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Hecla Mining Company (HL) 10-Year Financial Performance & Capital Metrics

HL • • Industrial / General
Basic MaterialsGoldIntermediate Gold ProducersMulti-Mine Operators
AboutHecla Mining Company, together with its subsidiaries, discovers, acquires, develops, and produces precious and base metal properties in the United States and internationally. The company mines for silver, gold, lead, and zinc concentrates, as well as carbon material containing silver and gold for sale to custom smelters, metal traders, and third-party processors,; and doré containing silver and gold. It owns 100% interests in the Greens Creek mine located on Admiralty Island in southeast Alaska; the Lucky Friday mine situated in northern Idaho; the Casa Berardi mine located in the Abitibi region of northwestern Quebec, Canada; and the San Sebastian mine situated in the city of Durango, Mexico. The company also holds 100% interests in the Fire Creek mine located in Lander County, Nevada; and the Hollister and Midas mines situated in Elko County, Nevada. Hecla Mining Company was incorporated in 1891 and is headquartered in Coeur d'Alene, Idaho.Show more
  • Revenue $930M +29.1%
  • EBITDA $304M +155.1%
  • Net Income $36M +142.5%
  • EPS (Diluted) 0.06 +140.4%
  • Gross Margin 21.31% +35.9%
  • EBITDA Margin 32.65% +97.6%
  • Operating Margin 11.43% +284.2%
  • Net Margin 3.85% +132.9%
  • ROE 1.79% +141.9%
  • ROIC 3.13% +330.3%
  • Debt/Equity 0.27 -19.8%
  • Interest Coverage 2.13 +306.8%
Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

  • ✓Strong Piotroski F-Score: 7/9
  • ✓Momentum leader: RS Rating 97 (top 3%)
  • ✓High quality earnings: Operating CF exceeds net income
  • ✓Trading near 52-week high

✗Weaknesses

No significant weaknesses identified

* These insights are generated automatically based on available financial data. Please conduct your own research before making investment decisions.

Price & Volume

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Growth Metrics

Revenue CAGR

10Y6.38%
5Y6.67%
3Y4.82%
TTM45.61%

Profit (Net Income) CAGR

10Y7.22%
5Y-
3Y0.67%
TTM1721.35%

EPS CAGR

10Y1.25%
5Y-
3Y-4.21%
TTM5026.19%

ROCE

10Y Avg1.07%
5Y Avg1.52%
3Y Avg0.57%
Latest3.77%

Peer Comparison

Multi-Mine Operators
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Sector-Specific
NameMarket CapCurrent PriceP/E RatioRevenue Growth 1YNet MarginROEFCF YieldDebt/Equity
HLHecla Mining Company16.9B25.22445.5829.12%25.23%12.61%0.02%0.27
CDECoeur Mining, Inc.13.63B21.22141.4728.35%24.03%13.21%0.54
ARMNAris Mining Corporation3.7B18.24130.2914.06%6.35%3.44%0.48
NGDNew Gold Inc.8.24B10.4174.3617.55%20.16%20%1.48%0.38
AGIAlamos Gold Inc.16.92B40.3058.4131.62%33.38%13.27%1.39%0.08
CGAUCenterra Gold Inc.3.24B16.0645.8910.92%26.35%17.46%3.52%0.01
EGOEldorado Gold Corporation8.16B40.6128.8030.94%22.17%9.08%0.3%0.24
EQXEquinox Gold Corp.11.43B14.5621.4139.14%5.73%2.35%0.41

