Price as of close on Nov 3, 2026 · Financials updated Sep 30, 2026
Basics
Sector
Basic Materials
Industry
Other Industrial Metals & Mining
Country
United States
Market cap
431.0M USD
Enterprise value
384.6M USD
Full-time employees
100
Overall health
Strength:growing faster than most peersgrowing faster than peers
Strength:lower risk than most peers: a steadier share price, more short-term liquidity and less debt relative to equitylower risk: a steadier share price, more liquidity and less debt vs equity
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
Ranks #676 of 1,217 basic materials companies (bottom 45%)
Shareholders being diluted. Shares outstanding up 41% from December 2022 to August 2026.
United States Antimony had 41% more shares at August 2026 than at December 2022, mostly from issuing stock (for pay, acquisitions or fundraising). Each existing share now owns a smaller slice of the business.United States Antimony had 41% more shares at August 2026 than at December 2022, mostly from issuing stock. Each existing share now owns a smaller slice of the business.
Stock-based pay is a large cost. Stock pay was 18% of revenue in 2025.
United States Antimony paid employees $7M in stock in 2025, 18% of its $39M revenue. It doesn't use cash, so it flatters cash flow, but it is a real cost to shareholders through dilution.
Investment surge. Capital spending 71% of revenue, up from 16% in 2022.
United States Antimony is spending 71% of revenue on facilities and equipment, up from 16% 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 92% of peers, at an operating loss, from a small base ($36M of revenue over 12 months).
Revenue grew faster than 92% of peers, but the business runs at an operating loss (margin -64%).
Sector-normalized EBITDA, earnings, and free cash flow yields.
Earnings yield-3.8%
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 -1.00Sector median: 0.0364 · MAD: 0.0364
EBITDA yield-5.6%
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 -1.64Sector median: 0.0854 · MAD: 0.0520
Free cash flow yield-16.5%
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 -1.00Sector median: 0.0261 · MAD: 0.0261
Why it changed since the Oct 27, 2026 close: Score 87 → 86
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 United States Antimony
Is United States Antimony getting weaker?
Its latest SEC filing (Aug 11, 2026) got weaker in some ways: operating margin fell 22.2 points to -64.0%; 12-month revenue fell 6.7%. Its overall score is unchanged at 48/100 since Oct 28, 2026.
How is United States Antimony valued vs its peers?
Priced higher than most peers relative to what it earns. Valuation scores 8/100 against 1,371 basic materials peers.Earnings yield -3.8% vs a peer median of 3.6% (weaker than 100% of peers).Earnings yield -3.8% vs peers 3.6% (weaker than 100% of peers).
Is United States Antimony growing?
Yes, faster than most of its peers. Growth scores 86/100 against 1,371 basic materials peers.3-year revenue growth 63.4% vs a peer median of -0.0% (stronger than 95% of peers).3-year revenue growth 63.4% vs peers -0.0% (stronger than 95% of peers).
How profitable is United States Antimony?
Less profitable than most of its peers. Profitability scores 0/100 against 1,371 basic materials peers.Operating margin -64.0% vs a peer median of 7.6% (weaker than 100% of peers).Operating margin -64.0% vs peers 7.6% (weaker than 100% of peers).
How risky is United States Antimony?
Lower risk relative to 1,371 basic materials peers, judged on debt, liquidity and share-price swings.Current ratio 11.54× vs a peer median of 1.76× (stronger than 95% of peers).Current ratio 11.54× vs peers 1.76× (stronger than 95% of peers). A relative measure, not a bankruptcy probability.
Latest filing: what changed
Quarter ended Jun 30, 2026 · filed Aug 11, 2026 · compared with the quarter ended Mar 31, 2026
Got weaker
Operating margin fell 22.2 points to -64.0%
12-month revenue fell 6.7%
Worth watching: United States Antimony 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)
39.0M USD
36.4M USD
−6.7%
Net income (12 months)
−16.2M USD
−16.3M USD
+0.4%
Operating margin
-41.8%
-64.0%
−22.2 pts
Free cash flow (12 months)
−59.5M USD
−71.3M USD
+19.7%
Debt
161,635 USD
334,775 USD
+107.1%
Cash
3.4M USD
42.3M USD
+1148.6%
Shares outstanding
148.2M
149.7M
+1.0%
From the company’s own SEC filings, as filed. Twelve-month figures roll forward one quarter at a time.
Industry valuation context
Sector: Basic Materials · 121 companies
Valuations in Basic Materials are near the top of their range since 2016.
84% of months since 2016 were valued lower than now.
43% of companies are in the most expensive fifth of their own price-to-sales history.
Over 24 months, company values +23% and earnings +13% (medians): prices and earnings moved broadly together.
Median price-to-sales is −9% vs the whole market, against a usual −27%.
2016Shaded: most expensive fifth of its range2026
Shown for Basic Materials: too few Other Industrial Metals & Mining 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
10.8%
18.1%
-38.5%
23.2%
25.2%
▲ 1.9 pts
Operating margin
-8.5%
3.2%
-81.3%
-16.0%
-21.5%
▼ 5.5 pts
Net margin
-0.8%
3.9%
-73.0%
-11.6%
-11.1%
▲ 0.5 pts
Return on assets (ROA)
-0.2%
1.2%
-22.6%
-5.0%
-2.8%
▲ 2.2 pts
Return on equity (ROE)
-0.2%
1.3%
-24.9%
-6.1%
-3.1%
▲ 3.0 pts
Free cash flow margin
-39.7%
-17.9%
-72.2%
12.0%
-95.5%
▼ 108 pts
Current ratio
11.38×
9.74×
15.68×
5.16×
5.38×
▲ 4.2%
Quick ratio
10.87×
9.12×
14.14×
4.85×
4.15×
▼ 14%
Debt to equity
0.01×
0.01×
0.00×
0.01×
0.00×
▼ 88%
Interest coverage
-119.20×
23.00×
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UAMY price history
Price history is added with the daily price update and will appear after the next one.