Hecla Mining (HL) Financials

$19.41 -1.64 (-7.80%)

Closing price 03:59 PM Eastern

Extended Trading

$19.46 +0.05 (+0.26%)

As of 04:59 PM Eastern

Annual Income Statements for Hecla Mining

This table shows Hecla Mining's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Period end date	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025
Net Income / (Loss) Attributable to Common Shareholders	-88	61	-29	-27	-95	-10	35	-38	-85	35	321
Consolidated Net Income / (Loss)	-87	62	-29	-27	-95	-9.46	35	-37	-84	36	322
Net Income / (Loss) Continuing Operations	-87	62	-29	-27	-95	6.94	35	-37	-84	36	322
Total Pre-Tax Income	-31	90	-7.56	-33	-113	-1.26	5.53	-45	-83	66	479
Total Operating Income	-36	109	60	-39	-47	67	83	-12	-45	106	515
Total Gross Profit	39	184	152	79	34	161	218	116	113	198	622
Total Revenue	444	646	578	567	673	692	807	719	720	930	1,423
Operating Revenue	444	646	578	567	673	692	807	719	720	930	1,423
Total Cost of Revenue	405	462	425	488	639	531	590	603	607	732	801
Operating Cost of Revenue	405	462	425	488	639	531	590	603	607	732	801
Total Operating Expenses	74	75	92	118	81	94	134	129	158	92	107
Selling, General & Admin Expense	37	48	38	38	40	47	35	43	43	45	58
Exploration Expense	18	15	24	36	19	18	48	46	33	27	28
Depreciation Expense	-	-	-	-	-	-	-	-	0.00	15	0.00
Other Operating Expenses / (Income)	0.00	0.00	21	21	12	25	37	30	75	-2.21	14
Other Special Charges / (Income)	13	5.57	0.66	3.33	9.33	3.93	15	8.79	7.58	6.84	7.87
Total Other Income / (Expense), net	4.95	-20	-68	5.86	-67	-68	-78	-32	-38	-40	-36
Interest Expense	25	22	38	41	48	50	42	43	43	50	42
Other Income / (Expense), net	29	2.02	-29	47	-18	-19	-36	10	5.00	9.77	5.97
Income Tax Expense	56	28	21	-6.70	-18	-8.20	-30	-7.57	1.22	30	157
Preferred Stock Dividends Declared	0.55	0.55	-	0.55	0.55	0.55	0.55	0.55	0.55	0.55	0.55
Basic Earnings per Share	($0.23)	$0.16	($0.07)	($0.06)	($0.19)	($0.02)	$0.06	($0.07)	($0.14)	$0.06	$0.49
Weighted Average Basic Shares Outstanding	373.95M	386.42M	397.39M	433.42M	490.45M	527.33M	536.19M	557.34M	605.67M	620.85M	651.97M
Diluted Earnings per Share	($0.23)	$0.16	($0.07)	($0.06)	($0.19)	($0.02)	$0.06	($0.07)	($0.14)	$0.06	$0.49
Weighted Average Diluted Shares Outstanding	373.95M	389.32M	397.39M	433.42M	490.45M	527.33M	542.18M	557.34M	605.67M	622.54M	655.77M
Weighted Average Basic & Diluted Shares Outstanding	380.50M	383.30M	2.91B	451.90M	495.54M	535.19M	538.35M	607.82M	625.12M	631.83M	670.35M
Cash Dividends to Common per Share	$0.01	-	-	$0.01	$0.01	$0.01	$0.04	$0.04	$0.04	$0.04	$0.04

This table shows Hecla Mining's income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026
Period end date	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025	6/30/2025	9/30/2025	12/31/2025	3/31/2026
Net Income / (Loss) Attributable to Common Shareholders	-23	-43	-5.89	28	1.62	12	29	58	101	134	-19
Consolidated Net Income / (Loss)	-22	-43	-5.75	28	1.76	12	29	58	101	134	-19
Net Income / (Loss) Continuing Operations	-22	-43	-5.75	28	1.76	8.75	24	58	101	134	162
Total Pre-Tax Income	-24	-49	-3.94	37	13	20	40	90	156	188	216
Total Operating Income	-13	-42	5.06	41	22	38	47	94	149	220	223
Total Gross Profit	33	6.87	19	51	59	68	69	120	180	248	253
Total Revenue	182	161	190	246	245	250	205	304	410	448	411
Operating Revenue	182	161	190	246	245	250	205	304	410	448	411
Total Cost of Revenue	148	154	170	194	186	181	137	185	229	200	158
Operating Cost of Revenue	148	154	170	194	186	181	137	185	229	200	158
Total Operating Expenses	46	49	14	11	37	30	21	26	32	28	30
Selling, General & Admin Expense	7.60	12	11	15	10	9.05	12	13	14	19	16
Exploration Expense	14	6.97	4.34	6.68	11	5.74	4.31	8.81	9.55	4.88	4.62
Other Operating Expenses / (Income)	23	29	-2.45	-12	14	12	4.17	3.58	7.13	-0.89	8.48
Other Special Charges / (Income)	2.26	1.16	0.99	1.15	1.54	3.16	0.79	0.84	1.27	4.97	1.30
Total Other Income / (Expense), net	-11	-6.22	-9.00	-3.65	-9.26	-21	-7.43	-3.49	6.96	-32	-9.71
Interest Expense	11	12	13	13	11	14	11	11	13	5.53	5.66
Other Income / (Expense), net	-0.56	5.91	3.64	8.86	1.64	-7.53	3.96	7.61	20	-26	-4.06
Income Tax Expense	-1.50	-5.68	1.82	9.08	11	8.07	16	33	55	54	51
Net Income / (Loss) Discontinued Operations	-	-	-	-	-	-	-	-	-	-	-184
Preferred Stock Dividends Declared	0.14	0.14	0.14	0.14	0.14	0.14	0.14	0.14	0.14	0.14	0.13
Basic Earnings per Share	($0.04)	($0.06)	($0.01)	$0.04	$0.00	$0.03	$0.05	$0.09	$0.15	$0.20	($0.03)
Weighted Average Basic Shares Outstanding	607.90M	605.67M	616.20M	617.11M	621.92M	620.85M	632.05M	636.93M	669.19M	651.97M	670.39M
Diluted Earnings per Share	($0.04)	($0.06)	($0.01)	$0.04	$0.00	$0.03	$0.05	$0.09	$0.15	$0.20	($0.03)
Weighted Average Diluted Shares Outstanding	607.90M	605.67M	616.20M	622.21M	625.74M	622.54M	634.71M	639.74M	671.94M	655.77M	675.15M
Weighted Average Basic & Diluted Shares Outstanding	618.23M	625.12M	626.29B	629.72B	637.02M	631.83M	632.56M	669.98M	670.10M	670.35M	670.71M
Cash Dividends to Common per Share	$0.00	$0.04	$0.00	$0.00	$0.00	$0.04	$0.00	$0.00	$0.00	-	$0.00

