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Hudbay Minerals Valuation Multiples
Discover revenue and EBITDA valuation multiples for Hudbay Minerals and similar public comparables like Minas Buenaventura, New Gold, MP Materials, China Steel and more.
Hudbay Minerals Overview
About Hudbay Minerals
Hudbay Minerals Inc is a copper-focused critical minerals company with three long-life operations and a pipeline of copper growth projects in Canada, Peru, and the United States. Its operating portfolio includes the Constancia mine in Cusco (Peru), the Snow Lake operations in Manitoba (Canada), and the Copper Mountain mine in British Columbia (Canada). Copper is the primary metal produced by the company, which is complemented by gold, zinc, silver, and molybdenum production. Hudbay's growth pipeline includes the Copper World project and the Mason project in the USA, and the Llaguen project in Peru. The company's reportable segments are: Peru, which generates the maximum revenue, Manitoba, British Columbia, and Arizona. Geographically, it generates maximum revenue from China and Canada.
Founded
1996
HQ

Employees
2.8K
Website
Sectors
Financials (LTM)
EV
$11B
Hudbay Minerals Financials
Hudbay Minerals reported last 12-month revenue of $2B and EBITDA of $1B.
In the same LTM period, Hudbay Minerals generated $1B in gross profit, $1B in EBITDA, and $588M in net income.
Revenue (LTM)
Hudbay Minerals P&L
In the most recent fiscal year, Hudbay Minerals reported revenue of $2B and EBITDA of $1B.
Hudbay Minerals expects next 12-month revenue of XXX and NTM EBITDA of XXX
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue | $2B | XXX | $2B | XXX | XXX | XXX |
| Gross Profit | $1B | XXX | $743M | XXX | XXX | XXX |
| Gross Margin | 47% | XXX | 34% | XXX | XXX | XXX |
| EBITDA | $1B | XXX | $1B | XXX | XXX | XXX |
| EBITDA Margin | 50% | XXX | 65% | XXX | XXX | XXX |
| EBIT Margin | 40% | XXX | 39% | XXX | XXX | XXX |
| Net Profit | $588M | XXX | $569M | XXX | XXX | XXX |
| Net Margin | 25% | XXX | 26% | XXX | XXX | XXX |
| Net Debt | — | — | $440M | XXX | XXX | XXX |
Financial data powered by Morningstar, Inc.
Hudbay Minerals Stock Performance
Hudbay Minerals has current market cap of $11B, and enterprise value of $11B.
Market Cap Evolution
Hudbay Minerals' stock price is $26.74.
| EV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
|---|---|---|---|---|---|---|
| $11B | $11B | 0.0% | XXX | XXX | XXX | $1.43 |
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Start Free TrialHudbay Minerals Valuation Multiples
Hudbay Minerals trades at 4.7x EV/Revenue multiple, and 9.4x EV/EBITDA.
EV / Revenue (LTM)
Hudbay Minerals Financial Valuation Multiples
As of March 24, 2026, Hudbay Minerals has market cap of $11B and EV of $11B.
Equity research analysts estimate Hudbay Minerals' 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
Hudbay Minerals has a P/E ratio of 18.1x.
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Market cap (current) | $11B | XXX | $11B | XXX | XXX | XXX |
| EV (current) | $11B | XXX | $11B | XXX | XXX | XXX |
| EV/Revenue | 4.7x | XXX | 5.0x | XXX | XXX | XXX |
| EV/EBITDA | 9.4x | XXX | 7.7x | XXX | XXX | XXX |
| EV/EBIT | 11.8x | XXX | 12.8x | XXX | XXX | XXX |
| EV/Gross Profit | 10.0x | XXX | 14.9x | XXX | XXX | XXX |
| P/E | 18.1x | XXX | 18.7x | XXX | XXX | XXX |
| EV/FCF | 40.4x | XXX | 46.7x | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Verified Hudbay Minerals Valuation Multiples
Access all public comps and forward-looking valuation multiples like EV/Revenue in 2027, based on consensus analyst estimates. Powered by FactSet and Morningstar.


Hudbay Minerals Margins & Growth Rates
Hudbay Minerals' revenue in the last 12 month grew by 24%.
Hudbay Minerals' revenue per employee in the last FY averaged $0.8M.
Hudbay Minerals' rule of 40 is 74% (metric relevant for SaaS companies only, counted as combined revenue growth rate and EBITDA margin).
