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Ivanhoe Electric Inc. (IE) 10-Year Financial Performance & Capital Metrics

IE •
TechnologyApplication SoftwareData platforms, analytics and business intelligence
AboutIvanhoe Electric Inc. operates as a mineral exploration and development company in the United States. It operates through Critical Metals, Technology, and Energy Storage. The company holds 84.6% interests in the Tintic copper-gold project covering an area of 65 square kilometers located in Utah. It also holds an option to acquire a 100% interest in the Santa Cruz copper project covering an area of 77.59 square kilometers located in Arizona; 75% interest in the Hog Heaven silver-gold-copper project covering an area of 24.2 square kilometers located in Montana; and 60% interest in the Ivory Coast project covering an area of 1,125 square kilometers located in the Ivory Coast. The company also provides data analytics, geophysical modelling, and artificial intelligence services for the mineral, oil and gas, and water exploration industries; and develops, manufactures, and installs vanadium flow batteries for grid-scale energy storage. Ivanhoe Electric Inc. was incorporated in 2020 and is based in Vancouver, Canada.Show more
  • Revenue $3M +11.8%
  • EBITDA -$108M +38.0%
  • Net Income -$106M +17.7%
  • EPS (Diluted) -0.79 +26.2%
  • Gross Margin -1976.57% -3145.2%
  • EBITDA Margin -3331.23% +44.5%
  • Operating Margin -3422.19% +43.9%
  • Net Margin -3263.69% +26.4%
  • ROE -30.08% +23.2%
  • ROIC -28.05% +40.8%
  • Debt/Equity 0.09 -65.0%
  • Interest Coverage -26.81 +60.8%
Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

  • ✓Company is almost debt free
  • ✓Momentum leader: RS Rating 88 (top 12%)

✗Weaknesses

  • ✗Negative free cash flow
  • ✗Sales declining 6.9% over 5 years
  • ✗Shares diluted 10.9% in last year
  • ✗Low asset turnover indicates capital-intensive operations

* These insights are generated automatically based on available financial data. Please conduct your own research before making investment decisions.

Price & Volume

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Growth Metrics

Revenue CAGR

10Y-
5Y-6.88%
3Y-27.29%
TTM11.82%

Profit (Net Income) CAGR

10Y-
5Y-
3Y-
TTM17.69%

EPS CAGR

10Y-
5Y-
3Y-
TTM26.17%

ROCE

10Y Avg-19.87%
5Y Avg-54.36%
3Y Avg-41.96%
Latest-28.77%

Peer Comparison

Data platforms, analytics and business intelligence
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Technical
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Sector-Specific
NameMarket CapCurrent PriceP/E RatioRevenue Growth 1YNet MarginROEFCF YieldDebt/Equity
CALXCalix, Inc.3.43B51.77199.1220.26%1.79%2.08%3.37%0.03
DOMODomo, Inc.138.34M3.59-1.69-0.61%-21.71%
DGNXDiginex Limited132.92M0.63-9.5657.03%-255.46%-114.37%0.05
AMPLAmplitude, Inc.216.32M7.30-10.9014.68%-25.8%-36.09%13.04%0.03
KCKingsoft Cloud Holdings Limited49.71B13.48-11.4210.47%-10.76%-13.72%0.94
STRKMicroStrategy Incorporated78.34-12.93-6.61%16.67%13.62%0.40
STRFMicroStrategy Incorporated 10.00% Series A Perpetual Strife Preferred Stock98.56-16.26-6.61%16.67%13.62%0.40
STRCMicroStrategy Incorporated Variable Rate Series A Perpetual Stretch Preferred Stock3.39B100.00-16.50-6.61%16.67%13.62%0.40

Compare IE vs Peers

Analyze head-to-head performance against top industry competitors across valuation, growth, and profitability metrics.