This table details how cash moves in and out of Hecla Mining's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Period end date	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025
Net Change in Cash & Equivalents	-54	16	14	-159	35	67	80	-105	1.63	-79	215
Net Cash From Operating Activities	106	225	116	94	121	181	220	90	75	218	563
Net Cash From Continuing Operating Activities	106	225	116	94	121	181	220	90	75	218	563
Net Income / (Loss) Continuing Operations	-87	62	-29	-27	-95	-9.46	35	-37	-84	36	322
Consolidated Net Income / (Loss)	-87	62	-29	-27	-95	-9.46	35	-37	-84	36	322
Depreciation Expense	113	125	126	141	196	155	173	145	164	190	166
Non-Cash Adjustments To Reconcile Net Income	14	12	36	-1.92	37	17	42	37	41	41	41
Changes in Operating Assets and Liabilities, net	65	25	-20	-20	-20	19	-29	-55	-45	-49	34
Net Cash From Investing Activities	-139	-197	-97	-237	-120	93	-107	-187	-231	-213	-271
Net Cash From Continuing Investing Activities	-139	-197	-97	-237	-120	-93	-107	-187	-231	-213	-271
Purchase of Property, Plant & Equipment	-137	-165	-98	-137	-121	-91	-109	-149	-224	-214	-252
Acquisitions	-0.81	-2.73	0.00	-139	-	0.00	0.00	8.95	0.23	0.00	0.00
Purchase of Investments	-0.95	-49	-57	-32	-0.39	-2.22	0.00	-32	-8.96	-0.07	-22
Sale of Property, Plant & Equipment	0.58	0.35	0.37	2.41	0.18	0.33	1.08	0.75	1.33	1.69	0.73
Sale and/or Maturity of Investments	0.01	19	50	65	1.76	0.00	1.81	9.38	0.00	0.00	28
Other Investing Activities, net	0.00	0.00	7.75	4.38	0.00	0.00	-0.87	-25	0.00	0.00	-25
Net Cash From Financing Activities	-17	-12	-5.25	-15	33	-19	-33	-7.50	156	-84	-78
Net Cash From Continuing Financing Activities	-17	-12	-5.25	-15	33	-19	-32	-7.50	156	-84	-78
Repayment of Debt	-11	-11	-7.46	-116	-288	-717	-7.29	-33	-111	-384	-436
Repurchase of Common Equity	-1.87	-4.44	-2.87	-2.69	-2.23	-2.75	-4.53	-3.68	-2.04	-1.20	-0.89
Payment of Dividends	-4.29	-4.42	-4.53	-4.95	-5.47	-9.15	-21	-13	-16	-25	-10
Issuance of Debt	-	0.00	0.00	102	280	716	0.00	25	239	279	153
Issuance of Common Equity	0.00	8.12	9.61	6.74	49	0.00	0.00	17	57	58	216
Cash Interest Paid	23	19	36	38	43	35	38	37	38	46	45
Cash Income Taxes Paid	-4.19	6.33	-23	0.12	-3.39	7.91	12	14	8.91	6.57	8.73

This table details how cash moves in and out of Hecla Mining's business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026
Period end date	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025	6/30/2025	9/30/2025	12/31/2025	3/31/2026
Net Change in Cash & Equivalents	-4.96	4.67	-26	-56	-2.30	5.66	5.97	273	-163	108	-21
Net Cash From Operating Activities	10	0.88	17	79	55	67	36	162	148	217	194
Net Cash From Continuing Operating Activities	10	0.88	17	79	55	67	28	162	147	218	183
Net Income / (Loss) Continuing Operations	-22	-43	-5.75	28	1.76	12	24	58	101	134	165
Consolidated Net Income / (Loss)	-22	-43	-5.75	28	1.76	12	29	58	101	134	-19
Net Income / (Loss) Discontinued Operations	-	-	-	-	-	-	-4.53	-	-	-	184
Depreciation Expense	37	52	51	54	44	41	31	38	49	39	34
Non-Cash Adjustments To Reconcile Net Income	16	4.83	9.07	-1.42	19	14	2.71	-2.44	-9.76	50	12
Changes in Operating Assets and Liabilities, net	-20	-13	-37	-1.65	-9.52	-0.03	-30	69	6.68	-5.92	-28
Net Cash From Discontinued Operating Activities	-	-	-	-	-	-	8.12	-	-	-	11
Net Cash From Investing Activities	-57	-68	-48	-49	-56	-61	-54	-54	-57	-105	166
Net Cash From Continuing Investing Activities	-57	-68	-48	-49	-56	-61	-38	-54	-57	-105	174
Purchase of Property, Plant & Equipment	-55	-63	-48	-50	-56	-61	-38	-58	-58	-82	-39
Purchase of Investments	-1.75	-7.21	-	-	-	-	0.00	-	-	-22	-56
Sale of Property, Plant & Equipment	0.08	1.17	0.05	1.23	0.20	0.22	0.06	0.07	0.59	0.02	0.74
Divestitures	-	-	-	-	-	-	0.00	-	-	-	168
Sale and/or Maturity of Investments	-	-	-	-	-	-	0.00	-	-	24	95
Other Investing Activities, net	-	-	-	-	-	-	0.00	-	-	-	5.23
Net Cash From Discontinued Investing Activities	-	-	-	-	-	-	-16	-	-	-	-8.80
Net Cash From Financing Activities	42	72	4.88	-84	-2.77	-1.46	15	165	-253	-4.77	-14
Net Cash From Continuing Financing Activities	42	72	4.88	-84	-2.77	-1.46	16	165	-254	-4.14	-5.13
Repayment of Debt	-14	-72	-15	-118	-140	-111	-87	-30	-310	-8.72	0.00
Repurchase of Common Equity	-	-	-1.20	-	-	-	0.00	-0.89	-	-	-1.16
Payment of Dividends	-3.95	-3.96	-3.99	-4.00	-8.70	-8.64	-2.51	-2.51	-2.65	-2.70	-2.79
Issuance of Debt	63	120	27	40	83	129	107	26	20	-	0.00
Issuance of Common Equity	-	31	1.10	-	57	-	0.00	174	42	-	0.06
Other Financing Activities, net	-3.23	-2.62	-3.03	-2.47	-	-	-1.62	-1.93	-3.05	-	-1.25
Net Cash From Discontinued Financing Activities	-	-	-	-	-	-	-0.67	-	-	-	-8.43
Cash Interest Paid	19	0.23	19	4.74	21	1.64	20	1.27	22	1.81	10
Cash Income Taxes Paid	1.23	1.52	0.13	4.87	0.73	0.84	0.86	5.52	1.04	1.31	5.72

This table presents Hecla Mining's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Period end date	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025
Total Assets	2,222	2,372	2,345	2,704	2,637	2,700	2,729	2,927	3,011	2,981	3,561
Total Current Assets	270	291	321	164	179	284	342	268	260	214	629
Cash & Equivalents	155	170	186	27	62	130	210	105	106	27	242
Short-Term Investments	0.00	29	34	-	-	-	-	-	-	0.00	60
Accounts Receivable	30	30	22	12	18	38	45	56	33	49	182
Inventories, net	46	50	55	88	66	96	68	91	94	105	82
Other Current Assets	9.45	12	11	11	12	19	19	16	27	33	23
Other Current Nonoperating Assets	-	-	-	-	-	-	-	-	-	-	41
Plant, Property, & Equipment, net	1,897	2,033	1,999	2,520	2,424	2,378	2,311	2,570	2,666	2,694	2,131
Total Noncurrent Assets	56	48	25	20	34	38	76	90	85	73	801
Long-Term Investments	1.52	5.00	7.56	6.58	6.21	15	11	24	34	34	48
Other Noncurrent Operating Assets	16	4.88	15	10	24	19	19	43	47	38	41
Other Noncurrent Nonoperating Assets	1.00	2.20	1.03	1.03	1.03	1.05	1.05	1.16	1.17	1.18	712
Total Liabilities & Shareholders' Equity	2,222	2,372	2,345	2,704	2,637	2,700	2,729	2,927	3,011	2,981	3,561
Total Liabilities	883	892	884	1,013	945	986	968	948	1,043	942	969
Total Current Liabilities	127	126	112	136	117	147	160	178	157	198	232
Short-Term Debt	11	6.12	5.61	0.00	11	9.50	5.61	-	0.00	42	4.26
Accounts Payable	51	60	47	78	58	69	68	85	82	89	78
Accrued Expenses	21	5.65	6.68	3.41	4.58	5.58	9.26	8.59	9.66	14	14
Current Deferred & Payable Income Tax Liabilities	8.92	9.06	5.92	7.73	4.78	5.77	12	4.03	3.50	6.31	19
Current Employee Benefit Liabilities	28	37	31	30	27	32	29	38	28	23	30
Other Current Liabilities	6.88	3.06	10	11	6.17	12	22	29	20	9.89	39
Other Current Nonoperating Liabilities	-	5.75	5.75	5.96	5.80	14	14	14	14	14	48
Total Noncurrent Liabilities	756	766	772	877	828	839	808	770	886	744	737
Long-Term Debt	500	501	502	533	505	507	516	518	653	509	263
Noncurrent Deferred & Payable Income Tax Liabilities	120	123	124	174	138	156	150	126	105	110	158
Other Noncurrent Operating Liabilities	53	91	92	123	129	132	137	126	128	125	146
Other Noncurrent Nonoperating Liabilities	-	-	-	-	-	-	-	-	-	-	170
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	1,339	1,480	1,461	1,691	1,692	1,714	1,761	1,979	1,968	2,040	2,592
Total Preferred & Common Equity	1,339	1,480	1,461	1,691	1,692	1,714	1,761	1,979	1,968	2,040	2,592
Preferred Stock	0.04	0.04	0.04	0.04	0.04	0.04	0.04	0.04	0.04	0.04	0.04
Total Common Equity	1,339	1,480	1,461	1,691	1,692	1,714	1,761	1,979	1,968	2,039	2,592
Common Stock	1,615	1,697	1,721	2,002	2,106	2,138	2,171	2,412	2,500	2,578	2,813
Retained Earnings	-233	-167	-218	-248	-353	-368	-354	-404	-504	-494	-182
Treasury Stock	-11	-15	-18	-21	-23	-23	-28	-32	-34	-35	-36
Accumulated Other Comprehensive Income / (Loss)	-33	-35	-23	-42	-37	-33	-28	2.45	5.84	-10	-3.33

