Hecla Mining (HL) financial statements
Hecla Mining reported revenue of $1.4B in fiscal 2025, up 9.2% a year over 9 years.
Net income was $322M and the operating margin 36.2%, against 16.9% in 2016.
Free cash flow was $310M, and the company returned $10M in dividends and $885,000 in net buybacks.
The diluted share count rose 68% over the period (dilution).
Revenue and free cash flow
Fiscal years, $ billions.
Income statement
Fiscal years, from Hecla Mining's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $646M | $578M | $567M | $673M | $692M | $807M | $719M | $720M | $930M | $1.4B |
| Cost of revenue | $462M | $425M | $484M | $639M | $531M | $590M | $603M | $607M | $732M | $801M |
| Gross profit | $184M | $152M | $75M | $34M | $161M | $218M | $116M | $113M | $198M | $622M |
| Research and development | $243,000 | $3M | $5M | $535,000 | $0 | — | — | — | — | — |
| Selling, general and admin | $45M | $36M | $37M | $36M | $36M | $35M | $43M | $43M | $45M | $58M |
| Operating income | $109M | $60M | -$35M | -$47M | $67M | $83M | -$12M | -$45M | $106M | $515M |
| Interest expense | $22M | $38M | $41M | $48M | $50M | $42M | $43M | $43M | $50M | $42M |
| Pre-tax income | $90M | -$8M | -$29M | -$113M | -$1M | $6M | -$45M | -$83M | $66M | $479M |
| Income tax | $28M | $21M | -$2M | -$18M | -$8M | -$30M | -$8M | $1M | $30M | $157M |
| Net income | $62M | -$29M | -$27M | -$95M | -$9M | $35M | -$37M | -$84M | $36M | $322M |
| EPS (diluted) | $0.16 | -$0.07 | -$0.06 | -$0.19 | -$0.02 | $0.06 | -$0.07 | -$0.14 | $0.06 | $0.49 |
| Diluted shares | 389M | 397M | 433M | 490M | 527M | 542M | 557M | 606M | 623M | 656M |
| Gross margin | 28.5% | 26.4% | 13.2% | 5.0% | 23.3% | 27.0% | 16.2% | 15.7% | 21.3% | 43.7% |
| Operating margin | 16.9% | 10.4% | -6.2% | -6.9% | 9.7% | 10.3% | -1.7% | -6.2% | 11.4% | 36.2% |
| Net margin | 9.5% | -4.9% | -4.7% | -14.1% | -1.4% | 4.3% | -5.2% | -11.7% | 3.8% | 22.6% |
Balance sheet
Fiscal years, from Hecla Mining's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and short-term investments | $201M | $220M | $27M | $62M | $130M | $210M | $105M | $106M | $27M | $301M |
| Receivables | $20M | $15M | $4M | $12M | $28M | $36M | $45M | $19M | $32M | $170M |
| Inventory | — | — | — | $30M | $58M | — | $37M | $29M | $35M | $27M |
| Total current assets | $291M | $321M | $164M | $179M | $284M | $342M | $268M | $260M | $214M | $629M |
| Property, plant and equipment | $2.0B | $2.0B | $2.5B | $2.4B | $2.4B | $2.3B | $2.6B | $2.7B | $2.7B | $2.1B |
| Total assets | $2.4B | $2.3B | $2.7B | $2.7B | $2.7B | $2.7B | $2.9B | $3.0B | $3.0B | $3.6B |
| Total current liabilities | $126M | $112M | $136M | $117M | $147M | $160M | $178M | $157M | $198M | $232M |
| Long-term debt | $501M | $502M | $533M | $505M | — | — | — | — | — | — |
| Total liabilities | $892M | $884M | $1.0B | $964M | $986M | $968M | $948M | $1.0B | $942M | $969M |
| Shareholders' equity | $1.5B | $1.5B | $1.7B | $1.7B | $1.7B | $1.8B | $2.0B | $2.0B | $2.0B | $2.6B |
| Net debt | $329M | $316M | $505M | $442M | -$130M | -$210M | -$105M | -$106M | $7M | -$242M |
Cash flow
Fiscal years, from Hecla Mining's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $225M | $116M | $94M | $121M | $181M | $220M | $90M | $75M | $218M | $563M |
| Capital spending | $165M | $98M | $137M | $121M | $91M | $109M | $149M | $224M | $214M | $252M |
| Free cash flow | $61M | $18M | -$43M | -$555,000 | $90M | $111M | -$59M | -$148M | $4M | $310M |
| Stock-based compensation | $6M | $6M | $6M | $6M | $6M | $6M | $6M | $7M | $9M | $11M |
| Dividends paid | $4M | $4M | $4M | $5M | $9M | $21M | $13M | $16M | $25M | $10M |
| Share buybacks (net) | -$4M | -$3M | -$3M | -$2M | -$3M | -$5M | -$4M | -$2M | -$1M | -$885,000 |
| Net borrowing | -$3M | -$470,000 | -$4M | $0 | -$173,000 | $0 | $0 | $128M | -$105M | -$274M |
| Free cash flow margin | 9.4% | 3.1% | -7.5% | -0.1% | 13.0% | 13.8% | -8.3% | -20.6% | 0.4% | 21.8% |
| Dividends per share | $0.01 | $0.01 | $0.01 | $0.01 | $0.02 | $0.04 | $0.02 | $0.03 | $0.04 | $0.02 |
Questions
What was Hecla Mining's revenue in 2025?
$1.4B in fiscal 2025, from its 10-K filing.
How much free cash flow does Hecla Mining generate?
$310M in fiscal 2025 (operating cash flow minus capital spending).
From Hecla Mining's annual reports filed with the SEC (XBRL data), standardised by Investingly. Information only, not investment advice.