Ero Copper (ERO) Financials

$14.21 -0.08 (-0.56%)

Closing price 05/29/2025 03:59 PM Eastern

Extended Trading

$14.42 +0.21 (+1.48%)

As of 05/29/2025 07:45 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	2024	2023	2022	2021	2020
Period end date	12/31/2024	12/31/2023	12/31/2022	12/31/2021	12/31/2020
Net Income / (Loss) Attributable to Common Shareholders	-300	238	233	378	2.27
Consolidated Net Income / (Loss)	-68	94	103	203	52
Net Income / (Loss) Continuing Operations	-46	104	103	203	52
Total Pre-Tax Income	-75	112	126	237	61
Total Operating Income	109	95	130	272	151
Total Gross Profit	181	157	187	319	188
Total Revenue	470	427	426	490	324
Operating Revenue	470	427	426	490	324
Total Cost of Revenue	290	271	239	171	136
Total Operating Expenses	50	52	57	47	37
Selling, General & Admin Expense	50	52	57	47	37
Total Other Income / (Expense), net	-184	17	-3.40	-35	-90
Interest & Investment Income	4.30	12	10	2.99	1.35
Other Income / (Expense), net	-189	4.69	-14	-38	-76
Income Tax Expense	-7.65	18	23	34	8.93
Net Income / (Loss) Attributable to Noncontrolling Interest	-0.69	-1.50	-1.24	-1.58	-0.88
Other Adjustments to Net Income / (Loss) Attributable to Common Shareholders)	165	-53	-30	24	50
Basic Earnings per Share	($0.66)	$0.99	$1.12	$2.27	$0.60
Weighted Average Basic Shares Outstanding	103.11M	94.11M	90.79M	88.60M	86.37M
Diluted Earnings per Share	($0.66)	$0.98	$1.10	$2.21	$0.56
Weighted Average Diluted Shares Outstanding	103.11M	94.90M	92.17M	90.96M	92.21M
Weighted Average Basic & Diluted Shares Outstanding	103.56M	102.75M	92.18M	90.20M	-

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	2024	2023	2022	2021	2020
Period end date	12/31/2024	12/31/2023	12/31/2022	12/31/2021	12/31/2020
Net Change in Cash & Equivalents	-374	-66	48	68	15
Net Cash From Operating Activities	-7.08	189	143	365	72
Net Cash From Continuing Operating Activities	-7.08	189	172	304	72
Net Income / (Loss) Continuing Operations	-68	94	103	203	52
Consolidated Net Income / (Loss)	-68	94	103	203	52
Depreciation Expense	87	83	59	47	39
Amortization Expense	-18	-17	-	-	0.00
Non-Cash Adjustments To Reconcile Net Income	-8.39	29	7.66	70	-19
Net Cash From Investing Activities	-327	-255	-426	-180	0.00
Net Cash From Continuing Investing Activities	-327	-255	-436	-180	0.00
Purchase of Property, Plant & Equipment	-329	-447	-296	-182	-
Sale and/or Maturity of Investments	2.20	192	-140	-	-
Net Cash From Financing Activities	-40	-7.79	327	-115	-57
Net Cash From Continuing Financing Activities	-40	-7.79	323	-117	-57
Repayment of Debt	-40	-7.79	-78	-122	-57