This table presents Hecla Mining's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric	Q3 2022	Q1 2023	Q2 2023	Q3 2023	Q1 2024	Q2 2024	Q3 2024	Q1 2025	Q2 2025	Q3 2025	Q1 2026
Period end date	9/30/2022	3/31/2023	6/30/2023	9/30/2023	3/31/2024	6/30/2024	9/30/2024	3/31/2025	6/30/2025	9/30/2025	3/31/2026
Total Assets	2,935	2,926	2,945	2,961	2,994	2,940	2,956	3,024	3,309	3,222	3,376
Total Current Assets	284	245	259	248	255	200	206	246	515	388	958
Cash & Equivalents	145	96	107	101	80	25	22	24	297	134	588
Short-Term Investments	-	-	-	-	-	-	-	-	-	-	20
Accounts Receivable	25	42	31	32	50	49	57	80	63	123	242
Inventories, net	92	84	95	97	102	110	105	117	131	115	80
Other Current Assets	22	23	27	18	23	17	22	25	24	15	28
Other Current Nonoperating Assets	-	-	-	-	-	-	-	-	-	-	0.00
Plant, Property, & Equipment, net	2,554	2,588	2,616	2,648	2,663	2,658	2,665	2,701	2,714	2,733	2,123
Total Noncurrent Assets	97	93	71	64	76	82	84	76	80	101	295
Long-Term Investments	-	26	21	-	33	38	42	38	44	67	158
Other Noncurrent Operating Assets	50	52	46	60	42	42	41	38	35	33	136
Other Noncurrent Nonoperating Assets	1.25	1.35	1.17	1.16	1.16	1.17	1.18	1.18	1.18	1.17	1.17
Total Liabilities & Shareholders' Equity	2,935	2,926	2,945	2,961	2,994	2,940	2,956	3,024	3,309	3,222	3,376
Total Liabilities	980	933	953	983	1,036	960	917	950	999	772	805
Total Current Liabilities	161	165	151	145	153	156	189	173	193	180	194
Short-Term Debt	12	-	-	11	-	-	36	34	35	0.00	3.60
Accounts Payable	88	84	82	87	81	81	87	77	88	99	98
Accrued Expenses	11	8.53	9.69	10	9.66	10	10	11	8.84	13	12
Current Deferred & Payable Income Tax Liabilities	7.34	6.32	4.04	3.06	5.59	2.47	4.56	9.08	8.32	18	45
Current Employee Benefit Liabilities	26	41	26	23	29	26	26	19	26	28	14
Other Current Liabilities	12	20	16	5.65	22	22	19	18	12	19	19
Other Current Nonoperating Liabilities	5.18	5.19	14	5.19	5.19	14	5.19	5.16	14	2.91	2.91
Total Noncurrent Liabilities	818	768	801	838	883	804	729	777	806	592	612
Long-Term Debt	531	517	560	605	662	583	497	527	522	270	263
Noncurrent Deferred & Payable Income Tax Liabilities	154	121	119	109	98	101	111	124	155	197	194
Other Noncurrent Operating Liabilities	134	130	123	124	122	121	121	125	130	126	155
Other Noncurrent Nonoperating Liabilities	-	-	-	-	-	-	-	-	-	-	0.00
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	1,955	1,992	1,993	1,978	1,959	1,980	2,038	2,074	2,310	2,450	2,571
Total Preferred & Common Equity	1,955	1,992	1,993	1,978	1,959	1,980	2,038	2,074	2,310	2,450	2,571
Preferred Stock	0.04	0.04	0.04	0.04	0.04	0.04	0.04	0.04	0.04	0.04	0.04
Total Common Equity	1,955	1,992	1,993	1,978	1,959	1,980	2,038	2,074	2,310	2,450	2,571
Common Stock	2,392	2,426	2,443	2,466	2,507	2,511	2,573	2,584	2,762	2,808	2,817
Retained Earnings	-397	-411	-431	-457	-514	-490	-497	-467	-412	-314	-204
Treasury Stock	-32	-32	-34	-34	-35	-35	-35	-35	-36	-36	-37
Accumulated Other Comprehensive Income / (Loss)	-8.97	8.96	14	2.81	0.43	-6.05	-2.88	-7.83	-4.58	-8.98	-5.49

