Last 23 quarters of trend data · Basic Materials · Lithium & Rare Earths
Quarterly valuation ratios — annualised for comparability. YoY Δ shows same-quarter-prior-year change.
| Metric | TTM | Q2 '26 | Q4 '25 | Q2 '25 | Q4 '24 | Q2 '24 | Q4 '23 | Q2 '23 | Q4 '22 | Q2 '22 | Q4 '21 | Q2 '21 | Q4 '20 | Q2 '20 | Q4 '19 | Q2 '19 | Q4 '18 | Q2 '18 | Q4 '17 | Q2 '17 | Q4 '16 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| P/E Ratio → | -0.41 | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | |
| P/S Ratio | 7.93 | — | 15.72 | 1.41 | 1.82 | 2.00 | 1.37 | 2.07 | 6.75 | 7.10 | — | — | — | — | — | — | — | — | — | — | — |
| — | — | +1044.5% | -31.9% | -73.0% | -71.9% | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | |
| P/B Ratio | 0.23 | 0.65 | 1.12 | 0.11 | 0.16 | 0.14 | 0.19 | 0.24 | 0.33 | 0.22 | — | — | — | — | — | — | — | — | — | — | — |
| — | +370.4% | +492.9% | -52.7% | -50.2% | -37.1% | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | |
| P/FCF | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | |
| EV / EBITDA | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | |
| EV / EBIT | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
Quarterly margins and returns. Watch for margin compression across consecutive quarters.
| Metric | TTM | Q2 '26 | Q4 '25 | Q2 '25 | Q4 '24 | Q2 '24 | Q4 '23 | Q2 '23 | Q4 '22 | Q2 '22 | Q4 '21 | Q2 '21 | Q4 '20 | Q2 '20 | Q4 '19 | Q2 '19 | Q4 '18 | Q2 '18 | Q4 '17 | Q2 '17 | Q4 '16 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | -433.3% | — | -344.6% | -521.4% | -361.9% | 63.3% | -207.0% | -425.2% | -558.6% | -534.3% | 219.6% | -91.3% | -27.1% | -167.8% | -7.3% | -65.2% | -112.2% | -65.2% | 60.4% | -1560.4% | -1639.7% |
| — | — | -66.5% | -22.6% | +35.2% | +111.8% | -194.3% | -365.9% | -1963.1% | -218.4% | +3096.9% | -40.1% | +75.9% | -157.6% | -112.1% | +95.8% | +93.2% | +96.0% | -39.6% | — | — | |
| Operating Margin | -929.6% | — | -920.6% | -938.6% | -731.9% | -1009.5% | -434.2% | -771.0% | -529.2% | -1058.2% | -1232.2% | -297.1% | -316.5% | -620.6% | -209.7% | -656.7% | -568.1% | -656.7% | -476.1% | -5042.2% | -6752.4% |
| — | — | -112.0% | -21.7% | -38.3% | +4.6% | +64.8% | -159.5% | -67.2% | -70.5% | -487.7% | +54.8% | +44.3% | +5.5% | +56.0% | +87.0% | +91.6% | +90.3% | +98.4% | — | — | |
| Net Margin | -1650.8% | — | -2592.8% | -714.7% | -1480.8% | -1047.7% | -424.0% | -713.4% | -1010.8% | -1031.1% | -1392.5% | -251.9% | -463.0% | -169.8% | -262.9% | -1915.4% | -711.8% | -1915.4% | -530.6% | -4640.6% | -7593.0% |
| — | — | -511.5% | -0.2% | -46.5% | -1.6% | +69.6% | -183.3% | -118.3% | -507.4% | -429.7% | +86.9% | +35.0% | +91.1% | +50.4% | +58.7% | +90.6% | +74.8% | +97.8% | — | — |
| Metric | TTM | Q2 '26 | Q4 '25 | Q2 '25 | Q4 '24 | Q2 '24 | Q4 '23 | Q2 '23 | Q4 '22 | Q2 '22 | Q4 '21 | Q2 '21 | Q4 '20 | Q2 '20 | Q4 '19 | Q2 '19 | Q4 '18 | Q2 '18 | Q4 '17 | Q2 '17 | Q4 '16 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | -63.0% | -16.0% | -49.0% | -14.5% | -31.1% | -20.3% | -14.1% | -19.5% | -7.2% | -9.5% | -20.7% | -6.5% | -20.5% | -7.8% | -69.7% | -132.1% | -23.3% | -84.2% | -20.9% | -27.8% | -53.3% |
| — | +20.9% | -247.7% | +25.5% | -329.2% | -114.2% | +32.0% | -198.6% | +64.7% | -21.9% | +70.2% | +95.0% | +12.0% | +90.8% | -232.9% | -375.2% | +56.3% | +42.0% | +63.0% | — | — | |
| ROA | -36.5% | -9.1% | -27.9% | -8.7% | -19.7% | -11.4% | -6.7% | -11.9% | -5.9% | -7.8% | -17.6% | -5.8% | -17.3% | -4.9% | -20.3% | -58.4% | -16.5% | -75.9% | -16.8% | -19.6% | -37.6% |
| — | +20.3% | -314.4% | +26.9% | -231.3% | -45.1% | +61.8% | -105.0% | +65.7% | -59.8% | +13.3% | +90.1% | -5.0% | +93.5% | -21.1% | -197.0% | +56.2% | +22.0% | +53.0% | +96.6% | — | |
| ROIC | -23.2% | -9.6% | -10.7% | -11.2% | -9.8% | -14.0% | -12.9% | -20.4% | -4.1% | -11.6% | -24.7% | -10.8% | -16.1% | -21.6% | -15.7% | -21.9% | -12.3% | -22.5% | -12.9% | -13.6% | -19.1% |
| — | +31.1% | +16.8% | +45.1% | -138.1% | -20.9% | +47.8% | -88.9% | +74.4% | +46.5% | -57.5% | +50.7% | -31.2% | +3.8% | -21.7% | -60.6% | +35.8% | +93.1% | +94.7% | — | — |
Quarterly solvency trend — watch for debt spikes or covenant pressure.
