SOUTHERN COPPER CORP/ financial statements

Income statement, balance sheet and cash flow statement for the last 10 fiscal years, taken from the XBRL data SOUTHERN COPPER CORP/ files with the SEC in its annual reports.

In USD millions, except per-share amounts. Outflows in the cash flow statement are negative.

Income statement

	FY2016	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025
Revenue	5,380	6,655	7,097	7,286	7,985	10,934	10,048	9,896	11,433	13,420
Cost of revenue	3,034	3,253	3,409	3,606	3,930	3,894	4,649	4,688	4,841	5,359
Gross profit	1,699	2,731	3,013	2,915	4,055	7,040	5,399	5,208	6,592	8,061
Selling, general and administrative	94.3	93.1	103	132	126	125	125	127	131	138
Operating income	1,564	2,619	2,881	2,753	3,121	6,065	4,436	4,192	5,555	7,002
Interest income	7.1	5.5	16	21.2	19.2	7.2	35	86.6	131	200
Other non-operating income	-24.6	-15.7	-30.7	-7	-27.5	-18.4	117	3.6	5.5	-47.7
Pre-tax income	1,256	2,303	2,589	2,427	2,746	5,697	4,248	3,956	5,357	6,784
Income tax	501	1,593	1,054	945	1,174	2,299	1,596	1,519	1,975	2,470
Net income to minority interests	2.3	3.9	5.2	6.1	7.4	14.1	9.5	9.5	11.8	13.3
Net income	777	729	1,543	1,486	1,570	3,397	2,639	2,425	3,377	4,335
EBITDA	2,211	3,290	3,556	3,517	3,896	6,871	5,232	5,026	6,401	7,870
EPS, basic	1.00	0.94	2.00	1.92	2.03	4.39	3.41	3.05	4.21	5.24
EPS, diluted	1.00	0.94	2.00	1.92	2.03	4.39	3.41	3.05	4.21	5.24
Shares, basic (weighted)	774	773	773	773	773	773	773	795	803	827
Shares, diluted (weighted)	774	773	773	773	773	773	773	795	803	827
Dividend per share	0.18	0.59	1.40	1.60	1.50	3.20	3.50	4.00	2.10	3.10

Balance sheet

	FY2016	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025
Cash and equivalents	546	1,005	845	1,925	2,184	3,002	2,070	1,152	3,258	4,305
Short-term investments	51.3	50.5	214	80.7	411	487	208	599	245	605
Receivables	592	891	822	833	1,069	1,359	1,394	1,141	1,190	1,951
Inventory	1,010	1,042	1,033	1,069	950	973	1,014	1,017	1,049	1,058
Other current assets	36.9	11	29.3	26.2	29.2	33.5	44.4	38.1	31.7	31.3
Total current assets	2,566	3,170	3,180	4,185	4,815	6,140	5,188	4,430	6,174	8,353
Property, plant and equipment	8,767	9,100	9,404	9,371	9,459	9,464	9,597	9,783	9,883	10,272
Lease right-of-use assets				1,046	979	916	851	775	740	701
Goodwill	41.9	41.9	41.9	41.9	41.9	41.9	41.9	41.9	41.9	41.9
Intangible assets	28	26.1	24.8	30.5	25.4	21	21.4	18.5	16	15.7
Other non-current assets	126	116	71.4	71.3	81.3	110	94.6	121	224	348
Total assets	13,234	13,780	14,288	16,407	16,947	18,298	17,277	16,725	18,714	21,381
Accounts payable	584	660	673	598	595	592	658	653	615	862
Short-term debt				400		300			500
Total current liabilities	999	1,168	1,216	1,477	1,385	2,250	1,236	1,389	2,248	2,145
Long-term debt	5,954	5,957	5,960	6,541	6,544	6,248	6,251	6,255	5,759	6,751
Lease liabilities				978	908	842	774	697	658	576
Other non-current liabilities	31.1	37.2	68.2	113	129	68.3	82.4	66.2	35.6	106
Total liabilities	7,363	7,631	7,675	9,549	9,671	10,090	9,131	9,244	9,475	10,277
Total debt	5,954	5,957	5,960	6,941	6,544	6,548	6,251	6,255	6,258	6,751
Paid-in capital	3,358	3,373	3,394	3,425	3,442	3,454	3,490	3,533	5,026	7,258
Retained earnings	5,455	5,726	6,187	6,436	6,846	7,770	7,702	7,034	6,840	5,797
Treasury stock	-2,988	-3,001	-3,020	-3,049	-3,064	-3,074	-3,108	-3,149	-2,701	-2,034
Other comprehensive income	-2.4	0.5	-2.4	-10.1	-8.4	-9.4	-9	-8	-2.2	8.3
Shareholders' equity	5,832	6,108	6,567	6,810	7,225	8,149	8,084	7,418	9,172	11,038
Minority interests	38.6	45.4	45.4	47.9	51.2	58.6	62.7	63.1	66.6	66.8
Total equity	5,871	6,149	6,613	6,858	7,276	8,208	8,147	7,481	9,238	11,105
Total liabilities and equity	13,234	13,780	14,288	16,407	16,947	18,298	17,277	16,725	18,714	21,381

