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Southern Copper Corp/ (SCCO) stock

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NYSE: SCCO NYSE Copper Next results ~January 27, 2027

B+ Fundamentals grade

Southern Copper Corp/ is a US-listed company in the copper industry. Its financial year ends in December.

Stock price today

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Third-party market data · may be delayed

Fair value per share

~$150

Cash-flow model

Base case. Range ~$110–$200 across our lower- and higher-growth cases (8%–18% a year).

Price vs value

Modestly overvalued

The price is inside our value range, 15% above our base value.

Price used: $172.78, November 3, 2026

Southern Copper Corp/ valuation: adjust assumptions and compare models →

Who’s trading

What company insiders, investment funds and members of Congress have been doing with the stock, from their own filings.

  • Insiders0 buying, 3 selling0 purchases and 24 sales by directors and officers, last 12 monthsInsider trades
  • Funds588 adding, 286 cuttingOf 70 active managers that changed their stake, 43 added; quarter to June 30, 2026Fund buyers and sellers

Value diary

Our note on each quarter Southern Copper Corp/ files

10-Q filed October 30: Southern Copper

Rating: Sell to Hold Model value +4.8%

Revenue for the twelve months to September 2026 was $17.1bn, up 38.7% on a year earlier, faster than the 32.8% growth a quarter earlier. That growth ranks 14 of 111 among the materials companies we cover. Free-cash-flow margin rose to 32.7% from 28.2% a year earlier. Operating margin widened to 58.6% from 50.3%. Its fundamentals grade moves from B+ to A. Our model value rises from $144 to $150 a share, against a share price of $178. The rating changes from Sell to Hold. At that price, our model says the market is pricing in about 12.6% a year of cash-flow growth for five years, faster than the 9.4% a year revenue growth it has delivered.

Source: 10-Q filed October 30, 2026 on SEC EDGAR · Financials · Valuation

Earlier notes (1)

Where Southern Copper stands after its latest 10-Q

Revenue for the twelve months to June 2026 was $15.8bn, up 32.8% on a year earlier, faster than 21.7% a quarter earlier. That growth ranks 81 of 931 among all the companies we cover. Free-cash-flow margin rose to 32.3% from 29.1% a year earlier. Operating margin widened to 56.9% from 49.5%. Against its peers on growth, profitability, cash generation and balance sheet, it grades B+. It passes 3 of our 5 financial-health checks. Our cash-flow model value is $160 a share, against a share price of $204. At that price, our model says the market is pricing in about 17.2% a year of cash-flow growth for five years, faster than the 7.6% a year revenue growth it has delivered.

10-Q on SEC EDGAR

Written from the company's filings and our models when each quarter's report arrives. Figures in older notes are as published at the time. Not investment advice.

The Fundamentalytics view

Next results ~January 27, 2027 (estimated)

Southern Copper Corp/'s trailing-twelve-month revenue grew 38.7% year on year, with a free-cash-flow margin of 32.7%. Where it stands out: operating margin of 58.6% ranks 7 of 140 materials companies we cover.

Our discounted-cash-flow model values the business at ~$150 per share in the base case (~$110–$200 across growth scenarios) — model values under stated assumptions, not a price target.

Current signal Revenue growth accelerating: TTM revenue growth rose to 38.7% (+5.9pp vs the prior quarter).

Assembled from SEC-filed figures — the full workings are on this page and in our methodology. Observations, not recommendations.

Highlights

How we pick these

Strengths

  • Fast growth. Revenue grew 38.7% over the last 12 months, against a median of 8.3% for materials companies we cover.
  • Growth speeding up. The growth rate is 5.9 points higher than a quarter earlier.
  • High operating margin. 58.6% of revenue is left as operating profit, against a median of 7.0% for materials companies we cover.
  • Margins widening. Operating margin is up 8.4 points on a year ago.
  • Strong cash generation. 32.7% of revenue turned into free cash flow, against a median of 5.0% for materials companies we cover.

Things to watch

  • Heavily shorted. 10.6% of the shares available to trade are sold short (11.0 days of average volume to cover).
  • Earnings expected to fall. The consensus expects earnings per share to fall 5% next year.

Latest results: FY2026 Q3

Filed October 30, 2026
Earnings per share
$2.15 against an average estimate of $2.00: beat by 7.7%
Revenue
$4.70bn, up 39.1% on a year earlier
Next report
October 22, 2026; average EPS estimate $2.02

Southern Copper Corp/'s figures from its SEC filings and results release; estimates are the analysts' average. Not a recommendation.

Price chart

  • 1 day-1.9%

Closing prices to 2026-11-02. Price change only, dividends excluded.

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Third-party market data · may be delayed

At a glance

Trailing twelve months, from SEC filings

Profitability

Revenue (TTM)
$17.1B
Operating margin
58.6%
Net margin
37.2%
EPS (TTM, diluted)
$7.63

Growth

Revenue growth
+38.7%
Change in growth rate
+5.9 pts
Share count change
−1.6%

Cash

Free cash flow (TTM)
$5.6B
FCF margin
32.7%

Earnings

Last results
October 21, 2026
Next results (est.)
January 27, 2027

News & updates

Updated October 31, 2026

Company announcements, filed results and changes that matter to shareholders.

  1. Results
  2. Results
  3. Shareholder vote

Refreshed hourly when new source data is available. Summaries are checked against company releases and SEC filings. Company announcement headlines are labelled when a checked summary is unavailable.