Hudbay Minerals' rule of X is 109% (created by Bessemer, rule of X is another metric to measure SaaS companies, ~1.5x stronger vs. the traditional Rule of 40, counted as revenue growth rate multiplied by 2.5 plus EBITDA margin).
Hudbay Minerals Operational Valuation Multiples
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue Growth | 24% | XXX | 27% | XXX | XXX | XXX |
| EBITDA Margin | 50% | XXX | 65% | XXX | XXX | XXX |
| EBITDA Growth | 40% | XXX | 10% | XXX | XXX | XXX |
| Rule of 40 | — | XXX | 74% | XXX | XXX | XXX |
| Bessemer Rule of X | — | XXX | 109% | XXX | XXX | XXX |
| Revenue per Employee | — | XXX | $0.8M | XXX | XXX | XXX |
| S&M Expenses to Revenue | — | XXX | 4% | XXX | XXX | XXX |
| G&A Expenses to Revenue | 5% | XXX | — | XXX | XXX | XXX |
| Opex to Revenue | — | XXX | 8% | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Hudbay Minerals Public Comps
See public comps and valuation multiples for other Metals & Mining comps.
| EV/Revenue | EV/EBITDA | |||||
|---|---|---|---|---|---|---|
| LTM | 2026E | 2027E | LTM | 2026E | 2027E | |
| Minas Buenaventura | XXX | XXX | XXX | XXX | XXX | XXX |
| New Gold | XXX | XXX | XXX | XXX | XXX | XXX |
| MP Materials | XXX | XXX | XXX | XXX | XXX | XXX |
| China Steel | XXX | XXX | XXX | XXX | XXX | XXX |
| OceanaGold | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc.
Hudbay Minerals M&A Activity
Hudbay Minerals acquired XXX companies to date.
Last acquisition by Hudbay Minerals was on XXXXXXXX, XXXXX. Hudbay Minerals acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Acquisitions by Hudbay Minerals
| Acquired Company | Valuation | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
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Start Free TrialHudbay Minerals Investment Activity
Hudbay Minerals invested in XXX companies to date.
Hudbay Minerals made its latest investment on XXXXXXXX, XXXXX. Hudbay Minerals invested in XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Investments by Hudbay Minerals
| Company | Valuation | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
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Start Free TrialAbout Hudbay Minerals
| When was Hudbay Minerals founded? | Hudbay Minerals was founded in 1996. |
| Where is Hudbay Minerals headquartered? | Hudbay Minerals is headquartered in Canada. |
| How many employees does Hudbay Minerals have? | As of today, Hudbay Minerals has over 2K employees. |
| Who is the CEO of Hudbay Minerals? | Hudbay Minerals' CEO is Peter Gerald Jan Kukielski. |
| Is Hudbay Minerals publicly listed? | Yes, Hudbay Minerals is a public company listed on NYSE. |
| What is the stock symbol of Hudbay Minerals? | Hudbay Minerals trades under HBM ticker. |
| When did Hudbay Minerals go public? | Hudbay Minerals went public in 2008. |
| Who are competitors of Hudbay Minerals? | Hudbay Minerals main competitors are Minas Buenaventura, New Gold, MP Materials, China Steel. |
| What is the current market cap of Hudbay Minerals? | Hudbay Minerals' current market cap is $11B. |
| What is the current revenue of Hudbay Minerals? | Hudbay Minerals' last 12 months revenue is $2B. |
| What is the current revenue growth of Hudbay Minerals? | Hudbay Minerals revenue growth (NTM/LTM) is 24%. |
| What is the current EV/Revenue multiple of Hudbay Minerals? | Current revenue multiple of Hudbay Minerals is 4.7x. |
| Is Hudbay Minerals profitable? | Yes, Hudbay Minerals is EBITDA-positive (as of the last 12 months). |
| What is the current EBITDA of Hudbay Minerals? | Hudbay Minerals' last 12 months EBITDA is $1B. |
| What is Hudbay Minerals' EBITDA margin? | Hudbay Minerals' last 12 months EBITDA margin is 50%. |
| What is the current EV/EBITDA multiple of Hudbay Minerals? | Current EBITDA multiple of Hudbay Minerals is 9.4x. |
| What is the current FCF of Hudbay Minerals? | Hudbay Minerals' last 12 months FCF is $275M. |
| What is Hudbay Minerals' FCF margin? | Hudbay Minerals' last 12 months FCF margin is 12%. |
| What is the current EV/FCF multiple of Hudbay Minerals? | Current FCF multiple of Hudbay Minerals is 40.4x. |
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