NYSE : HBM
Hudbay Minerals Inc. — Financial statements
Materials · Copper · Canada
Last price 21.7 USD (Oct 30, 2026, 4:00 PM EDT) · Market cap 9.69B
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Financial statements
Hudbay Minerals Inc. (HBM) reported revenue of 2.47B 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 | 2.47B | 2.21B | 2.02B | 1.69B | 1.46B | 1.50B |
| Cost of Revenue | 1.07B | 1.03B | 1.04B | 905.80M | 846.94M | 819.58M |
| Gross Profit | 1.40B | 1.18B | 980.40M | 784.20M | 614.50M | 682.42M |
| Selling, General & Admin | 114.60M | 94.70M | 57.00M | 39.20M | 33.99M | 43.01M |
| Other Operating Expenses | 58.80M | 34.60M | 35.10M | 23.60M | -94.80M | 214.62M |
| Operating Expenses | 657.80M | 616.80M | 562.00M | 484.00M | 311.43M | 655.15M |
| Operating Income | 738.50M | 566.10M | 418.40M | 300.20M | 303.07M | 27.27M |
| Interest Expense | -72.20M | -76.10M | -81.20M | -83.80M | -70.76M | -77.56M |
| Interest & Investment Income | 27.20M | 22.30M | 15.70M | 8.10M | 2.61M | 997.00K |
| Currency Exchange Gain (Loss) | -26.10M | 18.60M | -21.00M | -5.30M | 5.38M | -1.40M |
| Other Non Operating Income (Expenses) | -6.60M | -12.00M | -54.80M | -50.90M | -49.71M | -110.72M |
| EBT Excluding Unusual Items | 660.80M | 518.90M | 277.10M | 168.30M | 190.59M | -161.42M |
| Merger & Restructuring Charges | -100.00K | -1.20M | -9.80M | -11.32M | -6.95M | |
| Gain (Loss) on Sale of Investments | 155.80M | 55.20M | 3.10M | -3.50M | 2.48M | -4.47M |
| Gain (Loss) on Sale of Assets | -12.10M | 3.31M | -7.04M | |||
| Asset Writedown | 318.20M | 318.80M | -15.30M | -7.40M | -94.96M | |
| Other Unusual Items | -4.30M | -5.80M | -22.88M | |||
| Pretax Income | 1.17B | 912.00M | 251.60M | 151.80M | 95.81M | -202.75M |
| Income Tax Expense | 487.00M | 347.70M | 183.80M | 82.30M | 25.43M | 41.61M |
| Earnings From Continuing Operations | 680.00M | 564.30M | 67.80M | 69.50M | 70.38M | -244.36M |
| Minority Interest in Earnings | -1.80M | 4.20M | 8.90M | -3.10M | ||
| Net Income | 678.20M | 568.50M | 76.70M | 66.40M | 70.38M | -244.36M |
| Net Income to Common | 678.20M | 568.50M | 76.70M | 66.40M | 70.38M | -244.36M |
| Shares Outstanding (Basic) | 396.88M | 395.52M | 376.79M | 310.85M | 261.86M | 261.46M |
| Shares Outstanding (Diluted) | 398.50M | 396.65M | 377.29M | 310.95M | 262.22M | 261.46M |
| EPS (Basic) | 1.71 | 1.44 | 0.20 | 0.21 | 0.27 | -0.93 |
| EPS (Diluted) | 1.71 | 1.44 | 0.20 | 0.21 | 0.27 | -0.93 |
| Free Cash Flow | 284.20M | 240.60M | 319.10M | 195.80M | 178.84M | 32.89M |
| Free Cash Flow Per Share | 0.71 | 0.61 | 0.85 | 0.63 | 0.68 | 0.13 |
