Hecla Mining (HL) Operating Margin (2015 - 2026)
Hecla Mining (HL) recorded Operating Margin of 43.64% in Q2 2026, up 17.17 percentage points from 26.47% a year earlier but down 10.59 percentage points from the prior quarter.
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Analysis
Hecla Mining (HL) Operating Margin (2015 - 2026) Analysis & Trends
On a TTM basis, Hecla Mining's Operating Margin came in at 46.01% as of Jun 30, 2026, up 27.95 percentage points year-over-year; for FY2025, it came in at 36.18%, up 24.75 percentage points from FY2024.
- Annual Operating Margin has a five-year change of +26.50 percentage points (FY2020 to FY2025).
- Across earlier years, Operating Margin came in at 11.43% in FY2024 (+17.63 pp), -6.20% in FY2023 (-4.47 pp), -1.73% in FY2022 (-12.06 pp) and 10.33% in FY2021 (+0.65 pp).
- Quarterly Operating Margin has ranged from -26.38% in Q4 2023 to 54.23% in Q1 2026 over the past five years.
- On a year-over-year basis, Operating Margin has increased for nine consecutive quarters, with an average year-over-year change of +24.68 percentage points over the last eight quarters.
- Peak year-over-year performance for Operating Margin in the last five years was a gain of 41.66 percentage points in Q4 2024, against a drop of 22.71 percentage points in Q3 2021 at the low end.
- Per Business Quant, the preceding three quarters came in at 54.23% (Q1 2026), 49.10% (Q4 2025) and 36.30% (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Operating Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Rio Tinto | 181.90 Bn | 148.03 Bn | - | - |
| 2 | Southern Copper | 169.19 Bn | 148.06 Bn | 2.90 Bn | 61.16% |
| 3 | Newmont | 121.55 Bn | 89.73 Bn | 4.03 Bn | 16.48% |
| 4 | Ternium | 108.92 Bn | 73.97 Bn | 941.02 Mn | 12.17% |
| 5 | Freeport-Mcmoran | 100.46 Bn | 96.62 Bn | 2.19 Bn | 28.50% |
| 6 | Agnico Eagle Mines | 91.62 Bn | 91.62 Bn | 2.43 Bn | - |
| 7 | Barrick Mining | 68.12 Bn | 52.86 Bn | 2.90 Bn | 51.63% |
| 8 | Nucor | 53.04 Bn | 43.58 Bn | 2.03 Bn | 15.67% |
| 9 | ArcelorMittal | 50.74 Bn | 31.77 Bn | - | 6.29% |
| 10 | Hecla Mining | 11.43 Bn | 9.91 Bn | - | 43.64% |
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% |
API Access
Hecla Mining Operating Margin 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=operating-margin&ticker=HL&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "operating-margin", "ticker": "HL", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=operating-margin&ticker=HL&period=max&api_key=YOUR_API_KEY");
const data = await res.json();