LZM Basic Materials

Lifezone Metals Limited

$3.81-1.55%

Price as of close on Nov 3, 2026 · Financials updated Sep 30, 2026

Basics

Sector: Basic Materials
Industry: Other Industrial Metals & Mining
Country: Isle of Man
Market cap: 342.6M USD
Enterprise value: 384.1M USD
Full-time employees: 98

Overall health

Strength: growing faster than most peersgrowing faster than peers
Drawback: less profitable than most peersless profitable than peers
Drawback: its shares are priced higher than most peers relative to what it earnspriced higher than peers for its earnings
Drawback: higher risk than most peers: its share price swings more than most peers’ (beta 1.33 vs a peer median of 0.69), less short-term liquidity (current ratio 0.46 vs a peer median of 1.76) and more debt relative to equity (0.76× vs a peer median of 0.36×)higher risk: bigger price swings (beta 1.33 vs peers 0.69), less liquidity (current ratio 0.46 vs peers 1.76) and more debt vs equity (0.76× vs peers 0.36×)

Ranks #1,114 of 1,217 basic materials companies (bottom 9%)

See how it ranks against its peers

Worth knowing

Stock-based pay is a large cost. Stock pay was 201% of revenue in 2025.
Lifezone Metals paid employees $2M in stock in 2025, 201% of its $1M revenue. It doesn't use cash, so it flatters cash flow, but it is a real cost to shareholders through dilution.
Growing fast, still losing money. Revenue grew faster than 95% of peers, at an operating loss, from a small base ($1.1M of revenue over 12 months).
Revenue grew faster than 95% of peers, but the business runs at an operating loss (margin -1742%).
Financials may be out of date. Latest financial period ended 10 months ago.
The latest financial period we have ended 10 months ago, so the scores may not reflect recent results.
More volatile share price. Beta 1.33: tends to move more than the market.
Lifezone Metals's shares have swung more with the market than most peers' (beta 1.33, above the market's 1.0).

StockQuotient Score

22/ 100

Oct 5 22 → Nov 4 22

Valuation

Is the price right?

1/100

Weak

2/3 inputs reported · Partial data

Since last quarter: No major changeValuation also moves with the share price every day.

Why

Weaker than most peers on:

▼ Earnings yield
▼ EBITDA yield

Compare with peers

Behind the score

Sector-normalized EBITDA, earnings, and free cash flow yields.

Earnings yield-4.2%

SEC filings (IFRS mapped) · 12 months to Dec 2025Negative (a loss or cash outflow), so it counts as zero whatever the share price30% base weight · Z-score -1.00Sector median: 0.0364 · MAD: 0.0364

EBITDA yield-4.9%

Yahoo Finance fallback · SEC enterprise value unavailable (debt or EBITDA not reported in standard form) · trailing 12 monthsNegative (a loss or cash outflow), so it counts as zero whatever the share price50% base weight · Z-score -1.64Sector median: 0.0854 · MAD: 0.0520

Free cash flow yieldUnavailable

Missing · left out of the score · no sector data, so not countedNot counted · remaining weights rescaledSector median: 0.0261 · MAD: 0.0261

Other data (not scored)

Book yield22.7%

SEC filings (IFRS mapped) · latest balance sheetReported valueInformational · 0% composite weightSector median: 0.5947 · MAD: 0.3137

Growth

Is it growing?

81/100

Strong

2/3 inputs reported · Partial data

Since last quarter: ▲ Stronger

12-month revenue up 153.9%

Why

Stronger than most peers on:

▲ Revenue growth

Compare with peers

Behind the score

Revenue and earnings-per-share growth over one year, and revenue growth over three years.

Earnings per share growthUnavailable

Missing · left out of the score · no sector data, so not countedNot counted · remaining weights rescaledSector median: 0.0941 · MAD: 0.3300

3-year revenue growth-28.8%

SEC filings (IFRS mapped) · 3 years to Dec 2025Outlier capped at sector 5th/95th percentile33% base weight · Z-score -2.67Sector median: -0.0005 · MAD: 0.0725

Revenue growth652.2%

SEC filings (IFRS mapped) · 12 months to Dec 2025Outlier capped at sector 5th/95th percentile33% base weight · Z-score 5.97Sector median: 0.0335 · MAD: 0.0952

Profitability

Does it earn well?

0/100

Weak

3/3 inputs reported · High confidence

Since last quarter: No major change

Why

Weaker than most peers on:

▼ Operating margin
▼ ROA
▼ ROIC

Compare with peers

Behind the score

Return on invested capital, operating margin, and return on assets.

