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

Williams Companies is the larger business by last-quarter revenue ($3.8B vs $2.0B, roughly 1.9× Hudbay Minerals Inc.). Williams Companies runs the higher net margin — 19.1% vs 3.4%, a 15.7% 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.

The Williams Companies, Inc. is an American energy company based in Tulsa, Oklahoma. Its core business is natural gas processing and transportation, with additional petroleum and electricity generation assets. A Fortune 500 company, its common stock is a component of the S&P 500.

HBM vs WMB — Head-to-Head

Bigger by revenue
WMB
WMB
1.9× larger
WMB
$3.8B
$2.0B
HBM
Higher net margin
WMB
WMB
15.7% more per $
WMB
19.1%
3.4%
HBM

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
HBM
HBM
WMB
WMB
Revenue
$2.0B
$3.8B
Net Profit
$67.8M
$734.0M
Gross Margin
27.4%
Operating Margin
27.3%
Net Margin
3.4%
19.1%
Revenue YoY
12.7%
Net Profit YoY
51.0%
EPS (diluted)
$0.60

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
WMB
WMB
Q1 26
$2.0B
Q4 25
$3.8B
Q3 25
$3.5B
Q2 25
$3.4B
Q1 25
$525.0M
$4.2B
Q4 24
$1.4B
$3.4B
Q3 24
$3.0B
Q2 24
$2.8B
Net Profit
HBM
HBM
WMB
WMB
Q1 26
$67.8M
Q4 25
$734.0M
Q3 25
$647.0M
Q2 25
$546.0M
Q1 25
$18.5M
$691.0M
Q4 24
$486.0M
Q3 24
$706.0M
Q2 24
$401.0M
Gross Margin
HBM
HBM
WMB
WMB
Q1 26
27.4%
Q4 25
Q3 25
Q2 25
Q1 25
29.0%
Q4 24
Q3 24
Q2 24
Operating Margin
HBM
HBM
WMB
WMB
Q1 26
Q4 25
27.3%
Q3 25
31.8%
Q2 25
28.0%
Q1 25
26.1%
Q4 24
23.2%
Q3 24
27.6%
Q2 24
24.4%
Net Margin
HBM
HBM
WMB
WMB
Q1 26
3.4%
Q4 25
19.1%
Q3 25
18.5%
Q2 25
16.2%
Q1 25
3.5%
16.5%
Q4 24
14.2%
Q3 24
23.3%
Q2 24
14.1%
EPS (diluted)
HBM
HBM
WMB
WMB
Q1 26
Q4 25
$0.60
Q3 25
$0.53
Q2 25
$0.45
Q1 25
$0.56
Q4 24
$0.39
Q3 24
$0.58
Q2 24
$0.33

Balance Sheet & Financial Strength

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

Metric
HBM
HBM
WMB
WMB
Cash + ST InvestmentsLiquidity on hand
Total DebtLower is stronger
$27.3B
Stockholders' EquityBook value
$12.8B
Total Assets
$58.6B
Debt / EquityLower = less leverage
2.13×

8-quarter trend — quarters aligned by calendar period.

Total Debt
HBM
HBM
WMB
WMB
Q1 26
Q4 25
$27.3B
Q3 25
$25.6B
Q2 25
$25.6B
Q1 25
$24.1B
Q4 24
$24.7B
Q3 24
$24.8B
Q2 24
$24.1B
Stockholders' Equity
HBM
HBM
WMB
WMB
Q1 26
Q4 25
$12.8B
Q3 25
$12.5B
Q2 25
$12.4B
Q1 25
$12.5B
Q4 24
$12.4B
Q3 24
$12.4B
Q2 24
$12.3B
Total Assets
HBM
HBM
WMB
WMB
Q1 26
Q4 25
$58.6B
Q3 25
$55.7B
Q2 25
$56.1B
Q1 25
$54.9B
Q4 24
$54.5B
Q3 24
$53.8B
Q2 24
$52.4B
Debt / Equity
HBM
HBM
WMB
WMB
Q1 26
Q4 25
2.13×
Q3 25
2.04×
Q2 25
2.06×
Q1 25
1.93×
Q4 24
1.99×
Q3 24
2.00×
Q2 24
1.96×

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
WMB
WMB
Operating Cash FlowLast quarter
$1.6B
Free Cash FlowOCF − Capex
$-379.0M
FCF MarginFCF / Revenue
-9.9%
Capex IntensityCapex / Revenue
50.9%
Cash ConversionOCF / Net Profit
2.15×
TTM Free Cash FlowTrailing 4 quarters
$1.0B

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
HBM
HBM
WMB
WMB
Q1 26
Q4 25
$1.6B
Q3 25
$1.4B
Q2 25
$1.4B
Q1 25
$1.4B
Q4 24
$1.2B
Q3 24
$1.2B
Q2 24
$1.3B
Free Cash Flow
HBM
HBM
WMB
WMB
Q1 26
Q4 25
$-379.0M
Q3 25
$485.0M
Q2 25
$478.0M
Q1 25
$421.0M
Q4 24
$450.0M
Q3 24
$561.0M
Q2 24
$700.0M
FCF Margin
HBM
HBM
WMB
WMB
Q1 26
Q4 25
-9.9%
Q3 25
13.9%
Q2 25
14.2%
Q1 25
10.1%
Q4 24
13.2%
Q3 24
18.5%
Q2 24
24.6%
Capex Intensity
HBM
HBM
WMB
WMB
Q1 26
Q4 25
50.9%
Q3 25
27.3%
Q2 25
28.8%
Q1 25
24.2%
Q4 24
22.5%
Q3 24
22.5%
Q2 24
20.3%
Cash Conversion
HBM
HBM
WMB
WMB
Q1 26
Q4 25
2.15×
Q3 25
2.22×
Q2 25
2.66×
Q1 25
2.07×
Q4 24
2.51×
Q3 24
1.76×
Q2 24
3.19×

Financial Flow Comparison

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

Revenue Breakdown by Segment

HBM
HBM

Segment breakdown not available.

WMB
WMB

Services$2.2B57%
Natural Gas Us Regulated$740.0M19%
West$730.0M19%
Non Regulated Service Commodity Consideration$51.0M1%
Natural Gas Gathering Transportation Marketing And Processing$45.0M1%
Affiliated Entity$23.0M1%
Other$14.0M0%
Other Service$11.0M0%

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