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Side-by-side financial comparison of Ivanhoe Electric Inc. (IE) and ReTo Eco-Solutions, Inc. (RETO). Click either name above to swap in a different company.

ReTo Eco-Solutions, Inc. is the larger business by last-quarter revenue ($1.0M vs $896.0K, roughly 1.2× Ivanhoe Electric Inc.). ReTo Eco-Solutions, Inc. runs the higher net margin — -131.6% vs -4500.4%, a 4368.9% gap on every dollar of revenue. On growth, ReTo Eco-Solutions, Inc. posted the faster year-over-year revenue change (36.6% vs -32.7%). ReTo Eco-Solutions, Inc. produced more free cash flow last quarter ($-1.7M vs $-25.7M).

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.

ReTo Eco-Solutions, Inc. develops and supplies eco-friendly construction materials, environmental remediation services, and solid waste treatment solutions. Its core offerings include recycled construction aggregates, soil improvement products, and ecological restoration systems, primarily serving infrastructure, real estate, and environmental conservation sectors across the Chinese market.

IE vs RETO — Head-to-Head

Bigger by revenue
RETO
RETO
1.2× larger
RETO
$1.0M
$896.0K
IE
Growing faster (revenue YoY)
RETO
RETO
+69.3% gap
RETO
36.6%
-32.7%
IE
Higher net margin
RETO
RETO
4368.9% more per $
RETO
-131.6%
-4500.4%
IE
More free cash flow
RETO
RETO
$24.1M more FCF
RETO
$-1.7M
$-25.7M
IE

Income Statement — Q4 FY2025 vs Q2 FY2025

Metric
IE
IE
RETO
RETO
Revenue
$896.0K
$1.0M
Net Profit
$-40.3M
$-1.4M
Gross Margin
69.5%
17.7%
Operating Margin
-4167.7%
-133.0%
Net Margin
-4500.4%
-131.6%
Revenue YoY
-32.7%
36.6%
Net Profit YoY
-318.3%
-103.5%
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
RETO
RETO
Q4 25
$896.0K
Q3 25
$545.0K
Q2 25
$1.1M
$1.0M
Q1 25
$735.0K
Q4 24
$1.3M
Q3 24
$671.0K
Q2 24
$538.0K
$768.4K
Q1 24
$360.0K
Net Profit
IE
IE
RETO
RETO
Q4 25
$-40.3M
Q3 25
$-17.5M
Q2 25
$-23.9M
$-1.4M
Q1 25
$-34.1M
Q4 24
$18.5M
Q3 24
$-43.2M
Q2 24
$-46.8M
$-678.5K
Q1 24
$-60.1M
Gross Margin
IE
IE
RETO
RETO
Q4 25
69.5%
Q3 25
51.2%
Q2 25
72.5%
17.7%
Q1 25
60.1%
Q4 24
64.7%
Q3 24
61.8%
Q2 24
64.3%
43.3%
Q1 24
72.2%
Operating Margin
IE
IE
RETO
RETO
Q4 25
-4167.7%
Q3 25
-4328.3%
Q2 25
-2400.3%
-133.0%
Q1 25
-3674.0%
Q4 24
-2229.4%
Q3 24
-6233.8%
Q2 24
-9023.4%
-68.0%
Q1 24
-15800.3%
Net Margin
IE
IE
RETO
RETO
Q4 25
-4500.4%
Q3 25
-3214.9%
Q2 25
-2233.2%
-131.6%
Q1 25
-4645.0%
Q4 24
1386.6%
Q3 24
-6443.5%
Q2 24
-8695.7%
-88.3%
Q1 24
-16693.1%
EPS (diluted)
IE
IE
RETO
RETO
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
$-0.25
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
RETO
RETO
Cash + ST InvestmentsLiquidity on hand
$173.3M
$2.5M
Total DebtLower is stronger
Stockholders' EquityBook value
$416.1M
$30.4M
Total Assets
$483.3M
$41.4M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
IE
IE
RETO
RETO
Q4 25
$173.3M
Q3 25
$69.5M
Q2 25
$88.0M
$2.5M
Q1 25
$98.2M
Q4 24
$41.0M
Q3 24
$81.1M
Q2 24
$133.8M
$1.6M
Q1 24
$179.4M
Stockholders' Equity
IE
IE
RETO
RETO
Q4 25
$416.1M
Q3 25
$280.1M
Q2 25
$293.3M
$30.4M
Q1 25
$307.0M
Q4 24
$268.6M
Q3 24
$250.1M
Q2 24
$289.2M
$13.3M
Q1 24
$331.5M
Total Assets
IE
IE
RETO
RETO
Q4 25
$483.3M
Q3 25
$386.2M
Q2 25
$400.5M
$41.4M
Q1 25
$414.4M
Q4 24
$374.9M
Q3 24
$375.4M
Q2 24
$416.3M
$33.7M
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
RETO
RETO
Operating Cash FlowLast quarter
$-25.7M
$-1.6M
Free Cash FlowOCF − Capex
$-25.7M
$-1.7M
FCF MarginFCF / Revenue
-2872.8%
-157.4%
Capex IntensityCapex / Revenue
4.1%
5.1%
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
RETO
RETO
Q4 25
$-25.7M
Q3 25
$-27.7M
Q2 25
$-20.0M
$-1.6M
Q1 25
$-15.8M
Q4 24
$-30.7M
Q3 24
$-36.9M
Q2 24
$-44.5M
$-4.8M
Q1 24
$-50.0M
Free Cash Flow
IE
IE
RETO
RETO
Q4 25
$-25.7M
Q3 25
$-27.8M
Q2 25
$-21.3M
$-1.7M
Q1 25
$-15.8M
Q4 24
$-32.4M
Q3 24
$-36.9M
Q2 24
$-45.0M
Q1 24
$-50.6M
FCF Margin
IE
IE
RETO
RETO
Q4 25
-2872.8%
Q3 25
-5103.9%
Q2 25
-1990.1%
-157.4%
Q1 25
-2146.5%
Q4 24
-2432.4%
Q3 24
-5506.6%
Q2 24
-8372.9%
Q1 24
-14064.2%
Capex Intensity
IE
IE
RETO
RETO
Q4 25
4.1%
Q3 25
16.9%
Q2 25
117.6%
5.1%
Q1 25
0.3%
Q4 24
127.3%
Q3 24
8.8%
Q2 24
93.7%
Q1 24
186.7%
Cash Conversion
IE
IE
RETO
RETO
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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