Also trades as: HBM.TO (TSX) · $vol 51M · 0AHJ.L (LSE) · $vol 0M

$23.39

+1.23 (+5.55%)

After Hours: $23.45 (+0.06, +0.28%)

Weekly Expected Move ±6.4%

$19 $21 $22 $23 $25

NYSE · Basic Materials · Copper · Tech Score Strong Sell · Power 37 · $10.4B mcap · 428M float · 1.08% daily turnover · Short 52% of daily vol

Credit Risk of going bust: higher than 51% of companies Debt: 8.5% of company value Bonds: $84.4M held by 94 funds, 163 bp over Treasuries → details ▾

If the stock fell to about $0.26 (down 99%), Hudbay Minerals Inc. would be worth roughly what it owes.
Total debt $912.1M against a stock market value of $9.84B.
Distance to default 4.99 (Merton model): prices to 2026-10-26, balance sheet 2026-06-30, debt counted $456.6M (short-term plus half of long-term), stock volatility 62.3%; Altman Z'' 3.75. A ranking and a back-test, not a forecast.
Bond figures are fund-reported marks (SEC N-PORT) as of Jul 2026. How these are computed.

Overview Chart Smart Money Financials Income Statement Cash Flow Balance Sheet Earnings

Analysis Technicals Weather Peers ESG Institutions ETF Exposure Dark Pool Short Interest

Edge Score

Quantitative competitive moat analysis scoring five pillars of durable advantage — cost leadership, brand intangibles, switching costs, network effects, and efficient scale — using industry percentile rankings on a 0–100 scale.

NARROW EDGE

56.7 / 100

NoneWeakNarrowWide

Primary source: Network Effects · ROIC: 13.3% · 5Y Avg: 4.0%

Cost Advantage

Intangibles

Switching Cost

Network Effect

Scale

The Edge Score quantifies a company's competitive moat using five pillars: Cost Advantage (20%, operating margin and SG&A efficiency vs industry peers), Intangible Assets (25%, gross margin premium, R&D intensity, brand pricing power), Switching Costs (25%, revenue stability, earnings consistency, customer retention proxied by operating leverage), Network Effects (15%, revenue growth with expanding margins, market share dominance), and Efficient Scale (15%, market concentration, ROIC sustainability). Each pillar is scored 0–100 using industry percentile rankings, then weighted into a composite. Wide ≥ 70, Narrow ≥ 55, Weak ≥ 40, None < 40. HBM has a Narrow competitive edge (56.7/100) — meaningful but not impregnable advantages over competitors. The primary source of advantage is Network Effects. ROIC of 13.3% suggests modest returns relative to capital deployed.

Analyst Insights

Wall Street analyst consensus based on price targets and buy/sell/hold recommendations from institutional research coverage over the trailing 12 months.

Analyst Price Targets

Low

$31

Avg Target

$31

High

Based on 2 analyst ratings (12 mo)

Analyst Recommendations

Strong Buy: 0Buy: 12Hold: 8Sell: 0Strong Sell: 0

Rating Summary

ConsensusBuy

Avg Target$31.00

Analysts2

Price Target Change History

Date	Firm	Analyst	Old	New	Change	Upside @ Call	Stock@Call
2026-07-15	Barclays	—	$30	$32	+2	+44.6%	$22.13
2026-05-21	Barclays	Richard Garchitorena	Initiated	$30	—	+21.3%	$24.74
2021-11-21	TD Securities	Greg Barnes	Initiated	$13	—	+88.1%	$6.91

Financial Rating

Composite financial health rating (A+ to F) based on discounted cash flow valuation, return on equity, return on assets, debt-to-equity leverage, and relative P/E and P/B multiples.

B+

Oct 27, 2026

DCF

ROE

ROA

D/E

P/E

P/B

The Financial Rating evaluates six fundamental factors — discounted cash flow (DCF) valuation, return on equity (ROE), return on assets (ROA), debt-to-equity leverage (D/E), and relative price-to-earnings (P/E) and price-to-book (P/B) multiples — each scored 1–5. HBM receives an overall rating of B+. Strongest factors: ROE (4/5), ROA (5/5). Areas of concern: D/E (2/5), P/E (2/5).

Rating Change History

Date	From	To
2026-10-26	A-	B+
2026-10-12	B+	A-
2026-10-01	A-	B+
2026-08-20	B+	A-
2026-08-17	A-	B+
2026-05-11	A	A-
2026-05-04	A-	A
2026-04-27	B+	A-
2026-04-01	A-	B+
2026-03-30	B+	A-

InsiderStreet Scorecard

Proprietary multi-factor scorecard rating companies across seven fundamental dimensions — profitability, balance sheet strength, earnings quality, growth, value, momentum, and safety — each scored 0–100.

★ ★ ★ ★ ★ 68 Grade A+

Profitability

Balance Sheet

Earnings Quality

Growth

Value

Momentum

Safety

Cash Flow

The InsiderStreet Scorecard rates companies across eight dimensions: Profitability (margins, ROA, ROE), Balance Sheet (leverage, liquidity, coverage), Earnings Quality (accruals, cash conversion), Growth (revenue and earnings trajectory), Value (P/E, P/B, earnings yield, Graham criteria), Momentum (revenue and earnings acceleration), Safety (Altman Z-Score risk adjustment), and Cash Flow (operating cash flow quality, FCF conversion, cash coverage). The overall score blends 35% quality, 35% value, and 30% momentum, with a penalty for distress-zone Altman scores. HBM scores highest in Momentum (90/100) and lowest in Cash Flow (36/100). An overall grade of A+ places HBM among the highest-quality companies in its peer group.

Risk & Quality Signals

Academic financial models used by institutional investors to assess bankruptcy risk, earnings manipulation, financial strength, and credit quality.

