Southern Copper (SCCO) Financials

$96.44 -0.28 (-0.29%)

As of 01:55 PM Eastern

Annual Income Statements for Southern Copper

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

Metric	2014	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Period end date	12/31/2014	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024
Net Income / (Loss) Attributable to Common Shareholders	1,333	736	777	729	1,543	1,486	1,570	3,397	2,639	2,425	3,377
Consolidated Net Income / (Loss)	1,338	741	779	732	1,548	1,492	1,578	3,411	2,648	2,435	3,389
Net Income / (Loss) Continuing Operations	1,338	586	656	1,374	1,497	1,471	1,578	3,285	2,767	2,376	3,336
Total Pre-Tax Income	2,069	1,189	1,256	2,303	2,589	2,427	2,746	5,697	4,248	3,956	5,357
Total Operating Income	2,233	1,414	1,564	2,619	2,881	2,753	3,121	6,065	4,436	4,192	5,555
Total Gross Profit	2,947	2,118	2,346	3,402	3,688	3,679	4,055	7,040	5,399	5,208	6,592
Total Revenue	5,788	5,046	5,380	6,655	7,097	7,286	7,985	10,934	10,048	9,896	11,433
Operating Revenue	5,788	5,046	5,380	6,655	7,097	7,286	7,985	10,934	10,048	9,896	11,433
Total Cost of Revenue	2,841	2,928	3,034	3,253	3,409	3,606	3,930	3,894	4,649	4,688	4,841
Operating Cost of Revenue	2,841	2,928	3,034	3,253	3,409	3,606	3,930	3,894	4,649	4,688	4,841
Total Operating Expenses	715	704	782	783	807	926	934	975	963	1,016	1,037
Selling, General & Admin Expense	103	99	94	93	103	132	126	125	125	127	131
Exploration Expense	75	49	40	29	30	30	33	43	42	55	61
Depreciation Expense	445	511	647	671	674	764	776	806	796	834	846
Total Other Income / (Expense), net	-164	-225	-308	-316	-292	-327	-375	-368	-188	-237	-197
Interest Expense	139	211	291	306	277	341	367	357	340	327	334
Interest & Investment Income	15	11	7.10	5.50	16	21	19	7.20	35	87	131
Other Income / (Expense), net	-41	-25	-25	-16	-31	-7.00	-28	-18	117	3.60	5.50
Income Tax Expense	755	620	624	952	1,105	966	1,174	2,426	1,478	1,578	2,027
Other Gains / (Losses), net	24	17	24	23	12	11	6.40	14	-3.70	-2.20	6.40
Other Adjustments to Consolidated Net Income / (Loss)	-	155	123	-642	52	21	-	126	-119	59	52
Net Income / (Loss) Attributable to Noncontrolling Interest	4.90	4.70	2.30	3.90	5.20	6.10	7.40	14	9.50	9.50	12
Basic Earnings per Share	$1.61	$0.93	$1.00	$0.94	$2.00	$1.92	$2.03	$4.39	$3.41	$3.14	$4.34
Weighted Average Basic Shares Outstanding	828.20M	794.70M	773.60M	773M	773M	773.10M	773.10M	773.10M	773.10M	773.10M	780.40M
Diluted Earnings per Share	$1.61	$0.93	$1.00	$0.94	$2.00	$1.92	$2.03	$4.39	$3.41	$3.14	$4.34
Weighted Average Diluted Shares Outstanding	828.20M	794.70M	773.60M	773M	773M	773.10M	773.10M	773.10M	773.10M	773.10M	780.40M
Weighted Average Basic & Diluted Shares Outstanding	828.20M	794.70M	773.60M	773M	773M	773.10M	773.10M	773.09M	773.10M	773.11M	796.18M
Cash Dividends to Common per Share	$0.46	$0.34	$0.18	$0.59	$1.40	$1.60	$1.50	$3.20	$3.50	$4.00	$2.10

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

Metric	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025
Period end date	12/31/2022	3/31/2023	6/30/2023	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025	6/30/2025
Net Income / (Loss) Attributable to Common Shareholders	903	813	548	620	445	736	950	897	794	946	973
Consolidated Net Income / (Loss)	905	816	550	622	447	739	954	900	796	949	977
Net Income / (Loss) Continuing Operations	1,024	816	550	622	388	739	954	900	744	949	977
Total Pre-Tax Income	1,368	1,303	848	1,017	788	1,156	1,531	1,427	1,245	1,479	1,544
Total Operating Income	1,370	1,354	901	1,069	869	1,190	1,607	1,450	1,307	1,536	1,587
Total Gross Profit	1,614	1,600	1,153	1,330	1,126	1,442	1,869	1,708	1,573	1,803	1,839
Total Revenue	2,820	2,794	2,301	2,506	2,296	2,600	3,118	2,931	2,784	3,122	3,051
Operating Revenue	2,820	2,794	2,301	2,506	2,296	2,600	3,118	2,931	2,784	3,122	3,051
Total Cost of Revenue	1,207	1,194	1,148	1,176	1,170	1,158	1,249	1,223	1,212	1,319	1,212
Operating Cost of Revenue	1,207	1,194	1,148	1,176	1,170	1,158	1,249	1,223	1,212	1,319	1,212
Total Operating Expenses	244	246	252	261	257	253	262	258	265	267	252
Selling, General & Admin Expense	34	30	31	33	33	31	34	31	35	32	33
Exploration Expense	11	12	12	16	16	13	19	13	16	12	14
Depreciation Expense	199	204	209	213	208	209	210	213	214	224	206
Total Other Income / (Expense), net	-1.90	-51	-53	-52	-81	-34	-77	-24	-63	-57	-43
Interest Expense	83	83	82	82	81	81	83	83	87	92	94
Interest & Investment Income	18	21	23	21	21	27	27	38	39	49	53
Other Income / (Expense), net	63	11	5.60	8.90	-21	19	-20	21	-15	-14	-2.30
Income Tax Expense	341	481	295	395	408	423	579	526	499	533	576
Other Gains / (Losses), net	-3.90	-6.40	-3.80	-0.10	8.10	6.70	2.00	-0.50	-1.80	3.30	8.80
Net Income / (Loss) Attributable to Noncontrolling Interest	2.60	2.70	2.10	2.50	2.20	2.80	3.60	3.10	2.30	3.20	3.20
Basic Earnings per Share	$1.16	$1.05	$0.71	$0.80	$0.58	$0.95	$1.21	$1.15	$1.02	$1.19	$1.21
Weighted Average Basic Shares Outstanding	773.10M	773.10M	773.10M	773.10M	773.10M	773.10M	785.60M	782.90M	780.40M	792.50M	807.80M
Diluted Earnings per Share	$1.16	$1.05	$0.71	$0.80	$0.58	$0.95	$1.21	$1.15	$1.02	$1.19	$1.21
Weighted Average Diluted Shares Outstanding	773.10M	773.10M	773.10M	773.10M	773.10M	773.10M	785.60M	782.90M	780.40M	792.50M	807.80M
Weighted Average Basic & Diluted Shares Outstanding	773.10M	773.10M	773.11M	773.11M	773.11M	773.12M	781.16M	785.54M	796.18M	796.19M	804.07M

