Hudbay Minerals Inc. (HBM) Financials

EPS

Hollow marker is the consensus estimate; filled is the reported figure, colored by beat or miss.

Revenue

Outlined bar is the consensus estimate; solid is reported.

Results

Periods without a consensus estimate or a reported figure show a dash.

Period	EPS estimate	EPS actual	EPS surprise %	Revenue estimate	Revenue actual	Revenue surprise %
Q1 26	$0.34	$0.4	+17.6%	—	$757.3M	—
Q4 25	$0.39	$0.22	-43.6%	—	$732.9M	—
Q3 25	$0.06	$0.03	-50.0%	—	$346.8M	—
Q2 25	$0.1	$0.19	+90.0%	—	$536.4M	—
Q1 25	$0.11	$0.24	+118.2%	—	$594.9M	—
Q4 24	$0.18	$0.18	0.0%	—	$584.9M	—
Q3 24	$0.05	$0.13	+160.0%	—	$485.8M	—
Q1 24	$0.04	$0.16	+300.0%	—	$525M	—
Q4 23	$0.12	$0.2	+66.7%	—	$602.2M	—
Q3 23	$0.1	$0.07	-30.0%	—	$480.5M	—
Q2 23	$0.05	-$0.07	-240.0%	—	$312.2M	—
Q4 22	$0.01	$0.01	0.0%	—	$321.2M	—
Q3 22	-$0.06	-$0.05	+16.7%	—	$346.2M	—
Q2 22	$0.12	$0.12	0.0%	—	$415.5M	—
Q1 22	$0.11	$0.02	-81.8%	—	$378.6M	—
Q4 21	$0.13	$0.13	0.0%	—	$425.2M	—

EPS

Reported per-share earnings by fiscal year; the line turns dotted where reported figures end and the analyst consensus begins, with the shaded band marking the low–high range.

Revenue

Reported revenue by fiscal year; the line turns dotted where reported figures end and the analyst consensus begins, with the shaded band marking the low–high range.

Results

Periods without a consensus estimate or a reported figure show a dash.

Period	EPS estimate	EPS actual	EPS surprise %	Revenue estimate	Revenue actual	Revenue surprise %
FY25	—	$1.44	—	—	$2.2B	—
FY24	—	$0.2	—	—	$2B	—
FY23	—	$0.21	—	—	$1.7B	—
FY22	—	$0.27	—	—	$1.5B

Total revenue

Reported revenue per period; the line is the change from the same period a year earlier, on its own left axis.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Revenue	$1.1B	$1.4B	$1.5B	$1.2B	$1.1B	$1.5B	$1.5B	$1.7B	$2B	$2.2B
YoY change	+27.4%	+24.2%	+4.99%	-16%	-11.7%	+37.5%	-2.7%	+15.6%	+19.6%	+9.39%

Revenue and profits

Revenue, gross profit, operating income, and net income per period.

