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McEwen Inc.

MUX Clue Score52
United States Fiscal year ends December CIK 0000314203
$17.88 +3.23% Close, 9 Oct 2026
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Price $17.88 +1,555.56% Close, 9 Oct 2026

Closing prices at the end of each trading day, from 12 Oct 2016. Not a live quote. Adjusted for share splits, so the line has no step at a split; dividends are not added back. P/E and P/FCF are the market value over the last full fiscal year's net income or free cash flow, as public on each day, so they step once a year when the annual report comes out. A hatched band marks a stretch with none: a year of net loss, or of cash burnt.

Revenue and profit

What the business sells, and what is left of it. Point at a year for the detail.
RevenueOperating incomeNet income
Fiscal year 2016Revenue60.4Operating income15.3Net income21.1EPS, diluted0.07Fiscal year 2017Revenue67.5 +11.7%Operating income−26.3Net income−10.6 −150.5%EPS, diluted−0.03Fiscal year 2018Revenue128.2 +90.0%Operating income−47.2Net income−44.9Fiscal year 2019Revenue117.0 −8.7%Operating income−63.9Net income−59.7EPS, diluted−0.17Fiscal year 2020Revenue104.8 −10.5%Operating income−153.2Net income−152.3EPS, diluted−3.78Fiscal year 2021Revenue136.5 +30.3%Operating income−64.3Net income−56.7EPS, diluted−1.25Fiscal year 2022Revenue110.4 −19.1%Operating income−95.4Net income−81.1EPS, diluted−1.71Fiscal year 2023Revenue166.2 +50.5%Operating income−162.1Net income55.3EPS, diluted1.16Fiscal year 2024Revenue174.5 +5.0%Operating income−50.6Net income−43.7 −179.0%EPS, diluted−0.86Fiscal year 2025Revenue197.6 +13.2%Operating income2.7Net income34.4EPS, diluted0.59
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Revenue 60.4 67.5 128.2 117.0 104.8 136.5 110.4 166.2 174.5 197.6
Growth +11.7% +90.0% −8.7% −10.5% +30.3% −19.1% +50.5% +5.0% +13.2%
Operating income 15.3 −26.3 −47.2 −63.9 −153.2 −64.3 −95.4 −162.1 −50.6 2.7
Net income 21.1 −10.6 −44.9 −59.7 −152.3 −56.7 −81.1 55.3 −43.7 34.4
Growth −150.5% −179.0%
EPS, diluted 0.07 −0.03 n/a −0.17 −3.78 −1.25 −1.71 1.16 −0.86 0.59

Margins

How much of each dollar of revenue it keeps. Point at a year for the detail.
Gross marginOperating marginNet margin
Fiscal year 2016Gross margin53.4%Operating margin25.4%Net margin34.9%Free cash flow margin10.4%Fiscal year 2017Gross margin29.8%Operating margin−39.0%Net margin−15.8%Free cash flow margin−48.5%Fiscal year 2018Gross margin25.0%Operating margin−36.8%Net margin−35.0%Free cash flow margin−48.3%Fiscal year 2019Gross margin7.7%Operating margin−54.6%Net margin−51.1%Fiscal year 2020Gross margin−25.7%Operating margin−146.2%Net margin−145.4%Fiscal year 2021Gross margin−4.7%Operating margin−47.1%Net margin−41.5%Fiscal year 2022Gross margin−0.5%Operating margin−86.4%Net margin−73.4%Fiscal year 2023Gross margin10.7%Operating margin−97.5%Net margin33.3%Fiscal year 2024Gross margin17.7%Operating margin−29.0%Net margin−25.0%Fiscal year 2025Gross margin24.1%Operating margin1.3%Net margin17.4%
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Gross margin 53.4% 29.8% 25.0% 7.7% −25.7% −4.7% −0.5% 10.7% 17.7% 24.1%
Operating margin 25.4% −39.0% −36.8% −54.6% −146.2% −47.1% −86.4% −97.5% −29.0% 1.3%
Net margin 34.9% −15.8% −35.0% −51.1% −145.4% −41.5% −73.4% 33.3% −25.0% 17.4%
Free cash flow margin 10.4% −48.5% −48.3% n/a n/a n/a n/a n/a n/a n/a

Cash flow

The cash the business makes, what it reinvests, and what it hands back. Point at a year for the detail.
Operating cash flowCapital expenditureFree cash flow
Fiscal year 2016Operating cash flow7.4Capital expenditure−1.2Free cash flow6.3Buybacks−0.6Fiscal year 2017Operating cash flow−27.6Capital expenditure−5.1Free cash flow−32.7 −621.6%Fiscal year 2018Operating cash flow0.5Capital expenditure−62.3Free cash flow−61.9Fiscal year 2019Operating cash flow−39.5Fiscal year 2020Operating cash flow−27.9Fiscal year 2021Operating cash flow−20.1Fiscal year 2022Operating cash flow−56.6Fiscal year 2023Operating cash flow−39.6Fiscal year 2024Operating cash flow29.5Fiscal year 2025Operating cash flow6.9
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Operating cash flow 7.4 −27.6 0.5 −39.5 −27.9 −20.1 −56.6 −39.6 29.5 6.9
Capital expenditure −1.2 −5.1 −62.3 n/a n/a n/a n/a n/a n/a n/a
Free cash flow 6.3 −32.7 −61.9 n/a n/a n/a n/a n/a n/a n/a
Growth −621.6%
Buybacks −0.6 n/a n/a n/a n/a n/a n/a n/a n/a n/a

