Hudbay Minerals Financials

HBM

Source SEC Filings (10-K/10-Q) Updated Dec 31, 2024 Currency USD FYE December

This page shows Hudbay Minerals (HBM) 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

Financial Profile 56/100

Based on FY2024 annual data. Scores normalized against common benchmarks. How we calculate these scores

Growth

Hudbay Minerals's revenue surged 19.6% year-over-year to $2.0B, reflecting rapid business expansion. This strong growth earns a score of 66/100.

Leverage

100

Hudbay Minerals carries a low D/E ratio of 0.02, meaning only $0.02 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.

Liquidity

Hudbay Minerals's current ratio of 1.95 indicates adequate short-term liquidity, earning a score of 35/100. The company can meet its near-term obligations, though with limited headroom.

Cash Flow

Hudbay Minerals has a free cash flow margin of 15.8%, earning a moderate score of 64/100. The company generates positive cash flow after capital investments, but with room for improvement.

Returns

Hudbay Minerals generates a 2.6% ROE, indicating limited profit relative to shareholders' investment. This results in a returns score of 17/100. This is down from 3.1% the prior year.

Piotroski F-Score Neutral

6/9

Hudbay Minerals passes 6 of 9 financial strength tests. 3 of 4 profitability signals pass, all 2 leverage/liquidity signals pass, both operating efficiency signals pass.

Earnings Quality Cash-Backed

9.83x

For every $1 of reported earnings, Hudbay Minerals generates $9.83 in operating cash flow ($666.2M OCF vs $67.8M net income). This indicates profits are well-supported by actual cash generation, not accounting adjustments.

Key Financial Metrics

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Earnings & Revenue

Revenue

$2.0B

YoY+19.6%

5Y CAGR+10.3%

Hudbay Minerals generated $2.0B in revenue in fiscal year 2024. This represents an increase of 19.6% from the prior year.

EBITDA

N/A

Net Income

$67.8M

YoY-2.4%

Hudbay Minerals reported $67.8M in net income in fiscal year 2024. This represents a decrease of 2.4% from the prior year.

EPS (Diluted)

N/A

Cash & Balance Sheet

Free Cash Flow

$319.1M

YoY+63.0%

5Y CAGR+43.9%

Hudbay Minerals generated $319.1M in free cash flow in fiscal year 2024, representing cash available after capex. This represents an increase of 63.0% from the prior year.

Cash & Debt

$541.8M

YoY+116.9%

5Y CAGR+6.5%

Hudbay Minerals held $541.8M in cash against $44.3M in long-term debt as of fiscal year 2024.

Dividends Per Share

N/A

Shares Outstanding

395M

5Y CAGR+8.6%

Hudbay Minerals had 395M shares outstanding in fiscal year 2024.

Margins & Returns

Gross Margin

N/A

Operating Margin

N/A

Net Margin

3.4%

YoY-0.8pp

5Y CAGR+31.1pp

Hudbay Minerals's net profit margin was 3.4% in fiscal year 2024, showing the share of revenue converted to profit. This is down 0.8 percentage points from the prior year.

Return on Equity

2.6%

YoY-0.6pp

5Y CAGR+21.2pp

Hudbay Minerals's ROE was 2.6% in fiscal year 2024, measuring profit generated per dollar of shareholder equity. This is down 0.6 percentage points from the prior year.

Capital Allocation

R&D Spending

N/A

Share Buybacks

N/A

Capital Expenditures

$347.1M

YoY+23.5%

5Y CAGR+6.0%

Hudbay Minerals invested $347.1M in capex in fiscal year 2024, funding long-term assets and infrastructure. This represents an increase of 23.5% from the prior year.

HBM Income Statement

Metric	FY24	FY23	FY22	FY21	FY20	FY19
Revenue	$2.0B+19.6%	$1.7B+15.6%	$1.5B-2.7%	$1.5B+37.5%	$1.1B-11.7%	$1.2B
Cost of Revenue	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
R&D Expenses	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
Operating Income	N/A	N/A	N/A	N/A	N/A	N/A
Interest Expense	-$148.7M-2.3%	-$145.3M-22.6%	-$118.5M+46.4%	-$221.0M-55.8%	-$141.9M+13.5%	-$164.0M
Income Tax	$183.8M+123.3%	$82.3M+223.6%	$25.4M-38.9%	$41.6M+220.6%	-$34.5M+68.3%	-$109.0M
Net Income	$67.8M-2.4%	$69.5M-1.3%	$70.4M+128.8%	-$244.4M-69.0%	-$144.6M+57.9%	-$343.8M
EPS (Diluted)	N/A	N/A	N/A	N/A	N/A	N/A

