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

IE • • Industrial / General
TechnologyApplication SoftwareArtificial Intelligence & AnalyticsAI Analytics Platforms
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 -25.7%
  • EBITDA -$174M +2.0%
  • Net Income -$129M +35.5%
  • EPS (Diluted) -1.07 +45.1%
  • Gross Margin 64.91% +176.3%
  • EBITDA Margin -6006.48% -31.9%
  • Operating Margin -6099.66% -32.0%
  • Net Margin -4433.71% +13.2%
  • ROE -39.17% +43.1%
  • ROIC -47.42% +40.4%
  • Debt/Equity 0.25 +18.4%
  • Interest Coverage -68.45 -12.3%
Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

  • ✓Momentum leader: RS Rating 94 (top 6%)
  • ✓High quality earnings: Operating CF exceeds net income
  • ✓Trading near 52-week high

✗Weaknesses

  • ✗Weak Piotroski F-Score: 2/9
  • ✗Negative free cash flow
  • ✗Sales declining 5.0% over 5 years
  • ✗Shares diluted 17.5% 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-5.01%
3Y-14.56%
TTM13.58%

Profit (Net Income) CAGR

10Y-
5Y-
3Y-
TTM71.47%

EPS CAGR

10Y-
5Y-
3Y-
TTM90.63%

ROCE

10Y Avg-18.39%
5Y Avg-36.99%
3Y Avg-57.12%
Latest-44.85%

Peer Comparison

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Profit & Loss

Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024
Sales/Revenue+3.75M4.63M4.65M8.44M3.9M2.9M
Revenue Growth %-0.23%0%0.81%-0.54%-0.26%
Cost of Goods Sold+1.81M1.78M1.52M3.13M2.99M1.02M
COGS % of Revenue0.48%0.39%0.33%0.37%0.77%0.35%
Gross Profit+1.95M2.85M3.13M5.3M917K1.88M
Gross Margin %0.52%0.61%0.67%0.63%0.23%0.65%
Gross Profit Growth %-0.46%0.1%0.69%-0.83%1.05%
Operating Expenses+-24.23M-23.75M63.88M137.47M181.32M178.83M
OpEx % of Revenue-6.46%-5.13%13.73%16.29%46.46%61.65%
Selling, General & Admin11.05M11.73M20.55M27.14M48.48M45.04M
SG&A % of Revenue2.94%2.53%4.42%3.22%12.42%15.52%
Research & Development4.17M3.63M3.83M5.04M6.12M2.85M
R&D % of Revenue1.11%0.78%0.82%0.6%1.57%0.98%
Other Operating Expenses-39.45M-39.11M39.51M105.29M126.72M130.94M
Operating Income+26.18M26.6M-60.75M-132.16M-180.4M-176.95M
Operating Margin %6.98%5.74%-13.06%-15.66%-46.22%-61%
Operating Income Growth %-0.02%-3.28%-1.18%-0.36%0.02%
EBITDA+30.06M30.64M-56.5M-127.95M-177.76M-174.25M
EBITDA Margin %8.01%6.61%-12.15%-15.16%-45.54%-60.06%
EBITDA Growth %-0.02%-2.84%-1.26%-0.39%0.02%
D&A (Non-Cash Add-back)3.88M4.04M4.25M4.21M2.64M2.7M
EBIT-29.35M-29.3M-66.49M-158.63M-213.7M-137.65M
Net Interest Income+-114K-175K-1.53M-972K-2.96M-2.58M
Interest Income000000
Interest Expense114K175K1.53M972K2.96M2.58M
Other Income/Expense-55.64M-56.07M-7.28M-27.44M-36.26M36.71M
Pretax Income+-29.46M-29.47M-68.03M-159.6M-216.66M-140.24M
Pretax Margin %-7.85%-6.36%-14.62%-18.91%-55.51%-48.34%
Income Tax+-717K381K484K618K-584K32K
Effective Tax Rate %0.84%0.86%0.87%0.94%0.92%0.92%
Net Income+-24.63M-25.23M-59.32M-149.81M-199.38M-128.62M
Net Margin %-6.57%-5.45%-12.75%-17.75%-51.08%-44.34%
Net Income Growth %--0.02%-1.35%-1.53%-0.33%0.35%
Net Income (Continuing)-28.74M-29.85M-68.51M-160.22M-216.07M-140.27M
Discontinued Operations000000
Minority Interest-235K6.71M5.88M-3.93M2.03M11.79M
EPS (Diluted)+-0.31-0.32-0.74-1.72-1.95-1.07
EPS Growth %--0.03%-1.31%-1.32%-0.13%0.45%
EPS (Basic)-0.31-0.32-0.74-1.72-1.95-1.07
Diluted Shares Outstanding92.61M92.61M92.61M92.96M102.49M120.41M
Basic Shares Outstanding92.61M92.61M92.61M92.96M102.49M120.41M
Dividend Payout Ratio------

