McEwen (MUX) Operating Margin (2012 - 2026)
McEwen's Operating Margin came in at 13.01% for Q2 2026, up 20.23 percentage points from -7.23% a year earlier but down 42.69 percentage points from the prior quarter.
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Analysis
McEwen (MUX) Operating Margin (2012 - 2026) Analysis & Trends
Over the trailing twelve months to Jun 30, 2026, McEwen reported Operating Margin of 25.20%, up 40.46 percentage points year-over-year; for FY2025, it came in at 1.34%, up 30.33 percentage points from FY2024.
- Operating Margin carries a five-year change of +147.52 percentage points (FY2020 to FY2025).
- Going back by year, Operating Margin was -28.98% in FY2024 (+68.51 pp), -97.49% in FY2023 (-11.06 pp), -86.43% in FY2022 (-39.36 pp) and -47.08% in FY2021 (+99.10 pp).
- The five-year range for quarterly Operating Margin is -138.75% (Q4 2022) to 55.70% (Q1 2026).
- Year-over-year, Operating Margin has increased for three consecutive quarters, with an average year-over-year change of +40.59 percentage points over the last eight quarters.
- The fastest year-over-year change in Operating Margin over five years came in Q2 2024 (a gain of 95.68 percentage points), and the weakest in Q4 2022 (a drop of 74.36 percentage points).
- Business Quant data shows MUX's Operating Margin at 55.70% (Q1 2026), 34.20% (Q4 2025) and -16.68% (Q3 2025) in the three quarters before Q2 2026.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Operating Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Rio Tinto | 179.45 Bn | 145.58 Bn | - | - |
| 2 | Southern Copper | 169.08 Bn | 147.94 Bn | 2.90 Bn | 61.16% |
| 3 | Newmont | 122.31 Bn | 90.49 Bn | 4.03 Bn | 16.48% |
| 4 | Ternium | 109.20 Bn | 74.25 Bn | 941.02 Mn | 12.17% |
| 5 | Freeport-Mcmoran | 103.31 Bn | 99.46 Bn | 2.19 Bn | 28.50% |
| 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 | 51.63% |
| 8 | Nucor | 55.48 Bn | 46.02 Bn | 2.03 Bn | 15.67% |
| 9 | ArcelorMittal | 53.16 Bn | 34.19 Bn | - | 6.29% |
| 10 | McEwen | 1.11 Bn | 801.87 Mn | 20.08 Mn | 13.01% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 13.01% |
| Mar 31, 2026 | 55.70% |
| Dec 31, 2025 | 34.20% |
| Sep 30, 2025 | -16.68% |
| Jun 30, 2025 | -7.23% |
| Mar 31, 2025 | -21.40% |
| Dec 31, 2024 | -43.39% |
| Sep 30, 2024 | -0.19% |
| Jun 30, 2024 | -29.38% |
| Mar 31, 2024 | -53.32% |
| Dec 31, 2023 | -80.74% |
| Sep 30, 2023 | -75.10% |
| Jun 30, 2023 | -125.05% |
| Mar 31, 2023 | -123.25% |
| Dec 31, 2022 | -138.75% |
| Sep 30, 2022 | -59.94% |
| Jun 30, 2022 | -54.06% |
| Mar 31, 2022 | -94.39% |
| Dec 31, 2021 | -64.39% |
| Sep 30, 2021 | -46.96% |
API Access
McEwen 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=MUX&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "operating-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=operating-margin&ticker=MUX&period=max&api_key=YOUR_API_KEY");
const data = await res.json();