HBM vs IE vs IPX Stock Comparison

Hudbay Minerals, Ivanhoe Electric and Iperionx Prices as of Oct 26, 2026 Peers: Industry group
HBM Hudbay Minerals Inc.
$22.16 -16.8% 1M +40.0% 1Y
Market cap
$9.24B
P/E
13.5x
Revenue (TTM)
$2.47B
Div. yield
0.00%
Copper Basic Materials
7 wins
IE Ivanhoe Electric Inc.
$7.68 -27.3% 1M -51.6% 1Y
Market cap
$1.34B
P/E
–
Revenue (TTM)
$3.02M
Div. yield
–
Copper Basic Materials
1 win
IPX IPERIONX Ltd
$13.06 -33.4% 1M -73.7% 1Y
Market cap
$486.82M
P/E
–
Revenue (TTM)
—
Div. yield
–
Copper Basic Materials

Head to Head

8 decided of 12

Hudbay Minerals leads on 7 of the 12 questions below (Hudbay Minerals 7, Ivanhoe Electric 1). Which ones matter depends on what you are buying for; a cheap multiple and slow growth often come together.

QuestionHBMIEIPXLeader
Larger companyMarket capitalisation $9.24B $1.34B $486.82M HBM
Cheaper on earningsLower P/E, profitable companies only 13.5x -38.9x -6.6x –
Cheaper on forward earningsLower price / next fiscal year consensus EPS 15.0x — — –
Faster revenue growthRevenue growth, trailing twelve months +12.1% -20.6% — HBM
More profitableNet margin, trailing twelve months 27.7% -1,138.7% — HBM
Better return on capitalReturn on invested capital 12.6% 0.0% — HBM
Less leveragedLower net debt / EBITDA 0.1x -13.0x — IE
Higher dividend yieldTrailing dividend yield 0.00% 0.00% 0.00% –
Better 1-year returnPrice return, last 12 months +40.0% -51.6% -73.7% HBM
Better 5-year returnAnnualised price return, 5 years +26.0%/yr — — –
Less volatileAnnualised volatility, 1 year 62.6% 76.5% 83.9% HBM
Higher overall scoreMean of the five percentile scores vs peers 70/100 45/100 — HBM

Percentile Scorecard

HBMIEIPX

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

AxisHBMIEIPX
Valuation 83 #29 of 162 26 #121 of 162 6 #152 of 162
Growth 89 #17 of 147 63 #55 of 147 –
Profitability 87 #17 of 122 36 #78 of 122 –
Financial Health 49 #85 of 165 86 #24 of 165 56 #74 of 165
Shareholder Returns 43 #62 of 107 14 #92 of 107 –
Overall 70 45 –
  • HBM ranked among 176 companies in Metals and Mining
  • IE ranked among 176 companies in Metals and Mining
  • IPX 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

PeriodHBMIEIPXSPY
1 month -16.8%-27.3%-33.4% -0.8%
3 months -1.0%-17.2%-43.1% +3.5%
6 months -9.2%-44.6%-60.0% +7.0%
Year to date +11.6%-51.9%-63.9% +12.2%
1 year +40.0%-51.6%-73.7% +13.0%
3 years +405.9%-27.6%+64.9% +86.3%
3 years, per year +71.7%-10.2%+18.2% +23.1%
5 years +217.9%—— +68.6%
5 years, per year +26.0%—— +11.0%
10 years +475.6%—— +258.0%
10 years, per year +19.1%—— +13.6%

Risk

MeasureHBMIEIPXSPY
Volatility, 1Y 62.6%76.5%83.9% 12.7%
Downside volatility, 1Y 67.5%81.0%91.0% 12.7%
Beta vs S&P 500, 1Y 2.753.303.57 1.00
Return / volatility, 1Y 0.64-0.68-0.88 1.02
Max drawdown, 5Y -63.3%-71.1%-79.3% -25.4%
From 52-week high -30.5%-61.4%-78.3% -1.8%
52-week high $31.87$19.92$60.11 $779.14
52-week low $14.58$7.68$12.44 $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.

MultipleHBMIEIPX
P/E now vs peer median 12.8xmedian 12.8x -35.3xmedian 12.8x -6.6xmedian 12.8x
P/S now vs peer median 3.6xmedian 3.1x 405.5xmedian 3.1x -278.1xmedian 3.1x
EV/EBITDA now vs peer median 5.9xmedian 7.0x 59.1xmedian 7.0x —median 7.0x
P/FCF now vs peer median 10.0xmedian 15.2x -14.7xmedian 15.2x -6.9xmedian 15.2x
P/B now vs peer median 1.8xmedian 2.1x 2.3xmedian 2.1x 5.0xmedian 2.1x
PEG now vs peer median 0.04median 0.29 -0.72median 0.29 —median 0.29

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 monthsHBMIEIPX
Revenue $2.47B $3.02M –
Gross profit $972.40M $1.78M –
Operating income $1.10B $14.34M –
Net income $680.00M -$5.89M –
Free cash flow $880.20M -$83.11M –
R&D $58.40M $78.04M –
EPS (diluted) $1.72 $-0.22 –
Cash & equivalents $890.90M $256.88M $35.24M
Total debt $3.67B $214.09M $37.59M
Shares (diluted) 396.65M 158.35M 33.57M
Enterprise value $6.09B $550.22M $253.81M