| Dividend Per Share | 0.02 | 0.01 | 0.01 | 0.02 | 0.01 | 0.02 |
| Gross Margin | 56.57% | 53.50% | 48.51% | 46.40% | 42.05% | 45.43% |
| Operating Margin | 29.92% | 25.60% | 20.70% | 17.76% | 20.74% | 1.81% |
| Profit Margin | 27.48% | 25.71% | 3.79% | 3.93% | 4.82% | -16.27% |
| Free Cash Flow Margin | 11.51% | 10.88% | 15.79% | 11.59% | 12.24% | 2.19% |
| EBITDA | 1.15B | 988.80M | 832.10M | 710.30M | 654.57M | 411.02M |
| EBITDA Margin | 46.45% | 44.72% | 41.17% | 42.03% | 44.79% | 27.37% |
| D&A For EBITDA | 408.10M | 422.70M | 413.70M | 410.10M | 351.50M | 383.75M |
| EBIT | 738.50M | 566.10M | 418.40M | 300.20M | 303.07M | 27.27M |
| EBIT Margin | 29.92% | 25.60% | 20.70% | 17.76% | 20.74% | 1.81% |
| Effective Tax Rate | 41.73% | 38.12% | 73.05% | 54.22% | 26.54% |
Balance sheet
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 890.90M | 568.90M | 541.80M | 249.80M | 225.66M | 270.99M |
| Short-Term Investments | 40.00M | |||||
| Cash & Short-Term Investments | 890.90M | 568.90M | 581.80M | 249.80M | 225.66M | 270.99M |
| Accounts Receivable | 163.10M | 343.80M | 179.10M | 169.80M | 84.10M | 166.52M |
| Other Receivables | 44.50M | 35.20M | 57.50M | 35.90M | 38.24M | 37.56M |
| Receivables | 207.60M | 379.00M | 236.60M | 205.70M | 122.33M | 204.08M |
| Inventory | 189.80M | 199.20M | 197.40M | 207.30M | 155.01M | 158.45M |
| Prepaid Expenses | 14.70M | 15.20M | 17.40M | 6.30M | 20.11M | 15.34M |
| Restricted Cash | 50.10M | 200.00K | 400.00K | 2.00M | 486.00K | 437.00K |
| Other Current Assets | 3.20M | 600.00K | 14.90M | 2.10M | 577.00K | 7.43M |
| Total Current Assets | 1.36B | 1.16B | 1.05B | 673.20M | 524.18M | 656.73M |
| Property, Plant & Equipment | 6.20B | 4.69B | 4.18B | 4.32B | 3.55B | 3.74B |
| Long-Term Investments | 153.90M | 130.90M | 12.10M | 6.50M | 9.80M | 11.16M |
| Goodwill | 70.10M | 72.60M | 69.20M | 75.30M | ||
| Other Intangible Assets | 7.80M | 7.10M | 5.50M | 4.00M | 4.77M | 5.90M |
| Long-Term Deferred Tax Assets | 21.20M | 66.50M | 102.60M | 151.90M | 125.64M | 133.58M |
| Long-Term Deferred Charges | 32.40M | 51.50M | 38.80M | 48.50M | 45.07M | 14.24M |
| Other Long-Term Assets | 223.80M | 37.70M | 29.50M | 37.20M | 64.05M | 53.66M |
| Total Assets | 8.06B | 6.22B | 5.49B | 5.31B | 4.33B | 4.62B |
| Accounts Payable | 318.30M | 84.80M | 66.70M | 69.30M | 83.82M | 84.28M |
| Accrued Expenses | 48.50M | 323.50M | 228.60M | 188.60M | 148.49M | 151.50M |
| Current Portion of Long-Term Debt | 31.60M | 498.30M | 16.30M | 3.30M | ||
| Current Portion of Leases | 27.00M | 26.70M | 30.50M | 28.90M | 16.16M | 33.53M |
