This page shows Hecla Mining Co (HL) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 17 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 FY2025 annual data. Scores normalized against common benchmarks. How we calculate these scores
Hecla Mining Co has an operating margin of 36.2%, meaning the company retains $36 of operating profit per $100 of revenue. This strong profitability earns a score of 100/100, reflecting efficient cost management and pricing power. This is up from 11.4% the prior year.
Hecla Mining Co's revenue surged 53.0% year-over-year to $1.4B, reflecting rapid business expansion. This strong growth earns a score of 100/100.
Hecla Mining Co carries a low D/E ratio of 0.37, meaning only $0.37 of long-term debt for every $1 of shareholders' equity. This conservative leverage earns a score of 94/100, indicating a strong balance sheet with room for future borrowing.
Hecla Mining Co's current ratio of 2.72 indicates adequate short-term liquidity, earning a score of 51/100. The company can meet its near-term obligations, though with limited headroom.
Hecla Mining Co converts 21.8% of revenue into free cash flow ($310.2M). This strong cash generation earns a score of 80/100.
Hecla Mining Co's ROE of 12.4% shows moderate profitability relative to equity, earning a score of 39/100. This is up from 1.8% the prior year.
Hecla Mining Co scores 8.90, well above the 2.99 safe threshold. The score is driven primarily by a large market capitalization ($12.9B) relative to total liabilities ($969.0M). This indicates low bankruptcy risk based on profitability, leverage, and asset efficiency.
Hecla Mining Co passes 7 of 9 financial strength tests. All 4 profitability signals pass (positive income, cash flow, and earnings quality), 1 of 3 leverage/liquidity signals pass, both operating efficiency signals pass.
For every $1 of reported earnings, Hecla Mining Co generates $1.75 in operating cash flow ($562.6M OCF vs $321.7M net income). This indicates profits are well-supported by actual cash generation, not accounting adjustments.
Hecla Mining Co earns $12.4 in operating income for every $1 of interest expense ($514.8M vs $41.6M). This wide margin provides strong safety for debt servicing, even if earnings decline temporarily.
Key Financial Metrics
Earnings & Revenue
Hecla Mining Co generated $1.4B in revenue in fiscal year 2025. This represents an increase of 53.0% from the prior year.
Hecla Mining Co's EBITDA was $680.4M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 129.3% from the prior year.
Hecla Mining Co reported $321.7M in net income in fiscal year 2025. This represents an increase of 798.6% from the prior year.
Hecla Mining Co earned $0.49 per diluted share (EPS) in fiscal year 2025. This represents an increase of 716.7% from the prior year.
Cash & Balance Sheet
Hecla Mining Co generated $310.2M in free cash flow in fiscal year 2025, representing cash available after capex. This represents an increase of 8096.8% from the prior year.
Hecla Mining Co held $241.6M in cash against $0 in long-term debt as of fiscal year 2025.
Hecla Mining Co paid $0.01 per share in dividends in fiscal year 2025. This represents an increase of 0.0% from the prior year.
Hecla Mining Co had 670M shares outstanding in fiscal year 2025. This represents an increase of 6.1% from the prior year.
Margins & Returns
Hecla Mining Co's gross margin was 43.7% in fiscal year 2025, indicating the percentage of revenue retained after direct costs. This is up 22.4 percentage points from the prior year.
Hecla Mining Co's operating margin was 36.2% in fiscal year 2025, reflecting core business profitability. This is up 24.8 percentage points from the prior year.
Hecla Mining Co's net profit margin was 22.6% in fiscal year 2025, showing the share of revenue converted to profit. This is up 18.8 percentage points from the prior year.
Hecla Mining Co's ROE was 12.4% in fiscal year 2025, measuring profit generated per dollar of shareholder equity. This is up 10.7 percentage points from the prior year.
Capital Allocation
Hecla Mining Co spent $885K on share buybacks in fiscal year 2025, returning capital to shareholders by reducing shares outstanding. This represents a decrease of 26.1% from the prior year.
