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| Date | Value |
|---|---|
| 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 |