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Ero Copper (ERO) Financials

Ero Copper logo
$14.14 +1.43 (+11.27%)
Closing price 03:59 PM Eastern
Extended Trading
$14.16 +0.01 (+0.08%)
As of 07:33 PM Eastern
Extended trading is trading that happens on electronic markets outside of regular trading hours. This is a fair market value extended hours price provided by Polygon.io. Learn more.
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Annual Income Statements for Ero Copper

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
Period end date 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024
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

Quarterly Income Statements for Ero Copper

No quarterly income statements for Ero Copper are available.

Annual Cash Flow Statements for Ero Copper

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
Period end date 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024
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

Quarterly Cash Flow Statements for Ero Copper

No quarterly cash flow statements for Ero Copper are available.

Annual Balance Sheets for Ero Copper

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
Period end date 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024
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

Quarterly Balance Sheets for Ero Copper

No quarterly balance sheets for Ero Copper are available.

Annual Metrics and Ratios for Ero Copper

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

Metric 2020 2021 2022 2023 2024
Period end date 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024
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%

Quarterly Metrics and Ratios for Ero Copper

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. Find out what analysts predict for Ero Copper in the coming months.

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 5/6/2025 by MarketBeat.com Staff
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