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Stock research / United States / HL · Mining & Quarrying Of Nonmetallic Minerals (No Fuels) · NYSE

Hecla Mining Co. (HL)

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Hecla Mining Co. (HL) reported revenue of $334 million for Q2 FY2026, the quarter ended 30 June 2026, up 9.8% on the same quarter a year earlier. Net income was $118 million, up 104.3% on the year, and diluted earnings per share $0.17. The figures are the company's own, from the 10-Q it filed with the SEC on 4 August 2026.

Revenue$334 millionup 9.8%
Net income$118 millionup 104.3%
Diluted EPS$0.17
QuarterQ2 FY2026ended 30 June 2026

Hecla Mining (HL) in brief

Hecla Mining (HL) reported revenue of $1.4 billion for fiscal 2025, the year ended 31 December 2025, up 53.0% on the year before.
Read moreNet income was $322 million and diluted earnings per share $0.49. Revenue was $930 million in fiscal 2024, $720 million in fiscal 2023, $719 million in fiscal 2022 and $807 million in fiscal 2021. Net income in the same years was $36 million, a loss of $84 million, a loss of $37 million and $35 million. Over the twelve months to 30 June 2026, Hecla Mining reported revenue of $1.6 billion and net income of $334 million. Revenue grew 15.5% a year, compounded, over the five years to fiscal 2025. Hecla Mining declared $0.01 a share in dividends over the last four quarters and had 672 million shares outstanding at the latest filed count. At 30 June 2026 it carried $8 million of debt and $483 million of cash. At the close of 8 October 2026 the market cap of Hecla Mining was $11.2 billion, 34.1 times its earnings over the last twelve months.

Ratios

From the filings

ROE12.5%
ROCE27.5%
Operating margin46.0%
Net margin20.8%
FCF margin32.2%
Interest covern/a
Debt to equity0.00
Cash conversion2.20
Share count, 1 year0.3%
Sales CAGR, 3 years25.6%
Profit CAGR, 3 yearsn/a
EPS, TTM$0.49

At the close of 8 October 2026

Price$16.73
Market cap$11.2 billion
Stock P/E34.14
Price to book4.20
EV / EBITDA11.99
Dividend yield0.1%
Market cap / sales7.01
52-week high$31.81
52-week low$11.97
Price, 1 year25.4%
Price CAGR, 3 years63.9%
Price CAGR, 5 years24.9%
Worked from the filed figures; hover a name for the formula.
Read moreThe priced ones use the latest daily close from SimFin. Debt to equity here stands on the borrowings Hecla Mining Co. reports under its own heading, which is the only one it files; lease liabilities are separate lines. Nothing here is a valuation or a view.
HLgreeksoup.ai
Daily closes to 8 October 2026, adjusted for splits; prices from SimFin.
Read moreDay by day for the last three years; before that one point a week, carrying the week's last close and its average daily volume, so a volume bar means the same thing across the whole series; the bars sit under the price on their own scale, on the right. The moving averages need consecutive days and are drawn from the daily part. P/E is the close over the trailing four quarters' EPS as filed at each filing date, on the current share count; the dashed line is the median over the range shown. Sales and margin are quarterly revenue and the operating margin from the tables above. EV/EBITDA, price to book and market cap to sales use the latest filed balance sheet and share count at each date. Before the quarters on file begin, P/E, price to book and market cap to sales stand on each annual report from the day it was filed. Drawn in your browser; the range and overlay you pick are remembered here only.

The public record on HL

Filings24 in twelve months: 15 current reports (8-K), about 7 other events; 5 results of operations; 3 officer or director change; 2 material agreement; 2 termination of a material agreement
Planned insider sales8 Form 144 notices in twelve months, $90.5 million; latest 20 August 2026
Options tapeput/call 0.51 by open interest at the 8 October 2026 close; the straddle prices a 5.8% move to 16 October 2026
13F holders9 of the followed funds hold it; largest Geode Capital Management; 8 Schedule 13D or 13G filings in twelve months
Insider trading8 sales and 0 purchases on Form 4 in twelve months
Congress0 House trades disclosed in six months
Short interest36.0 million shares short, 1.28 days to cover at 15 September 2026
Documentsthe 10-K, the 10-Qs, the proxy and 5 earnings press releases, each linked

