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Side-by-side financial comparison of Ivanhoe Electric Inc. (IE) and URANIUM ENERGY CORP (UEC). Click either name above to swap in a different company.
Ivanhoe Electric Inc. produced more free cash flow last quarter ($-25.7M vs $-35.4M). Over the past eight quarters, Ivanhoe Electric Inc.'s revenue compounded faster (57.8% CAGR vs -100.0%).
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.
Uranium Energy Corp is a US-based uranium exploration and mining company specializing in low-cost in-situ recovery uranium extraction operations across North America. It supplies nuclear fuel feedstock to utility firms running nuclear power plants, with core project assets located in Texas, Wyoming and other U.S. states, catering to rising global demand for zero-emission nuclear energy resources.
IE vs UEC — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | ||
|---|---|---|
| Revenue | $896.0K | $0 |
| Net Profit | $-40.3M | $-10.3M |
| Gross Margin | 69.5% | — |
| Operating Margin | -4167.7% | — |
| Net Margin | -4500.4% | — |
| Revenue YoY | -32.7% | — |
| Net Profit YoY | -318.3% | 48.7% |
| EPS (diluted) | $0.24 | $-0.02 |
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.
| Q4 25 | $896.0K | $0 | ||
| Q3 25 | $545.0K | $0 | ||
| Q2 25 | $1.1M | $0 | ||
| Q1 25 | $735.0K | $49.8M | ||
| Q4 24 | $1.3M | $17.1M | ||
| Q3 24 | $671.0K | $0 | ||
| Q2 24 | $538.0K | $0 | ||
| Q1 24 | $360.0K | — |
| Q4 25 | $-40.3M | $-10.3M | ||
| Q3 25 | $-17.5M | $-27.1M | ||
| Q2 25 | $-23.9M | $-30.2M | ||
| Q1 25 | $-34.1M | $-10.2M | ||
| Q4 24 | $18.5M | $-20.2M | ||
| Q3 24 | $-43.2M | $-15.1M | ||
| Q2 24 | $-46.8M | $-19.7M | ||
| Q1 24 | $-60.1M | — |
| Q4 25 | 69.5% | — | ||
| Q3 25 | 51.2% | — | ||
| Q2 25 | 72.5% | — | ||
| Q1 25 | 60.1% | 36.6% | ||
| Q4 24 | 64.7% | 36.6% | ||
| Q3 24 | 61.8% | — | ||
| Q2 24 | 64.3% | — | ||
| Q1 24 | 72.2% | — |
| Q4 25 | -4167.7% | — | ||
| Q3 25 | -4328.3% | — | ||
| Q2 25 | -2400.3% | — | ||
| Q1 25 | -3674.0% | -7.3% | ||
| Q4 24 | -2229.4% | -77.3% | ||
| Q3 24 | -6233.8% | — | ||
| Q2 24 | -9023.4% | — | ||
| Q1 24 | -15800.3% | — |
| Q4 25 | -4500.4% | — | ||
| Q3 25 | -3214.9% | — | ||
| Q2 25 | -2233.2% | — | ||
| Q1 25 | -4645.0% | -20.6% | ||
| Q4 24 | 1386.6% | -118.0% | ||
| Q3 24 | -6443.5% | — | ||
| Q2 24 | -8695.7% | — | ||
| Q1 24 | -16693.1% | — |
| Q4 25 | $0.24 | $-0.02 | ||
| Q3 25 | $0.13 | $-0.06 | ||
| Q2 25 | $0.18 | $-0.07 | ||
| Q1 25 | $0.24 | $-0.02 | ||
| Q4 24 | $-0.14 | $-0.05 | ||
| Q3 24 | $0.36 | $-0.04 | ||
| Q2 24 | $0.39 | $-0.05 | ||
| Q1 24 | $0.46 | — |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | ||
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $173.3M | $454.7M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $416.1M | $1.3B |
| Total Assets | $483.3M | $1.4B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $173.3M | $454.7M | ||
| Q3 25 | $69.5M | $148.9M | ||
| Q2 25 | $88.0M | $71.4M | ||
| Q1 25 | $98.2M | $61.5M | ||
| Q4 24 | $41.0M | $190.6M | ||
| Q3 24 | $81.1M | $87.5M | ||
| Q2 24 | $133.8M | $87.7M | ||
| Q1 24 | $179.4M | — |
| Q4 25 | $416.1M | $1.3B | ||
| Q3 25 | $280.1M | $983.9M | ||
| Q2 25 | $293.3M | $892.8M | ||
| Q1 25 | $307.0M | $877.2M | ||
| Q4 24 | $268.6M | $824.0M | ||
| Q3 24 | $250.1M | $778.1M | ||
| Q2 24 | $289.2M | $778.6M | ||
| Q1 24 | $331.5M | — |
| Q4 25 | $483.3M | $1.4B | ||
| Q3 25 | $386.2M | $1.1B | ||
| Q2 25 | $400.5M | $1.0B | ||
| Q1 25 | $414.4M | $982.0M | ||
| Q4 24 | $374.9M | $917.8M | ||
| Q3 24 | $375.4M | $889.8M | ||
| Q2 24 | $416.3M | $878.3M | ||
| 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 | ||
|---|---|---|
| Operating Cash FlowLast quarter | $-25.7M | $-34.3M |
| Free Cash FlowOCF − Capex | $-25.7M | $-35.4M |
| FCF MarginFCF / Revenue | -2872.8% | — |
| Capex IntensityCapex / Revenue | 4.1% | — |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | $-90.6M | $-92.7M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-25.7M | $-34.3M | ||
| Q3 25 | $-27.7M | $-23.5M | ||
| Q2 25 | $-20.0M | $-20.7M | ||
| Q1 25 | $-15.8M | $-8.8M | ||
| Q4 24 | $-30.7M | $-11.5M | ||
| Q3 24 | $-36.9M | $-12.6M | ||
| Q2 24 | $-44.5M | $-12.5M | ||
| Q1 24 | $-50.0M | — |
| Q4 25 | $-25.7M | $-35.4M | ||
| Q3 25 | $-27.8M | $-24.4M | ||
| Q2 25 | $-21.3M | $-22.8M | ||
| Q1 25 | $-15.8M | $-10.0M | ||
| Q4 24 | $-32.4M | $-12.7M | ||
| Q3 24 | $-36.9M | $-13.4M | ||
| Q2 24 | $-45.0M | $-12.7M | ||
| Q1 24 | $-50.6M | — |
| Q4 25 | -2872.8% | — | ||
| Q3 25 | -5103.9% | — | ||
| Q2 25 | -1990.1% | — | ||
| Q1 25 | -2146.5% | -20.1% | ||
| Q4 24 | -2432.4% | -74.2% | ||
| Q3 24 | -5506.6% | — | ||
| Q2 24 | -8372.9% | — | ||
| Q1 24 | -14064.2% | — |
| Q4 25 | 4.1% | — | ||
| Q3 25 | 16.9% | — | ||
| Q2 25 | 117.6% | — | ||
| Q1 25 | 0.3% | 2.4% | ||
| Q4 24 | 127.3% | 7.1% | ||
| Q3 24 | 8.8% | — | ||
| Q2 24 | 93.7% | — | ||
| Q1 24 | 186.7% | — |
| 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.