NYSE : FSM
Fortuna Mining Corp. — Financial statements
Materials · Gold · Canada
Overview · Financial statements · Key statistics · Dividends · Company profile · Price history · Reports
Financial statements
Fortuna Mining Corp. (FSM) reported revenue of 1.18B USD (TTM). Five years of income statement, balance sheet, cash flow and ratios below.
Income statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Revenue | 1.18B | 947.06M | 677.24M | 842.43M | 681.49M | 599.85M |
| Cost of Revenue | 505.66M | 480.16M | 443.88M | 652.40M | 534.70M | 394.38M |
| Gross Profit | 676.83M | 466.90M | 233.36M | 190.03M | 146.80M | 205.48M |
| Selling, General & Admin | 98.73M | 97.74M | 68.09M | 64.07M | 61.46M | 45.36M |
| Other Operating Expenses | 4.79M | 2.01M | 3.28M | 15.25M | 2.88M | 17.59M |
| Operating Expenses | 53.82M | 52.04M | 71.37M | 145.91M | 187.45M | 63.96M |
| Operating Income | 623.01M | 414.86M | 161.99M | 44.11M | -40.66M | 141.52M |
| Interest Expense | -24.50M | -23.68M | -24.75M | -22.15M | -11.35M | -12.59M |
| Interest & Investment Income | 18.28M | 17.91M | 13.40M | 16.05M | 1.85M | 1.85M |
| Currency Exchange Gain (Loss) | -18.66M | -7.78M | -7.56M | -10.88M | -8.87M | -6.09M |
| Other Non Operating Income (Expenses) | 388.00K | -246.00K | -1.05M | -1.55M | 307.00K | -2.82M |
| EBT Excluding Unusual Items | 598.52M | 401.05M | 142.03M | 25.57M | -58.72M | 121.86M |
| Merger & Restructuring Charges | -6.40M | -14.09M | ||||
| Gain (Loss) on Sale of Assets | -879.00K | -879.00K | -298.00K | -209.00K | -789.00K | |
| Asset Writedown | -30.01M | -65.61M | ||||
| Other Unusual Items | -595.00K | |||||
| Pretax Income | 597.64M | 400.18M | 141.73M | -11.05M | -125.11M | 107.18M |
| Income Tax Expense | 191.76M | 111.40M | 51.42M | 32.58M | 10.80M | 47.78M |
| Earnings From Continuing Operations | 405.88M | 288.78M | 90.32M | -43.63M | -135.91M | 59.40M |
| Earnings From Discontinued Operations | 22.29M | 51.59M | ||||
| Net Income to Company | 405.88M | 311.06M | 141.91M | -43.63M | -135.91M | 59.40M |
| Minority Interest in Earnings | -27.72M | -23.59M | -13.17M | -7.21M | 7.77M | -1.52M |
| Net Income | 378.16M | 287.47M | 128.74M | -50.84M | -128.13M | 57.88M |
| Net Income to Common | 378.16M | 287.47M | 128.74M | -50.84M | -128.13M | 57.88M |
| Shares Outstanding (Basic) | 305.05M | 306.86M | 308.88M | 295.07M | 291.28M | 238.00M |
| Shares Outstanding (Diluted) | 345.99M | 334.90M | 310.75M | 295.07M | 291.28M | 249.44M |
| EPS (Basic) | 1.24 | 0.94 | 0.42 | -0.17 | -0.44 | 0.24 |
| EPS (Diluted) | 1.16 | 0.90 | 0.41 | -0.17 | -0.44 | 0.23 |
| Free Cash Flow | 415.11M | 289.35M | 204.60M | 79.59M | -59.17M | -5.15M |
| Free Cash Flow Per Share | 1.20 | 0.86 | 0.66 | 0.27 | -0.20 | -0.02 |
| Gross Margin | 57.24% | 49.30% | 34.46% | 22.56% | 21.54% | 34.26% |
| Operating Margin | 52.69% | 43.80% | 23.92% | 5.24% | -5.97% | 23.59% |
| Profit Margin | 31.98% | 30.35% | 19.01% | -6.03% | -18.80% | 9.65% |
