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Friday 6 November 2026
Export IE’s income statement to Excel — free account
Ivanhoe Electric Inc.
Ivanhoe Electric Inc.’s revenue for fiscal 2025 (year ended December 2025) was $3.2 million, up 11.8% from fiscal 2024.
- Revenue
- +29.9%
- EPS
- +11.1%
- Free cash flow
- −57.4%
- Total debt
- −37.2%
Quarter to September 2026, against a year earlier
7.10
0.66
−8.51%
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Target Price Range
Analyst price targets
Free accountTen years at a glance Fiscal years to December
| Ten-year view | Analyst estimates Powerpack | |||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Group | Line | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | TTM Sep ’26 | Trend | 10 yrs | 2026e | 2027e | 2028e | Next 3/yr |
| Income, $m | ||||||||||||||||||
| Income, $m | Revenue | — | — | — | 4 | 5 | 5 | 8 | 4 | 3 | 3 | 3 | (2.4%) | 3 | 4 | 5 | +13.8% | |
| Gross margin, % | — | — | — | 51.87 | 61.47 | 67.33 | 62.86 | 23.49 | 64.91 | 65.29 | 58.98 | +13.4 pt | ||||||
| EBT | — | — | — | (29) | (29) | (68) | (160) | (217) | (140) | (125) | (4) | +27.2% | ||||||
| EBT margin, % | — | — | — | (785.21) | (636.11) | (1,462.32) | (1,891.03) | (5,551.09) | (4,834.13) | (3,854.35) | (115.63) | (3,069.1) pt | ||||||
| Net income | — | — | — | (29) | (30) | (69) | (160) | (216) | (140) | (125) | (16) | +27.8% | ||||||
| Per share, $ | ||||||||||||||||||
| Per share, $ | Revenue | — | — | — | 0.06 | 0.08 | 0.08 | 0.11 | 0.04 | 0.02 | 0.02 | 0.02 | (14.6%) | |||||
| Earnings | — | — | — | (0.41) | (0.42) | (0.96) | (1.91) | (1.95) | (1.07) | (0.79) | (0.80) | +11.6% | ||||||
| Cash flow | — | — | — | (0.38) | (0.38) | (0.78) | (1.47) | (1.47) | (1.35) | (0.67) | (0.73) | +9.7% | ||||||
| Capex | — | — | — | (0.07) | (0.28) | (0.30) | (0.57) | (0.80) | (0.11) | (0.02) | 0.00 | (20.2%) | ||||||
| Free cash flow | — | — | — | (0.45) | (0.66) | (1.08) | (2.04) | (2.27) | (1.46) | (0.68) | (0.73) | +7.2% | ||||||
| Book value | — | — | — | 0.00 | 0.81 | 0.45 | 2.58 | 3.67 | 2.33 | 3.17 | 3.14 | n/m | ||||||
| Shares, m | — | — | — | 60 | 60 | 62 | 79 | 102 | 120 | 134 | 151 | +14.3% | ||||||
| Valuation, × | ||||||||||||||||||
| Valuation, × | P/E | — | — | — | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.0 | |||||
| P/S | — | — | — | 0.00 | 0.00 | 0.00 | 110.35 | 261.81 | 313.29 | 658.03 | 355.69 | 191.9 | ||||||
| P/B | — | — | — | 14.18 | 14.18 | 14.18 | 4.60 | 2.72 | 3.24 | 5.04 | 2.26 | 8.3 | ||||||
| EV/Sales | — | — | — | 0.00 | 0.00 | 0.00 | 96.96 | 235.48 | 329.65 | 621.54 | 306.70 | 183.4 | ||||||
| EV/FCF | — | — | — | (10.24) | (10.24) | (10.24) | (5.11) | (3.95) | (5.44) | (21.86) | (6.88) | (9.6) | ||||||
| Cash, $m | ||||||||||||||||||
| Cash, $m | Operating cash flow | — | — | — | (23) | (23) | (48) | (116) | (151) | (162) | (89) | (116) | +25.4% | |||||
| Capex | — | — | — | (4) | (17) | (18) | (44) | (82) | (14) | (2) | (24) | (8.8%) | ||||||
