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

Hudbay Minerals Inc. is the larger business by last-quarter revenue ($2.0B vs $1.2B, roughly 1.7× Sunrun Inc.). Sunrun Inc. runs the higher net margin — 8.9% vs 3.4%, a 5.6% 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.

Sunrun Inc. is an American provider of photovoltaic systems and battery energy storage products, primarily for residential customers. The company was established in 2007 and is headquartered in San Francisco, California.

HBM vs RUN — Head-to-Head

Bigger by revenue
HBM
HBM
1.7× larger
HBM
$2.0B
$1.2B
RUN
Higher net margin
RUN
RUN
5.6% more per $
RUN
8.9%
3.4%
HBM

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
HBM
HBM
RUN
RUN
Revenue
$2.0B
$1.2B
Net Profit
$67.8M
$103.6M
Gross Margin
27.4%
Operating Margin
8.4%
Net Margin
3.4%
8.9%
Revenue YoY
123.5%
Net Profit YoY
103.7%
EPS (diluted)
$0.38

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
RUN
RUN
Q1 26
$2.0B
Q4 25
$1.2B
Q3 25
$724.6M
Q2 25
$569.3M
Q1 25
$525.0M
$504.3M
Q4 24
$1.4B
$518.5M
Q3 24
$537.2M
Q2 24
$523.9M
Net Profit
HBM
HBM
RUN
RUN
Q1 26
$67.8M
Q4 25
$103.6M
Q3 25
$16.6M
Q2 25
$279.8M
Q1 25
$18.5M
$50.0M
Q4 24
$-2.8B
Q3 24
$-83.8M
Q2 24
$139.1M
Gross Margin
HBM
HBM
RUN
RUN
Q1 26
27.4%
Q4 25
Q3 25
Q2 25
Q1 25
29.0%
Q4 24
Q3 24
Q2 24
Operating Margin
HBM
HBM
RUN
RUN
Q1 26
Q4 25
8.4%
Q3 25
0.5%
Q2 25
-19.7%
Q1 25
-22.8%
Q4 24
-628.0%
Q3 24
-23.8%
Q2 24
-24.4%
Net Margin
HBM
HBM
RUN
RUN
Q1 26
3.4%
Q4 25
8.9%
Q3 25
2.3%
Q2 25
49.1%
Q1 25
3.5%
9.9%
Q4 24
-542.7%
Q3 24
-15.6%
Q2 24
26.5%
EPS (diluted)
HBM
HBM
RUN
RUN
Q1 26
Q4 25
$0.38
Q3 25
$0.06
Q2 25
$1.07
Q1 25
$0.20
Q4 24
$-12.59
Q3 24
$-0.37
Q2 24
$0.55

Balance Sheet & Financial Strength

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

Metric
HBM
HBM
RUN
RUN
Cash + ST InvestmentsLiquidity on hand
Total DebtLower is stronger
$14.7B
Stockholders' EquityBook value
$3.1B
Total Assets
$22.6B
Debt / EquityLower = less leverage
4.69×

8-quarter trend — quarters aligned by calendar period.

Total Debt
HBM
HBM
RUN
RUN
Q1 26
Q4 25
$14.7B
Q3 25
$14.6B
Q2 25
$14.0B
Q1 25
$13.6B
Q4 24
$12.9B
Q3 24
$12.5B
Q2 24
$12.0B
Stockholders' Equity
HBM
HBM
RUN
RUN
Q1 26
Q4 25
$3.1B
Q3 25
$3.0B
Q2 25
$2.9B
Q1 25
$2.6B
Q4 24
$2.6B
Q3 24
$5.3B
Q2 24
$5.4B
Total Assets
HBM
HBM
RUN
RUN
Q1 26
Q4 25
$22.6B
Q3 25
$22.2B
Q2 25
$21.2B
Q1 25
$20.4B
Q4 24
$19.9B
Q3 24
$22.1B
Q2 24
$21.4B
Debt / Equity
HBM
HBM
RUN
RUN
Q1 26
Q4 25
4.69×
Q3 25
4.90×
Q2 25
4.80×
Q1 25
5.19×
Q4 24
5.05×
Q3 24
2.36×
Q2 24
2.23×

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
RUN
RUN
Operating Cash FlowLast quarter
$96.9M
Free Cash FlowOCF − Capex
FCF MarginFCF / Revenue
Capex IntensityCapex / Revenue
Cash ConversionOCF / Net Profit
0.94×
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
HBM
HBM
RUN
RUN
Q1 26
Q4 25
$96.9M
Q3 25
$-121.5M
Q2 25
$-292.7M
Q1 25
$-104.2M
Q4 24
$-258.4M
Q3 24
$-156.2M
Q2 24
$-208.5M
Free Cash Flow
HBM
HBM
RUN
RUN
Q1 26
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
$-156.4M
Q2 24
FCF Margin
HBM
HBM
RUN
RUN
Q1 26
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
-29.1%
Q2 24
Capex Intensity
HBM
HBM
RUN
RUN
Q1 26
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
0.0%
Q2 24
Cash Conversion
HBM
HBM
RUN
RUN
Q1 26
Q4 25
0.94×
Q3 25
-7.33×
Q2 25
-1.05×
Q1 25
-2.08×
Q4 24
Q3 24
Q2 24
-1.50×

Financial Flow Comparison

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

Revenue Breakdown by Segment

HBM
HBM

Segment breakdown not available.

RUN
RUN

Products$692.3M60%
Customer Agreements$435.2M38%
Manufactured Product Other$56.7M5%
Incentives$31.3M3%

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