Lithium Americas (LAC) Invested Capital (2021 - 2025)

Lithium Americas' (LAC) quarterly Invested Capital came in at $1.6 billion in Q4 2025, up 149.86% year-on-year from $635.0 million in Q4 2024, and up 233.59% quarter-over-quarter from $475.6 million in Q3 2025.

Lithium Americas (LAC) Invested Capital (2021 - 2025) Analysis & Trends

Lithium Americas has disclosed Invested Capital across 5 years of filings, most recently posting $1.6 billion for Q4 2025.

  • Invested Capital for Q4 2025 came in at $1.6 billion, up 149.86% year-over-year; the trailing twelve-month figure through Dec 2025 was $1.6 billion (up 149.86% YoY), and the FY2025 annual result was $1.6 billion, up 149.86% from the prior year.
  • Invested Capital came in at $1.6 billion for Q4 2025 at Lithium Americas, up from $475.6 million in the prior quarter.
  • In the past five years, Invested Capital ranged from a high of $1.6 billion in Q4 2025 to a low of -$55.1 million in Q4 2022.
  • The 5-year median for Invested Capital is $635.0 million (2024), against an average of $601.6 million.
  • Across the five-year window, Invested Capital tumbled 33.08% in 2022 and soared 799.6% in 2023, its largest moves.
  • Lithium Americas' Invested Capital stood at -$41.4 million in 2021, then tumbled by 33.08% to -$55.1 million in 2022, then surged by 799.6% to $385.3 million in 2023, then jumped by 64.82% to $635.0 million in 2024, then surged by 149.86% to $1.6 billion in 2025.
  • The last three Invested Capital figures came in at $1.6 billion (Q4 2025), $475.6 million (Q3 2025), and $1.0 billion (Q2 2025), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Invested Cap. (Qtr)
1 Elevra Lithium 556.97 Bn 556.92 Bn - 318.79 Mn
2 Bhp 421.29 Bn 411.77 Bn - 24.59 Bn
3 Skeena Resources 17.36 Bn 17.34 Bn - 131.49 Mn
4 Ioneer 10.78 Bn 10.76 Bn - 1.23 Bn
5 MP Materials 10.54 Bn 7.94 Bn 16.40 Mn 2.97 Bn
6 Iperionx 8.57 Bn 8.52 Bn - 111.55 Mn
7 Materion 4.58 Bn 4.57 Bn 81.84 Mn 1.45 Bn
8 Sigma Lithium 4.36 Bn 4.36 Bn 25.57 Mn 120.59 Mn
9 Americas Gold & Silver 4.00 Bn 3.87 Bn 16.76 Mn -
10 Lithium Americas 1.10 Bn 726.06 Mn - 1.59 Bn

Historic Data

Download Data
DateValue
Dec 31, 2025 1.59 Bn
Sep 30, 2025 475.63 Mn
Jun 30, 2025 1.04 Bn
Mar 31, 2025 935.01 Mn
Dec 31, 2024 635.00 Mn
Sep 30, 2024 635.14 Mn
Jun 30, 2024 641.51 Mn
Mar 31, 2024 383.70 Mn
Dec 31, 2023 385.28 Mn
Dec 31, 2022 -55.07 Mn
Dec 31, 2021 -41.38 Mn