Profit & Loss

Dec 2015Dec 2016Dec 2017Dec 2018Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024
Sales/Revenue+443.57M645.96M577.77M567.14M673.27M691.87M807.47M718.9M720.23M929.92M
Revenue Growth %-0.11%0.46%-0.11%-0.02%0.19%0.03%0.17%-0.11%0%0.29%
Cost of Goods Sold+405.06M454.45M420.79M488.04M639.44M530.77M589.67M602.75M607.28M731.72M
COGS % of Revenue0.91%0.7%0.73%0.86%0.95%0.77%0.73%0.84%0.84%0.79%
Gross Profit+38.51M191.51M156.99M79.1M33.83M161.1M217.8M116.16M112.95M198.21M
Gross Margin %0.09%0.3%0.27%0.14%0.05%0.23%0.27%0.16%0.16%0.21%
Gross Profit Growth %-0.55%3.97%-0.18%-0.5%-0.57%3.76%0.35%-0.47%-0.03%0.75%
Operating Expenses+59.34M66.29M70.36M84.16M80.51M94.12M134.38M128.59M157.62M91.93M
OpEx % of Revenue0.13%0.1%0.12%0.15%0.12%0.14%0.17%0.18%0.22%0.1%
Selling, General & Admin34.2M45.04M35.61M36.54M35.83M35.56M34.57M43.38M42.72M45.41M
SG&A % of Revenue0.08%0.07%0.06%0.06%0.05%0.05%0.04%0.06%0.06%0.05%
Research & Development4.21M3.38M8.72M10.33M3.69M2.44M0000
R&D % of Revenue0.01%0.01%0.02%0.02%0.01%0%----
Other Operating Expenses20.92M17.87M26.02M-907K40.99M56.12M99.81M85.21M114.9M46.53M
Operating Income+-35.61M116.94M64.64M-39.13M-46.68M66.98M83.42M-12.44M-44.67M106.28M
Operating Margin %-0.08%0.18%0.11%-0.07%-0.07%0.1%0.1%-0.02%-0.06%0.11%
Operating Income Growth %-2.65%4.28%-0.45%-1.61%-0.19%2.43%0.25%-1.15%-2.59%3.38%
EBITDA+76.97M234.36M191.11M101.78M149.73M221.98M256.07M132.71M119M303.59M
EBITDA Margin %0.17%0.36%0.33%0.18%0.22%0.32%0.32%0.18%0.17%0.33%
EBITDA Growth %-0.42%2.04%-0.18%-0.47%0.47%0.48%0.15%-0.48%-0.1%1.55%
D&A (Non-Cash Add-back)112.58M117.41M126.47M140.91M196.41M155.01M172.65M145.15M163.67M197.31M
EBIT-5.27M118.77M57.54M7.68M-64.78M48.31M47.47M-2.12M-39.68M116.05M
Net Interest Income+-24.47M-21.8M-38.01M-40.94M-48.45M-49.57M-41.95M-42.79M-43.32M-49.83M
Interest Income916K000000000
Interest Expense25.39M21.8M38.01M40.94M48.45M49.57M41.95M42.79M43.32M49.83M
Other Income/Expense4.95M-12.46M-67.66M5.86M-66.55M-68.24M-77.89M-32.48M-38.32M-40.06M
Pretax Income+-30.66M96.97M-3.64M-33.26M-113.23M-1.26M5.53M-44.91M-83M66.22M
Pretax Margin %-0.07%0.15%-0.01%-0.06%-0.17%-0%0.01%-0.06%-0.12%0.07%
Income Tax+56.31M27.43M19.88M-6.7M-18.32M8.2M-29.57M-7.57M1.22M30.41M
Effective Tax Rate %2.84%0.72%6.46%0.8%0.84%7.52%6.35%0.83%1.01%0.54%
Net Income+-86.97M69.55M-23.52M-26.56M-94.91M-9.46M35.09M-37.35M-84.22M35.8M
Net Margin %-0.2%0.11%-0.04%-0.05%-0.14%-0.01%0.04%-0.05%-0.12%0.04%
Net Income Growth %-5.88%1.8%-1.34%-0.13%-2.57%0.9%4.71%-2.06%-1.25%1.43%
Net Income (Continuing)-86.97M61.57M-28.52M-26.56M-94.91M-9.46M35.09M-37.35M-84.22M35.8M
Discontinued Operations0000000000
Minority Interest0000000000
EPS (Diluted)+-0.230.18-0.06-0.06-0.20-0.030.06-0.07-0.140.06
EPS Growth %-5.6%1.78%-1.33%-0.04%-2.26%0.84%3.03%-2.04%-1.09%1.4%
EPS (Basic)-0.230.18-0.06-0.06-0.20-0.030.06-0.07-0.140.06
Diluted Shares Outstanding373.95M389.32M397.39M433.42M490.45M527.33M542.18M557.34M605.67M622.53M
Basic Shares Outstanding373.95M386.42M397.39M433.42M490.45M527.33M536.19M557.34M605.67M620.85M
Dividend Payout Ratio-0.06%----0.57%--0.71%

