Financials · HBM

Hudbay Minerals Inc. (HBM) financials

For fiscal 2025 (ended Dec 31, 2025), Hudbay Minerals Inc. reported $2.21B of revenue and $568.50M of net income.

Revenue, FY2025
$2.21B
Revenue growth, YoY
+9.4%
Net income, FY2025
$568.50M
Net income growth, YoY
+641.2%
Net margin
25.7%
Free cash flow, FY2025
$240.60M
EPS, diluted, FY2025
$1.44
EPS growth, YoY
+620.0%
Cash
$568.90M
Total debt
$536.50M
P/E
16.34
P/S
4.20
Market cap
$9.29B
Annual revenue$2.21B
FY2016FY2025
Annual net income$568.50M
FY2016FY2025
Annual free cash flow$240.60M
FY2016FY2025

HBM revenue and earnings growth

HBM revenueFY2025$2.21B

FY YoY
+9.4%
5Y CAGR
+15.1%

HBM revenue was $2.21B for fiscal 2025 (ended Dec 31, 2025), up 9.4% from fiscal 2024. Compound annual growth was +15.1% over 5 years. It rose in 6 of the last 9 fiscal years. Fiscal 2025 is the highest of the 10 fiscal years on file.

HBM net incomeFY2025$568.50M

FY YoY
+641.2%

HBM net income was $568.50M for fiscal 2025 (ended Dec 31, 2025), up 641.2% from fiscal 2024. It rose in 2 of the last 3 fiscal years. Fiscal 2025 is the highest of the 10 fiscal years on file.

HBM EPSFY2025$1.44

FY YoY
+620.0%

HBM diluted EPS was $1.44 for fiscal 2025 (ended Dec 31, 2025), up 620.0% from fiscal 2024.

HBM free cash flowFY2025$240.60M

FY YoY
-24.6%

HBM free cash flow was $240.60M for fiscal 2025 (ended Dec 31, 2025), down 24.6% from fiscal 2024. It rose in 3 of the last 4 fiscal years.

Income statement

Income statement
Line item
Dec 31, 2025
Dec 31, 2024
Dec 31, 2023
Dec 31, 2022
Dec 31, 2021
Dec 31, 2020
Dec 31, 2019
Dec 31, 2018
Dec 31, 2017
Dec 31, 2016
Revenue$2.21B$2.02B$1.72B$1.47B$1.50B$1.09B$1.26B$1.58B$1.47B$1.25B
Cost of revenue$1.47B$1.47B$1.30B$1.18B$1.37B$1.05B$1.09B$1.10B$988.61M$905.80M
Gross profit$743.20M$553.80M$392.50M$276.89M$131.02M$39.00M$151.54M$373.74M$373.94M$222.88M
Selling, general and admin$94.70M$57.00M$39.20M$33.99M$43.01M$41.41M$36.17M$27.24M$42.28M$37.77M
Operating income$916.50M$400.30M$297.10M$214.31M$18.27M-$37.19M-$288.77M$298.86M$317.31M$169.78M
Interest expense$60.70M$69.80M$76.20M$67.66M$74.75M$82.71M$68.38M$152.00M$103.03M$167.07M
Pre-tax income$912.00M$251.60M$151.80M$95.81M-$202.75M-$179.09M-$452.76M$170.84M$198.73M$5.61M
Income tax$347.70M$183.80M$82.30M$25.43M$41.61M-$34.51M-$108.95M$85.42M$34.83M$40.80M
Net income$568.50M$76.70M$66.40M$70.38M-$244.36M-$144.58M-$343.81M$85.42M$163.90M-$35.19M
EPS, basic$1.44$0.20$0.22$0.27-$0.93-----
EPS, diluted$1.44$0.20$0.22$0.27-$0.93-$0.55----
Diluted shares396.6M377.3M311.0M262.2M261.5M261.3M261.3M261.3M243.5M235.8M