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

Metric	2014	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Period end date	12/31/2014	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024
Net Change in Cash & Equivalents	-1,309	-90	260	502	-145	1,081	259	818	-932	-918	2,107
Net Cash From Operating Activities	1,356	880	923	1,977	2,235	1,912	2,784	4,292	2,803	3,573	4,422
Net Cash From Continuing Operating Activities	1,356	880	923	1,977	2,235	1,904	2,785	4,291	2,787	3,574	4,422
Net Income / (Loss) Continuing Operations	1,338	741	779	732	1,548	1,492	1,578	3,411	2,648	2,435	3,389
Consolidated Net Income / (Loss)	1,338	741	779	732	1,548	1,492	1,578	3,411	2,648	2,435	3,389
Depreciation Expense	445	511	647	671	674	764	776	806	796	834	846
Non-Cash Adjustments To Reconcile Net Income	-62	-9.00	8.00	22	40	16	-1.80	-8.80	183	29	25
Changes in Operating Assets and Liabilities, net	-365	-363	-511	552	-28	-368	434	82	-840	277	162
Net Cash From Investing Activities	-1,655	-1,461	-452	-1,019	-1,296	-574	-916	-973	-667	-1,398	-673
Net Cash From Continuing Investing Activities	-1,655	-1,461	-452	-1,019	-1,296	-574	-916	-973	-667	-1,398	-673
Purchase of Property, Plant & Equipment	-1,530	-1,150	-1,119	-1,024	-1,121	-708	-592	-892	-949	-1,009	-1,027
Purchase of Investments	-437	-957	-130	-61	-311	-284	-450	-1,653	-486	-809	-612
Sale and/or Maturity of Investments	306	742	793	62	147	418	120	1,577	765	418	966
Other Investing Activities, net	4.90	3.80	3.20	3.50	-12	0.40	6.50	-4.50	3.20	1.20	0.00
Net Cash From Financing Activities	-1,065	492	-211	-456	-1,083	-262	-1,563	-2,480	-3,011	-3,101	-1,645
Net Cash From Continuing Financing Activities	-1,065	492	-211	-456	-1,083	-262	-1,563	-2,480	-3,011	-3,101	-1,645
Repayment of Debt	-	-278	-	-	0.00	-9.40	-400	0.30	-300	0.30	0.40
Payment of Dividends	-382	-272	-139	-456	-1,084	-1,240	-1,164	-2,481	-2,711	-3,102	-1,646
Effect of Exchange Rate Changes	55	-0.50	-	-	-	4.80	-46	-21	-57	8.30	3.40
Cash Interest Paid	262	316	357	357	357	357	384	380	380	370	370
Cash Income Taxes Paid	848	738	572	890	1,155	1,139	1,037	1,947	2,392	1,434	1,591

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

Metric	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025
Period end date	12/31/2022	3/31/2023	6/30/2023	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025	6/30/2025
Net Change in Cash & Equivalents	-115	230	-101	-232	-816	101	623	780	603	858	-781
Net Cash From Operating Activities	1,082	1,185	797	1,050	541	660	962	1,439	1,361	721	977
Net Cash From Continuing Operating Activities	1,067	1,185	797	1,050	542	660	962	1,439	1,361	721	977
Net Income / (Loss) Continuing Operations	905	816	550	622	447	739	954	900	796	949	977
Consolidated Net Income / (Loss)	905	816	550	622	447	739	954	900	796	949	977
Depreciation Expense	199	204	209	213	208	209	210	213	214	224	206
Non-Cash Adjustments To Reconcile Net Income	106	20	16	-0.10	-7.30	3.60	-3.20	22	3.00	25	60
Changes in Operating Assets and Liabilities, net	-143	145	22	216	-106	-292	-198	305	347	-477	-266
Net Cash From Investing Activities	-496	-170	-112	-509	-607	56	-332	-236	-162	-291	-693
Net Cash From Continuing Investing Activities	-496	-170	-112	-509	-607	56	-332	-236	-162	-291	-693
Purchase of Property, Plant & Equipment	-291	-238	-253	-263	-255	-214	-332	-246	-235	-318	-236
Sale and/or Maturity of Investments	278	68	140	-247	457	270	0.10	10	685	27	-457
Net Cash From Financing Activities	-688	-775	-776	-775	-776	-620	-	-471	-554	433	-1,060
Net Cash From Continuing Financing Activities	-688	-775	-776	-775	-776	-620	-	-471	-554	433	-1,060
Repayment of Debt	-296	-1.60	-2.70	-2.10	6.70	-1.60	-	-2.30	4.30	-7.60	-503
Payment of Dividends	-392	-773	-773	-773	-782	-619	-	-469	-558	-553	-557
Effect of Exchange Rate Changes	-13	-10	-10	2.40	26	4.90	-7.30	47	-41	-5.40	-4.80

This table presents Southern 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	2014	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Period end date	12/31/2014	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024
Total Assets	11,394	12,593	13,234	13,780	14,288	16,407	16,947	18,298	17,277	16,725	18,714
Total Current Assets	2,359	2,484	2,566	3,170	3,180	4,185	4,815	6,140	5,188	4,430	6,174
Cash & Equivalents	364	275	546	1,005	845	1,925	2,184	3,002	2,070	1,152	3,258
Short-Term Investments	339	604	51	51	214	81	411	487	208	599	245
Accounts Receivable	622	551	669	976	973	912	1,137	1,447	1,474	1,228	1,244
Inventories, net	836	857	1,010	1,042	1,033	1,069	950	973	1,014	1,017	1,049
Current Deferred & Refundable Income Taxes	145	166	249	86	87	172	105	198	378	395	347
Other Current Assets	34	28	37	11	29	26	29	34	44	38	32
Plant, Property, & Equipment, net	7,436	8,263	8,767	9,100	9,404	9,371	9,459	9,464	9,597	9,783	9,883
Total Noncurrent Assets	1,599	1,846	1,902	1,510	1,704	2,852	2,673	2,694	2,493	2,513	2,656
Long-Term Investments	67	76	88	100	104	112	114	115	111	108	112
Goodwill	124	155	154	153	148	148	143	138	135	130	125
Noncurrent Deferred & Refundable Income Taxes	541	614	727	165	204	184	230	316	237	256	311
Other Noncurrent Operating Assets	707	890	933	1,093	1,249	2,348	2,185	2,124	2,010	2,018	2,109
Total Liabilities & Shareholders' Equity	11,394	12,593	13,234	13,780	14,288	16,407	16,947	18,298	17,277	16,725	18,714
Total Liabilities	5,557	7,294	7,363	7,631	7,675	9,549	9,671	10,090	9,131	9,244	9,475
Total Current Liabilities	1,138	920	999	1,168	1,216	1,477	1,385	2,250	1,236	1,389	2,248
Short-Term Debt	200	-	-	-	-	400	0.00	300	-	0.00	500
Accounts Payable	547	647	584	660	673	598	595	592	658	653	615
Accrued Expenses	198	125	125	177	207	175	248	326	266	283	319
Current Deferred & Payable Income Tax Liabilities	80	39	185	226	233	116	341	833	138	278	635
Other Current Liabilities	39	22	19	21	20	91	103	102	77	78	82
Other Current Nonoperating Liabilities	74	87	86	84	84	96	99	99	97	97	97
Total Noncurrent Liabilities	4,420	6,374	6,364	6,462	6,459	8,073	8,286	7,840	7,895	7,856	7,227
Long-Term Debt	3,981	5,952	5,954	5,957	5,960	6,541	6,544	6,248	6,251	6,255	5,759
Asset Retirement Reserve & Litigation Obligation	116	191	217	223	218	262	545	563	585	613	546
Noncurrent Deferred & Payable Income Tax Liabilities	266	196	163	246	213	179	159	118	202	225	229
Other Noncurrent Operating Liabilities	57	35	31	37	68	1,090	1,037	911	857	764	693
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	5,837	5,299	5,871	6,149	6,613	6,858	7,276	8,208	8,147	7,481	9,238
Total Preferred & Common Equity	5,805	5,263	5,832	6,108	6,567	6,810	7,225	8,149	8,084	7,418	9,172
Total Common Equity	5,805	5,263	5,832	6,108	6,567	6,810	7,225	8,149	8,084	7,418	9,172
Common Stock	3,354	3,359	3,367	3,382	3,403	3,434	3,450	3,463	3,499	3,542	5,035
Retained Earnings	4,347	4,812	5,455	5,726	6,187	6,436	6,846	7,770	7,702	7,034	6,840
Treasury Stock	-1,901	-2,909	-2,988	-3,001	-3,020	-3,049	-3,064	-3,074	-3,108	-3,149	-2,701
Accumulated Other Comprehensive Income / (Loss)	4.80	1.10	-2.40	0.50	-2.40	-10	-8.40	-9.40	-9.00	-8.00	-2.20
Noncontrolling Interest	32	36	39	42	45	48	51	59	63	63	67