Condensed income statement

Click a row to chart it; unreported figures show a dash.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Revenue	1.1B	1.4B	1.5B	1.2B	1.1B	1.5B	1.5B	1.7B	2B	2.2B
Cost of revenue	905.8M	993.2M	1.1B	1.1B	1.1B	1.4B	1.2B	1.3B	1.5B	1.5B
Gross profit	222.9M	409.1M	373.7M	151.5M	39M	131M	276.9M	392.6M	553.8M	743.2M
Gross margin	19.7%	29.2%	25.4%	12.2%	3.57%	8.72%	18.9%	23.2%	27.4%	33.6%
Research & development	—	—	—	—	—	—	—	—	—	—
Selling, general & administrative	37.8M	42.3M	27.2M	36.2M	41.4M	43M	34M	39.2M	57M	93.2M
Operating expenses	53.1M	62.1M	65.5M	66.9M	62.1M	82.6M	-49.8M	67.5M	121.2M	166.9M
Operating income	159.7M	337.4M	298.8M	74.3M	-34.3M	38.9M	308.8M	294.9M	418M	561.6M
Operating margin	14.1%	24.1%	20.3%	6%	-3.14%	2.59%	21.1%	17.5%	20.7%	25.4%
Non-operating income, net	108K	-7.6M	6.2M	-380.8M	16.3M	-88.3M	-109.2M	-34.3M	-65.9M	430.2M
Pretax income	5.6M	172.9M	170.8M	-452.8M	-179.1M	-202.8M	95.8M	151.8M	251.6M	912M
Income tax	40.8M	33.2M	85.4M	-109M	-34.5M	41.6M	25.4M	82.3M	183.8M	347.7M
Net income	-35.2M	139.7M	85.4M	-343.8M	-144.6M	-244.4M	70.4M	69.5M	67.8M	564.3M
Net margin	-3.12%	9.96%	5.8%	-27.8%	-13.2%	-16.3%	4.82%	4.11%	3.35%	25.5%
EBITDA	449M	557.1M	567.1M	339.1M	244M	300.7M	599M	654.2M	835.5M	1B
EPS	-0.15	0.67	0.33	-1.32	-0.55	-0.93	0.27	0.21	0.2	1.44
Diluted EPS	-0.15	0.67	0.33	-1.32	-0.55	-0.93	0.27	0.21	0.2	1.44

Revenue and profits

Revenue, gross profit, operating income, and net income per period.

Condensed income statement

Click a row to chart it; unreported figures show a dash.

Period	Q3 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26
Revenue	480.5M	602.2M	525M	425.5M	485.8M	584.9M	594.9M	536.4M	346.8M	732.9M	757.3M	631.3M
Cost of revenue	374.1M	405.4M	373M	347.9M	346M	400.5M	363.6M	359.9M	281.5M	462.8M	389.3M	362.3M
Gross profit	106.4M	196.8M	152M	77.6M	139.8M	184.4M	231.3M	176.5M	65.3M	270.1M	368M	269M
Gross margin	22.1%	32.7%	28.9%	18.2%	28.8%	31.5%	38.9%	32.9%	18.8%	36.9%	48.6%	42.6%
Research & development	—	—	—	—	—	—	—	—	—	—	—	—
Selling, general & administrative	10.1M	11.4M	16.6M	18M	12M	11.2M	13.3M	20.7M	31.1M	28.5M	33.5M	19.4M
Operating expenses	-14.9M	59.5M	27.3M	24.2M	29.3M	32.1M	45.3M	21.8M	51.1M	49.1M	61.3M	60.3M
Operating income	114.9M	125.9M	118.8M	44.8M	104.6M	149.7M	182.2M	151.8M	10.4M	217.2M	302.6M	204.5M
Operating margin	23.9%	20.9%	22.6%	10.5%	21.5%	25.6%	30.6%	28.3%	3%	29.6%	40%	32.4%
Non-operating income, net	-2.5M	-14.3M	-22.6M	-18.9M	-2.7M	-24.2M	9.1M	21.6M	339.4M	60.1M	51.8M	48.7M
Pretax income	84.1M	81M	67.8M	441K	79.7M	103.7M	171.3M	153.1M	330.5M	257.1M	339M	240.4M
Income tax	38.7M	47.5M	49.2M	20.8M	29.3M	84.4M	72.1M	38.4M	108.1M	129.1M	147.5M	102.3M
Net income	45.5M	33.5M	18.5M	-20.4M	50.4M	19.3M	99.2M	114.7M	222.4M	128M	191.5M	138.1M
Net margin	9.47%	5.57%	3.53%	-4.79%	10.4%	3.3%	16.7%	21.4%	64.1%	17.5%	25.3%	21.9%
EBITDA	220.3M	240.2M	220.8M	140.5M	197.2M	278.8M	293.3M	251.4M	96.3M	371.6M	409.1M	301M
EPS	0.13	—	0.05	-0.05	0.13	—	0.25	0.3	0.56	—	0.48	0.34
Diluted EPS	0.13	—	0.05	-0.05	0.13	—	0.25	0.3	0.56	—	0.48	0.34

P/E

Annual history by fiscal year; click a table row below to chart a different metric.