Hecla Mining Co invested $252.4M in capex in fiscal year 2025, funding long-term assets and infrastructure. This represents an increase of 17.7% from the prior year.
HL Income Statement
| Metric | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $448.1M+9.4% | $409.5M+34.7% | $304.0M+16.3% | $261.3M+4.7% | $249.7M+1.9% | $245.1M-0.2% | $245.7M+29.6% | $189.5M |
| Cost of Revenue | $199.9M-12.7% | $229.1M+24.2% | $184.5M-1.5% | $187.3M+3.3% | $181.3M-2.4% | $185.8M-4.3% | $194.2M+14.0% | $170.4M |
| Gross Profit | $248.2M+37.5% | $180.5M+51.0% | $119.5M+61.5% | $74.0M+8.3% | $68.3M+15.3% | $59.3M+15.3% | $51.4M+168.4% | $19.2M |
| R&D Expenses | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| SG&A Expenses | $19.2M+38.5% | $13.9M+10.6% | $12.5M+4.5% | $12.0M+32.6% | $9.0M-13.0% | $10.4M-29.4% | $14.7M+31.4% | $11.2M |
| Operating Income | $220.0M+48.0% | $148.6M+58.5% | $93.8M+79.1% | $52.4M+37.3% | $38.1M+69.7% | $22.5M-44.6% | $40.6M+701.7% | $5.1M |
| Interest Expense | -$77.6M-679.2% | $13.4M+20.8% | $11.1M-3.9% | $11.6M+113.4% | -$85.9M-887.9% | $10.9M-12.8% | $12.5M-1.1% | $12.6M |
| Income Tax | $53.9M-1.8% | $54.9M+68.5% | $32.6M+101.7% | $16.1M+100.1% | $8.1M-29.5% | $11.4M+26.1% | $9.1M+400.3% | $1.8M |
| Net Income | $134.4M+33.4% | $100.7M+74.6% | $57.7M+99.9% | $28.9M+142.1% | $11.9M+577.1% | $1.8M-93.7% | $27.9M+584.4% | -$5.8M |
| EPS (Diluted) | N/A | $0.15+66.7% | $0.09+80.0% | $0.05 | N/A | $0.00 | $0.04+500.0% | $-0.01 |
HL Balance Sheet
| Metric | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $3.6B+10.5% | $3.2B-2.6% | $3.3B+9.5% | $3.0B+1.4% | $3.0B+0.9% | $3.0B+0.5% | $2.9B-1.8% | $3.0B |
| Current Assets | $629.3M+62.4% | $387.5M-24.7% | $514.9M+109.0% | $246.3M+15.0% | $214.2M+4.0% | $206.0M+2.9% | $200.2M-21.6% | $255.3M |
| Cash & Equivalents | $241.6M+80.4% | $133.9M-54.8% | $296.6M+1153.0% | $23.7M-11.9% | $26.9M+20.6% | $22.3M-9.4% | $24.6M-69.3% | $80.2M |
| Inventory | $38.1M-5.6% | $40.4M-30.6% | $58.2M+28.8% | $45.2M+29.3% | $35.0M+0.4% | $34.8M-22.3% | $44.8M+19.7% | $37.4M |
| Accounts Receivable | $170.2M+65.8% | $102.7M+114.0% | $48.0M-19.4% | $59.5M+89.0% | $31.5M-22.6% | $40.7M+34.6% | $30.2M-0.9% | $30.5M |
| Goodwill | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Total Liabilities | $969.0M+25.5% | $772.2M-22.7% | $999.3M+5.2% | $949.6M+0.9% | $941.5M+2.6% | $917.4M-4.4% | $959.7M-7.3% | $1.0B |
| Current Liabilities | $231.6M+28.7% | $180.0M-6.7% | $193.0M+11.7% | $172.7M-12.7% | $197.8M+4.9% | $188.6M+21.2% | $155.5M+1.9% | $152.6M |
