HCHDF (Hochschild Mining) Operating Income: $345 Mil (TTM As of Dec. 2025)

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HCHDF Hochschild Mining PLC HCHDF
77 GF Score
Price $5.74
GF Value $4.49
Valuation Modestly Overvalued
! 1 Warning Sign
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What is Hochschild Mining Operating Income?

Hochschild Mining HCHDF -0.57% 77 Operating Income is $345 Mil as of Dec. 2025. GuruFocus rates HCHDF with a GF Score™ of 77/100 and a GF Value™ of $4.49 (Modestly Overvalued). The stock has 1 warning sign investors should review.

Hochschild Mining's Operating Income for the six months ended in Dec. 2025 was $219 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Dec. 2025 was $345 Mil.

Operating Margin % is calculated as Operating Income divided by its Revenue. Hochschild Mining's Operating Income for the six months ended in Dec. 2025 was $219 Mil. Hochschild Mining's Revenue for the six months ended in Dec. 2025 was $662 Mil. Therefore, Hochschild Mining's Operating Margin % for the quarter that ended in Dec. 2025 was 33.04%.

Good Sign:

Hochschild Mining PLC operating margin is expanding. Margin expansion is usually a good sign.

Hochschild Mining's 5-Year average Growth Rate for Operating Margin % was 16.10% per year.

Operating Income or EBIT is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Hochschild Mining's annualized ROC % for the quarter that ended in Dec. 2025 was 15.87%. Hochschild Mining's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2025 was 37.36%.

Hochschild Mining  (OTCPK:HCHDF) Operating Income Explanation

1. Operating Income or EBIT is linked to Return on Capital for both regular definition and Joel Greenblatt's definition.

Hochschild Mining's annualized ROC % for the quarter that ended in Dec. 2025 is calculated as:

ROC % (Q: Dec. 2025 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Jun. 2025 ) + Invested Capital (Q: Dec. 2025 ))/ count )
=437.592 * ( 1 - 35.49% )/( (1677.406 + 1880.573)/ 2 )
=282.2905992/1778.9895
=15.87 %

where

Invested Capital(Q: Jun. 2025 )
=Total Assets - Accounts Payable & Accrued Expense - Excess Cash
=Total Assets - Accounts Payable & Accrued Expense - ( Cash, Cash Equivalents, Marketable Securities - max(0, Total Current Liabilities - Total Current Assets+Cash, Cash Equivalents, Marketable Securities))
=1750.695 - 184.263 - ( 112.333 - max(0, 439.218 - 328.244+112.333))
=1677.406

Invested Capital(Q: Dec. 2025 )
=Total Assets - Accounts Payable & Accrued Expense - Excess Cash
=Total Assets - Accounts Payable & Accrued Expense - ( Cash, Cash Equivalents, Marketable Securities - max(0, Total Current Liabilities - Total Current Assets+Cash, Cash Equivalents, Marketable Securities))
=2159.768 - 282.958 - ( 319.594 - max(0, 597.907 - 594.144+319.594))
=1880.573

Note: The Operating Income data used here is two times the semi-annual (Dec. 2025) data.

2. Joel Greenblatt's definition of Return on Capital:

Hochschild Mining's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2025 is calculated as:

ROC (Joel Greenblatt) %(Q: Dec. 2025 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Jun. 2025  Q: Dec. 2025
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=485.046/( ( (1264.443 + max(-96.81, 0)) + (1332.235 + max(-216.831, 0)) )/ 2 )
=485.046/( ( 1264.443 + 1332.235 )/ 2 )
=485.046/1298.339
=37.36 %

where Working Capital is:

Working Capital(Q: Jun. 2025 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(120.564 + 94.736 + 0.61099999999999) - (184.263 + 0 + 128.458)
=-96.81

Working Capital(Q: Dec. 2025 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(81.373 + 118.211 + 64.202) - (282.958 + 0 + 197.659)
=-216.831

When net working capital is negative, 0 is used.

Note: The EBIT data used here is two times the semi-annual (Dec. 2025) EBIT data.

3. Operating Income is also linked to Operating Margin %:

Hochschild Mining's Operating Margin % for the quarter that ended in Dec. 2025 is calculated as:

Operating Margin %=Operating Income (Q: Dec. 2025 )/Revenue (Q: Dec. 2025 )
=218.796/662.138
=33.04 %

* 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.

4. Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the Operating Income growth rate using Operating Income per share data.

Be Aware

Compared with a company's EBITDA margin, Operating Margin can be manipulated by adjusting the rate of depreciation, depletion and amortization (DDA).

If a company is facing competition, its Operating Margin may decline. Often the Operating Margin declines well before the company's revenue or even profit decline. Therefore, Operating Margin is a very important indicator of whether the company is facing problems.