| Current Income Taxes Payable | 63.90M | 117.40M | 100.70M | 53.40M | 4.05M | 15.24M |
| Current Unearned Revenue | 33.20M | 52.10M | 63.10M | 144.20M | 150.95M | 168.34M |
| Other Current Liabilities | 82.00M | 125.90M | 31.30M | 49.70M | 44.18M | 56.32M |
| Total Current Liabilities | 604.50M | 1.23B | 537.20M | 537.40M | 447.65M | 509.22M |
| Long-Term Debt | 959.90M | 602.50M | 1.17B | 1.29B | 1.18B | 1.18B |
| Long-Term Leases | 26.00M | 29.30M | 44.30M | 61.40M | 44.86M | 44.47M |
| Long-Term Unearned Revenue | 263.90M | 265.00M | 309.10M | 330.80M | 404.88M | 494.98M |
| Pension & Post-Retirement Benefits | 86.10M | 89.90M | 86.50M | 107.90M | 89.60M | 134.84M |
| Long-Term Deferred Tax Liabilities | 359.00M | 375.30M | 340.40M | 407.20M | 251.29M | 261.76M |
| Other Long-Term Liabilities | 502.00M | 401.60M | 354.80M | 366.10M | 331.69M | 513.86M |
| Total Liabilities | 2.80B | 2.99B | 2.84B | 3.11B | 2.75B | 3.14B |
| Common Stock | 3.81B | 2.67B | 2.64B | 2.24B | 1.78B | 1.78B |
| Retained Earnings | 782.60M | 460.50M | -102.40M | -173.60M | -235.50M | -301.84M |
| Comprehensive Income & Other | 206.20M | 102.30M | 14.30M | 30.20M | 26.54M | -182.00K |
| Total Common Equity | 4.80B | 3.23B | 2.55B | 2.10B | 1.57B | 1.48B |
| Minority Interest | 463.40M | 94.20M | 110.00M | |||
| Shareholders' Equity | 5.26B | 3.23B | 2.65B | 2.21B | 1.57B | 1.48B |
| Total Liabilities & Equity | 8.06B | 6.22B | 5.49B | 5.31B | 4.33B | 4.62B |
| Total Debt | 1.04B | 1.16B | 1.26B | 1.39B | 1.25B | 1.26B |
| Net Cash (Debt) | -153.60M | -587.90M | -677.20M | -1.14B | -1.02B | -987.29M |
| Net Cash Per Share | -0.39 | -1.48 | -1.79 | -3.66 | -3.89 | -3.78 |
| Filing Date Shares Outstanding | 444.14M | 396.85M | 394.94M | 350.73M | 262.03M | 261.60M |
| Total Common Shares Outstanding | 444.14M | 396.83M | 394.93M | 350.73M | 262.02M | 261.60M |
| Working Capital | 751.80M | -65.60M | 511.30M | 135.80M | 76.53M | 147.51M |
| Book Value Per Share | 10.80 | 8.14 | 6.46 | 5.98 | 6.00 | 5.65 |
| Tangible Book Value | 4.72B | 3.15B | 2.48B | 2.02B | 1.57B | 1.47B |
| Tangible Book Value Per Share | 10.63 | 7.94 | 6.28 | 5.75 | 5.98 | 5.62 |
| Machinery | 3.70B | 3.57B | 3.35B | 3.28B | 2.74B | 2.98B |
| Construction In Progress | 1.43B | 1.36B | 863.90M | 803.30M | 778.85M | 858.23M |
Cash flow statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Net Income | 678.20M | 568.50M | 76.70M | 66.40M | 70.38M | -244.36M |
| Depreciation & Amortization | 437.00M | 451.60M | 437.70M | 428.70M | 374.28M | 406.54M |
| Other Amortization | 700.00K | 700.00K | 800.00K | 600.00K | 1.06M | 3.35M |
