Southern Copper (SCCO) financial statements
Southern Copper reported revenue of $13.4B in fiscal 2025, up 10.7% a year over 9 years.
Net income was $4.3B and the operating margin 52.2%, against 29.1% in 2016.
Free cash flow was $3.4B, and the company returned $2.5B in dividends.
The diluted share count rose 7% over the period (dilution).
Revenue and free cash flow
Fiscal years, $ billions.
Income statement
Fiscal years, from Southern Copper's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $5.4B | $6.7B | $7.1B | $7.3B | $8.0B | $10.9B | $10.0B | $9.9B | $11.4B | $13.4B |
| Cost of revenue | $3.0B | $3.3B | $3.4B | $3.6B | $3.9B | $3.9B | $4.6B | $4.7B | $4.8B | $5.4B |
| Gross profit | $1.7B | $2.7B | $3.0B | $2.9B | $4.1B | $7.0B | $5.4B | $5.2B | $6.6B | $8.1B |
| Selling, general and admin | $94M | $93M | $103M | $132M | $126M | $125M | $125M | $127M | $130M | $138M |
| Operating income | $1.6B | $2.6B | $2.9B | $2.8B | $3.1B | $6.1B | $4.4B | $4.2B | $5.6B | $7.0B |
| Pre-tax income | $1.3B | $2.3B | $2.6B | $2.4B | $2.7B | $5.7B | $4.2B | $4.0B | $5.4B | $6.8B |
| Income tax | $501M | $1.6B | $1.1B | $945M | $1.2B | $2.3B | $1.6B | $1.5B | $2.0B | $2.5B |
| Net income | $776M | $728M | $1.5B | $1.5B | $1.6B | $3.4B | $2.6B | $2.4B | $3.4B | $4.3B |
| EPS (diluted) | $1.00 | $0.94 | $2.00 | $1.92 | $2.03 | $4.39 | $3.41 | $3.05 | $4.21 | $5.24 |
| Diluted shares | 774M | 773M | 773M | 773M | 773M | 773M | 773M | 795M | 803M | 827M |
| Gross margin | 31.6% | 41.0% | 42.5% | 40.0% | 50.8% | 64.4% | 53.7% | 52.6% | 57.7% | 60.1% |
| Operating margin | 29.1% | 39.4% | 40.6% | 37.8% | 39.1% | 55.5% | 44.1% | 42.4% | 48.6% | 52.2% |
| Net margin | 14.4% | 10.9% | 21.7% | 20.4% | 19.7% | 31.1% | 26.3% | 24.5% | 29.5% | 32.3% |
Balance sheet
Fiscal years, from Southern Copper's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and short-term investments | $597M | $1.1B | $1.1B | $2.0B | $2.6B | $3.5B | $2.3B | $1.8B | $3.5B | $4.9B |
| Receivables | $592M | $891M | $822M | $833M | $1.1B | $1.4B | $1.4B | $1.1B | $1.2B | $2.0B |
| Inventory | $1.0B | $1.0B | $1.0B | $1.1B | $950M | $973M | $1.0B | $1.0B | $1.0B | $1.1B |
| Total current assets | $2.6B | $3.2B | $3.2B | $4.2B | $4.8B | $6.1B | $5.2B | $4.4B | $6.2B | $8.4B |
| Property, plant and equipment | $8.8B | $9.1B | $9.4B | $9.4B | $9.5B | $9.5B | $9.6B | $9.8B | $9.9B | $10.3B |
| Goodwill | $42M | $42M | $42M | $42M | $42M | $42M | $42M | $42M | $42M | $42M |
| Total assets | $13.2B | $13.8B | $14.3B | $16.4B | $16.9B | $18.3B | $17.3B | $16.7B | $18.7B | $21.4B |
| Total current liabilities | $999M | $1.2B | $1.2B | $1.5B | $1.4B | $2.2B | $1.2B | $1.4B | $2.2B | $2.1B |
| Long-term debt | $6.0B | $6.0B | $6.0B | $6.5B | $6.5B | $6.2B | $6.3B | $6.3B | $5.8B | $6.8B |
| Total liabilities | $7.4B | $7.6B | $7.7B | $9.5B | $9.7B | $10.1B | $9.1B | $9.2B | $9.5B | $10.3B |
| Shareholders' equity | $5.8B | $6.1B | $6.6B | $6.8B | $7.2B | $8.1B | $8.1B | $7.4B | $9.2B | $11.0B |
| Net debt | $5.4B | $5.0B | $5.1B | $5.0B | $4.4B | $3.5B | $4.2B | $5.1B | $3.0B | $2.4B |
Cash flow
Fiscal years, from Southern Copper's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $923M | $2.0B | $2.2B | $1.9B | $2.8B | $4.3B | $2.8B | $3.6B | $4.4B | $4.8B |
| Capital spending | $1.1B | $1.0B | $1.1B | $708M | $592M | $892M | $948M | $1.0B | $1.0B | $1.3B |
| Free cash flow | -$195M | $953M | $1.1B | $1.2B | $2.2B | $3.4B | $1.9B | $2.6B | $3.4B | $3.4B |
| Dividends paid | $139M | $456M | $1.1B | $1.2B | $1.2B | $2.5B | $2.7B | $3.1B | $1.6B | $2.5B |
| Share buybacks (net) | -$72M | — | — | — | — | — | — | — | — | — |
| Net borrowing | — | — | — | $987M | -$400M | — | -$300M | — | — | $494M |
| Free cash flow margin | -3.6% | 14.3% | 15.7% | 16.5% | 27.4% | 31.1% | 18.5% | 25.9% | 29.7% | 25.5% |
| Dividends per share | $0.18 | $0.59 | $1.40 | $1.60 | $1.50 | $3.20 | $3.50 | $3.89 | $2.04 | $3.01 |
Questions
What was Southern Copper's revenue in 2025?
$13.4B in fiscal 2025, from its 10-K filing.
How much free cash flow does Southern Copper generate?
$3.4B in fiscal 2025 (operating cash flow minus capital spending).
From Southern Copper's annual reports filed with the SEC (XBRL data), standardised by Investingly. Information only, not investment advice.