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Profit & Loss

Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024Dec 2025
Sales/Revenue+3.75M4.63M4.65M8.44M3.9M2.9M3.24M
Revenue Growth %-23.48%0.41%81.43%-53.76%-25.67%11.82%
Cost of Goods Sold+1.81M1.78M1.52M3.13M2.99M1.02M67.36M
COGS % of Revenue48.13%38.53%32.67%37.14%76.51%35.09%2076.57%
Gross Profit+1.95M2.85M3.13M5.3M917K1.88M-64.12M
Gross Margin %51.87%61.47%67.33%62.86%23.49%64.91%-1976.57%
Gross Profit Growth %-46.35%9.97%69.38%-82.71%105.34%-3505.2%
Operating Expenses+-24.23M-23.75M63.88M137.47M181.32M178.83M46.9M
OpEx % of Revenue-645.9%-512.69%1373.19%1628.79%4645.63%6164.56%1445.62%
Selling, General & Admin11.05M11.73M20.55M27.14M48.48M45.04M39.24M
SG&A % of Revenue294.48%253.1%441.77%321.61%1242.12%1552.46%1209.68%
Research & Development4.17M3.63M3.83M5.04M6.12M2.85M275K
R&D % of Revenue111.17%78.33%82.22%59.72%156.8%98.35%8.48%
Other Operating Expenses-39.45M-39.11M39.51M105.29M126.72M130.94M7.38M
Operating Income+26.18M26.6M-60.75M-132.16M-180.4M-176.95M-111.02M
Operating Margin %697.76%574.16%-1305.87%-1565.94%-4622.14%-6099.66%-3422.19%
Operating Income Growth %-1.61%-328.37%-117.56%-36.5%1.91%37.26%
EBITDA+30.06M30.64M-56.5M-127.95M-177.76M-174.25M-108.06M
EBITDA Margin %801.07%661.36%-1214.51%-1516.04%-4554.5%-6006.48%-3331.23%
EBITDA Growth %-1.95%-284.39%-126.47%-38.93%1.98%37.98%
D&A (Non-Cash Add-back)3.88M4.04M4.25M4.21M2.64M2.7M2.95M
EBIT-29.35M-29.3M-66.49M-158.63M-213.7M-137.65M-120.89M
Net Interest Income+-114K-175K-1.53M-972K-2.96M-2.58M-4.14M
Interest Income0000000
Interest Expense114K175K1.53M972K2.96M2.58M4.14M
Other Income/Expense-55.64M-56.07M-7.28M-27.44M-36.26M36.71M-14.02M
Pretax Income+-29.46M-29.47M-68.03M-159.6M-216.66M-140.24M-125.03M
Pretax Margin %-785.21%-636.11%-1462.32%-1891.03%-5551.09%-4834.13%-3854.35%
Income Tax+-717K381K484K618K-584K32K12K
Effective Tax Rate %83.62%85.62%87.2%93.87%92.02%91.72%84.68%
Net Income+-24.63M-25.23M-59.32M-149.81M-199.38M-128.62M-105.87M
Net Margin %-656.56%-544.66%-1275.15%-1775.04%-5108.3%-4433.71%-3263.69%
Net Income Growth %--2.44%-135.08%-152.55%-33.08%35.49%17.69%
Net Income (Continuing)-28.74M-29.85M-68.51M-160.22M-216.07M-140.27M-125.05M
Discontinued Operations0000000
Minority Interest-235K6.71M5.88M-3.93M2.03M11.79M7.46M
EPS (Diluted)+-0.31-0.32-0.74-1.61-1.95-1.07-0.79
EPS Growth %--3.23%-131.25%-117.57%-21.12%45.13%26.17%
EPS (Basic)-0.31-0.32-0.74-1.61-1.95-1.07-0.79
Diluted Shares Outstanding92.61M92.61M92.61M92.96M102.49M120.41M133.58M
Basic Shares Outstanding92.61M92.61M92.61M92.96M102.49M120.41M133.58M
Dividend Payout Ratio-------

Balance Sheet

Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024Dec 2025
Total Current Assets+9.61M16.83M58.27M151.03M216.49M69.29M180.19M
Cash & Short-Term Investments4.7M9.34M49.85M139.66M205.04M40.97M176.27M
Cash Only4.7M9.34M49.85M139.66M205.04M40.97M176.27M
Short-Term Investments0000000
Accounts Receivable892K2.84M1.39M1.5M3.33M21.57M526K
Days Sales Outstanding86.78223.82108.6764.74311.042.71K59.18
Inventory2.52M3.54M5.88M5.65M5.01M00
Days Inventory Outstanding509.71723.461.41K657.58612.77--
Other Current Assets786K00004.34M3.39M
Total Non-Current Assets+43.17M54.9M95.27M109.45M270.74M305.65M303.94M
Property, Plant & Equipment13.33M34.4M75.56M90.69M222.94M235.54M9.29M
Fixed Asset Turnover0.28x0.13x0.06x0.09x0.02x0.01x0.35x
Goodwill0000000
Intangible Assets10.39M7.45M4.34M1.25M123K00
Long-Term Investments14.74M8.92M9.5M8.22M42.12M66.63M59.62M
Other Non-Current Assets4.72M1.33M2.31M9.3M5.56M3.47M234.17M
Total Assets+52.78M71.72M153.53M260.49M487.23M374.93M484.13M
Asset Turnover0.07x0.06x0.03x0.03x0.01x0.01x0.01x
Asset Growth %-35.89%114.07%69.66%87.04%-23.05%29.13%
Total Current Liabilities+17.7M15.22M40.58M17.43M39.72M33.42M53.88M
Accounts Payable870K1.32M5.72M4.58M12.86M6.31M7.79M
Days Payables Outstanding175.83269.711.37K5331.57K2.26K42.22
Short-Term Debt7.92M5.76M0012.67M12.41M34.82M
Deferred Revenue (Current)02.42M3.48M2.78M2.4M00
Other Current Liabilities7.12M108K26.56M07.61M4.1M11.27M
Current Ratio0.54x1.11x1.44x8.66x5.45x2.07x3.34x
Quick Ratio0.40x0.87x1.29x8.34x5.32x2.07x3.34x
Cash Conversion Cycle420.65677.57146.37189.32-648.03--
Total Non-Current Liabilities+4.47M7.8M85.13M40.61M71.22M61.09M6.69M
Long-Term Debt0078.83M25.92M64.62M55.1M1.08M
Capital Lease Obligations685K143K55K403K1.2M1.56M1.08M
Deferred Tax Liabilities06.31M5.38M3.89M4.84M4.05M5.61M
Other Non-Current Liabilities3.78M1.35M865K10.4M562K370K-1.08M
Total Liabilities22.17M23.03M125.72M58.04M110.94M94.5M60.56M
Total Debt+9.26M6.48M79.23M27.03M79.19M69.86M36.98M
Net Debt4.56M-2.86M29.38M-112.63M-125.86M28.89M-139.3M
Debt / Equity0.30x0.13x2.85x0.13x0.21x0.25x0.09x
Debt / EBITDA0.31x0.21x-----
Net Debt / EBITDA0.15x-0.09x-----
Interest Coverage229.65x152.01x-39.60x-135.97x-60.95x-68.45x-26.81x
Total Equity+30.61M48.69M27.81M202.45M376.28M280.43M423.57M
Equity Growth %-59.1%-42.88%627.86%85.87%-25.47%51.04%
Book Value per Share0.330.530.302.183.672.333.17
Total Shareholders' Equity30.84M41.98M21.93M206.38M374.25M268.64M416.11M
Common Stock32.13M43.52M6K9K12K12K15K
Retained Earnings00-52.31M-202.13M-401.5M-530.13M-636M
Treasury Stock0000000
Accumulated OCI-1.29M-1.54M-1.5M-1.19M-2.07M-3.28M-3.61M
Minority Interest-235K6.71M5.88M-3.93M2.03M11.79M7.46M