| Free Cash Flow Margin | 35.10% | 30.55% | 30.21% | 9.45% | -8.68% | -0.86% |
| EBITDA | 750.46M | 547.69M | 327.93M | 320.96M | 251.09M | 261.29M |
| EBITDA Margin | 63.47% | 57.83% | 48.42% | 38.10% | 36.84% | 43.56% |
| D&A For EBITDA | 127.45M | 132.84M | 165.94M | 276.85M | 291.75M | 119.77M |
| EBIT | 623.01M | 414.86M | 161.99M | 44.11M | -40.66M | 141.52M |
| EBIT Margin | 52.69% | 43.80% | 23.92% | 5.24% | -5.97% | 23.59% |
| Effective Tax Rate | 32.09% | 27.84% | 36.28% | 44.58% |
Balance sheet
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 606.67M | 553.99M | 231.33M | 128.15M | 80.49M | 107.10M |
| Short-Term Investments | 7.72M | 6.76M | 63.00K | 416.00K | ||
| Cash & Short-Term Investments | 614.38M | 560.75M | 231.39M | 128.15M | 80.49M | 107.51M |
| Accounts Receivable | 12.67M | 20.76M | 26.70M | 19.97M | 23.98M | 25.72M |
| Other Receivables | 40.23M | 45.35M | 73.11M | 49.48M | 37.46M | 48.06M |
| Receivables | 52.90M | 66.11M | 99.81M | 69.45M | 61.44M | 73.78M |
| Inventory | 138.87M | 122.69M | 134.50M | 115.83M | 92.03M | 85.82M |
| Prepaid Expenses | 2.73M | 4.12M | 7.34M | 14.60M | 11.18M | 8.06M |
| Other Current Assets | 13.94M | 10.87M | 13.21M | 5.29M | 7.57M | 5.91M |
| Total Current Assets | 835.46M | 764.53M | 486.24M | 333.32M | 252.71M | 281.08M |
| Property, Plant & Equipment | 1.57B | 1.52B | 1.54B | 1.57B | 1.57B | 1.71B |
| Long-Term Deferred Charges | 690.00K | 949.00K | 1.39M | |||
| Other Long-Term Assets | 88.90M | 76.48M | 88.71M | 60.33M | 55.89M | 28.49M |
| Total Assets | 2.50B | 2.36B | 2.12B | 1.97B | 1.88B | 2.02B |
| Accounts Payable | 81.81M | 77.93M | 91.18M | 100.39M | 72.57M | 82.53M |
| Accrued Expenses | 59.35M | 67.58M | 44.90M | 32.50M | 31.26M | 36.03M |
| Current Portion of Long-Term Debt | 43.90M | |||||
| Current Portion of Leases | 30.81M | 21.20M | 19.76M | 14.94M | 9.42M | 10.52M |
| Current Income Taxes Payable | 99.74M | 81.82M | 80.12M | 31.78M | 11.59M | 20.56M |
| Other Current Liabilities | 6.49M | 7.86M | 20.07M | 20.26M | 10.24M | 17.12M |
| Total Current Liabilities | 278.20M | 256.38M | 256.03M | 243.77M | 135.08M | 166.77M |
| Long-Term Debt | 138.91M | 134.41M | 126.03M | 162.95M | 219.18M | 157.49M |
| Long-Term Leases | 64.45M | 55.69M | 48.22M | 42.46M | 11.93M | 18.88M |
| Long-Term Deferred Tax Liabilities | 144.35M | 120.31M | 144.27M | 159.85M | 167.62M | 191.67M |
| Other Long-Term Liabilities | 52.45M | 58.54M | 74.92M | 70.71M | 53.72M | 57.54M |
| Total Liabilities | 678.36M | 625.32M | 649.46M | 679.74M | 587.53M | 592.35M |
| Common Stock | 1.09B | 1.13B | 1.13B | 1.13B | 1.08B | 1.08B |
| Retained Earnings | 612.73M | 488.12M | 216.38M | 87.65M | 138.49M | 266.62M |
| Comprehensive Income & Other | 65.22M | 63.69M | 57.77M | 25.34M | 29.93M | 28.79M |
| Total Common Equity | 1.77B | 1.68B | 1.40B | 1.24B | 1.24B | 1.38B |
| Minority Interest | 51.95M | 58.28M | 62.21M | 49.75M | 43.94M | 54.42M |
