Is the business good?
How good a business is SCCO?
Southern Copper Corporation earns 53% on the capital it employs against a 9.0% cost of capital, so the business is worth more the bigger it gets.
53%
Return on invested capital · cost of capital 9.0% · 44 points above what the capital costs: growth creates value
- Operating margin
- 57%
Operating margin · Copper median 38% · 12 months to Q2 2026
- Cash conversion
- 0.90×
Cash conversion · 0.96× a year ago · some of the reported profit has not turned into cash yet
- Share count, year on year
- 0.00%
Share count, year on year · flat: no meaningful dilution
| Year | Operating margin |
|---|---|
| FY2020 | 39% |
| FY2021 | 55% |
| FY2022 | 44% |
| FY2023 | 42% |
| FY2024 | 49% |
| FY2025 | 52% |
Details›
- Gross margin12 months to Q2 2026
- 64%
- Operating margin12 months to Q2 2026
- 57%
- Net margin12 months to Q2 2026
- 36%
- Free cash flow margin
- 32%
- Revenue, trailing twelve months
- $15.8B
- Free cash flow, trailing twelve months
- $5.10B
- Net income, trailing twelve months
- $5.68B
- Return on invested capitaloperating profit after tax ÷ debt + equity − cash
- 53%
Margins, capital and share counts from the statements as filed with the SEC; cash conversion from the cash flow statement.