2,678.70%	100.72%	74.82%	-2.00%
Revenue Q/Q Growth	0.00%	0.00%	0.00%	0.00%	0.00%
EBITDA Q/Q Growth	0.00%	0.00%	0.00%	0.00%	0.00%
EBIT Q/Q Growth	0.00%	0.00%	0.00%	0.00%	0.00%
NOPAT Q/Q Growth	0.00%	0.00%	0.00%	0.00%	0.00%
Net Income Q/Q Growth	0.00%	0.00%	0.00%	0.00%	0.00%
EPS Q/Q Growth	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Cash Flow Q/Q Growth	0.00%	0.00%	0.00%	0.00%	0.00%
Free Cash Flow Firm Q/Q Growth	0.00%	0.00%	0.00%	0.00%	0.00%
Invested Capital Q/Q Growth	0.00%	0.00%	0.00%	0.00%	0.00%
Profitability Metrics	-	-	-	-	-
Gross Margin	58.05%	65.08%	43.90%	36.69%	38.39%
EBITDA Margin	35.45%	57.40%	41.06%	38.79%	-2.26%
Operating Margin	46.64%	55.55%	30.44%	22.27%	23.16%
EBIT Margin	23.31%	47.75%	27.23%	23.37%	-16.96%
Profit (Net Income) Margin	16.20%	41.36%	24.17%	22.06%	-14.42%
Tax Burden Percent	85.47%	85.53%	81.55%	83.94%	89.86%
Interest Burden Percent	81.33%	101.28%	108.87%	112.48%	94.61%
Effective Tax Rate	14.53%	14.47%	18.45%	16.06%	0.00%
Return on Invested Capital (ROIC)	0.00%	148.70%	21.61%	8.89%	6.74%
ROIC Less NNEP Spread (ROIC-NNEP)	0.00%	169.03%	8.35%	15.36%	-26.66%
Return on Net Nonoperating Assets (RNNOA)	0.00%	-82.21%	0.37%	5.06%	-16.42%
Return on Equity (ROE)	24.52%	66.48%	21.98%	13.96%	-9.68%
Cash Return on Invested Capital (CROIC)	0.00%	-32.41%	-45.38%	-45.55%	8.76%
Operating Return on Assets (OROA)	15.19%	39.42%	12.36%	7.40%	-5.37%
Return on Assets (ROA)	10.56%	34.15%	10.98%	6.99%	-4.57%
Return on Common Equity (ROCE)	24.37%	76.42%	24.07%	13.87%	-10.87%
Return on Equity Simple (ROE_SIMPLE)	24.68%	51.55%	19.14%	11.73%	-11.55%
Net Operating Profit after Tax (NOPAT)	129	233	106	80	76
NOPAT Margin	39.86%	47.51%	24.82%	18.69%	16.21%
Net Nonoperating Expense Percent (NNEP)	-33.83%	-20.33%	13.26%	-6.47%	33.39%
Return On Investment Capital (ROIC_SIMPLE)	-	-	-	6.37%	6.35%
Cost of Revenue to Revenue	41.95%	34.92%	56.10%	63.31%	61.61%
SG&A Expenses to Revenue	11.41%	9.53%	13.46%	12.26%	10.55%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	11.41%	9.53%	13.46%	12.26%	10.55%
Earnings before Interest and Taxes (EBIT)	76	234	116	100	-80
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	115	281	175	166	-11
Valuation Ratios	-	-	-	-	-
Price to Book Value (P/BV)	0.00	0.00	2.30	1.81	1.80
Price to Tangible Book Value (P/TBV)	0.00	0.00	2.30	1.81	1.80
Price to Revenue (P/Rev)	0.00	0.00	2.91	3.41	2.95
Price to Earnings (P/E)	0.00	0.00	5.31	6.12	0.00
Dividend Yield	0.00%	0.00%	0.00%	0.00%	0.00%
Earnings Yield	0.00%	0.00%	18.82%	16.34%	0.00%
Enterprise Value to Invested Capital (EV/IC)	0.00	0.00	2.07	1.57	1.74
Enterprise Value to Revenue (EV/Rev)	0.00	0.00	3.18	4.20	4.14
Enterprise Value to EBITDA (EV/EBITDA)	0.00	0.00	7.74	10.82	0.00
Enterprise Value to EBIT (EV/EBIT)	0.00	0.00	11.68	17.97	0.00
Enterprise Value to NOPAT (EV/NOPAT)	0.00	0.00	12.81	22.46	25.55
Enterprise Value to Operating Cash Flow (EV/OCF)	0.00	0.00	9.45	9.51	0.00
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	0.00	0.00	0.00	19.66
Leverage & Solvency	-	-	-	-	-
Debt to Equity	0.79	0.16	0.79	0.55	1.03
Long-Term Debt to Equity	0.79	0.14	0.76	0.53	0.95
Financial Leverage	-1.06	-0.49	0.04	0.33	0.62
Leverage Ratio	2.32	1.95	2.00	2.00	2.12
Compound Leverage Factor	1.89	1.97	2.18	2.25	2.01
Debt to Total Capital	44.19%	13.49%	44.17%	35.52%	50.75%
Short-Term Debt to Total Capital	0.00%	0.95%	1.62%	1.62%	3.82%
Long-Term Debt to Total Capital	44.19%	12.54%	42.56%	33.90%	46.93%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.36%	0.53%	0.37%	0.40%	0.33%
Common Equity to Total Capital	55.45%	106.74%	55.46%	64.08%	63.95%
