Saturday 17 October 2026 Export HBM’s income statement to Excel — free account

HudBay Minerals Inc

HudBay Minerals Inc’s revenue for fiscal 2025 (year ended December 2025) was $2.2 billion, up 9.39% from fiscal 2024. In the quarter to June 2026, revenue grew 17.7%, EPS grew 13.3%, free cash flow grew 4.51% and total debt fell 19.5%, each against the same quarter a year earlier. Revenue growth for three consecutive years.

23.62 0.60 −2.48%

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Market cap: $10.8B
P/E: 13.9×
Fwd P/E: 14.4×
Dividend yield: 0.09%
F-score: 7/9
Altman Z: 2.51
Beneish M: −2.13
Dividend safety: 66/100

Overview Business Profile Financial Analysis Income Statement Balance Sheet Cash Flow Metrics & Ratios 10-Q 10-K

Insider Decisions trades per month

	Dec 25			Mar 26			Jun 26			Sep 26
Buy	—	—	—	—	—	—	—	—	—	—	—	—
Sell	—	—	—	—	—	—	—	—	—	—	—	—

Insider Ownership 0.00%

Capital & Financial Ratios $m

Market Cap 10,760.00

Revenue 2,468.30

Net Income 680.00

Free Cash Flow 282.80

Net Debt (58.00)

Current Ratio 2.24

Debt/Equity 0.17

P/E ratio 13.89

Fwd P/E 14.40

P/S ratio 3.83

P/B ratio 1.80

Past 5Y EPS Growth —

This Y EPS Growth 131.59%

Next Y EPS Growth 27.68%

Next Y revenue growth 49.61%

Next 5Y EPS Growth 47.03%

Green and red mark values outside typical ranges. How we judge →

Valuation vs history

EV/Sales, ten years

P/E against its own 10 years 23.11%

10-year low 10-year high

P/S against its own 10 years 94.47%

10-year low 10-year high

P/B against its own 10 years 90.64%

10-year low 10-year high

EV/Sales against its own 10 years 94.58%

10-year low 10-year high

EV/FCF against its own 10 years 80.77%

10-year low 10-year high

Dividends

Payout Ratio 0.01

Annual Dividend Rate 0.02

Annual Dividend Yield 0.09%

	total	individual payouts
2028	Powerpack
2027	Powerpack
2026	0.03	0.01 0.01 0.01
2025	0.01	0.01 0.01
2024	0.01	0.01 0.01
2023	0.01	0.01 0.01
2022	0.02	0.01 0.01
2021	0.02	0.01 0.01
2020	0.01	0.01 0.01
2019	0.02	0.01 0.01
2018	0.02	0.01 0.01
2017	0.02	0.01 0.01
2016	0.02	0.01 0.01

predictions special payouts not included in total or ratios

Assets vs Liabilities $m

	2023	2024	2025	Q'26
Cash	254	597	570	944
Receivables	206	237	379	208
Inventory	207	197	199	190
Other	—	—	—	—
	673	1,049	1,163	1,356

	2023	2024	2025	Q'26
Payables	239	270	343	318
ST’ Debt	—	—	472	—
Other	182	173	335	226
	537	537	1,229	605

Compound Annual Growth %

	10y	5y	3y
Sales	9.58%	15.14%	14.80%
Cash Flow	14.31%	24.18%	13.18%
Earnings	0.00%	0.00%	100.64%
Book Value	6.10%	13.71%	27.15%

Revenue $m

	Mar	Jun	Sep	Dec	Year
’26	757	631	—	—	—
’25	595	536	347	733	2,211
’24	525	426	486	585	2,021
’23	295	312	480	602	1,690
’22	379	415	346	321	1,461
’21	314	404	359	425	1,502
’20	245	209	316	322	1,092

Fiscal quarters ending in the months shown.

Operating Cash Flow $m

	Mar	Jun	Sep	Dec	Year
’26	211	297	—	—	—
’25	125	260	113	209	707
’24	140	140	148	238	666
’23	71	25	152	229	477
’22	63	166	173	86	488
’21	52	96	140	97	385
’20	9	31	78	121	239

Fiscal quarters ending in the months shown.

Free Cash Flow $m

	Mar	Jun	Sep	Dec	Year
’26	71	144	—	—	—
’25	32	137	3	66	238
’24	77	51	50	140	317
’23	6	(41)	83	148	197
’22	11	87	87	(2)	183
’21	(31)	(4)	74	(6)	33
’20	(42)	(16)	(67)	3	(122)

Fiscal quarters ending in the months shown.

EPS $

	Mar	Jun	Sep	Dec	Year
’26	0.48	0.34	—	—	—
’25	0.25	0.30	0.56	0.32	1.44
’24	0.05	(0.05)	0.13	0.05	0.20
’23	0.02	(0.05)	0.13	0.10	0.22
’22	0.24	0.12	(0.03)	(0.07)	0.27
’21	(0.23)	(0.01)	(0.65)	(0.04)	(0.93)
’20	(0.29)	(0.20)	(0.09)	0.03	(0.55)

Fiscal quarters ending in the months shown.