Quarterly results, the last 12 quarters

Q3 FY2023Q4 FY2023 *Q1 FY2024Q2 FY2024Q3 FY2024Q4 FY2024 *Q1 FY2025 †Q2 FY2025 †Q3 FY2025Q4 FY2025 *Q1 FY2026Q2 FY2026
Revenue182161190246245250261304410448411334
Cost of revenue148154170194186181187185229200158n/a
Gross profit33.56.919.251.459.368.374.0120180248253180
Gross margin18%4%10%21%24%27%28%39%44%55%62%54%
Operating income-12.6-42.45.140.622.538.152.493.8149220223146
Operating margin-7%-26%3%17%9%15%20%31%36%49%54%44%
Interest expense10.712.112.612.510.9-85.911.410.913.4-77.65.72.4
Pre-tax income-23.9-48.6-3.937.013.220.045.090.3156188216137
Tax raten/an/an/a25%87%40%36%36%35%29%24%14%
Net income-22.4-42.9-5.827.91.811.928.957.7101134-19.0118
Net margin-12%-27%-3%11%1%5%11%19%25%30%-5%35%
Diluted EPS-$0.04-$0.07-$0.01$0.04$0.00$0.02$0.05$0.09$0.15$0.20-$0.03$0.17
Operating cash flow10.20.917.178.755.067.535.7162148217194175
Capital expenditure55.462.647.650.455.760.854.158.057.982.339.339.1
Free cash flow-45.1-61.7-30.528.3-0.76.7-18.410490.1135155136
Buybacks0.00.01.20.00.00.00.00.90.00.01.23.4
Dividends paid3.94.04.04.08.78.62.52.52.72.72.82.5
Shares outstanding618m625m626m630m637m632m633m670m670m670m671m672m
Filing10-Q10-K10-Q10-Q10-Q10-K10-Q10-Q10-Q10-K10-Q10-Q
Each quarter as filed, linked to its filing.
Read more* The fourth quarter is the full year less the first three quarters, because the company files the year and not the quarter on its own. A fourth quarter's EPS and diluted share count are from the company's results press release for that quarter, used where the release gives the same revenue and net income as the table. A quarter marked † is shown as the company last restated it in a later filing, so it compares with the quarters around it on one basis; rest on a figure for the one first filed. EPS is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and the share count are as they are. Free cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Cash flow lines filed year to date are the difference between two filings. Shares outstanding are at the period end where the balance sheet tags them, otherwise the count on the filing's cover page. A derived fourth-quarter EPS is left blank when a split in the year makes the arithmetic meaningless.

Income statement (profit and loss), 12 fiscal years and the trailing twelve months

FY2014FY2015 †FY2016 †FY2017 †FY2018FY2019 †FY2020 †FY2021 †FY2022 †FY2023 †FY2024FY2025TTM
Revenue5014446465785676736928077197209301,4231,603
Cost of revenue416405462425488639531590603607732801n/a
Gross profit85.238.518415279.133.8161218116113198622862
Gross margin17.0%8.7%28.5%26.4%13.9%5.0%23.3%27.0%16.2%15.7%21.3%43.7%53.8%
Research and developmentn/an/a0.23.35.40.50.0n/an/an/an/an/an/a
Operating income21.6-35.610960.1-39.1-46.767.083.4-12.4-44.7106515737
Operating margin4.3%-8.0%16.9%10.4%-6.9%-6.9%9.7%10.3%-1.7%-6.2%11.4%36.2%46.0%
Interest expense26.825.421.838.040.948.449.641.9-42.8-43.3-49.8-41.6-56.2
Pre-tax income12.6-30.789.7-7.6-29.2-113-1.35.5-44.9-83.066.2479696
Income tax-5.256.328.121.0-6.7-18.3-8.2-29.6-7.61.230.4157178
Effective tax rate-41.6%n/a31.3%n/an/an/an/a-535.1%n/an/a45.9%32.9%25.6%
Net income17.8-87.061.6-28.5-26.6-94.9-9.535.1-37.3-84.235.8322334
Net margin3.6%-19.6%9.5%-4.9%-4.7%-14.1%-1.4%4.3%-5.2%-11.7%3.8%22.6%20.8%
Diluted EPS$0.05-$0.23$0.16-$0.07-$0.06-$0.19-$0.03$0.06$0.07-$0.14$0.06$0.49$0.49
Filing10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K
From each year's 10-K, linked; TTM is the last four quarters.
Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are. † The year as the company last restated it in a later filing; rest on a figure for the one first filed. EPS is as filed.

Cash flow and capital returned

FY2014FY2015 †FY2016 †FY2017 †FY2018FY2019 †FY2020 †FY2021 †FY2022 †FY2023 †FY2024FY2025TTM
Operating cash flow83.110622511694.212118122089.975.5218563734
Capital expenditure12313716598.013712191.0109149224214252219
Free cash flow-39.4-31.060.517.8-42.7-0.689.8111-59.5-1483.8310516
Free cash flow margin-7.9%-7.0%9.4%3.1%-7.5%-0.1%13.0%13.8%-8.3%-20.6%0.4%21.8%32.2%
Cash from investing-118-139-197-96.6-237-12092.9-107-187-231-213-270-4.3
Cash from financing36.5-17.1-12.0-5.2-14.933.2-19.4-32.6-7.5156-83.8-78.0-543
Depreciation and amortisation112113125126141196155173145164190166160
Share-based compensation5.05.46.26.36.35.76.56.16.06.68.710.910.7
Buybacks3.71.94.42.92.72.22.74.53.72.01.20.94.5
Dividends paid3.53.73.94.04.44.98.620.712.915.725.310.410.7
Dividend per share$0.01$0.01n/an/a$0.01$0.01$0.01$0.04$0.04$0.04$0.01$0.01n/a
Diluted shares, weighted357m374m389m397m433m490m527m542m557m606m623m656m676m
Shares outstanding at period end367m378m395m399m483m523m532mn/an/an/an/an/a672m
Filing10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K
Cash paid in the year, from the cash flow statement.
Read moreThe dividend per share is as declared. Diluted shares are the weighted average for the year; a falling count is the buybacks net of issuance. TTM sums the last four quarters; the share counts are the latest quarter's.