Debt to EBITDA	1.48	0.22	2.45	2.69	-57.25
Net Debt to EBITDA	0.93	-0.24	0.64	2.01	-52.51
Long-Term Debt to EBITDA	1.48	0.20	2.36	2.57	-52.93
Debt to NOPAT	1.31	0.26	4.05	5.58	7.99
Net Debt to NOPAT	0.83	-0.29	1.05	4.18	7.33
Long-Term Debt to NOPAT	1.31	0.25	3.91	5.32	7.39
Altman Z-Score	0.00	0.00	2.61	2.25	1.51
Noncontrolling Interest Sharing Ratio	0.64%	-14.95%	-9.48%	0.64%	-12.24%
Liquidity Ratios	-	-	-	-	-
Current Ratio	1.39	1.70	2.93	0.98	0.67
Quick Ratio	0.90	1.31	2.68	0.72	0.33
Cash Flow Metrics	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	0.00	-106	-222	-409	99
Operating Cash Flow to CapEx	0.00%	200.51%	48.47%	42.22%	-2.15%
Free Cash Flow to Firm to Interest Expense	0.00	0.00	0.00	0.00	0.00
Operating Cash Flow to Interest Expense	4.69	0.00	0.00	0.00	0.00
Operating Cash Flow Less CapEx to Interest Expense	4.69	0.00	0.00	0.00	0.00
Efficiency Ratios	-	-	-	-	-
Asset Turnover	0.65	0.83	0.45	0.32	0.32
Accounts Receivable Turnover	15.92	19.19	20.80	53.44	39.01
Inventory Turnover	5.33	6.64	8.40	7.39	6.87
Fixed Asset Turnover	0.00	0.00	0.71	0.43	0.37
Accounts Payable Turnover	2.88	3.01	3.17	2.64	2.60
Days Sales Outstanding (DSO)	22.92	19.02	17.55	6.83	9.36
Days Inventory Outstanding (DIO)	68.46	54.96	43.47	49.37	53.13
Days Payable Outstanding (DPO)	126.85	121.23	115.19	138.45	140.22
Cash Conversion Cycle (CCC)	-35.47	-47.25	-54.18	-82.25	-77.73
Capital & Investment Metrics	-	-	-	-	-
Invested Capital	-13	326	654	1,143	1,120
Invested Capital Turnover	-25.66	3.13	0.87	0.48	0.42
Increase / (Decrease) in Invested Capital	0.00	338	328	489	-23
Enterprise Value (EV)	0.00	0.00	1,356	1,795	1,948
Market Capitalization	0.00	0.00	1,240	1,456	1,385
Book Value per Share	$2.46	$5.51	$5.97	$8.72	$7.47
Tangible Book Value per Share	$2.46	$5.51	$5.97	$8.72	$7.47
Total Capital	384	457	971	1,255	1,200
Total Debt	170	62	429	446	609
Total Long-Term Debt	170	57	413	425	563
Net Debt	107	-68	112	334	559
Capital Expenditures (CapEx)	0.00	182	296	447	329
Debt-free, Cash-free Net Working Capital (DFCFNWC)	-27	-40	-65	-94	-74
Debt-free Net Working Capital (DFNWC)	36	90	252	18	-24
Net Working Capital (NWC)	36	86	236	-2.54	-70
Net Nonoperating Expense (NNE)	77	30	2.77	-14	144
Net Nonoperating Obligations (NNO)	-227	-70	112	334	529
Total Depreciation and Amortization (D&A)	39	47	59	66	69
Debt-free, Cash-free Net Working Capital to Revenue	-8.23%	-8.12%	-15.33%	-21.97%	-15.83%
Debt-free Net Working Capital to Revenue	11.05%	18.45%	59.11%	4.17%	-5.11%
Net Working Capital to Revenue	11.05%	17.56%	55.42%	-0.59%	-14.87%
Earnings Adjustments	-	-	-	-	-
Adjusted Basic Earnings per Share	$0.00	$2.27	$1.12	$0.99	($0.66)
Adjusted Weighted Average Basic Shares Outstanding	0.00	88.60M	90.79M	94.11M	103.11M
Adjusted Diluted Earnings per Share	$0.00	$2.21	$1.10	$0.98	($0.66)
Adjusted Weighted Average Diluted Shares Outstanding	0.00	90.96M	92.17M	94.90M	103.11M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	0.00	90.20M	92.18M	102.75M	103.56M
Normalized Net Operating Profit after Tax (NOPAT)	129	233	106	80	76
Normalized NOPAT Margin	39.86%	47.51%	24.82%	18.69%	16.21%
Pre Tax Income Margin	18.95%	48.36%	29.64%	26.28%	-16.04%
Debt Service Ratios	-	-	-	-	-
EBIT to Interest Expense	4.89	0.00	0.00	0.00	0.00
NOPAT to Interest Expense	8.36	0.00	0.00	0.00	0.00
EBIT Less CapEx to Interest Expense	4.89	0.00	0.00	0.00	0.00
NOPAT Less CapEx to Interest Expense	8.36	0.00	0.00	0.00	0.00
Payout Ratios	-	-	-	-	-
Dividend Payout Ratio	0.00%	0.00%	0.00%	0.00%	0.00%
Augmented Payout Ratio	0.00%	0.00%	0.00%	0.00%	0.00%

