Hecla Mining Company (HL) Financial Ratios
30 years of historical data (1996–2025) · Basic Materials · Gold
EV/EBITDA
↑
15.23
↓-22% vs avg
5yr avg: 19.54
30Y Low5.3·High60.9
P/FCF
↑
34.50
↓-88% vs avg
5yr avg: 291.19
30Y Low15.8·High142.3
P/B Ratio
↑
4.04
↑+83% 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 32.6x earnings, 53% 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 23.6x, the stock trades at a premium of 38%. On a free-cash-flow basis, the stock trades at 34.5x P/FCF, 88% 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 | $10.7B | $12.6B | $3.1B | $2.9B | $3.1B | $2.8B | $3.4B | $1.7B | $1.0B | $1.6B | $2.0B |
| Enterprise Value | $10.8B | $12.6B | $3.6B | $3.5B | $3.5B | $3.2B | $3.8B | $2.1B | $1.5B | $1.9B | $2.4B |
| P/E Ratio → | 32.57 | 39.16 | 86.75 | — | — | 81.06 | — | — | — | — | 29.11 |
| P/S Ratio | 7.52 | 8.84 | 3.29 | 4.04 | 4.31 | 3.50 | 4.94 | 2.47 | 1.80 | 2.73 | 3.16 |
| P/B Ratio | 4.04 | 4.86 | 1.50 | 1.48 | 1.57 | 1.61 | 1.99 | 0.98 | 0.60 | 1.06 | 1.38 |
| P/FCF | 34.50 | 40.56 | 807.57 | — | — | 25.43 | 38.06 | — | — | 88.43 | 33.70 |
| P/OCF | 19.03 | 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 15.2x EBITDA, 22% below its 5-year average of 19.5x. The Basic Materials sector median is 11.0x, placing the stock at a 38% 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 | 15.23 | 17.89 | 11.79 | 29.16 | 26.53 | 12.34 | 17.21 | 14.25 | 15.14 | 9.97 | 10.17 |
| EV / EBIT | 20.19 | 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 10.3%. 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 (83% below the sector average of 2.4x). 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 3.1% (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 | 3.1% | 2.6% | 1.2% | — | — | 1.2% | — | — | — | — | 3.4% |
| FCF Yield | 2.9% | 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 | $11B | 32.6 | 15.2 | 34.5 | 41.1% | 37.5% | 13.9% | 15.3% | 0.4 |
 PAAS | $21B | 18.8 | 11.8 | 19.1 | 37.7% | 32.3% | 17.0% | 15.7% | 0.5 |
 CDE | $11B | 19.5 | 11.0 | 17.1 | 39.3% | 36.3% | 26.4% | 23.5% | 0.4 |
 EXK | $3B | -20.0 | 91.0 | — | 11.0% | 6.0% | -22.8% | 3.8% | 8.6 |
 FSM | $3B | 10.3 | 4.5 | 9.6 | 48.7% | 38.5% | 18.9% | 19.3% | 0.5 |
 NEM | $115B | 16.2 | 8.2 | 15.8 | 49.8% | 46.9% | 22.1% | 24.9% | 0.0 |
 AEM | $83B | 18.8 | 10.2 | 19.6 | 58.1% | 53.1% | 19.6% | 21.9% | 0.0 |
 KGC | $32B | 13.4 | 7.2 | 12.4 | 47.5% | 43.2% | 31.0% | 29.9% | 0.2 |
 AU | $46B | 17.5 | 8.3 | 14.8 | 46.5% | 45.1% | 28.6% | 35.9% | 0.4 |
 WPM | $56B | 37.3 | 28.2 | 97.0 | 72.2% | 68.8% | 18.8% | 17.4% | 0.0 |
 AG | $9B | 51.4 | 13.2 | 25.3 | 34.8% | 27.8% | 7.4% | 13.1% | 0.5 |
| Basic Materials Median | — | 23.6 | 11.0 | 29.0 | 30.9% | 10.3% | -0.0% | 4.6% | 2.4 |
Peer selection based on competitive and market overlap. Compare multiple stocks →
Download Financial Ratios Data
Includes 30+ ratios · 30 years · Updated daily
Consensus-Based Analysis Tools
Full Stock Analysis
Deep dive into HL consensus models and risk factors.
View Analysis
Intrinsic Valuation
DCF models, multiple analysis, and analyst estimates.
Check Valuation
Historical Returns
10-year return with dividends reinvested.
Calculate
DCA Calculator
See how regular investing compounds over time.
Run Numbers
Peer Comparison
Compare growth, multiples, and margins vs sector.
Compare
HL — 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 32.6x. 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 15.2x. 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 32.6x. 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 0.09% 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.