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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

Bigger by revenue
IE
IE
Infinity× larger
IE
$896.0K
$0
UEC
More free cash flow
IE
IE
$9.7M more FCF
IE
$-25.7M
$-35.4M
UEC
Faster 2-yr revenue CAGR
IE
IE
Annualised
IE
57.8%
-100.0%
UEC

Income Statement — Q4 FY2025 vs Q1 FY2026

Metric
IE
IE
UEC
UEC
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.

Revenue
IE
IE
UEC
UEC
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
Net Profit
IE
IE
UEC
UEC
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
Gross Margin
IE
IE
UEC
UEC
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%
Operating Margin
IE
IE
UEC
UEC
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%
Net Margin
IE
IE
UEC
UEC
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%
EPS (diluted)
IE
IE
UEC
UEC
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
IE
IE
UEC
UEC
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.

Cash + ST Investments
IE
IE
UEC
UEC
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
Stockholders' Equity
IE
IE
UEC
UEC
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
Total Assets
IE
IE
UEC
UEC
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
IE
IE
UEC
UEC
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.

Operating Cash Flow
IE
IE
UEC
UEC
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
Free Cash Flow
IE
IE
UEC
UEC
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
FCF Margin
IE
IE
UEC
UEC
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%
Capex Intensity
IE
IE
UEC
UEC
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%
Cash Conversion
IE
IE
UEC
UEC
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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