Lithium Americas (LAC) Capital Expenditures (2023 - 2025)
Lithium Americas' Capital Expenditures came in at $239.38 million for Q4 2025, up 262.9% from $65.97 million a year earlier and up 39.0% from the prior quarter.
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Analysis
Lithium Americas (LAC) Capital Expenditures (2023 - 2025) Analysis & Trends
For FY2025, Lithium Americas' Capital Expenditures was $765.04 million, up 330.5% from FY2024.
- Capital Expenditures carries a four-year compound annual growth rate of 516.7% (FY2021 to FY2025).
- Going back by year, Capital Expenditures was $177.69 million in FY2024 (-6.0%), $188.94 million in FY2023, $1.51 million in FY2022 (+184.5%) and $529,000 in FY2021.
- The Q4 2025 figure represents the highest quarterly Capital Expenditures in data going back to Q4 2023.
- Year-over-year, Capital Expenditures has increased for four consecutive quarters, with growth averaging 293.2% over the last five quarters.
- Business Quant data shows LAC's Capital Expenditures at $172.17 million (Q3 2025), $235.57 million (Q2 2025) and $117.93 million (Q1 2025) in the three quarters before Q4 2025.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Capex (Qtr) |
|---|---|---|---|---|---|
| 1 | Rio Tinto | 167.04 Bn | 136.08 Bn | - | - |
| 2 | Southern Copper | 162.19 Bn | 141.06 Bn | 2.90 Bn | 422.80 Mn |
| 3 | Rio Tinto | 139.16 Bn | 99.67 Bn | - | - |
| 4 | Newmont | 117.07 Bn | 82.38 Bn | 4.22 Bn | 856.00 Mn |
| 5 | Freeport-Mcmoran | 94.69 Bn | 94.69 Bn | - | - |
| 6 | Agnico Eagle Mines | 90.36 Bn | 79.99 Bn | 2.43 Bn | -809.26 Mn |
| 7 | Barrick Mining | 65.76 Bn | 50.50 Bn | 2.90 Bn | 1.19 Bn |
| 8 | Nucor | 61.44 Bn | 62.72 Bn | - | 629.00 Mn |
| 9 | ArcelorMittal | 46.50 Bn | 27.52 Bn | - | -1.10 Bn |
| 10 | Lithium Americas | 781.58 Mn | -971.15 Mn | - | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Dec 31, 2025 | 239.38 Mn |
| Sep 30, 2025 | 172.17 Mn |
| Jun 30, 2025 | 235.57 Mn |
| Mar 31, 2025 | 117.93 Mn |
| Dec 31, 2024 | 65.97 Mn |
| Sep 30, 2024 | 34.69 Mn |
| Jun 30, 2024 | 30.95 Mn |
| Mar 31, 2024 | 46.08 Mn |
| Dec 31, 2023 | 73.55 Mn |
API Access
Lithium Americas Capital Expenditures API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=capital-expenditures&ticker=LAC&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "capital-expenditures", "ticker": "LAC", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=capital-expenditures&ticker=LAC&period=max&api_key=YOUR_API_KEY");
const data = await res.json();