PerpEquities

Equity

Hudbay Minerals Inc. (HBM) perpetual futures

Hudbay Minerals is a diversified mining company that explores, extracts and sells copper concentrates, silver-gold doré, molybdenum concentrates and metallic zinc, with operations in Canada and Peru and copper projects in Arizona and Nevada.

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Trading data

Perpetual market activity

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24h volume
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Open interest
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Best liquidity
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Tightest spread
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Highest volume
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Settlement mix
USDT · 1/1
Perp/spot vol.
-
OI / float
-
Spot performance
1D-3.36%
5D-3.61%
1M-3.97%
6M+23.64%
YTD+29.12%
1Y+84.52%

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Company data

Company fundamentals

Updated 1h ago
Market cap
$11.4B
Updated 1h ago
Revenue
$2.5B
Trailing 12 months
Revenue growth
+33%
Next fiscal year
Profit margin
+27.1%
P/E
15.2
Peer P/E 6.7
Free cash flow
$246.4M
Trailing 12 months
More metrics
Net income
$674.7M
Trailing 12 months
P/S
4.6
Peer P/E
6.7
Similar listed perps
Revenue estimate
$2.9B
Next fiscal year
Earnings
2026-11-04
Revenue est. $754.9M · Updated 1h ago
Dividend
$0.007
2026-09-08

Fundamental detail

Annual + quarterly
Latest revenue$2.2B
Net margin+25.7%
Free cash flow$197.9M
Net debt$523.8M
2020$1.1B
2021$1.5B
2022$1.5B
2023$1.7B
2024$2B
2025$2.2B
PeriodRevenueGrowthNet incomeFCF
2020$1.1B-12%-$144.6M-$121.7M
2021$1.5B+37%-$244.4M$32.9M
2022$1.5B-3%$70.4M$178.8M
2023$1.7B+16%$66.4M$195.8M
2024$2B+20%$76.7M$317.3M
2025$2.2B+9%$568.5M$197.9M
PeriodGross marginOperating marginNet marginROEROA
2020+3.6%-3.4%-13.2%-8.5%-3.1%
2021+8.7%+1.2%-16.3%-16.5%-5.3%
2022+18.9%+20.7%+4.8%+4.5%+1.6%
2023+23.2%+17.8%+3.9%+3.2%+1.2%
2024+27.4%+20.7%+3.8%+3.0%+1.4%
2025+33.6%+25.4%+25.7%+17.6%+9.2%
PeriodCashDebtNet debtCurrent ratio
2020$439.1M$1.2B$760.1M1.68
2021$271M$1.3B$987.3M1.29
2022$225.7M$1.2B$1B1.17
2023$249.8M$1.4B$1.1B1.25
2024$541.8M$1.2B$640.5M1.95
2025$568.1M$1.1B$523.8M0.95
PeriodMarket capEnterprise valueP/SP/E
2020$1.8B$2.6B1.7-12.7
2021$1.9B$2.9B1.3-7.8
2022$1.3B$2.3B0.918.8
2023$1.7B$2.8B1.026.3
2024$3.1B$3.7B1.540.5
2025$7.9B$8.4B3.613.6
Q3 2024$485.8M
Q4 2024$584.9M
Q1 2025$594.9M
Q2 2025$536.4M
Q3 2025$346.8M
Q4 2025$732.9M
Q1 2026$757.3M
Q2 2026$651M
PeriodRevenueGrowthNet incomeFCF
Q3 2024$485.8M+1%$49.7M$47.9M
Q4 2024$584.9M-3%$21.2M$145M
Q1 2025$594.9M+13%$100.4M$31.8M
Q2 2025$536.4M+26%$117.7M$137.4M
Q3 2025$346.8M-29%$222.4M$3.1M
Q4 2025$732.9M+25%$128M$66M
Q1 2026$757.3M+27%$190.4M$69.8M
Q2 2026$651M+21%$133.9M$107.5M
PeriodGross marginOperating marginNet marginROEROA
Q3 2024+28.8%+21.8%+10.2%+2.0%+0.9%
Q4 2024+31.5%+25.6%+3.6%+0.8%+0.4%
Q1 2025+38.9%+30.6%+16.9%+3.8%+1.8%
Q2 2025+32.9%+28.3%+21.9%+4.1%+2.1%
Q3 2025+18.8%+3.0%+64.1%+7.2%+3.8%
Q4 2025+36.9%+29.6%+17.5%+4.0%+2.1%
Q1 2026+48.6%+40.0%+25.1%+5.4%+2.8%
Q2 2026+41.0%+36.3%+20.6%+2.8%+1.7%
PeriodCashDebtNet debtCurrent ratio
Q3 2024$443.3M$1.2B$733.9M1.86
Q4 2024$541.8M$1.2B$640.5M1.95
Q1 2025$562.6M$1.2B$639.4M2.32
Q2 2025$625.5M$1.1B$511.2M1.03
Q3 2025$611.1M$1.1B$497.1M0.97
Q4 2025$568.1M$1.1B$523.8M0.95
Q1 2026$1B$1.1B$61.3M1.36
Q2 2026$939.9M$912.1M-$27.8M2.24
PeriodMarket capEnterprise valueP/SP/E
Q3 2024$3.6B$4.4B7.417.7
Q4 2024$3.2B$3.8B5.537.7
Q1 2025$3B$3.6B5.07.6
Q2 2025$4.2B$4.7B7.88.8
Q3 2025$6B$6.5B17.36.8
Q4 2025$7.9B$8.4B10.715.0
Q1 2026$8.3B$8.4B11.011.1
Q2 2026$9.5B$9.4B14.517.9

