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Martin Marietta Materials vs Hecla Mining: MLM and HL compared
Martin Marietta Materials is the larger company: $2.4B of revenue in its latest quarter (Q3 2026) against $395M for Hecla Mining (Q3 2026). Martin Marietta Materials is growing faster (+28% against +25% a year earlier). Hecla Mining is more profitable, with an operating margin of 39.8% against 18.5%.
Where the money goes: MLM and HL
Martin Marietta Materials (MLM) · Q3 2026
Martin Marietta Materials, Q3 2026: revenue $2.4B (+28% year over year), operating margin 18.5%, net earnings $256M, operating cash flow $557M. The chart follows the revenue to costs, profit and cash.
Hecla Mining (HL) · Q3 2026
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.
| Martin Marietta Materials (MLM) | Hecla Mining (HL) | |
|---|---|---|
| Latest quarter | Q3 2026 | Q3 2026 |
| Revenue | $2.4B | $395M |
| Revenue growth, Y/Y | +28% | +25% |
| Gross margin | 27.5% | 50.7% |
| Operating margin | 18.5% | 39.8% |
| Net earnings | $256M | $150M |
| Net margin | 10.8% | 37.9% |
| Operating cash flow | $557M | $203M |
| Free cash flow | $426M | $151M |
| Market value | $33.6B | $10.0B |
| P/E | 13.7× | 26.3× |
| Analysts’ mean target | $634.08 | $21.68 |
Where the revenue comes from
Hecla Mining
- Metal Sales: $372M (94%)
- Environmental Remediation Services: $22.4M (6%)
Questions
Which is bigger, Martin Marietta Materials or Hecla Mining?
Martin Marietta Materials is the larger company: $2.4B of revenue in its latest quarter (Q3 2026) against $395M for Hecla Mining (Q3 2026).
Is Martin Marietta Materials or Hecla Mining growing faster?
Martin Marietta Materials is growing faster (+28% against +25% a year earlier).
Which is more profitable, Martin Marietta Materials or Hecla Mining?
Hecla Mining is more profitable, with an operating margin of 39.8% against 18.5%.
More: Martin Marietta Materials earnings · how Martin Marietta Materials makes money · Hecla Mining earnings · how Hecla Mining makes money
From the companies' latest 10-Q, 10-K or earnings release (10-Q filed Nov 4, 2026; 10-Q filed Nov 4, 2026). Fiscal quarters can end on different dates. Not investment advice.