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Side-by-side financial comparison of Ivanhoe Electric Inc. (IE) and New Gold Inc. (NGD). Click either name above to swap in a different company.

New Gold Inc. is the larger business by last-quarter revenue ($44.1M vs $896.0K, roughly 49.3× Ivanhoe Electric Inc.).

Ivanhoe Electric Inc. is a critical minerals exploration and development firm focused on metals for global electrification. It targets high-grade copper, gold, silver and strategic deposits, with primary North American operations, supplying raw materials to renewable energy, EV and power grid infrastructure supply chains worldwide.

JB Hi-Fi Limited is an Australian consumer electronics retail company. It is publicly listed on the Australian Securities Exchange. Its headquarters are located in Southbank, Melbourne, Victoria.

IE vs NGD — Head-to-Head

Bigger by revenue
NGD
NGD
49.3× larger
NGD
$44.1M
$896.0K
IE

Income Statement — Q4 2025 vs Q3 2025

Metric
IE
IE
NGD
NGD
Revenue
$896.0K
$44.1M
Net Profit
$-40.3M
Gross Margin
69.5%
Operating Margin
-4167.7%
Net Margin
-4500.4%
Revenue YoY
-32.7%
Net Profit YoY
-318.3%
EPS (diluted)
$0.24

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
IE
IE
NGD
NGD
Q4 25
$896.0K
Q3 25
$545.0K
$44.1M
Q2 25
$1.1M
Q1 25
$735.0K
Q4 24
$1.3M
Q3 24
$671.0K
Q2 24
$538.0K
Q1 24
$360.0K
Net Profit
IE
IE
NGD
NGD
Q4 25
$-40.3M
Q3 25
$-17.5M
Q2 25
$-23.9M
Q1 25
$-34.1M
Q4 24
$18.5M
Q3 24
$-43.2M
Q2 24
$-46.8M
Q1 24
$-60.1M
Gross Margin
IE
IE
NGD
NGD
Q4 25
69.5%
Q3 25
51.2%
Q2 25
72.5%
Q1 25
60.1%
Q4 24
64.7%
Q3 24
61.8%
Q2 24
64.3%
Q1 24
72.2%
Operating Margin
IE
IE
NGD
NGD
Q4 25
-4167.7%
Q3 25
-4328.3%
Q2 25
-2400.3%
Q1 25
-3674.0%
Q4 24
-2229.4%
Q3 24
-6233.8%
Q2 24
-9023.4%
Q1 24
-15800.3%
Net Margin
IE
IE
NGD
NGD
Q4 25
-4500.4%
Q3 25
-3214.9%
Q2 25
-2233.2%
Q1 25
-4645.0%
Q4 24
1386.6%
Q3 24
-6443.5%
Q2 24
-8695.7%
Q1 24
-16693.1%
EPS (diluted)
IE
IE
NGD
NGD
Q4 25
$0.24
Q3 25
$0.13
Q2 25
$0.18
Q1 25
$0.24
Q4 24
$-0.14
Q3 24
$0.36
Q2 24
$0.39
Q1 24
$0.46

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
IE
IE
NGD
NGD
Cash + ST InvestmentsLiquidity on hand
$173.3M
Total DebtLower is stronger
Stockholders' EquityBook value
$416.1M
Total Assets
$483.3M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
IE
IE
NGD
NGD
Q4 25
$173.3M
Q3 25
$69.5M
Q2 25
$88.0M
Q1 25
$98.2M
Q4 24
$41.0M
Q3 24
$81.1M
Q2 24
$133.8M
Q1 24
$179.4M
Stockholders' Equity
IE
IE
NGD
NGD
Q4 25
$416.1M
Q3 25
$280.1M
Q2 25
$293.3M
Q1 25
$307.0M
Q4 24
$268.6M
Q3 24
$250.1M
Q2 24
$289.2M
Q1 24
$331.5M
Total Assets
IE
IE
NGD
NGD
Q4 25
$483.3M
Q3 25
$386.2M
Q2 25
$400.5M
Q1 25
$414.4M
Q4 24
$374.9M
Q3 24
$375.4M
Q2 24
$416.3M
Q1 24
$461.2M

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
IE
IE
NGD
NGD
Operating Cash FlowLast quarter
$-25.7M
Free Cash FlowOCF − Capex
$-25.7M
FCF MarginFCF / Revenue
-2872.8%
Capex IntensityCapex / Revenue
4.1%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$-90.6M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
IE
IE
NGD
NGD
Q4 25
$-25.7M
Q3 25
$-27.7M
Q2 25
$-20.0M
Q1 25
$-15.8M
Q4 24
$-30.7M
Q3 24
$-36.9M
Q2 24
$-44.5M
Q1 24
$-50.0M
Free Cash Flow
IE
IE
NGD
NGD
Q4 25
$-25.7M
Q3 25
$-27.8M
Q2 25
$-21.3M
Q1 25
$-15.8M
Q4 24
$-32.4M
Q3 24
$-36.9M
Q2 24
$-45.0M
Q1 24
$-50.6M
FCF Margin
IE
IE
NGD
NGD
Q4 25
-2872.8%
Q3 25
-5103.9%
Q2 25
-1990.1%
Q1 25
-2146.5%
Q4 24
-2432.4%
Q3 24
-5506.6%
Q2 24
-8372.9%
Q1 24
-14064.2%
Capex Intensity
IE
IE
NGD
NGD
Q4 25
4.1%
Q3 25
16.9%
Q2 25
117.6%
Q1 25
0.3%
Q4 24
127.3%
Q3 24
8.8%
Q2 24
93.7%
Q1 24
186.7%
Cash Conversion
IE
IE
NGD
NGD
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
-1.66×
Q3 24
Q2 24
Q1 24

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

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