Fortuna Mining Corp.

NYSE:FSM Stock Report

Market Cap: US$2.6b

Fortuna Mining Past Earnings Performance

Past criteria checks 3/6

Fortuna Mining has been growing earnings at an average annual rate of 17.2%, while the Metals and Mining industry saw earnings growing at 4.6% annually. Revenues have been growing at an average rate of 23.4% per year. Fortuna Mining's return on equity is 16.9%, and it has net margins of 20.8%.

Key information

17.19%

Earnings growth rate

8.38%

EPS growth rate

Metals and Mining Industry Growth26.40%
Revenue growth rate23.42%
Return on equity16.91%
Net Margin20.79%
Last Earnings Update30 Sep 2025

Recent past performance updates

Recent updates

Fortuna Mining: From Silver Miner To Undervalued Gold Mining Opportunity

Aug 21

Fortuna Mining: Potentially More Value For Investors

Apr 24

Fortuna Mining: Beware The 2026 Production Cliff

Feb 05

Fortuna Mining: High Costs, Declining Production, And Risky Operations Make Me Avoid

Jan 05

Bullish Gold Boosts Fortuna Mining Outlook, Shares Trade Low

Dec 28

Fortuna Mining: High Production Cost, Short Mine Life, And Elevated Jurisdiction Risk

Oct 09

Fortuna Mining: Another Solid Quarter In Q2

Jul 25

Fortuna Silver Mines: A Premium Valuation Relative To Tier-2/3 Jurisdiction Peers

May 26

Fortuna Silver Mines' Future Looks Bright

Apr 11

Fortuna Silver Mines: A Phenomenal First Year For Seguela

Mar 19

Fortuna Silver Mines: Underwhelming 2024 Guidance

Jan 28

Fortuna Silver: Significant Margin Expansion In Q3

Dec 08

Fortuna Silver Mines Q3 Earnings: A Solid Mid-Tier Gold And Silver Producer

Nov 09

Fortuna Silver Mines: A Massive First Quarter From Seguela

Oct 06

Fortuna Silver: Another Quarter Of Margin Compression

Aug 16

Fortuna Silver: Seguela Mine Begins Contributing On Schedule

Jul 13

Fortuna Silver: More Share Dilution, But A Decent Deal For Diamba Sud

Jun 07

Revenue & Expenses Breakdown

How Fortuna Mining makes and spends money. Based on latest reported earnings, on an LTM basis.

Earnings and Revenue History

NYSE:FSM Revenue, expenses and earnings (USD Millions)
DateRevenueEarningsG+A ExpensesR&D Expenses
30 Sep 251,257261990
30 Jun 251,187171860
31 Mar 251,113150850
31 Dec 241,062129780
30 Sep 24747-28700
30 Jun 24809-34710
31 Mar 24811-50650
31 Dec 23842-51640
30 Sep 23742-111610
30 Jun 23665-143580
31 Mar 23675-143590
31 Dec 22681-128610
30 Sep 2271640620
30 Jun 2271244610
31 Mar 2266458550
31 Dec 2160058460
30 Sep 2150461420
30 Jun 2142574400
31 Mar 2134952410
31 Dec 2027922360
30 Sep 2024422330
30 Jun 202221330
31 Mar 2024617300
31 Dec 1925724320
30 Sep 192487280
30 Jun 1924622260
31 Mar 1925222270
31 Dec 1826334270
30 Sep 1827966310
30 Jun 1828369300
31 Mar 1827467280
31 Dec 1726866260
30 Sep 1725139180
30 Jun 1725239200
31 Mar 1723228270
31 Dec 1621018310
30 Sep 16189-6340
30 Jun 16163-14290
31 Mar 16158-12220
31 Dec 15155-11180
30 Sep 151567190
30 Jun 1516312200
31 Mar 1516815230
31 Dec 1417416250

Quality Earnings: FSM has high quality earnings.

Growing Profit Margin: FSM became profitable in the past.

Free Cash Flow vs Earnings Analysis

Past Earnings Growth Analysis

Earnings Trend: FSM's earnings have grown by 17.2% per year over the past 5 years.

Accelerating Growth: FSM has become profitable in the last year, making the earnings growth rate difficult to compare to its 5-year average.

Earnings vs Industry: FSM has become profitable in the last year, making it difficult to compare its past year earnings growth to the Metals and Mining industry (3.5%).

Return on Equity

High ROE: FSM's Return on Equity (16.9%) is considered low.

Return on Assets

Return on Capital Employed

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2025/11/20 07:40
End of Day Share Price 2025/11/20 00:00
Earnings2025/09/30
Annual Earnings2024/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

Fortuna Mining Corp. is covered by 18 analysts. 3 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Heiko IhleAlliance Global Partners
Kevin O'HalloranBMO Capital Markets Equity Research
Brian QuastBMO Capital Markets Equity Research