Southern CopperLIM:SCCO -2.56%83 Net Margin % is 37.09% as of Mar. 2026, which is 60% above its 10-year median of 23.13. GuruFocus rates LIM:SCCO with a GF Score™ of 83/100 and a GF Value™ of $122.94 (Significantly Overvalued). The stock has 1 warning sign investors should review. Among 843 Metals & Mining companies, Southern Copper ranks better than 88.14% on this metric.
Net margin is calculated as Net Income divided by its Revenue. Southern Copper's Net Income for the
three
months ended in Mar. 2026 was $1,577 Mil. Southern Copper's Revenue for the
three
months ended in Mar. 2026 was $4,251 Mil. Therefore, Southern Copper's net margin for the quarter that ended in Mar. 2026 was 37.09%.
The historical rank and industry rank for Southern Copper's Net Margin % or its related term are showing as below:
LIM:SCCO'
s Net Margin % Range Over the Past 10 Years
Min: 10.95 Med: 23.13 Max: 34.13
Current: 34.13
LIM:SCCO's Net Margin % is ranked better than 88.14% of 843
companies
in the Metals & Mining industry
Industry Median: 3.41
vs LIM:SCCO: 34.13
Southern Copper (LIM:SCCO) Net Margin % Explanation
Although Net Income and Earnings-per-Share (EPS) are the most widely used parameter in measuring a company's profitability and valuation, it is the least reliable. The reason is that reported earnings can be manipulated easily by adjusting any numbers such as Depreciation, Depletion and Amotorization and non-recurring items.
But the long term trend of the net margin is a good indicator of the competitiveness and health of the business.
Southern Copper Net Margin % Related Terms
Southern Copper Net Margin % Historical Data
* Premium members only.
The historical data trend for Southern Copper's Net Margin % can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
LIM:SCCO vs FCX, IE, COPRD: Net Margin % Comparison
For the Copper subindustry, Southern Copper's Net Margin %, along with its competitors' market caps and Net Margin % data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Southern Copper Net Margin % vs Metals & Mining Industry
For the Metals & Mining industry and Basic Materials sector, Southern Copper's Net Margin % distribution charts can be found below:
* The bar in red indicates where Southern Copper's Net Margin % falls into.
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Southern Copper (LIM:SCCO) has a Net Margin % of 37.09% as of Mar. 2026. Net margin is the ratio of total net income to net sales. View historical data on Southern Copper and its competitors. This is 60% above median its historical median of 23.13. Over the past decade, Southern Copper's Net Margin % has ranged from 10.95 to 34.13. According to the industry distribution chart, Southern Copper ranks #100 out of 843 companies in the Metals & Mining industry, placing it in the top 11.9%.
Is Southern Copper's Net Margin % too high?
Southern Copper's current Net Margin % of 37.09% is 60% above median its 10-year median of 23.13. Over the past 10 years, this metric has ranged from a low of 10.95 to a high of 34.13. The Metals & Mining industry median Net Margin % is 3.41. Southern Copper's value of 37.09% is 987.7% above this industry median. Based on the distribution chart, Southern Copper ranks #100 out of 843 companies in the Metals & Mining industry, which is in the top quartile — a strong position relative to peers. Overall, Southern Copper has a GF Score™ of 83/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Southern Copper's Net Margin % compare to FCX and IE?
According to the Metals & Mining industry distribution chart, Southern Copper ranks #100 out of 843 companies for Net Margin %. This places Southern Copper in the top 12% of its industry — outperforming the majority of peers. The industry median Net Margin % is 3.41. Southern Copper's value of 37.09% is 987.7% above this benchmark. Historically, Southern Copper's own Net Margin % has ranged from 10.95 to 34.13 over the past decade. While the company's 10-year median is 23.13 vs. the industry median of 3.41, Southern Copper has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Net Margin % for a Metals & Mining company?
The median Net Margin % among Metals & Mining companies is 3.41, based on 843 companies in the industry. Companies in the top quartile (top 25%) have a Net Margin % significantly above this median, while those in the bottom quartile fall well below. However, Net Margin % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Southern Copper's current Net Margin % of 37.09% is 987.7% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Net Margin % mean?
A high Net Margin % can signal that a stock is expensive relative to its fundamentals. Net margin is the ratio of total net income to net sales. View historical data on Southern Copper and its competitors. For the Metals & Mining industry, the median Net Margin % is 3.41 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Southern Copper's current Net Margin % is 37.09%, which is 60% above median its own 10-year median of 23.13. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Southern Copper stock overvalued right now?
Based on GuruFocus' analysis, Southern Copper (LIM:SCCO) is currently considered Significantly Overvalued. The stock's GF Value™ is $122.94, compared to a current price of $171.00 — trading 39.1% above its estimated fair value. The current Net Margin % is 37.09%, which is 60% above median its 10-year median of 23.13 and 987.7% above the Metals & Mining industry median of 3.41. Southern Copper's overall GF Score™ is 83/100 with 1 warning sign to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Net Margin % calculated?
Net Margin % is calculated from a company's financial statements. For Southern Copper (LIM:SCCO), the current Net Margin % is 37.09% as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is Southern Copper (LIM:SCCO) Overvalued in 2026?
Based on GuruFocus' analysis, Southern Copper stock appears to be overvalued.
The current stock price of $171.00 is trading 39.1% above its estimated GF Value™ of $122.94.
GuruFocus considers Southern Copper to be Significantly Overvalued.
Key valuation signals for LIM:SCCO:
Net Margin %: 37.09% (60% above median its 10-year median of 23.13)
GF Value™: $122.94 vs. price of $171.00 (39.1% above fair value)
Industry Position: 987.7% above the Metals & Mining median (#100 of 843)
No single metric tells the full story. See the LIM:SCCO stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Southern Copper Corp is an integrated producer of copper and other minerals and operates the mining, smelting, and refining facilities in Peru and Mexico. Its production includes copper, molybdenum, zinc, and silver. The company operates through the following segments: Peruvian operations, Mexican open-pit operations, and Mexican underground mining operations. It generates the majority of its revenue from the sale of copper and the rest from the sale of non-copper products, such as molybdenum, silver, zinc, lead, and gold. The company's geographical segments are The Americas, Europe, and Asia.
83GF Score
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