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

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	2024	2023	2022	2021	2020
Period end date	12/31/2024	12/31/2023	12/31/2022	12/31/2021	12/31/2020
Growth Metrics	-	-	-	-	-
Revenue Growth	10.01%	0.26%	-12.97%	51.17%	0.00%
EBITDA Growth	-106.42%	-5.27%	-37.75%	144.81%	0.00%
EBIT Growth	-179.83%	-13.96%	-50.37%	209.73%	0.00%
NOPAT Growth	-4.58%	-24.50%	-54.53%	80.19%	0.00%
Net Income Growth	-171.88%	-8.50%	-49.14%	285.98%	0.00%
EPS Growth	-167.35%	-10.91%	-50.23%	294.64%	0.00%
Operating Cash Flow Growth	-103.75%	31.68%	-60.67%	403.55%	0.00%
Free Cash Flow Firm Growth	124.21%	-84.15%	-110.50%	0.00%	0.00%
Invested Capital Growth	-2.00%	74.82%	100.72%	2,678.70%	0.00%
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	38.39%	36.69%	43.90%	65.08%	58.05%
EBITDA Margin	-2.26%	38.79%	41.06%	57.40%	35.45%
Operating Margin	23.16%	22.27%	30.44%	55.55%	46.64%
EBIT Margin	-16.96%	23.37%	27.23%	47.75%	23.31%
Profit (Net Income) Margin	-14.42%	22.06%	24.17%	41.36%	16.20%
Tax Burden Percent	89.86%	83.94%	81.55%	85.53%	85.47%
Interest Burden Percent	94.61%	112.48%	108.87%	101.28%	81.33%
Effective Tax Rate	0.00%	16.06%	18.45%	14.47%	14.53%
Return on Invested Capital (ROIC)	6.74%	8.89%	21.61%	148.70%	0.00%
ROIC Less NNEP Spread (ROIC-NNEP)	-26.66%	15.36%	8.35%	169.03%	0.00%
Return on Net Nonoperating Assets (RNNOA)	-16.42%	5.06%	0.37%	-82.21%	0.00%
Return on Equity (ROE)	-9.68%	13.96%	21.98%	66.48%	24.52%
Cash Return on Invested Capital (CROIC)	8.76%	-45.55%	-45.38%	-32.41%	0.00%
Operating Return on Assets (OROA)	-5.37%	7.40%	12.36%	39.42%	15.19%
Return on Assets (ROA)	-4.57%	6.99%	10.98%	34.15%	10.56%
Return on Common Equity (ROCE)	-10.87%	13.87%	24.07%	76.42%	24.37%
Return on Equity Simple (ROE_SIMPLE)	-11.55%	11.73%	19.14%	51.55%	24.68%
Net Operating Profit after Tax (NOPAT)	76	80	106	233	129
NOPAT Margin	16.21%	18.69%	24.82%	47.51%	39.86%
Net Nonoperating Expense Percent (NNEP)	33.39%	-6.47%	13.26%	-20.33%	-33.83%
Return On Investment Capital (ROIC_SIMPLE)	6.35%	6.37%	-	-	-
Cost of Revenue to Revenue	61.61%	63.31%	56.10%	34.92%	41.95%
SG&A Expenses to Revenue	10.55%	12.26%	13.46%	9.53%	11.41%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	10.55%	12.26%	13.46%	9.53%	11.41%
Earnings before Interest and Taxes (EBIT)	-80	100	116	234	76
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	-11	166	175	281	115
Valuation Ratios	-	-	-	-	-
Price to Book Value (P/BV)	1.80	1.81	2.30	0.00	0.00
Price to Tangible Book Value (P/TBV)	1.80	1.81	2.30	0.00	0.00
Price to Revenue (P/Rev)	2.95	3.41	2.91	0.00	0.00
Price to Earnings (P/E)	0.00	6.12	5.31	0.00	0.00
Dividend Yield	0.00%	0.00%	0.00%	0.00%	0.00%
Earnings Yield	0.00%	16.34%	18.82%	0.00%	0.00%
Enterprise Value to Invested Capital (EV/IC)	1.74	1.57	2.07	0.00	0.00
Enterprise Value to Revenue (EV/Rev)	4.14	4.20	3.18	0.00	0.00
Enterprise Value to EBITDA (EV/EBITDA)	0.00	10.82	7.74	0.00	0.00
Enterprise Value to EBIT (EV/EBIT)	0.00	17.97	11.68	0.00	0.00
Enterprise Value to NOPAT (EV/NOPAT)	25.55	22.46	12.81	0.00	0.00
Enterprise Value to Operating Cash Flow (EV/OCF)	0.00	9.51	9.45	0.00	0.00
Enterprise Value to Free Cash Flow (EV/FCFF)	19.66	0.00	0.00	0.00	0.00
Leverage & Solvency	-	-	-	-	-
Debt to Equity	1.03	0.55	0.79	0.16	0.79
Long-Term Debt to Equity	0.95	0.53	0.76	0.14	0.79
Financial Leverage	0.62	0.33	0.04	-0.49	-1.06
Leverage Ratio	2.12	2.00	2.00	1.95	2.32
Compound Leverage Factor	2.01	2.25	2.18	1.97	1.89
Debt to Total Capital	50.75%	35.52%	44.17%	13.49%	44.19%
Short-Term Debt to Total Capital	3.82%	1.62%	1.62%	0.95%	0.00%
Long-Term Debt to Total Capital	46.93%	33.90%	42.56%	12.54%	44.19%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.33%	0.40%	0.37%	0.53%	0.36%
Common Equity to Total Capital	63.95%	64.08%	55.46%	106.74%	55.45%
Debt to EBITDA	-57.25	2.69	2.45	0.22	1.48
Net Debt to EBITDA	-52.51	2.01	0.64	-0.24	0.93
