AMPX vs ELVA vs IE Stock Comparison

Amprius Technologies, Electrovaya and Ivanhoe Electric Prices as of Oct 27, 2026 Peers: Industry group
ELVA Electrovaya Inc.
$5.22 -17.8% 1M -16.9% 1Y
Market cap
$224.11M
P/E
50.8x
Revenue (TTM)
$71.82M
Div. yield
–
Energy Storage Industrials
4 wins
IE Ivanhoe Electric Inc.
$8.44 -20.1% 1M -44.7% 1Y
Market cap
$1.38B
P/E
–
Revenue (TTM)
$3.02M
Div. yield
–
Copper Basic Materials
3 wins

Head to Head

8 decided of 12

Electrovaya leads on 4 of the 12 questions below (Electrovaya 4, Ivanhoe Electric 3, Amprius Technologies 1). Which ones matter depends on what you are buying for; a cheap multiple and slow growth often come together.

QuestionAMPXELVAIELeader
Larger companyMarket capitalisation $1.31B $224.11M $1.38B IE
Cheaper on earningsLower P/E, profitable companies only -34.0x 50.8x -40.1x –
Cheaper on forward earningsLower price / next fiscal year consensus EPS — 58.0x — –
Faster revenue growthRevenue growth, trailing twelve months +143.6% +30.9% -20.6% AMPX
More profitableNet margin, trailing twelve months -35.2% 6.1% -1,138.7% ELVA
Better return on capitalReturn on invested capital — 3.4% 0.0% ELVA
Less leveragedLower net debt / EBITDA — 4.9x -13.0x IE
Higher dividend yieldTrailing dividend yield 0.00% 0.00% 0.00% –
Better 1-year returnPrice return, last 12 months -29.8% -16.9% -44.7% ELVA
Better 5-year returnAnnualised price return, 5 years — +0.9%/yr — –
Less volatileAnnualised volatility, 1 year 99.9% 94.3% 76.9% IE
Higher overall scoreMean of the five percentile scores vs peers 52/100 77/100 45/100 ELVA

Percentile Scorecard

AMPXELVAIE

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

AxisAMPXELVAIE
Valuation 43 #35 of 61 70 #19 of 61 25 #122 of 162
Growth 46 #32 of 58 95 #4 of 58 63 #55 of 147
Profitability 46 #30 of 55 78 #13 of 55 36 #78 of 122
Financial Health 91 #7 of 71 54 #33 of 71 86 #24 of 164
Shareholder Returns 35 #20 of 30 90 #4 of 30 14 #92 of 107
Overall 52 77 45
  • AMPX ranked among 71 companies in Clean Energy Equipment
  • ELVA ranked among 71 companies in Clean Energy Equipment
  • IE 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

PeriodAMPXELVAIESPY
1 month -9.1%-17.8%-20.1% -0.2%
3 months -2.6%-34.7%-7.2% +3.9%
6 months -55.0%-42.1%-35.8% +8.2%
Year to date +12.4%-33.9%-47.2% +12.9%
1 year -29.8%-16.9%-44.7% +12.3%
3 years +216.8%+83.9%-20.5% +87.4%
3 years, per year +46.9%+22.5%-7.3% +23.3%
5 years —+4.3%— +67.9%
5 years, per year —+0.9%— +10.9%
10 years —-55.0%— +261.1%
10 years, per year —-7.7%— +13.7%

Risk

MeasureAMPXELVAIESPY
Volatility, 1Y 99.9%94.3%76.9% 12.7%
Downside volatility, 1Y 106.4%90.9%81.0% 12.7%
Beta vs S&P 500, 1Y 3.453.443.32 1.00
Return / volatility, 1Y -0.30-0.18-0.58 0.97
Max drawdown, 5Y -94.5%-64.2%-71.1% -25.4%
From 52-week high -61.3%-57.4%-57.6% -1.2%
52-week high $22.91$12.26$19.92 $779.14
52-week low $7.59$4.23$7.68 $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.

