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Ero Copper Valuation Multiples
Discover revenue and EBITDA valuation multiples for Ero Copper and similar public comparables like Constellium, Salzgitter, Emerald Resources, Nickel Industries and more.
Ero Copper Overview
About Ero Copper
Ero Copper Corp is a base metals mining company. It is predominantly focused on the production and sale of copper with gold and silver produced and sold as by-products. Ero's operations are segmented between its mines in Brazil, the Caraiba Operations and the Xavantina Operations, its development project, the Tucuma Project in Brazil and corporate. Majority of its revenue is generated from its Caraiba Operations segment which consists of mining operations and processing facilities including the Pilar and Vermelhos underground mines and the Surubim open pit mine.
Founded
2016
HQ
Employees
3.7K
Website
Sectors
Financials (LTM)
EV
$4B
Ero Copper Financials
Ero Copper reported last 12-month revenue of $894M and EBITDA of $488M.
In the same LTM period, Ero Copper generated $499M in gross profit, $488M in EBITDA, and $306M in net income.
Revenue (LTM)
Ero Copper P&L
In the most recent fiscal year, Ero Copper reported revenue of $786M and EBITDA of $462M.
Ero Copper expects next 12-month revenue of XXX and NTM EBITDA of XXX
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue | $894M | XXX | $786M | XXX | XXX | XXX |
| Gross Profit | $499M | XXX | $345M | XXX | XXX | XXX |
| Gross Margin | 56% | XXX | 44% | XXX | XXX | XXX |
| EBITDA | $488M | XXX | $462M | XXX | XXX | XXX |
| EBITDA Margin | 55% | XXX | 59% | XXX | XXX | XXX |
| EBIT Margin | 40% | XXX | 35% | XXX | XXX | XXX |
| Net Profit | $306M | XXX | $264M | XXX | XXX | XXX |
| Net Margin | 34% | XXX | 34% | XXX | XXX | XXX |
| Net Debt | — | — | $502M | XXX | XXX | XXX |
Financial data powered by Morningstar, Inc.
Ero Copper Stock Performance
Ero Copper has current market cap of $3B, and enterprise value of $4B.
Market Cap Evolution
Ero Copper's stock price is $33.37.
| EV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
|---|---|---|---|---|---|---|
| $4B | $3B | 0.0% | XXX | XXX | XXX | $2.54 |
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Start Free TrialEro Copper Valuation Multiples
Ero Copper trades at 4.5x EV/Revenue multiple, and 8.3x EV/EBITDA.
EV / Revenue (LTM)
Ero Copper Financial Valuation Multiples
As of March 24, 2026, Ero Copper has market cap of $3B and EV of $4B.
Equity research analysts estimate Ero Copper's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
Ero Copper has a P/E ratio of 11.3x.
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Market cap (current) | $3B | XXX | $3B | XXX | XXX | XXX |
| EV (current) | $4B | XXX | $4B | XXX | XXX | XXX |
| EV/Revenue | 4.5x | XXX | 5.1x | XXX | XXX | XXX |
| EV/EBITDA | 8.3x | XXX | 8.7x | XXX | XXX | XXX |
| EV/EBIT | 11.3x | XXX | 14.8x | XXX | XXX | XXX |
| EV/Gross Profit | 8.1x | XXX | 11.7x | XXX | XXX | XXX |
| P/E | 11.3x | XXX | 13.1x | XXX | XXX | XXX |
| EV/FCF | 26.9x | XXX | 35.8x | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Verified Ero Copper Valuation Multiples
Access all public comps and forward-looking valuation multiples like EV/Revenue in 2027, based on consensus analyst estimates. Powered by FactSet and Morningstar.
Ero Copper Margins & Growth Rates
Ero Copper's revenue in the last 12 month grew by 41%.
Ero Copper's revenue per employee in the last FY averaged $0.2M.
Ero Copper's rule of 40 is 96% (metric relevant for SaaS companies only, counted as combined revenue growth rate and EBITDA margin).
