Hecla Mining (HL) Operating Margin (2009 - 2026)
Hecla Mining's (HL) quarterly Operating Margin came in at 43.64% in Q2 2026, up 1717.0% on a YoY basis from 2.4% in Q2 2025, and down 19.52% quarter-over-quarter from 54.23% in Q1 2026.
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Hecla Mining (HL) Operating Margin (2009 - 2026) Analysis & Trends
Hecla Mining (HL) has reported Operating Margin for 18 consecutive years, with 43.64% the latest figure, recorded in Q2 2026.
- For the quarter ending Q2 2026, Operating Margin rose 1717.0% year-over-year to 43.64%; the trailing twelve-month figure through Jun 2026 stood at 46.01% (up 2795.0% YoY), and the FY2025 full-year result was 36.18%, up 2475.0% from the prior year.
- Operating Margin fell to 43.64% in Q2 2026 per HL's latest filing, from 54.23% in the prior quarter.
- Across five years, Operating Margin topped out at 54.23% in Q1 2026 and bottomed at 26.38% in Q4 2023.
- Historically, Operating Margin has averaged 13.24% across 5 years, with a median of 8.54% in 2024.
- The sharpest annual moves came in 2023 and 2024: Operating Margin tumbled 2153 bps in 2023, then surged 4166 bps in 2024.
- Over 5 years, Operating Margin stood at 4.85% in 2022, then plunged by 444 bps to 26.38% in 2023, then soared by 158 bps to 15.28% in 2024, then surged by 221 bps to 49.1% in 2025, then fell by 11 bps to 43.64% in 2026.
- According to Business Quant data, Operating Margin over the past three periods registered 43.64%, 54.23%, and 49.1% for Q2 2026, Q1 2026, and Q4 2025 respectively.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Operating Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Coeur Mining | 21.86 Bn | 20.80 Bn | 535.85 Mn | 19.94% |
| 2 | Pan American Silver | 21.66 Bn | 20.09 Bn | 457,000.00 | 44.22% |
| 3 | Hecla Mining | 13.89 Bn | 13.40 Bn | 332.52 Mn | 43.64% |
| 4 | First Majestic Silver | 10.30 Bn | 9.46 Bn | 223.62 Mn | 47.54% |
| 5 | Endeavour Silver | 2.92 Bn | 2.68 Bn | 74.00 Mn | 30.50% |
| 6 | Silvercorp Metals | 2.75 Bn | 2.56 Bn | 104.04 Mn | 61.12% |
| 7 | Americas Gold & Silver | 1.72 Bn | 1.63 Bn | 22.23 Mn | 67.53% |
| 8 | Vizsla Silver | 1.41 Bn | 1.41 Bn | - | - |
| 9 | New Pacific Metals | 1.06 Bn | 1.06 Bn | - | - |
| 10 | Santacruz Silver Mining | 918.47 Mn | 851.45 Mn | 51.14 Mn | 70.07% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 43.64% |
| Mar 31, 2026 | 54.23% |
| Dec 31, 2025 | 49.10% |
| Sep 30, 2025 | 36.30% |
| Jun 30, 2025 | 26.47% |
| Mar 31, 2025 | 23.09% |
| Dec 31, 2024 | 15.28% |
| Sep 30, 2024 | 9.17% |
| Jun 30, 2024 | 16.53% |
| Mar 31, 2024 | 2.67% |
| Dec 31, 2023 | -26.38% |
| Sep 30, 2023 | -6.95% |
| Jun 30, 2023 | 2.70% |
| Mar 31, 2023 | 2.78% |
| Dec 31, 2022 | -4.85% |
| Sep 30, 2022 | -17.40% |
| Jun 30, 2022 | 4.03% |
| Mar 31, 2022 | 7.91% |
| Dec 31, 2021 | 11.79% |
| Sep 30, 2021 | -4.43% |