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

Hudbay Minerals Inc. is the larger business by last-quarter revenue ($2.0B vs $1.3B, roughly 1.6× Rivian Automotive, Inc.). Hudbay Minerals Inc. runs the higher net margin — 3.4% vs -63.1%, a 66.4% 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.

Rivian Automotive, Inc., is an American electric vehicle manufacturer and automotive technology company founded in 2009. It produces an electric sport utility vehicle (SUV), a pickup truck on a "skateboard" platform that can support future vehicles or be adopted by other companies, and an electric delivery van, the Rivian EDV. It started deliveries of its R1T pickup truck in late 2021. The company planned to build an exclusive charging network in the United States and Canada by the end of 2023.

HBM vs RIVN — Head-to-Head

Bigger by revenue
HBM
HBM
1.6× larger
HBM
$2.0B
$1.3B
RIVN
Higher net margin
HBM
HBM
66.4% more per $
HBM
3.4%
-63.1%
RIVN

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
HBM
HBM
RIVN
RIVN
Revenue
$2.0B
$1.3B
Net Profit
$67.8M
$-811.0M
Gross Margin
27.4%
9.3%
Operating Margin
-64.8%
Net Margin
3.4%
-63.1%
Revenue YoY
-25.8%
Net Profit YoY
-9.0%
EPS (diluted)
$-0.66

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
RIVN
RIVN
Q1 26
$2.0B
Q4 25
$1.3B
Q3 25
$1.6B
Q2 25
$1.3B
Q1 25
$525.0M
$1.2B
Q4 24
$1.4B
$1.7B
Q3 24
$874.0M
Q2 24
$1.2B
Net Profit
HBM
HBM
RIVN
RIVN
Q1 26
$67.8M
Q4 25
$-811.0M
Q3 25
$-1.2B
Q2 25
$-1.1B
Q1 25
$18.5M
$-545.0M
Q4 24
$-744.0M
Q3 24
$-1.1B
Q2 24
$-1.5B
Gross Margin
HBM
HBM
RIVN
RIVN
Q1 26
27.4%
Q4 25
9.3%
Q3 25
1.5%
Q2 25
-15.8%
Q1 25
29.0%
16.6%
Q4 24
9.8%
Q3 24
-44.9%
Q2 24
-38.9%
Operating Margin
HBM
HBM
RIVN
RIVN
Q1 26
Q4 25
-64.8%
Q3 25
-63.1%
Q2 25
-85.5%
Q1 25
-52.8%
Q4 24
-38.1%
Q3 24
-133.8%
Q2 24
-118.7%
Net Margin
HBM
HBM
RIVN
RIVN
Q1 26
3.4%
Q4 25
-63.1%
Q3 25
-75.3%
Q2 25
-85.7%
Q1 25
3.5%
-44.0%
Q4 24
-42.9%
Q3 24
-125.9%
Q2 24
-125.8%
EPS (diluted)
HBM
HBM
RIVN
RIVN
Q1 26
Q4 25
$-0.66
Q3 25
$-0.96
Q2 25
$-0.97
Q1 25
$-0.48
Q4 24
$-0.67
Q3 24
$-1.08
Q2 24
$-1.46

Balance Sheet & Financial Strength

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

Metric
HBM
HBM
RIVN
RIVN
Cash + ST InvestmentsLiquidity on hand
$6.1B
Total DebtLower is stronger
Stockholders' EquityBook value
$4.6B
Total Assets
$14.9B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
HBM
HBM
RIVN
RIVN
Q1 26
Q4 25
$6.1B
Q3 25
$7.1B
Q2 25
$7.5B
Q1 25
$7.2B
Q4 24
$7.7B
Q3 24
$6.7B
Q2 24
$7.9B
Total Debt
HBM
HBM
RIVN
RIVN
Q1 26
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
$5.5B
Stockholders' Equity
HBM
HBM
RIVN
RIVN
Q1 26
Q4 25
$4.6B
Q3 25
$5.1B
Q2 25
$6.1B
Q1 25
$6.2B
Q4 24
$6.6B
Q3 24
$5.9B
Q2 24
$6.8B
Total Assets
HBM
HBM
RIVN
RIVN
Q1 26
Q4 25
$14.9B
Q3 25
$15.2B
Q2 25
$15.6B
Q1 25
$15.5B
Q4 24
$15.4B
Q3 24
$14.3B
Q2 24
$15.4B
Debt / Equity
HBM
HBM
RIVN
RIVN
Q1 26
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
0.81×

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
RIVN
RIVN
Operating Cash FlowLast quarter
$-681.0M
Free Cash FlowOCF − Capex
$-1.1B
FCF MarginFCF / Revenue
-89.0%
Capex IntensityCapex / Revenue
36.0%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$-2.5B

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
HBM
HBM
RIVN
RIVN
Q1 26
Q4 25
$-681.0M
Q3 25
$26.0M
Q2 25
$64.0M
Q1 25
$-188.0M
Q4 24
$1.2B
Q3 24
$-876.0M
Q2 24
$-754.0M
Free Cash Flow
HBM
HBM
RIVN
RIVN
Q1 26
Q4 25
$-1.1B
Q3 25
$-421.0M
Q2 25
$-398.0M
Q1 25
$-526.0M
Q4 24
$856.0M
Q3 24
$-1.2B
Q2 24
$-1.0B
FCF Margin
HBM
HBM
RIVN
RIVN
Q1 26
Q4 25
-89.0%
Q3 25
-27.0%
Q2 25
-30.5%
Q1 25
-42.4%
Q4 24
49.4%
Q3 24
-131.9%
Q2 24
-89.6%
Capex Intensity
HBM
HBM
RIVN
RIVN
Q1 26
Q4 25
36.0%
Q3 25
28.7%
Q2 25
35.5%
Q1 25
27.3%
Q4 24
18.9%
Q3 24
31.7%
Q2 24
24.4%

Financial Flow Comparison

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

Revenue Breakdown by Segment

HBM
HBM

Segment breakdown not available.

RIVN
RIVN

Automotive Segment$839.0M65%
Software And Services Segment$447.0M35%
Regulatory Credits$30.0M2%

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