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

Hudbay Minerals Inc. is the larger business by last-quarter revenue ($2.0B vs $1.9B, roughly 1.1× McCormick & Company). McCormick & Company runs the higher net margin — 12.2% vs 3.4%, a 8.9% 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.

McCormick & Company, Incorporated is an American food company that manufactures, markets, and distributes spices, seasoning mixes, condiments, and other flavoring products to retail outlets, food manufacturers, and food service businesses.

HBM vs MKC — Head-to-Head

Bigger by revenue
HBM
HBM
1.1× larger
HBM
$2.0B
$1.9B
MKC
Higher net margin
MKC
MKC
8.9% more per $
MKC
12.2%
3.4%
HBM

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
HBM
HBM
MKC
MKC
Revenue
$2.0B
$1.9B
Net Profit
$67.8M
$226.6M
Gross Margin
27.4%
38.9%
Operating Margin
16.8%
Net Margin
3.4%
12.2%
Revenue YoY
2.9%
Net Profit YoY
5.3%
EPS (diluted)
$0.84

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
MKC
MKC
Q1 26
$2.0B
Q4 25
$1.9B
Q3 25
$1.7B
Q2 25
$1.7B
Q1 25
$525.0M
$1.6B
Q4 24
$1.4B
$1.8B
Q3 24
$1.7B
Q2 24
$1.6B
Net Profit
HBM
HBM
MKC
MKC
Q1 26
$67.8M
Q4 25
$226.6M
Q3 25
$225.5M
Q2 25
$175.0M
Q1 25
$18.5M
$162.3M
Q4 24
$215.2M
Q3 24
$223.1M
Q2 24
$184.2M
Gross Margin
HBM
HBM
MKC
MKC
Q1 26
27.4%
Q4 25
38.9%
Q3 25
37.4%
Q2 25
37.5%
Q1 25
29.0%
37.6%
Q4 24
40.2%
Q3 24
38.7%
Q2 24
37.7%
Operating Margin
HBM
HBM
MKC
MKC
Q1 26
Q4 25
16.8%
Q3 25
16.7%
Q2 25
14.8%
Q1 25
14.0%
Q4 24
17.0%
Q3 24
17.1%
Q2 24
14.2%
Net Margin
HBM
HBM
MKC
MKC
Q1 26
3.4%
Q4 25
12.2%
Q3 25
13.1%
Q2 25
10.5%
Q1 25
3.5%
10.1%
Q4 24
12.0%
Q3 24
13.3%
Q2 24
11.2%
EPS (diluted)
HBM
HBM
MKC
MKC
Q1 26
Q4 25
$0.84
Q3 25
$0.84
Q2 25
$0.65
Q1 25
$0.60
Q4 24
$0.79
Q3 24
$0.83
Q2 24
$0.68

Balance Sheet & Financial Strength

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

Metric
HBM
HBM
MKC
MKC
Cash + ST InvestmentsLiquidity on hand
$95.9M
Total DebtLower is stronger
$3.6B
Stockholders' EquityBook value
$5.7B
Total Assets
$13.2B
Debt / EquityLower = less leverage
0.63×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
HBM
HBM
MKC
MKC
Q1 26
Q4 25
$95.9M
Q3 25
$94.9M
Q2 25
$124.1M
Q1 25
$102.8M
Q4 24
$186.1M
Q3 24
$200.8M
Q2 24
$166.3M
Total Debt
HBM
HBM
MKC
MKC
Q1 26
Q4 25
$3.6B
Q3 25
$3.9B
Q2 25
$3.9B
Q1 25
$3.9B
Q4 24
$3.9B
Q3 24
$3.4B
Q2 24
$4.1B
Stockholders' Equity
HBM
HBM
MKC
MKC
Q1 26
Q4 25
$5.7B
Q3 25
$5.8B
Q2 25
$5.6B
Q1 25
$5.4B
Q4 24
$5.3B
Q3 24
$5.4B
Q2 24
$5.3B
Total Assets
HBM
HBM
MKC
MKC
Q1 26
Q4 25
$13.2B
Q3 25
$13.2B
Q2 25
$13.2B
Q1 25
$12.9B
Q4 24
$13.1B
Q3 24
$13.2B
Q2 24
$13.0B
Debt / Equity
HBM
HBM
MKC
MKC
Q1 26
Q4 25
0.63×
Q3 25
0.67×
Q2 25
0.69×
Q1 25
0.71×
Q4 24
0.73×
Q3 24
0.63×
Q2 24
0.77×

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
MKC
MKC
Operating Cash FlowLast quarter
$542.0M
Free Cash FlowOCF − Capex
FCF MarginFCF / Revenue
Capex IntensityCapex / Revenue
Cash ConversionOCF / Net Profit
2.39×
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
HBM
HBM
MKC
MKC
Q1 26
Q4 25
$542.0M
Q3 25
$258.8M
Q2 25
$45.9M
Q1 25
$115.5M
Q4 24
$458.7M
Q3 24
$161.7M
Q2 24
$163.1M
Free Cash Flow
HBM
HBM
MKC
MKC
Q1 26
Q4 25
Q3 25
$206.1M
Q2 25
$-2.4M
Q1 25
$78.4M
Q4 24
Q3 24
$102.7M
Q2 24
$94.8M
FCF Margin
HBM
HBM
MKC
MKC
Q1 26
Q4 25
Q3 25
11.9%
Q2 25
-0.1%
Q1 25
4.9%
Q4 24
Q3 24
6.1%
Q2 24
5.8%
Capex Intensity
HBM
HBM
MKC
MKC
Q1 26
Q4 25
Q3 25
3.1%
Q2 25
2.9%
Q1 25
2.3%
Q4 24
Q3 24
3.5%
Q2 24
4.2%
Cash Conversion
HBM
HBM
MKC
MKC
Q1 26
Q4 25
2.39×
Q3 25
1.15×
Q2 25
0.26×
Q1 25
0.71×
Q4 24
2.13×
Q3 24
0.72×
Q2 24
0.89×

Financial Flow Comparison

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

Revenue Breakdown by Segment

HBM
HBM

Segment breakdown not available.

MKC
MKC

Consumer$1.1B61%
Flavor Solutions$723.1M39%

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