Hecla Mining Company (HL) Financial Ratios
30 years of historical data (1996–2025) · Basic Materials · Gold
EV/EBITDA
↑
17.31
↓-11% vs avg
5yr avg: 19.54
30Y Low5.3·High60.9
P/FCF
↑
39.23
↓-87% vs avg
5yr avg: 291.19
30Y Low15.8·High142.3
P/B Ratio
↑
4.59
↑+109% vs avg
5yr avg: 2.20
30Y Low0.5·High5.6
ROE
↑
13.9%
↓+507% vs avg
5yr avg: 2.3%
30Y Low-95%·High36%
Debt/EBITDA
↓
0.42
↓-85% vs avg
5yr avg: 2.78
30Y Low0.0·High10.3
Percentile shows where the current value sits in 30-year historical distribution. Sparklines show 5-year trend.
HL Valuation Multiples
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
Hecla Mining Company trades at 37.0x earnings, 46% below its 5-year average of 69.0x, sitting at the 45th percentile of its historical range. Compared to the Basic Materials sector median P/E of 22.9x, the stock trades at a premium of 62%. On a free-cash-flow basis, the stock trades at 39.2x P/FCF, 87% below the 5-year average of 291.2x.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Market Cap | $12.2B | $12.6B | $3.1B | $2.9B | $3.1B | $2.8B | $3.4B | $1.7B | $1.0B | $1.6B | $2.0B |
| Enterprise Value | $12.2B | $12.6B | $3.6B | $3.5B | $3.5B | $3.2B | $3.8B | $2.1B | $1.5B | $1.9B | $2.4B |
| P/E Ratio → | 37.04 | 39.16 | 86.75 | — | — | 81.06 | — | — | — | — | 29.11 |
| P/S Ratio | 8.55 | 8.84 | 3.29 | 4.04 | 4.31 | 3.50 | 4.94 | 2.47 | 1.80 | 2.73 | 3.16 |
| P/B Ratio | 4.59 | 4.86 | 1.50 | 1.48 | 1.57 | 1.61 | 1.99 | 0.98 | 0.60 | 1.06 | 1.38 |
| P/FCF | 39.23 | 40.56 | 807.57 | — | — | 25.43 | 38.06 | — | — | 88.43 | 33.70 |
| P/OCF | 21.63 | 22.37 | 14.00 | 38.59 | 34.47 | 12.84 | 18.90 | 13.76 | 10.86 | 13.61 | 9.05 |
P/E links to full P/E history page with 30-year chart
HL EV Ratios
Enterprise-value multiples — capital-structure-neutral measures of total business value
Hecla Mining Company's enterprise value stands at 17.3x EBITDA, 11% below its 5-year average of 19.5x. The Basic Materials sector median is 11.4x, placing the stock at a 52% premium on an enterprise-value basis.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| EV / Revenue | — | 8.88 | 3.85 | 4.82 | 4.90 | 3.91 | 5.52 | 3.17 | 2.72 | 3.30 | 3.69 |
| EV / EBITDA | 17.31 | 17.89 | 11.79 | 29.16 | 26.53 | 12.34 | 17.21 | 14.25 | 15.14 | 9.97 | 10.17 |
| EV / EBIT | 22.94 | 23.71 | 30.85 | — | — | 66.55 | 79.09 | — | 200.70 | 33.12 | 20.07 |
| EV / FCF | — | 40.75 | 945.97 | — | — | 28.39 | 42.56 | — | — | 106.81 | 39.37 |
HL Profitability
Margins and return-on-capital ratios measuring operating efficiency
Hecla Mining Company earns an operating margin of 37.5%, significantly above the Basic Materials sector average of 9.8%. Operating margins have expanded from -6.2% to 37.5% over the past 3 years, signaling improving operational efficiency. ROE of 13.9% is modest. ROIC of 15.3% represents solid returns on invested capital.
