HL

MKT CAP:$13B

Hecla Mining Company

Market Cap

$13B

Basic Materials·Gold·🇺🇸 United States·NYSE

Materials·Gold·🇺🇸·NYSE

Stock Price

$18.80-$0.07 (-0.37%)

Apr 24, 2026

Company Details

Hecla Mining Company, together with its subsidiaries, discovers, acquires, develops, and produces precious and base metal properties in the United States and internationally. The company mines for silver, gold, lead, and zinc concentrates, ...

CEO

Robert L. Krcmarov

IPO Date

Mar 17, 1980

Website

www.hecla-mining.com

Key Metrics TTM

Revenue

$1.4B

+53.0% YoY

Net Income

$322M

EPS (Diluted)

$0.49

Free Cash Flow

$368M

Revenue / Share

$2.11

Gross Margin

42.8%

Operating Margin

36.2%

Net Margin

22.6%

FCF Margin

25.9%

P/S

8.8x

P/E

39.1x

Earnings Reports

Q1 2026

May 7, 2026

PENDING

FY 2025

Feb 17, 2026

$1.4B+53.0%EPS $0.49

Q4 2025

Feb 17, 2026

$448M+79.5%EPS $0.20

Q3 2025

Nov 5, 2025

$410M+67.1%EPS $0.15

Q2 2025

Aug 6, 2025

$304M+23.8%EPS $0.09

Revenue & Profitability

Quarter	Revenue	Gross Profit	Operating Income
Q1 22	$186M	$45M	$15M
Q2 22	$191M	$37M	$8M
Q3 22	$146M	$8M	-$25M
Q4 22	$197M	$21M	$2M
Q1 23	$200M	$35M	$6M
Q2 23	$178M	$38M	$5M
Q3 23	$182M	$33M	-$13M
Q4 23	$161M	$7M	-$42M
Q1 24	$190M	$19M	$5M
Q2 24	$246M	$51M	$41M
Q3 24	$245M	$59M	$22M
Q4 24	$250M	$68M	$38M
Q1 25	$261M	$74M	$52M
Q2 25	$304M	$120M	$94M
Q3 25	$410M	$180M	$149M
Q4 25	$448M	$236M	$220M

Valuation

Quarter	P/S	P/E
Q1 22	16.7x	794.4x
Q2 22	16.6x	8247.9x
Q3 22	17.7x	—
Q4 22	17.5x	—
Q1 23	17.1x	—
Q2 23	17.5x	—
Q3 23	16.6x	—
Q4 23	17.5x	—
Q1 24	17.7x	—
Q2 24	16.2x	—
Q3 24	15.0x	—
Q4 24	13.5x	351.6x
Q1 25	12.6x	178.7x
Q2 25	11.9x	125.5x
Q3 25	10.3x	63.2x
Q4 25	8.8x	39.1x

Operating Cash Flow

Quarter	Operating CF	Free CF
Q1 22	$38M	$16M
Q2 22	$40M	$6M
Q3 22	-$24M	-$62M
Q4 22	$37M	-$20M
Q1 23	$41M	-$14M
Q2 23	$24M	-$28M
Q3 23	$10M	-$45M
Q4 23	$884.0K	-$62M
Q1 24	$17M	-$31M
Q2 24	$79M	$28M
Q3 24	$55M	-$690.0K
Q4 24	$67M	$7M
Q1 25	$36M	-$18M
Q2 25	$162M	$162M
Q3 25	$148M	$90M
Q4 25	$217M	$135M

Capital Expenditures

Quarter	CapEx
Q1 22	$21M
Q2 22	$34M
Q3 22	$37M
Q4 22	$56M
Q1 23	$54M
Q2 23	$51M
Q3 23	$55M
Q4 23	$63M
Q1 24	$48M
Q2 24	$50M
Q3 24	$56M
Q4 24	$61M
Q1 25	$54M
Q2 25	$0
Q3 25	$58M
Q4 25	$82M

CapEx

OpEx vs Revenue Growth (YoY)

Quarter	Revenue Growth	OpEx Growth
Q1 22	+12.1%	+10.2%
Q2 22	+1.2%	+12.2%
Q3 22	-24.4%	-15.0%
Q4 22	+6.5%	+19.7%
Q1 23	+7.0%	+12.9%
Q2 23	-6.9%	-5.6%
Q3 23	+24.3%	+13.2%
Q4 23	-18.5%	+3.9%
Q1 24	-5.0%	-4.9%
Q2 24	+37.9%	+18.3%
Q3 24	+34.7%	+14.4%
Q4 24	+55.4%	+4.2%
Q1 25	+37.9%	+13.3%
Q2 25	+23.8%	+2.5%
Q3 25	+67.1%	+17.2%
Q4 25	+79.5%	+8.0%