Altman Z-Score

3.09

Safe Zone

Piotroski F-Score

7/9

✓ ✓ ✓ ✓ ✓ ✓ ✗ ✓ ✗

Beneish M-Score

-2.47

Unlikely Manipulator

Ohlson O-Score

-9.53

Bankruptcy prob: 0.0%

Low Risk

Credit Rating

Score: 88.6/100

Trend: Improving

Earnings Quality

100/100

OCF/NI: 1.17x

Accruals: -1.6%

The Altman Z-Score (1968) combines five ratios — working capital, retained earnings, EBIT, market value of equity, and sales, all relative to total assets or liabilities — into a single bankruptcy predictor. HBM scores 3.09, placing it in the Safe Zone (safe > 2.99, distress < 1.81). Bankruptcy is statistically unlikely within the next two years. The Piotroski F-Score (2000) is a 9-point binary checklist — four profitability tests (positive ROA, positive cash flow, improving ROA, cash flow exceeding net income), three leverage tests (declining debt ratio, improving current ratio, no share dilution), and two efficiency tests (improving gross margin, improving asset turnover). Each pass scores 1 point. HBM scores 7/9, signaling strong financial health across all three dimensions. The Beneish M-Score (1999) is an 8-variable model that detects earnings manipulation by comparing year-over-year changes in receivables, gross margins, asset quality, sales growth, depreciation, SG&A, leverage, and accruals. Scores above −1.78 statistically resemble past manipulators. HBM's score of -2.47 falls below this threshold, suggesting earnings are unlikely to be manipulated. The Ohlson O-Score (1980) is a 9-variable logistic regression that estimates bankruptcy probability using firm size, leverage, working capital, current ratio, profitability (ROA), cash flow coverage, negative equity flag, consecutive losses flag, and earnings trajectory. The raw score is converted to a probability via logistic transformation. HBM's implied 0.0% bankruptcy probability is well within safe territory. Our Credit Rating model scores companies on five weighted components — solvency (30%), earning power (25%), leverage (20%), liquidity (15%), and cash flow quality (10%) — then blends the absolute score with sector and industry peer rankings. For companies with large buyback programs, equity is adjusted by adding back cumulative 5-year repurchases (capped at 80% of FCF generated) to avoid penalizing shareholder-friendly capital allocation. HBM receives an estimated rating of AA (score: 88.6/100), with a improving trend. The Earnings Quality score measures how well reported earnings are backed by real cash. It evaluates the operating cash flow to net income ratio (OCF/NI ≥ 1.0 means every dollar of earnings is cash-backed) and the accruals ratio (the gap between earnings and cash flow relative to assets — lower is better). HBM's score of 100/100 is high — cash flows strongly support reported earnings.

Valuation

Key valuation multiples comparing the stock's market price to its earnings, revenue, book value, and cash flows. Lower multiples may indicate relative undervaluation versus peers.

P/E

13.78x

PEG

0.10x

P/S

4.16x

P/B

1.95x

P/FCF

38.52x

P/OCF

12.05x

EV/EBITDA

5.74x

EV/Revenue

3.80x

EV/EBIT

7.74x

EV/FCF

38.40x

Earnings Yield

7.11%

FCF Yield

2.60%

Shareholder Yield

0.09%

Graham Number

$21.21

Equity-based multiples (P/E, P/B, P/FCF) compare the stock price to per-share fundamentals and are affected by capital structure. Enterprise value multiples (EV/EBITDA, EV/Revenue, EV/FCF) strip out debt and cash, making them more useful for cross-company comparisons regardless of how companies are financed. The Graham Number — √(22.5 × EPS × Book Value) — is Benjamin Graham's formula for the maximum price a defensive investor should pay. At 13.8x earnings, HBM trades at a reasonable valuation. An earnings yield of 7.1% exceeds typical risk-free rates, suggesting equities are being compensated for risk. Graham's intrinsic value formula yields $21.21 per share, 10% below the current price.

DuPont Decomposition (5-Factor)

The 5-factor DuPont framework breaks Return on Equity into its component drivers — tax efficiency, interest burden, operating profitability, asset utilization, and financial leverage — to reveal what truly drives shareholder returns.

Tax Burden

0.581

NI / EBT

Interest Burden

0.949

EBT / EBIT

EBIT Margin

0.491

EBIT / Rev

Asset Turnover

0.364

Rev / Assets

Equity Multiplier

1.787

Assets / Equity

ROE

17.6%

The 5-factor DuPont identity decomposes ROE as: Tax Burden × Interest Burden × EBIT Margin × Asset Turnover × Equity Multiplier = ROE. This reveals whether returns are driven by operating performance, financial leverage, or tax efficiency — three very different sources of profitability. HBM's ROE of 17.6% is driven by a balanced combination of operating margin, asset efficiency, and leverage. A tax burden ratio of 0.58 suggests the company retains less than 60% of pre-tax earnings after taxes.

Graham-Dodd Adjusted Valuation

Our adaptation of Graham's growth formula (Fair P/E = 8.5 + 2g) from The Intelligent Investor. The classic version relies on analyst growth projections, which can be unreliable. This adjusted model substitutes the company's realized 3-year EPS CAGR — a backward-looking, verifiable measure of actual earnings power — grounding the valuation in demonstrated performance rather than forecasts.

Two adjustments we make, and why. Growth is capped at 15%. Graham defined g as expected growth over the next seven to ten years, not last year's rate. Across US companies since 1994 the median realized 7-year EPS growth is 5–8% regardless of how fast a company grew beforehand, and of 4,457 company-quarters that grew faster than 200%, none sustained it. Uncapped, the formula assigned fair multiples in the hundreds to companies that had never held that rate — and scored worse than simply reading the P/E. Capped, it carries real information. The verdict has three states, not two. Tested over 377,249 stock-months, this ratio only separates outcomes at its extremes: below 0.25 beat the universe by 1.3 points a year, above 3.0 lagged by 2.7, and everything in between sat inside a one-point band. Rather than call two-thirds of the market "undervalued" on a threshold of 1.0, we say Neutral where the model cannot tell — which is most of the time.