Valuation

Southern Copper Corp/ valuation models and calculator

What the price is pricing in

The share price implies about 12.1% a year of cash-flow growth for five years.That is close to the 9.4% a year revenue growth Southern Copper Corp/ has delivered.

  • Priced in12.1%
  • Last 12 months38.7%
  • 3 years a year18.0%
  • 5 years a year9.4%

Our cash-flow model with every input fixed except growth over the next five years, solved for the growth at which the model value equals the share price ($172.85, Nov 3, 2026). Cash-flow growth then fades to 2.5% a year; discount rate 8.5%. Delivered figures are revenue growth from SEC filings. This is a model exercise, not investment advice or a forecast of the share price. All companies

Fundamentalytics rating

model v1.6 · 2026-11-03
Hold12-month view
12-month price target
~$150
Price used
$172.85close November 3, 2026
Implied change
▼ 13%
Uncertainty
Medium

How we got here: a discounted-cash-flow model of Southern Copper Corp/'s free cash flow after stock-based pay with after-tax interest added back ($4.9B, FY2026 Q3 TTM), growing 3.2% and 7.2% in the next two years (forecasts, guidance and its record), then back to 13% by year five, and fading to 2.5%, discounted at 8.5%. Lower and higher growth cases span ~$110–~$200 ; that spread sets a 25% margin before we rate Buy or Sell.

Produced by Fundamentalytics' automated valuation model on November 3, 2026, using delayed market prices. Rating meanings, methodology and conflicts: recommendations disclosure and research disclaimer. General research, not personal advice — it does not consider your circumstances. Prices can fall as well as rise.

Our value per share comes from a discounted-cash-flow model of Southern Copper Corp/'s free cash flow after stock-based pay ( $4.9B, FY2026 Q3 TTM, with after-tax interest added back): growth for five years as below (the first two years from forecasts, guidance and the company's record), fading to 2.5%, discounted at 8.5%, then cash added and debt and other claims subtracted. These are model values under stated assumptions, not price targets or recommendations.

Valuation models

We value Southern Copper Corp/ as an operating company, with every model that fits that kind of business. Cost of equity 9.3%: the 10-year Treasury yield (4.9%) plus a beta of 0.97 times a 4.5% equity risk premium.

Value per share by model
Model Value per share In the combined value?
Cash-flow model (DCF) Free cash flow to the firm (after stock pay, with after-tax interest added back), grown then faded to 2.5%, discounted at 8.5% as the firm rate, less debt and other claims. ~$150 ~$110–$200 Primary model, counts double
Growth cash-flow model Revenue for this year and next from analysts' consensus, then growth fading to 2.5%; the operating margin moving to profitable peers'; investment needed per dollar of growth from peers; reduced by a failure probability. For young or fast-growing companies. The starting margin is normalized to between -100% and 60%; net margin is a proxy when operating income is not tagged. Uses analysts' consensus estimates (third-party data), not our forecasts. ~$80 ~$59–$94 Included
Forward price-to-earnings vs peers Next year's consensus earnings per share times peers' typical (harmonic-mean) forward price-to-earnings. Uses analysts' consensus estimates (third-party data), not our forecasts. ~$72 ~$59–$150 Included
Residual income Book value plus the present value of returns above the cost of equity, fading over ten years. ~$57 ~$46–$72 Included
Justified price-to-book Book value times (return on equity - growth) / (cost of equity - growth): steady-state returns. ~$94 ~$81–$110 Included
Combined value Weighted average of the models that apply: the primary model (cash-flow model (dcf)) counts double. Models more than 5x or less than 0.2x the share price, or more than 3x away from the other models' median, are left out. ~$100 ~$57–$150 5 models

Different models fail in different ways, so where several apply we average them rather than trust one. Peer-based models compare Southern Copper Corp/ with Materials sector in our coverage, using third-party market data. Model values are estimates under stated assumptions, updated as new filings arrive; not price targets or investment advice. How each model works.

What moves the value

  • Revenue growth 5 points lower ▼ −24%
  • Revenue growth 5 points higher ▲ +30%
  • Free-cash-flow margin 1 point lower ▼ −3%
  • Last year's free-cash-flow margin change, if it persists ▲ +16%
  • Discount rate 1 point higher ▼ −16%
Value per share under different assumptions
Discount rate ↓ / growth → −5% growth0% growth5% growth10% growth15% growth20% growth
7% $85$115$155$208$277$367
8.5% $65$87$116$154$203$266
10% $53$70$92$121$159$207

Valuation multiples over time Market data may be delayed

At fiscal year end Now
Share price$176.18
Market value$146.9bn
+ Net debt (− = net cash)$3.2bn
Enterprise value$150.0bn
Multiples
Price / sales 8.6x
Price / earnings 23.1x
Price / free cash flow 26.2x
EV / EBITDA 13.7x

Market value uses the period's diluted share count; figures for each fiscal year use that year's results and the price at year end. "Now" uses today's price and the last twelve months.

Moat

81 /100

Strong moat

How hard Southern Copper Corp/'s competitive advantage looks for rivals to wear away, judged from 10 years of its own filings: returns on capital, pricing power, profit durability, cash conversion and discipline.

  • Returns on capital 20 / 20

    Cash operating profit has been a median 31.5% of total assets over 10 years.

  • Pricing power 12 / 20

    Gross margin has been a median 55.0%, moving by 8.3 percentage points (standard deviation) across 10 years.

  • Durability 20 / 20

    Operating margin has been a median 45.4%; its worst year was 35.9%.

  • Cash conversion 19 / 20

    Free cash flow was positive in 9 of 10 years, at a median 23.1% of revenue.

