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Southern Copper vs MP Materials: SCCO and MP compared
Southern Copper is the larger company: $4.7B of revenue in its latest quarter (Q3 2026) against $148M for MP Materials (Q3 2026). MP Materials is growing faster (+176% against +39% a year earlier). Southern Copper is more profitable, with an operating margin of 59.9% against -14.9%.
Where the money goes: SCCO and MP
Southern Copper (SCCO) · Q3 2026
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 follows the revenue to costs, profit and cash.
MP Materials (MP) · Q3 2026
MP Materials, Q3 2026: revenue $148M (+176% year over year), operating margin -14.9%, net loss $20.7M, operating cash flow −$12.7M. The chart follows the revenue to costs, profit and cash.
| Southern Copper (SCCO) | MP Materials (MP) | |
|---|---|---|
| Latest quarter | Q3 2026 | Q3 2026 |
| Revenue | $4.7B | $148M |
| Revenue growth, Y/Y | +39% | +176% |
| Operating margin | 59.9% | -14.9% |
| Net earnings | $1.8B | −$20.7M |
| Net margin | 38.4% | -14.0% |
| Operating cash flow | $2.2B | −$12.7M |
| Free cash flow | $1.7B | — |
| Market value | $138.6B | $7.7B |
| P/E | 21.6× | — |
| Analysts’ mean target | $175.80 | $68.24 |
Where the revenue comes from
Southern Copper
- Copper: $3.5B (74%)
- Molybdenum: $570M (12%)
- Silver: $341M (7%)
- Zinc: $170M (4%)
Questions
Which is bigger, Southern Copper or MP Materials?
Southern Copper is the larger company: $4.7B of revenue in its latest quarter (Q3 2026) against $148M for MP Materials (Q3 2026).
Is Southern Copper or MP Materials growing faster?
MP Materials is growing faster (+176% against +39% a year earlier).
Which is more profitable, Southern Copper or MP Materials?
Southern Copper is more profitable, with an operating margin of 59.9% against -14.9%.
More: Southern Copper earnings · how Southern Copper makes money · MP Materials earnings · how MP Materials makes money
From the companies' latest 10-Q, 10-K or earnings release (10-Q filed Oct 30, 2026; 10-Q filed Nov 6, 2026). Fiscal quarters can end on different dates. Not investment advice.