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

PPL Corporation is the larger business by last-quarter revenue ($2.3B vs $2.0B, roughly 1.2× Hudbay Minerals Inc.). PPL Corporation runs the higher net margin — 11.3% vs 3.4%, a 8.0% 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.

PPL Corporation is a leading US-based energy utility holding company headquartered in Allentown, Pennsylvania. It delivers electricity and natural gas to approximately 3.5 million residential, commercial and industrial customers across Pennsylvania, Kentucky and Rhode Island, with core focuses on grid modernization, affordable clean energy transition, and reliable sustainable energy services for local communities.

HBM vs PPL — Head-to-Head

Bigger by revenue
PPL
PPL
1.2× larger
PPL
$2.3B
$2.0B
HBM
Higher net margin
PPL
PPL
8.0% more per $
PPL
11.3%
3.4%
HBM

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
HBM
HBM
PPL
PPL
Revenue
$2.0B
$2.3B
Net Profit
$67.8M
$266.0M
Gross Margin
27.4%
Operating Margin
20.3%
Net Margin
3.4%
11.3%
Revenue YoY
7.2%
Net Profit YoY
50.3%
EPS (diluted)
$0.35

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
PPL
PPL
Q1 26
$2.0B
Q4 25
$2.3B
Q3 25
$2.2B
Q2 25
$2.0B
Q1 25
$525.0M
$2.5B
Q4 24
$1.4B
$2.2B
Q3 24
$2.1B
Q2 24
$1.9B
Net Profit
HBM
HBM
PPL
PPL
Q1 26
$67.8M
Q4 25
$266.0M
Q3 25
$318.0M
Q2 25
$183.0M
Q1 25
$18.5M
$414.0M
Q4 24
$177.0M
Q3 24
$214.0M
Q2 24
$190.0M
Gross Margin
HBM
HBM
PPL
PPL
Q1 26
27.4%
Q4 25
Q3 25
Q2 25
Q1 25
29.0%
Q4 24
Q3 24
Q2 24
Operating Margin
HBM
HBM
PPL
PPL
Q1 26
Q4 25
20.3%
Q3 25
25.4%
Q2 25
19.9%
Q1 25
26.6%
Q4 24
17.2%
Q3 24
20.6%
Q2 24
20.8%
Net Margin
HBM
HBM
PPL
PPL
Q1 26
3.4%
Q4 25
11.3%
Q3 25
14.2%
Q2 25
9.0%
Q1 25
3.5%
16.3%
Q4 24
8.1%
Q3 24
10.3%
Q2 24
10.1%
EPS (diluted)
HBM
HBM
PPL
PPL
Q1 26
Q4 25
$0.35
Q3 25
$0.43
Q2 25
$0.25
Q1 25
$0.56
Q4 24
$0.23
Q3 24
$0.29
Q2 24
$0.26

Balance Sheet & Financial Strength

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

Metric
HBM
HBM
PPL
PPL
Cash + ST InvestmentsLiquidity on hand
$1.1B
Total DebtLower is stronger
$18.9B
Stockholders' EquityBook value
$14.9B
Total Assets
$45.2B
Debt / EquityLower = less leverage
1.27×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
HBM
HBM
PPL
PPL
Q1 26
Q4 25
$1.1B
Q3 25
$1.1B
Q2 25
$294.0M
Q1 25
$312.0M
Q4 24
$306.0M
Q3 24
$542.0M
Q2 24
$282.0M
Total Debt
HBM
HBM
PPL
PPL
Q1 26
Q4 25
$18.9B
Q3 25
Q2 25
Q1 25
Q4 24
$16.5B
Q3 24
Q2 24
Stockholders' Equity
HBM
HBM
PPL
PPL
Q1 26
Q4 25
$14.9B
Q3 25
$14.4B
Q2 25
$14.3B
Q1 25
$14.3B
Q4 24
$14.1B
Q3 24
$14.1B
Q2 24
$14.1B
Total Assets
HBM
HBM
PPL
PPL
Q1 26
Q4 25
$45.2B
Q3 25
$43.9B
Q2 25
$42.4B
Q1 25
$41.8B
Q4 24
$41.1B
Q3 24
$40.5B
Q2 24
$39.8B
Debt / Equity
HBM
HBM
PPL
PPL
Q1 26
Q4 25
1.27×
Q3 25
Q2 25
Q1 25
Q4 24
1.17×
Q3 24
Q2 24

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
PPL
PPL
Operating Cash FlowLast quarter
$548.0M
Free Cash FlowOCF − Capex
$-614.0M
FCF MarginFCF / Revenue
-26.1%
Capex IntensityCapex / Revenue
49.5%
Cash ConversionOCF / Net Profit
2.06×
TTM Free Cash FlowTrailing 4 quarters
$-1.4B

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
HBM
HBM
PPL
PPL
Q1 26
Q4 25
$548.0M
Q3 25
$966.0M
Q2 25
$602.0M
Q1 25
$513.0M
Q4 24
$511.0M
Q3 24
$781.0M
Q2 24
$766.0M
Free Cash Flow
HBM
HBM
PPL
PPL
Q1 26
Q4 25
$-614.0M
Q3 25
$-179.0M
Q2 25
$-328.0M
Q1 25
$-280.0M
Q4 24
$-349.0M
Q3 24
$102.0M
Q2 24
$96.0M
FCF Margin
HBM
HBM
PPL
PPL
Q1 26
Q4 25
-26.1%
Q3 25
-8.0%
Q2 25
-16.1%
Q1 25
-11.0%
Q4 24
-15.9%
Q3 24
4.9%
Q2 24
5.1%
Capex Intensity
HBM
HBM
PPL
PPL
Q1 26
Q4 25
49.5%
Q3 25
51.2%
Q2 25
45.6%
Q1 25
31.2%
Q4 24
39.3%
Q3 24
32.7%
Q2 24
35.8%
Cash Conversion
HBM
HBM
PPL
PPL
Q1 26
Q4 25
2.06×
Q3 25
3.04×
Q2 25
3.29×
Q1 25
1.24×
Q4 24
2.89×
Q3 24
3.65×
Q2 24
4.03×

Financial Flow Comparison

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

Revenue Breakdown by Segment

HBM
HBM

Segment breakdown not available.

PPL
PPL

Rhode Island Regulated$539.0M23%
Other$532.0M23%
Residential$451.0M19%
Nonrelated Party$425.0M18%
Transmission$228.0M10%
Commercial$117.0M5%
Wholesale Other$23.0M1%
Industrial$14.0M1%
Related Party$13.0M1%
Wholesale Municipal$6.0M0%

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