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Side-by-side financial comparison of Hudbay Minerals Inc. (HBM) and Vale S.A. (VALE). Click either name above to swap in a different company.
Vale S.A. is the larger business by last-quarter revenue ($8.8B vs $2.0B, roughly 4.4× Hudbay Minerals Inc.). Vale S.A. runs the higher net margin — 24.3% vs 3.4%, a 20.9% 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.
Vale, formerly Companhia Vale do Rio Doce, is a Brazilian multinational corporation engaged in metals and mining and one of the largest logistics operators in Brazil. Vale is the largest producer of iron ore and nickel in the world. It also produces manganese, ferroalloys, copper, bauxite, potash, kaolin, and cobalt; as of 2014 the company operated nine hydroelectricity plants, and a large network of railroads, ships, and ports used to transport its products.
HBM vs VALE — Head-to-Head
Income Statement — Q1 2026 vs Q2 2025
| Metric | | |
|---|---|---|
| Revenue | $2.0B | $8.8B |
| Net Profit | $67.8M | $2.1B |
| Gross Margin | 27.4% | 30.9% |
| Operating Margin | — | 22.8% |
| Net Margin | 3.4% | 24.3% |
| Revenue YoY | — | -11.3% |
| Net Profit YoY | — | -22.9% |
| EPS (diluted) | — | $0.50 |
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.
| Q1 26 | $2.0B | — | ||
| Q4 25 | $1.5B | — | ||
| Q2 25 | $110.9K | $8.8B | ||
| Q1 25 | $525.0M | — | ||
| Q4 24 | $1.4B | — | ||
| Q3 24 | $5.3K | — | ||
| Q2 24 | $113.3K | $9.9B | ||
| Q1 24 | $295.2M | — |
| Q1 26 | $67.8M | — | ||
| Q4 25 | — | — | ||
| Q2 25 | — | $2.1B | ||
| Q1 25 | $18.5M | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | $2.8B | ||
| Q1 24 | — | — |
| Q1 26 | 27.4% | — | ||
| Q4 25 | — | — | ||
| Q2 25 | — | 30.9% | ||
| Q1 25 | 29.0% | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | 36.0% | ||
| Q1 24 | 22.5% | — |
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q2 25 | — | 22.8% | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | 39.1% | ||
| Q1 24 | — | — |
| Q1 26 | 3.4% | — | ||
| Q4 25 | — | — | ||
| Q2 25 | — | 24.3% | ||
| Q1 25 | 3.5% | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | 27.9% | ||
| Q1 24 | — | — |
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q2 25 | — | $0.50 | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | $0.65 | ||
| Q1 24 | — | — |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | — | $5.5B |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | — | $40.5B |
| Total Assets | — | $90.4B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q2 25 | — | $5.5B | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | $6.5B | ||
| Q1 24 | — | — |
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q2 25 | — | $40.5B | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | $38.4B | ||
| Q1 24 | — | — |
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q2 25 | — | $90.4B | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | $86.6B | ||
| Q1 24 | — | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
