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

Nasdaq, Inc. is the larger business by last-quarter revenue ($2.1B vs $2.0B, roughly 1.1× Hudbay Minerals Inc.). Nasdaq, Inc. runs the higher net margin — 24.3% vs 3.4%, a 20.9% 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.

Nasdaq Stock Market is an American stock exchange, the second-largest by market cap on the list of stock exchanges, and the first fully electronic stock market. The exchange is based in Manhattan, New York City, and is among the most active stock trading venue by volume in the United States.

HBM vs NDAQ — Head-to-Head

Bigger by revenue
NDAQ
NDAQ
1.1× larger
NDAQ
$2.1B
$2.0B
HBM
Higher net margin
NDAQ
NDAQ
20.9% more per $
NDAQ
24.3%
3.4%
HBM

Income Statement — Q4 FY2025 vs Q1 FY2026

Metric
HBM
HBM
NDAQ
NDAQ
Revenue
$2.0B
$2.1B
Net Profit
$67.8M
$519.0M
Gross Margin
27.4%
Operating Margin
30.7%
Net Margin
3.4%
24.3%
Revenue YoY
2.0%
Net Profit YoY
31.4%
EPS (diluted)
$0.91

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
NDAQ
NDAQ
Q1 26
$2.0B
$2.1B
Q4 25
$2.1B
Q3 25
$2.0B
Q2 25
$2.1B
Q1 25
$525.0M
$2.1B
Q4 24
$1.4B
$2.0B
Q3 24
$1.9B
Q2 24
$1.8B
Net Profit
HBM
HBM
NDAQ
NDAQ
Q1 26
$67.8M
$519.0M
Q4 25
$518.0M
Q3 25
$423.0M
Q2 25
$452.0M
Q1 25
$18.5M
$395.0M
Q4 24
$355.0M
Q3 24
$306.0M
Q2 24
$222.0M
Gross Margin
HBM
HBM
NDAQ
NDAQ
Q1 26
27.4%
Q4 25
65.5%
Q3 25
67.2%
Q2 25
62.5%
Q1 25
29.0%
59.2%
Q4 24
60.4%
Q3 24
60.3%
Q2 24
64.7%
Operating Margin
HBM
HBM
NDAQ
NDAQ
Q1 26
30.7%
Q4 25
29.7%
Q3 25
29.9%
Q2 25
27.2%
Q1 25
26.2%
Q4 24
25.4%
Q3 24
23.6%
Q2 24
23.6%
Net Margin
HBM
HBM
NDAQ
NDAQ
Q1 26
3.4%
24.3%
Q4 25
24.4%
Q3 25
21.6%
Q2 25
21.6%
Q1 25
3.5%
18.9%
Q4 24
17.5%
Q3 24
16.1%
Q2 24
12.4%
EPS (diluted)
HBM
HBM
NDAQ
NDAQ
Q1 26
$0.91
Q4 25
$0.90
Q3 25
$0.73
Q2 25
$0.78
Q1 25
$0.68
Q4 24
$0.62
Q3 24
$0.53
Q2 24
$0.38

Balance Sheet & Financial Strength

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

Metric
HBM
HBM
NDAQ
NDAQ
Cash + ST InvestmentsLiquidity on hand
$515.0M
Total DebtLower is stronger
$9.0B
Stockholders' EquityBook value
$12.0B
Total Assets
$27.3B
Debt / EquityLower = less leverage
0.74×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
HBM
HBM
NDAQ
NDAQ
Q1 26
$515.0M
Q4 25
$604.0M
Q3 25
$470.0M
Q2 25
$732.0M
Q1 25
$690.0M
Q4 24
$592.0M
Q3 24
$266.0M
Q2 24
$416.0M
Total Debt
HBM
HBM
NDAQ
NDAQ
Q1 26
$9.0B
Q4 25
$8.6B
Q3 25
$8.7B
Q2 25
$8.7B
Q1 25
$8.9B
Q4 24
$9.1B
Q3 24
$9.4B
Q2 24
$9.2B
Stockholders' Equity
HBM
HBM
NDAQ
NDAQ
Q1 26
$12.0B
Q4 25
$12.2B
Q3 25
$12.0B
Q2 25
$11.8B
Q1 25
$11.5B
Q4 24
$11.2B
Q3 24
$11.1B
Q2 24
$10.9B
Total Assets
HBM
HBM
NDAQ
NDAQ
Q1 26
$27.3B
Q4 25
$31.1B
Q3 25
$30.7B
Q2 25
$30.4B
Q1 25
$30.6B
Q4 24
$30.4B
Q3 24
$30.6B
Q2 24
$30.2B
Debt / Equity
HBM
HBM
NDAQ
NDAQ
Q1 26
0.74×
Q4 25
0.70×
Q3 25
0.72×
Q2 25
0.73×
Q1 25
0.77×
Q4 24
0.81×
Q3 24
0.85×
Q2 24
0.85×

Financial Flow Comparison

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

Revenue Breakdown by Segment

HBM
HBM

Segment breakdown not available.

NDAQ
NDAQ

Market Services$1.0B49%
Capital Access Platforms$565.0M26%
Financial Technology$517.0M24%
Other Revenues$8.0M0%

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