HECLA MINING CO/DE/ HL
For information regarding the organization of our business segments and our significant customers, see Note 4 of Notes to Consolidated Financial Statements.
Hecla Mining Company and its subsidiaries have provided precious and base metals to the U.S. and the world since 1891 (in this report, "we" or "our" or "us" refers to Hecla Mining Company and our affiliates and subsidiaries, unless the context requires otherwise). We discover, acquire and develop mines and other mineral interests and produce and market (i) concentrates containing silver, gold, lead, zinc and copper, (ii) carbon material containing silver and gold, and (iii) unrefined doré containing silver and gold. In doing so, we intend to manage our business activities in a safe, environmentally responsible and cost-effective manner.
Valuation FY2025 figures against the last close
Annual financial statements
Income statement
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| 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 | $425.3M | $462.0M |
| Gross profit | $622.2M | $198.2M | $112.9M | $116.2M | $217.8M | $161.1M | $33.8M | $79.1M | $152.4M | $184.0M |
| R&D | — | — | — | — | — | $0 | $535.0K | $5.4M | $3.3M | $243.0K |
| SG&A | $57.6M | $45.4M | $42.7M | $43.4M | $34.6M | $35.6M | $35.8M | $36.5M | $35.6M | $45.0M |
| Total operating expenses | $107.4M | $91.9M | $157.6M | $128.6M | $134.4M | $94.1M | $80.5M | $118.2M | $92.3M | $74.6M |
| Operating income | $514.8M | $106.3M | -$44.7M | -$12.4M | $83.4M | $67.0M | -$46.7M | -$39.1M | $60.1M | $109.4M |
| Interest expense | $41.6M | $49.8M | $43.3M | $42.8M | $41.9M | $49.6M | $48.4M | $40.9M | $38.0M | $21.8M |
| Pre-tax income | $479.2M | $66.2M | -$83.0M | -$44.9M | $5.5M | -$1.3M | -$113.2M | -$33.3M | -$7.6M | $89.7M |
| Income tax | $157.5M | $30.4M | $1.2M | $7.6M | $29.6M | $8.2M | $18.3M | $6.7M | $21.0M | $28.1M |
| Net income | $321.7M | $35.8M | -$84.2M | -$37.3M | $35.1M | -$9.5M | -$94.9M | -$26.6M | -$28.5M | $61.6M |
| EPS, basic | 0.49 | 0.06 | -0.14 | -0.07 | 0.06 | -0.02 | -0.19 | -0.06 | -0.07 | 0.16 |
| EPS, diluted | 0.49 | 0.06 | -0.14 | -0.07 | 0.06 | -0.02 | -0.19 | -0.06 | -0.07 | 0.16 |
| Shares, diluted (wtd. avg.) | $655.8M | $622.5M | $605.7M | $557.3M | $542.2K | $527.3M | $490.4M | $433.4M | $397.4M | $389.3M |
Balance sheet
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and equivalents | $241.6M | $26.9M | $106.4M | $104.7M | $210.0M | $129.8M | $62.5M | $27.4M | $186.1M | $169.8M |
| Short-term investments | $59.6M | $0 | — | — | — | — | — | $0 | $33.8M | $29.1M |
| Receivables | $170.2M | $31.5M | $19.4M | $45.1M | $36.4M | $27.9M | $12.0M | $4.2M | $14.8M | $20.1M |
| Inventory | $38.1M | $35.0M | $28.8M | $37.3M | — | $57.6M | $30.1M | — | — | — |
| Total current assets | $629.3M | $214.2M | $260.3M | $267.7M | $341.6M | $284.3M | $178.8M | $164.2M | $321.2M | $291.1M |
| Property, plant and equipment | $2.84B | $2.69B | $2.67B | $2.57B | $2.31B | $2.38B | $2.45B | $2.52B | $2.00B | $2.03B |
| Total assets | $3.56B | $2.98B | $3.01B | $2.93B | $2.73B | $2.70B | $2.66B | $2.70B | $2.35B | $2.36B |
| Accounts payable | $102.3M | $89.0M | $81.6M | $84.7M | $68.1M | $68.5M | $57.7M | $77.9M | $46.5M | $60.1M |
| Short-term debt | $0 | $33.6M | $0 | — | — | — | — | — | — | $470.0K |
| Total current liabilities | $231.6M | $197.8M | $157.5M | $178.5M | $160.4M | $147.2M | $117.0M | $136.2M | $112.1M | $126.2M |
| Long-term debt | — | — | — | — | — | — | $504.7M | $532.8M | $502.2M | $501.0M |
| Total liabilities | $969.0M | $941.5M | $1.04B | $948.2M | $968.0M | $986.4M | $964.2M | $1.01B | $883.9M | $891.8M |
| Retained earnings | -$182.1M | -$493.5M | -$503.9M | -$403.9M | -$353.7M | -$368.1M | -$349.2M | -$248.3M | -$218.1M | -$185.0M |
| Total equity | $2.59B | $2.04B | $1.97B | $1.98B | $1.76B | $1.71B | $1.70B | $1.69B | $1.46B | $1.46B |
Cash flow
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $562.6M | $218.3M | $75.5M | $89.9M | $220.3M | $180.8M | $120.9M | $94.2M | $115.9M | $225.3M |
| Depreciation and amortisation | $165.6M | $190.5M | $163.7M | $145.1M | $172.7M | $155.0M | $196.4M | $140.9M | $126.5M | $124.9M |
| Stock-based compensation | $10.9M | $8.7M | $6.6M | $6.0M | $6.1M | $6.5M | $5.7M | $6.3M | $6.3M | $6.2M |
| Capital expenditure | $252.4M | $214.5M | $223.9M | $149.4M | $109.0M | $91.0M | $121.4M | $136.9M | $98.0M | $164.8M |
| Investing cash flow | -$270.5M | -$212.9M | -$231.3M | -$187.3M | -$107.0M | $92.9M | -$119.9M | -$236.5M | -$96.6M | -$197.5M |
| Financing cash flow | -$78.0M | -$83.8M | $156.3M | -$7.5M | -$32.6M | -$19.4M | $33.2M | -$14.9M | -$5.2M | -$12.0M |
| Dividends paid | $10.4M | $25.3M | $15.7M | $12.9M | $20.7M | $9.2M | $5.5M | $4.4M | $4.0M | $3.9M |
| Buybacks | $885.0K | $1.2M | $2.0M | $3.7M | $4.5M | $2.7M | $2.2M | $2.7M | $2.9M | $4.4M |
Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001193125-26-151210.
Others in SIC 1400
| Ticker | Company | Market cap | P/E | Revenue growth |
|---|---|---|---|---|
| VMC | Vulcan Materials CO | $34.08B | 32.4x | 7.1% |
| MLM | MARTIN MARIETTA MATERIALS INC | $30.92B | 27.4x | 8.6% |
| MDU | MDU RESOURCES GROUP INC | $4.12B | 21.0x | 6.3% |
| UUUU | ENERGY FUELS INC | $3.62B | — | -15.6% |
| KNF | Knife River Corp | $3.51B | 22.4x | 8.5% |
| LEU | CENTRUS ENERGY CORP | $3.46B | 44.6x | 1.5% |
| USLM | UNITED STATES LIME & MINERALS INC | $3.35B | 25.0x | 17.3% |
| CMP | COMPASS MINERALS INTERNATIONAL INC | $1.06B | — | 11.3% |