  • Discipline 10 / 20

    The diluted share count rose 5.5% over five years.

AI disruption exposure: Low. In this industry, the business rests on physical assets, regulated networks or products AI itself depends on.

A rules-based reading of reported figures, not a forecast and not investment advice. How the score is built: methodology.

Forecasts and guidance

Analysts' consensus

Fiscal yearEPSGrowthRevenueGrowth
Current $7.99 +57% $17.4bn +30%
Next $7.59 −5% $16.7bn −4%

Next year's EPS estimate has moved +6.2% in 90 days, across 13 analysts.

How the EPS forecast has moved

The consensus EPS forecast for the current fiscal year is +4.3% on 90 days ago. In the last 30 days, 4 analysts raised Southern Copper Corp/'s forecast and 0 cut it.

Consensus EPS forecast Southern Copper Corp/, last 90 days
$7.00 $7.50 $8.00 90 days ago 60 days ago 30 days ago 7 days ago Now Current fiscal year, 90 days ago: $7.66 Current fiscal year, 60 days ago: $7.63 Current fiscal year, 30 days ago: $7.70 Current fiscal year, 7 days ago: $7.85 Current fiscal year, Now: $7.99 $7.99 Next fiscal year, 90 days ago: $7.14 Next fiscal year, 60 days ago: $7.14 Next fiscal year, 30 days ago: $7.28 Next fiscal year, 7 days ago: $7.58 Next fiscal year, Now: $7.59 $7.59

Average of analysts' published estimates (third-party data).

View chart data
Period Current fiscal yearNext fiscal year
90 days ago $7.66$7.14
60 days ago $7.63$7.14
30 days ago $7.70$7.28
7 days ago $7.85$7.58
Now $7.99$7.59

Earnings against estimates

Quarter toEstimateActualSurprise
Sept 2026 $2.00 $2.15 +7.7%
Jun 2026 $1.92 $1.99 +3.2%
Mar 2026 $1.77 $1.88 +6.2%
Dec 2025 $1.48 $1.51 +2.2%

Adjusted EPS as companies report it, against the average analyst estimate.

Management guidance

Earnings release, October 21, 2026

No numeric guidance in Southern Copper Corp/'s latest earnings release (filed October 21, 2026). Some companies give their outlook only on the earnings call.

How our valuation uses these forecasts

Our cash-flow model grows Southern Copper Corp/'s revenue by +3.2% next year and +7.2% the year after, then fades back toward its own record by year five. Next year's rate weighs analysts' consensus (-1.3%, weight 68%) and the company's own record (+13.0%, weight 32%) . How the weights are set.

Analyst recommendations

18 analysts, Oct 2026
Buy16%
Hold633%
Sell1161%

Monthly trend

  1. Oct 202665618
  2. Sep 202665618
  3. Aug 202665618
  4. Jul 202665618

Counts of recommendations published by analysts covering Southern Copper Corp/, by month. Source: Aggregated broker recommendations (third-party data). Aggregated counts only: we do not reproduce any firm's recommendation or price target, and these are not Fundamentalytics ratings.

Positioning

Short interest
10.6%
of tradable shares
Days to cover
11.04
at average volume
Short interest, 1 month
+2%
to October 15, 2026
Held by institutions
10%
of shares
Held by insiders
90.1%
of shares
Employees
16,617
full time

Consensus figures average analysts' published estimates (third-party data); guidance is the company's own. Neither is our forecast. Short interest is reported twice a month and lags. Market data may be delayed.

This section is general information, not investment advice or a personal recommendation, and it does not take account of your objectives or circumstances. Forecasts and guidance are estimates, not promises: companies miss their own guidance and analysts' figures are often revised. Prices can fall as well as rise, and you can lose money. See our disclaimer.

Share-price performance

Market data may be delayed

Recent prices are available. Older price history and the statistics that need it are being loaded in the background.

Price behaviour

52-week range
Not enough history
From 52-week high
—
vs 50-day average
—
vs 200-day average
—
Volatility (1 year)
—
Beta vs S&P 500
—

Volatility is the annualised standard deviation of daily returns. Beta 1.5 means the shares typically moved 1.5% for each 1% move in the S&P 500 over the past year. Prices to November 2, 2026.

Options strategies

All options ideas

How Southern Copper Corp/’s listed options are priced, and three ways to use them that follow from our valuation. Quotes are delayed, read November 2, 2026. Check the live chain at your broker before trading.

Implied vs realised volatility

Not enough history

There is not enough price history to measure realised volatility.

  • Puts are priced 6 points richer than calls (25-delta): the market is paying up for downside protection, which favours selling puts over calls.
  • Why: not enough price history to measure realised volatility.

Our rule for “rich”: implied at least 1.2× 60-day realised (beyond measurement noise), above 1-year realised (not just a calm spell), and in the top 20% of our coverage that day. Never with results inside the option’s life. These are our conventions, built on research showing option prices usually imply more movement than follows, most when the gap is wide. How we judge this.

Cash-secured put

Not offered: no liquid put with an effective price at or below fair value.

We suggest selling a put only on well-rated companies, at a strike where the price you would pay if assigned (strike less premium) is at or below our fair value.

SCCO Southern Copper Corp/ Grade B+ $179.59

Own 100 shares, sell the $195 call expiring December 18, 2026 (46 days) for $4.70 a share — $470 per contract.

Previous session · Bid $4.70, ask $6.20, quoted Mon 2 Nov, 17:35 New York time with SCCO at $179.59. Option prices move with the shares: check the live chain at your broker before trading.