Margins
Full margin charts and quarterly trend are on the Earnings History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 41.1% | 41.1% | 21.3% | 15.7% | 16.2% | 27.0% | 23.3% | 5.0% | 13.9% | 27.2% | 29.6% |
| Operating Margin | 37.5% | 37.5% | 11.4% | -6.2% | -1.7% | 10.3% | 9.7% | -6.9% | -6.9% | 11.2% | 18.1% |
| Net Profit Margin | 22.6% | 22.6% | 3.9% | -11.7% | -5.2% | 4.3% | -1.4% | -14.1% | -4.7% | -4.1% | 10.8% |
Return on Capital
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 13.9% | 13.9% | 1.8% | -4.3% | -2.0% | 2.0% | -0.6% | -5.6% | -1.7% | -1.6% | 4.9% |
| ROA | 9.5% | 9.5% | 1.2% | -2.8% | -1.3% | 1.3% | -0.4% | -3.6% | -1.0% | -1.0% | 3.0% |
| ROIC | 15.3% | 15.3% | 3.1% | -1.4% | -0.4% | 3.0% | 2.3% | -1.6% | -1.5% | 2.7% | 5.0% |
| ROCE | 16.8% | 16.8% | 3.8% | -1.6% | -0.5% | 3.3% | 2.6% | -1.8% | -1.6% | 2.9% | 5.4% |
HL Leverage & Debt
Solvency and debt-coverage ratios — lower is generally safer
Hecla Mining Company carries a Debt/EBITDA ratio of 0.4x, which is very conservative (84% below the sector average of 2.6x). Net debt stands at $57M ($299M total debt minus $242M cash). Interest coverage of 12.8x signals virtually no risk of debt distress — earnings comfortably cover interest obligations.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 0.12 | 0.12 | 0.27 | 0.34 | 0.27 | 0.31 | 0.31 | 0.32 | 0.32 | 0.35 | 0.35 |
| Debt / EBITDA | 0.42 | 0.42 | 1.81 | 5.57 | 3.97 | 2.11 | 2.40 | 3.56 | 5.36 | 2.69 | 2.19 |
| Net Debt / Equity | — | 0.02 | 0.26 | 0.28 | 0.21 | 0.19 | 0.24 | 0.28 | 0.31 | 0.22 | 0.23 |
| Net Debt / EBITDA | 0.08 | 0.08 | 1.73 | 4.68 | 3.18 | 1.29 | 1.82 | 3.15 | 5.09 | 1.72 | 1.46 |
| Debt / FCF | — | 0.18 | 138.40 | — | — | 2.96 | 4.50 | — | — | 18.38 | 5.67 |
| Interest Coverage | 12.82 | 12.82 | 2.33 | -0.92 | -0.05 | 1.13 | 0.97 | -1.34 | 0.19 | 1.51 | 5.45 |
HL Liquidity & Efficiency
Short-term solvency ratios and asset-utilisation metrics
Hecla Mining Company's current ratio of 2.72x is well above the 1.0 safety threshold, indicating strong short-term liquidity with ample room to cover current liabilities. The quick ratio of 2.22x is notably lower than the current ratio, indicating a significant portion of current assets is tied up in inventory. The current ratio has improved from 1.65x to 2.72x over the past 3 years.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 2.72 | 2.72 | 1.08 | 1.65 | 1.50 | 2.13 | 1.93 | 1.53 | 1.21 | 2.86 | 2.38 |
| Quick Ratio | 2.22 | 2.22 | 0.55 | 1.06 | 0.99 | 1.71 | 1.28 | 0.97 | 0.56 | 2.37 | 1.99 |
| Cash Ratio | 1.30 | 1.30 | 0.14 | 0.68 | 0.59 | 1.31 | 0.88 | 0.53 | 0.20 | 1.96 | 1.56 |
| Asset Turnover | — | 0.38 | 0.31 | 0.24 | 0.25 | 0.30 | 0.26 | 0.26 | 0.21 | 0.24 | 0.27 |
| Inventory Turnover | 7.30 | 7.30 | 6.97 | 6.48 | 6.65 | 8.70 | 5.52 | 9.66 | 5.58 | 7.71 | 9.08 |
| Days Sales Outstanding | — | 48.05 | 19.25 | 16.78 | 28.35 | 20.15 | 20.68 | 20.83 | 16.62 | 20.34 | 16.98 |
HL Shareholder Yields
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
Hecla Mining Company returns 0.1% to shareholders annually — split between a 0.1% dividend yield and 0.0% buyback yield. The payout ratio of 3.1% is conservative, leaving significant room for dividend growth or reinvestment. The earnings yield of 2.7% (inverse of P/E) provides a useful comparison to bond yields when assessing the stock's relative attractiveness to fixed income.
