Hecla Mining (HL) Operating Margin (2009 - 2026)
Hecla Mining's (HL) quarterly Operating Margin came in at 54.23% in Q1 2026, up 3114.0% YoY from 1.69% in Q1 2025, and up 10.43% on a QoQ basis from 49.1% in Q4 2025.
Hecla Mining (HL) Operating Margin (2009 - 2026) Analysis & Trends
Hecla Mining (HL) has 18 years of Operating Margin data on file, last reported at 54.23% in Q1 2026.
- Quarterly Operating Margin rose 3114.0% year-over-year to 54.23% in Q1 2026, while the trailing twelve-month figure through Mar 2026 was 43.58% (up 2786.0% YoY) and the FY2025 annual result came in at 36.18%, up 2475.0% from the prior year.
- Operating Margin advanced to 54.23% in Q1 2026, from 49.1% in the prior quarter.
- In the past five years, Operating Margin ranged from a high of 54.23% in Q1 2026 to a low of 26.38% in Q4 2023.
- A 5-year average of 11.71% and a median of 7.91% in 2022 frame the typical range for Operating Margin.
- Annual changes were most pronounced in 2023 — Operating Margin slumped 2153 bps — and 2024, when it jumped 4166 bps.
- Tracing HL's Operating Margin over 5 years: stood at 4.85% in 2022, then slumped by 444 bps to 26.38% in 2023, then jumped by 158 bps to 15.28% in 2024, then soared by 221 bps to 49.1% in 2025, then advanced by 10 bps to 54.23% in 2026.
- The last three Operating Margin figures came in at 54.23% (Q1 2026), 49.1% (Q4 2025), and 36.3% (Q3 2025), per Business Quant data.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Operating Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Hecla Mining | 13.96 Bn | 13.48 Bn | 332.52 Mn | 43.64% |
| 2 | Buenaventura Mining | 8.67 Bn | 7.66 Bn | - | - |
| 3 | Triple Flag Precious Metals | 6.87 Bn | 6.85 Bn | 88.25 Mn | 65.28% |
| 4 | Perpetua Resources | 3.14 Bn | 3.14 Bn | - | - |
| 5 | Elemental Royalty | 1.40 Bn | 1.34 Bn | 15.71 Mn | 27.30% |
| 6 | Solaris Resources | 1.36 Bn | 1.30 Bn | - | - |
| 7 | McEwen | 1.22 Bn | 1.13 Bn | 20.08 Mn | 13.01% |
| 8 | Versamet Royalties | 1.13 Bn | 1.13 Bn | 13.99 Mn | 89.44% |
| 9 | Metalla Royalty & Streaming | 1.05 Bn | 1.04 Bn | 4.75 Mn | - |
| 10 | Integra Resources | 548.73 Mn | 442.10 Mn | 24.85 Mn | 26.57% |
Historic Data
Download 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 | 30.84% |
| 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% |