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Side-by-side financial comparison of Ivanhoe Electric Inc. (IE) and Shattuck Labs, Inc. (STTK). Click either name above to swap in a different company.

Shattuck Labs, Inc. is the larger business by last-quarter revenue ($1.0M vs $896.0K, roughly 1.1× Ivanhoe Electric Inc.). Shattuck Labs, Inc. runs the higher net margin — -1005.6% vs -4500.4%, a 3494.8% gap on every dollar of revenue. On growth, Ivanhoe Electric Inc. posted the faster year-over-year revenue change (-32.7% vs -66.6%). Shattuck Labs, Inc. produced more free cash flow last quarter ($-9.0M vs $-25.7M). Over the past eight quarters, Ivanhoe Electric Inc.'s revenue compounded faster (57.8% CAGR vs 20.7%).

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.

Shattuck Labs, Inc. is a clinical-stage biotechnology company focused on developing innovative immunotherapies for cancer and autoimmune diseases. It uses its proprietary Agonist Redirected Checkpoint platform to develop bifunctional fusion proteins, with multiple oncology product candidates in active clinical development stages.

IE vs STTK — Head-to-Head

Bigger by revenue
STTK
STTK
1.1× larger
STTK
$1.0M
$896.0K
IE
Growing faster (revenue YoY)
IE
IE
+33.9% gap
IE
-32.7%
-66.6%
STTK
Higher net margin
STTK
STTK
3494.8% more per $
STTK
-1005.6%
-4500.4%
IE
More free cash flow
STTK
STTK
$16.7M more FCF
STTK
$-9.0M
$-25.7M
IE
Faster 2-yr revenue CAGR
IE
IE
Annualised
IE
57.8%
20.7%
STTK

Income Statement — Q4 FY2025 vs Q3 FY2025

Metric
IE
IE
STTK
STTK
Revenue
$896.0K
$1.0M
Net Profit
$-40.3M
$-10.1M
Gross Margin
69.5%
Operating Margin
-4167.7%
-1071.6%
Net Margin
-4500.4%
-1005.6%
Revenue YoY
-32.7%
-66.6%
Net Profit YoY
-318.3%
39.7%
EPS (diluted)
$0.24
$-0.14

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
STTK
STTK
Q4 25
$896.0K
Q3 25
$545.0K
$1.0M
Q2 25
$1.1M
$0
Q1 25
$735.0K
$0
Q4 24
$1.3M
Q3 24
$671.0K
$3.0M
Q2 24
$538.0K
$1.6M
Q1 24
$360.0K
$1.1M
Net Profit
IE
IE
STTK
STTK
Q4 25
$-40.3M
Q3 25
$-17.5M
$-10.1M
Q2 25
$-23.9M
$-12.5M
Q1 25
$-34.1M
$-13.7M
Q4 24
$18.5M
Q3 24
$-43.2M
$-16.7M
Q2 24
$-46.8M
$-21.6M
Q1 24
$-60.1M
$-18.5M
Gross Margin
IE
IE
STTK
STTK
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
STTK
STTK
Q4 25
-4167.7%
Q3 25
-4328.3%
-1071.6%
Q2 25
-2400.3%
Q1 25
-3674.0%
Q4 24
-2229.4%
Q3 24
-6233.8%
-597.9%
Q2 24
-9023.4%
-1427.1%
Q1 24
-15800.3%
-1797.7%
Net Margin
IE
IE
STTK
STTK
Q4 25
-4500.4%
Q3 25
-3214.9%
-1005.6%
Q2 25
-2233.2%
Q1 25
-4645.0%
Q4 24
1386.6%
Q3 24
-6443.5%
-556.4%
Q2 24
-8695.7%
-1339.5%
Q1 24
-16693.1%
-1659.6%
EPS (diluted)
IE
IE
STTK
STTK
Q4 25
$0.24
Q3 25
$0.13
$-0.14
Q2 25
$0.18
$-0.24
Q1 25
$0.24
$-0.27
Q4 24
$-0.14
Q3 24
$0.36
$-0.33
Q2 24
$0.39
$-0.42
Q1 24
$0.46
$-0.37

Balance Sheet & Financial Strength

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

Metric
IE
IE
STTK
STTK
Cash + ST InvestmentsLiquidity on hand
$173.3M
$42.5M
Total DebtLower is stronger
Stockholders' EquityBook value
$416.1M
$93.2M
Total Assets
$483.3M
$100.3M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
IE
IE
STTK
STTK
Q4 25
$173.3M
Q3 25
$69.5M
$42.5M
Q2 25
$88.0M
$50.5M
Q1 25
$98.2M
$60.9M
Q4 24
$41.0M
Q3 24
$81.1M
$43.8M
Q2 24
$133.8M
$60.7M
Q1 24
$179.4M
$76.0M
Stockholders' Equity
IE
IE
STTK
STTK
Q4 25
$416.1M
Q3 25
$280.1M
$93.2M
Q2 25
$293.3M
$57.0M
Q1 25
$307.0M
$67.6M
Q4 24
$268.6M
Q3 24
$250.1M
$96.6M
Q2 24
$289.2M
$110.6M
Q1 24
$331.5M
$128.8M
Total Assets
IE
IE
STTK
STTK
Q4 25
$483.3M
Q3 25
$386.2M
$100.3M
Q2 25
$400.5M
$64.4M
Q1 25
$414.4M
$77.2M
Q4 24
$374.9M
Q3 24
$375.4M
$111.7M
Q2 24
$416.3M
$128.6M
Q1 24
$461.2M
$146.3M

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
STTK
STTK
Operating Cash FlowLast quarter
$-25.7M
$-8.9M
Free Cash FlowOCF − Capex
$-25.7M
$-9.0M
FCF MarginFCF / Revenue
-2872.8%
-900.0%
Capex IntensityCapex / Revenue
4.1%
7.1%
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
STTK
STTK
Q4 25
$-25.7M
Q3 25
$-27.7M
$-8.9M
Q2 25
$-20.0M
$-10.4M
Q1 25
$-15.8M
$-12.0M
Q4 24
$-30.7M
Q3 24
$-36.9M
$-16.1M
Q2 24
$-44.5M
$-10.9M
Q1 24
$-50.0M
$-16.2M
Free Cash Flow
IE
IE
STTK
STTK
Q4 25
$-25.7M
Q3 25
$-27.8M
$-9.0M
Q2 25
$-21.3M
Q1 25
$-15.8M
Q4 24
$-32.4M
Q3 24
$-36.9M
$-16.1M
Q2 24
$-45.0M
$-10.9M
Q1 24
$-50.6M
FCF Margin
IE
IE
STTK
STTK
Q4 25
-2872.8%
Q3 25
-5103.9%
-900.0%
Q2 25
-1990.1%
Q1 25
-2146.5%
Q4 24
-2432.4%
Q3 24
-5506.6%
-537.5%
Q2 24
-8372.9%
-679.6%
Q1 24
-14064.2%
Capex Intensity
IE
IE
STTK
STTK
Q4 25
4.1%
Q3 25
16.9%
7.1%
Q2 25
117.6%
Q1 25
0.3%
Q4 24
127.3%
Q3 24
8.8%
1.4%
Q2 24
93.7%
1.1%
Q1 24
186.7%
0.0%
Cash Conversion
IE
IE
STTK
STTK
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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