Stock-Based Compensation

Quarter	SBC ($)	% of Revenue
Q1 22	$1M	0.7%
Q2 22	$1M	0.7%
Q3 22	$2M	1.2%
Q4 22	$0	0.0%
Q1 23	$1M	0.6%
Q2 23	$1M	0.8%
Q3 23	$2M	1.3%
Q4 23	$1M	0.9%
Q1 24	$1M	0.6%
Q2 24	$3M	1.2%
Q3 24	$2M	0.9%
Q4 24	$2M	0.9%
Q1 25	$2M	0.7%
Q2 25	$3M	1.0%
Q3 25	$3M	0.6%
Q4 25	$0	0.0%

OpEx Breakdown

Quarter	G&A	SG&A
Q1 22	$8M	—
Q2 22	$10M	—
Q3 22	$11M	—
Q4 22	—	$14M
Q1 23	$12M	—
Q2 23	$11M	—
Q3 23	$8M	—
Q4 23	$12M	—
Q1 24	$11M	—
Q2 24	$15M	—
Q3 24	$10M	—
Q4 24	$9M	—
Q1 25	$12M	—
Q2 25	$13M	—
Q3 25	$14M	—
Q4 25	—	$16M

Revenue Segments

Quarter	Gold	Lead	Silver Contracts	Zinc	Copper
Q4 23	$66M	$10M	$67M	$24M	—
Q1 24	$67M	$19M	$86M	$25M	—
Q2 24	$82M	$24M	$113M	$32M	—
Q3 24	$79M	$22M	$110M	$37M	$409.0K
Q1 25	$87M	$22M	$118M	$33M	$391.0K
Q2 25	$124M	$21M	$123M	$31M	$979.0K
Q3 25	$144M	$24M	$190M	$37M	$880.0K

War Chest

Quarter	Cash	Short-term Investments	Total
Q1 22	$212M	$0	$212M
Q2 22	$198M	$0	$198M
Q3 22	$145M	$0	$145M
Q4 22	$105M	$0	$105M
Q1 23	$96M	$0	$96M
Q2 23	$107M	$0	$107M
Q3 23	$101M	$0	$101M
Q4 23	$106M	$0	$106M
Q1 24	$80M	$0	$80M
Q2 24	$25M	$0	$25M
Q3 24	$22M	$0	$22M
Q4 24	$27M	$0	$27M
Q1 25	$24M	$0	$24M
Q2 25	$297M	$0	$297M
Q3 25	$134M	$0	$134M
Q4 25	$242M	$60M	$301M

Shares Outstanding

Quarter	Shares (Diluted)	QoQ Change	YoY Change
Q1 22	544M	+0.2%	+3.6%
Q2 22	539M	-0.9%	+0.4%
Q3 22	555M	+2.8%	+3.3%
Q4 22	555M	0.0%	+2.1%
Q1 23	600M	+8.2%	+10.3%
Q2 23	604M	+0.7%	+12.0%
Q3 23	608M	+0.6%	+9.6%
Q4 23	611M	+0.4%	+10.1%
Q1 24	616M	+0.9%	+2.7%
Q2 24	622M	+1.0%	+3.0%
Q3 24	626M	+0.6%	+2.9%
Q4 24	631M	+0.9%	+3.4%
Q1 25	635M	+0.5%	+3.0%
Q2 25	640M	+0.8%	+2.8%
Q3 25	672M	+5.0%	+7.4%
Q4 25	674M	+0.3%	+6.7%

Shares Outstanding

Revenue Per Employee

Period	Revenue/Employee	Employees
Q1 22	$113.0K	2K
Q2 22	$115.9K	2K
Q3 22	$88.7K	2K
Q4 22	$106.6K	2K
Q1 23	$107.8K	2K
Q2 23	$96.3K	2K
Q3 23	$98.3K	2K
Q4 23	$90.5K	2K
Q1 24	$106.8K	2K
Q2 24	$138.4K	2K
Q3 24	$138.1K	2K
Q4 24	$136.4K	2K
Q1 25	$142.8K	2K
Q2 25	$166.1K	2K
Q3 25	$223.8K	2K
Q4 25	$240.3K	2K

Revenue / Employee