Hecla Mining Company (HL) Stock Analysis
Basic Materials · Other Precious Metals & Mining · NYSE
Hecla Mining Company (HL) posted $1.42B in revenue for fiscal 2025 (up 53.0% year over year), at a 22.6% net margin, and has compounded revenue about 15.5%/yr over five years, per its SEC filings.
Data last refreshed August 2, 2026 from SEC filings · how we compute this
The analyst's take on Hecla Mining Company
Hecla Mining Company has grown revenue from $645.96M to $1.42B over the last 10 fiscal years, compounding about 15.5% a year. The most recent year was up 53%, so growth is actually accelerating.
Net margin sits at 22.6%, up 18.8 points year over year on a 43.7% gross margin.
At today's valuation the market is pricing in roughly 13.4% annual free-cash-flow growth — versus the 28.1% it actually delivered over the last five years, so the price is arguably undemanding against what it has already proven. The one thing worth a second look in the filings is receivables growing faster than sales.
Synthesised from Hecla Mining Company's SEC filings — descriptive, not advice. Ask the analyst your own question →
Hecla Mining Company revenue & earnings — last 10 fiscal years
| Metric | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $645.96M | $577.77M | $567.14M | $673.27M | $691.87M | $807.47M | $718.90M | $720.23M | $929.92M | $1.42B |
| Gross profit | $184.00M | $152.45M | $79.10M | $33.83M | $161.10M | $217.80M | $116.16M | $112.95M | $198.21M | $622.20M |
| Net income | $61.57M | $-28.52M | $-26.56M | $-94.91M | $-9.46M | $35.09M | $-37.90M | $-84.77M | $35.25M | $321.16M |
| Net margin | 9.5% | -4.9% | -4.7% | -14.1% | -1.4% | 4.3% | -5.3% | -11.8% | 3.8% | 22.6% |
Source: Hecla Mining Company SEC filings (10-K). 18 years of history available in the interactive view.
Hecla Mining Company: 1 potential red flag in the filings
Patterns in the filed statements worth a second look — computed and cited, not AI guesswork, and not a signal to sell. The kind of thing that hides in a 10-K.
- Receivables growing faster than salesAccounts receivable rose 440.2% while revenue rose 53.0% in the latest year — a gap that can signal looser credit terms or pulled-forward sales. Worth checking days-sales-outstanding.
What growth is priced into HL stock?
At today's market cap of $9.46B, Hecla Mining Company is priced for free-cash-flow growth of about 13.4% per year for 10 years (assuming a 10% discount rate and 2.5% terminal growth, base FCF $310.25M from the FY ending 2025-12-31). For comparison, free cash flow actually grew 28.1%/yr over the last five fiscal years and revenue 15.5%/yr, computed from its SEC filings. This is a reverse DCF — a translation of the price into a growth assumption you can judge, not a fair value and not advice. Change the assumptions yourself in the interactive view →
Explore 18 years of Hecla Mining Company financials — interactive
Full income statement, balance sheet and cash flow with CAGR and trend on every row, 48 quarters, valuation ratios, plain-English health checks, and Ask — our SEC-grounded research assistant.
Open the interactive view — freeHecla Mining Company financial history by metric
Compare Hecla Mining Company with peers
About Hecla Mining Company
Hecla Mining Company, together with its subsidiaries, provides precious and base metals in the United States, Canada, Japan, Korea, China, and internationally. The company mines for silver, gold, lead, and zinc concentrates, as well as carbon material containing silver and gold for custom smelters, metal traders, and third-party processors; and unrefined doré containing silver and gold. The company was incorporated in 1891 and is headquartered in Coeur d'Alene, Idaho.
Hecla Mining Company — frequently asked questions
What is Hecla Mining Company's revenue?
Hecla Mining Company (HL) reported revenue of $1.42B for fiscal year 2025, up 53.0% from the prior year, according to its SEC filings.
Is Hecla Mining Company profitable?
Yes. HL earned net income of $321.16M in fiscal 2025, a net margin of 22.6%.
What is HL's P/E ratio?
Hecla Mining Company trades at a price-to-earnings ratio of about 20.4 based on the latest data in our nightly-refreshed cache.
How fast is Hecla Mining Company growing?
HL's revenue grew at roughly 15.5% per year over the last five fiscal years (compound annual growth rate), computed from SEC-filed statements.
How much debt does Hecla Mining Company have?
As of fiscal year 2025, HL carried roughly $0 in total debt (short- plus long-term borrowings), per its filed balance sheet.
What is Hecla Mining Company's gross margin?
HL's gross margin was 43.7% in fiscal 2025 — gross profit of $622.20M on revenue of $1.42B.
What is Hecla Mining Company's market cap?
Hecla Mining Company (HL) has a market capitalization of about $9.46B, based on the latest data in our nightly-refreshed cache.
When does Hecla Mining Company's fiscal year end?
HL's fiscal year ends in December. Its most recent annual filing covers the fiscal year ending 2025-12-31.
What growth is priced into HL stock?
At today's market cap of $9.46B, Hecla Mining Company is priced for free-cash-flow growth of about 13.4% per year for 10 years (assuming a 10% discount rate and 2.5% terminal growth, base FCF $310.25M from the FY ending 2025-12-31). For comparison, free cash flow actually grew 28.1%/yr over the last five fiscal years and revenue 15.5%/yr, computed from its SEC filings.
Where does this data come from?
All figures are computed from Hecla Mining Company's official SEC filings (10-K and 10-Q), covering 18 years of history, refreshed nightly. stockportfolio.pro does not provide investment advice.