Ivanhoe Electric vs Lifezone Metals
Ivanhoe Electric is the larger business, with $3.2m of revenue in fiscal 2025 against $1.1m for Lifezone Metals (3.1 times as much). Lifezone Metals grew faster (652.2% against 11.8%). Lifezone Metals kept more of each dollar of sales as profit: a net margin of -1289.2% against -3263.7%.
| Latest fiscal year | Ivanhoe ElectricIE, 2025 | Lifezone MetalsLZM, 2025 |
|---|---|---|
| Revenue | $3.2m | $1.1m |
| Revenue growth | 11.8% | 652.2% |
| Net income | −$106m | −$13.6m |
| Operating margin | — | -1742.2% |
| Net margin | -3263.7% | -1289.2% |
| Return on equity | -30.9% | -16.7% |
| Free cash flow | −$90.4m | — |
| Cash | $173m | $20.1m |
| Total debt | $33.7m | $0 |
| Debt to equity | — | 0.0% |
| Dividend per share | — | — |
| Dividend yield | — | — |
| Share buybacks | — | — |
| Employees | 286 | — |
| Market value | $1.22bn | $299m |
| Price vs our value range | — | — |
| Moat score | 27 (Weak) | — |
| Insider trades, 12 months | 0 buys, 8 sales | 0 buys, 0 sales |