  • If SCCO ends below $195: you keep your shares and the $470 — 2.6% extra on the position, 20.8% a year at that pace.
  • If it ends above $195: your shares are sold at $195, a total return of 11.2% including the premium — at or above our value of ~$150.
$2.0k $0 −$3.5k Our value $150 Break-even $174.89 Price $179.59
Profit or loss per contract at expiry, by share price (including the shares bought at today's price).
Premium
$470
Annualised
20.8%
Break-even
$174.89
Max gain
$2,011
Chance of selling
~35%

Collar

Own the shares, buy the $175 put and sell the $195 call, both expiring December 18, 2026 (46 days).

  • Net cost of $8.00 a share ($800 per contract of 100 shares).
  • Worst case at expiry: -7.0%, if the shares fall below $175 (-2.6% from today).
  • Best case at expiry: +4.1%, if the shares rise above $195 (+8.6%); gains beyond that go to the call buyer.

Offered because the shares trade at or above our fair value of $150: a way to hold on with a floor under the price, paid for by giving up upside the model does not expect. Strikes near 25-delta; the put at its ask and the call at its bid. Protection has a cost over time: research on protective puts finds they have usually lowered returns.

General research, not personal advice. Options can lose you more than you expect and are not suitable for everyone: put sellers can be made to buy shares that keep falling, call sellers give up gains above the strike, and results or news can move prices sharply. Chances shown are approximations from each option’s delta. Spreads, fees and early assignment are not modelled.

Southern Copper Corp/ in five measures

Fundamentals grade B+
Growth Profitability Cash Balance sheet Value

Growth, profitability, cash generation and balance sheet are percentiles against the companies we cover in the same industry, from SEC filings (100 = best). Value compares the share price with our modelled value range (50 = at our base value; higher = cheaper). A description of reported data and our model — not a quality score or advice.

Fundamentals

Revenue (TTM) Southern Copper Corp/
$8B $10B $12B $14B $16B $18B FY23 Q4 FY24 Q3 FY25 Q2 FY26 Q3 Revenue (TTM), FY23 Q4: $9.9B Revenue (TTM), FY24 Q1: $9.7B Revenue (TTM), FY24 Q2: $10.5B Revenue (TTM), FY24 Q3: $10.9B Revenue (TTM), FY24 Q4: $11.4B Revenue (TTM), FY25 Q1: $12B Revenue (TTM), FY25 Q2: $11.9B Revenue (TTM), FY25 Q3: $12.3B Revenue (TTM), FY25 Q4: $13.4B Revenue (TTM), FY26 Q1: $14.5B Revenue (TTM), FY26 Q2: $15.8B Revenue (TTM), FY26 Q3: $17.1B $17.1B

Source: SEC EDGAR filings. Retrieved October 30, 2026.

View chart data
Period Revenue (TTM)
FY23 Q4 $9.9B
FY24 Q1 $9.7B
FY24 Q2 $10.5B
FY24 Q3 $10.9B
FY24 Q4 $11.4B
FY25 Q1 $12B
FY25 Q2 $11.9B
FY25 Q3 $12.3B
FY25 Q4 $13.4B
FY26 Q1 $14.5B
FY26 Q2 $15.8B
FY26 Q3 $17.1B
Revenue growth, TTM YoY Southern Copper Corp/
-20% 0% 20% 40% FY23 Q4 FY24 Q3 FY25 Q2 FY26 Q3 Revenue growth, TTM YoY, FY23 Q4: -1.5% Revenue growth, TTM YoY, FY24 Q1: -3.7% Revenue growth, TTM YoY, FY24 Q2: 4.4% Revenue growth, TTM YoY, FY24 Q3: 5.0% Revenue growth, TTM YoY, FY24 Q4: 15.5% Revenue growth, TTM YoY, FY25 Q1: 23.2% Revenue growth, TTM YoY, FY25 Q2: 13.0% Revenue growth, TTM YoY, FY25 Q3: 12.7% Revenue growth, TTM YoY, FY25 Q4: 17.4% Revenue growth, TTM YoY, FY26 Q1: 21.7% Revenue growth, TTM YoY, FY26 Q2: 32.8% Revenue growth, TTM YoY, FY26 Q3: 38.7% 38.7%

Source: SEC EDGAR filings. Retrieved October 30, 2026.

View chart data
Period Revenue growth, TTM YoY
FY23 Q4 -1.5%
FY24 Q1 -3.7%
FY24 Q2 4.4%
FY24 Q3 5.0%
FY24 Q4 15.5%
FY25 Q1 23.2%
FY25 Q2 13.0%
FY25 Q3 12.7%
FY25 Q4 17.4%
FY26 Q1 21.7%
FY26 Q2 32.8%
FY26 Q3 38.7%
Operating margin (TTM) Southern Copper Corp/
40% 45% 50% 55% 60% FY23 Q4 FY24 Q3 FY25 Q2 FY26 Q3 Operating margin (TTM), FY23 Q4: 42.4% Operating margin (TTM), FY24 Q1: 41.5% Operating margin (TTM), FY24 Q2: 45.0% Operating margin (TTM), FY24 Q3: 46.7% Operating margin (TTM), FY24 Q4: 48.6% Operating margin (TTM), FY25 Q1: 49.4% Operating margin (TTM), FY25 Q2: 49.5% Operating margin (TTM), FY25 Q3: 50.3% Operating margin (TTM), FY25 Q4: 52.2% Operating margin (TTM), FY26 Q1: 54.6% Operating margin (TTM), FY26 Q2: 56.9% Operating margin (TTM), FY26 Q3: 58.6% 58.6%

Source: SEC EDGAR filings. Retrieved October 30, 2026.