| Long-Term Debt | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Total Equity | $2.6B+5.8% | $2.4B+6.0% | $2.3B+11.4% | $2.1B+1.7% | $2.0B+0.1% | $2.0B+2.9% | $2.0B+1.1% | $2.0B |
| Retained Earnings | -$182.1M+42.0% | -$313.9M+23.8% | -$412.0M+11.8% | -$467.2M+5.3% | -$493.5M+0.6% | -$496.7M-1.4% | -$489.7M+4.6% | -$513.6M |
HL Cash Flow Statement
| Metric | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $217.1M+46.6% | $148.0M-8.5% | $161.8M+352.7% | $35.7M-47.0% | $67.5M+22.7% | $55.0M-30.1% | $78.7M+360.9% | $17.1M |
| Capital Expenditures | $82.3M+42.2% | $57.9M-0.2% | $58.0M+7.3% | $54.1M-11.0% | $60.8M+9.1% | $55.7M+10.5% | $50.4M+5.9% | $47.6M |
| Free Cash Flow | $134.7M+49.4% | $90.1M-13.1% | $103.8M+665.2% | -$18.4M-374.6% | $6.7M+1069.0% | -$690K-102.4% | $28.3M+192.8% | -$30.5M |
| Investing Cash Flow | -$104.9M-83.0% | -$57.3M-5.6% | -$54.3M-0.4% | -$54.0M+10.8% | -$60.6M-9.1% | -$55.5M-12.7% | -$49.3M-3.6% | -$47.5M |
| Financing Cash Flow | -$4.8M+98.1% | -$253.2M-253.7% | $164.8M+984.1% | $15.2M+1139.1% | -$1.5M+47.1% | -$2.8M+96.7% | -$84.5M-1831.3% | $4.9M |
| Dividends Paid | $2.7M+1.7% | $2.7M+5.6% | $2.5M0.0% | $2.5M-70.9% | $8.6M-0.7% | $8.7M+117.4% | $4.0M+0.2% | $4.0M |
| Share Buybacks | $0 | $0-100.0% | $885K | $0 | $0 | $0 | $0-100.0% | $1.2M |
HL Financial Ratios
| Metric | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | 55.4%+11.3pp | 44.1%+4.8pp | 39.3%+11.0pp | 28.3%+1.0pp | 27.4%+3.2pp | 24.2%+3.3pp | 20.9%+10.8pp | 10.1% |
| Operating Margin | 49.1%+12.8pp | 36.3%+5.5pp | 30.8%+10.8pp | 20.0%+4.8pp | 15.3%+6.1pp | 9.2%-7.4pp | 16.5%+13.9pp | 2.7% |
| Net Margin | 30.0%+5.4pp | 24.6%+5.6pp | 19.0%+7.9pp | 11.1%+6.3pp | 4.8%+4.1pp | 0.7%-10.6pp | 11.3%+14.4pp | -3.0% |
| Return on Equity | 5.2%+1.1pp | 4.1%+1.6pp | 2.5%+1.1pp | 1.4%+0.8pp | 0.6%+0.5pp | 0.1%-1.3pp | 1.4%+1.7pp | -0.3% |
| Return on Assets | 3.8%+0.6pp | 3.1%+1.4pp | 1.7%+0.8pp | 0.9%+0.5pp | 0.4%+0.3pp | 0.1%-0.9pp | 0.9%+1.1pp | -0.2% |
| Current Ratio | 2.72+0.6 | 2.15-0.5 | 2.67+1.2 | 1.43+0.3 | 1.080.0 | 1.09-0.2 | 1.29-0.4 | 1.67 |
| Debt-to-Equity | 0.37+0.1 | 0.32-0.1 | 0.43-0.0 | 0.460.0 | 0.46+0.0 | 0.45-0.0 | 0.48-0.0 | 0.53 |
| FCF Margin | 30.1%+8.0pp | 22.0%-12.1pp | 34.1%+41.1pp | -7.0%-9.7pp | 2.7%+3.0pp | -0.3%-11.8pp | 11.5%+27.6pp | -16.1% |
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Frequently Asked Questions
What is Hecla Mining Co's annual revenue?
