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Side-by-side financial comparison of Hudbay Minerals Inc. (HBM) and Ivanhoe Electric Inc. (IE). Click either name above to swap in a different company.
Hudbay Minerals Inc. is the larger business by last-quarter revenue ($2.0B vs $896.0K, roughly 2255.8× Ivanhoe Electric Inc.). Hudbay Minerals Inc. runs the higher net margin — 3.4% vs -4500.4%, a 4503.8% gap on every dollar of revenue. Over the past eight quarters, Hudbay Minerals Inc.'s revenue compounded faster (161.7% CAGR vs 57.8%).
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.
Ivanhoe Electric Inc. is a critical minerals exploration and development firm focused on metals for global electrification. It targets high-grade copper, gold, silver and strategic deposits, with primary North American operations, supplying raw materials to renewable energy, EV and power grid infrastructure supply chains worldwide.
HBM vs IE — Head-to-Head
Income Statement — Q1 2026 vs Q4 2025
| Metric | | |
|---|---|---|
| Revenue | $2.0B | $896.0K |
| Net Profit | $67.8M | $-40.3M |
| Gross Margin | 27.4% | 69.5% |
| Operating Margin | — | -4167.7% |
| Net Margin | 3.4% | -4500.4% |
| Revenue YoY | — | -32.7% |
| Net Profit YoY | — | -318.3% |
| EPS (diluted) | — | $0.24 |
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.
| Q1 26 | $2.0B | — | ||
| Q4 25 | $1.5B | $896.0K | ||
| Q3 25 | — | $545.0K | ||
| Q2 25 | $110.9K | $1.1M | ||
| Q1 25 | $525.0M | $735.0K | ||
| Q4 24 | $1.4B | $1.3M | ||
| Q3 24 | $5.3K | $671.0K | ||
| Q2 24 | $113.3K | $538.0K |
| Q1 26 | $67.8M | — | ||
| Q4 25 | — | $-40.3M | ||
| Q3 25 | — | $-17.5M | ||
| Q2 25 | — | $-23.9M | ||
| Q1 25 | $18.5M | $-34.1M | ||
| Q4 24 | — | $18.5M | ||
| Q3 24 | — | $-43.2M | ||
| Q2 24 | — | $-46.8M |
| Q1 26 | 27.4% | — | ||
| Q4 25 | — | 69.5% | ||
| Q3 25 | — | 51.2% | ||
| Q2 25 | — | 72.5% | ||
| Q1 25 | 29.0% | 60.1% | ||
| Q4 24 | — | 64.7% | ||
| Q3 24 | — | 61.8% | ||
| Q2 24 | — | 64.3% |
| Q1 26 | — | — | ||
| Q4 25 | — | -4167.7% | ||
| Q3 25 | — | -4328.3% | ||
| Q2 25 | — | -2400.3% | ||
| Q1 25 | — | -3674.0% | ||
| Q4 24 | — | -2229.4% | ||
| Q3 24 | — | -6233.8% | ||
| Q2 24 | — | -9023.4% |
| Q1 26 | 3.4% | — | ||
| Q4 25 | — | -4500.4% | ||
| Q3 25 | — | -3214.9% | ||
| Q2 25 | — | -2233.2% | ||
| Q1 25 | 3.5% | -4645.0% | ||
| Q4 24 | — | 1386.6% | ||
| Q3 24 | — | -6443.5% | ||
| Q2 24 | — | -8695.7% |
| Q1 26 | — | — | ||
| Q4 25 | — | $0.24 | ||
| Q3 25 | — | $0.13 | ||
| Q2 25 | — | $0.18 | ||
| Q1 25 | — | $0.24 | ||
| Q4 24 | — | $-0.14 | ||
| Q3 24 | — | $0.36 | ||
| Q2 24 | — | $0.39 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | — | $173.3M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | — | $416.1M |
| Total Assets | — | $483.3M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | — | $173.3M | ||
| Q3 25 | — | $69.5M | ||
| Q2 25 | — | $88.0M | ||
| Q1 25 | — | $98.2M | ||
| Q4 24 | — | $41.0M | ||
| Q3 24 | — | $81.1M | ||
| Q2 24 | — | $133.8M |
| Q1 26 | — | — | ||
| Q4 25 | — | $416.1M | ||
| Q3 25 | — | $280.1M | ||
| Q2 25 | — | $293.3M | ||
| Q1 25 | — | $307.0M | ||
| Q4 24 | — | $268.6M | ||
| Q3 24 | — | $250.1M | ||
| Q2 24 | — | $289.2M |
| Q1 26 | — | — | ||
| Q4 25 | — | $483.3M | ||
| Q3 25 | — | $386.2M | ||
| Q2 25 | — | $400.5M | ||
| Q1 25 | — | $414.4M | ||
| Q4 24 | — | $374.9M | ||
| Q3 24 | — | $375.4M | ||
| Q2 24 | — | $416.3M |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | — | $-25.7M |
| Free Cash FlowOCF − Capex | — | $-25.7M |
| FCF MarginFCF / Revenue | — | -2872.8% |
| Capex IntensityCapex / Revenue | — | 4.1% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | — | $-90.6M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | — | $-25.7M | ||
| Q3 25 | — | $-27.7M | ||
| Q2 25 | — | $-20.0M | ||
| Q1 25 | — | $-15.8M | ||
| Q4 24 | — | $-30.7M | ||
| Q3 24 | — | $-36.9M | ||
| Q2 24 | — | $-44.5M |
| Q1 26 | — | — | ||
| Q4 25 | — | $-25.7M | ||
| Q3 25 | — | $-27.8M | ||
| Q2 25 | — | $-21.3M | ||
| Q1 25 | — | $-15.8M | ||
| Q4 24 | — | $-32.4M | ||
| Q3 24 | — | $-36.9M | ||
| Q2 24 | — | $-45.0M |
| Q1 26 | — | — | ||
| Q4 25 | — | -2872.8% | ||
| Q3 25 | — | -5103.9% | ||
| Q2 25 | — | -1990.1% | ||
| Q1 25 | — | -2146.5% | ||
| Q4 24 | — | -2432.4% | ||
| Q3 24 | — | -5506.6% | ||
| Q2 24 | — | -8372.9% |
| Q1 26 | — | — | ||
| Q4 25 | — | 4.1% | ||
| Q3 25 | — | 16.9% | ||
| Q2 25 | — | 117.6% | ||
| Q1 25 | — | 0.3% | ||
| Q4 24 | — | 127.3% | ||
| Q3 24 | — | 8.8% | ||
| Q2 24 | — | 93.7% |
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | -1.66× | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
