LAR vs EMAT vs IONR Stock Comparison

Lithium Argentina AG, Evolution Metals & Technologies and Ioneer Prices as of Oct 27, 2026 Peers: Industry group
LAR Lithium Argentina AG
$4.58 -17.2% 1M +1.1% 1Y
Market cap
$733.18M
P/E
–
Revenue (TTM)
$225.80M
Div. yield
–
Lithium Basic Materials
3 wins
IONR ioneer Ltd
$2.73 -17.5% 1M -44.2% 1Y
Market cap
$164.44M
P/E
–
Revenue (TTM)
—
Div. yield
–
Lithium Basic Materials

Head to Head

4 decided of 12

Lithium Argentina AG leads on 3 of the 12 questions below (Lithium Argentina AG 3, Evolution Metals & Technologies 1). Which ones matter depends on what you are buying for; a cheap multiple and slow growth often come together.

QuestionLAREMATIONRLeader
Larger companyMarket capitalisation $733.18M $1.05B $164.44M EMAT
Cheaper on earningsLower P/E, profitable companies only -13.6x -19.6x — –
Cheaper on forward earningsLower price / next fiscal year consensus EPS 20.8x — — –
Faster revenue growthRevenue growth, trailing twelve months +371.3% — — –
More profitableNet margin, trailing twelve months -23.9% — — –
Better return on capitalReturn on invested capital 0.0% — — –
Less leveragedLower net debt / EBITDA -3.4x — — –
Higher dividend yieldTrailing dividend yield 0.00% 0.00% 0.00% –
Better 1-year returnPrice return, last 12 months +1.1% -88.6% -44.2% LAR
Better 5-year returnAnnualised price return, 5 years -16.4%/yr — — –
Less volatileAnnualised volatility, 1 year 74.7% 189.5% 79.3% LAR
Higher overall scoreMean of the five percentile scores vs peers 67/100 19/100 — LAR

Percentile Scorecard

LAREMATIONR

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

AxisLAREMATIONR
Valuation 71 #48 of 162 14 #139 of 162 –
Growth 75 #38 of 147 31 #102 of 147 –
Profitability 41 #73 of 122 – –
Financial Health 75 #42 of 164 12 #144 of 164 98 #4 of 164
Shareholder Returns 74 #29 of 107 – –
Overall 67 19 –
  • LAR ranked among 176 companies in Metals and Mining
  • EMAT 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

PeriodLAREMATIONRSPY
1 month -17.2%-55.3%-17.5% -0.2%
3 months -18.5%-70.0%-13.6% +3.9%
6 months -52.4%-84.5%-30.5% +8.2%
Year to date -17.9%-87.0%-43.1% +12.9%
1 year +1.1%-88.6%-44.2% +12.3%
3 years -21.2%-86.7%-27.0% +87.4%
3 years, per year -7.6%-49.0%-10.0% +23.3%
5 years -59.2%—— +67.9%
5 years, per year -16.4%—— +10.9%
10 years +312.6%—— +261.1%
10 years, per year +15.2%—— +13.7%

Risk

MeasureLAREMATIONRSPY
Volatility, 1Y 74.7%189.5%79.3% 12.7%
Downside volatility, 1Y 72.6%158.3%76.7% 12.7%
Beta vs S&P 500, 1Y 2.610.451.44 1.00
Return / volatility, 1Y 0.01-0.47-0.56 0.97
Max drawdown, 5Y -89.5%-93.7%-87.8% -25.4%
From 52-week high -61.2%-93.3%-57.3% -1.2%
52-week high $11.79$21.29$6.39 $779.14
52-week low $3.72$1.35$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.

MultipleLAREMATIONR
P/E now vs peer median -13.8xmedian 13.3x -16.6xmedian 13.3x —median 13.3x
P/S now vs peer median 3.3xmedian 3.2x 543.5xmedian 3.2x —median 3.2x
EV/EBITDA now vs peer median 4.2xmedian 7.3x —median 7.3x —median 7.3x
P/FCF now vs peer median -37.3xmedian 14.7x —median 14.7x —median 14.7x
P/B now vs peer median 0.9xmedian 2.2x -47.1xmedian 2.2x 0.7xmedian 2.2x
PEG now vs peer median 0.24median 0.31 -0.48median 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 monthsLAREMATIONR
Revenue $225.80M – –
Gross profit $110.90M – –
Operating income $256.12M -$15.92M –
Net income -$18.74M -$53.55M –
Free cash flow -$19.96M – –
R&D $4.53M – –
EPS (diluted) $-0.33 $-0.09 –
Cash & equivalents $99.72M $5.25M $58.84M
Total debt -$169.70M $6.18M –
Shares (diluted) 162.17M 621.76M 60.35M
Enterprise value $292.76M $1.03B $30.05M

