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Hecla Mining (HL) operating margin by quarter

Hecla Mining's operating margin was 39.8% in Q3 2026 (third quarter 2026), -3.8 pts from Q2 2026. Over the last 6 quarters it ranged from 20.0% (Q1 2025) to 49.1% (Q4 2025).

Hecla Mining operating margin by quarterHecla Mining operating margin by quarter20.0%Q1 202530.8%Q2 202536.3%Q3 202549.1%Q4 202543.6%Q2 202639.8%Q3 2026
QuarterOperating marginQ/QY/Y
Q3 202639.8%-3.8 pts+3.5 pts
Q2 202643.6%-5.5 pts+12.8 pts
Q4 202549.1%+12.8 pts—
Q3 202536.3%+5.5 pts—
Q2 202530.8%+10.8 pts—
Q1 202520.0%——

Q3 2026 at a glance

Hecla Mining, Q3 2026: revenue $395M (+25% year over year), operating margin 39.8%, net earnings $150M, operating cash flow $203M. The chart follows the revenue to costs, profit and cash.

Questions

What is Hecla Mining's operating margin?

Hecla Mining's operating margin was 39.8% in Q3 2026 (third quarter 2026), -3.8 pts from Q2 2026.

How has Hecla Mining's operating margin changed?

Over the last 6 quarters it ranged from 20.0% (Q1 2025) to 49.1% (Q4 2025).

Q3 2026 results → · How Hecla Mining makes money →