Hudbay Minerals Financials
Hudbay Minerals (HBM) reported $2.2B in revenue for fiscal year 2025, up 9.4% from the prior fiscal year. This page shows its income statement, balance sheet, cash flow statement, and key financial ratios. View 10 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).
FY2025 shows a cash-generating but capital-hungry business: earnings jumped, yet reinvestment and working capital absorbed much of the gain despite minimal debt.
FY2025's profit surge did not translate into equally large spendable cash: net income hit$564.3M , yet free cash flow was only$240.6M . The gap is better explained by heavier reinvestment and more cash tied in customers, with capex at$466.7M and receivables at$377.8M .
The balance sheet looks lightly levered: long-term debt was only
This is still a capital-intensive operator: operating cash flow reached
Financial Health Signals
Scored against operating companies for FY2025. Each of the six dimensions is a percentile rank within that peer group; the overall is their average, with missing dimensions counted as zero out of six. A high score means strong standing among peers, not absolute cross-industry strength. How this score is calculated →
Health score ≠ stock price. This rates the quality of Hudbay Minerals's business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.
Not available for Hudbay Minerals, and counted as zero in the overall score.
Hudbay Minerals's revenue grew 9.4% year-over-year to $2.2B, a solid pace of expansion. This earns a growth score of 74/100.
Hudbay Minerals carries a low D/E ratio of 0.01, meaning only $0.01 of long-term debt for every $1 of shareholders' equity. This conservative leverage earns a score of 88/100, indicating a strong balance sheet with room for future borrowing.
Hudbay Minerals's current ratio of 0.95 is below the typical benchmark, resulting in a score of 17/100. This tight liquidity could limit financial flexibility if cash inflows slow.
Hudbay Minerals converts 10.9% of revenue into free cash flow ($240.6M). This strong cash generation earns a score of 74/100.
Not available for Hudbay Minerals, and counted as zero in the overall score.
Hudbay Minerals passes 5 of 8 computable financial strength tests (1 of the nine could not be computed from available data). All 4 profitability signals pass (positive income, cash flow, and earnings quality), 1 of 3 leverage/liquidity signals pass, neither operating efficiency signal passes.
For every $1 of reported earnings, Hudbay Minerals generates $1.25 in operating cash flow ($707.3M OCF vs $564.3M net income). This indicates profits are well-supported by actual cash generation, not accounting adjustments.
Key Financial Metrics
Earnings & Revenue
Hudbay Minerals generated $2.2B in revenue in fiscal year 2025. This represents an increase of 9.4% from the prior year.
Hudbay Minerals reported $564.3M in net income in fiscal year 2025. This represents an increase of 732.3% from the prior year.
Not reported for fiscal year 2025.
Not reported for fiscal year 2025.
Cash & Balance Sheet
Hudbay Minerals generated $240.6M in free cash flow in fiscal year 2025, representing cash available after capex. This represents a decrease of 24.6% from the prior year.
Hudbay Minerals held $568.9M in cash against $29.3M in long-term debt as of fiscal year 2025, with $1.2B of liabilities due within a year.
Not reported for fiscal year 2025.
Margins & Returns
Hudbay Minerals's net profit margin was 25.5% in fiscal year 2025, showing the share of revenue converted to profit. This is up 22.2 percentage points from the prior year.
Hudbay Minerals's ROE was 17.5% in fiscal year 2025, measuring profit generated per dollar of shareholder equity. This is up 14.9 percentage points from the prior year.
Not reported for fiscal year 2025.
Not reported for fiscal year 2025.
Capital Allocation
Hudbay Minerals invested $466.7M in capex in fiscal year 2025, funding long-term assets and infrastructure. This represents an increase of 34.5% from the prior year.
Not reported for fiscal year 2025.
Not reported for fiscal year 2025.