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

Metric	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025
Period end date	12/31/2022	3/31/2023	6/30/2023	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025	6/30/2025
Total Assets	17,277	17,323	16,940	16,965	16,725	16,789	17,778	18,416	18,714	19,791	19,555
Total Current Assets	5,188	5,198	4,770	4,748	4,430	4,441	5,334	5,926	6,174	7,220	7,002
Cash & Equivalents	2,070	2,300	2,199	1,967	1,152	1,252	1,875	2,655	3,258	4,116	3,335
Short-Term Investments	208	141	0.30	247	599	329	329	319	245	218	675
Accounts Receivable	1,474	1,327	1,157	1,211	1,228	1,395	1,704	1,589	1,244	1,605	1,628
Inventories, net	1,014	982	985	976	1,017	1,014	1,017	991	1,049	966	1,005
Current Deferred & Refundable Income Taxes	378	393	386	304	395	411	381	350	347	279	334
Other Current Assets	44	56	42	44	38	39	27	23	32	35	25
Plant, Property, & Equipment, net	9,597	9,614	9,688	9,731	9,783	9,783	9,872	9,927	9,883	9,935	9,915
Total Noncurrent Assets	2,493	2,512	2,482	2,486	2,513	2,565	2,573	2,562	2,656	2,637	2,637
Long-Term Investments	111	104	100	100	108	114	115	114	112	115	121
Goodwill	135	135	132	131	130	129	127	125	125	123	122
Noncurrent Deferred & Refundable Income Taxes	237	261	236	257	256	253	269	274	311	289	260
Other Noncurrent Operating Assets	2,010	2,012	2,014	1,999	2,018	2,069	2,062	2,049	2,109	2,110	2,135
Total Liabilities & Shareholders' Equity	17,277	17,323	16,940	16,965	16,725	16,789	17,778	18,416	18,714	19,791	19,555
Total Liabilities	9,131	9,135	8,977	9,157	9,244	9,183	9,218	9,426	9,475	10,155	9,501
Total Current Liabilities	1,236	1,247	1,061	1,284	1,389	1,340	1,898	2,139	2,248	1,944	1,329
Short-Term Debt	-	-	-	-	0.00	-	500	500	500	500	0.00
Accounts Payable	658	663	610	619	653	749	647	609	615	684	647
Accrued Expenses	266	236	194	253	283	245	213	296	319	282	218
Current Deferred & Payable Income Tax Liabilities	138	101	85	214	278	142	365	532	635	260	265
Other Current Liabilities	77	121	75	72	78	77	77	76	82	83	84
Other Current Nonoperating Liabilities	97	127	97	127	97	127	97	127	97	135	115
Total Noncurrent Liabilities	7,895	7,888	7,916	7,873	7,856	7,843	7,319	7,287	7,227	8,210	8,172
Long-Term Debt	6,251	6,252	6,253	6,254	6,255	6,256	5,757	5,758	5,759	6,747	6,748
Asset Retirement Reserve & Litigation Obligation	585	592	598	604	613	618	619	622	546	533	510
Noncurrent Deferred & Payable Income Tax Liabilities	202	221	243	227	225	234	240	219	229	224	237
Other Noncurrent Operating Liabilities	857	823	822	788	764	736	704	688	693	707	677
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	8,147	8,188	7,963	7,808	7,481	7,606	8,560	8,989	9,238	9,637	10,053
Total Preferred & Common Equity	8,084	8,125	7,900	7,745	7,418	7,542	8,493	8,921	9,172	9,568	9,985
Total Common Equity	8,084	8,125	7,900	7,745	7,418	7,542	8,492	8,921	9,172	9,568	9,985
Common Stock	3,499	3,507	3,524	3,523	3,542	3,550	4,266	4,617	5,035	5,442	5,900
Retained Earnings	7,702	7,742	7,517	7,362	7,034	7,157	7,181	7,143	6,840	6,683	6,459
Treasury Stock	-3,108	-3,115	-3,132	-3,131	-3,149	-3,157	-2,946	-2,831	-2,701	-2,554	-2,372
Accumulated Other Comprehensive Income / (Loss)	-9.00	-9.00	-9.00	-9.00	-8.00	-8.00	-8.00	-8.00	-2.20	-2.20	-2.20
Noncontrolling Interest	63	64	63	63	63	64	68	68	67	68	69