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

HBM Balance Sheet

Metric	FY24	FY23	FY22	FY21	FY20	FY19
Total Assets	$5.5B+3.3%	$5.3B+22.8%	$4.3B-6.3%	$4.6B-1.1%	$4.7B+4.6%	$4.5B
Current Assets	$1.0B+55.7%	$673.2M+28.4%	$524.2M-20.2%	$656.7M-13.1%	$755.7M+14.0%	$663.0M
Cash & Equivalents	$541.8M+116.9%	$249.8M+10.7%	$225.7M-16.7%	$271.0M-38.3%	$439.1M+10.9%	$396.1M
Inventory	$197.4M-4.8%	$207.3M+33.7%	$155.0M-2.2%	$158.5M+10.7%	$143.1M+3.1%	$138.8M
Accounts Receivable	$235.5M+15.8%	$203.4M+79.7%	$113.2M-44.5%	$204.1M+44.5%	$141.2M+33.2%	$106.0M
Goodwill	$69.2M-8.1%	$75.3M	$0	N/A	N/A	N/A
Total Liabilities	$2.8B-8.6%	$3.1B+12.8%	$2.8B-12.3%	$3.1B+5.8%	$3.0B+13.5%	$2.6B
Current Liabilities	$537.2M0.0%	$537.4M+20.0%	$447.6M-12.1%	$509.2M+13.5%	$448.8M+14.6%	$391.8M
Long-Term Debt	$44.3M-27.9%	$61.4M+36.9%	$44.9M+0.9%	$44.5M+48.0%	$30.0M-38.9%	$49.2M
Total Equity	$2.6B+20.0%	$2.2B+40.4%	$1.6B+6.4%	$1.5B-13.1%	$1.7B-8.0%	$1.8B
Retained Earnings	-$102.4M+41.0%	-$173.6M+26.3%	-$235.5M+22.0%	-$301.8M-465.9%	-$53.3M-156.1%	$95.0M

Metric	Q4'24	Q4'23	Q4'22	Q4'21	Q4'20	Q4'19	Q4'18	Q4'17
Total Assets	$5.5B+3.3%	$5.3B+22.8%	$4.3B-6.3%	$4.6B-1.1%	$4.7B+4.6%	$4.5B-4.8%	$4.7B-0.9%	$4.7B
Current Assets	$1.0B+55.7%	$673.2M+28.4%	$524.2M-20.2%	$656.7M-13.1%	$755.7M+14.0%	$663.0M-14.2%	$772.4M+16.1%	$665.5M
Cash & Equivalents	$541.8M+116.9%	$249.8M+10.7%	$225.7M-16.7%	$271.0M-38.3%	$439.1M+10.9%	$396.1M-23.2%	$515.5M+44.6%	$356.5M
Inventory	$197.4M-4.8%	$207.3M+33.7%	$155.0M-2.2%	$158.5M+10.7%	$143.1M+3.1%	$138.8M+17.2%	$118.5M-16.4%	$141.7M
Accounts Receivable	$235.5M+15.8%	$203.4M+79.7%	$113.2M-44.5%	$204.1M+44.5%	$141.2M+33.2%	$106.0M-9.5%	$117.2M-24.7%	$155.5M
Goodwill	$69.2M-8.1%	$75.3M	$0	N/A	N/A	N/A	N/A	N/A
Total Liabilities	$2.8B-8.6%	$3.1B+12.8%	$2.8B-12.3%	$3.1B+5.8%	$3.0B+13.5%	$2.6B+4.2%	$2.5B-4.2%	$2.6B
Current Liabilities	$537.2M0.0%	$537.4M+20.0%	$447.6M-12.1%	$509.2M+13.5%	$448.8M+14.6%	$391.8M+19.7%	$327.2M-21.0%	$414.2M
Long-Term Debt	$44.3M-27.9%	$61.4M+36.9%	$44.9M+0.9%	$44.5M+48.0%	$30.0M-38.9%	$49.2M-95.0%	$981.0M+0.1%	$979.6M
Total Equity	$2.6B+20.0%	$2.2B+40.4%	$1.6B+6.4%	$1.5B-13.1%	$1.7B-8.0%	$1.8B-15.2%	$2.2B+3.1%	$2.1B
Retained Earnings	-$102.4M+41.0%	-$173.6M+26.3%	-$235.5M+22.0%	-$301.8M-465.9%	-$53.3M-156.1%	$95.0M-78.5%	$442.8M+22.5%	$361.4M

HBM Cash Flow Statement

Metric	FY24	FY23	FY22	FY21	FY20	FY19
Operating Cash Flow	$666.2M+39.7%	$476.9M-2.2%	$487.8M+26.7%	$385.1M+60.8%	$239.5M-23.0%	$310.9M
Capital Expenditures	$347.1M+23.5%	$281.1M-9.0%	$309.0M-12.3%	$352.2M-2.5%	$361.2M+39.3%	$259.2M
Free Cash Flow	$319.1M+63.0%	$195.8M+9.5%	$178.8M+443.7%	$32.9M+127.0%	-$121.7M-335.6%	$51.7M
Investing Cash Flow	-$382.9M-40.9%	-$271.8M+19.5%	-$337.7M+10.3%	-$376.3M-4.8%	-$359.0M-22.8%	-$292.4M
Financing Cash Flow	$10.2M+105.6%	-$182.4M+7.1%	-$196.3M-11.6%	-$175.9M-208.5%	$162.1M+217.6%	-$137.8M
Dividends Paid	$5.5M+22.2%	$4.5M+11.2%	$4.0M-2.4%	$4.1M+9.6%	$3.8M-3.7%	$3.9M
Share Buybacks	N/A	N/A	N/A	N/A	N/A	N/A

