Aqua Metals, Inc. (AQMS) vs Li-Cycle Holdings Corp. (LICYQ)

Aqua Metals, Inc. and Li-Cycle Holdings Corp. are both Waste Management companies. Li-Cycle Holdings Corp. is the larger, with a market value of $29.9M against $8.7M — 3.4× the size. Li-Cycle Holdings Corp. has negative trailing earnings, so its P/E is not meaningful; Aqua Metals, Inc. trades at 102×. Li-Cycle Holdings Corp. grew revenue faster over the last twelve months: 53.0% against −93.5%. Aqua Metals, Inc. has the higher net margin (0.00% vs −491.8%) and the lower return on invested capital (−213.5% vs −13.2%). Across the 16 metrics below, Aqua Metals, Inc. leads on 8 and Li-Cycle Holdings Corp. on 8.