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Novonix Limited (NVX) 10-Year Financial Performance & Capital Metrics

NVX • • Industrial / General
IndustrialsElectrical EquipmentBattery Materials & ComponentsAdvanced Battery Technologies
AboutNovonix Limited develops and supplies battery materials, equipment, and services to the lithium-ion battery market in North America. It operates through three segments: Graphite Exploration and Mining, Battery Technology, and Battery Materials. The Graphite Exploration and Mining segment explores for graphite in Australia. The Battery Technology segment develops battery cell testing equipment and batteries, and consulting services. The Battery Materials segment develops and manufactures battery anode materials. The company is also involved in the investment and battery testing activities. Novonix Limited has strategic alliance with Harper International Corporation to develop specialized furnace technology that would enhance Novonix's synthetic graphite manufacturing process; and partnership with Emera Technologies to develop and manufacture energy storage systems for community microgrids. The company was formerly known as Graphitecorp Limited and changed its name to Novonix Limited in July 2017. Novonix Limited was incorporated in 2012 and is headquartered in Brisbane, Australia.Show more
  • Revenue $6M -51.8%
  • EBITDA -$47M -15.3%
  • Net Income -$75M -61.8%
  • EPS (Diluted) -0.60 -7.1%
  • Gross Margin 69.76% -9.1%
  • EBITDA Margin -801.94% -138.9%
  • Operating Margin -879.99% -134.8%
  • Net Margin -1278.04% -235.3%
  • ROE -46.54% -68.7%
  • ROIC -25.58% +7.9%
  • Debt/Equity 0.51 +38.0%
  • Interest Coverage -14.48 +8.8%
Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

  • ✓Trading at only 1.2x book value

✗Weaknesses

  • ✗Weak Piotroski F-Score: 1/9
  • ✗Negative free cash flow
  • ✗Trading more than 30% below 52-week high
  • ✗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-
5Y6.6%
3Y-1.37%
TTM20.6%

Profit (Net Income) CAGR

10Y-
5Y-
3Y-
TTM-3.02%

EPS CAGR

10Y-
5Y-
3Y-
TTM-8.7%

ROCE

10Y Avg-31.17%
5Y Avg-18.37%
3Y Avg-20.23%
Latest-23.67%

Peer Comparison

Advanced Battery Technologies
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Sector-Specific
NameMarket CapCurrent PriceP/E RatioRevenue Growth 1YNet MarginROEFCF YieldDebt/Equity
SDSTWStardust Power Inc.0.11-0.19-8.42%
SDSTStardust Power Inc.35.84M3.65-0.66
STISolidion Technology Inc.63.75M8.79-0.68-100%-640.89%
NVXNovonix Limited285.63M1.36-2.27-51.75%-8.76%-81.63%0.51
ENVXEnovix Corporation1.69B7.82-6.16201.86%-481.35%-61.96%0.77
SLDPSolid Power, Inc.1.08B5.63-10.4315.67%-468.64%-25.42%0.02
LTBRLightbridge Corporation568.76M17.57-21.69-10.64%
AMPXAmprius Technologies, Inc.1.32B10.15-22.56168.08%-53.16%-30.09%0.54