Cash flow statement

	FY2016	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025
Net income	779	732	1,548	1,492	1,578	3,411	2,648	2,435	3,389	4,348
Depreciation and amortization	647	671	674	764	776	806	796	834	846	868
Deferred income tax	-117	642	-51.5	-21	-63.5	-126	119	-59.1	-52.2	-33.9
Change in inventory	-208	-202	-191	-88.7	224	4.7	-7.7	-60.4	-56.1	22.1
Change in payables	30.5	140	118	-185	314	558	-718	152	386	326
Cash from operations	923	1,977	2,235	1,912	2,784	4,292	2,803	3,573	4,422	4,752
Capital expenditures	-1,119	-1,024	-1,121	-708	-592	-892	-949	-1,009	-1,027	-1,325
Purchases of investments	-130	-61.3	-311	-284	-450	-1,653	-486	-809	-612	-2,054
Sales and maturities of investments	682	62.3	147
Cash from investing	-452	-1,019	-1,296	-574	-916	-973	-667	-1,398	-673	-1,685
Debt issued				987						994
Debt repaid					-400		-300			-500
Share buybacks	-71.7
Dividends paid	-139	-456	-1,082	-1,237	-1,160	-2,474	-2,706	-3,092	-1,637	-2,485
Cash from financing	-211	-456	-1,083	-262	-1,563	-2,480	-3,011	-3,101	-1,645	-2,007
Exchange rate effect	11.1	-42.7	-15.7	4.8	-46	-20.9	-57	8.3	3.4	-13.7
Net change in cash	272	459	-160	1,081	259	818	-932	-918	2,107	1,047
Free cash flow	-195	953	1,114	1,204	2,191	3,400	1,854	2,565	3,394	3,427
Interest paid	357	357	357	357	384	380	380	370	370	388
Income taxes paid	572	890	1,155	1,139	1,037	1,947	2,392	1,434	1,591

Key metrics

Worked out from the statements above. Latest values use the trailing twelve months to June 30, 2026; growth uses fiscal years. Valuation uses the share price of $203.92 on September 25, 2026.

Profitability

Metric	Value	How it is calculated
Gross margin	63.8%	Gross profit / revenue.
Operating margin	56.9%	Operating income / revenue.
EBITDA margin	62.5%	EBITDA (operating income + depreciation and amortization) / revenue.
Pre-tax margin	55.8%	Pre-tax income / revenue.
Net margin	35.9%	Net income / revenue.
FCF margin	32.3%	Free cash flow (cash from operations - capital expenditures) / revenue.
Operating cash flow margin	42.7%	Cash from operations / revenue.
Effective tax rate	36.3%	Income tax / pre-tax income, when pre-tax income is positive.
Return on equity (ROE)	44.8%	Net income / average shareholders' equity (opening and closing). Not shown when equity is negative.
Return on assets (ROA)	23.5%	Net income / average total assets.
Return on invested capital (ROIC)	38.2%	Approximation: operating income x (1 - tax rate) / average (total debt + equity - cash). Tax rate is the effective rate when between 0% and 50%, else 21%.
SG&A / revenue	0.9%	Selling, general and administrative expense / revenue.
Capex / revenue	10.4%	Capital expenditures / revenue.
D&A / revenue	5.6%	Depreciation and amortization / revenue.