This table displays calculated financial ratios and metrics derived from Hecla Mining's official financial filings.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Period end date	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	-11.43%	45.63%	-10.56%	-1.84%	18.71%	2.76%	16.71%	-10.97%	0.18%	29.12%	53.03%
EBITDA Growth	-29.44%	120.06%	-33.28%	-5.19%	-10.90%	51.43%	8.27%	-35.02%	-13.31%	147.20%	123.91%
EBIT Growth	-115.72%	1,914.93%	-72.53%	-74.81%	-939.77%	174.58%	-1.74%	-104.47%	-1,770.63%	392.49%	348.74%
NOPAT Growth	-181.37%	401.48%	-44.01%	-165.10%	-19.30%	243.49%	1,029.99%	-101.64%	-259.17%	283.75%	501.48%
Net Income Growth	-587.93%	170.80%	-146.32%	6.86%	-257.30%	90.04%	471.10%	-206.42%	-125.49%	142.51%	798.59%
EPS Growth	-560.00%	169.57%	-143.75%	14.29%	-216.67%	89.47%	400.00%	-216.67%	-100.00%	142.86%	716.67%
Operating Cash Flow Growth	28.06%	111.68%	-48.57%	-18.69%	28.28%	49.58%	21.87%	-59.20%	-16.01%	189.11%	157.76%
Free Cash Flow Firm Growth	58.74%	33.70%	625.69%	-673.19%	103.78%	420.61%	498.43%	-156.92%	54.20%	112.01%	3,940.33%
Invested Capital Growth	-0.08%	5.33%	-2.22%	25.23%	-2.30%	-2.13%	-1.14%	14.77%	4.75%	1.61%	-0.98%
Revenue Q/Q Growth	-1.48%	8.19%	89.38%	-34.63%	15.12%	-4.95%	-0.47%	1.37%	-4.53%	10.58%	16.21%
EBITDA Q/Q Growth	-13.14%	14.64%	-8.37%	-19.05%	65.90%	-9.66%	-7.17%	11.41%	-20.27%	22.51%	29.89%
EBIT Q/Q Growth	-159.84%	22.53%	-22.11%	-80.82%	33.03%	0.98%	-23.92%	81.08%	-834.06%	137.03%	44.37%
NOPAT Q/Q Growth	-14.32%	508.59%	-95.78%	45.85%	47.65%	33.85%	247.83%	-166.05%	-280.98%	218.89%	62.01%
Net Income Q/Q Growth	-1,125.07%	550.20%	-324.04%	16.57%	17.67%	50.90%	18.18%	-77.67%	-84.15%	287.87%	61.48%
EPS Q/Q Growth	-1,050.00%	633.33%	-275.00%	25.00%	24.00%	33.33%	0.00%	-40.00%	-55.56%	300.00%	53.13%
Operating Cash Flow Q/Q Growth	3.02%	12.33%	-8.27%	-19.45%	46.29%	4.41%	-4.98%	-16.09%	-31.82%	43.90%	36.21%
Free Cash Flow Firm Q/Q Growth	75.19%	65.19%	-91.31%	-6.98%	167.35%	-33.20%	218.67%	-9.36%	2.67%	255.64%	81.64%
Invested Capital Q/Q Growth	-2.57%	1.10%	-4.15%	-1.00%	-1.67%	1.03%	0.92%	1.02%	-0.12%	0.95%	-0.08%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	8.68%	28.49%	26.39%	13.95%	5.02%	23.28%	26.97%	16.16%	15.68%	21.31%	43.72%
EBITDA Margin	24.41%	36.88%	27.51%	26.57%	19.94%	29.39%	27.26%	19.90%	17.22%	32.96%	48.23%
Operating Margin	-8.03%	16.94%	10.40%	-6.90%	-6.93%	9.68%	10.33%	-1.73%	-6.20%	11.43%	36.18%
EBIT Margin	-1.38%	17.25%	5.30%	1.36%	-9.62%	6.98%	5.88%	-0.30%	-5.51%	12.48%	36.60%
Profit (Net Income) Margin	-19.61%	9.53%	-4.94%	-4.68%	-14.10%	-1.37%	4.35%	-5.20%	-11.69%	3.85%	22.61%
Tax Burden Percent	283.67%	68.67%	377.40%	79.86%	83.82%	751.75%	635.09%	83.15%	101.47%	54.07%	67.14%
Interest Burden Percent	499.23%	80.44%	-24.68%	-431.22%	174.79%	-2.60%	11.64%	2,117.59%	209.18%	57.06%	92.02%
Effective Tax Rate	0.00%	31.33%	0.00%	0.00%	0.00%	0.00%	-535.09%	0.00%	0.00%	45.93%	32.86%
Return on Invested Capital (ROIC)	-1.46%	4.30%	2.37%	-1.39%	-1.51%	2.21%	25.39%	-0.39%	-1.28%	2.29%	13.66%
ROIC Less NNEP Spread (ROIC-NNEP)	-20.01%	0.28%	-21.01%	-1.18%	-14.53%	-11.26%	-116.18%	-8.39%	-12.69%	-1.96%	2.52%
Return on Net Nonoperating Assets (RNNOA)	-4.89%	0.07%	-4.31%	-0.30%	-4.10%	-2.77%	-23.37%	-1.61%	-2.98%	-0.50%	0.23%
Return on Equity (ROE)	-6.36%	4.37%	-1.94%	-1.69%	-5.61%	-0.56%	2.02%	-2.00%	-4.27%	1.79%	13.89%
Cash Return on Invested Capital (CROIC)	-1.38%	-0.89%	4.62%	-23.79%	0.82%	4.36%	26.53%	-14.14%	-5.92%	0.69%	14.64%
Operating Return on Assets (OROA)	-0.27%	4.85%	1.30%	0.31%	-2.43%	1.81%	1.75%	-0.08%	-1.34%	3.87%	15.92%
Return on Assets (ROA)	-3.88%	2.68%	-1.21%	-1.05%	-3.55%	-0.35%	1.29%	-1.32%	-2.84%	1.20%	9.84%
Return on Common Equity (ROCE)	-6.36%	4.37%	-1.94%	-1.69%	-5.61%	-0.56%	2.02%	-2.00%	-4.27%	1.79%	13.89%
Return on Equity Simple (ROE_SIMPLE)	-6.50%	4.16%	-1.95%	-1.57%	-5.61%	-0.55%	1.99%	-1.89%	-4.28%	1.76%	0.00%
Net Operating Profit after Tax (NOPAT)	-25	75	42	-27	-33	47	530	-8.71	-31	57	346
NOPAT Margin	-5.62%	11.63%	7.28%	-4.83%	-4.85%	6.78%	65.61%	-1.21%	-4.34%	6.18%	24.29%
Net Nonoperating Expense Percent (NNEP)	18.55%	4.02%	23.38%	-0.21%	13.02%	13.47%	141.56%	8.00%	11.40%	4.24%	11.14%
Return On Investment Capital (ROIC_SIMPLE)	-1.34%	3.77%	2.13%	-1.23%	-1.48%	2.10%	23.21%	-0.35%	-1.19%	2.23%	12.08%
Cost of Revenue to Revenue	91.32%	71.52%	73.61%	86.05%	94.98%	76.72%	73.03%	83.84%	84.32%	78.69%	56.28%
SG&A Expenses to Revenue	8.43%	7.46%	6.60%	6.72%	5.95%	6.79%	4.28%	6.03%	5.93%	4.88%	4.05%
R&D to Revenue	0.95%	0.52%	1.51%	1.82%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	16.71%	11.54%	15.98%	20.85%	11.96%	13.60%	16.64%	17.89%	21.89%	9.89%	7.55%
Earnings before Interest and Taxes (EBIT)	-6.14	111	31	7.71	-65	48	47	-2.12	-40	116	521
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	108	238	159	151	134	203	220	143	124	307	686
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	0.51	1.33	1.04	0.59	0.96	1.95	1.58	1.55	1.47	1.50	4.86
Price to Tangible Book Value (P/TBV)	0.51	1.33	1.04	0.59	0.96	1.95	1.58	1.55	1.47	1.50	4.86
Price to Revenue (P/Rev)	1.53	3.04	2.63	1.75	2.40	4.82	3.44	4.25	4.01	3.28	8.84
Price to Earnings (P/E)	0.00	32.20	0.00	0.00	0.00	0.00	80.50	0.00	0.00	86.65	39.18
Dividend Yield	0.69%	0.20%	0.26%	0.44%	0.30%	0.26%	0.74%	0.41%	0.53%	0.82%	0.08%
Earnings Yield	0.00%	3.11%	0.00%	0.00%	0.00%	0.00%	1.24%	0.00%	0.00%	1.15%	2.55%
Enterprise Value to Invested Capital (EV/IC)	0.61	1.27	1.03	0.68	0.96	1.77	1.49	1.45	1.36	1.40	4.97
Enterprise Value to Revenue (EV/Rev)	2.35	3.52	3.13	2.63	3.07	5.36	3.82	4.80	4.73	3.80	8.79
Enterprise Value to EBITDA (EV/EBITDA)	9.63	9.54	11.38	9.88	15.38	18.25	14.00	24.10	27.45	11.54	18.22
Enterprise Value to EBIT (EV/EBIT)	0.00	20.40	59.08	193.03	0.00	76.79	64.91	0.00	0.00	30.47	24.01
Enterprise Value to NOPAT (EV/NOPAT)	0.00	30.25	43.00	0.00	0.00	79.12	5.82	0.00	0.00	61.54	36.18
Enterprise Value to Operating Cash Flow (EV/OCF)	9.80	10.09	15.61	15.80	17.09	20.52	13.98	38.35	45.08	16.20	22.22
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	0.00	22.08	0.00	116.22	40.10	5.57	0.00	0.00	203.96	33.75
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.39	0.35	0.35	0.32	0.30	0.30	0.30	0.26	0.33	0.27	0.10
Long-Term Debt to Equity	0.38	0.34	0.35	0.32	0.30	0.30	0.29	0.26	0.33	0.25	0.10
