Hut 8 Mining Corp. HUT Ratios & Valuation
| Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | ||
|---|---|---|---|---|---|---|
| Profitability | ||||||
| Gross margin | 59.7%+17.9pp | 54.2%+7.5pp | 47.8%-2.4pp | 43.5%-0.5pp | 41.7%-2.7pp | |
| Operating margin | -191.6%-226pp | -137%-421pp | 221.4%+77.9pp | 231.4%+58.5pp | 34.7%-256pp | |
| Net margin | -109.8%-69.8pp | -96.2%-301pp | 115.4%+37.9pp | 112.8%+24.5pp | -39.9%-215pp | |
| EBITDA margin | -147.5%-221pp | -93.6%-407pp | 264.3%+90.0pp | 274.1%+69.7pp | 73.4%-246pp | |
| Free cash flow margin | -108.6%+80.0pp | -145.5%-27.0pp | -166.9%-58.8pp | -234%-165pp | -188.7%-126pp | |
| Returns | ||||||
| Return on equity | -26.7%-20.4pp | -18.9%-64.2pp | 19.2%-9.1pp | 16.2%-12.2pp | -6.3%-50.4pp | |
| Return on assets | -14.9%-10.8pp | -10.6%-40.0pp | 10.9%-5.2pp | 10.1%-5.3pp | -4.1%— | |
| Return on invested capital | -50.9%-53.4pp | -24.5%-60.8pp | 19.4%-13.8pp | 18.5%-18.4pp | 2.5%— | |
| Efficiency | ||||||
| Asset turnover | 0.1×0.0× | 0.1×0.0× | 0.1×-0.1× | 0.1×-0.1× | 0.1×— | |
| Liquidity | ||||||
| Current ratio | 0.9×-0.4× | 1.1×-0.6× | 0.7×-0.3× | 1.8×+0.1× | 1.3×+1.0× | |
| Quick ratio | 0.9×-0.4× | 1.1×-0.6× | 0.7×-0.3× | 1.8×+0.1× | 1.3×+1.0× | |
| Cash ratio | 0.6×+0.1× | 0.1×-0.4× | 0.1×-0.5× | 1×-0.6× | 0.5×+0.4× | |
| Leverage | ||||||
| Debt-to-equity | 0×0.0× | 0×-0.3× | 0×-0.5× | 0×-0.5× | 0.1×-0.2× | |
| Debt-to-assets | 0×0.0× | 0×-0.2× | 0×-0.3× | 0×-0.3× | 0×-0.2× | |
| Interest coverage | -17.1×-18.6× | -10.7×-26.2× | 11.6×+5.1× | 9.6×+2.5× | 1.5×-9.0× | |
| Per Share | ||||||
| Book value per share | $12.42+33.1% | $13.50+39.7% | $11.84+62.2% | $10.64+45.4% | $9.33+19.5% | |
| Valuation | ||||||
| Market capitalization | $5.2B+331% | $4.96B+159% | $3.67B+229% | $1.8B+32.6% | $1.21B+22.9% | |
| Enterprise value | $5.06B+340% | $4.94B+126% | $3.69B+166% | $1.63B+5.5% | $1.15B-3.2% | |
| Price / sales | 18.3×+9.2× | 21.1×+9.3× | 20.6×+12.2× | 13×+0.7× | 9.1×-1.1× | |
| Price / book | 3.8×+2.5× | 3.5×+1.5× | 2.5×+1.0× | 1.4×-0.6× | 1.3×-0.1× | |
| EV / sales | 17.8×+9.1× | 21×+7.6× | 20.7×+10.2× | 11.8×-2.2× | 8.7×-3.7× | |
| Free cash flow yield | -5.9%+14.8pp | -6.9%+3.1pp | -8.1%+4.7pp | -18%-12.4pp | -20.7%-14.5pp | |
| Earnings yield | -6%-1.6pp | -4.6%-21.8pp | 5.6%-3.6pp | 8.7%+1.5pp | -4.4%-21.5pp |
Chart any of these lines over time, or line them up against competitors.
Compare these in charts →Questions, answered.
- What are Hut 8 Mining Corp.'s profit margins?
- Hut 8 Mining Corp. (HUT) runs a 59.7% gross margin and a -191.6% operating margin, with a -109.8% net margin.
- Where do Hut 8 Mining Corp.'s ratios come from?
- Every ratio is computed from Hut 8 Mining Corp.'s SEC filings — trailing-twelve-month flows over period-end balances. Valuation multiples combine those fundamentals with market data, recomputed each period. Switch between quarterly, annual, and TTM, or open any ratio for its full history and peer comparisons.
