Filing Flows › Hecla Mining (HL) › Q3 2026 › vs Q3 2025
Hecla Mining (HL) Q3 2026 vs Q3 2025 (year over year)
Hecla Mining's revenue rose $78.8M (+25%) from $316M in Q3 2025 to $395M in Q3 2026. The biggest changes: Metal Sales +$72.6M (+24%); Environmental Remediation Services +$6.2M (+38%). Gross margin 50.7% against 45.0% (+5.6 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 Q3 2025, the increases inside each band.
Margins
| Q3 2026 | Q3 2025 | Change | |
|---|---|---|---|
| Gross margin | 50.7% | 45.0% | +5.6 pts |
| Operating margin | 39.8% | 35.1% | +4.7 pts |
| Net margin | 37.9% | 31.9% | +6.0 pts |
| Free cash flow margin | 38.3% | 32.8% | +5.5 pts |
Every line
| Line | Q3 2026 | Q3 2025 | Change | % |
|---|---|---|---|---|
| Metal Sales | $372M | $300M | $72.6M | +24% |
| Environmental Remediation Services | $22.4M | $16.2M | $6.2M | +38% |
| Revenue | $395M | $316M | $78.8M | +25% |
| Gross profit | $200M | $142M | $57.7M | +41% |
| Cost of revenue | $195M | $174M | $21.1M | +12% |
| Other income, net | $33.0M | $20.8M | $12.2M | +59% |
| Operating profit | $157M | $111M | $46.2M | +42% |
| Operating expenses | $42.9M | $31.4M | $11.6M | +37% |
| Pre-tax earnings | $190M | $132M | $58.4M | +44% |
| General & admin | $15.6M | $13.9M | $1.7M | +12% |
| Other operating costs | $27.3M | $17.5M | $9.8M | +56% |
| Net earnings | $150M | $101M | $48.9M | +49% |
| Income tax | $40.5M | $31.0M | $9.5M | +31% |
| Depreciation & amortization | $39.2M | $38.5M | $755K | +2% |
| Share-based compensation | $3.4M | $2.6M | $738K | +28% |
| Working capital & other | $10.7M | $6.2M | $4.5M | +73% |
| Operating cash flow | $203M | $148M | $54.9M | +37% |
| Free cash flow (OCF − capex) | $151M | $104M | $47.6M | +46% |
| Capital expenditures | $51.7M | $44.4M | $7.3M | +16% |
Questions
How much did Hecla Mining's revenue grow year over year in Q3 2026?
Hecla Mining's revenue rose $78.8M (+25%) from $316M in Q3 2025 to $395M in Q3 2026.
What drove Hecla Mining's revenue change in Q3 2026?
Metal Sales +$72.6M (+24%); Environmental Remediation Services +$6.2M (+38%).