Financial Leverage	0.24	0.24	0.21	0.25	0.28	0.25	0.20	0.19	0.24	0.25	0.09
Leverage Ratio	1.64	1.63	1.60	1.60	1.58	1.57	1.56	1.51	1.50	1.50	1.41
Compound Leverage Factor	8.18	1.31	-0.40	-6.91	2.76	-0.04	0.18	32.03	3.15	0.85	1.30
Debt to Total Capital	27.99%	25.74%	26.02%	23.96%	23.36%	23.17%	22.85%	20.74%	24.92%	21.01%	9.39%
Short-Term Debt to Total Capital	0.62%	0.31%	0.28%	0.00%	0.50%	0.43%	0.25%	0.00%	0.00%	1.30%	0.00%
Long-Term Debt to Total Capital	27.38%	25.43%	25.74%	23.96%	22.86%	22.74%	22.60%	20.74%	24.92%	19.71%	9.39%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Common Equity to Total Capital	72.01%	74.26%	73.98%	76.04%	76.64%	76.83%	77.15%	79.26%	75.08%	78.99%	90.61%
Debt to EBITDA	4.81	2.15	3.23	3.54	3.84	2.54	2.37	3.62	5.27	1.77	0.39
Net Debt to EBITDA	3.36	1.30	1.80	3.31	3.33	1.83	1.37	2.72	4.14	1.57	-0.12
Long-Term Debt to EBITDA	4.70	2.13	3.20	3.54	3.76	2.49	2.34	3.62	5.27	1.66	0.39
Debt to NOPAT	-20.88	6.83	12.22	-19.45	-15.78	11.02	0.98	-59.47	-20.88	9.44	0.78
Net Debt to NOPAT	-14.59	4.11	6.81	-18.21	-13.68	7.93	0.57	-44.68	-16.40	8.38	-0.23
Long-Term Debt to NOPAT	-20.42	6.74	12.08	-19.45	-15.45	10.82	0.97	-59.47	-20.88	8.86	0.78
Altman Z-Score	0.58	1.73	1.30	0.69	1.04	2.22	1.98	2.02	1.67	2.16	8.74
Noncontrolling Interest Sharing Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Current Ratio	2.12	2.31	2.86	1.21	1.53	1.93	2.13	1.50	1.65	1.08	2.72
Quick Ratio	1.46	1.81	2.16	0.29	0.69	1.14	1.59	0.90	0.89	0.38	2.11
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	-24	-16	82	-470	18	93	554	-315	-144	17	370
Operating Cash Flow to CapEx	77.77%	137.03%	118.65%	70.04%	99.69%	199.36%	204.07%	60.48%	33.92%	102.57%	223.58%
Free Cash Flow to Firm to Interest Expense	-0.93	-0.71	2.15	-11.47	0.37	1.87	13.20	-7.36	-3.33	0.35	8.91
Operating Cash Flow to Interest Expense	4.19	10.34	3.05	2.30	2.49	3.65	5.25	2.10	1.74	4.38	13.53
Operating Cash Flow Less CapEx to Interest Expense	-1.20	2.79	0.48	-0.98	-0.01	1.82	2.68	-1.37	-3.39	0.11	7.48
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.20	0.28	0.25	0.22	0.25	0.26	0.30	0.25	0.24	0.31	0.44
Accounts Receivable Turnover	16.31	21.62	22.36	33.92	44.88	24.72	19.65	14.32	16.19	22.63	12.04
Inventory Turnover	8.71	9.67	8.06	6.83	8.32	6.54	7.19	7.61	6.59	7.37	7.29
Fixed Asset Turnover	0.24	0.33	0.29	0.25	0.27	0.29	0.34	0.29	0.28	0.35	0.51
Accounts Payable Turnover	8.70	8.30	7.98	7.85	9.43	8.41	8.63	7.89	7.30	8.58	8.38
Days Sales Outstanding (DSO)	22.37	16.88	16.32	10.76	8.13	14.77	18.58	25.49	22.54	16.13	30.32
Days Inventory Outstanding (DIO)	41.91	37.75	45.26	53.47	43.88	55.84	50.74	47.97	55.39	49.53	50.07
Days Payable Outstanding (DPO)	41.97	43.99	45.75	46.52	38.69	43.40	42.28	46.28	49.99	42.54	43.58
Cash Conversion Cycle (CCC)	22.31	10.65	15.84	17.71	13.32	27.20	27.03	27.19	27.94	23.12	36.81
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	1,702	1,792	1,753	2,195	2,144	2,099	2,075	2,381	2,494	2,534	2,518
Invested Capital Turnover	0.26	0.37	0.33	0.29	0.31	0.33	0.39	0.32	0.30	0.37	0.56
Increase / (Decrease) in Invested Capital	-1.43	91	-40	442	-50	-46	-24	306	113	40	-25
Enterprise Value (EV)	1,043	2,274	1,809	1,489	2,065	3,710	3,081	3,447	3,403	3,536	12,504
Market Capitalization	679	1,965	1,522	990	1,618	3,338	2,781	3,058	2,890	3,055	12,584
Book Value per Share	$3.58	$3.74	$3.66	$3.52	$3.42	$3.23	$3.27	$3.26	$3.18	$3.20	$3.87
Tangible Book Value per Share	$3.58	$3.74	$3.66	$3.52	$3.42	$3.23	$3.27	$3.26	$3.18	$3.20	$3.87
Total Capital	1,859	1,993	1,975	2,224	2,208	2,231	2,282	2,497	2,621	2,582	2,860
Total Debt	520	513	514	533	516	517	521	518	653	543	269
Total Long-Term Debt	509	507	508	533	505	507	516	518	653	509	269
Net Debt	364	309	287	499	447	372	301	389	513	482	-80
Capital Expenditures (CapEx)	137	164	98	135	121	91	108	149	223	213	252
Debt-free, Cash-free Net Working Capital (DFCFNWC)	-1.30	-28	-5.15	0.57	11	17	-23	-15	-3.57	23	97
Debt-free Net Working Capital (DFNWC)	154	171	215	28	73	147	187	89	103	50	398
Net Working Capital (NWC)	142	165	209	28	62	137	181	89	103	16	398
Net Nonoperating Expense (NNE)	62	14	71	-0.83	62	56	495	29	53	22	24
Net Nonoperating Obligations (NNO)	363	313	291	504	452	385	314	402	526	495	-74
Total Depreciation and Amortization (D&A)	114	127	128	143	199	155	173	145	164	190	166
Debt-free, Cash-free Net Working Capital to Revenue	-0.29%	-4.32%	-0.89%	0.10%	1.59%	2.42%	-2.87%	-2.15%	-0.50%	2.48%	6.79%
Debt-free Net Working Capital to Revenue	34.70%	26.47%	37.16%	4.93%	10.87%	21.19%	23.14%	12.42%	14.27%	5.37%	27.95%
Net Working Capital to Revenue	32.11%	25.52%	36.19%	4.93%	9.23%	19.82%	22.45%	12.42%	14.27%	1.75%	27.95%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	($0.23)	$0.18	($0.06)	($0.06)	($0.20)	($0.03)	$0.06	$0.07	($0.14)	$0.06	$0.49
Adjusted Weighted Average Basic Shares Outstanding	373.95M	386.42M	397.39M	433.42M	490.45M	527.33M	536.19M	557.34M	605.67M	620.85M	651.97M
Adjusted Diluted Earnings per Share	($0.23)	$0.18	($0.06)	($0.06)	($0.20)	($0.03)	$0.06	$0.07	($0.14)	$0.06	$0.49
Adjusted Weighted Average Diluted Shares Outstanding	373.95M	389.32M	397.39M	433.42M	490.45M	527.33M	542.18M	557.34M	605.67M	622.54M	655.77M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	($0.20)	$0.00	$0.00	$0.07	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	378.56M	395.44M	399.40M	482.99M	495.54M	535.19M	538.35M	607.82M	625.12M	631.83M	670.35M
Normalized Net Operating Profit after Tax (NOPAT)	-15	81	43	-18	-26	50	69	-2.55	-26	69	351
Normalized NOPAT Margin	-3.29%	12.51%	7.37%	-3.18%	-3.88%	7.17%	8.49%	-0.35%	-3.61%	7.42%	24.66%
Pre Tax Income Margin	-6.91%	13.88%	-1.31%	-5.87%	-16.82%	-0.18%	0.68%	-6.25%	-11.52%	7.12%	33.67%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	-0.24	5.11	0.81	0.19	-1.34	0.97	1.13	-0.05	-0.92	2.33	12.52
NOPAT to Interest Expense	-0.98	3.45	1.11	-0.67	-0.67	0.95	12.63	-0.20	-0.72	1.15	8.31
EBIT Less CapEx to Interest Expense	-5.63	-2.43	-1.76	-3.10	-3.84	-0.85	-1.44	-3.52	-6.05	-1.94	6.47
NOPAT Less CapEx to Interest Expense	-6.37	-4.10	-1.46	-3.95	-3.18	-0.88	10.06	-3.68	-5.86	-3.12	2.26
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	-4.93%	7.18%	-15.88%	-18.62%	-5.76%	-96.77%	58.90%	-34.63%	-18.66%	70.75%	3.22%
Augmented Payout Ratio	-7.09%	14.39%	-25.93%	-28.76%	-8.11%	-125.80%	71.80%	-44.47%	-21.08%	74.10%	3.50%

