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Hecla Mining vs Mdu Resources: revenue, profit, margins and growth compared

Hecla Mining brought in $1.4B of revenue in fiscal 2025, Mdu Resources $1.9B in fiscal 2025. Revenue changed by +53.0% at Hecla Mining and +6.7% at Mdu Resources on the year before, so Hecla Mining grew faster. Hecla Mining kept 22.6% of its revenue as net profit, Mdu Resources 10.2%. Free cash flow was $310.2M at Hecla Mining and -$297M at Mdu Resources.

Side by side, latest fiscal year

HLMDU
Fiscal year endedFY2025 (December 31, 2025)FY2025 (December 31, 2025)
Revenue$1.4B$1.9B
Revenue growth+53.0%+6.7%
Net income$321.7M$190.4M
Net margin22.6%10.2%
Free cash flow$310.2M-$297M
Free cash flow margin21.8%-15.8%
Earnings per share (diluted)$0.49$0.93
Cash$241.6M$28.2M
Debtn/a$2.7B
Price to earnings37.120.2
Market value$12.2B$3.9B
Dividend yield0.05%2.88%
Rank by revenue in sector#249 of 451 · Industrials#222 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: $1.4BMDU FY2018: $4.5BMDU FY2019: $5.3BMDU FY2020: $5.5BMDU FY2021: $3.5BMDU FY2022: $1.8BMDU FY2023: $1.8BMDU FY2024: $1.8BMDU FY2025: $1.9BFY18FY19FY20FY21FY22FY23FY24FY25
HL $1.4BMDU $1.9B
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: $321.7MMDU FY2018: $272.3MMDU FY2019: $335.5MMDU FY2020: $390.2MMDU FY2021: $378.1MMDU FY2022: $367.5MMDU FY2023: $414.7MMDU FY2024: $281.1MMDU FY2025: $190.4MFY18FY19FY20FY21FY22FY23FY24FY25
HL $321.7MMDU $190.4M
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%MDU FY2018: 6.0%MDU FY2019: 6.3%MDU FY2020: 7.1%MDU FY2021: 10.9%MDU FY2022: 20.9%MDU FY2023: 23.0%MDU FY2024: 16.0%MDU FY2025: 10.2%FY18FY19FY20FY21FY22FY23FY24FY25
HL 22.6%MDU 10.2%
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%MDU FY2019: +17.8%MDU FY2020: +3.7%MDU FY2021: -37.6%MDU FY2022: -49.2%MDU FY2023: +2.9%MDU FY2024: -2.6%MDU FY2025: +6.7%FY19FY20FY21FY22FY23FY24FY25
HL +53.0%MDU +6.7%
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: $310.2MMDU FY2018: -$68.3MMDU FY2019: -$33.8MMDU FY2020: $210.4MMDU FY2021: $10.6MMDU FY2022: $67.5MMDU FY2023: -$151.5MMDU FY2024: -$20.5MMDU FY2025: -$297MFY18FY19FY20FY21FY22FY23FY24FY25
HL $310.2MMDU -$297M

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

Questions about Hecla Mining and Mdu Resources

Which is bigger by revenue, Hecla Mining or Mdu Resources?

Mdu Resources is bigger by revenue: $1.9B in fiscal 2025, against $1.4B for Hecla Mining in fiscal 2025.

Which keeps more of its revenue as profit, Hecla Mining or Mdu Resources?

Hecla Mining had a net margin of 22.6% in fiscal 2025; Mdu Resources had 10.2% in fiscal 2025.

Which grew revenue faster, Hecla Mining or Mdu Resources?

In their latest fiscal years revenue changed by +53.0% at Hecla Mining and +6.7% at Mdu 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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