| Shareholders' Equity | 1.82B | 1.74B | 1.47B | 1.29B | 1.29B | 1.43B |
| Total Liabilities & Equity | 2.50B | 2.36B | 2.12B | 1.97B | 1.88B | 2.02B |
| Total Debt | 234.17M | 211.30M | 194.01M | 264.25M | 240.52M | 186.89M |
| Net Cash (Debt) | 380.22M | 349.45M | 37.38M | -136.10M | -160.03M | -79.38M |
| Net Cash Per Share | 1.10 | 1.04 | 0.12 | -0.46 | -0.55 | -0.32 |
| Filing Date Shares Outstanding | 295.96M | 305.26M | 306.53M | 306.59M | 290.26M | 291.88M |
| Total Common Shares Outstanding | 295.96M | 305.76M | 306.93M | 306.59M | 290.22M | 291.53M |
| Working Capital | 557.26M | 508.16M | 230.21M | 89.56M | 117.63M | 114.31M |
| Book Value Per Share | 5.97 | 5.48 | 4.57 | 4.04 | 4.29 | 4.72 |
| Tangible Book Value | 1.77B | 1.68B | 1.40B | 1.24B | 1.24B | 1.38B |
| Tangible Book Value Per Share | 5.97 | 5.48 | 4.57 | 4.04 | 4.29 | 4.72 |
| Construction In Progress | 39.33M | 32.28M | 73.89M | 44.22M | 154.65M | 57.76M |
Cash flow statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Net Income | 378.16M | 287.47M | 128.74M | -50.84M | -128.13M | 57.88M |
| Depreciation & Amortization | 146.35M | 151.14M | 181.44M | 293.05M | 300.75M | 126.07M |
| Asset Writedown & Restructuring Costs | 30.01M | 65.61M | ||||
| Loss (Gain) From Sale of Investments | -738.00K | -3.36M | -9.72M | -12.39M | ||
| Stock-Based Compensation | 8.79M | 23.76M | 8.01M | 2.02M | -1.00K | -3.08M |
| Other Operating Activities | 66.00M | -3.62M | -15.74M | 44.80M | -25.95M | 5.58M |
| Change in Accounts Receivable | 10.68M | -10.00M | -32.61M | -17.11M | 7.32M | -16.90M |
| Change in Inventory | -14.05M | -11.58M | -24.46M | -21.02M | -20.41M | -23.82M |
| Change in Accounts Payable | 26.33M | 19.93M | -1.51M | 31.64M | -3.28M | 3.56M |
| Change in Other Net Operating Assets | -220.00K | 1.64M | 1.54M | -3.24M | -1.64M | -2.15M |
| Operating Cash Flow | 621.30M | 467.35M | 365.68M | 296.91M | 194.25M | 147.14M |
| Capital Expenditures | -206.19M | -178.00M | -161.08M | -217.31M | -253.42M | -152.29M |
| Sale of Property, Plant & Equipment | 12.00K | |||||
| Cash Acquisitions | -13.32M | 40.29M | ||||
| Investment in Securities | 10.60M | -2.08M | 9.72M | 12.39M | 14.00K | |
| Other Investing Activities | -18.11M | 89.94M | -43.08M | 1.36M | -1.91M | -6.53M |
| Investing Cash Flow | -213.70M | -90.13M | -194.44M | -216.88M | -255.33M | -118.50M |
| Long-Term Debt Issued | 240.50M | 75.50M | 80.00M | |||
| Long-Term Debt Repaid | -24.37M | -258.42M | -107.12M | -32.21M | -44.22M | |
| Lease Payments | -29.08M | -24.37M | -15.77M | -16.62M | -12.21M | -11.93M |
| Net Debt Issued (Repaid) | -29.08M | -24.37M | -17.92M | -31.62M | 47.79M | -44.22M |
| Issuance of Common Stock | 301.00K | 313.00K | ||||
| Repurchase of Common Stock | -112.69M | -10.27M | -34.13M | -5.93M | ||
| Other Financing Activities | -36.49M | -25.96M | -14.09M | -1.39M | -3.40M | -7.52M |