Balance sheet

Balance sheet
Line item
Dec 31, 2025
Dec 31, 2024
Dec 31, 2023
Dec 31, 2022
Dec 31, 2021
Dec 31, 2020
Dec 31, 2019
Dec 31, 2018
Dec 31, 2017
Dec 31, 2016
Cash and equivalents$568.90M$541.80M$249.80M$225.70M$270.99M$439.13M$396.15M$515.50M$356.50M$146.86M
Receivables$377.80M$235.50M$203.40M$113.18M$204.08M$141.20M$105.99M$117.15M$155.52M$152.57M
Inventory$199.20M$197.40M$207.30M$155.01M$158.45M$143.10M$138.82M$118.47M$141.68M$112.46M
Current assets$1.16B$1.05B$673.20M$524.18M$656.73M$755.67M$663.03M$772.39M$665.54M$436.60M
Goodwill$72.60M$69.20M$75.30M$0------
Total assets$6.22B$5.49B$5.31B$4.33B$4.62B$4.67B$4.46B$4.69B$4.73B$4.46B
Current liabilities$1.23B$537.20M$537.40M$447.65M$509.22M$448.79M$391.75M$327.16M$414.15M$315.06M
Long-term debt$536.50M$1.11B$1.29B$1.18B$1.18B$1.14B$985.25M$981.03M$979.58M$1.22B
Total debt$536.50M$1.11B$1.29B$1.18B$1.18B$1.14B$985.25M$981.03M$979.58M$1.22B
Total liabilities$2.99B$2.84B$3.11B$2.75B$3.14B$2.97B$2.61B$2.51B$2.62B$2.69B
Shareholders' equity$3.23B$2.55B$2.21B$1.57B$1.48B$1.70B$1.85B$2.18B$2.11B$1.76B

Cash flow

Cash flow
Line item
Dec 31, 2025
Dec 31, 2024
Dec 31, 2023
Dec 31, 2022
Dec 31, 2021
Dec 31, 2020
Dec 31, 2019
Dec 31, 2018
Dec 31, 2017
Dec 31, 2016
Operating cash flow$707.30M$666.20M$476.90M$487.80M$385.07M$239.48M$310.86M$479.55M$539.58M$475.07M
Capital expenditures$466.70M$347.10M$281.10M$308.96M$352.18M$361.19M$259.20M$190.90M$249.76M$192.82M
Free cash flow$240.60M$319.10M$195.80M$178.84M$32.89M-$121.70M$51.65M$288.65M$289.81M$282.25M
Investing cash flow-$468.40M-$382.90M-$271.80M-$337.67M-$376.26M-$359.02M-$292.37M-$202.14M-$234.26M-$147.06M
Financing cash flow-$214.40M$10.20M-$182.40M-$196.30M-$175.90M$162.09M-$137.78M-$120.35M-$92.85M-$236.08M
Dividends paid$5.60M$5.50M$4.50M$4.05M$4.15M$3.78M$3.93M$4.04M$3.69M$3.57M
Stock-based compensation$61.30M$19.30M$7.40M$2.06M$12.14M$15.01M$2.71M-$2.37M$15.92M$9.89M
Depreciation and amortization$441.20M$428.00M$393.10M$339.06M$359.77M$363.60M$346.63M$333.14M$293.24M$299.13M