| Free cash flow | — | — | — | (27) | (40) | (66) | (160) | (233) | (176) | (92) | (116) | +22.6% | ||||||
| Balance, $m | ||||||||||||||||||
| Balance, $m | Working capital | — | — | — | — | 2 | 18 | 134 | 177 | 36 | 126 | 174 | +139.5% | |||||
| Net debt | — | — | — | — | (3) | 29 | (113) | (140) | 10 | (143) | (180) | +118.6% | ||||||
| Shareholders’ equity | — | — | — | — | 49 | 28 | 202 | 376 | 280 | 424 | 501 | +54.1% | ||||||
| Returns, % | ||||||||||||||||||
| Returns, % | ROA | — | — | — | 0.00 | (70.37) | (52.67) | (72.37) | (53.33) | (29.84) | (24.67) | (10.13) | (24.7) pt | |||||
| ROIC | — | — | — | 0.00 | (36.27) | (66.45) | (92.39) | (47.81) | (38.11) | (25.26) | 1.77 | (25.3) pt | ||||||
| ROE | — | — | — | 0.00 | 0.00 | (155.07) | (130.12) | (68.90) | (39.17) | (30.08) | (12.00) | (30.1) pt | ||||||
| People | ||||||||||||||||||
| People | Employees | — | — | — | — | — | 89 | 244 | 244 | 240 | 286 | — | +33.9% | |||||
| Revenue/emp, $m | — | — | — | 0.00 | 0.00 | 0.05 | 0.03 | 0.02 | 0.01 | 0.01 | — | n/m | ||||||
Negative figures in brackets.
estimates
Fiscal years to Dec 2025 · latest quarter Sep 2026 · fundamentals updated 5 Nov 2026
Ivanhoe Electric Inc. vs peers in Copper (Q) = latest quarter vs a year earlier
| Company | Market cap | P/E | Fwd P/E | Revenue growth (Q) | EPS growth (Q) | FCF growth (Q) | Gross margin (Q) | EBIT margin (Q) | Compare |
|---|---|---|---|---|---|---|---|---|---|
| SCCO Southern Copper Corporation | $141.1B | 21.7× | 22.2× | +39.06% (above 0%: growing) | +59.26% (above 0%: growing) | +41.15% (above 0%: growing) | 65.95% | 59.94% | Compare |
| FCX Freeport-McMoRan Inc. | $83.2B | 28.7× | 19.6× | +8.23% (above 0%: growing) | +28.30% (above 0%: growing) | +25.50% (above 0%: growing) | 33.75% | 31.18% | Compare |
| HBM HudBay Minerals Inc | $9.1B | 12.2× | 13.7× | +17.69% (above 0%: growing) | +13.33% (above 0%: growing) | +4.51% (above 0%: growing) | 42.61% | 34.80% | Compare |
| ERO Ero Copper Corp. | $2.9B | 10.1× | 6.5× | +110.39% (above 0%: growing) | +35.06% (above 0%: growing) | +441.33% (above 0%: growing) | 40.25% | 35.04% | Compare |
| IE Ivanhoe Electric Inc. | $1.1B | — (loss-making) | — (loss-making) | +29.91% (above 0%: growing) | n/m | −57.43% (below 0%: shrinking) | 54.10% | (4,071.05%) | |
| LCU Lion Copper Corp. | $70.2M | — (loss-making) | — | — | n/m | −376.65% (below 0%: shrinking) | — | 0.00% | Compare |
| COPR Idaho Copper Corporation | $23.1M | — (loss-making) | — | — | n/m | −2,323.48% (below 0%: shrinking) | 0.00% | 0.00% | Compare |
| Median of peers | $6.0B | 17.0× | 16.7× | +28.38% | +31.68% | +15.01% | 40.25% | 32.99% |
Pay and ownership Proxy statement filed 21 April 2026
Ownership
Directors and executive officers, together
11.30%
FMR LLC
10.42%
T. Rowe Price Associates, Inc.
9.29%
Robert Friedland
8.49%
Saudi Arabian Mining Company (Maaden)
7.46%
Century Vision Holdings Ltd.
6.49%
Blackrock, Inc.
5.20%
Ownership is the proxy’s own table: the directors and officers as a group, and every holder of 5% or more.
Read the proxy statement