ATLX vs LAR vs IONR Stock Comparison

Atlas Lithium, Lithium Argentina AG and Ioneer Prices as of Oct 28, 2026 Peers: Industry group
ATLX Atlas Lithium Corp
$1.89 -25.0% 1M -62.5% 1Y
Market cap
$53.15M
P/E
–
Revenue (TTM)
$126.77K
Div. yield
–
Lithium Basic Materials
LAR Lithium Argentina AG
$4.55 -16.1% 1M +8.1% 1Y
Market cap
$721.67M
P/E
–
Revenue (TTM)
$225.80M
Div. yield
–
Lithium Basic Materials
8 wins
IONR ioneer Ltd
$2.80 -10.5% 1M -40.7% 1Y
Market cap
$165.03M
P/E
–
Revenue (TTM)
—
Div. yield
–
Lithium Basic Materials

Head to Head

8 decided of 12

Lithium Argentina AG leads on 8 of the 12 questions below (Lithium Argentina AG 8). Which ones matter depends on what you are buying for; a cheap multiple and slow growth often come together.

QuestionATLXLARIONRLeader
Larger companyMarket capitalisation $53.15M $721.67M $165.03M LAR
Cheaper on earningsLower P/E, profitable companies only -1.4x -13.4x — –
Cheaper on forward earningsLower price / next fiscal year consensus EPS — 20.7x — –
Faster revenue growthRevenue growth, trailing twelve months -69.3% +371.3% — LAR
More profitableNet margin, trailing twelve months -29,435.3% -23.9% — LAR
Better return on capitalReturn on invested capital — 0.0% — –
Less leveragedLower net debt / EBITDA 0.6x -3.4x — LAR
Higher dividend yieldTrailing dividend yield 0.00% 0.00% 0.00% –
Better 1-year returnPrice return, last 12 months -62.5% +8.1% -40.7% LAR
Better 5-year returnAnnualised price return, 5 years -21.2%/yr -17.2%/yr — LAR
Less volatileAnnualised volatility, 1 year 78.6% 74.4% 79.3% LAR
Higher overall scoreMean of the five percentile scores vs peers 16/100 67/100 — LAR

Percentile Scorecard

ATLXLARIONR

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

AxisATLXLARIONR
Valuation 5 #154 of 162 71 #47 of 162 –
Growth 25 #111 of 147 75 #38 of 147 –
Profitability 10 #110 of 122 41 #73 of 122 –
Financial Health 40 #99 of 164 74 #43 of 164 98 #4 of 164
Shareholder Returns 1 #106 of 107 74 #29 of 107 –
Overall 16 67 –
  • ATLX ranked among 176 companies in Metals and Mining
  • LAR ranked among 176 companies in Metals and Mining
  • IONR 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

PeriodATLXLARIONRSPY
1 month -25.0%-16.1%-10.5% +0.9%
3 months -26.2%-18.0%-13.0% +5.9%
6 months -59.5%-52.7%-28.4% +8.5%
Year to date -55.3%-18.5%-41.7% +13.3%
1 year -62.5%+8.1%-40.7% +12.4%
3 years -91.5%-21.7%-25.1% +88.1%
3 years, per year -56.0%-7.8%-9.2% +23.5%
5 years -69.6%-61.0%— +68.2%
5 years, per year -21.2%-17.2%— +11.0%
10 years -97.5%+317.4%— +263.4%
10 years, per year -30.8%+15.4%— +13.8%

Risk

MeasureATLXLARIONRSPY
Volatility, 1Y 78.6%74.4%79.3% 12.7%
Downside volatility, 1Y 83.4%71.9%76.8% 12.7%
Beta vs S&P 500, 1Y 2.442.621.45 1.00
Return / volatility, 1Y -0.800.11-0.51 0.98
Max drawdown, 5Y -95.5%-89.5%-87.8% -25.4%
From 52-week high -70.7%-61.4%-56.2% -0.9%
52-week high $6.46$11.79$6.39 $779.14
52-week low $1.85$3.72$2.55 $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.

MultipleATLXLARIONR
P/E now vs peer median -1.5xmedian 13.4x -13.7xmedian 13.4x —median 13.4x
P/S now vs peer median 448.2xmedian 3.2x 3.3xmedian 3.2x —median 3.2x
EV/EBITDA now vs peer median -0.7xmedian 7.3x 4.2xmedian 7.3x —median 7.3x
P/FCF now vs peer median -1.6xmedian 14.8x -37.0xmedian 14.8x —median 14.8x
P/B now vs peer median 1.1xmedian 2.3x 0.9xmedian 2.3x 0.7xmedian 2.3x
PEG now vs peer median -0.13median 0.31 0.24median 0.31 —median 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 monthsATLXLARIONR
Revenue $126.77K $225.80M –
Gross profit $93.51K $110.90M –
Operating income -$44.33M $256.12M –
Net income -$43.45M -$18.74M –
Free cash flow -$35.25M -$19.96M –
R&D $8.24M $4.53M –
EPS (diluted) $-1.27 $-0.33 –
Cash & equivalents $36.09M $99.72M $58.84M
Total debt $30.46M -$169.70M –
Shares (diluted) 29.36M 162.17M 60.35M
Enterprise value -$74.22M $281.25M $30.64M