Dividends
Full dividend history and growth charts are on the Dividend History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend Yield | 0.1% | 0.1% | 0.8% | 0.5% | 0.4% | 0.7% | 0.3% | 0.3% | 0.4% | 0.3% | 0.2% |
| Payout Ratio | 3.1% | 3.1% | 70.8% | — | — | 57.3% | — | — | — | — | 5.6% |
Total Shareholder Return Metrics
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | 2.7% | 2.6% | 1.2% | — | — | 1.2% | — | — | — | — | 3.4% |
| FCF Yield | 2.5% | 2.5% | 0.1% | — | — | 3.9% | 2.6% | — | — | 1.1% | 3.0% |
| Buyback Yield | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.2% | 0.0% | 0.0% | 0.3% | 0.2% | 0.2% |
| Total Shareholder Yield | 0.1% | 0.1% | 0.8% | 0.5% | 0.4% | 0.9% | 0.3% | 0.3% | 0.7% | 0.4% | 0.4% |
| Shares Outstanding | — | $656M | $623M | $606M | $557M | $542M | $527M | $490M | $433M | $397M | $389M |
Peer Comparison
Compare HL with 10 similar companies in its peer group
| Company | Market Cap | P/E | EV/EBITDA | P/FCF | Gross Margin | Op Margin | ROE | ROIC | Debt/EBITDA |
|---|---|---|---|---|---|---|---|---|---|
 HLYou | $12B | 37.0 | 17.3 | 39.2 | 41.1% | 37.5% | 13.9% | 15.3% | 0.4 |
 PAAS | $24B | 21.7 | 13.7 | 22.0 | 37.7% | 32.3% | 17.0% | 15.7% | 0.5 |
 CDE | $12B | 20.8 | 11.6 | 18.1 | 39.3% | 36.3% | 26.4% | 23.5% | 0.4 |
 EXK | $3B | -71.6 | 69.8 | — | 19.3% | 3.8% | -7.2% | 1.5% | 3.0 |
 FSM | $3B | 10.9 | 4.8 | 10.2 | 48.7% | 38.5% | 18.9% | 19.3% | 0.5 |
 NEM | $128B | 18.0 | 9.2 | 17.5 | 49.8% | 46.9% | 22.1% | 24.9% | 0.0 |
 AEM | $95B | 21.4 | 11.6 | 22.3 | 58.1% | 53.1% | 19.6% | 21.9% | 0.0 |
 KGC | $37B | 15.5 | 8.4 | 14.4 | 47.5% | 43.2% | 31.0% | 29.9% | 0.2 |
 AU | $50B | 19.0 | 9.0 | 16.0 | 46.5% | 45.1% | 28.6% | 35.9% | 0.4 |
 WPM | $61B | 40.9 | 31.1 | 106.5 | 72.2% | 68.8% | 18.8% | 17.4% | 0.0 |
 AG | $10B | 60.5 | 15.7 | 29.7 | 34.8% | 27.8% | 7.4% | 13.1% | 0.5 |
| Basic Materials Median | — | 22.9 | 11.4 | 27.5 | 31.7% | 9.8% | 1.0% | 4.4% | 2.6 |
Peer selection based on competitive and market overlap. Compare multiple stocks →
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Start ComparisonHL — Frequently Asked Questions
Quick answers to the most common questions about buying HL stock.
What is Hecla Mining Company's P/E ratio?
Hecla Mining Company's current P/E ratio is 37.0x. The historical average is 51.6x. This places it at the 45th percentile of its historical range.
What is Hecla Mining Company's EV/EBITDA?
Hecla Mining Company's current EV/EBITDA is 17.3x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 17.7x.
What is Hecla Mining Company's ROE?
Hecla Mining Company's return on equity (ROE) is 13.9%. The historical average is -2.6%.
Is HL stock overvalued?
Based on historical data, Hecla Mining Company is trading at a P/E of 37.0x. This is at the 45th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
What is Hecla Mining Company's dividend yield?
Hecla Mining Company's current dividend yield is 0.08% with a payout ratio of 3.1%.
What are Hecla Mining Company's profit margins?
Hecla Mining Company has 41.1% gross margin and 37.5% operating margin. Operating margin above 20% indicates strong pricing power and cost efficiency.
How much debt does Hecla Mining Company have?
Hecla Mining Company's Debt/EBITDA ratio is 0.4x, indicating low leverage. A ratio below 2x is generally considered financially healthy.