Balance Sheet

Dec 2015Dec 2016Dec 2017Dec 2018Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024
Total Current Assets+269.53M303.38M320.32M164.15M179.12M284.31M341.63M267.73M260.26M214.15M
Cash & Short-Term Investments155.21M198.89M219.87M27.39M62.45M129.83M210.01M104.74M106.37M26.87M
Cash Only155.21M169.78M186.11M27.39M62.45M129.83M210.01M104.74M106.37M26.87M
Short-Term Investments029.12M33.76M0000000
Accounts Receivable41.35M30.05M32.19M25.82M38.42M39.19M44.59M55.84M33.12M49.05M
Days Sales Outstanding34.0216.9820.3416.6220.8320.6820.1528.3516.7819.25
Inventory45.54M50.02M54.55M87.53M66.21M96.17M67.77M90.67M93.65M104.94M
Days Inventory Outstanding41.0440.1847.3265.4737.866.1441.9554.9156.2952.34
Other Current Assets27.43M12.13M10.93M11.18M11.93M19.11M19.27M16.47M27.13M33.3M
Total Non-Current Assets+1.95B2.07B2.04B2.54B2.46B2.42B2.39B2.66B2.75B2.77B
Property, Plant & Equipment1.9B2.03B2.02B2.52B2.44B2.39B2.32B2.58B2.67B2.7B
Fixed Asset Turnover0.23x0.32x0.29x0.23x0.28x0.29x0.35x0.28x0.27x0.34x
Goodwill0000000000
Intangible Assets0000000000
Long-Term Investments1.51M5M7.56M6.58M6.21M15.15M10.84M24.02M33.72M33.9M
Other Non-Current Assets17.48M7.08M15.54M11.22M8.36M9.14M7.53M33.47M39.64M31.35M
Total Assets+2.22B2.37B2.36B2.7B2.64B2.7B2.73B2.93B3.01B2.98B
Asset Turnover0.20x0.27x0.24x0.21x0.26x0.26x0.30x0.25x0.24x0.31x
Asset Growth %-0.02%0.07%-0%0.14%-0.02%0.02%0.01%0.07%0.03%-0.01%
Total Current Liabilities+127.08M127.48M112.13M136.19M116.97M147.21M160.38M178.47M157.46M197.84M
Accounts Payable51.28M60.06M46.55M77.86M57.72M68.52M68.1M84.75M81.74M88.96M
Days Payables Outstanding46.2148.2440.3858.2332.9547.1242.1551.3249.1344.37
Short-Term Debt2.72M470K000000033.62M
Deferred Revenue (Current)1000K1000K1000K1000K000000
Other Current Liabilities36.79M23.52M28.71M23.04M6.17M11.88M31.2M28.17M19.82M23.63M
Current Ratio2.12x2.38x2.86x1.21x1.53x1.93x2.13x1.50x1.65x1.08x
Quick Ratio1.76x1.99x2.37x0.56x0.97x1.28x1.71x0.99x1.06x0.55x
Cash Conversion Cycle28.868.9127.2823.8525.6839.719.9531.9423.9427.22
Total Non-Current Liabilities+755.91M764.35M768.95M876.79M827.91M839.22M807.64M769.74M885.54M743.71M
Long-Term Debt500.2M500.98M502.23M532.8M504.73M507.24M515.87M517.74M653.06M508.93M
Capital Lease Obligations8.84M5.84M6.19M7.87M18.03M16.91M17.73M000
Deferred Tax Liabilities119.62M121.6M121.55M173.54M138.28M156.09M149.71M125.85M104.83M110.27M
Other Non-Current Liabilities127.25M258.79M263.33M162.58M166.87M158.97M124.33M126.15M127.64M124.52M
Total Liabilities883M891.83M881.08M1.01B944.88M986.42M968.02M948.21M1.04B941.55M
Total Debt+520.5M512.94M514.03M545.93M533.77M533.65M539.21M527.23M662.82M550.71M
Net Debt365.29M343.16M327.92M518.54M471.32M403.82M329.2M422.48M556.44M523.85M
Debt / Equity0.39x0.35x0.35x0.32x0.32x0.31x0.31x0.27x0.34x0.27x
Debt / EBITDA6.76x2.19x2.69x5.36x3.56x2.40x2.11x3.97x5.57x1.81x
Net Debt / EBITDA4.75x1.46x1.72x5.09x3.15x1.82x1.29x3.18x4.68x1.73x
Interest Coverage-1.40x5.37x1.70x-0.96x-0.96x1.35x1.99x-0.29x-1.03x2.13x
Total Equity+1.34B1.48B1.48B1.69B1.69B1.71B1.76B1.98B1.97B2.04B
Equity Growth %-0.04%0.11%0%0.14%0%0.01%0.03%0.12%-0.01%0.04%
Book Value per Share3.583.803.733.903.453.253.253.553.253.28
Total Shareholders' Equity1.34B1.48B1.48B1.69B1.69B1.71B1.76B1.98B1.97B2.04B
Common Stock95.22M99.81M100.93M121.96M132.29M134.63M136.39M151.82M156.08M160.05M
Retained Earnings-232.56M-167.44M-195.48M-248.31M-353.33M-368.07M-353.65M-403.93M-503.86M-493.53M
Treasury Stock-10.73M-15.17M-18.04M-20.74M-22.97M-23.5M-28.02M-31.7M-33.73M-34.93M
Accumulated OCI-32.63M-34.6M-23.37M-42.47M-37.31M-32.89M-28.46M2.45M5.84M-10.27M
Minority Interest0000000000

