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Hecla Mining vs Knife River: revenue, profit, margins and growth compared

Hecla Mining brought in $1.4B of revenue in fiscal 2025, Knife River $3.1B in fiscal 2025. Revenue changed by +53.0% at Hecla Mining and +8.5% at Knife River on the year before, so Hecla Mining grew faster. Hecla Mining kept 22.6% of its revenue as net profit, Knife River 5.0%. Free cash flow was $310.2M at Hecla Mining and -$69.6M at Knife River.

Side by side, latest fiscal year

HLKNF
Fiscal year endedFY2025 (December 31, 2025)FY2025 (December 31, 2025)
Revenue$1.4B$3.1B
Revenue growth+53.0%+8.5%
Net income$321.7M$157.1M
Net margin22.6%5.0%
Free cash flow$310.2M-$69.6M
Free cash flow margin21.8%-2.2%
Earnings per share (diluted)$0.49$2.76
Cash$241.6M$73.8M
Debtn/a$1.2B
Price to earnings37.119.8
Market value$12.2B$3.1B
Dividend yield0.05%n/a
Rank by revenue in sector#249 of 451 · Industrials#178 of 451 · Industrials

Over the years

Revenue
HL FY2018: $567.1MHL FY2019: $673.3MHL FY2020: $691.9MHL FY2021: $807.5MHL FY2022: $718.9MHL FY2023: $720.2MHL FY2024: $929.9MHL FY2025: $1.4BKNF FY2021: $2.2BKNF FY2023: $2.5BKNF FY2023: $2.8BKNF FY2024: $2.9BKNF FY2025: $3.1BFY18FY19FY20FY21FY22FY23FY24FY25
HL $1.4BKNF $3.1B
Net income
HL FY2018: -$26.6MHL FY2019: -$94.9MHL FY2020: -$9.5MHL FY2021: $35.1MHL FY2022: -$37.3MHL FY2023: -$84.2MHL FY2024: $35.8MHL FY2025: $321.7MKNF FY2021: $129.8MKNF FY2023: $116.2MKNF FY2023: $182.9MKNF FY2024: $201.7MKNF FY2025: $157.1MFY18FY19FY20FY21FY22FY23FY24FY25
HL $321.7MKNF $157.1M
Net margin
HL FY2018: -4.7%HL FY2019: -14.1%HL FY2020: -1.4%HL FY2021: 4.3%HL FY2022: -5.2%HL FY2023: -11.7%HL FY2024: 3.8%HL FY2025: 22.6%KNF FY2021: 5.8%KNF FY2023: 4.6%KNF FY2023: 6.5%KNF FY2024: 7.0%KNF FY2025: 5.0%FY18FY19FY20FY21FY22FY23FY24FY25
HL 22.6%KNF 5.0%
Revenue growth
HL FY2019: +18.7%HL FY2020: +2.8%HL FY2021: +16.7%HL FY2022: -11.0%HL FY2023: +0.2%HL FY2024: +29.1%HL FY2025: +53.0%KNF FY2023: +13.7%KNF FY2023: +11.7%KNF FY2024: +2.4%KNF FY2025: +8.5%FY19FY20FY21FY22FY23FY24FY25
HL +53.0%KNF +8.5%
Free cash flow
HL FY2018: -$42.7MHL FY2019: -$555KHL FY2020: $89.8MHL FY2021: $111.3MHL FY2022: -$59.5MHL FY2023: -$148.4MHL FY2024: $3.8MHL FY2025: $310.2MKNF FY2021: $7MKNF FY2023: $29.3MKNF FY2023: $211.4MKNF FY2024: $149.9MKNF FY2025: -$69.6MFY18FY19FY20FY21FY22FY23FY24FY25
HL $310.2MKNF -$69.6M

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

Questions about Hecla Mining and Knife River

Which is bigger by revenue, Hecla Mining or Knife River?

Knife River is bigger by revenue: $3.1B in fiscal 2025, against $1.4B for Hecla Mining in fiscal 2025.

Which keeps more of its revenue as profit, Hecla Mining or Knife River?

Hecla Mining had a net margin of 22.6% in fiscal 2025; Knife River had 5.0% in fiscal 2025.

Which grew revenue faster, Hecla Mining or Knife River?

In their latest fiscal years revenue changed by +53.0% at Hecla Mining and +8.5% at Knife River.

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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