Hudbay Minerals (HBM) Gross Margin (2010 - 2026)
Hudbay Minerals (HBM) posted quarterly Gross Margin of 42.61% for Q2 2026, up 971.0% year-over-year from 3.98% in Q2 2025, and down 12.31% quarter-over-quarter from 48.59% in Q1 2026.
Hudbay Minerals (HBM) Gross Margin (2010 - 2026) Analysis & Trends
Hudbay Minerals (HBM) has reported Gross Margin for 17 consecutive years, with 42.61% the latest figure, recorded in Q2 2026.
- In Q2 2026, Gross Margin rose 971.0% year-over-year to 42.61%; the TTM figure through Jun 2026 stood at 39.4% (up 615.0% YoY), while the FY2025 annual figure was 33.61%, up 621.0% from the prior year.
- Gross Margin eased to 42.61% in Q2 2026 per HBM's latest filing, from 48.59% in the prior quarter.
- Across five years, Gross Margin topped out at 48.59% in Q1 2026 and bottomed at 7.33% in Q2 2023.
- Historically, Gross Margin has averaged 27.0% across 5 years, with a median of 25.65% in 2024.
- Annual changes were most pronounced in 2022 — Gross Margin surged 3316 bps — and 2023, when it slumped 1421 bps.
- Hudbay Minerals' Gross Margin stood at 21.69% in 2022, then soared by 51 bps to 32.66% in 2023, then decreased by 3 bps to 31.53% in 2024, then grew by 17 bps to 36.85% in 2025, then rose by 16 bps to 42.61% in 2026.
- Business Quant data shows HBM's Gross Margin at 42.61% in Q2 2026, 48.59% in Q1 2026, and 36.85% in Q4 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Southern Copper | 161.41 Bn | 154.08 Bn | 2.90 Bn | 67.60% |
| 2 | Freeport-Mcmoran | 98.98 Bn | 94.90 Bn | 2.19 Bn | 31.10% |
| 3 | Hudbay Minerals | 11.08 Bn | 10.04 Bn | 269.00 Mn | 42.61% |
| 4 | Ero Copper | 3.78 Bn | 3.69 Bn | 105.91 Mn | 40.25% |
| 5 | Trekor Metals | 3.21 Bn | 3.09 Bn | 83.54 Mn | 48.32% |
| 6 | Ivanhoe Electric | 1.76 Bn | 1.50 Bn | 368,000.00 | 50.83% |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 42.61% |
| 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% |