HL Hecla Mining margins

Relative Growth: Rel. Growth: 92

Relative Strength: Rel. Strength: 29

Relative Valuation: Rel. Valuation: 64

Relative Profitability: Rel. Profitability: 94

Gross margin

53.8%

Operating margin

46%

EBITDA margin

43.6%

Net margin

20.8%

The Hecla Mining reports a gross margin of 53.8%, an operating margin of 46%, an EBITDA margin of 43.6%, and a net margin of 20.8%. All available margins expanded year over year, led by operating margin with an increase of 27.9 percentage points.

HL margin history

Gross, operating, EBITDA and net margin trends

Over the last 3 years, Hecla Mining's margins averaged 29.49% gross, 17.04% operating, 34.52% EBITDA, and 6.41% net. All four current margins are above their three-year averages.

HL margin expansion

Year-over-year margin changes in percentage points

The biggest expansion was in operating margin, which rose by 27.9 percentage points. The other available margins also improved.

Gross margin expansion

23.2pp

Operating margin expansion

27.9pp

EBITDA margin expansion

5.2pp

Net margin expansion

9.9pp

HL Gross margin

Across the last 3 years, Hecla Mining had an average gross margin of 29.49%. Against its three-year average, Hecla Mining's gross margin is currently 53.8%, 24.3 percentage points above its three-year average. Looking back over the last 3 years, Hecla Mining's gross margin reached 53.8% at its highest point in Jun 2026 and 13.7% at its lowest in Mar 2024.

HL Operating margin

Hecla Mining's operating margin averaged 17.04% across the past 3 years. Compared with its three-year average, Hecla Mining's current operating margin is 46% and is 29 percentage points above its three-year average. Over the last 3 years, Hecla Mining's operating margin peaked at 46% in Jun 2026 and reached a low of -6.4% in Mar 2024.

HL EBITDA margin

Looking back over the last 3 years, Hecla Mining recorded an average EBITDA margin of 34.52%. The current EBITDA margin stands at 43.6%, 9.1 percentage points above its three-year average. The highest EBITDA margin for Hecla Mining was 48.2% in Dec 2025, while the lowest was 17.2% in Dec 2023.

HL Net margin

Across the last 3 years, Hecla Mining had an average net margin of 6.41%. At present, the current net margin for Hecla Mining is 20.8%, 14.4 percentage points above its three-year average. Looking back over the last 3 years, Hecla Mining's net margin reached 22.6% at its highest point in Dec 2025 and -12.2% at its lowest in Mar 2024.

HL margin group comparison

Margins compared with peer-group, industry and sector averages

With a gross margin of 53.8%, HL stands higher than the Basic Materials sector and its peers average but lower than the industry average. Looking at the Basic Materials sector average of 32%, Hecla Mining's gross margin is 68% higher.

HL margin peer comparison

Compare margins with selected peers

Frequently asked questions

What is Hecla Mining's gross margin?

As of Jun 30, 2026, HL has a gross margin of 53.8%.

What is Hecla Mining's operating margin?

For the period ending Jun 30, 2026, HL recorded an operating margin of 46%.

What is Hecla Mining's EBITDA margin?

For the period ending Jun 30, 2026, HL recorded an EBITDA margin of 43.6%.

What is Hecla Mining's net margin?

As of Jun 30, 2026, HL has a net margin of 20.8%.

What are the average margins of HL?

Over the past 3 years, HL reported average margins of 29.5% gross, 17.0% operating, 34.5% EBITDA, and 6.4% net.

What are the highest historical margins of HL?

In the last 5 years, the highest margins reported by HL were 53.8% gross in Jun 2026, 46% operating in Jun 2026, 48.2% EBITDA in Dec 2025, and 22.6% net in Dec 2025.

What are the lowest historical margins of HL?

Over the last 5 years, Hecla Mining's lowest margins were 13.7% gross in Mar 2024, -6.4% operating in Mar 2024, 17.2% EBITDA in Dec 2023, and -12.2% net in Mar 2024.