SLI vs BLTH vs LAR Stock Comparison

Standard Lithium, American Battery Materials and Lithium Argentina AG Prices as of Oct 29, 2026 Peers: Industry group
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SLI Standard Lithium Ltd.
$1.46 -18.4% 1M -61.6% 1Y
Market cap
$293.05M
P/E
–
Revenue (TTM)
$6.02M
Div. yield
–
Lithium Basic Materials
2 wins
LAR Lithium Argentina AG
$4.45 -19.2% 1M +4.0% 1Y
Market cap
$639.05M
P/E
–
Revenue (TTM)
$225.80M
Div. yield
–
Lithium Basic Materials
5 wins

Head to Head

7 decided of 12

Lithium Argentina AG leads on 5 of the 12 questions below (Lithium Argentina AG 5, Standard Lithium 2). Which ones matter depends on what you are buying for; a cheap multiple and slow growth often come together.

QuestionSLIBLTHLARLeader
Larger companyMarket capitalisation $293.05M $7.72M $639.05M LAR
Cheaper on earningsLower P/E, profitable companies only -6.1x -0.8x -11.9x –
Cheaper on forward earningsLower price / next fiscal year consensus EPS — — 20.2x –
Faster revenue growthRevenue growth, trailing twelve months +575.1% — +371.3% SLI
More profitableNet margin, trailing twelve months -791.4% — -23.9% LAR
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 -61.6% -54.2% +4.0% LAR
Better 5-year returnAnnualised price return, 5 years -33.7%/yr -45.7%/yr -17.6%/yr LAR
Less volatileAnnualised volatility, 1 year 67.5% 287.3% 74.4% SLI
Higher overall scoreMean of the five percentile scores vs peers 60/100 29/100 67/100 LAR

Percentile Scorecard

SLIBLTHLAR

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

AxisSLIBLTHLAR
Valuation 35 #106 of 163 21 #129 of 163 72 #47 of 163
Growth 67 #49 of 148 45 #82 of 148 75 #38 of 148
Profitability 19 #100 of 123 – 40 #74 of 123
Financial Health 80 #33 of 164 2 #161 of 164 75 #42 of 164
Shareholder Returns 96 #5 of 108 47 #58 of 108 73 #30 of 108
Overall 60 29 67
  • SLI ranked among 176 companies in Metals and Mining
  • BLTH ranked among 176 companies in Metals and Mining
  • LAR 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

PeriodSLIBLTHLARSPY
1 month -18.4%-43.7%-19.2% +0.7%
3 months -28.4%-59.6%-25.2% +3.7%
6 months -62.2%-65.1%-56.2% +7.1%
Year to date -67.3%-65.8%-20.3% +12.8%
1 year -61.6%-54.2%+4.0% +11.9%
3 years -45.9%-86.3%-20.1% +85.2%
3 years, per year -18.5%-48.5%-7.2% +22.8%
5 years -87.2%-95.3%-61.9% +67.6%
5 years, per year -33.7%-45.7%-17.6% +10.9%
10 years —-97.0%+308.3% +262.0%
10 years, per year —-29.5%+15.1% +13.7%

Risk

MeasureSLIBLTHLARSPY
Volatility, 1Y 67.5%287.3%74.4% 12.7%
Downside volatility, 1Y 72.8%395.5%71.6% 12.6%
Beta vs S&P 500, 1Y 2.191.502.63 1.00
Return / volatility, 1Y -0.91-0.190.05 0.94
Max drawdown, 5Y -91.5%-99.6%-89.5% -25.4%
From 52-week high -74.2%-70.7%-62.3% -1.2%
52-week high $5.65$7.00$11.79 $779.14
52-week low $1.38$2.00$3.72 $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.

MultipleSLIBLTHLAR
P/E now vs peer median -6.3xmedian 13.2x -0.8xmedian 13.2x -13.4xmedian 13.2x
P/S now vs peer median 58.1xmedian 3.1x —median 3.1x 3.2xmedian 3.1x
EV/EBITDA now vs peer median —median 7.2x —median 7.2x 4.0xmedian 7.2x
P/FCF now vs peer median -23.9xmedian 15.2x -16.7xmedian 15.2x -36.2xmedian 15.2x
P/B now vs peer median 0.9xmedian 2.2x -0.6xmedian 2.2x 0.9xmedian 2.2x
PEG now vs peer median —median 0.30 0.01median 0.30 0.23median 0.30

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 monthsSLIBLTHLAR
Revenue $6.02M – $225.80M
Gross profit – – $110.90M
Operating income -$22.81M -$1.75M $256.12M
Net income -$47.66M -$9.08M -$18.74M
Free cash flow -$14.63M -$465.26K -$19.96M
R&D – – $4.53M
EPS (diluted) $-0.23 $-2.41 $-0.33
Cash & equivalents $137.30M $5.70K $99.72M
Total debt – $30.23M -$169.70M
Shares (diluted) 206.37M 3.76M 162.17M
Enterprise value -$376.95M $7.67M $198.64M

