Fortuna Mining Financials
This page shows Fortuna Mining (FSM) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 9 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).
Financial Health Signals
Based on FY2024 annual data. Scores normalized against common benchmarks. How we calculate these scores
Fortuna Mining's revenue surged 26.1% year-over-year to $1.1B, reflecting rapid business expansion. This strong growth earns a score of 77/100.
Fortuna Mining carries a low D/E ratio of 0.03, meaning only $0.03 of long-term debt for every $1 of shareholders' equity. This conservative leverage earns a score of 100/100, indicating a strong balance sheet with room for future borrowing.
Fortuna Mining's current ratio of 1.90 indicates adequate short-term liquidity, earning a score of 34/100. The company can meet its near-term obligations, though with limited headroom.
Fortuna Mining's ROE of 9.7% shows moderate profitability relative to equity, earning a score of 33/100. This is up from -3.4% the prior year.
Fortuna Mining passes 7 of 9 financial strength tests. All 4 profitability signals pass (positive income, cash flow, and earnings quality), 2 of 3 leverage/liquidity signals pass, both operating efficiency signals pass.
For every $1 of reported earnings, Fortuna Mining generates $2.58 in operating cash flow ($365.7M OCF vs $141.9M net income). This indicates profits are well-supported by actual cash generation, not accounting adjustments.
Key Financial Metrics
Earnings & Revenue
Fortuna Mining generated $1.1B in revenue in fiscal year 2024. This represents an increase of 26.1% from the prior year.
Fortuna Mining reported $141.9M in net income in fiscal year 2024. This represents an increase of 425.2% from the prior year.
Cash & Balance Sheet
Fortuna Mining held $231.3M in cash against $48.2M in long-term debt as of fiscal year 2024.
Fortuna Mining had 307M shares outstanding in fiscal year 2024. This represents an increase of 0.0% from the prior year.
Margins & Returns
Fortuna Mining's net profit margin was 13.4% in fiscal year 2024, showing the share of revenue converted to profit. This is up 18.5 percentage points from the prior year.
Fortuna Mining's ROE was 9.7% in fiscal year 2024, measuring profit generated per dollar of shareholder equity. This is up 13.1 percentage points from the prior year.
Capital Allocation
FSM Income Statement
| Metric | Q4'24 | Q4'23 | Q4'22 | Q4'21 | Q4'20 | Q4'19 | Q4'18 | Q4'17 |
|---|---|---|---|---|---|---|---|---|
| Revenue | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Cost of Revenue | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Gross Profit | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| R&D Expenses | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| SG&A Expenses | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Operating Income | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Interest Expense | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Income Tax | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Net Income | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| EPS (Diluted) | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
FSM Balance Sheet
| Metric | Q4'24 | Q4'23 | Q4'22 | Q4'21 | Q4'20 | Q4'19 | Q4'18 | Q4'17 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $2.1B+7.5% | $2.0B+4.9% | $1.9B-7.2% | $2.0B+91.6% | $1.1B+12.7% | $936.1M+19.0% | $786.5M+11.3% | $706.6M |
| Current Assets | $486.2M+45.9% | $333.3M+31.9% | $252.7M-10.1% | $281.1M+13.3% | $248.1M+62.5% | $152.6M-30.3% | $218.9M-19.6% | $272.5M |
| Cash & Equivalents | $231.3M+80.5% | $128.1M+59.2% | $80.5M-24.8% | $107.1M-18.8% | $131.9M+58.1% | $83.4M-7.8% | $90.5M-50.6% | $183.1M |
| Inventory | $134.5M+16.1% | $115.8M+25.9% | $92.0M+7.2% | $85.8M+143.3% | $35.3M+135.6% | $15.0M+4.1% | $14.4M-19.0% | $17.8M |
| Accounts Receivable | $100.0M+43.8% | $69.5M+2.0% | $68.2M-10.9% | $76.5M-0.1% | $76.6M+60.5% | $47.7M+45.6% | $32.8M-9.9% | $36.4M |
| Goodwill | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Total Liabilities | $649.5M-4.5% | $679.7M+15.7% | $587.5M-0.8% | $592.4M+79.7% | $329.6M+9.6% | $300.6M+63.6% | $183.7M+28.4% | $143.1M |
| Current Liabilities | $256.0M+5.0% | $243.8M+80.5% | $135.1M-19.0% | $166.8M+72.9% | $96.4M+7.4% | $89.8M+46.4% | $61.3M+1.2% | $60.6M |
| Long-Term Debt | $48.2M+13.6% | $42.5M+255.9% | $11.9M-36.8% | $18.9M+50.8% | $12.5M-16.8% | $15.0M+51.0% | $10.0M | N/A |