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
MetricLAREMATIONR
P/E -13.8x -16.6x –
P/FCF -37.3x – –
P/Operating cash flow -37.3x – –
P/S 3.3x 543.5x –
P/B 0.9x -47.1x 0.7x
P/Tangible book 0.9x -35.3x 0.7x
EV/EBITDA 4.2x – –
EV/EBIT 4.3x -55.9x –
EV/Revenue 1.8x – –
EV/FCF -20.6x – –
EV/Operating cash flow -20.6x – –
PEG (3Y EPS CAGR) 0.24 -0.48 –

Growth

14 metrics
MetricLAREMATIONR
Revenue growth (1Y) 371.3% – –
Revenue CAGR (3Y) – – –
Gross profit growth (1Y) 32,338% – –
Gross profit CAGR (3Y) – – –
Operating income growth (1Y) 213.4% -258.6% –
Operating income CAGR (3Y) – – –
Net income growth (1Y) 48.1% 10.2% –
Net income CAGR (3Y) -17.8% -208.9% –
EPS growth (1Y) 95.8% 34.3% –
EPS CAGR (3Y) -57.1% 34.5% –
Operating cash flow growth (1Y) 39.6% – –
Operating cash flow CAGR (3Y) 31.4% – –
Free cash flow growth (1Y) 43.8% – –
Free cash flow CAGR (3Y) 31.2% – –

Profitability

14 metrics
MetricLAREMATIONR
Gross margin 49.1% – –
EBITDA margin 43.1% – –
Operating margin 113.4% – –
Pretax margin -12.2% – –
Net margin -23.9% – –
FCF margin -8.8% – –
Operating cash flow margin -8.8% – –
Return on equity 1.6% – –
Return on assets 1.2% -91.1% –
Return on invested capital 0.0% – –
Return on capital employed 6.9% – –
Asset turnover 0.2x – –
Cash conversion (OCF / net income) 1.1x – –
Stock comp / revenue 6.9% – –

Financial Health

11 metrics
MetricLAREMATIONR
Debt / assets -14.7% 6.5% –
Debt / equity -0.2x -0.3x –
Net debt / EBITDA -3.4x – –
Debt / FCF 8.5x – –
Liabilities / assets 27.2% 119.8% 0.9%
Equity / assets 72.8% -19.8% 99.1%
Interest coverage 161.6x – –
Current ratio -2.0x 0.2x 25.8x
Quick ratio -0.7x 0.2x 25.8x
Cash ratio -0.7x 0.1x 25.6x
Altman Z-score 1.76 – –

Shareholder Returns

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

ConsensusLAREMATIONR
Forward P/E 20.8xFY2026 – –
EPS, next fiscal year $0.22FY2026 $-0.43FY2026 $0.00FY2026
EPS growth, the year after +27.3% – –
Revenue, next fiscal year $0.00FY2026 $15.71MFY2026 $717.29KFY2026
Revenue growth, next FY – +124.4%FY2026 +9.8%FY2026
Revenue growth, the year after – +2,427.0% -100.0%

Institutional Ownership

13F filings, quarter ended Jun 30, 2026
HoldersLAREMATIONR
Held by institutions 33.9% – 3.9%
Institutions holding 164 – 34
Change in shares held, QoQ +0.6% – -10.1%
Institutions buying 75 – 20
Institutions selling 48 – 5
Buyers to sellers 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.

LAREMATIONR
LAR 1.00 0.22 0.36
EMAT 0.22 1.00 0.05
IONR 0.36 0.05 1.00

Add a Peer

Largest companies in the same industry

Related Comparisons

Frequently Asked Questions

Which is bigger, LAR, EMAT and IONR?

Evolution Metals & Technologies (EMAT) is the largest by market capitalisation: Lithium Argentina AG (LAR) $733.18M, Evolution Metals & Technologies (EMAT) $1.05B, Ioneer (IONR) $164.44M.

Which stock has performed better?

Over the past year Lithium Argentina AG (LAR) returned the most: Lithium Argentina AG (LAR) +1.1%, Evolution Metals & Technologies (EMAT) -88.6%, Ioneer (IONR) -44.2%. Returns are price only, before dividends.

Which stock is riskier?

By one-year price volatility, Lithium Argentina AG (LAR) has been the steadiest (Lithium Argentina AG (LAR) 74.7%, Evolution Metals & Technologies (EMAT) 189.5%, Ioneer (IONR) 79.3%). Volatility measures how widely the price swings, not the risk of the business.

Which is the better stock, LAR, EMAT 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 3. 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.