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

Metric	2014	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Period end date	12/31/2014	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	-2.78%	-12.82%	6.62%	23.69%	6.65%	2.66%	9.60%	36.93%	-8.10%	-1.51%	15.54%
EBITDA Growth	-10.47%	-27.95%	15.10%	49.74%	7.65%	-0.41%	10.21%	77.13%	-21.94%	-5.98%	27.37%
EBIT Growth	-14.02%	-36.63%	10.83%	69.08%	9.50%	-3.67%	12.64%	95.48%	-24.70%	-7.84%	32.52%
NOPAT Growth	-17.11%	-52.29%	16.40%	95.09%	7.50%	0.30%	7.80%	95.01%	-16.94%	-12.89%	37.01%
Net Income Growth	-17.63%	-44.61%	5.09%	-5.96%	111.39%	-3.64%	5.76%	116.20%	-22.37%	-8.06%	39.18%
EPS Growth	-16.15%	-42.24%	7.53%	-6.00%	112.77%	-4.00%	5.73%	116.26%	-22.32%	-7.92%	38.22%
Operating Cash Flow Growth	-27.07%	-35.11%	4.92%	114.13%	13.08%	-14.46%	45.59%	54.20%	-34.71%	27.50%	23.75%
Free Cash Flow Firm Growth	-93.72%	-2,708.00%	86.19%	3,215.34%	-30.82%	15.26%	71.24%	46.32%	-40.86%	30.26%	29.99%
Invested Capital Growth	17.76%	11.58%	8.12%	-1.67%	4.16%	2.46%	-4.82%	0.35%	7.62%	-1.09%	0.04%
Revenue Q/Q Growth	-1.09%	-4.12%	2.76%	7.52%	-2.33%	2.25%	6.62%	4.52%	-0.03%	-5.04%	4.47%
EBITDA Q/Q Growth	-3.51%	-14.09%	15.61%	13.37%	-5.49%	0.05%	13.74%	7.41%	-1.75%	-10.28%	7.58%
EBIT Q/Q Growth	-3.95%	-19.85%	20.25%	17.18%	-6.76%	-0.11%	17.40%	8.21%	-1.88%	-12.25%	8.71%
NOPAT Q/Q Growth	-4.39%	-40.00%	26.23%	24.87%	-6.23%	4.16%	20.20%	3.54%	10.62%	-19.50%	11.57%
Net Income Q/Q Growth	-4.18%	-27.93%	16.52%	-38.51%	60.02%	0.84%	22.10%	7.70%	2.66%	-15.83%	11.48%
EPS Q/Q Growth	-3.01%	-26.77%	13.64%	-38.56%	61.29%	1.05%	21.56%	7.60%	2.71%	-15.59%	11.28%
Operating Cash Flow Q/Q Growth	-15.96%	-16.74%	32.14%	26.12%	-10.07%	5.24%	24.86%	3.18%	-4.95%	-13.15%	22.75%
Free Cash Flow Firm Q/Q Growth	-92.51%	-91.84%	83.31%	208.05%	-44.30%	24.16%	22.09%	3.68%	-3.34%	-18.75%	28.51%
Invested Capital Q/Q Growth	5.33%	2.08%	0.89%	-6.44%	0.69%	-1.03%	-2.16%	-2.18%	0.81%	0.83%	-2.50%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	50.92%	41.98%	43.60%	51.12%	51.96%	50.50%	50.78%	64.38%	53.73%	52.63%	57.66%
EBITDA Margin	45.56%	37.65%	40.65%	49.20%	49.67%	48.18%	48.45%	62.67%	53.24%	50.82%	56.03%
Operating Margin	38.58%	28.03%	29.08%	39.36%	40.60%	37.79%	39.08%	55.47%	44.15%	42.36%	48.58%
EBIT Margin	37.87%	27.53%	28.62%	39.12%	40.17%	37.69%	38.74%	55.30%	45.31%	42.40%	48.63%
Profit (Net Income) Margin	23.12%	14.69%	14.48%	11.01%	21.82%	20.48%	19.76%	31.20%	26.35%	24.60%	29.64%
Tax Burden Percent	64.68%	62.32%	62.01%	31.81%	59.79%	61.48%	57.46%	59.88%	62.34%	61.55%	63.25%
Interest Burden Percent	94.37%	85.61%	81.58%	88.46%	90.84%	88.36%	88.77%	94.21%	93.30%	94.28%	96.35%
Effective Tax Rate	36.48%	52.16%	49.65%	41.33%	42.67%	39.82%	42.77%	42.58%	34.78%	39.89%	37.84%
Return on Invested Capital (ROIC)	16.49%	6.88%	7.29%	13.81%	14.66%	14.24%	15.54%	31.01%	24.77%	20.93%	28.83%
ROIC Less NNEP Spread (ROIC-NNEP)	13.72%	8.38%	7.12%	-1.90%	12.54%	10.88%	10.84%	28.96%	17.78%	18.91%	27.06%
Return on Net Nonoperating Assets (RNNOA)	6.99%	6.43%	6.65%	-1.62%	9.60%	7.91%	6.79%	13.05%	7.61%	10.23%	11.71%
Return on Equity (ROE)	23.48%	13.31%	13.94%	12.19%	24.26%	22.15%	22.33%	44.06%	32.38%	31.16%	40.54%
Cash Return on Invested Capital (CROIC)	0.18%	-4.07%	-0.51%	15.49%	10.58%	11.81%	20.47%	30.66%	17.44%	22.03%	28.79%
Operating Return on Assets (OROA)	19.58%	11.58%	11.92%	19.27%	20.31%	17.89%	18.55%	34.31%	25.60%	24.68%	31.38%
Return on Assets (ROA)	11.95%	6.18%	6.03%	5.42%	11.03%	9.72%	9.46%	19.36%	14.89%	14.32%	19.12%
Return on Common Equity (ROCE)	23.35%	13.23%	13.85%	12.10%	24.10%	22.00%	22.17%	43.75%	32.14%	30.91%	40.22%
Return on Equity Simple (ROE_SIMPLE)	23.05%	14.08%	13.35%	11.99%	23.57%	21.91%	21.84%	41.86%	32.76%	32.82%	36.95%
Net Operating Profit after Tax (NOPAT)	1,418	677	788	1,537	1,652	1,657	1,786	3,483	2,893	2,520	3,453
NOPAT Margin	24.50%	13.41%	14.64%	23.09%	23.27%	22.74%	22.37%	31.85%	28.79%	25.46%	30.20%
Net Nonoperating Expense Percent (NNEP)	2.77%	-1.51%	0.17%	15.71%	2.12%	3.36%	4.70%	2.05%	7.00%	2.02%	1.77%
Return On Investment Capital (ROIC_SIMPLE)	-	-	-	-	-	-	-	-	20.09%	18.35%	22.28%
Cost of Revenue to Revenue	49.08%	58.02%	56.40%	48.88%	48.04%	49.50%	49.22%	35.62%	46.27%	47.37%	42.34%
SG&A Expenses to Revenue	1.79%	1.97%	1.75%	1.40%	1.45%	1.81%	1.58%	1.15%	1.24%	1.29%	1.14%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	12.35%	13.95%	14.53%	11.76%	11.36%	12.71%	11.70%	8.91%	9.58%	10.27%	9.07%
Earnings before Interest and Taxes (EBIT)	2,192	1,389	1,540	2,603	2,851	2,746	3,093	6,047	4,553	4,196	5,560
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	2,637	1,900	2,187	3,274	3,525	3,510	3,869	6,853	5,349	5,030	6,406
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	2.81	2.78	3.04	4.38	2.73	3.85	5.77	5.08	5.27	8.62	7.75
Price to Tangible Book Value (P/TBV)	2.87	2.87	3.13	4.49	2.79	3.94	5.88	5.17	5.36	8.77	7.86
Price to Revenue (P/Rev)	2.81	2.90	3.30	4.02	2.52	3.60	5.22	3.79	4.24	6.46	6.22
Price to Earnings (P/E)	12.22	19.89	22.86	36.74	11.60	17.66	26.53	12.19	16.14	26.37	21.05
Dividend Yield	2.31%	1.82%	0.78%	1.70%	6.05%	6.02%	2.78%	5.97%	6.35%	4.84%	3.66%
Earnings Yield	8.18%	5.03%	4.38%	2.72%	8.62%	5.66%	3.77%	8.20%	6.19%	3.79%	4.75%
Enterprise Value to Invested Capital (EV/IC)	2.12	1.90	2.05	2.86	1.98	2.64	4.06	3.95	3.84	5.71	6.16
Enterprise Value to Revenue (EV/Rev)	3.41	3.90	4.29	4.75	3.21	4.27	5.71	4.06	4.63	6.91	6.45
Enterprise Value to EBITDA (EV/EBITDA)	7.48	10.36	10.54	9.65	6.45	8.86	11.78	6.48	8.70	13.60	11.52
Enterprise Value to EBIT (EV/EBIT)	8.99	14.17	14.97	12.14	7.98	11.33	14.73	7.35	10.22	16.30	13.27
Enterprise Value to NOPAT (EV/NOPAT)	13.90	29.08	29.27	20.57	13.77	18.78	25.51	12.75	16.08	27.15	21.37
Enterprise Value to Operating Cash Flow (EV/OCF)	14.54	22.37	24.97	15.99	10.18	16.27	16.37	10.35	16.60	19.14	16.69
Enterprise Value to Free Cash Flow (EV/FCFF)	1,283.64	0.00	0.00	18.34	19.08	22.64	19.36	12.90	22.85	25.79	21.40
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.72	1.12	1.01	0.97	0.90	1.01	0.90	0.80	0.77	0.84	0.68
Long-Term Debt to Equity	0.68	1.12	1.01	0.97	0.90	0.95	0.90	0.76	0.77	0.84	0.62
Financial Leverage	0.51	0.77	0.93	0.85	0.77	0.73	0.63	0.45	0.43	0.54	0.43
Leverage Ratio	1.96	2.15	2.31	2.25	2.20	2.28	2.36	2.28	2.18	2.18	2.12
Compound Leverage Factor	1.85	1.84	1.89	1.99	2.00	2.01	2.09	2.14	2.03	2.05	2.04
