HL financial statements

The full income statement, balance sheet, and cash-flow statement for Hecla Mining Company (HL), plus valuation ratios — straight from SEC filings. Switch between annual, quarterly, and trailing-twelve-month figures, pick how far back to look, and flip the time order. Every line has a trend sparkline.

Shares outstanding (point-in-time)

2024-06 629.7M2024-09 637.0M2024-12 631.8M2025-03 632.6M2025-06 639.7M2025-09 670.1M2025-12 670.3M2026-03 670.7M2026-06 671.8M+6.7% over 8 periods

SEC-filed end-of-period counts (cover pages and balance sheets, split-adjusted) — the series realized buyback yield is computed from. The weighted-average share lines in the statements below lag these by design: an average over the year sits near the midpoint of an ongoing buyback.

PeriodRangeOrderChangeYoYQoQFiguresAs-reported fiscal years.

Line item	FY2025	FY2024	FY2023	FY2022	FY2021
Income Statement	as ofDec 31 ’25	as ofDec 31 ’24	as ofDec 31 ’23	as ofDec 31 ’22	as ofDec 31 ’21
Revenue	1.42B YoY+53.0%	930M YoY+29.1%	720M YoY+0.2%	719M YoY-11.0%	807M YoY+16.7%
	622M YoY+213.9%	198M YoY+75.5%	113M YoY-2.8%	116M YoY-46.7%	218M YoY+35.2%
Cost of revenue	801M YoY+9.4%	732M YoY+20.5%	607M YoY+0.8%	603M YoY+2.2%	590M YoY+11.1%
	107M YoY+16.8%	91.9M YoY-41.7%	158M YoY+22.6%	129M YoY-4.3%	134M YoY+42.8%
Selling, general & administrative	57.6M YoY+26.9%	45.4M YoY+6.3%	42.7M YoY-1.5%	43.4M YoY+25.5%	34.6M YoY-2.8%
General & administrative	57.6M YoY+26.9%	45.4M YoY+6.3%	42.7M YoY-1.5%	43.4M YoY+25.5%	34.6M YoY-2.8%
Operating income	515M YoY+384.4%	106M YoY+337.9%	-44.7M YoY-259.2%	-12.4M YoY-114.9%	83.4M YoY+24.5%
Interest expense	-41.6M YoY+16.6%	-49.8M YoY-15.0%	-43.3M YoY-1.2%	-42.8M YoY-202.0%	41.9M YoY-15.4%
Other non-operating income	-726K YoY-116.4%	4.43M YoY-24.8%	5.88M YoY-24.9%	7.83M YoY+1463.9%	-574K YoY+74.6%
Pre-tax income	479M YoY+623.7%	66.2M YoY+179.8%	-83.0M YoY-84.8%	-44.9M YoY-912.8%	5.53M YoY+539.3%
Income tax	157M YoY+417.7%	30.4M YoY+2388.9%	1.22M YoY+116.2%	-7.57M YoY+74.4%	-29.6M YoY-260.6%
	322M YoY+798.6%	35.8M YoY+142.5%	-84.2M YoY-125.5%	-37.3M YoY-206.4%	35.1M YoY+471.1%
Preferred dividends	552K YoY+0.0%	552K YoY+0.0%	552K YoY+0.0%	552K YoY+0.0%	552K YoY+0.0%
Net income to common	321M YoY+811.1%	35.3M YoY+141.6%	-84.8M YoY-123.7%	-37.9M YoY-209.7%	34.5M YoY+445.1%
