HL HECLA MINING CO/DE/

Overview and Growth

In fiscal 2025, HECLA MINING CO/DE/ recorded $1.42B of revenue, net income of $321.71M, and an operating cash inflow of $562.64M. Revenue of $1.42B sets the scale for evaluating how effectively sales translated into profit and cash during the year. Revenue was 53.0% above fiscal 2024 revenue of $929.92M, marking a year-over-year increase. Diluted earnings per share were $0.49, translating the period’s attributable earnings into the amount reported for each diluted share. The per-share result recorded a 716.7% increase from fiscal 2024 diluted EPS of $0.06. Asset turnover was 0.4x, relating the company’s annual revenue directly to the total assets reported at the period end.

Profitability

After reported cost of revenue, the company retained $622.20M as gross profit before recognizing operating expenses and other items. The gross-profit relationship equaled 43.7% of revenue, quantifying the portion retained before operating expenses were recognized. Operations produced $514.79M of income after the reported operating expense base, before the remaining non-operating and tax effects. Operating margin measured 36.2%, showing the portion of revenue preserved after the full set of operating costs. After all reported below-operating-line items, the company recorded net income of $321.71M for the fiscal year. The final earnings result represented 22.6% of revenue, connecting the absolute net income figure with the company’s top-line scale. The earnings statement records $479.18M of pretax income, the profit base against which the reported tax provision can be assessed. The pretax margin was 33.7%, relating income before taxes directly to revenue. The company recognized $157.47M of income tax for the period, completing the transition from pretax income to net income. The effective relationship between income tax and positive pretax income was 32.9%, without assuming a statutory-rate comparison.

Liquidity and Capital Structure

The company held $3.56B of assets against $969.00M of liabilities and $2.59B of equity, revealing how the asset base was financed. Current assets were $629.34M against $231.56M of current liabilities, framing the resources and obligations classified within the near-term balance-sheet horizon. Current assets covered current liabilities by 2.72x, leaving a positive buffer for near-term obligations. Cash and equivalents totaled $241.56M, identifying the most liquid reported component available within the broader current-asset balance. Measured only with cash and equivalents, coverage of current liabilities was 104.3%, excluding receivables and other current assets. Total debt was $0.00, establishing the amount of borrowing carried within the company’s capital structure. Against book equity, debt measured 0.0x, placing the company’s financial leverage in clear balance-sheet terms. Relative to total assets, debt measured 0.0%, showing how much of the asset base was matched by borrowing. The liabilities-to-assets relationship was 27.2%, placing reported obligations against the full positive asset balance. Measured against total assets, cash and equivalents represented 6.8%, a balance-sheet composition measure rather than a liquidity forecast. Compared with $2.98B in fiscal 2024, the current asset base moved 19.4% and finished higher.

Cash Flow and Earnings Quality

The company reported $562.64M of operating cash flow, a cash inflow that shows the cash generated by operations. Operating cash flow equaled 1.75x of net income, showing how strongly accounting earnings converted into cash from operations. Capital spending was $252.39M, absorbing part of the cash generated from operations before free cash flow. Capital expenditures represented 44.9% of operating cash flow, leaving the remainder available as free cash flow. After capital spending, free cash flow was $310.25M, leaving cash available for debt reduction, shareholder returns, or further investment. Free cash flow represented 21.8% of revenue, linking post-investment cash generation with the company’s operating scale. The free-cash-flow-to-assets relationship was 8.7%, comparing post-investment cash with the balance-sheet asset base.

Based on the annual report for the fiscal year ending Dec 31, 2025. Analysis generated Oct 21, 2026.