ALM vs HBM vs NEXM Stock Comparison

Almonty Industries, Hudbay Minerals and NexMetals Mining Prices as of Nov 3, 2026 Peers: Industry group
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ALM Almonty Industries Inc.
$8.69 -35.1% 1M +32.9% 1Y
Market cap
$1.82B
P/E
32.0x
Revenue (TTM)
$62.16M
Div. yield
–
Copper Basic Materials
4 wins
HBM Hudbay Minerals Inc.
$21.44 -21.2% 1M +35.4% 1Y
Market cap
$8.76B
P/E
12.8x
Revenue (TTM)
$2.47B
Div. yield
0.00%
Copper Basic Materials
5 wins
NEXM NexMetals Mining Corp.
$1.34 -28.0% 1M -66.4% 1Y
Market cap
$47.59M
P/E
–
Revenue (TTM)
$314.41K
Div. yield
–
Copper Basic Materials
1 win

Head to Head

10 decided of 12

Hudbay Minerals leads on 5 of the 12 questions below (Hudbay Minerals 5, Almonty Industries 4, NexMetals Mining 1). Which ones matter depends on what you are buying for; a cheap multiple and slow growth often come together.

QuestionALMHBMNEXMLeader
Larger companyMarket capitalisation $1.82B $8.76B $47.59M HBM
Cheaper on earningsLower P/E, profitable companies only 32.0x 12.8x -1.3x HBM
Cheaper on forward earningsLower price / next fiscal year consensus EPS 14.5x 14.5x — ALM
Faster revenue growthRevenue growth, trailing twelve months +208.0% +12.1% +280.5% NEXM
More profitableNet margin, trailing twelve months 91.6% 27.7% -11,801.7% ALM
Better return on capitalReturn on invested capital — 12.6% — –
Less leveragedLower net debt / EBITDA -0.7x 0.1x — ALM
Higher dividend yieldTrailing dividend yield 0.00% 0.00% 0.00% –
Better 1-year returnPrice return, last 12 months +32.9% +35.4% -66.4% HBM
Better 5-year returnAnnualised price return, 5 years +40.0%/yr +26.0%/yr -47.0%/yr ALM
Less volatileAnnualised volatility, 1 year 91.6% 63.0% 69.5% HBM
Higher overall scoreMean of the five percentile scores vs peers 63/100 72/100 39/100 HBM

Percentile Scorecard

ALMHBMNEXM

Each axis is the mean percentile of its metrics against the company's industry group. 100 is the best in the group, 50 the middle.

Scores by Axis

AxisALMHBMNEXM
Valuation 34 #111 of 168 84 #28 of 168 10 #152 of 168
Growth 93 #11 of 152 90 #16 of 152 60 #61 of 152
Profitability 79 #27 of 124 88 #16 of 124 3 #120 of 124
Financial Health 44 #94 of 166 50 #84 of 166 84 #28 of 166
Shareholder Returns – 50 #58 of 115 –
Overall 63 72 39
  • ALM ranked among 177 companies in Metals and Mining
  • HBM ranked among 177 companies in Metals and Mining
  • NEXM ranked among 177 companies in Metals and Mining

Price Performance

Price return, split-adjusted, before dividends. Click a name to hide or show it.

Returns

PeriodALMHBMNEXMSPY
1 month -35.1%-21.2%-28.0% -2.0%
3 months -34.6%-13.4%-37.4% -2.2%
6 months -56.6%-4.1%-46.2% +4.2%
Year to date -1.4%+8.0%-65.7% +10.6%
1 year +32.9%+35.4%-66.4% +10.4%
3 years +854.9%+359.1%-93.9% +73.6%
3 years, per year +112.3%+66.3%-60.6% +20.2%
5 years +436.4%+217.2%-95.8% +61.6%
5 years, per year +40.0%+26.0%-47.0% +10.1%
10 years +2,248.6%+376.4%-98.7% +261.3%
10 years, per year +37.1%+16.9%-35.5% +13.7%

Risk

MeasureALMHBMNEXMSPY
Volatility, 1Y 91.6%63.0%69.5% 12.8%
Downside volatility, 1Y 88.7%68.0%71.8% 12.8%
Beta vs S&P 500, 1Y 3.132.791.58 1.00
Return / volatility, 1Y 0.360.56-0.96 0.81
Max drawdown, 5Y -62.9%-63.3%-97.3% -25.4%
From 52-week high -62.9%-32.7%-70.5% -3.2%
52-week high $23.42$31.87$4.54 $779.14
52-week low $5.59$14.58$1.31 $631.97

Valuation History

Weekly multiples on trailing twelve-month fundamentals. Negative or extreme readings (a loss year, a collapsed denominator) are left out so the chart stays readable.

