American Battery Technology vs Ivanhoe Electric
American Battery Technology is the larger business, with $21.7m of revenue in fiscal 2026 against $3.2m for Ivanhoe Electric (6.7 times as much). American Battery Technology grew faster (406.8% against 11.8%). American Battery Technology kept more of each dollar of sales as profit: a net margin of -337.5% against -3263.7%.
| Latest fiscal year | American Battery TechnologyABAT, 2026 | Ivanhoe ElectricIE, 2025 |
|---|---|---|
| Revenue | $21.7m | $3.2m |
| Revenue growth | 406.8% | 11.8% |
| Net income | −$73.4m | −$106m |
| Operating margin | -343.6% | — |
| Net margin | -337.5% | -3263.7% |
| Return on equity | -74.5% | -30.9% |
| Free cash flow | −$36.3m | −$90.4m |
| Cash | $49.5m | $173m |
| Total debt | $0 | $33.7m |
| Debt to equity | 0.0% | — |
| Dividend per share | — | — |
| Dividend yield | — | — |
| Share buybacks | — | — |
| Employees | — | 286 |
| Market value | $176m | $1.22bn |
| Price vs our value range | — | — |
| Moat score | — | 27 (Weak) |
| Insider trades, 12 months | 0 buys, 7 sales | 0 buys, 8 sales |