Is the business good?
How good a business is HL?
Hecla Mining Company earns 27% on the capital it employs against a 9.0% cost of capital, so the business is worth more the bigger it gets.
27%
Return on invested capital · cost of capital 9.0% · 18 points above what the capital costs: growth creates value
- Operating margin
- 46%
Operating margin · Basic Materials median 13% · 12 months to Q2 2026
- Cash conversion
- 1.45×
Cash conversion · 1.23× a year ago · every dollar of reported profit arrived as cash, and more
- Share count, year on year
- +5.7%
Share count, year on year · shareholders own a smaller slice than a year ago
| Year | Operating margin |
|---|---|
| FY2020 | 9.7% |
| FY2021 | 10% |
| FY2022 | −1.7% |
| FY2023 | −6.2% |
| FY2024 | 11% |
| FY2025 | 36% |
Details›
- Gross margin12 months to Q2 2026
- 54%
- Operating margin12 months to Q2 2026
- 46%
- Net margin12 months to Q2 2026
- 21%
- Free cash flow margin
- 30%
- Revenue, trailing twelve months
- $1.60B
- Free cash flow, trailing twelve months
- $484M
- Net income, trailing twelve months
- $334M
- Return on invested capitaloperating profit after tax ÷ debt + equity − cash
- 27%
Margins, capital and share counts from the statements as filed with the SEC; cash conversion from the cash flow statement.
Other Precious Metals & Mining
Ranks #1 of 7 by Smart Score