MultipleAMPXELVAIE
P/E now vs peer median -33.1xmedian 27.2x 46.3xmedian 27.2x -38.8xmedian 13.3x
P/S now vs peer median 11.9xmedian 2.4x 3.1xmedian 2.4x 445.6xmedian 3.2x
EV/EBITDA now vs peer median -32.8xmedian 18.4x 47.8xmedian 18.4x 66.2xmedian 7.3x
P/FCF now vs peer median -22.2xmedian 28.6x 58.1xmedian 28.6x -16.2xmedian 14.7x
P/B now vs peer median 10.3xmedian 1.7x 3.3xmedian 1.7x 2.5xmedian 2.2x
PEG now vs peer median -4.40median 0.79 —median 0.79 -0.79median 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 monthsAMPXELVAIE
Revenue $109.23M $71.82M $3.02M
Gross profit $24.31M $23.70M $1.78M
Operating income -$41.15M $6.72M $14.34M
Net income -$36.54M $4.41M -$5.89M
Free cash flow -$58.44M $3.78M -$83.11M
R&D $13.16M $4.26M $78.04M
EPS (diluted) $-0.27 – $-0.22
Cash & equivalents $74.52M $13.08M $256.88M
Total debt – $118.21M $214.09M
Shares (diluted) 143.47M – 158.35M
Enterprise value $1.01B $161.61M $589.81M

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
MetricAMPXELVAIE
P/E -33.1x 46.3x -38.8x
P/FCF -22.2x 58.1x -16.2x
P/Operating cash flow -24.5x -26.4x -12.7x
P/S 11.9x 3.1x 445.6x
P/B 10.3x 3.3x 2.5x
P/Tangible book 10.3x 3.3x 2.5x
EV/EBITDA -32.8x 47.8x 66.2x
EV/EBIT -29.7x 36.5x 78.5x
EV/Revenue 11.2x 3.4x 372.3x
EV/FCF -20.9x 64.7x -13.5x
EV/Operating cash flow -23.1x -29.4x -10.6x
PEG (3Y EPS CAGR) -4.40 – -0.79

Growth

14 metrics
MetricAMPXELVAIE
Revenue growth (1Y) 143.6% 30.9% -20.6%
Revenue CAGR (3Y) 203.2% 31.3% -4.2%
Gross profit growth (1Y) 390.2% 45.1% -28.8%
Gross profit CAGR (3Y) 65.0% 43.3% 56.6%
Operating income growth (1Y) -4.2% 159.9% 111.6%
Operating income CAGR (3Y) -10.1% 52.9% 27.7%
Net income growth (1Y) 3.9% 267.2% 93.6%
Net income CAGR (3Y) -8.2% 38.9% 67.4%
EPS growth (1Y) 14.2% – 64.3%
EPS CAGR (3Y) 7.5% – 49.2%
Operating cash flow growth (1Y) -55.5% -26.6% 6.2%
Operating cash flow CAGR (3Y) -37.2% – 8.3%
Free cash flow growth (1Y) -75.3% 145.4% 28.4%
Free cash flow CAGR (3Y) -33.4% – 17.1%

Profitability

14 metrics
MetricAMPXELVAIE
Gross margin 22.3% 33.0% 58.7%
EBITDA margin -34.1% 7.1% 562.4%
Operating margin -37.7% 9.3% 474.5%
Pretax margin -37.7% 9.3% 207.3%
Net margin -35.2% 6.1% -1,139%
FCF margin -53.5% 5.3% -2,749%
Operating cash flow margin -48.4% -11.6% -3,507%
Return on equity -35.0% 9.8% -1.1%
Return on assets -29.4% 5.7% -1.0%
Return on invested capital – 3.4% 0.0%
Return on capital employed -33.8% 6.6% 2.7%
Asset turnover 0.8x 0.6x 0.0x
Cash conversion (OCF / net income) 1.4x -1.9x 18.0x
Stock comp / revenue 7.6% 4.6% 365.3%

