Filing Flows › Hecla Mining (HL) › Q2 2026 › vs Q2 2025
Hecla Mining (HL) Q2 2026 vs Q2 2025 (year over year)
Hecla Mining's revenue rose $115M (+52%) from $219M in Q2 2025 to $334M in Q2 2026. The biggest changes: Total Metal +$110M (+51%); Environmental Remediation Services +$4.2M (+64%). Gross margin 53.9% against 38.9% (+14.9 pts).
Hecla Mining, Q2 2026: revenue $334M (+52% year over year), operating margin 43.6%, net earnings $118M, operating cash flow $175M. The chart draws each line against Q2 2025, the increases inside each band.
Margins
| Q2 2026 | Q2 2025 | Change | |
|---|---|---|---|
| Gross margin | 53.9% | 38.9% | +14.9 pts |
| Operating margin | 43.6% | 26.5% | +17.2 pts |
| Net margin | 35.3% | 26.4% | +9.0 pts |
| Free cash flow margin | 40.7% | 54.4% | -13.7 pts |
Every line
| Line | Q2 2026 | Q2 2025 | Change | % |
|---|---|---|---|---|
| Metal Sales | $323M | $212M | $111M | +52% |
| Copper | $8K | $979K | −$971K | -99% |
| Total Metal | $323M | $213M | $110M | +51% |
| Environmental Remediation Services | $10.8M | $6.6M | $4.2M | +64% |
| Revenue | $334M | $219M | $115M | +52% |
| Gross profit | $180M | $85.3M | $94.5M | +111% |
| Cost of revenue | $154M | $134M | $20.3M | +15% |
| Operating profit | $146M | $58.0M | $87.7M | +151% |
| Operating expenses | $34.1M | $27.3M | $6.8M | +25% |
| Pre-tax earnings | $137M | $79.8M | $56.8M | +71% |
| Other expense, net | $9.1M | −$21.8M | $30.9M | — |
| General & admin | $15.2M | $12.5M | $2.6M | +21% |
| Other operating costs | $18.9M | $14.8M | $4.2M | +28% |
| Net earnings | $118M | $57.7M | $60.2M | +104% |
| Income tax | $18.8M | $22.1M | −$3.3M | -15% |
| Depreciation & amortization | $36.9M | $32.1M | $4.8M | +15% |
| Share-based compensation | $3.3M | $3.0M | $310K | +10% |
| Working capital & other | $16.8M | $69.0M | −$52.2M | -76% |
| Operating cash flow | $175M | $162M | $13.1M | +8% |
| Free cash flow (OCF − capex) | $136M | $119M | $16.7M | +14% |
| Capital expenditures | $39.1M | $42.7M | −$3.5M | -8% |
Questions
How much did Hecla Mining's revenue grow year over year in Q2 2026?
Hecla Mining's revenue rose $115M (+52%) from $219M in Q2 2025 to $334M in Q2 2026.
What drove Hecla Mining's revenue change in Q2 2026?
Total Metal +$110M (+51%); Environmental Remediation Services +$4.2M (+64%).