No quarterly metrics and ratios for Ero Copper are available.

Frequently Asked Questions About Ero Copper's Financials

When does Ero Copper's financial year end?

According to the most recent income statement we have on file, Ero Copper's fiscal year ends in December. Their fiscal year 2024 ended on December 31, 2024.

How has Ero Copper's net income changed over the last 4 years?

Ero Copper's net income appears to be on a downward trend, with a most recent value of -$67.79 million in 2024, falling from $52.50 million in 2020. The previous period was $94.30 million in 2023.

What is Ero Copper's operating income?

Ero Copper's total operating income in 2024 was $108.92 million, based on the following breakdown:

Total Gross Profit: $180.55 million
Total Operating Expenses: $49.60 million

How has Ero Copper revenue changed over the last 4 years?

Over the last 4 years, Ero Copper's total revenue changed from $324.08 million in 2020 to $470.26 million in 2024, a change of 45.1%.

How much debt does Ero Copper have?

Ero Copper's total liabilities were at $866.95 million at the end of 2024, a 23.4% increase from 2023, and a 206.3% increase since 2020.

How much cash does Ero Copper have?

In the past 4 years, Ero Copper's cash and equivalents has ranged from $50.40 million in 2024 to $177.70 million in 2022, and is currently $50.40 million as of their latest financial filing in 2024.

How has Ero Copper's book value per share changed over the last 4 years?

Over the last 4 years, Ero Copper's book value per share changed from 2.46 in 2020 to 7.47 in 2024, a change of 203.4%.

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This page (NYSE:ERO) was last updated on 4/14/2025 by MarketBeat.com Staff

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Ero Copper (ERO) Financials

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Ero Copper (ERO) Financials

Annual Income Statements for Ero Copper

Quarterly Income Statements for Ero Copper

Annual Cash Flow Statements for Ero Copper

Quarterly Cash Flow Statements for Ero Copper

Annual Balance Sheets for Ero Copper

Quarterly Balance Sheets for Ero Copper

Annual Metrics and Ratios for Ero Copper

Quarterly Metrics and Ratios for Ero Copper

Frequently Asked Questions About Ero Copper's Financials

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