Ero Copper's rule of X is 158% (created by Bessemer, rule of X is another metric to measure SaaS companies, ~1.5x stronger vs. the traditional Rule of 40, counted as revenue growth rate multiplied by 2.5 plus EBITDA margin).
Ero Copper Operational Valuation Multiples
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue Growth | 41% | XXX | 60% | XXX | XXX | XXX |
| EBITDA Margin | 55% | XXX | 59% | XXX | XXX | XXX |
| EBITDA Growth | 56% | XXX | 63% | XXX | XXX | XXX |
| Rule of 40 | — | XXX | 96% | XXX | XXX | XXX |
| Bessemer Rule of X | — | XXX | 158% | XXX | XXX | XXX |
| Revenue per Employee | — | XXX | $0.2M | XXX | XXX | XXX |
| G&A Expenses to Revenue | 6% | XXX | 9% | XXX | XXX | XXX |
| Opex to Revenue | — | XXX | 10% | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Ero Copper Public Comps
See public comps and valuation multiples for other Metals & Mining comps.
| EV/Revenue | EV/EBITDA | |||||
|---|---|---|---|---|---|---|
| LTM | 2026E | 2027E | LTM | 2026E | 2027E | |
| Constellium | XXX | XXX | XXX | XXX | XXX | XXX |
| Salzgitter | XXX | XXX | XXX | XXX | XXX | XXX |
| Emerald Resources | XXX | XXX | XXX | XXX | XXX | XXX |
| Nickel Industries | XXX | XXX | XXX | XXX | XXX | XXX |
| Outokumpu | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc.
Ero Copper M&A Activity
Ero Copper acquired XXX companies to date.
Last acquisition by Ero Copper was on XXXXXXXX, XXXXX. Ero Copper acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Acquisitions by Ero Copper
| Acquired Company | Valuation | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
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Start Free TrialEro Copper Investment Activity
Ero Copper invested in XXX companies to date.
Ero Copper made its latest investment on XXXXXXXX, XXXXX. Ero Copper invested in XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Investments by Ero Copper
| Company | Valuation | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
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Start Free TrialAbout Ero Copper
| When was Ero Copper founded? | Ero Copper was founded in 2016. |
| Where is Ero Copper headquartered? | Ero Copper is headquartered in Canada. |
| How many employees does Ero Copper have? | As of today, Ero Copper has over 3K employees. |
| Who is the CEO of Ero Copper? | Ero Copper's CEO is Makko DeFilippo. |
| Is Ero Copper publicly listed? | Yes, Ero Copper is a public company listed on NYSE. |
| What is the stock symbol of Ero Copper? | Ero Copper trades under ERO ticker. |
| When did Ero Copper go public? | Ero Copper went public in 2017. |
| Who are competitors of Ero Copper? | Ero Copper main competitors are Constellium, Salzgitter, Emerald Resources, Nickel Industries. |
| What is the current market cap of Ero Copper? | Ero Copper's current market cap is $3B. |
| What is the current revenue of Ero Copper? | Ero Copper's last 12 months revenue is $894M. |
| What is the current revenue growth of Ero Copper? | Ero Copper revenue growth (NTM/LTM) is 41%. |
| What is the current EV/Revenue multiple of Ero Copper? | Current revenue multiple of Ero Copper is 4.5x. |
| Is Ero Copper profitable? | Yes, Ero Copper is EBITDA-positive (as of the last 12 months). |
| What is the current EBITDA of Ero Copper? | Ero Copper's last 12 months EBITDA is $488M. |
| What is Ero Copper's EBITDA margin? | Ero Copper's last 12 months EBITDA margin is 55%. |
| What is the current EV/EBITDA multiple of Ero Copper? | Current EBITDA multiple of Ero Copper is 8.3x. |
| What is the current FCF of Ero Copper? | Ero Copper's last 12 months FCF is $150M. |
| What is Ero Copper's FCF margin? | Ero Copper's last 12 months FCF margin is 17%. |
| What is the current EV/FCF multiple of Ero Copper? | Current FCF multiple of Ero Copper is 26.9x. |
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