Hecla Mining Co (HL) reported $1.4B in total revenue for fiscal year 2025. This represents a 53.0% 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 Hecla Mining Co's revenue growing?
Hecla Mining Co (HL) revenue grew by 53% year-over-year, from $929.9M to $1.4B in fiscal year 2025.
Is Hecla Mining Co profitable?
Yes, Hecla Mining Co (HL) reported a net income of $321.7M in fiscal year 2025, with a net profit margin of 22.6%.
What is Hecla Mining Co's EBITDA?
Hecla Mining Co (HL) had EBITDA of $680.4M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.
What is Hecla Mining Co's gross margin?
Hecla Mining Co (HL) had a gross margin of 43.7% in fiscal year 2025, indicating the percentage of revenue retained after direct costs of goods sold.
What is Hecla Mining Co's operating margin?
Hecla Mining Co (HL) had an operating margin of 36.2% in fiscal year 2025, reflecting the profitability of core business operations before interest and taxes.
What is Hecla Mining Co's net profit margin?
Hecla Mining Co (HL) had a net profit margin of 22.6% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.
Does Hecla Mining Co pay dividends?
Yes, Hecla Mining Co (HL) paid $0.01 per share in dividends during fiscal year 2025.
What is Hecla Mining Co's return on equity (ROE)?
Hecla Mining Co (HL) has a return on equity of 12.4% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.
What is Hecla Mining Co's free cash flow?
Hecla Mining Co (HL) generated $310.2M in free cash flow during fiscal year 2025. This represents a 8096.8% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.
What is Hecla Mining Co's operating cash flow?
Hecla Mining Co (HL) generated $562.6M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.
What are Hecla Mining Co's total assets?
Hecla Mining Co (HL) had $3.6B in total assets as of fiscal year 2025, including both current and long-term assets.
What are Hecla Mining Co's capital expenditures?
Hecla Mining Co (HL) invested $252.4M in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.
What is Hecla Mining Co's current ratio?
Hecla Mining Co (HL) had a current ratio of 2.72 as of fiscal year 2025, which is generally considered healthy.
What is Hecla Mining Co's debt-to-equity ratio?
Hecla Mining Co (HL) had a debt-to-equity ratio of 0.37 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is Hecla Mining Co's return on assets (ROA)?
Hecla Mining Co (HL) had a return on assets of 9.0% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.
What is Hecla Mining Co's Altman Z-Score?
Hecla Mining Co (HL) has an Altman Z-Score of 8.90, placing it in the Safe Zone (low bankruptcy risk). The Z-Score combines five financial ratios—working capital, retained earnings, EBIT, market capitalization, and revenue relative to total assets—to predict the likelihood of bankruptcy. Scores above 2.99 indicate financial safety while scores below 1.81 suggest financial distress. Learn more in our complete guide to financial health indicators.
What is Hecla Mining Co's Piotroski F-Score?
Hecla Mining Co (HL) 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 Hecla Mining Co's earnings high quality?
Hecla Mining Co (HL) has an earnings quality ratio of 1.75x, 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.
Can Hecla Mining Co cover its interest payments?
Hecla Mining Co (HL) has an interest coverage ratio of 12.4x, meaning it can comfortably cover its interest obligations. This ratio divides operating income by interest expense. Ratios above 5x indicate strong debt-servicing ability, while ratios below 2x suggest the company may face difficulty meeting interest payments if earnings decline. Learn more in our complete guide to financial health indicators.
How financially healthy is Hecla Mining Co?
Hecla Mining Co (HL) scores 77 out of 100 on our Financial Profile, indicating strong 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.