This table displays calculated financial ratios and metrics derived from Hecla Mining's official financial filings.

Metric	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026
Period end date	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025	6/30/2025	9/30/2025	12/31/2025	3/31/2026
DEI Shares Outstanding	-	-	-	-	-	-	-	-	-	-	670,349,801.00
DEI Adjusted Shares Outstanding	-	-	-	-	-	-	-	-	-	-	670,349,801.00
DEI Earnings Per Adjusted Shares Outstanding	-	-	-	-	-	-	-	-	-	-	-0.03
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	24.30%	-17.52%	-5.00%	37.91%	34.73%	55.36%	37.89%	23.76%	67.10%	79.49%	100.37%
EBITDA Growth	119.01%	-67.06%	19.56%	199.67%	198.87%	363.81%	59.75%	34.73%	220.07%	210.64%	209.28%
EBIT Growth	40.46%	-524.38%	-14.93%	22,477.83%	306.61%	183.89%	549.76%	104.96%	600.93%	473.82%	326.44%
NOPAT Growth	50.35%	-348.69%	101.39%	809.32%	133.86%	176.64%	847.25%	95.72%	3,111.82%	590.56%	490.47%
Net Income Growth	4.72%	-864.40%	-81.31%	277.58%	107.86%	127.77%	601.86%	107.05%	5,619.82%	1,027.21%	-165.90%
EPS Growth	0.00%	-500.00%	0.00%	233.33%	100.00%	150.00%	600.00%	125.00%	0.00%	566.67%	-160.00%
Operating Cash Flow Growth	142.08%	-97.55%	-57.93%	231.07%	437.46%	7,532.35%	109.24%	105.54%	169.14%	221.71%	443.53%
Free Cash Flow Firm Growth	53.34%	54.40%	81.73%	87.49%	93.19%	87.83%	73.01%	175.97%	955.94%	812.18%	1,945.83%
Invested Capital Growth	5.94%	4.75%	5.08%	3.07%	0.53%	1.61%	2.60%	1.05%	0.37%	-0.98%	-19.57%
Revenue Q/Q Growth	2.12%	-11.66%	17.95%	29.62%	-0.23%	1.86%	4.68%	16.33%	34.71%	9.42%	-8.19%
EBITDA Q/Q Growth	-30.75%	-35.19%	287.08%	72.49%	-30.93%	0.58%	33.32%	45.48%	56.80%	6.66%	8.84%
EBIT Q/Q Growth	-5,875.11%	-176.29%	123.86%	468.06%	-44.83%	12.18%	84.83%	79.19%	66.73%	14.68%	13.02%
NOPAT Q/Q Growth	-362.75%	-235.39%	111.94%	763.89%	-90.22%	659.22%	47.63%	78.50%	60.54%	63.24%	8.50%
Net Income Q/Q Growth	-42.83%	-91.55%	86.60%	584.44%	-93.68%	577.12%	142.13%	99.86%	74.55%	33.44%	-114.16%
EPS Q/Q Growth	-33.33%	-50.00%	83.33%	500.00%	-100.00%	0.00%	66.67%	80.00%	66.67%	33.33%	-115.00%
Operating Cash Flow Q/Q Growth	-56.95%	-91.36%	1,832.13%	360.88%	-30.12%	22.65%	-47.03%	352.73%	-8.50%	46.61%	-10.51%
Free Cash Flow Firm Q/Q Growth	57.80%	4.15%	17.36%	62.56%	77.02%	-71.24%	-83.22%	205.38%	158.88%	109.46%	-6.83%
Invested Capital Q/Q Growth	2.42%	-0.12%	0.71%	0.04%	-0.10%	0.95%	1.70%	-1.47%	-0.77%	-0.08%	4.95%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	18.40%	4.27%	10.11%	20.94%	24.19%	27.37%	28.32%	39.31%	44.07%	55.39%	61.55%
EBITDA Margin	13.13%	9.64%	31.62%	42.08%	29.13%	28.76%	36.63%	45.81%	53.32%	51.98%	61.62%
Operating Margin	-6.95%	-26.38%	2.67%	16.53%	9.17%	15.28%	20.03%	30.84%	36.30%	49.10%	54.23%
EBIT Margin	-7.26%	-22.70%	4.59%	20.13%	11.13%	12.26%	21.65%	33.34%	41.27%	43.25%	53.24%
Profit (Net Income) Margin	-12.32%	-26.72%	-3.04%	11.35%	0.72%	4.78%	11.05%	18.98%	24.59%	29.99%	-4.62%
Tax Burden Percent	93.73%	88.31%	146.09%	75.43%	13.33%	59.64%	64.14%	63.93%	64.73%	71.38%	-8.83%
Interest Burden Percent	181.11%	133.26%	-45.23%	74.71%	48.42%	65.32%	79.58%	89.05%	92.07%	97.15%	98.40%
Effective Tax Rate	0.00%	0.00%	0.00%	24.57%	86.67%	40.36%	35.86%	36.07%	35.27%	28.62%	23.61%
Return on Invested Capital (ROIC)	-1.51%	-5.46%	0.54%	3.92%	0.41%	3.37%	5.06%	8.27%	11.44%	19.71%	29.02%
ROIC Less NNEP Spread (ROIC-NNEP)	-4.45%	-8.31%	-1.41%	3.35%	0.16%	1.25%	4.17%	7.69%	13.10%	9.15%	-6,361.64%
Return on Net Nonoperating Assets (RNNOA)	-1.04%	-1.96%	-0.34%	0.83%	0.04%	0.32%	1.09%	1.37%	1.58%	0.85%	-8.12%
Return on Equity (ROE)	-2.56%	-7.41%	0.20%	4.74%	0.45%	3.69%	6.15%	9.64%	13.02%	20.56%	20.90%
Cash Return on Invested Capital (CROIC)	-6.11%	-5.92%	-6.25%	-3.29%	0.19%	0.69%	1.12%	3.83%	8.11%	14.64%	42.64%
Operating Return on Assets (OROA)	-1.86%	-5.51%	1.10%	5.32%	3.16%	3.81%	7.21%	11.31%	16.36%	18.82%	27.11%
Return on Assets (ROA)	-3.15%	-6.48%	-0.73%	3.00%	0.20%	1.48%	3.68%	6.44%	9.75%	13.05%	-2.35%
Return on Common Equity (ROCE)	-2.56%	-7.41%	0.20%	4.74%	0.45%	3.69%	6.15%	9.64%	13.02%	20.56%	20.90%
Return on Equity Simple (ROE_SIMPLE)	-2.31%	0.00%	-4.43%	-2.18%	-0.94%	0.00%	3.40%	0.00%	0.00%	0.00%	0.00%
Net Operating Profit after Tax (NOPAT)	-8.85	-30	3.54	31	3.00	23	34	60	96	157	170
NOPAT Margin	-4.86%	-18.47%	1.87%	12.47%	1.22%	9.11%	12.85%	19.71%	23.50%	35.05%	41.42%
Net Nonoperating Expense Percent (NNEP)	2.94%	2.86%	1.95%	0.56%	0.25%	2.12%	0.89%	0.59%	-1.66%	10.56%	6,390.66%
Return On Investment Capital (ROIC_SIMPLE)	-0.34%	-1.13%	0.14%	1.20%	0.12%	0.88%	1.27%	2.09%	3.54%	5.49%	6.01%
Cost of Revenue to Revenue	81.60%	95.73%	89.89%	79.06%	75.81%	72.63%	71.68%	60.69%	55.93%	44.61%	38.45%
SG&A Expenses to Revenue	4.18%	7.64%	5.92%	6.00%	4.24%	3.62%	4.59%	4.12%	3.39%	4.29%	3.83%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	25.35%	30.66%	7.44%	4.41%	15.02%	12.10%	8.28%	8.48%	7.77%	6.29%	7.33%
Earnings before Interest and Taxes (EBIT)	-13	-36	8.71	49	27	31	57	101	169	194	219
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	24	15	60	103	71	72	96	139	218	233	254
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	1.19	1.47	1.50	1.52	2.04	1.50	1.70	1.66	3.32	4.86	4.89
Price to Tangible Book Value (P/TBV)	1.19	1.47	1.50	1.52	2.04	1.50	1.70	1.66	3.32	4.86	4.89
Price to Revenue (P/Rev)	3.12	4.01	4.15	3.86	4.95	3.28	3.52	3.61	6.64	8.84	7.72
Price to Earnings (P/E)	0.00	0.00	0.00	0.00	0.00	86.65	50.50	38.41	40.92	39.18	46.03
Dividend Yield	0.59%	0.53%	0.53%	0.52%	0.49%	0.82%	0.68%	0.59%	0.21%	0.08%	0.08%
Earnings Yield	0.00%	0.00%	0.00%	0.00%	0.00%	1.15%	1.98%	2.60%	2.44%	2.55%	2.17%
Enterprise Value to Invested Capital (EV/IC)	1.15	1.36	1.39	1.40	1.84	1.40	1.56	1.59	3.25	4.97	5.83
Enterprise Value to Revenue (EV/Rev)	3.81	4.73	4.92	4.53	5.50	3.80	4.02	3.82	6.70	8.79	7.41
Enterprise Value to EBITDA (EV/EBITDA)	18.46	27.45	26.12	17.37	18.50	11.54	11.77	10.70	15.52	18.22	14.08
Enterprise Value to EBIT (EV/EBIT)	531.09	0.00	0.00	415.66	94.54	30.47	24.58	18.75	22.73	24.01	17.55
Enterprise Value to NOPAT (EV/NOPAT)	0.00	0.00	0.00	0.00	256.88	61.54	42.90	32.89	38.43	36.18	24.79
Enterprise Value to Operating Cash Flow (EV/OCF)	25.92	45.08	67.23	32.94	30.52	16.20	17.00	12.64	19.85	22.22	16.75
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	0.00	0.00	0.00	949.43	203.96	141.41	41.88	40.20	33.75	12.18
