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Side-by-side financial comparison of Loop Industries, Inc. (LOOP) and Lifezone Metals Ltd (LZM). Click either name above to swap in a different company.

Loop Industries, Inc. is a sustainable technology company specializing in circular plastic solutions. It develops patented processes to upcycle low-value, hard-to-recycle waste PET plastic and polyester fibers into virgin-quality, food-safe plastic raw materials. It serves consumer goods, packaging, and textile sectors across North America and Europe, partnering with global brands to cut plastic pollution and fossil-fuel plastic reliance.

Lifezone Metals Ltd is a sustainable critical minerals mining firm focused on producing low-carbon, battery-grade nickel, cobalt, and related key materials. It serves the global electric vehicle and renewable energy storage sectors, with core operational projects located in East Africa, supporting decarbonization efforts across global clean energy supply chains.

LOOP vs LZM — Head-to-Head

Bigger by revenue
LZM
LZM
Infinity× larger
LZM
$8.3K
$0
LOOP

Income Statement — Q2 FY2026 vs Q2 FY2024

Metric
LOOP
LOOP
LZM
LZM
Revenue
$0
$8.3K
Net Profit
$-3.2M
$-6.8M
Gross Margin
84.2%
Operating Margin
-65084.3%
Net Margin
-81710.7%
Revenue YoY
Net Profit YoY
33.8%
EPS (diluted)
$-0.09

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
LOOP
LOOP
LZM
LZM
Q3 25
$0
Q2 25
$252.0K
Q1 25
$10.8M
Q4 24
$52.0K
Q3 24
$23.0K
Q2 24
$6.0K
$8.3K
Q1 24
$46.0K
Q4 23
$26.0K
Net Profit
LOOP
LOOP
LZM
LZM
Q3 25
$-3.2M
Q2 25
$-3.4M
Q1 25
$6.9M
Q4 24
$-11.9M
Q3 24
$-4.8M
Q2 24
$-5.2M
$-6.8M
Q1 24
Q4 23
$-4.2M
Gross Margin
LOOP
LOOP
LZM
LZM
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
84.2%
Q1 24
Q4 23
Operating Margin
LOOP
LOOP
LZM
LZM
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
-65084.3%
Q1 24
Q4 23
Net Margin
LOOP
LOOP
LZM
LZM
Q3 25
Q2 25
-1367.9%
Q1 25
63.7%
Q4 24
-22907.7%
Q3 24
-21039.1%
Q2 24
-86483.3%
-81710.7%
Q1 24
Q4 23
-16323.1%
EPS (diluted)
LOOP
LOOP
LZM
LZM
Q3 25
Q2 25
$-0.07
Q1 25
Q4 24
$-0.25
Q3 24
Q2 24
$-0.11
$-0.09
Q1 24
Q4 23
$-0.09

Balance Sheet & Financial Strength

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

Metric
LOOP
LOOP
LZM
LZM
Cash + ST InvestmentsLiquidity on hand
$7.3M
$63.5M
Total DebtLower is stronger
$3.1M
Stockholders' EquityBook value
$-5.5M
$118.9M
Total Assets
$13.3M
$181.4M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
LOOP
LOOP
LZM
LZM
Q3 25
$7.3M
Q2 25
$9.7M
Q1 25
$13.0M
Q4 24
$323.0K
Q3 24
$1.4M
Q2 24
$5.3M
$63.5M
Q1 24
$7.0M
Q4 23
$9.4M
Total Debt
LOOP
LOOP
LZM
LZM
Q3 25
$3.1M
Q2 25
$3.3M
Q1 25
$3.1M
Q4 24
$3.3M
Q3 24
$5.1M
Q2 24
$6.0M
Q1 24
$3.5M
Q4 23
$3.5K
Stockholders' Equity
LOOP
LOOP
LZM
LZM
Q3 25
$-5.5M
Q2 25
$-2.7M
Q1 25
$367.0K
Q4 24
$-6.9M
Q3 24
$4.8M
Q2 24
$9.3M
$118.9M
Q1 24
$14.1M
Q4 23
$18.9M
Total Assets
LOOP
LOOP
LZM
LZM
Q3 25
$13.3M
Q2 25
$15.9M
Q1 25
$18.6M
Q4 24
$4.7M
Q3 24
$15.0M
Q2 24
$18.7M
$181.4M
Q1 24
$20.6M
Q4 23
$24.8M
Debt / Equity
LOOP
LOOP
LZM
LZM
Q3 25
Q2 25
Q1 25
8.41×
Q4 24
Q3 24
1.05×
Q2 24
0.65×
Q1 24
0.25×
Q4 23
0.00×

Cash Flow & Capital Efficiency

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

Metric
LOOP
LOOP
LZM
LZM
Operating Cash FlowLast quarter
$-2.5M
Free Cash FlowOCF − Capex
FCF MarginFCF / Revenue
Capex IntensityCapex / Revenue
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
LOOP
LOOP
LZM
LZM
Q3 25
$-2.5M
Q2 25
$-3.1M
Q1 25
$6.5M
Q4 24
$-1.9M
Q3 24
$-2.9M
Q2 24
$-3.9M
Q1 24
$-18.0M
Q4 23
$-3.7M
Free Cash Flow
LOOP
LOOP
LZM
LZM
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
Q1 24
$-23.2M
Q4 23
$-3.8M
FCF Margin
LOOP
LOOP
LZM
LZM
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
Q1 24
-50452.2%
Q4 23
-14442.3%
Capex Intensity
LOOP
LOOP
LZM
LZM
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
Q1 24
11221.7%
Q4 23
38.5%
Cash Conversion
LOOP
LOOP
LZM
LZM
Q3 25
Q2 25
Q1 25
0.95×
Q4 24
Q3 24
Q2 24
Q1 24
Q4 23

Financial Flow Comparison

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

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