| Asset Writedown & Restructuring Costs | -318.20M | -318.80M | 27.40M | 94.96M | ||
| Loss (Gain) From Sale of Investments | -155.80M | -55.20M | -3.10M | 3.50M | 1.16M | 53.25M |
| Stock-Based Compensation | 81.20M | 61.30M | 19.30M | 7.40M | 2.06M | 12.14M |
| Other Operating Activities | 102.60M | 56.20M | 132.30M | 63.40M | -152.18M | 256.93M |
| Change in Accounts Receivable | 35.60M | -141.30M | -36.50M | -70.30M | 88.48M | -60.98M |
| Change in Inventory | -42.00M | -13.60M | 10.00M | 18.20M | -13.03M | -32.75M |
| Change in Accounts Payable | 28.60M | 52.30M | 43.20M | -31.50M | 2.45M | -11.55M |
| Change in Other Net Operating Assets | -17.00M | 45.60M | -41.60M | -9.50M | 18.18M | 2.49M |
| Operating Cash Flow | 830.90M | 707.30M | 666.20M | 476.90M | 487.80M | 385.07M |
| Capital Expenditures | -546.70M | -466.70M | -347.10M | -281.10M | -308.96M | -352.18M |
| Sale of Property, Plant & Equipment | -100.00K | 800.00K | 4.10M | |||
| Cash Acquisitions | -13.30M | -17.50M | -9.10M | 300.00K | -37.49M | -26.51M |
| Sale (Purchase) of Intangibles | -1.30M | -2.80M | -1.80M | |||
| Investment in Securities | -86.70M | -21.80M | -43.20M | 100.00K | 1.92M | 1.19M |
| Other Investing Activities | 43.50M | 40.40M | 18.30M | 8.10M | 2.76M | 1.24M |
| Investing Cash Flow | -604.60M | -468.40M | -382.90M | -271.80M | -337.67M | -376.26M |
| Long-Term Debt Issued | 100.00M | 600.00M | ||||
| Long-Term Debt Repaid | -159.20M | -223.50M | -170.10M | -35.77M | -637.72M | |
| Lease Payments | -36.90M | -36.90M | -31.40M | -25.20M | -35.77M | -37.72M |
| Net Debt Issued (Repaid) | -314.90M | -159.20M | -223.50M | -70.10M | -35.77M | -37.72M |
| Issuance of Common Stock | 27.10M | 29.90M | 402.40M | 14.40M | 1.25M | 980.00K |
| Common Dividends Paid | -8.50M | -5.60M | -5.50M | -4.50M | -4.05M | -4.15M |
| Other Financing Activities | 339.70M | -79.50M | -163.20M | -122.20M | -157.74M | -135.01M |
| Financing Cash Flow | 43.40M | -214.40M | 10.20M | -182.40M | -196.30M | -175.90M |
| Foreign Exchange Rate Adjustments | -4.30M | 2.60M | -1.50M | 1.40M | 843.00K | -1.06M |
| Net Cash Flow | 265.40M | 27.10M | 292.00M | 24.10M | -45.32M | -168.15M |
| Free Cash Flow | 284.20M | 240.60M | 319.10M | 195.80M | 178.84M | 32.89M |
| Free Cash Flow Margin | 11.51% | 10.88% | 15.79% | 11.59% | 12.24% | 2.19% |
| Free Cash Flow Per Share | 0.71 | 0.61 | 0.85 | 0.63 | 0.68 | 0.13 |
| Levered Free Cash Flow | 450.24M | 438.25M | 263.35M | 241.47M | 258.61M | 31.53M |
| Unlevered Free Cash Flow | 495.36M | 485.81M | 314.10M | 293.85M | 302.83M | 80.00M |
