How Does Hecla Mining Stock Stack Up Against Its Peers?
Hecla Mining’s (HL) stock has shown a mixed performance over the past year, outperforming some peers but trailing others in a dynamic mining market. A closer look reveals strong operating profitability but moderate free cash flow and growth, alongside a premium valuation. Limited upside may persist as market momentum favors those with superior growth or lower valuations as of March 10, 2026.
- HL’s 37.7% operating margin is robust, reflecting strong cost management from high-grade silver assets; FSM’s 38.7% indicates potent asset leverage.
- HL’s 53.0% revenue growth, propelled by strong silver prices and production gains, outpaced PAAS/FSM but trailed AG/CDE/SSRM, possibly due to major acquisitions by peers.
- HL’s 328.1% stock gain and 45.8 PE reflects investor belief in its silver focus and operational leverage, despite AG/CDE’s stronger returns.
Here’s how Hecla Mining stacks up across size, valuation, and profitability versus key peers.
| HL | PAAS | AG | CDE | SSRM | FSM | |
|---|---|---|---|---|---|---|
| Market Cap ($ Bil) | 14.7 | 26.0 | 13.1 | 14.9 | 6.3 | 3.6 |
| Revenue ($ Bil) | 1.4 | 3.6 | 1.3 | 2.1 | 1.6 | 1.0 |
| PE Ratio | 45.8 | 26.6 | 75.9 | 25.4 | 15.9 | 12.5 |
| LTM Revenue Growth | 53.0% | 28.4% | 124.5% | 96.4% | 63.7% | 42.0% |
| LTM Operating Margin | 37.7% | 31.4% | 27.7% | 37.5% | 28.8% | 38.7% |
| LTM FCF Margin | 21.8% | 28.2% | 24.5% | 32.2% | 14.8% | 26.5% |
| 12M Market Return | 328.1% | 166.8% | 382.4% | 355.2% | 226.0% | 147.7% |
For more details on Hecla Mining, read Buy or Sell HL Stock. Below we compare HL’s growth, margin, and valuation with peers across years
Revenue Growth Comparison
- Palantir At 80x Earnings: What Revenue Growth Rate Justifies The Valuation?
- Should You Pay Attention To Chevron Stock’s Momentum?
- What Is Happening With Caterpillar Stock?
- What Can Trigger Microsoft Stock’s Slide?
- Is Microsoft Stock A Trap Or A Missed Opportunity?
- Earn 9.6% Today or Buy BSX 30% Cheaper – It’s a Win-Win
| LTM | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
| HL | 53.0% | 53.0% | 29.1% | 0.2% |
| PAAS | 28.4% | 28.4% | 21.7% | 55.0% |
| AG | 124.5% | 124.5% | -2.2% | -8.1% |
| CDE | 96.4% | 96.4% | 28.3% | 4.5% |
| SSRM | 63.7% | 63.7% | -30.2% | 24.3% |
| FSM | 42.0% | 39.8% | -19.6% | 23.6% |
Operating Margin Comparison
| LTM | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
| HL | 37.7% | 37.7% | 18.4% | 5.4% |
| PAAS | 31.4% | 31.4% | 12.4% | 3.6% |
| AG | 27.7% | 27.7% | 1.0% | -9.8% |
| CDE | 37.5% | 37.5% | 20.4% | 1.9% |
| SSRM | 28.8% | 28.8% | -18.0% | 19.8% |
| FSM | 38.7% | 39.0% | 24.4% | 14.2% |
PE Ratio Comparison
| LTM | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
| HL | 45.8 | 38.9 | 85.1 | -34.6 |
| PAAS | 26.6 | 20.2 | 65.6 | -51.4 |
| AG | 75.9 | 48.4 | -15.9 | -12.9 |
| CDE | 25.4 | 18.5 | 38.0 | -10.8 |
| SSRM | 15.9 | 11.2 | -5.4 | -22.5 |
| FSM | 12.5 | 10.5 | 10.3 | -22.4 |
Still not sure about HL stock? Consider portfolio approach.
Portfolios Beat Stock Picking
Single stocks swing wildly but staying invested matters. A well built portfolio helps you stay invested, captures upside and softens the blows from individual stocks.
Beating the market consistently is hard, but the Trefis High Quality (HQ) Portfolio makes it look achievable. By selecting 30 high-conviction stocks, the HQ strategy has historically outpaced the S&P 500, S&P Mid-cap, and Russell 2000. See how this curated selection delivers superior risk-adjusted returns in our detailed performance factsheet.