View chart data
Period Operating margin (TTM)
FY23 Q4 42.4%
FY24 Q1 41.5%
FY24 Q2 45.0%
FY24 Q3 46.7%
FY24 Q4 48.6%
FY25 Q1 49.4%
FY25 Q2 49.5%
FY25 Q3 50.3%
FY25 Q4 52.2%
FY26 Q1 54.6%
FY26 Q2 56.9%
FY26 Q3 58.6%
FCF margin (TTM) Southern Copper Corp/
20% 25% 30% 35% FY23 Q4 FY24 Q3 FY25 Q2 FY26 Q3 FCF margin (TTM), FY23 Q4: 25.9% FCF margin (TTM), FY24 Q1: 21.3% FCF margin (TTM), FY24 Q2: 20.4% FCF margin (TTM), FY24 Q3: 23.3% FCF margin (TTM), FY24 Q4: 29.7% FCF margin (TTM), FY25 Q1: 28.0% FCF margin (TTM), FY25 Q2: 29.1% FCF margin (TTM), FY25 Q3: 28.2% FCF margin (TTM), FY25 Q4: 25.5% FCF margin (TTM), FY26 Q1: 29.4% FCF margin (TTM), FY26 Q2: 32.3% FCF margin (TTM), FY26 Q3: 32.7% 32.7%

Source: SEC EDGAR filings. Retrieved October 30, 2026.

View chart data
Period FCF margin (TTM)
FY23 Q4 25.9%
FY24 Q1 21.3%
FY24 Q2 20.4%
FY24 Q3 23.3%
FY24 Q4 29.7%
FY25 Q1 28.0%
FY25 Q2 29.1%
FY25 Q3 28.2%
FY25 Q4 25.5%
FY26 Q1 29.4%
FY26 Q2 32.3%
FY26 Q3 32.7%

Data: SEC EDGAR XBRL company facts (as filed in 10-K/10-Q); forms 10-K, 10-K/A, 10-Q. Generated November 3, 2026. Definitions in our methodology.

Where the money goes

FY2025, from the 10-K

Each dollar Southern Copper Corp/ took in during FY2025, followed through to profit: what it cost to make, what went on running the business, and what was left after tax.

  1. Revenue $13.4B
  2. Cost of revenue $5.4B · 39.9%
  3. Gross profit $8.1B · 60.1%
  4. Selling, general and admin $138M · 1.0%
  5. Other operating costs $921M · 6.9%
  6. Operating income $7B · 52.2%
  7. Income tax $2.5B · 18.4%
  8. Interest and other $197M · 1.5%
  9. Net income $4.3B · 32.3%

Shares of revenue. Source: Southern Copper Corp/'s 10-K for FY2025, as filed with the SEC. "Other" lines are what the reported lines leave unexplained.