Current values are trailing twelve months where available, otherwise the latest fiscal year; unreported figures show a dash.

Key stats

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Market cap	1.3B	2.1B	1.2B	1.1B	1.8B	1.9B	1.3B	—	—	7.9B	11.4B
Enterprise value	2.4B	2.9B	1.8B	1.8B	2.6B	2.9B	2.3B	—	—	8.3B	12.2B
Shares outstanding	235.8M	243.5M	261.3M	261.3M	261.3M	261.5M	261.9M	310.8M	376.8M	395.5M	395.5M

Valuation

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
P/E	—	15.3	14.4	—	—	—	18.9	—	—	13.9	15.3
P/S	1.19	1.53	0.84	0.88	1.67	1.26	0.91	—	—	3.55	4.7
P/B	0.76	1.01	0.57	0.59	1.08	1.28	0.84	—	—	2.43	2.42
EV/EBITDA	5.44	5.12	3.13	5.18	10.6	9.59	3.92	—	—	8.24	10.7
EV/Sales	2.16	2.03	1.2	1.42	2.37	1.92	1.61	—	—	3.78	4.95
Earnings yield	—	6.52%	6.93%	—	—	—	5.3%	—	—	7.19%	6.55%
FCF yield	21%	13.5%	23.4%	4.76%	-6.65%	1.74%	13.5%	—	—	3.03%	3.94%
PEG	—	—	—	—	—	—	—	—	—	—	1.15

Profitability

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Gross margin	19.7%	29.2%	25.4%	12.2%	3.57%	8.72%	18.9%	23.2%	27.4%	33.6%	42.6%
Operating margin	14.1%	24.1%	20.3%	6%	-3.14%	2.59%	21.1%	17.5%	20.7%	25.4%	32.6%
Net margin	-3.12%	9.96%	5.8%	-27.8%	-13.2%	-16.3%	4.82%	4.11%	3.35%	25.5%	27.5%
ROE	-2%	6.61%	3.92%	-18.6%	-8.51%	-16.5%	4.48%	3.15%	2.56%	17.5%	16.7%
ROA	-0.78%	2.95%	1.82%	-7.71%	-3.1%	-5.29%	1.63%	1.31%	1.24%	9.07%	6.74%
ROIC	0%	9.67%	5.49%	2.95%	-1.39%	1.58%	8.75%	4.05%	3.47%	9.32%	8.1%
Return on tangible assets	-0.78%	2.96%	1.83%	-7.72%	-3.11%	-5.31%	1.63%	1.35%	1.27%	9.31%	8.6%

Financial health

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Current ratio	1.3	1.61	2.36	1.69	1.68	1.29	1.17	1.25	1.95	0.95	2.24
Quick ratio	0.96	1.26	2	1.34	1.36	0.98	0.82	0.87	1.58	0.78	1.93
Debt / equity	0.71	0.5	0.48	0.58	0.71	0.85	0.79	0.62	0.45	0.33	0.2
Debt / assets	0.28	0.23	0.23	0.24	0.26	0.27	0.29	0.26	0.22	0.17	0.11
Net debt / EBITDA	2.45	1.27	0.95	1.98	3.11	3.28	1.7	1.72	0.72	0.49	0.02
Interest coverage	1.04	3.19	3.47	-5.22	-1.17	-1.71	2.42	2.99	3.5	11.2	14.7
Effective tax rate	100%	19.2%	50%	0%	0%	0%	26.5%	54.2%	73.1%	38.1%	41.7%

