Fortuna Mining (FSM) Operating Margin (2010 - 2026)
Fortuna Mining's Operating Margin came in at 57.62% for the quarter ended Jun 30, 2026, up 12.04 percentage points from 45.58% a year earlier but down 4.24 percentage points from the prior quarter.
Fortuna Mining (FSM) Operating Margin (2010 - 2026) Analysis & Trends
Over the trailing twelve months to Jun 30, 2026, Fortuna Mining reported Operating Margin of 59.05%, up 19.36 percentage points year-over-year; for the year ended Dec 31, 2025, it came in at 49.30%, up 14.84 percentage points from the prior year.
- Operating Margin carries a five-year change of +9.79 percentage points (years ended Dec 2020 to Dec 2025).
- Going back by year, Operating Margin was 34.46% in the year ended Dec 31, 2024 (+34.51 pp), -0.05% in the year ended Dec 31, 2023 (-21.59 pp), 21.54% in the year ended Dec 31, 2022 (-12.71 pp) and 34.25% in the year ended Dec 31, 2021 (-5.26 pp).
- The five-year range for quarterly Operating Margin is 14.18% (the quarter ended Dec 31, 2021) to 61.86% (the quarter ended Mar 31, 2026).
- Year-over-year, Operating Margin has increased for 13 consecutive quarters, with an average year-over-year change of +14.91 percentage points over the last eight quarters.
- The fastest year-over-year change in Operating Margin over five years came in the quarter ended Sep 30, 2025 (a gain of 26.23 percentage points), and the weakest in the quarter ended Sep 30, 2021 (a drop of 21.27 percentage points).
- Business Quant data shows FSM's Operating Margin at 61.86% (quarter ended Mar 31, 2026), 54.91% (quarter ended Dec 31, 2025) and 61.50% (quarter ended Sep 30, 2025) in the three quarters before the quarter ended Jun 30, 2026.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Operating Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Rio Tinto | 182.38 Bn | 151.41 Bn | - | - |
| 2 | Southern Copper | 167.30 Bn | 146.09 Bn | 2.90 Bn | 61.16% |
| 3 | Rio Tinto | 143.04 Bn | 103.54 Bn | - | - |
| 4 | Newmont | 124.35 Bn | 92.35 Bn | 4.03 Bn | 16.48% |
| 5 | Freeport-Mcmoran | 99.09 Bn | 83.13 Bn | 2.19 Bn | 28.50% |
| 6 | Agnico Eagle Mines | 93.47 Bn | 83.11 Bn | 2.43 Bn | 60.65% |
| 7 | Barrick Mining | 69.01 Bn | 44.20 Bn | 2.90 Bn | 51.63% |
| 8 | Nucor | 59.68 Bn | 49.06 Bn | 2.03 Bn | 15.67% |
| 9 | ArcelorMittal | 48.25 Bn | 27.28 Bn | - | 6.29% |
| 10 | Fortuna Mining | 3.18 Bn | 915.79 Mn | 183.46 Mn | 49.28% |
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 49.28% |
| 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 | -29.17% |
| Sep 30, 2023 | 18.67% |
| Jun 30, 2023 | 4.86% |
| Mar 31, 2023 | 13.60% |
| Dec 31, 2022 | -105.10% |
| Sep 30, 2022 | 3.42% |
| Jun 30, 2022 | 7.80% |
| Mar 31, 2022 | 22.33% |
| Dec 31, 2021 | 19.56% |
| Sep 30, 2021 | 13.41% |
Fortuna Mining Operating Margin API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=operating-margin&ticker=FSM&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "operating-margin", "ticker": "FSM", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=operating-margin&ticker=FSM&period=max&api_key=YOUR_API_KEY");
const data = await res.json();