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Hudbay Minerals vs Nexa Resources: revenue, profit, margins and growth compared

Hudbay Minerals brought in $2.2B of revenue in fiscal 2025, Nexa Resources $3B in fiscal 2025. Revenue changed by +9.4% at Hudbay Minerals and +8.5% at Nexa Resources on the year before, so Hudbay Minerals grew faster. Hudbay Minerals kept 25.7% of its revenue as net profit, Nexa Resources 4.4%. Free cash flow was $240.6M at Hudbay Minerals and $13.1M at Nexa Resources.

Side by side, latest fiscal year

HBMNEXA
Fiscal year endedFY2025 (December 31, 2025)FY2025 (December 31, 2025)
Revenue$2.2B$3B
Revenue growth+9.4%+8.5%
Net income$568.5M$132.6M
Net margin25.7%4.4%
Free cash flow$240.6M$13.1M
Free cash flow margin10.9%0.4%
Earnings per share (diluted)$1.44$1.00
Cash$568.9M$515.9M
Debt$1B$1.7B
Price to earningsn/an/a
Market value$11.8B$1.6B
Dividend yieldn/an/a
Rank by revenue in sector#21 of 71 · Basic materials#16 of 71 · Basic materials

Over the years

Revenue
HBM FY2018: $1.5BHBM FY2019: $1.2BHBM FY2020: $1.1BHBM FY2021: $1.5BHBM FY2022: $1.5BHBM FY2023: $1.7BHBM FY2024: $2BHBM FY2025: $2.2BNEXA FY2018: $2.5BNEXA FY2019: $2.3BNEXA FY2020: $2BNEXA FY2021: $2.6BNEXA FY2022: $3BNEXA FY2023: $2.6BNEXA FY2024: $2.8BNEXA FY2025: $3BFY18FY19FY20FY21FY22FY23FY24FY25
HBM $2.2BNEXA $3B
Net income
HBM FY2018: $85.4MHBM FY2019: -$343.8MHBM FY2020: -$144.6MHBM FY2021: -$244.4MHBM FY2022: $70.4MHBM FY2023: $66.4MHBM FY2024: $76.7MHBM FY2025: $568.5MNEXA FY2018: $77MNEXA FY2019: -$145.1MNEXA FY2020: -$559.2MNEXA FY2021: $114.3MNEXA FY2022: $49.7MNEXA FY2023: -$292MNEXA FY2024: -$205MNEXA FY2025: $132.6MFY18FY19FY20FY21FY22FY23FY24FY25
HBM $568.5MNEXA $132.6M
Net margin
HBM FY2018: 5.8%HBM FY2019: -27.8%HBM FY2020: -13.2%HBM FY2021: -16.3%HBM FY2022: 4.8%HBM FY2023: 3.9%HBM FY2024: 3.8%HBM FY2025: 25.7%NEXA FY2018: 3.1%NEXA FY2019: -6.2%NEXA FY2020: -28.7%NEXA FY2021: 4.4%NEXA FY2022: 1.6%NEXA FY2023: -11.3%NEXA FY2024: -7.4%NEXA FY2025: 4.4%FY18FY19FY20FY21FY22FY23FY24FY25
HBM 25.7%NEXA 4.4%
Revenue growth
HBM FY2019: -16.0%HBM FY2020: -11.7%HBM FY2021: +37.5%HBM FY2022: -2.7%HBM FY2023: +15.6%HBM FY2024: +19.6%HBM FY2025: +9.4%NEXA FY2019: -6.4%NEXA FY2020: -16.4%NEXA FY2021: +34.4%NEXA FY2022: +15.7%NEXA FY2023: -15.2%NEXA FY2024: +7.5%NEXA FY2025: +8.5%FY19FY20FY21FY22FY23FY24FY25
HBM +9.4%NEXA +8.5%
Free cash flow
HBM FY2018: $288.7MHBM FY2019: $51.7MHBM FY2020: -$121.7MHBM FY2021: $32.9MHBM FY2022: $178.8MHBM FY2023: $195.8MHBM FY2024: $319.1MHBM FY2025: $240.6MNEXA FY2018: $47.8MNEXA FY2019: -$273.8MNEXA FY2020: -$32MNEXA FY2021: $7.8MNEXA FY2022: -$113.5MNEXA FY2023: -$54MNEXA FY2024: $92.4MNEXA FY2025: $13.1MFY18FY19FY20FY21FY22FY23FY24FY25
HBM $240.6MNEXA $13.1M

Fiscal years as each company reports them; the two may end in different months.

Questions about Hudbay Minerals and Nexa Resources

Which is bigger by revenue, Hudbay Minerals or Nexa Resources?

Nexa Resources is bigger by revenue: $3B in fiscal 2025, against $2.2B for Hudbay Minerals in fiscal 2025.

Which keeps more of its revenue as profit, Hudbay Minerals or Nexa Resources?

Hudbay Minerals had a net margin of 25.7% in fiscal 2025; Nexa Resources had 4.4% in fiscal 2025.

Which grew revenue faster, Hudbay Minerals or Nexa Resources?

In their latest fiscal years revenue changed by +9.4% at Hudbay Minerals and +8.5% at Nexa Resources.

Where do these numbers come from?

From the annual reports each company files with the SEC (10-K, or 20-F and 40-F for foreign companies), read from their XBRL data. Margins and growth are simple arithmetic on those figures. Nothing here is a recommendation.

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