Per share

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Revenue per share	4.79	5.76	5.64	4.74	4.18	5.74	5.58	5.44	5.36	5.59	6.22
EPS (basic)	-0.15	0.67	0.33	-1.32	-0.55	-0.93	0.27	0.21	0.2	1.44	1.44
EPS (diluted)	-0.15	0.67	0.33	-1.32	-0.55	-0.93	0.27	0.21	0.2	1.44	1.71
Book value per share	7.46	8.67	8.34	7.07	6.51	5.65	6	7.1	7.03	8.17	10.8
FCF per share	1.2	1.19	1.1	0.2	-0.47	0.13	0.68	0.63	0.84	0.6	0.7
Cash per share	0.62	1.46	1.97	1.52	1.68	1.04	0.86	0.81	1.54	1.44	2.01
Capex per share	0.82	1.03	0.73	0.99	1.38	1.35	1.16	0.9	0.92	—	—

Capital allocation

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Capex / revenue	17.1%	17.8%	13%	20.9%	33.1%	23.4%	20.9%	16.6%	17.2%	—	—
Capex / operating cash flow	38.5%	45.8%	34.7%	-1.1K%	146.9%	99.9%	70.3%	51.9%	50.3%	—	—
Payout ratio	-10.1%	2.64%	4.74%	-1.14%	-2.62%	-1.7%	5.75%	6.42%	8.11%	0.99%	1.26%
Dividend yield	0.27%	0.17%	0.33%	0.36%	0.21%	0.22%	0.3%	—	—	0.07%	0.05%

Yield

0.05%

trailing twelve months

Frequency

Semi-annual

Last dividend

$0.007

ex-dividend Sep 8, 2026

Payout ratio

of earnings

Dividend growth

0 years

consecutive annual raises

Dividend per share

Split-adjusted payout per share by ex-dividend date.

Recent payouts

Ex-dividend	Amount
Sep 8, 2026	$0.007
Jun 9, 2026	$0.007
Mar 10, 2026	$0.007
Mar 4, 2025	$0.0069
Sep 3, 2024	$0.0074
Mar 4, 2024	$0.0073
Aug 31, 2023	$0.0073
Mar 6, 2023	$0.0073

Period	Q3 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26
Revenue	$480.5M	$602.2M	$525M	$425.5M	$485.8M	$584.9M	$594.9M	$536.4M	$346.8M	$732.9M	$757.3M	$631.3M
YoY change	+38.8%	+87.5%	+77.8%	+36.3%	+1.11%	-2.87%	+13.3%	+26.1%	-28.6%	+25.3%	+27.3%	+17.7%

Assets vs. liabilities & equity

What the company owns (left stack) against what it owes plus shareholders' equity (right stack). The two stacks should match — that's the balance.

Condensed balance sheet

Click a row to chart it; unreported figures show a dash.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Cash & short-term investments	146.9M	356.5M	515.5M	396.1M	439.1M	271M	225.7M	250.5M	581.8M	568.9M
Receivables	97.9M	136.5M	102.1M	87.3M	107.8M	166.5M	84.1M	169.8M	179.1M	343.8M
Inventory	112.5M	141.7M	118.5M	138.8M	143.1M	158.5M	155M	207.3M	197.4M	199.2M
Total current assets	436.6M	665.5M	772.4M	663M	755.7M	656.7M	524.2M	673.2M	1B	1.2B
Property, plant & equipment	2.1B	2B	1.8B	1.6B	1.6B	1.5B	1.7B	1.7B	1.5B	1.7B
Goodwill & intangibles	13.2M	11.2M	8.3M	10.1M	10.8M	11.8M	9.5M	158.6M	149.4M	159.4M
Total assets	4.5B	4.7B	4.7B	4.5B	4.7B	4.6B	4.3B	5.3B	5.5B	6.2B
Accounts payable	80.5M	71.3M	61.4M	68.7M	104.6M	84.3M	83.8M	69.3M	66.7M	84.8M
Short-term debt	19.7M	18.3M	20.5M	32.8M	33.5M	33.5M	16.2M	28.9M	30.5M	498.8M
Total current liabilities	336.9M	414.2M	327.2M	391.8M	448.8M	509.2M	447.6M	537.3M	537.2M	1.2B
Long-term debt	1.2B	1B	1B	1B	1.2B	1.2B	1.2B	1.3B	1.2B	565.8M
Total liabilities	2.7B	2.6B	2.5B	2.6B	3B	3.1B	2.8B	3.1B	2.8B	3B
Shareholders' equity	1.8B	2.1B	2.2B	1.8B	1.7B	1.5B	1.6B	2.2B	2.6B	3.2B
Total debt	1.2B	1.1B	1.1B	1.1B	1.2B	1.3B	1.2B	1.4B	1.2B	1.1B
Net debt	1.1B	707.6M	539.8M	671.1M	760.1M	987.3M	1B	1.1B	640.5M	495.7M