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.31	0.33	0.34	0.29	0.26	0.27	0.27	0.24	0.11	0.10	0.10
Long-Term Debt to Equity	0.31	0.33	0.34	0.29	0.24	0.25	0.25	0.23	0.11	0.10	0.10
Financial Leverage	0.23	0.24	0.24	0.25	0.25	0.25	0.26	0.18	0.12	0.09	0.00
Leverage Ratio	1.50	1.50	1.50	1.48	1.47	1.50	1.49	1.46	1.38	1.41	1.38
Compound Leverage Factor	2.72	2.00	-0.68	1.11	0.71	0.98	1.19	1.30	1.27	1.37	1.36
Debt to Total Capital	23.76%	24.92%	25.27%	22.73%	20.71%	21.01%	21.28%	19.43%	9.92%	9.39%	9.38%
Short-Term Debt to Total Capital	0.44%	0.00%	0.00%	0.00%	1.40%	1.30%	1.28%	1.23%	0.00%	0.00%	0.13%
Long-Term Debt to Total Capital	23.32%	24.92%	25.27%	22.73%	19.32%	19.71%	20.01%	18.19%	9.92%	9.39%	9.26%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Common Equity to Total Capital	76.24%	75.08%	74.72%	77.27%	79.28%	78.99%	78.72%	80.57%	90.08%	90.61%	90.61%
Debt to EBITDA	3.96	5.27	4.95	2.87	2.13	1.77	1.64	1.47	0.51	0.39	0.31
Net Debt to EBITDA	3.32	4.14	4.11	2.56	1.87	1.57	1.46	0.57	0.13	-0.12	-0.58
Long-Term Debt to EBITDA	3.89	5.27	4.95	2.87	1.99	1.66	1.54	1.38	0.51	0.39	0.31
Debt to NOPAT	-75.08	-20.88	-20.96	-88.78	29.55	9.44	5.97	4.53	1.26	0.78	0.55
Net Debt to NOPAT	-62.81	-16.40	-17.38	-79.22	25.98	8.38	5.32	1.76	0.32	-0.23	-1.02
Long-Term Debt to NOPAT	-73.70	-20.88	-20.96	-88.78	27.56	8.86	5.61	4.24	1.26	0.78	0.54
Altman Z-Score	1.50	1.67	1.75	1.98	2.81	2.07	2.44	2.66	6.81	8.43	10.25
Noncontrolling Interest Sharing Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Current Ratio	1.71	1.65	1.67	1.29	1.09	1.08	1.43	2.67	2.15	2.72	4.94
Quick Ratio	0.91	0.89	0.85	0.48	0.42	0.38	0.60	1.87	1.43	2.11	4.38
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	-149	-143	-118	-44	-10	-17	-32	34	87	182	675
Operating Cash Flow to CapEx	18.52%	1.44%	35.93%	160.02%	99.12%	111.40%	66.13%	279.10%	258.29%	263.65%	504.14%
Free Cash Flow to Firm to Interest Expense	-13.91	-11.77	-9.33	-3.53	-0.93	-1.26	-2.76	3.02	6.48	32.92	119.30
Operating Cash Flow to Interest Expense	0.96	0.07	1.35	6.29	5.05	4.89	3.09	14.58	11.04	39.28	34.34
Operating Cash Flow Less CapEx to Interest Expense	-4.21	-4.99	-2.41	2.36	-0.05	0.50	-1.58	9.35	6.77	24.38	27.53
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.26	0.24	0.24	0.26	0.28	0.31	0.33	0.34	0.40	0.44	0.51
Accounts Receivable Turnover	26.33	16.19	15.37	19.44	18.92	22.63	15.37	18.82	13.59	12.04	10.11
Inventory Turnover	6.58	6.59	6.58	6.53	6.98	7.37	6.82	6.14	7.13	7.29	8.32
Fixed Asset Turnover	0.29	0.28	0.27	0.30	0.32	0.35	0.37	0.39	0.45	0.51	0.68
Accounts Payable Turnover	7.12	7.30	7.43	8.21	8.09	8.58	9.44	8.76	8.39	8.38	9.39
Days Sales Outstanding (DSO)	13.86	22.54	23.75	18.77	19.29	16.13	23.75	19.40	26.86	30.32	36.10
Days Inventory Outstanding (DIO)	55.45	55.39	55.51	55.93	52.32	49.53	53.51	59.42	51.20	50.07	43.88
Days Payable Outstanding (DPO)	51.24	49.99	49.11	44.44	45.12	42.54	38.65	41.65	43.50	43.58	38.86
Cash Conversion Cycle (CCC)	18.06	27.94	30.14	30.26	26.49	23.12	38.61	37.17	34.56	36.81	41.11
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	2,497	2,494	2,512	2,513	2,511	2,534	2,578	2,540	2,520	2,518	2,073
Invested Capital Turnover	0.31	0.30	0.29	0.31	0.34	0.37	0.39	0.42	0.49	0.56	0.70
Increase / (Decrease) in Invested Capital	140	113	122	75	13	40	65	26	9.36	-25	-504
Enterprise Value (EV)	2,871	3,403	3,494	3,521	4,629	3,536	4,029	4,047	8,199	12,504	12,079
Market Capitalization	2,355	2,890	2,945	3,002	4,161	3,055	3,529	3,830	8,130	12,584	12,578
Book Value per Share	$0.00	$3.18	$3.18	$0.00	$0.00	$3.20	$3.28	$3.65	$3.66	$3.87	$3.84
Tangible Book Value per Share	$0.00	$3.18	$3.18	$0.00	$0.00	$3.20	$3.28	$3.65	$3.66	$3.87	$3.84
Total Capital	2,594	2,621	2,621	2,563	2,571	2,582	2,635	2,867	2,719	2,860	2,837
Total Debt	616	653	662	583	533	543	561	557	270	269	266
Total Long-Term Debt	605	653	662	583	497	509	527	522	270	269	263
Net Debt	516	513	549	520	468	482	500	216	68	-80	-499
Capital Expenditures (CapEx)	55	61	48	49	56	61	54	58	57	82	39
Debt-free, Cash-free Net Working Capital (DFCFNWC)	14	-3.57	22	20	31	23	84	61	74	97	160
Debt-free Net Working Capital (DFNWC)	114	103	103	45	53	50	107	357	208	398	767
Net Working Capital (NWC)	103	103	103	45	17	16	74	322	208	398	764
Net Nonoperating Expense (NNE)	14	13	9.30	2.75	1.23	11	4.71	2.23	-4.50	23	189
Net Nonoperating Obligations (NNO)	520	526	553	533	472	495	504	229	70	-74	-498
Total Depreciation and Amortization (D&A)	37	52	51	54	44	41	39	38	49	39	34
Debt-free, Cash-free Net Working Capital to Revenue	1.81%	-0.50%	3.16%	2.59%	3.69%	2.48%	8.34%	5.73%	6.01%	6.79%	9.84%
Debt-free Net Working Capital to Revenue	15.16%	14.27%	14.45%	5.75%	6.33%	5.37%	10.70%	33.70%	16.95%	27.95%	47.10%
Net Working Capital to Revenue	13.66%	14.27%	14.45%	5.75%	2.07%	1.75%	7.35%	30.36%	16.95%	27.95%	46.88%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	($0.04)	($0.06)	($0.01)	$0.04	$0.00	$0.03	$0.05	$0.09	$0.15	$0.20	($0.03)
Adjusted Weighted Average Basic Shares Outstanding	607.90M	605.67M	616.20M	617.11M	621.92M	620.85M	632.05M	636.93M	669.19M	651.97M	670.39M
Adjusted Diluted Earnings per Share	($0.04)	($0.06)	($0.01)	$0.04	$0.00	$0.03	$0.05	$0.09	$0.15	$0.20	($0.03)
Adjusted Weighted Average Diluted Shares Outstanding	607.90M	605.67M	616.20M	622.21M	625.74M	622.54M	634.71M	639.74M	671.94M	655.77M	675.15M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	618.23M	625.12M	626.29B	629.72B	637.02M	631.83M	632.56M	669.98M	670.10M	670.35M	670.71M
Normalized Net Operating Profit after Tax (NOPAT)	-7.27	-29	4.24	31	27	25	34	60	97	161	171
Normalized NOPAT Margin	-4.00%	-17.96%	2.23%	12.82%	10.99%	9.87%	13.04%	19.89%	23.70%	35.84%	41.66%
Pre Tax Income Margin	-13.15%	-30.26%	-2.08%	15.04%	5.39%	8.01%	17.23%	29.69%	37.99%	42.02%	52.39%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	-1.23	-3.01	0.69	3.95	2.50	2.22	4.90	9.13	12.61	35.07	38.73
NOPAT to Interest Expense	-0.83	-2.45	0.28	2.45	0.27	1.65	2.91	5.40	7.18	28.42	30.13
EBIT Less CapEx to Interest Expense	-6.39	-8.07	-3.07	0.02	-2.59	-2.17	0.22	3.91	8.33	20.18	31.92
NOPAT Less CapEx to Interest Expense	-5.99	-7.51	-3.48	-1.49	-4.82	-2.74	-1.77	0.18	2.90	13.53	23.32
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	-30.91%	-18.66%	-18.22%	-36.78%	-108.35%	70.75%	33.86%	22.30%	8.19%	3.22%	3.89%
Augmented Payout Ratio	-35.37%	-21.08%	-21.39%	-39.54%	-114.64%	74.10%	33.86%	23.18%	8.63%	3.50%	4.64%

