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Hudbay Minerals Gross Margin %

: 21.55% (As of Jun. 2022)
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Gross Margin % is calculated as gross profit divided by its revenue. Hudbay Minerals's Gross Profit for the three months ended in Jun. 2022 was $90 Mil. Hudbay Minerals's Revenue for the three months ended in Jun. 2022 was $415 Mil. Therefore, Hudbay Minerals's Gross Margin % for the quarter that ended in Jun. 2022 was 21.55%.

Warning Sign:

Hudbay Minerals Inc gross margin has been in long-term decline. The average rate of decline per year is -27.2%.


The historical rank and industry rank for Hudbay Minerals's Gross Margin % or its related term are showing as below:

HBM' s Gross Margin % Range Over the Past 10 Years
Min: 3.57   Med: 14.42   Max: 29.18
Current: 10.89


During the past 13 years, the highest Gross Margin % of Hudbay Minerals was 29.18%. The lowest was 3.57%. And the median was 14.42%.

HBM's Gross Margin % is ranked worse than
75.66% of 715 companies
in the Metals & Mining industry
Industry Median: 25.13 vs HBM: 10.89

Hudbay Minerals had a gross margin of 21.55% for the quarter that ended in Jun. 2022 => Competition eroding margins

The 5-Year average Growth Rate of Gross Margin for Hudbay Minerals was -27.20% per year.


Hudbay Minerals Gross Margin % Historical Data

The historical data trend for Hudbay Minerals's Gross Margin % can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Hudbay Minerals Annual Data
Trend Dec12 Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21
Gross Margin %
Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 29.18 25.38 12.25 3.57 8.72

Hudbay Minerals Quarterly Data
Sep17 Dec17 Mar18 Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22
Gross Margin % Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 20.33 -23.80 19.23 22.52 21.55

Competitive Comparison

For the Copper subindustry, Hudbay Minerals's Gross Margin %, along with its competitors' market caps and Gross Margin % data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

   

Hudbay Minerals Gross Margin % Distribution

For the Metals & Mining industry and Basic Materials sector, Hudbay Minerals's Gross Margin % distribution charts can be found below:

* The bar in red indicates where Hudbay Minerals's Gross Margin % falls into.



Hudbay Minerals Gross Margin % Calculation

Gross Margin is the percentage of Gross Profit out of sales or Revenue.

Hudbay Minerals's Gross Margin for the fiscal year that ended in Dec. 2021 is calculated as

Gross Margin % (A: Dec. 2021 )=Gross Profit (A: Dec. 2021 ) / Revenue (A: Dec. 2021 )
=131 / 1501.998
=(Revenue - Cost of Goods Sold) / Revenue
=(1501.998 - 1370.979) / 1501.998
=8.72 %

Hudbay Minerals's Gross Margin for the quarter that ended in Jun. 2022 is calculated as


Gross Margin % (Q: Jun. 2022 )=Gross Profit (Q: Jun. 2022 ) / Revenue (Q: Jun. 2022 )
=89.5 / 415.454
=(Revenue - Cost of Goods Sold) / Revenue
=(415.454 - 325.94) / 415.454
=21.55 %

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

A positive Gross Profit is only the first step for a company to make a net profit. The gross profit needs to be big enough to also cover related labor, equipment, rental, marketing/advertising, research and development and a lot of other costs in selling the products.


Hudbay Minerals  (NYSE:HBM) Gross Margin % Explanation

Warren Buffett believes that firms with excellent long term economics tend to have consistently higher margins.

Durable competitive advantage creates a high Gross Margin % because of the freedom to price in excess of cost. Companies can be categorized by their Gross Margin %

1. Greater than 40% = Durable competitive advantage
2. Less than 40% = Competition eroding margins
3. Less than 20% = no sustainable competitive advantage
Consistency of Gross Margin is key

Hudbay Minerals had a gross margin of 21.55% for the quarter that ended in Jun. 2022 => Competition eroding margins


Be Aware

If a company loses its competitive advantages, usually its gross margin declines well before its sales declines. Watching Gross Margin % and Operating Margin % closely helps avoid value trap situations.


Hudbay Minerals Gross Margin % Related Terms

Thank you for viewing the detailed overview of Hudbay Minerals's Gross Margin % provided by GuruFocus.com. Please click on the following links to see related term pages.


Hudbay Minerals Business Description

Hudbay Minerals logo
Traded in Other Exchanges
Address
25 York Street, Suite 800, Toronto, ON, CAN, M5J 2V5
Hudbay Minerals Inc is a Canadian mining company with its operations, property developments, and exploration activities across the United States. The major mines that Hudbay operates are located in Manitoba, Canada, Arizona, United States; and Peru. The company is principally focused on the discovery, production, and marketing of base and precious metals. Hudbay produces copper concentrate, which contains copper, gold, and silver, as well as zinc metal. More than half the company's revenue is attributable to the copper business. The company sells copper concentrates to smelters across Asia, America, and Europe, and sells Zinc metal, the next biggest source of revenue, to industrial customers across North America.

Hudbay Minerals Headlines

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