Fortuna Mining (FSM) Gross Margin (2010 - 2026)
Fortuna Mining's (FSM) quarterly Gross Margin came in at 61.86% in Q1 2026, up 2066.0% YoY from 2.86% in Q1 2025, and up 12.64% on a QoQ basis from 54.91% in Q4 2025.
Fortuna Mining (FSM) Gross Margin (2010 - 2026) Analysis & Trends
Fortuna Mining (FSM) has 17 years of Gross Margin data on file, last reported at 61.86% in Q1 2026.
- Quarterly Gross Margin rose 2066.0% year-over-year to 61.86% in Q1 2026, while the trailing twelve-month figure through Mar 2026 was 54.91% (down 3909.0% YoY) and the FY2025 annual result came in at 49.3%, up 1484.0% from the prior year.
- Gross Margin advanced to 61.86% in Q1 2026, from 54.91% in the prior quarter.
- In the past five years, Gross Margin ranged from a high of 249.75% in Q4 2024 to a low of 14.84% in Q3 2022.
- A 5-year average of 64.54% and a median of 35.27% in 2024 frame the typical range for Gross Margin.
- Annual changes were most pronounced in 2023 — Gross Margin soared 14817 bps — and 2025, when it tumbled 19484 bps.
- Tracing FSM's Gross Margin over 5 years: stood at 99.92% in 2022, then surged by 148 bps to 248.09% in 2023, then climbed by 1 bps to 249.75% in 2024, then tumbled by 78 bps to 54.91% in 2025, then gained by 13 bps to 61.86% in 2026.
- The last three Gross Margin figures came in at 61.86% (Q1 2026), 54.91% (Q4 2025), and 52.96% (Q3 2025), per Business Quant data.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Newmont | 139.75 Bn | 130.74 Bn | 4.03 Bn | 65.87% |
| 2 | Agnico Eagle Mines | 108.53 Bn | 105.06 Bn | 2.43 Bn | 63.79% |
| 3 | Barrick Mining | 79.16 Bn | 73.23 Bn | 2.90 Bn | 54.74% |
| 4 | Wheaton Precious Metals | 71.62 Bn | 71.52 Bn | 687.86 Mn | 74.03% |
| 5 | AngloGold Ashanti | 61.49 Bn | 58.66 Bn | 1.70 Bn | 54.86% |
| 6 | Gold Fields | 42.76 Bn | 40.98 Bn | - | - |
| 7 | Pan American Silver | 22.27 Bn | 20.71 Bn | 457,000.00 | 40.66% |
| 8 | Royal Gold | 21.96 Bn | 21.78 Bn | 390.45 Mn | 86.66% |
| 9 | Coeur Mining | 21.73 Bn | 20.68 Bn | 535.85 Mn | 49.36% |
| 10 | Fortuna Mining | 3.65 Bn | 3.03 Bn | 183.46 Mn | 57.62% |
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 | 249.75% |
| Sep 30, 2024 | 35.27% |
| Jun 30, 2024 | 33.66% |
| Mar 31, 2024 | 34.64% |
| Dec 31, 2023 | 248.09% |
| 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 | 34.82% |
| Dec 31, 2021 | 29.32% |
| Sep 30, 2021 | 29.14% |
| Jun 30, 2021 | 40.22% |