IPX vs HBM vs IE Stock Comparison

Iperionx, Hudbay Minerals and Ivanhoe Electric Prices as of Oct 26, 2026 Peers: Industry group
IPX IPERIONX Ltd
$13.06 -33.4% 1M -73.7% 1Y
Market cap
$483.30M
P/E
–
Revenue (TTM)
—
Div. yield
–
Copper Basic Materials
HBM Hudbay Minerals Inc.
$22.16 -16.8% 1M +40.0% 1Y
Market cap
$9.13B
P/E
13.3x
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
$1.31B
P/E
–
Revenue (TTM)
$3.02M
Div. yield
–
Copper Basic Materials
1 win

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.

QuestionIPXHBMIELeader
Larger companyMarket capitalisation $483.30M $9.13B $1.31B HBM
Cheaper on earningsLower P/E, profitable companies only -6.6x 13.3x -38.0x –
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 -73.7% +40.0% -51.6% HBM
Better 5-year returnAnnualised price return, 5 years — +26.0%/yr — –
Less volatileAnnualised volatility, 1 year 83.9% 62.6% 76.5% HBM
Higher overall scoreMean of the five percentile scores vs peers — 70/100 45/100 HBM

Percentile Scorecard

IPXHBMIE

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

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

PeriodIPXHBMIESPY
1 month -33.4%-16.8%-27.3% -0.8%
3 months -43.1%-1.0%-17.2% +3.5%
6 months -60.0%-9.2%-44.6% +7.0%
Year to date -63.9%+11.6%-51.9% +12.2%
1 year -73.7%+40.0%-51.6% +13.0%
3 years +64.9%+405.9%-27.6% +86.3%
3 years, per year +18.2%+71.7%-10.2% +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

MeasureIPXHBMIESPY
Volatility, 1Y 83.9%62.6%76.5% 12.7%
Downside volatility, 1Y 91.0%67.5%81.0% 12.7%
Beta vs S&P 500, 1Y 3.572.753.30 1.00
Return / volatility, 1Y -0.880.64-0.68 1.02
Max drawdown, 5Y -79.3%-63.3%-71.1% -25.4%
From 52-week high -78.3%-30.5%-61.4% -1.8%
52-week high $60.11$31.87$19.92 $779.14
52-week low $12.44$14.58$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.

MultipleIPXHBMIE
P/E now vs peer median -6.6xmedian 12.8x 12.8xmedian 12.8x -35.3xmedian 12.8x
P/S now vs peer median -278.1xmedian 3.1x 3.6xmedian 3.1x 405.5xmedian 3.1x
EV/EBITDA now vs peer median —median 7.0x 5.9xmedian 7.0x 59.1xmedian 7.0x
P/FCF now vs peer median -6.9xmedian 15.2x 10.0xmedian 15.2x -14.7xmedian 15.2x
P/B now vs peer median 5.0xmedian 2.1x 1.8xmedian 2.1x 2.3xmedian 2.1x
PEG now vs peer median —median 0.29 0.04median 0.29 -0.72median 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 monthsIPXHBMIE
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 $35.24M $890.90M $256.88M
Total debt $37.59M $3.67B $214.09M
Shares (diluted) 33.57M 396.65M 158.35M
Enterprise value $250.29M $5.98B $516.97M

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
MetricIPXHBMIE
P/E -6.6x 12.8x -35.3x
P/FCF -6.9x 10.0x -14.7x
P/Operating cash flow – 10.0x -11.6x
P/S -278.1x 3.6x 405.5x
P/B 5.0x 1.8x 2.3x
P/Tangible book 5.8x 1.8x 2.3x
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
MetricIPXHBMIE
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
MetricIPXHBMIE
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
MetricIPXHBMIE
Debt / assets 30.7% 78.4% 6.0%
Debt / equity 0.4x 0.2x 0.1x
Net debt / EBITDA – 0.1x -13.0x
Debt / FCF – 1.3x -0.4x
Liabilities / assets 16.5% -231.7% 9.3%
Equity / assets 83.5% 331.7% 90.7%
Interest coverage – 14.9x –
Current ratio 3.2x – 5.0x
Quick ratio 2.8x – 5.2x
Cash ratio 2.6x – 4.8x
Altman Z-score – – 12.61

Shareholder Returns

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

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

Institutional Ownership

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

IPXHBMIE
IPX 1.00 0.57 0.57
HBM 0.57 1.00 0.75
IE 0.57 0.75 1.00

Add a Peer

Largest companies in the same industry

Related Comparisons

Frequently Asked Questions

Which is bigger, IPX, HBM and IE?

Hudbay Minerals (HBM) is the largest by market capitalisation: Iperionx (IPX) $483.30M, Hudbay Minerals (HBM) $9.13B, Ivanhoe Electric (IE) $1.31B.

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

Which stock is riskier?

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

Which is the better stock, IPX, HBM 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, 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.