Hudbay Minerals (HBM) Operating Margin (2010 - 2026)

Hudbay Minerals (HBM) reported Operating Margin of 40.3% for Q1 2026, up 909.0% year-over-year from 3.99% in Q1 2025, and up 21.8% quarter-over-quarter from 33.09% in Q4 2025.

Hudbay Minerals (HBM) Operating Margin (2010 - 2026) Analysis & Trends

Hudbay Minerals (HBM) has 17 years of Operating Margin data on file, last reported at 40.3% in Q1 2026.

  • Operating Margin for Q1 2026 came in at 40.3%, up 909.0% year-over-year; the trailing twelve-month figure through Mar 2026 was 43.65% (up 2097.0% YoY), and the FY2025 annual result was 41.45%, up 2165.0% from the prior year.
  • Operating Margin grew to 40.3% in Q1 2026 per HBM's latest filing, from 33.09% in the prior quarter.
  • Over five years, Operating Margin peaked at 96.66% in Q3 2025 and troughed at 73038.06% in Q2 2023.
  • A 5-year average of 4271.22% and a median of 21.76% in 2024 frame the typical range for Operating Margin.
  • The sharpest annual moves came in 2023 and 2024: Operating Margin plunged 7304912 bps in 2023, then jumped 7304857 bps in 2024.
  • A 5-year view of Operating Margin shows it stood at 6.99% in 2022, then surged by 209 bps to 21.56% in 2023, then advanced by 9 bps to 23.61% in 2024, then jumped by 40 bps to 33.09% in 2025, then increased by 22 bps to 40.3% in 2026.
  • Business Quant data shows HBM's Operating Margin at 40.3% in Q1 2026, 33.09% in Q4 2025, and 96.66% in Q3 2025.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Operating Margin (Qtr)
1 Southern Copper 142.13 Bn 136.85 Bn 2.75 Bn 58.34%
2 Freeport-Mcmoran 91.19 Bn 99.46 Bn 6.22 Bn 34.28%
3 Hudbay Minerals 10.19 Bn 9.65 Bn 368.00 Mn 40.30%
4 Ero Copper 2.69 Bn 2.58 Bn 105.91 Mn 35.04%
5 Ivanhoe Electric 1.75 Bn 1.46 Bn 505,000.00 11,276.92%
6 Taseko Mines 3.95 Mn -119.02 Mn 83.54 Mn 50.26%

Historic Data

Download Data
DateValue
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%
Jun 30, 2021 14.48%