MultipleALMHBMNEXM
P/E now vs peer median 31.7xmedian 12.4x 12.4xmedian 12.4x -1.3xmedian 12.4x
P/S now vs peer median 36.7xmedian 2.9x 3.4xmedian 2.9x 151.9xmedian 2.9x
EV/EBITDA now vs peer median 5.0xmedian 7.2x 5.7xmedian 7.2x —median 7.2x
P/FCF now vs peer median —median 14.8x 9.6xmedian 14.8x -0.8xmedian 14.8x
P/B now vs peer median 5.9xmedian 2.1x 1.8xmedian 2.1x 1.1xmedian 2.1x
PEG now vs peer median —median 0.26 0.04median 0.26 -0.06median 0.26

Financial History

Reported figures by fiscal period, placed on the calendar year (or quarter) each period ended in, so companies with different fiscal years line up.

Trailing twelve monthsALMHBMNEXM
Revenue $62.16M $2.47B $314.41K
Gross profit $29.80M $972.40M –
Operating income $30.20M $1.10B –
Net income -$73.22B $680.00M -$37.11M
Free cash flow – $880.20M -$60.22M
R&D – $58.40M $26.75M
EPS (diluted) $0.27 $1.72 $-1.04
Cash & equivalents $863.71M $890.90M $11.93M
Total debt $572.28M $1.13B $859.17K
Shares (diluted) 208.03M 396.65M 35.65M
Enterprise value $661.67M $5.62B -$22.36M

All Metrics

58 metrics · best in bold

Bold marks the best reading: the lowest positive value for multiples, leverage and payout, the highest for everything else. The bar under each value is its percentile against that company's own peers. Hover a value for its rank and the peer median.

Valuation

12 metrics
MetricALMHBMNEXM
P/E 31.7x 12.4x -1.3x
P/FCF – 9.6x -0.8x
P/Operating cash flow – 9.6x -1.4x
P/S 36.7x 3.4x 151.9x
P/B 5.9x 1.8x 1.1x
P/Tangible book 5.9x 1.8x 1.1x
EV/EBITDA 5.0x 5.7x –
EV/EBIT 66.0x 7.9x –
EV/Revenue 32.0x 3.5x 116.7x
EV/FCF – 9.9x -0.6x
EV/Operating cash flow – 9.9x -1.1x
PEG (3Y EPS CAGR) – 0.04 -0.06

Growth

14 metrics
MetricALMHBMNEXM
Revenue growth (1Y) 208.0% 12.1% 280.5%
Revenue CAGR (3Y) – 24.6% 48.4%
Gross profit growth (1Y) 7,264% 32.8% –
Gross profit CAGR (3Y) – 71.9% –
Operating income growth (1Y) 9,134% 89.3% –
Operating income CAGR (3Y) – 126.5% –
Net income growth (1Y) -161.1% 139.9% 3.3%
Net income CAGR (3Y) – 410.6% 8.0%
EPS growth (1Y) 162.7% 122.6% 41.8%
EPS CAGR (3Y) – 346.8% 22.0%
Operating cash flow growth (1Y) – 1.5% -11.0%
Operating cash flow CAGR (3Y) – – -5.8%
Free cash flow growth (1Y) – 2,912% -90.2%
Free cash flow CAGR (3Y) – 115.3% -35.7%

Profitability

14 metrics
MetricALMHBMNEXM
Gross margin 47.9% 39.4% –
EBITDA margin 635.6% 61.9% –
Operating margin 48.6% 44.7% –
Pretax margin 234.8% 47.3% –
Net margin 91.6% 27.7% -11,802%
FCF margin – 35.7% -19,155%
Operating cash flow margin – 35.6% -10,819%
Return on equity – 16.3% –
Return on assets – 43.1% –
Return on invested capital – 12.6% –
Return on capital employed – – –
Asset turnover – 1.6x 0.0x
Cash conversion (OCF / net income) – 1.3x 0.9x
Stock comp / revenue 7,418% 3.3% 669.6%

Financial Health

11 metrics
MetricALMHBMNEXM
Debt / assets 47.7% 78.4% 1.7%
Debt / equity 1.5x 0.2x 0.0x
Net debt / EBITDA -0.7x 0.1x –
Debt / FCF – 1.3x 0.0x
Liabilities / assets 67.6% -231.7% 12.7%
Equity / assets 32.4% 331.7% 87.3%
Interest coverage 4.8x 14.9x –
Current ratio 9.6x – 5.2x
Quick ratio 9.4x – 4.7x
Cash ratio 9.3x – 4.7x
Altman Z-score 2.53 – –

