American Battery Technology vs VOX Royalty
American Battery Technology is the larger business, with $21.7m of revenue in fiscal 2026 against $12.0m for VOX Royalty (1.8 times as much). American Battery Technology grew faster (406.8% against 9.0%). VOX Royalty kept more of each dollar of sales as profit: a net margin of 48.9% against -337.5%. American Battery Technology carries less debt relative to equity (0.0% against 0.0%).
| Latest fiscal year | American Battery TechnologyABAT, 2026 | VOX RoyaltyVOXR, 2025 |
|---|---|---|
| Revenue | $21.7m | $12.0m |
| Revenue growth | 406.8% | 9.0% |
| Net income | −$73.4m | $5.9m |
| Operating margin | -343.6% | — |
| Net margin | -337.5% | 48.9% |
| Return on equity | -74.5% | 7.8% |
| Free cash flow | −$36.3m | — |
| Cash | $49.5m | $8.1m |
| Total debt | $0 | $0 |
| Debt to equity | 0.0% | 0.0% |
| Dividend per share | — | — |
| Dividend yield | — | — |
| Share buybacks | — | — |
| Employees | — | — |
| Market value | $176m | $264m |
| Price vs our value range | — | Within our value range |
| Moat score | — | — |
| Insider trades, 12 months | 0 buys, 7 sales | 0 buys, 0 sales |