Fortuna Mining (FSM) Gross Margin (2011 - 2026)
Fortuna Mining (FSM) posted Gross Margin of 61.86% for Q1 2026, up 12.64% quarter-over-quarter from 54.91% in Q4 2025, and up 2066.0% year-on-year from 2.86% in Q1 2025.
Fortuna Mining (FSM) Gross Margin (2011 - 2026) Analysis & Trends
Fortuna Mining (FSM) has reported Gross Margin for 15 consecutive years, with 61.86% the latest figure, recorded in Q1 2026.
- Gross Margin for Q1 2026 came in at 61.86%, up 2066.0% year-over-year; the trailing twelve-month figure through Mar 2026 was 54.91% (up 1838.0% YoY), and the FY2025 annual result was 49.3%, up 1484.0% from the prior year.
- Gross Margin was 61.86% for Q1 2026 at Fortuna Mining, up from 54.91% in the prior quarter.
- Over five years, Gross Margin peaked at 99.92% in Q4 2022 and troughed at 14.84% in Q3 2022.
- Average Gross Margin over 5 years is 38.48%, with a median of 34.83% recorded in 2022.
- Year-over-year, Gross Margin surged 7060 bps in 2022 and slumped 8037 bps in 2023.
- Over 5 years, Gross Margin stood at 99.92% in 2022, then sank by 80 bps to 19.54% in 2023, then soared by 81 bps to 35.35% in 2024, then soared by 55 bps to 54.91% in 2025, then grew by 13 bps to 61.86% in 2026.
- Per Business Quant data, the three most recent Gross Margin figures were 61.86% in Q1 2026, 54.91% in Q4 2025, and 52.96% in Q3 2025.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Barrick Mining | 978.09 Bn | 980.39 Bn | 3.12 Bn | 59.77% |
| 2 | Trx Gold | 189.48 Bn | 189.48 Bn | 21.05 Mn | 61.79% |
| 3 | Newmont | 101.22 Bn | 92.61 Bn | 7.29 Bn | 99.74% |
| 4 | OR Royalties | 53.18 Bn | 53.08 Bn | 88.84 Mn | 86.39% |
| 5 | Wheaton Precious Metals | 50.59 Bn | 48.43 Bn | 699.37 Mn | 77.58% |
| 6 | Aura Minerals | 50.25 Bn | 50.25 Bn | 19.58 Mn | 54.68% |
| 7 | Franco Nevada | 40.21 Bn | 39.50 Bn | 526.30 Mn | 80.88% |
| 8 | Gold Fields | 30.19 Bn | 28.41 Bn | - | - |
| 9 | Kinross Gold | 28.01 Bn | 25.95 Bn | 1.44 Bn | 59.87% |
| 10 | Fortuna Mining | 2.55 Bn | 1.95 Bn | 211.84 Mn | 61.86% |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 61.86% |
| Dec 31, 2025 | 54.91% |
| Sep 30, 2025 | 52.96% |
| Jun 30, 2025 | 45.58% |
| 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 | 20.12% |
| Mar 31, 2023 | 23.02% |
| Dec 31, 2022 | 99.92% |
| Sep 30, 2022 | 14.84% |
| Jun 30, 2022 | 19.39% |
| Mar 31, 2022 | 34.83% |
| Dec 31, 2021 | 29.32% |
| Sep 30, 2021 | 29.12% |
| Jun 30, 2021 | 40.22% |