Growth

Metric	Value	How it is calculated
Revenue growth, 1y	17.4%	Revenue vs the same period a year earlier. Only from a positive base.
Revenue CAGR, 3y	10.1%	Compound annual growth of revenue over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Revenue CAGR, 5y	10.9%	Compound annual growth of revenue over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Gross profit growth, 1y	22.3%	Gross profit vs the same period a year earlier. Only from a positive base.
Gross profit CAGR, 3y	14.3%	Compound annual growth of gross profit over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Gross profit CAGR, 5y	14.7%	Compound annual growth of gross profit over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Operating income growth, 1y	26.1%	Operating income vs the same period a year earlier. Only from a positive base.
Operating income CAGR, 3y	16.4%	Compound annual growth of operating income over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Operating income CAGR, 5y	17.5%	Compound annual growth of operating income over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
EBITDA growth, 1y	23.0%	EBITDA vs the same period a year earlier. Only from a positive base.
EBITDA CAGR, 3y	14.6%	Compound annual growth of ebitda over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
EBITDA CAGR, 5y	15.1%	Compound annual growth of ebitda over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Net income growth, 1y	28.4%	Net income vs the same period a year earlier. Only from a positive base.
Net income CAGR, 3y	18.0%	Compound annual growth of net income over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Net income CAGR, 5y	22.5%	Compound annual growth of net income over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
EPS growth, 1y	24.5%	EPS vs the same period a year earlier. Only from a positive base.
EPS CAGR, 3y	15.4%	Compound annual growth of eps over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
EPS CAGR, 5y	20.9%	Compound annual growth of eps over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Operating cash flow growth, 1y	7.5%	Operating cash flow vs the same period a year earlier. Only from a positive base.
Operating cash flow CAGR, 3y	19.2%	Compound annual growth of operating cash flow over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Operating cash flow CAGR, 5y	11.3%	Compound annual growth of operating cash flow over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Free cash flow growth, 1y	1.0%	Free cash flow vs the same period a year earlier. Only from a positive base.
Free cash flow CAGR, 3y	22.7%	Compound annual growth of free cash flow over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Free cash flow CAGR, 5y	9.4%	Compound annual growth of free cash flow over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Dividend per share growth, 1y	47.6%	Dividend per share vs the same period a year earlier. Only from a positive base.
Dividend per share CAGR, 3y	-4.0%	Compound annual growth of dividend per share over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Dividend per share CAGR, 5y	15.6%	Compound annual growth of dividend per share over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Book value growth, 1y	20.4%	Book value vs the same period a year earlier. Only from a positive base.
Book value CAGR, 3y	10.9%	Compound annual growth of book value over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Book value CAGR, 5y	8.8%	Compound annual growth of book value over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Total assets growth, 1y	14.3%	Total assets vs the same period a year earlier. Only from a positive base.
Total assets CAGR, 3y	7.4%	Compound annual growth of total assets over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Total assets CAGR, 5y	4.8%	Compound annual growth of total assets over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Share count change, 1y	3.0%	Change in diluted weighted shares vs a year earlier. Negative means buybacks shrank the share count; positive means dilution.
Share count change per year, 3y	2.3%	Change in diluted weighted shares, per year over 3 years. Negative means buybacks shrank the share count; positive means dilution.
Share count change per year, 5y	1.3%	Change in diluted weighted shares, per year over 5 years. Negative means buybacks shrank the share count; positive means dilution.

Balance sheet health

Metric	Value	How it is calculated
Current ratio	5.06x	Current assets / current liabilities.
Quick ratio	4.37x	(Cash + short-term investments + receivables) / current liabilities.
Cash ratio	3.44x	(Cash + short-term investments) / current liabilities.
Debt / equity	0.63x	Total debt / shareholders' equity. Not shown when equity is negative.
Debt / assets	33.1%	Total debt / total assets.
Liabilities / assets	47.3%	Total liabilities / total assets.
Net debt	$664.5M	Total debt - cash - short-term investments. Negative means more cash than debt.
Net debt / EBITDA	0.07x	Net debt / EBITDA (twelve months), when EBITDA is positive.
Working capital	$8.66B	Current assets - current liabilities.
Tangible book value	$12.63B	Shareholders' equity - goodwill - intangible assets.