Operating margin-1742.2%

SEC filings (IFRS mapped) · 12 months to Dec 2025Outlier capped at sector 5th/95th percentile33% base weight · Z-score -4.60Sector median: 0.0757 · MAD: 0.0617

Return on assets-7.8%

SEC filings (IFRS mapped) · 12 months to Dec 2025Outlier capped at sector 5th/95th percentile33% base weight · Z-score -3.78Sector median: 0.0249 · MAD: 0.0265

Return on invested capital-27.1%

SEC filings (IFRS mapped) · 12 months to Dec 2025Outlier capped at sector 5th/95th percentile33% base weight · Z-score -3.22Sector median: 0.0675 · MAD: 0.0575

Other data (not scored)

Gross margin49.5%

SEC filings (IFRS mapped) · 12 months to Dec 2025Reported valueInformational · 0% composite weightSector median: 0.2138 · MAD: 0.1202

Return on equity-18.5%

SEC filings (IFRS mapped) · 12 months to Dec 2025Reported valueInformational · 0% composite weightSector median: 0.0537 · MAD: 0.0694

Risk

Debt, liquidity, price swings

Higher

Higher relative risk

3/3 inputs reported · High confidence

Since last quarter: No major change

Why

Weaker than most peers on:

▼ Current ratio
▼ Beta
▼ Debt / equity

Compare with peers

Behind the score

Relative to sector peers: 0 = lower relative risk · 1 = moderate · 2 = higher. Based on leverage, beta and liquidity.

Beta1.33

Yahoo Finance · 5-year monthly beta vs the marketReported value33% base weight · Z-score -2.25Sector median: 0.6950 · MAD: 0.2810

Current ratio0.46×

SEC filings (IFRS mapped) · latest balance sheetOutlier capped at sector 5th/95th percentile33% base weight · Z-score -1.73Sector median: 1.7610 · MAD: 0.6770

Debt / equity0.76×

Yahoo Finance fallback · no standard SEC debt tagReported value33% base weight · Z-score -1.38Sector median: 0.3578 · MAD: 0.2929

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 Lifezone Metals

Is Lifezone Metals getting weaker?: Its latest SEC filing (Mar 19, 2026) showed no major changes. Its overall score is unchanged at 22/100 since Oct 28, 2026.
How is Lifezone Metals valued vs its peers?: Priced higher than most peers relative to what it earns. Valuation scores 1/100 against 1,371 basic materials peers. Earnings yield -4.2% vs a peer median of 3.6% (weaker than 100% of peers).Earnings yield -4.2% vs peers 3.6% (weaker than 100% of peers).
Is Lifezone Metals growing?: Yes, faster than most of its peers. Growth scores 81/100 against 1,371 basic materials peers. Revenue growth 652.2% vs a peer median of 3.4% (stronger than 95% of peers).Revenue growth 652.2% vs peers 3.4% (stronger than 95% of peers). 3-year revenue growth -28.8% vs a peer median of -0.0% (weaker than 100% of peers).3-year revenue growth -28.8% vs peers -0.0% (weaker than 100% of peers).
How profitable is Lifezone Metals?: Less profitable than most of its peers. Profitability scores 0/100 against 1,371 basic materials peers. Operating margin -1742.2% vs a peer median of 7.6% (weaker than 100% of peers).Operating margin -1742.2% vs peers 7.6% (weaker than 100% of peers).
How risky is Lifezone Metals?: Higher risk relative to 1,371 basic materials peers, judged on debt, liquidity and share-price swings. Current ratio 0.46× vs a peer median of 1.76× (weaker than 100% of peers).Current ratio 0.46× vs peers 1.76× (weaker than 100% of peers). A relative measure, not a bankruptcy probability.

Latest filing: what changed

Quarter ended Dec 31, 2025 · filed Mar 19, 2026 · compared with the quarter ended Jun 30, 2025

No major changes

Worth watching: Lifezone Metals 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)	416,323 USD	1.1M USD	+153.9%
Net income (12 months)	−32.9M USD	−13.6M USD	−58.6%
Operating margin	-11122.6%	-1742.2%	+9380.4 pts
Cash	12.5M USD	20.1M USD	+61.0%

From the company’s own SEC filings, as filed. Twelve-month figures roll forward one quarter at a time.

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	100.0%	100.0%	49.0%	38.2%	49.5%	▲ 11 pts
Operating margin	-861.6%	-877.5%	-24710.3%	-34353.8%	-1742.2%	▲ >999 pts
Net margin	-860.3%	-805.6%	-24622.3%	-32952.3%	-1289.2%	▲ >999 pts
Return on assets (ROA)	-29.1%	-24.3%	-255.8%	-29.6%	-7.8%	▲ 22 pts
Return on equity (ROE)	-33.4%	-36.4%	-308.7%	-51.7%	-18.5%	▲ 33 pts
Current ratio	—	4.58×	4.30×	0.57×	0.46×	▼ 18%
Quick ratio	—	4.58×	4.29×	0.56×	0.46×	▼ 18%
Interest coverage	-112.09×	-96.44×	-1722.69×	-7.50×	-1.77×	▲ 76%

LZM price history

Price history is added with the daily price update and will appear after the next one.

