Filing Flows › Hecla Mining (HL) › Q3 2026 › vs Q2 2026
Hecla Mining (HL) Q3 2026 vs Q2 2026 (quarter over quarter)
Hecla Mining's revenue rose $61.0M (+18%) from $334M in Q2 2026 to $395M in Q3 2026. The biggest changes: Metal Sales +$49.4M (+15%); Environmental Remediation Services +$11.5M (+107%). Gross margin 50.7% against 53.9% (-3.2 pts).
Hecla Mining, Q3 2026: revenue $395M (+25% year over year), operating margin 39.8%, net earnings $150M, operating cash flow $203M. The chart draws each line against Q2 2026, the increases inside each band.
Margins
| Q3 2026 | Q2 2026 | Change | |
|---|---|---|---|
| Gross margin | 50.7% | 53.9% | -3.2 pts |
| Operating margin | 39.8% | 43.6% | -3.8 pts |
| Net margin | 37.9% | 35.3% | +2.6 pts |
| Free cash flow margin | 38.3% | 40.7% | -2.4 pts |
Every line
| Line | Q3 2026 | Q2 2026 | Change | % |
|---|---|---|---|---|
| Metal Sales | $372M | $323M | $49.4M | +15% |
| Environmental Remediation Services | $22.4M | $10.8M | $11.5M | +107% |
| Revenue | $395M | $334M | $61.0M | +18% |
| Gross profit | $200M | $180M | $20.3M | +11% |
| Cost of revenue | $195M | $154M | $40.7M | +26% |
| Other income, net | $33.0M | −$9.1M | $42.0M | — |
| Operating profit | $157M | $146M | $11.5M | +8% |
| Operating expenses | $42.9M | $34.1M | $8.8M | +26% |
| Pre-tax earnings | $190M | $137M | $53.5M | +39% |
| General & admin | $15.6M | $15.2M | $409K | +3% |
| Other operating costs | $27.3M | $18.9M | $8.4M | +44% |
| Net earnings | $150M | $118M | $31.7M | +27% |
| Income tax | $40.5M | $18.8M | $21.8M | +116% |
| Depreciation & amortization | $39.2M | $36.9M | $2.3M | +6% |
| Share-based compensation | $3.4M | $3.3M | $80K | +2% |
| Working capital & other | $10.7M | $16.8M | −$6.1M | -36% |
| Operating cash flow | $203M | $175M | $28.0M | +16% |
| Free cash flow (OCF − capex) | $151M | $136M | $15.5M | +11% |
| Capital expenditures | $51.7M | $39.1M | $12.6M | +32% |
Questions
How much did Hecla Mining's revenue grow quarter over quarter in Q3 2026?
Hecla Mining's revenue rose $61.0M (+18%) from $334M in Q2 2026 to $395M in Q3 2026.
What drove Hecla Mining's revenue change in Q3 2026?
Metal Sales +$49.4M (+15%); Environmental Remediation Services +$11.5M (+107%).