Adj. Growth Rate

15.00%

Fair P/E

38.50x

Intrinsic Value

$64.62

Price/Value

0.37x

Margin of Safety

63.46%

Premium

-63.46%

Assessment

Neutral

Graham's classic formula uses analyst-projected growth to estimate a fair P/E (8.5 + 2g). Our adjusted version replaces that projection with HBM's realized 15.0% 3-year EPS CAGR, capped at 15% — demonstrated performance rather than forecasts, held to a rate companies have historically sustained. HBM trades at a -63% premium to its adjusted intrinsic value of $64.62, suggesting the market is pricing in future growth beyond what historical earnings support. The adjusted fair P/E of 38.5x compares to the current market P/E of 13.8x.

Profitability Trends

Historical profitability ratios tracking how efficiently the company converts revenue into returns for shareholders over time.

Leverage & Solvency Trends

Debt and liquidity metrics showing the company's financial leverage and ability to meet short-term and long-term obligations.

Efficiency & Working Capital Trends

Operating efficiency metrics measuring how quickly the company converts inventory to sales, collects receivables, and manages its cash conversion cycle.

Growth Trends (YoY %)

Year-over-year growth rates for key financial metrics, showing the trajectory of revenue, earnings, and cash flow generation.

Earnings Stability

R-squared of linear regression measuring how predictably revenue, earnings, and margins follow a trend over the trailing 5 years. 1.0 = perfectly predictable; lower values indicate erratic or cyclical behavior.

Monte Carlo Price Simulation

Geometric Brownian Motion with 1,000 antithetic paths over 1 year, seeded from 1800 days of historical volatility. Percentile bands show the range of statistically plausible outcomes — this is a statistical model, not a forecast.

Current Price

$23.39

Median 1Y

$25.92

5th Pctile

$9.87

95th Pctile

$68.40

Ann. Volatility

60.3%

25th–75th percentile 5th–95th percentile Median path Historical

Workforce & Productivity

Workforce efficiency metrics measuring revenue, profit, and R&D spend per employee — key indicators of operational leverage and human capital productivity.

Employees

—

Revenue / Employee

—

Rev: $2,201,373,222

Profit / Employee

—

NI: $578,451,895

SGA / Employee

—

Avg labor cost proxy

Scaling Efficiency

All Ratios & Metrics

Complete fundamental data with up to 20 periods of history, sparkline trends, and current values across 13 categories and 130+ financial metrics.

Profitability

Metric	Q3'21	Q4'21	Q1'22	Q2'22	Q3'22	Q4'22	Q1'23	Q2'23	Q3'23	Q4'23	Q1'24	Q2'24	Q3'24	Q4'24	Q1'25	Q2'25	Q3'25	Q4'25	Q1'26	Q2'26	Current
ROE	-14.3%	-15.4%	-7.5%	-5.2%	5.1%	4.6%	0.8%	-1.9%	1.0%	3.6%	4.5%	3.6%	3.8%	3.3%	6.5%	10.8%	16.4%	19.7%	21.2%	17.6%	17.63%
ROA	-5.0%	-5.3%	-2.7%	-1.9%	1.8%	1.6%	0.3%	-0.7%	0.4%	1.4%	1.7%	1.5%	1.6%	1.4%	2.9%	5.2%	8.1%	9.7%	10.6%	9.9%	9.86%
ROIC	-0.4%	0.6%	3.2%	2.8%	6.4%	6.1%	2.7%	2.3%	1.9%	4.2%	4.6%	4.2%	4.3%	3.4%	6.1%	9.6%	13.6%	14.7%	17.0%	13.3%	13.35%
ROCE	-4.1%	-2.9%	0.9%	1.1%	4.9%	4.7%	2.8%	1.3%	3.1%	5.4%	6.7%	7.2%	7.0%	7.5%	9.2%	13.4%	17.7%	20.0%	20.1%	16.4%	16.42%
Gross Margin	-23.8%	47.5%	22.5%	21.5%	9.4%	45.0%	22.5%	7.3%	22.1%	52.9%	29.0%	18.2%	28.8%	52.4%	38.9%	32.9%	18.8%	36.9%	48.6%	41.0%	40.99%
Operating Margin	-32.8%	9.1%	33.2%	11.1%	5.9%	7.0%	17.8%	-0.1%	24.0%	21.6%	21.3%	10.5%	21.8%	23.6%	31.2%	28.5%	96.7%	29.6%	40.0%	36.3%	36.29%
Net Margin	-47.5%	-2.5%	16.9%	7.7%	-2.3%	-5.4%	1.8%	-4.8%	9.4%	5.1%	4.2%	-3.9%	10.2%	3.6%	16.9%	21.9%	64.1%	17.5%	25.1%	20.6%	20.57%
EBITDA Margin	-11.7%	24.3%	49.5%	30.3%	30.9%	33.3%	34.6%	24.4%	45.6%	43.5%	39.1%	29.2%	40.1%	46.8%	50.8%	50.9%	1.2%	58.9%	60.9%	50.1%	50.10%
FCF Margin	1.5%	0.5%	3.2%	9.0%	11.0%	12.2%	12.6%	3.6%	3.2%	11.6%	13.9%	17.6%	15.9%	15.9%	13.2%	16.4%	15.4%	10.8%	11.6%	9.9%	9.90%
OCF Margin	29.2%	25.6%	25.2%	29.4%	31.8%	33.4%	36.0%	27.8%	23.7%	28.2%	28.4%	32.5%	32.1%	33.0%	31.2%	35.1%	35.9%	32.0%	33.3%	31.6%	31.65%
ROE 3Y Avg	snapshot only																				9.15%
ROE 5Y Avg	snapshot only																				4.08%
ROA 3Y Avg	snapshot only																				5.00%
ROIC 3Y Avg	snapshot only																				6.85%
ROIC Economic	snapshot only																				11.25%
Cash ROA	snapshot only																				9.78%
Cash ROIC	snapshot only																				16.53%
CROIC	snapshot only																				5.17%
NOPAT Margin	snapshot only																				25.56%
Pretax Margin	snapshot only																				46.66%
R&D / Revenue	snapshot only																				0.00%
SGA / Revenue	snapshot only																				4.65%
SBC / Revenue	snapshot only																				2.84%

