Hudbay Minerals (HBM) financial statements
Hudbay Minerals reported revenue of $2.2B in fiscal 2025, up 7.8% a year over 9 years.
Net income was $568M and the operating margin 41.5%, against 15.0% in 2016.
Free cash flow was $238M, and the company returned $6M in dividends.
The diluted share count rose 68% over the period (dilution).
Revenue and free cash flow
Fiscal years, $ billions.
Income statement
Fiscal years, from Hudbay Minerals's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $1.1B | $1.4B | $1.5B | $1.2B | $1.1B | $1.5B | $1.5B | $1.7B | $2.0B | $2.2B |
| Cost of revenue | $906M | $993M | $1.1B | $1.1B | $1.1B | $1.4B | $1.2B | $1.3B | $1.5B | $1.5B |
| Gross profit | $223M | $409M | $374M | $152M | $39M | $131M | $277M | $392M | $554M | $743M |
| Selling, general and admin | $38M | $42M | $27M | $36M | $41M | $43M | $34M | $39M | $57M | $95M |
| Operating income | $170M | $353M | $299M | -$289M | -$37M | $18M | $214M | $297M | $400M | $916M |
| Interest expense | $167M | $169M | $152M | $68M | $83M | $75M | $68M | $76M | $70M | $61M |
| Pre-tax income | $6M | $173M | $171M | -$453M | -$179M | -$203M | $96M | $152M | $252M | $912M |
| Income tax | $41M | $33M | $85M | -$109M | -$35M | $42M | $25M | $82M | $184M | $348M |
| Net income | -$35M | $140M | $85M | -$344M | -$145M | -$244M | $70M | $66M | $77M | $568M |
| EPS (diluted) | — | — | — | — | -$0.55 | -$0.93 | $0.27 | $0.22 | $0.20 | $1.44 |
| Diluted shares | 236M | 244M | 261M | 261M | 261M | 261M | 262M | 311M | 377M | 397M |
| Gross margin | 19.7% | 29.2% | 25.4% | 12.2% | 3.6% | 8.7% | 18.9% | 23.2% | 27.4% | 33.6% |
| Operating margin | 15.0% | 25.1% | 20.3% | -23.3% | -3.4% | 1.2% | 14.7% | 17.6% | 19.8% | 41.5% |
| Net margin | -3.1% | 10.0% | 5.8% | -27.8% | -13.2% | -16.3% | 4.8% | 3.9% | 3.8% | 25.7% |
Balance sheet
Fiscal years, from Hudbay Minerals's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and short-term investments | $147M | $356M | $515M | $396M | $439M | $271M | $226M | $250M | $542M | $569M |
| Receivables | $153M | $156M | $117M | $106M | $141M | $204M | $113M | $203M | $236M | $378M |
| Inventory | $112M | $142M | $118M | $139M | $143M | $158M | $155M | $207M | $197M | $199M |
| Total current assets | $437M | $666M | $772M | $663M | $756M | $657M | $524M | $673M | $1.0B | $1.2B |
| Property, plant and equipment | $3.9B | $4.0B | $3.8B | $3.7B | $3.7B | $3.7B | $3.6B | $4.3B | $4.2B | $4.7B |
| Goodwill | — | — | — | — | — | — | $0 | $75M | $69M | $73M |
| Total assets | $4.5B | $4.7B | $4.7B | $4.5B | $4.7B | $4.6B | $4.3B | $5.3B | $5.5B | $6.2B |
| Total current liabilities | $315M | $414M | $327M | $392M | $449M | $509M | $448M | $537M | $537M | $1.2B |
| Long-term debt | $1.2B | $980M | $981M | $985M | $1.1B | $1.2B | $1.2B | $1.3B | $1.1B | $536M |
| Total liabilities | $2.7B | $2.6B | $2.5B | $2.6B | $3.0B | $3.1B | $2.8B | $3.1B | $2.8B | $3.0B |
| Shareholders' equity | $1.8B | $2.1B | $2.2B | $1.8B | $1.7B | $1.5B | $1.6B | $2.1B | $2.6B | $3.2B |
| Net debt | $1.1B | $623M | $466M | $589M | $697M | $909M | $958M | $1.0B | $566M | -$32M |
Cash flow
Fiscal years, from Hudbay Minerals's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $475M | $540M | $480M | $311M | $239M | $385M | $488M | $477M | $666M | $707M |
| Capital spending | $193M | $250M | $191M | $259M | $361M | $352M | $309M | $281M | $349M | $470M |
| Free cash flow | $282M | $290M | $289M | $52M | -$122M | $33M | $179M | $196M | $317M | $238M |
| Stock-based compensation | $10M | $16M | -$2M | $3M | $15M | $12M | $2M | $7M | $19M | $61M |
| Dividends paid | $4M | $4M | $4M | $4M | $4M | $4M | $4M | $4M | $6M | $6M |
| Net borrowing | -$114M | -$256M | — | — | -$400M | -$8M | $0 | -$43M | -$200M | $0 |
| Free cash flow margin | 25.0% | 20.7% | 19.6% | 4.2% | -11.1% | 2.2% | 12.2% | 11.6% | 15.7% | 10.8% |
| Dividends per share | $0.02 | $0.02 | $0.02 | $0.02 | $0.01 | $0.02 | $0.02 | $0.01 | $0.01 | $0.01 |
Questions
What was Hudbay Minerals's revenue in 2025?
$2.2B in fiscal 2025, from its 10-K filing.
How much free cash flow does Hudbay Minerals generate?
$238M in fiscal 2025 (operating cash flow minus capital spending).
From Hudbay Minerals's annual reports filed with the SEC (XBRL data), standardised by Investingly. Information only, not investment advice.