Hudbay Minerals (HBM) Operating Margin (2010 - 2026)
Hudbay Minerals (HBM) posted quarterly Operating Margin of 34.8% for Q2 2026, up 626.0% year-over-year from 4.79% in Q2 2025, and down 13.65% quarter-over-quarter from 40.3% in Q1 2026.
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Analysis
Hudbay Minerals (HBM) Operating Margin (2010 - 2026) Analysis & Trends
Hudbay Minerals (HBM) has reported Operating Margin for 17 consecutive years, with 34.8% the latest figure, recorded in Q2 2026.
- In Q2 2026, Operating Margin rose 626.0% year-over-year to 34.8%; the TTM figure through Jun 2026 stood at 44.67% (up 1821.0% YoY), while the FY2025 annual figure was 41.45%, up 2165.0% from the prior year.
- Operating Margin slipped to 34.8% in Q2 2026 per HBM's latest filing, from 40.3% in the prior quarter.
- Across five years, Operating Margin topped out at 96.66% in Q3 2025 and bottomed at 73038.06% in Q2 2023.
- Historically, Operating Margin has averaged 4032.0% across 5 years, with a median of 22.68% in 2024.
- Annual changes were most pronounced in 2023 — Operating Margin plunged 7304912 bps — and 2024, when it jumped 7304857 bps.
- Hudbay Minerals' Operating Margin stood at 6.99% in 2022, then soared by 209 bps to 21.56% in 2023, then climbed by 9 bps to 23.61% in 2024, then surged by 40 bps to 33.09% in 2025, then gained by 5 bps to 34.8% in 2026.
- Business Quant data shows HBM's Operating Margin at 34.8% in Q2 2026, 40.3% in Q1 2026, and 33.09% in Q4 2025.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Operating Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Southern Copper | 171.53 Bn | 164.20 Bn | 2.90 Bn | 61.16% |
| 2 | Freeport-Mcmoran | 107.72 Bn | 103.64 Bn | 2.19 Bn | 28.50% |
| 3 | Trekor Metals | 55.35 Bn | 55.21 Bn | 111.31 Mn | 47.81% |
| 4 | Hudbay Minerals | 11.11 Bn | 10.07 Bn | 269.00 Mn | 34.80% |
| 5 | Ero Copper | 3.72 Bn | 3.62 Bn | 121.42 Mn | 47.11% |
| 6 | Ivanhoe Electric | 1.64 Bn | 1.64 Bn | 368,000.00 | -2,966.85% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 34.80% |
| Mar 31, 2026 | 40.30% |
| Dec 31, 2025 | 33.09% |
| Sep 30, 2025 | 96.66% |
| Jun 30, 2025 | 28.54% |
| Mar 31, 2025 | 31.22% |
| Dec 31, 2024 | 23.61% |
| Sep 30, 2024 | 21.76% |
| Jun 30, 2024 | 10.51% |
| Mar 31, 2024 | 21.30% |
| Dec 31, 2023 | 21.56% |
| Sep 30, 2023 | 23.95% |
| Jun 30, 2023 | -73,038.06% |
| Mar 31, 2023 | 17.75% |
| Dec 31, 2022 | 6.99% |
| Sep 30, 2022 | 5.87% |
| Jun 30, 2022 | 11.06% |
| Mar 31, 2022 | 33.17% |
| Dec 31, 2021 | 9.05% |
| Sep 30, 2021 | -32.77% |