ALM vs HBM vs NEXM Stock Comparison

Almonty Industries, Hudbay Minerals and NexMetals Mining Prices as of Oct 27, 2026 Peers: Industry group
ALM Almonty Industries Inc.
$9.56 -30.3% 1M +43.1% 1Y
Market cap
$1.92B
P/E
33.7x
Revenue (TTM)
$62.16M
Div. yield
–
Copper Basic Materials
3 wins
HBM Hudbay Minerals Inc.
$23.38 -12.2% 1M +50.8% 1Y
Market cap
$9.31B
P/E
13.6x
Revenue (TTM)
$2.47B
Div. yield
0.00%
Copper Basic Materials
6 wins
NEXM NexMetals Mining Corp.
$1.41 -35.0% 1M -68.9% 1Y
Market cap
$51.33M
P/E
–
Revenue (TTM)
$314.41K
Div. yield
–
Copper Basic Materials
1 win

Head to Head

10 decided of 12

Hudbay Minerals leads on 6 of the 12 questions below (Hudbay Minerals 6, Almonty Industries 3, 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 $1.92B $9.31B $51.33M HBM
Cheaper on earningsLower P/E, profitable companies only 33.7x 13.6x -1.4x HBM
Cheaper on forward earningsLower price / next fiscal year consensus EPS 15.9x 15.8x — HBM
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 +43.1% +50.8% -68.9% HBM
Better 5-year returnAnnualised price return, 5 years +42.0%/yr +27.0%/yr -46.6%/yr ALM
Less volatileAnnualised volatility, 1 year 92.7% 62.7% 70.2% HBM
Higher overall scoreMean of the five percentile scores vs peers 62/100 70/100 38/100 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 32 #110 of 162 83 #29 of 162 8 #149 of 162
Growth 93 #12 of 147 89 #17 of 147 58 #63 of 147
Profitability 79 #26 of 122 87 #17 of 122 3 #119 of 122
Financial Health 45 #90 of 164 49 #85 of 164 83 #29 of 164
Shareholder Returns – 42 #63 of 107 –
Overall 62 70 38
  • ALM ranked among 176 companies in Metals and Mining
  • HBM ranked among 176 companies in Metals and Mining
  • NEXM ranked among 176 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 -30.3%-12.2%-35.0% -0.2%
3 months -21.8%+7.3%-33.5% +3.9%
6 months -54.0%+1.7%-42.7% +8.2%
Year to date +8.5%+17.8%-63.9% +12.9%
1 year +43.1%+50.8%-68.9% +12.3%
3 years +962.2%+433.8%-94.0% +87.4%
3 years, per year +119.9%+74.8%-60.8% +23.3%
5 years +475.9%+230.7%-95.6% +67.9%
5 years, per year +42.0%+27.0%-46.6% +10.9%
10 years +2,231.7%+484.5%-98.3% +261.1%
10 years, per year +37.0%+19.3%-33.5% +13.7%

Risk

MeasureALMHBMNEXMSPY
Volatility, 1Y 92.7%62.7%70.2% 12.7%
Downside volatility, 1Y 89.9%67.5%73.5% 12.7%
Beta vs S&P 500, 1Y 3.152.761.47 1.00
Return / volatility, 1Y 0.460.81-0.98 0.97
Max drawdown, 5Y -62.6%-63.3%-97.2% -25.4%
From 52-week high -59.2%-26.6%-68.9% -1.2%
52-week high $23.42$31.87$4.54 $779.14
52-week low $5.59$14.58$1.38 $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 34.9xmedian 13.3x 13.5xmedian 13.3x -1.4xmedian 13.3x
P/S now vs peer median 40.4xmedian 3.2x 3.7xmedian 3.2x 159.9xmedian 3.2x
EV/EBITDA now vs peer median 5.6xmedian 7.3x 6.2xmedian 7.3x —median 7.3x
P/FCF now vs peer median —median 14.7x 10.5xmedian 14.7x -0.8xmedian 14.7x
P/B now vs peer median 6.5xmedian 2.2x 1.9xmedian 2.2x 1.2xmedian 2.2x
PEG now vs peer median —median 0.31 0.04median 0.31 -0.06median 0.31

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 $887.79M $3.67B $3.73M
Shares (diluted) 208.03M 396.65M 35.65M
Enterprise value $762.19M $6.16B -$18.62M

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 34.9x 13.5x -1.4x
P/FCF – 10.5x -0.8x
P/Operating cash flow – 10.5x -1.5x
P/S 40.4x 3.7x 159.9x
P/B 6.5x 1.9x 1.2x
P/Tangible book 6.5x 1.9x 1.2x
EV/EBITDA 5.6x 6.2x –
EV/EBIT 73.5x 8.6x –
EV/Revenue 35.7x 3.8x 124.6x
EV/FCF – 10.7x -0.7x
EV/Operating cash flow – 10.7x -1.2x
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 2.70 – –

Shareholder Returns

7 metrics
MetricALMHBMNEXM
Dividend yield – 0.1% –
Net buyback yield – -0.3% –
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 15.9xFY2026 15.8xFY2026 –
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% 17.5%
Institutions holding 181 319 15
Change in shares held, QoQ +27.9% +10.9% -7.1%
Institutions buying 140 200 7
Institutions selling 30 82 4
Buyers to sellers 4.67 2.44 1.75

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 0.56 0.23
HBM 0.56 1.00 0.46
NEXM 0.23 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) $1.92B, Hudbay Minerals (HBM) $9.31B, NexMetals Mining (NEXM) $51.33M.

Which stock is cheaper, ALM, HBM and NEXM?

Hudbay Minerals (HBM) trades on the lowest price-to-earnings ratio (Almonty Industries (ALM) 33.7x, Hudbay Minerals (HBM) 13.6x, NexMetals Mining (NEXM) -1.4x). On next year's consensus earnings, Hudbay Minerals (HBM) is cheapest (Almonty Industries (ALM) 15.9x, Hudbay Minerals (HBM) 15.8x). 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) +43.1%, Hudbay Minerals (HBM) +50.8%, NexMetals Mining (NEXM) -68.9%. Over five years, Almonty Industries (ALM) compounded fastest (Almonty Industries (ALM) +42.0%/yr, Hudbay Minerals (HBM) +27.0%/yr, NexMetals Mining (NEXM) -46.6%/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) 92.7%, Hudbay Minerals (HBM) 62.7%, NexMetals Mining (NEXM) 70.2%). 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 6. 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.