Debt to Total Capital	41.74%	52.90%	50.35%	49.21%	47.40%	50.30%	47.35%	44.37%	43.42%	45.54%	40.39%
Short-Term Debt to Total Capital	2.00%	0.00%	0.00%	0.00%	0.00%	2.90%	0.00%	2.03%	0.00%	0.00%	3.23%
Long-Term Debt to Total Capital	39.74%	52.90%	50.35%	49.21%	47.40%	47.40%	47.35%	42.34%	43.42%	45.54%	37.16%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.32%	0.32%	0.33%	0.34%	0.36%	0.35%	0.37%	0.40%	0.44%	0.46%	0.43%
Common Equity to Total Capital	57.94%	46.78%	49.32%	50.45%	52.23%	49.35%	52.28%	55.23%	56.15%	54.01%	59.18%
Debt to EBITDA	1.59	3.13	2.72	1.82	1.69	1.98	1.69	0.96	1.17	1.24	0.98
Net Debt to EBITDA	1.29	2.63	2.41	1.47	1.36	1.37	0.99	0.43	0.72	0.87	0.41
Long-Term Debt to EBITDA	1.51	3.13	2.72	1.82	1.69	1.86	1.69	0.91	1.17	1.24	0.90
Debt to NOPAT	2.95	8.80	7.56	3.88	3.61	4.19	3.66	1.88	2.16	2.48	1.81
Net Debt to NOPAT	2.39	7.38	6.69	3.13	2.91	2.91	2.15	0.85	1.34	1.74	0.77
Long-Term Debt to NOPAT	2.81	8.80	7.56	3.88	3.61	3.95	3.66	1.79	2.16	2.48	1.67
Altman Z-Score	3.56	2.65	2.96	3.97	3.33	3.39	4.47	5.00	5.15	6.38	6.86
Noncontrolling Interest Sharing Ratio	0.53%	0.61%	0.67%	0.67%	0.68%	0.69%	0.70%	0.71%	0.74%	0.81%	0.78%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Current Ratio	2.07	2.70	2.57	2.71	2.61	2.83	3.48	2.73	4.20	3.19	2.75
Quick Ratio	1.16	1.55	1.27	1.74	1.67	1.98	2.69	2.19	3.04	2.15	2.11
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	15	-400	-55	1,723	1,192	1,374	2,353	3,443	2,036	2,652	3,448
Operating Cash Flow to CapEx	88.63%	76.53%	82.53%	193.12%	199.31%	270.23%	470.04%	481.05%	295.47%	354.26%	430.42%
Free Cash Flow to Firm to Interest Expense	0.11	-1.90	-0.19	5.63	4.30	4.03	6.42	9.64	5.99	8.12	10.32
Operating Cash Flow to Interest Expense	9.78	4.17	3.18	6.46	8.07	5.61	7.59	12.02	8.24	10.94	13.23
Operating Cash Flow Less CapEx to Interest Expense	-1.25	-1.28	-0.67	3.11	4.02	3.54	5.98	9.52	5.45	7.85	10.16
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.52	0.42	0.42	0.49	0.51	0.47	0.48	0.62	0.56	0.58	0.65
Accounts Receivable Turnover	9.49	8.60	8.82	8.09	7.28	7.73	7.80	8.47	6.88	7.32	9.25
Inventory Turnover	3.71	3.46	3.25	3.17	3.29	3.43	3.89	4.05	4.68	4.62	4.69
Fixed Asset Turnover	0.83	0.64	0.63	0.74	0.77	0.78	0.85	1.16	1.05	1.02	1.16
Accounts Payable Turnover	5.46	4.91	4.93	5.23	5.11	5.67	6.59	6.56	7.44	7.16	7.64
Days Sales Outstanding (DSO)	38.46	42.43	41.38	45.11	50.12	47.20	46.82	43.12	53.04	49.83	39.46
Days Inventory Outstanding (DIO)	98.32	105.58	112.34	115.15	111.06	106.33	93.75	90.12	77.99	79.06	77.87
Days Payable Outstanding (DPO)	66.83	74.40	74.03	69.80	71.37	64.35	55.40	55.60	49.05	51.01	47.79
Cash Conversion Cycle (CCC)	69.95	73.60	79.68	90.46	89.81	89.18	85.17	77.63	81.99	77.89	69.54
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	9,302	10,379	11,222	11,035	11,495	11,777	11,210	11,250	12,106	11,974	11,979
Invested Capital Turnover	0.67	0.51	0.50	0.60	0.63	0.63	0.69	0.97	0.86	0.82	0.95
Increase / (Decrease) in Invested Capital	1,403	1,077	843	-187	459	283	-567	40	857	-133	4.70
Enterprise Value (EV)	19,711	19,677	23,053	31,606	22,745	31,113	45,557	44,413	46,522	68,406	73,779
Market Capitalization	16,287	14,647	17,748	26,762	17,902	26,242	41,670	41,411	42,597	63,947	71,070
Book Value per Share	$7.09	$6.70	$7.54	$7.90	$8.50	$8.81	$9.35	$10.54	$10.46	$9.60	$11.68
Tangible Book Value per Share	$6.94	$6.50	$7.35	$7.70	$8.30	$8.62	$9.16	$10.36	$10.28	$9.43	$11.52
Total Capital	10,018	11,251	11,825	12,107	12,573	13,799	13,820	14,755	14,398	13,736	15,496
Total Debt	4,181	5,952	5,954	5,957	5,960	6,941	6,544	6,548	6,251	6,255	6,258
Total Long-Term Debt	3,981	5,952	5,954	5,957	5,960	6,541	6,544	6,248	6,251	6,255	5,759
Net Debt	3,392	4,993	5,266	4,802	4,798	4,823	3,836	2,943	3,862	4,396	2,643
Capital Expenditures (CapEx)	1,530	1,150	1,119	1,024	1,121	708	592	892	949	1,009	1,027
Debt-free, Cash-free Net Working Capital (DFCFNWC)	699	682	966	947	905	1,102	836	700	1,674	1,290	923
Debt-free Net Working Capital (DFNWC)	1,421	1,564	1,567	2,002	1,964	3,108	3,430	4,189	3,952	3,041	4,426
Net Working Capital (NWC)	1,221	1,564	1,567	2,002	1,964	2,708	3,430	3,890	3,952	3,041	3,926
Net Nonoperating Expense (NNE)	80	-64	8.78	804	103	165	208	72	245	85	64
Net Nonoperating Obligations (NNO)	3,466	5,080	5,351	4,886	4,882	4,919	3,934	3,042	3,960	4,493	2,741
Total Depreciation and Amortization (D&A)	445	511	647	671	674	764	776	806	796	834	846
Debt-free, Cash-free Net Working Capital to Revenue	12.08%	13.51%	17.96%	14.22%	12.76%	15.13%	10.47%	6.41%	16.66%	13.04%	8.07%
Debt-free Net Working Capital to Revenue	24.56%	31.00%	29.13%	30.08%	27.67%	42.66%	42.96%	38.31%	39.33%	30.73%	38.71%
Net Working Capital to Revenue	21.10%	31.00%	29.13%	30.08%	27.67%	37.17%	42.96%	35.57%	39.33%	30.73%	34.34%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$1.61	$0.93	$1.00	$0.94	$2.00	$1.92	$2.03	$4.39	$3.41	$3.14	$4.34
Adjusted Weighted Average Basic Shares Outstanding	806.69M	773.71M	773.02M	773.03M	773.04M	773.06M	773.07M	773.10M	773.10M	773.10M	780.40M
Adjusted Diluted Earnings per Share	$1.61	$0.93	$1.00	$0.94	$2.00	$1.92	$2.03	$4.39	$3.41	$3.14	$4.34
Adjusted Weighted Average Diluted Shares Outstanding	806.69M	773.71M	773.02M	773.03M	773.04M	773.06M	773.07M	773.10M	773.10M	773.10M	780.40M
Adjusted Basic & Diluted Earnings per Share	$1.61	$0.93	$1.00	$0.94	$2.00	$1.92	$2.03	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	828.20M	794.70M	773.60M	773M	773M	773.10M	773.10M	773.09M	773.10M	773.11M	796.18M
Normalized Net Operating Profit after Tax (NOPAT)	1,476	1,022	788	1,531	1,652	1,657	1,786	3,483	2,893	2,520	3,453
Normalized NOPAT Margin	25.51%	20.25%	14.64%	23.00%	23.27%	22.74%	22.37%	31.85%	28.79%	25.46%	30.20%
Pre Tax Income Margin	35.74%	23.57%	23.35%	34.60%	36.49%	33.31%	34.39%	52.10%	42.28%	39.97%	46.86%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	15.81	6.59	5.30	8.51	10.29	8.06	8.44	16.93	13.39	12.84	16.64
NOPAT to Interest Expense	10.23	3.21	2.71	5.02	5.96	4.86	4.87	9.75	8.51	7.71	10.33
EBIT Less CapEx to Interest Expense	4.78	1.14	1.45	5.16	6.24	5.98	6.82	14.43	10.60	9.76	13.57
NOPAT Less CapEx to Interest Expense	-0.80	-2.24	-1.14	1.68	1.91	2.79	3.26	7.25	5.72	4.63	7.26
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	28.55%	36.66%	17.89%	62.32%	70.00%	83.12%	73.75%	72.72%	102.39%	127.39%	48.56%
Augmented Payout Ratio	79.58%	172.19%	27.09%	62.32%	70.00%	83.12%	73.75%	72.72%	102.39%	127.39%	48.56%

