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Chemical & Mining Co of Chile vs Hecla Mining: SQM and HL compared
Chemical & Mining Co of Chile is the larger company: $1.2B of revenue in its latest quarter (Q3 2025) against $395M for Hecla Mining (Q3 2026). Hecla Mining is more profitable, with an operating margin of 39.8% against 22.5%.
Where the money goes: SQM and HL
Chemical & Mining Co of Chile (SQM) · Q3 2025
Chemical & Mining Co of Chile, Q3 2025: revenue $1.2B, operating margin 22.5%, net earnings $177M. 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.
| Chemical & Mining Co of Chile (SQM) | Hecla Mining (HL) | |
|---|---|---|
| Latest quarter | Q3 2025 | Q3 2026 |
| Revenue | $1.2B | $395M |
| Revenue growth, Y/Y | — | +25% |
| Gross margin | 29.5% | 50.7% |
| Operating margin | 22.5% | 39.8% |
| Net earnings | $177M | $150M |
| Net margin | 15.1% | 37.9% |
| Operating cash flow | — | $203M |
| Free cash flow | — | $151M |
| Market value | — | $10.0B |
| P/E | — | 26.3× |
| Analysts’ mean target | — | $21.68 |
Where the revenue comes from
Hecla Mining
- Metal Sales: $372M (94%)
- Environmental Remediation Services: $22.4M (6%)
Questions
Which is bigger, Chemical & Mining Co of Chile or Hecla Mining?
Chemical & Mining Co of Chile is the larger company: $1.2B of revenue in its latest quarter (Q3 2025) against $395M for Hecla Mining (Q3 2026).
Is Chemical & Mining Co of Chile or Hecla Mining growing faster?
Hecla Mining is more profitable, with an operating margin of 39.8% against 22.5%.
More: Chemical & Mining Co of Chile earnings · how Chemical & Mining Co of Chile makes money · Hecla Mining earnings · how Hecla Mining makes money
From the companies' latest 10-Q, 10-K or earnings release (6-K filed Nov 19, 2025; 10-Q filed Nov 4, 2026). Fiscal quarters can end on different dates. Not investment advice.