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
MetricSLIBLTHLAR
P/E -6.3x -0.8x -13.4x
P/FCF -23.9x -16.7x -36.2x
P/Operating cash flow -24.0x -16.7x -36.2x
P/S 58.1x – 3.2x
P/B 0.9x -0.6x 0.9x
P/Tangible book 1.0x -0.6x 0.9x
EV/EBITDA – – 4.0x
EV/EBIT -7.1x -9.4x 4.0x
EV/Revenue 26.7x – 1.7x
EV/FCF -11.0x -35.3x -19.6x
EV/Operating cash flow -11.0x -35.3x -19.6x
PEG (3Y EPS CAGR) – 0.01 0.23

Growth

14 metrics
MetricSLIBLTHLAR
Revenue growth (1Y) 575.1% – 371.3%
Revenue CAGR (3Y) – – –
Gross profit growth (1Y) – – 32,338%
Gross profit CAGR (3Y) – – –
Operating income growth (1Y) -363.9% 15.9% 213.4%
Operating income CAGR (3Y) – 7.2% –
Net income growth (1Y) 69.6% -67.9% 48.1%
Net income CAGR (3Y) – -56.6% -17.8%
EPS growth (1Y) 72.6% -20.2% 95.8%
EPS CAGR (3Y) – -124.5% -57.1%
Operating cash flow growth (1Y) 12.4% 44.2% 39.6%
Operating cash flow CAGR (3Y) – 37.3% 31.4%
Free cash flow growth (1Y) 32.6% 44.2% 43.8%
Free cash flow CAGR (3Y) – 37.3% 31.2%

Profitability

14 metrics
MetricSLIBLTHLAR
Gross margin – – 49.1%
EBITDA margin – – 43.1%
Operating margin -378.8% – 113.4%
Pretax margin -867.8% – -12.2%
Net margin -791.4% – -23.9%
FCF margin -242.9% – -8.8%
Operating cash flow margin -242.6% – -8.8%
Return on equity -13.0% – 1.6%
Return on assets -12.1% -2,719% 1.2%
Return on invested capital – – 0.0%
Return on capital employed -5.9% – 6.9%
Asset turnover 0.0x – 0.2x
Cash conversion (OCF / net income) 0.3x 0.1x 1.1x
Stock comp / revenue 104.0% – 6.9%

Financial Health

11 metrics
MetricSLIBLTHLAR
Debt / assets – 2,773% -14.7%
Debt / equity – -0.7x -0.2x
Net debt / EBITDA – – -3.4x
Debt / FCF – -18.6x 8.5x
Liabilities / assets 7.1% 4,076% 27.2%
Equity / assets 92.9% -3,976% 72.8%
Interest coverage -950.4x -2.0x 161.6x
Current ratio 17.9x 0.0x -2.0x
Quick ratio 23.6x 0.0x -0.7x
Cash ratio 23.3x 0.0x -0.7x
Altman Z-score 7.37 – 1.72

Shareholder Returns

7 metrics
MetricSLIBLTHLAR
Dividend yield – – –
Net buyback yield 3.9% -1.1% -0.2%
Shareholder yield 3.9% -1.1% -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.

ConsensusSLIBLTHLAR
Forward P/E – – 20.2xFY2026
EPS, next fiscal year – – $0.22FY2026
EPS growth, the year after – – +27.3%
Revenue, next fiscal year – – $0.00FY2026

Institutional Ownership

13F filings, quarter ended Jun 30, 2026
HoldersSLIBLTHLAR
Held by institutions 31.0% – 33.9%
Institutions holding 138 – 165
Change in shares held, QoQ +2.1% – +0.6%
Institutions buying 60 – 75
Institutions selling 33 – 48
Buyers to sellers 1.82 – 1.56

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.

SLIBLTHLAR
SLI 1.00 0.14 0.67
BLTH 0.14 1.00 0.03
LAR 0.67 0.03 1.00

Add a Peer

Largest companies in the same industry

Related Comparisons

Frequently Asked Questions

Which is bigger, SLI, BLTH and LAR?

Lithium Argentina AG (LAR) is the largest by market capitalisation: Standard Lithium (SLI) $293.05M, American Battery Materials (BLTH) $7.72M, Lithium Argentina AG (LAR) $639.05M.

Which company is growing faster?

Standard Lithium (SLI) grew revenue fastest over the trailing twelve months: Standard Lithium (SLI) +575.1%, Lithium Argentina AG (LAR) +371.3%.

Which company is more profitable?

Lithium Argentina AG (LAR) has the highest net margin (Standard Lithium (SLI) -791.4%, Lithium Argentina AG (LAR) -23.9%).

Which stock has performed better?

Over the past year Lithium Argentina AG (LAR) returned the most: Standard Lithium (SLI) -61.6%, American Battery Materials (BLTH) -54.2%, Lithium Argentina AG (LAR) +4.0%. Over five years, Lithium Argentina AG (LAR) compounded fastest (Standard Lithium (SLI) -33.7%/yr, American Battery Materials (BLTH) -45.7%/yr, Lithium Argentina AG (LAR) -17.6%/yr). Returns are price only, before dividends.

Which stock is riskier?

By one-year price volatility, Standard Lithium (SLI) has been the steadiest (Standard Lithium (SLI) 67.5%, American Battery Materials (BLTH) 287.3%, Lithium Argentina AG (LAR) 74.4%). Volatility measures how widely the price swings, not the risk of the business.

Which is the better stock, SLI, BLTH and LAR?

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 5. 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.