Refreshed 1h ago

Charts: revenue, profit, cash flow & valuation
Revenue$651MQ2 2026
$189.3M$378.7M$568M$757.3MQ3 2023: $480.5MQ4 2023: $602.2MQ1 2024: $525MQ2 2024: $425.5MQ3 2024: $485.8MQ4 2024: $584.9MQ1 2025: $594.9MQ2 2025: $536.4MQ3 2025: $346.8MQ4 2025: $732.9MQ1 2026: $757.3MQ2 2026: $651MQ3 2023Q2 2026
Net income$133.9MQ2 2026
$43.2M$103M$162.7M$222.4MQ3 2023: $45.1MQ4 2023: $30.7MQ1 2024: $22.3MQ2 2024: -$16.5MQ3 2024: $49.7MQ4 2024: $21.2MQ1 2025: $100.4MQ2 2025: $117.7MQ3 2025: $222.4MQ4 2025: $128MQ1 2026: $190.4MQ2 2026: $133.9MQ3 2023Q2 2026
EBITDA$326.2MQ2 2026
$115.2M$230.5M$345.7M$460.9MQ3 2023: $219.3MQ4 2023: $203.8MQ1 2024: $205.5MQ2 2024: $124.3MQ3 2024: $201MQ4 2024: $254.7MQ1 2025: $303MQ2 2025: $273MQ3 2025: $435.7MQ4 2025: $431.7MQ1 2026: $460.9MQ2 2026: $326.2MQ3 2023Q2 2026
Free cash flow$107.5MQ2 2026
$37M$74M$111M$148MQ3 2023: $82.7MQ4 2023: $148MQ1 2024: $77.2MQ2 2024: $50.7MQ3 2024: $47.9MQ4 2024: $145MQ1 2025: $31.8MQ2 2025: $137.4MQ3 2025: $3.1MQ4 2025: $66MQ1 2026: $69.8MQ2 2026: $107.5MQ3 2023Q2 2026
EPS$0.33Q2 2026
$0.11$0.26$0.41$0.56Q3 2023: $0.13Q4 2023: $0.09Q1 2024: $0.06Q2 2024: -$0.05Q3 2024: $0.13Q4 2024: $0.05Q1 2025: $0.25Q2 2025: $0.3Q3 2025: $0.56Q4 2025: $0.33Q1 2026: $0.47Q2 2026: $0.33Q3 2023Q2 2026
Cash / Debt$939.9MQ2 2026
$369.2M$738.5M$1.1B$1.5BQ3 2023 · Cash: $253MQ3 2023 · Debt: $1.5BQ4 2023 · Cash: $250.5MQ4 2023 · Debt: $1.4BQ1 2024 · Cash: $284.4MQ1 2024 · Debt: $1.4BQ2 2024 · Cash: $486.5MQ2 2024 · Debt: $1.2BQ3 2024 · Cash: $443.3MQ3 2024 · Debt: $1.2BQ4 2024 · Cash: $541.8MQ4 2024 · Debt: $1.2BQ1 2025 · Cash: $562.6MQ1 2025 · Debt: $1.2BQ2 2025 · Cash: $625.5MQ2 2025 · Debt: $1.1BQ3 2025 · Cash: $611.1MQ3 2025 · Debt: $1.1BQ4 2025 · Cash: $568.1MQ4 2025 · Debt: $1.1BQ1 2026 · Cash: $1BQ1 2026 · Debt: $1.1BQ2 2026 · Cash: $939.9MQ2 2026 · Debt: $912.1MQ3 2023Q2 2026
CashDebt
Profitability+41.0%Q2 2026
+13.1%+30.1%+47.1%+64.1%Q3 2023 · Gross margin: +22.1%Q4 2023 · Gross margin: +32.7%Q1 2024 · Gross margin: +29.0%Q2 2024 · Gross margin: +18.2%Q3 2024 · Gross margin: +28.8%Q4 2024 · Gross margin: +31.5%Q1 2025 · Gross margin: +38.9%Q2 2025 · Gross margin: +32.9%Q3 2025 · Gross margin: +18.8%Q4 2025 · Gross margin: +36.9%Q1 2026 · Gross margin: +48.6%Q2 2026 · Gross margin: +41.0%Q3 2023 · Operating margin: +24.0%Q4 2023 · Operating margin: +21.6%Q1 2024 · Operating margin: +21.3%Q2 2024 · Operating margin: +10.5%Q3 2024 · Operating margin: +21.8%Q4 2024 · Operating margin: +25.6%Q1 2025 · Operating margin: +30.6%Q2 2025 · Operating margin: +28.3%Q3 2025 · Operating margin: +3.0%Q4 2025 · Operating margin: +29.6%Q1 2026 · Operating margin: +40.0%Q2 2026 · Operating margin: +36.3%Q3 2023 · Net margin: +9.4%Q4 2023 · Net margin: +5.1%Q1 2024 · Net margin: +4.2%Q2 2024 · Net margin: -3.9%Q3 2024 · Net margin: +10.2%Q4 2024 · Net margin: +3.6%Q1 2025 · Net margin: +16.9%Q2 2025 · Net margin: +21.9%Q3 2025 · Net margin: +64.1%Q4 2025 · Net margin: +17.5%Q1 2026 · Net margin: +25.1%Q2 2026 · Net margin: +20.6%Q3 2023Q2 2026
Gross marginOperating marginNet margin
Revenue growth+21.4%Q2 2026
-14.6%-0.7%+13.3%+27.3%Q3 2024: +1.1%Q4 2024: -2.9%Q1 2025: +13.3%Q2 2025: +26.1%Q3 2025: -28.6%Q4 2025: +25.3%Q1 2026: +27.3%Q2 2026: +21.4%Q3 2023Q2 2026