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

Metric	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025
Period end date	12/31/2022	3/31/2023	6/30/2023	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025	6/30/2025
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	-0.12%	1.09%	-0.27%	16.17%	-18.60%	-6.95%	35.54%	16.97%	21.29%	20.08%	-2.16%
EBITDA Growth	-5.50%	-6.58%	9.21%	26.79%	-35.30%	-9.58%	61.09%	30.53%	42.76%	23.13%	-0.34%
EBIT Growth	-5.73%	-7.94%	11.56%	30.54%	-40.86%	-11.40%	75.15%	36.49%	52.56%	25.90%	-0.17%
NOPAT Growth	35.49%	3.35%	22.24%	19.47%	-59.27%	-11.78%	70.02%	39.99%	86.94%	30.30%	-0.46%
Net Income Growth	8.20%	3.57%	26.58%	19.41%	-50.59%	-9.45%	73.54%	44.66%	78.04%	28.47%	2.40%
EPS Growth	8.41%	2.94%	26.79%	19.40%	-50.00%	-9.52%	71.83%	43.75%	75.86%	25.26%	0.00%
Operating Cash Flow Growth	-11.88%	44.41%	157.21%	77.93%	-50.00%	-44.34%	20.70%	37.11%	151.48%	9.35%	1.53%
Free Cash Flow Firm Growth	-76.06%	-51.84%	155.99%	1,946.34%	220.07%	33.92%	-4.69%	-36.08%	41.18%	46.05%	92.56%
Invested Capital Growth	7.62%	4.28%	1.26%	-1.12%	-1.09%	2.25%	4.84%	3.47%	0.04%	2.24%	1.51%
Revenue Q/Q Growth	30.76%	-0.94%	-17.65%	8.91%	-8.38%	13.25%	19.94%	-6.01%	-5.00%	12.12%	-2.27%
EBITDA Q/Q Growth	60.28%	-3.90%	-28.85%	15.70%	-18.22%	34.32%	26.75%	-6.25%	-10.55%	15.85%	2.60%
EBIT Q/Q Growth	73.48%	-4.79%	-33.57%	18.96%	-21.41%	42.65%	31.33%	-7.30%	-12.16%	17.73%	4.13%
NOPAT Q/Q Growth	88.05%	-16.97%	-31.20%	11.21%	-35.90%	79.86%	32.60%	-8.43%	-14.40%	25.37%	1.30%
Net Income Q/Q Growth	73.76%	-9.86%	-32.64%	13.17%	-28.10%	65.21%	29.10%	-5.66%	-11.51%	19.20%	2.91%
EPS Q/Q Growth	73.13%	-9.48%	-32.38%	12.68%	-27.50%	63.79%	28.42%	-5.74%	-11.30%	16.67%	1.68%
Operating Cash Flow Q/Q Growth	83.37%	9.55%	-32.75%	31.70%	-48.47%	21.94%	45.84%	49.61%	-5.48%	-46.98%	35.40%
Free Cash Flow Firm Q/Q Growth	347.53%	109.62%	21.33%	79.80%	-30.00%	-12.29%	-13.66%	20.59%	54.60%	-9.27%	13.84%
Invested Capital Q/Q Growth	0.81%	-0.69%	-0.08%	-1.15%	0.83%	2.67%	2.46%	-2.45%	-2.50%	4.93%	1.72%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	57.21%	57.26%	50.12%	53.08%	49.03%	55.47%	59.95%	58.27%	56.48%	57.74%	60.29%
EBITDA Margin	57.85%	56.12%	48.49%	51.51%	45.98%	54.53%	57.63%	57.48%	54.12%	55.91%	58.70%
Operating Margin	48.58%	48.45%	39.15%	42.67%	37.84%	45.76%	51.54%	49.48%	46.95%	49.18%	52.02%
EBIT Margin	50.80%	48.83%	39.39%	43.03%	36.91%	46.49%	50.91%	50.21%	46.42%	48.75%	51.94%
Profit (Net Income) Margin	32.09%	29.20%	23.89%	24.82%	19.48%	28.42%	30.59%	30.70%	28.60%	30.40%	32.01%
Tax Burden Percent	66.16%	62.63%	64.82%	61.14%	56.77%	63.94%	62.32%	63.07%	63.97%	64.19%	63.26%
Interest Burden Percent	95.48%	95.50%	93.56%	94.37%	92.97%	95.60%	96.42%	96.96%	96.29%	97.15%	97.43%
Effective Tax Rate	24.89%	36.88%	34.73%	38.85%	51.76%	36.64%	37.82%	36.90%	40.08%	36.04%	37.31%
Return on Invested Capital (ROIC)	31.39%	26.17%	21.56%	22.77%	15.00%	23.14%	27.40%	28.29%	26.86%	30.26%	30.55%
ROIC Less NNEP Spread (ROIC-NNEP)	27.85%	25.09%	20.63%	22.02%	15.67%	22.78%	26.27%	27.87%	27.21%	29.39%	30.01%
Return on Net Nonoperating Assets (RNNOA)	11.92%	10.92%	10.84%	12.05%	8.47%	12.29%	12.86%	12.22%	11.77%	12.99%	10.91%
Return on Equity (ROE)	43.32%	37.10%	32.40%	34.82%	23.48%	35.43%	40.26%	40.51%	38.63%	43.24%	41.46%
Cash Return on Invested Capital (CROIC)	17.44%	20.60%	24.06%	27.34%	22.03%	17.68%	18.29%	22.21%	28.79%	27.39%	27.47%
Operating Return on Assets (OROA)	28.70%	27.94%	23.30%	26.34%	21.48%	26.44%	30.85%	31.06%	29.95%	31.86%	33.08%
Return on Assets (ROA)	18.13%	16.71%	14.13%	15.20%	11.34%	16.16%	18.54%	18.99%	18.45%	19.87%	20.39%
Return on Common Equity (ROCE)	43.00%	36.82%	32.15%	34.54%	23.29%	35.14%	39.94%	40.19%	38.34%	42.91%	41.15%
Return on Equity Simple (ROE_SIMPLE)	0.00%	32.94%	35.34%	37.35%	0.00%	31.26%	32.52%	34.07%	0.00%	37.61%	0.00%
Net Operating Profit after Tax (NOPAT)	1,029	854	588	654	419	754	999	915	783	982	995
NOPAT Margin	36.49%	30.58%	25.55%	26.09%	18.26%	28.99%	32.05%	31.23%	28.14%	31.46%	32.61%
Net Nonoperating Expense Percent (NNEP)	3.54%	1.08%	0.93%	0.75%	-0.67%	0.35%	1.13%	0.42%	-0.35%	0.87%	0.54%
Return On Investment Capital (ROIC_SIMPLE)	7.15%	-	-	-	3.05%	-	-	-	5.06%	5.82%	5.92%
Cost of Revenue to Revenue	42.79%	42.74%	49.88%	46.92%	50.97%	44.53%	40.05%	41.73%	43.52%	42.26%	39.71%
SG&A Expenses to Revenue	1.19%	1.09%	1.35%	1.31%	1.44%	1.18%	1.09%	1.06%	1.24%	1.02%	1.07%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	8.63%	8.80%	10.97%	10.40%	11.19%	9.71%	8.41%	8.79%	9.52%	8.56%	8.27%
Earnings before Interest and Taxes (EBIT)	1,433	1,364	906	1,078	847	1,209	1,587	1,472	1,293	1,522	1,585
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	1,632	1,568	1,116	1,291	1,056	1,418	1,797	1,685	1,507	1,746	1,791
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	5.27	6.80	6.67	7.22	8.62	10.74	9.75	10.13	7.75	7.78	8.07
Price to Tangible Book Value (P/TBV)	5.36	6.92	6.78	7.35	8.77	10.93	9.90	10.27	7.86	7.88	8.17
Price to Revenue (P/Rev)	4.24	5.48	5.23	5.37	6.46	8.35	7.87	8.26	6.22	6.22	6.78
Price to Earnings (P/E)	16.14	20.72	18.93	19.40	26.37	34.50	30.10	29.84	21.05	20.75	22.31
Dividend Yield	6.35%	4.90%	6.61%	4.84%	4.84%	3.63%	3.75%	3.13%	3.66%	3.44%	2.67%
Earnings Yield	6.19%	4.83%	5.28%	5.15%	3.79%	2.90%	3.32%	3.35%	4.75%	4.82%	4.48%
Enterprise Value to Invested Capital (EV/IC)	3.84	4.91	4.72	5.05	5.71	6.97	6.89	7.62	6.16	6.15	6.51
Enterprise Value to Revenue (EV/Rev)	4.63	5.86	5.63	5.75	6.91	8.83	8.25	8.55	6.45	6.46	7.00
Enterprise Value to EBITDA (EV/EBITDA)	8.70	11.27	10.63	10.69	13.60	17.55	15.61	15.72	11.52	11.48	12.37
Enterprise Value to EBIT (EV/EBIT)	10.22	13.31	12.51	12.53	16.30	21.20	18.38	18.30	13.27	13.16	14.18
Enterprise Value to NOPAT (EV/NOPAT)	16.08	20.22	18.75	19.15	27.15	35.39	30.65	30.25	21.37	20.99	22.64
Enterprise Value to Operating Cash Flow (EV/OCF)	16.60	18.64	15.51	14.57	19.14	28.10	27.02	25.98	16.69	17.24	18.50
Enterprise Value to Free Cash Flow (EV/FCFF)	22.85	24.33	19.73	18.36	25.79	39.84	38.58	34.88	21.40	22.69	23.88
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.77	0.76	0.79	0.80	0.84	0.82	0.73	0.70	0.68	0.75	0.67
Long-Term Debt to Equity	0.77	0.76	0.79	0.80	0.84	0.82	0.67	0.64	0.62	0.70	0.67
Financial Leverage	0.43	0.44	0.53	0.55	0.54	0.54	0.49	0.44	0.43	0.44	0.36
Leverage Ratio	2.18	2.15	2.18	2.21	2.18	2.16	2.10	2.11	2.12	2.12	2.01
