McEwen (MUX) Gross Margin (2012 - 2026)
McEwen (MUX) recorded Gross Margin of 33.90% in Q2 2026, up 7.60 percentage points from 26.30% a year earlier but down 8.63 percentage points from the prior quarter.
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Analysis
McEwen (MUX) Gross Margin (2012 - 2026) Analysis & Trends
On a TTM basis, McEwen's Gross Margin came in at 30.91% as of Jun 30, 2026, up 9.19 percentage points year-over-year; for FY2025, it came in at 24.08%, up 6.35 percentage points from FY2024.
- Annual Gross Margin has increased for five straight years, with a five-year change of +49.79 percentage points (FY2020 to FY2025).
- Across earlier years, Gross Margin came in at 17.73% in FY2024 (+7.03 pp), 10.70% in FY2023 (+11.19 pp), -0.49% in FY2022 (+4.25 pp) and -4.75% in FY2021 (+20.97 pp).
- Quarterly Gross Margin has ranged from -23.47% in Q1 2022 to 42.53% in Q1 2026 over the past five years.
- On a year-over-year basis, Gross Margin has increased for three consecutive quarters, with an average year-over-year change of +6.20 percentage points over the last eight quarters.
- Peak year-over-year performance for Gross Margin in the last five years was a gain of 36.25 percentage points in Q1 2023, against a drop of 23.90 percentage points in Q2 2023 at the low end.
- Per Business Quant, the preceding three quarters came in at 42.53% (Q1 2026), 26.92% (Q4 2025) and 15.47% (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Rio Tinto | 181.90 Bn | 148.03 Bn | - | - |
| 2 | Southern Copper | 169.19 Bn | 148.06 Bn | 2.90 Bn | 67.60% |
| 3 | Newmont | 121.55 Bn | 89.73 Bn | 4.03 Bn | 65.87% |
| 4 | Ternium | 108.92 Bn | 73.97 Bn | 941.02 Mn | 21.68% |
| 5 | Freeport-Mcmoran | 100.46 Bn | 96.62 Bn | 2.19 Bn | 31.10% |
| 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 | 54.74% |
| 8 | Nucor | 53.04 Bn | 43.58 Bn | 2.03 Bn | 19.56% |
| 9 | ArcelorMittal | 50.74 Bn | 31.77 Bn | - | - |
| 10 | McEwen | 1.10 Bn | 785.92 Mn | 20.08 Mn | 33.90% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 33.90% |
| Mar 31, 2026 | 42.53% |
| Dec 31, 2025 | 26.92% |
| Sep 30, 2025 | 15.47% |
| Jun 30, 2025 | 26.30% |
| Mar 31, 2025 | 28.21% |
| Dec 31, 2024 | 1.08% |
| Sep 30, 2024 | 26.42% |
| Jun 30, 2024 | 22.66% |
| Mar 31, 2024 | 14.58% |
| Dec 31, 2023 | 22.24% |
| Sep 30, 2023 | 9.78% |
| Jun 30, 2023 | -10.08% |
| Mar 31, 2023 | 12.78% |
| Dec 31, 2022 | -1.02% |
| Sep 30, 2022 | 5.78% |
| Jun 30, 2022 | 13.82% |
| Mar 31, 2022 | -23.47% |
| Dec 31, 2021 | -16.86% |
| Sep 30, 2021 | 0.93% |
API Access
McEwen Gross 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=gross-margin&ticker=MUX&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "gross-margin", "ticker": "MUX", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=gross-margin&ticker=MUX&period=max&api_key=YOUR_API_KEY");
const data = await res.json();