| Free Cash Flow After Leases | 247.30M | 203.70M | 287.70M | 170.60M | 143.07M | -4.83M |
| Cash Interest Paid | 58.50M | 58.40M | 67.90M | 74.00M | 63.75M | 84.44M |
| Cash Income Tax Paid | 369.80M | 268.40M | 132.50M | 54.80M | 39.61M | 20.13M |
| Change in Working Capital | 5.20M | -57.00M | -24.90M | -93.10M | 96.07M | -102.79M |
Ratios
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 9.65B | 7.87B | 3.19B | 1.93B | 1.32B | 1.89B |
| Enterprise Value | 10.28B | 8.46B | 3.99B | 3.30B | 2.30B | 2.85B |
| Last Close Price | 21.70 | 19.83 | 8.08 | 5.49 | 5.03 | 7.18 |
| PE Ratio | 12.51 | 13.85 | 41.62 | 29.01 | 18.81 | |
| PS Ratio | 3.91 | 3.56 | 1.58 | 1.14 | 0.91 | 1.26 |
| PB Ratio | 1.83 | 2.44 | 1.21 | 0.87 | 0.84 | 1.28 |
| P/TBV Ratio | 2.04 | 2.50 | 1.29 | 0.95 | 0.84 | 1.29 |
| P/FCF Ratio | 33.96 | 32.72 | 10.00 | 9.84 | 7.40 | 57.55 |
| P/OCF Ratio | 11.61 | 11.13 | 4.79 | 4.04 | 2.71 | 4.92 |
| EV/Sales Ratio | 4.16 | 3.83 | 1.98 | 1.95 | 1.57 | 1.90 |
| EV/EBITDA Ratio | 8.96 | 8.56 | 4.80 | 4.65 | 3.51 | 6.92 |
| EV/EBIT Ratio | 13.92 | 14.95 | 9.54 | 11.00 | 7.59 | 104.37 |
| EV/FCF Ratio | 36.16 | 35.17 | 12.51 | 16.86 | 12.86 | 86.51 |
| Debt / Equity Ratio | 0.20 | 0.36 | 0.48 | 0.63 | 0.79 | 0.85 |
| Debt / EBITDA Ratio | 0.89 | 1.14 | 1.47 | 1.91 | 1.84 | 2.90 |
| Debt / FCF Ratio | 3.67 | 4.81 | 3.94 | 7.09 | 6.96 | 38.25 |
| Net Debt / Equity Ratio | 0.03 | 0.18 | 0.26 | 0.52 | 0.65 | 0.67 |
| Net Debt / EBITDA Ratio | 0.13 | 0.59 | 0.81 | 1.60 | 1.56 | 2.40 |
| Net Debt / FCF Ratio | 0.54 | 2.44 | 2.12 | 5.82 | 5.70 | 30.01 |
| Asset Turnover | 0.36 | 0.38 | 0.37 | 0.35 | 0.33 | 0.32 |
| Inventory Turnover | 6.06 | 5.18 | 5.14 | 5.00 | 5.40 | 5.44 |
| Quick Ratio | 1.82 | 0.77 | 1.52 | 0.85 | 0.78 | 0.93 |
| Current Ratio | 2.24 | 0.95 | 1.95 | 1.25 | 1.17 | 1.29 |
| Return on Equity (ROE) | 16.74% | 19.20% | 2.79% | 3.68% | 4.62% | -15.38% |
| Return on Assets (ROA) | 6.74% | 6.04% | 4.84% | 3.89% | 4.24% | 0.37% |
| Return on Invested Capital (ROIC) | 8.98% | 9.81% | 3.38% | 4.63% | 8.81% | 1.11% |
| Return on Capital Employed (ROCE) | 9.90% | 11.30% | 8.50% | 6.30% | 7.80% | 0.70% |
| Earnings Yield | 8.00% | 7.22% | 2.40% | 3.45% | 5.32% | -12.91% |
| FCF Yield | 2.94% | 3.06% | 10.00% | 10.17% | 13.51% | 1.74% |
| Dividend Yield | 0.10% | 0.07% | 0.17% | 0.28% | 0.29% | 0.22% |
| Payout Ratio | 1.25% | 0.98% | 7.17% | 6.78% | 5.75% | |
| Buyback Yield / Dilution | -0.85% | -5.13% | -21.33% | -18.59% | -0.29% | -0.07% |
| Total Shareholder Return | -0.75% | -5.06% | -21.16% | -18.31% | 0.00% | 0.14% |