HBM Income Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.
| Metric | FY25 | FY24 | FY23 | FY22 | FY21 | FY20 | FY19 | FY18 | FY17 | FY16 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $2.2B+9.4% | $2.0B+19.6% | $1.7B+15.6% | $1.5B-2.7% | $1.5B+37.5% | $1.1B-11.7% | $1.2B-16.0% | $1.5B+8.1% | $1.4B+20.7% | $1.1B |
| Interest Expense | -$19.4M+87.0% | -$148.7M-2.3% | -$145.3M-22.6% | -$118.5M+46.4% | -$221.0M-55.8% | -$141.9M+13.5% | -$164.0M-28.1% | -$128.0M-8.0% | -$118.6M+27.8% | -$164.2M |
| Income Tax | $347.7M+89.2% | $183.8M+123.3% | $82.3M+223.6% | $25.4M-38.9% | $41.6M+220.6% | -$34.5M+68.3% | -$109.0M-227.5% | $85.4M+145.3% | $34.8M-14.6% | $40.8M |
| Net Income | $564.3M+732.3% | $67.8M-2.4% | $69.5M-1.3% | $70.4M+128.8% | -$244.4M-69.0% | -$144.6M+57.9% | -$343.8M-502.5% | $85.4M-47.9% | $163.9M+565.7% | -$35.2M |
Not reported in any period shown, so not listed: Cost of Revenue, Gross Profit, R&D Expenses, SG&A Expenses, Operating Income, EPS (Diluted).
HBM Balance Sheet
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.
| Metric | FY25 | FY24 | FY23 | FY22 | FY21 | FY20 | FY19 | FY18 | FY17 | FY16 |
|---|---|---|---|---|---|---|---|---|---|---|
| Total Assets | $6.2B+13.4% | $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+6.1% | $4.5B |
| Current Assets | $1.2B+10.9% | $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+52.4% | $436.6M |
| Cash & Equivalents | $568.9M+5.0% | $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+142.7% | $146.9M |
| Inventory | $199.2M+0.9% | $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+26.0% | $112.5M |
| Accounts Receivable | $377.8M+60.4% | $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+1.9% | $152.6M |
| Goodwill | $72.6M+4.9% | $69.2M-8.1% | $75.3M | $0 | N/A | N/A | N/A | N/A | N/A | N/A |
| Total Liabilities | $3.0B+5.4% | $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-2.9% | $2.7B |
| Current Liabilities | $1.2B+128.7% | $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+31.5% | $315.1M |
| Long-Term Debt | $29.3M-33.9% | $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-20.5% | $1.2B |
| Total Equity | $3.2B+22.0% | $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+19.8% | $1.8B |
| Retained Earnings | $460.5M+549.7% | -$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+66.6% | $216.9M |
HBM Cash Flow Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.
| Metric | FY25 | FY24 | FY23 | FY22 | FY21 | FY20 | FY19 | FY18 | FY17 | FY16 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $707.3M+6.2% | $666.2M+39.7% | $476.9M-2.2% | $487.8M+26.7% | $385.1M+60.8% | $239.5M-23.0% | $310.9M-35.2% | $479.6M-11.1% | $539.6M+13.6% | $475.1M |
| Capital Expenditures | $466.7M+34.5% | $347.1M+23.5% | $281.1M-9.0% | $309.0M-12.3% | $352.2M-2.5% | $361.2M+39.3% | $259.2M+35.8% | $190.9M-23.6% | $249.8M+29.5% | $192.8M |
| Free Cash Flow | $240.6M-24.6% | $319.1M+63.0% | $195.8M+9.5% | $178.8M+443.7% | $32.9M+127.0% | -$121.7M-335.6% | $51.7M-82.1% | $288.7M-0.4% | $289.8M+2.7% | $282.3M |
| Investing Cash Flow | -$468.4M-22.3% | -$382.9M-40.9% | -$271.8M+19.5% | -$337.7M+10.3% | -$376.3M-4.8% | -$359.0M-22.8% | -$292.4M-44.6% | -$202.1M+13.7% | -$234.3M-59.3% | -$147.1M |
| Financing Cash Flow | -$214.4M-2202.0% | $10.2M+105.6% | -$182.4M+7.1% | -$196.3M-11.6% | -$175.9M-208.5% | $162.1M+217.6% | -$137.8M-14.5% | -$120.4M-29.6% | -$92.8M+60.7% | -$236.1M |
| Dividends Paid | $5.6M+1.8% | $5.5M+22.2% | $4.5M+11.2% | $4.0M-2.4% | $4.1M+9.6% | $3.8M-3.7% | $3.9M-2.9% | $4.0M+9.7% | $3.7M+3.3% | $3.6M |
Not reported in any period shown, so not listed: Share Buybacks.
