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Hecla Mining vs Vulcan Materials: revenue, profit, margins and growth compared

Hecla Mining brought in $1.4B of revenue in fiscal 2025, Vulcan Materials $7.9B in fiscal 2025. Revenue changed by +53.0% at Hecla Mining and +7.1% at Vulcan Materials on the year before, so Hecla Mining grew faster. Hecla Mining kept 22.6% of its revenue as net profit, Vulcan Materials 13.6%. Free cash flow was $310.2M at Hecla Mining and $1.1B at Vulcan Materials.

Side by side, latest fiscal year

HLVMC
Fiscal year endedFY2025 (December 31, 2025)FY2025 (December 31, 2025)
Revenue$1.4B$7.9B
Revenue growth+53.0%+7.1%
Net income$321.7M$1.1B
Net margin22.6%13.6%
Free cash flow$310.2M$1.1B
Free cash flow margin21.8%14.3%
Earnings per share (diluted)$0.49$8.11
Cash$241.6M$183.3M
Debtn/a$4.4B
Price to earnings37.130.2
Market value$12.2B$31.7B
Dividend yield0.05%0.80%
Rank by revenue in sector#249 of 451 · Industrials#80 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: $1.4BVMC FY2018: $4.4BVMC FY2019: $4.9BVMC FY2020: $4.9BVMC FY2021: $5.6BVMC FY2022: $7.3BVMC FY2023: $7.8BVMC FY2024: $7.4BVMC FY2025: $7.9BFY18FY19FY20FY21FY22FY23FY24FY25
HL $1.4BVMC $7.9B
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: $321.7MVMC FY2018: $515.8MVMC FY2019: $617.7MVMC FY2020: $584.5MVMC FY2021: $670.8MVMC FY2022: $575.6MVMC FY2023: $933.2MVMC FY2024: $911.9MVMC FY2025: $1.1BFY18FY19FY20FY21FY22FY23FY24FY25
HL $321.7MVMC $1.1B
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%VMC FY2018: 11.8%VMC FY2019: 12.5%VMC FY2020: 12.0%VMC FY2021: 12.1%VMC FY2022: 7.9%VMC FY2023: 12.0%VMC FY2024: 12.3%VMC FY2025: 13.6%FY18FY19FY20FY21FY22FY23FY24FY25
HL 22.6%VMC 13.6%
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%VMC FY2019: +12.5%VMC FY2020: -1.5%VMC FY2021: +14.3%VMC FY2022: +31.8%VMC FY2023: +6.4%VMC FY2024: -4.7%VMC FY2025: +7.1%FY19FY20FY21FY22FY23FY24FY25
HL +53.0%VMC +7.1%
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: $310.2MVMC FY2018: $363.7MVMC FY2019: $600MVMC FY2020: $708.2MVMC FY2021: $560.6MVMC FY2022: $535.6MVMC FY2023: $664.2MVMC FY2024: $806.1MVMC FY2025: $1.1BFY18FY19FY20FY21FY22FY23FY24FY25
HL $310.2MVMC $1.1B

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

Questions about Hecla Mining and Vulcan Materials

Which is bigger by revenue, Hecla Mining or Vulcan Materials?

Vulcan Materials is bigger by revenue: $7.9B in fiscal 2025, against $1.4B for Hecla Mining in fiscal 2025.

Which keeps more of its revenue as profit, Hecla Mining or Vulcan Materials?

Hecla Mining had a net margin of 22.6% in fiscal 2025; Vulcan Materials had 13.6% in fiscal 2025.

Which grew revenue faster, Hecla Mining or Vulcan Materials?

In their latest fiscal years revenue changed by +53.0% at Hecla Mining and +7.1% at Vulcan Materials.

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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