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| 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% |