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Bringing the fundamentals into focus…

Overall health

Strength: growing faster than most peersgrowing faster than peers

Drawback: less profitable than most peersless profitable than peers

Drawback: its shares are priced higher than most peers relative to what it earnspriced higher than peers for its earnings

Drawback: higher risk than most peers: its share price swings more than most peers’ (beta 1.33 vs a peer median of 0.69), less short-term liquidity (current ratio 0.46 vs a peer median of 1.76) and more debt relative to equity (0.76× vs a peer median of 0.36×)higher risk: bigger price swings (beta 1.33 vs peers 0.69), less liquidity (current ratio 0.46 vs peers 1.76) and more debt vs equity (0.76× vs peers 0.36×)

Ranks #1,114 of 1,217 basic materials companies (bottom 9%)

See how it ranks against its peers

Worth knowing

Stock-based pay is a large cost. Stock pay was 201% of revenue in 2025.

Lifezone Metals paid employees $2M in stock in 2025, 201% of its $1M revenue. It doesn't use cash, so it flatters cash flow, but it is a real cost to shareholders through dilution.

Growing fast, still losing money. Revenue grew faster than 95% of peers, at an operating loss, from a small base ($1.1M of revenue over 12 months).

Revenue grew faster than 95% of peers, but the business runs at an operating loss (margin -1742%).

Financials may be out of date. Latest financial period ended 10 months ago.

The latest financial period we have ended 10 months ago, so the scores may not reflect recent results.

More volatile share price. Beta 1.33: tends to move more than the market.

Lifezone Metals's shares have swung more with the market than most peers' (beta 1.33, above the market's 1.0).

Questions investors ask about Lifezone Metals

Is Lifezone Metals getting weaker?

Its latest SEC filing (Mar 19, 2026) showed no major changes. Its overall score is unchanged at 22/100 since Oct 28, 2026.

How is Lifezone Metals valued vs its peers?

Priced higher than most peers relative to what it earns. Valuation scores 1/100 against 1,371 basic materials peers. Earnings yield -4.2% vs a peer median of 3.6% (weaker than 100% of peers).Earnings yield -4.2% vs peers 3.6% (weaker than 100% of peers).

Is Lifezone Metals growing?

Yes, faster than most of its peers. Growth scores 81/100 against 1,371 basic materials peers. Revenue growth 652.2% vs a peer median of 3.4% (stronger than 95% of peers).Revenue growth 652.2% vs peers 3.4% (stronger than 95% of peers). 3-year revenue growth -28.8% vs a peer median of -0.0% (weaker than 100% of peers).3-year revenue growth -28.8% vs peers -0.0% (weaker than 100% of peers).

How profitable is Lifezone Metals?

Less profitable than most of its peers. Profitability scores 0/100 against 1,371 basic materials peers. Operating margin -1742.2% vs a peer median of 7.6% (weaker than 100% of peers).Operating margin -1742.2% vs peers 7.6% (weaker than 100% of peers).

How risky is Lifezone Metals?

Higher risk relative to 1,371 basic materials peers, judged on debt, liquidity and share-price swings. Current ratio 0.46× vs a peer median of 1.76× (weaker than 100% of peers).Current ratio 0.46× vs peers 1.76× (weaker than 100% of peers). A relative measure, not a bankruptcy probability.

Previous quarter

Latest quarter

Change

Revenue (12 months)

416,323 USD

1.1M USD

+153.9%

Net income (12 months)

−32.9M USD

−13.6M USD

−58.6%

Operating margin

-11122.6%

-1742.2%

+9380.4 pts

Cash

12.5M USD

20.1M USD

+61.0%

Key ratios

FY 2021

FY 2022

FY 2023

FY 2024

FY 2025

Change

Gross margin

100.0%

49.0%

38.2%

49.5%

▲ 11 pts

Operating margin

-861.6%

-877.5%

-24710.3%

-34353.8%

-1742.2%

▲ >999 pts

Net margin

-860.3%

-805.6%

-24622.3%

-32952.3%

-1289.2%

▲ >999 pts

Return on assets (ROA)

-29.1%

-24.3%

-255.8%

-29.6%

-7.8%

▲ 22 pts

Return on equity (ROE)

-33.4%

-36.4%

-308.7%

-51.7%

-18.5%

▲ 33 pts

Current ratio

—

4.58×

4.30×

0.57×

0.46×

▼ 18%

Quick ratio

—

4.58×

4.29×

0.56×

0.46×

▼ 18%

Interest coverage

-112.09×

-96.44×

-1722.69×

-7.50×

-1.77×

▲ 76%