Shares outstanding402MQ2 2026
100.5M201M301.5M402MQ3 2023: 347MQ4 2023: 349.1MQ1 2024: 351MQ2 2024: 368.3MQ3 2024: 394.2MQ4 2024: 394MQ1 2025: 395.7MQ2 2025: 395.8MQ3 2025: 396.9MQ4 2025: 400MQ1 2026: 398.8MQ2 2026: 402MQ3 2023Q2 2026
Valuation17.9Q2 2026
-24.7-3.916.937.7Q3 2023 · P/E: 9.4Q4 2023 · P/E: 15.3Q1 2024 · P/E: 27.5Q2 2024 · P/E: -45.6Q3 2024 · P/E: 17.7Q4 2024 · P/E: 37.7Q1 2025 · P/E: 7.6Q2 2025 · P/E: 8.8Q3 2025 · P/E: 6.8Q4 2025 · P/E: 15.0Q1 2026 · P/E: 11.1Q2 2026 · P/E: 17.9Q3 2023 · P/S: 3.5Q4 2023 · P/S: 3.2Q1 2024 · P/S: 4.7Q2 2024 · P/S: 7.9Q3 2024 · P/S: 7.4Q4 2024 · P/S: 5.5Q1 2025 · P/S: 5.0Q2 2025 · P/S: 7.8Q3 2025 · P/S: 17.3Q4 2025 · P/S: 10.7Q1 2026 · P/S: 11.0Q2 2026 · P/S: 14.5Q3 2023Q2 2026
P/EP/S
Revenue$2.2B2025
$552.8M$1.1B$1.7B$2.2B2018: $1.5B2019: $1.2B2020: $1.1B2021: $1.5B2022: $1.5B2023: $1.7B2024: $2B2025: $2.2B20182025
Net income$568.5M2025
-$115.7M$112.3M$340.4M$568.5M2018: $85.4M2019: -$343.8M2020: -$144.6M2021: -$244.4M2022: $70.4M2023: $66.4M2024: $76.7M2025: $568.5M20182025
EBITDA$1.4B2025
$335.7M$704.7M$1.1B$1.4B2018: $573.3M2019: -$33.4M2020: $267.2M2021: $274.4M2022: $530.3M2023: $650.8M2024: $780.3M2025: $1.4B20182025
Free cash flow$197.9M2025
-$12M$97.8M$207.5M$317.3M2018: $288.7M2019: $51.7M2020: -$121.7M2021: $32.9M2022: $178.8M2023: $195.8M2024: $317.3M2025: $197.9M20182025
EPS$1.462025
-$0.63$0.07$0.76$1.462018: $0.332019: -$1.322020: -$0.552021: -$0.932022: $0.272023: $0.212024: $0.22025: $1.4620182025
Cash / Debt$568.1M2025
$344.5M$688.9M$1B$1.4B2018 · Cash: $515.5M2018 · Debt: $1.1B2019 · Cash: $396.1M2019 · Debt: $1.1B2020 · Cash: $439.1M2020 · Debt: $1.2B2021 · Cash: $271M2021 · Debt: $1.3B2022 · Cash: $225.7M2022 · Debt: $1.2B2023 · Cash: $249.8M2023 · Debt: $1.4B2024 · Cash: $541.8M2024 · Debt: $1.2B2025 · Cash: $568.1M2025 · Debt: $1.1B20182025
CashDebt
Profitability+33.6%2025
-12.4%+2.9%+18.3%+33.6%2018 · Gross margin: +25.4%2019 · Gross margin: +12.2%2020 · Gross margin: +3.6%2021 · Gross margin: +8.7%2022 · Gross margin: +18.9%2023 · Gross margin: +23.2%2024 · Gross margin: +27.4%2025 · Gross margin: +33.6%2018 · Operating margin: +20.3%2019 · Operating margin: -23.3%2020 · Operating margin: -3.4%2021 · Operating margin: +1.2%2022 · Operating margin: +20.7%2023 · Operating margin: +17.8%2024 · Operating margin: +20.7%2025 · Operating margin: +25.4%2018 · Net margin: +5.8%2019 · Net margin: -27.8%2020 · Net margin: -13.2%2021 · Net margin: -16.3%2022 · Net margin: +4.8%2023 · Net margin: +3.9%2024 · Net margin: +3.8%2025 · Net margin: +25.7%20182025
Gross marginOperating marginNet margin
Revenue growth+9.4%2025
-2.6%+10.8%+24.1%+37.5%2019: -16.0%2020: -11.7%2021: +37.5%2022: -2.7%2023: +15.6%2024: +19.6%2025: +9.4%20182025
Shares outstanding396.6M2025
99.2M198.3M297.5M396.6M2018: 261.3M2019: 261.3M2020: 261.3M2021: 261.5M2022: 262.2M2023: 311M2024: 377.3M2025: 396.6M20182025
Valuation13.62025
0.613.927.240.52018 · P/E: 14.32019 · P/E: -3.12020 · P/E: -12.72021 · P/E: -7.82022 · P/E: 18.82023 · P/E: 26.32024 · P/E: 40.52025 · P/E: 13.62018 · P/S: 0.82019 · P/S: 0.92020 · P/S: 1.72021 · P/S: 1.32022 · P/S: 0.92023 · P/S: 1.02024 · P/S: 1.52025 · P/S: 3.620182025
P/EP/S