| Financing Cash Flow | -178.26M | -60.60M | -66.14M | -32.72M | 38.47M | -51.42M |
| Foreign Exchange Rate Adjustments | -1.10M | 6.05M | -1.92M | 346.00K | -3.99M | -2.02M |
| Net Cash Flow | 228.24M | 322.66M | 103.18M | 47.66M | -26.60M | -24.80M |
| Free Cash Flow | 415.11M | 289.35M | 204.60M | 79.59M | -59.17M | -5.15M |
| Free Cash Flow Margin | 35.10% | 30.55% | 30.21% | 9.45% | -8.68% | -0.86% |
| Free Cash Flow Per Share | 1.20 | 0.86 | 0.66 | 0.27 | -0.20 | -0.02 |
| Levered Free Cash Flow | 364.28M | 298.91M | 119.24M | 123.83M | -4.10M | 67.93M |
| Unlevered Free Cash Flow | 379.59M | 313.71M | 134.71M | 137.67M | 2.99M | 75.81M |
| Free Cash Flow After Leases | 386.03M | 264.97M | 188.82M | 62.97M | -71.38M | -17.08M |
| Cash Interest Paid | 9.73M | 9.50M | 15.05M | 13.54M | 7.46M | 7.42M |
| Cash Income Tax Paid | 144.34M | 101.27M | 38.95M | 25.87M | 42.22M | 62.68M |
| Change in Working Capital | 22.73M | -15.00K | -57.03M | -9.74M | -18.02M | -39.31M |
Ratios
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 2.69B | 3.01B | 1.34B | 1.18B | 1.09B | 1.14B |
| Enterprise Value | 2.36B | 2.83B | 1.41B | 1.42B | 1.28B | 1.27B |
| Last Close Price | 9.10 | 9.81 | 4.29 | 3.86 | 3.75 | 3.90 |
| PE Ratio | 7.73 | 10.47 | 10.44 | 19.66 | ||
| PS Ratio | 2.28 | 3.18 | 1.98 | 1.41 | 1.60 | 1.90 |
| PB Ratio | 1.48 | 1.74 | 0.92 | 0.92 | 0.85 | 0.80 |
| P/TBV Ratio | 1.52 | 1.80 | 0.96 | 0.96 | 0.88 | 0.83 |
| P/FCF Ratio | 6.49 | 10.41 | 6.57 | 14.88 | ||
| P/OCF Ratio | 4.34 | 6.44 | 3.67 | 3.99 | 5.62 | 7.73 |
| EV/Sales Ratio | 2.00 | 2.99 | 2.08 | 1.68 | 1.88 | 2.12 |
| EV/EBITDA Ratio | 3.15 | 5.17 | 4.29 | 4.42 | 5.11 | 4.88 |
| EV/EBIT Ratio | 3.79 | 6.82 | 8.68 | 32.16 | 9.01 | |
| EV/FCF Ratio | 5.69 | 9.78 | 6.87 | 17.83 | ||
| Debt / Equity Ratio | 0.13 | 0.12 | 0.13 | 0.20 | 0.19 | 0.13 |
| Debt / EBITDA Ratio | 0.30 | 0.37 | 0.56 | 0.78 | 0.92 | 0.70 |
| Debt / FCF Ratio | 0.56 | 0.73 | 0.95 | 3.32 | ||
| Net Debt / Equity Ratio | -0.21 | -0.20 | -0.03 | 0.11 | 0.12 | 0.06 |
| Net Debt / EBITDA Ratio | -0.51 | -0.64 | -0.11 | 0.42 | 0.64 | 0.30 |
| Net Debt / FCF Ratio | -0.92 | -1.21 | -0.18 | 1.71 | -2.70 | -15.41 |
| Asset Turnover | 0.51 | 0.42 | 0.33 | 0.44 | 0.35 | 0.39 |
| Inventory Turnover | 3.90 | 3.73 | 3.55 | 6.28 | 6.01 | 6.51 |
| Quick Ratio | 2.40 | 2.44 | 1.29 | 0.81 | 1.05 | 1.09 |
| Current Ratio | 3.00 | 2.98 | 1.90 | 1.37 | 1.87 | 1.69 |
| Return on Equity (ROE) | 24.15% | 18.04% | 6.56% | -3.39% | -10.00% | 5.51% |
| Return on Assets (ROA) | 16.80% | 11.58% | 4.96% | 1.43% | -1.30% | 5.75% |
| Return on Invested Capital (ROIC) | 30.09% | 21.27% | 7.24% | 3.07% | -2.75% | 6.88% |
| Return on Capital Employed (ROCE) | 28.10% | 19.70% | 8.70% | 2.60% | -2.30% | 7.60% |
| Earnings Yield | 12.93% | 9.55% | 9.58% | -4.29% | -11.74% | 5.09% |
| FCF Yield | 15.41% | 9.61% | 15.23% | 6.72% | -5.42% | -0.45% |
| Buyback Yield / Dilution | -11.29% | -7.77% | -5.31% | -1.30% | -16.77% | -34.06% |