Compound Leverage Factor	2.08	2.05	2.04	2.08	2.02	2.06	2.03	2.04	2.04	2.06	1.95
Debt to Total Capital	43.42%	43.30%	43.99%	44.47%	45.54%	45.13%	42.23%	41.04%	40.39%	42.92%	40.16%
Short-Term Debt to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	3.37%	3.28%	3.23%	2.96%	0.00%
Long-Term Debt to Total Capital	43.42%	43.30%	43.99%	44.47%	45.54%	45.13%	38.85%	37.76%	37.16%	39.96%	40.16%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.44%	0.44%	0.44%	0.45%	0.46%	0.46%	0.46%	0.45%	0.43%	0.41%	0.41%
Common Equity to Total Capital	56.15%	56.26%	55.57%	55.08%	54.01%	54.41%	57.32%	58.51%	59.18%	56.67%	59.43%
Debt to EBITDA	1.17	1.19	1.17	1.12	1.24	1.28	1.13	1.05	0.98	1.08	1.00
Net Debt to EBITDA	0.72	0.71	0.74	0.70	0.87	0.93	0.71	0.53	0.41	0.42	0.39
Long-Term Debt to EBITDA	1.17	1.19	1.17	1.12	1.24	1.28	1.04	0.97	0.90	1.00	1.00
Debt to NOPAT	2.16	2.14	2.07	2.00	2.48	2.59	2.21	2.02	1.81	1.97	1.84
Net Debt to NOPAT	1.34	1.27	1.31	1.26	1.74	1.88	1.39	1.02	0.77	0.76	0.71
Long-Term Debt to NOPAT	2.16	2.14	2.07	2.00	2.48	2.59	2.03	1.86	1.67	1.83	1.84
Altman Z-Score	4.55	5.37	5.17	5.34	5.72	6.93	7.07	7.40	6.10	6.05	6.77
Noncontrolling Interest Sharing Ratio	0.74%	0.75%	0.78%	0.81%	0.81%	0.81%	0.79%	0.79%	0.78%	0.77%	0.73%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Current Ratio	4.20	4.17	4.50	3.70	3.19	3.31	2.81	2.77	2.75	3.71	5.27
Quick Ratio	3.04	3.02	3.16	2.67	2.15	2.22	2.06	2.13	2.11	3.05	4.24
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	172	361	438	788	552	484	418	504	779	707	804
Operating Cash Flow to CapEx	371.91%	497.77%	315.68%	399.77%	211.82%	308.56%	289.96%	584.17%	578.20%	227.00%	414.43%
Free Cash Flow to Firm to Interest Expense	2.08	4.37	5.37	9.67	6.82	6.01	5.01	6.06	8.93	7.69	8.56
Operating Cash Flow to Interest Expense	13.03	14.33	9.77	12.88	6.69	8.20	11.55	17.32	15.60	7.85	10.39
Operating Cash Flow Less CapEx to Interest Expense	9.53	11.45	6.67	9.66	3.53	5.54	7.57	14.36	12.90	4.39	7.88
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.56	0.57	0.59	0.61	0.58	0.57	0.61	0.62	0.65	0.65	0.64
Accounts Receivable Turnover	6.88	7.81	8.74	8.81	7.32	7.13	7.35	7.82	9.25	7.97	7.14
Inventory Turnover	4.68	4.76	4.56	4.66	4.62	4.66	4.75	4.88	4.69	5.05	4.91
Fixed Asset Turnover	1.05	1.05	1.05	1.08	1.02	1.00	1.08	1.11	1.16	1.21	1.20
Accounts Payable Turnover	7.44	7.06	7.31	7.38	7.16	6.59	7.56	7.82	7.64	6.98	7.67
Days Sales Outstanding (DSO)	53.04	46.76	41.74	41.43	49.83	51.20	49.64	46.70	39.46	45.80	51.15
Days Inventory Outstanding (DIO)	77.99	76.72	80.10	78.37	79.06	78.33	76.90	74.75	77.87	72.24	74.33
Days Payable Outstanding (DPO)	49.05	51.72	49.91	49.49	51.01	55.37	48.28	46.68	47.79	52.27	47.57
Cash Conversion Cycle (CCC)	81.99	71.75	71.93	70.32	77.89	74.16	78.26	74.77	69.54	65.77	77.90
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	12,106	12,023	12,013	11,875	11,974	12,293	12,595	12,286	11,979	12,569	12,786
Invested Capital Turnover	0.86	0.86	0.84	0.87	0.82	0.80	0.85	0.91	0.95	0.96	0.94
Increase / (Decrease) in Invested Capital	857	493	150	-134	-133	270	582	412	4.70	276	191
Enterprise Value (EV)	46,522	59,032	56,674	59,932	68,406	85,642	86,803	93,595	73,779	77,277	83,236
Market Capitalization	42,597	55,261	52,657	55,929	63,947	81,017	82,798	90,357	71,070	74,411	80,550
Book Value per Share	$10.46	$10.51	$10.22	$10.02	$9.60	$9.76	$10.98	$11.42	$11.68	$12.02	$12.54
Tangible Book Value per Share	$10.28	$10.34	$10.05	$9.85	$9.43	$9.59	$10.82	$11.26	$11.52	$11.86	$12.39
Total Capital	14,398	14,440	14,216	14,062	13,736	13,861	14,817	15,247	15,496	16,884	16,802
Total Debt	6,251	6,252	6,253	6,254	6,255	6,256	6,257	6,257	6,258	7,247	6,748
Total Long-Term Debt	6,251	6,252	6,253	6,254	6,255	6,256	5,757	5,758	5,759	6,747	6,748
Net Debt	3,862	3,708	3,953	3,940	4,396	4,560	3,938	3,170	2,643	2,798	2,617
Capital Expenditures (CapEx)	291	238	253	263	255	214	332	246	235	318	236
Debt-free, Cash-free Net Working Capital (DFCFNWC)	1,674	1,510	1,510	1,250	1,290	1,519	1,731	1,313	923	1,441	1,663
Debt-free Net Working Capital (DFNWC)	3,952	3,950	3,709	3,464	3,041	3,101	3,935	4,287	4,426	5,776	5,673
Net Working Capital (NWC)	3,952	3,950	3,709	3,464	3,041	3,101	3,436	3,787	3,926	5,276	5,673
Net Nonoperating Expense (NNE)	124	39	38	32	-28	15	46	15	-13	33	18
Net Nonoperating Obligations (NNO)	3,960	3,835	4,051	4,067	4,493	4,687	4,035	3,297	2,741	2,932	2,732
Total Depreciation and Amortization (D&A)	199	204	209	213	208	209	210	213	214	224	206
Debt-free, Cash-free Net Working Capital to Revenue	16.66%	14.98%	14.99%	11.99%	13.04%	15.66%	16.45%	12.00%	8.07%	12.05%	13.99%
Debt-free Net Working Capital to Revenue	39.33%	39.20%	36.83%	33.24%	30.73%	31.96%	37.41%	39.17%	38.71%	48.31%	47.72%
Net Working Capital to Revenue	39.33%	39.20%	36.83%	33.24%	30.73%	31.96%	32.66%	34.60%	34.34%	44.13%	47.72%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$1.16	$1.05	$0.71	$0.80	$0.58	$0.95	$1.22	$1.15	$1.02	$1.19	$1.21
Adjusted Weighted Average Basic Shares Outstanding	773.10M	773.10M	773.10M	773.10M	773.10M	773.10M	777.90M	782.90M	780.40M	792.50M	807.80M
Adjusted Diluted Earnings per Share	$1.16	$1.05	$0.71	$0.80	$0.58	$0.95	$1.22	$1.15	$1.02	$1.19	$1.21
Adjusted Weighted Average Diluted Shares Outstanding	773.10M	773.10M	773.10M	773.10M	773.10M	773.10M	777.90M	782.90M	780.40M	792.50M	807.80M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	773.10M	773.10M	773.11M	773.11M	773.11M	773.12M	781.16M	785.54M	796.18M	796.19M	804.07M
Normalized Net Operating Profit after Tax (NOPAT)	1,029	854	588	654	608	754	999	915	783	982	995
Normalized NOPAT Margin	36.49%	30.58%	25.55%	26.09%	26.49%	28.99%	32.05%	31.23%	28.14%	31.46%	32.61%
Pre Tax Income Margin	48.51%	46.63%	36.85%	40.61%	34.31%	44.45%	49.08%	48.68%	44.70%	47.36%	50.60%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	17.26	16.50	11.11	13.23	10.47	15.01	19.06	17.71	14.82	16.56	16.86
NOPAT to Interest Expense	12.40	10.33	7.20	8.02	5.18	9.36	12.00	11.01	8.98	10.69	10.58
EBIT Less CapEx to Interest Expense	13.76	13.62	8.01	10.01	7.32	12.36	15.07	14.74	12.13	13.10	14.35
NOPAT Less CapEx to Interest Expense	8.89	7.45	4.11	4.80	2.02	6.71	8.02	8.05	6.29	7.23	8.08
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	102.39%	101.32%	90.20%	93.73%	127.39%	125.00%	78.71%	61.50%	48.56%	43.91%	59.02%
Augmented Payout Ratio	102.39%	101.32%	90.20%	93.73%	127.39%	125.00%	78.71%	61.50%	48.56%	43.91%	59.02%