	$0.49 YoY+716.7%	$0.06 YoY+142.9%	-$0.14 YoY-100.0%	-$0.07 YoY-216.7%	$0.06 YoY+400.0%
EPS (basic)	$0.49 YoY+716.7%	$0.06 YoY+142.9%	-$0.14 YoY-100.0%	-$0.07 YoY-216.7%	$0.06 YoY+400.0%
	652M YoY+5.0%	621M YoY+2.5%	606M YoY+8.7%	557M YoY+3.9%	536M YoY+1.7%
	656M YoY+5.3%	623M YoY+2.8%	606M YoY+8.7%	557M YoY+2.8%	542M YoY+2.8%
Dividends per share	$0.01 YoY-75.0%	$0.04 YoY+6.7%	$0.04 YoY+0.0%	$0.04 YoY+0.0%	$0.04 YoY+130.8%
Balance Sheet	as ofDec 31 ’25	as ofDec 31 ’24	as ofDec 31 ’23	as ofDec 31 ’22	as ofDec 31 ’21
	629M YoY+193.9%	214M YoY-17.7%	260M YoY-2.8%	268M YoY-21.6%	342M YoY+20.2%
Cash & equivalents	242M YoY+799.1%	26.9M YoY-74.7%	106M YoY+1.6%	105M YoY-50.1%	210M YoY+61.8%
Short-term investments	59.6M	0.00	—	—	—
Accounts receivable	170M YoY+440.2%	31.5M YoY+62.4%	19.4M YoY-57.0%	45.1M YoY+23.8%	36.4M YoY+30.8%
Inventory	26.5M YoY-24.2%	35.0M YoY+21.3%	28.8M YoY-22.7%	37.3M	—
Other current assets	23.4M YoY-29.7%	33.3M YoY+22.7%	27.1M YoY+64.7%	16.5M YoY-14.5%	19.3M YoY+0.8%
	3.56B YoY+19.4%	2.98B YoY-1.0%	3.01B YoY+2.9%	2.93B YoY+7.3%	2.73B YoY+1.1%
Property, plant & equipment	2.13B YoY-20.9%	2.69B YoY+1.0%	2.67B YoY+3.8%	2.57B YoY+11.2%	2.31B YoY-2.8%
Operating lease right-of-use	8.86M YoY+17.4%	7.54M YoY-9.6%	8.35M YoY-24.5%	11.1M YoY-11.0%	12.4M YoY+17.0%
Long-term investments	47.8M YoY+41.1%	33.9M YoY+0.6%	33.7M YoY+40.4%	24.0M YoY+121.3%	10.8M YoY-28.4%
Deferred tax assets	—	0.00 YoY-100.0%	2.88M YoY-86.3%	21.1M YoY-53.7%	45.6M YoY+1464.6%
Other non-current assets	31.9M YoY+5.7%	30.2M YoY-21.6%	38.5M YoY+19.1%	32.3M YoY+398.7%	6.48M YoY-19.9%
	232M YoY+17.0%	198M YoY+25.6%	157M YoY-11.8%	178M YoY+11.3%	160M YoY+8.9%
Accrued liabilities	77.6M YoY-12.8%	89.0M YoY+9.0%	81.6M YoY-3.7%	84.7M YoY+24.4%	68.1M YoY-0.6%
Short-term & current debt	0.00 YoY-100.0%	33.6M	0.00	—	—
Current lease liability	1.10M YoY+22.2%	900K YoY+12.5%	800K YoY-68.0%	2.50M YoY+0.0%	2.50M YoY-16.9%
Other current liabilities	1.93M YoY+11.3%	1.73M YoY-81.1%	9.16M YoY+164.9%	3.46M YoY+33.7%	2.58M YoY+1773.2%
Finance lease liability (current)	7.20M YoY-12.2%	8.20M YoY-16.3%	9.80M YoY+3.2%	9.50M YoY+69.3%	5.61M YoY-13.5%
	969M YoY+2.9%	942M YoY-9.7%	1.04B YoY+10.0%	948M YoY-2.0%	968M YoY-1.9%
