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Vulcan Materials vs Hecla Mining: VMC and HL compared
Vulcan Materials is the larger company: $2.2B of revenue in its latest quarter (Q3 2026) against $395M for Hecla Mining (Q3 2026). Hecla Mining is growing faster (+25% against -5% a year earlier). Hecla Mining is more profitable, with an operating margin of 39.8% against 24.0%.
Where the money goes: VMC and HL
Vulcan Materials (VMC) · Q3 2026
Vulcan Materials, Q3 2026: revenue $2.2B (-5% year over year), operating margin 24.0%, net earnings $363M, operating cash flow $386M. 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.
| Vulcan Materials (VMC) | Hecla Mining (HL) | |
|---|---|---|
| Latest quarter | Q3 2026 | Q3 2026 |
| Revenue | $2.2B | $395M |
| Revenue growth, Y/Y | -5% | +25% |
| Gross margin | 30.5% | 50.7% |
| Operating margin | 24.0% | 39.8% |
| Net earnings | $363M | $150M |
| Net margin | 16.6% | 37.9% |
| Operating cash flow | $386M | $203M |
| Free cash flow | $209M | $151M |
| Market value | $36.6B | $10.0B |
| P/E | 33.5× | 26.3× |
| Analysts’ mean target | $312.65 | $21.68 |
Where the revenue comes from
Vulcan Materials
- Aggregates: $1.7B (78%)
- Asphalt: $381M (17%)
- Concrete: $92.4M (4%)
Hecla Mining
- Metal Sales: $372M (94%)
- Environmental Remediation Services: $22.4M (6%)
Questions
Which is bigger, Vulcan Materials or Hecla Mining?
Vulcan Materials is the larger company: $2.2B of revenue in its latest quarter (Q3 2026) against $395M for Hecla Mining (Q3 2026).
Is Vulcan Materials or Hecla Mining growing faster?
Hecla Mining is growing faster (+25% against -5% a year earlier).
Which is more profitable, Vulcan Materials or Hecla Mining?
Hecla Mining is more profitable, with an operating margin of 39.8% against 24.0%.
More: Vulcan Materials earnings · how Vulcan 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 Oct 29, 2026; 10-Q filed Nov 4, 2026). Fiscal quarters can end on different dates. Not investment advice.