Profit & Loss

Jun 2016Jun 2017Jun 2018Jun 2019Jun 2020Jun 2021Jun 2022Dec 2022Dec 2023Dec 2024
Sales/Revenue+20.7K80.81K2.17M1.82M4.25M5.23M6.1M3.69M12.13M5.85M
Revenue Growth %-2.9%25.88%-0.16%1.34%0.23%0.17%-0.39%2.29%-0.52%
Cost of Goods Sold+01.41M2.77M3.34M6.7M8.51M1.72M24.32M2.82M1.77M
COGS % of Revenue-17.4%1.27%1.84%1.57%1.63%0.28%6.59%0.23%0.3%
Gross Profit+20.7K-1.32M-596.8K-1.52M-2.44M-3.28M4.38M-20.63M9.32M4.08M
Gross Margin %1%-16.4%-0.27%-0.84%-0.57%-0.63%0.72%-5.59%0.77%0.7%
Gross Profit Growth %--65.01%0.55%-1.55%-0.6%-0.34%2.34%-5.71%1.45%-0.56%
Operating Expenses+1.12M4.13M7.84M9.77M13.1M12.7M52.42M18.45M5.24M55.6M
OpEx % of Revenue54.22%51.13%3.61%5.38%3.08%2.43%8.59%5%0.43%9.5%
Selling, General & Admin954.79K4.2M6.98M8.32M13.1M12.7M39.86M15.69M44.78M49.08M
SG&A % of Revenue46.12%51.94%3.21%4.58%3.08%2.43%6.53%4.25%3.69%8.38%
Research & Development00002.35M5.71M5.1M2.76M5.75M4.85M
R&D % of Revenue----0.55%1.09%0.84%0.75%0.47%0.83%
Other Operating Expenses15.46K83.26K91.56K231.05K580.03K14.54K605.04K001.68M
Operating Income+-1.1M-5.46M-8.44M-11.29M-15.54M-15.98M-47.47M-39.08M-45.47M-51.52M
Operating Margin %-53.36%-67.52%-3.88%-6.22%-3.65%-3.06%-7.78%-10.58%-3.75%-8.8%
Operating Income Growth %-279.33%-3.94%-0.55%-0.34%-0.38%-0.03%-1.97%0.18%-0.16%-0.13%
EBITDA+-1.1M-5.45M-8.28M-10.8M-14.16M-14.28M-43.26M-35.57M-40.73M-46.95M
EBITDA Margin %-53.22%-67.46%-3.81%-5.94%-3.33%-2.73%-7.09%-9.63%-3.36%-8.02%
EBITDA Growth %-278.59%-3.95%-0.52%-0.3%-0.31%-0.01%-2.03%0.18%-0.15%-0.15%
D&A (Non-Cash Add-back)2.9K5.32K154.25K494.95K1.38M1.7M4.21M3.52M4.74M4.57M
EBIT-1.09M-4.26M-7.09M-17.47M-11.07M-13.31M-50.39M-53.84M-43.6M-71.18M
Net Interest Income+0-561.09K-481.86K-1.09M-3.57M-144.96K-1.5M-1.85M-1.25M-2.19M
Interest Income10.48K4.37K4.95K3.17K48526.16K8.31K26.54K1.61M1.37M
Interest Expense0565.46K486.81K1.1M3.57M171.12K1.47M1.29M2.87M3.56M
Other Income/Expense-153.35K-717.32K-431.17K-14.46M-6.63M-2.09M-3.82M1M-976.64K-23.21M
Pretax Income+-1.24M-6.17M-8.87M-25.75M-20.03M-18.08M-51.86M-38.08M-46.45M-74.72M
Pretax Margin %-60.09%-76.4%-4.08%-14.17%-4.71%-3.46%-8.5%-10.31%-3.83%-12.76%
Income Tax+5-243.07K13.4K-383.65K0001-199.95K97.69K
Effective Tax Rate %1%0.99%1.16%1.01%1%1%1%1%1%1%
Net Income+-1.24M-6.14M-10.32M-26.12M-20.03M-18.08M-51.86M-38.08M-46.25M-74.82M
Net Margin %-60.09%-75.93%-4.75%-14.38%-4.71%-3.46%-8.5%-10.31%-3.81%-12.78%
Net Income Growth %-314.84%-3.93%-0.68%-1.53%0.23%0.1%-1.87%0.27%-0.21%-0.62%
Net Income (Continuing)-1.24M-5.93M-10.32M-25.37M-20.03M-18.08M-51.86M-55.73M-46.25M-74.82M
Discontinued Operations0000000000
Minority Interest0000000000
EPS (Diluted)+-0.06-0.22-0.26-0.22-0.17-0.16-0.44-0.30-0.56-0.60
EPS Growth %--2.74%-0.18%0.15%0.23%0.06%-1.75%0.32%-0.87%-0.07%
EPS (Basic)-0.06-0.22-0.26-0.22-0.17-0.16-0.44-0.30-0.56-0.60
Diluted Shares Outstanding116.11M116.11M116.11M116.11M116.11M116.11M116.11M121.65M121.87M124.22M
Basic Shares Outstanding116.11M116.11M116.11M116.11M116.11M116.11M116.11M121.65M121.87M124.22M
Dividend Payout Ratio----------

