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McEwen Inc. (MUX)

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McEwen Inc. (MUX) reported revenue of $59 million for Q2 FY2026, the quarter ended 30 June 2026, up 26.8% on the same quarter a year earlier. Net income was $10 million, up 216.0% on the year, and diluted earnings per share $0.14. The figures are the company's own, from the 10-Q it filed with the SEC on 5 August 2026.

Revenue$59 millionup 26.8%
Net income$10 millionup 216.0%
Diluted EPS$0.14
QuarterQ2 FY2026ended 30 June 2026

McEwen (MUX) in brief

McEwen (MUX) reported revenue of $198 million for fiscal 2025, the year ended 31 December 2025, up 13.2% on the year before.
Read moreNet income was $34 million and diluted earnings per share $0.59. Revenue was $174 million in fiscal 2024, $166 million in fiscal 2023, $110 million in fiscal 2022 and $137 million in fiscal 2021. Net income in the same years was a loss of $44 million, $55 million, a loss of $81 million and a loss of $57 million. Over the twelve months to 30 June 2026, McEwen reported revenue of $248 million and net income of $81 million. Revenue grew 13.5% a year, compounded, over the five years to fiscal 2025. McEwen had 61 million shares outstanding at the latest filed count. At 30 June 2026 it carried $127 million of debt and $79 million of cash. At the close of 29 October 2026 the market cap of McEwen was $923 million, 12.9 times its earnings over the last twelve months.

Ratios

From the filings

ROE11.4%
ROCE7.5%
Operating margin25.2%
Net margin32.5%
FCF marginn/a
Interest covern/a
Debt to equity0.18
Cash conversion0.83
Share count, last 12 months13.4%
Sales CAGR, 3 years21.4%
Profit CAGR, 3 yearsn/a
EPS, TTM$1.17

At the close of 29 October 2026

Price$15.05
Market cap$923 million
Stock P/E12.86
Price to book1.31
EV / EBITDA10.48
Dividend yieldn/a
Market cap / sales3.72
52-week high$29.05
52-week low$14.59
Price, 1 year-19.1%
Price CAGR, 3 years29.6%
Price CAGR, 5 years6.5%
Worked from the filed figures; hover a name for the formula.
Read moreThe priced ones use the latest price, the last regular-hours trade on IEX. Debt to equity here stands on long-term debt as McEwen Inc. files it, with lease liabilities counted separately and never inside it. Nothing here is a valuation or a view.
MUXgreeksoup.ai
Daily prices to 29 October 2026, adjusted for splits; from 28 September 2026 each day's price is the last regular-hours trade on IEX.
Read moreData provided for free by IEX. By accessing or using IEX Historical Data, you agree to the IEX Historical Data Terms of Use. Day 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 MUX

Dividends$0.01 a share in FY2017
Filings34 in twelve months: 21 current reports (8-K), about 11 regulation FD disclosure; 5 other events; 4 results of operations; 2 unregistered sale of equity; 1 officer or director change
Planned insider salesno Form 144 notice in twelve months
Options tapeput/call 0.32 by open interest at the 29 October 2026 close; the straddle prices a 14.8% move to 20 November 2026
13F holders170 funds reported a position for the quarter to 30 June 2026; largest BlackRock, Inc.
Insider trading2 sales and 1 purchase on Form 4 in twelve months
Congress0 House trades disclosed in six months
Short interest9.7 million shares short, 11.86 days to cover at 15 October 2026
Documentsthe 10-K, the 10-Qs, the proxy and 4 earnings press releases, each linked