| Metric | TTM | Q2 '26 | Q4 '25 | Q2 '25 | Q4 '24 | Q2 '24 | Q4 '23 | Q2 '23 | Q4 '22 | Q2 '22 | Q4 '21 | Q2 '21 | Q4 '20 | Q2 '20 | Q4 '19 | Q2 '19 | Q4 '18 | Q2 '18 | Q4 '17 | Q2 '17 | Q4 '16 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 0.63 | 0.63 | 0.63 | 0.55 | 0.51 | 0.45 | 0.54 | 0.51 | 0.27 | 0.17 | 0.16 | 0.08 | 0.10 | 0.09 | 2.30 | 1.55 | 0.34 | 0.07 | 0.05 | 0.50 | 1.23 |
| — | +40.5% | +16.0% | +7.9% | +91.9% | +165.0% | +230.4% | +556.6% | +159.2% | +96.7% | -92.8% | -95.0% | -69.9% | +15.6% | +4991.2% | +210.2% | -72.2% | — | — | — | — | |
| Debt / EBITDA | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | 0.46 | — | — | — |
| — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | |
| Current Ratio | 1.07 | 0.97 | 1.07 | 0.93 | 1.24 | 6.15 | 2.39 | 17.45 | 13.72 | 20.56 | 20.56 | 26.92 | 4.18 | 7.17 | 0.40 | 1.28 | 0.82 | 1.41 | 2.17 | 0.18 | 3.27 |
| — | -84.3% | -55.4% | -94.7% | -91.0% | -70.1% | -88.4% | -35.2% | +227.9% | +186.9% | +5070.3% | +2001.2% | +413.2% | +408.3% | -81.6% | +603.8% | -75.1% | -86.9% | -77.6% | +215.0% | — | |
| Quick Ratio | 1.04 | 0.97 | 1.04 | 0.90 | 1.21 | 5.94 | 2.34 | 17.18 | 13.35 | 20.32 | 20.32 | 26.53 | 3.87 | 6.93 | 0.32 | 1.15 | 0.72 | 0.92 | 2.02 | 0.16 | 1.96 |
| — | -83.7% | -55.5% | -94.8% | -90.9% | -70.8% | -88.5% | -35.3% | +244.9% | +193.3% | +6347.3% | +2200.5% | +440.4% | +654.5% | -84.4% | +605.8% | -63.4% | -91.6% | -79.1% | +182.7% | — | |
| Interest Coverage | -6.83 | -7.35 | -6.17 | -10.02 | -26.38 | -14.22 | -9.21 | -29.97 | -30.31 | -28.54 | -32.23 | -70.16 | -68.51 | -2.44 | -3.26 | -18.79 | -7.64 | -122.67 | -5.48 | -4.34 | — |
| — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
Includes 30+ ratios · 23 years · Updated daily
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Quick answers to the most common questions about buying NVX stock.
Novonix Limited's current P/E is -0.4x. Quarterly P/E ratios can vary due to seasonal revenue patterns and one-time charges.
Novonix Limited's current operating margin is -929.6%. Margins have been compressing over recent quarters. Quarterly margins are particularly useful for identifying trend inflections that annual data smooths over.
Quarterly financial ratios reveal short-term trend shifts — margin compression, debt spikes, or valuation re-ratings — that annual figures smooth over. They're essential for active investors tracking Novonix Limited's business trajectory between earnings reports.