Filing Flows › Hecla Mining (HL) › How it makes money
How Hecla Mining (HL) makes money
Hecla Mining (HL) made $395M of revenue in the third quarter 2026 (Q3 2026), +25% from a year earlier. Metal Sales brought in $372M (94%); Environmental Remediation Services brought in $22.4M (6%). Of every dollar of revenue, 51¢ was left as gross profit, 40¢ was left as operating profit, 38¢ was left as net earnings.
Drawing the Sankey…
Revenue by segment, Q3 2026
| Segment | Revenue | Share | Q/Q | Y/Y |
|---|---|---|---|---|
| Metal Sales | $372M | 94.3% | +15% | +24% |
| Environmental Remediation Services | $22.4M | 5.7% | +107% | +38% |
Where each dollar of revenue goes
| Line | Q3 2026 | % of revenue |
|---|---|---|
| Revenue | $395M | 100.0% |
| Cost of revenue | $195M | 49.3% |
| Gross profit | $200M | 50.7% |
| Operating expenses | $42.9M | 10.9% |
| Operating profit | $157M | 39.8% |
| Income tax | $40.5M | 10.3% |
| Net earnings | $150M | 37.9% |
| Operating cash flow | $203M | 51.4% |
| Free cash flow | $151M | 38.3% |
Revenue, quarter by quarter
| Quarter | Revenue | Y/Y |
|---|---|---|
| Q3 2026 | $395M | +25% |
| Q2 2026 | $334M | +52% |
| Q1 2026 | $411M | +100% |
| Q4 2025 | $448M | +80% |
| Q3 2025 | $410M | +67% |
| Q2 2025 | $304M | +24% |
| Q1 2025 | $261M | +38% |
From Hecla Mining's 10-Q filed Nov 4, 2026 (on EDGAR).
Questions
How does Hecla Mining make money?
Hecla Mining (HL) made $395M of revenue in the third quarter 2026 (Q3 2026), +25% from a year earlier. Metal Sales brought in $372M (94%); Environmental Remediation Services brought in $22.4M (6%). Of every dollar of revenue, 51¢ was left as gross profit, 40¢ was left as operating profit, 38¢ was left as net earnings.
What is Hecla Mining's biggest business?
Metal Sales: $372M in the third quarter 2026, 94% of revenue, +24% from a year earlier.
What is Hecla Mining's profit margin?
Net earnings were $150M, 37.9% of revenue, in the third quarter 2026; the operating margin was 39.8%.
Updated Nov 8, 2026. Read automatically from SEC filings and public data; errors are possible. Not investment advice.