Long-Term Debt to EBITDA	-52.93	2.57	2.36	0.20	1.48
Debt to NOPAT	7.99	5.58	4.05	0.26	1.31
Net Debt to NOPAT	7.33	4.18	1.05	-0.29	0.83
Long-Term Debt to NOPAT	7.39	5.32	3.91	0.25	1.31
Altman Z-Score	1.51	2.25	2.61	0.00	0.00
Noncontrolling Interest Sharing Ratio	-12.24%	0.64%	-9.48%	-14.95%	0.64%
Liquidity Ratios	-	-	-	-	-
Current Ratio	0.67	0.98	2.93	1.70	1.39
Quick Ratio	0.33	0.72	2.68	1.31	0.90
Cash Flow Metrics	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	99	-409	-222	-106	0.00
Operating Cash Flow to CapEx	-2.15%	42.22%	48.47%	200.51%	0.00%
Free Cash Flow to Firm to Interest Expense	0.00	0.00	0.00	0.00	0.00
Operating Cash Flow to Interest Expense	0.00	0.00	0.00	0.00	4.69
Operating Cash Flow Less CapEx to Interest Expense	0.00	0.00	0.00	0.00	4.69
Efficiency Ratios	-	-	-	-	-
Asset Turnover	0.32	0.32	0.45	0.83	0.65
Accounts Receivable Turnover	39.01	53.44	20.80	19.19	15.92
Inventory Turnover	6.87	7.39	8.40	6.64	5.33
Fixed Asset Turnover	0.37	0.43	0.71	0.00	0.00
Accounts Payable Turnover	2.60	2.64	3.17	3.01	2.88
Days Sales Outstanding (DSO)	9.36	6.83	17.55	19.02	22.92
Days Inventory Outstanding (DIO)	53.13	49.37	43.47	54.96	68.46
Days Payable Outstanding (DPO)	140.22	138.45	115.19	121.23	126.85
Cash Conversion Cycle (CCC)	-77.73	-82.25	-54.18	-47.25	-35.47
Capital & Investment Metrics	-	-	-	-	-
Invested Capital	1,120	1,143	654	326	-13
Invested Capital Turnover	0.42	0.48	0.87	3.13	-25.66
Increase / (Decrease) in Invested Capital	-23	489	328	338	0.00
Enterprise Value (EV)	1,948	1,795	1,356	0.00	0.00
Market Capitalization	1,385	1,456	1,240	0.00	0.00
Book Value per Share	$7.47	$8.72	$5.97	$5.51	$2.46
Tangible Book Value per Share	$7.47	$8.72	$5.97	$5.51	$2.46
Total Capital	1,200	1,255	971	457	384
Total Debt	609	446	429	62	170
Total Long-Term Debt	563	425	413	57	170
Net Debt	559	334	112	-68	107
Capital Expenditures (CapEx)	329	447	296	182	0.00
Debt-free, Cash-free Net Working Capital (DFCFNWC)	-74	-94	-65	-40	-27
Debt-free Net Working Capital (DFNWC)	-24	18	252	90	36
Net Working Capital (NWC)	-70	-2.54	236	86	36
Net Nonoperating Expense (NNE)	144	-14	2.77	30	77
Net Nonoperating Obligations (NNO)	529	334	112	-70	-227
Total Depreciation and Amortization (D&A)	69	66	59	47	39
Debt-free, Cash-free Net Working Capital to Revenue	-15.83%	-21.97%	-15.33%	-8.12%	-8.23%
Debt-free Net Working Capital to Revenue	-5.11%	4.17%	59.11%	18.45%	11.05%
Net Working Capital to Revenue	-14.87%	-0.59%	55.42%	17.56%	11.05%
Earnings Adjustments	-	-	-	-	-
Adjusted Basic Earnings per Share	($0.66)	$0.99	$1.12	$2.27	$0.00
Adjusted Weighted Average Basic Shares Outstanding	103.11M	94.11M	90.79M	88.60M	0.00
Adjusted Diluted Earnings per Share	($0.66)	$0.98	$1.10	$2.21	$0.00
Adjusted Weighted Average Diluted Shares Outstanding	103.11M	94.90M	92.17M	90.96M	0.00
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	103.56M	102.75M	92.18M	90.20M	0.00
Normalized Net Operating Profit after Tax (NOPAT)	76	80	106	233	129
Normalized NOPAT Margin	16.21%	18.69%	24.82%	47.51%	39.86%
Pre Tax Income Margin	-16.04%	26.28%	29.64%	48.36%	18.95%
Debt Service Ratios	-	-	-	-	-
EBIT to Interest Expense	0.00	0.00	0.00	0.00	4.89
NOPAT to Interest Expense	0.00	0.00	0.00	0.00	8.36
EBIT Less CapEx to Interest Expense	0.00	0.00	0.00	0.00	4.89
NOPAT Less CapEx to Interest Expense	0.00	0.00	0.00	0.00	8.36
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 fiscal year end?

According to the most recent income statement we have on file, Ero Copper's financial year ends in December. Their financial 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. See Ero Copper's forecast for analyst expectations on what’s next for the company.

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 5/30/2025 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

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Quarterly Metrics And Ratios for Ero Copper

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