Hecla Mining Company (HL) Income Statement
HL 2025 at a glance
Fiscal year ended December 31, 2025 · U.S. dollarsHL revenue and net income
Where HL's revenue goes
2025Each bar shows an amount and its share of revenue. HL kept 22.6% of revenue as net income.
HL profit margins
HL growth rates
to 2025| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Revenue | +53.0% | +25.6% | +15.5% | +12.4% |
| Gross profit | +213.9% | +75.0% | +31.0% | +32.1% |
| Operating income | +405.0% | — | +51.6% | — |
| Net income | +798.6% | — | — | — |
| EPS (diluted) | +360.0% | +97.2% | +63.0% | — |
1-year change and average annual growth (CAGR) over 3, 5 and 10 fiscal years. "—" when a starting value was zero or negative.
HL quarterly EPS vs estimates
Hecla Mining beat the analyst EPS estimate in 4 of the last 8 quarters. Next report: November 4, 2026.
HL income statement
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $1.42B | $929.9M | $720.2M | $718.9M | $807.5M | $691.9M | $673.3M | $567.1M | $577.8M | $646.0M |
| Cost of revenue | $800.8M | $731.7M | $607.3M | $602.7M | $589.7M | $530.8M | $639.4M | $488.0M | $420.8M | $454.5M |
| Gross profit | $622.2M | $198.2M | $112.9M | $116.2M | $217.8M | $161.1M | $33.8M | $79.1M | $157.0M | $191.5M |
| Research & development | — | — | — | — | $7.6M | $2.4M | $3.7M | $10.3M | $8.7M | $3.4M |
| Sales, general & admin | $57.6M | $45.4M | $71.1M | $43.4M | $34.6M | $35.6M | $35.8M | $36.5M | $35.6M | $45.0M |
| Total operating expenses | $85.5M | $91.9M | $157.6M | $128.6M | $134.4M | $94.1M | $80.5M | $84.2M | $70.4M | $66.3M |
| Operating income | $536.7M | $106.3M | −$44.7M | −$12.4M | $83.4M | $67.0M | −$46.7M | −$39.1M | $64.6M | $116.9M |
| Interest income | $35.0M | $45.2M | $44.5M | $40.3M | $77.3M | $68.2M | $66.5M | $907,000 | $1.7M | $507,000 |
| Interest expense | $41.6M | $49.8M | $43.3M | $42.8M | $41.9M | $49.6M | $48.4M | $40.9M | $38.0M | $21.8M |
| Income before taxes | $479.2M | $66.2M | −$83.0M | −$44.9M | $5.5M | −$1.3M | −$113.2M | −$33.3M | −$3.6M | $97.0M |
| Income taxes | $157.5M | $30.4M | $1.2M | −$7.6M | −$29.6M | $8.2M | −$18.3M | −$6.7M | $19.9M | $27.4M |
| Net income | $321.7M | $35.8M | −$84.2M | −$37.3M | $35.1M | −$9.5M | −$94.9M | −$26.6M | −$23.5M | $69.5M |
| EBITDA | $686.3M | $306.5M | $124.0M | $143.0M | $220.1M | $203.3M | $139.7M | $173.3M | $184.0M | $236.2M |
| EPS (diluted) | $0.46 | $0.10 | −$0.01 | $0.06 | $0.25 | $0.04 | −$0.13 | −$0.09 | $0.08 | $0.19 |
| Gross margin | 43.7% | 21.3% | 15.7% | 16.2% | 27.0% | 23.3% | 5.0% | 13.9% | 27.2% | 29.6% |
| Operating margin | 37.7% | 11.4% | −6.2% | −1.7% | 10.3% | 9.7% | −6.9% | −6.9% | 11.2% | 18.1% |
| Net margin | 22.6% | 3.8% | −11.7% | −5.2% | 4.3% | −1.4% | −14.1% | −4.7% | −4.1% | 10.8% |
| Jun '26 | Mar '26 | Dec '25 | Sep '25 | Jun '25 | Mar '25 | Dec '24 | Sep '24 | Jun '24 | Mar '24 | Dec '23 | Sep '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $333.9M | $411.4M | $448.1M | $409.5M | $304.0M | $261.3M | $249.7M | $245.1M | $245.7M | $189.5M | $160.7M | $181.9M |
| Cost of revenue | $117.3M | $158.2M | $199.9M | $229.1M | $184.5M | $187.3M | $181.3M | $185.8M | $194.2M | $170.4M | $153.8M | $148.4M |
| Gross profit | $216.6M | $253.3M | $248.2M | $180.5M | $119.5M | $74.0M | $68.3M | $59.3M | $51.4M | $19.2M | $6.9M | $33.5M |
| Sales, general & admin | $15.2M | $15.8M | $19.2M | $13.9M | $12.5M | $12.0M | $12.4M | $10.4M | $14.7M | $13.5M | $12.3M | $7.6M |
