Almonty Industries Inc. (ALM) vs USA Rare Earth Inc. (USAR)

Almonty Industries Inc. and USA Rare Earth Inc. are both Other Industrial Metals & Mining companies. USA Rare Earth Inc. is the larger, with a market value of $5.8B against $3.7B — 1.6× the size. USA Rare Earth Inc. has negative trailing earnings, so its P/E is not meaningful; Almonty Industries Inc. trades at 69.9×. Almonty Industries Inc. has the higher net margin (125.2% vs 0.00%) and the higher return on invested capital (2.10% vs −7.78%). Across the 13 metrics below, Almonty Industries Inc. leads on 9 and USA Rare Earth Inc. on 4.

Valuation

Metric ALM USAR Other Industrial Metals & Mining median
P/E 69.93 n/m 27.78
P/S 62.94 n/m 8.14
P/B 9.81 1.38 1.48
Price to free cash flow n/m n/m 16.31
EV/EBITDA 882.17 n/m 14.66
EV/Sales 58.12 n/m 6.17
Earnings yield 1.43% (16.01%) (8.03%)
Free cash flow yield (0.96%) (7.03%) (6.85%)

Profitability

Metric ALM USAR Other Industrial Metals & Mining median
Gross margin 51.24% — 14.52%
Operating margin 5.37% 0.00% 0.00%
Net margin 125.21% 0.00% 0.00%
Free cash flow margin (60.47%) 0.00% 0.00%
Return on equity 38.31% (23.63%) (7.90%)
Return on assets 10.66% (17.88%) (11.61%)
Return on invested capital 2.10% (7.78%) (3.47%)

Growth

Metric ALM USAR Other Industrial Metals & Mining median
Revenue growth (TTM) 208.31% — 27.25%
EPS growth (last fiscal year) (1,020.00%) (1,102.32%) —
Revenue growth, 5-year CAGR — — 5.26%
Net income growth, 5-year CAGR — — 0.00%

Health

Metric ALM USAR Other Industrial Metals & Mining median
Debt to equity 1.47 0.00 0.04
Current ratio 9.58 32.79 2.48
Net debt to EBITDA 3.77 6.20 1.10

Dividend

Metric ALM USAR Other Industrial Metals & Mining median
Dividend yield — — 4.32%
Payout ratio — — 0.00

Size

Metric ALM USAR Other Industrial Metals & Mining median
Market cap 3.67b 5.84b 586.13m

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