Assets vs. liabilities & equity

What the company owns (left stack) against what it owes plus shareholders' equity (right stack). The two stacks should match — that's the balance.

Condensed balance sheet

Click a row to chart it; unreported figures show a dash.

Period	Q3 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26
Cash & short-term investments	246.5M	250.5M	285M	526M	483.3M	581.8M	582.6M	625.5M	611.1M	568.9M	1B	890.9M
Receivables	90.5M	169.8M	150.3M	151.2M	220.4M	179.1M	216.1M	209.7M	130.3M	343.8M	288.6M	163.1M
Inventory	237.9M	207.3M	202M	185.9M	196.6M	197.4M	181.6M	164.2M	211.7M	199.2M	175.8M	189.8M
Total current assets	631.2M	673.2M	700.5M	913.9M	940M	1B	1.1B	1B	994.3M	1.2B	1.6B	1.4B
Property, plant & equipment	1.7B	1.7B	1.6B	1.6B	1.6B	1.5B	1.5B	1.5B	1.8B	1.7B	1.7B	1.8B
Goodwill & intangibles	221.6M	158.6M	248.5M	246.2M	242M	149.4M	151.4M	160.6M	157M	159.4M	157.8M	155.8M
Total assets	5.3B	5.3B	5.2B	5.4B	5.5B	5.5B	5.5B	5.6B	5.9B	6.2B	6.9B	8.1B
Accounts payable	233.6M	69.3M	239M	226M	260.4M	66.7M	248.6M	259.9M	263.3M	84.8M	348M	318.3M
Short-term debt	42.9M	28.9M	31.9M	29.6M	26.6M	30.5M	33.7M	559.4M	540.9M	498.8M	501.2M	27M
Total current liabilities	502.8M	537.3M	499.6M	490.1M	505.7M	537.2M	454.5M	1B	1B	1.2B	1.1B	604.5M
Long-term debt	1.4B	1.3B	1.3B	1.2B	1.2B	1.2B	1.2B	577.3M	567.3M	565.8M	563.9M	886.2M
Total liabilities	3.1B	3.1B	3B	2.9B	2.9B	2.8B	2.8B	2.8B	2.8B	3B	2.9B	2.8B
Shareholders' equity	2.1B	2.2B	2.2B	2.6B	2.6B	2.6B	2.7B	2.9B	3.1B	3.2B	4B	5.3B
Total debt	1.5B	1.4B	1.4B	1.2B	1.2B	1.2B	1.2B	1.1B	1.1B	1.1B	1.1B	913.2M
Net debt	1.2B	1.1B	1.1B	757.9M	733.9M	640.5M	621.6M	511.2M	497.1M	495.7M	61.3M	22.3M

Cash generation and uses

Cash from operations, what's left after capex, and what went back to shareholders. Bars below the line are cash going out.

