Fortuna Mining (FSM) Gross Margin (2010 - 2026)
Fortuna Mining's Gross Margin was 57.62% in the quarter ended Jun 30, 2026, up 12.04 percentage points from 45.58% a year earlier but down 4.24 percentage points from the prior quarter.
Fortuna Mining (FSM) Gross Margin (2010 - 2026) Analysis & Trends
On a trailing twelve-month basis, Fortuna Mining's Gross Margin was 57.24% through Jun 30, 2026, up 17.55 percentage points year-over-year; for the year ended Dec 31, 2025, it was 49.30%, up 14.84 percentage points from the prior year.
- Gross Margin has now increased for three consecutive years, with a five-year change of +9.79 percentage points (years ended Dec 2020 to Dec 2025).
- In earlier years, Gross Margin was 34.46% in the year ended Dec 31, 2024 (+11.90 pp), 22.56% in the year ended Dec 31, 2023 (+1.02 pp), 21.54% in the year ended Dec 31, 2022 (-12.71 pp) and 34.25% in the year ended Dec 31, 2021 (-5.26 pp).
- Quarterly Gross Margin has moved between -84091.64% (the quarter ended Dec 31, 2022) and 61.86% (the quarter ended Mar 31, 2026) over five years.
- Compared with a year earlier, Gross Margin has increased for 13 straight quarters, with an average year-over-year change of +14.05 percentage points over the last eight quarters.
- The best year-over-year quarter for Gross Margin over five years was the quarter ended Dec 31, 2023 (a gain of 84111.19 percentage points); the worst was the quarter ended Dec 31, 2022 (a drop of 84120.96 percentage points).
- Per Business Quant data, FSM's Gross Margin in the three quarters before the quarter ended Jun 30, 2026 was 61.86% (quarter ended Mar 31, 2026), 54.91% (quarter ended Dec 31, 2025) and 52.96% (quarter ended Sep 30, 2025).
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Rio Tinto | 182.38 Bn | 151.41 Bn | - | - |
| 2 | Southern Copper | 167.30 Bn | 146.09 Bn | 2.90 Bn | 67.60% |
| 3 | Rio Tinto | 143.04 Bn | 103.54 Bn | - | - |
| 4 | Newmont | 124.35 Bn | 92.35 Bn | 4.03 Bn | 65.87% |
| 5 | Freeport-Mcmoran | 99.09 Bn | 83.13 Bn | 2.19 Bn | 31.10% |
| 6 | Agnico Eagle Mines | 93.47 Bn | 83.11 Bn | 2.43 Bn | 63.79% |
| 7 | Barrick Mining | 69.01 Bn | 44.20 Bn | 2.90 Bn | 54.74% |
| 8 | Nucor | 59.68 Bn | 49.06 Bn | 2.03 Bn | 19.56% |
| 9 | ArcelorMittal | 48.25 Bn | 27.28 Bn | - | - |
| 10 | Fortuna Mining | 3.18 Bn | 915.79 Mn | 183.46 Mn | 57.62% |
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 57.62% |
| Mar 31, 2026 | 61.86% |
| Dec 31, 2025 | 54.91% |
| Sep 30, 2025 | 52.96% |
| Jun 30, 2025 | -0.05% |
| Mar 31, 2025 | 41.19% |
| Dec 31, 2024 | 35.35% |
| Sep 30, 2024 | 35.27% |
| Jun 30, 2024 | 33.66% |
| Mar 31, 2024 | 34.64% |
| Dec 31, 2023 | 19.54% |
| Sep 30, 2023 | 27.10% |
| Jun 30, 2023 | 20.11% |
| Mar 31, 2023 | 23.04% |
| Dec 31, 2022 | -84,103.40% |
| Sep 30, 2022 | 14.85% |
| Jun 30, 2022 | 19.40% |
| Mar 31, 2022 | 34.82% |
| Dec 31, 2021 | 29.32% |
| Sep 30, 2021 | 29.14% |
Fortuna Mining Gross Margin API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=gross-margin&ticker=FSM&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "gross-margin", "ticker": "FSM", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=gross-margin&ticker=FSM&period=max&api_key=YOUR_API_KEY");
const data = await res.json();