Fortuna Mining (FSM) Operating Margin (2010 - 2026)
Fortuna Mining (FSM) reported Operating Margin of 52.59% for Q1 2026, up 2391.0% on a YoY basis from 2.11% in Q1 2025, and up 24.53% quarter-over-quarter from 42.23% in Q4 2025.
Fortuna Mining (FSM) Operating Margin (2010 - 2026) Analysis & Trends
Fortuna Mining has reported Operating Margin for 16 years, with the latest figure at 52.59% in Q1 2026.
- For the quarter ending Q1 2026, Operating Margin rose 2391.0% year-over-year to 52.59%; the trailing twelve-month figure through Mar 2026 stood at 42.26% (up 1710.0% YoY), and the FY2025 full-year result was 43.12%, up 2007.0% from the prior year.
- Operating Margin for Q1 2026 stood at 52.59%, up from 42.23% in the prior quarter.
- The five-year high for Operating Margin was 61.5% in Q3 2025, with the low at 29.16% in Q4 2023.
- Historically, Operating Margin has averaged 21.05% across 5 years, with a median of 22.33% in 2022.
- Annual changes were most pronounced in 2023 — Operating Margin sank 2906 bps — and 2024, when it jumped 5259 bps.
- Fortuna Mining's Operating Margin stood at 0.11% in 2022, then tumbled by 27652 bps to 29.16% in 2023, then jumped by 180 bps to 23.43% in 2024, then surged by 80 bps to 42.23% in 2025, then rose by 25 bps to 52.59% in 2026.
- The last three Operating Margin figures came in at 52.59% (Q1 2026), 42.23% (Q4 2025), and 61.5% (Q3 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Operating 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 | 58.20% |
| 3 | Wheaton Precious Metals | 410.57 Bn | 409.42 Bn | 699.37 Mn | 74.85% |
| 4 | Alamos Gold | 136.28 Bn | 135.62 Bn | 442.20 Mn | 57.78% |
| 5 | Gold Fields | 128.61 Bn | 126.83 Bn | - | - |
| 6 | Kinross Gold | 103.07 Bn | 100.89 Bn | 1.44 Bn | 55.58% |
| 7 | Newmont | 100.59 Bn | 91.98 Bn | 7.29 Bn | 60.86% |
| 8 | Equinox Gold | 47.64 Bn | 47.14 Bn | - | - |
| 9 | AngloGold Ashanti | 44.52 Bn | 41.55 Bn | 1.94 Bn | 29.17% |
| 10 | Fortuna Mining | 2.48 Mn | -578.43 Mn | 211.84 Mn | 52.59% |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 52.59% |
| Dec 31, 2025 | 42.23% |
| Sep 30, 2025 | 61.50% |
| Jun 30, 2025 | 36.34% |
| Mar 31, 2025 | 28.68% |
| Dec 31, 2024 | 23.43% |
| Sep 30, 2024 | 27.95% |
| Jun 30, 2024 | 19.68% |
| Mar 31, 2024 | 24.05% |
| Dec 31, 2023 | -29.16% |
| Sep 30, 2023 | 18.67% |
| Jun 30, 2023 | 4.88% |
| Mar 31, 2023 | 13.59% |
| Dec 31, 2022 | -0.11% |
| Sep 30, 2022 | 3.42% |
| Jun 30, 2022 | 7.83% |
| Mar 31, 2022 | 22.33% |
| Dec 31, 2021 | 19.56% |
| Sep 30, 2021 | 13.39% |
| Jun 30, 2021 | 29.76% |