Cash Flow

Dec 2015Dec 2016Dec 2017Dec 2018Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024
Cash from Operations+106.44M225.33M115.88M94.22M120.87M180.79M220.34M89.89M75.5M218.28M
Operating CF Margin %0.24%0.35%0.2%0.17%0.18%0.26%0.27%0.13%0.1%0.23%
Operating CF Growth %0.28%1.12%-0.49%-0.19%0.28%0.5%0.22%-0.59%-0.16%1.89%
Net Income-86.97M69.55M-23.52M-26.56M-94.91M-9.46M35.09M-37.35M-84.22M35.8M
Depreciation & Amortization107.92M117.41M121.93M140.91M204.47M164.03M172.65M145.15M163.67M190.47M
Stock-Based Compensation5.42M6.18M6.32M6.28M5.67M6.46M06.01M6.6M8.66M
Deferred Taxes54.98M2.11M18.31M-9.7M-29.97M-3.82M-48.05M-25.55M-6.12M19.69M
Other Non-Cash Items15.47M7.55M32.37M-6.12M25.53M1.19M41.74M30.93M34.46M32.01M
Working Capital Changes9.62M22.52M-39.53M-10.58M10.07M22.39M18.9M-29.3M-38.9M-68.35M
Change in Receivables-6.83M4.23M-2.41M9.84M-10.94M-1.08M-5.41M8.67M25.13M-17.16M
Change in Inventory-854K-5.7M-3.74M-27.51M16.15M-13.21M16.92M-18.23M-24.04M-32.84M
Change in Payables-4.21M-6.54M-16.43M17.8M-24.36M19.38M-795K-24.98M598K-2.83M
Cash from Investing+-138.61M-198.66M-95.39M-236.55M-119.87M-92.9M-107.03M-187.27M-231.29M-212.87M
Capital Expenditures-137.44M-164.79M-98.04M-136.93M-121.42M-91.02M-109.05M-149.38M-223.89M-214.49M
CapEx % of Revenue0.31%0.26%0.17%0.24%0.18%0.13%0.14%0.21%0.31%0.23%
Acquisitions----------
Investments----------
Other Investing579K348K8.91M6.79M183K331K-869K748K1.33M1.69M
Cash from Financing+-17.14M-12.02M-5.25M-14.88M33.19M-19.38M-32.6M-7.5M156.33M-83.82M
Debt Issued (Net)----------
Equity Issued (Net)----------
Dividends Paid-4.29M-4.42M-4.53M-4.95M-5.47M-9.15M-20.67M-12.93M-15.71M-25.33M
Share Repurchases----------
Other Financing-127K-127K-476K4.11M45.81M-4.1M-116K-3.68M-2.04M-1.2M
Net Change in Cash----------
Free Cash Flow+-31M60.54M17.84M-42.71M-555K89.78M111.29M-59.49M-148.39M3.79M
FCF Margin %-0.07%0.09%0.03%-0.08%-0%0.13%0.14%-0.08%-0.21%0%
FCF Growth %0.21%2.95%-0.71%-3.39%0.99%162.76%0.24%-1.53%-1.49%1.03%
FCF per Share-0.080.160.04-0.10-0.000.170.21-0.11-0.240.01
FCF Conversion (FCF/Net Income)-1.22x3.24x-4.93x-3.55x-1.27x-19.12x6.28x-2.41x-0.90x6.10x
Interest Paid019.28M35.62M38.4M42.97M34.85M037.2M37.74M46.06M
Taxes Paid06.33M23.13M-115K3.38M0014.4M8.91M6.57M

