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Hudbay Minerals vs Vale: revenue, profit, margins and growth compared

Hudbay Minerals brought in $2.2B of revenue in fiscal 2025, Vale $38.4B in fiscal 2025. Revenue changed by +9.4% at Hudbay Minerals and +0.9% at Vale on the year before, so Hudbay Minerals grew faster. Hudbay Minerals kept 25.7% of its revenue as net profit, Vale 6.1%.

Side by side, latest fiscal year

HBMVALE
Fiscal year endedFY2025 (December 31, 2025)FY2025 (December 31, 2025)
Revenue$2.2B$38.4B
Revenue growth+9.4%+0.9%
Net income$568.5M$2.4B
Net margin25.7%6.1%
Free cash flow$240.6Mn/a
Free cash flow margin10.9%n/a
Earnings per share (diluted)$1.44n/a
Cash$568.9M$7.4B
Debt$1Bn/a
Price to earningsn/an/a
Market value$11.8B$58.1B
Dividend yieldn/an/a
Rank by revenue in sector#21 of 71 · Basic materials#1 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: $2.2BVALE FY2018: $36.6BVALE FY2019: $36.5BVALE FY2020: $39.5BVALE FY2021: $54.5BVALE FY2022: $43.8BVALE FY2023: $41.8BVALE FY2024: $38.1BVALE FY2025: $38.4BFY18FY19FY20FY21FY22FY23FY24FY25
HBM $2.2BVALE $38.4B
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: $568.5MVALE FY2018: $6.9BVALE FY2019: -$1.7BVALE FY2020: $4.9BVALE FY2021: $22.4BVALE FY2022: $18.8BVALE FY2023: $8BVALE FY2024: $6.2BVALE FY2025: $2.4BFY18FY19FY20FY21FY22FY23FY24FY25
HBM $568.5MVALE $2.4B
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%VALE FY2018: 18.8%VALE FY2019: -4.6%VALE FY2020: 12.3%VALE FY2021: 41.2%VALE FY2022: 42.9%VALE FY2023: 19.1%VALE FY2024: 16.2%VALE FY2025: 6.1%FY18FY19FY20FY21FY22FY23FY24FY25
HBM 25.7%VALE 6.1%
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%VALE FY2019: -0.1%VALE FY2020: +8.2%VALE FY2021: +37.8%VALE FY2022: -19.6%VALE FY2023: -4.7%VALE FY2024: -8.9%VALE FY2025: +0.9%FY19FY20FY21FY22FY23FY24FY25
HBM +9.4%VALE +0.9%
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: $240.6MFY18FY19FY20FY21FY22FY23FY24FY25
HBM $240.6MVALE

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

Questions about Hudbay Minerals and Vale

Which is bigger by revenue, Hudbay Minerals or Vale?

Vale is bigger by revenue: $38.4B in fiscal 2025, against $2.2B for Hudbay Minerals in fiscal 2025.

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

Hudbay Minerals had a net margin of 25.7% in fiscal 2025; Vale had 6.1% in fiscal 2025.

Which grew revenue faster, Hudbay Minerals or Vale?

In their latest fiscal years revenue changed by +9.4% at Hudbay Minerals and +0.9% at Vale.

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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