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
MetricHBMIEIPX
P/E 12.8x -35.3x -6.6x
P/FCF 10.0x -14.7x -6.9x
P/Operating cash flow 10.0x -11.6x –
P/S 3.6x 405.5x -278.1x
P/B 1.8x 2.3x 5.0x
P/Tangible book 1.8x 2.3x 5.8x
EV/EBITDA 5.9x 59.1x –
EV/EBIT 8.1x 70.0x –
EV/Revenue 3.6x 332.1x –
EV/FCF 10.2x -12.1x –
EV/Operating cash flow 10.2x -9.5x –
PEG (3Y EPS CAGR) 0.04 -0.72 –

Growth

14 metrics
MetricHBMIEIPX
Revenue growth (1Y) 12.1% -20.6% –
Revenue CAGR (3Y) 24.6% -4.2% –
Gross profit growth (1Y) 32.8% -28.8% –
Gross profit CAGR (3Y) 71.9% 56.6% –
Operating income growth (1Y) 89.3% 111.6% –
Operating income CAGR (3Y) 126.5% 27.7% –
Net income growth (1Y) 139.9% 93.6% –
Net income CAGR (3Y) 410.6% 67.4% –
EPS growth (1Y) 122.6% 64.3% –
EPS CAGR (3Y) 346.8% 49.2% –
Operating cash flow growth (1Y) 1.5% 6.2% –
Operating cash flow CAGR (3Y) – 8.3% –
Free cash flow growth (1Y) 2,912% 28.4% –
Free cash flow CAGR (3Y) 115.3% 17.1% –

Profitability

14 metrics
MetricHBMIEIPX
Gross margin 39.4% 58.7% –
EBITDA margin 61.9% 562.4% –
Operating margin 44.7% 474.5% –
Pretax margin 47.3% 207.3% –
Net margin 27.7% -1,139% –
FCF margin 35.7% -2,749% –
Operating cash flow margin 35.6% -3,507% –
Return on equity 16.3% -1.1% –
Return on assets 43.1% -1.0% –
Return on invested capital 12.6% 0.0% –
Return on capital employed – 2.7% –
Asset turnover 1.6x 0.0x –
Cash conversion (OCF / net income) 1.3x 18.0x –
Stock comp / revenue 3.3% 365.3% –

Financial Health

11 metrics
MetricHBMIEIPX
Debt / assets 78.4% 6.0% 30.7%
Debt / equity 0.2x 0.1x 0.4x
Net debt / EBITDA 0.1x -13.0x –
Debt / FCF 1.3x -0.4x –
Liabilities / assets -231.7% 9.3% 16.5%
Equity / assets 331.7% 90.7% 83.5%
Interest coverage 14.9x – –
Current ratio – 5.0x 3.2x
Quick ratio – 5.2x 2.8x
Cash ratio – 4.8x 2.6x
Altman Z-score – 12.61 –

Shareholder Returns

7 metrics
MetricHBMIEIPX
Dividend yield 0.1% – –
Net buyback yield -0.4% -21.1% –
Shareholder yield -0.2% -21.1% 0.0%
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.

ConsensusHBMIEIPX
Forward P/E 15.0xFY2026 – –
EPS, next fiscal year $1.48FY2026 $-0.06FY2026 $-0.17FY2027
EPS growth, next FY +120.9%FY2026 – –
EPS growth, the year after +27.7% – –
Revenue, next fiscal year $3.05BFY2026 $3.16MFY2026 $22.33MFY2027
Revenue growth, next FY +37.8%FY2026 -2.5%FY2026 –
Revenue growth, the year after +18.9% -6.5% +331.3%

Institutional Ownership

13F filings, quarter ended Jun 30, 2026
HoldersHBMIEIPX
Held by institutions 83.1% 74.0% 13.9%
Institutions holding 319 203 59
Change in shares held, QoQ +10.9% +2.3% +9.4%
Institutions buying 200 126 46
Institutions selling 82 56 7
Buyers to sellers 2.44 2.25 6.57

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.

HBMIEIPX
HBM 1.00 0.76 0.57
IE 0.76 1.00 0.57
IPX 0.57 0.57 1.00

Add a Peer

Largest companies in the same industry

Related Comparisons

Frequently Asked Questions

Which is bigger, HBM, IE and IPX?

Hudbay Minerals (HBM) is the largest by market capitalisation: Hudbay Minerals (HBM) $9.24B, Ivanhoe Electric (IE) $1.34B, Iperionx (IPX) $486.82M.

Which company is growing faster?

Hudbay Minerals (HBM) grew revenue fastest over the trailing twelve months: Hudbay Minerals (HBM) +12.1%, Ivanhoe Electric (IE) -20.6%.

Which company is more profitable?

Hudbay Minerals (HBM) has the highest net margin (Hudbay Minerals (HBM) 27.7%, Ivanhoe Electric (IE) -1,138.7%). On return on invested capital, Hudbay Minerals (HBM) leads (Hudbay Minerals (HBM) 12.6%, Ivanhoe Electric (IE) 0.0%).

Which stock has performed better?

Over the past year Hudbay Minerals (HBM) returned the most: Hudbay Minerals (HBM) +40.0%, Ivanhoe Electric (IE) -51.6%, Iperionx (IPX) -73.7%. Returns are price only, before dividends.

Which stock is riskier?

By one-year price volatility, Hudbay Minerals (HBM) has been the steadiest (Hudbay Minerals (HBM) 62.6%, Ivanhoe Electric (IE) 76.5%, Iperionx (IPX) 83.9%). Volatility measures how widely the price swings, not the risk of the business.

Which is the better stock, HBM, IE and IPX?

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 7. 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.