Balance Sheet

Jun 2016Jun 2017Jun 2018Jun 2019Jun 2020Jun 2021Jun 2022Dec 2022Dec 2023Dec 2024
Total Current Assets+1.7M3.11M1.85M7.85M41.4M144.03M162.22M79.38M89.15M57.3M
Cash & Short-Term Investments1.67M2.42M396.22K6.05M38.81M136.66M142.74M73.93M78.63M42.56M
Cash Only1.67M2.42M396.22K6.05M38.81M136.66M142.74M73.93M115.49M42.56M
Short-Term Investments00000000702.87K0
Accounts Receivable38.76K289.99K595.91K478.4K1.23M2.04M2.45M1.95M3.56M8.16M
Days Sales Outstanding683.381.31K100.1596.1105.36142.65146.72192.29107.21508.63
Inventory0318.69K646.14K1.12M1.37M2.78M1.87M2.16M2M1.38M
Days Inventory Outstanding-82.7585.18122.0574.5119.32396.2332.47259.22285.3
Other Current Assets0153.12K250.99K126.17K01.63M10.09M03.01M3.5M
Total Non-Current Assets+1.22M32.39M35.2M27.07M33.85M58.83M140.76M110.22M174.19M168.8M
Property, Plant & Equipment16.96K150.38K2.44M5.98M12.47M38.99M111.56M89M144.28M155.67M
Fixed Asset Turnover1.22x0.54x0.89x0.30x0.34x0.13x0.05x0.04x0.08x0.04x
Goodwill03.4M4.55M17.04M17.41M15.95M11.98M8.18M11.98M11.98M
Intangible Assets0408.25K5.03M18.23M18.37M16.58M389.75K8.32M10.41K0
Long-Term Investments013.09M11.64M00016.67M11.27M16.63M0
Other Non-Current Assets1.2M12.68M8.71M-14.19M-14.4M-12.69M168.71K1.63M1.32M1.16M
Total Assets+2.92M35.5M37.05M34.92M75.26M202.86M302.98M189.59M263.34M226.1M
Asset Turnover0.01x0.00x0.06x0.05x0.06x0.03x0.02x0.02x0.05x0.03x
Asset Growth %26.29%11.14%0.04%-0.06%1.16%1.7%0.49%-0.37%0.39%-0.14%
Total Current Liabilities+211.93K13.13M973.03K6.13M4.01M5.35M7.89M5.79M7.84M46.24M
Accounts Payable45.24K257.82K331.79K1.31M2.47M1.37M2.65M2.81M1.34M998.26K
Days Payables Outstanding-66.9443.74142.89134.6758.76561.2742.13173.91205.8
Short-Term Debt09.22M86.89K4.15M189.08K124.77K119.97K78.01K1.97M30.64M
Deferred Revenue (Current)000098.78K310.1K2.71K49.19K418K126.06K
Other Current Liabilities166.69K3.66M554.35K677.5K1.25M1.65M896.08K750.98K-1.07M6.76M
Current Ratio8.04x0.24x1.90x1.28x10.33x26.90x20.56x13.72x11.37x1.24x
Quick Ratio8.04x0.21x1.24x1.10x9.99x26.38x20.32x13.35x11.12x1.21x
Cash Conversion Cycle-1.33K141.5975.2645.19203.21-18.32182.62192.52588.13
Total Non-Current Liabilities+03.95M6.9M18.25M10.94M19.33M43.96M32.41M105M42.26M
Long-Term Debt02.43M1.21M18.25M8.16M12.21M35.95M27.06M99.28M32.78M
Capital Lease Obligations00002.78M7.12M5.01M4.83M4.48M6.49M
Deferred Tax Liabilities01.52M2.83M00001.25M00
Other Non-Current Liabilities005.69M0005.94K01.24M0
Total Liabilities211.93K17.08M7.87M24.38M14.94M24.68M51.85M38.2M83.74M88.51M
Total Debt+011.64M4.16M22.39M11.35M20.01M41.41M31.34M68.22M70.42M
Net Debt-1.67M9.23M3.76M16.34M-27.46M-116.65M-101.32M-42.58M-10.49M27.86M
Debt / Equity-0.63x0.14x2.12x0.19x0.11x0.16x0.21x0.37x0.51x
Debt / EBITDA----------
Net Debt / EBITDA----------
Interest Coverage--9.65x-17.33x-10.30x-4.35x-93.40x-32.33x-30.31x-15.87x-14.48x
Total Equity+2.71M18.41M29.18M10.54M60.31M178.18M251.13M151.39M183.94M137.59M
Equity Growth %691.64%5.79%0.58%-0.64%4.72%1.95%0.41%-0.4%0.21%-0.25%
Book Value per Share0.020.160.250.090.521.532.161.241.511.11
Total Shareholders' Equity2.71M18.41M29.18M10.54M60.31M178.18M251.13M151.39M183.94M137.59M
Common Stock3.95M22.21M38.16M38.16M99.85M233.2M338.01M231.06M338.43M367.54M
Retained Earnings-1.25M-7.38M-17.71M-43.83M-63.86M-81.93M-110.74M-94.72M-184.85M-259.67M
Treasury Stock0000000000
Accumulated OCI11.58K3.59M8.73M16.21M24.32M26.91M23.86M15.05M30.36M29.72M
Minority Interest0000000000