Financial statements

US$ billions unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

Fiscal year 2009 Dec 2009 2010 Dec 2010 2011 Dec 2011 2012 Dec 2012 2013 Dec 2013 2014 Dec 2014 2015 Dec 2015 2016 Dec 2016 2017 Dec 2017 2018 Dec 2018 2019 Dec 2019 2020 Dec 2020 2021 Dec 2021 2022 Dec 2022 2023 Dec 2023 2024 Dec 2024 2025 Dec 2025 LTM Sept 2026
Income
Revenue 3.7 5.1 6.8 6.7 6.0 5.8 5.0 5.4 6.7 7.1 7.3 8.0 10.9 10.0 9.9 11.4 13.4 17.1
Gross profit 1.9 2.7 3.8 3.6 2.7 2.5 1.6 1.7 2.7 3.0 2.9 4.1 7.0 5.4 5.2 6.6 8.1 11.1
EBITDA 1.8 2.9 3.9 3.4 2.9 2.7 1.9 2.2 3.3 3.6 3.5 3.9 6.9 5.2 5.0 6.4 7.9 10.9
Operating income 1.5 2.6 3.6 3.1 2.5 2.2 1.4 1.6 2.6 2.9 2.8 3.1 6.1 4.4 4.2 5.6 7.0 10.0
Net income 0.9 1.6 2.3 1.9 1.6 1.3 0.7 0.8 0.7 1.5 1.5 1.6 3.4 2.6 2.4 3.4 4.3 6.4
Diluted EPS $1.07 $1.79 $2.67 $2.23 $1.88 $1.58 $0.91 $0.98 $0.92 $1.96 $1.88 $1.99 $4.29 $3.34 $2.98 $4.12 $5.24 $7.63
Growth (year on year)
Revenue — +37.9% +32.4% −2.2% −10.7% −2.8% −12.8% +6.6% +23.7% +6.6% +2.7% +9.6% +36.9% −8.1% −1.5% +15.5% +17.4% +38.7%
EBITDA — +64.1% +35.6% −12.2% −14.7% −8.6% −28.1% +14.9% +48.8% +8.1% −1.1% +10.8% +76.3% −23.9% −3.9% +27.4% +23.0% +55.2%
Operating income — +75.3% +39.2% −14.2% −18.6% −11.8% −36.7% +10.6% +67.4% +10.0% −4.4% +13.4% +94.4% −26.9% −5.5% +32.5% +26.1% +61.8%
Net income — +67.2% +50.3% −17.2% −16.3% −17.6% −44.8% +5.4% −6.2% +111.8% −3.7% +5.7% +116.3% −22.3% −8.1% +39.2% +28.4% +66.4%
Diluted EPS — +67.9% +49.2% −16.5% −15.8% −16.1% −42.2% +7.5% −6.0% +112.8% −4.0% +5.7% +116.3% −22.3% −10.6% +38.0% +27.2% +69.1%
Margins
Gross margin 50.0% 53.2% 55.3% 53.6% 45.1% 43.2% 31.9% 31.6% 41.0% 42.5% 40.0% 50.8% 64.4% 53.7% 52.6% 57.7% 60.1% 65.2%
EBITDA margin 47.1% 56.0% 57.4% 51.5% 49.2% 46.3% 38.2% 41.1% 49.4% 50.1% 48.3% 48.8% 62.8% 52.1% 50.8% 56.0% 58.6% 64.0%
Operating margin 39.8% 50.6% 53.2% 46.6% 42.5% 38.6% 28.0% 29.1% 39.4% 40.6% 37.8% 39.1% 55.5% 44.1% 42.4% 48.6% 52.2% 58.6%
Net margin 24.9% 30.2% 34.3% 29.0% 27.2% 23.0% 14.6% 14.4% 10.9% 21.7% 20.4% 19.7% 31.1% 26.3% 24.5% 29.5% 32.3% 37.2%
Free-cash-flow margin 14.7% 29.4% 21.5% 14.3% 2.6% −3.0% −5.3% −3.6% 14.3% 15.7% 16.5% 27.4% 31.1% 18.5% 25.9% 29.7% 25.5% 32.7%
Cash flow
Cash from operations 1.0 1.9 2.1 2.0 1.9 1.4 0.9 0.9 2.0 2.2 1.9 2.8 4.3 2.8 3.6 4.4 4.8 7.4
Capital spending 0.4 0.4 0.6 1.1 1.7 1.5 1.1 1.1 1.0 1.1 0.7 0.6 0.9 0.9 1.0 1.0 1.3 1.8
Free cash flow 0.5 1.5 1.5 1.0 0.2 −0.2 −0.3 −0.2 1.0 1.1 1.2 2.2 3.4 1.9 2.6 3.4 3.4 5.6
Balance sheet
Cash 0.8 0.8 0.8 2.5 1.7 0.4 0.3 0.5 1.0 0.8 1.9 2.2 3.0 2.1 1.2 3.3 4.3 4.8
Total debt 1.3 2.8 2.8 4.3 4.3 4.3 6.1 6.1 6.1 6.1 7.1 6.7 6.7 6.4 6.4 6.4 6.9 8.0
Net debt (negative = net cash) 0.5 1.9 1.9 1.8 2.6 3.9 5.8 5.5 5.0 5.2 5.1 4.5 3.6 4.3 5.2 3.1 2.5 3.2
Diluted shares 851m 859m 855m 848m 843m 828m 795m 774m 773m 773m 773m 773m 773m 773m 795m 803m 827m 834m
Returned to shareholders
Dividends 0.4 1.4 2.1 3.1 0.6 0.4 0.3 0.1 0.5 1.1 1.2 1.2 2.5 2.7 3.1 1.6 2.5 3.3
Buybacks 0.1 0.0 0.3 0.1 0.3 0.7 1.0 0.1 — — — — — — — — — —
Total returned 0.4 1.4 2.4 3.3 0.9 1.1 1.3 0.2 0.5 1.1 1.2 1.2 2.5 2.7 3.1 1.6 2.5 3.3

Source: SEC EDGAR XBRL company facts (US and foreign periodic filings); column headings link to the filing. EBITDA is operating income plus depreciation and amortisation. Free cash flow is cash from operations minus capital spending. Growth is left blank when last year's figure was a loss or under 2% of revenue. Share counts and EPS are restated for stock splits. A dash means the company didn't report the figure.

Financial health

3 of 5 checks passed · September 30, 2026
What it owns · $25.6bn
Short-term assets $11.9bnLonger-term assets $13.7bn
What it owes, and who funded it · $16.3bn
Short-term liabilities $2.8bnShareholders' equity $13.5bn
  • Short-term assets cover short-term liabilities $11.9bn of assets due within a year against $2.8bn of liabilities due within a year.
  • Short-term assets cover long-term liabilities Not assessable from the reported split. Not assessable.
  • More cash than debt $4.8bn of cash against $8.0bn of debt.
  • Debt below 40% of shareholders' equity Debt is 59% of equity.
  • Debt burden no higher than five years ago Debt to equity moved from 77% to 59% over five years.
  • A year's operating cash flow covers at least 20% of debt $7.4bn of operating cash flow against $8.0bn of debt.
  • Operating profit covers interest at least five times over Interest not separately reported. Not assessable.

From Southern Copper Corp/'s latest balance sheet as filed. Checks are fixed, documented rules (methodology), counted only where the company reports the figures — a dot means the filing doesn't break the item out. Descriptions of reported data, not advice.