Efficiency

Metric	Value	How it is calculated
Asset turnover	0.65x	Revenue / average total assets.
Fixed asset turnover	1.48x	Revenue / average property, plant and equipment.
Inventory turnover	5.39x	Cost of revenue / average inventory.
Days inventory	68 days	365 x average inventory / cost of revenue.
Receivables turnover	7.91x	Revenue / average receivables.
Days sales outstanding	46 days	365 x average receivables / revenue.
Days payables	56 days	365 x average accounts payable / cost of revenue.
Cash conversion cycle	58 days	Days inventory + days sales outstanding - days payables.
FCF conversion	90.1%	Free cash flow / net income, when net income is positive.
Capex / operating cash flow	24.3%	Capital expenditures / cash from operations, when that is positive.

Per share

Metric	Value	How it is calculated
EPS, diluted	$6.83	Net income per diluted share, as reported (split-adjusted). Over the last twelve months: the four quarters summed, or net income / latest diluted shares when a quarter has no reported EPS.
Revenue per share	$19.04	Revenue / diluted weighted shares.
FCF per share	$6.15	Free cash flow / diluted weighted shares.
Operating cash flow per share	$8.13	Cash from operations / diluted weighted shares.
Book value per share	$15.24	Shareholders' equity / shares outstanding (diluted weighted shares when not reported).
Tangible book per share	$15.24	Tangible book value / shares outstanding.
Cash per share	$8.84	(Cash + short-term investments) / shares outstanding.
Payout ratio	53.3%	Dividends paid / net income, when net income is positive.
Dividends / FCF	59.2%	Dividends paid / free cash flow, when free cash flow is positive.

Valuation

Metric	Value	How it is calculated
Market cap	$170.14B	Share price x shares outstanding.
Enterprise value	$170.80B	Market cap + total debt - cash - short-term investments.
P/E	30.0x	Market cap / net income. Only when net income is positive.
P/S	10.8x	Market cap / revenue.
P/B	13.5x	Market cap / shareholders' equity. Only when equity is positive.
Price / tangible book	13.5x	Market cap / tangible book value, when positive.
P/FCF	33.4x	Market cap / free cash flow. Only when free cash flow is positive.
P/OCF	25.3x	Market cap / cash from operations, when positive.
EV/Sales	10.8x	Enterprise value / revenue.
EV/EBIT	19.0x	Enterprise value / operating income, when both are positive.
EV/EBITDA	17.3x	Enterprise value / EBITDA, when both are positive.
EV/FCF	33.5x	Enterprise value / free cash flow, when both are positive.
FCF yield	3.0%	Free cash flow / market cap.
Earnings yield	3.3%	Net income / market cap (the inverse of P/E).
Dividend yield	1.8%	Dividends paid over the period / market cap.
Shareholder yield	1.8%	(Dividends paid + share buybacks) / market cap.
PEG	1.95x	P/E / EPS growth per year over 3 years (in percent). Only when both are positive.

What was SOUTHERN COPPER CORP/'s revenue in fiscal 2025?

SOUTHERN COPPER CORP/ reported revenue of $13.42B for fiscal 2025, 17.4% higher than the year before.

Was SOUTHERN COPPER CORP/ profitable in fiscal 2025?

Yes. Net income was $4.33B, a net margin of 32.3%.

How much free cash flow did SOUTHERN COPPER CORP/ generate in fiscal 2025?

Cash from operations of $4.75B minus capital expenditures of $1.33B left free cash flow of $3.43B.

Source: SEC EDGAR XBRL company facts. Where a company tags only year-to-date figures, quarters are worked out as differences. Where a line is not tagged it is left empty, never estimated.

Open interactive statements, quarterly figures and charts

Back to SOUTHERN COPPER CORP/