Condensed cash flow statement

Click a row to chart it; unreported figures show a dash.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Net income	-35.2M	139.7M	85.4M	-343.8M	-144.6M	-244.4M	70.4M	69.5M	67.8M	564.3M
Depreciation & amortization	299.1M	297.8M	333.1M	346.6M	363.6M	359.8M	339.1M	393.1M	428M	441.2M
Stock-based compensation	9.9M	15.9M	-2.4M	2.7M	15M	12.1M	2.1M	7.4M	19.3M	61.3M
Change in working capital	22.5M	-19.4M	-2.2M	1.4M	-34.9M	-92.9M	99M	-78.1M	-56.3M	-112.8M
Operating cash flow	501.4M	545.1M	549.6M	-23.5M	245.9M	352.6M	433.8M	539.7M	690.3M	707.3M
Capital expenditure	-192.8M	-249.8M	-190.9M	-259.2M	-361.2M	-352.2M	-304.9M	-280.2M	-347.1M	—
Investing cash flow	-147.3M	-235.2M	-208.9M	-300.5M	-361.2M	-377.6M	-340.5M	-279.8M	-352.3M	-22.9M
Dividends paid	-3.6M	-3.7M	-4M	-3.9M	-3.8M	-4.1M	-4M	-4.5M	-5.5M	-5.6M
Share repurchases	—	—	-69K	—	—	—	—	—	—	—
Financing cash flow	-109.6M	-40.1M	-45.6M	-63M	243.6M	-92.4M	-133.8M	-108.6M	73.7M	-159.1M
Net change in cash	244.6M	269.9M	295.1M	-387.1M	128.3M	-117.4M	-40.4M	151.3M	411.7M	525.3M
Free cash flow	282.3M	289.8M	288.7M	51.7M	-121.7M	32.9M	178.8M	195.8M	317.3M	237.8M

Cash generation and uses

Cash from operations, what's left after capex, and what went back to shareholders. Bars below the line are cash going out.

Condensed cash flow statement

Click a row to chart it; unreported figures show a dash.

Period	Q3 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26
Net income	45.5M	33.5M	18.5M	-20.4M	50.4M	19.3M	99.2M	114.7M	222.4M	128M	191.5M	138.1M
Depreciation & amortization	114.1M	122.2M	109.8M	98M	97.9M	122.3M	108.5M	96.8M	83M	152.9M	100.8M	89.3M
Stock-based compensation	2.2M	3.2M	5.9M	8.7M	3.4M	1.4M	4M	10.8M	20.1M	26.4M	24.2M	10.5M
Change in working capital	-30.1M	-34.5M	13.4M	6.9M	-60.7M	-15M	-7.5M	42.5M	56.8M	-204.6M	8.7M	120.1M
Operating cash flow	153.5M	244.4M	221.5M	148.6M	140.4M	219.5M	278M	259.9M	113.5M	209.4M	211.3M	297M
Capital expenditure	-69.2M	-80.8M	-62.4M	-89.5M	-98.3M	-96.9M	-91.3M	—	—	—	—	—
Investing cash flow	-71.8M	-84M	-61.4M	-132.1M	-100.9M	-98.2M	-88.7M	15.4M	4.7M	-45.6M	-35.2M	-8M
Dividends paid	-2.6M	0	-2.6M	0	-2.9M	-12K	-2.8M	0	-2.8M	0	-2.9M	-2.8M
Share repurchases	—	—	—	—	—	—	—	—	—	—	—	—
Financing cash flow	-16.8M	-116.1M	-48M	222.7M	-91.5M	-12.8M	-21.2M	-70.2M	-26.9M	-41.1M	389.9M	-224.8M
Net change in cash	64.9M	44.3M	112.2M	239.2M	-52M	108.6M	168.1M	205.1M	91.3M	122.7M	566M	64.2M
Free cash flow	82.7M	148M	77.3M	49M	47.9M	143.2M	31.8M	137.4M	2.9M	66M	70.7M	143.6M

Hudbay Minerals Inc. Financials

EPS

Revenue

Results

EPS

Revenue

Results

Total revenue

Total revenue

Revenue and profits

Condensed income statement

Revenue and profits

Condensed income statement

P/E

Key stats

Valuation

Profitability

Financial health

Per share

Capital allocation

Dividend per share

Recent payouts

Assets vs. liabilities & equity

Condensed balance sheet

Assets vs. liabilities & equity

Condensed balance sheet

Cash generation and uses

Condensed cash flow statement

Cash generation and uses

Condensed cash flow statement