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

Kyndryl Holdings, Inc. is the larger business by last-quarter revenue ($3.8B vs $2.0B, roughly 1.9× Hudbay Minerals Inc.). Hudbay Minerals Inc. runs the higher net margin — 3.4% vs 0.5%, a 2.9% gap on every dollar of revenue.

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.

Kyndryl Holdings, Inc. is an American multinational information technology infrastructure services provider, headquartered in New York City and created from the spin-off of IBM's infrastructure services business in 2021. The company designs, builds, manages and develops large-scale information systems. The company also has business advisory services. It is currently the world's largest IT infrastructure services provider, and the fifth-largest consulting provider.

HBM vs KD — Head-to-Head

Bigger by revenue
KD
KD
1.9× larger
KD
$3.8B
$2.0B
HBM
Higher net margin
HBM
HBM
2.9% more per $
HBM
3.4%
0.5%
KD

Income Statement — Q4 FY2025 vs Q4 FY2026

Metric
HBM
HBM
KD
KD
Revenue
$2.0B
$3.8B
Net Profit
$67.8M
$17.0M
Gross Margin
27.4%
Operating Margin
3.5%
Net Margin
3.4%
0.5%
Revenue YoY
0.0%
Net Profit YoY
-75.0%
EPS (diluted)
$0.08

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
HBM
HBM
KD
KD
Q1 26
$2.0B
$3.8B
Q4 25
$3.9B
Q3 25
$3.7B
Q2 25
$3.7B
Q1 25
$525.0M
$3.8B
Q4 24
$1.4B
$3.7B
Q3 24
$3.8B
Q2 24
$3.7B
Net Profit
HBM
HBM
KD
KD
Q1 26
$67.8M
$17.0M
Q4 25
$57.0M
Q3 25
$68.0M
Q2 25
$56.0M
Q1 25
$18.5M
$69.0M
Q4 24
$215.0M
Q3 24
$-43.0M
Q2 24
$11.0M
Gross Margin
HBM
HBM
KD
KD
Q1 26
27.4%
Q4 25
21.8%
Q3 25
21.5%
Q2 25
21.3%
Q1 25
29.0%
21.7%
Q4 24
20.4%
Q3 24
19.9%
Q2 24
21.5%
Operating Margin
HBM
HBM
KD
KD
Q1 26
3.5%
Q4 25
2.4%
Q3 25
2.6%
Q2 25
2.5%
Q1 25
3.1%
Q4 24
6.9%
Q3 24
-0.1%
Q2 24
1.7%
Net Margin
HBM
HBM
KD
KD
Q1 26
3.4%
0.5%
Q4 25
1.5%
Q3 25
1.8%
Q2 25
1.5%
Q1 25
3.5%
1.8%
Q4 24
5.7%
Q3 24
-1.1%
Q2 24
0.3%
EPS (diluted)
HBM
HBM
KD
KD
Q1 26
$0.08
Q4 25
$0.25
Q3 25
$0.29
Q2 25
$0.23
Q1 25
$0.30
Q4 24
$0.89
Q3 24
$-0.19
Q2 24
$0.05

Balance Sheet & Financial Strength

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

Metric
HBM
HBM
KD
KD
Cash + ST InvestmentsLiquidity on hand
$2.6B
Total DebtLower is stronger
Stockholders' EquityBook value
Total Assets
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
HBM
HBM
KD
KD
Q1 26
$2.6B
Q4 25
$1.3B
Q3 25
$1.3B
Q2 25
$1.5B
Q1 25
$1.8B
Q4 24
$1.5B
Q3 24
$1.3B
Q2 24
$1.3B
Total Debt
HBM
HBM
KD
KD
Q1 26
Q4 25
$2.3B
Q3 25
$3.0B
Q2 25
$3.0B
Q1 25
$3.0B
Q4 24
$3.1B
Q3 24
$3.1B
Q2 24
$3.1B
Stockholders' Equity
HBM
HBM
KD
KD
Q1 26
Q4 25
$1.2B
Q3 25
$1.2B
Q2 25
$1.2B
Q1 25
$1.2B
Q4 24
$1.1B
Q3 24
$1.1B
Q2 24
$996.0M
Total Assets
HBM
HBM
KD
KD
Q1 26
Q4 25
$11.3B
Q3 25
$11.2B
Q2 25
$11.5B
Q1 25
$10.5B
Q4 24
$9.9B
Q3 24
$10.4B
Q2 24
$10.2B
Debt / Equity
HBM
HBM
KD
KD
Q1 26
Q4 25
1.92×
Q3 25
2.45×
Q2 25
2.44×
Q1 25
2.50×
Q4 24
2.81×
Q3 24
2.92×
Q2 24
3.12×

Cash Flow & Capital Efficiency

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

Metric
HBM
HBM
KD
KD
Operating Cash FlowLast quarter
$948.0M
Free Cash FlowOCF − Capex
$2.0B
FCF MarginFCF / Revenue
53.8%
Capex IntensityCapex / Revenue
16.1%
Cash ConversionOCF / Net Profit
55.76×
TTM Free Cash FlowTrailing 4 quarters
$2.0B

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
HBM
HBM
KD
KD
Q1 26
$948.0M
Q4 25
$428.0M
Q3 25
$146.0M
Q2 25
$-124.0M
Q1 25
$581.0M
Q4 24
$260.0M
Q3 24
$149.0M
Q2 24
$-48.0M
Free Cash Flow
HBM
HBM
KD
KD
Q1 26
$2.0B
Q4 25
$208.0M
Q3 25
$17.0M
Q2 25
$-267.0M
Q1 25
$341.0M
Q4 24
$151.0M
Q3 24
$15.0M
Q2 24
$-170.0M
FCF Margin
HBM
HBM
KD
KD
Q1 26
53.8%
Q4 25
5.4%
Q3 25
0.5%
Q2 25
-7.1%
Q1 25
9.0%
Q4 24
4.0%
Q3 24
0.4%
Q2 24
-4.5%
Capex Intensity
HBM
HBM
KD
KD
Q1 26
16.1%
Q4 25
5.7%
Q3 25
3.5%
Q2 25
3.8%
Q1 25
6.3%
Q4 24
2.9%
Q3 24
3.6%
Q2 24
3.3%
Cash Conversion
HBM
HBM
KD
KD
Q1 26
55.76×
Q4 25
7.51×
Q3 25
2.15×
Q2 25
-2.21×
Q1 25
8.42×
Q4 24
1.21×
Q3 24
Q2 24
-4.36×

Financial Flow Comparison

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

Revenue Breakdown by Segment

HBM
HBM

Segment breakdown not available.

KD
KD

Principal Markets$1.3B34%
United States$1.0B27%
Strategic Markets$916.0M24%
Japan$556.0M15%

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