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
DateValue
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%