Balance Sheet

Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024
Total Current Assets+9.61M16.83M58.27M151.03M216.49M69.29M
Cash & Short-Term Investments4.7M9.34M49.85M139.66M205.04M40.97M
Cash Only4.7M9.34M49.85M139.66M205.04M40.97M
Short-Term Investments000000
Accounts Receivable892K2.84M1.39M1.5M3.33M21.57M
Days Sales Outstanding86.78223.82108.6764.74311.042.71K
Inventory2.52M3.54M5.88M5.65M5.01M0
Days Inventory Outstanding509.71723.461.41K657.58612.77-
Other Current Assets786K00004.34M
Total Non-Current Assets+43.17M54.9M95.27M109.45M270.74M305.65M
Property, Plant & Equipment13.33M34.4M75.56M90.69M222.94M235.54M
Fixed Asset Turnover0.28x0.13x0.06x0.09x0.02x0.01x
Goodwill000000
Intangible Assets10.39M7.45M4.34M1.25M123K0
Long-Term Investments14.74M8.92M9.5M8.22M42.12M66.63M
Other Non-Current Assets4.72M1.33M2.31M9.3M5.56M3.47M
Total Assets+52.78M71.72M153.53M260.49M487.23M374.93M
Asset Turnover0.07x0.06x0.03x0.03x0.01x0.01x
Asset Growth %-0.36%1.14%0.7%0.87%-0.23%
Total Current Liabilities+17.7M15.22M40.58M17.43M39.72M33.42M
Accounts Payable870K1.32M5.72M4.58M12.86M6.31M
Days Payables Outstanding175.83269.711.37K5331.57K2.26K
Short-Term Debt7.92M5.76M0012.67M12.41M
Deferred Revenue (Current)01000K1000K1000K1000K0
Other Current Liabilities7.12M108K26.56M07.61M4.1M
Current Ratio0.54x1.11x1.44x8.66x5.45x2.07x
Quick Ratio0.40x0.87x1.29x8.34x5.32x2.07x
Cash Conversion Cycle420.65677.57146.37189.32-648.03-
Total Non-Current Liabilities+4.47M7.8M85.13M40.61M71.22M61.09M
Long-Term Debt0078.83M25.92M64.62M55.1M
Capital Lease Obligations685K143K55K403K1.2M1.56M
Deferred Tax Liabilities06.31M5.38M3.89M4.84M4.05M
Other Non-Current Liabilities3.78M1.35M865K10.4M562K370K
Total Liabilities22.17M23.03M125.72M58.04M110.94M94.5M
Total Debt+9.26M6.48M79.23M27.03M79.19M69.86M
Net Debt4.56M-2.86M29.38M-112.63M-125.86M28.89M
Debt / Equity0.30x0.13x2.85x0.13x0.21x0.25x
Debt / EBITDA0.31x0.21x----
Net Debt / EBITDA0.15x-0.09x----
Interest Coverage229.65x152.01x-39.60x-135.97x-60.95x-68.45x
Total Equity+30.61M48.69M27.81M202.45M376.28M280.43M
Equity Growth %-0.59%-0.43%6.28%0.86%-0.25%
Book Value per Share0.330.530.302.183.672.33
Total Shareholders' Equity30.84M41.98M21.93M206.38M374.25M268.64M
Common Stock32.13M43.52M6K9K12K12K
Retained Earnings00-52.31M-202.13M-401.5M-530.13M
Treasury Stock000000
Accumulated OCI-1.29M-1.54M-1.5M-1.19M-2.07M-3.28M
Minority Interest-235K6.71M5.88M-3.93M2.03M11.79M

