Investment surge. Capital spending 46% of revenue, up from 23% in 2022.
enCore Energy is spending 46% of revenue on facilities and equipment, up from 23% in 2022. That weighs on free cash flow today; whether it pays off depends on the returns those investments earn.
Growing fast, still losing money. Revenue grew faster than 88% of peers, at an operating loss.
Revenue grew faster than 88% of peers, but the business runs at an operating loss (margin -91%).
More volatile share price. Beta 1.39: tends to move more than the market.
enCore Energy's shares have swung more with the market than most peers' (beta 1.39, above the market's 1.0).
Sector-normalized EBITDA, earnings, and free cash flow yields.
Earnings yield-46.5%
SEC filings · 12 months to Jun 2026Negative (a loss or cash outflow), so it counts as zero whatever the share price30% base weight · Z-score -1.49Sector median: 0.0522 · MAD: 0.0351
EBITDA yield-20.2%
SEC filings · 12 months to Jun 2026Negative (a loss or cash outflow), so it counts as zero whatever the share price50% base weight · Z-score -2.33Sector median: 0.1209 · MAD: 0.0518
Free cash flow yield-52.1%
SEC filings · 12 months to Jun 2026 · operating cash flow − capital spendingNegative (a loss or cash outflow), so it counts as zero whatever the share price20% base weight · Z-score -1.26Sector median: 0.0618 · MAD: 0.0491
Revenue and earnings-per-share growth over one year, and revenue growth over three years.
Earnings per share growthUnavailable
Still loss-making, but the loss per share narrowed33% base weight · Z-score 0.29Sector median: 0.0107 · MAD: 0.3431
3-year revenue growth116.6%
Yahoo Finance fallback · SEC figure unavailable or out of date · 3 fiscal years to Dec 2025Outlier capped at sector 5th/95th percentile33% base weight · Z-score 3.62Sector median: -0.0135 · MAD: 0.0807
Revenue growth24.1%
SEC filings · 12 months to Jun 2026Reported value33% base weight · Z-score 2.14Sector median: 0.0050 · MAD: 0.1101
Why it changed since the Oct 27, 2026 close: Score 0 → 1
Peer companies moved+1
Each step re-scores the company against its peers as they were on Oct 28, 2026; the parts add up to the change. Price effects on EBITDA yield are approximate.
Valuation, growth and profitability scores: higher is better. Risk: 0 is lower, 2 is higher. Risk is a relative proxy, not a bankruptcy probability. Scores depend on available sector peers.
Questions investors ask about enCore Energy
Is enCore Energy getting weaker?
Its latest SEC filing (Aug 13, 2026) showed no major changes. Its overall score is unchanged at 45/100 since Oct 28, 2026.
How is enCore Energy valued vs its peers?
Priced higher than most peers relative to what it earns. Valuation scores 2/100 against 404 energy peers.Earnings yield -46.5% vs a peer median of 5.2% (weaker than 100% of peers).Earnings yield -46.5% vs peers 5.2% (weaker than 100% of peers).
Is enCore Energy growing?
Yes, faster than most of its peers. Growth scores 87/100 against 404 energy peers.3-year revenue growth 116.6% vs a peer median of -1.3% (stronger than 95% of peers).3-year revenue growth 116.6% vs peers -1.3% (stronger than 95% of peers).
How profitable is enCore Energy?
Less profitable than most of its peers. Profitability scores 1/100 against 404 energy peers.Operating margin -91.2% vs a peer median of 11.7% (weaker than 100% of peers).Operating margin -91.2% vs peers 11.7% (weaker than 100% of peers).
How risky is enCore Energy?
Lower risk relative to 404 energy peers, judged on debt, liquidity and share-price swings.Current ratio 8.00× vs a peer median of 1.37× (stronger than 95% of peers).Current ratio 8.00× vs peers 1.37× (stronger than 95% of peers).Beta 1.39 vs a peer median of 0.57 (weaker than 100% of peers).Beta 1.39 vs peers 0.57 (weaker than 100% of peers). A relative measure, not a bankruptcy probability.
Latest filing: what changed
Quarter ended Jun 30, 2026 · filed Aug 13, 2026 · compared with the quarter ended Mar 31, 2026
No major changes
Worth watching: enCore Energy is in the bottom fifth of its sector on profitability. From 2021 to 2025, 63% of companies in that position posted a loss over the following year, against 4% for the top fifth.
Previous quarter
Latest quarter
Change
Revenue (12 months)
43.2M USD
55.2M USD
+27.8%
Net income (12 months)
−27.2M USD
−62.3M USD
+129.1%
Operating margin
-93.0%
-91.2%
+1.8 pts
Debt
110.2M USD
110.5M USD
+0.2%
Cash
41.6M USD
21.8M USD
−47.5%
Shares outstanding
194.2M
194.3M
+0.0%
From the company’s own SEC filings, as filed. Twelve-month figures roll forward one quarter at a time.
Industry valuation context
Sector: Energy · 117 companies
Valuations in Energy are above their usual range since 2016.
71% of months since 2016 were valued lower than now.
41% of companies are in the most expensive fifth of their own price-to-sales history.
Over 24 months, company values +37% and earnings +10% (medians): prices rose faster than earnings.
Median price-to-sales is −30% vs the whole market, against a usual −35%.
2016Shaded: most expensive fifth of its range2026
Shown for Energy: too few Uranium companies have a long enough history of their own.
This is a cyclical group: after a downturn, trailing earnings and sales fall faster than prices, which can make valuations look high near a cycle's low.
Describes valuations since 2016; it does not predict prices. US companies worth $1B+, from SEC filings and month-end prices, as of Aug 2026. Today's companies and industry labels are used throughout. Measured on earnings, EBITDA, sales and free cash flow yields. How this works
Financials
Fiscal years from SEC annual filings · change vs the prior year
Key ratios
FY 2021
FY 2022
FY 2023
FY 2024
FY 2025
Change
Gross margin
—
37.4%
11.6%
-12.4%
22.5%
▲ 35 pts
Operating margin
—
-610.4%
-183.9%
-123.7%
-152.4%
▼ 29 pts
Net margin
—
-545.5%
-115.6%
-105.2%
-131.7%
▼ 27 pts
Return on assets (ROA)
5.4%
-10.4%
-7.8%
-15.6%
-13.2%
▲ 2.4 pts
Return on equity (ROE)
6.2%
-11.8%
-9.8%
-21.5%
-24.8%
▼ 3.3 pts
Free cash flow margin
—
-501.5%
-138.7%
-96.9%
-104.2%
▼ 7.3 pts
Current ratio
1.95×
2.93×
4.03×
2.91×
8.03×
▲ 176%
Quick ratio
—
—
4.03×
2.21×
7.64×
▲ 246%
Debt to equity
—
—
—
0.07×
0.48×
▲ 582%
Interest coverage
—
-10137.32×
-11.53×
-41.60×
-19.39×
▲ 53%
EU price history
Price history is added with the daily price update and will appear after the next one.