Heritage Mining (XCNQ:HML) Net Margin %: 0.00% (As of Mar. 2026)

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

What is Heritage Mining Net Margin %?

Heritage Mining XCNQ:HML +25.00% Net Margin % is 0.00% as of Mar. 2026. The stock has 1 warning sign investors should review. Among 841 Metals & Mining companies, Heritage Mining ranks worse than 118905.95% on this metric.

Net margin is calculated as Net Income divided by its Revenue. Heritage Mining's Net Income for the three months ended in Mar. 2026 was C$-0.65 Mil. Heritage Mining's Revenue for the three months ended in Mar. 2026 was C$0.00 Mil. Therefore, Heritage Mining's net margin for the quarter that ended in Mar. 2026 was 0.00%.

The historical rank and industry rank for Heritage Mining's Net Margin % or its related term are showing as below:


XCNQ:HML's Net Margin % is not ranked *
in the Metals & Mining industry.
Industry Median: 3.52
* Ranked among companies with meaningful Net Margin % only.

Heritage Mining  (XCNQ:HML) Net Margin % Explanation

Although Net Income and Earnings-per-Share (EPS) are the most widely used parameter in measuring a company's profitability and valuation, it is the least reliable. The reason is that reported earnings can be manipulated easily by adjusting any numbers such as Depreciation, Depletion and Amotorization and non-recurring items.

But the long term trend of the net margin is a good indicator of the competitiveness and health of the business.

Heritage Mining Net Margin % Related Terms

Heritage Mining Net Margin % Historical Data

* Premium members only.

The historical data trend for Heritage Mining's Net 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.

Heritage Mining Net Margin % Chart

Heritage Mining Annual Data
Trend Dec21 Dec22 Dec23 Dec24 Dec25
Net Margin %
0.00 0.00 0.00 0.00 0.00

Heritage Mining Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Net Margin % Get a 7-Day Free Trial 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 0.00 0.00 0.00 0.00 0.00

XCNQ:HML vs HL: Net Margin % Comparison

For the Other Precious Metals & Mining subindustry, Heritage Mining's Net Margin %, along with its competitors' market caps and Net 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.

Heritage Mining Net Margin % vs Metals & Mining Industry

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

* The bar in red indicates where Heritage Mining's Net Margin % falls into.


Heritage Mining Net Margin % Calculation

Net margin - also known as net profit margin is the ratio of Net Income divided by net sales or Revenue, usually presented in percent.

Heritage Mining's Net Margin for the fiscal year that ended in Dec. 2025 is calculated as

Net Margin=Net Income (A: Dec. 2025 )/Revenue (A: Dec. 2025 )
=-4.156/0
= %

Heritage Mining's Net Margin for the quarter that ended in Mar. 2026 is calculated as

Net Margin=Net Income (Q: Mar. 2026 )/Revenue (Q: Mar. 2026 )
=-0.645/0
= %

* 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.

Frequently Asked Questions Learn more about Net Margin % →
What does a Net Margin % of 0.00% mean?
Heritage Mining (XCNQ:HML) has a Net Margin % of 0.00% as of Mar. 2026. Net margin is the ratio of total net income to net sales. View historical data on Heritage Mining and its competitors. According to the industry distribution chart, Heritage Mining ranks #999999 out of 841 companies in the Metals & Mining industry.
Is Heritage Mining's Net Margin % too high?
Heritage Mining's current Net Margin % is 0.00%. Based on the distribution chart, Heritage Mining ranks #999999 out of 841 companies in the Metals & Mining industry, which is in the bottom quartile relative to peers.
How does Heritage Mining's Net Margin % compare to HL?
According to the Metals & Mining industry distribution chart, Heritage Mining ranks #999999 out of 841 companies for Net Margin %. This places Heritage Mining in the lower half of its industry. The industry median Net Margin % is 3.52. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Net Margin % for a Metals & Mining company?
The median Net Margin % among Metals & Mining companies is 3.52, based on 841 companies in the industry. Companies in the top quartile (top 25%) have a Net Margin % significantly above this median, while those in the bottom quartile fall well below. However, Net Margin % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Net Margin % mean?
A high Net Margin % can signal that a stock is expensive relative to its fundamentals. Net margin is the ratio of total net income to net sales. View historical data on Heritage Mining and its competitors. For the Metals & Mining industry, the median Net Margin % is 3.52 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Heritage Mining's current Net Margin % is 0.00%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Heritage Mining stock overvalued right now?
Heritage Mining (XCNQ:HML) has a current Net Margin % of 0.00%. The current Net Margin % is 0.00%. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Net Margin % calculated?
Net Margin % is calculated from a company's financial statements. For Heritage Mining (XCNQ:HML), the current Net Margin % is 0.00% as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Heritage Mining Business Description

Other Exchanges Y66:Germany
Address 1055 West Hastings Street, Suite 300, Vancouver, BC, CAN, V6E 2E9
Heritage Mining Ltd is a Canadian mineral exploration company advancing its two high grade gold-silver-copper projects in Northwestern Ontario. The Drayton-Black Lake and the Contact Bay projects are located near Sioux Lookout in the underexplored Eagle-Wabigoon-Manitou Greenstone Belt.