Valuation

Metric	Q3'21	Q4'21	Q1'22	Q2'22	Q3'22	Q4'22	Q1'23	Q2'23	Q3'23	Q4'23	Q1'24	Q2'24	Q3'24	Q4'24	Q1'25	Q2'25	Q3'25	Q4'25	Q1'26	Q2'26	Current
P/E Ratio	-7.14	-7.71	-16.98	-12.51	13.57	18.76	114.10	-37.12	92.42	28.92	29.43	40.72	41.96	41.58	19.38	14.52	13.03	13.97	12.66	14.07	13.775
P/S Ratio	1.16	1.25	1.31	0.67	0.67	0.90	1.00	1.02	1.19	1.14	1.28	1.64	1.78	1.58	1.43	1.91	2.92	3.59	3.51	3.81	4.156
P/B Ratio	1.08	1.27	1.31	0.66	0.67	0.84	0.87	0.65	0.83	0.92	1.16	1.34	1.43	1.25	1.13	1.47	1.95	2.46	2.35	1.98	1.945
P/FCF	79.61	232.09	40.55	7.49	6.10	7.38	7.89	28.55	37.15	9.81	9.19	9.27	11.18	9.94	10.89	11.59	18.97	33.32	30.16	38.52	38.517
P/OCF	3.95	4.91	5.17	2.29	2.11	2.71	2.77	3.67	5.04	4.03	4.49	5.03	5.52	4.77	4.59	5.43	8.13	11.22	10.54	12.05	12.054
EV/EBITDA	13.48	12.59	8.12	5.49	3.83	4.44	5.43	6.59	5.76	4.62	4.63	4.98	5.48	4.74	4.04	4.51	5.09	5.89	5.26	5.74	5.738
EV/Revenue	1.84	1.91	1.97	1.30	1.28	1.60	1.74	2.03	2.06	1.80	1.84	1.99	2.12	1.87	1.73	2.14	3.16	3.83	3.54	3.80	3.804
EV/EBIT	-15.30	-24.26	86.26	48.86	10.71	12.87	21.69	43.60	19.66	11.87	11.12	11.31	12.35	10.27	7.75	7.63	7.51	8.49	7.22	7.74	7.740
EV/FCF	126.57	353.78	61.26	14.52	11.64	13.08	13.79	56.66	64.13	15.57	13.26	11.27	13.32	11.81	13.14	13.00	20.53	35.52	30.38	38.40	38.405
Earnings Yield	-14.0%	-13.0%	-5.9%	-8.0%	7.4%	5.3%	0.9%	-2.7%	1.1%	3.5%	3.4%	2.5%	2.4%	2.4%	5.2%	6.9%	7.7%	7.2%	7.9%	7.1%	7.11%
FCF Yield	1.3%	0.4%	2.5%	13.3%	16.4%	13.5%	12.7%	3.5%	2.7%	10.2%	10.9%	10.8%	8.9%	10.1%	9.2%	8.6%	5.3%	3.0%	3.3%	2.6%	2.60%
PEG Ratio	snapshot only																				0.105
Price/Tangible Book	snapshot only																				2.014
EV/OCF	snapshot only																				12.019
EV/Gross Profit	snapshot only																				9.754
Acquirers Multiple	snapshot only																				8.673
Shareholder Yield	snapshot only																				0.09%
Graham Number	snapshot only																				$21.21

Leverage & Solvency

Metric	Q3'21	Q4'21	Q1'22	Q2'22	Q3'22	Q4'22	Q1'23	Q2'23	Q3'23	Q4'23	Q1'24	Q2'24	Q3'24	Q4'24	Q1'25	Q2'25	Q3'25	Q4'25	Q1'26	Q2'26	Current
Current Ratio	1.38	1.29	1.35	1.41	1.24	1.17	1.21	0.90	1.26	1.25	1.40	1.86	1.86	1.95	2.32	1.03	0.97	0.95	1.36	2.24	2.244
Quick Ratio	1.06	0.98	0.92	0.97	0.92	0.82	0.82	0.53	0.78	0.87	1.00	1.49	1.47	1.58	1.92	0.86	0.76	0.78	1.20	1.93	1.930
Debt/Equity	0.84	0.85	0.81	0.78	0.80	0.79	0.81	0.73	0.73	0.66	0.65	0.50	0.46	0.46	0.45	0.40	0.36	0.34	0.30	0.19	0.190
Net Debt/Equity	0.64	0.67	0.67	0.62	0.61	0.65	0.65	0.64	0.60	0.54	0.52	0.29	0.27	0.24	0.23	0.18	0.16	0.16	0.02	-0.01	-0.006
Debt/Assets	0.28	0.27	0.28	0.29	0.29	0.29	0.29	0.28	0.28	0.26	0.26	0.23	0.21	0.22	0.22	0.20	0.19	0.18	0.15	0.11	0.113
Debt/EBITDA	6.56	5.52	3.31	3.35	2.37	2.36	2.90	3.75	2.93	2.09	1.80	1.53	1.50	1.48	1.34	1.09	0.87	0.76	0.67	0.55	0.553
Net Debt/EBITDA	5.00	4.33	2.75	2.66	1.83	1.93	2.32	3.27	2.42	1.71	1.42	0.88	0.88	0.75	0.69	0.49	0.39	0.36	0.04	-0.02	-0.017
Interest Coverage	-1.90	-1.44	0.46	0.54	2.52	2.43	1.49	0.79	1.82	2.95	3.46	3.64	3.69	4.16	5.53	7.94	11.48	13.45	16.03	17.67	17.670
Equity Multiplier	3.02	3.13	2.91	2.74	2.73	2.75	2.77	2.62	2.57	2.53	2.48	2.19	2.17	2.15	2.08	1.97	1.92	1.93	1.95	1.68	1.681
Cash Ratio	snapshot only																				1.557
Debt Service Coverage	snapshot only																				23.836
Cash to Debt	snapshot only																				1.030
FCF to Debt	snapshot only																				0.270