| Total Equity | $1.5B+13.8% | $1.3B0.0% | $1.3B-9.9% | $1.4B+97.0% | $725.8M+14.2% | $635.4M+5.4% | $602.8M+7.0% | $563.6M |
| Retained Earnings | $216.4M+146.9% | $87.6M-36.7% | $138.5M-48.1% | $266.6M+27.7% | $208.7M+11.5% | $187.2M+14.6% | $163.4M+26.3% | $129.4M |
FSM Cash Flow Statement
| Metric | Q4'24 | Q4'23 | Q4'22 | Q4'21 | Q4'20 | Q4'19 | Q4'18 | Q4'17 |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Capital Expenditures | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Free Cash Flow | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Investing Cash Flow | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Financing Cash Flow | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Dividends Paid | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Share Buybacks | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
FSM Financial Ratios
| Metric | Q4'24 | Q4'23 | Q4'22 | Q4'21 | Q4'20 | Q4'19 | Q4'18 | Q4'17 |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Operating Margin | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Net Margin | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Return on Equity | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Return on Assets | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Current Ratio | 1.90+0.5 | 1.37-0.5 | 1.87+0.2 | 1.69-0.9 | 2.57+0.9 | 1.70-1.9 | 3.57-0.9 | 4.50 |
| Debt-to-Equity | 0.030.0 | 0.03+0.0 | 0.010.0 | 0.010.0 | 0.020.0 | 0.020.0 | 0.02-0.2 | 0.25 |
| FCF Margin | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
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Frequently Asked Questions
What is Fortuna Mining's annual revenue?
Fortuna Mining (FSM) reported $1.1B in total revenue for fiscal year 2024. This represents a 26.1% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.
How fast is Fortuna Mining's revenue growing?
Fortuna Mining (FSM) revenue grew by 26.1% year-over-year, from $842.4M to $1.1B in fiscal year 2024.
Is Fortuna Mining profitable?
Yes, Fortuna Mining (FSM) reported a net income of $141.9M in fiscal year 2024, with a net profit margin of 13.4%.
How much debt does Fortuna Mining have?
As of fiscal year 2024, Fortuna Mining (FSM) had $231.3M in cash and equivalents against $48.2M in long-term debt.
What is Fortuna Mining's net profit margin?
Fortuna Mining (FSM) had a net profit margin of 13.4% in fiscal year 2024, representing the share of revenue converted into profit after all expenses.
What is Fortuna Mining's return on equity (ROE)?
Fortuna Mining (FSM) has a return on equity of 9.7% for fiscal year 2024, measuring how efficiently the company generates profit from shareholder equity.
What is Fortuna Mining's operating cash flow?
Fortuna Mining (FSM) generated $365.7M in operating cash flow during fiscal year 2024, representing cash generated from core business activities.
What are Fortuna Mining's total assets?
Fortuna Mining (FSM) had $2.1B in total assets as of fiscal year 2024, including both current and long-term assets.
What is Fortuna Mining's current ratio?
Fortuna Mining (FSM) had a current ratio of 1.90 as of fiscal year 2024, which is generally considered healthy.
What is Fortuna Mining's debt-to-equity ratio?
Fortuna Mining (FSM) had a debt-to-equity ratio of 0.03 as of fiscal year 2024, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is Fortuna Mining's return on assets (ROA)?
Fortuna Mining (FSM) had a return on assets of 6.7% for fiscal year 2024, measuring how efficiently the company uses its assets to generate profit.
What is Fortuna Mining's Piotroski F-Score?
Fortuna Mining (FSM) has a Piotroski F-Score of 7 out of 9, indicating strong financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7–9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Are Fortuna Mining's earnings high quality?
Fortuna Mining (FSM) has an earnings quality ratio of 2.58x, considered cash-backed (high quality). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.
How financially healthy is Fortuna Mining?
Fortuna Mining (FSM) scores 61 out of 100 on our Financial Profile, indicating moderate overall financial health. This composite score evaluates six dimensions: profitability (operating margin), revenue growth, leverage (debt-to-equity), liquidity (current ratio), cash flow quality (free cash flow margin), and shareholder returns (return on equity). Each dimension is normalized against standard financial benchmarks. Learn more in our complete guide to financial health indicators.