Company Analysis

Hudbay Minerals Inc. (HBM)

NYSE: HBM · Metal Mining · Toronto · filing with the SEC since 2005
Grade6.3
◀ Past 6.2● Present 6.5▶ Future 6.4
1 est.

The grade of Hudbay Minerals Inc.

Nine metrics read from its own filings, by tense
Headline grade
6.3/10
◀ Past6.240% of the headline
● Present6.535% of the headline
▶ Future6.425% of the headline

All three tenses have at least two readings, so the archetype blend applies as printed.

Of the nine metrics, 8 read as filed from the record and 1 is an SI estimate, each with its reasoning, its confidence and what would change it on its card.

◀ Past

What did they actually do?

6.2/1040% of the headline grade · 3 of 3 filed

Surviving crises

as filed
6.8/10

Has it survived what it has been through?

No warning events in its filings since 2017.

weight 45% of this tense · 68th percentile among 44 sector filers · read for itself

From the record

Hudbay Minerals Inc.'s filings since 2017 show no warning events in the scan: no bankruptcy or receivership notice, no debt default notice, no exchange listing notice, no restatement warning, no auditor change, no material cyber incident and no late-report notice (its current reports).

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Track record

as filed
6.1/10

What has it actually done, year after year?

+7.8% a year over 10 filed years; profitable in 6 of 10.

weight 33% of this tense · 61st percentile among 22 sector filers · read for its customers

From the record

Hudbay Minerals Inc.'s 10 filed years say what it did: revenue went from $1.1 billion in fiscal 2016 to $2.2 billion in fiscal 2025, up 7.8% a year; it rose in 6 of 9 years; the deepest fall was 26% from fiscal 2018 to fiscal 2020; net income was positive in 6 of 10 of those years (its annual reports).

What it rests on

  • revenue growth over the filed span7.8%top 42% of its family
  • the share of years revenue rosetop 31% of its family
  • the share of filed years with a profittop 43% of its family
  • the deepest fall from a revenue peak25.8%top 39% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Shareholder treatment

as filed
4.9/10

How has it treated the people who own it?

Share count grew 14.8% a year. 1% of cash flow returned. Insiders: 0 sales, 0 purchases.

weight 22% of this tense · 49th percentile among 12 sector filers · read for its shareholders

From the record

Over the 3 fiscal years to 2025-12-31, Hudbay Minerals Inc.'s diluted share count grew about 14.8% a year, and dividends and buybacks returned about 1% of its operating cash flow over 3 years (its filed statements). Its officers and directors filed 0 sales and 0 purchases of their own stock on the open market in the year to 2026-09-30 (their Form 4 filings).

What it rests on

  • the share count over the yearsbottom 49% of its family
  • cash returned against operating cash flowtop 50% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

● Present

What are they doing right now?

6.5/1035% of the headline grade · 2 of 3 filed, 1 estimated

Financial health

as filed
6.0/10

Is it financially healthy right now?

ROE 17%: 17¢ of profit per shareholder dollar. Leverage 48%: owes 48¢ per asset dollar.

weight 45% of this tense · 60th percentile among 35 sector filers · read for itself

From the record

Return on equity: in the fiscal year ended 2025-12-31, Hudbay Minerals Inc. earned about 17 cents of profit for every dollar of shareholders' money, and gross profitability: its products earned about 12 cents per dollar of everything the company owns. Leverage: it owed about 48 cents per dollar of assets, and net share issuance: its share count grew 5.1% over the year (the filed statements).

What it rests on

  • what it owes per dollar of assetsbottom 39% of its family
  • return on equitytop 11% of its family
  • gross profit against assetstop 47% of its family
  • the share count against the year beforetop 41% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Industry position

as filed
8.1/10

How strong is its position in its industry?

top 19% of 24 in its family; net margin 25.5%.

weight 33% of this tense · 81st percentile among 24 sector filers · read for its customers

From the record

Hudbay Minerals Inc.'s standing among 24 graded names in its industry family: revenue of $2.2 billion in fiscal 2025 ranks in the top 33% by size; a net margin of 25.5% ranks in the top 15%; revenue growth of 14.8% a year over the last 3 filed years ranks in the top 11% (its annual reports).