Efficiency & Turnover

Metric	Q3'21	Q4'21	Q1'22	Q2'22	Q3'22	Q4'22	Q1'23	Q2'23	Q3'23	Q4'23	Q1'24	Q2'24	Q3'24	Q4'24	Q1'25	Q2'25	Q3'25	Q4'25	Q1'26	Q2'26	Current
Asset Turnover	0.31	0.32	0.34	0.35	0.36	0.33	0.31	0.26	0.30	0.35	0.40	0.38	0.38	0.37	0.39	0.40	0.36	0.38	0.38	0.36	0.364
Inventory Turnover	9.18	8.29	6.72	7.40	8.68	7.08	5.40	4.88	5.78	6.49	6.78	6.79	6.23	6.65	6.96	7.70	6.29	7.41	8.34	8.58	8.581
Receivables Turnover	13.75	10.95	11.39	14.31	28.72	11.66	12.83	22.11	26.98	13.31	17.09	20.54	13.13	11.59	11.41	12.20	11.76	8.47	9.39	13.35	13.355
Payables Turnover	7.37	13.24	6.93	6.05	5.97	13.20	5.41	4.56	4.83	15.36	6.00	6.08	5.48	19.78	5.48	5.55	4.90	19.40	5.00	5.25	5.254
DSO	27	33	32	26	13	31	28	17	14	27	21	18	28	32	32	30	31	43	39	27	27.3 days
DIO	40	44	54	49	42	52	68	75	63	56	54	54	59	55	52	47	58	49	44	43	42.5 days
DPO	50	28	53	60	61	28	67	80	76	24	61	60	67	18	67	66	74	19	73	69	69.5 days
Cash Conversion Cycle	17	50	34	15	-6	55	29	11	1	60	14	11	20	68	18	12	15	74	10	0	0.4 days
Fixed Asset Turnover	snapshot only																				0.402
Operating Cycle	snapshot only																				69.9 days
Cash Velocity	snapshot only																				2.647
Capital Intensity	snapshot only																				3.236

Growth (YoY)

Metric	Q3'21	Q4'21	Q1'22	Q2'22	Q3'22	Q4'22	Q1'23	Q2'23	Q3'23	Q4'23	Q1'24	Q2'24	Q3'24	Q4'24	Q1'25	Q2'25	Q3'25	Q4'25	Q1'26	Q2'26	Current
Revenue	27.8%	37.5%	35.0%	16.4%	11.9%	-2.7%	-12.1%	-19.2%	-10.0%	15.6%	39.3%	59.5%	44.7%	19.6%	8.9%	8.3%	1.2%	9.4%	13.5%	13.0%	12.99%
Net Income	-47.6%	-69.0%	6.3%	-6.1%	1.3%	1.3%	1.1%	58.7%	-76.5%	-5.7%	5.9%	3.3%	3.7%	15.5%	85.9%	2.5%	4.4%	6.4%	3.3%	1.3%	1.33%
EPS	-47.5%	-68.9%	6.6%	-5.7%	1.3%	1.3%	1.1%	60.2%	-82.2%	-29.2%	4.2%	2.7%	3.2%	2.3%	64.9%	2.3%	4.3%	6.3%	3.2%	1.3%	1.30%
FCF	1.2%	1.1%	1.5%	2.4%	7.5%	21.0%	2.4%	-67.8%	-73.7%	9.5%	53.2%	6.9%	6.1%	63.8%	3.3%	0.9%	-2.0%	-25.7%	0.4%	-31.9%	-31.93%
EBITDA	-23.3%	6.3%	70.7%	14.3%	1.7%	1.3%	16.2%	4.6%	-3.6%	25.2%	72.6%	1.1%	56.0%	21.1%	17.4%	28.7%	62.7%	80.0%	78.2%	57.9%	57.93%
Op. Income	65.8%	1.5%	1.6%	-26.3%	18.7%	10.7%	34.4%	2.7%	-17.7%	38.6%	1.5%	3.2%	1.1%	34.7%	33.0%	45.1%	1.1%	1.2%	1.1%	87.3%	87.30%
OCF Growth	snapshot only																				1.90%
Asset Growth	snapshot only																				43.06%
Equity Growth	snapshot only																				67.34%
Debt Growth	snapshot only																				-19.76%
Shares Change	snapshot only																				1.56%
Dividend Growth	snapshot only																				44.68%

Growth (CAGR)