Balance sheet

What it holds against what it owes, at each year end. Point at a year for the detail.
CashTotal debt
Fiscal year 2016Cash37.4Shareholders’ equity443.0Fiscal year 2017Cash27.2Shareholders’ equity521.3Fiscal year 2018Cash15.8Total debt24.6Net cash (debt)−8.8Shareholders’ equity485.9Debt to equity0.05Fiscal year 2019Cash46.5Total debt19.8Net cash (debt)26.7Shareholders’ equity499.5Debt to equity0.04Fiscal year 2020Cash20.8Total debt48.2Net cash (debt)−27.3Shareholders’ equity365.3Debt to equity0.13Fiscal year 2021Cash54.3Total debt48.9Net cash (debt)5.4Shareholders’ equity389.9Debt to equity0.13Fiscal year 2022Cash39.8Total debt64.0Net cash (debt)−24.2Shareholders’ equity356.3Debt to equity0.18Fiscal year 2023Cash23.0Total debt40.0Net cash (debt)−17.0Shareholders’ equity502.4Debt to equity0.08Fiscal year 2024Cash13.7Total debt40.0Net cash (debt)−26.3Shareholders’ equity495.0Debt to equity0.08Fiscal year 2025Cash51.0Total debt126.2Net cash (debt)−75.2Shareholders’ equity546.2Debt to equity0.23
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Cash 37.4 27.2 15.8 46.5 20.8 54.3 39.8 23.0 13.7 51.0
Total debt n/a n/a 24.6 19.8 48.2 48.9 64.0 40.0 40.0 126.2
Net cash (debt) n/a n/a −8.8 26.7 −27.3 5.4 −24.2 −17.0 −26.3 −75.2
Shareholders’ equity 443.0 521.3 485.9 499.5 365.3 389.9 356.3 502.4 495.0 546.2
Debt to equity n/a n/a 0.05 0.04 0.13 0.13 0.18 0.08 0.08 0.23

In millions of USD, except per-share figures and ratios. Fiscal years, as last filed with the SEC.

Financial statements FY2025 · 10-K

Balance sheet

In millions of USD, except per-share figures; shares in millions. Fiscal years ending December, each column as last filed with the SEC.
Click a line to chart it
Fiscal year FY2016 31 Dec 2016 FY2017 31 Dec 2017 FY2018 31 Dec 2018 FY2019 31 Dec 2019 FY2020† 31 Dec 2020 FY2021 31 Dec 2021 FY2022 31 Dec 2022 FY2023 31 Dec 2023 FY2024 31 Dec 2024 FY2025 31 Dec 2025
Assets
37.4 27.2 15.8 46.5 20.8 54.3 39.8 23.0 13.7 51.0
26.6 32.0 22.0 38.4 27.0 15.8 31.7 19.9 18.1 26.8
14.3 51.0 114.7 107.6 49.0 n/a n/a n/a n/a n/a
498.3 592.1 616.9 631.2 499.9 525.3 528.7 657.2 664.6 820.2
Growth +18.8% +4.2% +2.3% −20.8% +5.1% +0.6% +24.3% +1.1% +23.4%
Liabilities
n/a n/a 24.6 19.8 48.2 48.9 64.0 40.0 40.0 126.2
calc n/a n/a 24.6 19.8 48.2 48.9 64.0 40.0 40.0 126.2
55.3 70.9 131.0 131.7 134.6 135.4 172.4 154.8 169.6 274.0
Equity
−919.0 −929.6 −971.5 −1,031.2 −1,183.5 −1,240.3 −1,321.3 −1,266.0 −1,309.7 −1,275.3
443.0 521.3 485.9 499.5 365.3 389.9 356.3 502.4 495.0 546.2
Growth +17.7% −6.8% +2.8% −26.9% +6.7% −8.6% +41.0% −1.5% +10.4%
Per share and net cash
calc n/a n/a −8.8 26.7 −27.3 5.4 −24.2 −17.0 −26.3 −75.2
299.6 337.1 344.6 400.3 416.6 45.9 47.4 49.4 53.1 55.5
calc 1.48 1.55 1.41 1.25 0.88 8.49 7.51 10.16 9.33 9.84

† The diluted share count jumps at 2020, so per-share figures either side of that column are not comparable. Usually a split, but the break lands on the restatement boundary rather than on the split date, because every column is that period’s latest filing.

Lines marked calc are worked out here from filed figures; point at one for how.