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

Raymond James Financial is the larger business by last-quarter revenue ($3.9B vs $2.0B, roughly 1.9× Hudbay Minerals Inc.). Raymond James Financial runs the higher net margin — 14.1% vs 3.4%, a 10.7% 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.

Raymond James Financial, Inc. is an American multinational independent investment bank and financial services company providing financial services to individuals, corporations, and municipalities through its subsidiary companies that engage primarily in investment and financial planning, in addition to investment banking and asset management. The company is headquartered in St. Petersburg, Florida.

HBM vs RJF — Head-to-Head

Bigger by revenue
RJF
RJF
1.9× larger
RJF
$3.9B
$2.0B
HBM
Higher net margin
RJF
RJF
10.7% more per $
RJF
14.1%
3.4%
HBM

Income Statement — Q4 FY2025 vs Q2 FY2026

Metric
HBM
HBM
RJF
RJF
Revenue
$2.0B
$3.9B
Net Profit
$67.8M
$544.0M
Gross Margin
27.4%
Operating Margin
Net Margin
3.4%
14.1%
Revenue YoY
13.0%
Net Profit YoY
10.0%
EPS (diluted)
$2.83

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
RJF
RJF
Q1 26
$2.0B
$3.9B
Q4 25
$4.2B
Q3 25
$4.2B
Q2 25
$3.8B
Q1 25
$525.0M
$3.8B
Q4 24
$1.4B
$4.0B
Q3 24
$4.0B
Q2 24
$3.8B
Net Profit
HBM
HBM
RJF
RJF
Q1 26
$67.8M
$544.0M
Q4 25
$563.0M
Q3 25
$604.0M
Q2 25
$436.0M
Q1 25
$18.5M
$495.0M
Q4 24
$600.0M
Q3 24
$602.0M
Q2 24
$492.0M
Gross Margin
HBM
HBM
RJF
RJF
Q1 26
27.4%
Q4 25
Q3 25
Q2 25
Q1 25
29.0%
Q4 24
Q3 24
Q2 24
Operating Margin
HBM
HBM
RJF
RJF
Q1 26
Q4 25
Q3 25
Q2 25
14.7%
Q1 25
17.5%
Q4 24
18.6%
Q3 24
Q2 24
17.1%
Net Margin
HBM
HBM
RJF
RJF
Q1 26
3.4%
14.1%
Q4 25
13.5%
Q3 25
14.4%
Q2 25
11.3%
Q1 25
3.5%
12.9%
Q4 24
14.9%
Q3 24
15.0%
Q2 24
13.1%
EPS (diluted)
HBM
HBM
RJF
RJF
Q1 26
$2.83
Q4 25
$2.79
Q3 25
$2.96
Q2 25
$2.12
Q1 25
$2.36
Q4 24
$2.86
Q3 24
$2.85
Q2 24
$2.31

Balance Sheet & Financial Strength

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

Metric
HBM
HBM
RJF
RJF
Cash + ST InvestmentsLiquidity on hand
$5.4B
Total DebtLower is stronger
Stockholders' EquityBook value
$52.0M
Total Assets
$91.9B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
HBM
HBM
RJF
RJF
Q1 26
$5.4B
Q4 25
$9.9B
Q3 25
$11.4B
Q2 25
$9.2B
Q1 25
$9.7B
Q4 24
$10.0B
Q3 24
$11.0B
Q2 24
$9.1B
Stockholders' Equity
HBM
HBM
RJF
RJF
Q1 26
$52.0M
Q4 25
$12.6B
Q3 25
$12.5B
Q2 25
$12.3B
Q1 25
$12.2B
Q4 24
$11.9B
Q3 24
$11.7B
Q2 24
$11.2B
Total Assets
HBM
HBM
RJF
RJF
Q1 26
$91.9B
Q4 25
$88.8B
Q3 25
$88.2B
Q2 25
$84.8B
Q1 25
$83.1B
Q4 24
$82.3B
Q3 24
$83.0B
Q2 24
$80.6B

Financial Flow Comparison

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

Revenue Breakdown by Segment

HBM
HBM

Segment breakdown not available.

RJF
RJF

Private Client Group$2.8B73%
Bank$486.0M13%
Capital Markets$464.0M12%
Other$99.0M3%

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