Metric	Q3'21	Q4'21	Q1'22	Q2'22	Q3'22	Q4'22	Q1'23	Q2'23	Q3'23	Q4'23	Q1'24	Q2'24	Q3'24	Q4'24	Q1'25	Q2'25	Q3'25	Q4'25	Q1'26	Q2'26	Current
Revenue 3Y	-3.1%	0.6%	4.3%	5.6%	7.4%	5.7%	5.0%	6.0%	8.8%	15.7%	18.3%	14.4%	13.4%	10.4%	10.1%	11.7%	9.6%	14.8%	19.9%	25.0%	24.97%
Revenue 5Y	4.0%	5.9%	6.6%	5.4%	4.2%	1.3%	-1.6%	-3.7%	-1.8%	2.7%	6.8%	8.7%	10.0%	10.3%	11.9%	15.5%	13.5%	15.1%	15.4%	12.9%	12.90%
EPS 3Y	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	57.9%	74.3%	2.3%	—	—
EPS 5Y	—	—	—	—	—	-13.7%	-42.9%	—	-40.9%	-10.3%	15.2%	—	—	—	—	—	—	—	—	—	—
Net Income 3Y	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	81.4%	1.0%	2.8%	—	—
Net Income 5Y	—	—	—	—	—	-13.6%	-42.9%	—	-37.4%	-4.9%	22.2%	—	—	—	—	—	—	—	—	—	—
EBITDA 3Y	-33.0%	-26.5%	-7.4%	-1.7%	2.3%	—	—	—	26.6%	45.4%	50.7%	35.3%	60.4%	51.9%	33.0%	40.7%	34.7%	39.7%	53.4%	61.4%	61.45%
EBITDA 5Y	9.7%	-12.7%	-3.6%	-5.4%	0.6%	-1.3%	-7.3%	-10.0%	-4.5%	2.8%	9.7%	15.5%	1.2%	—	—	—	38.8%	46.3%	48.3%	38.2%	38.16%
Gross Profit 3Y	-27.4%	-11.7%	-1.4%	5.7%	28.5%	12.7%	24.7%	32.0%	39.9%	61.6%	45.1%	31.0%	60.5%	39.1%	38.5%	43.1%	24.0%	28.3%	38.2%	53.9%	53.86%
Gross Profit 5Y	-3.4%	2.5%	3.2%	1.3%	5.0%	-1.2%	-5.7%	-10.4%	-4.8%	7.1%	15.1%	21.5%	29.0%	22.5%	34.5%	49.1%	44.4%	43.6%	35.0%	27.2%	27.22%
Op. Income 3Y	—	-60.6%	-21.7%	-12.1%	—	—	—	—	—	—	1.1%	47.4%	—	1.8%	65.3%	84.7%	52.2%	60.8%	92.6%	1.3%	1.26%
Op. Income 5Y	—	-36.0%	-12.5%	-17.9%	-4.2%	-8.5%	-18.2%	-24.4%	-11.7%	-0.1%	10.3%	24.2%	—	—	—	—	—	—	90.6%	54.1%	54.14%
FCF 3Y	-56.7%	-69.6%	-39.1%	-14.1%	12.3%	49.3%	—	—	—	—	—	—	1.5%	2.4%	76.1%	36.7%	22.6%	10.0%	16.7%	75.5%	75.51%
FCF 5Y	-33.7%	-50.8%	-29.8%	-13.3%	-13.0%	-9.2%	-10.6%	-30.6%	-28.9%	-7.5%	3.6%	9.9%	21.6%	43.0%	—	—	—	—	—	—	—
OCF 3Y	-4.6%	-7.2%	-1.2%	3.4%	12.5%	15.8%	23.7%	24.0%	14.8%	25.8%	24.5%	23.9%	17.0%	20.3%	18.2%	18.5%	14.2%	13.2%	16.8%	30.4%	30.45%
OCF 5Y	0.2%	-4.2%	-4.0%	-0.6%	-2.0%	-2.0%	-2.4%	-7.6%	-6.7%	-0.1%	5.9%	9.5%	13.4%	16.3%	20.1%	32.9%	27.4%	24.2%	22.9%	17.8%	17.79%
Assets 3Y	-1.3%	-0.5%	-1.3%	-2.5%	-1.0%	-1.0%	0.0%	5.2%	4.4%	4.4%	4.8%	5.9%	6.9%	5.9%	6.7%	8.6%	11.6%	12.8%	16.5%	15.4%	15.45%
Assets 5Y	0.1%	0.7%	0.8%	0.1%	-1.5%	-1.4%	-1.4%	2.2%	2.2%	2.5%	2.1%	2.8%	4.7%	4.3%	4.8%	4.6%	5.2%	5.9%	8.7%	11.9%	11.91%
Equity 3Y	-12.1%	-12.2%	-10.3%	-9.0%	-5.7%	-5.3%	-4.0%	5.4%	6.5%	7.2%	8.3%	14.4%	19.4%	20.0%	19.3%	21.3%	25.5%	27.1%	31.0%	33.8%	33.84%
Book Value 3Y	-12.1%	-12.2%	-10.4%	-9.2%	-5.7%	-5.3%	-4.1%	4.0%	-3.1%	-2.6%	-1.9%	2.0%	4.1%	4.7%	4.0%	5.8%	9.2%	10.4%	14.0%	17.5%	17.53%
Dividend 3Y	3.2%	3.1%	0.4%	0.4%	-0.9%	-0.9%	-2.2%	-3.3%	-6.0%	-6.1%	-0.3%	-2.0%	-6.6%	-6.5%	-9.8%	-9.8%	-12.3%	-12.7%	-13.3%	-0.2%	-0.17%

Growth Quality

Metric	Q3'21	Q4'21	Q1'22	Q2'22	Q3'22	Q4'22	Q1'23	Q2'23	Q3'23	Q4'23	Q1'24	Q2'24	Q3'24	Q4'24	Q1'25	Q2'25	Q3'25	Q4'25	Q1'26	Q2'26	Current
Revenue Stability	0.02	0.12	0.31	0.34	0.32	0.10	0.00	0.02	0.00	0.21	0.40	0.38	0.62	0.87	0.82	0.78	0.85	0.99	0.94	0.82	0.816
Earnings Stability	0.06	0.44	0.25	0.19	0.03	0.10	0.08	0.07	0.01	0.09	0.21	0.33	0.80	0.79	0.91	0.88	0.77	0.74	0.79	0.81	0.814
Margin Stability	0.59	0.73	0.84	0.75	0.60	0.68	0.70	0.66	0.60	0.65	0.74	0.74	0.61	0.72	0.64	0.54	0.62	0.64	0.71	0.71	0.708
Rev. Growth Consistency	0.50	0.50	0.50	1.00	1.00	0.00	0.00	0.00	0.00	0.50	0.50	0.50	0.50	1.00	1.00	1.00	1.00	1.00	1.00	1.00	1.000
Earn. Growth Consistency	0.00	0.00	1.00	0.00	0.50	0.50	1.00	0.50	0.00	0.00	1.00	1.00	0.50	0.50	1.00	1.00	1.00	1.00	1.00	1.00	1.000
FCF Positive Streak	0	0	0	0	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1
Earnings Persistence	0.81	0.50	0.97	0.98	0.20	0.20	0.20	0.50	0.50	0.50	0.50	0.20	0.50	0.94	0.50	0.50	0.50	0.50	0.50	0.50	0.500
Earnings Smoothness	—	—	—	—	—	—	—	—	0.00	0.94	0.00	—	0.00	0.86	0.40	0.00	0.00	0.00	0.00	0.20	0.199
ROE Trend	-0.01	-0.03	0.08	0.09	0.17	0.17	0.08	0.03	0.06	0.09	0.07	0.07	0.00	-0.01	0.03	0.09	0.13	0.15	0.14	0.07	0.074
Gross Margin Trend	-0.01	0.01	0.02	0.02	0.15	0.10	0.07	0.01	0.05	0.10	0.10	0.13	0.09	0.06	0.08	0.12	0.09	0.02	0.03	0.04	0.035
FCF Margin Trend	0.02	0.04	0.08	0.16	0.15	0.18	0.16	0.03	-0.03	0.05	0.06	0.11	0.09	0.04	-0.00	0.06	0.06	-0.03	-0.02	-0.07	-0.071
Sustainable Growth Rate	—	—	—	—	4.8%	4.4%	0.5%	—	0.8%	3.4%	4.2%	3.4%	3.5%	3.1%	6.3%	10.6%	16.2%	19.5%	21.1%	17.4%	17.41%
Internal Growth Rate	—	—	—	—	1.7%	1.5%	0.2%	—	0.3%	1.3%	1.7%	1.5%	1.5%	1.3%	2.9%	5.4%	8.7%	10.6%	11.7%	10.8%	10.79%