Key Ratios

Metric2015201620172018201920202021202220232024
Return on Equity (ROE)-6.36%4.93%-1.59%-1.67%-5.61%-0.56%2.02%-2%-4.27%1.79%
Return on Invested Capital (ROIC)-1.57%4.97%2.67%-1.46%-1.6%2.35%2.97%-0.42%-1.36%3.13%
Gross Margin8.68%29.65%27.17%13.95%5.02%23.28%26.97%16.16%15.68%21.31%
Net Margin-19.61%10.77%-4.07%-4.68%-14.1%-1.37%4.35%-5.2%-11.69%3.85%
Debt / Equity0.39x0.35x0.35x0.32x0.32x0.31x0.31x0.27x0.34x0.27x
Interest Coverage-1.40x5.37x1.70x-0.96x-0.96x1.35x1.99x-0.29x-1.03x2.13x
FCF Conversion-1.22x3.24x-4.93x-3.55x-1.27x-19.12x6.28x-2.41x-0.90x6.10x
Revenue Growth-11.43%45.63%-10.56%-1.84%18.71%2.76%16.71%-10.97%0.18%29.12%

Revenue by Segment

2011201220162018201920202021202220232024
Silver Contracts-------265.05M302.28M413.98M
Silver Contracts Growth--------14.05%36.95%
Gold-------298.91M274.61M318.26M
Gold Growth---------8.13%15.89%
Zinc-------123.06M116.23M130.77M
Zinc Growth---------5.55%12.51%
Lead-------83.38M72.73M87.22M
Lead Growth---------12.78%19.93%
Copper---------416K
Copper Growth----------
Environmental Services--------5.3M-
Environmental Services Growth----------
Silver Concentrate------345.73M---
Silver Concentrate Growth----------
Zinc Concentrate---80.94M74.16M76.48M112.45M---
Zinc Concentrate Growth-----8.37%3.13%47.03%---
Precious Metals Concentrate------32.38M---
Precious Metals Concentrate Growth----------
Carbon----37.65M60.3M4.12M---
Carbon Growth-----60.19%-93.17%---
Lead Concentrate---148.88M200.46M281.05M----
Lead Concentrate Growth----34.64%40.21%----
Bulk Concentrate---17.67M21.38M23.88M----
Bulk Concentrate Growth----20.99%11.73%----
Greens Creek--260.45M-------
Greens Creek Growth----------
Casa Berardi--177.14M-------
Casa Berardi Growth----------
San Sebastian--113.89M-------
San Sebastian Growth----------
Lucky Friday--94.48M-------
Lucky Friday Growth----------

Revenue by Geography

2011201220162018201920202021202220232024
CANADA---322.4M-145.67M419.09M406.6M375.09M457.42M
CANADA Growth------187.70%-2.98%-7.75%21.95%
CHINA---66K-66.08M50.95M136.51M103.53M183.64M
CHINA Growth-------22.91%167.96%-24.16%77.38%
KOREA, DEMOCRATIC PEOPLE'S REPUBLIC OF-------107.83M127.59M181.37M
KOREA, DEMOCRATIC PEOPLE'S REPUBLIC OF Growth--------18.33%42.15%
JAPAN---42.88M-39.42M63.59M51.38M52.74M44.56M
JAPAN Growth------61.32%-19.21%2.66%-15.51%
UNITED STATES---48.44M-292.7M71.28M21.94M36.31M41.08M
UNITED STATES Growth-------75.65%-69.22%65.50%13.14%
NETHERLANDS------923K----
NETHERLANDS Growth----------
KOREA, REPUBLIC OF---145.26M-165.3M203.12M---
KOREA, REPUBLIC OF Growth------22.88%---
Korea92.92M120.11M--------
Korea Growth-29.26%--------
China51.63M72.13M--------
China Growth-39.70%--------
Japan60.96M70.37M--------
Japan Growth-15.43%--------
Canada240.57M34.44M--------
Canada Growth--85.68%--------
United States24.41M25.44M--------
United States Growth-4.22%--------

Frequently Asked Questions

Valuation & Price

Hecla Mining Company (HL) has a price-to-earnings (P/E) ratio of 445.6x. This suggests investors expect higher future growth.

Growth & Financials

Hecla Mining Company (HL) reported $1.22B in revenue for fiscal year 2024. This represents a 156% increase from $477.6M in 2011.

Hecla Mining Company (HL) grew revenue by 29.1% over the past year. This is strong growth.

Yes, Hecla Mining Company (HL) is profitable, generating $309.0M in net income for fiscal year 2024 (3.9% net margin).

Dividend & Returns

Yes, Hecla Mining Company (HL) pays a dividend with a yield of 0.16%. This makes it attractive for income-focused investors.

Hecla Mining Company (HL) has a return on equity (ROE) of 1.8%. This is below average, suggesting room for improvement.

Hecla Mining Company (HL) generated $240.3M in free cash flow for fiscal year 2024. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.

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