Shareholder Returns

7 metrics
MetricALMHBMNEXM
Dividend yield – 0.1% –
Net buyback yield – -0.4% –
Shareholder yield – -0.2% –
Payout ratio (earnings) – 1.3% –
Payout ratio (FCF) – 1.0% –
Dividend growth (1Y) – -260.4% –
Dividend CAGR (3Y) – -59.0% –

Analyst Estimates

Solid lines are reported fiscal-year results; dashed lines are the consensus for the years ahead. Hover a year for the analysts' high and low, and how each result compared with its estimate.

ConsensusALMHBMNEXM
Forward P/E 14.5xFY2026 14.5xFY2026 –
EPS, next fiscal year $0.60FY2026 $1.48FY2026 –
EPS growth, next FY – +120.9%FY2026 –
EPS growth, the year after +115.0% +27.7% –
Revenue, next fiscal year $228.30MFY2026 $3.05BFY2026 –
Revenue growth, next FY +864.1%FY2026 +37.8%FY2026 –
Revenue growth, the year after +190.0% +18.9% –

Institutional Ownership

13F filings, quarter ended Jun 30, 2026
HoldersALMHBMNEXM
Held by institutions 59.4% 83.1% 18.4%
Institutions holding 181 319 16
Change in shares held, QoQ +27.9% +10.9% -6.0%
Institutions buying 140 200 8
Institutions selling 30 82 4
Buyers to sellers 4.67 2.44 2.00

Return Correlation

Daily returns, last 12 months

1.00 means two stocks move in lockstep, 0 that they move independently. Pairs below about 0.5 diversify each other.

ALMHBMNEXM
ALM 1.00 0.57 0.24
HBM 0.57 1.00 0.46
NEXM 0.24 0.46 1.00

Add a Peer

Largest companies in the same industry

Related Comparisons

Frequently Asked Questions

Which is bigger, ALM, HBM and NEXM?

Hudbay Minerals (HBM) is the largest by market capitalisation: Almonty Industries (ALM) $1.82B, Hudbay Minerals (HBM) $8.76B, NexMetals Mining (NEXM) $47.59M.

Which stock is cheaper, ALM, HBM and NEXM?

Hudbay Minerals (HBM) trades on the lowest price-to-earnings ratio (Almonty Industries (ALM) 32.0x, Hudbay Minerals (HBM) 12.8x, NexMetals Mining (NEXM) -1.3x). On next year's consensus earnings, Almonty Industries (ALM) is cheapest (Almonty Industries (ALM) 14.5x, Hudbay Minerals (HBM) 14.5x). A lower multiple can reflect slower expected growth, so read it next to the growth figures.

Which company is growing faster?

NexMetals Mining (NEXM) grew revenue fastest over the trailing twelve months: Almonty Industries (ALM) +208.0%, Hudbay Minerals (HBM) +12.1%, NexMetals Mining (NEXM) +280.5%.

Which company is more profitable?

Almonty Industries (ALM) has the highest net margin (Almonty Industries (ALM) 91.6%, Hudbay Minerals (HBM) 27.7%, NexMetals Mining (NEXM) -11,801.7%).

Which stock has performed better?

Over the past year Hudbay Minerals (HBM) returned the most: Almonty Industries (ALM) +32.9%, Hudbay Minerals (HBM) +35.4%, NexMetals Mining (NEXM) -66.4%. Over five years, Almonty Industries (ALM) compounded fastest (Almonty Industries (ALM) +40.0%/yr, Hudbay Minerals (HBM) +26.0%/yr, NexMetals Mining (NEXM) -47.0%/yr). Returns are price only, before dividends.

Which stock is riskier?

By one-year price volatility, Hudbay Minerals (HBM) has been the steadiest (Almonty Industries (ALM) 91.6%, Hudbay Minerals (HBM) 63.0%, NexMetals Mining (NEXM) 69.5%). Volatility measures how widely the price swings, not the risk of the business.

Which is the better stock, ALM, HBM and NEXM?

There is no single answer; it depends on what you are buying for. On the 12 head-to-head measures on this page, Hudbay Minerals (HBM) leads on 5. Business Quant does not give investment advice; use the comparison as a starting point for your own research.

Data from SEC filings, exchange prices and consensus estimates, via Business Quant. Percentile scores compare each company with its own peer group, so two companies' scores are each relative to different peers unless you rank against the whole market. Price returns exclude dividends. Nothing on this page is investment advice.