Cash Flow Quality

Metric	Q3'21	Q4'21	Q1'22	Q2'22	Q3'22	Q4'22	Q1'23	Q2'23	Q3'23	Q4'23	Q1'24	Q2'24	Q3'24	Q4'24	Q1'25	Q2'25	Q3'25	Q4'25	Q1'26	Q2'26	Current
OCF/Net Income	-1.81	-1.57	-3.28	-5.47	6.43	6.93	41.23	-10.12	18.35	7.18	6.55	8.09	7.59	8.71	4.22	2.67	1.60	1.24	1.20	1.17	1.167
FCF/OCF	0.05	0.02	0.13	0.31	0.35	0.37	0.35	0.13	0.14	0.41	0.49	0.54	0.49	0.48	0.42	0.47	0.43	0.34	0.35	0.31	0.313
FCF/Net Income	snapshot only																				0.365
OCF/EBITDA	snapshot only																				0.477
CapEx/Revenue	27.8%	25.0%	22.0%	20.5%	20.8%	21.1%	23.4%	24.3%	20.5%	16.6%	14.5%	14.9%	16.3%	17.2%	18.1%	18.7%	20.5%	21.2%	21.7%	21.7%	21.74%
CapEx/Depreciation	snapshot only																				1.268
Accruals Ratio	-0.14	-0.14	-0.11	-0.12	-0.10	-0.09	-0.11	-0.08	-0.07	-0.09	-0.10	-0.11	-0.11	-0.11	-0.09	-0.09	-0.05	-0.02	-0.02	-0.02	-0.016
Sloan Accruals	snapshot only																				0.043
Cash Flow Adequacy	snapshot only																				1.433
Earnings Quality Score	snapshot only																				1.000

Dividends & Buybacks

Metric	Q3'21	Q4'21	Q1'22	Q2'22	Q3'22	Q4'22	Q1'23	Q2'23	Q3'23	Q4'23	Q1'24	Q2'24	Q3'24	Q4'24	Q1'25	Q2'25	Q3'25	Q4'25	Q1'26	Q2'26	Current
Dividend Yield	0.3%	0.2%	0.2%	0.4%	0.4%	0.3%	0.3%	0.3%	0.3%	0.2%	0.2%	0.2%	0.2%	0.2%	0.2%	0.1%	0.1%	0.1%	0.1%	0.1%	0.12%
Dividend/Share	$0.02	$0.02	$0.02	$0.02	$0.02	$0.02	$0.01	$0.01	$0.01	$0.01	$0.01	$0.01	$0.01	$0.01	$0.01	$0.01	$0.01	$0.01	$0.01	$0.02	$0.03
Payout Ratio	—	—	—	—	5.2%	5.8%	32.3%	—	24.5%	6.7%	6.2%	6.3%	6.4%	7.2%	3.7%	2.0%	1.2%	1.0%	0.9%	1.2%	1.24%
FCF Payout Ratio	20.4%	51.1%	8.2%	2.9%	2.3%	2.3%	2.2%	8.5%	9.9%	2.3%	1.9%	1.4%	1.7%	1.7%	2.1%	1.6%	1.8%	2.3%	2.0%	3.4%	3.40%
Total Payout Ratio	—	—	—	—	5.2%	5.8%	32.3%	—	25.6%	7.0%	6.4%	6.3%	6.4%	7.2%	3.7%	2.0%	1.2%	1.0%	0.9%	1.2%	1.24%
Div. Increase Streak	0	0	1	1	0	0	0	0	0	0	0	0	1	1	1	1	1	1	0	1	1
Chowder Number	0.10	0.10	0.02	0.02	-0.02	-0.02	-0.06	-0.06	0.11	0.11	0.33	0.33	0.23	0.23	0.11	0.11	0.02	0.02	-0.01	0.47	0.470
Buyback Yield	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.00%
Net Buyback Yield	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	-0.0%	0.0%	0.0%	0.0%	0.0%	-11.6%	-10.7%	-12.5%	-13.3%	-0.4%	-0.3%	-0.3%	-0.3%	-0.2%	-0.20%
Total Shareholder Return	0.3%	0.2%	0.2%	0.4%	0.4%	0.3%	0.3%	0.3%	0.3%	0.2%	0.2%	-11.5%	-10.5%	-12.3%	-13.1%	-0.2%	-0.2%	-0.2%	-0.2%	-0.1%	-0.11%

DuPont Factors

Metric	Q3'21	Q4'21	Q1'22	Q2'22	Q3'22	Q4'22	Q1'23	Q2'23	Q3'23	Q4'23	Q1'24	Q2'24	Q3'24	Q4'24	Q1'25	Q2'25	Q3'25	Q4'25	Q1'26	Q2'26	Current
Tax Burden (NI/EBT)	1.12	1.21	2.72	2.26	0.70	0.73	0.49	1.26	0.32	0.44	0.41	0.35	0.38	0.30	0.44	0.57	0.61	0.62	0.61	0.58	0.581
Interest Burden (EBT/EBIT)	1.20	1.71	-1.24	-0.89	0.59	0.53	0.22	-0.47	0.38	0.59	0.64	0.65	0.66	0.68	0.76	0.82	0.87	0.92	0.93	0.95	0.949
EBIT Margin	-0.12	-0.08	0.02	0.03	0.12	0.12	0.08	0.05	0.10	0.15	0.17	0.18	0.17	0.18	0.22	0.28	0.42	0.45	0.49	0.49	0.491
Asset Turnover	0.31	0.32	0.34	0.35	0.36	0.33	0.31	0.26	0.30	0.35	0.40	0.38	0.38	0.37	0.39	0.40	0.36	0.38	0.38	0.36	0.364
Equity Multiplier	2.86	2.92	2.82	2.75	2.87	2.93	2.84	2.67	2.64	2.63	2.61	2.38	2.35	2.32	2.26	2.07	2.03	2.02	2.00	1.79	1.787