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
MetricATLXLARIONR
P/E -1.5x -13.7x –
P/FCF -1.6x -37.0x –
P/Operating cash flow -1.8x -37.0x –
P/S 448.2x 3.3x –
P/B 1.1x 0.9x 0.7x
P/Tangible book 1.1x 0.9x 0.7x
EV/EBITDA -0.7x 4.2x –
EV/EBIT -0.7x 4.2x –
EV/Revenue 242.7x 1.8x –
EV/FCF -0.9x -20.4x –
EV/Operating cash flow -1.0x -20.4x –
PEG (3Y EPS CAGR) -0.13 0.24 –

Growth

14 metrics
MetricATLXLARIONR
Revenue growth (1Y) -69.3% 371.3% –
Revenue CAGR (3Y) – – –
Gross profit growth (1Y) 1,960% 32,338% –
Gross profit CAGR (3Y) – – –
Operating income growth (1Y) -19.5% 213.4% –
Operating income CAGR (3Y) -35.0% – –
Net income growth (1Y) -15.0% 48.1% –
Net income CAGR (3Y) -34.0% -17.8% –
EPS growth (1Y) 34.0% 95.8% –
EPS CAGR (3Y) 11.8% -57.1% –
Operating cash flow growth (1Y) -103.0% 39.6% –
Operating cash flow CAGR (3Y) -76.4% 31.4% –
Free cash flow growth (1Y) -21.6% 43.8% –
Free cash flow CAGR (3Y) -96.3% 31.2% –

Profitability

14 metrics
MetricATLXLARIONR
Gross margin 73.8% 49.1% –
EBITDA margin -34,866% 43.1% –
Operating margin -34,967% 113.4% –
Pretax margin -34,273% -12.2% –
Net margin -29,435% -23.9% –
FCF margin -27,809% -8.8% –
Operating cash flow margin -25,301% -8.8% –
Return on equity -81.6% 1.6% –
Return on assets -49.1% 1.2% –
Return on invested capital – 0.0% –
Return on capital employed -60.7% 6.9% –
Asset turnover 0.0x 0.2x –
Cash conversion (OCF / net income) 0.7x 1.1x –
Stock comp / revenue 8,646% 6.9% –

Financial Health

11 metrics
MetricATLXLARIONR
Debt / assets 11.2% -14.7% –
Debt / equity 0.2x -0.2x –
Net debt / EBITDA 0.6x -3.4x –
Debt / FCF -0.3x 8.5x –
Liabilities / assets 39.9% 27.2% 0.9%
Equity / assets 60.1% 72.8% 99.1%
Interest coverage – 161.6x –
Current ratio 2.4x -2.0x 25.8x
Quick ratio 2.3x -0.7x 25.8x
Cash ratio 2.3x -0.7x 25.6x
Altman Z-score -3.41 1.75 –

Shareholder Returns

7 metrics
MetricATLXLARIONR
Dividend yield – – –
Net buyback yield -91.2% -0.2% –
Shareholder yield -91.2% -0.2% –
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.

ConsensusATLXLARIONR
Forward P/E – 20.7xFY2026 –
EPS, next fiscal year $-1.57FY2026 $0.22FY2026 $0.00FY2026
EPS growth, the year after – +27.3% –
Revenue, next fiscal year $94.14KFY2026 $0.00FY2026 $717.29KFY2026
Revenue growth, next FY -5.9%FY2026 – +9.8%FY2026
Revenue growth, the year after +236,636.9% – -100.0%

Institutional Ownership

13F filings, quarter ended Jun 30, 2026
HoldersATLXLARIONR
Held by institutions 9.5% 33.9% 3.9%
Institutions holding 43 164 34
Change in shares held, QoQ -44.5% +0.6% -10.1%
Institutions buying 19 75 20
Institutions selling 9 48 5
Buyers to sellers 2.11 1.56 4.00

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.

ATLXLARIONR
ATLX 1.00 0.64 0.33
LAR 0.64 1.00 0.36
IONR 0.33 0.36 1.00

Add a Peer

Largest companies in the same industry

Related Comparisons

Frequently Asked Questions

Which is bigger, ATLX, LAR and IONR?

Lithium Argentina AG (LAR) is the largest by market capitalisation: Atlas Lithium (ATLX) $53.15M, Lithium Argentina AG (LAR) $721.67M, Ioneer (IONR) $165.03M.

Which company is growing faster?

Lithium Argentina AG (LAR) grew revenue fastest over the trailing twelve months: Atlas Lithium (ATLX) -69.3%, Lithium Argentina AG (LAR) +371.3%.

Which company is more profitable?

Lithium Argentina AG (LAR) has the highest net margin (Atlas Lithium (ATLX) -29,435.3%, Lithium Argentina AG (LAR) -23.9%).

Which stock has performed better?

Over the past year Lithium Argentina AG (LAR) returned the most: Atlas Lithium (ATLX) -62.5%, Lithium Argentina AG (LAR) +8.1%, Ioneer (IONR) -40.7%. Over five years, Lithium Argentina AG (LAR) compounded fastest (Atlas Lithium (ATLX) -21.2%/yr, Lithium Argentina AG (LAR) -17.2%/yr). Returns are price only, before dividends.

Which stock is riskier?

By one-year price volatility, Lithium Argentina AG (LAR) has been the steadiest (Atlas Lithium (ATLX) 78.6%, Lithium Argentina AG (LAR) 74.4%, Ioneer (IONR) 79.3%). Volatility measures how widely the price swings, not the risk of the business.

Which is the better stock, ATLX, LAR and IONR?

There is no single answer; it depends on what you are buying for. On the 12 head-to-head measures on this page, Lithium Argentina AG (LAR) leads on 8. 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.