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

Hudbay Minerals Inc. is the larger business by last-quarter revenue ($2.0B vs $1.4B, roughly 1.4× Veralto). Veralto runs the higher net margin — 17.9% vs 3.4%, a 14.5% 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.

Veralto Corporation is an American technology company headquartered in Waltham, Massachusetts. It produces products related to water analytics, water treatment, marking and coding, and packaging and color.

HBM vs VLTO — Head-to-Head

Bigger by revenue
HBM
HBM
1.4× larger
HBM
$2.0B
$1.4B
VLTO
Higher net margin
VLTO
VLTO
14.5% more per $
VLTO
17.9%
3.4%
HBM

Income Statement — Q4 FY2025 vs Q1 FY2026

Metric
HBM
HBM
VLTO
VLTO
Revenue
$2.0B
$1.4B
Net Profit
$67.8M
$254.0M
Gross Margin
27.4%
60.1%
Operating Margin
23.8%
Net Margin
3.4%
17.9%
Revenue YoY
6.8%
Net Profit YoY
12.9%
EPS (diluted)
$1.02

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
VLTO
VLTO
Q1 26
$2.0B
$1.4B
Q4 25
$1.4B
Q3 25
$1.4B
Q2 25
$1.3B
Q1 25
$525.0M
Q4 24
$1.4B
$1.3B
Q3 24
$1.3B
Q2 24
$1.3B
Net Profit
HBM
HBM
VLTO
VLTO
Q1 26
$67.8M
$254.0M
Q4 25
$239.0M
Q3 25
$222.0M
Q2 25
$225.0M
Q1 25
$18.5M
Q4 24
$227.0M
Q3 24
$219.0M
Q2 24
$203.0M
Gross Margin
HBM
HBM
VLTO
VLTO
Q1 26
27.4%
60.1%
Q4 25
60.1%
Q3 25
60.0%
Q2 25
60.4%
Q1 25
29.0%
Q4 24
59.6%
Q3 24
59.6%
Q2 24
60.1%
Operating Margin
HBM
HBM
VLTO
VLTO
Q1 26
23.8%
Q4 25
23.2%
Q3 25
22.8%
Q2 25
24.2%
Q1 25
Q4 24
22.9%
Q3 24
23.4%
Q2 24
23.2%
Net Margin
HBM
HBM
VLTO
VLTO
Q1 26
3.4%
17.9%
Q4 25
17.0%
Q3 25
16.2%
Q2 25
16.9%
Q1 25
3.5%
Q4 24
16.9%
Q3 24
16.7%
Q2 24
15.8%
EPS (diluted)
HBM
HBM
VLTO
VLTO
Q1 26
$1.02
Q4 25
$0.95
Q3 25
$0.89
Q2 25
$0.90
Q1 25
Q4 24
$0.91
Q3 24
$0.88
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
VLTO
VLTO
Operating Cash FlowLast quarter
$182.0M
Free Cash FlowOCF − Capex
$170.0M
FCF MarginFCF / Revenue
12.0%
Capex IntensityCapex / Revenue
0.8%
Cash ConversionOCF / Net Profit
0.72×
TTM Free Cash FlowTrailing 4 quarters
$893.0M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
HBM
HBM
VLTO
VLTO
Q1 26
$182.0M
Q4 25
$270.0M
Q3 25
$339.0M
Q2 25
$157.0M
Q1 25
Q4 24
$285.0M
Q3 24
$224.0M
Q2 24
$251.0M
Free Cash Flow
HBM
HBM
VLTO
VLTO
Q1 26
$170.0M
Q4 25
$258.0M
Q3 25
$323.0M
Q2 25
$142.0M
Q1 25
Q4 24
$263.0M
Q3 24
$215.0M
Q2 24
$240.0M
FCF Margin
HBM
HBM
VLTO
VLTO
Q1 26
12.0%
Q4 25
18.4%
Q3 25
23.6%
Q2 25
10.7%
Q1 25
Q4 24
19.6%
Q3 24
16.4%
Q2 24
18.6%
Capex Intensity
HBM
HBM
VLTO
VLTO
Q1 26
0.8%
Q4 25
0.9%
Q3 25
1.2%
Q2 25
1.1%
Q1 25
Q4 24
1.6%
Q3 24
0.7%
Q2 24
0.9%
Cash Conversion
HBM
HBM
VLTO
VLTO
Q1 26
0.72×
Q4 25
1.13×
Q3 25
1.53×
Q2 25
0.70×
Q1 25
Q4 24
1.26×
Q3 24
1.02×
Q2 24
1.24×

Financial Flow Comparison

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

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