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Side-by-side financial comparison of Fabrinet (FN) and Hudbay Minerals Inc. (HBM). Click either name above to swap in a different company.

Hudbay Minerals Inc. is the larger business by last-quarter revenue ($2.0B vs $1.1B, roughly 1.8× Fabrinet). Fabrinet runs the higher net margin — 9.9% vs 3.4%, a 6.6% gap on every dollar of revenue.

Below is a list of companies having stocks that are included in the S&P MidCap 400 stock market index. The index, maintained by S&P Dow Jones Indices, comprises the common stocks of 400 mid-cap, mostly American, companies. Although called the S&P 400, the index sometimes contains more than 400 stocks when it includes two or more share classes of stock from one of its component companies.

Hudbay Minerals Inc. is a Canadian mining company that produces copper, gold, silver, zinc, and molybdenum. In 2024, the company produced 137,943 tonnes of copper, 332,240 ounces of gold, 3,983,851 ounces of silver, 33,339 tonnes of zinc, and 1,323 tonnes of molybdenum. In 2024, copper sales represented 57% of revenue, gold sales represented 33% of revenue, and zinc sales represented 4% of revenue.

FN vs HBM — Head-to-Head

Bigger by revenue
HBM
HBM
1.8× larger
HBM
$2.0B
$1.1B
FN
Higher net margin
FN
FN
6.6% more per $
FN
9.9%
3.4%
HBM

Income Statement — Q2 FY2026 vs Q4 FY2025

Metric
FN
FN
HBM
HBM
Revenue
$1.1B
$2.0B
Net Profit
$112.6M
$67.8M
Gross Margin
12.2%
27.4%
Operating Margin
10.1%
Net Margin
9.9%
3.4%
Revenue YoY
35.9%
Net Profit YoY
30.0%
EPS (diluted)
$3.11

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
FN
FN
HBM
HBM
Q1 26
$2.0B
Q4 25
$1.1B
Q3 25
$978.1M
Q2 25
$909.7M
Q1 25
$871.8M
$525.0M
Q4 24
$833.6M
$1.4B
Q3 24
$804.2M
Q2 24
$753.3M
Net Profit
FN
FN
HBM
HBM
Q1 26
$67.8M
Q4 25
$112.6M
Q3 25
$95.9M
Q2 25
$87.2M
Q1 25
$81.3M
$18.5M
Q4 24
$86.6M
Q3 24
$77.4M
Q2 24
$81.1M
Gross Margin
FN
FN
HBM
HBM
Q1 26
27.4%
Q4 25
12.2%
Q3 25
11.9%
Q2 25
12.2%
Q1 25
11.7%
29.0%
Q4 24
12.1%
Q3 24
12.3%
Q2 24
12.3%
Operating Margin
FN
FN
HBM
HBM
Q1 26
Q4 25
10.1%
Q3 25
9.6%
Q2 25
9.8%
Q1 25
9.0%
Q4 24
9.5%
Q3 24
9.6%
Q2 24
9.7%
Net Margin
FN
FN
HBM
HBM
Q1 26
3.4%
Q4 25
9.9%
Q3 25
9.8%
Q2 25
9.6%
Q1 25
9.3%
3.5%
Q4 24
10.4%
Q3 24
9.6%
Q2 24
10.8%
EPS (diluted)
FN
FN
HBM
HBM
Q1 26
Q4 25
$3.11
Q3 25
$2.66
Q2 25
$2.41
Q1 25
$2.25
Q4 24
$2.38
Q3 24
$2.13
Q2 24
$2.22

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
FN
FN
HBM
HBM
Cash + ST InvestmentsLiquidity on hand
$960.8M
Total DebtLower is stronger
Stockholders' EquityBook value
$2.2B
Total Assets
$3.3B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
FN
FN
HBM
HBM
Q1 26
Q4 25
$960.8M
Q3 25
$968.8M
Q2 25
$934.2M
Q1 25
$950.7M
Q4 24
$934.6M
Q3 24
$908.9M
Q2 24
$858.6M
Stockholders' Equity
FN
FN
HBM
HBM
Q1 26
Q4 25
$2.2B
Q3 25
$2.1B
Q2 25
$2.0B
Q1 25
$1.9B
Q4 24
$1.8B
Q3 24
$1.8B
Q2 24
$1.7B
Total Assets
FN
FN
HBM
HBM
Q1 26
Q4 25
$3.3B
Q3 25
$3.0B
Q2 25
$2.8B
Q1 25
$2.6B
Q4 24
$2.5B
Q3 24
$2.4B
Q2 24
$2.3B

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
FN
FN
HBM
HBM
Operating Cash FlowLast quarter
$46.3M
Free Cash FlowOCF − Capex
$-5.3M
FCF MarginFCF / Revenue
-0.5%
Capex IntensityCapex / Revenue
4.6%
Cash ConversionOCF / Net Profit
0.41×
TTM Free Cash FlowTrailing 4 quarters
$102.3M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
FN
FN
HBM
HBM
Q1 26
Q4 25
$46.3M
Q3 25
$102.6M
Q2 25
$55.1M
Q1 25
$74.2M
Q4 24
$115.9M
Q3 24
$83.2M
Q2 24
$83.1M
Free Cash Flow
FN
FN
HBM
HBM
Q1 26
Q4 25
$-5.3M
Q3 25
$57.3M
Q2 25
$4.7M
Q1 25
$45.7M
Q4 24
$94.0M
Q3 24
$62.9M
Q2 24
$70.4M
FCF Margin
FN
FN
HBM
HBM
Q1 26
Q4 25
-0.5%
Q3 25
5.9%
Q2 25
0.5%
Q1 25
5.2%
Q4 24
11.3%
Q3 24
7.8%
Q2 24
9.3%
Capex Intensity
FN
FN
HBM
HBM
Q1 26
Q4 25
4.6%
Q3 25
4.6%
Q2 25
5.5%
Q1 25
3.3%
Q4 24
2.6%
Q3 24
2.5%
Q2 24
1.7%
Cash Conversion
FN
FN
HBM
HBM
Q1 26
Q4 25
0.41×
Q3 25
1.07×
Q2 25
0.63×
Q1 25
0.91×
Q4 24
1.34×
Q3 24
1.07×
Q2 24
1.02×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

FN
FN

Optical Communications$832.6M73%
Non Optical Communications$300.3M27%

HBM
HBM

Segment breakdown not available.

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