American Battery Technology vs Versamet Royalties
Versamet Royalties is the larger business, with $34.8m of revenue in fiscal 2025 against $21.7m for American Battery Technology (1.6 times as much). American Battery Technology grew faster (406.8% against 189.1%). Versamet Royalties kept more of each dollar of sales as profit: a net margin of 58.5% against -337.5%. American Battery Technology carries less debt relative to equity (0.0% against 0.0%).
| Latest fiscal year | American Battery TechnologyABAT, 2026 | Versamet RoyaltiesVMET, 2025 |
|---|---|---|
| Revenue | $21.7m | $34.8m |
| Revenue growth | 406.8% | 189.1% |
| Net income | −$73.4m | $20.3m |
| Operating margin | -343.6% | 111.5% |
| Net margin | -337.5% | 58.5% |
| Return on equity | -74.5% | 9.1% |
| Free cash flow | −$36.3m | — |
| Cash | $49.5m | $3.7m |
| Total debt | $0 | $0 |
| Debt to equity | 0.0% | 0.0% |
| Dividend per share | — | — |
| Dividend yield | — | — |
| Share buybacks | — | — |
| Employees | — | — |
| Market value | $176m | $818m |
| Price vs our value range | — | — |
| Moat score | — | — |
| Insider trades, 12 months | 0 buys, 7 sales | 0 buys, 0 sales |