Hudbay Minerals (HBM) Gross Margin (2010 - 2026)
Hudbay Minerals (HBM) reported Gross Margin of 42.61% for the quarter ended Jun 30, 2026, up 9.71 percentage points from 32.90% a year earlier but down 5.98 percentage points from the prior quarter.
Hudbay Minerals (HBM) Gross Margin (2010 - 2026) Analysis & Trends
Over the twelve months ended Jun 30, 2026, Hudbay Minerals' Gross Margin came in at 39.40%, up 6.15 percentage points year-over-year; for the year ended Dec 31, 2025, it came in at 33.61%, up 6.21 percentage points from the prior year.
- Gross Margin has increased for five consecutive years, with a five-year change of +30.04 percentage points (years ended Dec 2020 to Dec 2025).
- By year, Gross Margin came in at 27.40% in the year ended Dec 31, 2024 (+4.17 pp), 23.22% in the year ended Dec 31, 2023 (+4.28 pp), 18.95% in the year ended Dec 31, 2022 (+10.22 pp) and 8.72% in the year ended Dec 31, 2021 (+5.15 pp).
- Five-year quarterly Gross Margin spans a low of -23.80% in the quarter ended Sep 30, 2021 and a high of 48.59% in the quarter ended Mar 31, 2026.
- Year over year, Gross Margin has now increased in each of the last three quarters, with an average year-over-year change of +5.61 percentage points over the last eight quarters.
- The high point for year-over-year Gross Margin in five years was the quarter ended Sep 30, 2022 (a gain of 33.16 percentage points); the low point was the quarter ended Sep 30, 2021 (a drop of 36.22 percentage points).
- Per Business Quant data, the three quarters before the quarter ended Jun 30, 2026 came in at 48.59% (quarter ended Mar 31, 2026), 36.85% (quarter ended Dec 31, 2025) and 18.83% (quarter ended Sep 30, 2025).
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Rio Tinto | 179.45 Bn | 145.58 Bn | - | - |
| 2 | Southern Copper | 169.08 Bn | 147.94 Bn | 2.90 Bn | 67.60% |
| 3 | Newmont | 122.31 Bn | 90.49 Bn | 4.03 Bn | 65.87% |
| 4 | Ternium | 109.20 Bn | 74.25 Bn | 941.02 Mn | 21.68% |
| 5 | Freeport-Mcmoran | 103.31 Bn | 99.46 Bn | 2.19 Bn | 31.10% |
| 6 | Agnico Eagle Mines | 92.04 Bn | 92.04 Bn | 2.43 Bn | - |
| 7 | Barrick Mining | 68.84 Bn | 53.58 Bn | 2.90 Bn | 54.74% |
| 8 | Nucor | 55.48 Bn | 46.02 Bn | 2.03 Bn | 19.56% |
| 9 | ArcelorMittal | 53.16 Bn | 34.19 Bn | - | - |
| 10 | Hudbay Minerals | 10.63 Bn | 7.95 Bn | 269.00 Mn | 42.61% |
Historic 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% |
Hudbay Minerals Gross 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=gross-margin&ticker=HBM&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "gross-margin", "ticker": "HBM", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=gross-margin&ticker=HBM&period=max&api_key=YOUR_API_KEY");
const data = await res.json();