Dividends, buybacks and capital spending

Dividends (TTM)
$3.3B
Diluted share count
−1.6%
year over year
Total shareholder yield
2.2%
dividends 2.2% + buybacks 0.0% of market value
Dividend payout ratio
52%
of net income paid out
Sales & admin spending
0.9%
of revenue
Days sales outstanding
50 days
receivables vs revenue

Competitors: side by side with peers

Closest by revenue in copper
Last 12 months unless stated SCCO FCX HBM ERO Median
Revenue, last 12 months $17.1bn $25.9bn $2.2bn $786m $9.7bn
Revenue growth, last 12 months 38.7% 0.2% 9.4% 67.1% 24.0%
Revenue growth, 3-year average 18.0% 5.7% — — 11.8%
Revenue growth, latest quarter 39.1% −7.3% — — 15.9%
Gross margin 65.2% 27.1% 33.6% 43.9% 38.7%
Operating margin 58.6% 26.8% 41.5% 34.4% 37.9%
Operating margin, 3-year average 51.9% 27.2% 22.6% — 27.2%
Net margin 37.2% 11.4% 25.7% 33.6% 29.6%
Cash from operations / revenue 43.3% 22.8% 32.0% 50.3% 37.6%
Free-cash-flow margin 32.7% 14.5% 10.9% 16.8% 15.7%
Free-cash-flow margin, 3-year average 28.1% 9.0% 11.2% — 11.2%
Stock pay / revenue — 0.5% 2.8% 3.1% 2.8%
Change in share count −1.6% −0.1% 5.1% 1.0% 0.4%

Median of all 4 companies we cover in copper. Shaded: best of the six on that line (lowest for stock pay and share-count growth). 3-year figures average the last three 12-month periods; 3-year growth is compound annual. Source: SEC filings.

Peer comparison

171 materials companies
Measure Company Peer median Rank
Revenue growth Growth 38.7% 8.3% 36 of 170
Change in growth rate Growth +5.9pp +2.4pp 54 of 168
Gross margin Profitability 65.2% 26.1% 10 of 151
Operating margin Profitability 58.6% 7.0% 7 of 140
Net margin Profitability 37.2% 3.8% 10 of 170
Free-cash-flow margin Cash generation 32.7% 5.0% 10 of 167
Long-term debt as % of assets Balance sheet 31.2% 22.8% 97 of 147
Change in share count Balance sheet -1.6% 0.4% 36 of 161
Days sales outstanding Balance sheet 50 days 45 days 77 of 125

Rank 1 = best in the group (for spending, debt and dilution, lower ranks first).

Where the revenue comes from

Fiscal year to December 31, 2025
Products and services
Line of business Revenue Share YoY
Copper $10B 74.8% ▲ 14.6%
Molybdenum $1.4B 10.5% ▲ 12.7%
Silver $974M 7.3% ▲ 65.6%
Zinc $530M 3.9% ▲ 21.8%
Other Metals $477M 3.6% ▲ 16.3%
Geography
Region Revenue Share YoY
Mexico $3.3B 24.2% ▲ 13.9%
United States $1.9B 13.9% ▲ 26.9%
Switzerland $1.9B 13.8% ▲ 28.6%
China $1.3B 9.5% ▲ 7.9%
Japan $985M 7.3% ▲ 35.6%
PE $864M 6.4% ▲ 30.7%
Other European Countries $696M 5.2% ▼ 4.2%
ES $666M 5.0% ▲ 21.2%
Brazil $558M 4.2% ▲ 8.7%
CL $548M 4.1% ▲ 21.2%
IT $395M 2.9% ▲ 7.0%
Singapore $272M 2.0% ▲ 6.2%
Other Asian Countries $105M 0.8% ▼ 34.4%
Latin America $83.7M 0.6% ▲ 19.2%

From Southern Copper Corp/'s 10-K filed February 27, 2026, as tagged in the filing. View filing. Indented rows are part of the line above; their share is of that line. In the bars, the faint bar behind is the year before.

Who owns it

Funds buying and selling
Reported value
$13.4B
Institutions reporting
852
Shares held vs prior quarter
0.0%
Positions opened / closed
100 / 69

Top buyers and sellers, Q2 2026: 588 institutions bought and 286 sold ; the biggest buyer was Blackrock, Inc (+525K shares) and the biggest seller Acadian Asset Management LLC (−1.8M). See which funds bought and sold →

Largest reported holders, June 30, 2026
Manager Value Shares Share of 13F value Shares QoQ
Blackrock, Inc. $1.7B 9.9M 12.9% ▲ 5.6%
Capital World Investors $1.4B 7.8M 10.1% ▼ 9.9%
Price T Rowe Associates Inc $547M 3.1M 4.1% ▲ 9.7%
State Street Corp $528M 3.0M 3.9% ▲ 3.9%
Fisher Asset Management, LLC $486M 2.8M 3.6% ▲ 20.8%
Neuberger Berman Group LLC $440M 2.5M 3.3% ▼ 3.0%
Mirae Asset Global Etfs Holdings Ltd. $440M 2.5M 3.3% ▲ 2.8%
Bank Of America Corp $318M 1.8M 2.4% ▲ 37.7%
Goldman Sachs Group Inc $270M 1.5M 2.0% ▲ 6.9%
Morgan Stanley $242M 1.4M 1.8% ▼ 1.9%
UBS Am, A Distinct Business Unit Of UBS Asset Management Americas LLC $225M 1.3M 1.7% ▲ 2.2%
Citigroup Inc $214M 1.2M 1.6% ▲ 21.9%

From Form 13F filings with the SEC ( quarterly data sets), as reported by each manager for June 30, 2026 and filed up to 45 days later. 13F reports cover long US-listed positions of managers above $100M only, so this is not Southern Copper Corp/'s complete shareholder register. Values are as reported by the filers ; 2 inconsistently scaled filing rows were excluded.