Cash Flow

Jun 2016Jun 2017Jun 2018Jun 2019Jun 2020Jun 2021Jun 2022Dec 2022Dec 2023Dec 2024
Cash from Operations+-467.27K-749.64K-2.87M-2.81M-3.75M-6.09M-29.23M-12.89M-36.23M-40.42M
Operating CF Margin %-22.57%-9.28%-1.32%-1.55%-0.88%-1.16%-4.79%-3.49%-2.99%-6.9%
Operating CF Growth %-1768.95%-0.6%-2.83%0.02%-0.34%-0.62%-3.8%0.56%-1.81%-0.12%
Net Income-926.58K-4.72M-7.64M-18.34M-13.43M-13.45M-51.86M-38.08M-46.25M-74.82M
Depreciation & Amortization2.16K7.14K114.17K7.84M1.18M1.26M4.21M3.52M4.74M4.57M
Stock-Based Compensation452.16K2.75M005.07M4.47M14.68M03.83M5.52M
Deferred Taxes00074.31K-4.41M-2.85M2.79M-4.91M00
Other Non-Cash Items4.99K1.21M-40.2K3.01M8.5M6.09M-172.95K27.03M961.98K21.26M
Working Capital Changes9.6K1.78M-1.35M-74.31K-654.85K-1.62M1.12M1.55M491.56K3.05M
Change in Receivables0000-654.85K-1.62M0158.79K-582.43K1.6M
Change in Inventory0000201.3K866.51K166.18K-945.58K1.23M455.64K
Change in Payables30.46K188.4K-124.52K288.42K387.2K-145.62K-90.69K916.22K-1.4M1.42M
Cash from Investing+-789.93K-11.16M-3.96M-5.16M-3.69M-19.68M-106.8M-16.1M-12.04M-18.17M
Capital Expenditures-1.04M-1.11M-2.07M-1.52M-3.68M-19.58M-83.79M-16.75M-19.69M-29.91M
CapEx % of Revenue50.32%13.74%0.95%0.83%0.86%3.75%13.73%4.54%1.62%5.11%
Acquisitions----------
Investments----------
Other Investing-615375.98K-10.89K-9.24K-10.97K-100K-10.24M651.24K7.65M11.73M
Cash from Financing+2.5M12.48M5.34M11.84M30.48M103.77M180.69M-531.57K44.16M25.21M
Debt Issued (Net)----------
Equity Issued (Net)----------
Dividends Paid-2.44M000000000
Share Repurchases----------
Other Financing-855.3K-32.03K-82.57K030.48M103.77M-2.64M-203.82K14.49M-1.88M
Net Change in Cash----------
Free Cash Flow+-1.51M-1.86M-4.94M-4.32M-7.43M-25.66M-113.02M-29.65M-55.42M-70.32M
FCF Margin %-72.89%-23.01%-2.27%-2.38%-1.75%-4.91%-18.52%-8.03%-4.57%-12.01%
FCF Growth %-5714.31%-0.23%-1.66%0.12%-0.72%-2.46%-3.4%0.74%-0.87%-0.27%
FCF per Share-0.01-0.02-0.04-0.04-0.06-0.22-0.97-0.24-0.45-0.57
FCF Conversion (FCF/Net Income)0.38x0.12x0.28x0.11x0.19x0.34x0.56x0.34x0.78x0.54x
Interest Paid0048.31K0000000
Taxes Paid0018.67K0000000

Key Ratios

Metric2015201620172018201920202021202220232024
Return on Equity (ROE)-91.83%-58.08%-43.38%-131.51%-56.53%-15.16%-24.16%-18.92%-27.58%-46.54%
Return on Invested Capital (ROIC)-158.82%-28.53%-20.89%-28.32%-39.03%-25.4%-33.7%-22.67%-27.79%-25.58%
Gross Margin100%-1639.69%-27.48%-83.84%-57.47%-62.71%71.73%-558.56%76.78%69.76%
Net Margin-6008.68%-7592.94%-475.32%-1437.6%-470.88%-345.8%-850.01%-1031.13%-381.13%-1278.04%
Debt / Equity-0.63x0.14x2.12x0.19x0.11x0.16x0.21x0.37x0.51x
Interest Coverage--9.65x-17.33x-10.30x-4.35x-93.40x-32.33x-30.31x-15.87x-14.48x
FCF Conversion0.38x0.12x0.28x0.11x0.19x0.34x0.56x0.34x0.78x0.54x
Revenue Growth-290.37%2587.76%-16.34%134.08%22.9%16.72%-39.46%228.54%-51.75%

Revenue by Segment

202120232024
Hardware Sales310.1K3M1.81M
Hardware Sales Growth-867.27%-39.80%

Frequently Asked Questions

Growth & Financials

Novonix Limited (NVX) reported $13.0M in revenue for fiscal year 2024.

Novonix Limited (NVX) saw revenue decline by 51.8% over the past year.

Novonix Limited (NVX) reported a net loss of $113.7M for fiscal year 2024.

Dividend & Returns

Novonix Limited (NVX) has a return on equity (ROE) of -46.5%. Negative ROE indicates the company is unprofitable.

Novonix Limited (NVX) had negative free cash flow of $119.7M in fiscal year 2024, likely due to heavy capital investments.

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