Group	Line	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025	2026e
Price, $
Price, $	Low	1.56	4.60	3.44	2.99	1.23	5.22	3.08	3.94	4.94	5.95	Analyst estimates 2026–2028 Powerpack
	High	7.35	9.35	10.25	7.83	7.47	9.60	8.75	6.34	10.49	20.32
People
People	Employees	2,040	2,219	2,180	2,236	2,530	2,505	2,241	2,708	2,803	3,072
	Revenue/emp, $m	0.55	0.63	0.68	0.55	0.43	0.60	0.65	0.62	0.72	0.72
Income, $m
Income, $m	Revenue	1,129	1,402	1,472	1,237	1,092	1,502	1,461	1,690	2,021	2,211
	Gross margin, %	19.75	29.18	25.38	12.25	3.57	8.72	18.95	23.22	27.40	33.61
	EBT	6	173	171	(453)	(179)	(203)	96	152	252	912
	EBT margin, %	0.50	12.33	11.60	(36.59)	(16.39)	(13.50)	6.56	8.98	12.45	41.25
	Net income	(35)	140	85	(344)	(145)	(244)	70	70	68	564
	Depreciation	299	209	240	271	290	287	266	328	371	379
Per share, $
Per share, $	Revenue	4.79	5.76	5.64	4.74	4.18	5.74	5.58	5.44	5.36	5.59
	Earnings	(0.15)	0.67	0.33	(1.32)	(0.55)	(0.93)	0.27	0.22	0.20	1.44
	Cash flow	2.01	2.22	1.84	1.19	0.92	1.47	1.86	1.53	1.77	1.79
	Capex	(0.82)	(1.03)	(0.73)	(0.99)	(1.38)	(1.35)	(1.16)	(0.90)	(0.93)	(1.19)
	Free cash flow	1.20	1.19	1.10	0.20	(0.47)	0.13	0.70	0.63	0.84	0.60
	Book value	7.48	8.67	8.34	7.07	6.51	5.65	6.00	7.10	7.03	8.17
	Shares, m	236	244	261	261	261	261	262	311	377	396
Valuation, ×
Valuation, ×	P/E	0.00	15.64	14.45	0.00	0.00	0.00	19.58	27.30	45.00	13.88
	P/S	1.25	1.60	0.84	0.88	1.67	1.26	0.91	1.00	1.51	3.55
	P/B	0.80	1.06	0.57	0.59	1.08	1.28	0.85	0.77	1.15	2.43
	EV/Sales	2.22	2.10	1.19	1.42	2.37	1.91	1.61	1.66	1.79	3.76
	EV/FCF	8.88	10.16	6.09	33.95	(21.25)	87.39	12.85	14.25	11.33	34.98
Cash, $m
Cash, $m	Operating cash flow	475	540	480	311	239	385	488	477	666	707
	Capex	(193)	(250)	(191)	(259)	(361)	(352)	(305)	(280)	(349)	(469)
	Free cash flow	282	290	289	52	(122)	33	183	197	317	238
Balance, $m
Balance, $m	Working capital	122	251	445	271	307	148	77	136	511	(66)
	Total debt	1,242	1,064	1,055	1,067	1,200	1,258	1,245	1,349	1,152	1,038
	Net debt	1,092	705	530	669	757	979	1,019	1,095	555	468
	Shareholders’ equity	1,763	2,112	2,179	1,848	1,700	1,477	1,572	2,207	2,647	3,231
Returns, %
Returns, %	ROA	(0.79)	3.04	1.81	(7.52)	(3.17)	(5.26)	1.57	1.38	1.42	9.71
	ROIC	3.72	7.82	6.90	(7.17)	(0.95)	0.46	5.17	5.62	7.81	15.48
	ROE	(1.98)	7.21	3.98	(17.08)	(8.15)	(15.38)	4.62	3.51	3.16	19.34

Negative figures in brackets.

All 10 years →

Fiscal years to Dec 2025 · latest quarter Jun 2026

Charts ten years each

Company	Market cap	P/E	Fwd P/E	Revenue growth (Q)	EPS growth (Q)	FCF growth (Q)	Gross margin (Q)	EBIT margin (Q)	Compare
SCCO Southern Copper Corporation	$170.3B	29.3×	23.5×	+40.58% (above 0%: growing)	+64.75% (above 0%: growing)	+111.27% (above 0%: growing)	67.60%	61.16%	Compare
FCX Freeport-McMoRan Inc.	$100.7B	34.1×	26.2×	−7.29% (below 0%: shrinking)	+28.30% (above 0%: growing)	+1.07% (above 0%: growing)	31.10%	28.50%	Compare
HBM HudBay Minerals Inc	$10.8B	13.9×	14.4×	+17.69% (above 0%: growing)	+13.33% (above 0%: growing)	+4.51% (above 0%: growing)	42.61%	34.80%
ERO Ero Copper Corp.	$3.6B	12.2×	5.9×	+110.39% (above 0%: growing)	+35.06% (above 0%: growing)	+441.33% (above 0%: growing)	40.25%	35.04%	Compare
IE Ivanhoe Electric Inc.	$1.4B	— (loss-making)	— (loss-making)	−32.21% (below 0%: shrinking)	n/m	−88.00% (below 0%: shrinking)	50.83%	(2,966.85%)	Compare
Median of peers	$52.2B	29.3×	23.5×	+16.65%	+35.06%	+56.17%	45.54%	31.77%

All 5 Copper stocks →

HudBay Minerals Inc (HBM) key facts

Strength: HudBay Minerals Inc’s revenue for fiscal 2025 (year ended December 2025) was $2.2 billion, up 9.39% from fiscal 2024.
HudBay Minerals Inc (HBM) is a Copper company in the Basic Materials sector, listed on the New York Stock Exchange.
As of October 16, 2026, HBM traded at $23.62, a market capitalization of $10.8 billion.
HudBay Minerals Inc pays an annual dividend of $0.02 per share, a yield of 0.09%, with a payout ratio of 1.28%.
Return on equity was 19.3% and debt-to-equity 0.17.
Its Piotroski F-score is 7 out of 9 and its Altman Z-score is 2.51 (grey zone) for fiscal 2025.