Hudbay Minerals (HBM) Net Margin (2009 - 2026)
Hudbay Minerals (HBM) posted quarterly Net Margin of 21.76% for Q2 2026, down 18.0% year-over-year from 26.54% in Q2 2025, and down 13.43% quarter-over-quarter from 25.14% in Q1 2026.
Hudbay Minerals (HBM) Net Margin (2009 - 2026) Analysis & Trends
Hudbay Minerals (HBM) has reported Net Margin for 18 consecutive years, with 21.76% the latest figure, recorded in Q2 2026.
- In Q2 2026, Net Margin fell 18.0% year-over-year to 21.76%; the TTM figure through Jun 2026 stood at 27.48% (up 1435.0% YoY), while the FY2025 annual figure was 25.71%, up 2192.0% from the prior year.
- Net Margin slipped to 21.76% in Q2 2026 per HBM's latest filing, from 25.14% in the prior quarter.
- Across five years, Net Margin topped out at 64.13% in Q3 2025 and bottomed at 5.43% in Q4 2022.
- Historically, Net Margin has averaged 12.63% across 5 years, with a median of 8.6% in 2022.
- Annual changes were most pronounced in 2022 — Net Margin plunged 4982 bps — and 2025, when it soared 5390 bps.
- Hudbay Minerals' Net Margin stood at 5.43% in 2022, then surged by 194 bps to 5.11% in 2023, then decreased by 29 bps to 3.62% in 2024, then jumped by 382 bps to 17.46% in 2025, then climbed by 25 bps to 21.76% in 2026.
- Business Quant data shows HBM's Net Margin at 21.76% in Q2 2026, 25.14% in Q1 2026, and 17.46% in Q4 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Net Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Southern Copper | 161.14 Bn | 153.81 Bn | 2.90 Bn | 38.94% |
| 2 | Freeport-Mcmoran | 99.11 Bn | 95.03 Bn | 2.19 Bn | 19.72% |
| 3 | Hudbay Minerals | 11.04 Bn | 9.99 Bn | 269.00 Mn | 21.76% |
| 4 | Ero Copper | 3.76 Bn | 3.67 Bn | 105.91 Mn | 60.86% |
| 5 | Trekor Metals | 3.20 Bn | 3.08 Bn | 83.54 Mn | 68.97% |
| 6 | Ivanhoe Electric | 1.76 Bn | 1.50 Bn | 368,000.00 | -3,499.86% |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 21.76% |
| Mar 31, 2026 | 25.14% |
| Dec 31, 2025 | 17.46% |
| Sep 30, 2025 | 64.13% |
| Jun 30, 2025 | 21.94% |
| Mar 31, 2025 | 16.88% |
| Dec 31, 2024 | 3.62% |
| Sep 30, 2024 | 10.23% |
| Jun 30, 2024 | 3.88% |
| Mar 31, 2024 | 4.25% |
| Dec 31, 2023 | 5.11% |
| Sep 30, 2023 | 9.47% |
| Jun 30, 2023 | 4.78% |
| Mar 31, 2023 | 1.85% |
| Dec 31, 2022 | -5.43% |
| Sep 30, 2022 | -2.35% |
| Jun 30, 2022 | 7.74% |
| Mar 31, 2022 | 16.85% |
| Dec 31, 2021 | 2.46% |
| Sep 30, 2021 | 47.47% |