Quarterly results, the last 20 quarters

Q3 FY2021Q4 FY2021Q1 FY2022Q2 FY2022 †Q3 FY2022 †Q4 FY2022Q1 FY2023Q2 FY2023Q3 FY2023Q4 FY2023Q1 FY2024Q2 FY2024Q3 FY2024Q4 FY2024Q1 FY2025Q2 FY2025Q3 FY2025Q4 FY2025Q1 FY2026Q2 FY2026
Revenue37.135.025.530.626.028.234.834.438.458.741.247.552.233.535.746.750.564.674.059.2
Cost of revenuen/an/an/an/an/an/a23.429.626.539.825.132.129.726.519.627.735.240.235.631.1
Gross profit0.3-5.9-6.04.21.5-0.34.4-3.53.813.16.010.813.80.410.112.37.817.431.520.1
Gross margin1%-17%-23%14%6%-1%13%-10%10%22%15%23%26%1%28%26%15%27%43%34%
R&Dn/an/a1.7n/an/an/an/an/an/an/an/an/an/an/an/an/an/an/an/an/a
Operating income-17.4-22.5-24.1-16.6-15.6-39.2-42.8-43.0-28.8-47.4-22.0-13.9-0.1-14.5-7.6-3.4-8.422.141.27.7
Operating margin-47%-64%-94%-54%-60%-139%-123%-125%-75%-81%-53%-29%-0%-43%-21%-7%-17%34%56%13%
Pre-tax income-18.2-24.5-21.9-12.4-11.1-34.9-36.9-45.3-28.6178-22.9-15.4-1.3-7.2-7.31.9-1.714.133.25.8
Tax raten/an/an/an/an/an/an/an/an/a21%n/an/an/an/an/a-58%n/a-170%-1%-66%
Net income-17.4-20.9-19.3-14.4-10.0-37.4-43.1-21.6-18.5138-20.4-13.0-2.1-8.2-6.33.0-0.538.133.49.6
Net margin-47%-60%-76%-47%-38%-132%-124%-63%-48%236%-49%-27%-4%-25%-18%7%-1%59%45%16%
Diluted EPS-$0.04-$0.05-$0.04-$0.30-$0.21-$0.79-$0.91-$0.46-$0.39$2.89-$0.41-$0.26-$0.04-$0.16-$0.12$0.06-$0.01$0.57$0.47$0.14
Operating cash flow-11.0-1.1-15.6-28.7-6.2-8.1-28.6-25.2-2.316.43.93.623.2-1.2-1.90.55.23.112.146.2
Shares outstanding459m459m474m47m47m47m47m47m47m49m49m51m53m53m54m54m54m56m59m61m
Filing10-Q10-K10-Q10-K10-K10-K10-Q10-Q10-Q10-K10-Q10-Q10-Q10-K10-Q10-Q10-Q10-K10-Q10-Q
Each quarter as filed, linked to its filing.
Read moreA 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), 14 fiscal years and the trailing twelve months

FY2012 †FY2013FY2014FY2015FY2016 †FY2017 †FY2018 †FY2019FY2020 †FY2021 †FY2022 †FY2023FY2024FY2025TTM
Revenue6.046.045.373.060.467.5128117105137110166174198248
Cost of revenue3.934.640.634.628.145.2n/an/an/an/a91.3119113123142
Gross profit2.111.44.738.332.320.132.19.0-26.9-6.5-0.517.830.947.676.8
Gross margin35.3%24.8%10.4%52.6%53.4%29.8%25.0%7.7%-25.7%-4.7%-0.5%10.7%17.7%24.1%30.9%
Operating income-91.4-200-410-49.315.3-26.3-47.2-63.9-153-64.3-95.4-162-50.62.762.6
Operating margin-1532.1%-435.8%-905.4%-67.6%25.4%-39.0%-36.8%-54.6%-146.2%-47.1%-86.4%-97.5%-29.0%1.3%25.2%
Interest expensen/an/an/an/an/an/a1.9n/an/an/an/an/an/an/an/a
Pre-tax income-93.9-201-419-45.017.3-26.0-47.6-63.6-154-64.2-80.367.0-46.76.951.4
Income tax-27.2-53.4-107-24.6-3.7-15.4-2.8-3.8-1.4-7.35.833.9-3.0-27.5-29.3
Effective tax raten/an/an/an/a-21.7%n/an/an/an/an/an/a50.5%n/a-395.5%-57.0%
Net income-66.7-148-312-20.421.1-10.6-44.9-59.7-152-56.7-81.155.3-43.734.480.6
Net margin-1117.2%-321.3%-688.6%-28.0%34.9%-15.8%-35.0%-51.1%-145.4%-41.5%-73.4%33.3%-25.0%17.4%32.5%
Diluted EPS-$0.26-$0.50-$1.05-$0.07$0.07-$0.03-$0.13-$0.17-$0.38-$0.12-$1.71$1.16-$0.86$0.59$1.17
Filing10-K10-K10-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.

Revenue by segment FY2023 to FY2025

FY2023FY2024FY2025Share
of the parts, latest year
USA83.410511759.1%
Canada81.367.876.038.5%
Mexico1.51.54.82.4%
USACanadaMexico
166FY2023174FY2024198FY2025

$ million; hover a block for its figure and share

From the company's 10-Ks, in its own words (latest 10-K).
Read moreEach year's figures come from the most recent 10-K that includes that year. A year is shown only where the parts add up to the revenue above. Fiscal years are labelled by the year they end in.

Revenue by region FY2023 to FY2025

FY2023FY2024FY2025Share
of the parts, latest year
United States83.410511759.1%
Canada81.367.876.038.5%
Mexico1.51.54.82.4%
United StatesCanadaMexico
166FY2023174FY2024198FY2025

$ million; hover a block for its figure and share

From the company's 10-Ks, in its own words (latest 10-K).
Read moreEach year's figures come from the most recent 10-K that includes that year. A year is shown only where the parts add up to the revenue above. Fiscal years are labelled by the year they end in.

