Hudbay Minerals Inc. (HBM)
Hudbay Minerals Inc. reported revenue of $2.2B in fiscal 2025, up 9.4% from a year earlier. Net income was $568.5M, a net margin of 25.7%. Operating cash flow minus capital spending left $240.6M of free cash flow in fiscal 2025. At December 31, 2025 it held $568.9M in cash against $1B of debt. Its latest periodic report to the SEC is the annual report (Canadian issuer) (40-F) filed on March 27, 2026.
Key facts about Hudbay Minerals Inc.
- Net worth
- Hudbay Minerals Inc. has a market value (market cap) of $11.6B at the latest share price, and shareholders' equity of $3.2B on its balance sheet at December 31, 2025. A company's "net worth" usually means one of these: what the market pays for all its shares, or its assets minus its liabilities.
- Revenue and profit
- In fiscal 2025 revenue was $2.2B (+9.4% year on year), with net income of $568.5M.
- Cash flow
- In fiscal 2025 operations brought in $707.3M of cash; after $466.7M of capital spending, free cash flow was $240.6M.
- Latest report
- The latest periodic report (annual report (Canadian issuer), 40-F) was filed with the SEC on March 27, 2026 and covers the period to December 31, 2025. Open on SEC EDGAR
What Hudbay Minerals Inc. does
Hudbay Minerals explores for, mines, and processes base and precious metals. It operates mines and mineral processing facilities in North and South America, primarily producing copper concentrate and zinc metal along with gold and silver byproducts. Its output is sold to smelters, refiners, and metal traders. Its shares trade on NYSE under the ticker HBM.
Revenue and profit by year
Key figures
| Fiscal year | Revenue | Net income | Diluted EPS | Free cash flow |
|---|---|---|---|---|
| 2025 | $2.2B | $568.5M | $1.44 | $240.6M |
| 2024 | $2B | $76.7M | $0.20 | $319.1M |
| 2023 | $1.7B | $66.4M | $0.22 | $195.8M |
| 2022 | $1.5B | $70.4M | $0.27 | $178.8M |
| 2021 | $1.5B | -$244.4M | -$0.93 | $32.9M |
| 2020 | $1.1B | -$144.6M | -$0.55 | -$121.7M |
Earnings: every quarter and the next report date
Full financial statements: income, balance sheet and cash flow
Where HBM ranks in Basic materials
Dividends
It paid out $5.6M in cash dividends, 1% of its net income.
| Fiscal year | Per share | Paid out | Of profit |
|---|---|---|---|
| 2025 | n/a | $5.6M | 1% |
| 2024 | n/a | $5.5M | 7% |
| 2023 | n/a | $4.5M | 7% |
| 2022 | n/a | $4M | 6% |
| 2021 | n/a | $4.1M | n/a |
| 2020 | n/a | $3.8M | n/a |
Latest SEC filings
What Hudbay Minerals Inc. has filed recently, newest first. Each links to the original document on SEC EDGAR.
- September 28, 2026
- August 14, 2026Passive stake changed SCHEDULE 13G/A
- August 6, 2026Passive stake changed SCHEDULE 13G/A
- July 31, 2026
- July 31, 2026
- July 29, 2026
- July 9, 2026
- June 30, 2026
- June 24, 2026
- May 28, 2026
Insider trades
What the people running Hudbay Minerals Inc. did with its shares, from the Form 4 filings they must send the SEC within two business days.
No insider trades were reported in the last 90 days.
Who owns HBM
Three views from three kinds of SEC filings, each with its own date. They overlap and are not added up.
5% holders
| Holder | Of class | Filed |
|---|---|---|
| FIL Limited13G, passive with 2 related filers | 6.3% | August 6, 2026 |
Largest institutional holders
Positions that investment managers reported on Form 13F for the quarter ended June 30, 2026, largest first, with the change on the quarter ended March 31, 2026. Managers file 13F up to 45 days after a quarter ends. 319 managers reported a position.
| Holder | Shares | Change on quarter |
|---|---|---|
| FIL Ltd | 28,303,227 | -2,303,905 |
| MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. | 19,920,330 | +2,188,334 |
| Mackenzie Financial Corp | 13,031,045 | +2,257,052 |
| GMT Capital Corp | 18,281,369 | -3,623,451 |
| Hancock Prospecting Pty Ltd | 15,885,729 | 0 |
| Royal Bank of Canada | 14,810,721 | +6,555,890 |
| Vanguard Capital Management LLC | 12,413,235 | +1,404,160 |
| L1 Capital Pty Ltd | 9,977,133 | new |
| Bank of Montreal | 9,390,386 | +1,318,151 |
| CIBC Asset Management Inc | 8,855,472 | -1,379,873 |
| Dimensional Fund Advisors LP | 8,208,258 | -1,492,741 |
| Morgan Stanley | 7,566,399 | +743,774 |
| Fmr LLC | 7,460,795 | +844,547 |
| Castle Hook Partners LP | 5,909,069 | new |
| American Century Companies Inc | 5,809,326 | -589,567 |
| Norges Bank | 5,730,407 | new |
| Wellington Management Group Llp | 5,529,713 | +4,766,434 |
| Invesco Ltd. | 5,064,932 | -1,300,500 |
| William Blair Investment Management, LLC | 4,215,842 | new |
| Connor, Clark & Lunn Investment Management Ltd. | 4,197,448 | -2,771,333 |
Insiders
Questions about HBM
What does Hudbay Minerals Inc. do?
Hudbay Minerals explores for, mines, and processes base and precious metals. It operates mines and mineral processing facilities in North and South America, primarily producing copper concentrate and zinc metal along with gold and silver byproducts. Its output is sold to smelters, refiners, and metal traders. Its shares trade on NYSE under the ticker HBM.
What is Hudbay Minerals Inc.'s net worth?
Hudbay Minerals Inc. has a market value (market cap) of $11.6B at the latest share price, and shareholders' equity of $3.2B on its balance sheet at December 31, 2025. A company's "net worth" usually means one of these: what the market pays for all its shares, or its assets minus its liabilities.
Is Hudbay Minerals Inc. profitable?
Yes. In fiscal 2025 it reported net income of $568.5M on revenue of $2.2B, a net margin of 25.7%.
How much revenue does Hudbay Minerals Inc. make?
In fiscal 2025 Hudbay Minerals Inc. reported revenue of $2.2B. That is 9.4% more than a year earlier.
When did Hudbay Minerals Inc. last report?
Its most recent periodic report is the annual report (Canadian issuer) (40-F) filed on March 27, 2026. It covers the period to December 31, 2025. Its newest filing of any kind is the foreign issuer update from September 28, 2026.
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Where the numbers come from
Financial figures are the values Hudbay Minerals Inc. tagged in its own SEC filings (XBRL), taken from the latest filing for each period, so restatements replace older figures. Revenue, profit and cash flow are for full fiscal years unless marked as the last twelve months, which is the sum of the four most recent quarters. Where a company reports only the full year, the fourth quarter is the year minus the first three.
Prices are delayed end-of-day market data in the listing currency, and market cap moves with the price. P/E is shown only when earnings per share are positive. Nothing here is investment advice.