| Total operating expenses | $70.9M | $25.6M | $19.9M | $31.8M | $25.8M | $21.6M | $30.2M | $36.8M | $10.8M | $14.1M | $49.3M | $46.1M |
| Operating income | $145.7M | $227.7M | $228.3M | $148.6M | $93.8M | $52.4M | $38.1M | $22.5M | $40.6M | $5.1M | −$42.4M | −$12.6M |
| Interest income | — | — | $26.2M | $4.5M | $5.0M | $8.3M | $19.3M | $10.5M | — | — | — | $12.9M |
| Interest expense | $2.4M | $5.7M | $5.5M | $13.4M | $11.1M | $11.6M | $13.8M | $10.9M | $12.5M | $12.6M | $12.1M | $10.7M |
| Income before taxes | $136.6M | $215.6M | $188.3M | $155.6M | $90.3M | $45.0M | $20.0M | $13.2M | $37.0M | −$3.9M | −$48.6M | −$23.9M |
| Income taxes | $18.8M | $50.9M | $53.9M | $54.9M | $32.6M | $16.1M | $8.1M | $11.4M | $9.1M | $1.8M | −$5.7M | −$1.5M |
| Net income | $117.7M | −$19.0M | $134.4M | $100.7M | $57.7M | $28.9M | $11.9M | $1.8M | $27.9M | −$5.8M | −$42.9M | −$22.4M |
| EBITDA | $189.3M | $255.7M | $232.9M | $219.7M | $139.3M | $95.7M | $75.0M | $68.2M | $103.4M | $59.9M | $15.5M | $23.9M |
| EPS (diluted) | $0.17 | $0.24 | $0.22 | $0.12 | $0.08 | $0.04 | $0.04 | $0.03 | $0.02 | $0.01 | −$0.04 | −$0.01 |
| Gross margin | 64.9% | 61.6% | 55.4% | 44.1% | 39.3% | 28.3% | 27.4% | 24.2% | 20.9% | 10.1% | 4.3% | 18.4% |
| Operating margin | 43.6% | 55.3% | 50.9% | 36.3% | 30.8% | 20.0% | 15.3% | 9.2% | 16.5% | 2.7% | −26.4% | −6.9% |
| Net margin | 35.3% | −4.6% | 30.0% | 24.6% | 19.0% | 11.0% | 4.8% | 0.7% | 11.3% | −3.0% | −26.7% | −12.3% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported in HL's financial statements (latest annual report filed February 17, 2026); data from EODHD. Sales, general & administrative expenses include sales and marketing.
HL financial results
In fiscal year 2025 (ended December 31, 2025), Hecla Mining reported revenue of $1.4 billion, up 53.0% from the year before. It had net income of $321.7 million (up 798.6%), a net profit margin of 22.6%. Diluted earnings per share came to $0.46. Over five years revenue grew at an average rate of 15.5% a year.
See the HL stock overview for the latest quote and news, or the HL chart for price history and technical indicators.
HL income statement FAQ
What is Hecla Mining's annual revenue?
Hecla Mining reported total revenue of $1.4 billion for fiscal year 2025, which ended on December 31, 2025. That was up 53.0% from $929.9 million the previous year.
Is Hecla Mining profitable?
Yes. Hecla Mining reported net income of $321.7 million in fiscal 2025, a net profit margin of 22.6%; its operating margin was 37.7%.
What is Hecla Mining's gross margin?
Hecla Mining's gross margin was 43.7% in fiscal 2025: for every $100 of revenue, Hecla Mining kept $44 after the direct cost of its products and services.
How fast is Hecla Mining growing?
Revenue grew 15.5% a year on average over the last five fiscal years, from $691.9 million to $1.4 billion.
What are Hecla Mining's earnings per share?
Hecla Mining earned $0.46 per diluted share in fiscal 2025, compared with $0.10 a year earlier.
When will Hecla Mining report its next earnings?
Hecla Mining is expected to report results for the quarter ending September 30, 2026 on November 4, 2026.
When does Hecla Mining's fiscal year end?
Hecla Mining's fiscal year ends in December. The latest annual report covers the year ended December 31, 2025 and was filed on February 17, 2026.