Per Share

Metric	Q3'21	Q4'21	Q1'22	Q2'22	Q3'22	Q4'22	Q1'23	Q2'23	Q3'23	Q4'23	Q1'24	Q2'24	Q3'24	Q4'24	Q1'25	Q2'25	Q3'25	Q4'25	Q1'26	Q2'26	Current
EPS (Diluted TTM)	$-0.87	$-0.93	$-0.46	$-0.32	$0.30	$0.27	$0.05	$-0.13	$0.05	$0.19	$0.24	$0.22	$0.22	$0.19	$0.39	$0.73	$1.16	$1.42	$1.65	$1.68	$1.68
Book Value/Share	$5.70	$5.65	$5.96	$6.12	$5.96	$6.00	$6.01	$7.34	$5.86	$6.01	$6.00	$6.74	$6.44	$6.48	$6.70	$7.23	$7.76	$8.06	$8.89	$11.92	$13.12
Tangible Book/Share	$5.68	$5.62	$5.93	$6.09	$5.94	$5.98	$5.99	$7.08	$5.67	$5.78	$5.65	$6.53	$6.13	$6.29	$6.42	$7.03	$7.56	$7.86	$8.69	$11.73	$11.73
Revenue/Share	$5.35	$5.74	$5.97	$6.02	$5.98	$5.58	$5.25	$4.68	$4.06	$4.84	$5.47	$5.52	$5.17	$5.13	$5.28	$5.56	$5.20	$5.53	$5.95	$6.19	$6.21
FCF/Share	$0.08	$0.03	$0.19	$0.54	$0.66	$0.68	$0.66	$0.17	$0.13	$0.56	$0.76	$0.97	$0.82	$0.81	$0.70	$0.91	$0.80	$0.60	$0.69	$0.61	$0.62
OCF/Share	$1.56	$1.47	$1.51	$1.77	$1.90	$1.86	$1.89	$1.30	$0.96	$1.37	$1.55	$1.79	$1.66	$1.70	$1.65	$1.95	$1.86	$1.77	$1.98	$1.96	$1.97
Cash/Share	$1.14	$1.04	$0.81	$0.99	$1.09	$0.86	$0.97	$0.69	$0.73	$0.72	$0.81	$1.43	$1.23	$1.48	$1.47	$1.58	$1.54	$1.42	$2.53	$2.34	$2.35
EBITDA/Share	$0.73	$0.87	$1.45	$1.43	$2.00	$2.01	$1.68	$1.44	$1.45	$1.89	$2.17	$2.20	$2.00	$2.03	$2.26	$2.64	$3.23	$3.59	$4.00	$4.10	$4.10
Debt/Share	$4.78	$4.81	$4.80	$4.79	$4.74	$4.75	$4.89	$5.39	$4.26	$3.95	$3.91	$3.37	$2.99	$3.00	$3.04	$2.87	$2.79	$2.73	$2.68	$2.27	$2.27
Net Debt/Share	$3.65	$3.78	$3.98	$3.80	$3.65	$3.89	$3.91	$4.71	$3.52	$3.23	$3.09	$1.94	$1.76	$1.52	$1.57	$1.29	$1.25	$1.31	$0.15	$-0.07	$-0.07

Academic Models

Metric	Q3'21	Q4'21	Q1'22	Q2'22	Q3'22	Q4'22	Q1'23	Q2'23	Q3'23	Q4'23	Q1'24	Q2'24	Q3'24	Q4'24	Q1'25	Q2'25	Q3'25	Q4'25	Q1'26	Q2'26	Current
Altman Z-Score	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	3.093
Altman Z-Prime	snapshot only																				5.510
Piotroski F-Score	3	4	5	4	6	5	5	4	6	7	8	8	8	7	8	7	5	6	7	7	7
Beneish M-Score	-3.88	-2.86	-3.00	-3.35	-5.20	-3.24	-3.33	-2.82	-2.34	-2.15	-2.24	-2.81	-2.17	-2.92	-2.73	-2.88	-3.22	-1.74	-2.24	-2.47	-2.470
Ohlson O-Score	snapshot only																				-9.530
ROIC (Greenblatt)	snapshot only																				17.62%
Net-Net WC	snapshot only																				$-3.59
EVA	snapshot only																				$159537594.08

Credit

Metric	Q3'21	Q4'21	Q1'22	Q2'22	Q3'22	Q4'22	Q1'23	Q2'23	Q3'23	Q4'23	Q1'24	Q2'24	Q3'24	Q4'24	Q1'25	Q2'25	Q3'25	Q4'25	Q1'26	Q2'26	Current
Credit Rating	snapshot only																				AA
Credit Score	20.74	20.87	24.94	26.75	36.81	35.07	31.33	21.80	30.27	37.58	42.85	52.80	54.63	55.86	61.32	64.20	66.13	72.02	77.75	88.64	88.637
Credit Grade	snapshot only																				3
Credit Trend	snapshot only																				24.439
Implied Spread (bps)	snapshot only																				80.000
Industry Credit Rank	snapshot only																				92
Sector Credit Rank	snapshot only																				79

HBM NYSE

Edge Score

Analyst Insights

Financial Rating

InsiderStreet Scorecard

Risk & Quality Signals

Valuation

DuPont Decomposition (5-Factor)

Graham-Dodd Adjusted Valuation

Profitability Trends

Leverage & Solvency Trends

Efficiency & Working Capital Trends

Growth Trends (YoY %)

Earnings Stability

Monte Carlo Price Simulation

Workforce & Productivity

Scaling Efficiency

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