Financial Health

11 metrics
MetricAMPXELVAIE
Debt / assets – 32.3% 6.0%
Debt / equity – 0.6x 0.1x
Net debt / EBITDA – 4.9x -13.0x
Debt / FCF – 10.1x -0.4x
Liabilities / assets 15.8% 43.3% 9.3%
Equity / assets 84.2% 56.7% 90.7%
Interest coverage – 18.8x –
Current ratio 7.2x 7.5x 5.0x
Quick ratio 6.3x 4.3x 5.2x
Cash ratio 4.1x 1.3x 4.8x
Altman Z-score 31.62 2.57 13.95

Shareholder Returns

7 metrics
MetricAMPXELVAIE
Dividend yield – – –
Net buyback yield -2.1% 1.9% -19.2%
Shareholder yield -2.1% 1.9% -19.2%
Payout ratio (earnings) – – –
Payout ratio (FCF) – – –
Dividend growth (1Y) – – –
Dividend CAGR (3Y) – – –

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.

ConsensusAMPXELVAIE
Forward P/E – 58.0xFY2026 –
EPS, next fiscal year $-0.09FY2026 $0.09FY2026 $-0.06FY2026
EPS growth, next FY – 0.0%FY2026 –
EPS growth, the year after – +133.3% –
Revenue, next fiscal year $150.37MFY2026 $74.36MFY2026 $3.16MFY2026
Revenue growth, next FY +106.0%FY2026 +16.5%FY2026 -2.5%FY2026
Revenue growth, the year after +50.8% +44.3% -6.5%

Institutional Ownership

13F filings, quarter ended Jun 30, 2026
HoldersAMPXELVAIE
Held by institutions 67.4% 37.1% 74.0%
Institutions holding 259 94 203
Change in shares held, QoQ +14.9% +4.8% +2.3%
Institutions buying 173 52 126
Institutions selling 63 26 56
Buyers to sellers 2.75 2.00 2.25

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.

AMPXELVAIE
AMPX 1.00 0.46 0.46
ELVA 0.46 1.00 0.39
IE 0.46 0.39 1.00

Add a Peer

Largest companies in the same industry

Related Comparisons

Frequently Asked Questions

Which is bigger, AMPX, ELVA and IE?

Ivanhoe Electric (IE) is the largest by market capitalisation: Amprius Technologies (AMPX) $1.31B, Electrovaya (ELVA) $224.11M, Ivanhoe Electric (IE) $1.38B.

Which company is growing faster?

Amprius Technologies (AMPX) grew revenue fastest over the trailing twelve months: Amprius Technologies (AMPX) +143.6%, Electrovaya (ELVA) +30.9%, Ivanhoe Electric (IE) -20.6%.

Which company is more profitable?

Electrovaya (ELVA) has the highest net margin (Amprius Technologies (AMPX) -35.2%, Electrovaya (ELVA) 6.1%, Ivanhoe Electric (IE) -1,138.7%). On return on invested capital, Electrovaya (ELVA) leads (Electrovaya (ELVA) 3.4%, Ivanhoe Electric (IE) 0.0%).

Which stock has performed better?

Over the past year Electrovaya (ELVA) returned the most: Amprius Technologies (AMPX) -29.8%, Electrovaya (ELVA) -16.9%, Ivanhoe Electric (IE) -44.7%. Returns are price only, before dividends.

Which stock is riskier?

By one-year price volatility, Ivanhoe Electric (IE) has been the steadiest (Amprius Technologies (AMPX) 99.9%, Electrovaya (ELVA) 94.3%, Ivanhoe Electric (IE) 76.9%). Volatility measures how widely the price swings, not the risk of the business.

Which is the better stock, AMPX, ELVA and IE?

There is no single answer; it depends on what you are buying for. On the 12 head-to-head measures on this page, Electrovaya (ELVA) leads on 4. 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.