What it rests on

  • revenue against the family$2.21Btop 33% of its family
  • net margin25.5%top 15% of its family
  • three-year revenue growth14.8%top 11% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Leadership

SI estimate
5.0/10

What are the people in charge doing?

SI estimate 5.0/10, confidence 20 of 100 (family median).

weight 22% of this tense · 50th percentile among 19 sector filers · read for its shareholders

SI estimate Inferred, not read as filed

Why it is an estimate
It files no Form 8-K (a foreign issuer reports on Form 6-K), so officer and director changes cannot be read there; no officer or director has filed a Form 3, 4 or 5 for it in the last fifteen months, so the years in charge cannot be read, so the desk assumes the typical reading of its industry family, the median of 19 members with one.
What the record cannot read
It files no Form 8-K (a foreign issuer reports on Form 6-K), so officer and director changes cannot be read there; no officer or director has filed a Form 3, 4 or 5 for it in the last fifteen months, so the years in charge cannot be read.
How it was reasoned
family median, 19 readings behind it.
Confidence
20 of 100
What would change it
Its next annual report on file with the inputs replaces this estimate with the filed reading.

From the record

SI estimate, not a filed reading: Hudbay Minerals Inc.'s leadership is put at 5.0 of 10 with a confidence of 20 of 100, because it files no Form 8-K (a foreign issuer reports on Form 6-K), so officer and director changes cannot be read there; no officer or director has filed a Form 3, 4 or 5 for it in the last fifteen months, so the years in charge cannot be read, so the desk assumes the typical reading of its industry family, the median of 19 members with one. Its next annual report on file with the inputs replaces this estimate with the filed reading.

▶ Future

What are they set up to do next?

6.4/1025% of the headline grade · 3 of 3 filed

Room to expand

as filed
4.8/10

How much room does it have to grow?

bottom 48% of 20 in its family for room to expand.

weight 22% of this tense · 48th percentile among 20 sector filers · read for itself

From the record

Hudbay Minerals Inc.'s room to grow, from the newest filed statements (fiscal 2025): cash of $569 million against debt of $1.0 billion leaves -7.1% of its assets as net cash, bottom 26% of its family; cash from operations less capital spending is 10.9% of revenue (top 34%); a gross margin of 33.6% (top 47%) (its annual report).

What it rests on

  • cash less debt against assets-7.1%bottom 26% of its family
  • cash from operations less capital spending against revenue10.9%top 34% of its family
  • gross margin33.6%top 47% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Growth drivers

as filed
7.4/10

What could actually drive growth from here?

top 26% of 21 in its family for growth drivers.

weight 33% of this tense · 74th percentile among 21 sector filers · read for its customers

From the record

Hudbay Minerals Inc.'s growth drivers, from the filed years to fiscal 2025: revenue grew 14.8% a year over the last three filed years against 7.8% over all 10, speeding up (top 7% of its family); the newest year grew 9.4% (top 42%); capital spending grew 14.7% a year (top 28%) (its annual reports). Hudbay Minerals Inc. tags no split of its revenue by line in the annual report on file, so growth by line cannot be read here; research and capital spending are on the trend.

What it rests on

  • three-year growth against the whole span+7.0 points a yeartop 7% of its family
  • the newest year's revenue growth9.4%top 42% of its family
  • three-year growth of capital spending14.7%top 28% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Expectations vs reality

as filed
6.3/10

Did its newest year beat what its own record pointed to?

top 36% of 18 in its family for expectations against reality.

weight 45% of this tense · 64th percentile among 18 sector filers · read for its shareholders

From the record

Hudbay Minerals Inc.'s newest year against its own record: revenue of $2.2 billion in fiscal 2025 came in 7% below the $2.4 billion its prior three years' pace pointed to (bottom 18% of its family); net income of $564 million against a prior three-year average of $69 million (top 8%); a net margin of 25.5% against 4.1% before (top 19%) (its annual reports).

What it rests on

  • revenue against the prior three years' pace-7.0%bottom 18% of its family
  • net income against the prior three years' averagefive times its prior average or moretop 8% of its family
  • net margin against its prior average+21.4 pointstop 19% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

The grade is the company against its own industry, from its filings. It is not a view on the share price. How the grade is made

SI Assistanton HBM · research, not advice