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Lithium Americas (LAC) USD

Lithium Americas Corp. develops and operates lithium deposits and chemical processing facilities in the United States and Canada, with its primary project being the Thacker Pass lithium mine in Nevada.

Sector: Lithium

Geography: USA (Thacker Pass, Nevada), Argentina (Cauchari-Olaroz)

COMM_LAC

Price chart

3.19 USDDay 6.33%

Key metrics

Net debt (table and EV/EBITDA): |short-term borrowings| + |long-term borrowings| + |other financial liabilities| when extracted + |non-controlling interest| when extracted − |cash and equivalents|; amounts in millions of the reporting currency.

Market

Price
3.19 USD · 6.33%
Market cap
1.0 bn USD

Growth

Δ revenue y/y
Δ EBITDA y/y
-206.0%

Multiples

P/E (LTM)
P/B (FY)
1.6x
P/E (ann.)
113.9x
EV/EBITDA (LTM)
EV/EBITDA (ann.)
<0

Cash return

Dividend yield
FCF yield (LTM)
-119.7%

Value creation

fundamental value/yr, % of market cap
Value created / year

Liquidity

Daily turnover (listing)
82.5 mln USD

Shares: yahoo_fundamentals_timeseries/LAC

Financial results

Monetary columns are in M USD, one decimal; scale (K/M/B/T) keeps values readable. For the period (default) shows P&L and cash flow for that row’s reporting window: quarterly amounts when the feed uses quarter-duration facts (typical US 10-Q revenue and income), quarterly cash flows after stripping YTD where only cumulative tags exist, and an implied Q4 on 31 Dec FY rows (P&L: FY minus Q1–Q3; operating / investing cash flow: FY 12m minus 9M YTD to 30 Sep when sourced from SEC builder evidence) so they match 10-Q scale. Some issuers still use cumulative YTD minus the prior row in the same calendar year. As reported shows values stored on each row (e.g. full-year on FY). Balance sheet is always as reported. Source JSON may use millions etc.; conversion uses amounts_unit per row.

DatePeriodStatusRevenueM USDOperating profitM USDD&AM USDEBITDAM USDNet profitM USDOperating CFM USDCapex + M&AM USDAssetsM USDEquityM USDROE (annualized)Net debtM USDSource
2026-06-30Q2 2026 (3M)OK
y/y
-15.1
y/y
0.2
y/y -12.3%
-14.9
y/y
2.2
y/y
-5.6-332.23535.9
y/y 164.1%
1417.1
y/y 129.9%
0.6%316.4Yahoo Finance
2026-03-31Q1 2026 (3M)OK0.0
y/y
-11.1
y/y
0.3
y/y 23.4%
-10.8
y/y
-0.4
y/y
-18.3-299.33112.7
y/y 205.6%
1343.9
y/y 114.9%
-0.1%99.6Yahoo Finance
2025-12-31Q4 2025 (3M)OK0.0
y/y
-28.8
y/y
0.2
y/y
-28.5
y/y
98.7
y/y
-14.2-239.42579.0
y/y
1058.8
y/y
51.5%-51.7Yahoo Finance
2025-09-30Q3 2025 (3M)OK0.0
y/y
-9.7
y/y
0.3
y/y 243.6%
-9.4
y/y
-197.7
y/y
2.3-172.21451.5
y/y 109.5%
475.6
y/y -27.8%
-48.3%20.0Yahoo Finance
2025-06-30Q2 2025 (3M)OK0.0
y/y
-7.8
y/y
0.3
y/y 240.5%
-7.6
y/y
-12.4
y/y
-30.5-235.61339.1
y/y 93.5%
616.3
y/y -7.3%
-8.0%-302.2Yahoo Finance
2025-03-31Q1 2025 (3M)OK0.0
y/y -100.0%
-6.5
y/y
0.3
y/y 3212.5%
-6.3
y/y
-10.7
y/y
-18.8-117.91018.5
y/y 133.6%
625.5
y/y 54.0%
-6.8%-440.9Yahoo Finance
2024-12-31Q4 2024 (3M)OK-0.1
y/y
-9.9
y/y 29.2%
0.3
y/y 33.8%
-9.7
y/y 30.1%
-21.2
y/y -61.0%
-8.3-66.01044.9
y/y 137.8%
635.0
y/y 55.8%
-6.3%-593.9Yahoo Finance
2024-09-30Q3 2024 (3M)OK0.0
y/y
0.0
y/y -100.0%
0.1
y/y
0.1
y/y -97.4%
-8.1
y/y
0.7-35.0693.0
y/y 90.6%
658.7
y/y 124.3%
-1.6%-336.9Yahoo Finance
2024-06-30Q2 2024 (3M)OK0.0
y/y
-6.1
y/y
0.1
y/y -88.0%
-6.1
y/y
-6.3
y/y -124.3%
-2.5-30.8692.1
y/y -53.9%
664.6
y/y -46.7%
-4.7%-371.2Yahoo Finance
2024-03-31Q1 2024 (3M)OK0.1
y/y
0.0
y/y
0.0
y/y -98.6%
0.0
y/y
-6.3
y/y
-1.5-46.3436.1
y/y -67.2%
406.1
y/y -61.5%
-6.2%-143.5Yahoo Finance
2023-12-31FY 2023 (12M)OK
y/y
-14.0
y/y
0.2
y/y
-13.8
y/y
-13.2
y/y
-4.7-73.7439.5
y/y
407.5
y/y
-1.1%-192.0Yahoo Finance
2023-09-30Q3 2023 (3M)OK0.0
y/y
3.0
y/y
0.0
y/y
3.0
y/y
-0.2
y/y
-0.9-36.2363.5
y/y
293.7
y/y
-0.0%-153.1Yahoo Finance
2023-06-30Q2 2023 (3M)OK0.0
y/y
-1.4
y/y
0.7
y/y
-0.7
y/y
25.8
y/y
-11.9-49.41501.9
y/y
1246.1
y/y
9.0%-242.1Yahoo Finance
2023-03-31Q1 2023 (3M)OK0.0
y/y
-6.4
y/y
0.6
y/y
-5.8
y/y
-1.1
y/y
-19.0-11.71328.4
y/y
1053.8
y/y
-312.1Yahoo Finance

