Hecla Mining Company
HL Basic Materials Other Precious Metals & Mining
In the quarter to June 2026, revenue grew 52.5%, EPS grew 100.0%, free cash flow grew 13.9% and total debt fell 98.6%, each against the same quarter a year earlier. Revenue growth for three consecutive years.
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Hecla Mining Company (HL) Piotroski F-score
Hecla Mining Company's Piotroski F-score for fiscal 2025 is 8 out of 9: 8 of nine tests of profitability, leverage and efficiency passed, up from 7 in fiscal 2024.
Piotroski F-score, annual
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Annual newest first
| Period | Piotroski F-score | Change (points) |
|---|---|---|
| FY2025 | 8 | 1.00 |
| FY2024 | 7 | 4.00 |
| FY2023 | 3 | 0.00 |
| FY2022 | 3 | (5.00) |
| FY2021 | 8 | 2.00 |
| FY2020 | 6 | 1.00 |
| FY2019 | 5 | 1.00 |
| FY2018 | 4 | 0.00 |
| FY2017 | 4 | (4.00) |
| FY2016 | 8 | — |
How fiscal 2025’s score is made up
| Test | This year | Year before | Result | Points |
|---|---|---|---|---|
| Positive return on assets | 9.82% | 1.18% | Pass | 1 |
| Positive operating cash flow | 562.64m | 218.28m | Pass | 1 |
| Rising return on assets | 9.82% | 1.18% | Pass | 1 |
| Cash flow above net income | 241.48m | 183.03m | Pass | 1 |
| Falling long-term leverage | 0.08 | 0.17 | Pass | 1 |
| Rising current ratio | 2.72 | 1.08 | Pass | 1 |
| No new shares issued | 651,965,000 | 620,848,000 | Fail | 0 |
| Rising gross margin | 43.72% | 21.31% | Pass | 1 |
| Rising asset turnover | 0.44 | 0.31 | Pass | 1 |
| Piotroski F-score | Strong — most fundamentals improved | 8 | ||
How the Piotroski F-score works
One point for each of nine tests, this fiscal year against the one before: positive return on assets, positive operating cash flow, rising return on assets, cash flow above net income, falling long-term leverage, a rising current ratio, no new shares issued, a rising gross margin and rising asset turnover. The ratios are the ones on this site, so each can be checked.
Joseph Piotroski (2000) called 8–9 high and 0–1 low; reading it in three bands is the common convention:
| 7–9 | Strong — most fundamentals improved |
|---|---|
| 4–6 | Mixed |
| 0–3 | Weak — most fundamentals deteriorated |
Where this differs from the paper: return on assets is on average rather than beginning-of-year assets, and weighted basic shares stand in for shares issued. The score is shown only when all nine tests can be worked out, which takes three fiscal years; banks and insurers, which report no current assets or gross profit, have none.
Piotroski F-score against peers
| Company | Piotroski F-score |
|---|---|
| TFPM Triple Flag Precious Metals Corp. compare | 9 |
| BVN Buenaventura Mining Company Inc. compare | 8 |
| HL Hecla Mining Company | 8 |
| ASM Avino Silver compare | 6 |
| MUX McEwen Inc. compare | 6 |
| SBSW Sibanye Gold Limited compare | 6 |
| MTA Metalla Royalty & Streaming Ltd. compare | 6 |
| PPTA Perpetua Resources Corp. compare | — |
| SLSR Solaris Resources Inc. compare | — |
What Piotroski F-score is
The Piotroski F-Score tells an investor how many signs of improving profitability, funding and efficiency a company shows against a year earlier.
One point for each of nine tests against a year earlier: positive return on assets, positive operating cash flow, rising return on assets, cash flow above net income, falling long-term leverage, rising current ratio, no new shares issued, rising gross margin, and rising asset turnover