Fortuna Mining (FSM) Gross Margin (2010 - 2026)

Fortuna Mining (FSM) reported Gross Margin of 61.86% for Q1 2026, up 2066.0% on a YoY basis from 2.86% in Q1 2025, and up 12.64% quarter-over-quarter from 54.91% in Q4 2025.

Fortuna Mining (FSM) Gross Margin (2010 - 2026) Analysis & Trends

Fortuna Mining has reported Gross Margin for 16 years, with the latest figure at 61.86% in Q1 2026.

  • For the quarter ending Q1 2026, Gross Margin rose 2066.0% year-over-year to 61.86%; the trailing twelve-month figure through Mar 2026 stood at 54.91% (up 1838.0% YoY), and the FY2025 full-year result was 49.3%, up 1484.0% from the prior year.
  • Gross Margin for Q1 2026 stood at 61.86%, up from 54.91% in the prior quarter.
  • The five-year high for Gross Margin was 99.92% in Q4 2022, with the low at 14.84% in Q3 2022.
  • Historically, Gross Margin has averaged 38.48% across 5 years, with a median of 34.83% in 2022.
  • Annual changes were most pronounced in 2022 — Gross Margin soared 7060 bps — and 2023, when it plunged 8037 bps.
  • Fortuna Mining's Gross Margin stood at 99.92% in 2022, then slumped 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 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.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Gross Margin (Qtr)
1 Seabridge Gold 2,186.27 Bn 2,186.17 Bn - -
2 Barrick Mining 996.87 Bn 999.60 Bn 3.12 Bn 59.77%
3 Wheaton Precious Metals 410.57 Bn 409.42 Bn 699.37 Mn 77.58%
4 Alamos Gold 136.28 Bn 135.62 Bn 442.20 Mn 74.11%
5 Gold Fields 128.61 Bn 126.83 Bn - -
6 Kinross Gold 103.07 Bn 100.89 Bn 1.44 Bn 59.87%
7 Newmont 100.59 Bn 91.98 Bn 7.29 Bn 99.74%
8 Equinox Gold 47.64 Bn 47.14 Bn - -
9 AngloGold Ashanti 44.52 Bn 41.55 Bn 1.94 Bn 60.04%
10 Fortuna Mining 2.48 Mn -578.43 Mn 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%