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Side-by-side financial comparison of Hudbay Minerals Inc. (HBM) and Molson Coors Beverage Company (TAP). Click either name above to swap in a different company.

Molson Coors Beverage Company is the larger business by last-quarter revenue ($2.7B vs $2.0B, roughly 1.3× Hudbay Minerals Inc.). Molson Coors Beverage Company runs the higher net margin — 5.5% vs 3.4%, a 2.2% 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.

Molson Coors Beverage Company is a Canadian-American multinational drink and brewing company headquartered in Chicago, Illinois and Montreal, Quebec.

HBM vs TAP — Head-to-Head

Bigger by revenue
TAP
TAP
1.3× larger
TAP
$2.7B
$2.0B
HBM
Higher net margin
TAP
TAP
2.2% more per $
TAP
5.5%
3.4%
HBM

Income Statement — Q4 FY2025 vs Q1 FY2026

Metric
HBM
HBM
TAP
TAP
Revenue
$2.0B
$2.7B
Net Profit
$67.8M
$150.1M
Gross Margin
27.4%
33.0%
Operating Margin
Net Margin
3.4%
5.5%
Revenue YoY
2.0%
Net Profit YoY
25.0%
EPS (diluted)
$0.80

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
TAP
TAP
Q1 26
$2.0B
$2.7B
Q4 25
$3.1B
Q3 25
$3.5B
Q2 25
$3.7B
Q1 25
$525.0M
$2.7B
Q4 24
$1.4B
$3.2B
Q3 24
$3.6B
Q2 24
$3.8B
Net Profit
HBM
HBM
TAP
TAP
Q1 26
$67.8M
$150.1M
Q4 25
$238.3M
Q3 25
$-2.9B
Q2 25
$428.7M
Q1 25
$18.5M
$121.0M
Q4 24
$287.8M
Q3 24
$199.8M
Q2 24
$427.0M
Gross Margin
HBM
HBM
TAP
TAP
Q1 26
27.4%
33.0%
Q4 25
31.0%
Q3 25
33.7%
Q2 25
34.3%
Q1 25
29.0%
31.6%
Q4 24
32.0%
Q3 24
33.4%
Q2 24
34.6%
Operating Margin
HBM
HBM
TAP
TAP
Q1 26
Q4 25
10.4%
Q3 25
-98.5%
Q2 25
15.6%
Q1 25
6.9%
Q4 24
12.0%
Q3 24
12.5%
Q2 24
15.6%
Net Margin
HBM
HBM
TAP
TAP
Q1 26
3.4%
5.5%
Q4 25
7.6%
Q3 25
-84.0%
Q2 25
11.5%
Q1 25
3.5%
4.5%
Q4 24
8.9%
Q3 24
5.5%
Q2 24
11.1%
EPS (diluted)
HBM
HBM
TAP
TAP
Q1 26
$0.80
Q4 25
$1.32
Q3 25
$-14.79
Q2 25
$2.13
Q1 25
$0.59
Q4 24
$1.39
Q3 24
$0.96
Q2 24
$2.03

Balance Sheet & Financial Strength

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

Metric
HBM
HBM
TAP
TAP
Cash + ST InvestmentsLiquidity on hand
$382.6M
Total DebtLower is stronger
$3.8B
Stockholders' EquityBook value
$10.3B
Total Assets
$22.4B
Debt / EquityLower = less leverage
0.38×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
HBM
HBM
TAP
TAP
Q1 26
$382.6M
Q4 25
$896.5M
Q3 25
$950.2M
Q2 25
$613.8M
Q1 25
$412.7M
Q4 24
$969.3M
Q3 24
$1.0B
Q2 24
$1.6B
Total Debt
HBM
HBM
TAP
TAP
Q1 26
$3.8B
Q4 25
$6.3B
Q3 25
$6.3B
Q2 25
$6.3B
Q1 25
$6.2B
Q4 24
$6.1B
Q3 24
$6.2B
Q2 24
$7.0B
Stockholders' Equity
HBM
HBM
TAP
TAP
Q1 26
$10.3B
Q4 25
$10.2B
Q3 25
$10.3B
Q2 25
$13.4B
Q1 25
$13.1B
Q4 24
$13.1B
Q3 24
$13.3B
Q2 24
$13.2B
Total Assets
HBM
HBM
TAP
TAP
Q1 26
$22.4B
Q4 25
$22.7B
Q3 25
$22.9B
Q2 25
$26.8B
Q1 25
$25.9B
Q4 24
$26.1B
Q3 24
$26.6B
Q2 24
$27.4B
Debt / Equity
HBM
HBM
TAP
TAP
Q1 26
0.38×
Q4 25
0.61×
Q3 25
0.61×
Q2 25
0.47×
Q1 25
0.47×
Q4 24
0.47×
Q3 24
0.47×
Q2 24
0.53×

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
TAP
TAP
Operating Cash FlowLast quarter
Free Cash FlowOCF − Capex
$-212.9M
FCF MarginFCF / Revenue
-7.8%
Capex IntensityCapex / Revenue
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$1.2B

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
HBM
HBM
TAP
TAP
Q1 26
Q4 25
$540.7M
Q3 25
$616.1M
Q2 25
$718.3M
Q1 25
$-90.7M
Q4 24
$494.5M
Q3 24
$521.2M
Q2 24
$869.2M
Free Cash Flow
HBM
HBM
TAP
TAP
Q1 26
$-212.9M
Q4 25
$357.8M
Q3 25
$483.0M
Q2 25
$555.0M
Q1 25
$-328.0M
Q4 24
$383.4M
Q3 24
$350.4M
Q2 24
$691.7M
FCF Margin
HBM
HBM
TAP
TAP
Q1 26
-7.8%
Q4 25
11.4%
Q3 25
13.9%
Q2 25
14.8%
Q1 25
-12.2%
Q4 24
11.8%
Q3 24
9.7%
Q2 24
18.0%
Capex Intensity
HBM
HBM
TAP
TAP
Q1 26
Q4 25
5.9%
Q3 25
3.8%
Q2 25
4.4%
Q1 25
8.8%
Q4 24
3.4%
Q3 24
4.7%
Q2 24
4.6%
Cash Conversion
HBM
HBM
TAP
TAP
Q1 26
Q4 25
2.27×
Q3 25
Q2 25
1.68×
Q1 25
-0.75×
Q4 24
1.72×
Q3 24
2.61×
Q2 24
2.04×

Financial Flow Comparison

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

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