Non-current lease liability	8.20M YoY+15.5%	7.10M YoY-9.0%	7.80M YoY-9.3%	8.60M YoY-14.0%	10.0M YoY+31.0%
Operating lease liability (total)	9.29M YoY+16.2%	8.00M YoY-7.0%	8.60M YoY-22.5%	11.1M YoY-10.5%	12.4M YoY+17.0%
Finance lease liability (total)	13.9M YoY-36.7%	21.9M YoY-18.3%	26.8M YoY+28.2%	20.9M YoY+56.0%	13.4M YoY-15.2%
Finance lease liability	6.70M YoY-51.1%	13.7M YoY-19.4%	17.0M YoY+49.1%	11.4M YoY+46.2%	7.80M YoY-15.9%
Deferred tax liabilities	158M YoY+42.9%	110M YoY+5.2%	105M YoY-16.7%	126M YoY-15.9%	150M YoY-4.1%
Other non-current liabilities	33.9M YoY+199.3%	11.3M YoY-31.2%	16.5M YoY+41.1%	11.7M YoY-21.6%	14.9M YoY+242.6%
	2.59B YoY+27.1%	2.04B YoY+3.6%	1.97B YoY-0.5%	1.98B YoY+12.4%	1.76B YoY+2.7%
Preferred stock	39.0K YoY+0.0%	39.0K YoY+0.0%	39.0K YoY+0.0%	39.0K YoY+0.0%	39.0K YoY+0.0%
Common stock	170M YoY+6.0%	160M YoY+2.5%	156M YoY+2.8%	152M YoY+11.3%	136M YoY+1.3%
Additional paid-in capital	2.64B YoY+9.3%	2.42B YoY+3.2%	2.34B YoY+3.7%	2.26B YoY+11.1%	2.03B YoY+1.5%
Retained earnings	-182M YoY+63.1%	-494M YoY+2.1%	-504M YoY-24.7%	-404M YoY-14.2%	-354M YoY+3.9%
Treasury stock	35.8M YoY+2.5%	34.9M YoY+3.5%	33.7M YoY+6.4%	31.7M YoY+13.1%	28.0M YoY+19.3%
Accumulated other comprehensive income	-3.33M YoY+67.5%	-10.3M YoY-275.9%	5.84M YoY+138.4%	2.45M YoY+108.6%	-28.5M YoY+13.5%
Total liabilities & equity	3.56B YoY+19.4%	2.98B YoY-1.0%	3.01B YoY+2.9%	2.93B YoY+7.3%	2.73B YoY+1.1%
	670M YoY+6.1%	632M YoY+1.1%	625M YoY+2.8%	608M YoY+12.9%	538M YoY+0.6%
Cash Flow	as ofDec 31 ’25	as ofDec 31 ’24	as ofDec 31 ’23	as ofDec 31 ’22	as ofDec 31 ’21
	563M YoY+157.8%	218M YoY+189.1%	75.5M YoY-16.0%	89.9M YoY-59.2%	220M YoY+21.9%
Depreciation & amortization	166M YoY-13.1%	190M YoY+16.4%	164M YoY+12.8%	145M YoY-15.9%	173M YoY+11.4%
Share-based compensation	10.9M YoY+26.1%	8.66M YoY+31.2%	6.60M YoY+9.7%	6.01M YoY-1.2%	6.08M YoY-5.8%
Deferred income taxes	130M YoY+562.7%	19.7M YoY+431.1%	-5.95M YoY+64.2%	-16.6M YoY+61.4%	-43.0M YoY-451.3%
Change in receivables	137M YoY+697.5%	17.2M YoY+168.3%	-25.1M YoY-189.9%	-8.67M YoY-260.4%	5.41M YoY+400.5%
Change in inventory	21.5M YoY-34.6%	32.8M YoY+36.6%	24.0M YoY+31.8%	18.2M YoY+207.7%	-16.9M YoY-228.1%
	-271M YoY-27.1%	-213M YoY+8.0%	-231M YoY-23.5%	-187M YoY-75.0%	-107M YoY-215.2%
Capital expenditure	252M YoY+17.7%	214M YoY-4.2%	224M YoY+49.9%	149M YoY+37.0%	109M YoY+19.8%