Cash Flow

Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024Dec 2025
Cash from Operations+-22.98M-22.98M-47.83M-115.73M-150.51M-162.1M-89.2M
Operating CF Margin %-612.45%-496.09%-1028.2%-1371.26%-3856.39%-5587.59%-2749.69%
Operating CF Growth %--0.02%-108.11%-141.96%-30.05%-7.69%44.97%
Net Income-28.74M-29.85M-68.51M-160.22M-199.38M-128.62M-105.87M
Depreciation & Amortization3.88M4.04M4.25M4.21M2.64M2.7M5.79M
Stock-Based Compensation382K1.15M3.67M4.83M20.96M011.66M
Deferred Taxes-717K-267K495K618K-583K00
Other Non-Cash Items3.56M2.96M6.66M37.31M24.58M-30.93M1.66M
Working Capital Changes-1.33M-1.01M5.61M-2.48M1.26M-5.25M-2.44M
Change in Receivables-568K-312K1.46M-112K0385K1.04M
Change in Inventory-9K-1.02M-2.34M-2.08M542K-1.51M0
Change in Payables-393K05.48M00-7.86M0
Cash from Investing+-9.49M-16.75M-22.63M-48.38M-150.77M11.91M24.84M
Capital Expenditures-4.01M-16.73M-18.39M-44.41M-82.08M-13.57M-5.11M
CapEx % of Revenue106.77%361.02%395.36%526.2%2103.13%467.77%157.49%
Acquisitions-5.32M0-870K-3.97M026.61M29.95M
Investments-------
Other Investing-171K-20K-1.76M0-68.68M00
Cash from Financing+33.96M44.09M110.98M254.41M366.45M-7.49M194.47M
Debt Issued (Net)2.52M-2.58M72.86M96.2M4M-7.08M-41.24M
Equity Issued (Net)001000K1000K1000K867K1000K
Dividends Paid0000000
Share Repurchases000000-626K
Other Financing31.43M46.67M28.44M160K42.83M-1.27M-759K
Net Change in Cash1.61M4.64M40.51M89.81M65.38M-159.73M130.96M
Free Cash Flow+-26.98M-39.71M-66.22M-160.15M-232.6M-165.03M-93.2M
FCF Margin %-719.22%-857.11%-1423.56%-1897.45%-5959.52%-5688.59%-2873.09%
FCF Growth %--47.16%-66.77%-141.82%-45.24%29.05%43.52%
FCF per Share-0.29-0.43-0.72-1.72-2.27-1.37-0.70
FCF Conversion (FCF/Net Income)0.93x0.91x0.81x0.77x0.75x1.26x0.84x
Interest Paid057K00000
Taxes Paid0648K634K666K1.2M00

Key Ratios

Metric2019202020212022202320242025
Return on Equity (ROE)-80.49%-63.64%-155.07%-130.12%-68.9%-39.17%-30.08%
Return on Invested Capital (ROIC)55.84%49.26%-88.45%-134.86%-79.53%-47.42%-28.05%
Gross Margin51.87%61.47%67.33%62.86%23.49%64.91%-1976.57%
Net Margin-656.56%-544.66%-1275.15%-1775.04%-5108.3%-4433.71%-3263.69%
Debt / Equity0.30x0.13x2.85x0.13x0.21x0.25x0.09x
Interest Coverage229.65x152.01x-39.60x-135.97x-60.95x-68.45x-26.81x
FCF Conversion0.93x0.91x0.81x0.77x0.75x1.26x0.84x
Revenue Growth-23.48%0.41%81.43%-53.76%-25.67%11.82%

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