Fortuna Mining Corp. key statistics and ratios

In fiscal 2025, Fortuna Mining Corp. had return on equity of 18.7%, an operating margin of 43.1%, debt equal to 0.0% of equity and a current ratio of 2.98. Each ratio below is calculated from the figures on its income statement, balance sheet and cash flow pages.

Financial ratios

US$ thousands unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

Fortuna Mining Corp.: financial ratios, annual
Fiscal year	2016Dec 2016	2017Dec 2017	2018Dec 2018	2019Dec 2019	2020Dec 2020	2021Dec 2021	2022Dec 2022	2023Dec 2023	2024Dec 2024	2025Dec 2025
Gross margin	38.3%	40.9%	36.7%	32.9%	39.5%	34.3%	21.5%	22.6%	34.5%	49.3%
Operating margin	23.1%	41.1%	23.4%	13.3%	20.5%	22.8%	−16.7%	−0.0%	23.1%	43.1%
Net margin	8.5%	24.7%	12.9%	9.3%	7.7%	9.6%	−18.8%	−6.0%	19.0%	30.4%
Return on equity	4.2%	13.4%	5.8%	3.8%	3.2%	5.5%	−9.8%	−4.1%	9.7%	18.7%
Return on assets	3.2%	10.4%	4.6%	2.8%	2.2%	3.8%	−6.6%	−2.6%	6.3%	12.8%
Asset turnover	0.37	0.42	0.35	0.30	0.28	0.39	0.35	0.44	0.33	0.42
Current ratio	2.87	4.50	3.57	1.70	2.57	1.69	1.87	1.37	1.90	2.98
Debt to equity	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	3.5%	0.0%	0.0%
Interest cover (operating income ÷ interest)	22.6x	67.1x	56.4x	39.9x	37.9x	13.4x	n/m	n/m	39.9x	72.6x
Effective tax rate	62.1%	36.8%	49.5%	45.9%	63.4%	44.6%	—	—	36.3%	27.8%

Returns use average equity or assets over the year. Return on equity is left blank when equity is negative or so small that the ratio says nothing (above ±200%); interest cover is left blank above 200 times. Price-based ratios such as P/E are on the valuation page.

Financial health

3 of 3 checks passed · December 31, 2025

What it owns · $2.4bn

Short-term assets $765mLonger-term assets $1.6bn

What it owes, and who funded it · $2.3bn

Short-term liabilities $256mLonger-term liabilities $369mShareholders' equity $1.7bn

Short-term assets cover short-term liabilities $765m of assets due within a year against $256m of liabilities due within a year.
Short-term assets cover long-term liabilities $765m short-term assets against $369m of longer-dated liabilities.
More cash than debt Cash or debt not separately reported. Not assessable.
Debt below 40% of shareholders' equity Equity or debt not reported. Not assessable.
Debt burden no higher than five years ago Five-year comparison not available. Not assessable.
A year's operating cash flow covers at least 20% of debt Cash flow or debt not reported. Not assessable.
Operating profit covers interest at least five times over Operating income of $408m against $6m of interest.

From Fortuna Mining Corp.'s latest balance sheet as filed. Checks are fixed, documented rules (methodology), counted only where the company reports the figures — a dot means the filing doesn't break the item out. Descriptions of reported data, not advice.

Moat

Not assessed: fewer than five years of comparable figures in the filings. AI disruption exposure for this industry: Low.

A rules-based reading of reported figures, not a forecast and not investment advice. How the score is built: methodology.

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Figures from Fortuna Mining Corp.'s SEC filings (10-K and 10-Q), retrieved November 1, 2026. How we read and check them: methodology and data sources. Not investment advice. Back to Fortuna Mining Corp.