Net debt structure (leases included, IFRS 16) 2026-03-31

Short-term debt (incl. ST leases)6
Long-term debt (incl. LT leases)852
− Cash & equivalents759
Net debt100

Revenue & EBITDA

RevenueEBITDA

Quarterly values ($ mln)

-30-20-1002024 q12024 q22024 q32024 q42025 q12025 q22025 q32025 q42026 q12026 q2

Year-over-year change

-100%-75%-50%-25%0%2024 q12024 q22024 q32024 q42025 q12025 q22025 q32025 q42026 q12026 q2

Cash flow

FCF ($ mln)

-300-200-10002024 q12024 q22024 q32024 q42025 q12025 q22025 q32025 q42026 q12026 q2

Net debt / cash ($ mln)

-600-400-20002004002024 q12024 q22024 q32024 q42025 q12025 q22025 q32025 q42026 q12026 q2

Research & reviews

Our earnings breakdowns and investment notes on this issuer.

All research →

Key-commodity price — Lithium Hydroxide CIF USD/TNE

Current 18 143spot vs LTM +26%

EV/EBITDA — LTM vs projected

Projected EV/EBITDA 19.3x · target 75th pct (3y) 16.2x · LTM avg 30.2x

EV/EBITDA (LTM)EV/EBITDA (projected)target 75th pct (projected, 3y)

Dividends

No dividend rows found for this issuer (checked: Yahoo Finance (ex-div)).

Reporting forms detected in loaded periods: (Balance sheet / Profit or loss (P&L) / Cash flows)

Financial results, valuation multiples (P/E, P/B, EV/EBITDA), profitability and dividend yield of Lithium Americas (LAC) — from primary filings.

Frequently asked questions

What is Lithium Americas (LAC)'s P/B ratio?
Lithium Americas (LAC) trades at a P/B of 1.6x.
What is Lithium Americas (LAC)'s return on equity (ROE)?
Lithium Americas (LAC)'s ROE is 0.6%.
What is Lithium Americas (LAC)'s market capitalization?
Lithium Americas (LAC)'s market cap is 1.0 bn USD.

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