Free cash flow	310M YoY+8096.8%	3.79M YoY+102.6%	-148M YoY-149.4%	-59.5M YoY-153.5%	111M YoY+24.0%
Acquisitions	0.00	0.00 YoY+100.0%	-228K YoY+97.5%	-8.95M	0.00
Purchases of investments	21.9M YoY+29943.8%	73.0K YoY-99.2%	8.96M YoY-72.0%	32.0M	0.00 YoY-100.0%
Proceeds from sale of PP&E	—	—	1.33M YoY+77.7%	748K YoY-30.5%	1.08M YoY+225.4%
	-78.0M YoY+7.0%	-83.8M YoY-153.6%	156M YoY+2184.4%	-7.50M YoY+77.0%	-32.6M YoY-68.2%
Long-term debt issued	153M YoY-45.2%	279M YoY+16.7%	239M YoY+856.0%	25.0M	0.00 YoY-100.0%
Long-term debt repaid	0.00	0.00	0.00	0.00	0.00
Common stock issued	216M YoY+270.5%	58.4M YoY+3.0%	56.7M YoY+228.1%	17.3M	0.00
Common stock repurchased	885K YoY-26.1%	1.20M YoY-41.2%	2.04M YoY-44.6%	3.68M YoY-18.7%	4.53M YoY+64.8%
Dividends paid	10.4M YoY-59.0%	25.3M YoY+61.2%	15.7M YoY+21.5%	12.9M YoY-37.4%	20.7M YoY+140.4%
Net change in cash	215M YoY+370.1%	-79.5M YoY-4971.0%	1.63M YoY+101.6%	-105M YoY-231.1%	80.2M YoY+19.0%
Interest paid	45.1M YoY-2.2%	46.1M YoY+22.0%	37.7M YoY+1.5%	37.2M YoY-1.0%	37.6M YoY+7.8%
Income taxes paid	8.72M YoY+32.8%	6.57M YoY-26.2%	8.91M YoY-38.2%	14.4M YoY+19.0%	12.1M YoY+53.0%
Valuation Ratios	as ofDec 31 ’25	as ofDec 31 ’24	as ofDec 31 ’23	as ofDec 31 ’22	as ofDec 31 ’21
Market cap	12.9B YoY+314.7%	3.10B YoY+4.3%	2.97B YoY-3.6%	3.08B YoY+9.7%	2.81B YoY-19.0%
P/E	40.0× YoY-53.9%	86.7×	—	—	80.1×
P/S	9.0× YoY+171.0%	3.3× YoY-15.4%	3.9× YoY-9.3%	4.3× YoY+24.9%	3.5× YoY-30.6%
P/B	5.0× YoY+226.3%	1.5× YoY+1.2%	1.5× YoY-4.7%	1.6× YoY-1.2%	1.6× YoY-21.1%
P/FCF	41.5× YoY-94.9%	819.6×	—	—	25.3× YoY-34.6%
	2.5% YoY+116.7%	1.2%	—	—	1.2%
	2.4% YoY+1876.7%	0.12%	—	—	4.0% YoY+53.0%
	0.05% YoY-93.6%	0.81% YoY+4.5%	0.78% YoY+15.6%	0.67% YoY-6.1%	0.72% YoY+186.5%
Source filing	10-K	10-K	10-K	10-K	10-K

About this data

Source: HL's SEC filings (10-K / 10-Q). Annual columns are as-reported fiscal years; quarterly columns are as-reported fiscal quarters (Q4 derived as full-year minus the first three quarters where a company doesn't file a standalone Q4); TTM (quarterly) rolls the trailing four quarters at every quarter end, TTM (yearly) samples that one year apart; balance-sheet rows show the period-end balance. Valuation ratios are sampled as of each period end. View all HL filings on SEC EDGAR → Not investment advice.