Balance sheet at year end

FY2014FY2015 †FY2016 †FY2017 †FY2018FY2019 †FY2020 †FY2021 †FY2022 †FY2023 †FY2024FY2025TTM
Funded by
Shareholders' equity1,3971,3291,4621,4611,6911,6971,7141,7611,9791,9682,0402,5922,678
Debt4985005015025335055075165186535092697.6
Operating lease liabilitiesn/an/an/an/a0.010.87.610.08.67.87.18.2n/a
Finance lease liabilitiesn/an/an/an/a7.97.29.37.811.417.013.76.7n/a
Other liabilities367392393382472441462434410365412685500
Total liabilities and equity2,2622,2222,3562,3452,7042,6612,7002,7292,9273,0112,9813,5613,185
Owned
Fixed assets1,8321,8972,0331,9992,5202,4472,3782,3112,5702,6662,6942,8412,137
Investments4.91.534.141.46.66.215.110.824.033.733.9107154
Cash and equivalents21015517018627.462.513021010510626.9242483
Receivables17.713.520.114.84.212.027.936.445.119.431.5170127
Inventoryn/an/an/an/an/a30.157.6n/a37.328.835.038.136.8
Other assets19815599.110414610391.7161146157160162246
Total assets2,2622,2222,3562,3452,7042,6612,7002,7292,9273,0112,9813,5613,185
Filing10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K
At the fiscal year end; the TTM column is the latest quarter end.
Read moreBoth totals are the company's own. Other liabilities is the filed total less the rows above it: payables, deferred revenue, taxes, borrowings the rows above do not carry and the rest; other assets is the same on the other side. Investments add the current and non-current lines as filed. Debt is the company's own stated total where it files one, otherwise its long-term debt with the current maturities, never parts added together. A row is left blank in a year where the lines shown overlap and the remainder would fall below nil.

Compounded growth

10 years5 years3 yearsTTM
Sales growth, compounded12.4%15.5%25.6%51.2%
Profit growth, compoundedn/an/an/a233.1%
Return on equity, average0.5%2.0%3.3%12.4%
Yearly growth, compounded; TTM is the last four quarters against the four before.
Read moreReturn on equity is net income over shareholders' equity at each year end, averaged over the window (the TTM column is the latest year alone); equity is the parent's shareholders' equity as tagged in the 10-K. Arithmetic on filed numbers, nothing forecast.

Peers: Non-Metallic and Industrial Metal Mining

CompanyMarket capP/EROEOp. marginSales growth
TTM
Debt to equityDiv. yield
BHP Group Limited BHP *$215.5 billion21.9519.3%40.6%14.6%0.463.1%
Rio Tinto plc RIO *$151.9 billion15.3416.0%25.9%7.4%0.354.0%
Freeport-Mcmoran Inc. FCX$102.2 billion35.0414.6%26.8%0.2%0.470.8%
Vale S.A. VALE *$57.3 billionn/a7.0%15.4%0.9%0.546.2%
Vulcan Materials Co. VMC$31.9 billion29.0713.2%20.2%6.9%0.520.8%
Martin Marietta Materials Inc. MLM$28.9 billion11.8421.3%n/a14.8%0.520.7%
Hecla Mining Co. HL$11.2 billion34.1412.5%46.0%51.2%0.000.1%
MP Materials Corp. MP$8.2 billionn/a-3.1%-41.5%26.1%0.48n/a
Cleveland-Cliffs Inc. CLF$7.0 billionn/a-15.6%-4.2%4.0%1.370.5%
Knife River Corp. KNF$3.0 billion21.338.7%8.3%12.1%1.01n/a
3 companies share its SEC industry code (Mining & Quarrying Of Nonmetallic Minerals (No Fuels)); the rest are the names nearest in size in its wider industry, Non-Metallic and Industrial Metal Mining, one of the Fama-French 48 industries, a published grouping of SEC industry codes.
Read moreBy market capitalisation; a click on a heading sorts by it, largest first, and a second click turns it round. Each figure is the same arithmetic as the ratio box above, on each company's own filings and latest close; a name marked * is a foreign company that files once a year, on its latest fiscal year.

Filings

FilingPeriodFiledWhere
10-Q30 June 20264 August 2026EDGAR
10-Q31 March 20265 May 2026EDGAR
10-K31 December 202517 February 2026EDGAR
10-Q30 September 20255 November 2025EDGAR
10-Q30 June 20256 August 2025EDGAR
10-Q31 March 20251 May 2025EDGAR
10-K31 December 202413 February 2025EDGAR
10-Q30 September 20247 November 2024EDGAR
10-Q30 June 20247 August 2024EDGAR
10-Q31 March 20249 May 2024EDGAR

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