Cash flow and capital returned

FY2012 †FY2013FY2014FY2015FY2016 †FY2017 †FY2018 †FY2019FY2020 †FY2021 †FY2022 †FY2023FY2024FY2025TTM
Operating cash flown/a-42.4-14.915.67.4-27.60.5-39.5-27.9-20.1-56.6-39.629.56.966.6
Capital expenditure1.94.32.80.81.25.162.3n/an/an/an/an/an/an/an/a
Free cash flown/a-46.7-17.714.86.3-32.7-61.9n/an/an/an/an/an/an/an/a
Free cash flow marginn/a-101.6%-39.1%20.3%10.4%-48.5%-48.3%n/an/an/an/an/an/an/an/a
Cash from investingn/an/an/a-1.97.6-22.3-69.3-14.1-11.8-24.6-23.9-99.6-58.0-48.0-64.9
Cash from financingn/an/an/a0.1-3.249.760.470.017.681.065.517219.278.723.0
Depreciation and amortisation1.00.91.00.91.23.49.224.8n/a25.319.530.430.927.830.1
Share-based compensation3.41.41.31.31.01.30.30.70.60.80.30.30.91.3n/a
Buybacksn/an/an/a1.80.6n/an/an/an/an/an/an/an/an/an/a
Dividend per sharen/an/an/an/an/a$0.01n/an/an/an/an/an/an/an/an/a
Diluted shares, weighted261m297m298m300m300m314m337m362m403m455m47m48m51m66m75m
Shares outstanding at period end213m265m272m274m300m337m345m400m417m459m47m49m53m56m61m
Filing10-K10-K10-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

FY2012 †FY2013FY2014FY2015FY2016 †FY2017 †FY2018 †FY2019FY2020 †FY2021 †FY2022 †FY2023FY2024FY2025TTM
Funded by
Shareholders' equity890747441418443521486499365390356502495546707
Short-term borrowingsn/an/an/an/an/a0.0n/a5.0n/an/an/an/a12.0n/an/a
Debtn/an/an/an/an/an/a24.619.848.248.964.040.040.0126127
Other liabilities26117681.756.855.370.910610786.486.5108115118148159
Total liabilities and equity1,151923523475498592617631500525529657665820992
Owned
Fixed assets12.815.117.915.814.351.011510849.0n/an/an/an/an/an/a
Investments0.0n/an/an/an/an/an/an/an/an/an/a1.71.621.112.8
Cash and equivalents70.924.312.425.937.427.215.846.520.854.339.823.013.751.078.9
Receivablesn/an/an/an/an/an/an/an/an/an/an/an/an/a9.23.0
Inventory7.38.812.415.026.632.022.038.427.015.831.719.918.126.827.2
Other assets1,060875480418420482464439403455457613631712870
Total assets1,151923523475498592617631500525529657665820992
Filing10-K10-K10-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, compounded10.5%13.5%21.4%47.7%
Profit growth, compoundedn/an/an/an/a
Return on equity, average-8.9%-5.8%2.8%6.3%
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.

Questions

What was McEwen's revenue in fiscal 2025?

McEwen (MUX) reported revenue of $198 million for fiscal 2025, the year ended 31 December 2025, up 13.2% on the year before.

How much did McEwen earn in fiscal 2025?

Net income was $34 million for fiscal 2025, and diluted earnings per share $0.59.

What is McEwen's P/E ratio?

At the close of 29 October 2026, McEwen traded at 12.9 times its earnings over the twelve months to 30 June 2026.

What is McEwen's market cap?

The market cap of McEwen was $923 million at the close of 29 October 2026.

How much debt does McEwen have?

At 30 June 2026 McEwen carried $127 million of debt and $79 million of cash.

Peers: Precious Metals

CompanyMarket capP/EROEOp. marginSales growth
TTM
Debt to equityDiv. yield
Newmont Corp. NEM$116.2 billion13.0025.9%51.8%23.7%0.140.9%
Coeur Mining, Inc. CDE$14.4 billion11.418.2%33.8%117.3%0.07n/a
Novagold Resources Inc. NG$2.7 billionn/an/an/an/a0.46n/a
i-80 Gold Corp. IAUX$1.3 billionn/a-100.2%-112.1%69.7%1.73n/a
McEwen Inc. MUX$923 million12.8611.4%25.2%47.7%0.18n/a
4 companies share its SEC industry code (Gold And Silver Ores); the rest are the names nearest in size in its wider industry, Precious Metals, 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 20265 August 2026EDGAR
10-K/A31 December 202524 June 2026EDGAR
10-K/A31 December 202520 May 2026EDGAR
10-Q31 March 20266 May 2026EDGAR
10-K31 December 202517 March 2026EDGAR
10-Q30 September 20255 November 2025EDGAR
10-Q30 June 20256 August 2025EDGAR
10-K/A31 December 202427 June 2025EDGAR
10-Q31 March 20257 May 2025EDGAR
10-K/A31 December 20242 May 2025EDGAR