McEwen Mining Inc.
NYSE:MUX · New York Stock Exchange
-$0.42 today
Vol 1.18M · Avg 1.17M
Income Statement
Follow revenue through to earnings
Review sales, margins, expenses, and profit trends to see what is actually driving reported earnings over time.
Stock Ticker Earnings Waterfall
NYSE:MUX · Revenue to Net Income
Key Ratios
Analysis
$235.9M of revenue converted into $74.1M of net income for the selected period. Gross margin is 21.8% and net margin is 27.4%, showing how much revenue survives after costs and taxes. EPS is $1.27, tying the income statement back to per-share earnings.
Income Statement
Annual data · 5 periods
| Metric | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $197.6M +13.2% | $174.5M +5.0% | $166.2M +50.5% | $110.4M -19.1% | $136.5M | $809.6M | $921.6M | $731.2M |
| Cost of Revenue | $175.8M +22.5% | $143.5M -3.3% | $148.5M +33.8% | $111.0M -22.4% | $143.0M | $725.6M | $804.0M | $882.4M |
| Gross Profit | $21.7M -29.8% | $30.9M +74.0% | $17.8M +3368.4% | -$544.0K +91.6% | -$6.5M | $8.9B | $7.6B | $6.2B |
| Gross Margin | 11.0% -6.7pp | 17.7% +7.0pp | 10.7% +11.2pp | -0.5% +4.3pp | -4.7% | 9.8% | 28.9% | 38.3% |
| Research & Development | $0 | $0 | $0 | $0 | $0 | $983.2M | $1.3B | $490.4M |
| Selling, General & Admin | $26.7M +55.5% | $17.2M +11.1% | $15.4M +29.9% | $11.9M +4.0% | $11.4M | $620.6M | $923.0M | -$1.5B |
| Operating Expenses | $34.7M -57.5% | $81.5M -54.7% | $179.8M +89.5% | $94.9M +64.2% | $57.8M | $5.3B | $7.0B | $8.7B |
| Depreciation & Amortization | $30.9M +0.0% | $30.9M +1.7% | $30.4M +55.4% | $19.5M -22.9% | $25.3M | $374.2M | $1.2B | $631.8M |
| EBITDA | $45.0M +146.8% | $18.2M +124.7% | -$73.9M +6.0% | -$78.7M -140.9% | -$32.7M | -$15.2B | $6.8B | $9.3B |
| EBITDA Margin | 22.8% +12.3pp | 10.5% +54.9pp | -44.5% +26.8pp | -71.3% -47.3pp | -23.9% | 5.6% | 46.3% | 42.0% |
| Operating Income | -$12.9M +74.4% | -$50.6M +68.8% | -$162.1M -69.8% | -$95.4M -48.5% | -$64.3M | $12.3B | $14.0B | -$15.7B |
| Operating Margin | -6.5% +22.4pp | -29.0% +68.5pp | -97.5% -11.1pp | -86.4% -39.4pp | -47.1% | 16.6% | 24.1% | 22.0% |
| Interest Income | $0 | $0 -100.0% | $36.9M | $0 | $0 | -$1.5B | -$1.6B | $405.0M |
| Interest Expense | $7.2M +57.1% | $4.6M | $0 -100.0% | $7.8M +25.6% | $6.2M | $1.1B | $1.0B | $1.2B |
| Other Income / Expenses | $19.9M +418.5% | $3.8M -98.3% | $229.1M +1412.3% | $15.1M +18602.5% | $81.0K | -$1.5B | $1.4B | $1.2B |
| Income Before Tax | $6.9M +114.9% | -$46.7M -169.7% | $67.0M +183.5% | -$80.3M -25.1% | -$64.2M | $3.3B | $4.9B | $3.6B |
| Pre-Tax Margin | 3.5% +30.3pp | -26.8% -67.1pp | 40.3% +113.0pp | -72.7% -25.7pp | -47.0% | 20.8% | 18.7% | 26.2% |
| Income Tax Expense | -$27.5M -801.7% | -$3.0M -109.0% | $33.9M +483.2% | $5.8M +179.4% | -$7.3M | $1.3B | -$1.6B | $745.2M |
| Net Income | $34.4M +178.8% | -$43.7M -179.0% | $55.3M +168.2% | -$81.1M -43.0% | -$56.7M | $4.9B | $4.8B | $4.7B |
| Net Margin | 17.4% +42.5pp | -25.0% -58.3pp | 33.3% +106.7pp | -73.4% -31.9pp | -41.5% | 12.4% | 17.5% | 22.5% |
| EPS (Basic) | $1 +174.4% | -$1 -174.1% | $1 +167.8% | -$2 -36.8% | -$1 | $400.8M | $703.2M | $1.3B |
| EPS (Diluted) | $1 +168.6% | -$1 -174.1% | $1 +167.8% | -$2 -36.8% | -$1 | $766.2M | $609.4M | $452.6M |
| Weighted Avg Shares | $54.0M +5.9% | $51.0M +7.3% | $47.5M +0.3% | $47.4M +4.2% | $45.5M | $757.8M | $925.8M | $1.1B |
| Weighted Avg Shares (Diluted) | $54.0M +5.9% | $51.0M +7.3% | $47.5M +0.2% | $47.4M +4.3% | $45.5M | $1.2B | $924.4M | $678.0M |
Older periods hidden.
Sign in to unlockCompetitors
Peer companies in the same sector

Solaris Resources Inc.
AMEX:SLSR
$1.52B

Ecovyst Inc.
NYSE:ECVT
$1.37B
Collective Mining Ltd.
AMEX:CNL
$1.30B

Stepan Company
NYSE:SCL
$1.23B

CVR Partners, LP
NYSE:UAN
$1.18B

Northern Dynasty Minerals Ltd.
AMEX:NAK
$1.17B

Braskem S.A.
NYSE:BAK
$1.17B

Avino Silver & Gold Mines Ltd.
AMEX:ASM
$1.11B

Critical Metals Corp.
NASDAQ:CRML
$937.85M

Metalla Royalty & Streaming Ltd.
AMEX:MTA
$695.67M
SEC Filings
Recent regulatory filings
No filings found.
How much revenue does MUX generate?
McEwen Mining Inc. (MUX) reported $197.55M of revenue in fiscal 2025.
Is MUX profitable?
McEwen Mining Inc. (MUX) reported $34.43M of net income, with a net margin of 17.4%.
Explore More
Continue the stock analysis
Jump to another research area for this company.