Filing Flows › Southern Copper (SCCO) › Q3 2026 › vs Q3 2025
Southern Copper (SCCO) Q3 2026 vs Q3 2025 (year over year)
Southern Copper's revenue rose $1.3B (+39%) from $3.4B in Q3 2025 to $4.7B in Q3 2026. The biggest changes: Copper +$1.0B (+41%); Molybdenum +$136M (+31%); Silver +$90.7M (+36%). Operating margin 59.9% against 52.4% (+7.6 pts).
Southern Copper, Q3 2026: revenue $4.7B (+39% year over year), operating margin 59.9%, net earnings $1.8B, operating cash flow $2.2B. The chart draws each line against Q3 2025, the increases inside each band.
Margins
| Q3 2026 | Q3 2025 | Change | |
|---|---|---|---|
| Operating margin | 59.9% | 52.4% | +7.6 pts |
| Net margin | 38.4% | 32.8% | +5.6 pts |
| Free cash flow margin | 36.4% | 35.8% | +0.5 pts |
Every line
| Line | Q3 2026 | Q3 2025 | Change | % |
|---|---|---|---|---|
| Copper | $3.5B | $2.4B | $1.0B | +41% |
| Molybdenum | $570M | $435M | $136M | +31% |
| Silver | $341M | $250M | $90.7M | +36% |
| Zinc | $170M | $126M | $43.7M | +35% |
| Other | $157M | $118M | $38.2M | +32% |
| Revenue | $4.7B | $3.4B | $1.3B | +39% |
| Operating profit | $2.8B | $1.8B | $1.0B | +59% |
| Costs & expenses | $1.9B | $1.6B | $273M | +17% |
| Pre-tax earnings | $2.8B | $1.7B | $1.1B | +62% |
| Other expense, net | $17.2M | $38.2M | −$21.0M | -55% |
| Cost of revenue | $1.6B | $1.4B | $242M | +18% |
| SG&A | $36.4M | $33.7M | $2.7M | +8% |
| Other operating costs | $246M | $218M | $28.0M | +13% |
| Net earnings | $1.8B | $1.1B | $694M | +63% |
| Minority interests | $5.2M | $3.3M | $1.9M | +58% |
| Income tax | $991M | $620M | $371M | +60% |
| Depreciation & amortization | $230M | $208M | $22.6M | +11% |
| Working capital & other | $192M | $244M | −$52.1M | -21% |
| Operating cash flow | $2.2B | $1.6B | $665M | +43% |
| Free cash flow (OCF − capex) | $1.7B | $1.2B | $498M | +41% |
| Capital expenditures | $516M | $349M | $167M | +48% |
Questions
How much did Southern Copper's revenue grow year over year in Q3 2026?
Southern Copper's revenue rose $1.3B (+39%) from $3.4B in Q3 2025 to $4.7B in Q3 2026.
What drove Southern Copper's revenue change in Q3 2026?
Copper +$1.0B (+41%); Molybdenum +$136M (+31%); Silver +$90.7M (+36%).