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Hecla Mining Company

Rank #343HypergrowthWatchlistCompare with other stocks

HL · NYSE · Basic Materials

Hecla Mining Company (HL) — Rank #343 by gross profitability (GP/assets 0.20) · ROE 12.0% · Piotroski F-Score N/A.

As-of 2026-10-30 · CIK 0000719413 · all metrics point-in-time as of the filing date.

About

Hecla Mining Company, together with its subsidiaries, provides precious and base metals in the United States, Canada, Japan, Korea, China, and internationally.

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The company mines for silver, gold, lead, and zinc concentrates, as well as carbon material containing silver and gold for custom smelters, metal traders, and third-party processors; and unrefined doré containing silver and gold.

The company was incorporated in 1891 and is headquartered in Coeur d'Alene, Idaho.

Industry
Other Precious Metals & Mining
Sector
Basic Materials
State
DE
Filer Category
Large accelerated filer
Fiscal Year End
December 31
Website
hecla.com

Company Snapshot

P/S is the primary valuation lens — earnings are reinvested, not available for P/E.

Market Cap

—

P/E (annual)

—

P/S (annual)

—

P/B

—

P/OCF (annual)

—

Shareholder Yield

—

Employees

1,865

Industry

Other Precious Metals & Mining

Exchange

NYSE

11/12

Flags passed

HL passes 11/12 quality flags

1 caution to review

  • CAUTION
    Dilution above 2%

    Annual share count increase exceeds 2%. May be acceptable for high-growth companies funding talent via stock compensation

  • PASS
    Gross margin holding
  • PASS
    FCF not negative from investment
  • PASS
    Disclosure consistent
  • PASS
    Revenue not declining
  • PASS
    Operating margin holding
  • PASS
    Free cash flow intact
  • PASS
    Passes safety gate
  • PASS
    Balance sheet stable
  • PASS
    No competitive retreat
  • PASS
    SBC not compressing margin
  • PASS
    No valuation convergence

Strengths Revenue growth accelerating · Operating leverage expanding · Sequential beat (rev + EPS)

A count of the 12 warning flags that could be evaluated. Unweighted: colour follows the worst flag.

Quality Profile

Profitability

1/1 pass
GP / assets
0.20
Return on equity
12.0%
Gross margin trend
PASS

Safety

1/1 pass
Balance-sheet safety
PASS
Debt / equity
0.19
Current ratio
5.20×
Net cash
$637.88M

Cash Flow

2/3 pass
Positive FCF
PASS
Cash-backed earnings
WARN
Accruals healthy
PASS
SBC / revenue
0.8%

Growth

1/2 pass
Revenue growth
53.0%
Piotroski F-Score
N/A
Share dilution
5.3%

Revenue growth and the path to profitability (margin trend) are the primary reads at this stage.

Profitability

Does it make money well?

No warning flags · GP/assets 0.20

Gross profitability (GP / assets)

0.20

Primary signal (Novy-Marx).

2nd of 6 SIC 1400 peers

Return on equity

12.0%

Gross margin

43.7%

2nd of 6 SIC 1400 peers

Revenue growth (YoY)

53.0%

Gross margin improving

Margin trend vs prior year.

PASS

Operating Leverage

2022202320242025
Revenue vs COGS
Revenue vs OpEx
Op. Income vs Revenue

Growth

Revenue CAGR (3Y)

25.6%

Revenue CAGR (5Y)

15.5%

Earnings CAGR (3Y)

—

FCF CAGR (3Y)

—

Cash Flow Health

Is the cash real?

No warning flags · FCF 4% below net income

Free cash flow

$310.24M

Operating cash flow minus capex.

Positive free cash flow

PASS

FCF vs net income

-3.6%

(FCF − net income) ÷ |net income|. Positive: cash above earnings. Negative: below.

FCF not below net income

Fails when free cash flow is below net income (yellow flag).

WARN

Accruals healthy

Cash-backed earnings.

PASS

SBC / revenue

0.8%

Stock-based comp intensity.

Balance Sheet Strength

Can it survive a storm?

Caution: Dilution above 2% · net cash $637.88M

Balance-sheet safety

Composite anti-fragile check.

PASS

Debt / equity

0.19

2nd of 6 SIC 1400 peers (best = lowest)

Current ratio

5.20×

3rd of 6 SIC 1400 peers

Quick ratio

4.12×

Net cash

$637.88M

Cash & equivalents minus total debt.

Piotroski F-Score

N/A

Only 8/9 components determinable.

Valuation

Is the price reasonable?

No warning flags

Dividend safety

Composite score

3.0 / 5

Good
Payout ratio
3.2%5/5 Strong
FCF coverage
29.90×5/5 Strong
Dividend growth streak
0 yr0/5 Weak
Balance-sheet health
D/E 0.19 · IC -12.38×2/5 Fair

Capital allocation quality

Composite score

1.7 / 5

Weak
Share count trend
5.3%0/5 Weak
Buyback timing
N/AN/A
Dividend growth consistency(non-payer or broken streak)
0 yr0/5 Weak
Net debt trajectory(deleveraging)
9.0%5/5 Strong

Lifecycle Phase History

20202025
Startup
Capital Return
Decline
Op. Leverage
Hypergrowth

Price History

HL+214.4% · +25.7% CAGRSPY+82.9% · +12.8% CAGR

View full financial statements →

Source filings on SEC EDGAR: 10-K annual reports · 10-Q quarterly reports