For instance, by 2012, Nokia (NOK)'s problems were well known and its stock had lost more than 90% of its market value since 2007. But Nokia's Operating Margin had already been in decline since 2002, although its earnings per share were still rising. Investors who paid attention to Operating Margin would have avoided this huge loss. The same can be said for Research-in-Motion (RIMM).

Therefore, Operating Margin is a very important screening filter for GuruFocus. GuruFocus's Buffett-Munger screener requires that the profit margin is either consistent or expanding. The Model Portfolio of the Buffett-Munger screener has outperformed the market every year since inception in 2009.

Hochschild Mining Operating Income Related Terms

Hochschild Mining Operating Income Historical Data

* Premium members only.

The historical data trend for Hochschild Mining's Operating Income 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.

Hochschild Mining Operating Income Chart

Hochschild Mining Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Operating Income
Get a 7-Day Free Trial Premium Member Only Premium Member Only 154.64 47.33 83.75 226.60 345.38

Hochschild Mining Semi-Annual Data
Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24 Jun25 Dec25
Operating Income 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 72.71 98.10 128.49 126.58 218.80
HCHDF
77GF Score
Hochschild Mining PLC HCHDF
Operating Income is just one metric. See GF Score™, valuation, warning signs, and more.
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Hochschild Mining Operating Income Calculation

Operating Income, is the profit a company earned through operations. All expenses, including cash expenses such as cost of goods sold (COGS), research & development, wages, and non-cash expenses, such as depreciation, depletion and amortization, have been deducted from the sales.

Operating Income for the trailing twelve months (TTM) ended in Dec. 2025 adds up the semi-annually data reported by the company within the most recent 12 months, which was $345 Mil.

* 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 Operating Income →
What does a Operating Income of $345 Mil mean?
Hochschild Mining (HCHDF) has a Operating Income of $345 Mil as of Dec. 2025. Operating Income equals sales less all operating expenses. It is linked to EBIT. View historical data on Hochschild Mining and its competitors.
Is Hochschild Mining's Operating Income too high?
Hochschild Mining's current Operating Income is $345 Mil. Overall, Hochschild Mining has a GF Score™ of 77/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Hochschild Mining's Operating Income compare to HL?
Hochschild Mining's Operating Income of $345 Mil can be compared against companies in the Metals & Mining industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Operating Income for a Metals & Mining company?
A good Operating Income depends on the Metals & Mining industry context. However, Operating Income 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 Operating Income mean?
A high Operating Income can signal that a stock is expensive relative to its fundamentals. Operating Income equals sales less all operating expenses. It is linked to EBIT. View historical data on Hochschild Mining and its competitors. Hochschild Mining's current Operating Income is $345 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Hochschild Mining stock overvalued right now?
Based on GuruFocus' analysis, Hochschild Mining (HCHDF) is currently considered Modestly Overvalued. The stock's GF Value™ is $4.49, compared to a current price of $5.74 — trading 27.8% above its estimated fair value. The current Operating Income is $345 Mil. Hochschild Mining's overall GF Score™ is 77/100 with 1 warning sign to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Operating Income calculated?
Operating Income is calculated from a company's financial statements. For Hochschild Mining (HCHDF), the current Operating Income is $345 Mil as of Dec. 2025. 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.

Is Hochschild Mining (HCHDF) Overvalued in 2026?

Based on GuruFocus' analysis, Hochschild Mining stock appears to be overvalued. The current stock price of $5.74 is trading 27.8% above its estimated GF Value™ of $4.49. GuruFocus considers Hochschild Mining to be Modestly Overvalued.

Key valuation signals for HCHDF:

  • Operating Income: $345 Mil
  • GF Value™: $4.49 vs. price of $5.74 (27.8% above fair value)
  • GF Score™: 77/100 with 1 warning sign

No single metric tells the full story. See the HCHDF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

Hochschild Mining Business Description

Address 21 Gloucester Place, London, GBR, W1U 8HR
Hochschild Mining PLC is engaged in the mining, processing, and sale of silver and gold. It has one operating mine (Inmaculada) located in southern Peru, one operating mine (San Jose) located in Argentina, and one operating mine (Mara Rosa) located in Brazil. The Group also has a portfolio of projects located across Peru, Argentina, Brazil, and Chile, at various stages of development. Its reportable segments are Inmaculada, San Jose, Mara Rosa, Pallancata, Exploration, and Other. A majority of its revenue is generated from the Inmaculada segment, which generates revenue from the sale of gold and silver (dore). Geographically, the group generates maximum revenue from Canada, followed by Switzerland, the USA, Peru, South Korea, Germany, Japan, and other regions.
77GF Score

Get the complete analysis for HCHDF

Operating Income is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

$5.74
Price
$4.49
GF Value