Financials Breakdown Chart

Key Financial Trends

Here is MarketBeat’s quick take on Hecla Mining (HL) using the latest four years of quarterly data across the income statement, balance sheet, and cash flow. Below are the key trends and what they could mean for investors.

Revenue and gross profit improved meaningfully in Q4 2025: Operating revenue reached $448,111,000 with gross profit of $248,208,000, delivering a gross margin around 55% versus much smaller margins in earlier years.
Net income attributable to common shareholders jumped in Q4 2025: $134,271,000, with basic earnings per share of $0.20, up from prior-year levels and contributing to stronger quarterly profitability.
Operating cash flow remained robust: Net cash from continuing operating activities was $218,089,000 in Q4 2025, with net cash from operating activities of $217,055,000 for the quarter, supporting liquidity.
Debt reduction improved the balance sheet: Long-term debt declined to $269,838,000 in Q3 2025 from $521,568,000 in Q2 2025 and $527,137,000 in Q1 2025, reflecting meaningful repayments and improved leverage.
Operating profitability expanded: Total Operating Income was $220,039,000 in Q4 2025, up from $38,137,000 in Q4 2024, signaling stronger profitability per dollar of revenue.
Equity base remains solid: Total Common Equity stood around $2.45B by Q3 2025, providing a sizeable cushion for creditors and potential upside for shareholders as profits accumulate.
Capital expenditure remains a steady feature: Purchase of Property, Plant & Equipment in Q4 2025 was about $82.3M, with similar capex levels in surrounding quarters, indicating ongoing asset investment in mining operations.
Scale and asset base show a stable footprint: Total assets in 2025 hovered in the $3.0B–$3.3B range, reflecting a reasonably sized balance sheet for HL’s operations.
Retained earnings deficit persists: Retained Earnings were negative in recent periods (e.g., -$313.9M at Q3 2025), indicating an accumulated deficit despite current profitability.
Financing cash flows remain modestly negative: Net cash from financing activities was negative in Q4 2025 (about -$4.8M), suggesting ongoing cash outflows for financing activities alongside healthy operating cash flow.

05/14/26 05:00 PM ETAI Generated. May Contain Errors.

Hecla Mining Financials - Frequently Asked Questions

According to the most recent income statement we have on file, Hecla Mining's fiscal year ends in December. Their fiscal year 2025 ended on December 31, 2025.

Hecla Mining's net income appears to be on an upward trend, with a most recent value of $321.71 million in 2025, falling from -$86.97 million in 2015. The previous period was $35.80 million in 2024. See where experts think Hecla Mining is headed by visiting Hecla Mining's forecast page.

Hecla Mining's total operating income in 2025 was $514.80 million, based on the following breakdown:

Total Gross Profit: $622.20 million
Total Operating Expenses: $107.41 million

Over the last 10 years, Hecla Mining's total revenue changed from $443.57 million in 2015 to $1.42 billion in 2025, a change of 220.8%.

Hecla Mining's total liabilities were at $969.00 million at the end of 2025, a 2.9% increase from 2024, and a 9.7% increase since 2015.

In the past 10 years, Hecla Mining's cash and equivalents has ranged from $26.87 million in 2024 to $241.56 million in 2025, and is currently $241.56 million as of their latest financial filing in 2025.

Over the last 10 years, Hecla Mining's book value per share changed from 3.58 in 2015 to 3.87 in 2025, a change of 8.0%.

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Financial statements for NYSE:HL last updated on 5/8/2026 by MarketBeat.com Staff. New filings and market data are monitored continuously.

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Hecla Mining (HL) Financials

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Hecla Mining (HL) Financials

Annual Income Statements for Hecla Mining

Quarterly Income Statements for Hecla Mining

Annual Cash Flow Statements for Hecla Mining

Quarterly Cash Flow Statements for Hecla Mining

Annual Balance Sheets for Hecla Mining

Quarterly Balance Sheets for Hecla Mining

Annual Metrics And Ratios for Hecla Mining

Quarterly Metrics And Ratios for Hecla Mining

Financials Breakdown Chart

Key Financial Trends

Hecla Mining Financials - Frequently Asked Questions

When does Hecla Mining's financial year end?

How has Hecla Mining's net income changed over the last 10 years?

What is Hecla Mining's operating income?

How has Hecla Mining's revenue changed over the last 10 years?

How much debt does Hecla Mining have?

How much cash does Hecla Mining have?

How has Hecla Mining's book value per share changed over the last 10 years?

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