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

HBM Financial Ratios

Metric	FY24	FY23	FY22	FY21	FY20	FY19
Gross Margin	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
Net Margin	3.4%-0.8pp	4.1%-0.7pp	4.8%+21.1pp	-16.3%-3.0pp	-13.2%+14.5pp	-27.8%
Return on Equity	2.6%-0.6pp	3.1%-1.3pp	4.5%+21.0pp	-16.6%-8.0pp	-8.5%+10.1pp	-18.6%
Return on Assets	1.2%-0.1pp	1.3%-0.3pp	1.6%+6.9pp	-5.3%-2.2pp	-3.1%+4.6pp	-7.7%
Current Ratio	1.95+0.7	1.25+0.1	1.17-0.1	1.29-0.4	1.680.0	1.69
Debt-to-Equity	0.02-0.0	0.030.0	0.030.0	0.03+0.0	0.020.0	0.03
FCF Margin	15.8%+4.2pp	11.6%-0.6pp	12.2%+10.0pp	2.2%+13.3pp	-11.1%-15.3pp	4.2%

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	1.95+0.7	1.25+0.1	1.17-0.1	1.29-0.4	1.680.0	1.69-0.7	2.36+0.8	1.61
Debt-to-Equity	0.02-0.0	0.030.0	0.030.0	0.03+0.0	0.020.0	0.03-0.4	0.45-0.0	0.46
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 Hudbay Minerals's annual revenue?

Hudbay Minerals (HBM) reported $2.0B in total revenue for fiscal year 2024. This represents a 19.6% 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 Hudbay Minerals's revenue growing?

Hudbay Minerals (HBM) revenue grew by 19.6% year-over-year, from $1.7B to $2.0B in fiscal year 2024.

Is Hudbay Minerals profitable?

Yes, Hudbay Minerals (HBM) reported a net income of $67.8M in fiscal year 2024, with a net profit margin of 3.4%.

How much debt does Hudbay Minerals have?

As of fiscal year 2024, Hudbay Minerals (HBM) had $541.8M in cash and equivalents against $44.3M in long-term debt.

What is Hudbay Minerals's net profit margin?

Hudbay Minerals (HBM) had a net profit margin of 3.4% in fiscal year 2024, representing the share of revenue converted into profit after all expenses.

What is Hudbay Minerals's return on equity (ROE)?

Hudbay Minerals (HBM) has a return on equity of 2.6% for fiscal year 2024, measuring how efficiently the company generates profit from shareholder equity.

What is Hudbay Minerals's free cash flow?

Hudbay Minerals (HBM) generated $319.1M in free cash flow during fiscal year 2024. This represents a 63.0% 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 Hudbay Minerals's operating cash flow?

Hudbay Minerals (HBM) generated $666.2M in operating cash flow during fiscal year 2024, representing cash generated from core business activities.

What are Hudbay Minerals's total assets?

Hudbay Minerals (HBM) had $5.5B in total assets as of fiscal year 2024, including both current and long-term assets.

What are Hudbay Minerals's capital expenditures?

Hudbay Minerals (HBM) invested $347.1M in capital expenditures during fiscal year 2024, funding long-term assets and infrastructure.

How many shares does Hudbay Minerals have outstanding?

Hudbay Minerals (HBM) had 395M shares outstanding as of fiscal year 2024.

What is Hudbay Minerals's current ratio?

Hudbay Minerals (HBM) had a current ratio of 1.95 as of fiscal year 2024, which is generally considered healthy.

What is Hudbay Minerals's debt-to-equity ratio?

Hudbay Minerals (HBM) had a debt-to-equity ratio of 0.02 as of fiscal year 2024, measuring the company's financial leverage by comparing total debt to shareholder equity.

What is Hudbay Minerals's return on assets (ROA)?

Hudbay Minerals (HBM) had a return on assets of 1.2% for fiscal year 2024, measuring how efficiently the company uses its assets to generate profit.

What is Hudbay Minerals's Piotroski F-Score?

Hudbay Minerals (HBM) has a Piotroski F-Score of 6 out of 9, indicating neutral 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 Hudbay Minerals's earnings high quality?

Hudbay Minerals (HBM) has an earnings quality ratio of 9.83x, 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 Hudbay Minerals?

Hudbay Minerals (HBM) scores 56 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.