Hudbay Minerals (HBM) Gross Margin (2010 - 2026)
Hudbay Minerals (HBM) reported Gross Margin of 48.59% for Q1 2026, up 971.0% year-over-year from 4.54% in Q1 2025, and up 31.86% quarter-over-quarter from 36.85% in Q4 2025.
Hudbay Minerals (HBM) Gross Margin (2010 - 2026) Analysis & Trends
Hudbay Minerals (HBM) has 17 years of Gross Margin data on file, last reported at 48.59% in Q1 2026.
- Gross Margin for Q1 2026 came in at 48.59%, up 971.0% year-over-year; the trailing twelve-month figure through Mar 2026 was 37.07% (up 680.0% YoY), and the FY2025 annual result was 33.61%, up 621.0% from the prior year.
- Gross Margin climbed to 48.59% in Q1 2026 per HBM's latest filing, from 36.85% in the prior quarter.
- Over five years, Gross Margin peaked at 48.59% in Q1 2026 and troughed at 7.33% in Q2 2023.
- A 5-year average of 26.08% and a median of 22.53% in 2023 frame the typical range for Gross Margin.
- The sharpest annual moves came in 2022 and 2023: Gross Margin surged 3316 bps in 2022, then slumped 1421 bps in 2023.
- A 5-year view of Gross Margin shows it stood at 21.69% in 2022, then surged by 51 bps to 32.66% in 2023, then retreated by 3 bps to 31.53% in 2024, then climbed by 17 bps to 36.85% in 2025, then surged by 32 bps to 48.59% in 2026.
- Business Quant data shows HBM's Gross Margin at 48.59% in Q1 2026, 36.85% in Q4 2025, and 18.83% in Q3 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Southern Copper | 142.13 Bn | 136.85 Bn | 2.75 Bn | 64.75% |
| 2 | Freeport-Mcmoran | 91.19 Bn | 99.46 Bn | 6.22 Bn | 99.73% |
| 3 | Hudbay Minerals | 10.19 Bn | 9.65 Bn | 368.00 Mn | 48.59% |
| 4 | Ero Copper | 2.69 Bn | 2.58 Bn | 105.91 Mn | 40.25% |
| 5 | Ivanhoe Electric | 1.75 Bn | 1.46 Bn | 505,000.00 | 58.86% |
| 6 | Taseko Mines | 3.95 Mn | -119.02 Mn | 83.54 Mn | 48.32% |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 48.59% |
| Dec 31, 2025 | 36.85% |
| Sep 30, 2025 | 18.83% |
| Jun 30, 2025 | 32.90% |
| Mar 31, 2025 | 38.88% |
| Dec 31, 2024 | 31.53% |
| Sep 30, 2024 | 28.78% |
| Jun 30, 2024 | 18.24% |
| Mar 31, 2024 | 28.95% |
| Dec 31, 2023 | 32.66% |
| Sep 30, 2023 | 22.15% |
| Jun 30, 2023 | 7.33% |
| Mar 31, 2023 | 22.53% |
| Dec 31, 2022 | 21.69% |
| Sep 30, 2022 | 9.37% |
| Jun 30, 2022 | 21.55% |
| Mar 31, 2022 | 22.52% |
| Dec 31, 2021 | 19.23% |
| Sep 30, 2021 | -23.80% |
| Jun 30, 2021 | 20.33% |