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How Southern Copper (SCCO) makes money
Southern Copper (SCCO) made $4.7B of revenue in the third quarter 2026 (Q3 2026), +39% from a year earlier. Copper brought in $3.5B (74%); Molybdenum brought in $570M (12%); Silver brought in $341M (7%). Of every dollar of revenue, 60¢ was left as operating profit, 38¢ was left as net earnings.
Drawing the Sankey…
Revenue by segment, Q3 2026
| Segment | Revenue | Share | Q/Q | Y/Y |
|---|---|---|---|---|
| Copper | $3.5B | 73.6% | +11% | +41% |
| Molybdenum | $570M | 12.1% | +20% | +31% |
| Silver | $341M | 7.3% | -9% | +36% |
| Zinc | $170M | 3.6% | +12% | +35% |
| Other | $157M | 3.3% | -7% | +32% |
Where each dollar of revenue goes
| Line | Q3 2026 | % of revenue |
|---|---|---|
| Revenue | $4.7B | 100.0% |
| Operating profit | $2.8B | 59.9% |
| Income tax | $991M | 21.1% |
| Net earnings | $1.8B | 38.4% |
| Operating cash flow | $2.2B | 47.4% |
| Free cash flow | $1.7B | 36.4% |
Revenue, quarter by quarter
| Quarter | Revenue | Y/Y |
|---|---|---|
| Q3 2026 | $4.7B | +39% |
| Q2 2026 | $4.3B | +41% |
| Q1 2026 | $4.3B | +36% |
| Q4 2025 | $3.9B | +39% |
| Q3 2025 | $3.4B | +15% |
| Q2 2025 | $3.1B | -2% |
| Q1 2025 | $3.1B | +20% |
From Southern Copper's 10-Q filed Oct 30, 2026 (on EDGAR).
Questions
How does Southern Copper make money?
Southern Copper (SCCO) made $4.7B of revenue in the third quarter 2026 (Q3 2026), +39% from a year earlier. Copper brought in $3.5B (74%); Molybdenum brought in $570M (12%); Silver brought in $341M (7%). Of every dollar of revenue, 60¢ was left as operating profit, 38¢ was left as net earnings.
What is Southern Copper's biggest business?
Copper: $3.5B in the third quarter 2026, 74% of revenue, +41% from a year earlier.
What is Southern Copper's profit margin?
Net earnings were $1.8B, 38.4% of revenue, in the third quarter 2026; the operating margin was 59.9%.
Updated Nov 8, 2026. Read automatically from SEC filings and public data; errors are possible. Not investment advice.