Key ratios

Key ratios
Line item
Dec 31, 2025
Dec 31, 2024
Dec 31, 2023
Dec 31, 2022
Dec 31, 2021
Dec 31, 2020
Dec 31, 2019
Dec 31, 2018
Dec 31, 2017
Dec 31, 2016
Revenue growth, YoY9.4%17.5%16.9%-2.0%37.5%-13.1%-20.5%7.7%17.8%-
Net income growth, YoY641.2%15.5%-5.7%-----47.9%--
EPS growth, YoY620.0%-9.1%-18.5%-------
Gross margin33.6%27.4%22.8%18.8%8.7%3.6%12.1%23.6%25.5%17.9%
Operating margin41.5%19.8%17.3%14.6%1.2%-3.4%-23.0%18.9%21.6%13.6%
Net margin25.7%3.8%3.9%4.8%-16.3%-13.2%-27.4%5.4%11.2%-2.8%
Free cash flow margin10.9%15.8%11.4%12.2%2.2%-11.1%4.1%18.3%19.7%22.6%
Return on equity17.6%3.0%3.0%4.5%-16.5%-8.5%-18.6%3.9%7.8%-2.0%
Return on assets9.1%1.4%1.2%1.6%-5.3%-3.1%-7.7%1.8%3.5%-0.8%
Current ratio0.951.951.251.171.291.681.692.361.611.39
Debt to equity0.170.430.580.750.800.670.530.450.460.69

Source: XBRL data Hudbay Minerals Inc. files with the SEC, latest filing dated Mar 27, 2026 (see filings on SEC EDGAR). Provided for information only, not investment advice. Check the filing before relying on a number.

Per-share figures are as filed. The filings show no stock split in these periods.

EPS growth is left out where the share count moved enough to suggest a split the filings do not show. Growth rates need a positive starting figure. CAGR is compound annual growth between fiscal years. The CSV holds every period on file, in full figures, from the same SEC filings.

Foreign private issuers file annual reports with the SEC, so there are no quarterly statements here.

HBM peers

CompanyRevenueGrowthNet incomeNet marginMarket cap
HBM$2.21B+9.4%$568.50M25.7%$9.29B
SCCO$17.11B+38.7%$6.36B37.2%$141.23B
RIO$57.64B+6.3%$9.97B17.3%$105.17B
FCX$25.89B+0.3%$2.94B11.4%$85.33B
VALE$38.40B+0.9%$2.35B6.1%$49.46B
BVN$1.73B+49.2%$782.14M45.2%$7.11B
CLF$20.07B+7.8%-$473.00M-2.4%$6.54B
AUGO$921.73M+55.1%-$79.34M-8.6%$6.52B
MP$305.38M+26.1%-$60.62M-19.9%$6.31B

HBM FAQ

9 questions
  • What is HBM revenue?
    Hudbay Minerals Inc. (HBM) reported $2.21B of revenue for fiscal 2025 (ended Dec 31, 2025). That is up 9.4% from the year before.
  • Is HBM profitable?
    Yes. Hudbay Minerals Inc. earned $568.50M in net income for fiscal 2025 (ended Dec 31, 2025), a net margin of 25.7%.
  • How much cash and debt does HBM have?
    Hudbay Minerals Inc. reported $568.90M in cash and cash equivalents and $536.50M of debt on its most recent balance sheet in SEC filings.
  • How fast is HBM revenue growing?
    Hudbay Minerals Inc.'s revenue changed +9.4% in fiscal 2025, to $2.21B. Its compound annual growth rate was +15.1% over 5 years.
  • What is HBM gross margin?
    Hudbay Minerals Inc.'s gross profit was $743.20M on $2.21B of revenue for fiscal 2025 (ended Dec 31, 2025), a gross margin of 33.6%.
  • What is HBM free cash flow?
    Hudbay Minerals Inc. generated $240.60M of free cash flow for fiscal 2025 (ended Dec 31, 2025), which is operating cash flow of $707.30M less capital expenditures.
  • What is HBM earnings per share?
    Diluted earnings per share were $1.44 for fiscal 2025 (ended Dec 31, 2025), from SEC filings, restated for any stock split those filings show.
  • When did HBM last report financial results?
    The latest statements here come from Hudbay Minerals Inc.'s 40-F filed on Mar 27, 2026, covering the period ended Dec 31, 2025.
  • Where does this HBM financial data come from?
    Quantisnow builds these statements from the structured XBRL data Hudbay Minerals Inc. files with the SEC. It is provided for information only and is not investment advice.