Ero Copper vs Hudbay Minerals
Hudbay Minerals is the larger business, with $2.21bn of revenue in fiscal 2025 against $786m for Ero Copper (2.8 times as much). Ero Copper grew faster (67.1% against 9.4%). Ero Copper kept more of each dollar of sales as profit: a net margin of 33.6% against 25.7%. Hudbay Minerals carries less debt relative to equity (31.2% against 58.9%).
| Latest fiscal year | Ero CopperERO, 2025 | Hudbay MineralsHBM, 2025 |
|---|---|---|
| Revenue | $786m | $2.21bn |
| Revenue growth | 67.1% | 9.4% |
| Net income | $264m | $569m |
| Operating margin | 34.4% | 41.5% |
| Net margin | 33.6% | 25.7% |
| Return on equity | 34.6% | 19.7% |
| Free cash flow | $132m | $241m |
| Cash | $105m | $569m |
| Total debt | $551m | $1.01bn |
| Debt to equity | 58.9% | 31.2% |
| Dividend per share | — | — |
| Dividend yield | — | 0.1% |
| Share buybacks | — | — |
| Employees | — | — |
| Market value | $3.16bn | $8.49bn |
| Price vs our value range | — | Within our value range |
| Moat score | — | — |
| Insider trades, 12 months | 0 buys, 0 sales | 0 buys, 0 sales |