Key Financial Trends

Southern Copper (NYSE:SCCO) has demonstrated solid financial performance over the last four years, with consistent profitability, healthy cash flow generation, and a stable balance sheet. Here are key highlights and trends across its quarterly financial statements from Q2 2022 through Q2 2025:

Strong and Growing Net Income: Consolidated net income has generally grown from around $520 million in Q3 2022 to nearly $977 million in Q2 2025, reflecting improved operational performance and pricing power.
Rising Operating Revenue: Operating revenues have increased steadily from approximately $2.15 billion in Q3 2022 to over $3 billion in Q2 2025, indicating strong demand for Southern Copper's products.
Robust Operating Cash Flow: Net cash provided by operating activities has consistently been strong, with recent quarters generating $721 million (Q1 2025) and $977 million (Q2 2025), supporting capital expenditures and dividend payments.
Substantial Capital Expenditures: The company continues to invest heavily in property, plant, and equipment, with quarterly spending ranging between $213 million and $331 million, supporting future production capacity.
Sustained Dividend Payments: Dividends paid have been significant, often above $550 million per quarter, reflecting Southern Copper’s commitment to returning cash to shareholders.
Controlled Debt Levels: Long-term debt has remained relatively stable around $6.2-6.7 billion, with some repayments offset by issuances; short-term debt is minimal or zero in recent quarters.
Inventory and Receivables Stability: Inventories and accounts receivable remain fairly stable relative to revenue, suggesting effective working capital management.
Depreciation and Exploration Costs: Depreciation expenses and exploration costs have shown slight increases aligned with production growth and investment in new resources.
Negative Net Change in Cash in Recent Quarter: In Q2 2025, the company’s net cash and equivalents decreased by approximately $781 million, primarily driven by investing and financing activities exceeding operating cash inflow.
Volatility in Other Income/Expense: The net other income/expense has fluctuated quarter to quarter, sometimes showing small losses, potentially indicating occasional non-operational risks or currency impacts.

Summary: Southern Copper has shown healthy growth in revenue and profits over the past several years, supported by solid cash flow and disciplined capital investment. While the company invests heavily and returns cash to shareholders through dividends, it maintains stable debt levels. The recent dip in cash balance calls attention to financing and investing activities, but overall, the company appears financially sound and positioned for continued operational strength in the copper mining industry.

08/29/25 01:37 PM ETAI Generated. May Contain Errors.

Financials Breakdown Chart

Frequently Asked Questions About Southern Copper's Financials

When does Southern Copper's financial year end?

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

How has Southern Copper's net income changed over the last 10 years?

Southern Copper's net income appears to be on an upward trend, with a most recent value of $3.39 billion in 2024, rising from $1.34 billion in 2014. The previous period was $2.43 billion in 2023. Check out Southern Copper's forecast to explore projected trends and price targets.

What is Southern Copper's operating income?

Southern Copper's total operating income in 2024 was $5.55 billion, based on the following breakdown:

Total Gross Profit: $6.59 billion
Total Operating Expenses: $1.04 billion

How has Southern Copper's revenue changed over the last 10 years?

Over the last 10 years, Southern Copper's total revenue changed from $5.79 billion in 2014 to $11.43 billion in 2024, a change of 97.5%.

How much debt does Southern Copper have?

Southern Copper's total liabilities were at $9.48 billion at the end of 2024, a 2.5% increase from 2023, and a 70.5% increase since 2014.

How much cash does Southern Copper have?

In the past 10 years, Southern Copper's cash and equivalents has ranged from $274.50 million in 2015 to $3.26 billion in 2024, and is currently $3.26 billion as of their latest financial filing in 2024.

How has Southern Copper's book value per share changed over the last 10 years?

Over the last 10 years, Southern Copper's book value per share changed from 7.09 in 2014 to 11.68 in 2024, a change of 64.6%.

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This page (NYSE:SCCO) was last updated on 8/29/2025 by MarketBeat.com Staff

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Southern Copper (SCCO) Financials

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Southern Copper (SCCO) Financials

Annual Income Statements for Southern Copper

Quarterly Income Statements for Southern Copper

Annual Cash Flow Statements for Southern Copper

Quarterly Cash Flow Statements for Southern Copper

Annual Balance Sheets for Southern Copper

Quarterly Balance Sheets for Southern Copper

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Quarterly Metrics And Ratios for Southern Copper

Key Financial Trends

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