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Aris Mining vs Fortuna Mining

Aris Mining and Fortuna Mining are similar in size: $928m and $947m of revenue in their latest fiscal years. Aris Mining grew faster (81.7% against 39.8%). Fortuna Mining kept more of each dollar of sales as profit: a net margin of 30.4% against 8.4%. Fortuna Mining carries less debt relative to equity (0.0% against 35.9%).

Latest fiscal yearAris MiningARIS, 2025Fortuna MiningFSM, 2025
Revenue $928m $947m
Revenue growth 81.7% 39.8%
Net income $78.3m $287m
Operating margin 38.7% 43.1%
Net margin 8.4% 30.4%
Return on equity 7.0% 18.7%
Free cash flow $129m —
Cash $392m $554m
Total debt $519m $0
Debt to equity 35.9% 0.0%
Dividend per share — —
Dividend yield — —
Share buybacks — $10.3m
Employees — —
Market value $2.96bn $2.96bn
Price vs our value range — —
Moat score — —
Insider trades, 12 months 0 buys, 0 sales 0 buys, 0 sales

Each figure is from the company's latest annual report and links to the page it comes from. Fiscal years can end on different dates. Market value and the value verdict use the delayed price shown on the stock pages. Not a recommendation.

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Figures from each company's latest annual report filed with the SEC (10-K or 20-F), as reported, with the fiscal year shown. Not investment advice. How we read filings: methodology.