HBM Financial Ratios
Margins and returns are percentages; the remaining ratios are unitless multiples.
| Metric | FY25 | FY24 | FY23 | FY22 | FY21 | FY20 | FY19 | FY18 | FY17 | FY16 |
|---|---|---|---|---|---|---|---|---|---|---|
| Net Margin | 25.5%+22.2pp | 3.4%-0.8pp | 4.1%-0.7pp | 4.8%+21.1pp | -16.3%-3.0pp | -13.2%+14.5pp | -27.8%-33.6pp | 5.8%-6.2pp | 12.0%+15.2pp | -3.1% |
| Return on Equity | 17.5%+14.9pp | 2.6%-0.6pp | 3.1%-1.3pp | 4.5%+21.0pp | -16.6%-8.0pp | -8.5%+10.1pp | -18.6%-22.5pp | 3.9%-3.8pp | 7.8%+9.8pp | -2.0% |
| Return on Assets | 9.1%+7.8pp | 1.2%-0.1pp | 1.3%-0.3pp | 1.6%+6.9pp | -5.3%-2.2pp | -3.1%+4.6pp | -7.7%-9.5pp | 1.8%-1.7pp | 3.5%+4.3pp | -0.8% |
| Current Ratio | 0.95-1.0x | 1.95+0.7x | 1.25+0.1x | 1.17-0.1x | 1.29-0.4x | 1.680.0x | 1.69-0.7x | 2.36+0.8x | 1.61+0.2x | 1.39 |
| Debt-to-Equity | 0.010.0x | 0.020.0x | 0.030.0x | 0.030.0x | 0.030.0x | 0.020.0x | 0.03-0.4x | 0.450.0x | 0.46-0.2x | 0.70 |
| FCF Margin | 10.9%-4.9pp | 15.8%+4.2pp | 11.6%-0.6pp | 12.2%+10.0pp | 2.2%+13.3pp | -11.1%-15.3pp | 4.2%-15.4pp | 19.6%-1.7pp | 21.3%-3.7pp | 25.0% |
Not reported in any period shown, so not listed: Gross Margin, Operating Margin.
Note: The current ratio is below 1.0 (0.95), indicating current liabilities exceed current assets, which may suggest potential short-term liquidity concerns.
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Where Hudbay Minerals Ranks
Frequently Asked Questions
What is Hudbay Minerals's annual revenue?
Hudbay Minerals (HBM) reported $2.2B in total revenue for fiscal year 2025. This represents a 9.4% 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 9.4% year-over-year, from $2.0B to $2.2B in fiscal year 2025.
Is Hudbay Minerals profitable?
Yes, Hudbay Minerals (HBM) reported a net income of $564.3M in fiscal year 2025, with a net profit margin of 25.5%.
How much debt does Hudbay Minerals have?
As of fiscal year 2025, Hudbay Minerals (HBM) had $568.9M in cash and equivalents against $29.3M in long-term debt.
What is Hudbay Minerals's net profit margin?
Hudbay Minerals (HBM) had a net profit margin of 25.5% in fiscal year 2025, 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 17.5% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.
What is Hudbay Minerals's free cash flow?
Hudbay Minerals (HBM) generated $240.6M in free cash flow during fiscal year 2025. This represents a -24.6% 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 $707.3M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.
What are Hudbay Minerals's total assets?
Hudbay Minerals (HBM) had $6.2B in total assets as of fiscal year 2025, including both current and long-term assets.
What are Hudbay Minerals's capital expenditures?
Hudbay Minerals (HBM) invested $466.7M in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.
What is Hudbay Minerals's current ratio?
Hudbay Minerals (HBM) had a current ratio of 0.95 as of fiscal year 2025, which is below 1.0, which may suggest potential liquidity concerns.
What is Hudbay Minerals's debt-to-equity ratio?
Hudbay Minerals (HBM) had a debt-to-equity ratio of 0.01 as of fiscal year 2025, 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 9.1% for fiscal year 2025, 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 5 out of 8 computable signals; 1 of the nine could not be computed from available data, so the full-scale strength rating is not shown. 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 to 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 1.25x, 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 42 out of 100 on our Financial Health Score, indicating moderate standing within its operating companies peer group. The score is a 0-100 composite of six dimensions (Profitability, Growth, Leverage, Liquidity, Cash Flow, Returns), each ranked as a percentile relative to companies in the same scoring family (banks against banks, REITs against REITs, and so on) rather than across all industries. It rates the quality of the business, not whether the stock is fairly priced, and is not financial advice. Learn more in our complete guide to financial health indicators.