Cash Flow

Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024
Cash from Operations+-22.98M-22.98M-47.83M-115.73M-150.51M-162.1M
Operating CF Margin %-6.12%-4.96%-10.28%-13.71%-38.56%-55.88%
Operating CF Growth %--0%-1.08%-1.42%-0.3%-0.08%
Net Income-28.74M-29.85M-68.51M-160.22M-199.38M-128.62M
Depreciation & Amortization3.88M4.04M4.25M4.21M2.64M2.7M
Stock-Based Compensation382K1.15M3.67M4.83M20.96M0
Deferred Taxes-717K-267K495K618K-583K0
Other Non-Cash Items3.56M2.96M6.66M37.31M24.58M-30.93M
Working Capital Changes-1.33M-1.01M5.61M-2.48M1.26M-5.25M
Change in Receivables-568K-312K1.46M-112K0385K
Change in Inventory-9K-1.02M-2.34M-2.08M542K-1.51M
Change in Payables-393K05.48M00-7.86M
Cash from Investing+-9.49M-16.75M-22.63M-48.38M-150.77M11.91M
Capital Expenditures-4.01M-16.73M-18.39M-44.41M-82.08M-13.57M
CapEx % of Revenue1.07%3.61%3.95%5.26%21.03%4.68%
Acquisitions------
Investments------
Other Investing-171K-20K-1.76M0-68.68M0
Cash from Financing+33.96M44.09M110.98M254.41M366.45M-7.49M
Debt Issued (Net)------
Equity Issued (Net)------
Dividends Paid000000
Share Repurchases------
Other Financing31.43M46.67M28.44M160K42.83M-1.27M
Net Change in Cash------
Free Cash Flow+-26.98M-39.71M-66.22M-160.15M-232.6M-165.03M
FCF Margin %-7.19%-8.57%-14.24%-18.97%-59.6%-56.89%
FCF Growth %--0.47%-0.67%-1.42%-0.45%0.29%
FCF per Share-0.29-0.43-0.72-1.72-2.27-1.37
FCF Conversion (FCF/Net Income)0.93x0.91x0.81x0.77x0.75x1.26x
Interest Paid057K0000
Taxes Paid0648K634K666K1.2M0

Key Ratios

Metric201920202021202220232024
Return on Equity (ROE)-80.49%-63.64%-155.07%-130.12%-68.9%-39.17%
Return on Invested Capital (ROIC)55.84%49.26%-88.45%-134.86%-79.53%-47.42%
Gross Margin51.87%61.47%67.33%62.86%23.49%64.91%
Net Margin-656.56%-544.66%-1275.15%-1775.04%-5108.3%-4433.71%
Debt / Equity0.30x0.13x2.85x0.13x0.21x0.25x
Interest Coverage229.65x152.01x-39.60x-135.97x-60.95x-68.45x
FCF Conversion0.93x0.91x0.81x0.77x0.75x1.26x
Revenue Growth-23.48%0.41%81.43%-53.76%-25.67%

Revenue by Segment

202220232024
Data Processing847K1.3M2.83M
Data Processing Growth-53.48%117.77%
Renewable energy storage systems711K2.6M70K
Renewable energy storage systems Growth-266.10%-97.31%
Software licensing6.88M--
Software licensing Growth---

Revenue by Geography

202220232024
CANADA7.73M1.3M2.83M
CANADA Growth--83.18%117.77%
CHINA711K2.6M70K
CHINA Growth-266.10%-97.31%

Frequently Asked Questions

Growth & Financials

Ivanhoe Electric Inc. (IE) reported $3.7M in revenue for fiscal year 2024. This represents a 2% decrease from $3.8M in 2019.

Ivanhoe Electric Inc. (IE) saw revenue decline by 25.7% over the past year.

Ivanhoe Electric Inc. (IE) reported a net loss of $55.0M for fiscal year 2024.

Dividend & Returns

Ivanhoe Electric Inc. (IE) has a return on equity (ROE) of -39.2%. Negative ROE indicates the company is unprofitable.

Ivanhoe Electric Inc. (IE) had negative free cash flow of $97.1M in fiscal year 2024, likely due to heavy capital investments.

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