Insider trading activity

Full insider history and chart
Insider purchases History → $0 0 trades by 0 insiders, last 12 months Insider sales History → $3.4M 24 trades by 3 insiders · 0% under pre-set plans
Net ▼ $3.4M net selling
Insider Date Trade Shares Price Value
Palomino Bonilla Luis Miguel Director September 24, 2026 Sell 100 $200.00 $20,000
Palomino Bonilla Luis Miguel Director September 24, 2026 Sell 100 $200.00 $20,000
Palomino Bonilla Luis Miguel Director September 8, 2026 Sell 100 $210.00 $21,000
Palomino Bonilla Luis Miguel Director September 4, 2026 Sell 100 $200.00 $20,000
Palomino Bonilla Luis Miguel Director August 31, 2026 Sell 400 $217.50 $87,000
Palomino Bonilla Luis Miguel Director August 31, 2026 Sell 0 — $0
Palomino Bonilla Luis Miguel Director August 5, 2026 Sell 100 $198.30 $19,830
Palomino Bonilla Luis Miguel Director August 5, 2026 Sell 100 $200.00 $20,000
Palomino Bonilla Luis Miguel Director August 4, 2026 Sell 100 $195.00 $19,500
Palomino Bonilla Luis Miguel Director July 24, 2026 Sell 100 $179.00 $17,900
Palomino Bonilla Luis Miguel Director June 5, 2026 Sell 4 $181.00 $724
Palomino Bonilla Luis Miguel Director June 2, 2026 Sell 100 $200.00 $20,000

From insiders' Form 4 filings with the SEC. Excludes awards, option exercises and shares withheld for tax. "Pre-set plan" means the filing marks the trade as made under a Rule 10b5-1 plan. See every insider trade since five years ago, on a price chart.

Trades by members of Congress

All 9 trades and filings

No trades in Southern Copper Corp/ disclosed in the last 12 months; 9 earlier trades on record.

  • Marjorie Taylor Greene(R-GA 14):Purchase, $1,001 - $15,000, traded April 8, 2025, filed April 11, 2025
  • Marjorie Taylor Greene(R-GA 14):Purchase, $1,001 - $15,000, traded January 8, 2025, filed January 27, 2025
  • Marjorie Taylor Greene(R-GA 14):Purchase, $1,001 - $15,000, traded November 20, 2024, filed November 21, 2024

Value ranges as filed; reports can arrive up to 45 days after a trade.

Earnings dates and SEC filings

Results announcements

Next expected around January 27, 2027 estimated from the company's past filing pattern, not announced

  • October 21, 2026
  • July 22, 2026
  • April 29, 2026
  • January 28, 2026
  • October 29, 2025
  • July 29, 2025

Recent SEC filings

Data status

When each part of this page on Southern Copper Corp/ was last updated.

DataLast updatedSource
Share priceExchange closing prices
Financial statementsSEC 10-K and 10-Q filings
News and updatesCompany releases and SEC 8-K filings
Analyst estimatesAggregated analyst estimates
Valuation and scoresOur models, from the filed figures

How we build and check these figures: methodology and data sources.

Southern Copper Corp/ in brief

What does Southern Copper Corp/ do?
Southern Copper Corp/ is a US-listed company in the copper industry. Its financial year ends in December.
What is Southern Copper Corp/'s stock ticker?
Southern Copper Corp/ trades under the ticker SCCO on NYSE. This page brings together its financial statements, valuation models, ownership and recent company updates.
What is Southern Copper Corp/'s revenue, and how fast is it growing?
Over its most recent trailing twelve months, Southern Copper Corp/ reported revenue of $17.1B, 38.7% higher than a year earlier, according to its SEC filings.
What is Southern Copper Corp/'s free cash flow?
Southern Copper Corp/'s free-cash-flow margin is 32.7% of revenue over the trailing twelve months, ranking 10 of the 167 materials companies we cover.
What is Southern Copper Corp/'s fair value (intrinsic value) per share?
Our discounted-cash-flow model of Southern Copper Corp/'s free cash flow after stock-based pay gives ~$150 per share in the base case, and ~$110–$200 across growth scenarios. These are model values under stated assumptions — not a price target or a recommendation.
Who are Southern Copper Corp/'s largest institutional shareholders?
By value reported in 13F filings for June 30, 2026, the largest reported holders are Blackrock, Inc., Capital World Investors and Price T Rowe Associates Inc. 13F reports cover long US-listed positions of managers above $100M, filed up to 45 days after quarter end.
What is Southern Copper Corp/'s market cap?
On November 2, 2026, Southern Copper Corp/'s market capitalisation was about $147B, with a price-to-earnings ratio of 23.1 and net debt of $3.2B. Market figures come from third-party market data and may be delayed.
Does Southern Copper Corp/ pay a dividend?
Yes: Southern Copper Corp/ paid $3.3B in dividends over the trailing twelve months, a dividend yield of 2.23% and a payout ratio of 51.8%.
How much debt does Southern Copper Corp/ have?
Southern Copper Corp/'s debt-to-equity ratio is 59.2%, from its latest balance sheet (76.6% five years earlier). The financial health section below sets out its other solvency checks.
Who are Southern Copper Corp/'s competitors?
In our Copper peer group, the companies closest to Southern Copper Corp/ are Freeport-McMoRan, Hudbay Minerals Inc. and Ero Copper Corp. The side-by-side comparison below sets their revenue, margins and growth against Southern Copper Corp/'s.
Are insiders buying or selling Southern Copper Corp/ stock?
Over the last 12 months, Southern Copper Corp/'s directors and officers reported 0 open-market purchases and 24 sales on Form 4. The insider trading page charts every trade.
When is Southern Copper Corp/'s next earnings date?
Around January 27, 2027, estimated from the spacing of its past results announcements (8-K filings). That is an estimate, not a confirmed date — Southern Copper Corp/ announces its own schedule.