Next catalyst

Catalysts

Earnings
2026-11-04
Revenue est. $754.9M · Updated 1h ago
Dividend
$0.007
2026-09-08

No unusual perp activity right now.

Research data

Analysts, filings and peer context

Estimates

6
DateEPS estimateRevenue estimateGrowthAnalysts
FY 20261.52$2.9B+33%10
FY 20271.95$3.4B+54%12
FY 20281.91$3.4B+53%8
FY 20292.23$3.8B+73%5
FY 20302.01$3.4B+55%5
Q1 20270.51$894.1M+18%6

Company events

6
2026-11-04EarningsActual - / Estimate 0.34-
2026-09-08Dividend$0.007-
2026-07-29EarningsActual 0.28 / Estimate 0.26Beat
2026-06-09Dividend$0.01-
2026-05-01EarningsActual 0.4 / Estimate 0.34Beat
2026-03-10Dividend$0.01-

Peer comparison

Similar listed perps

Analyst track record

How the analysts covering HBM have done: ratings, price-target accuracy and the measured reaction after their calls.

After buy calls on this stock: not enough measured cases yet

Latest ratings

DateAnalystCallTarget
May 21, 2026Richard GarchitorenaBarclaysBuyInitiated$30.00
May 21, 2026Joseph ParkhillUBSBuyMaintained$29.71
May 11, 2026Lawson WinderBank of America SecuritiesBuyMaintained
May 4, 2026Ralph M. ProfitiStifel NicolausBuyMaintained$29.71
May 4, 2026Dalton BarettoCanaccord GenuityBuyMaintained$28.99

TipRanks data via FMP · computed Sep 15, 2026

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