Hudbay Minerals (HBM) Research & Development (2009 - 2026)
Hudbay Minerals (HBM) reported Research & Development of $19.2 million for the quarter ended Jun 30, 2026, up 104.3% from $9.4 million a year earlier and up 18.5% from the prior quarter.
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Analysis
Hudbay Minerals (HBM) Research & Development (2009 - 2026) Analysis & Trends
Over the twelve months ended Jun 30, 2026, Hudbay Minerals' Research & Development came in at $58.4 million, up 23.5% year-over-year; for the year ended Dec 31, 2025, it came in at $46.3 million, up 8.7% from the prior year.
- Research & Development has a five-year compound annual growth rate of 21.9% (years ended Dec 2020 to Dec 2025).
- By year, Research & Development came in at $42.6 million in the year ended Dec 31, 2024 (+45.4%), $29.3 million in the year ended Dec 31, 2023 (-15.1%), $34.51 million in the year ended Dec 31, 2022 (-12.0%) and $39.22 million in the year ended Dec 31, 2021 (+128.1%).
- The figure for the quarter ended Jun 30, 2026 ranks as the highest quarterly Research & Development since the quarter ended Dec 31, 2010.
- Year over year, Research & Development has now increased in each of the last three quarters, with growth averaging 43.0% over the last eight quarters.
- The high point for year-over-year Research & Development in five years was the quarter ended Mar 31, 2022 (growth of 172.1%); the low point was the quarter ended Sep 30, 2022 (a decline of 74.5%).
- Per Business Quant data, the three quarters before the quarter ended Jun 30, 2026 came in at $16.2 million (quarter ended Mar 31, 2026), $12.5 million (quarter ended Dec 31, 2025) and $10.5 million (quarter ended Sep 30, 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | R&D (Qtr) |
|---|---|---|---|---|---|
| 1 | Rio Tinto | 179.45 Bn | 145.58 Bn | - | - |
| 2 | Southern Copper | 169.08 Bn | 147.94 Bn | 2.90 Bn | 14.90 Mn |
| 3 | Newmont | 122.31 Bn | 90.49 Bn | 4.03 Bn | 47.00 Mn |
| 4 | Ternium | 109.20 Bn | 74.25 Bn | 941.02 Mn | - |
| 5 | Freeport-Mcmoran | 103.31 Bn | 99.46 Bn | 2.19 Bn | 53.00 Mn |
| 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 | 134.00 Mn |
| 8 | Nucor | 55.48 Bn | 46.02 Bn | 2.03 Bn | - |
| 9 | ArcelorMittal | 53.16 Bn | 34.19 Bn | - | - |
| 10 | Hudbay Minerals | 10.63 Bn | 7.95 Bn | 269.00 Mn | 19.20 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 19.20 Mn |
| Mar 31, 2026 | 16.20 Mn |
| Dec 31, 2025 | 12.50 Mn |
| Sep 30, 2025 | 10.50 Mn |
| Jun 30, 2025 | 9.40 Mn |
| Mar 31, 2025 | 13.90 Mn |
| Dec 31, 2024 | 11.80 Mn |
| Sep 30, 2024 | 12.20 Mn |
| Jun 30, 2024 | 6.00 Mn |
| Mar 31, 2024 | 12.60 Mn |
| Dec 31, 2023 | 10.99 Mn |
| Sep 30, 2023 | 4.75 Mn |
| Jun 30, 2023 | 5.32 Mn |
| Mar 31, 2023 | 8.24 Mn |
| Dec 31, 2022 | 5.12 Mn |
| Sep 30, 2022 | 1.77 Mn |
| Jun 30, 2022 | 8.99 Mn |
| Mar 31, 2022 | 18.63 Mn |
| Dec 31, 2021 | 12.94 Mn |
| Sep 30, 2021 | 6.93 Mn |
API Access
Hudbay Minerals Research & Development 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=research-and-development&ticker=HBM&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "research-and-development", "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=research-and-development&ticker=HBM&period=max&api_key=YOUR_API_KEY");
const data = await res.json();